Calgary New Condo Guide - Mar 4, 2016

MAR 4 - APR 1, 2016 VOLUME 19, ISSUE 3, FREE

CALGARY EDITION

INSIDE THIS ISSUE

THE 5 WORST MORTGAGE MISTAKES YOU CAN MAKE

NEIGHBOURHOOD PROFILE: SUNNYSIDE & KENSINGTON

WHAT TO LOOK FOR IN CONDO CONVERSIONS

BUILDING 5 IMMEDIATE POSSESSIONS

THE WAIT IS OVER Ask about our NEW staged deposit program.

Visit a sales centre for details

2 Bedroom Condos from $174,900

MACLEOD TRAIL

Built for real life.

2015 ALBERTA REGIONAL WINNER Suppor ted by

1

#

349900

$

+ GST

194 AVE SE

WALDEN DR SE WALGROVE COVE SE

WALDEN PLACE 210 AVE SE

WALDEN DR SE

FROM ONLY

WALDEN

+ GST

BLVD

TO

+ GST

WALDEN COMMON

139900 $299900

$

COME HOME TO THE GUARDIAN RESIDENTS ARE MOVING INTO THIS NEW AND VIBRANT COMMUNITY. JOIN THEM.

1-BEDROOMS 2-BEDROOMS PARAMOUNT SUITES

starting at $278,900

PRESENTATION CENTRE

starting at $445,900

456 -12TH Avenue SE Mon – Thurs 12 – 6PM

TEL 403 800 3368 Sat & Sun 12 – 5PM

starting at $1.4 million

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

THE BEST on HOMES THE BEST BLOCK

MOVE-IN

THIS

YEAR

that's Enjoy a boutique home just off 17th Ave. It's tailored for people who want to live in the vibrant Beltline neighbourhood in a home built by an esteemed developer. Win Win.

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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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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 MAR. 4 - APR. 1, 2016 | VOLUME 19 ISSUE 3

11

ON THE COVER

Remington Development Corp. + online NEIGHBOURHOOD

HOME SEARCH

property proďŹ les MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

16

Brookfield Residential

Regatta in Auburn Bay set to launch in March

trending

22 Homebuying

WITH

DYNAMIC

The Gates in Quarry Park

LOOK FOR THE CIRCLE

5 reasons 2016 is a good year to buy a home

42 Qualex-Landmark

Park Point wins two awards at The Internationals

48 Trending Online

Multifunctional spaces that serve a dual purpose

52 Mattamy Homes

Mattamy becomes major partner with Cycling Canada

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)

16

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

2891 Sunridge Way N.E. Calgary, AB T1Y 7K7 ypnexthome.ca

36 advice

in every issue

18

10

Contemplating Condominiums

What to look for, and look out for, in condo conversions

46 Neighbourhood profile Sunnyside-Kensington: a welcoming and thriving community

By Linda Palfi

30 Calgaryism

Three reasons to consider buying a home in Legacy

By Cody Battershill

44 Mortgage Advice

The five biggest mortgage mistakes to avoid

By Alyssa Richard

inspiration

36

Style File

Sweet dreams

By Kait Kucy

what’s online

57

Trending now

More stories, videos and photos

Editors’ Note

58 Advertiser Index district maps

15

Southeast Map

29

Southwest Map

33

Northwest Map

43 Inner City 51

Satellite Communities

55 Northeast Map

ADVERTISING RATES

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

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.

Cody B

Editors' Notes

SUNNYSIDE & KENSINGTON

SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge

MORE PHOTOS ONLINE ypnexthome.ca/sunnyside-kensington

Exploring new neighbourhoods A wanna-be adventurer at heart, I relish exploring new neighbourhoods on a bicycle. It’s been my main mode of transportation since I was little. I’ve been lucky over four solid decades to discover the good, the bad and the unexpected side of a neighbourhood thanks to my two-wheeled friend.

With bike sharing services such as Bixi and VeloGo, it’s easier than ever to discover a neighbourhood in metropolitan areas across the country.

Faster than walking, easier than transit – when you really want to understand what a neighbourhood is

all about, nothing beats a simple ride around the area.

For those who want to explore some of Canada’s top neighbourhoods even more intimately than by bike, surf your way to YPNextHome.ca to check out our team’s top featured neighbourhoods.

With more than 2,700 different neighbourhoods to discover, along with thousands of condominium, rental properties and homes for sale, your adventure begins right here.

Let us know what you think. We’d love to hear from you!

Real estate proves its worth over time

WAYNE KARL Senior Editor

Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

+ get social 10 YPNEXTHOME.CA

Since 2016 is a leap year, we thought it would be interesting to examine Canadian home price growth by looking at four-year intervals.

In a story on YPNextHome.ca, we’ve done just that – we’ve gone all the way back to 1984 – and the home price growth is staggering.

If you’ve ever heard the axiom, “Don’t wait to buy real estate, buy real estate and wait,” this story will define its meaning.

You won’t believe it. We looked at market by market average home price growth, and while the usual

suspects – Toronto and Vancouver – are among the leaders, other areas, including Calgary, demonstrate their value.

The growth over such a long period of time is impressive, if not expected. But when you look at it in four-year windows, you see variable growth rates and regional vacillations.

This speaks to the importance of economic and job growth as key drivers of real estate.

And more than anything, the exercise underlines the value of real estate over the long term.

Interact with us on social media: ypnexthome

Property Profile | REMINGTON DEVELOPMENT CORP.

cover story

The Gates in Quarry Park offers luxury, space and immediate possessions AN EXCEPTIONAL BOUTIQUE-STYLE CONDO located in one of most desirable communities in southeast Calgary is providing buyers affordability without compromising on space, quality and features and the unique opportunity of immediate possessions.

Discerning buyers are able to enjoy luxury and convenience in a beautiful natural setting with The Gates, a three-storey, 32-suite apartment-style condo crafted by

Remington Development Corporation in Quarry Park – a community that offers a perfect balance of homes, offices, retail and natural greenspace nestled alongside the Bow River.

“What is exciting about The Gates is the building is complete so we have immediate possessions available,” says Adrienne McGarvey, manager of residential marketing. “We’re also now more than 50 per cent sold and all of our purchasers to this point have moved in.”

The Gates has an upscale French Heritage architecture on the exterior, “but the suites have bright, modern interiors with a classic look that people really like,” McGarvey says. “We find that many of the younger buyers are attracted to the location and price (starting at $320,000s plus GST), but we’re also getting a number of empty-nesters who adore the larger suite sizes, the high-end quality and the maintenance-free lifestyle.”

Adding to The Gates appeal is the completion of a fabulous water feature, which runs in the median along Quarry Gates and complements the view from the south MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 11

facing units. “This water feature is beautiful with rocks and a waterfall and it sounds very tranquil,” she says.

Despite being more than half sold, buyers have a good selection of suites to choose from, with one-bedroom plus den at 770 sq. ft., two-bedrooms from 1,020 sq. ft. and one-three bedroom at 1,315 sq. ft.

McGarvey says one of the most popular plans (D plan as shown) is a 1,060-sq.-ft., two-bedroom/two-bath design that presents “a very efficient, functional layout ideal for two people sharing because the bedrooms are separated for privacy,” McGarvey describes. “There’s lots of storage in the U-shaped kitchen and it has a good-sized laundry room.”

Regardless of the plan, each offers an open concept with high quality interior design and finishes. Well-appointed kitchens feature granite or quartz countertops, Frigidaire professional stainless steel appliances, pantries and islands with breakfast bars. There is also substantial storage and space so even one-bedrooms can fit a king-sized bed.

Suites on the first two floors have nine-ft. ceilings while thirdfloor suites have 11-ft. ceilings allowing for over-sized windows.

The suites also come with generous balconies – some suites have two balconies – and main-floor suites have private patios with gates providing immediate access to greenspace.

12 YPNEXTHOME.CA

In addition, every purchase includes a parking stall and storage unit and additional parking stalls are available for those with a second vehicle.

Residents of The Gates are only a few minutes’ walk to The Market in

Regardless of the plan, each offers an open concept with high quality interior design and finishes.

Quarry Park, which offers a variety of shops, services, restaurants and a Co-op grocery store.

Plus residents can enjoy more than 80 acres of parkland, including a 50-acre natural area alongside the Bow River, pathways that provide access to the river and Carburn Park. As well, construction of a new YMCA with library is ahead of scheduled and slated to open in July.

“Remington created a canal in Quarry Park and residents can walk alongside it and under a bridge that is reminiscent of Paris to access the YMCA,” McGarvey says.

Quarry Park is also just minutes away from major routes for an easy commute, has bus service connecting to downtown and the LRT, and a future LRT station is planned for the community.

For more information about The Gates, or to view the showsuite, call 403.930.6900 for opening times or to book an appointment, or visit remingtoncorp.com/residential

MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 13

CENTRE STREET

F RI

AIRPORT

MCKNIGHT BLVD.

68 STREET

LA UR TRA IE BL VD IL .

14 STREET

WC HIL D

32 Ave

16 AVENUE

16 AVENUE

12 AVENUE

SOUTHEAST COMMUNITIES RIVE RIAL D

MEMO

RIAL D RIVE

36 STREET

MEMO

17 Ave

13 REGATTA

BY BROOKFIELD RESIDENTIAL

52 STREET

ELBOW DRI VE

BLACKFOOT TRAIL

17 Ave

109 Auburn Meadows Dr. SE

14 BOULEVARD TOWNES

BY BIRCHWOOD

MacLEOD TRAIL

116 Quarry Park Way SE

GLENMORE TRAIL

09

14

ANDERSON ROAD

DEERF

18 THE GATES

BY REMINGTON DEVELOPMENT CORPORATION

02 11

16 AIL

TR

17

12

LEO AIL

07 03

20

13

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06

22

AUBURN BAY

SETO

13

15 LEGACY

MAHOGANY

10

16

CRANSTON

05 WALDEN 01 04 23 26 24

W ST. 52

D TR

VITT

McKE

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CHAPARRAL

COPPERFIELD

TRAIL

N F LOR UIS O

MARQ

6 Mahogany Terrace SE

347 MacKenzie Towne Gate

NEW BRIGHTON

M

K PA RK

Mac

S JAME

SHAWNESSY BLVD.

114 AVE SE

TTO BO

08 CR21 EE

16 SANDGATE

17 MOSAIC MIRAGE

BY BROOKFIELD RESIDENTIAL

OOT T RAIL

W BO

FISH

84 STREET

18

52 STREET

19

SOUTHLAND DRIVE

52 Legacy Gate SE

BARLOW TRAIL

GLENMORE RESERVOIR

15 LIVINGSTONE TOWNES

BY TRICO COMMUNITIES

D. BLV

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

Move in today!

Condos starting from $169,900 www.copperfieldpark.com 403.723.0094

MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 15

Property Profile | BROOKFIELD RESIDENTIAL

Brookfield Residential launching

Regatta in Auburn Bay in March Location

Auburn Bay Builder

Brookfield Residential Development

Regatta Home Type

Condo Sales Centre

109 Auburn Meadows Drive SE Contact

403.462.1396 RegattaAuburnBay.ca

16 YPNEXTHOME.CA

BROOKFIELD RESIDENTIAL is launching its newest offering in Auburn Bay in March providing an opportunity for condo buyers to experience upscale living at an affordable price in an established lake community.

Brookfield Residential is excited to celebrate the grand opening of its presentation centre and showsuite on March 19 and launch sales for Regatta, which will consist of 168 apartmentstyle condos in three, four-storey buildings and 56 townhomes.

“We’re launching Regatta on March 19 and we’ll be bringing a fresh start to your weekend with a morning event, from 10 a.m. to 2 p.m.,” says Kelly Halliday, business development manager. “We’ll have gourmet coffee and

pastries, fun games and a surprise or two for people taking a look at the development. With a radio remote from Country 105, it’s sure to be a great time to see one of the most exciting condo developments in the southeast.

“We’ve had strong registration to Regatta’s website with people who are excited to learn more about the development and see our showsuite,” she says. “The showsuite is a great way for homebuyers to picture themselves in their future home! People love the location and are eager to attend the upcoming launch.”

Regatta is Brookfield’s fourth multifamily project in Auburn Bay, but its first apartment-style condo. The first building will have 48 condos offering nine floor plans, ranging from 552 to more than 1,000 sq. ft. and priced starting from the upper $100,000s for one-bedrooms and in the mid $200,000s for two-bedrooms.

“This development really appeals to our first-time homebuyers, who may be renting or living with family, and are looking to put down roots and call something their own,” Halliday says.

“We’re also seeing people looking to downsize or move into a smaller home, and who want to stay in the area that they’ve loved for so long.

Regatta is a low-maintenance home, so you can really free up time to spend with your family and friends.”

One of the most unique features Regatta offers is Co-Gen Energy, or combined heat and power, “which takes advantage of the thermal energy

produced while producing on-site electricity to provide hot water and heat for the building,” Doug Owens, director of operations, explains.

He notes the benefit to residents is three-fold: “It provides energy resiliency, limiting the effects of volatile energy prices and protects residents, translating into cost savings; it reduces greenhouse gas emissions; and, if there is a power failure in the city, it will provide power and heat in the building.”

Buyers will also appreciate the high standard specifications of the interiors that include quartz countertops in the kitchen, maple cabinets, stainless steel appliances, tile backsplash, vinyl plank flooring in main living area, tile floors in the bathrooms and laundry room and they can choose from three colour boards.

Every kitchen features an island or peninsula with breakfast bar seating, and each suite has a balcony with

a gas line and in-suite laundry with stacked front-load washer and dryer. The building offers secured, underground heated parking and above ground stalls.

Residents will enjoy onsite amenities of a bocce ball court, dog wash station and a large courtyard area, plus having access to all the best of Auburn Bay, such as the lake and the residents’ association.

Regatta offers an attractive location with close proximity to Stoney Trail, 52 Street and Deerfoot Trail. It’s across from Auburn Station that will be anchored by a Co-op and include the future LRT, and close to shopping in nearby Seton.

For more information on Regatta in Auburn Bay, visit the presentation centre and showsuite at 109 Auburn Meadows Drive S.E., Monday to Friday 2 to 8 p.m., and weekends and holidays noon to 5 p.m.

MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 17

Advice | CONTEMPLATING CONDOMINIUMS

“Conversion” condo bargains But take a little extra care

By Linda Palfi

MORE ADVICE ONLINE ypnexthome.ca/news/advice

FOR THOSE WHO CANNOT afford

brand-new condominium homes, bargains are sometimes possible with “conversion” condo developments.

Existing rental apartment buildings and townhouses can be surveyed, with each suite or townhouse being granted a certificate of land title. They are then “converted” to condominium homes for individual sale.

These developments create affordable opportunities for people who might otherwise always rent to become homeowners. Yet, because conversions change the legal nature of existing buildings, the structure and mechanical systems can be as much as 100 years old. Historic apartment buildings, churches and warehouses can become funky condo apartments or lofts.

Home shoppers should balance the lower prices of conversion condos against the future expense of maintaining an older building.

Before signing, or during the 10-day “rescission” period, the buyer should learn how the building was originally constructed, what modernization has been done, and what may still need repair or replacement in future.

A measure of diligence is required, compared to buying a new or resale condo. In the first case, of course, it’s brand new, and likely comes with a new-home warranty. In the case of an existing resale condo, there is a history of reserve-fund saving, spending, and minutes of board and annual general corporation 18 YPNEXTHOME.CA

meetings that will disclose what mechanical issues exist, and what’s being done about them. In the case of conversion condos, there are disclosure requirements in the Condominium Property Act, but there’s no history available of how the building was built or maintained over the decades.

There’s also a limit to potential savings when buying a conversion condo. The myth is that refurbishing old buildings is cheap. In fact, the cost of meeting modern building and fire-safety codes can be staggering.

Some conversion condo homes, especially loft-style, can cost more than brand new construction. Yet most conversions are of modest buildings, decoratively upgraded for sale, leaving some mechanical issues for the home buyers to deal with when they are owners. If developers fixed everything, the price of the condo homes would be out of reach, and then the “substantial renovations” (federal tax law) would even require payment of GST on each home’s sale price. Of course, we don’t want that.

Good value is definitely possible for buyers of most condo conversion developments. Yet buyers need to know the nature of the construction and the age of the mechanical systems that were left in place. A realistic reserve fund needs projection is always important, but even more so for conversion condos. Here are some questions I ask on behalf of my buying clients. » Was the building a rental property with low-quality original construction, or was it a condo development that failed to sell in the recession of the 1980s, and so became rental? » Is the structure concrete or wood?

If it’s wood, is it wooden two-by10-in. floor joists or structural floor joists? Are the floors covered with

some sound-deadening concrete? Is there insulation between floors? Are suite walls and hall walls double-wall systems or single? » Even concrete post-and-slab buildings rarely have concrete between suites, so see the above point again. » If concrete, is it reinforced with rebar rods or “post-tensioned” cables? If the latter, read the current engineering assessment of the cable systems. Confirm that CMHC will insure mortgages in the development, because that agency is shy of unmonitored P-T cable systems in condo buildings. » How old are the elevator, the various piping systems, the heating boilers or furnaces, make-up air system (for hallways), roof, paving and sidewalks? What of these was replaced, patched or left untouched? » Is a professional and realistic study in place to project further needed work, and are condo fees adequate to fund those projects? Is the developer putting some of the buyers’ money into the reserve account to give them a start? Will special assessments likely be needed in future to cover such additional costs?

While “buyer beware” always applies, the physical situation is more complex in a conversion building than in new construction. While a saving can be obtained over new construction, that’s balanced by more uncertainty and somewhat higher condo fees for the additional maintenance and capital reserve that older buildings require.

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

A Man Walks Into An Alberta Bar…

...and sits down between two strangers. They

measure of choice, today’s buyers are choosing

get talking and he mentions he is thinking about

from an additional 6,000 MLS listings (Canadian

buying a home. His two new friends then turn to

Real Estate Association) and 1,200 move-in

him and say, “Don’t do it.”

ready, new housing units (Canada Mortgage and Housing Corporation).

Recent statistics indicate that these conversations are currently playing out this way across the

If oil prices have taught us anything in the last

province as 66% of Albertans reported in January

year, it’s that greater supply leads to greater price

that they do not believe now is a good time to

flexibility and so homebuyer bargaining power is

buy a home (Conference Board of Canada).

stronger today as well. Ultimately, if the idea of

Interestingly enough, had this conversation taken

lowering home prices is convincing Albertans that

place one year ago, this potential buyer would

buying conditions are worse, well, it shouldn’t.

have found more support for making a major

As it stands today, the general expectation for

purchase as only 48% of Albertans thought that

the province’s real estate market moving forward

it was a bad time to buy in January 2015.

consists of lowering levels of market supply and more balanced market conditions between

One can argue that a lot has changed since

buyers and sellers. This shouldn’t come as a

then, from political landscapes to economic

surprise if you’ve been following new housing

expectations, etc. However, when you look at

starts in the news.

the question as to whether or not it’s a good time to buy a home in Alberta, you have to wonder

Now, with all of that being said, the standard

what people are basing their opinion on today?

home-purchasing rule about feeling comfortable with one’s financial capability to handle a

In reality, Alberta’s housing market is more of a

mortgage over its term still applies today. So if

buyers’ market today, by comparison to one year

you’re feeling confident from this aspect, then all

ago, by every defining measure. For instance, by

jokes aside, today is a good day for you!

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.

intelligencehouse.ca From left to right: Emmett Hartfield Alex Ruffini Michael Melnychuk

FOLLOW US ON

Our Calgary office is now open!

Zen

Zen CG20160219.indd 1

18/02/2016 09:39

Trending

5 reasons 2016 is a good year to buy a home in Canada

MORE TRENDING ONLINE ypnexthome.ca/news

By Wayne Karl WHY IS 2016 A GOOD YEAR TO BUY A HOME IN CANADA? Let us count the

ways.

1. Low interest rates In its latest rate announcement on Jan. 20, the Bank of Canada held its target for the overnight rate at 0.50 per cent, citing a setback brought on by a decline in oil and commodities prices.

BoC expects the economy to grow by about 1.5 per cent in 2016 and 2.5 per cent in 2017.

Some experts, such as Benjamin Tal, deputy chief economist at CIBC World Markets, even anticipated the Bank would reduce the rate. Though it didn’t happen then, he still expects interest rates to remain low through 2016, if not fall.

At least one lender, in Ontario, even recently introduced what it says is the lowest posted fixed mortgage rate on the market – at 1.69 per cent for a one-year term.

The BoC’s next rate announcement is March 9.

2. The upside of down prices When the The Canadian Real Estate Association (CREA) released its latest statistics on Feb. 16, one number jumped off the page and into the headlines: 17 per cent – the rate by which the national average sale price rose on a year-over-year basis in January.

“Holy,” prospective homebuyers might have thought, “how will I ever be able to buy a home if this keeps happening?”

The key thing to look for when you see such news, however, is what’s happening in your market. Real estate is local, not national. You don’t buy the Canadian market, or even a provincial or regional one. You buy one home in one location.

Excluding British Columbia and Ontario from CREA’s January stats, the national average sale price actually declined slightly, by 0.3 per cent.

Economies and housing sectors in markets such as Calgary, Edmonton and Saskatoon are feeling the pinch of the extended slowdown in oil and gas.

For existing homeowners, of course, this isn’t great news, as average home prices in Calgary dropped 3.05 per …continued on page 24

SHOWSUITE NOW OPEN!

READY TO RIGHTSIZE! { SIZED RIGHT. PRICED RIGHT. }

This is the opportunity you’ve been waiting for. You CAN have it all.

Whether you’re an empty nester looking for something smaller, or a renter trading up, it’s time to make your move. Livingstone Townes, offering affordable, low maintenance living so you have time to do the things you really want to do.

Starting From The

s ’ 365

$

*

Plus GST

• • • • •

NO CONDO FEES

Pet friendly Double garage Low maintenance Private yard with deck & landscaping Flexible Down Payment Plan Available

*Rendering is artist’s concept only and may be subject to change. Price subjects to change without notice. E.&.O.E.

VISIT OUR SALES CENTRE AT 52 LEGACY GATE SE • 403.460.7930 • www.livingstonetownes.com

DATE:

F I L E

N A M E S

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cent year-over-year in January; in Saskatoon, they fell 2.11 per cent.

For prospective buyers, however, this means opportunity.

Naturally, buyers might not too jazzed about getting in when prices are dropping, fearing their home’s value will go down after they purchase.

But look at the longer term. In Calgary, prices have increased 14.29 per cent over the last three years; in Saskatoon, 2.07 per cent.

Home Price Index Benchmark Price January 2016

% change 1 month

% change 12 months

% change 3 years

BC Lower Mainland

MARKET

$681,500

1.8%

19.6%

28.22%

Greater Vancouver

$775,300

1.76%

20.56%

31.58%

Calgary

$444,000

-0.93%

-3.05%

14.29%

Regina

$281,600

1.27%

-0.68%

-7.69%

Saskatoon

$303,100

-0.48%

-2.11%

2.07% 27.44%

Greater Toronto

$578,400

0.74%

10.69%

Ottawa

$328,400

0.07%

1.10%

1.59%

Greater Montreal

$302,000

-0.25%

1.48%

4.04%

Greater Moncton

$159,900

0.67%

6.57%

7.16%

CANADA

$512,600

0.60%

7.73%

18.71% SOURCE: CANADIAN REAL ESTATE ASSOCIATION

3. The hot gets hotter The Toronto and Vancouver housing markets continue to roll along, recording record sales and prices. If you live there and you’re fortunate enough to be able to buy, particularly in the lowrise category, the forecasts for 2016 are for more growth.

Again looking at the CREA’s stats for January, B.C.’s Lower Mainland and the GTA contributed most to the national increase. Greater Vancouver (20.56 per cent) and the Fraser Valley (16.94 per cent) posted the largest gains, followed by Greater Toronto (10.69 per cent).

Longer-term performance for these markets is off the charts. Greater Vancouver average home prices rose 20.56 per cent in the last year, 31.58 per cent over the last three years. For the GTA, the figures are 10.69 and 27.44 per cent, respectively.

24 YPNEXTHOME.CA

Housing starts – an important indicator of economic health – continue to hum along in Ontario, up slightly in January, according to Canada Mortgage and Housing Corp.

Vancouver’s are a little more challenged, holding steady overall, but increasing in single-detached starts and declining slightly in multifamily units in January.

4. History is on your side Have you ever heard the adage, “Don’t wait to buy real estate, buy real estate and wait,” but aren’t sure what it means, exactly?

While there are no guarantees, in short, real estate in Canada is a proven performer over time.

Sure, Vancouver and Toronto have shown the most spectacular historical growth, but even unsung markets in

eastern Canada have performed well over time, thank you very much.

5. Spring is around the corner Spring in real estate is typically “busy season.” While it’s largely been a mild winter in much of Canada, the warmer weather and longer days generally encourage more activity in the market. Those who were thinking of selling but delayed through the winter months might now throw up that “For Sale” sign.

Those looking to buy are similarly more enthused about getting out and looking around when the weather is nicer, and when, coincidentally, listings usually increase.

Even on the new-home front, builders often use the spring season to launch new developments, and to add incentives for any remaining inventory in existing communities.

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Pathways wind throughout Cranston, connecting green spaces and playgrounds, Fish Creek Park and more than 100km of trail.

With a grocery store, coffee shop, bank, gas station, and restaurants just steps from Origins at Cranston, your weekend errands just got a lot easier!

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Glas CondoGuide 20160219.indd 1

18/02/2016 09:34

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NOSE HILL PARK

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CALGARY INTERNATIONAL AIRPORT

64 Ave

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771 Patrick St. S.W.

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17 Ave

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07

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08 ALEX

BY ASSURED COMMUNITIES

Presentation Centre: 2719 14th St. SW

ANDERSON ROAD

DEERF

OOT T

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98 Mission Road SW mission34.ca

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BY STREETSIDE DEVELOPMENTS

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SOUTHLAND DRIVE

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Condos from the low $100’s www.mylegacypark.com 403.931.8558 MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 29

09:34

Advice | CALGARYISM

3 reasons to buy a home in Legacy

By Cody Battershill

MORE ADVICE ONLINE ypnexthome.ca/news/advice

HAVE YOU THOUGHT about

purchasing a new suburban home in Calgary lately? If so, it could be advantageous for you to buy in today’s market conditions in a place such as Legacy, for example – a fairly new community in southeast Calgary with much to offer.

Here are three reasons why you should consider buying a piece of real estate in Legacy.

1. A property type for everyone West Creek Developments latest community project has been a huge hit for people from all walks of life because of the variety of real estate and price ranges it has to offer.

It could be a one-bedroom, onebathroom condominium that you are looking for as a first-time homeowner or perhaps you and your young family would like a step-up home with some more space. It could be that you are an empty nester looking to downsize to a townhome or just want more out of your place and prefer a semi-estate upscale property with a walk-out basement on the ridge.

Whatever your desire may be, chances are that you can find that type of property in Legacy and it will be selling at a competitive market price.

Also, there aren’t just one or two home builders currently operating in Legacy, but several, each with their own unique style of floor plans and interior/exterior designs.

This ensures you can find a home that will suit your wants, needs and lifestyle best.

30 YPNEXTHOME.CA

2. Easy access to prairies, foothills and mountains You might prefer living in edge-oftown suburban areas like Legacy because you work outside of the city and such a location makes it easier getting there and back. Maybe you just simply love the quick-and-easy access to the great outdoors and the recreational opportunities that places like Kananaskis Country have to offer.

Either way, Legacy’s brim-of-thecity location makes it as simple as jumping onto Hwy. 22X or Stoney Trail to reach places such as Airdrie, Bragg Creek, Canmore and other destinations outside of Calgary with minimal or no delay because you avoid basically city traffic all together.

3. Abundance of nearby amenities Legacy may be on the brim of the southeast quadrant, but it definitely is in no shortage of nearby amenities and services.

Places such as Shawnessy Shopping Centre, 130th Avenue SE and the South Health Campus are but a few minutes’ drive away, while

up and coming amenities like those being built on Seton Boulevard SE to accommodate Auburn Bay and Mahogany residents are just as close – if not closer than the previous ones mentioned.

Let’s not forget about Fish Creek Provincial Park and its nearly 14 square kilometres of outdoor park area that includes a man-made lake (Sikome Lake), trails of all sorts, picnic areas and more. Find it all within a short drive from your front door step in Legacy.

Over the years, Legacy has grown into a thriving family-oriented community where families are choosing to stay for the long term.

Is it time to make this neighbourhood your new home?

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 FR OM $ 2 9 4 ’S TO $ 1 . 7 M

Condo Guide _Feb 2016.indd 1

2/24/2016 11:55:28 AM

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 1750 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

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■ ■ ■ into your home easier with our DOWN PAYMENT SAVINGS PROGRAM ■ ■ ■ an improved QUALITY OF LIVING with included amenities like gyms,

courtyards, parks, party rooms and more

■ ■ ■ a smooth transition with our complimentary MOVING VAN ■ ■ ■ help selling your home for the best possible market value: ■ ■ ■ one year JAYMAN SERVICE WARRANTY ■ ■ ■ to save money on LEGAL FEES AND DISBURSEMENTS

Condo Guide _Feb 2016.indd 2

2/24/2016 11:55:34 AM

Cond

4 AM

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 _Feb 2016.indd 3

2/24/2016 11:55:40 AM

------ N E W ------

IN !

E V IL O M PR A

CHOOSE OPTIONS AT DESIGN CENTRE

NEW SHOWHOME NOW OPEN

2 & 3 bedroom townhomes with single, tandem and double heated garage 15,000 SQ FT CENTRAL GREEN SPACE AMENITY TOT LOT, PATHWAYS AND BENCHES...

2 bedroom from $315’s | from $1387/month 3 bedroom from $343’s | 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 _Feb 2016.indd 4

2/24/2016 11:55:46 AM

Cond

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 $316’s | from $1400/month 3 bedroom from $353’s | from $1565/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 _Feb 2016.indd 5

2/24/2016 11:55:54 AM

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 $333’s | from $1472/month 3 bedroom from $353’s | from $1586/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 _Feb 2016.indd 6

2/24/2016 11:56:00 AM

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--- 3 N E W --SHOWHOMES NOW OPEN

BUILDING 1 95% SOLD

BUILDING 2 81% SOLD

BUILDING 3 33% 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 $454’s 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 _Feb 2016.indd 7

2/24/2016 11:56:04 AM

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 _Feb 2016.indd 8

2/24/2016 11:56:09 AM

Cond

9 AM

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 March 2016 with occupancy September 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 March 2.5% (consolidation - approximately 10 days)

Remaining 8,514 staggered monthly until last payment 45 days prior to possession April 1702.80

Condo Guide _Feb 2016.indd 9

May

1702.80

June

1702.80 July

1702.80

August

1702.80

2/24/2016 11:56:15 AM

IN ES E V W! OM O H M NOECT L N

SE

NO CONDO FEES FOR 1 YEAR 5 YEAR FIXED

O

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501 River Heights Drive, Riversong Cochrane jayman.com/rise Condo Guide _Feb 2016.indd 10

2/24/2016 11:56:24 AM

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PRE REGISTER FOR GRAND OPENING EVENT

Introducing Motif Townhomes, the latest in a distinct line of 2 & 3 bedroom Townhome communities by Jayman Modus.

Opening March 2016 Register at jayman.com/motif

12313 Redstone Street NE jayman.com/motif Condo Guide _Feb 2016.indd 11

2/24/2016 11:56:32 AM

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

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IL N

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OLD BANFF COACH ROAD

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BY CARDEL LIFESTYLES

EDMONTON TRAIL

AG AN SH

SE NO

Y TR

ENU

14 ST RE ET

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AIL TR NA PI

R. LD HIL

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08 CARNABY HEIGHTS TOWNHOMES IN NOLAN HILL

BY JAYMAN MODUS

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SYMONS VALLEY PKWY

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ROCKY RIDGE BLVD.

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VITT

McKE

ypnexthome.ca

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MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 33

Neighbourhood Profile

Sunnyside-Kensington A welcoming and thriving community

Fast facts

By Kait Kucy Family composition FAMILIES

COUPLES

SINGLES

54%

34%

12%

Own vs. rent

65% OWNERS

35%

MORE PHOTOS ONLINE

RENTERS

ypnexthome.ca/sunnyside-kensington

Average household income SUNNYSIDE AND KENSINGTON are

two of the most beautiful inner-city neighbourhoods you will find in Calgary. Steps away from the Bow River, residents find themselves in nature with an incredible view of downtown Calgary. This vibrant and bustling community is overflowing with great coffee, amazing food and fantastic retail.

Lifestyle Sunnyside-Kensington has a vibrant and cultural lifestyle that encourages residents to be active and get outdoors with their family. It is a small-business owner’s paradise with a lot of support from the Business Revitalization Zone and other retailers. With its wide selection of great restaurants and cafes, you can expect to see the rest of Calgary flocking to this foodie hub on a regular basis.

Vibe People often describe the area as half yuppies and half hippies — an exaggeration, perhaps, but the mix of luxury shops and high-end dining with indie coffee and consignment shops furthers that thought.

34 YPNEXTHOME.CA

Meet the neighbours Baby boomers meet hipster barisatas with a healthy dose of young families, resulting in a diverse, vibrant and cultured community. The area houses higher income professionals, while young artists and musicians also choose to call it home. An abundance of parks and schools make this area desirable for families that are active and passionate about living in a welcoming and flourishing community.

In the area Living in this area is more expensive than other inner-city neighbourhoods.

However you can still afford to get great food and coffee for a decent price. The Safeway grocery store is among the most expensive locations in the city, but the frequent local markets make it easy for consumers to buy produce directly from its source.

Planes, trains & automobiles Sunnyside-Kensington is excellent for utilizing Calgary’s public transit system, with bus and train services catering to residents and visitors. A thriving cycling community means bikes are

$74,946

V

Car type

1 TOYOTA 2 HONDA 3 FORD SOURCE: ENVIRONICS

more visible on the roads and plenty of bike racks are dispersed throughout the neighbourhood. Cars are also welcome, thanks to the very busy 10th Street, but good luck trying to find parking in the area.

Real estate The real estate market is booming in Sunnyside-Kensington. Beyond the beautiful heritage homes that inhabit most of the area, there are many renovation projects in the works along with brand new condo developments.

There is also a fair amount of midcentury walk-up apartments that are ideal for renters. However, finding the right home might take some time due to low vacancy throughout the inner city.

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Inspiration | STYLE FILE

SWEET DREAMS

By Kait Kucy

IF YOU ARE LOOKING FOR SWEET DREAMS, you’ll find that they are not necessarily a product of your imagination but in fact made of soft linens, high thread count sheets and down feathered pillows.

There is nothing quite like ending a day by retreating to your own personal oasis; a warm nest-like haven stocked with throw pillows, woollen blankets and cosy pajamas.

The luxury of a bed well-made is not an impossible feat — in fact just by following a few simple guidelines and picking up a couple of bedtime essentials, you’ll have all of the bragging rights for a bedroom worth talking about.

The mattress is always a great place to start. Life is too short to spend your time sleeping on an uncomfortable mattress. Studies show that we spend approximately 33

per cent of our lives sleeping, so you might as well find something that works for your lifestyle and provides comfort and warmth to you on a nightly basis.

For exceptional relaxation, consider natural and breathable organic materials that keep you cool and comfortable while you slumber. Visit mattress stores and spend some time relaxing on their samples. Get the full run-down on what makes a mattress the right fit for your needs. You need to find a mattress with the right firmness, the right amount of give and the perfect support for your frame. Pocket coils, pillow-top, latex, boxspring — you’ll have to try them out and see what is best suited for you.

Next up, you’ll want to invest in soft and comfortable sheets. With millions of options out there it is normal to …continued on page 40

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ONLINE …continued from page 36

How to host a condo party

MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration

feel overwhelmed by the choices — and specifications like thread count. Thread count refers to the number of threads per square inch of fabric. Traditionally, we’ve been told to purchase sheets with as high of a thread count as you can afford.

Thanks to new innovations in the bedding industry, natural fibres like bamboo, linen and cotton can be just as luxurious as a 1,500 thread count Egyptian cotton bed sheet.

You’ll want to get the right shapes and dimensions to coordinate your pillow shams, bed runners, sheets and duvet covers.

Which brings up the question about investing in a down duvet — are they worth the hype? It’s actually more than just hype, down has some incredible properties that make it the perfect material for a blanket option.

Down will keep you warm and cozy, while allowing your skin to breathe while you sleep. They are also very durable and will retain their shape much longer than a synthetic option.

The same goes for down pillows and cushions.

Creating a space that reflects your personality and taste is just as important as your comfort. You want to accessorize well, and create

layers of bedding, pillows and covers.

You want to introduce just the right colours and patterns to ensure your room is in line with your style, but is also a soothing and relaxing space for sleeping. Some people prefer bright colours, some prefer layers of tones. The all-white bed is always in style, while the ever-changing array of popular patterns change with the seasons. A great way to mix trends with your classic favourites is through the accessories. Add a throw with a pop of colour. Pick a patterned flat sheet with a coordinating solid fitted sheet. Go monochromatic with different shades of the same colour or go big and bold with patterns that work well with each other. This is where your taste can be satisfied.

You may even want to consider customizing some elements to tie it all together, though there are a great many solutions straight off the rack.

The bedroom has become so much more than just the place you catch your six to eight hours of sleep, it has become a second living room in the home. Many people use it as a place to relax, to read or to work — ultimately the products you choose to live with should reflect your personal and comfort needs.

Kait Kucy is a lifestyle and travel writer and blogger for online and print publications in Canada and the U.S.

Lets face it, having a party in a condo can be rough — you’re tight on space, and even if you have the culinary skills, your condo kitchen may not have the equipment needed to make good appetizers and meals.

One of the most convenient aspects of living in a condo, however, is that you have full access to a party room, so you don’t need to worry about hosting a large number of guests; your furniture can remain untouched for the night, you’ll have added space to serve treats, and you can even hire people to do all the hard work for you.

If you’re living in a condo and have the added bonus of having a party room, you may as well take advantage of it. Watch the video to see Matt Binkley from Culinary Search Group give us some tips and tricks for hosting a fantastic condo party using a pro chef or culinary instructor.

Watch the video online. Chef Matt Binkley from Culinary Search Group offers great suggestions for condo entertaining.

ypnexthome.ca/condo-party 40 YPNEXTHOME.CA

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Park Point wins two silver awards at International Builders’ Show

42 YPNEXTHOME.CA

6 AVE N

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PARK POINT reflects a design that is modern, sleek and timeless

lifestyle in the thriving and evolving Beltline. Residents will enjoy firstclass views toward the Rocky Mountains, Central Memorial Park and the striking downtown skyline and beyond.

While Qualex-Landmark usually utilizes existing retail space in a building to create a discovery centre, Park Point’s was custom designed and built from the ground up. The interiors were carefully planned and designed to create a comfortable and immersive environment that is both attractive and informative to the homebuyer searching for a trueto-life experience before making an informed purchase decision. The presentation centre was the result of the extensive collaboration between multiple design specialists with expertise in creative design, interior design, architecture, signage, digital visualization, AV and lighting design.

Park Point has been recognized for its interior merchandising, winning silver in Best Interior Merchandising of a Model under $350,000. Park Point reflects a design that is modern, sleek and timeless. All kitchens come standard with a granite slab

countertop and backsplash. The premium finish is available in three designer colour palettes. Designed to promote functional living, the merchandise in Park Point’s show suite intensifies and contrasts with the striking granite slabs and finishes of the kitchen and bathroom.

“The real granite slab countertop and backsplash is a very unique kitchen feature and has been a huge hit with our homebuyers,” says Jordan Beach, vice-president, sales and service, Qualex-Landmark. “The performance and arrangement of this home was about creating a smaller space that is efficient and would appeal to first time homebuyers and the younger demographic. This came down to the careful placement and scale of furnishings, which complement the cabinetry, appliances and hardware throughout the suite.”

Park Point is the sixth downtown Calgary residential condominium tower in the Qualex-Landmark group portfolio in Calgary. It features one-, two- and three-bedroom condos, street-level live-work townhomes and penthouses, and will further diversify Calgary’s centralized, higher-density, mixed-use residential neighbourhood. Construction on Park Point is anticipated to be complete by mid-2018.

The NAHB International Builders’ Show is the largest annual residential housing construction trade event for manufacturers and suppliers of home construction products and services in the United States.

GREYHOUND BUS TERMINAL

23 AVE S

26 AVE S

PHOTO COURTESY OF QUALEX-LANDMARK™

QUALEX-LANDMARK WAS awarded two accolades at the International Builders’ Show in Las Vegas.

Presented by the National Association of Home Builders (NAHB), Park Point won two silver awards for Best Presentation Centre and Best Interior Merchandising of a Model under $350,000. The two accolades further strengthen Qualex-Landmark’s award-winning portfolio.

Located in the heart of Calgary’s Beltline and rising 34 storeys, Park Point is the newest residential tower addition to Qualex-Landmark group’s portfolio and represents $110 million in downtown Calgary real estate value. Park Point features 289 homes and is located in heart of Calgary’s rapidly evolving, amenity rich, centralized and diverse urban City Centre, on 12th Avenue and 2nd Street S.W. Its presentation centre consists of two meticulously planned and furnished display suites that reflect its high quality design.

“I believe it was our meticulous attention to detail against our competitors across North America that granted us a silver medal for Best Presentation Centre,” says Parham Mahboubi, vice-president, planning and marketing, Qualex-Landmark. “If you’ve been inside our presentation centre, you’ll be immersed in a strikingly elegant and welcoming space that demonstrates the premium quality finishes of the future Park Point residential tower. These finishes, along with the simulated views from the model suite, offer homebuyers a glimpse of what downtown living is about.”

Situated across from the historic Central Memorial Park, one of Canada’s oldest urban parks, Park Point offers an active and carefree

INNER CITY 12 KENSINGTON

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6 AVE N

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PHOTO COURTESY OF QUALEX-LANDMARK™

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13 FIRST

BY FRAM + SLOKKER

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VE 4A

MILLENNIUM PARK

Sales Centre 921 - 1st Ave. NE

19 CONVENTION CENTRE

9 AVE S

17

CITY HALL

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07

1 ST E

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26 AVE S

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MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 43

Advice | MORTGAGE ADVICE

The 5 biggest mortgage mistakes to avoid

By Alyssa Richard

MORE ADVICE ONLINE ypnexthome.ca/news/advice

NOW THAT YOU’VE decided to buy a home, there are numerous steps in the process you’ll have to follow.

When it comes to getting a mortgage, it could cost you in the long run if you make a mistake or two.

To help you save money and avoid potential problems down the road, here are some mistakes you should avoid:

1. Not knowing your credit score/rating Lenders love borrowers with a good credit rating. They’re often the ones who pay their bills on time, don’t use a large percentage of their available credit, and have different types of credit, such as a credit card, car loan, and line of credit. If you have good credit, you should be able to qualify for the best mortgage rates. But if you have bad credit, expect to get a mortgage with a higher interest rate. Not sure of what your rating is?

You can get your credit score from Equifax or TransUnion.

2. Not being pre-approved for a mortgage If you’ve been looking at properties for a while, you might suddenly find the perfect home. But it’s possible you won’t be able to afford the place. That’s why it’s best to get preapproved for a mortgage so you’ll know how much you can afford.

Many lenders will guarantee your pre-approved rate for a period of 44 YPNEXTHOME.CA

between 60 and 120 days. That’ll give you time to find a property in your price range.

3. Not shopping around a mortgage If you think you’ll get rewarded with the lowest rate from your financial institution because you’ve been a loyal customer for a number of years, think again. Your institution may not have the best rate while a rival across the street might have a lower rate.

You should do some comparison shopping on a site like RateHub.ca before getting a mortgage. You can also hire a mortgage broker who can do all the legwork at no cost to you.

4. Not making more payments No one really likes to carry a large mortgage. Typically, mortgage payments are made on a monthly basis but there are ways to pay it off faster by using accelerated biweekly payments. For example, if you have a $400,000 mortgage with a 25-year amortization and make monthly payments, your mortgage

won’t be paid off until 2041. We used RateHub’s mortgage payment calculator and found if you make accelerated payments, you’d pay off your mortgage nearly three years earlier and save about $15,000 in interest. Also, most lenders allow you to make lump-sum payments, which will let you pay your mortgage down faster and save you thousands of dollars in interest.

5. Not preparing for extra costs Buying a home can end up costing a lot more than you’d expect. First, there are closing costs, which include legal fees, title insurance and the land transfer tax. You might also need to reimburse the seller for the property taxes and utility bills they’ve already paid. These costs will add up to from anywhere between 1.5 and four per cent of the property’s purchase price.

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.

MOVE IN FALL 2016

The Developer reserves the right to make changes and modiďŹ cations to maintain the high standards of these homes. Square footage and measurements are approximate. E&OE.

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

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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

46 YPNEXTHOME.CA

ONLINE

Multifunctional spaces: Rooms that serve a dual purpose While some spaces in a home are typically allocated their own room — like a walk-in closet or an office — there are ways to design a space so that it serves a dual purpose. Here are our top picks for how you can kill two birds with one… room.

Closet/guest bedroom Ever dreamed of using an entire bedroom as a closet, but figured you’d need the space as a guest bedroom as well? Here’s how you can satisfy both needs: make your spare room into the walk-in closet you’ve always dreamed of having, but add a futon or even a murphy bed. Voila! You have yourself a walk-in closet that works as a guest bedroom part-time.

Office/spare room Ladders are one of the latest decor crazes — and they can serve multiple purposes. If you need some extra space for overnight

guests, try adding a mattress overtop a room with a quaint ladder, and you have yourself a functional — and hip — loft bed.

See Sonia Bell’s full list of dual purpose room ideas online. Read the full story…

ypnexthome.ca/dual-purpose

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48 YPNEXTHOME.CA

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MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 51

Trending

Mattamy Homes becomes major partner with Cycling Canada MATTAMY HOMES, North America’s largest privately owned home

builder, has become a Tier 1 partner with Cycling Canada.

Through a one-year partnership, Mattamy Homes will provide critical program funding for Canada’s National Track Cycling team as they prepare for the 2016 Olympics in Rio de Janeiro. Mattamy’s support will help to deliver technical and logistical services and sport science, as well as year-round accommodation for Canadian team athletes near the velodrome in Milton, the Mattamy National Cycling Centre.

Mattamy and its founder and CEO Peter Gilgan played vital roles in the development and construction of the Mattamy National Cycling Centre, which hosted the Toronto 2015 Pan-American Games last July.

The facility, Canada’s only UCI-approved 250-m indoor velodrome, is the home training base for Canada’s National Track Cycling program and has become an invaluable asset for Canada’s cyclists.

“It takes passion and dedication to compete at the level that our national track cycling athletes do, and we’re very proud of all of them for their commitment,” says Gilgan. “To succeed, it also takes financial support and access to world-class training and facilities. At Mattamy, we’re very pleased to be able to continue to be associated with cycling excellence as we support our national team on their road to Rio.” Also on hand for the announcement was three-time Olympic medalist Curt Harnett, as well as members of the Canadian National Cycling Team, who were preparing for the UCI Track Cycling World

DREAM BIGGER

MORE TRENDING ONLINE ypnexthome.ca/news

Championships, March 2 to 6 in London.

“With the velodrome now in place, it is fantastic to see the private sector partners once again stepping up to ensure that the athletes have the programs and resources required to fully capitalize on the facility,” says Harnett. “Mr. Gilgan was a clear leader in the development of the velodrome and we’re very grateful for Mattamy’s leadership and support here once again.”

With 2400 square feet of living space, you can afford to dream bigger - much bigger. Your Brookside townhome offers generous floorplans, private fenced yards, double garages and plenty of room to grow. Head west on Yankee Valley Blvd to 24th St. in Airdrie or visit brooksideatbaysprings.com.

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52 YPNEXTHOME.CA

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:

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

Sq. ft.:

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Sq. ft.:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bedrooms:

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# of bathrooms:

# of bathrooms:

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Parking facilities:

Parking facilities:

Parking facilities:

Parking facilities:

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Other comments:

Other comments:

Other comments:

Other comments:

MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 53

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201

NO CONDO FEES FOR 2 YEARS*** DESIGN STUDIO CREDITS STARTING FROM $ 5,000 Madison Showhome Now Open

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

2016-02-18 1:15 PM

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

DE

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

1:15 PM

NORTHEAST COMMUNITIES

U

MARQ

CHAPARRAL CRANSTON

AIL

NE TR

LOR IS OF

COPPERFIELD

ABURN BAY

SEARCH ONLINE ypnexthome.ca

MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 55

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

2.69

2.74

2.99

2.79

2.59

2.84

2.88

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 2.79

2.74 4.79

3.65 2.94

3.64 2.84

3.69 2.79

3.69 2.89

3.04

3.39

2.79

2.99

2.79 2.39

3.34 2.64

3.99 2.79

4.44 2.99

2.29

3.39

2.74

2.94

3.24

3.49

3.69

3.79

6.95op 4.45 4.4 6.70op

6.75op

3.14 6.75op 2.99 6.30op 3.19

TRUST COMPANIES Community Trust Concentra Financial

n/a n/a

Effort Trust

n/a

Home Trust Company Investors Group Trust

2.35 n/a

MTCC

2.7

6.5 5 6.70op 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

3.14 2.89 6.30op 3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op

3.25 2.59

3.95 3.39

4.39 3.89

4.64 4.64

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

6.2 6.40op 3.1 4.25 6.50op 4.2 6.50op

2.84 6.30op 2.29 2.89 6.50op 3.14 6.30op 3.25 6.25op 1.69 6.30op 2.8 2.95op 2.45

2.89

2.95

2.99

2.89

2.24 2.79

2.49 2.89

2.64 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

2.59

2.85

2.95

3.05

3.15

2.55

2.55

2.65

2.65

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

2.4

Parama Credit Union

2.65

Steinbach Credit Union

2.25

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

56 YPNEXTHOME.CA

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Visit our website: MAR 4 - APR 1, 2016 | NEW CONDO GUIDE 57

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26-27

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41

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15

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44

Diseﾃｱo in Sherwood - Landmark Builders Group

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StreetTowns - Homes by Avi

23

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V&V - Providence Developments

49

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37

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Zen Cranston - Avalon Master Builder

21

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GLAS - Avalon Master Builder

The Guardian - Hon Towers Ltd. Jayman Modus Pull out Booklet: Avira, Carnaby Heights, Ebony, Motif, Overture, Rise

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Condos from the low

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Now selling - Visit the Sales Centre today!

Sales Centre: 215 Legacy Blvd SE 403.931.8558 || mylegacypark.com 2:00-8:00pm Monday-Thursday 12:00-5:00pm Sat-Sun/Holidays