Calgary New Condo Guide - Dec 12, 2014

Dec 12, 2014 - Jan 9, 2015 Volume 17 Issue 13

MORE ROOM FOR LIFE

INSIDE THIS ISSUE

16 HOT GIFTS TO WARM UP YOUR WINTER

HOLIDAY DÉCOR: HOW & WHERE TO STORE IT ALL

“BARE LAND” CONDOMINIUM CONVENIENCE

FINAL PHASE NOW RELEASED

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2013

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NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 5

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TABLE OF CONTENTS

Dec 12, 2014 – Jan 9, 2015 VOLUME 17 ISSUE 13

11

Discerning condo buyers discovering

STREETSIDE’S HUNTER HOUSE

COLUMNS, NEWS & FEATURES

010 EDITOR’S NOTE COLUMNISTS

016 HAPPY HOMEBUYING A new home for the holidays

BY DONNA MOORE

022 CONTEMPLATING CONDOMINIUMS Bare-land condominium convenience

BY LINDA PALFI

028 SAVING SPACE Holiday decor: How and where to store it all

BY SYLVIA DAOUST

CONDO FEATURES

011 COVER STORY Discerning condo buyers discovering Streetside’s Hunter House

BY HEATHER RYAN

IN THE NEWS

030 ASSURED COMMUNITIES / CALGARY URBAN EQUITIES Controversial Mission Road revamp breaks ground

BY LYDIA MCNUTT

034 ANTHEM PROPERTIES Hottest condo launch since the recession: Waterfront a sales success

BY LYDIA MCNUTT

036 ANTHEM PROPERTIES Park Point receives development permit approval 042 AVI URBAN Loonies lead the way as Avi Urban breaks ground on Canoe at Auburn Bay HOMEBUYERS’ HELP

044 MARKETPLACE Hot gifts to warm up the cold Canadian winter

BY SARA DUCK

047 HOMEBUYERS’ RESOURCE SECTION 050 INDEX PROJECT LOCATION MAPS

015 Southwest Map 019 Northwest Map 025 Northeast Map 027 Inner City 037 Satellite Communities 041 Southeast Map

44

30 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

34 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

36

newhomeandcondoguide.ca 2891 Sunridge Way N.E. Calgary, AB T1Y 7K7 COPYRIGHT 2014 Copyright covers the contents of

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CIRCULATION Copyright covers the contents of this

publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.

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 Partner’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

A NEW YEAR, A NEW CONDO Those planning a new condo purchase in the coming year will be pleasantly surprised by the exceptional value and attention to detail buying new has to offer. When you buy brand new, you don’t inherit somebody else’s worn carpeting, personal taste in kitchen appliances or paint colour preferences.

You get a fresh, clean space that’s waiting for your personal imprint.

Here are some tips to help make the purchasing process a pleasant one:

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

›› Shop the mortgage market to see what you can afford before you start your hunt. ›› Find a lawyer to review your offer and help you close the deal. ›› Don’t be persuaded by high-pressure sales tactics while shopping. ›› Determine which options and upgrades you want as part of your offer and ensure your lender will finance what’s required.

Factors like the cost of the home, neighbourhood and extra features play a big role in your final decision. Consider your purchase from every angle to ensure you’re making a smart move that you can live with for years to come.

A new year represents a fresh start, so kick it off right and make a new condo part of your plan in 2015!

YOUR HOLIDAY WISH LIST

LYDIA MCNUTT

EDITOR

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

If a new condo is on your holiday wish list, then you’re in for a treat. Today’s condominiums literally bring the term “dream home” to life, from the luxurious lifestyle they offer to the stunning suite designs with all the trimmings. And when I say “trimmings,” I mean the works: the finest features and the most fashionable finishes, and plenty more to enjoy beyond your front door.

The festive season is in full swing. Condo living lets you make a lasting impression with guests from the moment they step into the stunning entrance lobby, to the party room where they can dine and dance into the wee hours.

Your soiree will be the hottest ticket in town.

Beyond entertaining guests, there’s a lot to love about the condo lifestyle from day to day. A dip in the pool, a work-out at the gym, the games room, the theatre – they’re all yours to enjoy without ever leaving the comfort of home. How’s that for delivering your wish list?

Then again, the simpler aspects of condo living should not be overlooked, like not having to shovel snow off your driveway, and the freedom to lockand-leave when the Caribbean comes a-calling in the dead of winter.

All things considered, it’s no wonder that condo living has taken a top spot on the wish lists of many homebuyers of all ages and stages in life.

Live it, and love it. Happy holidays!

10 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

COVER STORY

DISCERNING CONDO BUYERS DISCOVERING

STREETSIDE’S HUNTER HOUSE // BY HEATHER RYAN DISCERNING CONDO BUYERS LOOKING FOR A HOME THAT PROVIDES AMPLE

space, a luxurious finishing package and double-car garages are quickly discovering Hunter House in Silverado.

Streetside Developments is currently constructing Hunter House, a fabulous community in southwest Calgary that offers buyers a choice of two distinctive multi-family options – townhomes or stacked bungalows.

“What’s really exciting about this project is the size of the homes. The square footage is more than you typically find in a townhome, and the homes are wider because they all come with a full-sized, double attached garage as well as a double-car driveway so you’ll never have a parking issue,” says Kevin Baragon, senior sales co-ordinator with Streetside.

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 11

Discerning condo buyers looking for a home that provides ample space, a luxurious finishing package and double-car garages are quickly discovering Hunter House in Silverado “The townhomes are also nicely finished inside and out,” he says. “The exteriors have Hardie Board siding, which looks incredible, and the homes are designed so they blend in well with the surrounding community.

“For these townhomes we also bumped up the standards inside so people don’t really need to spend extra on upgrades,” Baragon says, adding that some of the high-end features include granite/quartz countertops and large format tile floors. “But we also have options available, such as hardwood, for people who want to customize their home.”

Hunter House is being well received by buyers with the project being 50 per cent sold, says lead sales consultant Karen Payne. “We’re getting a number of people coming through our showhomes and a good

response to both the townhomes and bungalows because they have a wide appeal.

“The 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 maintenance-free living,” she says. “They love the size of the rooms, and that they have the look and feel of single-family homes.”

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 option for a dual master bedroom design), 2.5 bathrooms, and flex space on the garage level, priced starting from the $390,000s.

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.

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 and are perfect for empty-nesters, downsizers and retirees,” Payne says. “Purchasers like the higher-end finishings that include hardwood floors, tile in the kitchen, baths and laundry, and granite throughout.”

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 new townhome showhome, which opened on Dec. 6, and the two stacked bungalow showhomes. Hours are Monday to Thursday, 1 to 7 p.m.; Friday, weekends and holidays, noon to 5 p.m. Call 403.240.4664, or visit hunterhouseliving.com.

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 13

SOUTHWEST

More room for life.

New Townhome Show Suite Now Open!

With high-end finishes, quartz countertops and stainless steel appliances, townhomes at Hunter House set a new standard for living in southwest Calgary. Not to mention an attached double car garage to keep your vehicles frost-free this winter.

Townhomes from the $390’s and Stacked Bungalows from the $500’s.

Register online for updates at HunterHouseLiving.com 220 Silverado Plains Park SW | ph: 403.240.4664 14

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ME M O R I AL

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SOUTHWEST COMMUNITIES

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NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 15

HAPPY HOMEBUYING

// BY DONNA MOORE

A new home for the

HOLIDAYS

Donna Moore is executive officer of the Calgary Region Home Builders’ Association.

Call 403.235.1911 or visit crhba.com

I

f you’re one of the many Calgarians who bought a new home earlier this year so you can move in by 2015, then you’ll know planning a move over the holidays can be stressful.

The holidays are one of the most difficult times of year for moving, because not only do you have the festive season to prepare for, but there is added pressure to pack, unpack and ensure the home is ready for you and your family.

Further, a move during the holidays can be especially confusing for young children who worry about whether Santa can find their new address. So, take the time to reassure them that all will be well and despite the chaos of moving, keep up your traditions like putting out milk and cookies for that jolly old elf, or hanging up favourite decorations.

Once you’ve gone through the final inspection with your builder and have taken possession of your new home, the race to move begins. One of the best ways to minimize the stress is to be organized. Make list of everything that needs to be done so you can check things off as you go.

Also, rather than tackling the job of moving yourself or enlisting the help of friends and family – who are also likely facing their own festive pressures – consider hiring a professional moving company to help with the packing and unpacking, and lessen your stress.

When you’re packing up your old place, it’s a good idea to make sure your holiday decorations are packed together and clearly marked so they are easily accessible when you get to your new home. This way, you might not have time to unpack everything before the big day, but at least the new place will be decorated with festive cheer.

If this is your first home and you don’t have decorations, or can’t locate the old ones, don’t worry. Hanging a wreath on the front door, putting up a tree (even a small one), setting out some scented candles and playing festive music are a few easy ways to make your new abode seem more festive and comfortable.

There’s also a lot to be said for buying new decorations – it’s a new home, so why not go with a new look?

Of course, with stacks of boxes still left to unpack, entertaining friends and family in your new home may be daunting. Consider doing something that is less elaborate. Have some egg nog or other festive cheer on hand, serve a simple tray of cheese and crackers, veggies and dip, and you have the makings of a party that will toast a new home and a new year.

It’s also easy to agonize over cooking the traditional holiday meal with your dishes still packed and your favourite roasting pan nowhere to be found. Rather than stressing over how you’re going to get it all done, consider ordering in a festive meal, or having takeout. Even a simple meal can be made festive by dressing the table with candles, a colourful tablecloth and napkins. Alternatively, you can ask another relative to host dinner this year, taking all the pressure off you.

An added bonus to a holiday move is that it gives your family a chance to start some new traditions and celebrate a new beginning in a new home. Take the time to record the event so you have lasting memories of your new home – one that you and your family will enjoy for many years to come.

Happy holidays!

16 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

SOUTHWEST

Downsize, Don’t downgrade.

Cozy up this winter at Hunter House!

With high-end finishes, quartz countertops, and stainless steel appliances, Hunter House sets a new standard for living in southwest Calgary. Not to mention an attached double car garage to keep your vehicles frost-free this winter.

Townhomes from the $390’s and Stacked Bungalows from the $500’s.

Register online for updates at HunterHouseLiving.com 220 Silverado Plains Park SW | ph: 403.240.4664 17

NORTHWEST

Final Phase of Condos NOW SELLING!

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NORTHWEST COMMUNITIES

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

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NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 19

HAPPY HOLIDAYS! The end of a year brings reflection on the past, and the arrival of a new year brings dreams and opportunities. We thank you, our readers, for your continued support as we strive to bring you the best that the industry has to offer. We thank you, our advertising customers, for your patronage and continued loyalty to the magazine.

BEST WISHES IN YOUR HOME HUNT!

FROM ALL OF US HERE AT

20 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

F

NORTHWEST

FROM THE $300’S

CONTEMPLATING CONDOMINIUMS

// BY LINDA PALFI

BARE-LAND

condominium convenience Like a small community with its own mini-city council, a bare-land condominium corporation can deal with snow removal, lawn cutting and gardening, garbage removal, recreation facilities or even security services.

Paying for these services together is cheaper than each owner fending for himself. And many of them would simply be impossible on an individual basis.

Linda Palfi is a condominiumspecialist realtor with Discover Real Estate. She has overseen many condo projects as the chair of her condo board, and is a member of the professional standards committee of the Calgary Real Estate Board.

Further articles and her Calgary Condo Directory can be found online at CondosInCalgary.com. Call Linda for more information at 403.998.7732

J

ust as high-quality apartment homes can be owned in “condo” form, so too can building lots be owned outright, yet still enjoy the same collective efficiencies and controls through a condominium corporation. In fact, most Alberta subdivisions of townhomes and retirement villas are created and organized under the Condominium Property Act. Historically, we could only buy a lot in a subdivision and build, or have the developer build, the house we wanted. The neighbours had nothing to do with one another in a legal sense, and the first level of local authority was the municipality.

For some, that’s still the way to go, but it means you’d better be prepared to shovel your own driveway and walkway, or find and pay someone to do it. It’s one example of the tasks that can be organized and paid for more efficiently by a group of owners.

Range of options Condo bare-land developments offer a variety of lifestyles and service levels. In a townhouse development, you’d probably own the inside space of the home you buy, but all the owners together own the building exteriors and sponsor facilities like a swimming pool. You’d pay a monthly condominium fee, but you never dreamed you’d be able to afford a pool at your disposal daily!

In a bungalow-style bare-land condominium community you’ll find every property owner separately owns the entire house, inside and out, yet when they leave on vacation – snowbirds, perhaps – those owners know the lawn will be cut and the snow removed, and that all other collectively arranged services will be maintained. Although privately owned, their lot is managed land, maintained by the condominium corporation they, in part, own.

Design control is another benefit of condominium ownership in a bare-land condo development. Controls on what may be built seem unimportant, but we’ve all heard of the crash in property values that can occur when a neighbour decides to build a house shaped like a geodesic dome. It might be a terrific home, but can clash with neighbouring houses, and have value implications.

In a bare-land condominium subdivision, the developer will have created a set of controls, and you choose whether these are restrictions you desire, or choose to do without. If you buy a lot, your rights of ownership and investment value are equal to any other private-property owner. But you and your neighbours will together own the common driveways and facilities, and share the costs of any needed or desired extra services.

Evaluating a development Whether you’re shopping for a building site within a condominium subdivision or for a pre-built condo townhouse or condo retirement villa, there are documents you should see and questions you should ask.

The bare-land condominium plan will tell you a great deal. It must show the subdivision itself, much like any non-condominium subdivision plan will show a survey of the lots, their land area and perhaps even the structures on the lots.

But as well, the plan will show the “unit factors” for each lot, or what portion of

In a bare-land condominium subdivision, the developer will have created a set of controls, and you choose whether these are restrictions you desire, or choose to do without CONTINUED ON PAGE 24…

22 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

NOW PRESELLING ARRIVE AT

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CONTEMPLATING CONDOMINIUMS 10,000 equal parts in the common property you’d own with that lot.

Your share of collective expenses are apportioned accordingly.

Another vital document is the condominium corporation’s bylaws.

While a set of standard, provincially issued bylaws are available by default, a good development will have tailored these to the nature and needs of that specific development. A restrictive covenant to control the design of homes and garages may accompany the bylaws, if those controls have not been incorporated into the bare-land condo development’s condominium plan itself.

A few bylaw questions for prospective purchasers might include whether parking of large recreation vehicles is permitted, rules about pets, and how strict the rules are on home design. Remember, you own the land you build on, but either the condo plan itself, restrictive covenants or the bylaws can control what can be built, how tall,

CONTINUED…

and sometimes even what colour you can paint. Know what is allowed and what is not, then ask yourself if these controls match your preferences.

Other documents may also come to bear depending on the nature of the development, be it bare-land lots, completed villas or townhouses. These include a statement of the lot or living unit’s monthly condominium fees. As well, ask about documents detailing any legal claim against the condominium corporation, what management or recreation service agreements might be in place, the corporation’s budget and reserve fund (if yet established), right through to any developer’s mortgages that may be on the lot’s title pending completion of the development.

Rights of ownership Qualified by the rules, you may well want and choose to

live by for a given bare-land condominium development, rest assured that your ownership of your land within the project is as complete as the ownership of any other property. Here’s an excerpt from material prepared by the Alberta Real Estate Association: “The private ownership of condominium real estate, in the form of individual units, is a form of fee simple ownership.

This gives the title holder a bundle of rights including: the right to possess, control, use, lease, sell, and give away or the right not to do any of those things in relation to the property. That bundle of rights is no less complete than for non-condominium property.”

In summary, bare-land condominium is a form of land ownership that bestows rights of ownership, and investment, just as any other real estate gives. And it creates the organizational framework that can, if done operated well and chosen wisely by you, be the best of both worlds. You can have ownership and investment, yet efficient services and control of what goes on.

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Visit our sales centre at 3503 Sage Hill Drive NW or viridiancondos.ca 24 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

F I L E

N A M E S

A R E

F O R

I N T E R N A L

U S E

O N LY

METIS TRAIL

NORTHEAST COMMUNITIES

52 STREET

CALGARY INTERNATIONAL AIRPORT

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Now Open Register: einsteincalgary.com

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MacLEOD TRAIL

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DEERF

52 STREET

BARLOW TRAIL

GLENMORE TRAIL

ANDERSON ROAD

114 AVE SE

OOT T RA

IL

W BO

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LEO

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IL TRA

EK P ARK

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TTO BO

CRE

SHAWNESSY BLVD.

Coming Soon www.arrivehome.ca

16 AVENUE

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01 BRIDGELAND CROSSINGS

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04 STEPS BRIDGELAND

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CRI J OW OHN CH L ILD AUR IE TR BLV AIL D

Sales Centre #701, 7th Ave. NE livelifft.com

SADDLETREE DR.

FA L RID CON GE

NOSE HILL PARK

EDMONTON TRAIL

SH AG AN

NA

PI

DE

TR A

ER

IL

CO

128 NE Ave

COUNTRY HILLS BLVD.

FO OT TR AIL

VD. LS BL

Y HIL UNTR

03 LiFFT

BY VERICON REAL ESTATE VENTURES

STONEY TRAIL 06 07

U

MARQ

CHAPARRAL CRANSTON

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NE TR

LOR IS OF

COPPERFIELD

ABURN BAY

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 25

INNER CITY

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ENT 23 AVE S

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by

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INNER CITY 11 SOBOW

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6 AVE N

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VE 4A

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EN

12 KENSINGTON

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NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 27

SAVING SPACE

// BY SYLVIA DAOUST

HOLIDAY DÉCOR…

how and where to store it all!

I

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

Use empty egg cartons to store small, fragile ornaments

t’s time to get festive and dig out the holiday decorations. But wait, which box did you store the wreath and outdoor items in?

How much time will you spend “digging” this year? Every year my Christmas decorations accumulate, so making the most out of my small storage room is important. I re-evaluate the items that are kept in these few bins, and not everything makes the cut. The “old” and damaged items go first. After that, there are always a few pieces that land at Goodwill for someone else to enjoy.

While most of us love decorating for the holiday season, not many of us look forward to packing it all away after such a busy time of year.

Tossing a few items into the storage room and quickly closing the door may seem like an easy solution, but properly storing this year’s Christmas decor will make next year’s decorating a more joyous affair.

8 TIPS TO STORE YOUR HOLIDAY DECORATIONS AND SUPPLIES:

Use clear storage bins that stack well and number them (#1 of 10, #2 of 10).

02 Sort and store like with like, keeping items you normally display together in one box.

03 Use an empty coffee can to wrap light strings around. Store extra bulbs inside and slit the lid to put the receptacle end through.

04 Use empty egg cartons to store small, fragile ornaments.

05 Recycle segmented cardboard (liquor box inserts) and place in bins to separate delicate items. Don’t forget to wrap with tissue.

06 Make an “open first” box with items you typically need early in the season, such as cards and table settings.

07 Put together a “toolbox” to store holiday essentials like tape, scissors, ribbon and ornament hooks.

08 Create a custom gift-wrap centre using a long under-bed box. Store wrapping paper, ribbon and tags all in one handy bin.

01

If you are a creature of habit, take a few photos after your home is decorated to remind you how and where you displayed your treasures.

Before you head out to purchase extra wrapping supplies, take inventory of what you have left over from last year’s wrapping station.

It’s no fun to dive into this holiday task with a few partial rolls of paper, and only a handful of tags.

Happy holidays!

28 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

FIND OUT WHY INGLEWOOD IS NAMED CANADA’S GREATEST NEIGHBOURHOOD. GR O AND

JAPNENING 17 VISI DT UNS* A OW 101 Ave2S9th T TOD E AY!

ARTIST CONCEPT

City park and river views – Bright spacious, quiet living with large deck areas.

Enjoy all that Inglewood has today. 12 minute walk to FREE LRT. The Developer reserves the right to make revisions it deems appropriate in its sole discretion, to floorplans, unit configuration, and finishings. Unit sizes are estimates only and subject to revision by the Developer.

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NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 29

IN THE NEWS

CONTROVERSIAL MISSION ROAD REVAMP breaks ground // BY LYDIA MCNUTT

CALGARY’S ASSURED COMMUNITIES and Calgary

Urban Equities have broken ground on a new mixed-use project that is at the heart of the Mission Road redevelopment – and a source of some controversy among existing residents of this historic neighbourhood in the southwest quadrant of the city.

Following two years of intense planning and an involved approvals process, the shovels are now in the ground on Mission 34 – the $20-million, 47-unit townhome, apartment and live/work development which will redefine the corner of 34th Avenue and Mission Road SW and bring a “main street” vibe to the area.

The project is in sync with a national development trend that is seeing mixed-use projects and urbanization as the new norm, according to a recent report titled Emerging Trends in Real Estate 2015 released by PwC and Urban Land Institute. Young homebuyers are increasingly passing up the extra square footage afforded by suburban communities and embracing the move to mixed-use urban developments.

The theme of the Mission 34 development is intersections, “read: transitions,” says project Jonathan Allen, president of Calgary Urban Equities. Think live meets work, urban meets suburban, vision meets lifestyle, inspiration meets community, structure meets slope, aspiration meets opportunity. It’s a complex theme which arises from the urban conditions that already exist along the Mission Road corridor.

“The common boundary of communities is a common condition from which ‘main street’ mixed-use activities most often arise,” Allen explains. “10th St. in Kensington, 4th Street in Mission and 33rd Avenue in Marda Loop are 30 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

but a few local examples. The fact that this condition exists along Mission Road, combined with its historic significance and its ‘gateway location’ at the south end of 4th Street SW, made this neglected stretch of urban streetscape an ideal setting for the City to attempt to evolve an improved urban planning and approval process – and better development results.

“Mission 34’s ground breaking is as important for the early result of the City’s ‘Mission Road Innovation Project,’ as it is for the Mission 34 development itself,” Allen says. “That said, Mission 34 itself has been confronted with, and triumphed over, a broadly representative range of social, systemic, process and other issues which continuously hamper the implementation of the City’s policy around urban densification. It’s because of this that the Mission 34 project will be an important reference point in our ongoing understanding and continuous improvement of urban redevelopment planning, approval processes and ultimately, meaningful results.”

From a private development standpoint, Allen admits, “there’s easier ways to make a living! My company and our partners are genuinely committed to leadership in developing meaningful solutions to the complex challenges involved in improving Calgary’s urban communities. Though modest in scale, we’re proud of the result on Mission Road.”

INNER CITY

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 31

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IN THE NEWS

Hottest condo launch since the recession:

ANTHEM’S WATERFRONT A SALES SUCCESS // BY LYDIA MCNUTT

THERE’S NO DENYING IT – CALGARY REAL ESTATE IS HOT. Solidifying that statement is Anthem

Properties’ recent sales success at their latest condo launch, Waterfront. The Vancouverbased developer managed to sell 252 of its suites at Waterfront in a span of just three days – the most units sold during a grand opening period since the recession, and just another indicator of Calgarians’ insatiable appetite for urban condo living.

According to Statistics Canada, 77 people move to Calgary every day, and by 2035, the downtown population will swell from its current 35,000 residents to 75,000. The boom is spurring a new downtown economy, and with it, expanding residential and commercial opportunities.

According to Greg Zayadi, vice-president of sales and marketing at Anthem, 1,800 people registered for a chance to purchase one of the 288 suites at Waterfront.

“People lined up before doors opened,” he said. “We built on the success of Waterfront’s first two phases. Even without a show suite, people bought condos based on location, floor plans and price points.”

Located in Calgary’s Eau Claire neighbourhood – “downtown along the bow,” as the community’s tagline aptly reads – Waterfront is a master-planned community consisting of 10 buildings in various stages of completion, from already built and occupied, to those under construction, and more in preconstruction mode. When completed in 2018, the Waterfront community will bring more than 1,000 condo units to downtown Calgary.

“The downtown condo market is a segment of housing that never existed before in Calgary,”

34 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

said Zayadi. “The city’s skyline will be completely transformed in the coming years. We look forward to releasing more condos early next year.”

Anthem’s latest condo launch joins a slew of riverside condos, retailers, restaurants, hotels, the Eau Claire Market and urban parkland, which have combined to transform this formerly industrial area into one of Calgary’s most vibrant hotspots – and one of the most popular places to call “home.”

For more information, visit waterfrontcalgary.com.

11 AVE SE

12 AVE SE 6 ST SE

5 ST SE

4 ST SE

13 AVE SE

35

IN THE NEWS

PARK POINT RECEIVES DEVELOPMENT PERMIT APPROVAL

Storefronts, live-work townhomes add pedestrian-friendly lifestyle around Central Memorial Park QUALEX-LANDMARK HAS ANNOUNCED IT received

approval on its development permit from the City of Calgary for Park Point with a unanimous vote by the Calgary Planning Commission (CPC). This will be QualexLandmark’s sixth residential highrise condominium in downtown Calgary. The development permit allows the Beltline developer to prepare its construction schedule to start excavation in 2015.

Park Point will consist of two towers with 34 and 27 floors, beginning with phase one encompassing 287 new condominiums in the heart of Calgary’s thriving Beltline community.

The mixed-use residential condominium tower will consist of a wide selection of one- and two-bedroom suites, street-level live-work townhomes, and penthouses.

“Our conceptual plans have come to fruition with an incredibly modern residential condominium building,” says Mohammed Esfahani, president of Qualex-Landmark.

“Development permit approval is an important milestone for the project and allows QualexLandmark to proceed with our plans to continue to inject the Beltline with superior architecture that will contribute to the improvement and liveability of the community.”

Residents of Park Point will benefit from a pedestrian-friendly and walkable neighbourhood with a unique urban vibe. Park Point will contribute to the energy and vitality of the streets and sidewalks with its street-level retail and live-work townhomes. Suites will have an open-air balcony or patio with views of downtown, Rocky Mountains, the historical Central Memorial Park and skyline beyond.

Located on the former CIBC Operations Centre building site at 12th Ave and 2nd Street SW, Park Point will offer exclusive access to owner-accessed indoor and outdoor amenities.

36 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

PICTURED

Park Point overlooks Central Memorial Park in Calgary’s thriving Beltline Community. Photo credit: Qualex-Landmark

Sophisticated owner-accessed outdoor amenities capitalize on views. Overlooking Central Memorial Park is an outdoor yoga and Pilates sun deck. The rooftop podium will feature a Zen terrace, open-air lounge with a fire pit, barbecues and ample seating for rest, relaxation and enjoyment.

The indoor amenity space will include a steam room and sauna with change room facilities, a private owner’s lounge and social space with a kitchen for entertaining. For out-of-town visitors, a guest suite is available in each tower. There is 24-hour concierge, secured parking, bike storage and bike maintenance stations, as well as vehicle, bike and dog wash areas.

Located between two primary transportation routes (11th Avenue and 12th Avenue SW), Park Point is close to all of Calgary’s transit networks: the LRT is four blocks north, the connection to the Plus 15 network is 1.5 blocks away and there are 10 bus stops within one city block of the site.

The first release of Park Point homes is anticipated for early 2015.

Those who register now at qualex.ca/parkpoint/ will be first to receive information on the community’s progress and future purchase opportunities.

CALGARY’S SATELLITE COMMUNITIES 22

AIRDRIE 04

1A

20

10 12

13 14

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03 THE RISE

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05 STONE CREEK LANDING

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OKOTOKS

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14 HEARTLAND TOWNHOMES

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17 ZEN OKOTOKS

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13 Riviera Way Cochrane, Alberta

08 THE RANGE

BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 37

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03 MUSKOKA

BY BROOKFIELD HOMES 65 Auburn Meadows Way

04 MOSAIC LAKESIDE AUBURN BAY

BY BROOKFIELD HOMES

22

16 06 08

Corner of Seton Blvd and Auburn Bay Link SE

17 MOSAIC MIRAGE

BY BROOKFIELD HOMES 347 MacKenzie Towne Gate

18 THE GATES

BY REMINGTON DEVELOPMENT CORPORATION

13

13

01 CRANSTON RIDGE

BY CARDEL LIFESTYLES

16 AUBURN BAY

BY STONECROFT

COPPERFIELD

12

W ST. 52

AIL

VITT

D TR

McKE

UIS MARQ

116 Quarry Park Way SE

02 11

16

LEO

Mac

S JAME

TR

EK P ARK

27 Auburn Bay Link SE

211 Mahogany Way

13 MOSAIC CRANSTON

BY BROOKFIELD HOMES

114 AVE SE

DEERF18 OOT T RAIL

CRE

12 EBONY

BY JAYMAN MODUS

84 STREET

52 STREET

19

BARLOW TRAIL

GLENMORE TRAIL

ANDERSON ROAD

SHAWNESSY BLVD.

Coming Soon 25 Auburn Meadows Ave SE

11 CHALETS IN COPPERFIELD

BY SABAL HOMES

SOUTHLAND DRIVE

FISH

10 CANOE

BY AVI URBAN

52 STREET

ELBOW DRI VE GLENMORE RESERVOIR

17 Ave

BLACKFOOT TRAIL

17 Ave

MacLEOD TRAIL

ILD

SETON BLVD.

Presentation Centre: 350 Quarry Park Blvd SE

19 CHAMPAGNE

BY REMINGTON DEVELOPMENTCORPORATION

05 LEGACY STREET TOWNS

BY HOMES BY AVI

Quarry Park Blvd SE remingtoncorp.com

Now Open 42 Legacy Blvd SE

20 CRANSTON PLACE

BY CARDEL LIFESTYLES

06 ZEN

BY AVALON MASTER BUILDER

302 Cranston Road SE

22 MAHOGANY STREET TOWNS

BY HOMES BY AVI

82 Auburn Bay Link SE

07 AUBURN WALK

BY CARDEL LIFESTYLES

13 Marine Dr SE

23 SYMMETRY AND HARMONY

BY STONECROFT

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

121 Copperpond Common SE

08 MUSKOKA

BY BROOKFIELD HOMES 27 Auburn Bay Link SE

09 BRISTOL TOWNHOMES

BY BIRCHWOOD NOW SELLING 232 Quarry Park Blvd. SE

COPPERFIELD PARK III LOVE IT. LIVE IT. AFFORD IT.

CONDOS* FROM THE $130’S +GST Titled parking stall included.

*

www.copperfieldpark.com 403.723.0094 NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 41

IN THE NEWS

Loonies lead the way as AVI URBAN BREAKS GROUND ON CANOE AT AUBURN BAY AFTER MUCH ANTICIPATION, AVI URBAN HAS BROKEN GROUND AT

their SE Calgary condo development, Canoe at Auburn Bay. Charron Ungar, president of Avi Urban, celebrated this momentous occasion with excited staff and trades who braved the cold to be part of this significant milestone.

“The production launch of another Avi Urban development is always one of my most favourite parts of the development process,” says Ungar. “It signals a point where our vision for the community finally has a chance to become reality. It is an exciting time for us, because now our teams get to work on building, but it is also a great time for our homebuyers, as they will soon see the rendered image from the marketing brochure come to life,” he adds. “At the end of the day, we want to ensure a great build for Canoe, and this is a major milestone along that path.”

It is customary in some cultures to bury money under the foundations of a new home to bring the new homeowners luck and prosperity. With this thought, and to bestow goodwill on the new homeowners, all Avi Urban staff and trades arrived with loonies that they initialed and added good luck messages for all of those who will call Canoe at Auburn Bay “home.” The collection of loonies will be buried under the foundations of the development.

Canoe at Auburn Bay features studio, one-bedroom, and two bedroom-apartment condos ranging from 620 to 1,300 sq. ft. Inside, homes offer bright, modern elements like flat-panel cabinetry, glass tile backsplashes, personalized built-in options and nine-ft. ceilings. Outside Canoe, homeowners can connect with their neighbours in a lake country-inspired courtyard, complete with a custom fire pit. Hundreds of trees will surround 42 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

connective walkways that take homeowners through the development to the future LRT station and convenient retail plaza next door.

Starting in the $200’s, there are still units available in Canoe and the second building is scheduled for release in early 2015. Information about future releases can be found by registering at aviurban.com/Canoe, or by calling 403.536.7282. The sales centre is located at 103 Auburn Meadows Dr. SE and is open Monday to Thursday from 2 to 8 p.m.; and weekends and holidays from noon to 5 p.m.

About Avi Urban: Avi Urban is a Calgarybased builder of quality multi-family homes.

Recognizing a demand for innovative multifamily developments, Homes by Avi created Avi Urban in 2000. From the beginning the goal was to offer homeowners the ultimate in comfort and function, while building innovative, thoughtful developments that bring an urban aesthetic to a highly livable product.

By redefining multi-family development, Avi Urban has earned its place as an innovative market leader. Avi Urban’s broad range of communities include a highly modern live/work development in the inner city, street-oriented row housing in exclusive neighbourhoods and large scale, multi-phase townhome developments.

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Published by

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 43

MARKETPLACE

2014 HOLIDAY

GIFT GUIDE Check out these hot gift ideas to get you through the cold Canadian winter! // BY SARA DUCK

2

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Want it!

3 4

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6

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7

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CONTINUED ON PAGE 46…

45

MARKETPLACE

Love it!

CONTINUED…

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12 13 14

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8. Benjamin Table Lamp. $199. VISIT URBANBARN.COM 9. Drip Maple Syrup - Amber. $26. VISIT CHAPTERS.INDIGO.CA 10. Koldby Cowhide in Brown. $299. VISIT IKEA.CA 11. Smoky Maple Tea by Pluck. $8. VISIT CHAPTERS.INDIGO.CA 12. Landscape Yukon Dinner Plate. $18. VISIT DRAKEGENERALSTORE.CA 13. Atelier - Scandinavian - Tree Trunk Side Table. $170. VISIT BOUCLAIR.COM 14. Dapper Animal Mugs. $10 each. VISIT WESTELM.COM 15. Faux Fur Pillow in Black Bear. $49. VISIT CHAPTERS.INDIGO.CA 16. Horn Bottle Opener. $5. Castwall Bottle Opener. $7. VISIT TARGET.CA 46 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

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

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 47

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

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

01

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.

02

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

06

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

03

07

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.

04

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.)

05

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.

48 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

COMPARE MORTGAGE RATES FOR YOUR BEST DEAL VARIABLE

ATB Financial Alterna Svgs Alterna Bk Bank of Montreal Bank of Nova Scotia Canadian Western Bank CFF Bank CIBC ICICI Bank Canada Manulife Bank National Bank President’s Choice Financial Royal Bank TD Canada Trust Tangerine Community Trust Concentra Financial Effort Trust Home Trust Company Investors Group Trust MTCC Airline Financial C.U. Comtech Credit Union First National Fin. LP FirstOntario C.U. IC Savings London Life Luminus Financial MCAP Meridian Credit Union Parama Credit Union Steinbach Credit Union T-D Mortgage Tangerine

2.7 2.6 2.6 3 2.6 3 3.05 2.7 2.65 3 3 3 2.5 2.6 4 2.95 2.6 n/a 2.6 2.5 2.75 2.85 2.5 3 3

6 MONTHS

4 4 4 4 4.55 4 4.45 4.4 6.5 5 4.45 3.95 4.2 4.55 6.2 3.95 4.2 4 4 -

1 YEAR

2.94 2.98 2.98 3.14 3.29 3.14 3.69 2.99 3.15 3 3.14 3.14 3.09 3.19 3.14 2.89 3.45 2.89 3.14 3.29 3.01 2.99 2.99 3.09 3.05 3.14 2.95 3.6 3.09 2.85 2.65 3.09 3.19

2 YEARS

2.89 2.98 2.98 3.04 2.79 3.04 3.75 2.79 3.65 3.04 3.04 2.94 3.14 3.04 3.24 3.25 2.25 3.6 2.89 3.14 2.79 3.1 3.25 2.59 3.14 2.99 3.14 2.75 3.95 2.65 3.05 2.8 3.04 3.24

3 YEARS

2.99 2.98 2.98 3.85 3.44 3.75 2.59 3.65 3.64 3.04 3.75 3.59 3.95 3.44 3.49 3.95 3.44 3.7 2.79 3.75 3.44 3.33 3.29 2.69 3.29 2.99 3.75 3.6 4.35 3.65 3.15 2.9 3.44 3.49

4 YEARS

3.04 2.94 2.94 4.39 3.94 4.39 3.79 3.14 3.69 3.09 3.09 2.99 3.14 3.14 3.69 4.74 3.94 4.6 2.94 4.64 3.94 3.65 2.99 2.89 2.94 3.39 4.64 2.95 4.84 3.29 3.25 2.95 3.94 3.69

5 YEARS

3.24 3.19 3.19 3.29 3.19 4.99 3.04 3.24 3.89 3.09 3.39 4.44 3.24 3.29 3.79 4.99 4.79 4.95 2.95 4.99 3.19 3.99 2.99 3.09 3.09 3.39 4.99 3.15 5.14 3.19 3.4 3.1 4.79 3.79

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.

NewHomeAndCondoGuide.ca | VOLUME 17 ISSUE 13 | NEW CONDO GUIDE 49

INDEX OF ADVERTISERS

READ MORE ABOUT OUR ADVERTISERS! Arrive at Evanston

Partners Development Group

23

Auburn Walk

Cardel Lifestyles

3

Avli

Red Management

29

Champagne

Remington Development Corp.

2

Copperfield Park III

Brad Remington Homes

52

Creekside Village

Carlisle Group

Canoe

Avi Urban

Emerald Sky

Carlisle Group

The Gates

Remington Development Corp.

40

Groves of Varsity

Statesman

18

The Guardian

Hon Towers ltd.

4

Heartland Townhomes

Excel Homes

37

Hunter House

Streetside Developments

The Post

Avi Urban

21

Kensington

Bucci Developments

26

LIDO

Battistella

29

Park Point

Qualex Landmark

6

Riverfront Pointe

Carlisle Group

Cranston Ridge

Cardel Lifestyles

3

Sabal Homes

Sabal Homes

45

SoBow

M2i Developments

7

V&V

Providence Developments

31

Veridian

Trico Homes

24

Waterfront Parkside

Anthem Developments

5

Zen

Avalon Master Builder

39

50 NEW CONDO GUIDE | VOLUME 17 ISSUE 13 | NewHomeAndCondoGuide.ca

32-33 51 32-33

1, 11-14, 17

32-33

CONDOS FROM THE

TO THE

Sales Centre: 755 Copperpond Blvd. SE | 403.723.0094 2:00-8:00pm Monday-Thursday |12:00-5:00pm Sat-Sun/Holidays MAP IT!

www.copperfieldpark.com