Calgary New Condo Guide - May 27, 2016 by NextHome

MAY 27 - JUNE 24, 2016 VOLUME 19, ISSUE 6, FREE

CALGARY EDITION

PARK POINT hits another key milestone

INSIDE THIS ISSUE

ALBERTA NOTE THAT BUILDERS THIS CALLOUT STEP UPIS ALWAYS TO HELPYPNH FORTGREY MCMURRAY IN COLOUR

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2016-05-18 11:22 AM

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contents MAY 27 - JUNE 24, 2016 | VOLUME 19 ISSUE 6

ON THE COVER

Qualex-Landmark + online NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

MAPS

property profiles

trending

24 Partners Development

28 Landmark Homes

Go Green with an Arrive at Evanston townhome

Dise単o offers a unique blend of towns and condos

WITH

DYNAMIC

Celebrating a turning point for Park Point

LOOK FOR THE CIRCLE

40 Avi Urban

Honoured as Multi-Family Builder of the Year

Fort McMurray

Alberta building industry lending a hand

Battistella Developments

Empowering youth through street art

20 Great Gulf

Makes generous donation to YWCA Calgary

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) 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

40 30 Brookfield Residential

Albi, Luxury by Brookfield Residential nets two awards

in every issue

By Cody Battershill

46 Contemplating Condominiums

Realtor ‘agency’ valuable to buyers and sellers By Linda Palfi

Fundamentally Speaking

Six homebuying tips for first-timers By Wayne Karl

54 Style File

Condo-friendly plants

Editors’ Note

50 Neighbourhood profile Beltline — a hopping ‘hood in Calgary

58 Advertiser Index district maps

Inner City

Northwest Map

35 Northeast Map 39

Southeast Map

49 Southwest Map 53

inspiration

GRAPHIC DESIGNER

Miguel Cea

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

ADVERTISING RATES

T 587.226.1313 email natalie.houghton@ypnexthome.ca

Five features to keep in mind when shopping for a condo

By Alyssa Richard

Greg Van Sluytman

Trending now

More stories, videos and photos

22 Calgaryism

What to consider when buying an investment property

PRODUCTION CO-ORDINATOR

what’s online

advice

44 Mortgage Advice

Helen Pearce

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

Satellite Communities Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

Editors' Notes

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

BELTLINE

MORE PHOTOS ONLINE nexthome.yp.ca/beltline

Deciding to move is easy Looking for a new place can be overwhelming. The stress of finding something suitable, plus the pressure to sign legally binding contracts can create a lot of anxiety. However, anxiety can be controlled — if not eliminated — by managing two important factors: how prepared you are financially and how knowledgeable you are about the process. This includes the details of your transaction, what is expected from you from a legal standpoint and all of your financial obligations. With so much information

available these days on the web, it’s easy to get distracted. For tips and financial advice, and the latest property listings available across Canada, check out this issue and our website, YPNextHome.ca. Not only will you find an easy way to connect with prospective properties, you can dig deep costs, neighbourhood information and much more. Deciding to move is easy. Finding a place that matches your criteria can be the tough part. Let us help. Drop us a line and let us know if you have any questions or comments.

A painful reminder for us all

WAYNE KARL Senior Editor

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

+ get social 10 YPNEXTHOME.CA

When an Act of God strikes a cruel blow such as that delivered in Fort McMurray, Alta. recently, one immediate concern – after personal safety – is home insurance. Quite literally, when residents are allowed to return, they have no idea what they’re going home to. Will my home still be there? Does my home insurance cover fire damage? Does it cover smoke damage? Are our living expenses covered, having been evacuated? And though Prime Minister Justin Trudeau promises “total support” to

the residents of Fort McMurray – and Canadian Red Cross raising $30 million and the Alberta government pledging $100 million in aid – countless questions remain for all parties. Even if you personally are not affected by the events in Fort McMurray, they serve as a painful reminder – check your insurance. Do you have the right policy? Do you have enough coverage? Challenging questions, indeed, but they pale in comparison to what those in Fort McMurray are facing.

Interact with us on social media: ypnexthome

Property Profile | QUALEX-LANDMARK

cover story

QUALEX-LANDMARK Celebrates turning point for Park Point as it heads upwards IT’S ALL UP FROM HERE AS, after six months of excavation

followed by a massive 800-cubic-metre concrete foundation pour in April, construction moves skyward on the fabulous new tower by Qualex-Landmark in the Beltline. Nestled in the heart of this vibrant, amenity-rich community, Qualex-Landmark is building Park Point, a 34-storey tower offering 289 condos at 12th Avenue and

2nd Street S.W. facing onto Calgary’s five-acre, historic Central Memorial Park. “Park Point is at a major turning point in the construction process,” says Parham Mahboubi, vicepresident, planning and marketing. “We’re thrilled that construction is now making a 180-degree turn and heading upward marked by the installation of the tower crane in early May.” MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 11

While the start of excavation is the first major milestone in the development process, much of the work takes place below ground, out of sight, Mahboubi explains. “After a while, pedestrian and drive-by traffic get accustomed to seeing a fenced off area with a big hole in the ground.” However, excitement returns when a crane is erected roughly 400-ft. out of the ground, he notes. “This visual landmark again marks the start of the next stage in the evolution of the development process; it’s impossible not to notice such a tall structure.” The installment of the crane is a clear visual indicator of construction progress for existing homebuyers and instills a sense of confidence in future homeowners since project completion is now closer than ever before. “Existing Park Point homebuyers and observers get extremely excited with increased visits to the sales centre

12 YPNEXTHOME.CA

because they can now actually see for themselves that the building is going up and that construction is still on course,” Mahboubi says. In fact, they’re getting a great response from buyers; out of the 289 Park Point condos, it’s now 50 per cent sold. “This is a tremendous achievement and a huge success in light of the current economic climate in Calgary,” Mahboubi says. “Clearly, homebuyers trust the QualexLandmark brand and are finally getting used to the economic swings and cycles that Calgary is known for. Calgarians have realized that with condo prices generally stabilized, now is a great time to purchase.” Park Point offers one-, two- and three-bedroom condos, street-level live-work townhomes and larger sub-penthouses and penthouses. Suites range from 500 to 1,670 sq. ft., with prices starting from $269,000.

“Park Point offers great value to first-time homebuyers, those buying a second home and to investors. It appeals to singles, couples, down-sizers and retirees seeking premium quality and care-free living, and a unique opportunity to own a great product in one of the best locations to live in downtown Calgary,” Mahboubi says. Interiors feature open concept living with a premium Italian Armony Cucine kitchen that includes granite countertops and backsplash and German-engineered Liebherr and AEG appliances. Bathrooms feature elegant marble countertops with porcelain tile flooring. Onsite amenities include a fitness facility, yoga/Pilates studio, steam room, sauna and his/hers change rooms with showers, social lounge club with kitchen and fireplace, 24-hour concierge service and a furnished guest

suite. Outdoors will be a Zen Terrace with seating and water feature, outdoor lounge with fire pit, a barbecue area and a yoga/Pilates deck overlooking the park. As well, parking is located in a secured, underground parkade. Park Point residents also have an abundance of neighbourhood amenities at their fingertips, from grocery stores, cafes, gourmet dining, art galleries, parks and pathways to fashion stores, hair salons, medical services, transit, Car2Go and nearby Plus15 skywalk. To learn more, visit the Park Point Discovery Centre at 301 11th Ave. S.W., open daily from noon to 5 p.m., closed Fridays, call 403.244.2428 or visit qualex.ca/parkpoint

MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 13

MO VE MO IN S PR VE IN IN G S 20 MO PR 17 IN VE G IN 20 SP 17 RIN G 20 17

CALGARY’S BEST RESIDENCE CALGARY’S BEST BEST BEST RESIDENCE BEST BEST LOCATION INTERIORS VIEW AMENITIES BEST BEST BEST RESIDENCE BEST BEST CALGARY’S LOCATION INTERIORS VIEW AMENITIES

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

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

03 43 PARK BY VERICON REAL ESTATE VENTURES 43park.ca

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22 ALEX BY ASSURED COMMUNITIES

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

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MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 15

Trending

Alberta building industry lends a hand to Fort McMurray By Wayne Karl WHEN FORT MCMURRAY and the

surrounding community were left reeling from the recent wildfire disaster, it wasn’t just Alberta communities, governments or the Canadian Red Cross that pitched in to help out. The home building industry immediately stepped up. “We have only preliminary information, but direct cash contributions by CHBA members in Alberta have topped the $200,000 mark already, and many fundraisers are planned,” Paul Cashman, spokesman for the Canadian Home Builders’ Association – Alberta, told New Condo Guide. “Members are also collecting donations for relief agencies at showhomes, helping to distribute emergency supplies to evacuees, matching employee donations and pledging to make a contribution to the Red Cross for each new home sold.”

“To the people of Fort McMurray, our hearts go out to you, and our hands will help you rebuild,” says Crystal Creek Homes, a builder in Edmonton, Calgary and Airdrie, Alta. The recovery may take weeks, months or even years, but the contributions and efforts will come from home building associations, the member companies and even their employees. • The Homes by Avi Group of Companies to date has donated more than $20,000, and is promising to match the donations of its staff members. • Landmark Group of Companies is donating $100,000 to the Canadian Red Cross. • Rohit Group of Companies, Edmonton, has held a number of local fundraisers. • CHBA Edmonton’s NextGen and Member Services committees

hosted a fundraising barbecue on May 13, as well as collected new items to donate to the Edmonton Emergency Relief Services Society. “The full extent of damages in Fort McMurray won’t be known until officials gain control of the dangerous wildfire but we already know that it will be a major job to rebuild the community and replace lost homes,” says Jim Rivait, CEO, CHBA – Alberta. “We have reached out to municipal and provincial officials to offer any assistance needed after the immediate danger has passed.” “The community is still subject to a mandatory evacuation order and residents have been told it will be a couple of weeks before they learn when they can return,” Cashman says. “Insurance adjusters are supposed to begin assessing properties next week. So we don’t have a handle yet on how much work will be done but it will be significant.”

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*SEE SALES STAFF FOR DETAILS. THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. PRICING AND AVAILABILITY IS SUBJECT TO CHANGE WITHOUT NOTICE. RENDERING IS REPRESENTATIONAL. E.&O.E.

16 YPNEXTHOME.CA

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Trending

Empowering youth through street art Battistella donates to City program teaching responsible urban muralism and street art to youth

BATTISTELLA DEVELOPMENTS INC. has donated a “canvas” to the City of Calgary’s Street Art Program for Youth, bringing more vibrancy and public art to the East Village. Battistella has gifted the former Orange Lofts sales centre in East Village to the Street Art program to use as practice walls. “Art takes many forms and street art is no exception. We support the City of Calgary’s efforts to empower students through creative expression and we are excited to be able to contribute to such a great program,” says Chris Pollen, director of sales and marketing at Battistella. “We want to live in a city that is rich in art, in all its many forms, and we believe that drawing youth into the artistic process helps us create an amazing, diverse artistic landscape for Calgary to enjoy.” “The City of Calgary’s Street Art Program for Youth engages students in a supportive environment and promotes the practice of safe and respectful urban muralism. An internationally respected art form, students are guided by professional artists and learn art-making skills that add to the vibrant urban life of our city,” says Dawn Ford, public art program coordinator for the City of Calgary. “Students in the program gain an understanding of what it means to be a professional artist working to meet the needs of a commissioning body and contributing to the larger community through their creativity. Thank you very much to Battistella who is graciously donating the canvas for these youth to practice their art form, and allowing our students to see the real-world results of their positive work.” 18 YPNEXTHOME.CA

MORE TRENDING ONLINE nexthome.yp.ca/news

The artwork will be painted in three installations, scheduled for May, July and August 2016. Once completed, the City of Calgary and Battistella will host a public event to showcase the art and to recognize the artists. Details will be released at a later date. To learn more about Calgary’s Street Art Program for Youth, visit calgary.ca/streetart. To contact Battistella, please email admin@battistella.ca.

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

Trending

Great Gulf donates to YWCA GREAT GULF IS ENTERING CALGARY

in a big way — making a mark on the future through land development and demonstrating a commitment to the community by supporting women and their children. YWCA of Calgary (YWCA) recently hosted a cheque presentation and media opportunity on the south patio of its downtown site at 320 5th Ave. SE to celebrate the generous donation made by Great Gulf, the purchaser of the site. Along with a cash donation of $500,000, Great Gulf offered a two-year, no-cost lease back to the YWCA for the existing facility. A lease extension of two years has been negotiated, which provides the YWCA even greater stability over the next four years to plan and develop a new site.

“The generosity of Great Gulf is extraordinary and kicks off our future plans in a grand way,” says Sue Tomney, chief executive officer of the YWCA. “The donation, coupled with the no-cost two-year lease and subsequent two-year extension, ensures the YWCA can provide consistency for the women and families we support while we develop a new facility that is better designed to adapt to changing needs of women in our community.” The lease, which now extends to November 2019, will provide the YWCA a degree of certainty from which to offer services, plan for the future and move into a new facility with minimal impact to clients, staff and the community. Selection of a future YWCA hub site and development partners is

expected to be announced within the month. Programs and services at both the YWCA Sheriff King Home and downtown sites continue uninterrupted, with added time and space to make smooth transition plans. “Calgary has consistently been one of Canada’s most dynamic cities, with a youth, vitality and spirit that is both engaging and endearing. At Great Gulf, we are thrilled to have the opportunity to transform the YWCA block and adjacent lands to create an exciting new downtown district perfectly situated between the East Village, the financial core and the Bow River,” says Great Gulf President Christopher Wein. “The master plan for this development will include substantial residential, commercial, office and institutional uses.”

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22 AVIRA TOWNHOMES IN EVANSRIDGE BY JAYMAN MODUS 470 Evansridge Court

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MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 21

Advice | CALGARYISM

5 features to keep in mind when shopping for a new condo By Cody Battershill

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

IF YOU’RE IN THE MARKET for a new

condo in Calgary, chances are you have a list of features you want included — some must-have’s, and a few that you’re probably more flexible on — before signing on the dotted line. Here are some key features that you should always consider and evaluate for yourself when viewing new condos, as they can drastically affect your living experience and resale value down the road. 1 | Interior layout Calgary’s new-condo developers have such a wide variety of floorplans available these days that you really don’t have to settle for a layout that would be perfect except for that one feature that you just can’t get over. It could be that the master bedroom is too small, the bathroom is too thin or perhaps the kitchen doesn’t have that ideal setup you want. Whatever it is, know that you will likely find another floorplan or different builder that has all the things you desire — so shop around! 2 | Windows and natural lighting Usually, the more windows a new condo has the better, not only for natural lighting, but also the open feel they create when they are well placed and the right size. Windows should also be positioned and sized accordingly to give you a decent amount of privacy from outside eyes. 22 YPNEXTHOME.CA

Natural lighting is a huge factor when it comes to getting the most out of your living space and enjoying it to the fullest. A lack of natural light can be a problem in the future when reselling, and can also put a damper on how you feel about being in a particular space. 3 | House orientation The way a condo is positioned can greatly affect the amount of natural light it receives during the daytime, as well as influence your cooling and heating bills. A unit facing east will have a bright and warm morning and evening, with natural light coming through during these hours. On the other hand, a north facing condo might not get as much sunlight and make for a cooler living space during those hot summer days. 4 | Proximity to neighbours Typically, there’s a drastic difference in the space between two new inner city infills. If privacy is a huge factor for you when buying a new condo, look into the views from your windows, and do a perimeter walk around the property to gauge if you are comfortable with it all.

5 | Location Last but not least, location is probably one of the most important factors when buying a new condo in Calgary. For example, buying in a new community with a proposed elementary school on its way is a great opportunity for couples planning to be parents, although if it were across the city from work, it might cause more headaches than benefits. It basically comes down to what you’re comfortable with and what area of the city is best for your wants, needs and lifestyle. Taking the time to find the right location is a must when searching for that perfect new condo in Calgary. Wishing you only the best on your new condo search in Calgary!

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

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WHEN JENNIFER BARAN starting looking for a

Evanston

townhome, she knew she wanted to live in the northwest, but she also quickly arrived at the decision to go Green. “I had a one-bedroom condo in Panorama and I wanted to move up to a townhome, but stay in the northwest, so I looked at townhomes in Sage Hill, Nolan Hill and Evanston,” Baran says. “I saw that Partners Development Group was advertising Built Green townhomes, which meant I could save on energy and water usage and that really appealed to me.” She did some research and talked to others who built Green, before visiting the Arrive at Evanston sales centre. “I loved the idea of having a home that was more environmentally friendly, but I also loved Arrive’s design, so getting both really sold me.”

Builder

Partners Development Group Ltd. Development

Arrive at Evanston Home Type

Townhomes (IVY Interior model) Sales Centre

102 Evanston Manor NW. Contact

587.755.1166 arrivehome.ca

24 YPNEXTHOME.CA

Baran purchased a 1,350-sq.-ft. townhome with two bedrooms, 2.5 bathrooms and a heated and insulated garage and moved in last October. “Having the garage was a bonus, although I was initially worried about what it would cost to heat it during the winter, but it turned out fine; it was very little cost,” she comments. “I also chose to upgrade with air conditioning, which I know can be expensive, but being an interior unit with homes on both sides, along with the energy efficient systems in this home, I don’t think it will be costly.” Baran also appreciates that her townhome comes with an EnergyStar

stainless steel appliance package, as well as washer/dryer, water-saver faucets and toilets, low-E windows, LED and CFL lighting, a 96-per-cent high-efficiency furnace, electric water heater, spray foam insulation and a heat recovery ventilation system creating a clean, healthy environment in the home. “When I compared my power bills to other people who have townhomes, I’m certainly saving,” Baran notes. “Going with a Built Green home has definitely been a bonus with the trying times in this economy right now, as well I think it will be a great feature to have for resale in the future.” But not only is Baran’s townhome Built Green Certified, it has an EnerGuide rating of 83 Points with gold status with Built Green Canada labelling, which makes it eligible for a rebate. “I was really surprised. I didn’t know anything about it until Jade (Mahon, vice-president sales and marketing at Partners) told me about it and sent me a form to send in. She has been really great and so has everyone at Partners. I’d definitely recommend them and the Arrive townhomes to others.” Mahon notes that Baran was able to get back a 10-per-cent refund on her mortgage insurance premium paid through CMHC or Genworth – which both have a Green home initiative and had put some “green” back into her pocket. “Energy efficient homes, cars, and lifestyles are front and centre and it’s important these agencies and governments are behind the companies and consumers working toward consuming less.” “I’m proud we provide environmentally responsible townhomes to our purchasers – and yes, having reduced utility bills help today, but even over the long term, the added value of having a better built, more efficient home is going to provide our homeowners with an even higher market value to their home,” Mahon says. Partners Development Group is currently selling several Arrive

townhome projects around the city including Evanston and Skyview Ranch Arbours, which are both 40 per cent sold; and at Redstone, which has just a handful of homes remaining. A new project, Arrive at Bowness is poised to launch June 4, in partnership with Attainable Homes Calgary Corporation. “We will exclusively have 11 double-car, three-

bedroom townhomes that will be sold to the public, and 39 single-car, twoand three-bedroom townhomes will be sold through the Attainable Homes program (attainyourhome.com),” Mahon says. To learn more about the various Arrive projects, visit arrivehome.ca

MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 25

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Diseño offers unique blend of townhomes and apartment condos in

Sherwood LANDMARK HOMES PAYS HOMAGE to “design”

by creating a stylish, modern and vibrant community, appropriately named Diseño (the Spanish word for design), that offers a unique blend of townhomes and apartment style condos in the northwest Calgary’s popular community of Sherwood. “Diseño offers an exclusive grouping of 53 townhomes and one four-storey apartmentstyle condo building with just 16 suites per floor all surrounded by greenspace, so it will feel like a private, little community within Sherwood,” says Andreas Angellakis, area sales representation. “We have a park, pond and pathway on the right side of our development, so almost all our townhomes will view the greenspace and, for those along the boulevard, we’re putting in a

28 YPNEXTHOME.CA

green buffer,” he says. “We’ve launched pre-sales and we’re getting a really positive response from people who love the location, the exterior design is something a little different with Hardy board and stucco siding and glass balconies, and we have a unique variety of choice,” Angellakis says. “We really have something for everyone and are getting a mix of buyers including first-time, young professionals, young families, emptynesters and down-sizers.” Diseño presents five apartmentstyle floorplans including onebedroom, one-bedroom plus den, two-bedroom and two-bedroom

Location

Sherwood Builder

Landmark Homes Development

Diseno Townhomes and Condos Home Type

Apartment condos 703 to 1,209 sq. ft. Sales Centre

Corner of Shaganappi Trail and Symons Valley Parkway NW Contact

403.235.3857 liveatdiseno.ca

plus den designs ranging from 703 to 1,186 sq. ft. starting from the $190,000s. The three-storey townhomes have five models – one with a tandem garage that fits two vehicles, the rest with double side-by-side car garages – in two-bedroom with loft or three-bedroom designs all with 2.5 bathrooms, ranging from 1,131 to 1,563 sq. ft. and starting in the $330,000s. Interiors for both condo and townhome styles are well-appointed featuring maple cabinets with modern chrome finishes, fullheight tile backsplashes, stainless steel appliances, pantries, laminate floors, shag carpet on stairs and in bedrooms, flush pot lights and laundry with washer and dryer. There are nine-ft. ceilings in the suites on the first and fourth floors, and on the main floor in the townhomes, and buyers will receive a one-year Telus multi-media package. The condo building also has underground and surface parking stalls available. “All the apartment condos have large windows and we’ve positioned the building in an east-west direction so we could make the most of the sun exposure and the park views,” Angellakis says. “In addition, the glass balconies are quite large and some of the townhomes are able to offer two balconies. Several townhome designs offer a walkout with patio and balcony, and the double-car garage townhomes have a developed bonus room on the garage level for added space.” Buyers can personalize their homes by choosing from three colour palettes and from upgrades such as quartz counter tops and hardwood floors. Landmark also builds Green with energy efficient windows, appliances, hot water tanks and furnaces, along with LED lights and low flow fixtures. A major benefit to buyers is the location being across from a new commercial development that already includes the Loblaws’ City Market, with two restaurants opening soon and a future professional building. As well, a new Walmart is just down

the street, with more shopping available at Beacon Hill centre, in Nolan Hill, at the Symons Valley Ranch Farmers’ Market and at Creekside centre just minutes away. Sherwood is a newer community with established amenities. Residents can enjoy parks and pathways, walk to great shopping and have easy access to transit and major routes such as Stoney and Shaganappi Trails. Landmark will celebrate the pre-sale of its apartment-style condos on May 28. For more information on Diseño, visit the sales centre at the corner of Shaganappi Trail and Symons Valley Parkway, N.W., open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.235.3857 or visit liveatdiseno.ca MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 29

Trending

Albi, Luxury by Brookfield Residential recognized with two top awards at the CHBA National Awards for Housing Excellence

ALBI, LUXURY BY BROOKFIELD RESIDENTIAL, has been awarded the Canadian Home Builders Association’s award for Design Excellence and Marketing Excellence, sweeping the two top categories at the inaugural National Awards for Housing Excellence on May 6. These prestigious awards highlight excellence in the housing industry and the very best in new homes, home renovations, community development and marketing across Canada. Albi, Luxury by Brookfield Residential, received four awards in total: Design Excellence Award, Marketing Excellence Award, Attached 1,500 Square Feet and Over for Vistas of Tuscany, and Design/Decor Centre for The Galleria at Albi. “It’s incredibly humbling to be presented with these awards for Albi’s achievement on a national scale. These awards recognize the hard work of our entire team and the commitment they have to bringing a level of customer experience that can’t be rivaled,” says Allan Klassen, senior vice-president, Brookfield Residential Calgary Homes. “We have a talented and dedicated team who bring dreams to life for our customers every day. We are truly excited about

30 YPNEXTHOME.CA

MORE TRENDING ONLINE nexthome.yp.ca/news

what is to come being a part of Brookfield Residential.” Brookfield Residential, a leading home builder and developer, acquired Albi Homes in November 2015. The addition of Albi brings a new level of customer experience to homeowners in Calgary, with enormous choice of home styles and products in all areas of the city. “From their first condo to their dream family home, we are able to deliver a life well built in the best communities Calgary has to offer,” says Klassen. Brookfield Residential continues to develop new communities and build a broad spectrum of homes in Calgary and the surrounding region. It will open Livingston, its largest community, in the New North of Calgary in early 2017. Livingston will be home to more than 30,000 residents over the next 15 years.

THE MARK 1O1

PRESENTS SOPHISTICATION, CONVENIENCE AND QUALITY

arking its first project by Shane Homes’ new multi-family division, Nuovo by Shane, the aptly named The Mark 101 provides residents with an opportunity to capture the true essence of suburban living in northwest Calgary. Located in Sage Hill, The Mark 101 presents buyers with sophistication, neighbourhood convenience, and reputation for quality through Shane Homes 37 years as a homebuilder. Offering a unique collection of architecturally-inspired apartment-style condominiums, The Mark 101 consists of three, four-storey buildings with a total of 206 condos. The recently released first building has 67 suites with the majority including heated underground parking. “We launched on April 2 and it was an extraordinary grand opening,” says area manager Dianne Bidinost. “We had 400 people here and we received great feedback resulting in 15 sales in the first 45 days of being opened. “Customers love the quality finishes and the location is prime,” she says, noting Sage Hill is a community that has grown in popularity due to its established amenities such as parks, playgrounds, pathways and naturalized pond, along with a wide

32 YPNEXTHOME.CA

By Heather Ryan

variety of shops, services, restaurants and all within walking distance or a short drive away. “People are thrilled with our 9-ft. ceilings on every floor, which allows for huge 6-ft. windows that include transom windows on top, giving each suite a bright and airy feel,” Bidinost says, adding this combination is on display in the sales centre’s two bedroom showsuite. “When customers walk into the showsuite they are wowed by how spacious and open it feels.” The Mark 101 also offers “a number of ‘house-like’ features such as the transom windows, over-sized decks with gas lines and large kitchens – all gorgeous features that Shane Homes has become known for,” Bidinost notes. “We also have full size laundry rooms with a stacked washer and dryer with tons of storage, unlike the smaller laundry closets most condos have.” Kitchens are well-appointed featuring a large7-ft. island or peninsula with ample breakfast bar seating, granite counters, stainless steel appliances, maple shaker style cabinets, one or two banks of pots and pans drawers, soft closing drawers, pantries, full-height tile backsplash, water line for the fridge and rough-in for garburators. Condos with two bathrooms have a 20-in.

There are five floor plans available to suit a variety of buyers’ tastes, needs and budget deep soaker tub/shower in the main and an oversized walk-in shower in the ensuite. All of our condos come with luxury vinyl plank flooring, 2” faux wood white blinds and knock-down ceilings. There are five floor plans available to suit a variety of buyers’ tastes, needs and budget including one-bedroom, one-bedroom plus den and two bedroom designs ranging from 600 to 887 sq. ft. with a starting price in the $180,000s plus GST. “The condos are designed with ample insuite storage plus there is a secured storage room with large lockers and a separate bicycle storage in the secure underground parkade,” Bidinost says. The exterior offers an appealing architectural design with extensive cultured stone detailing combined with vinyl siding and lush landscape to create a very strong curb appeal. Also plenty of visitor parking and street parking is available, adding to the attractiveness of The Mark 101. Another advantage to buyers is the convenient location; it’s adjacent to future rapid bus transit, across from a new Walmart Supercentre and steps from a new Loblaw’s City Market, with more shopping available at Beacon Hill Centre, Sage Hill Crossing, Creekside Centre, Gates of Nolan Hill, and Symons Valley Ranch Farmers’ Market. As well, major routes such as Stoney Trail and Beddington Trail are just minutes away. For more information on The Mark 101, visit the sales centre/showsuite located at 3727 Sage Hill Dr. N.W., open Monday to Thursday, 2-8 p.m., and weekends and holidays, noon-5 p.m., call 403-536-2388 or visit www.themark101.com to view a virtual tour of the condos MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 33

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MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 35

Could a Foreign Investor Real Estate Craze Be Coming to Alberta?

Recently, traditional real estate indicators, such as

falling continuously since 2013. As such, this year has

household income, have served as only a base to measure

come to represent the first in many years that a Chinese

just how gravity-defiant housing price growth continues

foreign investor would actually have to pay a considerable

to be within the Toronto and Vancouver markets.

amount more for the average home in the Vancouver and

This situation has all but confirmed a sizable presence of

Toronto markets (see figure below). Notably, this is not

foreign buyers within these markets, a topic of which there

the case for Alberta’s historically-sound Edmonton and

is no yielding measure to date. However, some notable

Calgary real estate markets.

agencies have recently “hypothesized” that Chinese

Looking ahead, many economists have predicted that a

foreign investors specifically may have accounted for 14%

Chinese led foreign investment “craze” will likely continue,

and 33% of Toronto and Vancouver real estate sales in

as further woes are expected to plague China’s investment

2015 respectively (National Bank of Canada).

sector.

Arguments regarding the motivations of these investors

In our opinion, all of these points represent a marketable

namely point to a strategy of wealth preservation amidst

opportunity for agents and developers of Alberta’s real

China’s wavering financial system (taken for granted here).

estate markets to attract more of this investment their

However, one of the most interesting situations likely

way.

encouraging this investment is that the price of our real estate in Yuan (China’s currency) has actually been falling over recent years, until now.

As a point of encouragement, consider that Juwai.com, a popular online listing service where Chinese investors can look for international real estate, recently reported that

So far in 2016, the Canadian-Yuan exchange rate has

inquiries about specific properties in Alberta increased

held strong by an annual comparison, after years of

70% in 2015 (Bloomberg News, April 2016).

Annual April-Over-April Residential Price Growth

2013

2014

2015

2016

2013

2014

$Yuan

2015

2016

$CAD

Greater Vancouver

-7.8%

-3.4%

-3.6%

26.1%

-3.5%

3.6%

8.5%

25.5%

Toronto Real Estate Board

-2.7%

-0.2%

-3.6%

13.2%

1.8%

7.0%

8.5%

12.7%

Edmonton Real Estate Board

-2.2%

-2.4%

-8.6%

0.7%

2.3%

4.7%

2.9%

0.2%

Calgary Real Estate Board

-1.0%

-0.7%

-11.6%

0.0%

3.6%

6.5%

0.0%

-0.5%

Source: Intelligence House (BOC, CMHC, TREB and REBGV)

Intelligence House is Alberta’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence, which includes full research, marketing and sales / leasing services for the real estate industry. Our Calgary office is now open! 36 YPNEXTHOME.CA

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

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MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 37

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

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

ANDERSON ROAD

DEERF

AIL

LEO AIL

07 03

Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/ cranston-ridge

02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.

D. BLV

07 AUBURN WALK BY CARDEL LIFESTYLES

Showsuite and Sales Centre Corner of 52nd Street and Auburn Meadows Dr. SE

08 THE MORELLO

42 Legacy Blvd SE

442 Cranford Park SE

15233 1 Street Southeast midcitymidnapore.ca

22 MAHOGANY STREET TOWNS BY HOMES BY AVI 13 Marine Dr SE

23 LEGACY PARK BY BRAD REMINGTON HOMES Register at: mylegacypark.ca

15207 1st SE themorello.ca

10 CANOE BY AVI URBAN

06 CRANSTON BY AVALON MASTER BUILDER

Quarry Park Blvd SE remingtoncorp.com

21 ALTURE MIDCITY BY ALTURE PROPERTIES

04 LEGACY GATE BY CARLISLE GROUP 05 LEGACY STREET TOWNS BY HOMES BY AVI

19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION

111, 100 Cranfield Common SE

09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING

210 Ave. SE www.legacygate.ca

Presentation Centre: 350 Quarry Park Blvd SE

20 ORIGINS AT CRANSTON BY STREETSIDE DEVELOPMENTS

03 MUSKOKA BY BROOKFIELD RESIDENTIAL 65 Auburn Meadows Way

AUBURN BAY

SETO

15 LEGACY

MAHOGANY

CRANSTON

05 WALDEN 01 04 23 26 24

W ST. 52

D TR

VITT

McKE

CHAPARRAL

COPPERFIELD

TRAIL

N F LOR UIS O

01 CRANSTON RIDGE BY CARDEL LIFESTYLES

18 THE GATES BY REMINGTON DEVELOPMENT CORPORATION

02 11

MARQ

6 Mahogany Terrace SE

347 MacKenzie Towne Gate

NEW BRIGHTON

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

52 STREET

SOUTHLAND DRIVE

52 Legacy Gate SE

BARLOW TRAIL

GLENMORE RESERVOIR

15 LIVINGSTONE TOWNES BY TRICO COMMUNITIES

232 Quarry Park Blvd. SE

24 JACKSON BY AVI URBAN

Coming soon to Walden

25 RIVERSTONE MOSAIC BY BROOKFIELD RESIDENTIAL 98 Cranbrook Dr. SE

26 WALDEN PLACE BY CARDEL LIFESTYLES Coming Soon

103 Auburn Meadows Dr.

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

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MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 39

Property Profile | AVI URBAN

Avi Urban Honoured as Multi-Family Builder of the Year

SINCE ITS INCEPTION, AVI URBAN has strived to create innovative multi-family developments and its efforts were recognized on April 16 when the builder was presented by the Canadian Home Builders Association - Calgary Region with the Grand SAM Award for Multi-Family Builder of the Year for 2015. “To be given the opportunity to carry the recognition as the Multi-Family Builder of the Year feels great,” says Charron Ungar, president, Avi Urban. “At Avi Urban, we work hard every day without any expectations for an award, but when you get a nod of respect from your partners and your competitors for a job well done, it gives you and your team a great sense of pride and accomplishment. “We’ve done about 20 projects now and our ability in the last few years to do what we’ve been able to do is because we’ve enhanced our team and brought all the elements together so that we can deliver innovative and 40 YPNEXTHOME.CA

creative projects that continue to raise the bar,” Ungar says, noting that six different projects were finalists or award winners in different categories. “It’s really exciting when that all comes together and to get to that level where the sky is the limit and be successful. Being selected as Multi-Family Builder of the Year shows we’re doing things right and it’s a great honour to be recognized.” Along with the Grand SAM, Avi Urban won the Best Townhome Design - $300,000-$359,000 for its Jasmine model in Willow at Sherwood – a two-bedroom plus den, 2.5-bathroom three-level townhome. “It’s framed with lots of windows so the light really permeates through the space giving a very bright, spacious feel, and we gave it an urban aesthetic and a transitional style so it has a modern feel that appealed to young buyers,” Ungar says. “With the layout, we tried to make it as functional as possible with an over-sized kitchen,

MORE PHOTOS ONLINE nexthome.yp.ca/avi-urban

open design and larger than expected bedrooms… it was a winning formula.” Avi Urban was also a finalist for the Best New Design – Villa/Duplex/Townhome up to 1,199 sq. ft. award for The Scarlet in Jackson at Walden. “Jackson was Edison 2.0,” Ungar explains, referring to Avi Urban’s highly successful Edison townhome development in Walden. “We took everything we learned and that was successful in Edison and rolled it into Jackson.” As well, Avi Urban had two projects – Edison in Walden and The Post in Nolan Hill – that were finalists for the Best Multi-Family Community. “For both developments we set the bar extremely high and we’re pleased they were both nominated,” Ungar says. “With Edison, we introduced a new architectural style that is beautiful, and The Post has a great location backing onto a pond with a more Colonial

architecture with a lot of brick and exterior detailing and we’re very proud of our achievements with both projects.” The builder also won the Janine Coughlin Marketing Campaign of the Year award for its Duke at Mission campaign. “This is an important award because marketing is a huge part of what we do. You can have the best project in the best location, but at the end of the day if you’re not getting the message out, it’s not going to be successful,” Ungar says. In the Sales Achievement category, Avi Urban’s sales team for Canoe at Auburn Bay was a finalist. “We put together a great development in Auburn Bay, which is a well-designed lake community, so we wanted to meet and enhance that. We have a great sales team that focused on customers and getting the message out, so to achieve a high level of sales and be a finalist is really great.” MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 41

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Advice | MORTGAGE ADVICE

Things to consider before buying an investment property By Alyssa Richard

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

AN INCOME PROPERTY can be a good

way to make money, especially in retirement. However, there are some things you need to think about before taking the plunge. Here are the advantages and disadvantages of buying an investment property: Advantages You can use leverage: If you have equity in your home, you can use it to help finance the purchase of another property. In a low-interest rate environment, mortgage rates are lower as are the costs of buying an income property. You’ll build up more equity when you earn rental income to pay down the mortgage. In the future, you could use that additional equity to buy another property – or properties – but you should ensure you can make larger mortgage payments when rates increase. You can earn additional income regularly: As long as you have a tenant, you’ll earn monthly income on a regular basis. The more investment properties you have, the more you could potentially earn. You don’t often get regular income from other types of investments. You get tax deductions: While you’ll earn rental income, you’ll also be able to deduct any expenses. Advertising, insurance, maintenance and repairs, property taxes, and legal fees are just a few of the expenses that are deductible. It’s best to consult with

your accountant to find out what costs you can deduct. Disadvantages You may need additional financing: If you want to buy a multi-unit property and intend to live in it, you’ll need a down payment of between five and 10 per cent, depending on the total number of units in the property. But when you purchase a property you don’t plan to live in, you need a down payment of at least 20 per cent. Also, some lenders won’t recognize 100 per cent of the potential rental income you might expect to earn; some may consider just 50 per cent, while other lenders might consider 80 per cent. In other words, you could be forced to make a bigger down payment to qualify for a mortgage. You may not always have a tenant: Ideally, you’ll earn enough rental income to cover your annual costs. However, you’ll still need to make mortgage payments without a tenant. You should be prepared for the worst and have an emergency fund for the times you don’t have someone to rent your place.

Your property isn’t a liquid investment: If you own stocks or bonds, you can buy and sell them quite quickly. However, it can take a long time between listing your property for sale and the closing date. This might be a problem if you need the money right away. You have additional responsibilities: Being a landlord can be a difficult job. You’re responsible for any maintenance and repairs that need to be done. But there are also some headaches you have to deal with, like a tenant that damages your property or misses a rent payment. The alternative is to hire a property manager. He or she can take care of those problems but at a cost to you. While an investment property will provide you with additional income, it’s good to be aware of the pros and cons before you ultimately decide to make a purchase.

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.

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Advice | CONTEMPLATING CONDOMINIUMS

Realtor ‘agency’ valuable to buyers/sellers By Linda Palfi

MORE ADVICE ONLINE nexthome.yp.ca/news/advice BOTH BUYERS AND SELLERS of condominium homes obtain protection and services when they use a realtor to represent them. But they should understand whether the realtor represents them only, or serves as “dual agent” representing both the buyer and seller. Let’s say you’re shopping for a new or resale condo home, and find a condominium-specialist realtor who can help you with market information, gain access to any property on the market, and who will give you market data and negotiating advice when you offer to buy a nice place. That realtor is your “agent,” which is a real estate term for “representative,” but it carries the weight of performance duty under Alberta law. The realtor must be competent, actually know about condominiums, must serve your interests, keep confidences, disclose information about the property, and take your lawful instructions. In technical language, these are “fiduciary” duties. In most cases, your realtor represents you only. He or she will give you access to all the properties listed on the MLS, and we realtors carry an electronic key which will open 4,000 to 6,000 condo and single-family resale homes on the market at any given time in Edmonton or Calgary. One phone call to a realtor... 6,000 keys. It couldn’t be more convenient. An experienced 46 YPNEXTHOME.CA

realtor will also be familiar with many of the condominium showhomes currently open, and know the type of construction being used. He or she will guide you to condo communities that are being built for your age group and lifestyle. At some point in your viewing of homes, the realtor may show you a new or resale home that perfectly matches your needs, and which they have listed for sale personally on behalf of the seller. In other words, they are already the seller’s agent. They will also be your agent if you offer to buy the property, so the realtor would be “dual agent” for the two parties. Whether a transaction takes place or not, the realtor’s duties are in effect. This dual agency is not necessarily a problem, but places some new burdens on the realtor. For example, on the one hand, the realtor must disclose to you anything they might have learned about the property when listing it and discussing the property with the seller. On the other, they must not disclose to the seller how much you’re willing to pay for the place, nor to you what the seller might be willing to accept, if they know. As well, a little bias might come into play, as the realtor could earn both the sellers’ and the buyers’ agency fees (“commissions”), if they represent both parties. Of course, people have every right to refuse dual agency. If you’re selling your home, condominium or otherwise, you can simply require that any buyer have his or her own representative. A fee from you to pay a buyer’s representative will be part of your listing agreement, so you certainly have something to say about it. As an alternative, you can

ask your listing realtor to reduce the total commission payable in the event that they represent the buyer, as well as the seller, which the industry nicknames a “double-end” transaction. Some realtors have even found themselves in three-way agency, as two parties offer to buy the same home, found through that realtor’s open house the first weekend the property was on the market. These instances of competing offers usually see representation of one of the parties assumed by an experienced colleague, or by the realtor’s broker. Even if there is only one party making on offer, buyers can, if they want, also insist on single-agency representation. The realtor losing the dual-agent role might not like the compensation split needed to pay another realtor, but so be it. Yet, in fact, these steps are usually not necessary, as good market information and full property disclosure will usually point to the property’s value. Reputable realtors working for their clients’ best interests will always enjoy client loyalty. But sellers and buyers alike should feel free to ask about single agency, dual agency and about who is paying whom to represent them. The world of real estate, a volatile marketplace, varying qualities of homes and locations are all complex at best, overwhelming at worst. Buying or selling, professional real estate agency will serve you well. 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

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TR AIL PI NA SH AG AN

DR . HIL L NO SE

AIL EY TR STON

NOSE HILL PARK

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

CALGARY INTERNATIONAL AIRPORT

64 Ave

16 AVENUE

SARCEE TRAIL

TRA

36 STREET

17 Ave

05 15 11

IV E

GLENMORE RESERVOIR

DEERF

OOT T

M AIL NE F LOR UIS O

MARQ 17 06

02 BROOKLYN CONDOMINIUMS BY TRICO HOMES

05 OVERTURE ESTATE CONDO LIVING IN CURRIE BARRACKS BY JAYMAN MODUS

03 WALDEN PLACE BY CARDEL LIFESTYLES

Coming Soon Register www.cardellifestyles.com

2330 Fish Creek Blvd. SW www.sanderson-ridge.ca

13 ALTADORE 36 BY BROOKFIELD RESIDENTIAL

36th St. & 16th Ave SW Register Now www.altadore36.com

TRAIL

Currie Barracks

16 AXESS BY SLOKKER CANADA WEST

Currie Barracks Sales Centre www.gainaxess.com

04 THE LANDINGS BY STATESMAN

1710-28 Ave. SW www.brooklyncondos.ca

12 SANDERSON RIDGE ON FISH CREEK PARK BY TELSEC

15 THE ARMORY BY COVE PROPERTIES

01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 1020 194th Ave S.W. www.hunterhouseliving.com

10 VIVACE BY STREETSIDE DEVELOPMENTS

1605 25 Ave SW

AIL D TR LEO SHERIFF KING ST. SW

VITT

McKE 194 AVE

98 Mission Road SW mission34.ca

14 MAX TOWNHOMES BY ASSURED DEVELOPMENTS

TTO BO

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S JAME

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SHAWNESSY BLVD.

09 MISSION 34 BY ASSURED COMMUNITIES

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

ANDERSON ROAD

Presentation Centre: 2719 14th St. SW

11 JUNO BY AVI URBAN

SOUTHLAND DRIVE

FISH

08 ALEX BY ASSURED COMMUNITIES

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

BARLOW TRAIL

ORE

MacLEOD TRAIL

ME M O R I AL

37 STREET

GLE

69 STREET

85 STREET

16 AVENUE

BLACKFOOT TRAIL

OLD BANFF COACH ROAD

32 Ave

EDMONTON TRAIL

14 STREET

ENU

ELBOW DRI VE

16 A V

CENTRE STREET

SOUTHWEST COMMUNITIES

17 LEGACY GATE BY CARLISLE GROUP

771 Patrick St. S.W.

#101, 11 Burma Star Road

06 LEGACY PARK BY BRAD REMINGTON

07 GLAS BY AVALON MASTER BUILDER 102, 1808 27th Ave. SW

210 Ave. SE. www.legacygate.ca

18 THE HENRY BY BROOKFIELD RESIDENTIAL

Presentation Centre: 3620 - 16 St. SW.

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 MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 49

13:58

Neighbourhood Profile

The Beltline One hopping ’hood in Calgary By Kait Kucy

Fast facts Average household income

$70,388

Most common housing type

Highrise

Family composition

SINGLES

COUPLES

FAMILIES

58%

33%

Own vs. rent

33% OWNERS

MORE PHOTOS ONLINE nexthome.yp.ca/beltline

67%

THE BELTLINE is a unique area of the city, where highrise and walkup residences mix with retail, restaurants and parks. Among the many greenspaces, Central Memorial Park is a favourite and a popular spot for weddings. The Beltline can be described as one of the most densely populated and vibrant communities in Calgary; full of families and young professionals.

Lifestyle The Beltline’s lifestyle is definitely active and vibrant, as residents love to be in the mix of culture, food and style. All year round, people enjoy the outdoors in the Beltline parks. Patios are jam-packed in the summer and new restaurants are always opening. A great area for families, there is plenty of activities and resources for all ages. Vibe The Beltline is a hip and trendy community busting at the seams with young families, professionals and long-time residents. An active lifestyle is favoured in this area, complete with 50 YPNEXTHOME.CA

plenty of parks to exercise and play in. The Beltline is rarely quiet as it is constantly bustling with activity. Meet the neighbours With all the amenities and parks nearby, this is an ideal place for families who want to live the condo lifestyle. As you might imagine, it is already filled with lots of kids and dogs. However, if you are more into the adult lifestyle, don’t dismay — there are plenty of condo buildings that are adults-only. In the area The Beltline area is slightly above average. Rents have gone up in recent years due to high demand and newer condo buildings introduced to the market. However, you can still find affordable accommodations to live in. This area also has both high-end eateries and lower-end coffee joints, making it a decent place to grab a bite to eat. Planes, trains & automobiles One of the best ways to get around is by public transit. Thanks to the central

RENTERS Education levels

44% UNIVERSITY

31% HIGH SCHOOL

25% COLLEGE

SOURCE: ENVIRONICS

location, you can get around quite easily. Residents also love to use Car2Go or ride their bikes. Pedestrians are also everywhere — it is a very walkable area of the city with such close access to downtown Calgary. The good, the bad & the rest One of the best things about the Beltline is its easy access to the Sheldon Chumir Health Centre. With an Urgent Care admittance among many other clinics in the building, it is very helpful for residents in this area. Haultain Park, Central Memorial Park, Beaulieu Garden and others make this a friendly area to enjoy public greenspaces.

Advice | FUNDAMENTALLY SPEAKING

6 homebuying tips for first-timers By Wayne Karl

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

PLANNING TO BUY YOUR FIRST home

and not sure where to begin? Here are six homebuying tips to help you prepare. 1. Get with the programs There are various government programs available to help you buy a home. Home Buyers’ Plan (HBP): The HBP allows first-time buyers to withdraw up to $25,000 from their RRSP to put toward a down payment on a home. You have up to 15 years to repay the funds. First-Time Home Buyers’ Tax Credit (HBTC): Eligible first-time buyers can apply for the FTHB to help offset the costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes. The credit can provide up to $750 in federal tax relief. More information on these programs is available at cra.gc.ca

2. Explore your options First-time buyers can buy a home with as little as five per cent of the purchase price as a down payment – as long as the property is less than $500,000. Anything higher than that, and the minimum down payment for the portion of the price higher than $500,000 is 10 per cent. So, assuming your price range is at that threshold, you’ll need to come up with at least $25,000. At that purchase price, depending on the market you’re in, this could mean you’d then be looking at a townhome, semi-detached or even a condo, instead of a detached home.

3. Check with the bank of mom and dad If your parents are baby boomers who have had the good fortune of building equity over the years as they paid down their mortgage while the value of their property multiplied, well… they may be in a position to help. Many buyers are hitting up the bank of mom and dad. In the last two years, 28 per cent of first-time buyers called on the bank of mom and dad to help finance their purchase; from 2010 to 2014, only 17 per cent did. 4. Become tech savvy Mortgage consumers are becoming very tech savvy. In Canada Mortgage and Housing Corp.’s 2015 Mortgage Consumer Survey, 78 per cent of respondents researched online, with 70 per cent using an mortgage calculator to help determine their payments. And social media is playing a more important role – 20 per cent used sites such as Facebook to learn more, 17 per cent used a mobile device, and of those, 22 per cent used a mortgage related app. And all of these figures are growing. 5. Befriend a broker or banker Like many things in life, it’s all about relationships. And whether you use broker or a banker to secure a

mortgage, you’ll likely come to value the relationship. In the same CMHC survey, consumer loyalty strengthened the longer people stayed with their lender. But since we’re talking about money, people are willing to switch lenders to get a better rate and save – a fact which is much more prevalent for bankers than brokers. And because brokers are able to offer products from multiple lenders, as opposed to bankers who offer only the products of their own institution, the market share held by brokers is growing notably, particularly among repeat buyers. 6. Research, research, research These days, with prices rising as they are and uncertainty in some markets, thorough research is an absolute must. Everything from your target area, desired housing type, builder or realtor, finances, how much you can afford, who you borrow from and the structure of your mortgage – take your time. Take months. Don’t rush anything. Anything. Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl. MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 51

start your search here. Whether youâ€™re renting or buying, finding your next home has never been so easy.

CALGARY’S SATELLITE COMMUNITIES 21 THE WHITNEY BY LANDMARK HOMES

22 04

02 11 03 01 COCHRANE 08

211 & 215 Fireside Parkway Cochrane, AB

AIRDRIE

10 12 15

13 14

09 CREEKSIDE VILLAGE BY CARLISLE GROUP

2 21

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

10 STONEKEEP AT KING’S STRATHMORE HEIGHTS TOWNHOMES BY MERGE 1 DEVELOPMENTS

CALGARY

1225 King’s Heights Way SE Airdrie, Alberta

CHESTERMERE

797

11 BRAND BY BIRCHWOOD

LANGDON

BLACK DIAMOND

22X

Coming Soon 169 Clydesdale Way Cochrane, Alberta

22X

12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST

2802 Kings Heights Gate

13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS

OKOTOKS

546

TURNER VALLEY

Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com

543 22

14 HILLCREST TOWNHOMES BY EXCEL HOMES

HIGH RIVER

COCHRANE 01 TOWNHOMES AT JUMPING POUND RIDGE BY SLOKKER CANADA WEST

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

02 HEARTLAND TOWNHOMES BY EXCEL HOMES 137 Heartland Way, Cochrane, Alberta

03 THE RISE BY JAYMAN MODUS

04 SUNSET RIDGE STREET TOWNS BY HOMES BY AVI 36 Sun Valley Road Cochrane, Alberta

05 STONECREEK LANDING BY CARLISLE GROUP

625 Glenbow, Cochrane, Alberta www.stonecreekcondos.ca

06 THE VILLAGE BY CALBRIDGE HOMES 3102-15 Sunset Square Cochrane, Alberta

07 RIVERREACH VILLAS & MANORS BY JAYMAN MASTERBUILT 13 Riviera Way Cochrane, Alberta

101 Hillcrest Dr. SW Airdrie

15 ZEN RAVENSWOOD BY AVALON MASTER LETHBRIDGE BUILDER

1403 - 2400 Ravenswood View SE

08 THE RANGE BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta

22 SUNSETRIDGE TOWNHOMES BY EXCEL HOMES 24 Sunrise View Cochrane, AB

20 SUNSET BY JAYMAN INNOVATIONS

24 Sunset Rd. Cochrane, Alberta

501 Riverheights Dr. Cochrane, AB

SEARCH ONLINE ypnexthome.ca

MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 53

Inspiration | STYLE FILE

ONLINE

Condo-friendly plants

We can’t all have a green thumb, and we don’t all have the outdoor space needed for a garden, but these condo-friendly plants will satisfy your urge to plant.

1. The money tree

3. The snake plant

This plant comes in all shapes and sizes; they do not require too much direct sunlight and live well indoors. They only need water about once a week and if you’re lucky, they will bring you good fortune!

This plant is also known as “motherin-law’s tongue” and requires minimal light, a little water and will help purify the air in your condo.

2. Moth orchids Although they can be hard to bring back to life, orchids are beautiful flowers that usually last about five or six months with minimal care. They need only a bit of water about once a week, so be careful not to overwater.

See Jackie Marchildon’s full list of condo-friendly plants online. Read the full story… nexthome.yp.ca/condo-friendly-plants

54 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:

Salesperson:

Phone:

Developer/builder:

Type:

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

Sq. ft.:

# of bedrooms:

# of bathrooms:

Interior appliances:

Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:

Financing available:

Other comments:

MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 55

Homebuyers’ Help

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

variable 2.6 4.00op 2.35

Bank of Montreal

2.7

Bank of Nova Scotia

2.9

Canadian Western Bank CIBC

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 2.84 6.35op 3.14 2.84 3 3.20op 3.14 6.70op

2.64

2.49

2.64

2.74

2.09

2.59

2.74

2.58

2.99

3.39

3.89

2.59

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.79

2.44

4.09

4.79

3.04 2.84 2.94

3.65 2.84 2.84

4.39 2.89 2.79

4.64 2.89 2.89

3.04

3.39

2.74

2.84

2.79 2.39

3.34 2.44

3.99 4.39

4.44 4.64

2.84

2.29

3.89

2.69

3.24

3.49

3.69

3.79

2.7 6.95op

Equitable Bank ICICI Bank Canada Manulife Bank

2.75 2.6

National Bank

n/a

President’s Choice Finan Royal Bank

2.70 2.6

TD Canada Trust

2.6

Tangerine

2.7

4.45 4.4 6.70op

6.75op

3.14 6.75op 2.99 6.30op 3.19

TRUST COMPANIES Community Trust Effort Trust

n/a n/a

Home Trust Company 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

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

2.64 2.74

3.09

3.39

3.89

4.49

4 6.30op 6.2 6.40op 3.1 4.25 6.50op 4.2 6.50op

2.85 6.30op 2.84 6.30op 2.29 2.89 6.50op 3.14 6.30op 3.25 6.25op 2.84 6.30op 2.99 6.30op 2.8 2.95op 2.45

2.09

2.59

2.74

2.58

2.89

2.95

2.99

2.89

2.24 2.79

2.49 2.89

2.64 2.95

2.69 2.89

3.09

3.39

3.89

4.74

3.2

3.65

4.5

2.79

2.64

3.89

2.49

2.69

3.49

3.99

4.64

2.85

2.95

3.05

3.15

2.55

2.65

OTHER FINANCIAL INSTITUTIONS Alterna Savings

2.35

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

PACE Savings & C.U.

4 5 6.70op

Parama Credit Union

2.65

Steinbach Credit Union

2.25

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 May 9, 2016. Prepared By Fiscal Agents Financial Information Services 905.844.7700

56 YPNEXTHOME.CA

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Visit our website: MAY 27 - JUN 24, 2016 | NEW CONDO GUIDE 57

Ad Index

ADVERTISERS Albert Park Station - Carlisle Group

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Legacy Gate - Carlisle Group

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Legacy Park - Brad Remington Homes

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Champagne - Remington Development Corp.

31-33

Park Point - Qualex Landmark

1, 11-13

Cityscape - Mattamy Homes

Radius - Bucci Developments

Concepts - Landmark Builders Group

Sanderson Ridge - Telsec

Copperfield Park III - Brad Remington Homes

Smith - Grosvenor Developments

Creekside Village - Carlisle Group

StoneCreek Landing - Carlisle Group

Stonekeep - Merge Developments

Diseﾃｱo in Sherwood - Landmark Builders Group

27-29

Emerald Sky - Carlisle Group

Westman Village - Jayman Built

The Gates - Remington Development Corp.

Zen Cranston - Avalon Master Builder

GLAS - Avalon Master Builder

Zen Ravenswood - Avalon Master Builder

The Guardian - Hon Towers Ltd.

58窶ズPNEXTHOME.CA

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