Issuu

Oct 17 - Nov 14, 2014 Volume 17 Issue 11

AVALON

OFFERS A BETTER

zenlife IN OKOTOKS

INSIDE THIS ISSUE

CHBA – ALBERTA NAMES AWARD WINNERS

COMPARING OPERATING COSTS: HOUSE VS CONDO

HOUSING AFFORDABILITY, MORTGAGE RATES & YOU

FINAL PHASE NOW RELEASED

CHBA - Calgary Region

2013

Building One is sold out, and only a few units remain in Building Two. With Buildings Three and Four selling fast, we’re excited to announce the release of Building 5. Make your move today and make your dream a reality at Champagne – Calgary’s only pre-cast concrete residences with exceptional designer finishings and premium riverside locations.

790 - 1125 SQ. FT. ONE BEDROOMS FROM THE LOW $300S 1220 - 1695 SQ. FT. TWO BEDROOMS FROM THE LOW $500S Presentation Gallery - 350 Quarry Park Blvd SE Mon. to Thur. - Noon to 8pm • Fri - Closed • Sat & Sun - Noon to 5pm

remingtoncor p.com • 403.930.6900

GRAND OPENING SALES LAUNCH SATURDAY, OCT. 18 NOON-5 PM #AuburnWalk

Live the lake life at Auburn Walk. - Special launch pricing incentive

STARTING FROM

900 179,

+ GST

CONDOS + TOWNS

52 ST

201

AUBURN WALK AUBURN BAY LAKE

SETON BLVD

52 ST

DEERFOOT TRAIL

AY AV E

AUBURN BAY BLVD CRANSTON AVE

N BAY DR BUR AU AUBURN MEADOWS DR

1+2 BDRM CONDOS

- Walk to everything: future Auburn Station shopping centre next door, Auburn Lake, South Health Campus, citywide transit and more

AU B U R N

- Choose from 11 modern floorplans

STONEY TRAIL

SOUTH HEALTH CAMPUS

Visit our sales centre & show suite to learn more. SALES CENTRE & SHOW SUITE: 105 AUBURN MEADOWS DR SE REILLY LEPAGE: 403.477.1989

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

Built for real life. CARDELCONDOS.COM

SU 1, 0

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. PRICING AND AVAILABILITY IS SUBJECT TO CHANGE WITHOUT NOTICE.

NOW SELLING GABLECRAFTHOMES.COM 403 456 2329

PRESENTATION CENTRE LOCATED AT 736 1ST AVE, NE · OPEN DAILY 12 - 6PM, CLOSED FRIDAYS

1 TO 3 BED HOMES FROM $249,900

HILL

Y O U N G . E N E R G E T I C . C O N N E C T E D.

BRIDGELAND

LIFE IS BE TTE R ON TH E H I L L .

E K EN S E E EN D 0 0 0 D D 0 E M W + D 00 0 0 E 0 0 ED B 0 ED + 9 9 B 9 , B 0 9 O T , 1 B , 9 9 9, H S BED 94, ED · 1 12 34 ED · 2 24 9, · 2 JR 0 3 B B 4 2 A · 4 0 4 5 2 9 $ 00 1 3 $ 3 2 2 ·$ 3 L 0 · 1 · $2 ·$ 0 · 10 1 · 9 · $ · , 2 1 · 1 E E 5 3 SF SF 29 0 0 SF F L D E 11 SF E IT IT SF TE 5 3 3 S 0 I E 2 T $ I 4 E U 6 · 7 SU SU 89 63 33 IT S O IT U SF

SIGN ATU R E

Run date: Sept, 2014 Issue PUB: CALGARY CONDO GUIDE

OK with changes

Supply new proof with changes N OTES

Trim size: 7.5” wide x 10.5” high – Art Live Area: 6.75” wide x 9.75” high + bleed

Bridgeland_CalgaryCondoGuide_FP_Ad.ai Gable Craft Homes

FIL E N AM E

OK as is

OWN THE BEST ON THE BOW

DES KTOP ART IS T

PROJ ECT

RIVERFRONT RESIDENCES AT PRINCE’S ISLAND PARK · DISTINCTIVE ARCHITECTURE VIEWS FOREVER · UNBEATABLE DOWNTOWN RIVERFRONT LOCATION

GCH 8091

PARKSIDE COMING SOON d . m . y

08.08.14

INI TI AL S ETUP

12.08.14

SIZ E

d . m . y

DOCKE T #

1, 1+Den, 2 & 3 Bedroom Condos, Townhomes and Penthouses in Eau Claire WATERFRONT HOMES STARTING FROM $259,900 · 175 HOMES UNDER $400,000

WATERFRONTCALGARY.COM 403.536.8802 Y

The developer (Anthem Waterfront 4 Development LP) reserves the right to make changes and modifications to the information contained herein. Prices and availability are subject to change without notice. Please inquire with a sales representative for more information. This is not an offering for sale as any such offer may only be made with the applicable disclosure statement and agreement of purchase and sale. E. & O. E. PROO F

C M

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES TO THE INFORMATION CONTAINED HEREIN WITHOUT NOTICE. PRICING AND AVAILABILITY IS SUBJECT TO CHANGE WITHOUT NOTICE.

9 9,

INNER CITY

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 5

PRESENTATION CENTRE: 1120 KENSINGTON ROAD NW

4 0 3 . 2 9 0 .1 6 6 4 b a t t i s t e l l a . c a / l i d o 6 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

NOW SELLING

“Let me get

that for you.” Welcome to Smith: a boutique collection of homes in the Beltline with an on-duty concierge who signs for packages, lets friends into your home and finds countless other ways to make life easier. Add in a stylish home built by Grosvenor, a world leader in crafting special homes, and suddenly, deciding why to buy just got easier too.

HOMES FROM THE MID $200,OOOs.

15 AVE SW

17 AVE SW

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7 ST SW

Presentation Centre 2nd Floor 850 16th Ave SW M–TH 12–6pm. S+S 12–5pm 403.264.1703 smith17.com

8 ST SW

NOW SELLING:

THE BELTLINE

Living cities

This is not an offering for sale. Such offering can only be made with a disclosure statement. E.& O.E.

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 7

TABLE OF CONTENTS

Oct 17 – Nov 14, 2014 VOLUME 17 ISSUE 11

Avalon offers a better

ZEN LIFE in Okotoks

COLUMNS, NEWS & FEATURES 010 EDITOR’S NOTE COLUMNISTS

024 SAVING SPACE Embrace your small space BY SYLVIA DAOUST

052 CONTEMPLATING CONDOMINIUMS House or condo? You pay “fees” either way BY LINDA PALFI

058 HOME SWEET HOME Housing affordability, mortgage rates and your future BY LYDIA MCNUTT

062 HAPPY HOMEBUYING Energy efficiency built right in BY DONNA MOORE

064 LEGAL NOTES What does your real estate lawyer do to earn those legal fees? BY CATHERINE STARK

068 MORTGAGE MATTERS Why you should pay attention to the Bank of Canada BY ALYSSA RICHARD

070 CALGARYISM The benefits of Condo Living BY CODY BATTERSHILL

CONDO FEATURES

011 COVER STORY Avalon’s fifth Zen project a hit with buyers in Okotoks BY HEATHER RYAN

020 CONDO PROFILE Avi Urban presents dynamic collection of townhomes in Nolan Hill BY HEATHER RYAN

030 CONDO PROFILE Streetside’s Hunter House offers buyers a choice of two stylish condos BY HEATHER RYAN

054 CONDO PROFILE SoBow presents tranquil natural setting in Inglewood BY HEATHER RYAN

074 CONDO PROFILE Homes by Avi crafting stylish Street Towns in Legacy BY HEATHER RYAN

HOMEBUYERS’ HELP

016 CMHC REPORT Condo starts rise in September

032 CHBA - ALBERTA Awards of Excellence in Housing announced 049 HOMES BY AVI Homes by Avi wins provincial Multi-Family Builder of the Year award 056 IN THE NEWS New YMCA in Quarry Park named Remington YMCA 060 CHARITY Calgary Home Builders Foundation completes Camp Horizon 078 CONDO HUNTER’S CHECKLIST 079 HOMEBUYERS’ RESOURCE SECTION 082 INDEX PROJECT LOCATION MAPS

015 Satellite Communities 019 Northwest Map 023 Northeast Map 027 Southwest Map 051 Inner City 073 Southeast Map

20 PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Josh Heppner SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri ART DIRECTOR

Daiana Garay EDITOR

Lydia McNutt CONTRIBUTING EDITORS

Sara Duck Wayne Karl Elisa Krovblit DESIGN EDITOR

Yanic Simard

Media Consultant

Natalie Houghton 587.226.1313 Like us on Facebook: search: CalgaryNewCondoGuide

Production Manager

Bala Gnanapandithan Production Co-ordinator

Greg Van Sluytman Graphic Designer

Viosa Barileva

Published By

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.

Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. ADVERTISING RATES

T 587.226.1313 email natalie.houghton@wall2wallmedia.com

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.

EDITORIAL Submissions from interested parties will be considered. Please submit to susan.legge@wall2wallmedia.com

The views and data expressed by columnists do not necessarily represent those of the publication. Please recycle this magazine! Wall2Wall Media participates in the Partnerâ€™s In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two 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.

EDITOR’S NOTE

THINK YOU CAN’T AFFORD A HOME? THINK AGAIN. Much like that bank commercial that says, “you’re richer than you think,” a new home may be more affordable than you originally thought. Perhaps you only need to change your definition of “home” to get into the market. While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among first-time buyers and empty nesters in the market for new place to call “home.” Not only does condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, but when you’ve outgrown your small suite, you can often remain in the same area, since many condo communities offer a mix of designs and sizes at a variety of price points. This fall, many builders and developers are gearing up for their grand openings or have suites available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity. The condo of your dreams is waiting!

SUSAN LEGGE

EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook Search: Condo Guide

THE UP SIDE OF DOWNSIZING

LYDIA MCNUTT

EDITOR

Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets

When it comes to your home, whoever said “bigger is better” has obviously not toured a new condo lately. Builders and developers today offer smart suite layouts, and more in terms of amenities that take living well beyond your four walls. When choosing your next new home, think about how you use your space. Sure, bedrooms are a must-have – after all, we sleep away about one-third of our lives – but how do you like to spend your precious waking hours? Maybe that spare bedroom would be put to better use as a home office, or a dedicated media room for TV viewing and movie nights. Alternately, if your condo offers a theatre-style screening room as one of its amenities (as many do these days!), then maybe that spare bedroom can become a hobby room, “man cave,” or a play room for the kids. Many condos offer a roster of amenities that people who live in detached houses only dream of. How would you like to spend your summer days lounging by the pool, work up a sweat in the gym, catch up on some reading in the library, or host a swanky soirée in the party room, complete with a bar and caterer’s kitchen so your guests will never see you break a sweat? The opportunities are endless for quality “me” time, without ever leaving the comfort of home. In terms of your actual suite, spaces are thoughtfully designed and equipped to make the most of every square inch. Open-concept living areas, furniture-style cabinetry, multi-functional furnishings and hidden storage all make compact condos live larger than their square footage, ensuring the space you do have, though perhaps small, is the sweetest space of them all.

10 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

COVER STORY

AVALON’S FIFTH ZEN

PROJECT A HIT WITH BUYERS IN OKOTOKS // BY HEATHER RYAN THE HUGE SUCCESS THAT AVALON MASTER BUILDER HAS EXPERIENCED

with its ZEN projects continues with the latest offering at Westridge in southwest Okotoks. “We launched our fifth ZEN project in June, and it has already been a great success for Avalon,” says sales and marketing manager Terra Davidson. “We have just 37 homes and we’re already 40 per cent sold. “The response has been incredible because there is such a high demand for affordable, well-finished townhomes in Okotoks,” Davidson says, adding that buyers will need to act quickly, since Avalon expects to be sold out by the end of the year “ZEN is popular with buyers because it offers stylish, livable designs, well-appointed interiors and energy efficiency – all at a great price point,” she says, noting that homes at ZEN in Okotoks start in the $270,000s. “The location is also amazing,” Davidson says. “Westridge is a wellestablished community with large trees and pathways, and it’s super

convenient, being within walking distance of everything you need such as groceries, coffee shops, restaurants and services.” Construction is underway on ZEN in Okotoks, which offers a mix of single-level garden homes as well as two-storey townhomes with drive-under single- or doublecar garages, ranging from 1,017 to 1,270 sq. ft. The designs and affordability appeal to first-time buyers, those looking to move up from apartment condos who desire more square newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 11

footage and outdoor space, people who are downsizing, and empty-nesters who are seeking a maintenancefree lifestyle. The single-level garden homes feature an urban walk-down style with two bedrooms and two full bathrooms, in-floor heating and a private patio. The two-storey townhomes offer two- and three-bedroom options with private, fenced backyards. All the homes present a modern, open-concept design with quality features, and buyers can choose from two designer colour packages as well as some upgraded options that will allow them the opportunity to individualize their homes. Avalon is also an energy-efficient builder, so every home is EnerGuide rated and uses quality products that offer increased durability and energy efficiency. Buyers also have the option to participate

All the homes present a modern, openconcept design with quality features, and buyers can choose from two designer colour packages as well as some upgraded options that will allow them the opportunity to individualize their homes in Holmes Approved Homes which involves numerous inspections to ensure Mike Holmes’ high standards. The homes at ZEN in Okotoks will also have eye-catching exteriors with Prairie elevations and durable Hardie panels that replicate the look of stucco, and fit in nicely with the architectural style of the community. Residents will love the location, right next to a park and a convenient walk to a wide range of amenities. They also have easy access to Hwy. 2 and Deerfoot and McLeod Trails for a quick commute to the south end of Calgary. “It a great fit for first-time buyers because of the affordability, and for people with an active lifestyle because of the nearby amenities,” Davidson says. “Okotoks offers small-town living, yet it has a variety of big city retailers all close by so it’s easy to go from store to store. And it’s close to Calgary – about a 15-minute drive to the South Health Campus and the Seton Urban District – for work.” To learn more about ZEN, visit the sales centre in Okotoks, open Monday to Wednesday, 2 to 8 p.m.; and weekends and holidays, noon to 5 p.m.; closed Thursday and Friday. Visit zeninbalance.com. Avalon is also offering a special incentive for buyers at ZEN in Okotoks, allowing buyers – who want to purchase at today’s pricing, but don’t have the full down payment available – to buy now and make the five-per-cent down payment over the next six months. For more information ask the sales representative. newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 13

IN G IC O

LIFESTYLE

AND

EC O

N ST R

U C

VALUE WITHOUT

BOUNDARIES STARTING AT

$299,900

INCL

GST

OWN YOUR

VANTAGE TOWNHOME FOR AS LITTLE AS

$1000 DOWN Ask sales representative for details.

OVER 25% SOLD

IN THE FIRST WEEK

3 FIRESIDE GATE, COCHRANE, AB Y2 HW

TO HIGHWAY 1A

TO TRANS CANADA HIGHWAY 1

T OY WB CO

FIRES

limits. The superior design of Vantage Fireside townhomes

FIRESIDE BLVD

TE E GA

Life shouldn’t be about

can accommodate every part of your lifestyle. And starting at $299,000 with as little as $1,000 down means home ownership is a reality.

14 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

FIND OUT MORE AT VANTAGEFIRESIDE.COM OR CALL (587) 362-4036

CALGARY’S SATELLITE COMMUNITIES 22

20 SUNSET BY JAYMAN INNOVATIONS

AIRDRIE 04

10 12

24 Sunset Rd. Cochrane, Alberta

AIRDRIE

02 03 01 COCHRANE 08

09 CREEKSIDE VILLAGE BY CARLISLE GROUP

8th & MacKenzie Way Airdrie, Alberta

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

CALGARY

CHESTERMERE

797 LANGDON

22X

1225 King’s Heights Way SE Airdrie, Alberta

11 THE EDGE BY STREETSIDE DEVELOPMENTS

604 East Lake Blvd N.E. Airdrie, Alberta

12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST BLACK DIAMOND

22X

2802 Kings Heights Gate

13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS

OKOTOKS

546

TURNER VALLEY

543

Coming Soon to Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com

15 CHESTERMERE TOWNHOMES BY SLOKKER CANADA WEST

22 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 1178 Clydesdale Way, Cochrane, Alberta

03 THE RISE BY JAYMAN MODUS Coming Soon

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

05 STONE CREEK LANDING BY CARLISLE GROUP 103 - 5th Avenue, West, Cochrane, Alberta

#300 Marina Drive, Chestemere

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

17 ZEN OKOTOKS BY AVALON LETHBRIDGE MASTERBUILDER

www.zeninbalance.com

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

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

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 15

CMHC REPORT

CONDO STARTS RISE IN SEPTEMBER THE TREND MEASURE OF HOUSING STARTS in

Canada was 197,747 units in September compared to 191,095 in August, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The increase in the trend reflects stronger starts activity since April, largely concentrated in multi-unit dwellings including condominiums,” says Bob Dugan, CMHC’s chief economist. “However, the currently elevated level of condominium units under construction supports our view that condominium starts should trend lower over the coming months.” CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations, analyzing only SAAR data can be misleading, as they are largely driven by the

16 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

multi-unit segment of the market which can be quite variable from one month to the next. The standalone monthly SAAR was 197,343 units in September, up modestly from 196,283 in August. The SAAR of urban starts increased to 177,019 in September, from 176,234 in August. Multiple urban starts in September increased to 114,579 units while the single-detached urban starts segment decreased to 62,440 units. In September, the SAAR of urban starts increased in the Prairies, Ontario and Quebec, and decreased in British Columbia and Atlantic Canada. Rural starts for the month were estimated at a SAAR of 20,324 units. As Canada’s national housing agency, CMHC draws on more than 65 years of experience to help Canadians access a variety of high-quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions.

TIME IS RUNNING OUT!

ONLY 10

OPPORTUNITIES

REMAIN!

get more for your money like more home, more river views and a more relaxed lifestyle

AWARD-WINNING TOWNHOMES WITH WALKOUT BASEMENTS OVERLOOKING THE BOW RIVER

TWO SHOWHOMES 10 & 12 RIVIER A WAY, COCHR ANE, AB

Jayman.com/RiverReach RiverReach@Jayman.com T. 587.362.3281

• 2,020 SQ.FT. FLOORPLANS • LUXURY INTERIORS

• IMMEDIATE POSSESSIONS • GOURMET KITCHENS • RELAXING, MAINTENANCE-FREE LIVING

• RIVERSIDE PATHWAYS AND SCENIC FOREST VIEWS

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newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 17

NORTHWEST

Final Phase of Condos NOW SELLING!

CHBA - Calgary Region

Celebrating 2011 25 Years

2012

Perfect Location in Varsity 15 Minutes to Downtown Steps Away from Dalhousie LRT Station Concrete & Steel Construction Private Penthouse Health Club Underground Heated Parking 1, 2 & 3 Bedroom Suites Now Available 780 Varsity Estates Dr NW Calgary, AB T3A 1W9 Telephone: 403.286.8143 | www.grovesofvarsity.com Call today for your appointment

NORTHWEST COMMUNITIES CENTRE STREET 16

AIL E

FO OT TR A

32 Ave

16 AVENUE

ME M O R I AL

17 Ave

04 WILLOW AT SHERWOOD BY AVI URBAN BLACKFOOT TRAIL

Coming Soon Visit Sales Centre at 64 Nolan Hill Gate

37 STREET

IV E

36 STREET

06 TRINITY BY JAYMAN MODUS 9 Nolan Hill Blvd. NW

10 SAGE PLACE BY CARDEL LIFESTYLES

Now Open Show suite 175 Panatella Hill NW

GLENMORE RESERVOIR

BARLOW TRAIL

Sales Centre Now Open 3503 Sage Hill Drive NW

22 AVIRA BY JAYMAN MODUS

MacLEOD TRAIL

03 VIRIDIAN BY TRICO HOMES

ELBOW DRI

RE T BY BUCCI RAIL Presentation Centre opening soon at 2nd Ave and 10th St. NW

SARCEE TRAIL

69 STREET

85 STREET

175 Panatella Hill NW 02 KENSINGTON GLENM O

Sales Centre 1120 Kensington Rd Coming Soon

16 AVENUE

01 PANORAMA WEST BY CARDEL LIFESTYLES

21 LIDO BY BATTISTELLA

CALGARY INTERNATIONAL AIRPORT

64 Ave

OLD BANFF COACH ROAD

Sales Centre Now Open

CENTRE STREET

AIL ENU

NOSE HILL PARK

19 916 BY SABLE DEVELOPMENTS

IL N

14 STREET

AG AN SH

SE NO

Y TR

16 A V

14 ST RE ET

TRA

DIN GTO N

881 Sage Valley Boulevard www.sonomasagehill.com

BED

18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES

01 . BLVD

LS Y HIL UNTR

HN CR LA O UR 14 WC IE HI BLV LD D. TR AIL

17 BROWNSTONES BY GENESIS BUILDERS GROUP

STONEY TRAIL NW

16 Sage Meadows Circle NW

NA PI

R. LD HIL

E STON

5353 Crowchild Trail NW

EDMONTON TRAIL

STONEY TRAIL NW

15 THE GROVES OF VARSITY BY STATESMAN HOMES

HA RV BLVEST H D N ILLS E

COUNTRY HILLS BLVD.

PANORAMA ROAD NW.

10 18 17 03 SY MO NS VA LLE 06 YR D. 04

85 ST. NW

ROCKY RIDGE BLVD.

144 AVE NW.

14 UNIVERSITY CITY BY KNIGHTBRIDGE

SOUTHLAND DRIVE ANDERSON ROAD

DEERF

OOT T

W BO

CRE

AIL

VITT

McKE

TR OD

LE Mac

S JAME

SHAWNESSY BLVD.

EK P ARK

M TTO BO

FISH

RAIL

IS OF

U MARQ

E LORN

TRAIL

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 19

CONDO PROFILE

AVI URBAN

presents dynamic collection of townhomes in Nolan Hill // BY HEATHER RYAN

dynamic collection of townhomes, that presents stylish designs enhanced by customer input with a focus on outdoor living, is being crafted in the picturesque northwest community of Nolan Hill. Avi Urban, the multi-family division of Homes by Avi, is crafting The Post at Nolan Hill which is appealing to buyers looking for quality, space and value. This stunning collection of townhomes “is being well received by buyers and sales are strong,” says Avi Urban’s president, Charron Ungar, adding that buyers are excited with the latest release of townhomes that offers fall 2014 possession dates. “The Post brings together the most current design concepts that our team has been working on, combined with our take on colonial architecture and improved upon by the valuable feedback of our Avi Urban homeowners,” Ungar says. “Improvements and innovations to look out for are the biggest decks and patios we have ever built, a tree and shrub count that is off the charts, and an exterior that is one of the best I think we have ever done.”

20 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

“People collect stuff – from cars to gadgets – which is easily accommodated at The Post,” he says. “We are providing each of our 59 townhomes room for three cars – a great space for storing all your things, whether they are cars or not. “The homes at The Post are designed to bring together traditional exteriors with modern interiors that reflect how our homeowners live, creating a place that will become one of Calgary’s most sought-after addresses,” Ungar adds. The three-storey townhomes will be located in seven buildings

and feature two-car attached garages with full driveways, and offer buyers a choice of six different floor plans with two- and three-bedroom options available, ranging from 1,130 to 1,400 sq. ft. These well-appointed homes come standard with nine-ft. ceilings on the main floor, contemporary mix-and-match interior finishes, and quality features throughout. The Post also presents gorgeous colonial architecture styling with mixed exterior finishes like brick and James Hardie siding, oversized windows and brightly coloured front doors adding character and value to the development. Residents love that outdoor living is in abundance with the townhomes being built around a lushly landscaped central courtyard (an Avi Urban signature in many of its developments), which features well-lit pathways, benches, local foliage, and open green space for community barbecues or outdoor activities. As well, The Post borders a large community park complete with an idyllic pond. “Avi Urban’s goal is to offer homeowners the ultimate in comfort and function in its townhome developments, bringing an urban aesthetic to a livable product,” Ungar says. “Our team has worked hard in developing a community focused around great architecture and a highly livable and inviting landscaped area,” he says. “It speaks to our continued effort to ensure Avi Urban carries the highest value statement in the marketplace.” A key attraction to The Post is its location – close to

several major routes including Stoney, Sarcee and Shaganappi Trails, offering ease of access to downtown, the airport, points across the city, and out-of-town to the foothills and mountains. Residents also have the Symons Valley Ranch Farmers’ Market within walking distance and open year-round, easy access to great shops, services, groceries and more at nearby Beacon Hill and Creekside centres, and CrossIron Mills mall is just a short drive away. For more information about The Post, visit the sales centre at 64 Nolan Hill Gate N.W., which is open Monday to Thursday, 2 to 8 p.m.; and weekends and holidays, noon to 5 p.m. Call 403.536.7290 or visit aviurban.com/thepost.

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 21

NORTHWEST

METIS TRAIL

NORTHEAST COMMUNITIES

52 STREET

CALGARY INTERNATIONAL AIRPORT

64 Ave

CENTRE STREET 12 AVENUE

Now Open Register: einsteincalgary.com

RIVE

36 STREET

17 Ave

52 STREET

BLACKFOOT TRAIL

ELBOW DR IVE

13 V&V BY PROVIDENCE GROUP

RIAL D

MEMO

02 43 PARK BY VERICON REAL ESTATE VENTURES

MacLEOD TRAIL

43park.ca

DEERF

52 STREET

BARLOW TRAIL

GLENMORE TRAIL

ANDERSON ROAD

114 AVE SE

OOT T RA

W BO

NEW BRIGHTON

AIL

D TR

VITT

McKE

LEO

Mac

S JAME

IL TRA

EK P ARK

TTO BO

CRE

SHAWNESSY BLVD.

Coming Soon www.arrivehome.ca

16 AVENUE

SOUTHLAND DRIVE

FISH

07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP

17 Ave

GLENMORE RESERVOIR

104 Redstone View (off Redstone Way)

64 Ave

32 Ave

03 04 MEMO 02 01 RIAL D RIVE

Coming Soon bridgelandcrossings.com

06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP

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

TR A

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

MARQ

CHAPARRAL CRANSTON

AIL

NE TR

LOR IS OF

COPPERFIELD

ABURN BAY

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 23

SAVING SPACE

// BY SYLVIA DAOUST

10 ways to embrace your

SMALL SPACE

o, you’ve made the move and are living in a lot less square footage. The luxury of stashing the excess in your basement or two-car garage is a thing of the past, and now you’re wondering where to put it all. Here are some room-expanding tricks that will help you embrace the challenge of your small space! 1. Create space. Don’t push your furniture up against a wall, with the hope that you’ll gain space. Instead, place pieces at angles to let the room breathe and allow good flow.

Sylvia Daoust, owner of Niche Small Space reDesign, is one of Calgary’s only professional organizers with expertise in small spaces. She is renowned for simplifying homes and offices with mini renovations, redesigned rooms and tricky organization projects. Join her blog, nicheredesign.com/blog/ where smart solutions transform challenging spaces every week! Follow Sylvia on Facebook.com/nichedesignsinc and Twitter@SylviaDaoust

2. Flexible furniture: There are so many sleek table designs out there. A fold-down table or one that is extendable is a smart choice for small spaces. 3. Mobile office: Sometimes all you need to create an “office” space is a wall-mounted desk and stool placed in the corner of your living room or on a landing area. 4. Multi-purpose: Your large furniture pieces, like an armoire and dresser, take up too much valuable floor space. Invest in a bed with storage drawers underneath, and clear out-of-season clothing from your closet to free up some space. 5. Maximize vertical space. Just by adding a few extra shelves to your closets and cupboards, you can double your storage area. 6. Space savers: Swing-arm sconces by the bedside are great space savers. There’s no need for bed-side tables when lighting is mounted to the wall!

The luxury of stashing the excess in your basement or two-car garage is a thing of the past, and now you’re wondering where to put it all

7. Store outside the box. Be willing to store items in unusual places. Who says the seldom-used serving dishes can’t find a home in an under-bed box? 8. Go modular. Cube-like furniture pieces can be configured in endless ways to provide storage in little nooks and crannies. 9. Back-to-back: Placing a storage piece like IKEA’s Expedit unit behind a love seat horizontally gives you a ton of storage without taking up more floor space. 10. Your décor: Clean, crisp colours, good lighting, and a few mirrors can work wonders to make your place feel more spacious.

24 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

TO T H E N E W N O R T H

ARRIVE ARRIVE SUSTAINABLY AHEAD Take pride in owning an Arrive townhome because it’s built environmentally responsible responsible – and – and love love it because it because it can it can save save youyou money. money. OurOur multi-family townhomes units feature feature spacious spacious floor floor plans plans with with 2 to2 4tobedrooms; 4 bedrooms, all include 2.5 baths, laminate an essential flooring, 2.5 baths, and an attached essential garage, heated attached with full depth garage, driveway. with full depth driveway.

VISIT OUR 4 SHOWHOMES FEATURING 2 NEW MODELS! DE ER N

REDSTONE DR

METIS TRAIL

REDSTONE ST

SKYVIEW RANCH MANOR

REDSTONE STREET

SHOWHOME HOURS MONDAY TO THURSDAY 2PM TO 8PM FRIDAY TO SUNDAY 12PM TO 5PM SHOWHOME MON TO 2PM TO 8PMNE FRI TO SUN 12PM TO 5PM SHOWHOME ADDRESS FOR BOTHHOURS LOCATIONS 104THURS REDSTONE VIEW (OFF REDSTONE WAY) SHOWHOME ADDRESS 104 REDSTONE VIEW NE (OFF REDSTONE WAY) 64 440033 22 6 4 88996633 A R R I V E H O M E .C A

A R R I V E H O M E .C A

STONEY TRAIL

SKYVIEW RANCH BLVD

STONEY TRAIL

REDSTONE DRIVE

REDSTONE WAY

SKYVIEW RANCH RD

128 AVE

$300’s

COUNTRY HILLS BLVD

$300’s

AT SKYVIEW RANCH ARBOURS

AIL

REDSTONE WAY

AT SKYVIEW RANCH ARBOURS

FROM NEW COMMUNITY THE COMING SOON!

DEEMETIS TRAIL R TRAFOOT IL

COUNTRY HILLS BLVD

FROM THE

128 AVE

AT REDSTONE

SOUTHWEST IN PARTNERSHIP WITH:

Some things in life are worth waiting for.

PRESENTATION CENTRE NOW OPEN West 85th | 2118, 8561 - 8A Avenue SW

w | www.LiveAtWest85.com

TR AIL PI NA SH AG AN

DR . HIL L NO SE

AIL EY TR STON

NOSE HILL PARK

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

CALGARY INTERNATIONAL AIRPORT

64 Ave

16 AVENUE

SARCEE TRAIL

TRA

IV E 03 OVATION

BY INTERGULF CIDEX

36 STREET

03 17 Ave

05 11

#2105, 99 Spruce Place S.W.

04 THE LANDINGS BY STATESMAN

771 Patrick St. S.W.

05 OVERTURE BY JAYMAN MODUS

Sales Centre Now Open in Currie Barracks

06 SAWYER SILVERADO BY AVI URBAN 175 Silverado Blvd S.W.

07 GLAS BY AVALON

GLENMORE RESERVOIR

BARLOW TRAIL

ORE

MacLEOD TRAIL

1020 194th Ave S.W. www.hunterhouseliving.com

ME M O R I AL

37 STREET

GLE

69 STREET

85 STREET

01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 16 AVENUE

BLACKFOOT TRAIL

OLD BANFF COACH ROAD

32 Ave

EDMONTON TRAIL

14 STREET

ENU

ELBOW DRI VE

16 A V

CENTRE STREET

SOUTHWEST COMMUNITIES

SOUTHLAND DRIVE ANDERSON ROAD

DEERF

OOT T

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CRE

Presentation Centre: 2719 14th St. SW

09 MISSION 34 BY ASSURED COMMUNITIES

11 JUNO BY AVI URBAN

AIL

194 AVE

AIL D TR LEO SHERIFF KING ST. SW

VITT

McKE 01 06

Mac

S JAME

SHAWNESSY BLVD.

08 ALEX BY ASSURED COMMUNITIES

98 Mission Road SW mission34.ca

EK P ARK

TTO BO

FISH

RAIL

2712 17th St. SW

IS OF

U MARQ

E LORN

TRAIL

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

12 EIGHTY5NINE BY VERTICAL PROPERTIES

882 - 85 Street SW eighty5nine.com

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 27

CELEBRATING SUCCESS

WALL2WALL MEDIA would like to congratulate all of the 2014 CHBA–Alberta Awards of Excellence Finalists

WALL2WALL MEDIA is proud to once again be a Gold Sponsor of the CHBA–Alberta Awards of Excellence in Housing

Downsize, Don’t downgrade. Find out what’s cooking at Hunter House! With high-end finishes, quartz countertops, and stainless steel appliances, stacked bungalows at Hunter House set a new standard for living in southwest Calgary. Not to mention a gorgeous new kitchen that’s sure to impress your dinner guests. Townhomes from the $390’s and Stacked Bungalows from the $500’s.

Check out HunterHouseLiving.com for more information. Visit our showhomes at 220 Silverado Plains Park SW Call us at 403.240.4664

CONDO PROFILE

STREETSIDE’S HUNTER HOUSE offers buyers a choice of two stylish condos // BY HEATHER RYAN

pacious floor plans, a luxurious finishing package and a great location are among the many reasons that buyers are choosing Hunter House in Silverado. Streetside Developments is well into construction on Hunter House, a fabulous community in southwest Calgary that offers buyers a choice of two stylish multi-family options – townhomes or stacked bungalows – with double-car garages. “We just relaunched the project in the spring and it’s selling exceptionally well,” says lead sales

consultant Karen Payne. “We’re close to 50 per cent sold in the townhomes and the stacked bungalows are selling about the same. “What people really like about these homes is that they offer full-sized double-car garages, which means they’re nice and wide, so the rooms are spacious,” she says. There are two different townhome floor plans with three variations of each, ranging in size from 1,486 to 1,509 sq. ft. with three bedrooms (there is also an optional dual master bedroom design), two and half bathrooms, flex space on the garage level, and prices starting from the $390,000s. “These townhomes are ideal for first-time buyers and young couples or families, but we’re also seeing a number of empty-nesters and people who are downsizing and looking for good value, lots of space and maintenancefree living,” she says. “They love the size of the rooms and they like that it’s not your typical townhouse development. They have the look and feel of single-family homes. “One of the plans is more of an open-concept design with nine-ft. ceilings on the main, while the other plan is split level, so the living room is

30 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

a little more separated as it’s down a few stairs from the kitchen, dining room and terrace,” Payne adds. “The split-level design also gives the living room 14-ft. vaulted ceilings and extra windows, so it’s nice and bright.” The townhomes offer high level finishings including laminate flooring, tile in the laundry and bathrooms, granite or quartz countertops in the kitchen, expansive islands or peninsulas with breakfast bars, maple cabinetry, full-height backsplash and stainless steel appliances. Upstairs, the master bedrooms are generously sized with full ensuites. The plan with the two secondary

bedrooms has a full bathroom for the kids to share, while the double master bedrooms each come with an ensuite and walk-in closets. Buyers can also personalize their homes by choosing from three designer colour boards and numerous upgrades available, such as engineered hardwood floors and a fireplace. The stacked bungalows range from 1,406 to 1,670 sq. ft. and feature an office, two bedrooms and two bathrooms starting from the low $500,000s. “The stacked bungalows offer single-level living with a lower- or upper-home option, and are perfect for empty-nesters, downsizers and retirees. Purchasers like the higher end finishings that include hardwood floors, tile in the kitchen, baths and laundry, and granite throughout,” Payne says. “The upper-level home offers an open-concept living space with two large terraces perfect for summer entertaining! The lower-level home features an extra-large island in the kitchen and patio off the dining area.” Residents can expect Hunter House to be “beautifully landscaped with a large number of green areas,” Payne says, and they can enjoy parks and pathways in Silverado, as well as nearby Fish Creek Park and Spruce Meadows. “Hunter House also offers a great location within walking distance to neighbourhood conveniences and just minutes from shops, services, restaurants and the park ’n’ ride at Shawnessey,” she says. “There is also phenomenal access to major routes, such as Stoney Trail and Macleod Trail.” For more information on Hunter House visit the showhomes, open Monday to Thursday from 1 to 7 p.m.; and Fridays, weekends and holidays from noon to 5 p.m. Call 403.240.4664, or visit hunterhouseliving.com. newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 31

IN THE NEWS

CHBA - ALBERTA announces winners of Excellence in Housing

THE CANADIAN HOME BUILDERS’ ASSOCIATION – ALBERTA (CHBA – Alberta) recently announced the winners of the 2014 Awards of Excellence in Housing. The awards were presented Sept. 19 at BUILD 2014, CHBA – Alberta’s annual conference, held at Fairmont Jasper Park Lodge. Calgary’s Albi Homes won the Ralph Scurfield Builder of the Year Award in the large volume category, sponsored by RBC Royal Bank. Ashcroft Master Builder in Lethbridge was named Builder of the Year in the small-volume category, sponsored by Travelers Canada. The multi-family Builder of the Year Award winner was Homes by Avi for projects in Calgary and Edmonton. The award was sponsored by the Alberta New Home Warranty Program. Builder of the Year Awards are presented for the best overall score in the competition. Points are awarded for reaching the finals in each category and how each home ranked among the top three. The builder then earned points for safety, customer satisfaction survey results, and volunteerism. The builder with the most combined points was declared the winner. Awards were also presented in 23 categories to Alberta’s top home builders, renovators and community developers. A total of 22 companies won awards. Projects by CHBA – Calgary Region members won 10 awards, followed by nine from Edmonton Region, three in Central Alberta Region and one in Lethbridge. Some factors considered in the judging are curb appeal, layout, functionality, finishes, special features and value. “The depth and diversity of Alberta’s residential construction industry was demonstrated by the number of companies winning awards from around the province. Our members are competing to meet the differing needs and 32 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

preferences of customers, whether they want a singlefamily home, townhome, duplex, apartment, or to renovate their current home. Winning entries ranged from under $245,000 to more than $1.75 million,” said Jim Rivait, chief executive officer of CHBA – Alberta. “Picking the best from a record 417 entries was a challenge for our 156 judges. Albertans will be impressed by the outstanding work of our members when they check out the show homes.” CHBA – Alberta is also proud to honour winners of the Safety Leadership Awards, sponsored by ATCO Gas. Companies are demonstrating leadership by sharing safety information with other industry members, making safety manuals available to staff in the field via smartphones, and empowering workers to take charge of their own safety through regular reviews. CHBA – Alberta is the voice of the residential construction industry in the province. It represents more than 1,500 business members including newhome builders, renovators, developers, trade and supply companies, and professional services. Visit chbaalberta.ca.

presented by

Alberta Canadian Home Builders’ Association

Canadian Home Builders’ Association - Alberta The Canadian Home Builders’ Association – Alberta (CHBA – Alberta) is pleased to present this special publication saluting the 69 finalists and winners of the 2014 CHBA – Alberta Awards of Excellence in Housing. Builders, renovators and developers submitted a record-breaking 417 entries for recognition as Alberta’s best. The Safety Leadership Awards also attracted a strong field of entrants who are finding new ways to protect workers. The homes and communities chosen as finalists demonstrate the strength of Alberta’s residential construction industry and the pride members take in their work. Our thanks to the members of the cost-review committee and the 156 industry members who volunteered to judge the entries. This year we celebrate the winners of 23 individual categories plus Builder of the Year Awards for the top multi-family and small-volume builders and the Ralph Scurfield Award to the top large-volume builder. The awards have come a long way since they were first presented in 1984 and were limited to entry-level homes priced under $39,000. In 2014 the awards recognize excellence in the wide range of products offered by our members: single and multi-family homes at all price points, home renovations, and community developments. CHBA – Alberta is proud to congratulate the finalists and winners of the 2014 CHBA – Alberta Awards of Excellence in Housing and we cordially invite consumers to check out the impressive homes in person.

Stephen Amonson

President CHBA – ALBERTA The Canadian Home Builders' Association – Alberta represents over 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services.

SINGLE FAMILY under $245,000 SPONSORED BY CANADA MORTGAGE & HOUSING CORPORATION

URBANAGE HOMES

D18-Modern | Edmonton

FINALISTS: Homes by Avi | Tristan | Edmonton ReidBuilt Homes | Sage | Calgary

SINGLE FAMILY $245,000 - $260,000 SPONSORED BY BLANKET HOME WARRANTY

FALCON HOMES Cove | Sylvan Lake

FINALISTS: Daytona Homes | Scion | Edmonton Rococo Homes | Cottonwood | Spruce Grove

SINGLE FAMILY $260,000 - $290,000

SPONSORED BY ROBINSON LIGHTING & BATH CENTRE

JAYMAN

Renew | Calgary

FINALISTS: Daytona Homes | Concorde | Edmonton White Eagle Homes | Willow | Edmonton * Single Family and Estate Home categories do not include lot or GST

SINGLE FAMILY $290,000 - $310,000 SPONSORED BY HUNTWOOD CUSTOM CABINETS

CALIBER MASTER BUILDER Elmwood | Edmonton

FINALISTS: Parkwood Master Builder | Avalon | Edmonton San Rufo Homes | Anthony | St. Albert

SINGLE FAMILY $310,000 - $340,000 SPONSORED BY EMPIRE DRYWALL

ASHCROFT MASTER BUILDER Griffin | Lethbridge

FINALISTS: Brookfield Residential | Belvedere | Calgary Vesta Properties | Brighton | Airdrie

SINGLE FAMILY $340,000 - $370,000 SPONSORED BY TRANE

SAN RUFO HOMES Nicholas II | St. Albert

FINALISTS: Ashcroft Master Builder | Marpole II | Lethbridge Falcon Homes | Brighton | Sylvan Lake

SINGLE FAMILY $370,000 - $410,000 SPONSORED BY CALGARY HERALD & EDMONTON JOURNAL

STEPPER CUSTOM HOMES Conrad | Calgary

FINALISTS: Pacesetter Homes | Gabriel | Edmonton White Eagle Homes | Sandstone | Edmonton

SINGLE FAMILY $410,000 - $490,000 SPONSORED BY MASCO CANADA

VESTA PROPERTIES Ashley | Airdrie

FINALISTS: Estata Developments | Mardaloop I | Calgary Vicky's Homes | Cruz | Edmonton

SINGLE FAMILY $490,000 - $600,000 SPONSORED BY AVIVA CANADA/NATIONAL HOME WARRANTY GROUP

VICKY'S HOMES Brooke I Edmonton

FINALISTS: San Rufo Homes | Kaitlyn | St. Albert UrbanAge Homes | Copperwood | Edmonton

BUILDER OF THE YEAR SMALL VOLUME SPONSORED BY TRAVELERS CANADA

ASHCROFT MASTER BUILDER Lethbridge

FINALISTS: Perry Signature Homes | Edmonton San Rufo Homes | St. Albert

BUILDER OF THE YEAR MULTI-FAMILY SPONSORED BY THE ALBERTA NEW HOME WARRANTY PROGRAM

HOMES BY AVI Alberta

FINALISTS: Qualico Group of Companies | Alberta Jayman Group of Companies | Alberta

BUILDER OF THE YEAR RALPH SCURFIELD SPONSORED BY RBC ROYAL BANK

ALBI HOMES Calgary

The Ralph Scurfield Builder of the Year Award is named for the late industry pioneer who founded Nu-West Homes and went on to become one of Calgary and Albertaâ€™s leading citizens and entrepreneurs. The award is sponsored by RBC Royal Bank and presented to a large volume builder. The Builder of the Year award is presented for the best overall score in the 2014 awards competition. To win the prestigious award, builders were awarded points for every entry that placed in the top three in individual categories. They also earned points for having a certificate of recognition in safety. Points are also awarded based on their customer satisfaction survey results. Finally, builders have the opportunity to earn points for volunteerism. The builder with the most combined points wins.

BUILDER OF THE YEAR

CHBA-Alberta would also like to acknowledge the following builders who performed exceptionally well in this year's competition

FINALISTS:

Daytona Homes | Edmonton Falcon Homes | Sylvan Lake

ESTATE HOME $600,000 - $800,000 SPONSORED BY GEM CABINETS

VAN MANNA HOMES

Campbell Residence | Calgary

FINALISTS: Brad-Mar Homes | Elbow Valley West Residence | Calgary Signature Homes | Sedona II | Lethbridge

ESTATE HOME $800,000 - $1,000,000 SPONSORED BY CAN-CELL INDUSTRIES

PERRY SIGNATURE HOMES Chelsea | Edmonton

FINALISTS: Albi Homes | Elgin Estates Residence | Calgary Albi Homes | Sorano | Calgary

ESTATE HOME $1,000,000 - $1,750,000 SPONSORED BY WALL2WALL MEDIA

SORENTO CUSTOM HOMES Ridgewood | Red Deer

FINALISTS: Albi Homes | Monticino 4 | Calgary Perry Signature Homes | Augusta | Edmonton

Modus Booklet OCTOBER 2014.indd 1

10/7/2014 2:33:25 PM

LIFE HAPPENS ON THE INSIDE. So youâ€™re looking for a condo or townhome that fits your life. Take a moment to think about this. Modus offers more choice in Alberta than any other multi family builder. The largest combination of interior options, amenities, models, building styles, communities, cities, price points and services. With choices like this your new home is really only limited by your imagination.

SO BUILD YOUR HOME AROUND YOUR LIFE NOT THE OTHER WAY AROUND.

Modus Booklet OCTOBER 2014.indd 2

10/7/2014 2:33:27 PM

W I T H M O D U S YO U G E T: ■■■

........................................................... a solid and thoughtfully designed product based on 30 plus years of industry experience.

■■■

the best in industry interest rates.

■■■

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.

■■■

one year jayman service warranty.

■■■

to save money on legal fees.

Modus Booklet OCTOBER 2014.indd 3

10/7/2014 2:33:28 PM

Buying a home is possible!

ASK US

about the Jayman Modus Down Payment Savings Program The Jayman Modus Down Payment Savings Program is an opportunity to continue saving money towards your down payment while your home is being built. Program suitable for Pre-Sale homes and homes with 6 month + occupancy. Example. Purchase October 2014 with occupancy May 2015 Purchase Price

330,000 plus GST 16,500 (GST) 5,940 (Rebate if applicable) 340,560 5% down $17,028

Payment Structure

1000 7,514

Deposit Hold October 2.5% (consolidation - approximately 10 days)

Remaining 8,514 staggered monthly until last payment 45 days prior to possession November 1702.80 December 1702.80 January 1702.80 February 1702.80 March 1702.80

Modus Booklet OCTOBER 2014.indd 4

10/7/2014 2:33:30 PM

Modus Booklet OCTOBER 2014.indd 5

10/7/2014 2:33:33 PM

FROM

OUR

SHOWROOM

VIEW AND COMPARE MODELS WITH OUR NEXT GENERATION TOUCHSCREEN TECHNOLOGY

EXPERIENCE THESE NEW TECHNOLOGICAL A D VA N C E S I N T H I S M O D U S C O M M U N I T Y:

Located on Evanspark Blvd

Modus Booklet OCTOBER 2014.indd 6

10/7/2014 2:33:36 PM

TO YOUR LIVINGROOM

BUILD A MODEL OF OUR HOMES RIGHT BEFORE YOUR EYES WITH OUR INCREDIBLE NEW AUGMENTED REALITY APPLICATION

DOWNLOAD THE APP HERE:

modusmatrix.com DOWNLOAD THE APP TO YOUR PHONE OR TABLET & SCAN THIS AD FOR AN UNREAL HOMEBUYING EXPERIENCE.

Modus Booklet OCTOBER 2014.indd 7

10/7/2014 2:33:38 PM

84% Sold Out

MOVE IN NOW

Move in Fall ‘15

Building 1 70% Sold Out Building 2 40% Sold Out Building 3 Not Released

3 bedroom townhomes with double car garage

Signature Residences + Luxury Penthouses

Premium Extra Wide Ravine Cul-de-sac Townhomes Now Available

Upscale City Living at its Finest 1-3+ bedroom condos (3 buildings)

featuring:

• 1578–1638 sq ft extra wide ravine view homes • Almost all homes have south facing decks • Double master options • Open concept • 9’ ceiling • Flex space on lower level • Stainless steel appliance package • Washer & dryer

• 870 sq ft – 2543 sq ft • Airy 10’ ceiling heights • Upscale premium finishes; quartz waterfall countertops, 5” hardwood flooring, tile flooring, KitchenAid stainless steel high end appliances • AC • up to 512 sq ft decks on floors 1-3; up to 1347 sq ft decks on 4th floor • Underground heated garage

from

$430’s

+GST

9 Nolan Hill Blvd NW

Modus Booklet OCTOBER 2014.indd 8

$470’s to $1.7m++GST

from

Currie Barracks Sales Centre 2953 Battleford Avenue SW

10/7/2014 2:33:50 PM

48% Sold Out

MOVE IN NOW

C O

52% Sold Out

Move in 2015

2 & 3 bedroom townhomes with garage

1+ den & 2 bedroom condos

The Ultimate in Choice all within a Four Season Lake Community featuring: • 1170 sq ft – 1649 sq ft • 9’ ceilings on main floor • Single, tandem and double heated garage • Flex room on select homes • Stainless steel appliances • 2.5 bath • 3 interior color palette choices • Washer & dryer

from

$330’s

+GST

211 Mahogany Way SE

Modus Booklet OCTOBER 2014.indd 9

featuring: • 5 7 floor plans • 622 sq ft – 1040 sq ft • 9’ ceilings • Engineered laminate flooring • Ceramic tile flooring • Granite countertops • Stainless steel appliances • Washer & dryer • State of the art fitness gym • Underground heated parking

from

$220’s

+GST

211 Mahogany Way SE

10/7/2014 2:33:59 PM

Move in Spring 2015

OPENING OCTOBER 25

2 & 3 bedroom townhomes with garage

And Now For Something Different

See What Is Right In Your Backyard

featuring:

• 1200 sq ft – 1726 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

from

$330’s

+ GST

Located on Evanspark Blvd NW

Modus Booklet OCTOBER 2014.indd 10

• 1267 sq ft – 1524 sq ft • 9’ ceilings on main floor • Single and tandem heated garage • Flex room on select homes • Stainless steel appliances • Upper level laundry with washer & dryer • CHOICE OF 3 NEW COLOR PALETTES

from MID

$300’s

+ GST

River Heights - Riversong, Cochrane

10/7/2014 2:34:40 PM

The name Modus stands for how we do things. In the past 30 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.

Modus Booklet OCTOBER 2014.indd 11

10/7/2014 2:34:43 PM

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 Jayman Modus Calgary is a Builder of Excellence for providing â€œAn Outstanding Home Ownership Experienceâ€? for Multi-Family Homes in Alberta. Based on the J.D. Power and Associates 2013 Alberta Multi-Family New Home Builder Customer Satisfaction StudySM conducted in association with the Professional Home Builders Institute of Alberta. Study measures ANHWP builder members and participating builder members of PHBIA, which represent more than two-thirds of all new single-family homes built in Alberta. For more information, visit jdpower.com

Modus Booklet OCTOBER 2014.indd 12

10/7/2014 2:34:45 PM

ESTATE HOME OVER $1,750,000 SPONSORED BY WEISER PFISTER

EMPIRE CUSTOM HOMES Cedar Estates | Calgary

FINALISTS: Empire Custom Homes | Trophy House | Calgary Marco Antonio Homes | Platinum | Sturgeon County

MULTI-FAMILY TOWNHOME OR DUPLEX UNDER $300,000 SPONSORED BY GRANT THORNTON

STERLING HOMES

Sensation | Edmonton

FINALISTS: Avi Urban | Edison - Scarlet | Calgary Homes by Avi | Tristan | Edmonton

MULTI-FAMILY TOWNHOME OR DUPLEX $300,000 - $400,000 SPONSORED BY LENNOX

WHITE EAGLE HOMES

Emerald | Edmonton

FINALISTS: Avonlea Master Builder | Genesis | Lethbridge ReidBuilt Homes | Opus | Calgary

MULTI-FAMILY TOWNHOME OR DUPLEX OVER $400,000 SPONSORED BY BRIDGEWATER BANK

BLOK HOME DEVELOPMENT & DESIGN Kensington Trio | Calgary

FINALISTS: Homes by Avi | JV3 | Calgary Jayman | Edgewater Villa | Calgary

MULTI-FAMILY APARTMENT UNDER $325,000 SPONSORED BY FIRSTSERVICE RESIDENTIAL

AVI URBAN

Sawyer Silverado | Calgary

FINALISTS: Qualex-Landmark | Calla | Calgary Rohit Communities | Vantage | Edmonton

MULTI-FAMILY APARTMENT OVER $325,000 SPONSORED BY MATTAMY HOMES

ABBEY MASTER BUILDER Modern Oasis | Red Deer

FINALISTS: Qualex-Landmark | Calla | Calgary Streetside Developments | St. John's Tenth St. - Unit 412 | Calgary

RENOVATION UNDER $200,000 SPONSORED BY ALBERTA HARDWOOD FLOORING

ALBI RENOVA

Ranchlands Renovation | Calgary

BEFORE

AFTER FINALISTS: Aquarian Renovations | Blue Quill Residence | Edmonton Ashton Luxury Living | Shaganappi Estates Renovation | Calgary

RENOVATION $200,000 - $500,000 SPONSORED BY JELD-WEN WINDOWS & DOORS

ALBI RENOVA

Rurral Renovation | Calgary

BEFORE

AFTER FINALISTS: Albi Renova | Arbour Lake Renovation | Calgary Kon-Strux Developments | Cliff Bungalow Project | Calgary

RENOVATION OVER $500,000 SPONSORED BY CARRIER ENTERPRISE CANADA

ALAIR RENOVATIONS

Sunhill Estates Residence | Edmonton

BEFORE

AFTER FINALISTS: Ackard Contractors | Saskatchewan Drive Residence | Edmonton Ackard Contractors | Valleyview Residence | Edmonton

COMMUNITY DEVELOPMENT SPONSORED BY CHRISTENSON COMMUNITIES PROUD MEMBER OF ALBERTA COMMUNITY BUILDERS

HOPEWELL RESIDENTIAL MANAGEMENT Mahogany | Calgary

FINALISTS: Brookfield Residential | Auburn Bay | Calgary Heritage Pointe Properties | Artesia | Calgary

GREEN HOME SPONSORED BY BUILT GREEN CANADA

LANDMARK GROUP OF BUILDERS Emerald II | Edmonton

FINALISTS: Avi Urban | Hornell | Calgary Landmark Group of Builders | Mendelssohn II | Edmonton

AVID HOME QUALITY AWARD Multi-Family

Calgary

Single Family

Calgary

THE NEW HOMEBUYERS CHOICE AWARD PRESENTED BY PHBI AND CUSTOMERINSIGHTTM TM

Medicine Hat

Edmonton

Calgary

AWARDS OF MERIT SPONSORED BY ALL WEATHER WINDOWS

CENTRAL ALBERTA

True-Line Contracting | Young Residence

LETHBRIDGE

Avonlea Master Builder | Genesis

CALGARY

Estata Developments | Mardaloop I

EDMONTON

Pacesetter Homes | Gabriel

MEDICINE HAT

Brost Developments | Artesia

SAFETY LEADERSHIP AWARDS

SPONSORED BY ATCO GAS

Large Volume Builder Member

Large Volume General Member

Small Volume Builder Member

Edmonton Region

Alberta Region

Lethbridge Region

CHBA – Alberta Awards of Excellence in Housing Sponsors Platinum

Gold Published by

Silver

ATCO Gas Aviva Canada/National Home Warranty Group Edmonton Sun & Calgary Sun

Bronze Alberta Hardwood Flooring All Weather Windows Blanket Home Warranty Bridgewater Bank Built Green Canada Calgary Herald & Edmonton Journal Canada Mortgage & Housing Corporation Can-Cell Industries Carrier Enterprise Canada Christenson Communities – a proud member of Alberta Community Builders Durabuilt Windows & Doors Empire Drywall

FirstService Residential GEM Cabinets Grant Thornton Huntwood Custom Cabinets JELD-WEN Windows & Doors Lennox MASCO Canada Mattamy Homes Park Royal Homes Progressive Home Mortgage Qualico Communities Robinson Lighting & Bath Centre Trane

Presented by Wall2Wall Media, publishers of New Home Guide, New Condo Guide, Home Décor & Renovations Magazine and CHBA - Alberta

IN THE NEWS

HOMES BY AVI

wins provincial Multi-Family Builder of the Year award HOMES BY AVI GROUP OF COMPANIES WAS HONOURED

for its outstanding craftsmanship recently when it was presented with the industry’s provincial Multi-Family Builder of the Year Award. The Canadian Home Builders’ Association-Alberta handed out the 2014 Awards of Excellence in Housing at the association’s BUILD 2014 conference in Jasper in September, where Homes by Avi Group of Companies earned two multi-family awards. “We work very hard to establish a high level of value and innovation in the products that we build,” says Charron Ungar, president of Avi Urban, the multi-family division of Homes by Avi. “It feels great that our industry has recognized us as a leader in multi-family housing in our province.” Alice Mateyko, president of Homes by Avi’s singlefamily division in Alberta, echoes Ungar’s sentiment. “Our competitors set the bar pretty high,” says Mateyko. “Year after year, I’m amazed at the quality of work presented by our industry peers, so to be recognized among them is truly an honour.” Builder of the Year awards are presented for the best overall score in the competition. Points are awarded to the finalists in each category, with additional points given for where, in the top three, each finalist ranks. Homes by Avi Group of Companies in Calgary and Edmonton was a finalist in three of five multi-family awards categories, with Avi Urban winning the Multi-Family Apartment Under $325,000 award for Sawyer at Silverado, all of which contributed toward the Multi-Family Builder of the Year award. Located in the heart of Silverado, Avi Urban’s Sawyer project has been an overwhelming success with buyers who love the location, designs and finishings. Sawyer consists of 138 apartment-style condos in three

buildings with floor plans ranging from 700 to 1,100 sq. ft. in one- and two-bedroom designs, at an affordable price point. Winning both awards “highlights several different multi-family products that we offer from our semi-detached urban infills and our fee simple Street Towns, to our townhomes and apartment condos,” Ungar says. “We are proud of the recognition and we remain committed to doing even greater things for future homebuyers in Alberta.” For more information on Sawyer and other Avi Urban projects, visit online at aviurban.com.

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 49

INNER CITY

6 AVE N

GREYHOUND BUS TERMINAL

BUY NOW WITH ONLY 5% DOWN PAYM

ENT 23 AVE S

26 AVE S

INNER CITY 11 SOBOW BY M2I DEVELOPMENTS CORPORATION 1640-170A St. SE

RILEY PARK

6 AVE N

5 AVE N

VE 4A

12 KENSINGTON BY BUCCI

V 2A

SUNNYSIDE 20 STATION

ROTARY PARK

PRINCE’S ISLAND PARK

301 10th St. NW Coming Soon

13 FIRST BY FRAM + SLOKKER

EAU CLAIRE04 MARKET

East Village Experience Centre 553 Riverfront Ave. SE

16 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN.

Sales Centre 921 - 1st Ave. NE

4 AVE S

13 18

5 AVE S

17 916 BY SABLE DEVELOPMENTS

6 AVE S

MILLENNIUM PARK

19 CONVENTION CENTRE

1 ST W

12 AVE S

MOUNT ROYAL VILLAGE

26 AVE S

TALISMAN SPORTS CENTRE

10 ST W

CALGARY EXIBITION AND STAMPEDE PARK ERLTON / STAMPEDE STATION

PROSPECT AVE

VICTORIA PARK / STAMPEDE STATION

4 ST W

5 ST W

CLIFF ST

17 AVE S

23 AVE S

1 ST E

COLONEL BELCHER HOSPITAL

OLYMPIC WY

11 2 ST W

11 AVE S

4 ST W

5 ST W

8 ST W

10 ST W

9 AVE S

26 AVE S

01 RIVERFRONT POINTE BY CARLISLE GROUP

06 AVENUE BY GROSVENOR & CRESSEY

02 PARK POINT BY QUALEX-LANDMARK

07 SMITH BY GROSVENOR

101 Riverfront Avenue S.E.

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.

916 Memorial Drive

FORT CALGARY

CITY HALL

MACLEOD TR

REYHOUND US TERMINAL

1035 5th Ave. SW

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

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

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

20 LIDO BY BATTISTELLA

Sales Centre 1120 Kensington Rd

21 V&V BY PROVIDENCE GROUP Register: einsteincalgary.com

22 ALEX BY ASSURED COMMUNITIES

Presentation Centre: 2719 14th St. SW

23 MISSION 34 BY ASSURED COMMUNITIES

98 Mission Road SW mission34.ca

25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE Coming Soon

09 LiFFT BY VERICON REAL ESTATE VENTURES

Coming soon to Renfrew-Bridgeland liveLiFFT.com

10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 51

CONTEMPLATING CONDOMINIUMS

HOUSE OR CONDO? You pay “fees” either way

// BY LINDA PALFI

II PO IM PO POS M

M MO TH TH THI

Regardless of how you slice it and dice it, it costs at least 20 cents per sq. ft. per month to operate housing in urban Canada these days. Smug house owners can be challenged with the number. They live in a 1,100-sq.ft. bungalow? Fine: 1,100 X $0.20 = $220 per month. Tell them to add up their water and sewer bill, their natural gas costs, 20 to 30 per cent of their electrical bills for running the furnace blower, the lawn mowing and gardening expenses, maintenance costs and major repairs over the years. Defy them to arrive at less than $220 per month. Ah, they might say, “I fix things myself and I don’t save for roof repair Linda Palfi is a condominiumor for new double-glazed windows when the seals break. I plan to sell, so specialist realtor with Discover that will be the next owner’s problem.” No, it won’t! Does the smug house Real Estate. She has overseen many condo projects as the chair owner think his run-down house with a leaking roof, fogged double-pane of her condo board, and is a windows and decrepit furnace will sell for the same as a well-maintained member of the professional standards one? Not on your life! With all housing, the market dictates that we’ll pay committee of the Calgary Real Estate Board. Further articles and her Calgary Condo to maintain it, or we’ll pay in a lower-than-market sale price. The expense Directory can be found online at is unavoidable. CondosInCalgary.com. Call Linda for more information at 403.998.7732 In condos, of course, we don’t have (and would not want) the option to fail to maintain our homes. We also must, by law, save for capital expense in the future. I often point out to condo buyers that they are joining a corporation that has “reserve fund” savings of $1,000, $2,000 in the bank for hether you own a house, rent an apartment, or own each and every condo home, or sometimes far more than that. When was the last time that the buyer of a house was given $2,000 cash by the seller a condo apartment or toward future costs of roof replacement or for a new furnace in five years? townhouse, the basic operating To maintain that reserve, we in condominium homes happily put, say, costs of all housing is the same. As another nickel per month into the pot, so we’re at $0.25 per sq. ft. When condo buyers, let’s practice a few the house owner’s furnace fails or roof leaks, he’ll whip out his credit card witty comebacks for when superiorand pay thousands of dollars all at once, and then maybe pay interest on acting, house-owning friends the credit card debt! You and me, we’d rather save toward such costs, than ridicule us for paying “condo fees”. be smacked with a big bill every few years. How about, “Oh, do you heat your With the table of debate somewhat turned on our house-owning friends, house for free?” Or, “The City gives tell them you also choose condo living because you pay an additional nickel you water and sewer services for or dime per sq. ft. each month for a package of services. That brings us to nothing, does it?” Phase II of SoBo $0.30 per sq. ft. per month. Your lawn is cut for you, and you don’t need to No matter what the housing Phase II of SoBo pay the teenager down the block to do it when you’re away... if he’s even style or nature of ownership, these to wait to take p Phase II of available. Your property manager makes sure exterior window cleaningtois wait toSoBow are basic expenses that must be take p suites, two-stor done, that the lobby is clean, and that repairs are made. He keeps track of paid: 1/ water and sewer services; 2/ to wait to take po heating; mainly natural gas, but also those contractors and the expenses, so you can ignore all those issues. suites, two-stor suites. Live wel two-storey If you’re living in a luxury condominium development, add yetsuites, another electricity to move the heat around, suites. Live wel nickel per sq. ft. per month. Then, invite your friend over to work off his be it heated air or water; 3/ tap hot suites. Live well a water, also known as “domestic” hot steam with a game of on-site tennis at your place, followed by a dip in the water; 4/ maintenance, although our in-house pool, and maybe an hour in the common-property hot tub or SOBOW PRICE L sauna. He may not have time, though. He may need to run home, SOBOW PRICE L standards of maintenance can vary UNIT TYPE depending on the season, to shovel snow or mow the lawn, or perhapsSOBOW toUNIT TYPE widely; 5/ capital costs to replace PRICE LIST Studio patch his leaking roof. building components, like the roof. UNIT TYPE Studio 1 Bed/1 Bath 52 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com Studio 1 Bed/1 Bath 1 Bed/1 Bath + Flex 1 Bed/1 BathBath + Flex 1 Bed/1 1 Bed/2 Bath + Flex 1 Bed/1 BathBath + Flex 1 Bed/2 + Flex

LIV LIVE RIG RIG

IMMEDIAT IMMEDIAT IMMEDIATE MOVE MOVE INTO INT MOVE INTO

SOUTH OF THE BOW

IMMEDIATE IMMEDIATE POSSESSIONS IMMEDIATE POSSESSIONS POSSESSIONS MOVE IN

INNER CITY

MOVEININ MOVE THIS FALL! THIS FALL! IMMEDIATE THIS FALL! POSSESSIONS

MOVE IN THIS FALL!

SOUTH OF THE BOW

LIVE WELL, IVE WELL, WELL, IVELIVE WELL, RIGHT NOW. RIGHT NOW. IGHT NOW. IGHT NOW.

MOVE INTO REALTORS:

REALTORS: INGLEWOOD REALTORS:

Receive your FULL Commission * Receive your THIS YEAR! Receive your

REALTORS: TODAY!

FULL Commission Receive your FULL Commission YEAR! FULLTHIS Commission THIS YEAR! THIS YEAR! are paid 50% after firm deal and

Our commissions (3.5 or 1.5%) are paid 50% after firm deal and 50% after possession. SoBow’s immediate possessions mean you will receive all your commissionOur in 2014. commissions (3.5 or 1.5%) Contact us for more Ourdetails. commissions (3.5 or 1.5%)

IMMEDIATE POSSESSIONS AVAILABLE MOVE INTO INGLEWOOD TODAY!

Phase II of SoBow is almost complete, which means you don’t have to wait to take possession. Choose from one, two or three bedroom suites, two-storey loft townhomes, garden townhomes and penthouse suites. Live well at SoBow, right now.

EDIATE EDIATE POSSESSIONS POSSESSIONS AVAILABLE AVAILABLE -DIATE POSSESSIONSTODAY! AVAILABLE EE INTO INTO INGLEWOOD INGLEWOOD TODAY! INGLEWOOD IINTO of SoBow is almost complete,TODAY! which means you don’t have

paid firm deal and Ourarecommissions (3.5 or 1.5%) 50%50% afterafter possession. after are SoBow’s paid 50% 50%immediate after possession. firmpossessions deal and VISIT OUR SALES CENTRE SoBow’s immediate possessions 50% after possession. mean you will receive all your & SHOW SUITES: mean you will receive all your SoBow’s immediate possessions commission in 2014. | # 1640 17A STREET SE commission in 2014. mean you will receive all your Contact | TUESDAY - FRIDAY 12PM - 6PM us for more details. | SATURDAY - MONDAYContact 12PM - 5PMus for commission inmore 2014.details. Contact us for more details. SOBOWCONDOS.COM

ON THE PARK, I of SoBow is almost complete, which means you don’t haveON THE PARK, take possession. Choose from one, two oryou three bedroom BYOUR THE RIVER, ofto is almost complete, which means don’t have BY THE RIVER, VISIT SALES CENTRE toSoBow take possession. Choose from one, two or three bedroom VISIT OUR SALES CENTRE two-storey loft townhomes, garden townhomes and penthouse & SHOW SUITES: take possession. Choose from one, townhomes two or threeand bedroom IN INGLEWOOD. two-storey loft townhomes, garden penthouse VISIT OUR SALESSUITES: CENTRE & SHOW IN INGLEWOOD. SOBOW PRICE LIST

SIZE (SQ. FT)

UNIT TYPE

694 707 744

Studio 1 Bed/1 Bath 1 Bed/1 Bath + Flex 1 Bed/2 Bath + Flex 2 Bed/2 Bath

PRICE:

$306,000-311,000VISIT OUR SALES CENTRE $315,000-328,000 VISIT OUR SALES CENTRE & SHOW SUITES: SOLD OUT & SHOW SUITES: | # 1640 17A STREET SE

1000 $383,000-405,000 Live well loft at SoBow, right now. Thinking downsizing, investing wo-storey townhomes, garden townhomes and penthouseThinking of downsizing, investing | #of1640 17A STREET SE or buying 914 $386,000-398,000 & first SHOW SUITES: Live well at2 Bed/2 SoBow, right now. 973 buying | or#home? 1640 17A STREET your Choose fromSE $379,000-420,000 Bath | TUESDAY FRIDAY 12PM -one, 6PMtwo or three your first home? Choose from one, two or three ve well at SoBow, 983 $400,000-423,000 || TUESDAY -MONDAY FRIDAY 12PM - -6PM bedroom suites, two-storey loft townhomes, 2 Bed/2 Bath right now. | SATURDAY 12PM 5PM # 1640 17A STREET SE bedroom suites, two-storey loft townhomes, CONTACT:

1095

2 Bed/2 Bath

1262 W PRICE LIST 2 Bed/2.5 Bath 1390 WPEPRICE LIST 2 Bed/2.5 Bath Garden/Loft Townhome SIZE (SQ. FT) 2 Bed/2.5 Bath Loft Townhome SIZE (SQ. FT) 1414 PRICE LIST 2 Bed/3 Bath + Flex PE 1414

Bath Bath Bath + Flex thBath + Flex Bath + Flex thBath + Flex + Flex

SOBOW PRICE LIST UNIT TYPE

3 Bed/3 Bath

SIZE (SQ.694 FT) 694 707 694707 744 707744 1000 7441000

1632

$531,000-543,000 $545,000-597,000 PRICE: $587,000-593,000 PRICE: INGLEWOOD $618,000-635,000 INGLEWOOD $306,000-311,000 PRICE: $700,000-710,000

$306,000-311,000 $315,000-328,000 $306,000-311,000 $315,000-328,000 SOLD OUT $315,000-328,000 SOLD OUT $383,000-405,000 SOLD OUT $383,000-405,000

Studio 1 Bed/1 Bath 1 Bed/1 Bath + Flex 1 Bed/2 Bath + Flex 2 Bed/2 Bath 2 Bed/2 Bath 2 Bed/2 Bath 2 Bed/2 Bath 2 Bed/2.5 Bath 2 Bed/2.5 Bath Garden/ Loft Townhome 2 Bed/2.5 Bath Loft Townhome 2 Bed/3forBath + Flex *Visit Sales Centre details 3 Bed/3 Bath

SIZE (SQ. FT)

garden townhomes and 12PM penthouse suites. take |TUESDAY SATURDAY - MONDAY 587.353.8955 info@sobowcondos.com - FRIDAY 12PM - 6PM- 5PM and |penthouse suites. take possession immediately. Live well at DAVID FRID possession immediately. Live well at- SoBow, | SATURDAY MONDAY 12PM - 5PM SoBow, DISCOVER REAL ESTATE LTD. What are you waiting for? right now. right now. What are you waiting for?

SOBOWCONDOS.COM SOBOWCONDOS.COM SOBOWCONDOS.COM SOBOWCONDOS.COM SOBOWCONDOS.COM +1 (403) 479-3743

694 707 744 1000 914 973 983 1095 1262 1390 1414 1414 1632

CONDO PROFILE

SoBow presents

tranquil natural setting in Inglewood // BY HEATHER RYAN

urrounded by the tranquil beauty of nature but within walking distance of the lively community of Inglewood, SoBow has it all. Phase II of SoBow (which stands for South of the Bow) is nearing completion, which means immediate possessions are available now, making SoBow the only inner-city condo development project with 2014 possessions. SoBow is the latest project from M2i Development Corp. and Matco Investments – the company behind Calgary’s Eighth Avenue Place. Concrete construction, modern and spacious floor plans, and a 9,000-sq.-ft. fitness centre are just a few of the premium features available at SoBow. But perhaps the project’s biggest asset is Pearce Estate Park and Inglewood itself. “Our biggest selling feature is really our location– on the park, by the river and in Inglewood – that is what drives people to us,” says SoBow sales manager David Frid. “Inglewood is a big draw with all it has to offer, plus buyers love being in the inner-city and on 50 acres of park space.” SoBow is also immensely popular with buyers seeking affordability, high-end finishings and quick possession. “The response by buyers has been great; we’re selling really well,” Frid says. “We have availability

54 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

and possessions this year, which is great for people who need immediate occupancy.” Located just off Blackfoot Trail on the edge of Pearce Estate Park, SoBow is a six-building masterplanned urban village currently finishing the second phase, 1912Cross. This urban six-storey contemporary building is clad in brick and steel to create an industrial look “synonymous with Inglewood’s aesthetic,” Frid says. 1912Cross offers 120 apartmentstyle condos along with garden townhomes and penthouse suites. SoBow has something for everyone, offering a wide range of

home options from 694 to 1,414 sq. ft. Buyers can choose from loft studios and one-, two- and three-bedroom suites, two-storey loft townhomes, garden townhomes and penthouse suites. There are 10 different floor plans available, each one offering high-quality finishings and comfortable, flexible layouts that meet the needs of today’s buyers. SoBow currently boasts some the best value in Calgary, with spacious units incredibly starting in the low $300,000s. Many fine details make SoBow a superior choice for inner-city condo living. Solid concrete construction, nine-ft. ceilings, wide-plank European white-oak engineered hardwood flooring, sliding barn doors and oversized windows are just a few of the standard features you’ll find at SoBow. Aspiring chefs and foodies alike will adore the large premium kitchens, featuring 10-ft. islands (L-shaped kitchens have five-ft. islands), Cantrio Koncept sinks with industrial-style pull-out faucets, and full-sized stainless steel appliances including a gorgeous Bertazzoni gas range and Fisher & Paykel dishwasher. All homes also include in-suite laundry with a full-sized washer and dryer, shade blinds, private balconies and/or terraces, barbecue gas line hook-ups, heated underground parking and secure bike storage. As well, residents receive a CityFit gym membership to the on-site 9,000-sq.-ft. fitness centre. Environmentally conscious buyers will appreciate that SoBow has BuiltGreen HD certification and includes HVAC fan coil heating systems with air-conditioning, dual-flush Kohler toilets, energy-efficient lighting and low-VOC paint finishes. SoBow’s outstanding location means residents are within a five-minute drive to downtown, with easy access to Deerfoot and Blackfoot Trails, Calgary Transit and the east Bow River bike/pathway system. There are also dedicated rush hour bicycle lanes along 9th Avenue S.E. for avid cyclists. For more information on SoBow and to learn more about their immediate possessions, visit the sales centre at 1640 17A St. S.E., open Tuesday to Friday, noon to 6 p.m.; and Saturday to Monday and holidays, noon to 5 p.m. You can also call 587.353.8955 or visit sobowcondos.com. newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 55

IN THE NEWS

NEW YMCA in Quarry Park named Remington YMCA

A $2-MILLION INVESTMENT TO SUPPORT WELLNESS by

Remington Development Corp. means the new City of Calgary-built recreation facility currently under construction in Quarry Park is getting a new name. It will be called the Remington YMCA. One of three new City-owned, YMCA-operated facilities currently in development, the Remington YMCA will provide opportunities for recreation, leisure and learning through aquatics, fitness and sports facilities, as well as multi-purpose spaces, licensed childcare and a full-service Calgary Public Library. Remington Development Corp. is thrilled to support health and wellness resources for families in Quarry Park and the surrounding communities. About YMCA Calgary YMCA Calgary is a charity dedicated to building healthy communities. For 112 years, YMCA Calgary has been committed to nurturing the potential of children, youth and families, promoting healthy living and fostering social responsibility within the community. For more information, visit the website at ymcacalgary.org. About Remington Development Corp. Since their first project in 1994, Remington Development Corp. has emerged as a true industry leader in all aspects of commercial and residential development. They have earned a reputation for professionalism, integrity and thoroughness. For more information, please visit online at remingtoncorp.com.

56 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

Remington Development Corp. is thrilled to support health and wellness resources for families in Quarry Park and the surrounding communities

INNER CITY

A NEW PERSPECTIVE ON URBAN LIVING

The Guardian’s two-bedroom, two-bathroom suites offer panoramic double-exposure views of the city, rivers and mountains from Calgary’s tallest residential tower.

SUITE 02

814 SQ FT + 79 SQ FT Balcony

Starting at $455,900

SUITE 04

809 SQ FT + 139 SQ FT Balcony

Starting at $436,900

SUITE 07

904 SQ FT + 115 SQ FT Balcony*

Starting at $535,900

SUITE 09

979 SQ FT + 133 SQ FT Balcony*

Starting at $578,900

*Includes parking space for two vehicles

Developed by Hon Developments. Renderings are artist’s interpretation. Prices subject to change without notice. E&EO.

PRESENTATION CENTRE 456 -12TH AVENUE SE MON – THURS 12 – 6PM TEL 403 800 3368 SAT & SUN 12 – 5PM

FEATURES

• Imported Italian Armony Cucine cabinetry and professional-grade induction cooktops by AEG • Optimized floor plans and open concept interior design • First-class amenities: Fitness centre and yoga studio, workshop, social lounge and garden terrace

THEGUARDIANCALGARY.COM

HOME SWEET HOME

// BY LYDIA MCNUTT

HOUSING AFFORDABILITY,

Lydia McNutt is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

f you’re shopping for a home in any of Canada’s larger markets, you’re likely experiencing some sticker shock. The good news is, housing affordability has improved slightly in the second quarter of 2014, according to RBC Economics’ latest Housing Trends and Affordability Report. But before you break open the bubbly, it’s not that the price of homes has dropped – in fact, prices have increased. Rather, it’s the record-low mortgage rates that have tempered Canada’s high cost of housing. And as we’ve all been hearing from mortgage experts, what goes down must come up. RBC’s housing affordability index captures the proportion of pre-tax household income required to own and operate a home at current market value. The greater the measure, the worse the affordability. For example, a measure of 50 per cent means

mortgage rates and your future

owning a home – including mortgage payments, utilities and property taxes – will eat up 50 per cent of a typical household’s pre-tax income. According to the report, the affordability measure declined by 0.9 percentage points from the first quarter of 2014 to 48 per cent for twostorey homes; dropped by 0.6 percentage points to 42.5 per cent for detached bungalows; and fell 0.4 percentage points to 27.4 per cent for condominium apartments. To put these numbers in perspective, when you’re applying for a mortgage, lenders add up your housing costs and calculate what percentage they are of your gross monthly income, known as your Gross Debt Service ratio (GDS). According to Canada Mortgage and Housing Corp., your GDS should be 32 per cent or less of your pre-tax household monthly income. A GDS of 32 per cent and an affordability index of 48 per cent is quite a gap. What does this mean for homebuyers? Quite simply, they’ll have to increase their income, or decrease their housing budget – and their expectations. If you’re dreaming of a single-detached, two-storey life, be prepared to spend 48 per cent of your pre-tax income – that is, providing you earn at least an “average” income. After taxes and living expenses, that doesn’t leave much for a rainy-day fund, never mind retirement in 35 years! Adding a little fuel to the burning issue of housing affordability is the mortgage rate factor. Yes, rates still sit at record lows, but not for long, according to the report. “Longer-term rates will begin to rise later this year in anticipation of a return to tightening mode by the Bank of Canada in 2015. While continued growth in household income will provide some offset, we expect rising rates to erode housing affordability across Canada and weigh on homebuyer demand.” So, what can you do to insulate yourself from the looming threat of rising rates? Simple – plan ahead. Stress-test your mortgage against a higher rate before you commit to your purchase. Sure, you may be able to afford your dream home at today’s mortgage interest rate of 2.99 per cent, but in five years when it’s time to renew at 5.99 per cent (or whatever that number is at that time), will you still be able to make those payments? Factor in all your expenses. Do you have student loans? Do you drive a car? Do you expect to eat on a daily basis? Do you have kids, or are you planning to in the future? Don’t forget about those retirement savings! Consult a financial advisor to help you determine what will work within your budget. With a clear view of the big picture, it’s easier to plan ahead, and purchase a property with confidence. Buying a home is hugely rewarding, providing you’re prepared. Do your homework well in advance, and come mortgage renewal time and those Bank of Canada rate announcements, you won’t break a sweat.

58 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

An Outlook Defined by the Calgary Skyline Own a new local landmark. Overlook the sparkling Calgary skyline from Park Point’s unique setting and feel secure by investing in unobstructed views atop rare protected green space. At night, enjoy starlight from your iconic urban tower. By day, soak in the natural sunlight and blue skies while contemplating the gardens and places to venture to below.

2ND ST SW

CALGARY · PARKSIDE LIVING ON CENTRAL MEMORIAL PARK

COMING SOON · REGISTER NOW

12TH AVE SW CENTRAL PARK

This is not an offering for sale. E.&O.E.

QUALEX.CA/PARKPOINT Another original development by

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 59

IN THE NEWS

Calgary Home Builders Foundation completes

CAMP HORIZON THE LATEST CAMPAIGN OF THE CALGARY HOME BUILDERS

Foundation has completed a new dormitory at Camp Horizon in Kananaskis. The building will provide shelter for 40 disabled, special needs or seriously ill campers and their caregivers, giving them a chance to enjoy time in a spectacular mountain setting. Calgary Home Builders Foundation (CHBF), the charity of choice of the Canadian Home Builders’ Association – Calgary Region, donated $1 million toward the building, which opened recently at Easter Seals’ Camp Horizon. “I am proud to mark this amazing transformation of Camp Horizon, and the new dormitory that has long been a wish and a dream of so many campers, caregivers and families,” says Glenn Davies, president of CHBF. “The partnership between CHBF and Easter Seals has provided a unique opportunity for our two charities to continue their long histories of service in the community.” The CHBF Dormitory is the 14th project for the Foundation, which was formed 28 years ago with the mandate “to construct or assist in construction of shelter for those in need.” Since then, CHBF has invested more than $7 million in 14 projects which have created 6,900 safe shelters for those most in need in various sectors of the community. “I’m pretty sure I heard angels singing,” Easter Seals ambassador Megan Fuchini said when she first saw the completed building. “We now have a place that gives us the freedom to move around in a beautiful space. Your contribution and generosity will make a difference for all of us for many years to come.” The new dorm holds 40 people and includes generous extras such as plug-ins everywhere, which are “precious commodities for those in power wheelchairs and needing other specialized electronic equipment,” says Fuchini. Lift tracks also help people transfer from bed to chair easier. This camp will be able to be used better than ever before.” Numerous other donors were also honoured at the opening – and an announcement was made that Easter Seals received an anonymous $3.3 million donation to build a second building to mirror the Calgary Home Builders Foundation Dormitory. 60 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

Megan Fuchini, Easter Seals ambassador cutting the ribbon at the CHBF dormitory

About Calgary Home Builders Foundation:

» Mandate: ‘To construct or assist in construction of shelter for those in need’ » $7 million invested over 14 projects in 28 years » Responsible for 6,900 bed spaces for those in need » No overhead – every dollar raised goes directly to project costs » Charity of choice for the residential construction industry » Board of Directors, committee members, fundraising organizers are all volunteers » Office space and staff donated by CHBA – Calgary Region » Charitable arm of Canadian Home Builders’ Association – Calgary Region Previous Projects:

» Avenue 15, (Boys & Girls Clubs of Calgary) » Alice Bissett Place » Bob Ward Residence » ARBI- 2 projects (Association for the Rehabilitation of the Brain Injured) » Mary Dover House, YMCA » Inn From the Cold » Safe Haven » William Roper Hull Center » Forest Lawn Transitional Housing » York Hotel » Safe House » Children’s Cottage

CO N UN STR DE UC RW TI AY ON

LUXURY BEGINS AT THE DOOR

Begin your Avenue experience with a greeting from your concierge at the porte cochere – a five-star entryway that creates an unforgettable arrival for you and your guests. From there, the luxury continues within the grand reception with its soaring ceilings and statement chandelier, a finely appointed lounge, connecting sky bridges and state-of-the-art gym. At Avenue, you can leave to travel the world and then return to a secure home that offers the same sophisticated living experience as the boutique hotels abroad.

ELEGANT TWO-BEDROOM HOMES FROM $561,900.

PRESENTATION CENTRE: 1037 5th Avenue, SW, Calgary

10 ST SW

5th AVE SW

Saturday & Sunday: 12pm–5pm Monday–Thursday: 12pm–6pm Closed Fridays

403-530-8455

This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.

AVENUEWESTEND.COM newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 61

HAPPY HOMEBUYING

// BY DONNA MOORE

Energy efficiency

Donna Moore is executive officer of the Calgary Region Home Builders’ Association. Call 403.235.1911 or visit crhba.com

ith so much focus on the environment today, many new-home buyers are considering the environmental aspects that go into the finished product. An abundance of information out there gives homebuyers a lot to think about, like energy use and its effect on the environment; the quality of indoor air and how it influences your personal health and well-being; recycling and the preservation of natural resources; and energy conservation in the products we use. There are numerous measures homebuyers can take to reduce the environmental impact of their home, increase its comfort and healthiness, and save money. As well, there are several home builders in the Calgary region that are part of the Built Green program, or other eco initiatives which foster resourceefficient measures.

BUILT RIGHT IN!

However, buyers will discover as they tour show homes and suites in the Calgary area that most home builders are thinking about energy-efficient options for today’s new homes already – whether it’s the materials used for construction or the addition of energy-efficient products – so they should ask builders and/or their sales representatives about the energy-saving and environmental features that are going into construction. One important product, especially for our winters, is the insulation. You’ll want to ask about the type and quantity of insulation used that increase the home’s energy efficiency. Today’s new homes typically come standard with high-efficiency furnaces, but you may want to ask about other ways to increase efficiency. You can also install an automatic thermostat if it’s not already included in the builder’s standard package, which can be a real energy-saver. You can also explore a high-efficiency hot-water tank, tankless “ondemand” water heaters, low-flush or dual-flush toilets, and water-saving shower heads if they are not already being installed by the builder. The type of windows used can also save on energy costs. There are various options such as triple glazing, inert gas-filled, insulating spaces and frames, low-E coating and low air-leakage rating. You should also examine the location of the windows so you can gain the most passive solar heat during the winter months. As for appliances, you’ll find plenty of selection, but look for those with an Energy Star rating. As for lighting – that too should be energy-efficient. Ask about new LED products. Underfoot, consider installing hard-surface flooring which is easy to clean, helping to keep your indoor air healthy. On the topic of healthy indoor air, ask your builder about the use of no- or low-off-gassing adhesives, paints and finishes, and low-off-gassing kitchen cabinets and bathroom vanities that will allow your family to breathe easy. Many builders are also thinking Green by recycling materials and using materials which optimize natural resources. Home builders in the Calgary region are familiar with the latest environmentally friendly technologies, products and materials, and can explain the “ins and outs” of any choice you may be considering – including the benefits and implications for the construction process, schedule and price. By purchasing new, you can get a home that truly satisfies your sustainability needs.

62 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

INNER CITY

Another progressive urban experience by:

LEGAL NOTES

// BY CATHERINE STARK

What does your real estate lawyer do

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.

am sure many people have asked themselves, “What do lawyers do to earn their fees?” The answer to that question is, quite a lot! Many people also ask, “Do I need a lawyer”? The answer is, yes! There are many “moving parts” in a new home or 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; 64 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

TO EARN THOSE LEGAL FEES?

» 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. The majority of lawyers in Calgary charge buyers a flat fee to complete a purchase transaction. However, buyers must be careful to determine whether the flat fee includes: 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 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.

TH N

INNER CITY

“After living way out in the suburbs for over 20 years, we looked carefully and chose to buy at Bridgeland Crossings. We love the neighbourhood and our commute will be much shorter, only about 5 minutes to downtown. We can walk everywhere – including across the pedestrian bridge to East Village. It’s a whole new lifestyle for us.”

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1, 2 & 3 BEDROOM HOMES FROM $314,900 PRESENTATION CENTRE 824 1ST Avenue NE, Calgary Open Daily 12-6pm, Closed Fridays

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THE DEVELOPER RESERVES THE RIGHT TO CHANGE ANY INFORMATION CONTAINED HEREIN WITHOUT NOTICE. PRICING, SIZING, MATERIALS, AND SPECIFICATIONS ARE SUBJECT TO CHANGE. E.&O.E

ALBERTA’s #1 CONDO BUILDER

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MORTGAGE ADVICE

// BY ALYSSA RICHARD

WHY YOU SHOULD PAY ATTENTION TO THE BANK OF CANADA

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.

very six weeks, you may notice news headlines along the lines of “Bank of Canada holds key interest rate at one per cent.” The articles often discuss the overnight lending rate, how the economy has shaped the central bank’s decision to either change it or not change it, and how the monetary policy has been updated. It’s a lot of information packed into one article, so don’t feel bad if some of it goes over your head at first. However, if you have a mortgage – particularly a variable-rate mortgage – you may want to add a calendar reminder for each of these announcements. Why? Well, because if the overnight lending rate goes up, so could your monthly mortgage payment. To explain how this works, let’s start with some background information. The overnight lending rate is the interest rate at which banks borrow and lend money to one another, to cover the transactions they make each day. Changes to this interest rate can directly result in changes to other interest rates, such as for consumer loans and, you guessed it – mortgages! This is because each bank’s prime rate is attached to the overnight lending rate. So, as an example, if the overnight lending rate goes up by 0.50 per cent, your bank’s prime rate will also go up by 0.50 per cent. And if you have a variablerate mortgage, which is attached to prime rate, your mortgage rate and payment will follow suit.

If you have a variable-rate mortgage, which is attached to prime rate, your mortgage rate and payment will follow suit Let’s assume you bought a home for $400,000, put down 10 per cent and amortized your mortgage loan over 25 years. If your bank gave you a five-year variable-rate mortgage of prime minus 0.50 per cent (2.50 per cent as of press time), your monthly mortgage payment would be $1,651. If, at any time during that five-year term, the overnight lending rate went up by one per cent, your bank’s prime rate – and therefore your mortgage rate – would also increase by one per cent (so you’d be up to 3.50 per cent). At that rate, your monthly mortgage payment would be $1,841, which is an additional $190 per month or $2,280 per year you’d need to find in your budget to pay for. As of the latest BoC rate announcement, the overnight lending rate has sat at one per cent for four years straight, and economists predict it will remain unchanged until at least mid-2015, so you may not need to worry about this for a while. However, the one thing you should be aware of is that interest rates will undoubtedly go up eventually, not down – so you may want to pay attention to what the Bank of Canada says in its announcements, and prepare your budget for what’s to come. 68 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

INNER CITY

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 69

CALGARYISM

// BY CODY BATTERSHILL

The benefits of

CONDO LIVING Inner city and downtown condominiums in particular offer a walkable lifestyle just seconds from some of the best restaurant, entertainment and amenity districts in Calgary. Paired with exceptional convenience, the affordability of some of these new condos are hard to look past for many buyers. LOCK-AND-LEAVE

Cody Battershill is the founder of Calgaryism and a top producing realtor at Re/Max 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, on Twitter @Calgaryism and Calgaryism.ca

ondominiums in Calgary come in all shapes and sizes. From small studio apartments to large multi-bedroom penthouses, there’s a condo out there for any type of buyer looking to enjoy the benefits of the multi-family apartment lifestyle. So, what are some of the most beneficial aspects of condo living anyway? Here they are…

AFFORDABILITY

As Calgary’s inventory of single-family homes priced at $400,000 or less continues to decline, the popularity of affordable condominiums has progressively increased. It’s true; as single family home prices in Calgary remain strong so will the demand for more affordable condominiums, a need that new condo developers have been more than willing to fill as shown by the sheer amount of projects underway in the city – most with affordable purchasing options.

Shut off the lights, lock the door and then leave your condo for an extended period of time as long as necessary - for work, a few days, a week or maybe only a few seconds. It doesn’t matter how long you're gone because condo living means that you can lock the door and leave for an extended period of time without having to worry about draining the pipes before the cold or getting a by-law ticket for not shoveling the snow off your sidewalks. The lock-and-leave lifestyle that condominiums offer is ideal for many young and urban professionals who spend more time out and about than at home. The same is true for those looking to enjoy a luxury lifestyle on a top floor penthouse suite because less maintenance means more time in the day to do more important things in life. CONDO FEES

Some people are not so fond of having to pay monthly condominium fees when it comes to condo living. However, condo owners are set free from any maintenance duties such as shoveling snow, washing windows, cutting common property lawn or saving themselves for the eventual replacement cost in the structure, roof, mechanical etc. and or anything else of the sort that falls outside of the responsibility of condo owners. To get an idea of what is and what isn’t common property, condo buyers will want to review their condo documents or talk to their real estate agent to make sure they are completely informed and have all the facts before making any decisions. IN-HOUSE AMENITIES

Most homes don’t have the list of in-house amenities like condominium buildings do. New Calgary condos might have a fitness facility, lounge, swimming pool, 24 hour security, sky lounge, roof top garden, activity room(s) or a variety of other in-house amenities (only a few or several of these combined) at a given time. Who wouldn’t like to know that their property is being guarded by 24-hour security personnel, or that they don’t have to fork out extra cash for a gym membership every month because their in-house fitness facility is superb with all the latest and greatest equipment? Just another one of the huge benefits of condo living! Is the condo lifestyle for you?

70 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

INNER CITY

NO W

SOUTHEAST

LL IN

Quarry Park’s latest masterpiece offers one, two and three bedroom residences with a long list of outstanding specifications inside and out – all in a stunning riverside location. Step into the good life today at the Gates in Quarry Park, Calgary’s most diverse community. 770 SQ. FT. ONE BEDROOM + DEN FROM THE

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PRESENTATION GALLERY 350 Quarry Park Blvd SE Mon to Thur - Noon to 8pm Fri - Closed Sat & Sun - Noon to 5pm

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16 AVENUE 12 AVENUE

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SOUTHEAST COMMUNITIES 36 STREET

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

03 MUSKOKA BY BROOKFIELD HOMES 65 Auburn Meadows Way

04 MOSAIC LAKESIDE AUBURN BAY BY BROOKFIELD HOMES

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www.copperfieldpark.com 403.723.0094 newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 73

CONDO PROFILE

HOMES BY AVI

crafting stylish Street Towns in Legacy // BY HEATHER RYAN

ondo buyers who desire a townhome that is high on style and function, with a long list of included features, and all for a price they can afford are thrilled to discover a new enclave of Street Homes in Legacy. Homes by Avi, which has crafted these highly sought-after Street Towns in other communities in the Calgary area, is building 55 two-storey Street Towns in Legacy that are being well received by buyers. “Street Towns are a popular product with our customers and the sales are starting to move quickly,” says Homes by Avi marketing manager Laurel Lapointe. “We have redefined townhome living – we offer the benefit of having the entire package available to our buyers (the home, the yard and basement ready for development) without the hassle of condo fees and having to answer to a condo board. “The Street Towns come with a fully landscaped fenced yard with a deck or patio, and you have the freedom to plant a garden if you wish in the privacy of your own backyard,” she says. “Our customers love that our Street Towns are turnkey – we take care of all the details in the home, so you can move in and enjoy!”

74 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

Photo is a representation of the Lowrey and not exact.

“Our customers love that our Street Towns are turnkey – we take care of all the details in the home, so you can move in and enjoy!”

The Legacy Street Towns will be constructed in a combination of building configurations of four or five homes, and there are four main-floor options to choose from ranging from 1,280 to 1,386 sq. ft. with an affordable price point starting the $330,000s. “These models offer a bright and open main-floor plan with a front living room, and with either the kitchen in the middle or at the rear of the home with a dining nook,” Lapointe says. “There is also a half-bath off the rear entrance, and each unit has a rear double parking pad.” The large kitchen serves up plenty of delectable features including quartz countertops, an abundance of cabinets, full-height tile backsplash and stainless steel appliances that include fridge, stove, built-in dishwasher and over-the-range microwave with hood fan. Other terrific interior features include laminate flooring on the main floor, tile in the entries, carpet in bedrooms, a high-efficiency, front-load washer and dryer, and owners can personalize their home by choosing from three different colour palettes with the ability to upgrade to hardwood. Buyers can also choose between a three-bedroom design that features a master bedroom with walk-in closet and ensuite, two secondary bedrooms and a main full bathroom, or a dual master with loft design each, with walk-in closets and ensuites. The lower level is undeveloped, but buyers have the option to have Homes by Avi finish it. “The designs appeal to first-time buyers, young couples and downsizers,” Lapointe says. “They like the idea of having no condo fees, and they love that they get a private backyard.” Buyers will also appreciate the great location as Legacy provides easy access to major routes, being just minutes to Stoney Trail and Macleod Trail and close to the LRT, a wide variety of shops, services and dining amenities. For more information on the Legacy Street Towns by Homes by Avi, visit the sales centre located at 42 Legacy Blvd. S.E., open Monday to Thursday, 2 to 8 p.m.; and weekends and holidays, noon to 5 p.m., call 403.536.7266 or visit homesbyavi.com. You can also email Maurizio Primiterra, area sales manager, at legacystreettowns@homesbyavi.com. Homes by Avi is also building Street Towns in Mahogany and Sunset Ridge in Cochrane. Visit homesbyavi.com for more information.

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 75

HOMEBUYERSâ€™ HELP

CONDO HUNTERâ€™S CHECKLIST

When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! CONDO #1

CONDO #2

CONDO #3

CONDO #4

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

midrise highrise

townhome conversion

Sq. ft.:

# of bedrooms:

# of bathrooms:

Interior appliances:

Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:

Financing available:

Other comments:

78 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

HOMEBUYERS’ HELP

CONDO BUYERS’ RESOURCE SECTION YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart

newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 79

HOMEBUYERS’ HELP

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD! INTEREST RATES

CALCULATE YOUR MORTGAGE PAYMENTS

AMORTIZATION PERIODS

% 5 YEARS

10 YEARS

15 YEARS

20 YEARS

25 YEARS

3.00

17.96

9.65

6.91

5.54

4.73

3.25

18.07

9.76

7.02

5.66

4.86

3.50

18.18

9.88

7.14

5.79

4.99

3.75

18.29

9.99

7.26

5.91

5.13

4.00

18.40

10.41

7.38

6.04

5.26

4.25

18.51

10.23

7.50

6.17

5.40

4.50

18.62

10.34

7.63

6.30

5.53

4.75

18.72

10.46

7.75

6.44

5.67

5.00

18.85

10.59

7.89

6.58

5.82

5.25

18.97

10.71

8.01

6.71

5.96

5.50

19.08

10.83

8.14

6.85

6.11

5.75

19.19

10.95

8.27

6.99

6.26

6.00

19.30

11.07

8.40

7.13

6.40

6.25

19.42

11.19

8.54

7.27

6.55

6.50

19.53

11.32

8.67

7.41

6.70

6.75

19.64

11.44

8.80

7.55

6.86

MONTHLY PRE-TAX INCOME

SPOUSE’S PRE-TAX INCOME

TOTAL PRE-TAX INCOME

DIVIDE BY THREE

AFFORDABLE MONTHLY PAYMENTS DIVIDED BY 12

AMOUNT OF MORTGAGE (PRICE-DOWN PAYMENT)

CHART FIGURE

AMOUNT OF MORTGAGE DIVIDED BY 1,000

AMORTIZATION AMOUNT

ESTIMATED MONTHLY TAXES AND HEAT

MONTHLY PAYMENTS

FOLLOW THESE STEPS TO SEE IF YOU’LL QUALIFY FOR A MORTGAGE ON YOUR DREAM CONDO

Calculate the combined monthly before-tax income of you and your spouse.

Multiply this figure by the amount you need to borrow. Divide by 1,000.

Divide by three. This figure is the monthly payment you can afford to make on your condo.

Add to this your estimated monthly heating costs and monthly property taxes.

Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

Refer to the chart above. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo. Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

80 NEW CONDO GUIDE | VOLUME 17 ISSUE 11 | newcondoguide.com

COMPARE MORTGAGE RATES FOR YOUR BEST DEAL 2 YEARS

3 YEARS

4 YEARS

5 YEARS

ATB Financial

VARIABLE

2.700

6 MONTHS

4.000

1 YEAR

2.940

2.890

2.990

3.040

3.190

BMO - Bank of Montreal

3.000

4.000

3.140

3.040

3.850

4.390

4.990

Bank of Nova Scotia

3.100

4.550

3.290

3.140

3.440

3.940

4.790

Bridgewater Bank

4.800

4.700

5.250

CIBC Mortgages

3.000

4.450

2.990

2.940

3.650

4.240

4.990

Canadian Western Bank

3.200

4.000

3.140

3.040

3.750

4.390

4.990

Canadian Western Trust

3.200

4.000

3.140

3.040

3.750

4.390

4.990

First Calgary Financial

4.000

2.890

3.190

3.390

3.290

First National Financial

2.450

3.950

2.990

2.590

2.690

2.890

3.090

Home Trust Company

2.500

3.950

2.890

2.790

2.940

2.950

ICICI Bank Canada

3.050

3.150

3.650

3.640

3.690

3.890

Investors Group Trust

3.000

4.200

3.140

3.750

4.640

4.990

London Life

3.000

4.200

3.140

3.750

4.640

4.990

Manulife Bank

2.700

4.450

3.000

3.050

3.100

3.140

3.190

Manulife Trust

4.450

3.000

3.050

3.100

3.140

3.190

Meridian Credit Union

2.750

4.000

3.090

2.650

3.650

3.290

3.190

National Bank

3.000

4.400

3.140

3.040

3.750

4.390

4.790

Peace Hills Trust

4.500

3.150

3.500

3.750

3.850

3.950

President’s Choice Fin’l

3.000

6.190

3.190

2.940

3.590

4.040

4.440

Royal Bank of Canada

3.000

3.140

3.040

3.750

4.540

4.940

Servus Credit Union

4.000

3.140

3.040

3.750

4.240

4.790

T-D Mortgage

3.000

4.000

3.090

3.040

3.440

3.940

4.790

Tangerine

3.000

3.190

3.240

3.490

3.690

3.790

Rates are subject to change without notice.

MORTGAGE OPTIONS You can choose any of these mortgage options which fit into the two basic mortgage types. Lenders may even customize these options to suit your needs. All mortgages are of two basic types:

CONVENTIONAL

OPEN MORTGAGE

Buyer can borrow up to 75 per cent of the purchase price or the value of the property, whichever is less. Buyer has to pay 25 per cent down. A conventional mortgage cannot exceed 75 per cent of the value of the property.

Allows borrowers are to repay all or part of the total amount of their mortgage at any time without penalty. Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a short-term mortgage at high-interest rates to a longer term when mortgage interest rates fall.

INSURED OR HIGH-RATIO Buyer can borrow up to 95 per cent of the purchase price or the value of the property, whichever is less. The down payment can be as low as five per cent.

CLOSED MORTGAGE This usually has the lowest interest rate available but lacks the flexible features of other mortgage options. It’s a good

choice for those who want the security of knowing their monthly payment is fixed for a longer term. Prepayment options are available but they are subject to conditions.

PORTABLE MORTGAGE Offers flexibility if borrowers move. Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates. newcondoguide.com | VOLUME 17 ISSUE 11 | NEW CONDO GUIDE 81

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