Calgary New Condo Guide - Mar 3, 2017

MAR 3 - 31 , 2017 VOLUME 20, ISSUE 3, FREE

CALGARY EDITION

FINE TAILORED

HOMES JUST OFF 17TH STARTING FROM

$229,900

MOVE IN

TODAY

INSIDE THIS ISSUE

7 QUESTIONS TO ASK YOUR HOME BUILDER

DESIGNER ADVICE: STAGING YOUR HOME… TO STAY!

PET POLICIES, AND YOUR NEW CONDO

TOWNHOMES STARTING FROM THE $310’S LUXURIOUSLY APPOINTED 2&3 BEDROOM TOWNS

ALL UNITS ARE MOVE-IN READY IN 2017 VISIT US TODAY

402 Nolancrest Heights NW jayman.com/carnaby-heights

DRESSED TO IMPRESS, BUILT TO PERFORM UNMATCHED VALUE IN NOLAN HILL. OUR BEST TOWN HOMES EVER. Unsurpassed quality only found in a JaymanBUILT. Discover our best 2&3 bedroom town homes in the community you love.

Custom floorplan options, over 100 interior finishes and 3 finishing levels to choose from.

*2.64% with

6-month rate hold

* Based on an insured 5 year fixed term through Jayman Financial.

Terms and Conditions will apply. O.A.C., E&O.E. 5% down payment.

25 year amortization. Rates subject to change without notice.

MOVE MOVE MOVEMOVE

IN MOVE IN IN IN IN SPRING SPRING SPRING SPRING SPRING 2017 20172017 2017 2017 MOVE IN SPRING 2017

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UPSTAIRS

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$ areas main living TOWNHOMES STARTING FROM 703,900

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MAIN MAIN MAINMAIN MAIN

contents MAR 3 – 31, 2017 | VOLUME 20 ISSUE 2

12

ON THE COVER

Grosvenor’s Smith: Prime location in vibrant Beltline property profile

+ online NEIGHBOURHOOD

HOME SEARCH

26 Avalon Master Builder MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

WITH

DYNAMIC MAPS

38

LOOK FOR THE CIRCLE

Launching latest ZEN Community in Redstone

Homebuyers’ help

Seven questions to ask your new home builder

By Lydia McNutt

advice trending

18

Housing market

Regional supply and demand imbalance skews Canadian housing market

By Wayne Karl

28 Housing market

Craft brew pubs you’ll love in Calgary By Ian Doig

14

Calgaryism

Pet policies and your new Calgary condo

By Cody Battershill

20 News and views

When housing markets heat up, cooler heads prevail

By Lydia McNutt

26

VICE PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES

Moe Lalani SENIOR MANAGER, CONTENT

Jennifer Reynolds SENIOR SALES MANAGER, WESTERN CANADA

Shelley Balla SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Daiana Garay CONTRIBUTING EDITORS

Sonia Bell Wayne Karl Elisa Krovblit DESIGN EDITOR

Yanic Simard MEDIA CONSULTANT

Natalie Houghton 587.226.1313 Like us on Facebook: search: CalgaryNewCondoGuide PRODUCTION MANAGER

Helen Pearce PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNER

Miguel Cea

32

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

ADVERTISING RATES

T 587.226.1313 email natalie.houghton@ypnexthome.ca

22 Contemplating condominiums

16

Rules augment condo bylaws

By Linda Palfi

46 Mortgage advice

Is the lowest rate really the best?

By Alyssa Furtado

Inspiration

32

Designer advice

Staging your home... to stay!

By Leigh-Ann Allaire Perrault

Neighbourhood Profile

Crescent Heights

By Caitlin Best

48 Mortgage rates 49 What’s online 50 Advertiser Index district maps

11

Inner City

25 Northeast Map 31

Southeast Map

37

Satellite Communities

in every issue

44 Southwest Map

10

45 Northwest Map

Editors’ Note

CIRCULATION

Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments.

COPYRIGHT 2017

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

Editorial submissions from interested parties will be considered. Please submit to the editor by email to Lydia.McNutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication

Editor’s Note

There’s a buzz in the air

6 AVE N

LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@YPNextHome.ca Twitter: @LydiasTweets

SPRING MAY BE A FEW WEEKS AWAY but you can already feel the buzz in the air. Home hunters are coming out of hibernation, and new home and condo builders in the Calgary area are ready for the rush.

With so many builders vying for your attention, there is lots of healthy competition, which can mean “bigger” and “better” for the buyer – in terms of product, price and added perks.

Plenty of pickings, coupled with ultra-low mortgage rates, are giving home hunters that extra push to jump into ownership this spring. And with Canada’s growing population and rising prices, condos are quickly becoming the home of choice for buyers of every age and stage in life, from coast to coast. Their affordability, convenience and the “cool factor” simply can’t be denied.

Builders are responding to this new homebuyer demand with a range of designs to suit a variety of lifestyle needs. A small studio condo is a great option for young homebuyers, students and investors who are seeking value in the hottest locations. On the flip-side, the growing trend of larger, familyfriendly condo suites comfortably accommodates the whole brood – and Fido, too.

Before the spring real estate rush really sets in, think about your needs and wants, and what is most important to you. Make a list, set your budget, and get pre-approved for a mortgage. That way, when you do find that perfect condo, you’ll be ready to jump in with both feet.

GREYHOUND BUS TERMINAL

23 AVE S

26 AVE S

CRESCENT HEIGHTS

SEE MORE PHOTOS ONLINE

The bustling core of Calgary and the Trans-Canada Highway, Crescent Heights is known for its stunning panoramic view of the Bow River Valley. With downtown to the south and quick access to the rest of Calgary from 16th Avenue, this is a well-situated neighbourhood. In addition, the eclectic mix of shops and restaurants means there’s a little something for everyone. Read the full story… nexthome.yp.ca/crescent-heights

+ get social 10 YPNEXTHOME.CA

Interact with us on social media: ypnexthome

INNER CITY 12 KENSINGTON

BY BUCCI 301 10th St. NW

RILEY PARK

24

6 AVE N

5 AVE N

13 FIRST

BY FRAM + SLOKKER

3

VE 4A

VE 2A

N

SUNNYSIDE 20 STATION

East Village Experience Centre 553 Riverfront Ave. SE

ROTARY PARK

PRINCE’S ISLAND PARK

21

14 AVLI ON ATLANTIC

BY RED MANAGEMENT

12

1220 9th Ave.

EAU CLAIRE04 MARKET

24

25

16

15 SCOLLEN HOUSE BY 320 MISSION DEVELOPMENTS

01

Corner of 25th & 3rd St. SW

4 AVE S

06

16 STEPS BRIDGELAND

BY GIUSTINI BRIDGES IN.

13 18

5 AVE S 6 AVE S

REYHOUND US TERMINAL

MILLENNIUM PARK

Sales Centre 921 - 1st Ave. NE

19 CONVENTION CENTRE

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17

CITY HALL

FORT CALGARY

26

07

1 ST E

COLONEL BELCHER HOSPITAL MOUNT ROYAL VILLAGE

26 AVE S

08

TALISMAN SPORTS CENTRE

4 ST W

5 ST W

VICTORIA PARK / STAMPEDE STATION

PROSPECT AVE

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10 ST W

23 AVE S

CLIFF ST

17 AVE S

01 RIVERFRONT POINTE

BY CARLISLE GROUP 325 3rd St. SW www.riverfrontpointe.ca

02 PARK POINT

BY QUALEX-LANDMARK Coming Soon Register now at Qualex.ca/ ParkPoint

03 43 PARK

BY VERICON REAL ESTATE VENTURES 43park.ca

04 WATERFRONT

BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.

05 THE GUARDIAN

BY HON TOWERS

12th Ave SE at 3rd St.

15 26 AVE S

05

OLYMPIC WY

02

MACLEOD TR

1 ST W

2 ST W

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17 INK

BY BATTISTELLA 622-8 Ave. SE

11

18 EVOLUTION

BY EMBASSY BOSA INC.

East Village Experience Centre 553 Riverfront Ave. SE

19 VERVE

BY FRAM + SLOKKER

Sales Centre Now Open in East Village

CALGARY EXIBITION AND STAMPEDE PARK

20 LIDO

BY BATTISTELLA

ERLTON / STAMPEDE STATION

21 V&V

BY PROVIDENCE GROUP

Sales Centre 1120 Kensington Rd

Register: einsteincalgary.com

23

06 AVENUE

BY GROSVENOR & CRESSEY 1035 5th Ave. SW

07 SMITH

BY GROSVENOR

Visit Sales Centre at 850-16th Ave. SW, 2nd Floor

08 DISTRICT

BY BOULEVARD INVESTMENTS Sales Centre Now Open 305 18th Ave. SW

09 LiFFT

BY VERICON REAL ESTATE VENTURES liveLiFFT.com

10 BRIDGELAND CROSSINGS

BY GABLECRAFT HOMES bridgelandcrossings.ca

11 SOBOW

BY M2I DEVELOPMENTS CORPORATION

22 ALEX

BY ASSURED COMMUNITIES

Presentation Centre: 2719 14th St. SW

23 MISSION 34

BY ASSURED COMMUNITIES

98 Mission Road SW mission34.ca

24 RADIUS

BY BUCCI DEVELOPMENTS Coming soon to Bridgeland www.bucci.com/radius

25 BRIDGELAND HILL

BY GABLECRAFT HOMES 516 Edmonton Tr. NE

26 THE ROYAL

BY EMBASSY BOSA 936 16TH Ave. SW www.theroyallife.ca

1640 17A St.

Starting from the $330’s

MAR 3 - 31, 2017 | NEW CONDO GUIDE 11

Property Profile | GROSVENOR

cover story

Grosvenor’s Smith offers prime location in vibrant Beltline ITS VIBRANT BELTLINE LOCATION is just one of the reasons buyers

are so excited about Smith.

Developed by Grosvenor, Smith is an 18-storey highrise on 15th Avenue and 6th Street S.W. – a prime location that allows residents to walk or bike to their downtown office by day, and experience 17th Avenue’s most popular restaurants, coffee shops and boutiques by night.

“Smith is all about the location,” says Robert Duteau, senior vicepresident of development for Grosvenor Americas. “We identified the urban trend in the Beltline and recognize that many people, especially the Millennial generation, want to feel more connected with downtown; they want to be in walking distance to all amenities.

“Smith is right in the heart of the best part of 17th Avenue and our buyers love that they have everything they need close by; it’s really a lifestyle choice,” Duteau says. “We’ve noticed that Smith is drawing in a wide demographic of purchasers, from first-time homebuyers, move-up buyers and downsizers. The commonality between all of these buyers is that they all love the walkable, trendy Beltline neighbourhood.”

12 YPNEXTHOME.CA

With Grosvenor putting the final touches on Smith, buyers also love that they can now get immediate possessions. “Construction is complete and many homeowners have already taken possession,” Duteau says. “So that’s generating some excitement, because people can buy now and move right in.”

Interest is also growing with the recent opening of a new in-building presentation centre and three stunning showsuites. “We’re seeing a large number of people coming through because they can now see it, touch it, and feel it; they can actually see the suite they are interested in and that’s really exciting for them.”

Despite the economic slowdown,

“Construction is complete and many homeowners have already taken possession” Duteau is pleased that Smith is 60 per cent sold. “Calgary is a unique city in that it often exceeds our expectations.

This city has experienced boom and bust before, but it’s very resilient and people recognize that it’s a good time to buy.”

Although many people have purchased in Smith, there are homes still available in every configuration starting from $229,900 plus GST. Plans include studios ranging from 417 to 479 sq. ft., one-bedroom plans from 498 to 678 sq. ft., and spacious two-bedroom/two-bathroom homes from 855 to 1,055 sq. ft. Additionally, there are two fabulous penthouse suites at more than 1,350 sq. ft. and two-storey, ground-level City Homes sized from 1,040 to 1,680 sq. ft.

Buyers appreciate that Smith interiors have been crafted with a higher level of design and finish.

Features include wide-plank, laminate hardwood flooring, in-suite washer and dryer, stainless steel oven and dishwasher, quartz countertops and in-floor heating in main bathrooms.

Homes also include spacious balconies, patios and terraces with spectacular views of lush green space, the city skyline or the beautiful mountain range.

Smith offers secured underground parking and on-site amenities such as a bike share program, tool library, social space and a concierge service.

With Smith being set back from 6th Street, additional space is made for a landscaped plaza featuring a pathway, benches, blossoms and greenery for residents to enjoy.

Furthermore, Grosvenor, with a 300-year history of success behind it, provides a solid reputation for delivering quality and value. Duteau

states, “We do a comprehensive inspection of the suites to ensure there are no deficiencies prior to possession because we want our buyers to be happy and have confidence in what they’re buying.”

For more information about Smith, visit the presentation centre at 103 1501 6th St. S.W., open Monday to Thursday noon to 6 p.m.; Saturday and Sunday noon to 5 p.m. Call 403.264.1703 or visit smith17.com.

MAR 3 - 31, 2017 | NEW CONDO GUIDE 13

Advice | CALGARYISM

Pet policies and your new Calgary condo There are a number of options when searching for a new condominium that will also accommodate your pet

By Cody Battershill

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

WE LOVE OUR PETS. Where they go, we go, and that’s that! If this sentence describes you at all, and you find yourself in the market for a new condominium, it’s crucial to know what the pet bylaws are at any development you’re considering.

A majority of Calgary condos have specific restrictions, such as a limitation on how much your pet can weigh, how many are allowed, and what type of breeds are accepted.

Sometimes there will be a condowide restriction on pets all together.

This can obviously be a deal-breaker for any pet lover.

14 YPNEXTHOME.CA

All the details you need to know about the proposed bylaws will be available for your review, and you must review them!

Verify the pet policies If you would like to know what the pet policies are for any new Calgary condo, simply refer to the disclosure documents and proposed condominium bylaws to find out.

In some instances, the documents will stipulate that you have to fill out a pet registration form so the new condominium board is familiar with the who, what, when, where and why when it comes to your pet.

If you have found a desirable unit and are thinking of making a move, be sure to include in your offer that your pet is coming with you so that there are no surprises when moving in a few years down the road.

Get the pet policy in writing, to avoid any surprises when it’s time to move in. When in doubt, research,

read and understand the exact terms of pet ownership in the new condo.

Your pet-friendly condo search There are a number of options when searching for a new condominium that will also accommodate your pet.

Contacting a new condo expert or experienced real estate agent is the best and easiest way to verify any pet policies if you don’t know how to do so yourself. This will prevent you from writing an offer on a new condo that won’t allow your pet to move in with you.

After all, home would not be quite the same without our furry friends!

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

MOVE INTO

& GET all of this TODAY:

103 - 1501 6th St SW Open from Monday - Thursday 12-6pm & Saturday - Sunday 12-5pm

THE BELTLINE NEIGHBOURHOOD: Calgary’s hottest

403.264.1703 Smith17.com

entrepreneur and design district. You’ll skyrocket to best dressed in your office.

THE CITY’S BEST RESTAURANTS: The four blocks around you are home to dozens of brewpubs and chic eateries.

This is not an offering for sale. Any such offering can only be made with the applicable condominium documents. E.&O.E.

15 AVE SW

17 AVE SW

6 ST SW

NEW PRESENTATION CENTRE & SHOW HOMES NOW OPEN!

From the concierge to Grosvenor's 300 years of experience, it's easy to brag about Smith living.

7 ST SW

STUDIO TO THREE-BEDROOM HOMES WITH SERIOUS STYLE:

Neighbourhood Profile

N

Crescent Heights

C

By Caitlin Best

Fast facts Average household income

$105,693

Most common housing type

Lowrise

Family composition

FAMILIES

COUPLES

SINGLES

16%

34%

50%

MORE PHOTOS ONLINE Own vs. rent

nexthome.yp.ca/crescent-heights

48% LOCATED BETWEEN the bustling core

of Calgary and the Trans-Canada Highway, Crescent Heights is known for its stunning panoramic view of the Bow River Valley. With downtown to the south and quick access to the rest of Calgary from 16th Avenue, this is a well-situated neighbourhood. In addition, the eclectic mix of shops and restaurants means there’s a little something for everyone.

Lifestyle Being so close to the scenic valley means the walking paths and Centre Street Bridge that leads into downtown are often busy with runners, cyclists and people out for a stroll with their pets. With ample parks and playgrounds — including the beautiful Rotary Park — residents make the most of the green space.

The vibe As one of Calgary’s oldest neighbourhoods, Crescent Heights is an interesting mix of residential blocks and commercial businesses. Beyond the character homes with the milliondollar view and price tag to match, is a decent assortment of rental apartments, condos, schools and 16 YPNEXTHOME.CA

OWNERS

war-time homes that are slowly being converted to in-fills. Centre Street is also home to a wide range of ethnic restaurants, independents stores and a large Asian supermarket.

Meet the neighbours With a diverse population of all ages and backgrounds, a variety of different residents live here including, long-time homeowners and families with both young children and teenagers who are attracted to the abundance of elementary and high schools. You’ll also find a lot of downtown professionals who enjoy the short commute to work and local business owners.

In the area Beyond having access to some of the best outdoor spaces around, it’s a quick walk or ride to all of the amenities found downtown and along 16th Avenue. Tennis courts, a skating rink and dance studio will appeal to active residents, meanwhile the surplus of restaurants located on the main streets makes dining out easy.

Planes, trains & automobiles Close to many of the city’s main

52% RENTERS

Education levels

45% UNIVERSITY

24% COLLEGE

31% HIGH SCHOOL SOURCE: ENVIRONICS

arteries, it’s easy to see the appeal of living here. There are roughly 15 bus lines that run on any given day, and cyclists will find it easy to pedal to other quadrants of Calgary. By car, drivers are less than 10 minutes from Deerfoot Trail and Memorial Drive.

Real estate Proximity to downtown and the million-dollar view comes with a hefty price tag. And the closer you are to the river, the pricier it gets.

However, the rental accommodations and new condos in the area offer more affordable options to residents and students.

CO N O N W ST U RU ND CT ER IO N

SOMETHING WICKED THIS WAY COMES EAST VILLAGE CONDOS FROM THE $220’S LEARN MORE AT OUR PRESENTATION CENTRE - UNIT 108 - 535 8TH AVE SE 403.452.9268 | REGISTER AT INKBYBATTISTELLA.CA

Trending

Supply and demand imbalance skews Canadian housing market

By Wayne Karl

SUPPLY AND DEMAND ISSUES – and

the resulting price increases – in Vancouver and Toronto continue to skew the national real estate picture.

Thankfully, however, housing market conditions in the rest of the country are not following suit.

“The shortage of homes available for sale has become more severe in some cities, particularly in and around Toronto and in parts of BC,” Gregory Klump, chief economist of the Canadian Real Estate Association (CREA), said in releasing the association’s statistics for January 2017. “Unless sales activity drops dramatically, the outlook for home prices remains strong in places that face a continuing supply shortage.”

National home sales were down slightly in January on a monthover-month basis, falling 1.3 per cent – putting them at the secondlowest monthly level since the fall of 2015 and only slightly above levels recorded last November, when recently tightened mortgage regulations came into effect.

Sales activity was down from the previous month in about half of all local markets, led by the GTA, Greater Vancouver and Montreal.

“Canadian homebuyers face some challenges this year, including new mortgage rules that make it harder to qualify for a mortgage and regulatory changes that will push up mortgage financing costs,” says CREA President Cliff Iverson. “It will take some time to gauge the extent to which these challenges will weigh on homebuyers in different housing markets across Canada.”

The imbalance between limited housing supply and robust demand in Ontario, CREA says.

The number of months of inventory in January 2017 stood at or below one month in the Greater 18 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

Toronto Area, Hamilton-Burlington, Oakville-Milton, Kitchener-Waterloo, Cambridge, Brantford and Guelph.

While the conditions in Toronto and Vancouver are good for those who already own homes, they’re anything but for prospective homebuyers.

“Supply and demand for singlefamily homes will return to a more sustainable balance over time, reflecting fewer transactions as homebuyers are priced out of the market, and price stability rather than price gains,” Klump told YP NextHome.

“To qualify for home purchase financing under recently tightened mortgage regulations, first-time homebuyers have been forced to look further from the urban centres, where land prices are less expensive, or shop for a lower priced home.”

Prices for two-storey singlefamily homes posted the strongest year-over-year gains (16.8 per cent), followed closely by townhouse/ row units (15.8 per cent), one-storey

single-family homes (14.4 per cent) and condo units (13.3 per cent).

While benchmark home prices were up from year-ago levels in 10 of the 13 housing markets across Canada tracked by the MLS HPI, price trends continued to vary by location.

Benchmark prices continue to climb in Victoria and elsewhere on Vancouver Island together with Greater Toronto, Oakville-Milton and Guelph. Year-over-year price gains in these five markets ranged from about 18 to 26 per cent in January.

The national average price for homes sold in January 2017 was $470,253, up just 0.2 per cent from where it stood one year earlier.

The national average price continues to be pulled upward by sales in Vancouver and Toronto, two of Canada’s tightest, most active and expensive housing markets.

The average price is reduced by almost $120,000 to $351,998 if Vancouver and Toronto sales are excluded from calculations.

COME HOME TO THE GUARDIAN Residents are making The Guardian home and transforming the Victoria Park neighbourhood.

1-BEDROOMS

starting at $278,900

2-BEDROOMS

starting at $445,900

PARAMOUNT SUITES

starting at $1.4 million

PRESENTATION CENTRE 456 -12TH Avenue SE TEL 403 800 3368 Mon – Thurs 12 – 6PM Sat & Sun 12 – 5PM

Developed by Hon Developments.

Prices subject to change without notice. E&EO.

MAR 3 - 31, 2017 | NEW CONDO GUIDE 19

Advice | NEWS AND VIEWS

When housing markets heat up, cooler heads prevail

By Lydia McNutt

MORE ADVICE ONLINE ypnexthome.ca/news/advice

STATISTICS CANADA HAS RELEASED

the first installment of data gathered in the 2016 Census, with this initial snapshot offering insight on Canada’s population and dwelling counts. What have we learned?

Canada is growing – particularly its western provinces.

Back in 1871, when the first census was recorded, there were 3.5 million people living here. By the time Canada celebrated its 100th birthday, the population had grown to 20 million. In 2016, we surpassed 35 million people – up five per cent from the last count in 2011, and 10 times greater than the first tally postConfederation.

This is the fastest rate of population growth among the G7 countries, according to Statistics Canada.

Calgary alone saw its population swell a whopping 13 per cent between 2011 and 2016 – and it’s not just Calgary that’s growing, but surrounding areas as well.

Reflective of Canada’s population growth, there are now more big cities too – 35 census metropolitan areas counted in 2016 (with a population of at least 100,000), versus 33 in 2011.

Among the newest members of the “big city” club is Lethbridge, Alta.

20 YPNEXTHOME.CA

Even Canada’s small towns are getting bigger, with eight new Census Agglomerations (CAs) counted in 2016 versus 2011, boasting a core population of 10,000 people or more.

While Calgary may not be seeing the flurry of housing activity that’s become commonplace in Vancouver and Toronto, the Calgary Real Estate Board (CREB) reported 947 homes sold in January 2017 – up 24 per cent yearover-year (albeit 21 per cent below 10-year averages for the month). “Sales activity improved across all product types, but only when compared to the near record lows that occurred in January 2016,” CREB reported.

Perhaps, signalling a revival of consumer confidence in the housing market? Time will tell.

In the meantime, if you’re planning to buy a home, here are three bits of sound advice that always apply, regardless of what is happening in the housing market: 1. Set your budget and perhaps more importantly, stick to it! Multiple offers may be rolling in on your dream home, but don’t let yourself become a bidding war casualty. A home is only worth so much. It’s up to you to decide what that magic number is.

2. Work with the pros. Your real estate agent, financial advisor/lender and lawyer are your holy trinity – all key resources in the home-buying process. Their job, aside from collecting their fee, is to help you keep your emotions in check and make a purchasing decision based on facts and figures, not emotions.

3. Know when to quit. Just because a competing bid comes in way over asking, that doesn’t mean the home is actually worth that much – and it definitely doesn’t mean you’ll get that return on resale, if that’s what you’re banking on.

Make a smart bid that reflects what the home is actually worth. Get a home appraisal, and compare the property you’re considering buying to others that sold in the same area around the same time. You’ll be better equipped to make a fair offer that you can live with.

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

Lydia’s love of architecture, interior design and the written word have landed her happily at YP NextHome, where real estate rules! Email comments and ideas to Lydia.McNutt@ypnexthome.ca, and follow Lydia on Twitter @LydiasTweets

Advice | CONTEMPLATING CONDOMINIUMS

Rules augment condo bylaws

By Linda Palfi

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE MINUTIAE OF GOOD governance in a condominium can sometimes be found in policies or “house rules” that stand alongside the condo corporation’s bylaws. While Alberta’s Condominium Property Act gives condo boards general authority to make such rules, most condo bylaws also have a more specific clause that allows the board to make rules for day-to-day living within the development.

In a highrise apartment condominium, for example, there is usually no bylaw that says not to use the garbage chute at 4 a.m.

Yet for those who are not guided by common sense, a house rule may well prohibit the chute’s use overnight. Next door, in a building or a townhouse development where dogs are permitted, there may be board-created rules requiring use of leashes and immediate removal of droppings. Again, a reference to the bylaws alone won’t tell you everything.

Speaking of dogs, here’s a cautionary tale. Condo buyers who have a dog sometimes glance at bylaws and see that the board has the authority to allow pets, so they lay down their money and bring Fido to the door. Oops! They get a surprise on possession day when they learn that dogs are not being authorized by the condo board. In fact, some apartment-style condo buildings see a resolution passed at each annual general meeting prohibiting the board from authorizing any dogs for the 22 YPNEXTHOME.CA

ensuing year. The Act is very clear that condominium boards are bound by direction given at annual general meetings.

In highrise condo buildings allowing small dogs, there’s also a common rule requiring that these pets be carried in hallways and lobbies. For those who think such a rule is silly and overly restrictive, I have a story to tell. I once personally saw an owner step off an elevator, while leashed Fluffy lingered in the elevator cab. Meeting a neighbour in the hall, madam did not notice the elevator door close on poor leashed Fluffy, who was immediately whisked off to another floor. The story had a happy ending... but barely.

At Christmas time the house rules might well be checked for limitations on decorations. While some people love a balcony draped with strings of blinking lights, their neighbours across the way might feel it looks more like the flashing neon sign for a cheap motel. And while some enjoy Christmas so much they’ll keep decorations up from October through March, most of us think that it’s reasonable to restrict seasonal balcony displays to December and January. Check the bylaws first, but

ask for house rules or policies, or ask the property manager about further restrictions.

Staying with the holiday season for a moment, it’s common in apartment-style condo buildings to see a rule prohibiting real Christmas trees. It’s not that the Grinch chairs the condo board, but that owners are shy of the fire hazard, of the mess in hallways of dried needles fallen from dragged-way trees, and of garbage bins overflowing with the enormous remnants of an otherwise happy season.

Condo bylaws, along with policies or house rules, are there to make our condo lifestyle safe, quiet and enjoyable. Try to adhere to your corporation’s in-house rules, or become a member of your board so you can ensure those rules are reasonable and serve your little condo community.

Linda Palfi is a condominium specialist realtor with Your Way Real Estate.

She sits on multiple condo boards, and is a member of the Inquiry Committee of the Calgary Real Estate Board. Visit condosincalgary.com or call 403.998.7732

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MAR 3 - 31, 2017 | NEW CONDO GUIDE 25

22:19

Property Profile | AVALON MASTER BUILDER

Avalon Master Builder launches latest

ZEN Community in Redstone AVALON MASTER BUILDERS is adding another

Location

Redstone Builder

Avalon Master Builder Development

ZEN Redstone Home Type

Two-storey townhomes Sales Centre

East on Redstone Drive NE….follow the signs and balloons Contact

Kristina @ 403.585.6866 Zenredstone.ca

26 YPNEXTHOME.CA

chapter to its enormously successful ZEN community story with its newest offering in Redstone in northeast Calgary.

“We just launched our new ZEN community in Redstone and we’re receiving a really positive response from buyers,” says sales and marketing manager Terra Davidson. “One customer told us – ‘We’ve been stalking you, waiting for you to come up to the northeast,’ – so they were really excited.

“We’ve been getting a number of people come through the sales centre,” Davidson says, which has a full-sized standard kitchen so people can see what it will look like.

“People say they love the design and they love the way we build having the durability and energy-efficiency built-in.”

ZEN is popular with buyers because it offers stylish, livable designs, well-appointed interiors and energy efficiency – all at a great price point, she says, noting that homes at ZEN Redstone start at $299,900. “We pride ourselves in offering

function over form, so we offer really smart plans with open spaces and lots of storage. Our homes in Redstone will present a nice, clean look and open-concept plans with five different models to choose from.”

ZEN Redstone will be comprised of 56 two-storey townhomes ranging between 1,100 and 1,300 sq. ft. featuring two or three bedrooms, 1.5 to 2.5 bathrooms and basements that can be developed to bump the number of bedrooms to five, and add another bathroom and optional wet bar.

The designs and affordability will appeal to a wide range of buyers from young families and multi-generational families to first-time buyers and those looking to move up from apartment condos in search of more square footage and outdoor space, as well as right-sizers seeking a maintenancefree lifestyle.

These homes present high standard finishes such as quartz countertops, laminate flooring, stainless steel appliances, maple cabinets that rise to the ceiling and full-height tile backsplash, “so people really don’t need to upgrade,” Davidson says.

“The kitchens are full-sized… the

size you often see in large singlefamily homes… and they offer great functional designs and different layouts so buyers can choose whichever one best suits their lifestyle.”

Buyers will also be able to choose from four designer colour packages as well as a variety of upgraded options, or they can choose to totally customize their homes.

Each home comes with a fenced backyard, so they’re great for people with dogs or those who want a private setting and a parking space.

Further, Avalon is an energyefficient builder, so every home is EnerGuide rated. “Buyers will save 30 per cent on energy costs just because our homes are more efficient, which is really important given the new carbon tax,” Davidson says. “We also believe it’s important to put renewables into the community,” so ZEN Redstone will have solar panels over the garbage garage and the energy will go towards powering the community’s street lights.

ZEN Redstone also offers a great location within walking distance to future neighbourhood conveniences and is minutes away from major routes such as Metis Trail, Stoney Trail and Deerfoot Trail for quick commutes and ease of getting around the city. It’s also close to a wide range of shopping opportunities in the northeast including CrossIron Mills mall.

To learn more about ZEN visit the sales centre in Redstone (head east on Redstone Drive and follow the signs and balloons), open Monday to Wednesday, 2 to 8 p.m.; and weekends and holidays noon to 5 p.m., (closed Thursday and Friday), or visit zeninbalance.com.

Avalon also has a special Community Hero Program at ZEN Redstone, providing a $2,500 incentive to local heroes – teachers, nurses, doctors, firefighters, etc., and, in recognition of the Redstone location, it includes YYC employees. For more information ask the sales rep.

MAR 3 - 31, 2017 | NEW CONDO GUIDE 27

Trending

Craft brew pubs you’ll love in Calgary

By Ian Doig CALGARY HAS DEVELOPED a serious

National on 17th

thirst for craft beer. These brew pubs satisfy with a huge array of suds created by microbreweries from Alberta to Belgium. Typical of these better beer spots, the sudsfriendly food is a tasty notch above the pub-fare norm.

550 17 Ave. SW Central to this quick-growing local bar and restaurant chain’s mystique is its selection of cool craft beers.

Pair your lager, ale, weizen or stout with shareable selections from its contemporary pub menu.

Bottlescrew Bill’s Pub

World Bier Haus 1600

140 10 Ave. SW The granddaddy of Calgary brew pubs, Bottlescrew Bill’s is legendary for its Around the World in 80 Beers passport. Not to mention its bottled beer menu, which features more than 300 international labels. You don’t have to be a beer aficionado to drink here, but you may well become one if you do.

1600 90 Ave. SW This bright and buzzy restaurant and lounge serves a seriously tasty selection of European beers with its inventive and shareable pub-style food that includes pizzas, paninis and plenty of snackables. A solid list of German and Belgian beers are served as well as top Alberta craft brew labels.

Wild Rose Brewery Taproom Craft Beer Market 345 10 Ave. SW Judging by the forest of tap-handles decorating this downtown brew pub’s central bar, its boast of serving the country’s largest draft beer selection looks about right. The place even features a craft beer club. On their way to sampling Craft’s 100 drafts, members enjoy plenty of beer-based privileges such as drink discounts and access to custom-brewed local beers.

4580 Quesnay Wood Dr. SW Housed in a distinctive Quonset hut on the Currie Barracks, this is a brewing facility and pub as well as a farm-fresh eatery serving dishes such as flatbreads, soups and sandwiches.

Sample the brewer’s regular label lineup, which includes Wraspberry Ale and Velvet Fog, as well as exclusive one-off seasonal brews. Take to the patio when the taproom’s overhead door swings open on sunny, summer days.

Beer Revolution

Hop In Brew Pub

1080 8 St. SW The 24-tap beer lineup changes on a regular basis. Follow (and sample) along with this craft beer parade on Beer Revolution’s electronic display boards. Beer explorers take note: a single new and unique custom-made cask is cracked Fridays at 5 p.m., at which time it’s enthusiastically appreciated until it’s gone.

213 12 Ave. SW The homiest pub in Beltline, this converted house on 12th Avenue Southwest is even fronted by a white picket fence. Find a room that suits– from main floor living room to upstairs games room–and pair an order of pizza (mushroom and pepperoni is a bestseller) with local and international craft beer selections on tap or by the bottle or can.

28 YPNEXTHOME.CA

Brewsters Brewing Company & Restaurant 834 11 Ave. SW The 11th Avenue Southwest Brewsters location is a favourite lunchtime and post-work retreat for Beltline office workers, featuring windows that open wide on warm days. Serving burgers, sandwiches and pizza, its house brews are the accompaniment of choice, from Oilberta Stout and Wid West Wheat Ale to Czech Pilsner.

Additionally, the pub’s “rotating tap” features exclusive, experimental smallbatch brews.

Vagabond 1129 Olympic Way SE An industrial-inspired cantina in Victoria Park, Vagabond serves a Canadian craft-brew selection that leans to the West. Represented breweries include Calgary’s Tool Shed, Big Rock and Wild Rose breweries as well as Canmore’s Grizzly Paw Brewing Company. Food includes burgers, sandwiches, pizza and more.

This content was originally published on YP.ca. Read more YP travel tips and city guides at yp.ca/tips

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MAR 3 - 31, 2017 | NEW CONDO GUIDE 31

Inspiration | DESIGNER ADVICE

STAGING YOUR HOME…

TO STAY!

By Leigh-Ann Allaire Perrault | Photos by Shaun Mitchell

THERE’S NO DENYING THAT COSMETIC UPDATES can add great resale

value to a home, but what happens when you move into a new, blank canvas and you have no idea where to begin? Enlist some of the same strategies that stagers and realtors use, to help make your space look its best from the start. I call it, “staging your home to stay.”

Cut the clutter before it begins Any home stager will tell you that clutter can visually suffocate a space, but the benefit of moving into a new home is that you have the opportunity to wrangle the clutter before it begins. As you unpack boxes, carefully assess each item to determine if you really love it, if

you really need it and if it really serves a purpose in that room.

It’s so easy to stash excess items in closets, cupboards and drawers, but if you edit from the beginning, you’ll be able to consciously control clutter in the future. And let’s face it, unconscious clutter in our homes can cause subconscious clutter in our brains, so starting with a well-organized space will create a harmonious home. …continued on page 34

32 YPNEXTHOME.CA

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…continued from page 32

The Calgary Home + Garden Show

Keep colours neutral… not boring New builds often offer neutral paint palettes throughout, and although many buyers’ initial instinct is to personalize the space with colour, consider working with the original hues.

Bright colours and jarring contrast can make a space feel choppy and chaotic, and ultimately cause a room to appear much smaller than it is. If you want to maximize the visual potential of any space, stick to a stager’s go-to palette of layered neutrals or work with a lowcontrast monochromatic colour scheme.

This allows your eyes to move smoothly around a room, making it feel more open and airy.

But neutral doesn’t mean boring!

Patterned accent wallpaper and applied wall mouldings are a simple and affordable way to add visual texture and interest, and they instantly elevate the look of stark white or dull grey room. For a small investment of time and materials, even a keen DIYer can tackle applying wallpaper to an accent wall behind a bed or basic picture frame mouldings in a dining room to create a chic and well-appointed space.

Join Cityline expert Leigh-Ann Allaire Perrault at the Calgary Home + Garden Show on Fri., Mar. 3 at 6 p.m. and Sat., Mar. 4 at 6 p.m. as she discusses the real ROI on DIY for staging your home to stay. The Calgary Home + Garden Show has been a fixture in consumers’ calendars since 1981, attracting more than 63,000 qualified visitors every spring. The show features high-interest exhibits, high-profile industry personalities and the latest home and lifestyle trends.

Work with what you have Seeing a model home staged with perfectly appointed furniture and accessories can give potential buyers great insight into how a space can be functionally designed, but when buyers move in and realize that their existing furnishings look less than show-home worthy, it can be potentially deflating.

If you have a collection of mismatched furnishings, tap into a simple staging trick by unifying them all with a consistent paint colour. I always say, when in doubt, paint it white, and with the availability of DIY-friendly paint products such as Rust-Oleum’s Chalked Paint, you can now tackle a furniture refresh with limited prep work and one-coat coverage.

The style of your furnishings may be different, but a fresh coat of paint in a hue of your choice will not only help to harmonize your décor, but also instantly transform your furnishings from bland to grand.

34 YPNEXTHOME.CA

MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration

APPETIZERS, AQUASIZE, BACKSTROKE, BADMINTON, BARBEQUE, BASKETBALL COURT, BAGUETTES, BEACH VOLLEYBALL, BIKING, BISCOTTI, BISTRO, BOARD GAMES, BOOKS, BOUTIQUE SHOPS, BREAKFAST, BRIDGE, BRUNCH, BUILDING SAND CASTLES, CAFÉ, CANNON BALLS, CANOEING, CAR SHOW, CARDIO, CARDS, CEDARS, CHAIRMAN’S STEAKHOUSE, CHARCUTERIE, CHARDONNAY, CHEESE, COFFEE WITH THE BOYS, COFFEE WITH THE GIRLS, CONCIERGE SERVICE, CONVENIENCE, COOKING, CRAFT ROOM, DANCING, DATE NIGHT, DAYCARE, DEMO KITCHEN, DESSERT, DINNER WITH FAMILY, DINNER PARTIES, DOG PARKS, DRINKS WITH FRIENDS, FIRE PIT, FLOOR HOCKEY, FLOWER SHOPS, FRISBEE, FISHING, GARDEN RETREAT, GOURMET FOOD, GROCERIES, GUEST SUITES, GYMNASIUM, HAIRSTYLISTS, HIDE-AND-GO-SEEK, HORS D’OEUVRES, HOT TUB, ICE CREAM, INDOOR POOL, JOGGING PATHS, JUICE BAR, KARAOKE, KAYAKING, KNITTING, LAKE MAHOGANY, LANE POOL, LIVE MUSIC, LONG WALKS, LONGBOARDING, LOUNGING, LUNCH, FRENCH MANICURE, MARKETPLACE, MEDITATION, MERLOT, MILKSHAKES, MOVIE MARATHONS, MOVIE THEATRE, PAINTING CLASS, PADDLE BOARDING, PARKS, PATIOS, PEDICURE, PET STORES, PIANO LOUNGE, PICNIC, PILATES, PINE TREES, PLAYING CATCH, PLUS 15’S, POKER, POOL NOODLES, POOL TABLES, POPCORN FOR DINNER, POTLUCKS, QUILTING, READING, RESTAURANTS, ROOF TOP BALCONY, ROLLERBLADING, ROSÉ, ROWING, RUMMY, RUNNING, S’MORES, SALADS, SAND SCULPTURE, SCENIC DRIVE, SEWING, SKATEBOARDING, SKATING AROUND THE LAKE, SMOOTHIES, SNACK FOR THE WALK HOME, SNOW ANGELS, SNOWSHOEING, SOCCER, SPA, SPECIAL EVENTS, SPIN CLASSES, SPLASHING, SPORTS FIELD, SPRUCES, STRETCHING, STROLLING, SUNBATHING, SWEETS, SECURITY, TAG!, TAI CHI, TEA, TENNIS, THE HQ RESTAURANT (JOURNEY CLUB), TUNNELS AND WALKWAYS, UNDERGROUND PARKING, VIRTUAL GOLF, VOLLEYBALL, WADING POOL, WALKING TRACK, WATER FIGHTS, WATER POLO, WATER SLIDE, WEIGHT LIFTING/WEIGHT TRAINING, WINE CELLAR, WOODWORKING, YOGA.

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17/02/2017 11:10

CALGARY’S SATELLITE COMMUNITIES 21 THE WHITNEY

BY LANDMARK HOMES

22 04

1A

02 11 03 01 COCHRANE 08

211 & 215 Fireside Parkway Cochrane, AB

AIRDRIE

22

09

20

AIRDRIE

10 12 15

13 14

06

09 CREEKSIDE VILLAGE

BY CARLISLE GROUP

2 21

07

05

2105 403 MacKenzie Way SW Airdrie, Alberta www.creeksidevillagecondos.ca

10 STONEKEEP AT KING’S STRATHMORE HEIGHTS TOWNHOMES

BY MERGE 1 DEVELOPMENTS

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CALGARY

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797 LANGDON

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TURNER VALLEY

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2802 Kings Heights Gate

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2A

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BY EXCEL HOMES

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BY SLOKKER CANADA WEST

Sales Centre on George Fox Trail just past Jumping Pound Terrace www.slokker-west.ca

02 HEARTLAND TOWNHOMES

BY EXCEL HOMES 137 Heartland Way, Cochrane, Alberta

03 THE RISE

BY JAYMAN MODUS

04 SUNSET RIDGE STREET TOWNS

BY HOMES BY AVI 36 Sun Valley Road Cochrane, Alberta

05 STONECREEK LANDING

BY CARLISLE GROUP

625 Glenbow, Cochrane, Alberta www.stonecreekcondos.ca

06 THE VILLAGE

BY CALBRIDGE HOMES 3102-15 Sunset Square Cochrane, Alberta

Coming Soon 169 Clydesdale Way Cochrane, Alberta

13 BROOKSIDE AT BAYSPRINGS

BY MERGE DEVELOPMENTS

543

COCHRANE

11 BRAND

BY BIRCHWOOD

12 RAVENSWOOD TOWNHOMES

BY SLOKKER CANADA WEST

OKOTOKS

546

1225 King’s Heights Way SE Airdrie, Alberta

07 RIVERREACH VILLAS & MANORS

BY JAYMAN MASTERBUILT 13 Riviera Way Cochrane, Alberta

08 THE RANGE

BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta

101 Hillcrest Dr. SW Airdrie

15 ZEN RAVENSWOOD

BY AVALON MASTER LETHBRIDGE BUILDER

1403 - 2400 Ravenswood View SE

22 SUNSETRIDGE TOWNHOMES

BY EXCEL HOMES 24 Sunrise View Cochrane, AB

20 SUNSET

BY JAYMAN INNOVATIONS

24 Sunset Rd. Cochrane, Alberta

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SEARCH ONLINE ypnexthome.ca

MAR 3 - 31, 2017 | NEW CONDO GUIDE 37

11:10

Trending

7 questions to ask your new home builder

By Lydia McNutt SO, YOU’VE DECIDED TO BUY a new home. While you’ll be faced with dozens, if not hundreds, of choices throughout the purchasing process, perhaps the most important decision you’ll make is choosing which builder is right for you.

The good news is, there are lots of great home and condo builders in the Calgary area, vying for your attention.

To distinguish themselves from the crowd, some builders offer financial incentives to entice buyers.

Others differentiate themselves with their product. Some builders specialize in highrises, while others build more intimate low- or mid-rise communities. Some builders have an eco-friendly agenda, while others are all about the luxury features. Ensure you’re comparing apples to apples.

Be clear as to what you want and need in your new home, and then determine who can deliver.

Remember that a little research goes a long way.

Here are seven questions every prospective homebuyer should answer before they sign on the dotted line, along with some helpful tips from Canada Mortgage and Housing Corp. …continued on page 40

38 YPNEXTHOME.CA

UNBEATABLE VALUE IN COCHRANE’S ONLY AWARD WINNING COMMUNITY OF RIVERSONG

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*Based on insured 5-year variable closed rate term through Jayman Financial. Terms and Conditions will apply. O.A.C., E&O.E. 5% down payment. 25 year amortization. Rates subject to change without notice.

501 River Heights Dr, Cochrane 403.981.8797 www.jayman.com/rise

nes

w t l e d ne xt to the b o

…continued from page 38

1 | Who’s building what? Determine your area of choice, and who’s building what there. Ask friends, family members and co-workers for names of reputable builders they have dealt with.

Nothing beats first-hand experience.

You can also check with the Canadian Home Builders’ Association – Calgary Region for a list of builders in your area.

How long has the builder been in business? How many homes do they build each year? Ask for references.

If this is starting to sound like a job interview, then you’re on the right track.

2 | What is the builder’s experience?

If this is starting to sound like a job interview, then you’re on the right track. How long has the builder been in business? How many homes or condos do they build each year?

What kind of background and experience do they have? Ask for references, and contact them to find out if previous buyers are satisfied with the homes they purchased and the service they received.

3 | Is the builder licensed with the proper registrations required for Alberta? If they don’t take care of their own house, how can you trust them to take care of yours?

4 | Is there a show home or suite?

Tour these in detail, taking note of what you like and what you don’t. Take your time, and if you feel you don’t know enough about construction to make a decision, bring someone with you who does.

5 | Can I get a site tour? This isn’t always possible, but it’s definitely worth asking. You can tell a lot about a builder by seeing them in action.

6 | Can I see the master plan?

Request this from the builder as well as the municipality. If you’re moving into a brand-new community, know that it will most likely look very different in 10 years than it does when you buy your home. What’s the future plan in terms of retail, schools and services, public spaces and infrastructure? These can affect the value of your home – positively or negatively.

40 YPNEXTHOME.CA

7 | Can I ask a few more questions? Ask as many questions as you can think of. There are no silly questions. Take note of the answers to review and compare at your leisure. If a builder or representative is unable or unwilling to answer your questions, buyer beware!

A home is the biggest purchase you’ll make in your lifetime.

It can be tempting to buy on a whim, but look before you leap.

Some careful consideration on your part will help to ensure you make a wise move that will enhance your lifestyle today, and make a great investment for your future.

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Available at these locations: • YP NextHome street boxes

• Airport lounges • Transportation hubs

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• Direct mail

s,

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64 Ave

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MARQ 17 06

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04 THE LANDINGS

BY STATESMAN

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05 OVERTURE ESTATE CONDO LIVING IN CURRIE BARRACKS

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TR

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VITT

McKE 194 AVE

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14 MAX TOWNHOMES

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01

RAIL

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09 MISSION 34

BY ASSURED COMMUNITIES

Sales Centre in Currie Barracks J5, 2953 Battleford Ave. SW

ANDERSON ROAD

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11 JUNO

BY AVI URBAN

SOUTHLAND DRIVE

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08 ALEX

BY ASSURED COMMUNITIES

Presentation Centre: 2118, 8561-8A Ave. SE

BARLOW TRAIL

ORE

13

DR

MacLEOD TRAIL

NM

ME M O R I AL

37 STREET

GLE

69 STREET

85 STREET

10

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

TRAIL

Currie Barracks

16 AXESS

BY SLOKKER CANADA WEST

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BY CARLISLE GROUP

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Register at: mylegacypark.ca

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BY BROOKFIELD RESIDENTIAL

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19 KILLARNEY TOWNES

BY STREETSIDE DEVELOPMENTS 2432-30 St. SW www.killarneytownes,ca

Condos from the low $100’s www.mylegacypark.com 403.931.8558 44 YPNEXTHOME.CA

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04 WILLOW AT SHERWOOD

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IL FO OT TR A ER

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15 THE GROVES OF VARSITY

BY STATESMAN HOMES

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ME M O R I AL

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BY VERTICAL PROPERTIES 36 STREET

21

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07 THE TIMBERS

BY GABLECRAFT HOMES

Sherwood Blvd at GLENMORE Sherwood Way NW RESERVOIR Register Now www.thetimbers.gablecrafthomes.ca

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23 THE MARK 101 IN SAGE HILL

BY NUOVO BY SHANE HOMES 3727 Sage Hill Drive NW 403.536.2388 themark101.com

BARLOW TRAIL

3503 Sage Hill Drive NW

12 EMERALD SKY

BY CARLISLE GROUP

BLACKFOOT TRAIL

03 VIRIDIAN

BY TRICO HOMES

Register today: Ezraonrileypark.com

IL N

ELBOW DRI VE

RE T RAIL 2nd Ave and 10th St. NW

BY BUCCI

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BY BIRCHWOOD PROPERTIES

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HA RV BLVEST H D N ILLS E TRA

64 Ave

SARCEE TRAIL

69 STREET

85 STREET

CENTRE STREET

14 ST RE ET

16 AVENUE

521 Evanston Link NW 02 KENSINGTON GLENM O

10 SAGE PLACE

BY CARDEL LIFESTYLES 450 Sage Valley Dr.. NW

VD. LS BL

OLD BANFF COACH ROAD

01 THE LINK AT EVANSTON

BY BROOKFIELD RESIDENTIAL

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EDMONTON TRAIL

AIL ENU

14

22

NOSE HILL PARK

JO HN CR LA OW UR 14 IE CH BLV ILD D. TR AIL

460 Nolan Hill Blvd.

09 NOLAN PARK

BY CARDEL LIFESTYLES

CENTRE STREET

AIL TR NA PI SH AG AN

HIL LD R. NO

Y TR

SE

E STON 16 A V

01

05

HIL NTRY COU BED DIN GTO N

STONEY TRAIL NW

15

13

14TH ST NW

06 18 SY 23 03 MO NS VA 08 L 07 LEY RD 12 .

04

08 CARNABY HEIGHTS TOWNHOMES IN NOLAN HILL

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SYMONS VALLEY PKWY

NORTHWEST COMMUNITIES

SOUTHLAND DRIVE ANDERSON ROAD

DEERF

OOT T

AIL TR

AIL

VITT

McKE

D TR

LEO

SHAWNESSY BLVD.

EK P ARK

M TTO BO

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Mac

S JAME

SEARCH ONLINE

W BO

FISH

RAIL

OF RQUIS

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MA

ypnexthome.ca

MAR 3 - 31, 2017 | NEW CONDO GUIDE 45

Advice | MORTGAGE ADVICE

S

Is the lowest rate really the best?

By Alyssa Furtado, CEO, RateHub.ca

MORTGAGE HUNTERS WILL FIND

mortgage), some promotional rates

mortgage, you would need to hire a

incredible promotional rates, but

only offer 10 per cent/10 per cent.

real estate lawyer (and pay legal fees).

many of these come with restrictions

If your goal is to become mortgage

and penalties. Before you jump at the

debt-free fast, this may not be the

» Closed mortgage

lowest rate, read the fine print in your

right product for you.

While most mortgages in Canada

mortgage agreement:

are closed, some restrictions are » Collateral charge

tougher than others. For example,

» Low prepayment privileges

If the lowest rate ends up being

a 1.99 per cent fixed-rate mortgage

Most products give mortgage holders

for a collateral mortgage, carefully

product one lender offered recently

the option to increase their monthly

consider how taking one on

didn’t allow borrowers to prepay,

mortgage payment amount once

could affect your finances in the

negotiate or refinance their mortgage

per year and/or make lump-sum

future. Collateral mortgages are

in the three-year term. The only

payments throughout the year. While

readvanceable mortgage products

way to break your mortgage in that

many lenders offer 20 per cent/20

that allow you to borrow money from

agreement was to sell your home.

per cent prepayment privileges

your home at anytime, without having

(meaning you could increase your

to refinance. Unfortunately, they also

Don’t be scared to shop around

payment by 20 per cent each year

lock you into staying with that lender,

and find the right mortgage for you

and/or make a lump-sum payment

even when your mortgage comes up

– even if it doesn’t come with the

of 20 per cent of your original

for renewal. To get out of a collateral

absolute lowest rate.

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Visit our sales centre at 101 & 103, 12 Sage Hill Terrace NW or viridiancondos.ca 46 YPNEXTHOME.CA VIR-16620 Condo Guide HP Mar v1.indd 1

DATE: 09 Feb 2017

F I L E

N A M E S

A R E

F O R

I N T E R N A L

File Name VIR-16620 Condo Guide HP Mar v1.indd

U S E

O N L2017-02-13 Y

9:34 AM

STILL WAITING FOR THE BOTTOM?

? s l a n g i s e h t s s i m u o y Did GO GO hOW maNY • CMHC STRESS TEST siGNals dO • INCREASING YOU Need?

MORTGAGE RATES • TALK OF INCREASING MINIMUM DOWN PAYMENTS •

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Homebuyers’ Help

Compare mortgage rates for your best deal CHARTERED BANKS ATB Financial Alterna Bank Bank of Montreal

variable 2.35 4.10op 2.6

6 months

1 year

2 years

3 years

4 years

5 years

4.1 4.10op 4 6.30op

3.04 4.10op 2.79 6.30op 3.09 6.95op 3.29 6.50op 2.84 6.35op 3.14 3.14 6.35op 2.64 3 3.20op 3.14 6.70op

2.39

2.64

2.69

2.84

2.74

2.59

2.84

2.84

3.19

3.59

4.09

2.89

3.09

3.39

3.89

4.49

2.79

2.74

4.09

4.79

3.04 2.15

3.65 3.39

4.39 4.09

4.64 2.35

2.64 2.94

2.64 2.84

3.19 2.94

3.29 2.99

3.04

3.39

2.79

2.94

2.79 2.49

3.34 2.74

3.99 2.84

4.44 2.89

2.84

3.44

2.74

2.94

3.24

3.49

3.69

3.79

3.14 3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op

3.25 3.5

3.95 3.7

4.39 4.3

4.64 4.35

2.14 3.09

2.34 3.39

2.59 3.89

2.69 2.94

3.09

3.39

3.89

4.49

4

2.79

2.74

2.59

2.84

2.84

6.30op

6.30op 2.89

2.95

2.99

2.89

2.6

Bank of Nova Scotia

2.9

CIBC

2.7

6.95op 4.55 6.45op 6.95op

Equitable Bank HSBC Bank Canada

2.35

ICICI Bank Canada Manulife Bank

2.75 2.7

National Bank

n/a

President’s Choice Finan Royal Bank

2.7 2.7

TD Canada Trust

2.6

Tangerine

2.7

4.45 6.20op 4.45 4.4 6.70op

7.00op

2.99 7.00op 3.04 4.00op 3.19

TRUST COMPANIES Community Trust Effort Trust

n/a n/a

Home Trust Investors Group Trust

2.35 n/a

MTCC

2.9

6.5 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

OTHER FINANCIAL INSTITUTIONS Alterna Savings Comtech Fire C.U.

2.6 2.6

First National Fin. LP IC Savings

2.7

Luminus Financial

6.2

2.84

6.40op

6.30op

3.1

2.64

2.64

2.64

2.84

2.94

4.25

2.89

2.99

2.99

3.1

3.14

6.50op

6.50op 3.2

3.65

4

4.5

2.79

3.39

3.89

2.64

3.14

3.04

3.15

3.89

3.89

2.8

2.85

2.95

3.05

3.15

2.39

2.49

2.59

2.69

3.25

3.25 6.25op

Meridian Credit Union

2.4

2.84 6.30op

PACE Savings & C.U. Parama Credit Union

5.05 2.65

2.95op Steinbach Credit Union

2.25

2.39

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 Feb. 23, 2017. Prepared by http://www.FiscalAgents.com/mortgage/rates

48 YPNEXTHOME.CA

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Visit our website: MAR 3 - 31, 2017 | NEW CONDO GUIDE 49

Ad Index

ADVERTISERS Albert Park Station - Carlisle Group

33

Avenue - Grosvenor Developments

5

Kensington - Bucci Developments

21

Legacy Gate - Carlisle Group

33

44

Brand - Birchwood Developments

43

Legacy Park - Brad Remington Homes

Bridgeland Crossing - Gablecraft Homes

23

Radius - Bucci Developments

Bridgeland Hill – Gablecraft Homes

23

Regatta - Brookfield Residential

51

4, 11

Carnaby Heights - JaymanBUILT

3

Rise - Jayman Modus

39

Champagne - Remington Development Corp.

2

Sanderson Ridge - Telsec

30

Copperfield Park III - Brad Remington Homes

31 & 52

Smith - Grosvenor

1, 12-13 &15

Creekside Village - Carlisle Group

33

Streettowns - Homes by Avi

29

Emerald Sky - Carlisle Group

47

Sunset Ridge - JaymanBUILT

41

Ezra - Birchwood Developments

6

Verona - Trico Homes

46

The Gates - Remington Development Corp.

2

Westman Village - JaymanBUILT

35

The Guardian - Hon Towers Ltd.

19

Zen Redstone - Avalon Master Builder

INK - Battistella Developments

17

Zen Ravenswood - Avalon Master Builder

Jumping Pound Ridge - Slokker West

50 YPNEXTHOME.CA

7

24, 26-27

36

YOUR VOYAGE STARTS NOW NOW SELLING

CONDOS FROM THE UPPER $100s

MOVE IN 2017

Regatta in Auburn Bay let’s you set sail with the excitement of four season access to a private 43-acre lake. With stylish floorplans, upgraded kitchens, a choice of interior finishes and amenities, like a dog-wash station and a bocce ball court, you truly get it all at Regatta.

109 AUBURN MEADOWS DR SE

REGATTAAUBURNBAY.COM

REGATTA@BROOKFIELDRP.COM

(403) 462-3792

Final Phase Now Available

$180

2-bed, 2-bath condos

starting from the

sales Centre: 99 Copperstone Park se | 403.723.0094 2:00-8:00pm Monday-Thursday |12:00-5:00pm Sat-Sun/Holidays

Register today: copperfieldpark.com

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