Skip to main content

Calgary New Condo Guide - Sept 18, 2015

Page 1

SEPT 18 - OCT 16, 2015 VOLUME 18, ISSUE 10, FREE

CALGARY EDITION

Own at

INSIDE THIS ISSUE

My

CMHC MORTGAGE INSURANCE DO YOU NEED IT?

CONDOS FOR THE 50-PLUS CROWD

NEW HOMEBUYER MAILBOX FEE ON HOLD


NEW BUILDING RELEASE SATURDAY, OCT 3 NOON - 5 PM

#AuburnWalk

Live the lake life at Auburn Walk.

1+2 BDRM CONDOS STARTING FROM

MON – THUR: 2 PM – 8 PM WEEKENDS & HOLIDAYS: NOON – 5 PM CLOSED FRIDAYS

52 ST AY AV E

AUBURN WALK AUBURN BAY LAKE AUBURN BAY BLVD

CRANSTON AVE

N BAY DR BUR AU AUBURN MEADOWS DR

SETON BLVD

52 ST

Future Auburn Station shopping centre right next door Auburn Lake South Health Campus Citywide transit and more!

201

B

WALK TO EVERYTHING

2 DEERFOOT TRAIL

+GST

SALES CENTRE & SHOW SUITE: 105 AUBURN MEADOWS DR SE REILLY LEPAGE: 403.371.6014

AU B U R N

900 149,

$

STONEY TRAIL

VISIT OUR SALES CENTRE & SHOW SUITE

SOUTH HEALTH CAMPUS

Prices and promotions subject to change without notice. Subject to availability. For award information and details please visit customerinsight.ca. Copyright © 2015 Cardel Lifestyles. All rights reserved.

Built for real life. CARDELCONDOS.COM

2015 ALBERTA REGIONAL WINNER Suppor ted by

WINNER OF THE NEW HOMEBUYERS CHOICE AWARD TM

TM

WINNER OF THE HOME OWNER MARK OF EXCELLENCE AWARD TM


All the others

are green with envy 2 & 3 Bedroom Townhomes

from $359,900 The estate community of Sherwood is proud to welcome The Timbers. With brilliant interior finishes, a park in your front yard and a tranquil ravine in your backyard, The Timbers is the envy of all. Come be a part of the best location in the Northwest. Visit our Presentation Centre today!

PRESENTATION CENTRE 922 SHERWOOD BLVD CALGARY Mon to Thurs – 2pm to 8pm Friday – By Appointment Only Sat & Sun – 12pm to 5pm

gablecraft.ca/thetimbers

403.456.2328 Artistic rendering only. Pricing and availability are subject to change without notice. The developer reserve the right to make changes to the information contained herein. E.&O.E *Limited time only. See Sales Representative for Details.


STA

N NG OW S FRO ELL M T ING HE MID $

RTI

Elevated Amenities Exclusively For Residents And Their Guests

20 0

Own a new local landmark overlooking the sparkling Calgary skyline and iconic Central Memorial Park. Amazing amenities include a beautiful Zen Terrace, outdoor kitchen with fire pit, indoor social lounge with kitchen and cozy fireplace, and fully equipped fitness spaces. These amenities are not an afterthought – they are front and central to living well. CALGARY · PARKSIDE LIVING ON CENTRAL MEMORIAL PARK

2ND ST SW

NOW SELLING · VISIT OUR DISCOVERY CENTRE TODAY 301 11TH AVE SW · OPEN DAILY 12 – 5PM, EXCEPT FRIDAYS · 403 244 2428

12TH AVE SW CENTRAL PARK 6 YPNEXTHOME.CA

N

QUALEX.CA/PARKPOINT Another original by

Artist rendering only. TM denotes one or more trade-marks of Qualex-Landmark Management Inc. used under license by Qualex-Landmark Union Inc. This is not an offering for sale. E.&O.E.

s


0s

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

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

in every issue

15

Greg Van Sluytman

Northwest Map

70

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

WC HIL D

32 Ave

16 AVENUE

16 AVENUE

12 AVENUE

SOUTHEAST COMMUNITIES RIVE RIAL D

MEMO

RIAL D RIVE

36 STREET

MEMO

17 Ave

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

TR

Mac

12

COPPERFIELD

AIL

MA

CHAPARRAL

20

07 03

CRANSTON

05 WALDEN 01 04 24 23

13

06

15 LEGACY

MAHOGANY

22

10

AUBURN BAY

16 N

SETO

17 MOSAIC MIRAGE BY BROOKFIELD RESIDENTIAL 347 MacKenzie Towne Gate

W ST. 52

D TR

VITT

McKE

IL E TRA

LEO

S JAME

17 RN OF LO RQUIS

116 Quarry Park Way SE

52 Legacy Gate SE

NEW BRIGHTON

M

K PA RK

14 BOULEVARD TOWNES BY BIRCHWOOD 15 LIVINGSTONE TOWNES BY TRICO COMMUNITIES

OOT T RAIL

TTO BO

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

IL

W BO

CRE

M

AIL

VITT

D TR

McKE

LEO

Mac

S JAME

IL TRA

EK P ARK

SHAWNESSY BLVD.

NEW BRIGHTON

TTO BO

FISH

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

.

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

EDMONTON TRAIL

SH AG AN

NA

PI

DE

TR A

ER

IL

CO

05 128 NE Ave

COUNTRY HILLS BLVD.

FO OT TR AIL

VD. LS BL

Y HIL UNTR

03 LiFFT BY VERICON REAL ESTATE VENTURES

STONEY TRAIL 06 07

U

MARQ

CHAPARRAL CRANSTON

AIL

NE TR

LOR IS OF

COPPERFIELD

ABURN BAY

SEARCH ONLINE ypnexthome.ca

SEP 18 - OCT 16, 2015  |  NEW CONDO GUIDE  27


looking for a new home? We can help! The New Home & Condo Guide app is now

Brand new name, same great app. Everything you need to know to buy your next home.

download the app

visit us online


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.

C CH H BB A A -- A A LL BB EE RR TT A A


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

C CH H BB A A -- A A LL BB EE RR TT A A

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


ZenRavens CG20150903.indd 1

3/9/15 09:45:12


:45:12

CALGARY’S SATELLITE COMMUNITIES 22

AIRDRIE 04

1A

02 03 01 COCHRANE 08 21

20 SUNSET BY JAYMAN INNOVATIONS

20

21 THE WHITNEY BY LANDMARK HOMES

10 12 15

13 14

06

24 Sunset Rd. Cochrane, Alberta

11

09

211 & 215 Fireside Parkway Cochrane, AB

2 07

05

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

NOW OPEN! Townhomes starting from the mid $300s.

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.

38 YPNEXTHOME.CA


$

Modus_Sun_Booklet September issue.indd 1

STARTING FROM

2 3 0 ’S T O $2 M 9/8/2015 9:42:16 AM


LIFE HAPPENS ON THE INSIDE. So you’re looking for a condo or townhome that fits your life. Take a moment to think about this. Jayman has been building homes for 35 years and within this, for nearly 15 years we have proudly built over 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. . .

........................................................... ■■■

a solid and thoughtfully designed product based on 35 plus years of industry experience.

■■■

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.

Modus_Sun_Booklet September issue.indd 2

9/8/2015 9:42:22 AM

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!

E

?

G

TY

2 AM

Get social with us: facebook.com/jaymanmodus

Modus_Sun_Booklet September issue.indd 3

9/8/2015 9:42:30 AM


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

Modus_Sun_Booklet September issue.indd 4

9/8/2015 9:42:43 AM

Mod


ct

g

3 AM

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

Modus_Sun_Booklet September issue.indd 5

9/8/2015 9:42:55 AM


MOVE IN

ON 6 L LY EF T

NOW

C O

N

D

O

S

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

Modus_Sun_Booklet September issue.indd 6

9/8/2015 9:43:06 AM

Mod


sh

6 AM

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

Modus_Sun_Booklet September issue.indd 7

9/8/2015 9:43:15 AM


AT HOME, AWAY FROM HOME. Moving into a community or considering a move into a new community can be a challenge. It can be difficult to reorient yourself and find all of the things and places that provide comfort. So at Modus we’ve developed a simple solution. A mobile amenities application that allows you to find what you want, complete with phone number and GPS locator to take you straight there. So enter one of the community URLs or download our Modus Matrix app on your Android phone or iPhone and scan this page to give it a try!

BU 9 BU 6 BU R

• le

c

DOWNLOA D MODUS MATRIX APP & SCAN THIS PAGE Modus_Sun_Booklet September issue.indd 8

9/8/2015 9:43:45 AM

Mod


5 AM

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

Modus_Sun_Booklet September issue.indd 9

9/8/2015 9:44:12 AM


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

Modus_Sun_Booklet September issue.indd 10

9/8/2015 9:44:19 AM

Mod


Y

2 & 3 bedroom townhomes with garage YOU SPOKE. WE’VE LISTENED. A COMMUNITY DESIGNED FOR YOU, BY YOU.

Opening 2016

r

9 AM

PRE-REGISTER for Grand Opening Event jayman.com/harana Redstone NE Modus_Sun_Booklet September issue.indd 11

9/8/2015 9:44:28 AM


The name Modus stands for how we do things. In the past 35 years we have learned that to improve the quality of our customers’ lives it’s important that we build around their lifestyles and not the other way around. This is how we do things. We are there for you through the entire process and have the experience and connections that no other multi family builder has. This ensures the smoothest transition possible during your home buying experience.

It’s just what we do.

Sales Centre Hours: Mon to Thu 2 - 8 pm 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

Modus_Sun_Booklet September issue.indd 12

9/8/2015 9:44:32 AM


“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


WINNER 2014

2015


HOMES SO GORGEOUS YOU WON’T BELIEVE THE PRICE

LIFE ON THE RIVER FROM

$594,900

A Limited Number of Bungalow and two-storey Opportunities remaining • • •

2,020 Square Feet of Living Space Walkout Basement His & Her Ensuite

• • • •

Granite Throughout Immediate Possession 3 Bedrooms Home Gourmet Kitchen

INCLUDING GST

ALSO RECEIVE A

2.00%

FINANCING RATE* WHEN YOU USE JAYMAN FINANCIAL ON YOUR NEW HOME PURCHASE.

*Based on a five year variable rate mortgage. Some conditions apply. E & O.E. Subject to change without notice.

2015-07-15-RiverReach Condo Guide Ad.indd 1

12 Riviera Way, Cochrane (403) 932-6065 Monday to Thursday 2pm - 8pm

Saturday & Sunday 12pm - 5pm

Experience the feeling at

JAYMAN.COM/RIVERREACH certainty comes standard

8/6/2015 2:00:56 PM


6 AVE N

GREYHOUND BUS TERMINAL

23 AVE S

26 AVE S


INNER CITY 12 KENSINGTON BY BUCCI 301 10th St. NW

RILEY PARK

24

6 AVE N

5 AVE N

VE 2A

N

SUNNYSIDE 20 STATION

12

13 FIRST BY FRAM + SLOKKER

3

VE 4A

East Village Experience Centre 553 Riverfront Ave. SE

ROTARY PARK

PRINCE’S ISLAND PARK

21

14 AVLI ON ATLANTIC BY RED MANAGEMENT

17

1220 9th Ave.

EAU CLAIRE04 MARKET

24

25

16

15 SCOLLEN HOUSE BY 320 MISSION DEVELOPMENTS

01

Corner of 25th & 3rd St. SW

4 AVE S

06

16 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN.

13 18

5 AVE S 6 AVE S

REYHOUND US TERMINAL

MILLENNIUM PARK

Sales Centre 921 - 1st Ave. NE

19 CONVENTION CENTRE

9 AVE S

26

07

1 ST E

COLONEL BELCHER HOSPITAL MOUNT ROYAL VILLAGE

26 AVE S

08

TALISMAN SPORTS CENTRE

4 ST W

5 ST W

VICTORIA PARK / STAMPEDE STATION

PROSPECT AVE

22

10 ST W

23 AVE S

CLIFF ST

17 AVE S

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

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

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

04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.

05 THE GUARDIAN BY HON TOWERS

12th Ave SE at 3rd St.

15 26 AVE S

05

OLYMPIC WY

02

MACLEOD TR

1 ST W

2 ST W

11 AVE S

4 ST W

5 ST W

8 ST W

10 ST W

14

12 AVE S

17 916 BY SABLE DEVELOPMENTS

FORT CALGARY

CITY HALL

916 Memorial Drive

11

18 EVOLUTION BY EMBASSY BOSA INC.

East Village Experience Centre 553 Riverfront Ave. SE

19 VERVE BY FRAM + SLOKKER

Sales Centre Now Open in East Village

CALGARY EXIBITION AND STAMPEDE PARK

20 LIDO BY BATTISTELLA

ERLTON / STAMPEDE STATION

21 V&V BY PROVIDENCE GROUP

Sales Centre 1120 Kensington Rd

Register: einsteincalgary.com

23

06 AVENUE BY GROSVENOR & CRESSEY 1035 5th Ave. SW

07 SMITH BY GROSVENOR

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

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

09 LiFFT BY VERICON REAL ESTATE VENTURES liveLiFFT.com

10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca

11 SOBOW BY M2I DEVELOPMENTS CORPORATION

22 ALEX BY ASSURED COMMUNITIES

Presentation Centre: 2719 14th St. SW

23 MISSION 34 BY ASSURED COMMUNITIES

98 Mission Road SW mission34.ca

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

25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE

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

1640 17A St.

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


theroyallife.ca

OPEN DAILY NOON – 5PM, EXCEPT FRI DAYS

AT 936 1 6TH AVE SW, CALGARY

VISIT OUR PRESENTATION CENTRE AND SHOWHOME

from the mid $300s · now available

*Trademark of Embassy Bosa Inc.

MEMBERSHIP TAKES HEALTHY LIVING TO NEW HEIGHTS WITH AMENITIES THAT HAVE NEVER BEEN SEEN BEFORE IN CALGARY · A NEW STANDARD OF LIVING AT CALGARY’S MOST COVETED LOCATION

UNPARALLELED VIEWS OF DOWNTOWN AND THE ROCKY MOUNTAINS · MOUNT ROYAL CONVENIENCE INCLUDING A NEW 27,000+ SF PREMIUM GROCERY RIGHT DOWNSTAIRS · “CLUB ROYALTM*”

17 AVE SW

16 AVE SW

15 AVE SW

SHOPPING IS THIS CONVENIENT, IT TRULY IS THE ROYAL LIFE.

JUST A SHORT WALK DOWNSTAIRS. WHEN GOURMET GROCERY

THE NEIGHBOURHOOD. AND FOR RESIDENTS OF THE ROYAL,

ROYAL, URBAN FARE WILL BE THE NEW GATHERING SPACE FOR

90,000 SF OF RETAIL AND OFFICE SPACE CONNECTED TO THE

LOCAL, ORGANIC AND IMPORTED GOURMET FOOD. ANCHORING

THIS IS A FOOD LOVER’S PARADISE WITH 27,000+ SF OF FRESH,

INTRODUCING CALGARY’S FIRST URBAN FARE

9TH ST SW

rethink grocery shopping. this is the royal life.

8TH ST SW


“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

Combination of one, two and two bedrooms with den. Now Selling from

725,000* + GST

$

350,000 to $925,000* + GST

$

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

BARLOW TRAIL

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

ypnexthome.ca

S JAME

SEARCH ONLINE

W BO

FISH

RAIL

IS OF

U MARQ

E LORN

TRAIL

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

EN

E

STAR TI

THE

TIVE

S


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

condos from

$250’s

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

s

ONLY

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

Create the perfect guest room! READ THE STORY ONLINE ypnexthome.ca/Guest-room

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

Want more great articles like this delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER

READ THE STORY ONLINE

ypnexthome.ca/newsletter

ypnexthome.ca/Ikea-hacks

Twitter @ypnexthome @ypnexthome_TOR

Facebook ypnexthome

Visit our website: 72 YPNEXTHOME.CA

Instagram ypnexthome

Pinterest ypnexthome


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


Turn static files into dynamic content formats.

Create a flipbook
Calgary New Condo Guide - Sept 18, 2015 by NextHome - Issuu