SEPT 18 - OCT 16, 2015 VOLUME 18, ISSUE 10, FREE
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SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 7
contents SEPT 18 - OCT 16, 2015 | VOLUME 18 ISSUE 10
11
ON THE COVER
Brad Remington Homes + online NEIGHBOURHOOD
HOME SEARCH
MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
WITH
DYNAMIC MAPS
LOOK FOR THE CIRCLE
New Legacy Park condos a ‘game-changer’ property profiles
trending
16
Remington Dev. Corp.
36
Jayman Modus
64 New Community Mailbox Fee
38
An exceptional boutiquesuites project in Quarry Park Things are on the Rise in Riversong with fabulous new townhomes
44 Birchwood Properties Upscale townhomes in Kensington’s Ezra on Riley Park
Luxury Home Sales Up
Healthy inventory brings balance to Calgary market
One year reprieve for new-home buyers By Marlene Eisner
PRESIDENT, YELLOW PAGES NEXTHOME
Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge DIRECTOR OF SALES
Moe Lalani SALES MANAGER, ALBERTA
Shelley Balla ART DIRECTOR
Daiana Garay EDITOR
44 advice
buyers’ resource section
18
69
Contemplating Condominiums
CMHC Mortage Insurance By Linda Palfi
22 Calgaryism
24 Legal Notes
Your legal fees, and where the money goes by Catherine Stark
48 Condo Sense: Condo’s for 50-plus
Five reasons why buying a condo makes sense for the 50-plus crowd By Marlene Eisner
52 Home Decor: Calgary Home Show
For DIYers, the beauty and benefit of upcycling
By Kathleen Renne
56 Mortgage Advice
The Bank of Canada releases lending rate; what it means for you By Alyssa Richard
71
Money Matters
Owning versus renting By Gail Vaz-Oxlade
what’s online
72
Trending Now
More stories, videos and photos
CONTRIBUTING EDITORS
Wayne Karl Elisa Krovblit Sara Duck (on leave) DESIGN EDITOR
Yanic Simard MEDIA CONSULTANT
Natalie Houghton 587.226.1313 Like us on Facebook: search: CalgaryNewCondoGuide
Inspiration
PRODUCTION MANAGER
70
PRODUCTION CO-ORDINATOR
Three reasons why now is a good time to buy Calgary real estate By Cody Battershill
Mortgage Rates
Marlene Eisner Lydia McNutt (on leave)
Bala Gnanapandithan
The Scoop
Catch up on decor, reno news, inspiration, style and more
10
Editor’s Note
73
Advertiser Index
district maps Southeast Map
27
Northeast Map
Viosa Barileva
ADVERTISING RATES
T 587.226.1313 email natalie.houghton@ypnexthome.ca
35 Satellite Communities 43 Inner City 59 Southwest Map 63
GRAPHIC DESIGNER
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in every issue
15
Greg Van Sluytman
Northwest Map
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CIRCULATION Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. COPYRIGHT 2015 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. Yellow Pages NextHome is a trademark of Yellow Pages Group Co. in Canada. Editorial Submissions from interested parties will be considered. Please submit to Susan.Legge@ypnexthome.ca The views and data expressed by columnists do not necessarily represent those of the publication Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
Editors' Notes
EXPLORE 17TH AVENUE
EXCLUSIVE VIDEO ONLINE ypnexthome.ca/17th-Ave-Calgary
We’ve got a new look! Susan Legge Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge
The intent behind the redesign of our magazines and website was simple – to make finding your next home easier. In fact, you’ll see more yellow street boxes and racks popping up across Canada over the next 16 months with our new YPNextHome branding. As the largest real estate publishing company in Canada, our goal is to deliver real estate information in a new way via compelling news and insights using data, photos, and
expert advice that is informative and inspirational. If you see something you like within these pages, there’s even more to explore online. We encourage you to visit us at ypnexthome.ca to experience more. We’re the same great group of real estate experts and we’ve been hard at work creating exciting new products to help you find your next home. We’re planning for a bright future and looking forward to unearthing what’s next in the world of real estate.
Get a move on — stress free
Marlene Eisner Editor Yellow Pages NextHome Email: Marlene.Eisner@ypnexthome.ca
+ get social 10 YPNEXTHOME.CA
Whether this is your first move or your 10th, changing homes is a big step. It doesn’t matter if you’re downsizing into a pied-à-terre, or moving into a penthouse suite — it takes planning to pull it off, stress-free. And if that move coincides with a major life milestone — think going off to university, getting married (or divorced!), the birth of a child or retirement — the process becomes just a little more complicated. To
ensure a smooth move, it’s best to do a little research. Check out moving companies with the Better Business Bureau; try and get quotes from three different movers; insist on getting the terms and conditions of your move in writing. Moving is exciting. Enjoy your new home and the possibilities awaiting you once you settle in.
Interact with us on social media: ypnexthome
Property Profile | LEGACY PARK
cover story
Brad Remington launches a “game-changer”
with Legacy Park By Heather Ryan TAKING THE HUGE SUCCESS OF THE
Copperfield Park trilogy and its “Love It, Live It, Afford It” legacy up a notch, Brad Remington Homes is launching a new condo development in Legacy that will be a “game-changer.” “People will be amazed that we’ve been able to raise the bar with plans, product and presentation, but that we’re moving back in time with the pricing,” says Bryan Logel, vicepresident of sales and marketing at Brad Remington Homes. “We’re extremely excited to launch
Legacy Park, (tentatively scheduled for Sept. 26), where we plan to follow in the success of our Copperfield Park communities by providing homeowners with high-quality stylish one-bedrooms and two-bedrooms/ two baths at super affordable prices that we believe will change the industry with design and pricing,” he says. “This is a game-changer for the marketplace.” “We are hitting the current marketplace head on and making sure each home is super affordable,
while still bringing incredible value with outstanding standards such as nine-ft. ceilings, granite or quartz countertops and an underground parking stall with every suite; it’s quite an amazing development.” Legacy Park will be created in two parts with the first phase consisting of four, four-storey buildings and it will offer one-bedroom, two- and three-bedroom designs starting from an exceptional price from the low $100,000s, providing buyers with the opportunity to “Afford It.” SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 11
“Residents can also customize their homes with a full range of options, allowing buyers to “Love it and Live it.””
“We’re always looking for ways to improve our purchasers’ home living experience through design with the goal of creating lifestyle friendly homes. We will accomplish that in Legacy Park by keeping some of our best-selling models from Copperfield Park, and introducing some exciting new floor plans,” Logel says. “When we look at all the potential purchasers in Legacy Park, there will be something there for everyone.” The well-appointed interiors also include full-sized kitchens with 12 YPNEXTHOME.CA
an appliance package that includes a fridge, stove, dishwasher and over-therange microwave, premium cabinetry with soft-close doors and drawers, in-suite laundry with the washer and dryer, knockdown ceilings and private balconies or patios. Residents can also customize their homes with a full range of options, allowing buyers to “Love it and Live it.” Legacy Park will feature an eyecatching exterior and strong curb appeal with premium plank siding, brick and intricate detailing.
Legacy is a master-planned community situated in southcentral Calgary and Legacy Park is located right across from park space that overlooks a pond and is literally a stone’s throw away from the ravine and pathway system that weaves through the community. Located just minutes from Stoney and Macleod Trails with access off 210 Avenue S.E., residents have access to major traffic corridors and they’re close
to the LRT and a wide variety of shops, services and dining amenities up Macleod Trail and in nearby Shawnessey. “The location is nothing short of incredible. South Central Calgary is the area of the future based on the long term plan of the surrounding communities,” Logel adds. “The proximity of the South Health Campus Hospital, Quarry Park and a future Silverado LRT Station makes Legacy an ideal choice.” There is an information centre open on site, “but we’ve been taking registrations online (at MyLegacyPark.com) and the interest is extremely strong; we’ve never had as many people registering for a new development,” Logel says. The information centre is located at the corner of Legacy Boulevard and Legacy Main Street, open Monday to Thursday, 2-8 p.m., and weekends and holidays, noon-5 p.m. Interested buyers can also check out the quality and style offered by Brad Remington Homes by visiting new Copperfield Park III showsuites at 99 Copperstone Park S.E. (same hours).
403.930.6900 remingtoncorp.com
CENTRE STREET
F RI
AIRPORT
MCKNIGHT BLVD.
68 STREET
LA UR TRA IE BL VD IL .
14 STREET
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16 AVENUE
16 AVENUE
12 AVENUE
SOUTHEAST COMMUNITIES RIVE RIAL D
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36 STREET
MEMO
17 Ave
11 CHALET NO. 6 BY HOPEWELL
52 STREET
ELBOW DRI VE
BLACKFOOT TRAIL
17 Ave
646 Copperwood Blvd SE
12 EBONY BY JAYMAN MODUS
MacLEOD TRAIL
211 Mahogany Way
GLENMORE TRAIL
09
14
ANDERSON ROAD
DEERF
16 SANDGATE
02 11
16
6 Mahogany Terrace SE
AIL
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12
COPPERFIELD
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07 03
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05 WALDEN 01 04 24 23
13
06
15 LEGACY
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10
AUBURN BAY
16 N
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17 MOSAIC MIRAGE BY BROOKFIELD RESIDENTIAL 347 MacKenzie Towne Gate
W ST. 52
D TR
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17 RN OF LO RQUIS
116 Quarry Park Way SE
52 Legacy Gate SE
NEW BRIGHTON
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14 BOULEVARD TOWNES BY BIRCHWOOD 15 LIVINGSTONE TOWNES BY TRICO COMMUNITIES
OOT T RAIL
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08 CR21 EE
SHAWNESSY BLVD.
114 AVE SE
W BO
FISH
84 STREET
18
52 STREET
19
SOUTHLAND DRIVE
290 Cranford Drive SE
BARLOW TRAIL
GLENMORE RESERVOIR
13 HARVEST MOSAIC CRANSTON BY BROOKFIELD RESIDENTIAL
D. BLV
18 THE GATES BY REMINGTON DEVELOPMENT CORPORATION Presentation Centre: 350 Quarry Park Blvd SE
19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION
25
Quarry Park Blvd SE remingtoncorp.com
01 CRANSTON RIDGE BY CARDEL LIFESTYLES
Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/ cranston-ridge
02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.
03 MUSKOKA BY BROOKFIELD RESIDENTIAL 65 Auburn Meadows Way
04 LEGACY GATE BY CARLISLE GROUP 210 Ave. SE www.legacygate.ca
05 LEGACY STREET TOWNS BY HOMES BY AVI 42 Legacy Blvd SE
06 CRANSTON BY AVALON MASTER BUILDER
20 CRANSTON PLACE BY CARDEL LIFESTYLES
07 AUBURN WALK BY CARDEL LIFESTYLES
21 ALTURE MIDCITY BY ALTURE PROPERTIES
08 THE MORELLO
22 MAHOGANY STREET TOWNS BY HOMES BY AVI
442 Cranford Park SE
Showsuite and Sales Centre Corner of 52nd Street and Auburn Meadows Dr. SE
09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING 232 Quarry Park Blvd. SE
103 Auburn Meadows Dr.
15233 1 Street Southeast midcitymidnapore.ca
13 Marine Dr SE
15207 1st SE themorello.ca
10 CANOE BY AVI URBAN
302 Cranston Road SE
23 LEGACY PARK BY BRAD REMINGTON HOMES Register at: mylegacypark.ca
24 JACKSON BY AVI URBAN
Coming soon to Walden
25 RIVERSTONE MOSAIC BY BROOKFIELD RESIDENTIAL 98 Cranbrook Dr. SE
$100’s
CONDOS FROM THE MID
www.copperfieldpark.com 403.723.0094 SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 15
Property Profile | THE GATES
The Gates in Quarry Park offers luxury and convenience By Heather Ryan
AN EXCEPTIONAL 32-SUITE
boutique project located in one of the most inviting communities in southeast Calgary is drawing the attention of discerning buyers who desire luxury and convenience in a tranquil natural setting. Thoughtfully designed with bright interiors, upscale French Heritage architecture and beautiful landscaping, The Gates is a three-storey apartmentstyle condo crafted by Remington Development Corporation in Quarry Park – a community that offers a perfect balance of homes, offices, retail and natural green space all nestled alongside the Bow River, making it an ideal place where people can live, work and play. “What is exciting about The Gates is that the building is complete, so we have immediate possessions available,” 16 YPNEXTHOME.CA
says Adrienne McGarvey, manager of residential marketing. “The building is 55 per cent sold and all of our purchasers to this point have moved in.” Despite being more than half sold, buyers have a good selection of suites to choose from, she says, with one bedrooms plus den at 770 sq. ft., two bedrooms/two bathrooms from 1,020-1,100 sq. ft. and one threebedroom suite at 1,315 sq. ft. Regardless of the size, each floor plan offers functionality and an open concept with high quality interior design and finishes. For example, the well-appointed kitchens feature granite or quartz countertops, stainless steel appliances, pantries, islands with breakfast bar seating, soft-close cabinets and drawers and upgraded lighting. There is also substantial storage and space in each suite –
even the one-bedroom plans can comfortably fit a king-sized bed. Suites on the first two floors have nine-ft. ceilings while third-floor suites have 11-ft. ceilings, ensuring an abundance of over-sized windows to let in plenty of natural light and allow for stunning views of The Gate’s immaculate landscaping that includes a calming recirculating river and waterfall to the south. The suites also come with generous, private balconies – some have two balconies – and main-floor suites have private patios with gates, which give residents immediate access to green space. In addition, every purchase includes a parking stall and storage unit on the main floor or in the heated, underground parkade. “We also have additional parking stalls available for
“Regardless of the size, each floor plan offers functionality and an open concept with high quality interior design and finishes.” purchase to those with a second vehicle, including tandem stalls,” McGarvey says. The building is move-in ready with suites finished in one of three designer-inspired colour palettes suitably named Onyx, Pearl and Amber. “We have suites to suit all tastes,” she adds. Starting at $325,000 plus GST, The Gates is attracting first-time buyers, young families, professionals and empty-nesters who adore the larger suite sizes, the high-end quality and the maintenance-free lifestyle. Residents of The Gates are only a few minutes’ walk to The Market in Quarry Park that serves as a central plaza, which offers a variety of shops, services, restaurants and a Co-op grocery store. Plus, residents can enjoy more than 80 acres of parkland, including a 50acre natural area alongside the Bow River, pathways that provide access to the river and Carburn Park and a new YMCA with library that is scheduled to open in fall 2016, as well as a child development centre. As an added benefit, Quarry Park is just minutes away from major routes for an easy commute. A Bus Rapid Transit line connects to downtown with numerous other bus routes connecting to Anderson and Chinook LRT stations. It’s also just minutes from the new South Calgary hospital. A future LRT station is also slated for Quarry Park. For more information about The Gates, or to view the showsuite, call 403.930.6900 for an appointment, or visit remingtoncorp.com/residential. SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 17
Advice | CONTEMPLATING CONDOMINIUMS
CMHC mortgage insurance—most need it By Linda Palfi
WHILE MOST HOME BUYERS
know about the Canada Mortgage and Housing Corporation (CMHC) mortgage insurance, many condo buyers and owners are not aware that CMHC plays a larger role in condominium than in single-family housing. CMHC is a federal Crown corporation mandated to assist Canadians to become homeowners. It does that, in part, by protecting lenders with insurance on mortgages. If a homebuyer has 20 per cent of the purchase price in cash, lenders do not require CMHC insurance (a “conventional mortgage”). If the buyer has less than 20 per cent down, lenders require the homebuyer to purchase CMHC mortgage insurance.
Lenders will then loan up to 95 per cent of the purchase price. In short, this system costs homebuyers money, but it makes home ownership possible for buyers only needing to save up five per cent of the purchase price. Condominium buyers need to know that CMHC will not insure mortgages in some condo communities. And in a few cases where the agency will insure mortgages today, it may not in future. Therein lie some important implications for condominium buyers and current owners. Any major threat to the value of condo homes within a given development could cause CMHC staff to remove eligibility for the corporation’s mortgage insurance, so
CMHC insurability is very important to the market value of your investment, even if you yourself didn’t need it. Issues to watch for include anything that can cost a lot of money, or the simple fact that a condominium corporation has no reserve fund study and no reserve fund money in the bank to pay capital expenses when they arise. If you already own a condo, you want to ensure that the reserve fund is growing, and that maintenance issues are addressed as they arise. These efforts will preserve your home, but will also ensure that you can easily sell at a good market price to buyers who will need a CMHC-insured mortgage; even if you didn’t. The number of condo developments in Alberta that do not qualify for CMHC mortgage insurance appears to be on the decline. The Condominium Property Act is setting a higher standard, which most condominium boards are striving to reach. All in all, condo corporations in Calgary, Edmonton and smaller centres are well run, properly funded through their condo fees, and are building reserves to cover those future major expenses. Still, better safe than sorry. If you’re shopping condos, ask, or let your condo-specialist realtor protect you by avoiding all non-CMHC-insurable condo developments. And if you’re already an owner, lead or support your board to spend appropriately to maintain a healthy reserve fund and a high standard of maintenance.
Linda Palfi is a condominium-specialist realtor with Discover Real Estate. She is the chair of her condo board, and a member of the professional standards committee of the Calgary Real Estate Board. Visit CondosInCalgary.com or call 403.998.7732
18 YPNEXTHOME.CA
ZenC
CRANSTON DR
CR A N STON
SETON BLVD DEERFOOT TRAIL
CRANARCH RD
CRANSTON AVE
CRANSTON DR
CRANFORD PARK
ZenCranston CG201500903.indd 1
2/9/15 21:28:46
PROFILE OF THE CANADIAN FIRST TIME HOME BUYER
Roughly 620,000 real estate transactions occur
In total, 46% of national FTHB are purchasing single-
across Canada every year and, most recently, 45%
family homes followed by condos (21%), duplexes
have involved purchases by first time home buyers
and row homes (14% each), and other types of
(FTHB).* Of these transactions, just over 15% have
properties (4%).
recently occurred in Alberta, where provincially first time home purchases have recently represented
Looking ahead, only 14% of the FTHB surveyed
53% of all transactions.
felt concerned about their recent purchase given the possibility of higher mortgage rates in the
The strong presence of FTHB in Alberta is likely
future, with a near equal 16% reporting higher than
because nearly 60% of these buyers are between
moderate concern over their own job security or the
24 and 35 years old, which has represented close
state of Canada’s economy and housing markets.**
to 60% of all net migrants arriving to the province in
Assuming this opinion holds, FTHB in Alberta should
recent years.
continue to represent a strong force within its market in the near term given short-run expectations of
Aside from a desire to own instead of rent (50% of
positive net migration and a sustained low mortgage
all FTHB), first time home purchasers are currently
environment.
being driven by a general view that housing is a good investment opportunity due to low mortgage
If you are a potential FTHB in Alberta, which
rates (20% of all FTHB). Major life changes, such as
things should you research now to ensure as little
starting a family or getting married, was a relatively
compromise as possible in your first purchase?
strong motivator for FTHB by comparison to other home buyer profiles, but was only indicated by
More on this next time…
12.5% of those surveyed as being a major factor in their decision. Overall, 23% of recent FTHB felt they did not need to make any compromises when finding their perfect property. For those willing to make compromises, proximity to work (26% of all FTHB), the size of the home and/or property (22%) and location (19%)
*”A Profile of Home Buying in Canada,” Canadian Association of Accredited Mortgage Professionals, June 2015. **Represents opinions as of May 2015.
were most often cited as factors they were willing to negotiate. Conversely, only 15% mentioned settling Intelligence House is Edmonton’s newest and most innovative Real Estate Agency with a for a different product typeMarketing than originally desired. focus on strategic market intelligence which includes full research, marketing and sales services to the real estate industry. Intelligence House is Alberta’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real estate industry. 20
From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield
From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield
Advice | CALGARYISM
3 reasons why now is a good time to buy Calgary real estate By Cody Battershill WITH CURRENT ECONOMIC and housing forecasts, many buyers aren’t sure whether now is a good time to make a move in Calgary’s residential real estate market. Actually, there are some definite pros as to why now would be a good time to buy. These include:
interest rates offered by lenders. That means more money stays in your pocket over the long haul due to less interest paid – a favourable situation for any homeowner with a mortgage.
1. Inventory is up Normally, inventory accumulation sits at about 1.5 months. Right now, inventory levels are between two and three months’ supply, giving buyers a greater selection of properties to choose from. Increased inventory also promotes competition among sellers for you as a buyer, which can afford greater latitude in negotiations. You may just get that $10,000 or $15,000 drop in price that you were looking for!
3. Absorption is down In a market with high absorption rates, buyers have to make snap decisions on whether they like a property and want to make an offer. The current low absorption rates in Calgary’s residential sector means you as a buyer have much more time to make decisions without feeling rushed to put in an offer. In a high-absorption rate market, it’s not unusual for a property to have many offers, and that can make it more difficult for you to win in the bidding process with the seller.
2. Interest rates are low Many people are making a move to buy Calgary real estate now simply because of the incredibly low
Alberta is “low risk” According to the Canada Mortgage and Housing Corp. (CMHC), Calgary’s real estate market is
currently categorized as being “low risk.” Compared to that of Toronto, which just joined Winnipeg and Regina as the only “high risk” real estate markets in Canada, Alberta seems to be doing just fine, despite the turmoil its economy and housing market have experienced recently. Alberta’s residential sales activity remains in line with the five- and 10-year averages for the province. That alone should bring at least some comfort to some Albertans who are on the edge of their seats during this bumpy ride of slouching oil prices and federal elections.
M
Side note We should all be reminded that every economy is always in flux. Even though Calgary’s residential market is currently experiencing an economic downturn, real estate prices will recover and long-term confidence in the market should not be lost. Happy house hunting!
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
*L o 22 YPNEXTHOME.CA
Se N lli ow ng ! MONTHLY PAYMENTS FROM $882**
Stylishly affordable. Thoughtfully designed 1, 2 and 3 bedroom condos in the established southeast community of Cranston.
Starting in the 170’s (plus GST). Presentation Centre · 111, 100 Cranfield Common SE
Hours ∙ Mon - Thurs: 2pm - 8pm ∙ Sat - Sun: 12pm - 5pm ∙ ph. 403-475-2181 *Limited time offer. Cannot be combined with any other offer. Subject to change without notice.
**Based on purchase price of $181,500 (incl. GST) with 5% down plus CMHC premiums on a 4 year fixed term at a 3.39% interest rate for 25 years with an 18 month hold. Purchase price and interest rate subject to change without notice.
Advice | LEGAL NOTES
PAYING A FLAT FEE? Make sure it covers:
Your legal fees, and where the money goes
01 Land Titles registration fees: These are calculated according to a formula set by the Government of Alberta, and vary with the value of the property being bought. The Land Titles registration fees are the same, no matter which lawyer the buyer chooses to work with (and, thankfully, there are no land transfer taxes in Alberta, like in British Columbia or Ontario). 02 Disbursements: These may include: file administration and opening costs, photocopying, deliveries and couriers, and faxing. 03 Title insurance, like the Land Titles registration fees, title insurance costs will vary according to the type and value of the property being purchased, and 04 Good and Services Tax
By Catherine Stark
BUYING A HOME comes with lots of questions. What do lawyers do to earn their fees? Plenty! Do you need a lawyer? Yes! There are many “moving parts” in a new condominium purchase. The lawyer’s job is to protect and manage the buyer’s rights and obligations under the purchase and sale contract, and to look after the mortgage lender’s interests, too. In every purchase transaction, the buyer’s lawyer must: » Review the purchase and sale contract to identify and clarify any terms out of the ordinary; » Review the title to the property to ensure any potential problems can be worked out before closing, such as builder’s liens or caveats; » Communicate with the buyers and
their mortgage lender to ensure all parties are “on the same page” and that all funding requirements have been met; » Calculate the figures for closing, including accounting for the deposit, taxes, condo fees and any other relevant numbers, like special assessments or hold backs for property damage; » Prepare the transfer documents required under the contract; » Prepare all of the mortgage lender’s documents; » Ensure the buyer’s and mortgage lender’s rights and obligations have been taken care of, which may involve negotiating with the seller’s lawyer; » Meet with the buyers to explain the process and to have all of the
documents signed; » Ensure the mortgage lender will fund on time for closing; » Prepare the transfer documents for submission to the Land Titles Office; » Prepare the final accounting statements; » Prepare and send the final reporting to the buyers; and » Prepare and send the final reporting to the buyer’s mortgage lender. Buyers’ lawyers have to engage in the same tasks for each purchase, but the fees, expertise and level of service will vary greatly from lawyer to lawyer. Understanding the lawyer’s job, the costs involved, and what is included in those costs will help ease the stress – and up the enjoyment – of a home or condominium purchase.
Catherine Stark, B.A., LL.B., is the owner of Concept Law Group –a Calgary-based boutique real estate firm. Catherine and her team have more than 30 years of legal experience. Email her at cstark@conceptlaw.ca or call 403.517.3333.
24 YPNEXTHOME.CA
FROM THE
$220s
METIS TRAIL
NORTHEAST COMMUNITIES
52 STREET
CALGARY INTERNATIONAL AIRPORT
64 Ave
CENTRE STREET 12 AVENUE
07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP Coming Soon www.arrivehome.ca
13 V&V BY PROVIDENCE GROUP
IVE
IAL DR
R MEMO
Now Open Register: einsteincalgary.com
36 STREET
17 Ave
52 STREET
BLACKFOOT TRAIL
ELBOW DR IVE
104 Redstone View (off Redstone Way)
16 AVENUE
02 43 PARK BY VERICON REAL ESTATE VENTURES
MacLEOD TRAIL
43park.ca
ANDERSON ROAD
DEERF
52 STREET
BARLOW TRAIL
GLENMORE TRAIL
SOUTHLAND DRIVE
114 AVE SE
OOT T RA
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McKE
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SHAWNESSY BLVD.
NEW BRIGHTON
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06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP
13
17 Ave
GLENMORE RESERVOIR
Coming Summer 2015 Register: jayman.com/harana
64 Ave
32 Ave
03 04 MEMO 02 01 RIAL D RIVE
Coming Soon bridgelandcrossings.com
05 HARANA TOWNHOMES BY JAYMAN MODUS
80 Ave
MCKNIGHT BLVD.
16 AVENUE
01 BRIDGELAND CROSSINGS BY APEX CITY HOMES
Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com
84 STREET
14 STREET
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04 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN.
68 STREET
CRI J OW OHN CH L ILD AUR IE TR BLV AIL D
Sales Centre #701, 7th Ave. NE livelifft.com
SADDLETREE DR.
FA L RID CON GE
NOSE HILL PARK
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05 128 NE Ave
COUNTRY HILLS BLVD.
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STONEY TRAIL 06 07
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ABURN BAY
SEARCH ONLINE ypnexthome.ca
SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 27
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AWARDS OF EXCELLENCE IN HOUSING
FINALISTS ANNOUNCED The Canadian Home Builders’ Association – Alberta is pleased to announce the 75 finalists for the 2015 Awards of Excellence in Housing presented by RBC Royal Bank. More than 400 entries were submitted for judging by over 140 industry members. Winners in the 25 individual categories plus three prestigious Builder of the Year Awards will be announced September 18 at BUILD 2015 in Jasper. “This year we have finalists from all six of the local home builder associations from across the province. That demonstrates the tremendous pride our builders, renovators and developers take in their work. Our Members are competing to be named Alberta’s best in a range of categories that reflect the options available in today’s marketplace. The single family home award categories start with homes priced at under $250,000 without lot or GST and go up to beautiful estate homes selling for more than $1.5 million. Other sectors of the housing market are well represented with awards for the best multi-family, green home, community developments and renovations,” said Tally Hutchinson, President, CHBA – Alberta. The Calgary Region leads this year’s competition with 34 finalists, followed by Edmonton Region with 29, Lethbridge with 8, two for Central Alberta and one each for Grande Prairie and Medicine Hat. The highlight of the evening is the announcement of the Builder of the Year Awards for the best overall scores in the competition. CHBA – Alberta will present awards to the top multi-family, small-volume and the Ralph Scurfield Award to the large-volume builder. The finalists and winners will be at the awards ceremony. “Alberta builders are always looking for new and innovative ways to satisfy consumer demand for attractive homes that suit their individual lifestyles and budgets. This year’s award finalists are wonderful examples of the projects produced by the province’s highly competitive residential construction industry. Whether you are looking to buy or renovate a home, you will find lots of great choices by starting with a visit to the show homes and websites of this year’s finalists,” said Jim Rivait, CEO, CHBA – Alberta. CHBA – Alberta is also thrilled to announce the finalists for the Safety Leadership Awards. Nine companies are finalists for the awards sponsored by ATCO Gas. The awards will also be presented at BUILD 2015, CHBA – Alberta’s annual conference.
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SINGLE FAMILY UNDER $250,000 SPONSORED BY CANADA MORTGAGE & HOUSING CORPORATION Avonlea Homes | Lethbridge | Bristol Falcon Homes | Central Alberta | Solaris UrbanAge Homes | Edmonton | Switch14
SINGLE FAMILY $250,000 - $280,000 SPONSORED BY BLANKET HOME WARRANTY
Ashcroft Master Builder | Lethbridge | Carlos Brookfield Residential | Edmonton | Brighton UrbanAge Homes | Edmonton | R18-Modern
URBANAGE HOMES
SINGLE FAMILY $280,000 - $310,000 SPONSORED BY ROBINSON LIGHTING & BATH CENTRE
Ashcroft Master Builder | Lethbridge | Emmett II Ashcroft Master Builder | Lethbridge | Storrow IV Unique Home Concepts | Grand Prairie | Jade
SINGLE FAMILY $310,000 - $340,000 SPONSORED BY HUNTWOOD CUSTOM CABINETS
Morrison Homes | Calgary | Private Residence NewRock Developments | Medicine Hat | Titanium White Eagle Homes | Edmonton | Ruby
SINGLE FAMILY $340,000 - $380,000 SPONSORED BY EMPIRE DRYWALL MORRISON HOMES
Cedar Ridge Quality Homes | Lethbridge | Glacier Rohit Group of Companies | Edmonton | Kolkata Stepper Custom Homes | Calgary | Conrad
SINGLE FAMILY $380,000 - $425,000 SPONSORED BY APRILAIRE
Avonlea Homes | Lethbridge | Sawyer Douglas Homes | Calgary | Kenya 2 San Rufo Homes | Edmonton | Nicholas III
SINGLE FAMILY $425,000 - $475,000 SPONSORED BY CALGARY HERALD & EDMONTON JOURNAL
Ashcroft Master Builder | Lethbridge | Koch San Rufo Homes | Edmonton | Nicholas II Stepper Custom Homes | Calgary | Bowen
ASHCROFT MASTER BUILDER
SINGLE FAMILY $475,000 - $525,000 SPONSORED BY MASCO CANADA
Alair Homes | Edmonton | Parkview Crystal Creek Homes | Calgary | Cameron White Eagle Homes | Edmonton | Emilia
SINGLE FAMILY $525,000 - $600,000 SPONSORED BY AVIVA CANADA/NATIONAL HOME WARRANTY GROUP
Ashton Luxury Living | Calgary | Sandalwood Perry Signature Homes | Edmonton | Vision WestView Builders | Calgary | Augusta-Montreux Cove
ESTATE HOME $600,000 - $800,000 SPONSORED BY PROFORM CONTRUCTION PRODUCTS & HARRISTONE
WHITE EAGLE HOMES
Albi Homes | Calgary | Wellington 5 Brad-Mar Homes | Calgary | Private Residence Perry Signature Homes | Edmonton | Cypress
M
ESTATE HOME $800,000 - $1,000,000
SPONSORED BY CAN-CELL INDUSTRIES
Morrison Homes | Calgary | Private Residence Perry Signature Homes | Edmonton | Belleview Vicky's Homes | Edmonton | Brooke II
ESTATE HOME $1,000,000 - $1,500,000
SPONSORED BY YP NEXTHOME
Augusta Fine Homes | Calgary | Private Residence Brad-Mar Homes | Calgary | Private Residence Pavone Homes | Edmonton | Christina
ESTATE HOME OVER $1,500,000
SPONSORED BY WEISER PFISTER
BRAD-MAR HOMES
Mason Martin Homes | Central Alberta | Jarvis Bay Windsor Brunello | Calgary | Lyalta Estate Wolf Custom Homes | Calgary | Creekstone
MULTI - FAMILY APARTMENT UNDER $350,000
SPONSORED BY FIRSTSERVICE RESIDENTIAL
Avi Urban, Homes by Avi Group of Companies | Calgary | Sawyer StreetSide Developments | Edmonton | Durham StreetSide Developments | Edmonton | Fairbanks
MULTI - FAMILY DUPLEX UNDER $350,000
SPONSORED BY GRANT THORNTON
Jaya Homes | Edmonton | Summit IV-North Rohit Group of Companies | Edmonton | Maddox Sterling Homes | Edmonton | Sahara
STREETSIDE DEVELOPMMENTS
MULTI - FAMILY DUPLEX $350,000-$500,000
SPONSORED BY KAYCAN
Broadview Homes | Calgary | Elliston Jayman BUILT | Edmonton | Meridian L ReidBuilt Homes | Calgary | Montgomery
MULTI - FAMILY TOWNHOME UNDER $350,000
SPONSORED BY LENNOX
Homes by Avi | Calgary | Lance Homes by Avi | Edmonton | Victor Rohit Group of Companies | Edmonton | Carlton
MULTI - FAMILY TOWNHOME $350,000-$500,000
SPONSORED BY BRIDGEWATER BANK
ROHIT GROUP OF COMPANIES
Avi Urban, Homes by Avi Group of Companies | Calgary | Carmine Rohit Group of Companies | Edmonton | Maddox StreetSide Developments | Edmonton | Alpine
MULTI - FAMILY LUXURY OVER $500,000
SPONSORED BY NATURAL STONE VENEERS INTERNATIONAL
Albi Homes | Calgary | Villa 6 Albi Homes | Calgary | Villa 11 Empire Custom Homes | Calgary | Show Suite
MULTI - FAMILY PROJECT
SPONSORED BY ICON FLOORING
Avi Urban, Homes by Avi Group of Companies | Calgary | The Block Brookfield Residential | Calgary | Mosaic Riverstone Tapestry Developments | Edmonton | Larch Park
AVI URBAN
*Note: Prices for Single Family & Estate Categories do not include land or GST
COMMUNITY DEVELOPMENT SPONSORED BY CHRISTENSON GROUP OF COMPANIES
Alldritt Land Corporation | Edmonton | Granville Heritage Pointe Properties | Calgary | Artesia Macdonald Development Corporation | Calgary | Watermark at Bearspaw
GREEN HOME
SPONSORED BY BUILT GREEN CANADA Effect Home Builders | Edmonton | Private Residence Greener Homes | Lethbridge | Abba Rock Habitat Studio | Edmonton | Flex
HABITAT STUDIO
RENOVATION UNDER $200,000 SPONSORED BY ALBERTA HARDWOOD FLOORING
Albi Renova | Calgary | Elbow River Renovation Albi Renova | Calgary | Hamptons Ensuite Ultimate Renovations | Calgary | Evergreen Kitchen/Great Room
RENOVATION $200,000-$500,000 SPONSORED BY JELD-WEN WINDOWS & DOORS
Brad-Mar Homes | Calgary | Private Residence Empire Custom Homes | Calgary | Elbow Park Three Ultimate Renovations | Calgary | Mayfair Ensuite Addition
RENOVATION OVER $500,000 SPONSORED BY CARRIER ENTERPRISE CANADA
ALBI RENOVA
Alair Homes | Edmonton | Chrenek Acres Alair Homes | Calgary | Private Residence Empire Custom Homes | Calgary | Elbow Park One
SAFETY LEADERSHIP AWARDS SPONSORED BY ATCO GAS
LARGE EMPLOYER GENERAL MEMBER A & B Concrete Pumping | Edmonton Bruin's Plumbing & Heating | Central Alberta Giusti Group | Calgary
SMALL EMPLOYER BUILDER MEMBER Averton Homes | Edmonton Broadview Homes | Calgary Morrison Homes | Edmonton
LARGE EMPLOYER BUILDER MEMBER EMPIRE CUSTOM HOMES
Avonlea Homes | Lethbridge Brookfield Residential | Alberta Galko Homes | Lethbridge
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The Canadian Home Builders' Association - Alberta (CHBA - Alberta) is the voice of the residential construction industry in the province. It represents over 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services.
ARRIVE TO THE FINAL PHASE
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CALGARY’S SATELLITE COMMUNITIES 22
AIRDRIE 04
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02 03 01 COCHRANE 08 21
20 SUNSET BY JAYMAN INNOVATIONS
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21 THE WHITNEY BY LANDMARK HOMES
10 12 15
13 14
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24 Sunset Rd. Cochrane, Alberta
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211 & 215 Fireside Parkway Cochrane, AB
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AIRDRIE 09 CREEKSIDE VILLAGE STRATHMORE BY CARLISLE GROUP
1
2105 403 MacKenzie Way SW Airdrie, Alberta
CALGARY
1www.creeksidevillagecondos.ca CHESTERMERE
10 STONEKEEP AT KING’S HEIGHTS TOWNHOMES BY MERGE DEVELOPMENTS
797 LANGDON
1225 King’s Heights Way SE Airdrie, Alberta
22X
22X
11 THE EDGE BY STREETSIDE DEVELOPMENTS BLACK DIAMOND
22X
17
604 East Lake Blvd N.E. Airdrie, Alberta
2
12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST
OKOTOKS
2802 Kings Heights Gate
546
TURNER VALLEY
13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS
2A
543 22
Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com
HIGH RIVER
COCHRANE 01 TOWNHOMES AT JUMPING POUND RIDGE BY SLOKKER CANADA WEST Sales Centre on George Fox Trail just past Jumping Pound Terrace www.slokker-west.ca
02 HEARTLAND TOWNHOMES BY EXCEL HOMES
03 THE RISE BY JAYMAN MODUS 501 Riverheights Dr. Cochrane, AB
04 SUNSET RIDGE STREET TOWNS BY HOMES BY AVI 36 Sun Valley Road Cochrane, Alberta
05 STONECREEK LANDING BY CARLISLE GROUP
137 Heartland Way, Cochrane, Alberta
625 Glenbow, Cochrane, Alberta www.stonecreekcondos.ca
MOVE UP AND
MOVE OUT
WITH EASE NOW YOU CAN MOVE UP TO A NEW SIGNATURE COLLECTION EXCEL HOME.
06 THE VILLAGE BY CALBRIDGE HOMES 3102-15 Sunset Square Cochrane, Alberta
14 HILLCREST TOWNHOMES BY EXCEL HOMES LETHBRIDGE 101 Hillcrest Dr. SW Airdrie
07 RIVERREACH VILLAS & MANORS BY JAYMAN MASTERBUILT
15 ZEN RAVENSWOOD BY AVALON MASTERBUILDER
08 THE RANGE BY BIRCHWOOD PROPERTIES CORP.
17 ZEN OKOTOKS BY AVALON MASTERBUILDER
13 Riviera Way Cochrane, Alberta
101 Heartland Avenue Cochrane, Alberta
Front Drive Homes in Sunset Ridge
FROM THE
Coming Soon Register: www.zenravenswood.com
www.zeninbalance.com
470s
$
includes lot and GST
*On selected lots only. Prices and availability are subject to change without notice. See your Area Manager for details.
Front Drive Homes in Heartland
FROM THE
450s
$
includes lot and GST
excelhomes.ca See Map
3 2
8 14
*On selected lots only. Prices and availability are subject to change without notice. See your Area Manager for details.
SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 35
Trending
Luxury home sales up
A healthy inventory brings balance to Calgary’s luxury home market SALES OF HOMES PRICED OVER
$1 million were up year-over-year in Canada’s largest markets in the first seven months of 2015, with the exception of Calgary, where sales in the $1-million range decreased 28 per cent over the same period in 2014. This healthy 2.3 to 2.5 months’ supply of inventory in the $1-millionplus range has brought a more balanced market to the city. “What we’re seeing in Calgary is that luxury buyers are not witnessing a notable decrease in prices, but there is less pressure and stress for buyers during the negotiation process,” says Elton Ash, regional executive vicepresident, Re/Max of Western Canada. “We’re seeing that normal conditions like home inspection and financing, which were rarer when buyers were frequently in competing offer
situations, have become part of the normal negotiation process again.” In Toronto and Vancouver, Canada’s two largest luxury markets, sales of homes priced $3 million and up, saw impressive gains, up by 119 per cent and 79 per cent respectively, between January 1 and July 31. The increase of sales at the top-end of the luxury market can be attributed to two factors: overall price appreciation driven by low inventory and high demand for single-family homes; and high demand for luxury homes from foreign buyers. Re/Max brokers and agents reported that foreign buyers have
continued to drive demand in the Toronto and Vancouver luxury markets in the first half of 2015. These buyers, primarily from China, are typically families with children who are relocating to Canada to live.
MORE TRENDING ONLINE ypnexthome.ca/news
SIZE matters.
With almost 1700 sq ft, Brookside townhomes are shockingly big. You get massive floorplans, private fenced yards, double garages and more room to grow - a lot more room. For details, head west on Yankee Valley Blvd to 24th Street in Airdrie or visit brooksideatbaysprings.com
SHOWHOMES
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Own a townhome with an attached garage from the $230s. For details visit stonekeep.ca 36 YPNEXTHOME.CA
Property Profile | THE RISE
Jayman Modus has good things on
the Rise in Riversong By Heather Ryan GOOD THINGS ARE ON THE RISE IN RIVERSONG
in Cochrane with the addition of an exclusive group of fabulous new townhomes where buyers can leave the hectic pace of the city behind and soak in tranquil natural setting and the charm of small town living. Crafted by Jayman Modus, Rise is located in Riversong, a master-planned community that is nestled along a heavily treed escarpment with the Bow River and an abundance of green space at the doorstep, just minutes from shops, services and more in Cochrane. “Much more than just a place to rest your head, Rise of Riversong delivers a small town feel right next to the big city,” says area sales manager Tyler Scott. “Just a glance through your window you can enjoy some of the most beautiful views (of the escarpment, the Rockies, Bow River and the town of Cochrane) to ever grace this pristine landscape.
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LIFE HAPPENS ON THE INSIDE. So you’re looking for a condo or townhome that fits your life. Take a moment to think about this. Jayman has been building homes for 35 years and within this, for nearly 15 years we have proudly built over 1700 multi-family homes for purchasers to enjoy. Modus offers more choice with the largest combination of interior options, amenities, models, building styles, communities, price points and services. With choices like this your new home is really only limited by your imagination.
W I T H M O D U S YO U G E T. . .
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a solid and thoughtfully designed product based on 35 plus years of industry experience.
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the best in industry interest rates. 2%* THROUGH JAYMAN FINANCIAL
■■■
into your home easier with our DOWN PAYMENT SAVINGS PROGRAM.
■■■
an improved QUALITY OF LIVING with included amenities like gyms, courtyards, parks, party rooms and more.
■■■
a smooth transition with our complimentary MOVING VAN.
■■■
help selling your home for the best possible market value. FREE LISTING (value up to $8000) Expires October 18
■■■
one year jayman service warranty.
■■■
to save money on LEGAL FEES AND DISBURSEMENTS.
HAVE A HOME
TO SELLG?
IN FREE LISTRE ALTY
AN THROUGH JAYM 000 VALUE) (UP TO AN $8
R 18 2015
EXPIRES OCTOBE
* SUBJECT TO CHANGE. CONDITIONS APPLY.
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Mod
a true community experience Join Modus as we show you our world and interact with yours. Through fun contests, silly videos, unique ideas, community initiatives and our product showcases we genuinely would like your feedback, insight and participation. Feel free to ask us questions and tell us what you’d like to see from a homebuilder. While we are the builder you are ultimately the inspiration for what we do. So feel free to “like” us and dive right in. We’re looking forward to hearing from you!
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Get social with us: facebook.com/jaymanmodus
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MOVE IN EARLY 2016
2 & 3 bedroom townhomes with heated garage A LITTLE OLD WORLD STYLE WITH A 15,000 SQ FT CENTRAL GREEN SPACE AMENITY WITH FIRE PIT, TOT LOT, AND BENCHES... 2 bedroom from $319’s
(INC GST)
| from $1374/month
3 bedroom from $350’s
(INC GST)
| from $1528/month
• 1195 sq ft - 1725 sq ft • Ultimate of living with front and rear balconies on select homes • Single, tandem and double car garage • 6 NEW floor plans • 9’ ceiling • Stainless steel appliances • Washer & Dryer in laundry centre • 3 new interior color design palette choices • Laminate flooring • Air conditioning • Hardwood flooring • Ceramic tile flooring plus much more available options
60 Nolan Hill Blvd NW 60 Nolan Hill Blvd NW jayman.com/trinity jayman.com/carnaby
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MOVE IN NOW 3 NEW SHOWHOMES OPEN 2 & 3 bedroom townhomes with single, tandem and double car garage AND NOW FOR SOMETHING DIFFERENT 2 bedroom from $330’s
(INC GST)
| from $1371/month
3 bedroom from $360’s
(INC GST)
| from $1520/month
• 1200 sq ft – 1698 sq ft • 9’ ceilings on main floor • Single, tandem and double heated garage • Flex room on select homes • Stainless steel appliances • Laminate and ceramic tile flooring • Granite countertops • AC RI • Upper level laundry with washer & dryer
47 EvansRidge Court NW jayman.com/avira
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MOVE IN
ON 6 L LY EF T
NOW
C O
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THE ULTIMATE IN CHOICE ALL WITHIN 4 storey building with state of the art fitness gym and heated underground parking 2 bedroom from $230’s
(INC GST)
| from $975/month
• 622 sq ft - 982 sq ft • Stainless steel appliances • Engineered laminate flooring • Ceramic tile flooring • Granite countertops • Air conditioning • Premium features on select suites: Maple cabinets, quartz waterfall countertops, shag carpeting, full height glass tile kitchen backsplash
Corner of Mahogany Blvd SE and Mahogany Way SE jayman.com/ebony
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MOVE IN NOW
OVER
80% OUT
SOLD A FOUR SEASON LAKE COMMUNITY
2 & 3 bedroom townhomes with tandem & double heated garage, a beautiful courtyard with water feature and tot lot 2 bedroom from $340’s
(INC GST)
| from $1423/month
3 bedroom from $360’s
(INC GST)
| from $1510/month
• 5 floor plans • 1170 sq ft – 1649 sq ft • Open Concept with 9’ ceiling • Oversized kitchens and islands • Flex room • Upper level study area • Upper level laundry centre PREMIUM SPECIFICATIONS • Laminate & ceramic tile flooring • Granite countertops • Stainless steel appliances • Air conditioning
291 Mahogany Way SE jayman.com/ebony
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AT HOME, AWAY FROM HOME. Moving into a community or considering a move into a new community can be a challenge. It can be difficult to reorient yourself and find all of the things and places that provide comfort. So at Modus we’ve developed a simple solution. A mobile amenities application that allows you to find what you want, complete with phone number and GPS locator to take you straight there. So enter one of the community URLs or download our Modus Matrix app on your Android phone or iPhone and scan this page to give it a try!
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DOWNLOA D MODUS MATRIX APP & SCAN THIS PAGE Modus_Sun_Booklet September issue.indd 8
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MOVE IN
BUILDING 1 90% SOLD OUT BUILDING 2 65% SOLD OUT BUILDING 3 RELEASED
NOW 2 NEW SHOWHOMES
INNER CITY LIVING IN CURRIE BARRACKS 3 Building ~ 4 floors ~ Executive single level living 1- 3+ bedroom Residence and Penthouse Condos 870 sq ft to 2543 sq ft
from $449’s - $2m+ SPECIFICATIONS SET TO THE HIGHEST STANDARD EMBODY OUR COMMITMENT TO QUALITY • Airy 10’ ceiling heights • Quartz waterfall countertops • Engineered 5” wide solid hardwood flooring • Tile flooring • KitchenAid stainless steel high end appliances • KitchenAid stainless steel chimney range hood fan • Maytag front load washer and dryer • Painted ceiling • His n her sinks • Air conditioning • Oversized decks • Underground heated garage • Condominium Association Member - maintenance free lock and leave lifestyle
#101 11 Burma Star Road SE jayman.com/overture
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MOVE IN NOW
ON SELECT HOMES
2 & 3 bedroom townhomes with heated garage WHILE THE VIEW WILL TAKE YOUR BREATH AWAY THE PRICE LETS YOU BREATH EASIER 2 bedroom from $307’s
(INC GST)
| from $1272/month
3 bedroom from $340’s
(INC GST)
| from $1427/month
• 3 storey; 5 NEW models 1267 sq ft – 1593 sq ft • CHOOSE interior color selections (on select homes) • Single and tandem heated garage • 9’ ceilings • Open Concept • Den/flex space on entry level • Oversized kitchen/dining areas • Stainless steel appliances • Upper level laundry centre with washer & dryer • Air conditioning, caesarstone countertops, laminate and ceramic tile flooring available • Private community BBQ/Fire pit area and garden
501 River Heights Drive, Riversong Cochrane jayman.com/rise
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2 & 3 bedroom townhomes with garage YOU SPOKE. WE’VE LISTENED. A COMMUNITY DESIGNED FOR YOU, BY YOU.
Opening 2016
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9 AM
PRE-REGISTER for Grand Opening Event jayman.com/harana Redstone NE Modus_Sun_Booklet September issue.indd 11
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The name Modus stands for how we do things. In the past 35 years we have learned that to improve the quality of our customers’ lives it’s important that we build around their lifestyles and not the other way around. This is how we do things. We are there for you through the entire process and have the experience and connections that no other multi family builder has. This ensures the smoothest transition possible during your home buying experience.
It’s just what we do.
Sales Centre Hours: Mon to Thu 2 - 8 pm S a t / S u n 12 - 5 p m
j ay m a n . c o m / m o d u s / j ay m a n m o d u s
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“Enjoy the comfort and imagine the lifestyle options that comes with owning a Modus townhome in the middle of it all,” he adds. “Homeowners can hike, fish and shop just moments from their front door and then after a long day of living, come back to enjoy the comfort that comes with owning a Modus townhome.” Scott notes the biggest appeal to Riversong is the lifestyle. Buyers love the peaceful natural beauty and laid-back lifestyle. “Rise Townhomes encompasses ‘360-degrees’ of living where buyers can expect more with added amenities like a private community fire pit and barbecue area and a community garden.” Rise of Riversong is comprised of just 38 three-storey townhomes offering two- and three-bedroom layouts with heated, attached garage (either single or tandem), panoramic views and an inviting maintenance-free lifestyle that includes snow removal, lawn, shrub and tree care and more. Specifically tailored for Rise are five new designs to choose from ranging in size from 1,267 to 1,593 sq. ft. with twobedrooms starting from $307,900 or
“Homeowners can hike, fish and shop just moments from their front door and then after a long day of living, come back to enjoy the comfort that comes with owning a Modus townhome.”
$1,272 per month and three-bedrooms starting from $357,250 or $1,476 per month. All prices include the GST. “Each townhome is built around our customers’ lifestyle with open concept designs, tandem garages, flex spaces, oversized kitchen/dining area and upper floor laundry,” Scott says. “The homes’ contemporary exteriors were artfully crafted to tie in with the Cochrane slogan: ‘How the west is now,’ while inside, customers are falling in love with the warm, welcoming feel and modern style.” Buyers also appreciate the beautiful interiors that include nine-ft. ceilings, a stainless steel appliance package, Whirlpool washer and dryer and being able to personalize their homes by choosing from three interior colour palettes. There are also several available options such as under cabinet lighting, Caesarstone countertops, laminate or hardwood flooring, ceramic tile, air conditioning, gas range and more. Buyers in Rise can enjoy a dog park that is minutes away, 100 acres of natural green space and pathways, two playgrounds, schools and living in a safe family community. Riversong’s convenient location is an easy 20-minute drive to Calgary’s west side or the mountains, and just minutes to downtown Cochrane, where residents can enjoy an array of shops, restaurants and services. With the dynamic views, location and features, Rise is garnering interest from young couples and families to downsizers, and buyers have the opportunity to move in now on select homes.
For more information on Rise of Riversong, visit the two new showhomes at 501 River Heights Dr. in Riversong in Cochrane, open Monday to Thursday, 2-8 p.m., and weekends and holidays, noon-5 p.m., or check out www.jayman.com/rise. Have a home to sell? Take advantage of a special offer of free listing through Jayman Realty (up to an $8,000 value), which expires Oct. 18. SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 39
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INNER CITY 12 KENSINGTON BY BUCCI 301 10th St. NW
RILEY PARK
24
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SUNNYSIDE 20 STATION
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13 FIRST BY FRAM + SLOKKER
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19 CONVENTION CENTRE
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COLONEL BELCHER HOSPITAL MOUNT ROYAL VILLAGE
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01 RIVERFRONT POINTE BY CARLISLE GROUP 325 3rd St. SW www.riverfrontpointe.ca
02 PARK POINT BY QUALEX-LANDMARK Coming Soon Register now at Qualex.ca/ ParkPoint
03 43 PARK BY VERICON REAL ESTATE VENTURES 43park.ca
04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.
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FORT CALGARY
CITY HALL
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Sales Centre Now Open in East Village
CALGARY EXIBITION AND STAMPEDE PARK
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Register: einsteincalgary.com
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10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca
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22 ALEX BY ASSURED COMMUNITIES
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23 MISSION 34 BY ASSURED COMMUNITIES
98 Mission Road SW mission34.ca
24 RADIUS BY BUCCI DEVELOPMENTS Coming soon to Bridgeland www.bucci.com/radius
25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE
26 THE ROYAL BY EMBASSY BOSA 936 16TH Ave. SW www.theroyallife.ca
1640 17A St.
SEARCH ONLINE ypnexthome.ca
SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 43
Property Profile | EZRA
Birchwood offers luxury living with
Ezra on Riley Park in Kensington By Heather Ryan
NESTLED ON THE EDGE OF RILEY PARK
in one of the city’s most vibrant and desirable communities, buyers are quickly discovering an exceptional collection of upscale townhomes and apartment-style condos defined by sophisticated, urban architecture and luxury. Ezra on Riley Park is the newest offering by Birchwood Properties in Kensington featuring two, eight-storey towers with two-storey townhomes on the first two levels, apartment-style condos on levels three to six, and two floors of magnificent penthouses. Birchwood launched sales of the first tower in April and it’s already drawing buyers who love the location, the luxury interiors and the park setting. “The response has been excellent and we’re getting very high traffic through our presentation centre,” 44 YPNEXTHOME.CA
says Birchwood’s sales and marketing manager Adele Kerr. “Sales are going well (they’ve already sold out the three-bedroom suites) and we anticipate construction to start next month, with possessions in spring 2017. “People love the location; there is really no other like it in Calgary,” says Kerr, noting that Ezra is on historic Riley Park, so your backyard is 20 acres of lush green space – that you never have to maintain – home to towering trees, manicured gardens, a playground, wading pool and cricket pitch. “Ezra is also conveniently located between 10th and 14th Street, so you’re only a five-minute walk to the heart of Kensington where there is a wide variety of shops, restaurants, professional services, the LRT and Safeway,” Kerr says. “Ezra is adjacent
“People really love the location; there is really no other like it in Calgary.” to the Hillhurst Community Centre that hosts farmers’ markets and other events and residents, plus being only a 20-minute walk or short drive across the river to downtown – Kensington really has everything you want and need all within walking distance.” Located away from Kensington’s busy hub means buyers can enjoy a quiet atmosphere. “We are seeing
a number of empty-nesters and downsizers from surrounding communities who want the peaceful park setting, and are looking for something more high-end than the typical condos. Ezra is attracting professionals – singles and couples – and young families, who want to live in a vibrant, well-established community with all the established amenities.” Ezra’s appeal starts with the stunning exterior, which presents floor-to-ceiling glass windows and glass wrap-around balconies creating a dynamic streetscape.
The interiors are equally exquisite with hardwood floors, nine-ft. ceilings (in the apartment-style suites), quartz countertops throughout, high-end Fisher and Paykel stainless steel appliances, under-cabinet lighting and glass tile backsplash in the kitchen, Grohe fixtures, in-suite laundry and large profile ceramic tile floors in the bathrooms. There are also three designer colour palettes to choose from, so buyers can personalize their space. With a variety of floorplans available with one-bedrooms ranging from 466-590 sq. ft. and two-bedrooms
from 747-1,496 sq. ft., there are four penthouses all 3,000-plus sq. ft. with terraces as large as 5,000 sq. ft. offering views of the park, city skyline and/or mountains. Buyers of penthouse suites can also totally customize their residences. The townhomes showcase the same incredible interior features and offer two- or three-bedroom layouts with upstairs laundry and a flex room depending on the residence. The townhomes range from 1,1001,681 sq. ft. with some walking out to the park. Prices for residences in Ezra start from the $319,000s for one bedrooms and range upwards of $3 million for the penthouses. With an exceptional location, inspiring interiors designed to impress and outstanding architecture and views, “Ezra on Riley Park is the pinnacle of park life in Calgary,” Kerr says. To learn more about Ezra on Riley Park, visit the sales centre at #5, 1145 Kensington Crescent N.W., open Monday to Thursday, noon-7 p.m., and weekends and holidays, noon-5 p.m., call 403.561.1911 or visit birchwoodproperties.ca. SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 45
Advice | CONDO SENSE
Why condos are for the 50-plus crowd By Marlene Eisner THINK NEW CONDOS ARE ONLY FOR
young first-time homebuyers or investors? Well, think again. A 2012 Canada Mortgage and Housing Corp. (CMHC) study revealed in its 2006 census housing survey that while 17 per cent of condominium owners in Canada were under the age of 35, a whopping 30 per cent were 65 or older. This news is not really surprising considering many in this demographic have downsized from a large home to take advantage of the maintenancefree living of condo life. But why wait until 65? With so many new projects from which to choose, now is a great time for anyone entering their fifth decade to consider purchasing a
condo. Whether you now own a large home or you are a dedicated renter, here are five reasons why a new condo could be for you: 1. Easier to clean. Many of the units available in new builds are small and compact, between 500 and 600 sq. ft. A smaller space is a snap to clean. 2. Accessibility. This doesn’t just mean elevators. It also means new projects are located in choice neighbourhoods close to transportation, shopping and entertainment. You can have everything you need, right outside your front door.
3. No maintenance. And that’s a blessing. Who wants a lawn to mow or a driveway to shovel? 4. Amenities. Nothing says convenience like a swimming pool, gym, doorman and party room at your disposal. And depending on your budget, the sky’s the limit on how many amenities are in your condo — all of which are available to you regardless of the size of your unit. 5. Affordability. With such a range of price points, a new condo is an affordable option to finally putting down roots and calling a place your own.
Marlene Eisner is an award-winning journalist and editor of New Condo Guide. Marlene has written about real estate and home decor in Montreal. While she is currently renting, she has been a homeowner and has her eye out for something new and condo-ish in Toronto. Email her at Marlene.Eisner@ypnexthome.ca
48 YPNEXTHOME.CA
Advice | HOME DÉCOR
before
Calgary’s home and design show’s Leigh-Anne Allaire Perrault on upcycling For DIYers with furniture ‘needing some love’ By Kathleen Renne
CALGARY’S HOME AND DESIGN
show starts Sept. 17 and will offer up lots of goodies and services from more than 350 companies. Some things visitors can expect are floral workshops, complimentary, one-onone consultations with designers, cooking demos and guests from some of the top names in home and design, including Bryan and Sarah Baeumler of HGTV fame. Colour and design aficionado and DIY doyenne, Leigh-Ann Allaire Perrault, is among the guests gracing the show’s Trail Appliances Main Stage. Perrault, who is also a regular contributor to City TV’s Cityline, is
presenting “The Art of Upcycling,” something she defines as “re-inventing and re-imagining” items in need of some love. “Ultimately, you’re saving a piece that might otherwise go into a landfill. It’s being able to breathe new life into it,” she says. Perrault credits her parents with her early passion for upcycling, recalling times spent at garage sales, flea markets and “curbside shopping.” “They taught me to see the potential in pieces,” Perrault says. “Great design has nothing to do with the size of your budget. It has everything to do with how creative
you can be with the budget you have,” she adds. Upcycling and DIY projects have grown in popularity over the past few years as the economy has fluctuated and how-to information has become increasingly available online. Perrault says Millennials — of which she is one — are also starting to inherit furniture from their parents. “A lot of people have sentimental attachment to their parents’ pieces. They want to introduce them into their homes because they tell a story. By reimagining them in some way, they can work it into their own home design,” Perrault explains, citing an example of …continued on page 54
52 YPNEXTHOME.CA
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“Ultimately, you’re saving a piece that might otherwise go into a landfill. It’s being able to breathe new life into it.” one woman who refurbished a great aunt’s dining-room set to showcase in her home, rather than relegating it to the attic. The upcycling journey begins when you find that special item in need of a little TLC. “You have to remember, it’s going to start out as rough,” Perrault cautions, adding it’s helpful to stretch your imagination to see beyond an item’s original purpose. Consignment boutiques, online sites for used goods, garage sales and second-hand stores, such as Habitat for Humanity’s ReStore, are all places to seek out those objects ripe with unrealized potential. Another spot Perrault cites as a potential treasure trove? A person’s own home. “Why do you need a new dresser? Change the colour of the one you already have,” she suggests. Perrault says there are a number of new products that make DIY projects a whole lot easier than in years’ past, products like Krud Kutter’s Gloss Off, a deglosser that prepares a surface for repainting/refinishing, while eliminating the need for sanding. Rust-Oleum® Transformations kits also offer DIYers quick solutions for coating counter tops, cabinets and furniture, and many brands offer easyto-follow online tutorials. Perrault says it’s important “to develop a level of confidence” when mastering the art of upcycling, something one can achieve through practise and the realistic expectation that a factory finish is not the intended result.
before
And upcycling is not just for the budget minded. “You can fill your home with the most expensive furniture, but it’s not necessarily unique,” says Perrault. Instead, she says, why not upcycle a simple wood console table by gilding its edges? Or, how about painting a bookcase or chair with a unique pattern? Upcycling can give homes in any price bracket unique statement pieces no one else on the block will have. Perrault says some DIY projects involve a lot of “thinking outside the box.”
For example, she created a bench by combining three orphaned diningroom chairs. In another instance, Perrault transformed an old television console into a “mod, Austen Powers-esque bar.” Where the television once was, now sits a wine rack. Perrault says DIY newbies should consider starting with something a little less involved, such as painting a side table. “Paint is very forgiving,” she says. “Start small and grow … One of the worst things is to leave a project unfinished,” Perrault advises.
Kathleen Renne is a freelance writer based in Calgary. Her work also appears in the Calgary Herald, CREB® Now, the Edmonton Journal, and the Journal of Commerce.
54 YPNEXTHOME.CA
Untit
COME HOME TO THE GUARDIAN RESIDENTS ARE MOVING INTO THIS NEW AND VIBRANT COMMUNITY. JOIN THEM.
1-BEDROOMS 2-BEDROOMS PARAMOUNT SUITES
starting at $278,900
PRESENTATION CENTRE
starting at $445,900
456 -12TH Avenue SE Mon – Thurs 12 – 6PM
TEL 403 800 3368 Sat & Sun 12 – 5PM
starting at $1.4 million
Developed by Hon Developments. Renderings are artist’s interpretation. Prices subject to change without notice. E&EO.
Untitled-4 1
2015-09-10 5:02 PM
Advice | MORTGAGE ADVICE
Good news for homebuyers BoC holds overnight lending rate By Alyssa Richard
THE BANK OF CANADA (BOC) released
its regularly scheduled interest rate update on Sept. 9, announcing it would not change the overnight lending rate from 0.50 per cent. With the economy performing better than expected and a federal election in full swing, the BoC opted to leave things as they are and not make any changes for the time being. In the previous interest rate announcement on July 15, the BoC cut the overnight lending rate by 25 basis points. It was the second change in just six months, echoing a 25 basis point cut in January. July’s announcement led to a flurry of activity; traffic to RateHub.ca spiked as consumers came in search of lower mortgage rates.
In today’s announcement, however, the BoC had a somewhat more positive outlook. A statement from the central bank said “the stimulative effects of previous monetary policy actions are working their way through the Canadian economy.” The BoC also cautioned that Canada’s economic future will be heavily influenced by factors beyond its control. Uncertainty in China and the growing economic strength of the United States were two major pressures cited by the bank. Attention is now shifting to the US Federal Reserve, which could potentially raise interest rates in that country as early as next week. Earlier this year, it seemed to be a foregone conclusion that the Fed would raise
“With the economy performing better than expected and a federal election in full swing, the BoC opted to leave things as they are and not make any changes for the time being.” rates in September, but experts are now saying it could be later this year before they pull the trigger. It’s still seen as a matter of when – not if – rates will go up there, and when they do, it will be the first such increase since 2008. The Bank of Canada has said it wouldn’t necessarily follow an American lead, but a U.S. rate hike would have implications on our economy, and would likely push the Canadian Dollar down even further relative to the U.S. greenback. By deferring any further changes to the overnight rate, the BoC has left itself breathing room to react to an American rate increase. For the average Canadian, today’s announcement is generally good news. If you have a variable rate mortgage, your interest rate should stay the same for the time being. Even though the major banks didn’t pass along the entire discount from this year’s rate cuts, don’t expect them to use today as an opportunity to step up any competition. The Bank of Canada’s next rate announcement is Oct. 21.
Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
56 YPNEXTHOME.CA
SIZE MATTERS
TERRACE 170 SQ FT
12’-0” x 12'-0"
8’-5” x 11'-10"
PANTRY
12'-5" x 10'-2"
• Full size double car garage with driveway • Hardwood flooring in living and dining room • Quartz or granite countertops with spacious eating bar • Stainless steel appliances including chimney style hood fan and gas range • 10’ ceilings • Large terraces or patio • Immediate possessions available
MECH / STORAGE
BEDROOM KITCHEN
Premium Features
W.I.C.
GARAGE
STORAGE / LINEN
ENSUITE
19'-7" x 20'-6"
DN
ENTRY W.I.C.
5'-10" x 5'-5"
DINING 9'-6" x 11'-6"
STORAGE
W/C
LIVING
MASTER BEDROOM
12'-5" x 12'-4"
5'-8" x 8'-1"
Townhomes from
W/D OPTIONAL FIREPLACE
12'-0" x 15'-0"
$384,900* (plus GST)
OFFICE 8’-5” x 9'-10"
TERRACE 238 SQ FT
ENTRY
UP
8'-3" x 6'-1"
Main Living Area
Street Level Entry
SECOND FLOOR UNIT ENTRY
Stacked Bungalow C2 | ±1622 sq.ft. * Townhome price after $10,000 promotional discount. Limited time offer. Cannot be combined with any other offer.
220 Silverado Plains Park SW | Mon - Wed 2pm - 8pm | Sat - Sun 12pm - 5pm HunterHouseLiving.com | 403.240.4664
DE
TR AIL PI NA SH AG AN
DR . HIL L NO SE
AIL EY TR STON
NOSE HILL PARK
JO
HN CR LA OW UR IE CH BLV ILD D. TR AIL
CALGARY INTERNATIONAL AIRPORT
64 Ave
16 AVENUE
ORE
TRA
IL
36 STREET
17 Ave
14
02
07
Sales Centre Now Open in Currie Barracks
06 LEGACY PARK BY BRAD REMINGTON
Register at: mylegacypark.ca
08
05 15 11
07 GLAS BY AVALON
09
2712 17th St. SW
08 ALEX BY ASSURED COMMUNITIES
Presentation Centre: 2719 14th St. SW
GLENMORE RESERVOIR
BARLOW TRAIL
NM
771 Patrick St. S.W.
03
13
04 THE LANDINGS BY STATESMAN
05 OVERTURE IV E BY JAYMAN MODUS DR
ME M O R I AL
37 STREET
GLE
69 STREET
85 STREET
10
16 AVENUE
MacLEOD TRAIL
SARCEE TRAIL
4
BLACKFOOT TRAIL
OLD BANFF COACH ROAD
32 Ave
EDMONTON TRAIL
E
14 STREET
ENU
ELBOW DRI VE
16 A V
CENTRE STREET
SOUTHWEST COMMUNITIES
SOUTHLAND DRIVE ANDERSON ROAD
DEERF
OOT T
W BO
CRE
12
10 VIVACE BY STREETSIDE DEVELOPMENTS
Presentation Centre: 2118, 8561-8A Ave. SE
Sales Centre in Currie Barracks J5, 2953 Battleford Ave. SW
TR AIL
194 AVE
AIL D TR LEO SHERIFF KING ST. SW
VITT
McKE 01
Mac
S JAME
SHAWNESSY BLVD.
98 Mission Road SW mission34.ca
11 JUNO BY AVI URBAN
M
EK P ARK
TTO BO
FISH
RAIL
09 MISSION 34 BY ASSURED COMMUNITIES
NE F LOR UIS O
TRAIL
MARQ 06
12 SANDERSON RIDGE ON FISH CREEK PARK BY TELSEC 2330 Fish Creek Blvd. SW www.sanderson-ridge.ca
13 ALTADORE 36 BY BROOKFIELD RESIDENTIAL
01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT
1020 194th Ave S.W. www.hunterhouseliving.com
02 BROOKLYN CONDOMINIUMS BY TRICO HOMES
1710-28 Ave. SW www.brooklyncondos.ca
03 OVATION BY INTERGULF CIDEX
36th St. & 16th Ave SW Register Now www.altadore36.com
14 MAX TOWNHOMES BY ASSURED DEVELOPMENTS 1605 25 Ave SW
15 THE ARMORY BY COVE PROPERTIES Currie Barracks
#2105, 99 Spruce Place S.W.
Now open! Register today! www.mylegacypark.com 403.931.8558 SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 59
Homebuyers’ Help
Condo hunter’s checklist WHEN SHOPPING FOR YOUR DREAM CONDO, CARRY THIS LIST WITH YOU AND TAKE NOTES TO HELP YOU REMEMBER WHAT YOU SAW, AND WHERE!
CONDO #1
CONDO #2
CONDO #3
CONDO #4
Project & address:
Project & address:
Project & address:
Project & address:
Salesperson:
Salesperson:
Salesperson:
Salesperson:
Phone:
Phone:
Phone:
Phone:
Developer/builder:
Developer/builder:
Developer/builder:
Developer/builder:
Type:
Type:
Type:
Type:
midrise highrise
townhome conversion
midrise highrise
townhome conversion
midrise highrise
townhome conversion
midrise highrise
townhome conversion
Sq. ft.:
Sq. ft.:
Sq. ft.:
Sq. ft.:
# of bedrooms:
# of bedrooms:
# of bedrooms:
# of bedrooms:
# of bathrooms:
# of bathrooms:
# of bathrooms:
# of bathrooms:
Interior appliances:
Interior appliances:
Interior appliances:
Interior appliances:
Options:
Options:
Options:
Options:
Parking facilities:
Parking facilities:
Parking facilities:
Parking facilities:
Special incentives:
Special incentives:
Special incentives:
Special incentives:
Price:
Price:
Price:
Price:
Down payment:
Down payment:
Down payment:
Down payment:
Condo fees:
Condo fees:
Condo fees:
Condo fees:
Financing available:
Financing available:
Financing available:
Financing available:
Other comments:
Other comments:
Other comments:
Other comments:
60 YPNEXTHOME.CA
Discover superior “Resort Style Living” on Fish Creek Park 40+ Adult Community/Steps from Fish Creek Park/Fitness Centre/Movie Theatre Coffee Bar/Bowling Alleys/Swimming Pool/Steam Room/Hot Tub/Wine Cellar/Library/Games Room Woodworking Shop/Craft Room/Sanderson Banquet Facility/Catering Kitchen/Guest Suites Car Wash Stations/Heated Underground Parking and More….
Limited seLeCtion
Condos
Luxury Penthouse Condos Now Selling from
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$
Sanderson Ridge caters to the Discriminating Buyer Discover first-hand the quality craftsmanship of these Luxury Condominiums. Visit us today at 2330 Fish Creek Blvd. SW or at www.sanderson-ridge.ca to learn more. 403-460-3771 *Prices are subject to change without notice and do not include GST.
Celebrating 40 Years
start your search here. Whether you’re renting or buying, finding your next home has never been so easy.
NORTHWEST COMMUNITIES
AIL 3503 Sage Hill Drive NW
SARCEE TRAIL
IL FO OT TR A
5353 Crowchild Trail NW 16 AVENUE
18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES
881 Sage Valley Boulevard IV E D R www.sonomasagehill.com
36 STREET
21 LIDO BY BATTISTELLA
17 Ave
Sales Centre 1120 Kensington Rd
04 WILLOW AT SHERWOOD BY AVI URBAN Visit Sales Centre at 64 Nolan Hill Gate
05 ARRIVE AT EVANSTON BY PARTNERS DEVELOPMENT GROUP Symons Valley Parkway please call 587-755-1166
06 TRINITY BY JAYMAN MODUS 44 Nolan Hill Blvd. NW GLENMORE RESERVOIR
22 AVIRA BY JAYMAN MODUS Sales Centre located on Evanspark Blvd. NW
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03 VIRIDIAN BY TRICO HOMES
15 THE GROVES OF VARSITY BY STATESMAN HOMES
BLACKFOOT TRAIL
RE T BY BUCCI RAIL 2nd Ave and 10th St. NW
32 AveBY KNIGHTBRIDGE
ME M O R I AL
ELBOW DRI VE
175 Panatella Hill NW 02 KENSINGTON GLENM O
19
21
37 STREET
01 PANORAMA WEST BY CARDEL LIFESTYLES
12 EMERALD SKY BY CARLISLE GROUP 14 UNIVERSITY CITY
02
11
Register today: Ezraonrileypark.com
355 Kincora Glen Rd. NW www.emeraldsky.ca
16 AVENUE
69 STREET
85 STREET
CALGARY INTERNATIONAL AIRPORT
64 Ave
OLD BANFF COACH ROAD
11 EZRA ON RILEY PARK BY BIRCHWOOD PROPERTIES
EDMONTON TRAIL
JO HN CR LA OW UR 14 IE CH BLV ILD D. TR AIL
Now Open Show suite 175 Panatella Hill NW
W
CENTRE STREET
E
NOSE HILL PARK
TRA
IL N
14 STREET
AIL ENU
14 ST RE ET
Register: cardelcondos.com
10 SAGE PLACE BY CARDEL LIFESTYLES
ER
DIN GTO N
09 NOLAN PARK BY CARDEL LIFESTYLES
DE
BED
TR AG AN SH
SE NO
Y TR
16 A V
CENTRE STREET
01 . BLVD
LS Y HIL UNTR
NA PI
R. LD HIL
E STON
15
Register: jayman.com/carnaby
22
CO
08 CARNABY HEIGHTS BY JAYMAN MODUS
STONEY TRAIL NW
HA RV BLVEST H D N ILLS E
STONEY TRAIL NW
05
Sherwood Blvd at Sherwood Way NW Register Now www.thetimbers.gablecrafthomes.ca
MacLEOD TRAIL
COUNTRY HILLS BLVD.
14TH ST NW
10 18 03 SY MO NS VA 08 06 07 LLEY RD 12 . 04
SYMONS VALLEY PKWY
09
85 ST. NW
ROCKY RIDGE BLVD.
144 AVE NW.
07 THE TIMBERS BY GABLECRAFT HOMES
SOUTHLAND DRIVE ANDERSON ROAD
DEERF
OOT T
M
EK P ARK
TTO BO
CRE
AIL TR
AIL
TR OD
LE Mac
SHAWNESSY BLVD.
VITT
McKE
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SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 63
Trending
New-home buyer community mailbox fee on hold By Marlene Eisner
In late 2012, Canada Post announced its intention to charge new-home buyers a $200 Community Mailbox (CMB) fee per mailbox that would be collected during the subdivision process in brand new residential and commercial developments. Upset by another additional cost when government charges and fees on new homes are already substantial and increasing, the CHBA and its members began a vigorous campaign against the initiative. It seemed to work, at least in the short-term. In July 2013, Canada Post agreed to suspend the CMB fee until January 1, 2014.
IF THE THOUGHT OF GOING OUTSIDE
to get your mail in the dead of winter makes you shiver – not to mention having to pay an additional fee to cover the cost of said community mailboxes – maybe this news will warm you up. According to the Canadian Home Builders’ Association (CHBA), discussions between it and Canada Post have resulted in a reprieve until January 2016 for new homeowners having to pay a $200 Community Mailbox (CMB) fee. “We are very pleased with this outcome — this is an important victory for CHBA and Canadian homebuyers,” says Kevin Lee, CEO, CHBA. “Very importantly, we also send kudos throughout CHBA at the local, provincial and national levels of our Association for the collective effort.”
The one-year suspension saved the industry and new-home buyers tens of millions of dollars in 2013, which prompted the CHBA to first try and convince Canada Post to reduce the fee, and eventually, actively oppose it outright. While the reprieve is welcome news for new homebuyers, the decision is not set in stone. According to CHBA, Canada Post stated that although the fee is not a necessity right now, it could become so when the crown corporation reviews its financial position in 2019. Yet another great reason to not put off buying a new home for much longer.
MORE TRENDING ONLINE ypnexthome.ca/news
THE SECRET TO OWNING A HOME:
STOP PAYING RENT!
Condos BY TRICO COMMUNITIES
Think You Can’t Afford It? You CAN! Condos in Sage Hill Monthly Payments Starting From
Flexible Down Payment Plan Available
Includes PI & GST
*Price shown includes GST. Monthly payment is based on a starting price of $205,000. Payments are based on 5% down, with a 5-year fixed 2.49% interest rate, amortized over 25 years, OAC, payments do not include CMHC insurance fees or monthly condo fees. Price is subject to change without notice. E&OE. Some conditions apply.
2 NEW SHOWSUITES OPENING SEPTEMBER 26 5 PURCHASERS HURRY! FIRST RECEIVE $5,000 OFF!
AVATARA FOOD
TRUCK & PRIZES
Visit our sales centre at 3503 Sage Hill Drive NW or viridiancondos.ca VIR-14008 NCG HP Sept18 v4.indd 1 64 YPNEXTHOME.CA
2015-09-04 8:26 AM
F I L E
N A M E S
A R E
F O R
I N T E R N A L
U S E
O N LY
RCHA S PU NG IN
IN
C
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STAR TI
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sales launch event october 17 ConStruCtIon now Started
Picture Perfect Living quieter
better reSale
SaFer & FireprooF
Concrete & steel construction Standard granite countertops & stainless steel appliances
ConCrete Ceiling
Indoor heated parking (some with direct access to your suite)
ConCrete wall between suites
Commanding location with stunning views
ConCrete floor
ARTIST’S RENDERING ONLY
ConCrete ConStruCtIon PrICed better than our ComPetItor’S wood
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up to 12 month down payment plan, starting from $1,116 per month.
KINCORA GLEN ROAD NW
STONEY TRAIL NW
NS RD. MO Y SY LLE VA
37TH ST.
regIster at emeraldsky.ca SaleS Centre loCated at: 355 KinCora Glen rd nW SaleS Centre HourS: Mon.-thurs. 2-8 pm Sat. & Sun. 12-5 pm Closed Fridays
403.460.2510
Inquire about immediate occupancies at carlislegroup.ca 403.571.8426
n
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sales launch event october 17 south calgary’s Most Desirable location
constructIon starteD WIth WInter 2016 PossessIons
condos from
$150’s
FeaturIng • Your choice of professionally designed interior finishing packages • 5 appliance package • Spacious patio or deck • Hardieboard fibre cement siding • Secure titled heated underground parking • Maintenance free lifestyle
MARQUIS OF LORNE TRAIL SE (22X)
210 AVENUE SE
You QualIFY WIth a householD IncoMe oF
$35,000
WIth PaYMents FroM
$688
monthly*
ask about our easY DoWn PaYMent Plan! *OAC based on 5% deposit, 3.19% interest amortized over 25 years.
sales centre located at 210 ave se, calgary
LEGACY BLVD SE
IL RA DT EO CL MA
sales centre hours: Mon - thurs 2-8 pm sat, sun & holidays 12- 5 pm
403.460.5206
regIster at legacygate.ca
TOWNHOMES
WITH ATTACHED GARAGES FROM THE MID
$200s
Homebuyers’ Help
Compare mortgage rates for your best deal CHARTERED BANKS
variable
6 months
1 year
2 years
ATB Financial
2.200
4.000
2.940
2.640
2.590
2.690
2.790
Bank of Montreal (BMO)
2.700
4.000
2.890
2.840
3.390
3.890
4.740
Bank of Nova Scotia
2.700
4.550
3.290
3.090
3.390
3.890
4.490
CIBC Mortgages
2.700
4.450
2.890
2.840
3.400
4.140
4.790
Canadian Western Bank
2.900
4.000
3.140
3.040
3.650
4.200
4.740
Canadian Western Trust
2.900
4.000
3.140
3.040
3.650
4.200
4.740
Comtech Credit Union
-
6.200
2.890
2.890
2.950
2.990
2.690
-
3.090
3.000
2.990
3.090
2.790
DUCA Financial Services
2.500
3 years
4 years
5 years
Effort Trust
-
4.450
3.350
3.500
3.700
4.300
4.350
Equitable Bank
-
-
3.140
3.040
3.650
4.390
4.640
First Calgary Financial
-
4.000
2.890
2.890
2.490
3.090
2.650
First National Financial
2.200
3.100
2.290
2.190
2.340
2.540
2.690
FirstOntario Credit Un.
2.700
4.240
2.890
2.590
2.690
2.840
2.690
HSBC Bank Canada
2.850
4.450
3.140
3.140
3.540
4.240
4.740
Home Trust Company
2.500
3.950
2.690
2.350
2.390
2.590
2.590
ICICI Bank Canada
3.050
-
3.150
3.650
3.640
3.690
3.690
Investors Group Trust
2.700
4.200
3.140
3.090
3.390
3.890
4.740
London Life
2.700
4.200
3.140
3.090
3.390
3.890
4.740
Manulife Bank
2.400
4.450
3.000
2.940
2.840
2.790
2.690
Manulife Trust
-
4.450
3.000
2.940
2.840
2.790
2.690
Meridian Credit Union
2.650
4.000
3.090
3.090
3.550
3.290
2.690
National Bank
2.700
4.400
2.890
2.840
3.390
3.890
4.740
-
4.500
3.150
3.500
3.750
3.850
3.950
President’s Choice Fin’l
2.700
6.190
3.190
2.840
3.340
4.040
4.440
Rapport Credit Union
2.850
6.000
3.090
3.040
3.500
3.040
2.990
Royal Bank of Canada
2.700
3.140
3.140
3.040
3.650
4.390
4.640
Servus Credit Union
-
4.000
2.890
2.840
3.390
3.890
4.640
Steinbach Credit Union
-
-
2.450
2.550
2.550
2.650
2.650
Peace Hills Trust
T-D Mortgage
2.700
3.140
2.890
2.840
3.390
3.890
4.640
Tangerine
2.700
-
3.190
3.240
3.490
3.690
3.790
Windsor Family C.U.
-
4.450
3.000
3.000
3.050
3.050
3.100
Your Neighbourhood C.U.
-
-
2.990
3.000
3.190
3.300
3.090
ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE July 22, 2015. Prepared By Fiscal Agents Financial Information Services 905.844.7700
SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 69
Inspiration
the
SCOOP Tea light lanterns. $50-$80 bouclair.com
For the outdoor entertainer
Catch up on decor + reno news, inspiration, style + more By Elisa Krovblit
The Gift
Summer may be coming to a close, but soiree season is still in full swing. Don’t go emptyhanded – we’ve got some trend-setting suggestions for the perfect host and hostess gifts for any occasion. Just add a bow and you’re good to go!
For cocktail hour Wood Tray with Condiment Bowls. $65 williams-sonoma.com
Dillon’s Rose Gin. 375mL $24.85
For the foodie
MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration
Scoop the look! For tea time
‹
Time for Tea, Set of 4 Teacups & Saucers. $35 | chapters.indigo.ca
For the griller
‹
Barbecue Lighter, $1.50. Cuisinart Wood Chip Box, $12. Jack Daniel’s Smoking Wood Chips, $9 | canadiantire.ca
In love with design and decor, Elisa is the senior editor of Renters Guide, Commercial Investor and Home Decor & Renovations.
70 YPNEXTHOME.CA
Advice | MONEY MATTERS
Owning versus renting By Gail Vaz-Oxlade
THE HOUSING MARKET HAS GONE
wild with people panting for good investments opportunities. Slow down and consider all the angles before you dive into home ownership. There’s something about money Did you see that? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment. While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. First, there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you avoid by renting. First and last months’ rent is also a ways smaller than the typical down payment on a home. Of course, when you own, no matter how small the principal portion of your mortgage is (and it’s miniscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money earned is tax-free.
It’s a wonderful life When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. Renting is virtually a worry-free existence – assuming you have a decent landlord. Home ownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red. Location, location Buying a home in a neighbourhood you don’t know well is a common mistake. If you’re new in town, consider renting for six months or a year to get a feel for the area. If you like living there, you’ll feel more comfortable buying a home.
Steady as she goes Your employment prospects should be stable before you consider buying a home. Home ownership requires a number of regular payments – mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences. There are a number of financial factors to consider when it comes to the buying versus renting. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an home owner, and overall I like ownership more.
MORE ADVICE ONLINE ypnexthome.ca/news/advice
Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever and blogs daily at gailvazoxlade.com
SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 71
What’s online
Trending now The latest real estate news from across Canada
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Leafs coach Mike Babcock lists Detroit area home READ THE STORY ONLINE ypnexthome.ca/Mike-Babcock
Top celebrity homes READ THE STORY ONLINE ypnexthome.ca/Celebrity-homes
Top 10 Ikea hacks for students
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Ad Index
ADVERTISERS Albert Park Station - Carlisle Group
66-67
Legacy Park - Brad Remington Homes
1, 11-13, 76
Arrive at Evanston - Partners Developments
65
LIDO - Battistella
48
Arrive at Redstone - Partners Developments
33
Link at Evanston - Brookfield Residential
68
Arrive at Skyview Ranch - Partners Developments
33
Origins - Streetside Develoments
23
Auburn Walk - Cardel Lifestyles
3
Park Point - Qualex Landmark
6
51
Avenue - Grosvenor
46
Radius - Bucci Developments
Bayside at Brooksprings - Merge Developments
36
The Rise Townhomes - Jayman Modus
The Block - Homes by Avi – Avi Urban
75-76
38-39
The Royal - Embassy Bosa
53
Chalet No. 6 - Hopewell
5
Sanderson Ridge on Fish Creek - Telsec
61
Champagne - Remington Development Corp.
2
Sandgate - Hopewell
25
Copperfield Park III - Brad Remington Homes
15
Emerald Sky - Carlisle Group
66-67
Sawyer - Homes by Avi – Avi Urban
75-76
Scollen House - 320 Mission
50
Ezra on Riley Park - Birchwood Properties
42, 44-45
Smith - Grosvenor
47
The Gates - Remington Development Corp.
14, 16-17
Stone Keep - Merge Developments
36
21
The Guardian - Hon Towers Ltd.
55
Street Towns - Homes by Avi
Heartland Townhomes - Excel Homes
35
The Timbers - GableCraft Homes
4
Hunter House - Streetside Developments
58
V&V - Providence Developments
57
INK - Battistella
49
Viridian - Trico Homes
63
Jumping Pound Ridge - Slokker West
7
Willow - Homes by Avi – Avi Urban
75-76
Juno - Homes by Avi – Avi Urban
75-76
Zen Cranston - Avalon Master Builder
19
Legacy Gate - Carlisle Group
66-67
Zen Ravenswood - Avalon Master Builder
34
Jayman Group of Companies Pull out Booklet Avira, Carnaby Heights, Ebony, Harana, Overture, The Rise
SEP 18 - OCT 16, 2015 | NEW CONDO GUIDE 73
*Possession subject to availability. Prices are pre GST and subject to change without notice. E&O.E.
AN OPPORTUNITY OF A LIFETIME
My
MAP IT!
mylegacypark.com Sales Centre: Legacy Main Street and Legacy Blvd SE 403.931.8558 2:00-8:00pm Monday-Thursday 12:00-5:00pm Sat-Sun/Holidays