Mar 7 - Apr 4, 2014 Volume 17 Issue 03
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INSIDE THIS ISSUE
001-CCG_Cvr_03-07-14.indd 1
THE CONDOMINIUM RESERVE FUND
CALGARY’S DELECTABLE FOODIE SCENE
STYLE FILE: LIGHTEN UP FOR SPRING
2014-02-27 3:55 PM
BUILDING FOUR NOW RELEASED
CHBA - Calgary Region
2012
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MARK WILL FEATURE CALGARY’S MOST LUXURIOUS ROOFTOP LOUNGE AND FITNESS CLUB, RESERVED EXCLUSIVELY FOR IT’S RESIDENTS AND THEIR GUESTS MARK ON 10TH
Rising from 10th Avenue SW & 8th Street in the Design District, one block away from the downtown core and within close proximity to shop ping, galleries, entertainment and transit, MARK is designed for those who live, work and play downtown. In addition to an expansive roof garden on the third floor with seat ing areas and shade trees, at the penthouse level, MARK will feature Altitude 330’, a lounge with wet bar, media centre, WiFi internet, billiards and capacity for small or large gatherings. Floating above is a cantilevered glass mezzanine with outstanding panoramic views of Calgary’s downtown, surround ing Rocky Mountains, Bow River and Calgary Stampede.
The fully equipped fitness club includes stateoftheart cardio equipment, free weights and uni versal gym, a yoga/Pilates studio, sauna, steam room, shower, chang ing rooms and lockers. Outside, an elevated hot tub, sunbathing patio with seating and lounge area with outdoor barbecue and raised fire pit for relaxing and entertaining. EXCEPTIONAL VALUE
Choose from an outstanding selec tion of one and two bedroom suites with only a 10% deposit. VISIT the MARK discovery centre located at 1120, 10th Avenue SW open daily, 125pm, closed Fridays T.403.244.2428
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04
A QUALEXLANDMARK PROJECT
IT’S TIME FOR A CLOSER LOOK INNER CITY
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newcondoguide.com | VOLUME 17 ISSUE 03 | NEW CONDO GUIDE 07
TABLE OF CONTENTS
Mar 7 – Apr 4, 2014 VOLUME 17 ISSUE 03
11 LIDO BY
BATTISTELLA New condos in Kensington
COLUMNS, NEWS & FEATURES 010 EDITOR’S NOTE COLUMNISTS
016 SAVING SPACE Top eight organizing myths exposed BY SYLVIA DAOUST
018 CALGARYISM Sink your teeth into Calgary’s foodie scene BY CODY BATTERSHILL
030 CONTEMPLATING CONDOMINIUMS Condominium reserve funds are vital BY LINDA PALFI
034 FUNDAMENTALLY SPEAKING How to find a home? Pay attention to location, information and timing BY WAYNE KARL
CONDO FEATURES
011 COVER STORY Battistella launching LIDO in Kensington BY HEATHER RYAN
042 CONDO PROFILE Trico presents vivid, vibrant Viridian in Sage Hill BY HEATHER RYAN
HOMEBUYERS’ HELP
024 IN THE NEWS Niche Small Space reDesign receives Best Of Houzz 2014 Award 025 TIPS & TRICKS Changing your address 038 MAKE YOUR MOVE Packing tips to make your move a little easier 044 CMHC REPORT Housing starts to stabilize in 2014 and 2015
050 DESIGNER ADVICE Lighten up with perfect pillows and throws BY YANIC SIMARD
054 HOMEBUYERS’ HELP Condo Buyers’ Resource Section 058 INDEX PROJECT LOCATION MAPS
015 Inner City 027 Southwest Map 033 Northeast Map 037 Satellite Communities 041 Northwest Map 047 Southeast Map
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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
MOVING MADE EASY
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
Whether you’re relocating from one coast to the other or moving to your first place out of your parents’ home, moving can be hectic, exciting and certainly stressful. But, relax. You can eliminate all of the anxiety associated with moving by taking control of the situation with confidence. If you decide to move yourself, book a moving truck well in advance from a reliable company that can help with some tips on moving as well as advice regarding the size of vehicle you will need. If you decide to go with a pro, ask your friends and family to recommend a mover. Call at least three companies to ask about their services and then decide. Professional movers can do everything for you if you wish, from packing and unpacking, to disconnecting appliances and electronics, but of course there’s extra cost involved. Make sure you understand the terms of your agreement no matter what you decide, as well as any additional costs such as insurance and mileage fees, so you can budget accordingly. Happy moving!
THE HOW, WHERE AND WHAT OF HOME BUYING
LYDIA MCNUTT
EDITOR
Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets
If you’re planning to buy a new condo this spring, spend the upcoming weeks doing some research to figure out the where, the what and the how of your purchase. Before you start shopping, visit your mortgage broker or bank and get your financing in order. This is the “how” part of the equation. Answer questions like: How much can I afford to spend on a home? How much do I have for a down payment? Will I be using my RRSPs toward my down payment? Will I be able to afford my lifestyle and still make my mortgage payments? Don’t forget to budget for closing costs, maintenance fees and your regular bills. A home is a much more pleasant place with heat and electricity! With your budget defined, you can hit the streets. Location is the one thing about your home that you can’t change. It affects how much you’ll need to spend on the purchase and property taxes, your lifestyle while you live there, and the resale value when you sell the place. Drive, walk and surf the web to learn as much as you can. Map the amenities that matter most to you – schools and parks, shopping areas and banks, highways and public transit, work, family and friends. Visit prospective locations at different times of the day and ask yourself, “Will I feel comfortable jogging early in the morning, or walking the dog alone after sunset?” Once you know how much you can spend, and have narrowed down your locations of choice, you can zero in on the “what” of your new condo. Create a list of “must-haves” and “nice-to-haves.” If you’re purchasing a condo with someone, you’ll have to take their wants and needs into consideration as well, which can make home shopping a little more complicated. Getting your ducks in a row now will allow you to shop with confidence, and maybe even enjoy this exciting process!
10 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
COVER STORY
BATTISTELLA LAUNCHING LIDO in Kensington // BY HEATHER RYAN
OFFERING A FABULOUS LOCATION
with well-designed suites and upscale finishings, it’s easy to see why so many buyers are flocking to Battistella Developments’ latest condo project in desirable Kensington. Located at the corner of 2nd Avenue and 10th Street N.W., LIDO by Battistella is a unique eight-storey mixed-use building that combines
residential, retail and a boutique hotel, and is being so well received that it’s already 30 per cent sold. “We launched LIDO in late November and we’re very excited because the response has been excellent,” says Traci Wilson, director of sales and marketing, noting that construction will start in the spring with a target of a fall 2016 possession date. “People love the floor plans, suite sizes and the views, and the finishing packages are being really well received; it’s a step up from what we typically build with hardwood plank-style flooring, and high-end appliances including a gas stove and built-in wall oven,” she says. “And, LIDO’s location is a major draw, being on 10th Street in the newcondoguide.com | Volume 17 issue 03 | NEW CoNdo GuidE 11
The kitchens will be show-stopping and very different to what has been seen on the market before heart of Kensington,” Wilson says, noting it’s just a block away from the LRT station and an array of shops, services, coffee shops, restaurants, parks, pathways and downtown are just minutes from the doorstep. LIDO will be a midrise concrete building featuring small retail shops on the main level, and – a first for Battistella – a second-floor boutique hotel available to residents to accommodate overnight guests and for use by the general public as well. The top six floors include 60 apartment-style condos featuring cool, modern style that appeals to everyone from young professionals looking to move up, or empty 12 NEW Condo Guide | Volume 17 issue 03 | newcondoguide.com
nesters looking to downsize. The residential suites present a variety of one- to three-bedroom floor plans ranging from 450 to 1,500 sq. ft. Prices start in the $240,000s for one-bedrooms; one-bedroom-and-den start at $425,000; two-bedrooms start at $519,000; and three-bedrooms in the $900,000s. Buyers adore the high-end interior finishings, especially the unique kitchen island that has been design just for LIDO and integrates a custom dining table at one end, and a quartz countertop at the other end that surrounds the built-in five-burner gas stove. Other impressive features include, Fisher & Paykel stainless steel appliances, European-style floating cabinets, in-suite laundry with washer and dryer, floor-to-ceiling/wall-to-wall windows, nine-ft. ceilings, and balconies with gas line hookups. “The kitchens will be showstopping and very different to what has been seen on the market before,” Wilson says. “Master bedrooms can accommodate a king-sized bed and all two bedrooms come with ensuites.” Suites come with an underground parking stall and among LIDO’s three levels of
underground parking will be a level of public parking run by the Calgary Parking Authority. Further, LIDO also now offers a 10-year structural warranty, “giving our residents peace of mind knowing we back our product for longer than ever before.” The building’s exterior is designed to fit into the Kensington streetscape so it will have brick on the first two floors with glass above. The entrance will feature Battistella’s signature colourful mosaic, as well as a restored sign from Kensington’s LIDO Cafe, adding historical character. Residents will also have a great rooftop patio where they can socialize and enjoy stunning views of downtown and the Bow River. LIDO means a place of recreation in Europe, which fits both the Battistella family’s Italian background and the location, says Wilson. “Residents can relax in Kensington and live the LIDO lifestyle.” For more information about LIDO, visit the presentation centre at 1120 Kensington Rd. N.W., open Tuesday to Friday from 10 a.m. to 6 p.m., and weekends from 11 a.m. to 5 p.m. Visit battistella.ca/lido or call 403.290.1664.
newcondoguide.com | Volume 17 issue 03 | NEW Condo Guide 13
INNER CITY
Meet owners Bryan & Samantha moving into VEN 2015
Visit the Website today for up-to-date Pricing and Availability
Minutes from everything!
14
INNER CITY 14 6 TH & TENTH BY LAMB DEVELOPMENT CORP.
RILEY PARK VE 4A
6 AVE N
5 AVE N
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15 L UCIDA BY CHELSEA HOMES
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3804 MacLeod Tr. S
SUNNYSIDE 20 STATION
ROTARY PARK
PRINCE’S ISLAND PARK
05 17
16 S TEPS BRIDGELAND BY GIUSTINI BRIDGES IN.
21
Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com
16
EAU CLAIRE04 MARKET
01
17 9 16 BY SABLE DEVELOPMENTS 916 Memorial Drive
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18 E VOLUTION BY EMBASSY BOSA INC.
4 AVE S
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13 18
5 AVE S
East Village Experience Centre 553 Riverfront Ave. SE
6 AVE S
MILLENNIUM PARK
19 02
CONVENTION CENTRE
9 AVE S
1 ST W
07
MOUNT ROYAL VILLAGE
26 AVE S
VICTORIA PARK / STAMPEDE STATION
08
TALISMAN SPORTS CENTRE
4 ST W
5 ST W
CLIFF ST
17 AVE S
22
CALGARY EXIBITION AND STAMPEDE PARK ERLTON / STAMPEDE STATION
PROSPECT AVE
10 ST W
23 AVE S
1 ST E
COLONEL BELCHER HOSPITAL
11 MACLEOD TR
2 ST W
11 AVE S
4 ST W
5 ST W
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12 AVE S
FORT CALGARY
CITY HALL
OLYMPIC WY
GREYHOUND BUS TERMINAL
26 AVE S
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01 R IVERFRONT POINTE BY CARLISLE GROUP
06 A VENUE BY GROSVENOR & CRESSEY
02 M ARK ON 10TH BY QUALEX
07 S MITH BY GROSVENOR
03 4 3 PARK BY VERICON REAL ESTATE VENTURES
08 D ISTRICT BY BOULEVARD INVESTMENTS
101 Riverfront Avenue S.E.
901 - 10th Ave S.W.
43park.ca
04 W ATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.
05 V EN BY BUCCI
835 5th Ave. NW Show Suite 306 10th St. NW vencondos.com
19 V ERVE BY FRAM + SLOKKER
Sales Centre Now Open in East Village
20 L IDO BY BATTISTELLA
Sales Centre 1120 Kensington Rd
21 E INSTEIN2 IN BRIDGELAND BY PROVIDENCE GROUP COMING SOON Register: einsteincalgary.com
22 A LEX BY ASSURED DEVELOPMENTS
Presentation Centre: 2719 14th St. SW
23 M ISSION 34 BY ASSURED DEVELOPMENTS
98 Mission Road SW mission34.ca
1035 5th Ave. SW
Visit Sales Centre at 850-16th Ave. SW, 2nd Floor
Sales Centre Now Open 305 18th Ave. SW
10 B RIDGELAND CROSSINGS BY APEX CITY HOMES bridgelandcrossings.ca
13 F IRST BY FRAM + SLOKKER
East Village Experience Centre 553 Riverfront Ave. SE
newcondoguide.com | VOLUME 17 ISSUE 03 | NEW CONDO GUIDE 15
GRO
1035 5
Saving Space
// by sylvia daoust
TOP 8
Organizing Myths Exposed 1 Lots of colorful bins and containers will make you more organized.
If these tools aren’t part of a larger system that allows you to put like with like and find what you need when you need it, then they aren’t helping you get or stay organized. They’re just adding to your clutter. 2 There’s no hope for me… I wasn’t born organized.
Yes, some of us were born with the “organizing gene,” but anyone can become better organized. Determine what is organized enough for you, and get help developing systems that work with your learning style. 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.
3 An organized home looks like the ones in the magazines.
These magazine photographs are professionally staged. While they showcase some great storage ideas, 50 per cent of the stuff in the space has been cleared out. Homes are meant to be lived in. Keeping your home perfectly organized every minute of every day probably means you aren’t “living” there at all. 4 Once I get organized, I’ll be organized for life! Yeah!
Being organized is a journey, not a destination. You have to maintain and tweak your systems regularly in order to stay organized. Organizing is not magic. It is unrealistic to think that a professional can come in for a couple of hours and “fix” what has taken you months (or years!) to create. 5 If I had more space, I could get organized.
While lack of space can be a legitimate issue in some situations, those with the tendency to “collect” will fill up any space, no matter how large. I’ve seen homes with three-car garages and over 2,500 sq. ft. of living space less organized than an 800-ft. condo. 6 Being messy means you are disorganized.
Organizing is about function, not absence of stuff. Visual, creative types need to have things out where they can see them. Their spaces appear disorganized to others, but they usually know where everything is. 7 Getting Organized is too Expensive.
It’s about living in a space you love, not obsessing about the space so you can’t live in it!
There are plenty of ways to organize stuff that don’t cost anything, and if you’ve got a creative streak, you can still make them just as pretty. Pinterest is full of re-purposing ideas to give you the storage you need. 8 Professional Organizers live in “ultra organized,” magazine worthy spaces.
If I had a dollar for every time one of my clients said, “Your home must be so organized!” Remember: it’s about living in a space you love, not obsessing about the space so you can’t live in it!
16 NEW Condo Guide | Volume 17 issue 03 | newcondoguide.com
Pha
se 1
Firs t
Rel eas e
Ava ila
ble !
2
Contact Christina at 587.433.4416 or Christina@einsteincalgary.com
2
17
CALGARYISM
// BY CODY BATTERSHILL
Sink your teeth into
CALGARY'S FOODIE SCENE
All I know is, if it is anything like what they have already produced in Calgary, then this food hub will be something to look out for. DOUBLE ZERO CHINOOK | 6455 MACLEOD TRAIL SW
Cody Battershill is the founder of Calgaryism and a top producing realtor at Re/Max 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, on Twitter @Calgaryism and Calgaryism.ca"
C
Double Zero Pizza is expanding with a new location coming soon to Chinook Mall. Those who have been to Double Zero’s downtown location already know that this is good news as the restaurant serves up some of the best pizza in Calgary, plus a wide selection of tapas, pastas, beers and wines. The new two-storey venue with a market-style main floor and traditional secondfloor dining area is hard to miss, located on northeast side of the mall and easily spotted off of Macleod Trail. I can definitely see myself enjoying some fine food at Double Zero Chinook in between some shopping and an IMAX flick. GORO & GUN | 225 7TH AVENUE SW
Stephen Avenue will soon be home to another restaurant called Goro & Gun. If this restaurant's food is as unique as its name, then surely we have much to look forward to! Expect to see some of the best of both Asian and American cuisines all smashed into one fantastic menu that will make the foodies in Calgary crave for more. I’ll be checking this spot out as soon as it opens! NATIONAL WEST HILLS | 180 STEWARD GREEN SW
algary’s food culture is getting bigger and more spectacular as the years go on. With so many great food establishments found all throughout Calgary, especially in the downtown and inner city, it isn’t hard to get excited about dining out while getting some bang for your buck. Having said that, prepare your taste buds for even more unique, scrumptious, savoury foods to hit our city streets in the near future. Here are six new Calgary restaurants coming soon that any food lover will appreciate:
National already has two outstanding locations in Calgary, one on the Red Mile or, 17th Avenue SW if you will, and one on 10th Avenue SW, the latter of which has bowling lanes and a unique bourbon room with over 40 kinds of whiskey to choose from. You know what they say – there’s no bad whiskey, some are just better than others. Now, National is opening a third location at West Hills Shopping Centre in the southwest. Expect to see the same great food, drinks and social atmosphere the franchise is known for. After all, it is one of the best Calgary beer halls there is.
CHARBAR | 618 CONFLUENCE WAY SE
RODNEY’S OYSTER HOUSE | 355 10TH AVENUE SW
The Simmons Building in East Village will soon be home to Charbar, a new restaurant and eatery by Phil and Sebastian Roasters, Sidewalk Citizen Bakery and the chefs behind Charcut Roast House. Who knows what magical concoctions of food will be made at Charbar once all three tenants have set up shop and are ready to open by spring of 2015.
Seafood lovers beware – one of Toronto’s highly reputed oyster restaurants is coming soon to Calgary. Rodney’s Oyster House has acquired the former nightclub on 10th Avenue and 4th Street SW that has previously gone by the names of Mansion, Tantra and The Drink. When finished, the restaurant will boast 300 seats, an oyster bar, private dining rooms and catering services. Expect to see gourmet lobster, crab, scallop and fish entrees to go with those lovely oysters.
NATIVE TONGUES TAQUEIRA | 239 12TH AVENUE SW
Tacos, bourbon and hip-hop are the three words used to describe Native Tongues Taqueira, a new food establishment coming soon to the belt-line community of Connaught. The creators of Taco Or No Taco are bringing to you another place where you can get all the gourmet tacos, tasty bourbon and Mexican-style wrestling for entertainment you want. This combination makes for quite the interesting dinner event, to say the least.
JOIN US We invite you to join us for more restaurant reviews, activities and events in
Calgary at Calgaryism on Facebook, on Instagram and Twitter. Until next time, be sure to check out some of the best in Calgary and let us know what you think!
18 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
HOMES
COMING
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A is anyone who creates or appreciates innovative, tasteful things.
For those who welcome style in all its forms, Grosvenor is launching a collection of fine fine tailored homes off 17th Avenue, starting $229,900. off 17th Avenue, starting fromfrom the low $200,000’s.
REGISTER NOW – OR TAKE OUR “HOW MUCH OF A SMITH ARE YOU” QUIZ – AT SMITH17.COM.
This is not an offering for sale. Such offering can only be made with a disclosure statement. E.& O.E.
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Living cities 19
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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 03 | NEW CONDO GUIDE 23
In The News
Niche Small Space reDesign
of Calgary, AB receives Best Of Houzz 2014 Award
Annual survey and analysis of 16 million monthly users reveals top-rated building, remodeling and design professionals in Canada Niche Small Space reDesign of Calgary has been awarded “Best
Of Houzz” by Houzz, a platform for home remodeling and design. The “Calgary Expert Team in Small Spaces” was chosen by more than 16 million monthly users that comprise the Houzz community. The Best Of Houzz award is given in two categories: Customer Satisfaction and Design. Customer Satisfaction honours are determined by a variety of factors, including the number and quality of client reviews a professional received in 2013. Design award winners’ work was the most popular among over 16 million monthly users on Houzz, known as “Houzzers,” who saved more than 230 million professional images of home interiors and exteriors to their personal ideabooks via the Houzz site, iPad/ iPhone app and Android app. Winners will receive a “Best Of Houzz 2014” badge on their profiles, showing off their commitment to excellence to the Houzz community. These badges help homeowners identify popular and top-rated home professionals in every metro area on Houzz.
“We love a small-space challenge!” “Houzz provides homeowners with the most comprehensive view of home building, remodeling and design professionals, empowering them to find and hire the right professional to execute their vision,” says Liza Hausman, vice-president of community for Houzz. “We’re delighted to recognize
Niche reDesign among our ‘Best Of’ professionals for customer satisfaction and design as judged by our community of homeowners and design enthusiasts who are actively remodeling and decorating their homes.” With Houzz, homeowners can identify not only the top-rated professionals, like Niche reDesign, but also those whose work matches their own aspirations for their home. Homeowners can also evaluate professionals by contacting them directly on the Houzz platform, asking questions about their work, and reviewing their responses to questions from others in the Houzz community. Follow Niche Small Space reDesign on Houzz. 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-renos and redesigns.
About Houzz Houzz is a leading platform for home remodeling and design, providing people with everything they need to improve their homes from start to finish, available online or from a mobile device. From decorating a room to building a custom home, Houzz connects millions of homeowners, home-design enthusiasts and home-improvement professionals across the country and around the world. With the largest residential design database in the world and a vibrant community powered by social tools, Houzz is an easy way for people to get the design inspiration, project advice, product information and professional reviews they need to help turn ideas into reality. For more information, visit houzz.com.
24 NEW Condo Guide | Volume 17 issue 03 | newcondoguide.com
INNER CITY
Tips & Tricks
changing your address? Plan ahead to make your move as smooth as possible, and avoid getting lost in the shuffle!
Notify family and friends, companies and institutions that your address will be changing, either by phone or by mailing the changeof-address cards available at your local post office. The following checklist will serve as a convenient reminder:
as soon as possible…
❏ Accountant
❏ Employer
❏ Alumni association
❏ Family doctor
❏ Attorney
❏ Dentist
❏ Banks
❏ Veterinarian
❏ Lending institutions
❏ Frequent flyer program
❏ Insurance companies
❏ Magazine / newspaper subscriptions
❏ Investment companies ❏ Canada Revenue Agency ❏ Stockbroker ❏ Credit card company
❏ Catalogs ❏ Place of worship ❏ Update your driver’s license
newcondoguide.com | VOLUME 17 ISSUE 03 | NEW CONDO GUIDE 25
INNER CITY
lives large
26 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
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 03 OVATION
BY INTERGULF CIDEX
#2105, 99 Spruce Place S.W.
36 STREET
03 17 Ave
07
08
05
16
11
09
04 T HE LANDINGS BY STATESMAN
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 175 Silverado Blvd S.W.
07 G LAS BY AVALON
GLENMORE RESERVOIR
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
SOUTHLAND DRIVE ANDERSON ROAD
DEERF
OOT T
W BO
CRE
Presentation Centre: 2719 14th St. SW
09 M ISSION 34 BY ASSURED DEVELOPMENTS
11 C URRIE BARRACKS BY CANADA LANDS COMPANY
AIL
TR
AIL D TR LEO SHERIFF KING ST. SW
VITT
McKE 01 06
194 AVE
Mac
S JAME
SHAWNESSY BLVD.
08 A LEX BY ASSURED DEVELOPMENTS
98 Mission Road SW mission34.ca
M
EK P ARK
TTO BO
FISH
RAIL
2712 17th St. SW
UIS
MARQ
RNE OF LO
TRAIL 12
J5, 2953 Battleford Ave. S.W.
IGHTY5NINE E 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 03 | NEW CONDO GUIDE 27
WITH THOUSANDS OF CONDOS SOLD
KissYour Landlord Goodbye!
WE ARE ALBERTA’S TOP SELLING CONDO BUILDER
ARE YOU TIRED OF RENTAL INCREASES?
M
2 BEDROOMS FROM
130’s
$
WHY RENT WHEN YOU CAN OWN FOR
PAYMENTS FROM $209 BI-WEEkLY* YOU QUALIFY WITH A YEARLY HOUSEHOLD INCOME OF $32,300
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Cre
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FOR MORE INFORMATION:
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OUR RECENT LAUNCH WAS A TREMENDOUS SUCCESS BUT THERE ARE STILL A FEW VERY DESIRABLE SUITES AVAILABLE!
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12TH AVE. SE 12TH AVE. SE
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SE
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PROjECT LOCATION CENTRAL SALES CENTRE
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SALES CENTRE HOURS: Mon -Thurs 2-8 pm Sat, Sun & Holidays 12- 5 pm Closed Fridays
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ue SE 5 Aven
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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.
CONTEMPLATING CONDOMINIUMS
// by Linda Palfi
Condominium reserve funds are vital
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
W
hether it is a new development or a longstanding condominium complex, every condominium corporation should have a capitalreplacement reserve fund. This rainy-day fund is simply the cash reserve that condo owners put aside jointly to ensure they will have the money needed when major work needs to be done, such as re-roofing the building, repairing a major water leak, or replacing a hot-water boiler. Unlike regular maintenance paid from the annual operating budget, these are “capital” items that can cost big dollars. The reserve fund can be built up over a number of years, sometimes following a reserve-fund study, which lays out which components are expected to wear out in what year in the future. Their projected replacement costs at that time are calculated, and then annual
contributions to the fund are made to cover the projected expense by the time that year arrives. But even without a fancy study or projection, every homeowner – condo or otherwise – knows darn well that they’d better have some money in the bank for that rainy day when the roof finally starts to leak in a serious way. This applies to new developments, as well as older places which, of course, can expect greater costs in the near future, as aging components need replacement. A brand-new condo apartment building or townhouse development may have all new components, yet things can and do go wrong. If you’re buying into a new project, find out if the developer is being generous enough to put $30,000 or $50,000 down to open the reserve account. In the grand scheme of things, that’s not unreasonable, and it gives the new owners a place to start along with a sense of security. Before buying a condominium, the budget and reserve fund should be reviewed closely. A condominium-specialist realtor will be able to give insight into the issues. Otherwise, a professional review of all the condominium documents before you finally buy is well advised. Some condominium realtors now include such a thorough review in their package of professional services.
Before buying a condominium, the budget and reserve fund should be reviewed closely If your target condominium project is new, ask whether the developer is chipping in to open a reserve account. As well, take a critical look at the monthly condominium “fee”– really, a contribution to your own joint monthly operating expenses and to the reserve fund. Developers sometimes set these unrealistically low. The community of owners could soon find that they need to self-impose an increase to fund operations and to build up the reserve fund. If your target condominium project is older, look for a more substantial reserve savings account and generous annual contributions to it from the operating budget. All the better if there is a reserve-fund study in place, but that’s not as vital as the corporation simply having the cash. A walk around the development will soon reveal if major work needs to be done. If it does, and if there’s little money in the bank, find yourself a better-managed condominium corporation. And who owns the reserve fund? You all do; and it stays with the living unit when you sell it – that’s one reason some condo owners fight making contributions. Yet condominiums obtain their highest market value when buyers are confident that the corporation is well run, well funded, and that a modest but necessary cash reserve is part of the land and housing asset they are buying into.
30 NEW Condo Guide | Volume 17 issue 03 | newcondoguide.com
Jayman-Modus 03-07-14.indd 1
2014-02-26 4:30 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 03-07-14.indd 2
2014-02-26 4:30 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 03-07-14.indd 3
2014-02-26 4:30 PM
Move in Summer
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 03-07-14.indd 4
$470’s to $1.5m+GST
from
Building J5, 2953 Battleford Avenue SW
2014-02-26 4:30 PM
Move in Summer
2 & 3 bedroom townhomes with garage
1 & 2 bedroom condos
The Ultimate in Choice all within a Four Season Lake Community 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
from
$298,900+GST
211 Mahogany Way SE
Jayman-Modus 03-07-14.indd 5
featuring: • 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
$170’s+GST
211 Mahogany Way SE
2014-02-26 4:30 PM
Move in Now
Coming March 2014
Only 15 available 1 & 2 bedroom condos Plain and Simple, Homes that Work. featuring:
2 & 3 bedroom townhomes with garage Distinctive Townhomes Built on Decades of Experience
R
Register online for more information and to be part of the unveiling.
B
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
S
Evansridge NW Coming Late Spring 2014
$179’s to $340’s+GST
from
2 & 3 bedroom townhomes with garage Live the Picturesque Life You Love Coming Spring 2014
207 Sunset Drive, Cochrane
Jayman-Modus 03-07-14.indd 6
Cochrane
2014-02-26 4:30 PM
G
T
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 03-07-14.indd 7
2014-02-26 4:30 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 03-07-14.indd 8
2014-02-26 4:30 PM
Dear Mortgage, I’m taking time off to give something back.
Take time off from your mortgage payments. A flexible mortgage from TD lets you dedicate time to making the world a better place. Just add a little extra to your regular payments and you could have the option to take a payment vacation for up to four months1. It’s just one of TD’s flexible mortgage features.
Visit a branch or tdcanadatrust.com/paymentvacation
1
Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
newcondoguide.com | VOLUME 17 ISSUE 03 | NEW CONDO GUIDE 31
ontario.indd 1
2/19/14 12:29:52 PM
3-storey townhomes in north Calgary from the mid $280,000’s.
ST
32
REDSTONE
2012
NE
Register at Kintalla.com
SALES CENTRE
GROVE
CHBA - Calgary Region
REDSTONE
It’s time to start your story at Kintalla. Show suites opening in March.
NE
METI S TRAIL NE
Kintalla Is Over 50% Sold
RE PL DST AZ ON A E
REDSTONE
DR NE
128 AVE NE
Visit our sales centre at 150 Redstone Grove NE or call 587.353.9201.
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
32 Ave
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
ANDERSON ROAD
DEERF
52 STREET
BARLOW TRAIL
GLENMORE TRAIL
SOUTHLAND DRIVE
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
U
MARQ
AIL
NE TR
LOR IS OF
COPPERFIELD
IL
TRA
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
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
CHAPARRAL CRANSTON
ABURN BAY
newcondoguide.com | VOLUME 17 ISSUE 03 | NEW CONDO GUIDE 33
FUNDAMENTALLY SPEAKING
// BY WAYNE KARL
HOW TO FIND A HOME?
Pay attention to location information and timing
D
espite what you often hear, finding that perfect home isn’t only about location, location, location. True, this is the time-tested first rule of real estate, but there are other determining factors you must consider as part of your selection process. Indeed, there’s a new rule of thumb for buying real estate. LOCATION
Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl
First, what does that old adage really mean? Of course, we’d all love a high-end home in the best neighbourhood. But that’s not always possible. For your own enjoyment while you live in your home as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your property’s appeal and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your home has when you go to sell, the more desirable it will be to a greater number of people. This equates to demand – multiple offers and a higher price. INFORMATION
Whether you’re a first-time homeowner, “buying up” to accommodate a growing family or “right-sizing” as an empty nester, education is critical. And these days, with digital media and mobile technology, all the information you need is at your fingertips. From the content here in this magazine, to the resources available to you at Canada Mortgage and Housing Corp. (CMHC), to the local market expertise of new-home sales staff and realtors, the more knowledge you have, the better equipped you are to make informed decisions about buying, maintaining and eventually selling your home. TIMING
Like any financial instrument, real estate can fluctuate in value and your timing can determine how good of an investment it is
Though your home is your primary residence, it is also an investment. Where you buy is usually determined largely by where you want to live, work and play. But when you buy and sell is also important. Like any financial instrument, real estate can fluctuate in value and your timing can determine how good of an investment it is. Given today’s challenging economic climate, there’s no shortage of media reports on the ups, downs, crashes and surges of the housing market. But if you’ve done your research, you won’t be spooked – or excited – by big-picture reports on short-term market performance. You know that real estate is not national or even regional – it’s very specific. You don’t buy the Canadian market and you don’t buy a provincial or even regional market. You buy a specific home, on a specific street in a specific neighbourhood. So, it’s not just about “location, location, location.” The new adage is “location, information and timing.” Do well with all three, and over the long haul your home is going to be one of the best lifestyle and investment decisions you ever made.
34 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
ARRIVE HAPPY With homes starting in the $280s, Arrive at Redstone is at the forefront of a sustainable townhome revolution. Our multi-family units feature spacious floor plans with 2 - 4 bedrooms, 2.5 baths, an essential single vehicle garage, and exclusive green spaces. Arrive home.
Showhome Hours Monday to Thursday 2 - 8pm Saturday to Sunday 12 - 5pm Showhome Address 102 Skyview Ranch Road NE 403 264 8963
128 AVE
D
EE TR RF A OO IL T
NE
METIS TRAIL
STONEY TRAIL
COUNTRY HILLS BLVD BUILT BY
CERTIFIED BY
A R R I V E H O M E .C A
WHAT YOU SEE IS WHAT YOU GET
Construction at The Edge in Airdrie is now complete, which means your new home is ready for you. Tour your home before you decide to move in – what you see is exactly what you get! Our condos start as low as the $217’s, so take the tour today at 604 East Lake Blvd NE. Immediate Possessions. Over 75% Sold.
@StreetsideYYC
condosinairdrie.com
36 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | 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 03 | NEW CONDO GUIDE 37
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
Make Your Move
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. 38 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | 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 2.21.14.pdf 1 2/21/2014 2:30:13 PM
SATELLITE COMMUNITY
C
M
Y
CM
MY
CY
CMY
K
39
NORTHWEST
SAGE VALLEY RD.
N
GE VALLEY BLVD. SA
SH A AG PPI TRAIL NW
NA
40
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
05 E NCORE AT KINCORA BY CARLISLE GROUP
37th Street and Kincora Glen Road N.W.
06 T RINITY BY JAYMAN MODUS 9 Nolan Hill Blvd. NW
03 V IRIDIAN BY TRICO HOMES 04 S WAN LANDING BY SWAN GROUP
GLENMORE RESERVOIR
Sales Centre 1120 Kensington Rd
22 A VIRA BY JAYMAN MODUS Coming Soon
500 Rocky Vista Gardens N.W.
BARLOW TRAIL
MacLEOD TRAIL
Sage Hill View NW
64 Nolan Hill Gate www.aviurban.com/thepost
21 L IDO BY BATTISTELLA
BLACKFOOT TRAIL
37 STREET
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
AIL TR AP I SH
AG AN N
HIL LD R. NO
Y TR
SE
E STON
15
10 S AGE PLACE BY CARDEL LIFESTYLES
CENTRE STREET
STONEY TRAIL NW
04
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
W BO
CRE
AIL TR
AIL
VITT
McKE
TR OD
LE Mac
S JAME
SHAWNESSY BLVD.
EK P ARK
M TTO BO
FISH
RAIL
IS OF
U MARQ
E LORN
TRAIL
newcondoguide.com | VOLUME 17 ISSUE 03 | NEW CONDO GUIDE 41
CoNDo Profile
TriCo PreSeNTS
vivid, vibrant Viridian in Sage Hill // BY HeATHer rYAN
v
ivid, vibrant, versatile – all this and more describes Viridian, the newest condo project being offered in northwest Calgary’s popular Sage Hill. Being crafted by Trico Communities, Viridian will eventually be comprised of 359 suites in six three-storey buildings on the northwest corner of Symons Valley Road and Sage Hill Drive, overlooking a ravine in Sage Hill. “We’re really excited about the location and launch of the first phase in our first building,” says Cindy Arevalo, area sales manager along with Warren Martz. “Viridian offers urban living in the suburbs, so it presents a contemporary look exterior with vivid colours of green,
blue, red, orange and brown that is going to look very clean, vibrant and will have great curb appeal. “The interiors also offer a contemporary, modern feel with open-concept designs and our customers are really pleased with having higher standard specifications at an affordable price point,” she says, adding that prices range from $178,900 to 289,900 plus GST. “They’re getting features most people want that they normally couldn’t qualify for as a first-time buyer.” The first building includes 77 suites – with 28 available in the first phase – offering versatile floor plans to meet various buyers’ needs. The 15 floor plans range from 629 to 966 sq. ft. in one-bedroom, one-bedroom-plus-den, two-bedroom and two-bedroom-plus-dens designs. “What’s great is we have three modern colour schemes to choose from and we have three upgrade packages available, so people can really put their own personal touch on their suites,” Arevalo says. Interiors also come standard with incredible high-end specifications, such as nine-ft. ceilings, in-floor heating, granite countertops in the kitchen and bathrooms, and tile and laminate flooring. Kitchens come with fabulous stainless steel appliances – slide-in range, fridge, dishwasher and over-the-range microwave/hood fan, 42-inch tall cabinets, full-height tile backsplash, and many suites have islands or peninsulas. The suites also come with a stackable, front-loading washer and
42 NEW CoNdo GuidE | Volume 17 issue 03 | newcondoguide.com
CoNTiNueD oN PAGe 43…
condo profile continued… dryer, one-inch aluminum blinds, balconies or patios with gas line hookups, and a surface or underground parking stall. Buyers will also love Viridian’s vibrant location with established amenities such as parks, ponds and pathways in Sage Hill, and being within walking distance to the Symons Valley Ranch Farmers’ Market which is open year round. It’s also minutes from grocery stores, restaurants, shops and services in both Creekside and Beacon Hill, and it’s a short drive to CrossIron Mills mall. An added benefit, Viridian has quick access to several major routes including Stoney Trail, Sarcee Trail, Symons Valley Road, Shagannapi Trail, Beddington Trail and the Deerfoot for an easy commute to downtown, the airport, points across the city and out-of-town to the foothills and mountains. To learn more about Viridian, and take advantage of introductory prices for Phase 1, visit the sales centre at 3503 Sage Hill Dr. N.W. open Monday to Thursday from 2 to 8 p.m., and weekends from noon to 5 p.m. Call 587.296.2283, email viridian@tricohomes.com or visit viridiancondos.ca.
Suite B
‘‘ We didn’t need to build our dream home. ‘‘
Trico had already done it.
Trico Quick Possession Homeowner
NOW BUILDING IN 15 AMAZING COMMUNITIES IN CALGARY & SURROUNDING AREAS Scan to see what else our homeowners are saying!
Every owner has their own reason for falling in love with their Trico Home. For Carmen it was the spacious layout, the “spectacular kitchen” and “awesome” ensuite. So tell us your wants, needs and desires for your new home. We want this to be a love affair that lasts and lasts.
Homes that fit...your wishlist.
tricohomes.com newcondoguide.com | Volume 17 issue 03 | NEW Condo Guide 43 TC-12220 NHG HP Feb28 v1.indd 1
DATE:
F I L E
14-02-13 4:24 PM
N A M E S
A R E
F O R
I N T E R N A L
U S E
O N LY
CMHC report
Housing starts to stabilize in 2014 and 2015
Canada Mortgage and Housing Corp. (CMHC) expeCts Housing starts to stabilize in 2014 and 2015. Support from improved economic and demographic fundamentals will be tempered by a combination of a modest and gradual increase in mortgage rates and a slowdown in demand from first-time buyers, according to CMHC’s first quarter 2014 Housing Market Outlook, Canada Edition. “With a relatively high number of units currently under construction, we expect builders will gradually adjust their activity in order to reduce their level of inventory,” says Mathieu Laberge, deputy chief economist for CMHC. “Housing demand for resale market homes will continue to be sustained despite expected modest and gradual increases in mortgage rates toward the end of the forecast horizon,” Laberge adds. On an annual basis, housing starts are expected to range between 176,600 and 199,800 units in 2014, with a point forecast of 187,300 units, relatively unchanged from 187,923 units in 2013. In 2015, housing starts are expected to range from 163,200 to 206,600 units, with a point forecast of 184,900 units.
Multiple Listing Service (MLS) sales are expected between 436,000 and 497,000 units in 2014, with a point forecast of 466,500 units, up from 457,485 in 2013. In 2015, sales are expected from 443,400 to 506,000 units, with an increase in the point forecast to 474,700 units. The average MLS price is forecast between $380,100 and $400,700 in 2014 and between $384,300 and $409,900 in 2015. CMHC’s point forecast for the average MLS price calls for a 2.1-per-cent gain to $390,400 in 2014 and a further 1.7-per-cent gain to $397,100 in 2015. CMHC draws on more than 65 years of experience to help Canadians access a variety of quality, environmentally sustainable and affordable housing solutions. Call 1.800.668.2642 and visit cmhc.ca for more information.
Classic Bearspaw Views. Brand New Villas Lifestyle. Now there’s a way to live a life without compromise and enjoy exceptional views of the Rockies every day. The Villas at Watermark have raised the bar for a modern lock-and-leave lifestyle, with spacious, walk-out floorplans, just 20 minutes from downtown. Come and see for yourself.
T: 403.474.5985
Calgary’s fastest-selling Villa community. From the mid $700,000s.
REGISTER NOW: VillasAtWatermark.com
NEW CONDO GUIDE Client: MacDonald Development Project: Villas at Watermark Dimensions: 6.75” x 4.625”
44 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
20 MINS. TO CALGARY
This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.
NORTHWEST
CHBA - Calgary Region
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
LIVE WORK SHOP PLAY Awesome Location 5 minutes to U of C, 10 minutes to Downtown Top Notch Concrete & Steel Construction Private Penthouse Health Club Walk-Up Dalhousie Station LRT Access
From the 290s to 600s 780 Varsity Estates Dr NW Calgary, AB T3A 1W9 Telephone: 403.286.8143 | www.grovesofvarsity.com
45
SOUTHEAST
46
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
211 Mahogany Way
09
14
116 Quarry Park Way SE
W BO
15 EDISON BY AVI URBAN
NEW BRIGHTON
M AIL
TR
AIL
VITT
D TR
McKE
F UIS O
MARQ
IL E TRA LORN
CHAPARRAL
15
02 11
16
LEO
Mac
S JAME
285 Walden Drive SE aviurban.com
TTO BO
EK P ARK
01
10
23
12
MAHOGANY
20
Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/ cranston-ridge
02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.
03 MUSKOKA BY BROOKFIELD HOMES 65 Auburn Meadows Way
04 MOSAIC LAKESIDE AUBURN BAY BY BROOKFIELD HOMES
22
03 04
13
16 06 08 13
01 CRANSTON RIDGE BY CARDEL LIFESTYLES
16 AUBURN BAY BY STONECROFT
COPPERFIELD
AUBURN BAY
CRANSTON
05
27 Auburn Bay Link SE
206 Cranford Drive SE
14 BOULEVARD TOWNES BY BIRCHWOOD
114 AVE SE
DEERF18 OOT T RAIL
CRE
13 MOSAIC CRANSTON BY BROOKFIELD HOMES
84 STREET
52 STREET
BARLOW TRAIL
19
ANDERSON ROAD
SHAWNESSY BLVD.
1797 Copperfield Blvd SE
GLENMORE TRAIL
SOUTHLAND DRIVE
FISH
11 CHALETS IN COPPERFIELD BY SABAL HOMES 12 EBONY BY JAYMAN MODUS
MacLEOD TRAIL
GLENMORE RESERVOIR
17 Ave
BLACKFOOT TRAIL
17 Ave
SETON BLVD.
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
19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION
05 LEGACY STREET TOWNS BY HOMES BY AVI
Quarry Park Blvd SE remingtoncorp.com
Coming Soon to the corner of 210 Ave. and Legacy Blvd.
20 CRANSTON PLACE BY CARDEL LIFESTYLES
06 ZEN BY AVALON MASTER BUILDER
302 Cranston Road SE
22 MAHOGANY STREET TOWNS BY HOMES BY AVI
82 Auburn Bay Link SE
08 MUSKOKA BY BROOKFIELD HOMES
13 Marine Dr SE
23 SYMMETRY AND HARMONY BY STONECROFT
27 Auburn Bay Link SE
09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING
121 Copperpond Common SE
232 Quarry Park Blvd. SE
10 MCKENZIE TOWNE ELGIN BY BROOKFIELD HOMES 585 McKenzie Town Drive 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 03 | NEW CONDO GUIDE 47
The Pinnacle of
LUXURY A Brand New Magazine Dedicated to High-End Properties in Calgary and Area The only magazine of its kind in Calgary, Luxury Living showcases high-end homes, condos and properties. This is your exclusive opportunity to establish your property as the pinnacle of affluent living. Pick up your FREE copy.
LINE AT BLE ON m AVAILA gary.co LivingCal Luxury
FE B-M AY
20 14
n legend Hometow
DEN R A N N JA S E COME COUTUR ARY TO CALG
EAT G THE GR ENJOYIN DECOR R OUTDOO
ANING TATE LE REAL ES LUXE DS TOWAR
TO BOOK YOUR ADVERTISING SPACE CONTACT: Natalie Houghton
Brought to you by the publishers of
587.226.1313
natalie.houghton@wall2wallmedia.com
SOUTHEAST
49
DESIGNER ADVICE
LIGHTEN UP with perfect pillows & throws // BY YANIC SIMARD
Urb
an
Bar
The Chameleon
n
WHEN THE SEASONS START TO CHANGE,
you may find yourself craving a new look indoors as well. Rather than undertaking a complete overhaul, you can refresh your family room or living area the easy way: with a suite of sofa accessories. Whether you’re the type to pick one design style and stick to it or change your mind all the time, you can find a perfect pillow-and-throw combination for your personality from my guide here: The Chameleon If you love to change your look every season, take the opportunity to warm up your home environment early with a cable knit blanket, and printed pillows that make you think of the outdoors without having to go outside. Also grab a storage ottoman, and you’ll have ample space to keep these items stashed in the sunnier months (and store your summer look until warm weather returns).
West Elm
The Indecisive If you can’t settle on just one or two colours (even per season), you don’t have to. Choose items that feature blocks of multiple colours in coordinating tones, and they will still feel related even if you choose every hue in the rainbow. Break up the scheme with some neutrals to avoid total overload.
The Indecisive
The Glamorous Creating a look that says luxe is all about texture – adding a rich feel to the touch will add a rich look the eye. Try layering a sheepskin like a throw on a corner of the sofa, and contrast it with sequined pillows, like the Luxe Sequin Pillow from Indigo, mixing rugged and delicate fabrics with some sparkle for a Hollywood glam appeal.
The Glamorous
Indigo
50 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
C O N T I N U E D O N PA G E 5 2 . . .
SOUTHEAST
51
ZEN CG 201402.indd 1
19/2/14 21:12:51
DESIGNER ADVICE CONTINUED…
IKEA
The Classic The high contrast look of black and white is a striking classic. To keep it sophisticated, mix different patterns featuring both tones to soften the scheme (such as stripes, chevrons, and other geometrics), and have some favourite photos printed in grayscale and hung in simple frames for timeless elegance.
ds on ’s Ba om yC pa ny
The Cool, Calm & Collected Reduce your stress by choosing one soothing colour to stick with, like a pastel aqua shade, and mix different textures and subtle patterns for a feeling of restfulness. Choosing multiple pillows in the same size and shape also makes for easy mixing and matching – 18- to 20-in. squares are fairly common and can be combined over time from different stores.
The Classic Hu
The Bold The primary-colour stripes of an iconic Hudson’s Bay blanket feel classic yet modern, and utterly sophisticated; spread it out unfolded for maximum effect (over the full seat or even the entire sofa) and add an equally legendary Union Jack pillow for unapologetic personality.
The Bold
The Cool, Calm & Collected
Wes t El m
052 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
YANIC SIMARD is the design editor of New Condo Guide and principal designer of TIDG. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Yanic has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.
Glenmore Trail
Carburn Park Quarry Park Blvd
SHOWHOMES
hS
24th Street
1 8t
Bow Rive r
rail ot T Deerfo
Market
t re
et
2
HI
GH
A
W AY 2
3
HW AY 1
HEARTLAND QU
IGL
N
.4 RD
HORSE CREEK ROAD
E NG
RA
HIG
GEO
EY
RGE
DR
.
TO CALGARY
GRIFFIN RD.
FOX TR
.
*Principle + interest, based on 5% downpayment. 53
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:
54 NEW Condo Guide | Volume 17 issue 03 | 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
55
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.
56 NEW CONDO GUIDE | VOLUME 17 ISSUE 03 | newcondoguide.com
compAre mortGAGe rAtes For your BesT deAL varIaBle
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
3.950
4.540
5.340
3.140
3.950
4.540
5.340
2.890
2.890
3.190
3.390
3.790
2.990
2.790
3.090
3.390
3.690
4.450
3.600
3.950
4.450
4.990
5.340
3.000
-
3.190
3.240
3.590
3.690
4.090
3.000
4.200
3.140
3.140
3.950
4.690
5.340
Laurentian Bank Canada
3.200
4.400
3.140
3.190
3.950
4.740
5.340
London Life
3.000
4.200
3.140
3.140
3.950
4.690
5.340
Manulife Bank
2.800
4.450
3.000
3.250
3.400
3.500
3.790
ATB Financial
2.700
Bank of Montreal Bank of Nova Scotia
6 Months
1 Year
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
3.140
Canadian Western Trust
3.200
4.000
3.140
First Calgary Financial
-
4.000
First National Financial
2.600
3.950
HSBC Bank Canada
3.100
ING Direct Investors Group Trust
Manulife Trust
-
4.450
3.000
3.250
3.400
3.500
3.790
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 03 | NEW CONDO GUIDE 57
Index of advertisers
read more about our advertisers! 6th and 10th
Brad Lamb Developments
21
Albert Park Station
Carlisle Group
Alex
Assured Developments
26
Arrive at Redstone
Partners Developments
35
Avenue
Grosvenor & Cressey
23
Waterfront
Anthem Developments
5
Bristol
Birchwood Developments
53
Champagne
Remington Developments
2
Copperfield Park II
Brad Remington Homes
60
Cranston Ridge
Cardel Lifestyles
3
Creekside Village
Carlisle Group
District
Boulevard Investments
23
The Edge
Streetside Developments
36
Edison
Avi Urban
59
Einstein2 - Bridgeland
Providence Developments
17
Evolution
Embassy Bosa
6
The Gates
Remington Development Corp.
46
Groves of Varsity
Statesman
45
Heartland Townhomes
Excel Homes
37
Kintalla
Streetside Developments
Lido
Battistella
Mark on 10th
Qualex
4
Mission 34
Assured Developments
26
The Range
Birchwood Developments
53
Ravenswood
Slokker Canada West Inc.
7
28-29
28-29
32 1, 11-13
Riverfront Pointe
Carlisle Group
SageStone
Greenview Developments
28-29 40
Smith
Grosvenor
19
Stone Keep
Merge Developments
38
Stone Creek Landing
Carlisle Group
28-29
Street Towns
Homes by Avi
49
Sunset Ridge
Jayman Innovations
39
Ven
Bucci Developments
14
Veridian
Trico Homes
Villas of Watermark
MacDonald Developments
44
Zen – Garden Homes
Avalon Master Builder
51
Jayman Group of Companies Avira Concept Ebony
Overture Riversong Trinity
58 NEW Condo Guide | Volume 17 issue 03 | newcondoguide.com
Pullout Insert
42-43
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