Calgary New Home Guide - June 21, 2013

June 21 - July 19, 2013 Volume 16 Issue 07

Discover old-world charm in Calgary’s Northwest.

A Celtic-themed community is taking shape amid the rolling hills and idyllic setting of Nolan Hill.

Page 12

inside this issue

001-NHCAL CVR_06-21-2013.indd 1

CANADIANS CONFIDENT IN HOUSING MARKET

CHOOSING THE RIGHT NEW-HOME OPTIONS

THE BENEFITS OF USING A MORTGAGE BROKER

6/14/13 1:35:20 PM

mattamyhomes.com

Cityscape Is Something Big. And It’s Open Now.

Cityscape Showhome, The Sapphire

Cityscape is a fresh, vibrant, urban neighbourhood where our architecturally designed homes offer modern, open floorplans in a master-planned community.

Cityscape is variety in home styles. You’ll find everything from affordable, stylish Townhomes, homes for first-time buyers to move-up homes in a range of styles and sizes.

Cityscape offers 2 Showhomes well worth touring. One is a 1,658 Sq. Ft. Laned Home and the other is a stunning 2,602 Sq. Ft. Double Car Garage Home that is a new hallmark of the homebuilding art.

Stoney Trail NW

Sales Centre

Stoney Trail NE

Country Hills Blvd

2 Métis Tra il NE

Cityscape is a whole new way to live in Calgary. It’s the start of something big and it’s open right now. Look North and live well.

201

rfoot Trail Dee

The master-planned community features a 115 acre Environmental Reserve that brings nature right into the neighbourhood and offers plenty of room to explore on the walking trails and paths. Future school sites and a convenience retail district are part of the master plan.

1

Downtown Calgary

Sales Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm. visit us on facebook facebook.com/mattamyhomesyyc All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

Calgary_New Home Guide_(City) June2013.indd 1 002-Mattamy Homes 06-21-13.indd 2

2013-06-06 9:30 AM 6/13/13 11:38:50 AM

Ravine & High end Amenity Lots Available! starting from the

569 starting from the

$

$

950

s

includes house, lot and GST.

s

includes house, lot and GST.

Last Chance!

Limited opportunities remain to own in this quiet exclusive neighbourhood!

Community Amenities: • 20 minutes to the airport and a quick drive to CrossIron Mills Mall via Stoney Trail • located directly off Trans Canada highway with quick access to the mountains • extensive trails and pathways leading down to the Bow River • close to shopping, restaurants and services • 15 minutes to downtown Cambrian IV Showhome in The Ridges of Valley Pointe Estates

R id

g e Dri v e N W

Trans Canada Hwy

idge Bl v

Valley

dN

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• 5 minutes to Canada Olympic Park

Showhome Location:

For more info call Jack at:

266 Valley Pointe Way NW, Calgary

S to

Va ll

R ey

SHOWHOME

ney Trail NW

3686 sq. ft.

• adjacent to Valley Ridge Golf Club

Trans Canada Hwy

1 Canada Olympic Park

Showhome Hours:

twitter.com/shanehomeliving

Mon - Thurs: 2 to 8 pm

facebook.com/shanehomes

Sat, Sun & Hol: 12 to 5 pm

pinterest.com/shanehomes

403-536-2304 shanehomes.com *Pricing subject to change without notice.

CGY-CMP-1178 Walden Park new home Guide JUne double-Page Spread 15 x 10.5

Arriva 2 model home in Walden Park

SINGLE FAMILY 04

INNER CITY

CONDOS + TOWNS

In communities all across Calgary

Stylish urban architecture lives at Walden.

And so can you.

Modern architecture and visionary planning have created an environmentally sustainable community, with stylish results. In Walden, parks and pathways link master-planned collections of urban-fusion homes for move-up and estate buyers.

ArrIvA 2 Model hoMe noW oPen

22X

•

Front landscaping including irrigation

Chap arr

194 Ave

SE d Trail

•

Large lots including walk-outs, park lots and west-facing backyards

Macleo

•

Dr al

2A

Unique modern architecture

Walden Gate Walden T Terrace

Walden Dr

Walden Close

2

Deerfoot Trail SE

$515s

Marquis of Lorne Trail SE

Chaparral Blvd

EStAtE hoMES StArtING FroM thE

Walden Way

Limited opportUnity

Visit us online for interactive floorplans or stop by our model home.

Sales Centre: 14 Walden Close Se | Phone: 587.350.1129 hours: mon-thur: 2 pm-8 pm | Closed Fridays Sat, Sun & Holidays: noon-5 pm

Built for real life.

CArdELhoMES.CoM

05

contents JUNE 21 - JULY 19, 2013

||

VOLUME 16 ISSUE 07

cover story United Communities IRISH CHARM – DIVERSE HOUSING CHOICES WELCOME BUYERS TO NOLAN HILL PAGE 12

features & editorials IN EVERY ISSUE

IN THE NEWS

8

14

EDITOR’S NOTE

COLUMNISTS 30 MAKE YOUR MOVE

32

Do your research and choose your mover wisely

BMO

Canadians confident in housing market: report STEPPER CUSTOM HOMES

A new innovation in Calgary showhomes

by Danm Hopkins

34

INSIGHT

Landscape solutions

by Brad Jackman

42

THE HOMEBUYING PROCESS

Choosing the right features and options for your new home

by Donna Moore

44

FUNDAMENTALLY SPEAKING

Homeownership affordability improving for Calgary

by Wayne Karl

47

HOMEBUYERS’ HELP COVER STORY

12

MORTGAGE MOGUL

Why use a mortgage broker?

by Jason Eldridge

Nolan Hill – diverse housing choices welcome buyers

by Heather Ryan

16

SHOWHOME REVIEW

Shane Homes offers dynamic contemporary look in Orion in Nolan Hill

by Heather Ryan

18 38

BUYING YOUR FIRST HOME

Tips for buying your first home STYLE FILE

The tile file

by Yanic Simard

48

HOMEBUYERS’ RESOURCE SECTION

Mortgage calculator and rate table

VICE-PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill

DIRECTOR OF SALES, WESTERN CANADA

Josh Heppner

EDITOR-IN-CHIEF, NATIONAL REAL ESTATE

Susan Legge ART DIRECTOR

Bianca DiPietro EDITOR

Wayne Karl CONTRIBUTING EDITORS

Sara Duck Elisa Krovblit Lydia McNutt (on leave)

16 34

Melanie Gowans

SENIOR MEDIA CONSULTANT

403.200.8462 Follow us on twitter at Twitter.com/NewHomeGuideMel Like us on facebook; facebook/CalgaryNHG

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Greg Van Sluytman GRAPHIC DESIGNER

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MANAGER OF PRODUCTION

Bala Gnanapandithan NATIONAL ACCOUNT MANAGER, MEDIATIVE

Paul Slizys

FOR ADVERTISING INQUIRIES PLEASE CONTACT:

403.200.8462

FOR NATIONAL ADVERTISING INQUIRIES CALL:

416.263.6783

PUBLISHED BY

district maps 9

NORTHWEST

21

NORTHEAST

23

COCHRANE

25

AIRDRIE

29

SOUTHEAST

37

OKOTOKS

41

CALGARY REGION SOUTH

43

CALGARY REGION EAST

45

SOUTHWEST

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

Calgary’s New Home Guide is published 13 times per year. We are located at 2891 Sunridge Way NE Calgary, AB T1Y 7K7. Phone: 587.226.1313. The magazine is free to the public.

COPYRIGHT 2013 All rights reserved by New

Home Guide, Toronto, Ontario, Canada.

Reproduction in any form is prohibited.

Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

TERMS Advertisers,

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

EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at Susan.Legge@wall2wallmedia.com.

editor’snote

Think you can’t afford a home?

It’s more affordable than you first thought

M

uch 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 need only 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 townhouse and condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s time to move you can often opt to remain in the same neighbourhood, since many communities offer a mix of designs and sizes, which allows families to relocate easily without having to change jobs or schools.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of the price spectrum. Many builders and developers are gearing up for their grand openings and have new communities available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

Susan Legge EDITOR-IN-CHIEF Wall2Wall Media, Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

Proximity premium

Being close to transit, highways and other infrastructure more important than ever

T

he ongoing debate over infrastructure improvement – and more importantly, how to pay for it – continues to be a contentious issue. Many Canadian cities face a growing need to repair existing infrastructure that is decades old, as well as build new infrastructure to accommodate growth.

The latest federal budget, tabled in March, promised increased funding for infrastructure improvement. Bodies representing the home building industry are weighing in with their needs and wants, and the potential impact of this issue on communities and homebuyers.

Meanwhile, a recent survey from BMO Bank of Montreal shows that being close to public transit and having a short commute are among the top features people look for when buying a home.

Do you see the predicament? Proximity and access to transit and amenities are critical for buyers and builders alike. New-home communities close to existing infrastructure – or committed expansions – are at an increasing premium. Prospective homebuyers should note this fact as they scout for their new home location.

Wayne Karl EDITOR Wall2Wall Media, wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

08 NEW HOME GUIDE | JUN 21 - JUL 19, 2013

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NOTE: Map is just a graphic representation of areas of developments.

17 AVENUE

17 AVENUE

37 STREET

SARCEE TRAIL

69 STREET

01 PANORAMA HILLSproject for more details.

04 SAGE HILL See ad of a particular

10 Hanson Ranch

SHOWHOMES: Sage Hill Point NW, Sage Valley Park NW, Sage Hill 11 Milano Green NW Showhomes: 99 Panatella Hill NW BUILDERS: Shane Homes, Excel Builders: Trico Homes Homess, Trico Homes, Morrison Homes, Discovery Homes, Baywest Homes, Homes by Avi

02 ROYAL OAK 05 NOLAN HILL:Showhomes now open Showhomes: Hidden Creek Blvd. NW

DEVELOPER:Developer: Birchwood Properties DEVELOPER: United Communities Cedarglen Homes | Cardel Homes esis Land Development Corp. | BUILDERS: Birchwood Properties BUILDERS: Homes by Avi, Morrison x Developments Builders: Genstar Homes, Shane Homes, Sterling on Homes | Majestic Homes | 03 EVANSTON Homes, Today’s Homes, Trico Homes, Homes | Centrex Homes SHOWHOMES: Evanspark Circle NW DEVELOPER: Qualico BUILDERS: Broadview, NuVista, Trico Homes, Pacesetter Homes, Sterling Homes, Jayman MasterBUILT

SHOWHOMES: 8 Evansview Manor DEVELOPER: Genstar BUILDERS: Cardel Homes, Acuri Homes

SHOWHOMES: Sage Meadows Circle NW DEVELOPER: Genesis Land Development Corp.

BUILDERS: Genesis Builders Group, Passion Homes, Reid Built Homes, Today’s Homes www.genesisbuildersgroup.com

11 VALLEY POINTE ESTATES

DEVELOPER: Melcor BUILDERS: Shane Homes, Reid Built Homes, Landmark Homes, Homes by Avi

12 BEARSPAW WILLOW CREEK

BUILDERS: Astoria Custom Homes, Hyatt Homes, Laratta Homes, Mckinley Masters Custom Homes

13 WATERMARK AT BEARSPAW

BOW TRAIL

SHOWHOMES: Panatella Blvd. NW, Panatella Square NW, 9 CityLife Panora Way NW Showhomes: 2003 20th Ave. DEVELOPER: Genstar Developer: Birchwood Properties BUILDERS: Homes by Avi, Cardel Builders: Excel Birchwood Properties Homes, Landmark, Homess, Arcuri Homes

SHOWHOMES: 150 Kincora Glen Rd. DEVELOPER: Melcor BUILDER: Excel Homess

09 EVANSVIEW BE

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SHOWHOMES: Tuscany Estate Rise NW DEVELOPER: Brookfield Residential BUILDERS: Albi Homes www.tuscany-community.com

10 SAGE MEADOWS

85 STREET

16

NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

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WOODLAND ROAD

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5 Kinkora Glen Rd. NW

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15 16

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COUNTRY HILL S BLVD.

LV R ID GE D

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128 AVE.

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144 AVE. NW

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28 Sherwood Blvd.

›› NORTHWESTCOMMUNITIES

Creations by Shane Homes, www.nolanhillunited.com

06 BEACON HEIGHTS

SHOWHOMES: Sherwood Crescent NW DEVELOPER: Intergulf Cidex BUILDER: Trico Homes, Intergulf Cidex

DEVELOPER: Macdonald Development Corporation BUILDERS: Astoria Homes; Albi Homes, Trickle Creek Homes, Wolf Custom Homes www.watermarkatbearspaw.com

14 EVANSRIDGE

DEVELOPER: Dundee Developments BUILDERS: Homes by Avi, Genesis Builders Group, Landmark Homes, Morrison Homes, Innovations by Jayman, Westview Builders, Stepper Custom Homes, Calbridge Homes, Excel Homes coming soon

15 ROCK LAKE ESTATES

DEVELOPER: Decker Management BUILDERS: Ashton Custom Homes, Crystal Creek Homes, Lupi Luxury Homes

16 ROCKFORD ESTATES - TRAIL’S END BUILDER: Jager Homes

17 SHERWOOD

DEVELOPER: Melcor BUILDERS: Shane Homes, Homes by Avi, Genesis Builders Group

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 09

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE ANYTIME

Now you can view all of Wall2Wall Media’s publications online, anytime, using your mobile, PC or tablet

NewHomeGuide.ca Published by

10 NEW HOME GUIDE | JUN 21 - JUL 19, 2013

Cranston offers homes for almost any taste, lifestyle and budget. Visit our showhomes to discover what’s right for you.

Take Deerfoot Trail south to Cranston Ave SE and follow the signs to Cranston.

SINGLE FAMILY HOMES

CONDOS AND TOWNHOMES 1 2

302 Cranston Road

HARVEST MOSAIC FROM THE $200,000s

290 Cranford Drive

SEMI-DETACHED HOMES 3

BROOKFIELD HOMES SIDE-BY-SIDE FROM THE $290,000s

109 Cranford Way

SINGLE FAMILY HOMES 4 5

WITH FRONT ATTACHED GARAGE

CARDEL LIFESTYLES FROM THE $180,000s

BROOKFIELD HOMES FROM THE $300,000s

6

CEDARGLEN FROM THE $400,000s

7

SHANE FROM THE $400,000s

8

TRICO FROM THE $400,000s

9

MORRISON FROM THE $400,000s

10

201 Cranford Drive

DISCOVERY FROM THE $300,000s

166 - 177 Cranford Drive

11

210 & 214 Cranston Gate 218 & 222 Cranston Gate 226 & 230 Cranston Gate 401 Cranford Drive

THE HIGHLANDS BY CARDEL FROM THE $450,000S

89 Cranarch Common

LANDMARK SOLAR NETZERO FROM THE $490,000S

233 Cranarch Common

nature

can be your next door

neighbour

Visit our showhomes today or find out more at

LiveCranston.ca

LiveBrookfield

Brookfield_Insert 06-21-13_OUTSIDE.indd 1

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Developed with today’s active lifestyle in mind.

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It’s only natural to feel at home in Cranston. The Bow River is just down the street. Fish Creek Park is virtually in your back yard. And snow-capped mountains are visible on the horizon.

Cranston is perched majestically on a ridge overlooking the meandering Bow River Valley. With Cranston Market, two schools and a private recreational facility, Cranston has everything you need, right in your own backyard.

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CRANSTON ROAD

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CRANBERRY ROAD

CRANSTON ROAD

CRANARCH ROAD

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SCHOOL

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or find out more at

ON

CRANARCH COMMON

BO

(you’ll find a map in the back of this magazine)

ST

10

Visit our showhomes today

4

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SHOPPING

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The community has been developed with today's active lifestyle in mind, taking full advantage of the surrounding natural landscape. Hike, bike, rollerblade or jog year-round on the paved, granular and single-track biking trails located throughout the park and more than 100 km of hiking trails through the park’s various habitats.

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PATHWAYS Map is not to scale.

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NEW SHOWHOMES NOW OPEN! Discover old-world charm in Calgary’s northwest.

Visit two recently opened showhome parades and tour twelve homes from six award-winning builders.

Simply take Sarcee Trail north from Stoney Trail and follow the signs.

nolanhillunited.com

LANED HOMES

from the $320s

FRONT ATTACHED GARAGE HOMES

from the $400s to the $800s

Homes by Avi | Market Street Homes | Morrison Homes Shane Homes | Sterling Homes | Trico Homes

Drake Landing • Forest Crowne • Nolan Hill • The Ranch • Sage Hill • Silverado

unitedcommunities.com

coverstory

Irish charm Diverse housing choices

welcome buyers to Nolan Hill

by Heather Ryan

A

Celtic theme that adds a touch of old-world Irish charm, a dedicated memorial park and a diverse choice of housing styles are taking shape in Nolan Hill and welcoming new-home buyers to this picturesque northwest community.

Situated on more than 500 acres off Shaganappi Trail and north of Stoney Trail, United Communities is crafting the masterplanned community of Nolan Hill that offers a gorgeous natural setting with rolling hills and ravines, an abundance of greenspace and three beautifully designed wet ponds.

One of Nolan Hill’s most inviting features is the newly crafted castle-ruin at the main traffic circle entry that sets the Irish tone for the community.

“Both the Irish theme and identity of Nolan Hill have really started to unfold with the completion of the castle-ruins entry features,” says Steve LePan, marketing director with United Communities. “The Irish castle ruins that distinguish Nolan Hill represent old-world values of character and integrity.

“Although a great community is developed over time with the strength of per12 New home Guide | JUN 21 - JUL 19, 2013

sonal bonds and interaction of families and neighbours, the castle-ruins structures are a symbol and a foundation on which a great community can grow,” he says.

Sitting to the west of the castle-ruins traffic circle will be Nolan Hill’s Memorial Park – a gathering place for residents to enjoy.

“The park will be dedicated in memory to Ron Nolan – a community stalwart and a pillar of the development industry for over 20 years and Ron’s heritage and dedication to community live on in Nolan Hill,” LePan says.

Along with the impressive castle ruins, architectural styles also reflect the community’s Irish theme, following the British Isles tradition of emphasizing the natural features and unique setting, yet allowing for a refreshing diversity in home styles.

The home designs complement the beauty of the surrounding landscape and the use of architectural details, stone and a palette of deep, rich colours create an interesting streetscape that has broad appeal and ensures lasting value.

United is also thrilled to see a great response from visitors to Nolan Hill’s two new showhome parades that opened this spring. The parades include six laned homes and six front-attached garage homes that offer a wide range of floorplans and sizes to suit a variety of lifestyles from firsttime to move-up buyers.

Homes by Avi, Market Street Homes and Trico Homes are crafting laned homes in Phase 3 that start in the $320,000s.

“Phase 3 is selling well and many of the lots in this phase are approved for secondary suites,” LePan says. “Being able to offer a secondary suite option is important because it gives many homeowners help with paying their mortgage.”

“Both the Irish theme and identity of Nolan Hill have really started to unfold with the completion of the castle-ruins entry features.” – Steve lepan

Meanwhile, Morrison Homes, Shane Homes, Sterling Homes are creating front-attached garage homes in Phase 5 priced from the $500,000s.

Phase 5 offers buyers a selection of move up and estate-style homes as well as fabulous ridge lots.

Townhomes are also now available in Nolan Hill with Trinity by Jayman Modus, which offers three-storey, three-bedroom townhomes with double attached heated garages starting from the $300,000s and Avi Urban will also have a townhome project named The Post that will be selling this summer.

Nolan Hill offers acres of greenspace and parks, as well as its extensive linear pathway system that will wind its way through the community enticing residents of all ages to get out for an evening stroll or morning bike ride. Along with the convenient access to the community amenities, such as the wet ponds, ravine and pathways, there are numerous playgrounds, school sites and playing fields planned.

An added benefit to Nolan Hill is its location. It’s close to several major routes including Stoney Trail, Sarcee Trail and the soon-to-open Shaganappi Trail offering ease of access to downtown, the airport, points across the city and out-of-town to the foothills and mountains.

“Sarcee Trail is open to Nolan Hill so residents have a convenient route to Beacon Hills shopping centre, which has an array of big retailers such as Costco, groceries, shops, services and eateries, and is only minutes away,” LePan says, adding “a wide range of amenities at Creekside and CrossIron Mills shopping centres are just a short drive away.”

For more information about Nolan Hill, visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., or visit nolanhillunited.com JUN 21 - JUL 19, 2013 | New home Guide 13

inthenews

BMO Housing Confidence Report: regional shift in buying intentions while affordability improves Despite cooling conditions in Canada’s

housing market, the latest BMO Housing Confidence Report shows nearly half of Canadian homeowners (48 per cent) intend to buy a property in the next five years – mostly unchanged from fall 2012 – signalling a high level of confidence in Canada’s housing market is continuing into 2013.

However, regional data reflect a different story. In major city centres, intent to buy in Vancouver is on the rise, while Calgary has dropped by 13 points. Further east, buying intentions in the Greater Toronto Area (GTA) and Montreal have stayed steady over the same period. Provincially, Atlantic Canada has seen the largest increase in buying intentions, jumping by 15 points since the fall.

The report also reveals that perceptions of mortgage affordability have improved since the fall, with a 10-point drop in the proportion of mortgage holders making spending or saving cutbacks to afford their mortgage payments.

“The relative strength of the Canadian housing market continues to bolster homeowners confidence, while improving affordability across all regions reflects that Canadians are making responsible choices when it comes to financing a home,” says Martin Nel, vice-president of lending and investments, BMO Bank of Montreal.

Nel adds that for Canadians looking to buy a home – particularly first-time buyers – choosing a fixed rate mortgage and a lower amortization period can help to increase financial stability.

“The improvement in affordability reflects continued income growth nationwide and softer home prices in a few regions since the summer,” says Sal Guatieri, senior economist, BMO Capital Markets. “That said, affordability remains an issue in the detached markets of Vancouver and Toronto, pushing more buyers into the condo market.”

BMO’s second semi-annual report also revealed: Homeownership intentions »» Vancouver intent rises, Calgary falls: Intentions to buy in Vancouver have increased by five points since the fall (58 versus 53 per cent) while intent in the Greater Toronto Area and Montreal has held steady (59 versus 57 per cent).

Meanwhile, plans to buy have decreased in Calgary by 13 points since the fall (39 versus 52 per cent).

14 New home Guide | JUN 21 - JUL 19, 2013

»» Under 40 Crowd moving on up: Close to half of all homeowners under 40 intend to purchase a larger home within the next five years (46 per cent), and are three times more likely to move to a more expensive rather than a less expensive neighbourhood (24 per cent versus eight per cent). »» Real estate investment: 10 per cent of homeowners plan to buy a recreational property in the next five years, down two points from last fall. Furthermore, homeowners planning to buy an investment property have declined to six per cent from eight per cent last fall.

Price sensitivity eases while expectations stay mostly flat »» Nationally, sensitivity to price increases has lessened significantly. Intentions to buy would drop only four points in the event of a five-per-cent increase in home prices compared to a 10-point drop last fall. Over the next year, homeowners expect prices to rise by 2.0 per cent. »» In Ontario, intentions to buy would not change as a result of a five-per-cent increase in prices. However, a 10-percent swing would dampen plans to buy by 17 points. »» Alberta appears to be the most sensitive region to price changes, where a five-per-cent increase in prices would result in a 12-point decrease in buying intentions, compared with only one point in the fall. Over the next year, Albertans expect prices to increase 1.9 per cent, down from three per cent in the fall. »» A five-per-cent increase in prices in BC would lower intent to buy from 48 to 39 per cent – statistically unchanged from fall 2012. In Vancouver, homeowners expect a price increase of 1.5 per cent compared to a decrease of 0.6 per cent in the fall. Furthermore, only 15 per cent expect values to drop – down from 27 per cent in the fall.

“In Vancouver, buyers seem eager to take advantage of the modest decline in home prices over the past year, while, in Calgary, strong price gains appear to have put some potential buyers on the fence,” says Guatieri.

Mortgage affordability improving »» The total percentage of mortgage holders needing to cut spending or dip into savings to make their mortgage payments has decreased by 10 points since last fall (45 versus 55 per cent). »» Specifically, the number of mortgage holders making cutbacks to spending on big-ticket purchases has decreased by nine points in the same period (25 versus 34 per cent). »» One-in-five mortgage holders have reduced the amount they are saving in order to afford their mortgage, down from 27 per cent in the fall. »» 15 per cent have dipped into their savings to make mortgage payments, down slightly from 17 per cent in the fall.

15

showhomereview

Shane offers dynamic contemporary look in Orion in Nolan Hill

by Heather Ryan

W

ith a dynamic contemporary look, a showstopping kitchen and an eye-catching ensuite it’s easy to see why buyers are raving about Shane Homes’ latest showhome in northwest Calgary’s Nolan Hill.

The Orion, a 2,068-sq.-ft. two-storey home with double front attached garage “is one of our best selling plans and the showhome is gathering a great response,” says area manager Jeff Luif. “A lot of people say the home feels much bigger than the square footage because there’s no wasted space and it offers features you normally find in an estate home.

“The showhome presents a very contemporary look with a gourmet kitchen and lavish ensuite that you could easily see in an estate home and people love it,” Luif says.

“They also like how it’s decorated – it gives the home a spacious, fresh look and it’s really turning heads.

“People who visit the Orion won’t forget it because it offers new ideas for decorating and an amazing kitchen – it’s really something different.”

16 New home Guide | JUN 21 - JUL 19, 2013

From the entry, you’ll love the bright and spacious feel from the nine-ft ceilings to the grand view through to the rear of the home, made possible by the open stairs. There is room in the entry for a bench or hall table and a corner niche adds a decorative touch. The grey-toned tile floor and cool grey and crisp white colour scheme presents an inviting, sleek, modern look.

At the rear of the home, the kitchen is simply stunning with its two-tone high-gloss cabinets in white and dark brown, white quartz countertops, full-height glossy white tile backsplash with border and sparkling stainless steel appliances including a built-in wall oven and microwave.

However, the focal point is the absolutely gorgeous nine-ft. island with its gas cook top and stainless steel and glass hood that drops from the overhead bulkhead. The quartztopped level island also offers ideal space for food prep and there is ample seating for casual meals or entertaining at the breakfast bar.

Across from the kitchen, the great room is highlighted by a modern, rectangular wall-centred cosmo fireplace that

Beside the kitchen, the spacious nook ensures plenty of room for casual or formal dining and a single door to the rear deck makes it easy to dine outdoors. is surrounded in decorative mosaic grey and black tile from floor-to-ceiling and features a large niche above for artwork or a big screen TV. Beside the kitchen, the spacious nook ensures plenty of room for casual or formal dining and a single door to the rear deck makes it easy to dine outdoors.

A corner door in the kitchen opens to the walk-through pantry that leads to the mud room and garage entry and there is a convenient half-bath located by the garage and front entries.

Heading upstairs to the left, owners will adore their suite, which offers substantial space to accommodate a king-sized bed, but the highlight is the luxurious ensuite that includes a soaker tub that extends out from the wall and separates the large his and her vanities, a separate built-in make-up table, private water closet, walk-in glass shower and a large walk-in closet.

Down from the owners’ suite are two generous-sized bedrooms for the kids, a main full bath and a good-sized laundry room.

The bonus room adds a distinctive wow factor with its impressive built-in entertainment centre providing exceptional space for electronics and other items and a niche for your big screen TV. Large windows allow for plenty of natural light and create a comfortable atmosphere for enjoying movie night with the family.

You can visit the Orion showhome, and also check out the Tofino showhome in Nolan Hill, located at 258 Nolan Hill Blvd. N.W., open Monday to Thursday, 2 to 8 p.m., and weekends, noon to 5 p.m. For more information, call 403.536.2302 or visit shanehomes.com JUN 21 - JUL 19, 2013 | New home Guide 17

askanexpert

Q&A

ASK AN EXPERT: by HEATHER RYAN

Check ground drainage to avoid getting water in your basement Q: With all the rain we’ve had in the last few weeks, how can we avoid getting water in our basement?

A: “The most important thing you can do to avoid water damage is to ensure water is draining away from your home,” says Don Quast, quality control manager for Shane Homes. “Homeowners should inspect around their foundation because you want to keep moats away from the house. Check to see if there are any ground depressions or settlement where water can collect and drain down along the foundation and seep into the basement.

“A lot of people put their downspouts up in the winter and when they’re mowing the lawn and forget to put them back down, but it’s important to do so to allow water to drain away from the foundation,” Quast says.

“I’ve noticed some people are burying their downspouts under the ground because they don’t want to be tripping over them, but this is not a good idea,” he says. “With our Chinooks and the freeze and thaw cycle, water can back up trapping it in the pipe and saturating the soil around the foundation, creating a situation where seepage can occur.”

If you have a sprinkler system in the lawn or garden, Quast

says you need to make sure the sprinkler heads are not up against the foundation. “If you have any overflow problems at the sprinkler head or a leak, water can collect around the foundation and that water could seep into the basement.”

Homeowners with below-ground window wells should also check them to make sure water isn’t collecting in the wells, and that water is draining away from the wells. Quast also doesn’t recommend planting grass right up to the top of the wells, as there is the potential for water to drain into the wells.

Finally, when doing any landscaping, especially if you’re putting a garden against the foundation of the house, which Quast doesn’t recommend, consider the ground slope, so that rain will drain away from the home and not settle against the foundation.

Quast suggests homeowners check out the Alberta New Home Warranty and City of Calgary websites to learn more about surface water management.

Buying your first home There’s nothing quite like owning your own home – getting to know your neighbours, decorating and creating a place to call your own. But owning a home is not just as simple as finding the right home in the right neighbourhood; your financial situation is an important factor in the type of home you can afford. For example, you need to determine how much you have for a down payment and, based on your budget, what mortgage payment you can comfortably carry.

One of the most common first-time homebuyer questions is affordability. Here are four ways to help make your homebuying experience smooth and straightforward: 1. Understand Your Financial Situation Your financial needs will change and evolve throughout your life. Working with a trained professional to understand your current financial situation and your future goals can help you assess what type of home you can afford.

2. Ask About Your Credit History A credit rating is a measure of how dependable you are in repaying your debts. A good credit rating goes a long way in helping you obtain credit and determine the interest rate you will receive. When it’s time to borrow, a lending institution will 18 New home Guide | JUN 21 - JUL 19, 2013

know if you are credit worthy. For more information on your credit history, contact TransUnion or Equifax Canada and get your credit report free of charge by mail.

3. Get Pre-Approved By getting pre-approved, you will know how much home you can afford, which will allow you to shop with confidence within your price range. Plus, obtaining pre-approval is absolutely free.

4. Ask About Extended Amortization Extended amortization is available on most mortgage products, providing the flexibility to lower your mortgage payments by spreading them over a longer period of time. By extending your amortization, however, you will increase the amount of interest that makes up your mortgage payment. It is important to choose a mortgage that allows you to increase your payments and make lump-sum payments when you can.

Keep these important points in mind to help you find the house you love at a price you can afford. For more information or assistance with your mortgage needs, visit your nearest CIBC branch, call 1.800.465.CIBC (2422) or visit cibc.com/mortgages NC

JAY-2642 7.5X10.5 Skyview NHBG_June12.indd 2

13-06-12 8:38 AM

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HARVEST HILLS

METIS TRAIL

STONEY TRAIL

36 STREET

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›› NORTHEASTCOMMUNITIES

16 AVENUE

16 AVENUE

NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

01 SADDLESTONE

SHOWHOMES: Saddlelake Place NE DEVELOPER: Genesis Land Development Corp.

BUILDERS: Genesis Builders Group www.genesisbuildersgroup.com

02 SADDLEBROOK

DEVELOPER: MLC Land Company BUILDERS: Elite Homes, Pacesetter Homes, Trico Homes

03 SKYVIEW RANCH

SHOWHOMES: Skyview ranch Way NE & Skyview Springs Gdn NE DEVELOPER: Walton Development and Management BUILDERS: Creations by Shane Homes, Innovations by Jayman, Beattie Homes, Morrison Homes, Excel Homes, Shane Homes, Pacesetter Homes, Lionsworthe Homes

04 REDSTONE

DEVELOPER: Qualico Communities BUILDERS: Broadview Homes, NuVista Homes, Pacesetter Homes, Innovations by Jayman, Trico Homes

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 21

22 NEW HOME GUIDE | JUN 21 - JUL 19, 2013

›› COCHRANECOMMUNITIES RA

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02 JUMPING POUND RIDGE

SHOWHOMES: Jumping Pound Terrace www.jumpingpoundridge.com BUILDERS: WestView Builders, Kingsmith Homes

03 SUNSET RIDGE

SHOWHOMES: Ridge View Green Sunset Way DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi SHOWHOMES: River Heights Blvd., River Heights Cres.

DEVELOPER: Tamani BUILDERS: Phase 3: Innovations by Jayman, Sabal Homes Phase 4: Jager Homes, Jayman MasterBUILT, NuVista Homes

RIVERV 42

SHOWHOMES: Heritage Green DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Trico Homes,

RD

01 HERITAGE HILLS

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NOTE: Map is just a graphic representation of areas of developments.

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05 MONTERRA ON COCHRANE LAKE

SHOWHOMES: Monterra Link DEVELOPER: Medallion Development Corp.

BUILDERS: Prominent, Modena, Cornerstone, Brooklyn, Astoria Custom Homes

06 WESTPOINTE ESTATES

SHOWHOMES: West Pointe Manor DEVELOPER: MGM Developments.

BUILDERS: Mapleland Homes, Kingsmith Homes

07 FIRESIDE

LOCATION: Cochrane DEVELOPER: La Vita Land BUILDERS: Calbridge, Janssen, Kingsmith, Landmark, Reidbuilt www.firesidecochrane.com

08 HEARTLAND

SHOWHOMES: Horse Creek Road DEVELOPER: Apex Developments BUILDERS: Excel Homes www.heartlandcochrane.com

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 23

RANGE RD 40

HORSE CREEK RD.

NG

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›› AIRDRIECOMMUNITIES 01 BAYSIDE ESTATES

3

7

VETERANS BLVD

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SHOWHOMES: Bayside Circle SW, Baywater Crescent DEVELOPER: Genesis Land Development Corp.

BUILDER: Genesis Builders Group, McKee Homes, Coco Homes, Sovereign Homes www.genesisland.com

02 WINDSONG

SHOWHOMES: Windsong Dr. DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

03 REUNION

EAST LAKE

SHOWHOMES: Reunion Street NW. & Reunion Grove NW DEVELOPER: Hopewell Residential Communities BUILDERS: Excel Homes, Sabal Homes, McKee Homes

NOSE CREEK

04 KING’S HEIGHTS

1 YANKEE VALLEY BLVD

YANKEE VALLEY BLVD

9 2

NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

5

6 4

SHOWHOMES: Kings Height Blvd.

DEVELOPER: Melcor BUILDER: Jayman MasterBUILT, Loreck Homes, McKee Homes, Reid Built, Shane Homes

05 RAVENSWOOD

SHOWHOMES: Ravenswood Drive DEVELOPER: Qualico BUILDERS: NuVista, McKee Homes, Pacesetter, Broadview

06 COOPERS CROSSING

8

SHOWHOMES: Cooper’s Drive, Cooperstown Court DEVELOPER: Westmark Holdings BUILDERS: McKee Homes, Trico Homes, Artigiano Developments, Canterra Custom Homes

07 WILLIAMSTOWN

SHOWHOMES: Williamstown Green DEVELOPER: Vesta BUILDERS: Douglas Homes, Talisman Homes, Vesta

08 HILLCREST

Developer: Apex Developments Builders: Excel Homes, Shane Homes, Trico Homes http://hillcrestairdrie.com

09 PRAIRIE SPRINGS

Builders: Prominent Homes, McKee Homes

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 25

26

27

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13-06-03 4:58 PM

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›› SOUTHEASTCOMMUNITIES 36 STREET

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SHOWHOMES: Cranarch Landing DEVELOPER: Brookfield Residential BUILDERS: Albi Homes, Shane Homes, Cardel Homes, Cedarglen Homes, Trico Homes, Discovery Homes, Landmark Homes, Baywest Homes, Brookfield Homes www.livecranston.ca SHOWHOMES: Walden Terrace SE DEVELOPER: Genstar BUILDERS: Cardel Homes, Innovations by Jayman, Excel Homes, Homes by Avi, California Homes, Avi Urban

52 STREET

HLAND DRIVE

2 AVENUE

03 CRANSTON

GLENMORE TRAIL BARLOW TRAIL

MORE VOIR

SHOWHOMES: Copperpond Heath SE and Copperpond Blvd. SE www.copperfield.ca DEVELOPER: Hopewell Residential Communities BUILDERS: Excel Homes, Sabal Homes, Stepper Custom Homes

52 STREET

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4

SHOWHOMES: Mahogany Boulevard SE & Mahogany Heights SE DEVELOPER: Hopewell Residential Communities BUILDERS: Jayman MasterBUILT, Sabal Homes, Stepper Custom Homes, Trico Homes, Homes by Avi ESTATE SHOWHOMES: Mahogany Manor SE BUILDERS: Baywest Homes, Calbridge Homes, Morrison Homes www.mahoganyliving.com

06 McKENZIE TOWNE

DEVELOPER: Brookfield Residential ELGIN VILLAGE SHOWHOMES: McKenzie Towne Dr. SE, Elgin Meadows Green SE., Elgin Estates View SE BUILDER: Cardel Homes, Albi Homes, Cove Properties, Cardel Lifestyles, Brookfield Homes, Avalon Master Builder www.livemckenzietowne.ca

07 NEW BRIGHTON

SHOWHOMES: New Brighton Dr. SE DEVELOPER: Brookfield Residential BUILDERS: Shane Homes, Cardel Homes, Trico Homes, Cedarglen Homes, Morrison Homes, Homes by Avi, Innnovations

by Jayman, Brookfield Homes www.livenewbrighton.ca

08 CHAPARRAL VALLEY 10

9 01 AUBURN BAY

SHOWHOMES: Auburn Shores Way SE & Auburn Springs Blvd SE, Auburn Bay Blvd. SE, Auburn Sound Manor SE, Auburn Bay Gardens, Auburn Shores Landing DEVELOPER: Brookfield Residential BUILDERS: Brookfield Homes, Cardel Homes, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Inspire by Jayman www.liveauburnbay.ca

SHOWHOMES: Chaparral Valley Drive SE & Chaparral Valley SQ DEVELOPER: Genstar BUILDERS: Cardel Homes, Jayman MasterBUILT, Innovations by Jayman, Cardel Lifestyles, Homes by Avi, California Homes

09 QUARRY PARK

SHOWHOMES: Quarry Landing SE, Quarry Parkway SE. DEVELOPER: Remington Corporation BUILDERS: Cardel Homes

10 LEGACY

DEVELOPER: Westcreek Developments BUILDERS: Stepper Custom Homes, Albi Homes, Trico Homes, Excel Homes, Sterling Homes, Creations by Shane Homes

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 29

makeyourmove

Do your research and

choose your mover wisely When

it

comes

to

moving,

a

little

homework ahead of time can save a lot of headaches later on.

Face it – your “stuff” is important to you, and you want movers who treat your furnishings and accessories that way.

Some items such as toasters and even sofas can be replaced if they are damaged, but other things such as family photos and heirlooms are irreplaceable. At Two Men And A Truck, we adopted the tagline “Movers Who Care” to reflect how critical it is to treat every move with complete respect for our clients and every one of their possessions.

When you shop for a mover, remember that the lowest bidder is not necessarily your smartest move. You want a company that has a track record for providing excellent service – with “service” being the key word. Customer service includes much more than the actual packing and transporting of your items; it starts with the first contact.

You should be able to expect a pleasant, professional representative to provide you with an estimate that is well thought out and fair.

Service extends to promptness, cleanliness and thoroughness at both ends of the move. It also involves open lines of communication. Ask questions of the movers you are considering – and if they are reluctant to give you a straight answer, move on to others.

One of the best ways to find a mover is through word of mouth. Ask your friends, neighbours and relatives which companies they used and how pleased they were.

Another valuable resource is the Internet. Research moving firms and find out how long they have been in business. Find out if and how their workers are trained in the packing and transporting of goods. Ask what you can expect before, during and after the move.

You can also check with the Canadian Association of Movers (movers.net), that has a web page for consumers.

This trade association represents moving and storage companies and is aimed at helping customers connect with reliable, professional moving services. A look through the member directory and posted articles on this website is one more tool that can help in your search.

30 New home Guide | JUN 21 - JUL 19, 2013

Dan Hopkins is Chief Operating Officer, Two Men and a Truck Canada. twomenandatruck.ca

Moving can be one of the most exciting – and most stressful – times of your life.

Hiring a mover who cares as much as you do about getting your possessions from point A to point B efficiently, economically and safely will reduce the stress and increase the fun. Your movers play an integral role in helping you adapt to your new surroundings.

If you are planning a move in the future, think ahead and start your research now.

The more comfortable and confident you feel in the mover you select, the smoother moving day will go. Customer service, walking the walk and talking the talk, is really what its all about!

inthenews

The stepper experience:

A new innovation in Calgary showhomes

With the homebuying experience being one of life’s created an innovative new way to experi- most important decisions, Stepper Custom Homes has ence a showhome. The “Stepper Experi- brought that emotional connection to the showhome. As ence” is an intimate, emotion filled and an innovative leader in the Calgary home building inmultimedia focused presentation that dustry, Stepper Custom Homes believed that it was time helps potential buyers visualize them- to bring a fresh approach to how Calgary’s homebuyers selves in a Stepper Custom Home. experience Calgary’s showhomes.

The Stepper Experience starts in the In introducing the Stepper Experience, Stepper Welcome Lobby in the sales centre. The Custom Homes shows its passion for the home building customer is welcomed by a series of brief industry and a desire to live up to the corporate vision videos that introduces them to two fami- to be the “Builder of Choice” to potential and current lies actually living in the showhomes. customers, industry partners, the community and our Once they enter the showhome, they see employees. and hear real life family moments taking place. With audible echoes of family For more information on The Stepper Experience, contact dinner or the measuring of kids heights Murray Danyluk, Manager, Marketing and Communications, on the wall, these showhomes feel like at 403.695.1150 or mdanyluk@stepperhomes.com they are being lived in.

Stepper Custom Homes has

32 New home Guide | JUN 21 - JUL 19, 2013

CHBA - Calgary Region

2012

insight

Landscape

solutions

by BRAD JACKMAN

L ANDSCAPE 360 BELIEVES THERE IS A

landscape solution for every problem a homeowner may encounter. These photos illustrate a landscape problem which needed to be addressed. The homeowners were faced with an awkward unusable slope. The function of this space was not maximized due to the large grade change from their side yard, to the level of their walkout basement. The solution in this case was a two-tiered retaining wall. This wall allows for two defined garden beds, which include trees, shrubs and lighting. Creating this defined space provided the homeowners with a patio at the proper grade, feature garden beds and a level turf area for family and

friends to enjoy. The materials used for this project were specifically chosen due to the large scale of the property.

Retaining walls create boundaries, provide function and most importantly support earth. Quality of construction and durability are critical. Walls can be the most important part of your landscape. Walls could be described as the main structure or hardscape of your property. They can be creatively incorporated in many ways. Garden beds, steps, boulders, trees, shrubs and lighting can all become part of your retaining walls. Drainage, grade, structure and function must be considered at every level. Stack stones are more cost effective than natural stone and come in a wide variety Landscape 360. Professional Landscape Construction.

34 NEW HOME GUIDE | JUN 21 - JUL 19, 2013

of colors, textures, and sizes. They can follow curves and circles or be very linear and straight. This product allows for a very defined and balanced look. With a manmade concrete product, you are able to build these walls perfectly level. Retaining walls are great for many applications and are an excellent solution to landscape problems.

With a variety of high quality products and many different design concepts, a patio can be customized to complement any space. Natural stone is the highest quality material to use for a patio and can provide the look of a flush outdoor floor. Paving stones are also an option and can be creatively incorporated into your yard. Paving stones are more cost effective than natural stone, and there are many options of colors, textures and sizes. Concrete is a product which is extremely functional, low maintenance and very cost effective. Concrete can be done with a brushed, exposed or stamped finish. All types of patios can follow curves and patterns or be very linear and simple.

That awkward unusable space can be transformed into a patio providing your living space with function, intimacy and comfort. When built properly a patio is a great creative landscape solution.

Landscape 360 is focused on providing our clients with professional landscape construction from design to completion. With experience, creativity, hard work and dedication, we will exceed your expectations. The service and product we provide will withstand the toughest elements, while giving your home a personality. With a commitment to quality, Landscape 360 is driven to establish strong relationships with each client.

403.452.0360 | landscape360.ca |

like us on facebook JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 35

THERE’S NO PLACE LIKE HOME! You’re not in Kansas anymore…

You’re in Drake Landing – a magical realm where it’s possible to buy a brand new home AND enjoy the schools, parks, shops and recreational amenities of an established neighbourhood. The final two phases are now selling, so you still have time (if you hurry!) to build a new home and become part of Okotoks’ newest “old” community as well known for its conservation commitments as its family-friendly amenities. visitdrakelanding.com for directions and tour a showhome today.

HOMES FROM THE $400s LIFESTYLE HOMES | PROMINENT HOMES | STERLING HOMES

DRAKE LANDING | FOREST CROWNE | NOLAN HILL THE RANCH | SAGE HILL | SILVERADO

WWW.UNITEDCOMMUNITIES.COM 36

NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

OKOTOKS AIR RANCH

YSTAL SH OR ES RD.

BANN

R.

ISTER CR GATE

ID GE D

SANDSTONE DR. MOUNTAINVIEW GATE

338 AVE. E.

2A

NO RT HR

8

1 7

OKOTOKS

549

CRYSTAL RIDGE GOLF CLUB

MILLIGAN DR.

3 32 ST. E.

2A

WEST

370 AVE. E.

SHOWHOMES: Ranchers Crescent DEVELOPER: Bordeaux Developments BUILDERS: Baywest Homes, Sterling Homes, Wolverine Custom Homes

02 CIMARRON

DEVELOPER: Tristar Communities BUILDERS: Excel Homes, Trico Homes, Cedarglen Homes, Coco Homes, Today’s Homes, California Homes, Assured Homes

03 DRAKE LANDING

SHOWHOMES: Drake Landing Way, Drake Landing Crescent and Drake Landing Hill DEVELOPER: United Communities BUILDERS: Lifestyle Homes, Morrison Homes, Shane Homes, Sterling Homes, Creations by Shane Homes, Prominent Homes

RO N TR A I L

2B

N

32 ST. E.

WESTLAND ST.

01 OKOTOKS AIR RANCH & RANCHERS’ RISE

AR

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6 4

SOUTHRIDGE DR.

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5

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LVD.

7

2A

04 WESTMOUNT

SHOWHOMES: Westland Street DEVELOPER: Prominence Development Corp.

BUILDERS: Jager Homes, Reid Built Homes, Sterling Homes, WestView Builders

05 EAGLE CREST

SHOWHOMES: Directly behind Westmount DEVELOPER: Prominence Development Corp.

BUILDERS: Carpenter Homes

07 CRYSTAL RIDGE

SHOWHOMES: Crystal Green Dr. DEVELOPER: United Communities BUILDERS: Sterling Homes, Baywest, Crossley Homes

08 MOUNTAINVIEW

(NOW OPEN) AT SANDSTONE DR. & MOUNT BURNS GREEN Apex Developments BUILDERS: Excel Homes, Sterling Homes www.mountainviewokotoks.com

06 THE HILL IN WESTRIDGE SHOWHOMES: Westridge Road DEVELOPER: Qualico BUILDERS: Sterling Homes

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 37

stylefile

The tile file

photo by brandon barre

by Yanic Simard

It may be funny getting an English lesson from a

French designer, but here-goes: “tile” refers to any type of earthenware slab used to cover a building surface, and we know it to be a very popular choice for interiors, from kitchens to bathrooms and beyond. Ancient Greeks began using baked tile to replace thatched roofs – later it was named “tuile” by the French and became a design staple. Modern tile can be natural or manufactured, large or small, tough or delicate, and when done right always makes a great investment. Here is my guide to all things tile: Material

›› C eramic is the oldest tile, having been produced for more than 4,000 years. Made of clay, sometimes mixed with other earthy materials. Typically the most inexpensive, but because any colouration is usually applied only to the surface it may show wear and tear much faster. Great for decorative details such as borders and backsplashes. ›› P orcelain is an advanced form of dense ceramic tile, baked at high temperatures and less porous, which originated centuries ago in China but only in recent decades became available to the

masses. The colour runs through the entire thickness, so a small chip won’t stand out.

Works for showers, tub surrounds, floors, and backsplashes as it wears well. More expensive than ceramic, but less than marble – Porcelain remains the most popular tile choice. ›› Stone tiles cut from natural materials like slate, sandstone and granite are resilient like porcelain, with a more raw textural surface and unique variations in colour. Typically, hard-wearing and thus popular for flooring.

Travertine is sometime used as a marble substitute, but beware that it can be much softer than other stones. ›› Marble is a natural stone prized for centuries for its timeless beauty – every slab is unique.

Very porous, it is susceptible to stains and thus must be sealed properly. If you’re concerned, use it sparingly in places where it will see minimal contact with water, oils, or products (such as a powder room). Calacatta Oro is my favourite variety – also look to designer fave Cercan Tile for their wide selection of faux-marble porcelains. ›› Quartz is a very nonporous stone which gives a luxe look like marble but resists staining.

Can be difficult to install because it also resists adhesives. Engineered quartz bonds 90 per cent or more real quartz together with polyester resin for a more affordable, very durable option which is suitable for workspaces in the kitchen (backsplashes and even countertops).

Tile Terms:

›› Honed tile is stone that has had the surface ground to a smooth and matte finish. ›› Rectified tile has been cut to size to ensure every tile is identical - porcelain and ceramics can warp and shrink slightly during baking and thus must be trimmed for an exact match. ›› Gauged tile is a natural stone that has been ground to a consistent thickness, also leaving a rough back for easier application. ›› Glazed ceramic tile has been coated before firing to produce brighter colours and more durable finish. Can be double glazed for bolder patterning but an actually less strong surface. continued on page 40…

38 New home Guide | JUN 21 - JUL 19, 2013

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Visit ranchersrise.com to learn more, and tour our showhomes today. sHOWHOmE PArADE On rAnCHErs CrEsCEnT Monday – Thursday: 2-8 PM • Weekends & Holidays: 12-5 PM

39

photo by LenI JohnSton

stylefile | COnTInuEd

the tile pattern with bold grout – in one recent bathroom project I used a masculine mocha colour with contrast grout for a simple and timeless look. ›› Texture, naturally found in stone or added to manufactured tiles, adds visual depth and a sense of warmth. usually not as easy to clean as a smoother finish, but can be more inviting and warm. ›› Reflective tiles are a hot trend right now, using extra glossy finishes to create a near-mirror surface that expands a space while creating an ultra-modern appeal.

Can be metallic in gold or silver tones, smoked or fully reflective. ›› Pattern can be introduced either with pre-painted or embossed tile, or by using multiple colours or sizes of tile to create an effect. Works well as an accent for a shower, niche, backsplash or even as a headboard feature wall in a bedroom.

MaiNTeNaNCe

›› Regularly sweeping or mopping a tile floor in any material will clear away grit and soil that can cause scratches. Squeegee your bathroom tiles (after using a ph balanced cleaner) to avoid build up of discolouring ›› Polished tile will have a slicker, glossier finish than particles. unpolished (matte) tile. ›› React to spills by cleaning with soap and water immediately (to avoid stains). Intense cleaners like fOrMaT bleach are usually not recommended, especially for ›› Subway Tile is a rectangular style, usually half as tall porous marble and other stones. Again, ask a as it is wide (typically 3 by 6, or 2 by 4, 4 by 8 or wider professional about cleaning products before testing. formats like 2 by 8). A timeless classic that can be laid ›› Grout should usually be sealed when applied, and can in various patterns, including stacked, herringbone, do with occasional re-sealing (as well as the surfaces of crosshatch, or traditional brick offset to create different most porous stones like marble); check with your looks. supplier to see what products are recommended. It is ›› Oversized slab tiles (rectangular 12 by 24 or square 12 possible to re-grout existing tile, but it can be work by 12 – or even larger) are one of my favourite ways to intensive and time consuming, as the existing grout create a luxe look. When laid in a brick pattern with will have to be entirely removed to avoid cracking. minimal grout they can appear as one continuous ›› Replacing a damaged or broken tile requires the entire surface – apply them floor to ceiling in a bathroom for tile and all old adhesive to be removed to make way for a spa feel that expands the space. a new tile, along with new mortar and grout. If possible ›› Mosaic tiles, usually less than one inch square (or in keep a record of your grout colour for future matching. more intricate shapes). usually come in square or rectangular sheets to aid installation. Popular for yanic Simard is the principal designer of the shower enclosures and backsplashes. note that small toronto Interior design Group. Specializing tiles use a large amount of grout and thus can require in residential and commercial projects, Simard often applies his signature high/low more maintenance. Makes a great border between slab and old/new combination design techniques tiles or subway tiles to add interest, or fill a niche to in developing unique designs. Simard has created designs for clients across north create a feature. sTYle

›› Plain tiles are typically porcelain or ceramic in a solid colour (or a consistent coloured stone). You can pop 40 New home Guide | JUN 21 - JUL 19, 2013

america, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca

›› CALGARYREGIONSOUTH 1A

2

COCHRANE

STRATHMORE

1

1

CALGARY

CHESTERMERE 797 LANGDON

22X

22X

PRIDDIS

TURNER VALLEY

HERITAGE POINTE

BLACK DIAMOND

2

OKOTOKS 2A

543 22

HIGH RIVER

HIGH RIVER

BLACK DIAMOND

HIGHWOOD LAKE

RIVERWOOD

SHOWHOMES: 1901-1903 Riverside Dr. NW DEVELOPER: WestView Builders BUILDER: WestView Builders

SHOWHOMES: 725 and 821 3rd Street SW DEVELOPER: Riverwood Estates Inc. BUILDERS: Sheep River Homes, Woodmaster Homes

HAMPTON HILLS

RIVERWOOD ESTATES

BUILDERS: WestView Builders

BUILDERS: Compass Rose Homes, Sheep River Homes

MONTROSE

SHOWHOMES: Montgomery Way SE and Montrose Terrace DEVELOPER: Dundee Developments BUILDER: Lifestyle Homes, Red Door Homes

HERITAGE POINTE THE RANCH AT HERITAGE POINTE

PRIDDIS HAWKS LANDING

DEVELOPER: Hopewell Residential Communities BUILDERS: Prominent Homes, Baywood Estate Homes, Trickle Creek Custom Homes, Wolf Custom Homes, Thompson Luxury Homes, Bradmar Homes, Baywest Homes www.hawkslanding.ca

Snowbirds...

DEVELOPER: Upper Lakes Group Inc. BUILDERS: Astoria Custom Homes

your dream summer nest is in High River

Cash out of Calgary with 3 home style options Semi-Attached Villas

Detached Villas

Estate Bungalows

Calbridge Homes

WestView Builders

Lifestyle Homes

403.245.3515

escapethecity.ca JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 41

thehomebuyingprocess

Choosing the right features and options for

your new home

Donna Moore Executive Officer, Calgary Region Home Builders’ Association 403.235.1911 | crhba.com

laminate flooring can often be seen in great rooms and kitchens; and carpeting is often the norm for bedrooms, flex rooms and bonus rooms.

New homes today present a wide range While you’re considering what’s underfoot, don’t forget of quality features and finishes that add value and char- to look up. Many showhomes feature ceilings that draw acter to the home, as well as suit the tastes, needs and attention and add a decorative touch. Coffered ceilings lifestyles of differing buyers. with lots of detailed work, tray ceilings with recessed People looking to buy a new home will discover that lightening, as well as sloped, vaulted or cathedral ceilings many homebuilders in the Calgary region offer a variety can all enhance the space. of options and upgrades beyond the standards to suit almost And, think about lighting – recessed, spot, track – which any budget, and buyers should consider those before con- can set the mood for each room and enhance the decor. struction begins.

Kitchens and bathrooms are often focal points for many One of the best ways to learn more about the wide buyers and most builders pay careful attention to the details. variety of features and finishes available in the marketplace From laminates to granite, local builders offer a number of is to visit the builders’ showhomes located throughout Calgary attractive, durable counter options and upgrades. Cabinets and the surrounding communities. can set the tone for the kitchen, and buyers can choose By visiting these showhomes, you can see first-hand from a variety of colours, from bright white to rich dark, both standard and upgraded features – everything from and many styles from traditional to European sleek. Sinks hardwood floors and granite counters to built-ins and luxury are also available in many configurations, materials and ensuites – and you’ll get a better appreciation for what you colours, while faucets can range from contemporary practiwould like in your own home. cal, to Victorian ornate, to futuristic. Backsplashes have When it comes to making selections for your new home, really become a decorative element with so many stunning it’s often a balancing act between what’s on your dream options available that can really reflect your personality. list and what you can afford, so choosing your final features Buyers should be aware the cost of top-of-the-line prodand finishes can be daunting. It’s best to take your time ucts and choosing upgraded features can add up quickly. A and not rush it. wise approach is to set a budget for your kitchen and bathThere are a multitude of features, from the flooring to room upgrades and work with your builder to achieve the the ceiling, that buyers will need to consider and discuss greatest overall value for your investment. with their builder before making final selections. For example, There are many other features and options to explore windows are one of the most distinguishing features of a when looking at new homes, from in-floor radiant heating, home. Large windows not only ensure your home receives to built-in desks and entertainment centres, but be assured plenty of natural light, but bold designs will add character. that when it comes to making selections, new homebuilders Proper placement will allow you to overlook your garden are committed to working with customers to develop a reand outdoor space. alistic vision of their new home.

As well, floor coverings offer more than a neutral backMany homebuilders in the Calgary region also have ground for your interior decor; they have become an integral design/decor centres with expert staff to assist homebuyers, part of the character of your home. For this reason, when or the builders may connect buyers with their network of you visit various showhomes, you’ll discover that new home supplier experts to help them make informed decisions builders often combine different types of flooring to suit when selecting specific features and finishes. These are all the style and intended use of each room or area. For example, designed to help homebuyers fine-tune the overall look of the use of natural stone or ceramic tiles is common in entries, their home down to the smallest detail, thereby creating a bathrooms, mud/laundry rooms and kitchens; hardwood or home they’ll love for years to come.

by Donna Moore

42 New home Guide | JUN 21 - JUL 19, 2013

›› calgaryregioneast CHESTERMERE chestermere

Note: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

2

E

4

1

1

CALGARY

CHESTERMERE 797

22X

shores on westmere kinniburgh

DEVELOPER: Pollyco Developments BUILDERS: Stepper Custom Homes, Canterra custom homes, Sterling Homes, Lifestyle Homes, Douglas Homes, Westridge Homes, Broadview Homes

22X HERITAGE POINTE

04 buffalo hills (coming soon)

UILDERS: Prominent Homes B Douglas Homes, Klair Custom Homes Prominent Homes, Mapeland Homes

2

BLACK DIAMOND

LAKEPOINTe

OKOTOKS

1 AV. N

RAILWAY AV.

1 AV. S

ULM ST.

McCANN ST.

CENTRE ST.

2 AV. S

2 HANSON DR.

02 Hanson Park

Developer: Hanson Park Developments Builders: Canaco Homes Ltd, Ovation Homes Ltd, Stepper Custom Homes Ltd, Douglas Homes

strathmore the ranch in strathmore

SHOWHOMES: 200 Ranch Downs DEVELOPER: United BUILDERS: Lifestyle Homes

Wildflower ranch in strathmore

DEVELOPER: Cancorp Property Group Inc. BUILDERS: Carpenter Homes, Paradyme Homes, Aquilla Homes and Canterra Custom Homes

RAILWAY CR. RAILWAY AV.

HANSON HOLLOW

DOUGLAS AV. CRILLY CL.

2 AV. N

HANSON WAY

LAGDON ODDFELLOW HALL

3 ST. E

NEWTON ST.

2 AV. N

WENSTROM CR.

LANGDON PARK

WHITNEY ST.

COPELAND AV.

DEVELOPER: Harmony Park BUILDERS: Shane Homes, Stepper Custom Homes, Carpenter Homes

WELSHIMER CR.

RAILWAY AV.

MAIN STREET LAGDON VANDERVELDE PL.

COPELAND AV.

ANDERSON AV. WILSON RD.

BOTSFORD ST.

BARBER ST.

THOMAS ST.

LANGDON SCHOOL

HENDERSON RD.

HENDERSON CL.

HENDERSON BY.

LLOYD CR.

CENTRE ST.

BRANDER AV.

COWAN ST.

TRAIL

NESBITT AV.

MCDOUGALL ST.

BESSE AV.

1AV.

01 boulder creek

GLENMORE NESBITT CL.

MOE AV.

McKINNON ST.

langdon

797

HIGH TRAIL RIVER

COLWELL ST.

560

Developer: Mattamy Homes Builder: Mattamy Homes Sales centre 400 Westpark Dr.

2A

WILSON RD.

22

RGE RD 27

543

ARBOGAST ST.

VALLEY

DEVELOPER: Melcor BUILDERS: Landmark Homes, Lifestyle Homes, Reid Built Homes DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

LANGDON

IDDIS

westmere

STRATHMORE

3

SHOWHOMES: 80 Westpark Crt., Rainbow Falls Manor DEVELOPER: Truman Developments BUILDER: Shane Homes, Jager Homes, Lifestyle Homes, Beattie Homes, Lionsworthe Homes, Douglas Homes

1

lyalta 03 the lakes of muirfield

SHOWHOMES: Muirfield Blvd.

BUILDERS: Douglas Homes, Today’s Homes, Ribero Homes and Compass Rose Homes

JUN 21 - JUL 19, 2013 | New home Guide 43

fundamentallyspeaking

HOMEOWNERSHIP AFFORDABILITY improving for Calgary

by WAYNE KARL

WAYNE KARL is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property.

He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

markets in the country, thanks in part to the high household market conditions, high levels of household debt and eco- income in the province. Homeownership affordability imnomic uncertainty, comes some good news, courtesy of proved in all housing categories during the first quarter of RBC Economics Research. Canada’s housing affordability 2013 compared to last year, in detached bungalows to 32.2 was generally in a holding pattern in the first quarter of per cent, standard two-storey homes to 34.7 per cent and 2013, thanks primarily to mortgage rates, home prices and in condos to 19.8 per cent.

For the Calgary market, specifically, two-storey homes household incomes remaining at status quo, according to and condos both improved – down 0.4 per cent (meaning RBC’s latest Housing Trends and Affordability report.

“The Canadian housing market cooled significantly in the it became more affordable) to 38.8 per cent for two-stories, past year; however, there is mounting evidence that activity and down 0.3 per cent to 22.9 per cent for condos. Affordis no longer weakening,” says Craig Wright, senior vice- ability deteriorated slightly in detached bungalows, rising president and chief economist, RBC. “A significant nation- 0.2 per cent to 38.7 per cent. wide price correction does not appear to be imminent so long as affordability remains outside of the danger zone.”

AMID ALL THE RECENT TALK OF WEAKENING

The Canadian housing market cooled significantly in the past year; however, there is mounting evidence that activity is no longer weakening Exceptionally low mortgage rates have been the chief factor in keeping homeownership costs relatively affordable, RBC says. The Bank of Canada again held its trend-setting bank rate at one per cent on May 29. RBC notes that when interest rates eventually rise, it will be because the Canadian economy is on stronger footing. Alongside this stronger economic environment will be heftier household income gains, which would work to offset any negative impact on affordability, RBC says.

The way RBC’s affordability measures work is, the higher the measure, the more difficult it is to afford a home. For example, an affordability measure of 50 per cent means that home ownership costs, including mortgage payments, utilities and property taxes take up 50 per cent of a typical household’s pre-tax income. A decline in the measure represents an improvement in affordability.

The Alberta market continues to be a bright spot in Canada, RBC says, remaining one of the most affordable 44 NEW HOME GUIDE | JUN 21 - JUL 19, 2013

OLD

16

AV

EN

UE

7 8

BAN

FF

CENTRE STR

6

14 STREET

ST

ON

EY

TR

AIL

NW

›› SOUTHWESTCOMMUNITIES COACH ROAD

04 WESTPARK

SHOWHOMES: 80 Westpark Court SW DEVELOPER: Dundee Developments BUILDER: Homes by Avi, Greenboro Homes, Prominent Homes

05 SPRING VALLEY ESTATES

16 AVENUE

4 MEM

ORI

14 13

2

07 PASKAPOO IN COUGAR RIDGE

DEVELOPER: Apex Developments BUILDERS: Excel Homes and Shane Homes www.paskapooatcougarridge.com

BLACK FOOT TRAIL

ELBOW DRIVE

5

10

08 COULEE WAY ESTATES

DEVELOPER: Coulee Way Developments BUILDER: Christal Homes www.couleewayestates.com

GLENMORE RESERVOIR

09 CASTLE KEEP

MACLEOAD TRAIL

NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

SOUTHLAND DRIVE

DEVELOPER: Dundee Developments BUILDERS: Homes by Avi, Morrison Homes, Shane Homes, Calbridge Homes, Greenboro Homes

10 ELMONT BAY BOTTOM TR

24 STREET

ANDERSON ROAD

MCKEVITT JAMES

SHAWNESSY BLVD.

DEVELOPER: Qualico Communities SHOWHOMES: Showhomes Coming soon BUILDERS: Baywest Homes, Augusta Homes

MA SHERIFF KING STREET

IL

TRA

S PRUCE MEADOWS HWAY

D

OA

CLE

ET

37 STRE

01 EVERGREEN

11 SEQUOIA IN SILVERADO

12 DRESSAGE IN SILVERADO

162 AVENUE

11 3 12

BUILDERS: Westview Builders, Winwood Homes Showhomes Coming Soon www.elmontbay.com

DEVELOPER: Qualico Communities SHOWHOMES: Silverado Plains Circle BUILDERS: Broadview Homes, NuVista Homes, Sterling Homes

FISH CREEK PARK FISH CREEK BLVD

1

06 CRESTMONT

SHOWHOMES: 53 Crestridge View SW DEVELOPER: Qualico BUILDERS: Augusta Fine Homes, Jaymack Custom Homes

17 AVENUE

37 STREET

17 AVENUE

SARCEE TRAIL

16

69 STREET

14 AVENUE SW

85 STREET

15

SHOWHOMES: 16 Spring Valley Land SW BUILDERS: Tudor, Legend Developments, Elegant

BOW TRAIL

9

SHOWHOMES: Everbrook Dr. SW DEVELOPER: Genstar BUILDERS: California Homes

02 CURRIE BARRACKS

SHOWHOMES: J5 2953 Battleford Ave. BUILDERS: Birchwood Properties, Crystal Creek Homes, Home by Avi, Empire Custom Homes, Mission Homes, Greenboro Estate Homes, Greenboro Luxury Homes, Evolution by Greenboro, and Avi Urban

13 WESTLAND ESTATES

BUILDERS: Baywest Homes, WestView Builders www.westlandestates.ca

14 WENTWORTH ESTATES BUILDERS: Prominent Homes

15 WEST GROVE ESTATES

BUILDERS: Prominent Homes, Crystal Creek Homes, Lupi Luxury Homes

16 ASPENSHIRE

BUILDERS: Prominent Homes

03 SILVERADO

SHOWHOMES: Silverado Drv. SW, Silverado Skies SW, Silverado Blvd. SW DEVELOPER: United Communities BUILDERS: Baywest Homes, Homes by Avi, Sterling Homes, Pacesetter Homes, Trico Homes, Creations by Shane Homes, Avi Concept, Shane Homes

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 45

INDEX OF ADVERTISERS

READ MORE ABOUT OUR ADVERTISERS! Apex Developments

45

Bordeaux Developments

39

Baywest Homes

31

Brookfield Residential Communities Cardel Homes Dundee Developments Excel Homes Genesis Land Developments Hopewell Residential Communities

Insert 4 15 & 41 9,21,29,25,23,37 26 28 & 33

Jager Homes

22

Jayman Innovations

20

Jayman MasterBuilt

Back Cover

Qualico Communities Shane Homes Mattamy Homes United Communities Vesta Properties

46 NEW HOME GUIDE | JUN 21 - JUL 19, 2013

19 16 & 17 2 11, 12&13, 36 24

mortgagemogul

WHY USE A MORTGAGE BROKER? Mortgage brokers will meet with you where and when you prefer, or at the very least offer you the convenience of arranging your financing via phone, fax and or email. Generally speaking, you can be pre-approved for mortgage financing the same day you apply.

Finally, mortgage specialists are able to offer their clients a more relaxed qualifying process. If you don’t happen to meet all of your banks’ criteria, they will often turn you away, whereas a broker will continue to source your application to as many lenders as required to find you the financing you require based on your personal situation.

So why exactly should you contact a mortgage broker?

If you are looking for a change, and would like Firstly (and probably the biggest reason for most clients) – rate, to experience the convenience and value of working rate, rate! When you go to your bank, more times than not, you with a dedicated mortgage professional, ensure will be put into the common situation of having to negotiate with that they have their proper accreditation. As a your banker for a better rate. When you work with a broker, if you mortgage planner working with Axiom Mortgage qualify for the best rates (based on your credit history), you auto- Solutions, I am governed by the Alberta Mortgage matically get the best rates. And the best part – it doesn’t cost you Brokers Association (AMBA), and the Real Estate a thing. There is no charge for our service and no negotiation is Council of Alberta (RECA). required. Just remember, even a .25 per cent lower rate can save As always, I welcome any questions or comyou thousands of dollars in interest over the course of your term. ments you may have regarding the information Secondly, you have more lenders and options to choose from. contained in my articles. Until next month…

When you go to your bank, you only have access to their suite of mortgage products to choose from. Mortgage brokers have access to more than 30 lenders, including many of the chartered banks, so we have a vast array of mortgage options to suit your particular needs and goals. While there can be subtle differences, something such as better prepayment privileges may be a reason for choosing one institution over another.

JASON ELDRIDGE P.F.P, B.Admin Mortgage Specialist, Thirdly, mortgage brokers cater to your schedule, not the Axiom Mortgage Solutions (formerly Unisource Mortgage) other way around. Don’t you enjoy the process of calling your CELL 403.630.1718 FAX 866.708.5807 bank and then you are told that they can’t see you for a week or EMAIL jason@axiommortgage.ca so because they are already “booked up” with appointments?

WEB/APPLY ONLINE jason.axiommortgage.ca FOR YEARS, PEOPLE WISHING TO PURCHASE OR

refinance a home have always gone to the same place – their bank. Is this the best option for everyone? Not necessarily, but it is the one option that most people have been aware of, or felt obligated to use... perhaps until now.

In the past, mortgage brokers were often called upon in cases where the client(s) did not qualify under traditional criteria, or they needed money quickly, and hence had to borrow from a “loan shark.” While mortgage brokers still assist clients with bruised credit or other qualifying challenges, the vast majority of our clientele is made up of clients just like yourself, with good job stability and excellent credit.

JUN 21 - JUL 19, 2013 | NEW HOME GUIDE 47

homebuyers’help

HomeBuyers’ Resource Section You love the home, see what you can afford!

Compare mortgage rates for your best deal

Calculate your mortgage payments using the mortgage payment calculation chart

48 New home Guide | JUN 21 - JUL 19, 2013

calculate youR mortGaGe Payments CALCuLATe YouR moRTGAGe PAYmeNTS MONTHLY PRE-TAX Income

dIvIde By 3

cHart fIGure

amortIZatIon amount

SPOUSE’S PRE-TAX Income

affordaBle montHly Payments

amount of mortGaGe dIvIded By 1,000

estImated montHly TAXES & HEAT

TOTAL PRE-TAX Income

amount of mortGaGe (PRICE – DOWN PAYMENT)

amortIZatIon amount

montHly Payments

moRTGAGe PAYmeNT CALCuLATioN ChART Interest rates %

aMoRtiZation peRiods 5 yrs

10 yrs

15 yrs

20 yrs

25 yrs

5.00%

18.84

10.58

7.88

6.57

5.81

5.25%

18.96

10.70

8.00

6.70

5.95

5.50%

19.07

10.82

8.13

6.84

6.10

5.75%

19.18

10.94

8.26

6.98

6.25

6.00%

19.29

11.06

8.39

7.12

6.39

6.25%

19.41

11.18

8.53

7.26

6.54

6.50%

19.52

11.31

8.66

7.40

6.69

6.75%

19.63

11.43

8.79

7.54

6.85

7.00%

19.75

11.55

8.93

7.69

7.00

7.25%

19.86

11.68

9.06

7.83

7.15

7.50%

19.98

11.81

9.20

7.98

7.31

7.75%

20.09

11.93

9.34

8.13

7.47

8.00%

20.21

12.06

9.48

8.28

7.63

8.25%

20.32

12.19

9.62

8.43

7.79

follow tHese stePs to see If you’ll QualIfy for a mortGaGe on youR dReaM HoMe

01

05

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

06

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

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

03

07

Take the total price of the home 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 on the opposite page. 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 home.

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.

JUN 21 - JUL 19, 2013 | New home Guide 49

homebuyers’help

Mortgage INterest rates VARIABLE

6 month

1 year

2 years

3 years

4 years

5 years

AGF Trust

-

4.650

3.040

3.200

3.240

3.340

3.490

ATB Financial

2.500

4.000

3.100

3.140

3.550

4.390

3.240

All mortgages are of two basic types:

Bank of Montreal

3.100

4.000

3.140

3.140

3.650

4.540

5.140

Bank of Nova Scotia

3.100

4.550

3.750

3.890

3.990

4.390

4.990

CIBC Mortgages

3.200

4.450

3.090

3.140

3.650

4.390

5.140

Conventional The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less.

The buyer has to pay 20% down.

A conventional mortgage cannot exceed 80% of the value of the property.

Canadian Western Bank

3.200

4.000

3.000

3.140

3.650

4.540

5.140

Canadian Western Trust

3.200

4.000

3.000

3.140

3.650

4.540

5.140

First Calgary Financial

-

4.000

2.390

2.670

2.790

2.890

2.950

First National Financial

2.600

3.950

2.740

2.690

2.790

2.990

3.190

HSBC Bank Canada

3.100

4.450

3.600

3.950

4.450

4.990

5.240

ING Direct

2.750

-

3.000

3.000

2.790

2.990

3.080

Investors Group Trust

3.000

4.000

3.140

3.140

3.650

4.540

5.140

Laurentian Bank Canada

3.200

4.400

3.140

3.190

3.650

4.540

5.140

London Life

3.000

4.000

3.140

3.140

3.550

4.540

5.140

Manulife Bank

3.000

4.450

3.000

3.050

3.100

3.100

3.090

Manulife Trust

-

4.450

3.000

3.050

3.100

3.100

3.090

National Bank

3.200

4.400

3.140

3.140

3.650

4.540

5.140

-

4.500

3.100

3.350

3.550

3.850

3.950

President’s Choice Fin’l

3.200

6.040

3.140

3.150

3.190

3.300

3.390

Royal Bank of Canada

3.000

4.000

3.140

3.140

3.650

4.540

5.140

Servus Credit Union

-

4.000

3.000

3.040

3.550

4.390

5.140

Steinbach Credit Union

-

-

2.500

2.600

2.700

2.800

3.000

3.000

4.000

3.000

3.040

3.550

4.540

5.140

-

-

3.150

3.250

3.350

3.390

3.190

Mortgage Types

Peace Hills Trust

T-D Mortgage Your Neighbourhood C.U.

Prepared by CANNEX on June 14, 2013. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2013 CANNEX Financial Exchanges Limited. All rights reserved.

50 New home Guide | JUN 21 - JUL 19, 2013

Insured or High-Ratio: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.

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.

Open mortgage: Allows borrowers 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 shortterm mortgage at high interest rates to a longer term when mortgage interest rates fall.

Closed mortgage: Usually has the lowest interest rate available but lacks the flexible features of other mortgage options.

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: 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.

IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

We think finding a home is a lot more than simply finding the right property.

That’s why we put you right in the middle of the search process.

Search your favorite neighbourhood

Find out about nearby services and amenities

View new construction projects and register to get the latest info

Visit the new real estate section on canpages.ca and start looking for that special place.

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does a kitchen this gorgeous come standard with every jayman masterbuilt home?

absolutely.

Visit your nearest Jayman MasterBUILT Show Home to see how Built-in KitchenAid stainless steel appliances, granite countertops with 8 colour options, maple cabinets with 6 door styles, 6 stain colours with soft-close doors and drawers and a large selection of tile backsplash can make the kitchen your favourite room.

Find out all the great things you can do with a Jayman MasterBUILT Kitchen at one of our Show Homes.

Show Home Hours Monday to Thursday 2-8 pm Weekends / Holidays 12-5 pm For more information visit jayman.com/standardkitchen

certainty comes standard

Auburn bAy | ChApArrAl VAlley | eVAnston MAhogAny | sunset ridge | riVersong

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6/13/13 11:38:53 AM