Calgary New Condo Guide - Aug 18, 2017

AUG 18 – SEPT 15, 2017 | nexthome.ca

E 10 SEE PAEGTAILS FOR D

THE Q&A: PASSIVE HOUSING AND THE ‘MISSING MIDDLE’

TOP PLACES TO INVEST IN REAL ESTATE IN ALBERTA

YOU’RE NEVER FAR FROM A MATTAMY HOME THE PERFECT HOME FOR YOUR FAMILY IS CLOSER THAN YOU THINK From the very first home we built in 1978, we’ve always had one goal: to make every Mattamy homeowner completely satisfied. Since then, we’ve built 90,000 homes in hundreds of communities across North America.

Today, as Canada’s largest home builder, we’re taking our lifetime of dedication to quality and design and leaving our mark in Calgary. Mattamy Homes is proud to take our commitment to building thoughtfully designed homes and communities in places you want to live.

With over 2500 thoughtfully designed homes in and around Calgary, a Mattamy home is a home you’ll value for a lifetime.

FROM $359,990

FROM $299,990

FROM $252,990

Find your next home at mattamyhomes.com /Calgary

COMING SOON

COMING SOON

Find your next home at mattamyhomes.com /Calgary

CATCH THE BEST SUMMER DEAL IN AIRDRIE’S

NEWEST AMENITY RICH COMMUNITY.

Railway Gate SW

SINGLE FAMILY HOMES

Ironhorse Park

8th Street SW

424’S

*

10 Flexible Models.

Love it or Customize it! *Price includes house, lot & GST. Subject to change without notice.

Midtown St SW

Yankee Valley Blvd. SW

Showhome Hours: Mon - Thurs: 2-8 pm • Sat, Sun & Hol: 12-5 pm info@shanehomes.com shanehomes.com #betterwaytobuild

Paired + Street Town Sales Centre

Midtown Gate SW

Midtown Place SW

604 Midtown Place SW, Airdrie • 403-536-2312 • midtown@shanehomes.com

Midtown Crossing SW

Front Drive Sales Centre

Midtown Parkway SW

STARTING FROM THE

Midtown Blvd SW

WITH A DOUBLE FRONT ATTACHED GARAGE

$

N

AIRDRIE

YOU’R E IN VITED

Gr a nd Opening Satur day September 23r d 12 to 4pm at the Quar ry Par k Pr esentation Gallery: 350 Quar ry Par k Blvd. SE OUTSTANDING TOWNHOMES IN CALGARY’S PREMIER RIVERSIDE COMMUNITY Gatestone Townhome Collection provides a unique setting for 15 discerning purchasers, offering an exceptional level of finishing standards and the opportunity for further personalization from our curated and edited options. Set within the picturesque community of Quarry Park, Gatestone will soon establish the standard for boutique residential excellence.

403.930.6900

quarr y park.ca

Luxury Villa-Style Estate Condominiums It’s not only the expansive walk-out patios and lush garden views that make our prestigious, ground floor Reflection Estate Condos so exceptional. Nor is it simply the unprecedented design and uncompromising finishes and features of the suites. Look beyond the breathtaking landscaping that surrounds you and experience the wealth of indulgent amenities and services, lakeside living and inspired, luxurious lifestyle that awaits you. This exquisite resort-style community is unlike anything you’ve ever seen, but have always dreamt of calling home.

LAST REMAINING SUITES

$729,900

Estate Condominiums 2 Bed 1,527 SQ. FT.

*

*GST not included. Prices subject to change without notice. E.&O.E.

Call 587-350-0237 or register at WESTMANVILLAGE.COM

Visit our new show suites at the PRESENTATION CENTRE 1955 Mahogany Boulevard SE | Ph: 587-350-0237 Mon-Thu: 2pm-8pm, Sat-Sun & Holidays: Noon-5pm, Fri: Closed

AUG 18 – SEPT 15, 2017 | VOLUME 20 ISSUE 9

CONTENTS

12

ON THE COVER:

GENESIS BUILDERS GROUP BAYVIEW 10 IN AIRDRIE – AFFORDABILITY WITHOUT COMPROMISE

8 NextHome.ca

special feature: VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

26 TOP MARKETS WHERE TO INVEST IN REAL ESTATE IN ALBERTA

Jennifer Reynolds MANAGING EDITOR

Wayne Karl ACTING ART DIRECTOR

Miguel Cea CONTRIBUTING EDITORS

Sonia Bell Elisa Krovblit Lydia McNutt DESIGN EDITOR

TRENDING

32 Fundamentally

14 CMHC

How heavy is your debt load?

Problematic conditions persist in Canadian market: CMHC

18 Housing Market

Calgary home prices; Alberta economy

BY WAYNE KARL

48 Calgaryism

First impressions are everything

24 Housing Market

Rebuilding Fort McMurray; CMHC debt report

25 Moving

It’s moving season... so watch out for rogue moving scams

62 Bank of Canada

Making sense of rising interest rates

66 Finances

Mortgage survey; interest rates at Canada’s banks

PROPERTY PROFILES

16 Shane Homes

Buyers feel right at home in Orion showhome in Midtown

46 Avalon

ZEN in Redstone in tune with today’s condo buyers

54 Slokker Homes

Axxess offers great location in south Calgary

ADVICE

22 Contemplating Condos

Who owns your deck and parking stall?

INSPIRATION

34 Design Secrets

Give your foyer some special treatment

42 Round Up

Small space survival tips

IN EVERY ISSUE

10 Editor’s Note 33 What’s Online DISTRICT MAPS

11 21 31 39 45 53 65 69

Airdrie Downtown

NEW HOMES

Melanie Gowans 403.200.8462 MEDIA CONSULTANT NEW CONDOS

Natalie Houghton 587.226.1313 SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNERS

Sandra Hanak-Vujnovic, Mike Terentiev Greg Van Sluytman

Published by

A brand of Yellow Pages Homes Ltd. Calgary NextHome is published 13 times per year. We are located at: 2891 Sunridge Way NE, Calgary, AB T1Y 7K7 Phone: 587.226.1313 The magazine is free to the public.

Southeast Northwest Northeast Southwest Cochrane Okotoks

NEIGHBOURHOOD PROFILE:

Sunalta

SENIOR MEDIA CONSULTANT

BY CODY BATTERSHILL

BY LINDA PALFI

61

Yanic Simard

Speaking

Advertising For National Advertising inquiries call 416.263.6783.

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.

Call 1-855.826.4200 to discuss distribution opportunities.

Copyright 2017 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.

Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice.

E. & O. E. Editorial Submissions from interested parties will be considered. Please submit to the editor at lydia.mcnutt@ypnexthome.ca.

AUG 18 - SEPT 15, 2017 9

NEXTHOME

EDITORS’ NOTE OPEN UP TO THE POSSIBILITIES

LYDIA MCNUTT SENIOR EDITOR EMAIL: Lydia.McNutt@ypnexthome.ca TWITTER: @LydiasTweets

WAYNE KARL MANAGING EDITOR EMAIL: Wayne.Karl@ypnexthome.ca TWITTER: @WayneKarl

+ get social 10 NextHome.ca

WHEN WE FIRST SET OUT to plan NextHome – a rethink of the former New Condo Guide and New Home Guide, our team jumped at the opportunity. Change is part of business, part of life, and increasingly part of the homebuying process.

Indeed, the home hunt has changed. Calgary is growing by leaps and bounds. According to the latest census data, the city’s population increased by 13 per cent between 2011 and 2016 – almost triple the national growth rate. With 1.2 million people now calling Calgary “home,” the question is, where exactly is home?

Here’s where we step in. With more than 25 years in the real estate business, we’re still your source for all things “home.” What’s changed?

• We have a new name • We now cover all housing types in one convenient source, from lowrise to highrise and everything in between • We report on local news and national topics that impact your homebuying decision • We have a fresh new look, with articles designed to educate, entertain and inspire you.

Changes aside, our goal is still to give you the right tools to navigate the exciting, oftenconfusing and always-changing homebuying landscape.

For starters, you’ll want to flip to page 26 and read our special feature on Alberta’s Top Places to Invest in Real Estate.

There’s lots more to take in, so sit back, relax and enjoy. You’re just getting started.

Interact with us on social media: nexthome

HOT PROPERTIES / CALGARY AREA

AIRDRIE

6

10

6

1

Elizabeth II Hw y Quee n

11

8

7

3 2

2

7. PIER 11 By: Genesis Land Development Corp.

Builders: Genesis Builder Group pier11airdrie.com

4 5

8. MIDTOWN

9

NOTE: Please match map numbers with property listings.

NEW HOMES

NEW CONDOS

By: Wenzel Developments & Apex Developments Builders: Shane Homes, Excel Homes, Trico Homes midtowninairdrie.com

1. BAYSIDE ESTATES

4. HILLCREST

By: Genesis Land Development Corp.

Builders: McKee Homes, ReidBuilt Homes genesisland.com

By: Apex Developments Builders: Excel Homes, Shane Homes, McKee Homes hillcrestairdrie.com

9. THE GATES AT HILLCREST

5. SOUTHWINDS

10. CREEKSIDE CREEKSIDE VILLAGE by Carlisle

2. RAVENSWOOD By: Qualico Builders: NuVista, McKee Homes, Pacesetter, Broadview ZEN RAVENSWOOD by Avalon Master Builder ravenswoodairdrie.com

3. COOPER’S CROSSING By: Westmark Holdings Builders: McKee Homes, Trico Homes, Vesta Properties, Canterra Custom Homes, Crystal Creek Homes and Harder Homes, Lifestyle Homes cooperscrossing.ca

By: Mattamy Homes Builders: Mattamy Homes mattamyhomes.com/calgary

6. CANALS LANDING By: Genesis Land Development Corp.

Builders: ReidBuilt Homes, Mckee Homes, Crystal Creek Homes, Genesis Builders Group, WestView Builders CANALS by Slokker Homes genesisland.com

By: Mattamy Homes Builder: Mattamy Homes mattamyhome.ca/calgary

Group

11. GEORGETOWN @ Reunion by Slokker Homes

12. VISTA CROSSING IN CROSSFIELD By: Dream Development Builders: McKee Homes, Reidbuilt Homes, Homes by Dream vistacrossing.ca

AUG 18 - SEPT 15, 2017 11

COVER STORY

GENESIS BUILDERS GROUP’S BAYVIEW 10 IN AIRDRIE AFFORDABILITY WITHOUT COMPROMISE AFFORDABILITY WITHOUT COMPROMISE in Airdrie is a major success

for Genesis Builders Group’s stylish new homes in Bayview 10 – the first phase of Bayview. Bayview is a new water based community being created by Genesis Land Development Corp. to the west of Bayside.

Genesis Builders Group has already sold 15 single-family homes, and excitement is building up to the September grand opening.

“In Bayview 10, we’ve focused on creating homes and a community that are both affordable and beautiful,” says Marketing Co-ordinator Kelsey Orvis. Orvis also notes that Bayview’s message is – “Because Your Amazing Airdrie Home Should Come at an Amazing Airdrie Price, Genesis is Here!”

“Because affordability without compromise is the main theme, our single-family, front-garage homes have a starting price under 12 NextHome.ca

$400,000,” she says, which appeal to both first-time and move-up buyers. Genesis is offering homes with single and double front garages.

Genesis Builders Group is known for crafting homes that are superbly designed and quality built, with exceptional craftsmanship and specifications, which is continuing in Bayview 10. Two new showhomes will be located in Bayview 10, at 62 and 58 Bayview

+ LOCATION Bayview in Airdrie DEVELOPER Genesis Builders Group Corp.

HOME TYPE Single-family front garage homes

SHOWHOME 62 and 58 Bayview Circle S.W., Airdrie CONTACT Stephanie at 403.465.2709; genesisbuilds.com

Circle SW, with a grand opening on Sept. 16.

The Clover Showhome model, is a 1,614-sq.-ft. stylish bungalow featuring vaulted ceilings, two bedrooms, an office and two bathrooms on the main floor.

The basement is finished with an additional 1,225-sq-ft., two bedrooms, a second office/den, bathroom, wet bar and rec room overlooking the canals.

The second showhome model, called the Lily, is a 2,102-sq.-ft. two-storey with three bedrooms, large bonus room with vaulted ceilings, 2.5 bathrooms, which provides plenty of room for growing families.

“Our new showhomes are

walk-out models backing onto the canals that are shared with Bayside. Homes here feature authentic architectural details that reflect a reverence for the land, while offering all the style and features your modern life demands,” Orvis says, noting that Bayview is also “the perfect place for outdoor lovers to put down roots, and it’s a great place to relax and enjoy quality time with friends and family.”

Set amidst winding canals and pathways, residents can skate, jog or explore right outside their door in Bayview. There are also numerous parks, playing fields and eight schools nearby including Nose Creek Elementary, which is

within walking distance.

The location is a major draw with a commercial site at the corner of Yankee Valley Boulevard and 8th Street so residents can walk to local coffee shops, restaurants, drug stores, the bank and convenience stores. It’s close to all the amenities in Airdrie, including: Genesis Place recreation facility, Nose Creek Park – a 40acre park, featuring natural trails, trout-stocked pond, amphitheatre and fire pits; Woodside Golf Course; and Chinook Winds Regional Park that features a spray park, skateboard ramps and toboggan hill.

As well, there is easy access to Yankee Valley Boulevard and the QE2 (Hwy. 2), so residents are just minutes from CrossIron Mills mall and a short commute to Calgary and the Rocky Mountains.

For more information on Bayview and home styles available in Bayview 10, visit the new showhomes at 68 and 58 Bayview Circle S.W., Airdrie. Open beginning Sept. 2, Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m. Or call Stephanie at 403.465.2709 or visit genesisbuilds.com AUG 18 - SEPT 15, 2017 13

TRENDING

CMHC: STRONG EVIDENCE OF OVERALL PROBLEMATIC CONDITIONS CONTINUES SLOW GROWTH in the young

adult population coupled with a decrease in disposable income and a pickup in home price growth has prompted Canada Mortgage and Housing Corp. (CMHC) to maintain its assessment of “strong evidence of problematic conditions” in Canada’s housing market.

“We continue to see moderate overvaluation and price acceleration,” warns Bob Dugan, chief economist at CMHC. “In the first quarter of this year, Canada saw a positive, yet slow growth in the young adult population and a drop in disposable income in all regions except British Columbia.

This gives less support to house prices, which picked up again in early 2017 after a period of decline in the back half of 2016.”

In Vancouver, “Townhomes and apartments, which typically sell for less than single-detached homes, were in high demand for first-time buyers and families. This led to multiple-offer situations, increasing prices and moderate evidence of overheating,” says Eric Bond, CMHC’s principal market analyst for the Vancouver region. “The market continues to see moderate price acceleration and overvaluation due to low supply, despite record level construction.”

On a quarterly basis, CMHC issues its Housing Market Assessment (HMA) to provide Canadians with both expert and impartial insight and analysis, based on the best data available in Canada. This report acts as an early warning system for the country’s housing markets — an important tool supporting financial and housing market stability.

CMHC defines “problematic conditions” as imbalances in the housing market. Imbalances occur when overbuilding, overvaluation, overheating and price acceleration – or combinations thereof – depart significantly from historical averages.

Journey Back. Live Forward.

Welcome to Vista Crossing, where life is simplifi ed in a most sophisticated way. A place where you can unplug and connect with what really matters. Where the community is your playground and the only lines you’ll be in are for hopscotch. Located just 35 minutes from downtown Calgary, your exceptional home awaits in this masterfully planned community.

LINE-UPS Laned homes

$299,900 LIMITED QUANTITY

including GST

Front-drive homes

$399,900 LIMITED QUANTITY

including GST

Discover Crossfield. 7 Showhomes to view!

MCKEE HOMES | REIDBUILT HOMES | HOMES BY DREAM

10-22 Amery Crescent Crossfield, Alberta

vistacrossing.ca

PROPERTY PROFILE

BUYERS FEEL RIGHT AT HOME IN

WITH ITS INVITING, SPACIOUS LAYOUT, functional design and great

features, it’s no wonder new-home buyers feel right at home in the Orion showhome in Airdrie’s Midtown.

Crafted by Shane Homes, the Orion showhome is a 2,011-sq.-ft., two-storey with front double attached garage “that has been getting a really good response from people,” says Claude Smith, co-area manager with Bob Luif. “They love the open concept design and it’s a great choice for people looking for their first move-up home because it offers such functional layout with good-sized living areas and generous bedrooms.

“At 2,011 sq. ft., it’s not as big as our Tofino II showhome next door, but it’s so well designed that I have a number of people say it feels much more spacious; they feel comfortable in it,” Smith says. “It also provides features that people love, plus we can customize the design to suit their needs.”

Buyers fall in love with the Orion right from the front entry that presents soft grey and white tones that are a perfect match to the gorgeous hardwood floor and there is plenty of room to greet guests as well as space for a hall table or convenient bench.

16 NextHome.ca

At the rear of the home, buyers are wowed by the upgraded super kitchen with an extended central island as its focal point that provides plenty of room for entertaining guests at the breakfast bar seating.

The kitchen also features granite countertops, built-in appliances, cabinets to the ceiling topped with lighted glass fronts and subway tile backsplash. A door in the kitchen opens to a large walk-through pantry that connects to the mud room and half-bath.

Across from the kitchen, the great room is warmed by wall-centred fireplace surrounded in tile and topped with a dark mantle and art/

PHOTOS: EYMERIC WIDLING PHOTOGRAPHY

ORION SHOWHOME IN MIDTOWN

+

LOCATION Midtown in Airdrie DEVELOPER Shane Homes HOME TYPE Single-family

SHOWHOME 604 and 608 Midtown Place S.W., Airdrie, CONTACT Bob or Claude, 403.536.2312

TV niche. Beside the kitchen, the expanded nook ensures plenty of room for casual or formal dining and a door to the rear deck makes it easy to dine outdoors.

Upstairs, the owners will adore their master suite that offers substantial space to accommodate king-sized furniture and a luxurious ensuite that features a granite-topped vanity with dual sinks, separate built-in make-up table, corner soaker tub, huge walk-in shower and a massive walk-in closet.

Down from the owners’ suite are two large secondary bedrooms, a main full bath with granite-topped vanity and a good-sized laundry room. A front bonus room adds to the home’s appeal with its impressive size that allows plenty of space for furniture where you can relax with the family along with room left over for a desk or games table.

Along with the Orion, Shane Homes also has the 2,315-sq.ft. Tofino II showhome, and can build variety of models in Midtown.

For more information, visit the showhomes at 604 and 608 Midtown Place S.W., Airdrie, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.536.2312 or visit shanehomes.com AUG 18 - SEPT 15, 2017 17

TRENDING COMPILED BY SONIA BELL

CALGARY HOME PRICES CONTINUE TO RISE IN Q2 2017 ROYAL LEPAGE’S RECENT HOUSE PRICE SURVEY AND MARKET SURVEY FORECAST reveals that prices in Calgary continued to increase in Q2 2017. Many areas across Calgary have transitioned to a seller’s market due to improved consumer confidence.

Q2 2017 Aggregate home price*: $472,798 Year-over-year increase: +4.4 YOY

2017 FORECAST Condos Median Price: $294,436

Aggregate home price*: $482,140 Year-over-year increase: +5% YOY

-0.3 YOY

Bungalow Median Price: $485,953 +4.1%YOY

Two-storey house Median Price: $518,632 +5.3% YOY

“With oil prices having stabilized around $45, prospective homeowners have increasingly been enticed back into the market, placing a strain on inventory levels across the region,” said John Hripko, associate broker, Royal LePage Benchmark. “With demand already beginning to flood the market, we anticipate that prices will continue to rise throughout the remainder of the year,” * Aggregate prices are calculated via a weighted average of the median values of homes for reported property types

ALBERTA CONTRIBUTIONS TO CANADA’S ECONOMY A RECENT REPORT by Fraser Institute illustrated the immense contribution Alberta makes to the Candian economy. Analyzing such factors as federal revenue, GDP growth, job creation and business gross fixed capital formation, the report highlights the province’s role in Canada’s economic well-being – particularly

PRIVATE SECTOR JOBS (2004-2014)** +2.7% annually Alberta

18 NextHome.ca

+ 1.0% annually 10-Province Average

PRIVATE JOB CREATED (2004-2014)

32.5%

Alberta accounted for 32.5% of all private sector jobs created

Total jobs created: 361,000

over the decade between 2004 and 2014 during the height of the oil boom. and post-recession era. These figures highlight the importance of keeping Alberta strong and supporting the province during its time of need. Here are some key figures from the report:

FEDERAL REVENUE NET CONTRIBUTION (2007-2015)

CONTRIBUTION TO CANADA’S REAL GDP GROWTH (2004-2014)

9.4% to 42.9% $221 billion

17.8% of all federal revenue came from Alberta

3.4%

Alberta’s GDP growth rate

1.6%

Nine other provinces

A NEIGHBOURHOOD TO LOVE A COMMUNITY TO

grow in

New Showhomes Now Open & New Lots Released

TOWNHOMES

DUPLEXES

LANED HOMES

FROM THE

FROM THE

FROM THE

$ A I R D R I E

FRONT GARAGE FROM THE

SEMI-ESTATE FROM THE

250’S $320’S $340’S $440’S $500’S

NuVista Homes | Broadview Homes | McKee Homes | Pacesetter Homes | ZEN by Avalon MB

Located in Southeast Airdrie, also easy commute to Calgary and close access to downtown Airdrie's dining and shopping. Ravenswood has welcoming streets, parks and pathways, larger lots, and with new lower pricing, maybe it's time for you to discover the value of Ravenswood.

Please contact your favourite builder for more info, or visit qualicocommunities.com/ravenswood

Qualico Communities are built with one thing in mind - you. Our thoughtfully master-planned spaces are built with an intuitive sense of community that nurtures individuals, families and friendships.

We love that Ravenswood is so close to schools and all the parks & open spaces.

It’s a quiet, easy going, relaxed place. Ravenswood is a great place to settle down and raise a family.

Lorinde & Patrick Homeowners since 2016

HOT PROPERTIES / CALGARY AREA

DOWNTOWN

12 11

4 6 3

5 11

16

8 9

10

2

7

15

1 14

KENSINGTON

NOTE: Please match map numbers with property listings.

BELTLINE 1. SMITH by Grosvenor smith17.com 2. PARK POINT by Qualex Landmark

qualex.ca/ParkPoint

BRIDGELAND 3. Bridgeland Crossings II by Gablecraft

Homes liveat.bridgelandcrossings.com 4. Radius by Bucci Developments bucci.com/radius/ 5. Steps by Giustini Bridges Inc. 6. Bridgeland Hill by Gablecraft Homes liveatbridgelandhill.gablecrafthomes.ca

NEW HOMES

NEW CONDOS

EAST VILLAGE

DEVELOPER: CMLC 7. INK by Battistella Developments battistella.ca/ink/ 8. EVOLUTION by Embassy Bosa evolutioncalgary.com 9. VERVE by Fram Building Group framhomes.com 10. N3 Condos by Knightsbridge & Metorpia N3condo.ca

EAU CLAIRE

11. WATERFRONT by Anthem Properties waterfrontcalgary.com

12. EZRA by Birchwood ezraonrileypark.com 13. KENSINGTON by Bucci Developments bucci.com/Kensington/

MISSION

14. DUKE by Avi Urban aviurban.com

VICTORIA PARK

15. GUARDIAN by Hon Towers theguardiancalgary.com

WEST END

16. AVENUE by Grosvenor & Cressey avenuewestend.com

Starting from the $330’s

AUG 18 - SEPT 15, 2017 21

ADVICE | CONTEMPLATING CONDOMINIUMS

WHO OWNS

MY DECK AND PARKING STALL?

LINDA PALFI

IN CONDOMINIUM OWNERSHIP,

you have a patio or deck and usually one parking space, but you don’t necessarily own them outright.

Because these spaces are outside your privately-owned living area, they need to be part of the common property to ensure they are maintained as part of the building. Yet you have “exclusive use” of these “privacy areas.” If someone else parks in a stall assigned to you, have the vehicle towed away. If someone’s party spills onto your patio, order them off. You may own that property jointly with your condominium neighbours, but it’s for you alone to use.

An exception to this arrangement is parking stalls that has been surveyed into privatelyowned pieces of land, and are thus condominium “units” of property, just like your condo home. You can own these spaces outright, and sell them along with your residential unit, keeping any appreciated value for yourself. In some buildings, even the storage lockers are surveyed and titled condominium “units,” owned personally by suite owners. Be it privately-owned parking or storage, these properties are subject to the condominium bylaws, so there are still commonsense rules to follow.

In the case of parking that is common property (owned 22 NextHome.ca

by all condo owners in the building), you are assigned a stall – whether indoor or surface – by your neighbors who serve as the condominium board of directors. You may receive a formal lease agreement from the management company that your board employs, but often the arrangement is less formal.

Misunderstanding can occur upon the sale of a condominium home, as the buyer may think he “owns” the assigned parking space that goes with the living unit. But the condo board may well have a rotation plan for parking spaces, assigning the available indoor or covered stalls, for example, to those owners on a waiting list.

New buyers go to the bottom of the list, even though the seller had an indoor or a covered stall! I know of cases where an in-house dispute ended up in court, and such an indoor parking rotation arrangement was put in place by the judge.

Some condominium corporations give parking priority to resident owners over renters of suites. If

you buy a condo home and live in it, you get to continue using the seller’s covered parking, but if you rent your suite out, your tenant will be assigned outdoor parking. This is not considered discriminatory.

The owners – through their board of directors – have every right under Alberta law to cater to owners who live there over owners who rent out their property.

Going a step further, if you don’t own a car, an assigned parking stall is not really yours to rent out, while if you own it, you certainly may rent it, although only to people living in your building.

Usually the bylaws give the right of parking stall rental to your condo corporation. In practice, few boards bother with this, and often the assigned spaces earn a few dollars per month for the owner of the condo suites they are assigned to. Buyers should know exactly what status the parking is – and will be – upon their purchase of the suite. Your realtor should always inquire on your behalf, and the bylaws alone may not tell the whole story.

Linda Palfi is a condominium specialist realtor with Greater Calgary 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

+MORE ADVICE ONLINE nexthome.ca/news/advice

LUXU RY H A S A W E S T E N D A D D R E S S

MOVE IN FALL 2017

NEW SHOW HOMES & PRESENTATION CENTRE COMING SOON

Avenue brings high-quality interiors and amenities to an established West End location, and the results are dramatic. Soak up magnificent river views while cooking in your CresseyKitchen™, an open concept design that has reinvented the heart of the home.

HOMES STARTING AT $338,900 AVENUEWESTEND.COM ER

RIV

9 ST SW

5 AVE SW 10 ST SW

BOW

1037 5th Avenue, SW, Calgary Sat & Sun: 12–5, Mon–Wed: 12–6 Thurs & Fri: Closed 403-530-8455

6 AVE SW Prices, floorplan layouts and finishes are subject to change. This is not an offering for sale.

Any such offering can only be made with a Disclosure Statement. E&OE.

TRENDING COMPILED BY SONIA BELL

ONE YEAR LATER: REBUILDING FORT MCMURRAY IN MAY 2016, Fort McMurray

was hit with a severe wildfire that destroyed 10 per cent of its structures. One year later, the rebuild is well underway in the community. According to Canada Mortgage and Housing Corp.’s recent Housing Market Insight report, Fort McMurray’s residential market is experiencing strong construction activity. A spike in housing starts in the first half of 2017 have supported the ongoing rebuilding efforts.

2,500

Homes burned down in the 2016 wildfire

1/3 844 + Units have begun construction

of all destroyed units have begun reconstruction

200 = 1,000+ Units to begin construction by end of summer

Approximate number of units under construction by the end of 2017

TIME LINE TO REBUILD: 3 to 4 years

CANADIAN HOUSEHOLD DEBT AT AN ALL-TIME HIGH: CMHC WHILE THE CREDIT SITUATION of Canadian mortgage

holders remains stable, there are record-high levels of household debt, according to a new report from Canada Mortgage and Housing Corp. (CMHC).

Using data from credit reporting agency Equifax, CMHC assessed the trends in the mortgage market in 2016. Here are some of the findings:

$200,000

The number of new mortgage loans in 2016

24 NextHome.ca

Total household CREDIT MARKET DEBT in Canada

65+

THE AGE GROUP that is experiencing the highest mortgage delinquencies

Loans worth less than recorded the best delinquency rates in a year

1.03 MILLION

$2 TRILLION

$269 BILLION

The total of new mortgage loans in 2016, UP 9%

167.2% The ratio of debt to disposable income, up 3% YEAR-OVER-YEAR

• Overall TREND FOR MORTGAGE DELINQUENCY RATES is improving • CANADIANS’ CREDIT SITUATION IS IMPROVING, but those with mortgages performed better

HOW TO DODGE THE “ROGUE MOVERS” WHO TAKE YOUR BELONGINGS HOSTAGE MOVING SEASON is in full swing.

Families want to settle into new homes before the school year starts. Military personnel across the country are receiving new assignments. College and university students are moving into residences and apartments.

Wherever you’re headed, beware of the “rogue movers” scam, which is a real threat!

Typically, rogue movers will find victims through ads on popular classified postings websites, quote a low price, claiming “no surprise fees” or that “everything is included.” The fraudsters will deal with you by phone, insisting that a verbal contract is enough and that the paper copy can be signed on the day of the move.

However, when they arrive at your doorstep, they present you with a very different contract, containing unexpected clauses and extra charges, such as warehousing and pickup fees.

They pressure you to sign the contract or be left in the lurch.

In some instances, the fraudsters will hold your possessions hostage until you pay what they want for their delivery. You’re left scrambling to find the money, hoping that you will get everything back in one piece.

Moving is stressful enough without these unpleasant surprises.

Follow these tips to make sure that your move goes off without a hitch.

Seek certification: Some provinces require professional movers to have specific permits

If you’ve been the victim of a rogue mover or other fraud, or if you have information about this type of scam, report it to the Canada AntiFraud Centre, the Competition Bureau or your local police. or registrations. This is a good starting point to find a legitimate company. Consult your provincial consumer protection agency for more information.

Do your homework: Take the time necessary to research the company and consult multiple reviews. Contact your provincial consumer protection agency or the Better Business Bureau to see if they have received complaints about the company.

Get an estimate: Legitimate companies will send representatives to assess your needs, ensuring your quote is detailed and complete. This is an opportunity to inquire about any surcharges, insurances or additional fees and to ask questions.

Get it in writing: Do not trust companies providing quotes or contracts over the phone.

Get both in writing before the move and take the time to read the information carefully. Ask questions if clauses are unclear and keep records of responses.

Trust your instincts: If it looks too good to be true, it probably is.

If you’ve been the victim of a rogue mover or other fraud, or if you have information about this type of scam, report it to the Canada Anti-Fraud Centre, the Competition Bureau or your local police. You can also file a complaint with the Better Business Bureau or your provincial consumer protection agency to help others who might consider hiring the same company.

AUG 18 - SEPT 15, 2017 25

SPECIAL FEATURE

THE TOP PLACES TO INVEST IN REAL ESTATE IN ALBERTA

BY WAYNE KARL & SONIA BELL

IF ONE OF THE FIRST RULES OF INVESTING is to buy

low, there may be plenty of reasons 2017 could be the year to buy real estate in Alberta.

Coming off a prolonged slump in the economy and housing market, thanks to low oil and gas prices, Alberta seems poised for recovery.

For investors, this could mean it’s a good time to shop around, while keeping an eye on changing economic conditions.

“Until you have employment and people moving back into the province, creating demand for rental units, which will then drive the demand for sale units, the world of real estate right now is looking at opportunities to buy,” Patrick Francey, CEO of the Real Estate Investment Network (REIN), told NextHome. “Knowing that in the next couple of years as the economy starts to pick up, and gross domestic product actually increases, that’s what’s going to drive real estate.”

Insiders agree that the best places in Alberta to search for opportunities are within its two largest cities.

26 NextHome.ca

With this in mind, NextHome has assembled a list of the Top Places to Invest in Real Estate in Alberta, using the investment strategy known as “buy, hold and rent” (see sidebar).

We examined vacancy and rental rates (twobedroom units) from Canada Mortgage and Housing Corp., and validated these findings with the latest data on population, employment and wage growth. For context, we’ve also included average home prices – with data provided exclusively by Royal LePage and Brookfield RPS. Our research was further guided by insight from investors and other experts.

“For both Edmonton and Calgary, there are great buying opportunities right now, but there’s no rush,” says Francey. “That’s the good news. You’re finding the properties that cash-flow in a single-family would have preferably come from basement suites. Anything that’s in the $400,000 to $500,000 range is still very strong, but ultimately, there are good opportunities to buy. You’ve got to look for the deals, but they exist.

And there are cash-flow opportunities, especially in single-family uptown suites.”

CALGARY OKOTOKS

Vacancy rate

n/a

0

vs.

2016

2015

n/a

Average home prices

$951

$474K

2015

2016

vs.

$477K 2015

-0.8% CHANGE

29K

Population vs.

2016

Employment

25K

11K

2011

2011

Vacancy rate

CHINOOK

vs.

2016

17.8% CHANGE

3.5

4.1

vs.

2016

2015

vs.

Median income

6K

$63K

2006

2011

85% CHANGE

Average rent

$1,196 2016

vs.

Population*

1M

vs.

515K

2011

2011

13% CHANGE

$479K

2015

2016

8.1

vs.

2016

2015

2016

vs.

$57K

2006

2011

Population* vs.

2016

515K

2011

2011

13% CHANGE

vs.

2015

vs.

$46K 2006

Average home prices*

$1,430

$479K

2015

2016

vs.

$469K 2015

2.1% CHANGE

Employment*

1.2M

$469K

25.6% CHANGE

-9.6% CHANGE

1M

vs.

Median income*

341K

Average rent

$1,362

2006

2.1% CHANGE

51.3% CHANGE

Vacancy rate

6.5

vs.

$48K

Average home prices*

$1,321

Employment*

1.2M

vs.

29.8% CHANGE

-8.8% CHANGE

2016

DOWNTOWN

Average rent

Median income*

340K

$57K

2006

2011

51.3% CHANGE

vs.

$46K 2006

25.6% CHANGE

*Showing Calgary data

CALGARY Calgary and Edmonton both are showing signs of recovery from three very difficult years, economically. In the Calgary area, markets such as Okotoks, Chinook and downtown seem to be holding their own in terms of vacancy rates, rental growth and home prices.

“The number of rental properties are few and far between in Okotoks, Chinook and downtown Calgary, and this is unlikely to change in the near future,” says John Hripko, realtor, Royal LePage Benchmark, Calgary. “Demand for these regions is continually growing, as many buyers and potential renters have become increasingly interested in these markets.”

Calgary remains something of a double-edged sword for investors at this point, Hripko adds. Alberta is one of the only Canadian provinces that doesn’t have rent controls, allowing investor-owners

to set and raise rents as they please. However, given current market conditions and the fact that anyone can buy a house with a five-per-cent down payment, renters are gaining buying power, which stalls growth in rental prices.

“If investors choose to suck it up and purchase a property at current rates, they would likely turn a monthly profit in the near future, as oil prices continue to stabilize and the Alberta economy returns to its former glory, causing rental rates and home prices to increase,” says Hripko.

EDMONTON “The Edmonton market has been a real head-scratcher the last little while,” says Tom Shearer, broker and owner, Royal LePage Noralta Real Estate, Edmonton.

“Investors keep asking me, ‘When is the big drop going to happen, so I can buy in?’ The big drop never really hit. Prices climbed in 2015, 2016 and now

we’re finally seeing a small drop in prices. That might even be attributed to the changes in financing rules in October 2016.”

The St. Albert and University areas, as well as downtown, stand out as those that are holding their own.

St. Albert has held up, mainly due to the types of homes and residents in the area, says Shearer. A lot of people who reside in St. Albert are government workers, mingling with a mature crowd of executive types who are more established and less likely to be influenced by swings in the economy.

University, meanwhile, has actually benefited from the slowdown. “If you don’t easily find employment in a recession, generally speaking, you double down on education,” he says.

The student population in this area is supporting the rental and resale market, while medical professionals also want to AUG 18 - SEPT 15, 2017 27

EDMONTON STRATHCONA

Vacancy rate

3.2

2.3

vs.

2016

2015

Average rent

$1,359 2016

$467K

2015

2016

-4.1% CHANGE

98K

Population vs.

2016

Employment

92K

42K

2011

2011

6% CHANGE

ST. ALBERT

5.9

6.1

vs.

vs.

2016

2015

2016

vs.

$70K

2006

2011

Population vs.

2016

27K

2011

2011

6.7% CHANGE

Vacancy rate

5.9

1.4

vs.

2016

2015

vs.

$435K

2015

2016

2016

vs.

$68K

2006

2011

Population*

2016

vs.

376K

2011

2011

14.8% CHANGE

vs.

$440K 2015

vs.

$56K 2006

Average home prices*

$1,376

$376K

2015

2016

Employment*

812K

vs.

21.3% CHANGE

-1.1% CHANGE

933K

2006

Median income

20K

Average rent

$55K

-1.1% CHANGE

34.6% CHANGE

$1,352

vs.

Average home prices

$1,383

Employment

61K

2015

27.7% CHANGE

-2.6% CHANGE

66K

$463K

Median income

29K

Average rent

$1,322

vs.

1% CHANGE

41.8% CHANGE

Vacancy rate

UNIVERSITY

vs.

Average home prices

$1,386

vs.

$380K 2015

-1% CHANGE

Median income*

236K

$54K

2006

2011

59.4% CHANGE

vs.

$42K 2006

27.2% CHANGE

*Showing Edmonton data

be close to the main hospital.

“We haven’t suffered any major cutbacks yet to our medical system, so this neighbourhood is still going strong.”

Downtown Edmonton is seeing plenty of development from the Ice District and Rogers Arena, with several new condos under construction. “I believe that the excitement of having the Ice District and several other projects come to life downtown has created a new energy and is increasingly drawing interest from homebuyers and investors

alike,” says Shearer. “Simply put, downtown Edmonton is becoming an even better place to live.”

LETHBRIDGE Lethbridge boasts many of the characteristics that make it an appealing target market for investors. An increasingly diverse economy, including in the important healthcare sector, and a growing student population make this location worth a look. Indeed, as much as 20 per cent of the population of about

93,000 residents in Lethbridge are students, primarily at the University of Lethbridge and Lethbridge College.

“Lethbridge is a college town, with both the university and the college hitting milestones in curriculum development and attendance,” says Karen Davis, associate broker delegate, Royal LePage South Country. “The hospital and senior care services also employ young graduates still in the rental market.”

Student housing, naturally, is a popular choice for investors here,

LETHBRIDGE Vacancy rate

8.4

vs.

5.7

2016

2015

Average rent

$939 2016

vs.

Average home prices

$919

$267K

2015

2016

1.7% CHANGE

93K 2016

Population vs.

35K

2011

2011

11% CHANGE

28 NextHome.ca

Employment

84K

vs.

$263K 2015

1.3% CHANGE

Median income

23K

$47K

2006

2011

56% CHANGE

vs.

vs.

$39K 2005

21.6% CHANGE

MEDICINE HAT 5.7

Vacancy rate

4.7

vs.

2016

2015

Average rent

$825 2016

vs.

Average home prices

$828

$299K

2015

2016

-0.4% CHANGE

63K

Population vs.

2016

60K

25K

2011

2011

5.4% CHANGE

Employment vs.

$296K 2015

1% CHANGE

Median income

18K

$51K

2006

2011

38.7% CHANGE

vs.

vs.

$41K 2005

24.2% CHANGE

who typically hit net income of about five per cent, she says.

Homebuyers from across Alberta are also attracted to the region for its quality of life. “Young people come to college here and stay to build a life,” says Davis. “With the amenities of big city life, minus the long commutes, hectic pace and higher costs of living, Lethbridge is an attractive and affordable alternative to larger centres.”

MEDICINE HAT While Medicine Hat has been impacted by depressed oil prices, the region’s revival is well underway, according to Bob Kalista, owner, Royal LePage Community Realty.

Affordable home prices offer investors a great opportunity to get in on the ground floor. “Energy producers are beginning to regain strength, boosting the region’s economy and potentially drawing more people into the market in search of jobs, which will help to guide prices upwards over the long term.

“We are already beginning to see a number of commercial properties being snapped up, which is often a hallmark of a region on the rise.”

What is ‘buy, hold and rent’?

You benefit in three ways: What many experts view as the smartest and lowest risk strategy for novice investors, this method involves buying a property, holding it for the long term (five to seven years) and renting it out. The idea is to generate positive cash flow over and above your carrying costs (mortgage, condo fees, taxes, insurance, property management fees, maintenance and advertising).

» You pocket the monthly surplus » You build equity over the long term while someone else pays down your mortgage » And eventually, when you sell, you (hopefully) gain from the value appreciation in the property

AUG 18 - SEPT 15, 2017 29

Visit our show homes today.

We Chose To Landscape Our Yard & Add An Outdoor Kitchen.

YOU DECIDE HOW TO REWARD YOURSELF! When you build with Trico Homes you’ll receive your very own Trico Red Card. It comes pre-loaded with rewards you can spend however you choose. AND it qualifies you for incredible ongoing savings and rewards!

* Some conditions apply. E&OE.

BUILDING IN 15 COMMUNITIES: FRONT-GARAGE HOMES | LANED HOMES | DUPLEXES | TOWNHOMES & CONDOS For more information visit us online at www.tricohomes.com

30 NextHome.ca TC-16462 NHG HP Aug11 v2.indd 1

2017-07-25 3:18 PM

HOT PROPERTIES / CALGARY AREA

SOUTH EAST RIVERSTONE OF CRANSTON Builders: Albi Homes, Cedarglen Homes, Landmark Homes, Baywest Homes, Calbridge Homes, Brookfield Residential ORIGINS by Streetside Developments livecranston.ca

7

3. WALDEN

By: Genstar Builders: Cardel Homes, Excel Homes, Homes by Avi, California Homes, Cedarglen Homes, Rockford Jackson by Avi Urban WALDEN PLACE by Cardel Lifestyles waldenliving.ca

4. MAHOGANY

By: Hopewell Residential Builders: Jayman BUILT, Hopewell Residential, Homes by Avi, Excel Homes SANDGATE by Hopewell 8

MAHOGANY ESTATE

8

Builders: Calbridge Homes, Morrison Homes, Homes by Avi mahoganyliving.com

5. LEGACY 4

10 4

1

1 2 3

By: Westcreek Developments Builders: Carlisle Group, Brad Remington Homes (My Legacy Park), Aldebaran Homes, Shane Homes, Trico Homes, Jayman Built, WestCreek Homes, Trico Homes, Sterling Homes, Stepper Homes, Calbridge Homes, Morrison Homes, and Albi Homes LEGACY GATE by Carlisle Group

LEGACY PARK

2

by Brad Remington Homes legacylife.ca

3

5

6. COPPERFIELD COPPERFIELD PARK by Brad

5

Remington Homes

CHALET NO. 6 by Hopewell NOTE: Please match map numbers with property listings.

1. AUBURN BAY

By: Brookfield Residential Builders: Brookfield Residential, Cedarglen Homes, Baywest Homes, Jayman BUILT, Albi Homes, Morrison Homes, Discovery Homes AUBURN WALK by Cardel Lifestyles CANOE by Avi Urban REGATTA by Brookfield Residential liveauburnbay.ca

NEW HOMES

NEW CONDOS

7. QUARRY PARK

By: Brookfield Residential Builders: Albi Homes, Cardel Homes, Cedarglen Homes, Trico Homes, Morrison Homes, Landmark Homes, Baywest Homes, Brookfield Residential,

By: Remington Developments CHAMPAGNE by Remington Developments THE GATES by Remington Developments GLADSTONE by Remington Developments

by Cardel Lifestyles

8. WESTMAN VILLAGE

2. CRANSTON

CRANSTON RIDGE ZEN CRANSTON

by Avalon Master Builder brookfieldresidential.com

By: Jayman BUILT Builders: Jayman BUILT westmanvillage.com

AUG 18 - SEPT 15, 2017 31

ADVICE | FUNDAMENTALLY SPEAKING

HOW HEAVY IS YOUR DEBT LOAD? WAYNE KARL

WAY TO GO, Bank of Canada,

you’ve freaked people out. Your first rate hike in seven years – on July 12, raising the target for your influential overnight rate to 0.75 per cent from 0.50 – is cause for concern, for some.

But it’s not all you. That same day, Canada’s big five banks all raised their prime lending rate by 25 basis points.

Canadians, naturally, worry how these rising rates might hurt them, particularly when experts suggest this may be the first in a series of hikes over the next year or 18 months. And no shortage of reports suggest, with high debt loads and rising rates, it’s time to batten down the hatches.

Even Canada Mortgage and Housing Corp. warns that, “While the credit situation of mortgage holders in Canada remains stable, record-high levels of household debt underscores the need to keep a close eye on trends and developments.”

Such concerns, however, may be overblown.

In fact, the ones doing the belt tightening should be the government, itself.

“Canadian households have taken on more debt over time, but they have used this debt to finance assets – real estate, for example – that are appreciating over time, causing their net worth to grow, also to unprecedented 32 NextHome.ca

levels. The same cannot be said for government debt.”

Ouch.

This analysis comes from the Fraser Institute.

Concerns about household indebtedness focus on measures such as total household debt accumulated, or the ratio of household debt to income, the independent research and educational organization says.

Based on these metrics, Canadian household debt levels are indeed near historic highs. By the end of last year, household debt reached more than $2 trillion, up from $357 billion in 1990. The lion’s share of this debt – two thirds, in fact – is for mortgages, while the remaining third is split between consumer credit (29 per cent) and other loans (five per cent). Over the same period, the total financial liabilities of the government sector grew from approximately $700 billion to $2.5 trillion, while its net debt grew from more than $400 billion in 1990 to nearly $970 billion in 2016.

Wealth planner and mortgage expert Calum Ross is even more direct. “Rising rates is a sign for

economic optimism,” he told NextHome. “Our economy is creating jobs, and if Bank of Canada GDP growth for 2017 does indeed reach 2.8, that’s great news.

“I am still very skeptical about the long-term strength of any of the western world economies until we get government spending under control. Factually, it is the single biggest threat to the standard of living in the western world and it must be addressed aggressively in the years to come.

“In Canada our federal and most of our provincial governments are spending more than they make. You don’t need an accounting or finance degree from a fancy school to know that incredibly problematic.”

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl

+MORE ADVICE ONLINE nexthome.ca/news/advice

WHAT’S ONLINE

TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

CANADIANS GET CREATIVE TO BUY RECREATION PROPERTY

MAKING SENSE OF RISING INTEREST RATES

nexthome.ca/recreation-property-report

nexthome.ca/rising-interest-rates

RISKS AND REWARDS OF BUYING PRE-CONSTRUCTION

HOW TO SPOT A GOOD (AND BAD) HOME BUILDER

nexthome.ca/buying-pre-construction

nexthome.ca/choosing-a-builder

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Visit our website: AUG 18 - SEPT 15, 2017 33

INSPIRATION | DESIGN SECRETS

MAKE A

GRAND

ENTRANCE Give your foyer the special treatment it deserves CALL IT WHAT YOU WILL – foyer, foy-yay, vestibule, lobby, entryway or

dumping zone… In modern times, they all mean the same thing – it’s the area we land in when we enter our home. It can be tiny and efficient or over-the-top grand.

The word “foyer” has been used to describe a waiting room, corridor or lobby to a large space like a concert hall, hotel, theatre or corporate head office. It’s basically a chamber or area between the indoors and outdoors of a structure, accessed by an exterior door.

34 NextHome.ca

BY JANE LOCKHART

We’ve adopted the French pronunciation here in Canada where the word loosely translates to, “place for fire,” or fireplace.

Because the grand old theatres from the 1700s to 1900s were large, drafty buildings, the gathering area inside the entrance

usually had a large fireplace to warm audiences between acts. It was called the foyer.

Way before that, the elite classes in ancient Rome would generally live in two homes: A grand villa in the countryside or on the seashore, and a domus (where the word domestic came from), in the walled city.

The hallway-like vestibule led to an open atrium that was sparsely furnished, but was filled with marble decorations, artwork on the walls and painted ceilings. This space served as the meeting room for the home.

Few windows existed, so an open portico in the ceiling allowed rainwater to fall into a small indoor pool and allowed sunshine to light up the interior, much like a skylight today.

The entrance simply acted as an air lock to hold heat in the winter, and cooler air in the summer.

But like the thresholds to the theatre, this gave way to today’s symbols of wealth – the power lobbies we see in hotels, government buildings and large corporations. All portend the wealth to be discovered beyond greater and grander entry ways.

How does that translate into today’s homes?

If we look at the ever-diminishing examples of 1950s post-war era homes, the entrance ways are small, efficient spaces to get you in from the outdoors.

As suburbs started to give way to the ex-urbs, bigger and grander homes began to dot the horizon and the foyer set the prosperity tone for the whole home.

The elegant two-story high entry with a sweeping staircase was no longer just a Disney castle fantasy. It was being replicated in multiple homes, in new communities, everywhere.

As Canadians, most of us grew up being told to use the side door, back door and mud rooms to transition from indoors to out. We tend to see the foyer as a “guest space,” not something we use every day. So, it’s time for an attitude adjustment.

It should be considered a tone-setting, designable space that represents who we are (or at least we could be)! It may go against our very nature to use anyone’s front door, but I say just do it. It may be one of the few times it gets used.

No matter how grand or how small your entry space, decorate it to reflect your taste and treat yourself to the front door treatment as often as you can – no matter what you call it.

Jane Lockhart is founder and principal designer of Jane Lockhart Interior Design. She was creative director and host of W Network’s top-ranked show, Colour Confidential, and has a Canadian-built furniture collection, Jane by Jane Lockhart, by Statum Designs.

Visit janelockhart.com

MORE INSPIRATION ONLINE nexthome.ca/inspiration

INSIGHT

LANDSCAPING YOUR NEW HOME

WITH THE SUN SHINING AND TREES AND PLANTS IN FULL BLOOM,

landscaping may be at the forefront your mind. Landscape 360 would like to highlight a few ideas homeowners can contemplate before they begin the process.

Hiring a landscape contractor should be exciting and satisfying.

However, this can be a very discouraging time for some homeowners, unsure of where to begin, what you want it to look like and who to talk to. Here are a few tips to guide you through a satisfying landscape construction experience and turn your landscape dreams into reality.

Have a plan. You can never call a company too early to plan for the following season’s project. Many landscape companies are limited in the number of jobs they can do in a season. Having a plan and beginning the process early can allow for your project to be started in your desired time frame.

Have a budget. It is important to understand that quality landscaping requires substantial investments of time and money. Thus having a budget and planning around that budget is crucial. It is also not unusual 36 NextHome.ca

for work to be split up over consecutive summers, easing some of the financial burden while creating your backyard paradise.

Depending on what is required for labour, equipment and materials, it may be more or less of an investment one season to the next. However, it is sometimes more cost effective to do the whole project at once. Booking a consultation with a reputable landscaper will allow you to see if your budget is suitable.

Hire a professional. Many homeowners underestimate the work associated with landscaping,

or the knowledge required to produce a quality outdoor living space. It is important to hire someone who has extensive experience in the industry, and is a full service landscape company.

Find a firm that will complete the task from start to finish and handle any subcontracting required.

Know your options. When deciding which landscape company to hire, it’s important to do your research. Ask to see their portfolio, view their website and look into some of the products yourself. Most importantly, ask lots of questions. Landscape

construction can be done very differently. Hire a company that uses quality equipment, utilizes the best products available and installs everything professionally. Ask to speak with former clients who have had similar projects to the one you’re considering. Your options include: patios, lighting, decks, walkways, garden beds, trees, plants and fences to irrigation, drainage solutions, boulders, retaining walls, water features, decorative concrete, outdoor cooking and fire pits. Clearly, there are many choices and it pays to explore all your options carefully.

A stylish functional yard can create a vibrant feel to your home. Be the envy of the block and provide a sanctuary for your family, friends and pets. Landscaping improves your quality of life, increases the value of your home and adds a little personal flare to your home’s exterior.

Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect.

Landscape 360 Professional Landscape Construction 403.452.0360, Like us on Facebook landscape360.ca AUG 18 - SEPT 15, 2017 37

EVERYDAY IS TO

DAY As one of the biggest and most established communities in Northwest Calgary, Evanston has 2 new schools within the community, more green space and an environment created for growing family's to flourish.

NEW SHOWHOMES OPEN & NEW LOTS RELEASED TOWNHOMES

LANED HOMES

FROM THE

FROM THE

$

250S

$

410S

FRONT GARAGE FROM THE

$

470S

• NuVista Homes • Broadview Homes • Pacesetter Homes • Sterling Homes • Trico Homes • Jayman BUILT

Please contact your favourite builder for details or visit qualicocommunities.com/evanston

Qualico Communities are built with one thing in mind - you. Our thoughtfully master-planned spaces are built with an intuitive sense of community that nurtures individuals, families and friendships.

HOT PROPERTIES / CALGARY AREA

NORTH WEST 6 8 5

2 2

4 4

NOTE: Please match map numbers with property listings.

1. EVANSTON

By: Qualico Communities Builders: Broadview, NuVista, Trico Homes, Pacesetter Homes, Sterling Homes, Jayman BUILT The Link by Brookfield Residential Arrive by Partners Developments The Loop by Streetside Developments

9 9

10

8 5

3

6

7

1 1

3

NEW HOMES

NEW CONDOS

3. SAGE MEADOWS

By: Genesis Land Development Corp.

Builders: Genesis Builders Group Sage Place by Cardel Lifestyles genesisland.com

4. BEACON HEIGHTS

evanston.qualicocommunitiescalgary.com

By: Intergulf Cidex Builder: Trico Homes, Intergulf Cidex

2. NOLAN HILL

5. SYMONS GATE

By: United Communities Builders: Homes by Avi, Morrison Homes, Shane Homes, Sterling Homes, Trico Homes, Jager Homes, Pacesetter Homes, Creations by Shane Homes Carnaby Heights by Jayman Modus Nolan Park by Cardel Lifestyles nolanhillunited.com

7

By: Brookfield Residential Builders: Brookfield Residential, Albi Homes, Morrison Homes brookfieldresidential.com

6. CARRINGTON

By: Genstar Builders: Excel Homes, Jayman MasterBuilt, Homes by Avi, Arcuri Homes genstar.com/calgary/carrington

7. LIVINGSTON

By: Brookfield Residential Builders: Homes by Avi, Brookfield Residential, Morrison Homes, JaymanBuilt, Cedarglen Homes Maverick by Avi Urban brookfieldresidential.com

8. EVANSRIDGE

By: Dream Development Builders: DS Homes, Homes by Avi, Genesis Builders Group, Morrison Homes, WestView Builders, Calbridge Homes, Homes by Dream Avira by Jayman Modus lifeontheridge.ca

9. SHERWOOD

Builders: Gablecraft Homes

10. KINCORA

Builders: Emerald Sky by Carlisle Group, Diseno by Landmark Homes

11. SAGE HILL

Builders: Mark 101 by Shane Homes

AUG 18 - SEPT 15, 2017 39

HOME / OUR BLOG / AUG 2017

Build Your Perfect Home!

ON OUR

BLOG

When you’re looking at buying a new home, the choices can get a bit overwhelming. To help you with this, we’ve put together a list of the things to consider that will help you make the best decisions for your home.

Number of Rooms To figure out how many rooms you need, you’ll have to think about your future.

Sometimes home buyers will only consider

Living Space Whether you’re cooking for the family, entertaining friends, or just spending a relaxing night at home, your living space needs to be suitable for every occasion.

the number of rooms they need on a daily basis, and end up having to create makeshift bedrooms when guests come.

to adding rooms, or even widening your whole house, Shane’s Love it or Customize it program allows you to have everything you want in your home.

GET THE FULL STORY! Read the expanded article at shanehomes.com/our-blog

Storage Make sure you have enough space in your home to store both the items you use daily, and the items that may have less use.

Size of Rooms Think about where you spend the most time in your current home. With the ability to change the size of various spaces in your house, you’ll want to make the rooms you spend the most time in feel very spacious.

Home Layout Paying attention to the ways you use your current home will help you plan your new home. From redesigning your kitchen,

GOING GOING GONE!

MAKE VIRIDIAN HOME WHILE YOU STILL CAN Down To Our Very Last Units • Quick Possessions Available • 1 & 2 Bedrooms Units • Ravine Views Monthly Payments Starting From

$

900

00* Includes PI & GST

*Some conditions apply. E&OE.

Visit our sales centre at 101 & 103, 12 Sage Hill Terrace NW or viridiancondos.ca 40 NextHome.ca

DATE:

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F E S W A O H P N L G A N IN LI L E

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Picture perfect setting in Calgary’s northwest.

As you look out onto the rolling hills, green spaces, playgrounds and castle-ruin inspired landscapes you’ll be transported to Old-World British Isles. But the moment you pass the community entrance, you have every modern convenience at your fingertips. It’s the best of both worlds – without compromise.

Townhomes with Garage from the $300s Homes with front-attached Garage from the $460s

Homes by Avi Sterling Homes

Morrison Homes Shane Homes Trico Homes

Jayman Built

Cardel Lifestyles

Cedarglen Living

nolanhillunited.com

anthemunited.com

ROUND UP

SMALL SPACE

SURVIVAL TIPS

BY LYDIA MCNUTT

With 25 years in the real estate biz, we’ve picked up a thing or two about how to maximize your small space. Here’s some timeless advice from the experts over the years.

1 “Furniture in small spaces can serve more than one purpose... Reconfiguring and readapting to serve multiple functions is the way of the future.”

2

“When you’ve run out of storage space, lie on the floor and look up... Vertical space is abundant and often overlooked. Consider putting shelves above door frames or around the perimeter of the room. Hang things from the ceiling in the kitchen. When purchasing armoires, bookcases or shelving units, choose the tallest you can find, and put baskets on top of them.”

3

“Position a mirror directly on the wall opposite to the source of natural light. This will bounce the light back and forth while increasing the visual depth of your room at the same time.”

JANE LOCKHART, PRINCIPAL

YANIC SIMARD, PRINCIPAL

HELLEN BUTTIGIEG, CERTIFIED

DESIGNER, JANE LOCKHART

DESIGNER, TORONTO INTERIOR

PROFESSIONAL ORGANIZER,

INTERIOR DESIGN

DESIGN GROUP

WE ORGANIZE U

42 NextHome.ca

“Where the goal is to create the illusion of more space, paint walls and trim in pale, cool colours… Cool colours recede from view, making walls feel farther away than they really are.”

4

KIMBERLEY SELDON, INTERIOR DESIGNER, KIMBERLEY SELDON DESIGN GROUP

5

“A layered lighting plan is something I always recommend to clients, but in a small space this approach is especially advantageous. Rather than opting for a floor lamp with mass and weight, that takes up floor area, sconces give you ambient lighting while saving space. I love the architectural detail sconces provide and often use them on either end of a gallery wall or sofa.”

LISA CANNING, DESIGNER, LISA CANNING INTERIORS

6

“If you’re fortunate enough to have a breathtaking skyline view or a picturesque landscape right outside your window, why not treat it like a stunning piece of artwork? Frame it with colour. Painting trim with a deep, rich hue such as black or charcoal gray continues to be a growing trend, and if your small space is rather “box like” and lacking a natural interior focal point, the addition of a bold colour on the trim work will add depth, command attention, and draw the eye to one of your best and most beautiful features.”

LEIGH-ANN ALLAIRE PERRAULT, SELF-PROCLAIMED DIY NINJA AND DESIGNER, HUE LA LA

7

“Train yourself to be a minimalist. I know you want to keep the old photo albums and book collections. However, with today’s digital technology, you can store all your photos and books on your computer. You get better quality imaging and it can free up a lot of space.”

JONATHAN AND DREW SCOTT, THE PROPERTY BROTHERS

+MORE ADVICE ONLINE JONATHAN AND DREW SCOTT, THE PROPERTY BROTHERS nexthome.ca/news/advice

HOT PROPERTIES / CALGARY AREA 2

1A

NORTH EAST

EAST 7

6 6

564

12 10 11

1

3 3

Calgary

Strathmore

8 9 10

1

Chestermere

2 2

797

560

Langdon

4 22X

5 5

1

Heritage Pointe

1

2

Black Diamond

NOTE: Please match map numbers with property listings.

1. SADDLESTONE

By: Genesis Land Development Corp.

Builders: Genesis Builders Group saddlestonecalgary.com

2. CORNERSTONE

By: Walton Development Builders: Jayman BUILT, Shane Homes, Morrison Homes, Truman Homes, Pacesetter Homes liveatcornerstone.ca

3. REDSTONE

By: Qualico Communities Builders: Broadview Homes, NuVista Homes, Pacesetter Homes, Jayman BUILT, Trico Homes, Creations by Shane Homes, Shane Homes (Shane showhome to be built in spring) calgary.qualicocommunities.com/ redstone

4. CITYSCAPE

By: Mattamy Homes Builders: Mattamy Homes mattamyhomes.com

5. SAVANNA IN SADDLE RIDGE By: Genstar Development Co. Builders: Cardel Homes, Homes by Avi, Excel Homes, Arcuri Homes, Rohit Communities genstar.com/calgary/savanna

NEW HOMES

NEW CONDOS

6. LIVINGSTON

By: Brookfield Residential Builders: Homes by Avi, Brookfield Residential, Morrison Homes, JaymanBuilt, Cedarglen Homes MAVERICK by Avi Urban brookfieldresidential.com

7. SKYVIEW RANCH

Okotoks

By: Brookfield Residential Builders: Arrive by Partners Developments

8. CHESTERMERE RAINBOW FALLS

By: Truman Developments Builder: Jager Homes, Lionsworthe Homes, Douglas Homes, ReidBuilt Homes

9. KINNIBURGH

By: Pollyco Developments Builders: Stepper Homes, Canterra custom homes, Sterling Homes, Lifestyle Homes, Douglas Homes, Westridge Fine Homes, Broadview Homes, ReidBuilt Homes, Sunstar Homes, Jager Homes

10. LAKEPOINTE

By: Mattamy Homes Builder: Mattamy Homes Location: Sales centre 400 Westpark Dr. mattamyhomes.com

11. STRATHMORE THE RANCH IN STRATHMORE By: United Builders: Jager Homes and WestView Builders theranchunited.com

12. LYALTA THE LAKES OF MUIRFIELD

Builders: Douglas Homes, Today’s Homes, Ribero Homes and Compass Rose Homes lakesofmuirfield.com

AUG 18 - SEPT 15, 2017 45

PROPERTY PROFILE

Avalon’s ZEN in Redstone IN TUNE WITH TODAY’S CONDO BUYERS AVALON MASTER BUILDERS is proving it’s in tune with what condo buyers desire by bringing together stylish, livable designs, well-appointed interiors and energy efficiency – all at a great price point – with its appropriately named ZEN in Redstone.

“We’re very excited about the positive response ZEN is getting from buyers; we’re already 20 per cent sold and we haven’t even opened showhomes,” says Sales and Marketing Manager Terra Davidson. “People love the flexibility of floorplan; that they can get three, four or five bedrooms so the family can grow into it. We’re attracting a lot of young couples, young families and first-time buyers.

“We pride ourselves in offering function over form, so we offer really smart plans with open spaces and lots of storage, and buyers love the way we build, having the durability and energy-efficiency built-in,” she adds. “Our homes in Redstone will present a nice clean look and open concept plans with five different models to choose from.”

46 NextHome.ca

ZEN Redstone is comprised of 56 two-storey townhomes ranging between 1,100 and 1,200 sq. ft. featuring two- or three-bedrooms, 1.5- to 2.5-bathrooms starting at $289,900. The homes have basements that can be developed to increase the number of bedrooms to five and add another bathroom and optional wet bar.

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 and 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 and a parking space.

“People also appreciate that Avalon is an energy-efficient builder,” Davidson says. “Every home is EnerGuide rated, but we also offer ZEN 170 where we guarantee what the utility usage will be and if it’s over, the homeowner is compensated; buyers are really connecting with that idea.”

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.

Avalon plans to open two showhomes in September – “one that we’re very excited about which will reflect our Green message featuring recycled furniture and decor items that will be repurposed or reused and filled with bright colours so it will really be on trend,” Davidson says.

Until the showhomes open, people can learn more about ZEN by visiting the sales centre in Redstone, open Monday to Thursday, 2 to 8 p.m. and Friday, weekends and holidays, noon to 5 p.m., or visit zeninbalance.com AUG 18 - SEPT 15, 2017 47

ADVICE | CALGARYISM

FIRST IMPRESSIONS ARE EVERYTHING CODY BATTERSHILL

ARE YOU THINKING ABOUT SELLING your home

in Calgary some time soon? If so, you’ll want to make sure that your property gives off the best first impression as possible to potential buyers to help speed up its sale while maximizing its value.

Here are some tips to making sure that your first impressions are top notch. Don’t settle for anything less than the best when it comes to first impressions.

CURB APPEAL First impressions are one of the most influential factors in the sale of your home, and the exterior is the first thing that a buyer will see.

Many buyers make their first decision on a property as they approach it from outside. If the exterior looks poorly maintained, assumptions begin about the condition of the interior and how you, the current owner, has possibly treated it over the past however many years.

48 NextHome.ca

If this is the case, viewing the home may not be as interesting for the buyer, despite how appealing it may be. Don’t let this happen. This is completely avoidable and can be detrimental to selling your home in a timely manner.

EXTERIOR MAINTENANCE A thorough investigation of the exterior of your home is one of the first things to do before selling. Look for even the smallest discrepancy in how something should look – and does look – such as: • A missing shingle on the roof • A small hole in the homes exterior siding • Chipped stone, concrete or brick along walkways • Frayed or cracked wood on the deck • Broken window screens

Don’t settle for anything less than the best when it comes to first impressions.

In essence, you want to become the buyer during this evaluation and be as specific and strict as possible. Look at your home through the eyes of a potential buyer; when you do, any small issue is one that needs considering.

Touching up paint, front and rear doors, window frames and roofing, for example, may very well be in your best interests and worth the minor investment of time.

If you’re looking at a more expensive repair on the home exterior, consult a real estate agent who can give you an expert opinion on if it will be worth it or not.

FOR THE SEASONS The steps you’ll want to take to boost your curb appeal largely depends on what season it is. In Calgary, the months with the most market activity are in spring and summer, although some people choose to sell in the winter for a variety of reasons.

For example, during the winter snow removal and non-icy driveway/walkways are a must. A proper shoe tray or mat for visitors’ footwear will help to maintain the interior clean and upkeep its own first impression on buyers while you’re not around.

In the summer, a trimmed lawn and hedges and some planted or potted colourful flowers can go a long way in improving the first impression your home gives to buyers. Landscaping is also influential in making or breaking a first impression.

INTERIOR STAGING First impressions begin as soon as a potential buyer walks into your home. The entrance should be warm and welcoming, as well as the rest of your home. This can be accomplished through proper use of: • Lighting • Smells • Music

Staging encompasses all these and more. If you stage your home accordingly, chances are that the first impressions made will be much more conducive to selling your home. Staging includes maintenance and fixing any problems that need attention such as:

• Chipped or worn paint • Damaged dry wall • Stained appliances

Once again, you’ll want to consider the investment of time and money, and determine if it will be worth it. Consult an experienced real estate agent if you’re unsure about any potential investments before selling your property.

Wishing you all the best in your next real estate transaction!

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 AUG 18 - SEPT 15, 2017 49

$300, Starting from

Modern features, Prayer room, Close to schools, 3 Bedroom 2.5 Baths, Open Concept, Guest Rooms, Ample Storage, Spice Kitchen, Mud rooms, Walk-in closet, Side entry, Patio

000

There’s more built into our price

Destiny 20

Townhomes – From $310s 1336 sq. ft. • 3 BR • 2.5 Baths

Uni

Single Family – From $390s 1566 sq. ft. • 3 BR • 2.5 Baths

To learn more about what we put in for the price, visit jayman.com/north-east

TRENDING

THE TOP 5 MOST EXPENSIVE HOMES FOR SALE

1. Belmont Estate, Vancouver PRICE: $63 million Beds: 5 / Baths: 12 Size: 21,977 sq. ft.

Highlights: Ocean view and three-level garden with flowers and trees 2. 1238, 1242 & 1248 Tecumseh Ave., Vancouver PRICE: $46.8 million Beds: 12 / Baths 10 full and 3 half Size: 49,000 sq. ft. lot Highlights: A three-property package deal including the main estate, the villa and the garden house

5. 242004 Range Road 32, Calgary PRICE: $30 million Beds: 6 / Baths: 5 Size: 160-acre property Highlights: An equestrian estate with stable care, boarding and training facilities, and a Grand Prix-sized indoor arena

88 Ave

Saddleridge

Stoney Trail

60 St

Country Hills Blvd

52 St

Métis Trail

3. 4351 Erwin Dr., West Vancouver PRICE: $42 million Beds: 7 / Baths: 9 / Size: 10,000 sq. ft.

Highlights: Ocean view, swimming pool and private beach access

4. 68 The Bridle Path, Toronto PRICE: $35 million Beds: 10 / Baths: 4 / Size: 4-acre ravine lot Highlights: Two-storey ballroom and 50-ft. granite and tile pool

(PHOTO CREDIT: SOTHEBY’S REALTY)

Canada’s luxury real estate has a lot to offer – from ocean-front beauties to modern mansions in flashy neighbourhoods. Point2homes compiled a list of the top most expensive homes for sale in Canada, and they’re impressive!

McKnight Blvd

AUG 18 - SEPT 15, 2017 51

Your nexthome is waiting.

Find the perfect new home or condo in the neighbourhood that fits your lifestyle.

HOT PROPERTIES / CALGARY AREA 1. MYSTIC RIDGE

SOUTH WEST

By: La Vita Land Builders: Calbridge Homes mysticcalbridge.com

2

2. CRESTMONT

By: Qualico Communities Builders: Sterling Homes, NuVista Homes, Broadview Homes, Trico Homes calgary.qualicocommunities.com/ crestmont/

4

1

3. DRESSAGE IN SILVERADO

By: Qualico Communities Builders: Baywest Homes, Augusta Home Hunter House by Streetside Developments silveradobyqualico.com

6

4. WEST SPRINGS

Builders: Vivace by Streetside Developments

5. EVERGREEN

Builders: Sanderson Ridge on Fish Creek

by Telsec

6. CURRIE BARRACKS

By: Canada Lands Builders: Axess by Slokker Homes

5

3

NOTE: Please match map numbers with property listings.

NEW HOMES

3

NEW CONDOS

Condos from the low $100’s www.mylegacypark.com 403.931.8558 AUG 18 - SEPT 15, 2017 53

PROPERTY PROFILE

Slokker’s Axess OFFERS GREAT SOUTH CALGARY LOCATION

PEOPLE OFTEN SAY REAL ESTATE IS ALL ABOUT LOCATION – having easy access to shops, services and amenities – and it’s among the many reasons Axess is becoming a hit with buyers.

Crafted by Slokker Homes, Axess presents a premium address located in the master-planned community of Currie, offering university district living in south Calgary, walkable to great amenities and just seven minutes to downtown.

“Axess offers a great location close to downtown, shops and services in Marda Loop, the Glenmore Reservoir and Rutland Park – it really offers that live, work, play lifestyle,” says COO Tom Hong. “We’re adjacent to Mount Royal University, giving residents direct access to a world-class recreational centre that is open to the public and includes a lap pool, gym, climbing wall, indoor running track, concerts at the Bella Concert Hall, which hosts a variety of artists, medical services, eateries and cafes – it’s a very walkable lifestyle.

54 NextHome.ca

“Another big selling feature is Currie Life by Canada Lands Corporation, which is a major project that will include amenities such as a grocery store, retail outlets and cafes all within walking distance.”

Axess offers buyers a mixture of housing styles – there are two buildings offering apartment-style condos and four stacked buildings that are designed with walkout bungalow studios and two-storey townhomes. “What makes the townhomes unique is the huge

greenspace they have, making it great for kids, dogs and just relaxing outside.”

“We’ve been getting a good response from buyers who really love the open concept modern

designs,” Hong says, noting the interiors present smart space designs that maximize living space and ensures properlyproportioned room sizes. “We’re attracting young professionals,

first-time buyers, single parents and downsizers, and they love that we’re pet-friendly.”

On the condo side, the first building is complete and possessions began in fall 2016.

“We do have some suites – onebedroom and one-bedroom plus den – available for immediate possession in this building, and we’re currently selling the second building where buyers can enjoy mountain views.”

The second building features one-bedrooms at 663 sq. ft., one-bedrooms plus den at 767 sq. ft., two-bedrooms with one bathroom at 763 sq. ft. and twobedrooms with two bathrooms at 980 sq. ft., starting from the low $300,000s.

The first two townhome buildings are sold and occupied, and sales are underway in the third and fourth buildings with 1,268-sq.-ft., three-bedroom townhomes and 536-sq.-ft. studios available. Studios start in the $230,000s, while the twostorey townhomes start in the mid-$500,000s and possessions begin this fall.

Buyers also appreciate the well-appointed interiors that include features such as nine-ft. ceilings, chef-inspired kitchens with quartz countertops, professional stainless steel appliances including a gas stove, tile backsplash and eating bar, plank flooring, tile floors in entry, laundry and bathrooms, spa-inspired bathrooms, insuite laundry and generous balconies or terraces. There is also secured underground parking.

For more information on Axess, visit the showsuite at 1105 95 Burma Star Rd. S.W., open Monday to Thursday, 2 to 8 p.m., and weekends, noon to 5 p.m., or call 403.671.5737 or visit gainaxess.com AUG 18 - SEPT 15, 2017 55

CELEBRATING SUCCESS

NextHome would like to congratulate the 2017 CHBA – Alberta Awards of Excellence Finalists

BILD ALBERTA ANNOUNCES THE CHBA – ALBERTA HOUSING & SAFETY AWARDS FINALISTS EDMONTON – Building Industry and Land Development Alberta Association (BILD Alberta) is pleased to announce the 76 finalists for the 2017 CHBA-Alberta Awards of Excellence in Housing presented by The Alberta New Home Warranty Program Group of Companies.

This year’s awards feature 25 individual categories and three prestigious Builder of the Year Awards. BILD Alberta is also proud to announce the 12 finalists for the four Safety Leadership Awards sponsored by ATCO. Housing and safety awards winners will be announced September 15 at BILD Alberta’s Fall Conference in Jasper.

Builder of the Year Awards will be presented to the highest scoring builders in the smallvolume, large-volume and multi-family categories. These builders have demonstrated leadership in design, safety, volunteerism and customer satisfaction.

“This year’s finalists, chosen by over 140 judges, are a great representation of the innovative work being done across the entire spectrum of Alberta’s residential construction industry,” said Donna Moore, CEO, BILD Alberta, “We’re pleased to recognize many segments of the industry from single family and multi-family to green home, community development and renovation.”

Over 350 submissions came in from across Alberta to compete for top honours in the housing and safety awards. Edmonton region projects have 37 finalists, followed closely by Calgary region at 34. Lethbridge has four finalists and Medicine Hat has one project in the running for provincial awards.

Building Industry and Land Development Alberta Association (BILD Alberta) represents the amalgamation of the Canadian Home Builders’ Association – Alberta and the Urban Development Institute Alberta. BILD Alberta is the unified voice for the land development, home building and renovation industry, representing over 1,900 business members.

RENOVATION UNDER $200,000 SPONSORED BY ENVIROMATICS GROUP

Kon-strux Developments | Calgary | Silky Study in White Kon-strux Developments | Calgary | Suburban Stunner StyleLab Developments | Edmonton | JK Residence

RENOVATION $200,000 - $500,000 SPONSORED BY ROXUL

ALAIR HOMES

Alair Homes | Edmonton | Jaymoor Estates Alair Homes | Edmonton Laurier Heights Aquarian Renovations | Edmonton | Longview Residence

RENOVATION OVER $500,000 SPONSORED BY RBC ROYAL BANK

Alair Homes | Edmonton | Whitecroft Habitat Studio | Edmonton | Quantum Ultimate Renovations | Calgary | Lake Bonavista

MULTI-FAMILY APARTMENT UNDER $500,000 SPONSORED BY SHAW CABLESYSTEMS

Cardel Lifestyles | Calgary | Evergreen 2 - H2 Cardel Lifestyles | Calgary | Legacy - H1 Cardel Lifestyles | Calgary | Palliser - B

BROST DEVELOPMENTS

MULTI-FAMILY DUPLEX UNDER $350,000 SPONSORED BY RBC ROYAL BANK

Brost Developments | Medicine Hat | Berkeley Calbridge Homes | Calgary | Colorado San Rufo Homes | Edmonton | Emmerson C

MULTI-FAMILY DUPLEX $350,000 - $500,000 SPONSORED BY KAYCAN

Calbridge Homes | Calgary | Savannah Morrison Homes | Calgary | Parker Trico Homes | Calgary | Parkside

MULTI-FAMILY TOWNHOME UNDER $350,000 SPONSORED BY LENNOX

CARDEL LIFESTYLES

Mattamy Homes | Edmonton | Scene End Mattamy Homes | Edmonton | View StreetSide Developments | Edmonton | ALTIUS Essex

MULTI-FAMILY TOWNHOME $350,000 - $500,000 SPONSORED BY SUPERIOR CABINETS

Cardel Lifestyles | Calgary | Bridlewood- E2 Cardel Lifestyles | Calgary | Park - E2 Trico Homes | Calgary | Verona - Rundle E2

MULTI-FAMILY LUXURY OVER $500,000 SPONSORED BY STAR MECHANICAL

NuVista Homes | Calgary | Cayenne RNDSQR | Calgary | S.21A StreetSide Developments | Edmonton | Triumph Ambleside Pearl

RNDSQR

MULTI-FAMILY PROJECT SPONSORED BY BROCK WHITE CONSTRUCTION MATERIALS

Mattamy Homes | Edmonton | Allentown Remington Development Corporation | Calgary | Champagne StreetSide Developments | Edmonton | ALOFT Skyview

COMMUNITY DEVELOPMENT SPONSORED BY CHRISTENSON GROUP OF COMPANIES

Brookfield Residential | Calgary | Auburn Bay Brookfield Residential | Calgary | Cranston's Riverstone Canada Lands Company | Edmonton | Village at Griesbach Heritage Pointe Properties | Calgary | Artesia at Heritage Pointe

BROOKFIELD RESIDENTIAL

GREEN HOME SPONSORED BY BUILT GREEN CANADA

Augusta Fine Homes | Edmonton | Moses Residence De Waal Developments | Edmonton | De Waal Residence Habitat Studio | Edmonton | Geo

SINGLE FAMILY UNDER $250,000 SPONSORED BY CANADA MORTGAGE & HOUSING CORPORATION

Douglas Homes | Calgary | Cascade Douglas Homes | Calgary | Vermillion Homes by Avi | Edmonton | Ivan

SINGLE FAMILY $250,000 - $280,000

HOMES BY AVI

SPONSORED BY KVR ELECTRIC

Brookfield Residential | Calgary | Belvedere III Galko Homes | Lethbridge | Lynnwood II Jayman BUILT | Calgary | Sonata

SINGLE FAMILY $280,000 - $310,000 SPONSORED BY RBC ROYAL BANK

City Homes Master Builder | Edmonton | Torino Stranville Living | Lethbridge | Stirling UrbanAge Homes | Edmonton | Copa Cabana

SINGLE FAMILY $310,000 - $340,000 SPONSORED BY HUNTWOOD CUSTOM CABINETS

City Homes Master Builder | Edmonton | Wellington Mattamy Homes | Edmonton | Hickory B Stepper Homes | Calgary | Horizon

MATTAMY HOMES

SINGLE FAMILY $340,000 - $380,000 SPONSORED BY ICON FLOORING

Ashcroft Master Builder | Lethbridge | Zander Avonlea Homes | Lethbridge | Ashburn 2 UrbanAge Homes | Edmonton | Kitsilano

SINGLE FAMILY $380,000 - $425,000 SPONSORED BY CUSTOMERINSIGHT

Ashton Luxury Living | Calgary | Luca Blackstone Homes | Edmonton | New Castle 1 StyleLab Developments | Edmonton | NF Residence

AVONLEA HOMES

SINGLE FAMILY $425,000 - $475,000 SPONSORED BY EDMONTON JOURNAL & CALGARY HERALD

Blackstone Homes | Edmonton | Cambridge Douglas Homes | Calgary | Montenegro Stepper Homes | Calgary | St. Andrews 3

SINGLE FAMILY $475,000 - $525,000 SPONSORED BY DELTA BY MASCO

Broadview Homes | Calgary | Harlow Homes by Avi | Calgary | Carrington Hawthorne White Eagle Homes | Edmonton | Emilia

BROADVIEW HOMES

SINGLE FAMILY $525,000 - $600,000 SPONSORED BY ATB FINANCIAL

Augusta Fine Homes | Edmonton | Sutton Stepper Homes | Calgary | St. Andrews 3 White Eagle Homes | Edmonton | Emilia

ESTATE HOME $600,000 - $800,000 SPONSORED BY RELIANCE HOME COMFORT

Augusta Fine Homes | Edmonton | Sutton Bengel Contracting | Edmonton | BCH1501 Morrison Homes | Calgary | Vista

ESTATE HOME $800,000 - $1,000,000 SPONSORED BY 3D ENERGY

WHITE EAGLE HOMES

Crystal Creek Homes | Calgary | Private Residence Kanvi Homes | Edmonton | Fusion Vicky's Homes | Edmonton | Vazari

ESTATE HOME $1,000,000 - $1,500,000 SPONSORED BY NEXTHOME

Morrison Homes | Calgary | Lakefront Residence Vicky's Homes | Edmonton | Venzo Vicky's Homes | Edmonton | Vipalo

ESTATE HOME OVER $1,500,000 SPONSORED BY WEISER PFISTER

KANVI HOMES

McKinley Masters Custom Homes | Calgary | Tresco Estate Vicky's Homes | Edmonton | Verari Vicky's Homes | Edmonton | Verity

SAFETY LEADERSHIP AWARD FINALISTS SPONSORED BY ATCO

LARGE EMPLOYER GENERAL MEMBER All Weather Windows | Alberta Bruin's Plumbing & Heating | Central Alberta Giusti Group of Companies | Calgary SMALL EMPLOYER BUILDER MEMBER Empire Homes | Lethbridge Stranville Living | Lethbridge Vicky's Homes | Edmonton MEDIUM EMPLOYER BUILDER MEMBER Avonlea Homes | Lethbridge Galko Homes | Lethbridge Stepper Homes | Calgary LARGE EMPLOYER BUILDER MEMBER Landmark Group of Builders | Alberta Morrison Homes | Alberta Qualico Group of Builders | Calgary

NEIGHBOURHOOD PROFILE

Sunalta A FRIENDLY AND VIBRANT COMMUNITY

BY KAIT KUCY

HOT SPOTS

HERITAGE POSTERS AND MUSIC This iconic building houses thousands of records and music paraphernalia.

QUAINT, TREE-LINED Sunalta is located in the Southwest. One of the city’s oldest neighbourhoods, Sunalta is an inner-city community southwest of downtown and south of the Bow River.

the Calgary Tennis Club and an outdoor skating rink in the winter.

The Sunalta Community Centre is a hub for all kinds of community events including yoga, dance lessons and more.

THE VIBE

REAL ESTATE

Sunalta is a friendly and vibrant community that lives an active and energetic lifestyle. Being so close to 17th Avenue SW, this neighbourhood is a refuge from inner city life. Residents are early to adopt new trends, shops and restaurants, yet they find retaining the history of the area important.

Sunalta is home to a wide array of housing types, with apartments being the most common occupied dwelling type. There are many heritage homes that were built in the early 1900s. These homes are priced above average and are highly desirable.

IN THE AREA

There are two schools in Sunalta – Sunalta Elementary School and Sacred Heart Elementary School.

There are many opportunities for outdoor activity such as

MEET THE NEIGHBOURS

Sunalta is a diverse neighbourhood thanks to the wide variety of housing options.

Although there are many singles and young couples in the area, it is also family-friendly, with a lot of greenspace to enjoy.

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

ONE WAY FOODS & DELI A favourite among locals.

Fresh and tasty burgers and tacos among the highlights.

SUNALTA COMMUNITY CENTRE At the heart of the community, this facility hosts yoga classes, dances and lessons and more.

+DID YOU KNOW? The community was established in 1910 on land annexed to the city of Calgary in 1907 and previously owned by the Canadian Pacific Railway.

AUG 18 - SEPT 15, 2017 61

TRENDING

MAKING SENSE OF RISING INTEREST RATES

BY WAYNE KARL

THE BANK OF CANADA’S DECISION LAST MONTH TO RAISE the target for its

overnight rate to 0.75 per cent from 0.50 – the first hike in seven years – may be cause for concern for some Canadians. But should it be? Are more increases in the offing? What does it all mean? How will it affect you?

Two of the most telling comments in the statement by the Bank of Canada were, “The current outlook warrants today’s withdrawal of some of the monetary policy stimulus in the economy,” and, “Future adjustments to the target for the overnight rate will be guided by incoming data as they inform the Bank’s inflation outlook, keeping in mind continued uncertainty and financial system vulnerabilities.”

62 NextHome.ca

TRANSLATION?

“The first statement tells us that they are very much looking to further rate increases when they state they plan to ‘withdraw monetary stimulus,’ but the second statement tells us that they are still not very confident in their ability to do so,” Calum Ross, wealth planner, The Mortgage Management Group, told NextHome.

“The fact remains that while the output gap (an economic measure of the difference between the actual output of an economy and its potential output) may be closing – all three key measures that the Bank of Canada uses for inflation control are low.”

The BoC is trying to strike a balance between easing Canadians off a growing dependence on low interest rates and not shocking the economy too much. While there may be future rate increases, they will likely be slow and gradual.

“Low rates will be here for a long time to come,” says Ross. “Neither our government nor Canadian consumers can afford too much of an increase too fast – they are both in far too much debt.”

Canada recorded a government debt equivalent to 92.30 per cent of the country’s Gross Domestic Product in 2016, compared to an average of 77.76 per cent from 1980 to 2016, he points out. “The government needs low rates almost as much as consumers. Even more so when you consider the deficits being run.”

HOW OTHERS SEE THE HIKE

ECONOMIC STRENGTH

And believe it or not, rising interest rates – at least in this example – are a positive sign that the economy is doing well.

“Our economy is creating jobs, and if GDP growth for 2017 does indeed reach 2.8 (as per the Bank’s forecast), that’s great news.”

If the Bank of Canada indicates another raise in its key interest rate again before the end of the year, we anticipate more buyers will enter the market to take advantage of existing rates. In this case, the raise will negatively impact housing affordability moving forward, particularly in markets already struggling with affordability, such as Vancouver and Toronto.

However, if the Bank of Canada doesn’t raise its key interest rate again before year-end, we don’t anticipate this hike to have a significant long-term impact on the real estate market.

– Elton Ash, Regional Executive Vice-President, ReMax of Western Canada

AUG 18 - SEPT 15, 2017 63

Horse Creek Road

ay 1A

Hig hw ay 22

Highw

HOT PROPERTIES / CALGARY AREA

COCHRANE

2

2

5

4

4

1 1

NOTE: Please match map numbers with property listings.

3 NEW HOMES

NEW CONDOS

1. FIRESIDE

4. RIVERSONG

By: La Vita Land Builders: Calbridge, Janssen, Kingsmith, Landmark, ReidBuilt Homes firesidecochrane.com

By: Tamani Communities Builders: Jayman BUILT, Trico Homes, THE RISE by Jayman Modus riversongcochrane.com

2. HEARTLAND

5. JUMPING POUND RIDGE

By: Apex Developments Builders: Excel Homes, Jayman BUILT, BRAND by Birchwood Properties heartlandcochrane.com

By Slokker Homes jumpingpound.com

3. THE WILLOWS OF RIVER HEIGHTS By: La Vita Land Inc. Builders: Janssen Homes, Kingsmith Homes, NuVista Homes and Sterling Homes thewillowscochrane.com

AUG 18 - SEPT 15, 2017 65

TRENDING

FIRST-TIME BUYER STRESS HAVING LITTLE IMPACT ON PURCHASING BEHAVIOUR AN ASSESSMENT OF HOW consumer attitudes impact

homebuying decisions reveals that Canadians have measured optimism for the housing market and the economy. However, exceptions to this view are seen among new homebuyers in hot housing markets such as Vancouver and the Greater Toronto Area, which are influenced by local market conditions, according to a recent study by Mortgage Professionals Canada’s chief economist, Will Dunning.

New homebuyers in the GTA and Vancouver have the highest stress levels around home purchasing decisions and are least optimistic, while those in Atlantic Canada and Quebec have the lowest levels of stress and are most optimistic. Canadians generally consider mortgages as “good debt” with recent homebuyers most positive.

MORTGAGE STRESS TEST NOT REDUCING DEBT

The federal government introduced the mortgage stress test last October as a way of reducing household debt by assessing whether borrowers can afford mortgage payments at higher interest rates. Rather than decreasing debt load, the stress test is driving some consumers to uninsured lending options with sometimes significantly higher interest rates, thereby shifting the debt load of the most vulnerable consumers away from the stability of mortgage insurance.

FAILED THE STRESS TEST? The survey asked consumers who do not meet the stress test eligibility criteria how they would proceed. Most respondents indicated they would either buy a less expensive home, or increase their down payment by:

31%

RRSP withdrawal

16%

get a loan from a financial institution

43%

delay their purchase

30%

seek help (gifts or loans) from family

WELL, THAT DIDN’T TAKE LONG… THE BANK OF CANADA (BOC) raised the target for

its overnight lending rate for the first time in seven years on July 12. The same day BoC increased its rate 0.25 percentage points, Canada’s five major financial institutions quickly followed suit.

OVERNIGHT LENDING RATE

.50% to .75% 66 NextHome.ca

Bank of Canada

How will this affect Canadians? Consumers with loans based on the prime rate will have to pay more interest on money borrowed for such things as variable-rate mortgages, home equity lines of credit, student loans and lines of credit.

CANADIAN PRIME INTEREST RATE

2.70% to 2.95%

Scotiabank, TD, RBC, CIBC, BMO

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OKOTOKS

HIGH RIVER

1 3 2

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NEW HOMES

NEW CONDOS

1. RANCHERS’ RISE

4. HIGH RIVER MONTROSE

By: Bordeaux Developments Builders: Baywest Homes, Sterling Homes, Wolverine Custom Homes okotoksranchersrise.com

By: Dream Development Builder: Lifestyle Homes, Red Door Homes escapethecity.ca

2. DRAKE LANDING

5. HERITAGE POINTE ARTESIA AT HERITAGE POINTE

By: United Communities Builders: Lifestyle Homes, Sterling Homes, Prominent Homes drakeunited.com

By: Heritage Pointe Properties Inc. Builders: Astoria Custom Homes, Albi Homes, Calbridge Homes liveatartesia.com

3. MOUNTAINVIEW By: Apex Developments Builders: Excel Homes, Sterling Homes mountainviewokotoks.com

AUG 18 - SEPT 15, 2017 69

ADVICE | MORTGAGE INTEL

4 QUESTIONS TO ASK YOUR MORTGAGE BROKER

ALYSSA FURTADO

BEFORE SHOPPING FOR A HOME,

you should get a mortgage preapproval. Getting one is a great start but it won’t guarantee you’ll get the best mortgage rates.

To ensure you’re getting the lowest mortgage rate, you should use a mortgage broker. A broker shops your application around to a variety of lenders before picking one with the lowest rate and the best terms.

However, finding a broker is similar to finding a real estate agent. You want the best, but how do you know who’s right for you?

QUESTIONS TO ASK YOUR MORTGAGE BROKER: 1. HOW LONG HAVE YOU BEEN A BROKER?

If you’re a newcomer or a first-time homebuyer, you want someone with a lot of experience in the industry, who can recommend the best product for your situation instead of a standard five-year fixed mortgage.

If a shorter-term mortgage is better for you, you’ll want a broker who will recognize what’s ideal for your circumstances.

2. HOW MANY LENDERS DO YOU WORK WITH?

If you get a mortgage from your financial institution, you’ll only 70 NextHome.ca

have one lender to choose from.

However, brokers work with a number of lenders, which allows them to pick the lender who works best for your situation.

Although brokers work with many lenders, they tend to do the majority of their business with just a few of them. That gives them the ability to get lower rates and volume discounts that are passed on directly to you. Brokers can provide you with a list of the lenders they work with, including the ones they use the most.

Your mortgage broker should be able to tell you why you do or don’t qualify for the lowest rate 3. WHAT’S THE APPLICATION PROCESS?

As we move away from faceto-face communications, you should use a broker whose communication style is similar to yours. Do they prefer to communicate via phone, in person or through email? Do they accept electronic signatures or prefer that you come in to sign documents?

Your broker should take you through the steps to ensure the mortgage is suitable for you and explain anything you don’t understand. The way they communicate this to you should

be in a way that you’re most comfortable with so the whole mortgage application process runs smoothly.

4. HOW ARE YOU PAID? You don’t have to pay mortgage brokers for their services, but keep in mind they don’t work for free. They’re paid by the lender who takes on your mortgage and the broker’s commission is usually between 0.5 and 1.2 per cent of the mortgage amount.

Also, if the mortgage term is longer, they get paid a higher commission. Your broker should explain how he or she is paid.

THE BOTTOM LINE

When you’ve found a mortgage broker you like, you can start the mortgage application process. Once you’ve been pre-approved, compare the mortgage rate quote you receive with the best rates.

If it’s different, ask why. Your mortgage broker should be able to tell you why you do or don’t qualify for the lowest rate. If you’ve chosen the right broker, their answer should be clear.

Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards, highinterest savings accounts, chequing accounts, and insurance with the goal to empower Canadians to search smarter and save money.

+MORE ADVICE ONLINE nexthome.ca/news/advice

THE LAST WORD

Q&A WITH

ALLAN KLASSEN SENIOR VICE-PRESIDENT, CALGARY HOUSING, BROOKFIELD RESIDENTIAL

BY WAYNE KARL

The Passive House standard is the most stringent energy standard in the world. Brookfield is aiming for this to be the first Passive House in Alberta certified by the Passivhaus Institut in Germany.

NEXTHOME: An easy one to start: How’s business in Calgary? It seems the economy and housing market are starting to turn the corner.

Allan Klassen: The market has been pretty steady for the first half of the year, considerably stronger than 2016. Construction permits are up 30 per cent, and though listings on MLS have increased dramatically, it’s showing a balanced market. So, overall, very good in most segments.

NH: The so-called “missing middle” is something we’re hearing more and more about, especially in large, expensive markets such as Toronto.

How much of an issue – and opportunity – is it in Calgary?

72 NextHome.ca

AK: I don’t see this as an issue as much as an opportunity. The “missing middle” is a term used to describe a housing product that will provide a mixed-use application to a larger site – 20 to 30 acres – introducing a variety of housing types. From walkup towns, semi-detached, apartments and condo, owned and rental, all supported by some

The Brookfield Passive House is a three-bedroom, two-bathroom, 2,435-sq.-ft. home located in Symon’s Gate, one of Calgary’s best new communities. The floorplan is the Austin – a model that Brookfield already builds with conventional construction techniques.

retail component. Primarily in brownfield development, but also in greenfield suburban development, usually near a Transit Oriented Development, whereby a neighborhood within a neighborhood is created.

Focused on the two largest demographics – downsizing Baby Boomers and the up and coming Millennials.

NH: What areas of Calgary are prime candidates?

AK: Any neighborhoods that are close to transit, have large sites, such as underutilized shopping malls, schools or new communities that have a 20- to 30-acre site.

NH: How much is Brookfield focused on the “missing middle”? What projects do you have underway?

AK: I don’t believe we are as focused on the “missing middle” as we are on understanding the overall market demand of the consumer for choice both in our suburban communities such as Livingston, as well as the inner city and other brownfield opportunities.

NH: Brookfield is also involved in something called “passive

housing.” What exactly is that, and how is it going?

AK: The Symon’s Gate Passiv Haus is a community showcase for sustainability and advanced energy efficiency. It will be one of the most energy efficient homes ever built in Alberta – using 90 per cent less energy than a typical new home. We’re having a year-long open house before we sell it.

It’s our hope that this home will spark important conversations about energy efficiency and home design among homebuyers, neighbours and industry and government.

The base theory of the Passive House design and construction can be summed up as: Maximize gains and minimize losses.

The home was designed, engineered and pre-fabricated in Germany, the acknowledged world leader in passive house construction, and then shipped to Calgary for construction by Brookfield’s master builders.

It is a living, working demonstration of sustainability and Brookfield Residential ’s commitment to innovation. As a pilot project, this house will be a “one-off” in this community, but it will provide our employee and trades teams with new experiences and understanding

to help prepare for anticipated future code improvements.

Homeowners of these kinds of homes will enjoy an incredibly quiet and comfortable home with excellent air quality. Thanks to the super-insulated walls and roof, air-tight construction and ultra-efficient windows, the home is draft-free.

There isn’t even a furnace!

The sun and warmth generated during the daytime eliminate the need, and heating and operating costs will be lower thanks to the significant energy savings and the use of high quality components such as PV solar array to provide electricity, and concrete and cross-laminated timber to help the home withstand extreme weather.

Since this is a pilot project, we haven’t made a commitment to build more passive homes in Alberta. We will evaluate the interest from buyers and incorporate learnings into future designs.

NH: What is the future of passive housing in Calgary? Are buyers ready to embrace it?

AK: It’s a little too early to say, as we have not completed the home, and we still have a lot of work to do to understand the customer response.

AUG 18 - SEPT 15, 2017 73

ADVERTISER INDEX Avenue - Grosvenor Developments .........................................................................................................................................23 Axess - Slokker Homes ...........................................................................................................................................................54-55 Bayview - Genesis Builders Group ................................................................................................................................. 1, 12-13 Canals - Slokker Homes.................................................................................................................................................................. 7 Carrington - Excel Homes ............................................................................................................................................................39 Carrington - Mattamy Homes ....................................................................................................................................................... 2 Cityscape - Mattamy Homes ......................................................................................................................................................... 2 Copperfield Park III - Brad Remington Homes......................................................................................................................53 Cornerstone - JaymanBUILT...................................................................................................................................................... 50 Drake Landing - United Communities .................................................................................................................................... 68 Evanston - Qualico Communities ............................................................................................................................................... 3 The Gates at Hillcrest - Mattamy Homes .................................................................................................................................. 2 Gatestown - Remington Development Corp. ......................................................................................................................... 5 GeorgeTown @ Reunion - Slokker Homes................................................................................................................................ 7 The Guardian - Hon Towers Ltd. ................................................................................................................................................75 Heartland - Apex Land.................................................................................................................................................................. 64 Heartland - Excel Homes ..............................................................................................................................................................65 Hillcrest - Apex Land ......................................................................................................................................................................15 Hillcrest - Excel Homes .................................................................................................................................................................15 Jumping Pound Ridge - Slokker Homes .................................................................................................................................67 Legacy Park - Brad Remington Homes ....................................................................................................................................76 Mahogany - Excel Homes.............................................................................................................................................................31 Midtown - Excel Homes................................................................................................................................................................ 11 Midtown - Shane Homes ...................................................................................................................................................3, 16-17 MountainView - Apex Land .......................................................................................................................................................... 71 Mountainview - Excel Homes .................................................................................................................................................... 69 Nolan Hill - United Communities ..............................................................................................................................................41 Ravenswood - Qualico Communities ......................................................................................................................................19 Radius - Bucci ...........................................................................................................................................................................20, 21 Redstone - JaymanBUILT ............................................................................................................................................................ 50 Savanna - Genstar...........................................................................................................................................................................51 Savanna - Excel Homes ................................................................................................................................................................ 45 Southwinds - Mattamy Homes ..................................................................................................................................................... 2 Sunset Ridge - Excel Homes........................................................................................................................................................65 Viridian Condos - Trico Communities ..................................................................................................................................... 40 Vista Crossing - Dream Developments ....................................................................................................................................14 Walden - Genstar .......................................................................................................................................................................... 30 Walden - Excel Homes ..................................................................................................................................................................31 Westman Village - JaymanBUILT .................................................................................................................................................6 Yorkville - Mattamy Homes............................................................................................................................................................ 2 Zen Urban District- Avalon Master Builder ...............................................................................................................................4 Zen Ravenswood - Avalon Master Builder............................................................................................................................. 44 Zen Redstone - Avalon Master Builder .............................................................................................................................46-47

74 NextHome.ca

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