Calgary New Home Guide - Jun 19, 2015

Calgary Edition

June 19 - July 17, 2015 Volume 18 Issue 7

Jan 6 - Feb 2, 2012 Volume 15 Issue 01

Your Best Source for New Homes

S E M O H W NEW SHO OLAN HILL~ N ~NOW OPEN IN

MAKING THE MOST OF INSIDE MAKING SENSE OF INSIDE THIS ISSUE YOUR OUTDOOR SPACE THIS ISSUE MORTGAGE TERMS

HOUSING VALUATIONS: A BEGINNER’S GUIDE TO WHO & WHAT TO BELIEVE? ARRANGING A MORTGAGE

8 TIPS TO GET YOUR HOME WELCOME THE NE W YEAR READY FOR SUMMER WITH A NE W ATTITUDE

LOOKING FOR A NEW HOME? It’s only a tap away.

Find the perfect new home or condo in the neighbourhood that fits your lifestyle.

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contents JUNE 19 - JULY 17, 2015 || VOLUME 18 ISSUE 7

ON THE COVER

p. 12

SHANE HOMES

offers outstanding features in Orion II in Nolan Hill

IN EVERY ISSUE

IN THE NEWS

8

44

Editor’s note

COLUMNISTS

20 28 32 38 50

by Wayne Karl

HOMEBUYERS’ HELP

16

Insight

The importance of landscape consultations

by Brad Jackman

The Homebuying Process Making the most of your outdoor space

by Donna Moore

24 33

Calgaryism

Eight tips to get your home ready for summer

by Cody Battershill

Mortgage Mogul

Why you should consider using a mortgage broker

by Jason Eldridge

Calgary at low risk of a housing market correction

by Lydia McNutt

Fundamentally Speaking Housing valuations – who and what to believe?

CMHC

47

Showhome Review

Shane Homes ups the wow factor with the Tofino in Nolan Hill

by Heather Ryan

Finances

Five things first-time homebuyers need to know

Designer Q&A

In the kitchen with interior designer Jillian Harris

Homebuyers’ Resource Section

Mortgage calculator and rate table

district maps 9 19 23 27 31

Northwest Okotoks Southeast Calgary East Region

35 39 41 45

Airdrie Southwest Northeast

PRESIDENT, YELLOW PAGES NEXTHOME

Calgary South Region

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Jacqueline Hill Susan Legge

DIRECTOR OF SALES, NATIONAL

Moe Lalani

Cochrane

SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri ART DIRECTOR

Tammy Leung EDITOR

Wayne Karl CONTRIBUTING EDITORS

Sara Duck (on leave) Elisa Krovblit Lydia McNutt

Melanie Gowans

Senior Media Consultant

403.200.8462 Follow me on twitter @melgowans Like us on facebook; facebook/CalgaryNHG

PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNER

Viosa Barileva, Mike Terentiev MANAGER OF PRODUCTION

Bala Gnanapandithan

28

FOR ADVERTISING INQUIRIES PLEASE CONTACT:

403.200.8462

FOR NATIONAL ADVERTISING INQUIRIES CALL:

416.263.6783 Published by

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.

YPNextHome.ca

COPYRIGHT 2015 All rights reserved by Yellow Pages Homes Limited. 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.

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.

16

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

north

//EDITOR’S NOTE

Long-term commitment Will afford you peace of mind

W

SUSAN LEGGE

hether you’re relocating from one coast to the other or moving to your first place, changing homes can be hectic, exciting and certainly stressful. But, relax.

You can eliminate the anxiety associated with moving by taking control of the situation with confidence.

Understanding the market is just part of the story. Knowing what you need and what you can afford is the more important part of the equation.

Making a prudent purchasing decision that doesn’t keep you up at night when

EDITOR-IN-CHIEF Yellow Pages NextHome

interest rates rise or market news becomes the talk of the town is up to you.

Any expert will tell you that buying a home or condo is a long-term commitment. Th is issue is full of great tips from the experts as well as the latest news designed to help you make a wise purchasing decision.

Along with our community profile features, which outline the specifics on many fine communities, there’s lots to take in. So kick back, relax and enjoy.

You’re in the driver’s seat.

5 Sherwood

Showhomes: 1228 Sherwood Blvd.

Developer: Genesis Development Corp Builders: Majestic Homes

Susan.Legge@ypnexthome.ca Follow me on Twitter at Twitter.com/SusanLegge

6 Beacon Heights Showhomes: Sherwood Crescent NW

Developer: Intergulf Cidex Builders: Trico Homes/Intergulf Cidex

7 Tuscany Hillside Estates

Showhomes: Tuscany Estates Rise NW Developer: Carma Builders: Landmark Homes | Albi Hom

Don’t get caught in a moving scam

8 Kincora Planning and preparation is the key to a smooth move Showhomes: 115 Kinkora Glen Rd. NW

J

WAYNE KARL

EDITOR Yellow Pages NextHome Wayne.Karl@ypnexthome.ca Follow me on Twitter at Twitter.com/WayneKarl

8 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

une 30 is just around the corner – school will be out, summer will have officially begun and we’ll soon be into peak vacation period.

It’s also the busiest moving day of the year. Even if you’re not taking up residence in your new home that day, you can bet the best and most competitive moving companies will be booked solid around this time. If you haven’t contracted your mover already, you’d better get on it.

Unfortunately, this scenario also conspires to produce the perfect opportunity for unscrupulous movers to take advantage of unsuspecting consumers. Overcharges bordering on extortion, damaged or stolen possessions and other sordid practices are all too common. Indeed, moving scams are one

Developer: Genesis Land Development of the top 10 complaints monitored

by Apex Developments the Better Business Bureau. Builders: Evolution Homes | Majestic H Excel Homes | Centrex Home The Canadian Association of Movers doesn’t want you to learn this lesson the hard way, so it offers the following tips to help you plan your move – whenever it is. » Find reputable movers through the CAM, BBB or provincial government consumer protection agencies » Ask three movers for estimates in writing » Get terms and conditions in writing » Ensure your goods will be protected for loss or damage » Read customer reviews on movers’ websites and other forums Make sure you take the proper steps – and the time – to protect yourself and avoid your own moving horror story.

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14 STREET

13 WATERMARK AT BEARSPAW

#1 Community in Canada* DEVELOPER: Macdonald Development Corporation BUILDERS: Astoria Homes; Albi Homes, Trickle Creek Homes, Wolf Custom Homes www.watermarkatbearspaw.com

14 EVANSRIDGE

DEVELOPER: Dream Development BUILDERS: DS Homes, Homes by Avi, Genesis Builders Group, Morrison Homes, Innovations by Jayman, Westview Builders, Stepper Custom Homes, Calbridge Homes, Excel Homes DEVELOPER: Decker Management BUILDERS: Crystal Creek Homes, Lupi Luxury Homes

17 AVENUE

37 STREET

SARCEE TRAIL

69 STREET

12 BEARSPAW WILLOW CREEK

15 ROCK LAKE ESTATES

DEVELOPER: United Communities BUILDERS: Pacesetter Homes

11 Milano

Showhomes: 99 Panatella Hill NW 05 NOLAN HILL

Trico Homes DEVELOPER:Builders: United Communities BUILDERS: Homes by Avi, Morrison DEVELOPER: Birchwood Properties Homes, Shane Homes, Sterling BUILDERS: Properties Homes, Trico Homes, Jager Homes, Hanson Ranch 10 Birchwood Showhomes: Hidden Creek Blvd. NW Pacesetter Homes EVANSTON www.nolanhillunited.com Developer: Cedarglen Homes | Cardel Homes DEVELOPER: Qualico Communities Builders: Genstar 06 BEACON HEIGHTS BUILDERS: Broadview, NuVista, Trico DEVELOPER: Intergulf Cidex Homes, Pacesetter Homes, Sterling BUILDER: Trico Homes, Intergulf Cidex Homes, Jayman MasterBUILT Developer: Birchwood Properties

03

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02 ROYAL OAK Builders: Birchwood Properties

and Development Corp. | elopments Homes | Majestic Homes | es | Centrex Homes

GT ON

16 AVENUE

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DEVELOPER: Melcor BUILDERS: Landmark Homes, Albi Homes

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DEVELOPER: Genstar BUILDERS: Homes by Avi, Cardel CityLife Homes, 9Landmark, Excel Homes, Showhomes: 2003 20th Ave. Arcuri Homes

Homes | Albi Homes

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CENTRE STREET

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DEVELOPER: Genesis Land Development Corp.

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

11 VALLEY POINTE ESTATES

AI CH IL

10 SAGE MEADOWS

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

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

17 AVENUE

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DEVELOPER: Genstar BUILDERS: Cardel Homes, Acuri Homes

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›› NORTHWESTCOMMUNITIES

*2012 and 2013 National SAM award winner for Best Community Development

17 SHERWOOD

DEVELOPER: Melcor BUILDERS: Shane Homes, Homes by Avi, Genesis Builders Group www.lifeinsherwood.com

18 MOUNT PLEASANT

BUILDER: Landmark Homes www.landmarkgroup.ca

19 SYMONS GATE

DEVELOPER: Brookfield Residential BUILDERS: Brookfield Residential, Jayman MasterBuilt, Morrison Homes

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 9

N

The ‘Lots-on-the-go’ Stage.

If this is where you’re at in life, the Servus Life Stage Mortgage can give you a little extra money to go towards swimming lessons, hockey, soccer, ballet and the second car you’ll likely need.

n

See how you can own a home in any stage of life.

Visit servus.ca/mortgages.

MORTGAGE RATE

1% LIFE STAGE REBATE

PROFIT SHARE

Personal | Mortgages | Investments | Loans | Insurance | Business 10

to

Feel good about your money.

H

T

2 LY 18, 1 U J Y T R OCK PA L B L L I H N NOL A

old world traditions. modern living.

– 4 PM

Set amid the rolling hills of Calgary’s northwest, Nolan Hill recalls British Isles character of days gone by – right down to the castle-ruin entry features. Yet with abundant park space and nearby shopping, schools and recreation, Nolan Hill offers a modern, family-friendly lifestyle that combines the best of both worlds – old and new. Take Sarcee Trail 1 km north from Stoney Trail and follow the signs. NOLANHILLUNITED.COM

14 NEW SHOWHOMES OPEN!

new sales centres

townhomes

front garage

front garage

front garage

from the $300s

from the $450s

from the $475s

from the $600s

collection

zero lot line

move up

estate-style

H O M E S B Y AV I | M O R R I S O N H O M E S | S H A N E H O M E S | S T E R L I N G H O M E S T R I C O H O M E S | C A R D E L L I F E S T Y L E S | J AY M A N M O D U S

//COVER STORY

SHANE OFFERS

outstanding features in Orion II » by HEATHER RYAN

P

roviding a spacious open floorplan that makes maximum use of space and offers numerous options so you can have the home of your dreams has made the Orion II one of Shane Homes’ most popular models.

“The Orion II is one of our top models mainly because of the use of space; every square footage is used for something,” says Dave Gearey, co-area manager with Glenn Jorgensen in Nolan Hill where the 2,067-sq.-ft. Orion II showhome is on parade. “People love the functionality of the home and that it has features you typically find in a larger home such as the main-floor den.”

In Nolan Hill, the Orion II is offered on a zero lot line, “which is popular with buyers because it gives them a large home with a front attached double garage at a more affordable price,” he says. The Orion II comes standard at 1,947 sq. ft., but it can easily be increased in size depending on the lot.

“One of the things that appeals to our clients with the Orion II is that we offer several different main floor and second floor layout options to fit the buyers’ needs,” Jorgensen says. “We’re also one of the few builders that will customize the home for our clients so they can get exactly what they want.”

12 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

Jorgensen notes the Orion II draws a lot of positive comments from people. “They love the open main floor – it’s great for entertaining – and the spacious front entry with open railing that gives you a grand view to the rear of the home.”

Buyers also appreciate the outstanding standard features such as nine-ft. knock-down ceilings, granite countertops in the kitchen and bathrooms, hardwood and tile floors, stainless steel appliances and 42-in.-tall cabinets.

“We also offer several upgrades,” Gearey adds, noting one of the most

SHANE HOMES | ORION II

popular upgrades is the super kitchen, which is on display in the Orion II showhome in Nolan Hill. It serves up several built-ins such as a microwave and wall oven, oversized island with breakfast bar seating and extended dining nook.

Another popular option showcased in the showhome is the super ensuite, which comes with a big soaker tub, oversized shower, make-up table and dual vanities, additional upper and lower cabinets in the juice bar and a larger walk-in closet.

The Orion II presents a bright and open front entry with room for a bench or hall table. A short hall connected to the foyer leads to a convenient half-bath and a mud room where there is room to place a bench or add storage lockers.

Adjacent to the foyer entrance, the main floor flex room in the Nolan Hill showhome has been turned into a warm and welcoming private study with double french pocket doors, but it could easily be used for a formal dining room.

At the rear of the home, is the super kitchen with a spacious nook, and a good sized living room warmed by a corner fireplace surrounded in tile and topped with a deep mantle.

Upstairs, the owners’ suite offers substantial space with a luxurious super ensuite, there are also two generously sized secondary bedrooms, a main full bath, good-sized laundry room and bonus room.

“People like the bonus room because it’s so open that you could actually split the space for multiple uses,” Gearey says. “It can also be moved to the centre of the home to provide separation between the bedrooms, and we can even add a fourth bedroom while keeping the bonus room so people with large families really like that option.”

You can visit the Orion II showhome in Nolan Hill in Calgary and in King’s Heights in Airdrie. For more information, visit shanehomes.com JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 13

VISIT OUR SHOWHOMES TODAY FOR INTRODUCTORY PRICING

114 AVENUE NW SHAGANAPPI

SAGE BLUFF BLVD

TRAIL NW

Y TRAIL

STONE

NW

SYMONS VALLEY ROAD

FARMERS MARKET

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Homes From The

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15

//SHOWHOME REVIEW

Shane Homes ups the wow factor with the TOFINO IN NOLAN HILL » by HEATHER RYAN

V

ersatile options, including a fabulous four-bedroom design and terrific features up the wow factor on the Tofino showhome in Nolan Hill.

Crafted by Shane Homes, the Tofino presents 2,502 sq. ft. of living space, earns praise from buyers for its design and decor, says area manager Jeff Luif. “It’s highly desirable and one of our most popular plans; people say they feel right at home and many want to duplicate the showhome.”

Walking into this semi-estate showhome, “people love the openness and that it offers so many great features, like the gourmet kitchen, the secondfloor bonus room and the generous16 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

sized kids’ bedrooms,” Luif says.

“They also like that we offer a four bedroom layout without changing the essence of the house, which is really exciting,” he adds. “Often when a fourth bedroom is put in, it changes the whole look of the home because it typically involves filling in the open to above or losing the bonus room. But with this design you still have the open to below and the central bonus room.

The spacious plan lends itself to meeting different people’s lifestyle needs. For example, buyers can choose from several different ensuite designs, or have an IT zone and walk-through pantry instead of a large lifestyle room

“and we can accommodate custom changes,” Luif says.

The Tofino wows visitor’s right from the entry with a grand foyer featuring a towering open to above ceiling, iron rails on the staircase and a richly toned hardwood floor. To the left, double sliding glass doors open to a lifestyle room ideal for an intimate office or formal dining room.

Down from the entry is a half-bath and a spacious mud room off the garage entry that features an oversized walk-in closet and a built-in bench for plenty of storage.

The sumptuous kitchen has an expansive flat surface, granite-topped

SHANE HOMES | Tofino

The spacious plan lends itself to meeting different people’s lifestyle needs. space highlighted by a wall-centred fireplace surrounded in stone.

At the top of the stairs, going around either side of a partial wall you’ll discover a spacious central bonus room with an eye-catching built-in entertainment unit.

The owners’ suite presents a relaxing private retreat that can easily accommodate king-sized furniture and owners will adore the built-in juice/ coffee bar, large walk-in closet, and lavish ensuite with walk up corner soaker tub, oversized walk-in shower and a granite-topped vanity with his and her sinks separated by a corner make-up table.

The upstairs also features two large bedrooms, each with walk-in closets, a main full bathroom, large laundry room and a built-in computer station where kids can study.

Nolan Hill itself is getting more popular as buyers are discovering this “secret gem in northwest Calgary,” says Luif. “It has great access to Beddington, Shaganappi, Sarcee and Stoney Trail, and there’s a wide range of amenities nearby including a new neighbourhood commercial site that is under development and should open soon with a Sobeys, Dairy Queen, Petro Canada and more.”

“We also offer a variety of amenity lots, including those backing onto the ravine or a pond and cul-de-sac pie-shaped lots.” island with breakfast bar seating as its focal point. Other delectable features include granite countertops, cook top range, built-in wall oven with microwave above, full-height stone backsplash and tall cabinetry.

Shane adds a special touch by continuing the style of the kitchen’s cabinets, countertop and backsplash in a built-in hutch tucked into a niche in the adjacent spacious dining nook, while the great room offers a warm, comfortable

For more information, visit the Tofino at 254 Nolan Hill Blvd. N.W., Calgary, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.536.2302 or visit shanehomes.com JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 17

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18 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

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

See ad of a particular project for more details.

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3 32 ST. E.

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02 CIMARRON

DEVELOPER: Tristar Communities BUILDERS: Excel Homes, Trico Homes, Coco Homes, Timbercreek Homes, Westview Homes, Kunz Homes

03 DRAKE LANDING

DEVELOPER: United Communities BUILDERS: Lifestyle Homes, Sterling Homes, Prominent Homes

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DEVELOPER: Bordeaux Developments BUILDERS: Baywest Homes, Sterling Homes, Wolverine Custom Homes

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DEVELOPER: Prominence Development Corp.

BUILDERS: Cornerstone Homes, Gramercy Homes, Carpenter Homes

08 MOUNTAINVIEW

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

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 19

//FUNDAMENTALLY SPEAKING

HOUSING VALUATIONS

Who and what to believe? » by WAYNE KARL For homeowners, when someone says your home is drastically overvalued, naturally, you worry. If you’re a prospective homebuyer, such news might cause you to delay your purchase. That’s the power of housing valuations.

The problem is, who and what to believe?

WAYNE KARL

is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics of buying property.

Email wayne.karl@ ypnexthome.ca or follow him on Twitter atTwitter. com/WayneKarl

Here are some recent examples of Canada’s housing valuations, from a variety of sources: Deutsche Bank: overvalued by 60 per cent Bank of Canada: overvalued by 30 per cent International Monetary Fund: overvalued by 11 per cent TD Bank: overvalued by 11 per cent Canadian housing economist Will Dunning: undervalued by nine per cent With such a wide variance in valuations, and using differing measures, who to believe, indeed?

“Far too many foreign economists try to make overly simplified statements about foreign housing markets they don’t understand enough about,” Calum Ross, mortgage broker and real estate investor, told New Home Guide.

“Above and beyond the traditional measures, there are a number of less tangible measures, such as the stability of social, political and economic systems at the federal, provincial and municipal level.

“Canada represents one of single largest countries in the world and going from coast to coast, Canada is home to a very diverse group of people with local economics that are vastly different,” Ross says. “Saying there is a Canadian housing market is no less ridiculous than saying there is ‘Canadian temperature.’”

Thankfully, Canada Mortgage and Housing Corp.

(CMHC) added some context recently in its House Price

When it comes to mortgages, what we know is that people have a tendency to buy payments and be less concerned with total debt.

20 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

Analysis and Assessment, which provided a market-by-market snapshot

by Canada’s larger centres. The report attached a risk level – low, moderate or high – for the major cities, using risk factors of overheating, acceleration in house prices, overvaluation and overbuilding.

With Regina and Winnipeg, of all places, being the only major centres earning “high risk” assessments, CMHC’s report reminds everyone that housing markets must be assessed on a micro level, not wide-swathing national viewpoints. Canada’s most expensive market, Vancouver, earned a “low risk,” while Toronto, the other market often mentioned in conversations about overvaluation, was ranked as “moderate risk.”

“From a pure economic theory standpoint, when interest rates are low, then real asset prices will go up,” says Ross. “Real estate is one of the most interest-rate-sensitive sectors of the global economy. When it comes to mortgages, what we know is that people have a tendency to buy payments and be less concerned with total debt. The lower interest rates and longer amortizations allow for lower payment and as long as payments stay affordable – many people won’t get caught up with the sticker shock of more expensive real estate prices.”

So, who to believe, next time you see a report on Canada’s housing valuations?

Well, a Canadian source such as CMHC is a good start. Otherwise, as experts stress, remember to look at your individual market for a clearer indication, not the national assessment.

NEW SHOWHOMES NOW OPEN!

Open your door to Drake Landing Discover an established, family-friendly community in Okotoks where you can build a new home with an award-winning builder and open your door to nature preserves, parks and playgrounds. A new phase has just been released - act now to have your choice of home and lot and tour a showhome at the corner of Milligan Drive and Drake Landing Blvd.

Visit DRAKEUNITED.COM for builder information, lot maps and directions.

L I F E S T Y L E H O M E S | P R O M I N E N T H O M E S | S T E R L I N G H O M E S Starting from the $400s

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Auburn Bay Gardens Developer: Carma Builders: Heartland Homes | Cardel Homes | Cedarglen Homes | Baywest Homes | Jayman MasterBUILT | Albi Homes | Morrison Homes

2 Copperfield Developer: Hopewell Residential Communities Builders: Broadview Homes | Coco Homes Sabal Homes | Stepper Custom Homes

17 AVEN

3 Cranston Developer: Carma Builders: Albi Homes | Beattie Homes | Cardel Homes | Cedarglen Homes | Trico Homes

Cranston Estates Showhomes: Corner of Cranston Ave.& Cranarch Rd.

4 WALDEN Showhomes: Walden Rise SE Developer: Genstar Builders: Shane Homes | Cardel Homes | Innovations

by Jayman | Excel Homes

MORE VOIR

HLAND DRIVE

DERSON ROAD

24 STREET

Builders: Albi Homes | Landmark Homes | Baywest Homes

Developer: Carma EEK PARK

Showhomes: Mahogany Heath SE. Developer: Hopewell Builders: Jayman MasterBUILT | Sabal Homes | Stepper Custom Homes | Trico Homes

6 McKenzie Towne Developer: Carma

ELGIN VILLAGE Showhomes: Elgin Meadows Green SE. Elgin Estates Park SE. Builders: Cardel Homes | Homes by Avi | Albi Homes | Heartland Homes VILLAGE OF PRESTWICK Showhomes: Prestwick Blvd SE. Builders: Cedarglen Homes | Jayman MasterBUILT

7 New Brighton

Showhomes: New Brighton Dr. SE. Developer: Carma Builders: Beattie Homes | Cardel Homes | Cedarglen Homes | Morrison Homes | Heartland Homes | Homes by Avi

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SHERIFF KING STREET

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DEVELOPER: Genstar BUILDERS: Cardel Homes, Excel Homes, Homes by Avi, California Homes, Avi Urban DEVELOPER: Hopewell Residential BUILDERS: Jayman MasterBUILT, Sabal Homes, Stepper Custom Homes, Trico Homes, Homes by Avi ESTATE BUILDERS: Calbridge Homes, Morrison Homes, Homes by Avi www.mahoganyliving.com

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05 MAHOGANY

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MORE VOIR

DEVELOPER: Brookfield Residential BUILDERS: Albi Homes, Shane Homes, Cardel Homes, Cedarglen Homes, Trico Homes, Morrison Homes, Landmark Homes, Baywest Homes, Brookfield Residential RIVERSTONE OF CRANSTON BUILDERS: Albi Homes, Cedarglen Homes, Landmark Homes, Baywest Homes, Calbridge Homes, Brookfield Residential www.livecranston.ca

52 STREET

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03 CRANSTON

SETON BLVD SE

DEVELOPER: Brookfield Residential BUILDER: Mosaic Townhomes: Brookfield Residential www.livemckenzietowne.com

07 NEW BRIGHTON

DEVELOPER: Brookfield Residential BUILDERS: Shane Homes, Cedarglen Homes, Morrison Homes www.livenewbrighton.ca

08 CHAPARRAL VALLEY

DEVELOPER: Genstar BUILDERS: Cardel Homes, Jayman MasterBUILT, Innovations by Jayman, Cardel Lifestyles, Homes by Avi, California Homes

09 QUARRY PARK

4

DEVELOPER: Remington Corporation BUILDERS: Cardel Homes, Birchwood Properties, Albi Homes

10 LEGACY 10

01 AUBURN BAY

9

DEVELOPER: Brookfield Residential BUILDERS: Brookfield Residential, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Innovations by Jayman www.liveauburnbay.ca

DEVELOPER: Westcreek Developments BUILDERS: Stepper Custom Homes, Albi Homes, Trico Homes, Excel Homes, Sterling Homes, Creations by Shane Homes, Innovations by Jayman, Calbridge Homes, Morrison Homes www.legacylife.com

02 COPPERFIELD

DEVELOPER: Hopewell Residential BUILDERS: Excel Homes, Sabal Homes, Stepper Custom Homes

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 23

//FINANCES

5 things first-time homebuyers need to know More than ever, first-time homebuyers are weighing their options before embarking on the Canadian dream of owning a home.

“We want consumers to be comfortable with the financial responsibilities of owning a home, so it’s important to determine what they can afford in order to maintain a reasonable lifestyle once they’ve made the leap,” says Phil Soper, president of Royal LePage Canada. Soper offers these tips for firsttime homebuyers: 1. Determine your net worth. Total your assets (cash, investments and savings) and

subtract your liabilities (loans, lines of credit and credit cards). A positive number is a good sign you may be ready to purchase your first home.

2. Obtain mortgage pre-approval. There are many different mortgage options

available on the market today. Thoroughly investigate the terms and rates available, and once you have settled on a rate, term and amortization period, apply for mortgage pre-approval with your lender.

3. Consider hiring a real estate agent. Top agents have extensive experience and

demonstrate dedication and commitment to helping their clients – whether

buying a resale home or a brand new one. Ask your family and friends referrals, and explore online to read profiles and reviews of agents. A real estate agent will have knowledge of accurate, real-time market data to leverage your negotiating position.

4. Be realistic. Choose a home that is

within your means Keep in mind that you will need to set aside extra funds for ongoing home maintenance and potential increases in utilities, taxes, condo fees and mortgage rates.

5. Consider taking on a tenant. Renting

out a spare room can put extra money in your pocket, helping you to pay down your mortgage faster.

//ASK AN EXPERT

DOG OWNERS SHOULD PLAN AHEAD WHEN BUILDING A NEW HOME

Q&A Q&A

ASK AN EXPERT

by HEATHER RYAN

tile, which is more durable if your dog spills water out Q: Do you have any advice you can give to dog owners when building a new home? of his dish.

A: “The great thing about buying a new home is you can ASK AN EXPERT: “We also have a walk-through pantry from the garage

by HEATHER RYAN work with the builder to change the floor plan to and mudroom, so we added a door to block our dog from accommodate your dogs,” says interior designer Brandy getting in there,” Lind says.

Lind. “I’m building a new home and I have a big dog so we For flooring, tile in the mudroom makes it easier to clean made a few changes and I pass along ideas to customers. up muddy paw prints, and a laminate over hardwood is a “To me it’s important to decide where you’ll put the more durable choice on the main floor. If you want dog; consider where will it eat, sleep and go outside,” she hardwood, Lind suggests a natural colour without a stain as says. “Most homes have the door to the back yard off the it will hide any scratches more than a dark-stained wood. dining room. We decided to add an exterior door by the “We also have carpets with stain and soil protection, which mudroom, that way our dog can be let out to a dog run holds up well if you have a puppy being house trained.” along the side of the house.”

Since many new homes are two-storey designs, putting When adding an external door and/or dog run, keep tile on the landing is a good idea when puppy or pet training as anywhere a pet can stop or sit they will often pee, plus it in mind that it may affect placement of the electrical adds a nice decorative touch, she adds. Another popular idea panel, outdoor meter or fence, so planning ahead is is to add a dog wash station in the mudroom, half-bath or important, she notes. garage and putting in doggy doors.

Another idea is to widen the mudroom to create a For other home related niche for the dog crate or bed and provide space for food, toys, bowls and other pet supplies. Also, consider questions, contact Shane Homes upgrading the baseboards in the dog area from wood to at brendak@shanehomes.com.

24 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

25

1A

COCHRANE

1

22X PRIDDIS

TURNER VALLEY

ideal growing conditions

SHOWHOMES NOW OPEN

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IE K

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For couples and families, young and old, The Ranch in Strathmore offers the

AIL

RE AV ENUE

WALMART RANCH MARKET

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AR

perfect blend of small town charm, access to big city amenities and quality home construction. Jager Homes and Westview Builders are crafting unique single-family homes with attached garage on 34’ lots. Showhomes now open! For more information visit THERANCHUNITED.COM

TRANS-CANADA HWY

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26

JAGER HOMES | WEST VIEW BUILDERS |

Homes from the $330s

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

See ad of a particular project for more details.

2

E

4

1

3

STRATHMORE 1

CALGARY

CHESTERMERE 797 LANGDON

22X

22X

DDIS

VALLEY

HERITAGE POINTE

BLACK DIAMOND

2

OKOTOKS

CHESTERMERE 543 RAINBOW FALLS

22 DEVELOPER: Truman Developments HIGH RIVER BUILDER: Jager Homes, Lionsworthe Homes, Douglas Homes, ReidBuilt Homes WESTMERE

DEVELOPER: Melcor BUILDERS: Lifestyle Homes, ReidBuilt Homes

SHORES ON WESTMERE

DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

KINNIBURGH

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

2A 04 BUFFALO HILLS (coming soon)

BUILDERS: Prominent Homes Douglas Homes, Klair Custom Homes Prominent Homes, Mapeland Homes

LAKEPOINTE

DEVELOPER: Mattamy Homes BUILDER: Mattamy Homes Sales centre 400 Westpark Dr.

LANGDON BOULDER CREEK ESTATES

DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Broadview Homes

HANSON PARK

DEVELOPER: Hanson Park Developments BUILDERS: Canaco Homes Ltd, Ovation Homes Ltd, Douglas Homes

STRATHMORE THE RANCH IN STRATHMORE

DEVELOPER: United BUILDERS: Jager Homes and Westview Builders

WILDFLOWER RANCH IN STRATHMORE

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

EDGEFIELD IN STRATHMORE

DEVELOPER: Pollyco BUILDERS: ReidBuilt Homes, Ovation Homes, Westview Homes, Aquilla Homes www.edgefieldstrathmore.com

LYALTA 03 THE LAKES OF MUIRFIELD

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

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 27

//INSIGHT

THE IMPORTANCE OF

landscape consultations Âť by BRAD JACKMAN

A

consultation with a reputable landscaper is the best place to start when planning your outdoor project. You can essentially interview your landscape contractor and become familiar with their ideas, company procedures and overall vibe.

Hiring the right professional landscaper is the most important step of your project, and it is essential you do your research. Ask to see their portfolio, view their website, talk with previous clients and look into some of the products yourself. Most importantly ask lots of questions.

Landscape construction can be done very differently. Hire a company that uses quality equipment, utilizes the best products available and installs everything professionally. It is important to hire someone with extensive experience in the industry, and is a full service landscape company.

The key to enjoyment and the longevity of your yard is quality craftsmanship. A detailed plan and open communication will provide the foundation for a successful landscape project.

Landscape 360. Professional Landscape Construction 28 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

It is important to understand that quality landscaping requires substantial investments of time and money. Thus having a budget and planning around that budget will be crucial.

Landscaping your new home will require breaking your project into categories and allocating your budget accordingly. The first category should be your home’s hardscape – the major focal points of your yard such as decks, retaining walls, patios, walkways and task-specific areas such as fire pits and barbecue stations. Your hardscape will determine your yard’s function, boundaries and overall flow. This is done first in the project, and will have a large influence on your budget and how the project is executed.

The next category to consider is your landscape amenities. This will include irrigation, lighting which make living in your home more comfortable and luxurious. Landscape amenities are typically installed mid project and can add great value and function.

The last category to consider is your softscape. This will include trees, shrubs, perennials, garden beds, and turf. These horticultural elements bring everything together, create life, color, personality and create the overall vibe of your home. These options are essential and are done in the final stages of your project. Garden beds can include decorative rock, mulch or be finished with fresh garden mix or loam.

A locally owned and operated Calgary based company, Landscape 360 specializes in residential, estate and acreage landscape construction. Our philosophy is based upon professionalism, quality, trust and respect. Brad Jackman and Brian Smith lead a team of friendly, knowledgeable and hard working staff.

403.452.0360 | landscape360.ca |

like us on facebook JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 29

30

›› COCHRANECOMMUNITIES RA

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261

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3

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01 HERITAGE HILLS

05 MONTERRA ON COCHRANE LAKE

02 JUMPING POUND RIDGE

06 WESTPOINTE ESTATES

DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Trico Homes, www.jumpingpoundridge.com BUILDERS: WestView Builders, Kingsmith Homes

03 SUNSET RIDGE

DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations

by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi

04 RIVERSONG

DEVELOPER: Tamani Communities BUILDERS: Innovations by Jayman, Sabal Homes, Jayman MasterBUILT, Trico Homes

.

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See ad of a particular project for more details.

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6

GEORGE FOX TRAIL

43

2

8

RD

DEVELOPER: Medallion Development Corp.

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

DEVELOPER: MGM Developments.

BUILDERS: Mapleland Homes, Kingsmith Homes

07 FIRESIDE

DEVELOPER: La Vita Land BUILDERS: Calbridge, Janssen, Kingsmith, Landmark, ReidBuilt Homes www.firesidecochrane.com

08 HEARTLAND

DEVELOPER: Apex Developments BUILDERS: Excel Homes www.heartlandcochrane.com

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 31

RANGE RD 40

HORSE CREEK RD.

NG

1A

1A

//THE HOMEBUYING PROCESS

Making the most of your outdoor space » by DONNA MOORE

DONNA MOORE

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

With the warm weather upon us it seems everyone is eager to be outside and make the most out of our short summer season.

For many people, that means looking at ways to improve their outdoor living space.

Regardless of the size of your property, your outdoor space can be an extension of your home where you can get together with family, friends and neighbours to enjoy the sunshine relaxing on the deck or patio, or hosting a backyard barbecue.

With a little planning and a bit of hard work, you can turn your backyard into an attractive entertaining space or a private oasis, while the frontyard can present colourful gardens that add to your home’s curb appeal and the neighbourhood streetscape.

Buying a new home provides a tremendous opportunity to develop your landscaping from scratch. Whether you want lush green lawns, blooming gardens or zero maintenance landscaping, you have a blank canvass to create whatever suits your lifestyle.

Home builders in the Calgary region recognize the importance of creating a whole home atmosphere, inside and out, and many offer landscaping options or “packages” that include patios and decks, as well as tree planting and sodding.

These landscaping options allow new-home buyers an opportunity to finish the look of their homes so they can immediately enjoy all of the benefits of their purchase.

Many builders also have a network of professionals, including landscape specialists, whom they can recommend to their customers. Buyers can then deal directly with these specialists when it comes time to design and create their landscaping.

Whether you plan to work with your builder, hire a landscaper or do the work yourself, there are some things to consider before starting your landscaping project.

You should start with good planning to make sure you develop a full vision of your entire outdoor space to avoid making mistakes even if you’re not doing all of the work right away. To begin, put together a wish list – those items that you have always wanted such as gardens, ponds, waterfalls, patios, decks, fences and pergolas.

Then review those items and compare them to the space you have. Think about what items are going work in the

32 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

space and drop some that just won’t.

Also think outside the box – you don’t need a huge space for a waterfall if you go with a flat design that can be hung vertically on the side of a garage wall.

Once you’ve done the planning, consider what items you want done now and what can be phased in over time when budget allows.

When planning landscaping projects, remember soil preparation and water control, particularly drainage, are crucial. Discuss with your builder items such as soil type on your property, landfill, foundation height and backfill around the house.

It’s important to know your drainage patterns and the placement of eavestroughs and downspouts so that whatever you create allows for water to drain away from the foundation.

Also, consider other needs such as electricity for lights or a natural gas line hookup for the barbecue or an outdoor kitchen.

Some popular trends in outdoor designs in recent years include roof structures, which allow you to enjoy the outdoors even during a rain shower, outdoor fireplaces and fire tables that add warmth to chilly Calgary evenings and outdoor kitchens and living rooms that extend your indoor entertainment outdoors.

Remember, whatever you choose for your landscaping be realistic and factor in how much maintenance you want to do.

Landscaping is an integral part of your new home, so explore your options thoroughly and remember to save some time to enjoy your creation.

//DESIGNER Q&A

Ikea recently partnered with Jillian Harris to showcase its new Sektion kitchen system – which provides endless possibilities for personalization to suit any space.

We adore Jillian’s pretty and feminine-inspired cooking space, and we got a chance to ask her all about it!

IN THE KITCHEN WITH INTERIOR DESIGNER

Jillian Harris New Home Guide: What is your favourite detail about this Ikea kitchen?

Jillian Harris: The drawers-insidedrawers that provide maximum storage! I love how they are removable and adjustable. This makes it easy to store your dishes in drawers so that no reaching or looking is necessary.

mine is keeping like items stored together. For example, I have a drawer that opens things and cuts food like knives, scissors, and bottle openers and a drawer that “stirs” with items like spatulas, spoons and whisks.

NHG: How can homeowners keep organized in the kitchen?

JH: I put a reminder in my calendar once every six months to look at everything in my cupboards and drawers to see what I’m using – and how often – and organize accordingly.

I find ways to section my cupboards and drawers by using Tupperware containers or other storage containers.

Lots of labels are really important to me too, as they make everything quick, easy and organized. Another secret of

NHG: What’s the best meal you’ve ever eaten?

JH: I have eaten a ton of great meals, but I’d have to say Spaghetti Bolognese will always have a place in my heart as my favourite meal to eat!

NHG: How can homeowners add style to their cooking space without breaking the bank?

JH: Adding a touch of fresh herbs and plants you can cook with is a great way to get creative. Also, changing countertop pieces to inexpensive on-trend items such as unique cutting boards, vases and vintage trays.

NHG: If you could invite anyone famous (living or past) for dinner who would it be? What would be on the menu?

JH: It would probably be my great grandpa because I’ve heard from everyone in my family that he was such a great guy. I would make him some pork chops, sauerkraut and home-made perogies. If I had to choose someone famous it would be Oprah, Taylor Swift and Martha Stewart.

For more information visit ikea.ca JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 33

›› AIRDRIECOMMUNITIES 3

7

VETERANS BLVD

01 BAYSIDE ESTATES

VETERANS BLVD

DEVELOPER: Genesis Land Development Corp.

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

02 WINDSONG

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

1ST AVE

03 REUNION 10

DEVELOPER: Hopewell Residential BUILDERS: Excel Homes, Sabal Homes, McKee Homes

EAST LAKE

04 KING’S HEIGHTS

DEVELOPER: Melcor BUILDER: Loreck Homes, McKee Homes, ReidBuilt Homes, Shane Homes, Homes by Avi, Innovations by Jayman www.kingheights.ca

NOSE CREEK

05 RAVENSWOOD

1 YANKEE VALLEY BLVD

YANKEE VALLEY BLVD

DEVELOPER: Qualico BUILDERS: NuVista, McKee Homes, Pacesetter, Broadview

06 COOPER’S CROSSING 2 NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

9

5

6 4

DEVELOPER: Westmark Holdings BUILDERS: McKee Homes, Trico Homes, Vesta Properties, Canterra Custom Homes, Crystal Creek Homes and Harder Homes, Lifestyle Homes

07 WILLIAMSTOWN 8

DEVELOPER: Vesta Properties BUILDERS: Vesta Properties

08 HILLCREST

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

09 SOUTHWINDS

Developer: Mattamy Homes Builders: Mattamy Homes

10 CANALS LANDING

Developer: Genesis Land Development Corp.

Builders: ReidBuilt Homes, Mckee Homes, Crystal Creek Homes, Genesis Builders Group, Westview Homes

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 35

The Pinnacle of

LUXURY A Brand New Magazine Dedicated to High-End Properties in Calgary and Area

The only magazine of its kind in Calgary, Luxury Living showcases high-end homes, condos and properties.

This is your exclusive opportunity to establish your property as the pinnacle of affluent living.

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E AT AVAILABLE ONLIN y.com LuxuryLivingCalgar

SUMM ER 2015

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WITH 10 QUESTIONSLLA CE VAUGHAN WA 5/21/15 4:33 PM

LLCL_May_2015.indd

36

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Brought to you by the publishers of

37

//CALGARYISM

8 simple tips to help get your home ready for summer » by CODY BATTERSHILL

CODY BATTERSHILL is the founder of Calgaryism and a top producing realtor at ReMax House of Real Estate. Born and raised in Calgary, Cody has a passion for helping his clients accomplish their real estate goals and loves to show off the best Calgary has to offer!

He can be reached at 403-370-4180, @Calgaryism on Twitter and calgaryism.ca

Most of us who live in a place that has cold winters, such as Calgary, for example, are already looking forward to the summer by the time the deep freeze hits. You may be ready for the warmth long beforehand, but is your home?

Here are some quick reminders that will help you get your home ready for summer both inside and out.

CHANGE THE AIR FILTER Keep the circulating air in your home as “particle-free” as can be by changing your furnace air filter, typically located somewhere along its bottom. Some people do this every month or two during spring and summer, even though it’s recommended to do so every three to four. Air filters can be purchased from your local home department store such as RONA, Home Depot and Canadian Tire. Make sure to check your filter size before you go so no time is wasted!

TEST THE AIR CONDITIONING SYSTEM Have a built-in air conditioning system in your place? Now would be the time to test it! Mobile and ceiling fans do a good job of circulating air but don’t much at all in terms of actually cooling it. But hey, a fan or two could be a temporary fi x until your system is up and running.

CLEAN THE SCREENS Door and window screens can build up dirt and other residues a lot quicker than expected. To get full enjoyment out of that warm summer breeze, try cleaning any screens in a large sink or with a light spray from the garden hose outside. The air entering your home should feel cleaner to breathe as a result.

38 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

PUT REFLECTIVE FILM ON WINDOWS If you are really into keeping things cool around home, try installing reflective films on windows, curtains with sunscreenfabrics or black-out roller shades. New homes typically already have solar resistant films that help keep the home cool during summer, but nevertheless, an additional film or alternative form of protection is always be an option.

PROTECT ANY OUTDOOR WOOD From decks and furniture to fencing and decorations, wood adds charm and character to the exterior area of your home.

It also takes heaps of abuse from the hot sun and the rest of the elements, so it’s best to protect it by applying a fresh coat of high-end exterior wood finish from your local home department store. This will protect from those deadly UV rays while keeping everything looking nice and dandy.

DOUBLE CHECK THE IRRIGATION SYSTEM If you have one, that is. Your lawn, flowers, plants and trees will be happier that you took the time to work out those kinks before the summer sun is really beating down on their heads.

BE AWARE OF INSECTS Bugs are the hardiest living organisms on Earth, and can also be the peskiest when they find their way into the toughest to reach places around – like our homes! Be minded of insects like carpet beetles, for example, that can attach themselves to clothes or backpacks outside and get a free-ride in only to create one heck of a pest problem. Grab a few fly-swatters as well, because you never know when one of these critters will make their way into your place!

PREPARE FOR THE BARBECUE! Most guys just can’t wait for the summer months and the backyard barbecues that go with. In places such as Calgary, for example, non-barbecue weather can turn to full-on barbecue weather in just an hour's time, so be prepared with the propane, a lighter and all the other essentials so you don’t miss the opportunity!

You can never be too detailed when taking care of your home, not only for personal satisfaction, but also for resale value if and when the time comes. I wish you an awesome summer!

BAN

FF

EN

UE

COACH ROAD

01 MYSTIC RIDGE

DEVELOPER: La Vita Land BUILDERS: Calbridge Homes www.mysticcalbridge.com

16 AVENUE

02 CURRIE BARRACKS

BOW TRAIL

MEM

ORI

7

DEVELOPER: Qualico Communities BUILDERS: Augusta Fine Homes, NuVista Homes

BLACK FOOT TRAIL

2 ELBOW DRIVE

3

DEVELOPER: Legend Developments

04 CRESTMONT

37 STREET

1

5

BUILDERS: Crystal Creek Homes, Empire Custom Homes, Avi Urban, Calbridge Homes, Core Properties, Jayman Modus, Slokker Canada West

03 SPRING VALLEY

17 AVENUE

17 AVENUE

SARCEE TRAIL

14 AVENUE SW

69 STREET

05 ELMONT BAY

BUILDERS: Westview Builders, Winwood Homes www.elmontbay.com

06 DRESSAGE IN SILVERADO

DEVELOPER: Qualico Communities BUILDERS: Baywest Homes, Augusta Homes

SOUTHLAND DRIVE

07 WESTLAND ESTATES

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

08 WEST GROVE ESTATES

ANDERSON ROAD

BOTTOM TR

FISH CREEK PARK

9

MCKEVITT JAMES

FISH CREEK BLVD

BUILDERS: Prominent Homes, Crystal Creek Homes, Lupi Luxury Homes, Augusta Fine Homes, West Grove Estates

09 SHAWNEE PARK

DEVELOPER: Cardel Homes BUILDERS: Cardel Homes www.cardelhomes.com

SHAWNESSY BLVD.

MA IL

TRA

6

SHERIFF KING STREET

D

OA

CLE

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37 STRE

162 AVENUE

S PRUCE MEADOWS HWAY

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

See ad of a particular project for more details.

MACLEOAD TRAIL

GLENMORE RESERVOIR

24 STREET

8

85 STREET

OLD

AV

14 STREET

16

4

CENTRE STR

›› SOUTHWESTCOMMUNITIES

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 39

EDMONTON’S NEW RENTAL UNIT CONSTRUCTION SOARS IN 2015 (PART 2)

In our last article, we discussed a recent construction

quality finishes and features, which helps to explain why

surge that has taken place in Edmonton’s professionally

rent prices in this market have averaged 10% higher

managed apartment rental market and proposed that

than those in the primary rental market since 2010.**

the developers of these new projects had tuned into an

Currently, vacancy rates in Edmonton’s secondary

emerging trend. So, what trend were we referring to?

markets continue to remain at record lows.**

In short, a fair proportion of consumers in the apartment

Secondly, the high-end new rental construction

rental market have started to show a preference towards

projects currently pre-leasing in this market have

high-quality rentals, or those with “condo-quality”

found great success thus far in achieving full lease

finishes and features – a popular marketing term used

rates during their construction projects through the

when advertising these new rental properties.*

use of presentation centres that look similar to those of new homeownership condo developments. One local

Specifically, commonly marketed new condo finishes

developer of such projects recently told The Globe and

such as tile flooring and granite countertops, and living

Mail that he signs 1.5 leases/day for rental rates that

features such as in-suite laundry and heated parking

average roughly $200/month above the average rent

stalls now formulate a basis of comparison for what is

of the area.*

considered high quality in Edmonton’s current rental markets. In general, these qualities are lacking in the

Looking forward, it is expected that more of these

city’s standing primary apartment rental market, where

new high-end rental projects will begin pre-leasing

75% of all units were built prior to 1980 and just 7% of

in Edmonton’s market in the near future. Intelligence

units began construction after 2000.*

House will be closely monitoring the extent to which this trend may play out, and how it might affect the

The demand for these qualities has been evident in

demand for Edmonton’s standing rental properties in

recent years by two emerging trends.

its maturity.

Firstly,

from

the

demand-driven

expansion

in

Edmonton’s secondary rental market from 2012 to

More on this next time…

2014. During this time, Edmonton’s secondary rental universe grew by roughly 2,100 units, while the primary rental stocks remained stagnant.** Intelligence House has found that, in general, these secondary market apartment units are is much more likely to contain highIntelligence House Edmonton’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real is estate industry.newest and most Intelligence House Edmonton’s innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real estate industry.

40 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

*“In Edmonton, once a condo, now a rental,” The Globe and Mail, Published Friday, April 10, 2015 **Statistical figures & trends based on publications provided

by CMHC and/or the City of Edmonton

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield

PANORAMA ROAD

STONEY TRAIL

4 52 STREET

HARVEST HILLS

METIS TRAIL

MONS VALLEY ROAD

›› NORTHEASTCOMMUNITIES COUNTRY HILLS BLVD.

IN

GT

TR

AI

80 AVENUE

1

UR

IE

BL

VD

32 AVENUE

14 STREET

.

64 AVENUE

MCKNIGHT BLVD.

68 STREET

LA

64 AVE.

CENTRE STREET

N

2

CALGARY INTERNATIONAL AIRPORT NOSE HILL PARK

OH

L

FALCON RIDGE

SHA GAN

NAP I TR

AIL

ON

68 STREET

ER FO OT

DD

DE

BE

36 STREET

TR AI

L

5 COUNTRY HILLS BLVD.

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

04 REDSTONE

02 SADDLEBROOK

05 CITYSCAPE

DEVELOPER: Genesis Land Development Corp.

BUILDERS: Genesis Builders Group www.genesisbuildersgroup.com DEVELOPER: MLC Land Company BUILDERS: Elite Homes, Pacesetter Homes, Trico Homes

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

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 41

//OUTDOOR LIVING

2015

Outdoor trends » by CARSON ARTHUR

Whether you have a large backyard or a balcony built for two, outdoor living and renovating has become a trend in itself. With new stats coming out every day about the impact of outdoor renovations on home value, landscaping is quickly rising to the top of the to-do list. So, whether you are planning to renovate or just sit outside and enjoy the sun, here are my top outdoor trends for 2015.

COLOURFUL BARBECUES Building on its success of the condosized Q-1200 propane barbecue, Weber has launched a new line of the popular model with bright and colourful lids!

Now you can have a grill that also adds a splash of colour to your balcony. These small-scale units use liquid propane cylinders versus the big tanks, making them portable and space saving. They’re functional and stylish at the same time!

CARSON ARTHUR

is an international landscape designer with a focus on environmentally friendly design. He is HGTV’s Critical Listing landscape guru and appears regularly on TV, writes for various publications about outdoor design and is the author of the acclaimed book Garden Designs for Outdoor Living.

Visit carsonarthur.com

$219

weber.com

OUTDOOR RUGS… THAT LOOK LIKE GRASS! Canadian Tire’s new private label, Canvas, is coming into the market place with a rug that surprised me with its unique innovation. Combining the look of turf with a classic baroque design, these carpets are not to be confused with the indoor models. Finally, we have a carpet that complements outdoor living.

$109

canadiantire.ca/ canvas

HEIRLOOM VEGETABLES The “grow-it-yourself ” movement has firmly taken root in Canada! GIY has been my mantra for several years, and now homeowners are jumping on board with planters and gardens full of vintage veggies and herbs. This trend of growing food that you know is safe for your family has really resonated with the younger generation, with millennials starting seed saving companies and protesting anything GMO. edibleantiques.ca 42

Bright colour is big for the backyard in 2015. Check out our top picks.

Garden Treasures 10-ft. Square Offset Umbrella with LED Lights. $399. lowes.ca

Hampton Bay Painted Triangles Lumbar Pillow. $16. homedepot.ca

Solvinden Led Solar-Powered Floor Lamp. $15-$17 each. ikea.ca

Bird Bath. $39. rona.ca

Round Outdoor Chairs. $40 each. walmart.ca

43

//IN THE NEWS

Calgary at low risk of housing market correction » by LYDIA MCNUTT

“ MLS sales have declined in recent months...pushing the sales-tonew-listings ratio to buyers’ market levels, reflecting the impact of lower oil prices on housing demand in these oil-producing centres. This is expected to place downward pressure on house price growth, which could lessen the current risk of overvaluation in Calgary.”

Calgary is safe from a housing market correction, for now, according to a recent report by Canada Mortgage and Housing Corp. (CMHC) that identifies Canada’s riskiest housing markets. In spite of Alberta’s oil woes, and the sky-high prices in Vancouver and Toronto, Winnipeg and Regina were the chart-toppers when it came to risk level.

CMHC identified housing markets as “overvalued” when real estate price gains have surpassed increases in personal disposable income.

Overvaluation is one of CMHC’s risk measures, along with overheating; acceleration in the growth of house prices; and overbuilding.

From a national perspective, CMHC observed modest overvaluation across the country, with real estate price gains slightly outpacing personal disposable income, population growth and other factors. But “overheating, acceleration in house prices and overbuilding are not a concern at this time,” the housing authority said. However, this isn’t the case from coast to coast.

Calgary is at an increased risk of overvaluation, but it fared well when it came to overheating, overbuilding and the rate of house price growth. The drop in real estate sales owing to economic uncertainty is expected to temper price growth, “which could lessen the current risk of overvaluation in Calgary,” CMHC reported.

44 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

SURVEY SAYS...

According to a recent survey by the Appraisal Institute of Canada, 7% Seven per cent of Canadians plan to buy a home or property in the next year.

69% Of those, 69 per cent are worried about inflated prices.

30% Thirty per cent of those who are not planning to buy a property in the next year were influenced by the fear of overpaying.

While some of Canada’s housing markets have mellowed, real estate prices in other markets continue to rise – out of reach, many fear. The usual suspects would be Vancouver and Toronto, where average detached homes has surpassed the $1 million mark. But in spite of the ever-increasing values in these cities, Vancouver ranked as a low-risk housing market, while Toronto measured at the moderate risk level.

At the other end of the spectrum, Winnipeg and Regina are in the hot seat, posing the greatest threat for a housing market correction, with strong price growth overshadowed by modest disposable income increases.

›› CALGARYREGIONSOUTH 1A

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

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 HIGHWOOD LAKE

DEVELOPER: WestView Builders BUILDER: WestView Builders

HIGH RIVER

BLACK DIAMOND RIVERWOOD ESTATES

DEVELOPER: Riverwood Estates Inc. BUILDERS: Woodmaster Homes Ltd.

HAMPTON HILLS

BUILDERS: WestView Builders

MONTROSE

DEVELOPER: Dream Development BUILDER: Lifestyle Homes, Red Door Homes

PRIDDIS

HERITAGE POINTE ARTESIA AT HERITAGE POINTE

DEVELOPER: Heritage Pointe Properties Inc. BUILDERS: Astoria Custom Homes, Albi Homes, Calbridge Homes www.liveatartesia.com

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

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 45

Builders and Developers Hopewell Residential Baywest Homes Cardel Homes Vesta Properties Jayman BUILT Homes by Avi Mattamy Homes United Communities Jager Homes

web directory

Dream Development Brookfield Residential Bordeaux Developments

www.baywesthomes.com www.cardelhomes.com www.vestaproperties.com www.jayman.com www.homesbyavi.com www.mattamyhomes.com www.unitedcommunities.com www.jagerhomes.com www.dream.ca www.livebrookfield.com www.bordeauxdevelopments.com

Sabal Homes

www.sabalhomes.com

Shane Homes

www.shanehomes.com

Trico Homes

www.tricohomes.com

Calbridge Homes

www.calbridgehomes.com

Landmark Homes

www.landmarkgroup.ca

Cedarglen Homes

www.cedarglenhomes.com

Morrison Homes Excel Homes Apex Developments Genesis Land Genstar Developments Landscape 360 Qualico Communities Stepper Custom Homes Tamani Communities Westmark Holdings – Cooper’s Crossing Watermark 46 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

www.hopewellcommunities.com

www.morrisonhomes.ca www.excelhomes.ca www.apexbuildergroup.com www.genesisland.com www.genstar.com/cities/calgary www.landscape360.ca www.qualicocommunities.com/calgary www.stepperhomes.com www.tamanicommunities.com www.cooperscrossing.ca www.watermarkatbearspaw.com

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

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 47

//HOMEBUYERS’ HELP

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 02 03

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

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

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.

48 NEW HOME GUIDE | JUN 19 - JUL 17, 2015

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 firsttime buyers take the 25-year amortization.)

05

Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06 07

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

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 andget pre-qualified.

Mortgage interest rates VARIABLE 6 month

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.350

4.000

2.940

2.640

2.540

2.690

2.740

Bank of Montreal - BMO

2.850

4.000

2.890

2.840

3.390

3.890

4.740

Bank of Nova Scotia

2.850

4.550

3.290

3.090

3.390

3.890

4.490

CIBC Mortgages

2.850

4.450

2.890

2.840

3.550

4.140

4.790

Caisses Desjardins

2.850

4.400

2.890

2.990

3.390

3.890

4.740

Canadian Western Bank

3.050

4.000

3.140

3.040

3.650

4.200

4.740

Canadian Western Trust

3.050

4.000

3.140

3.040

3.650

4.200

4.740

-

6.200

2.890

2.890

2.950

2.990

2.690

2.650

-

3.090

3.000

2.990

3.090

2.690

Effort Trust

-

4.450

3.350

3.500

3.700

4.300

4.350

Equitable Bank

-

-

3.140

3.040

3.650

4.390

4.640

First Calgary Financial

-

4.000

2.890

2.890

2.490

3.090

2.650

First National Financial

2.200

3.100

2.290

2.190

2.340

2.540

2.690

FirstOntario Credit Un.

2.850

4.240

2.890

2.590

2.690

2.840

2.690

HSBC Bank Canada

2.850

4.450

3.140

3.140

3.540

4.240

4.740

Home Trust Company

2.500

3.950

2.690

2.350

2.390

2.590

2.590

ICICI Bank Canada

3.050

-

3.150

3.650

3.640

3.690

3.690

Investors Group Trust

2.850

4.200

3.140

3.090

3.390

3.890

4.740

Laurentian Bank Canada

2.850

4.400

2.890

2.840

3.390

3.890

4.740

League Svgs & Mortgage

-

4.000

2.990

2.250

2.990

2.990

2.790

Libro Credit Union

-

3.750

2.850

2.850

2.890

2.890

2.890

London Life

2.850

4.200

3.140

3.090

3.390

3.890

4.740

Manulife Bank

2.550

4.450

3.000

2.940

2.840

2.790

2.790

Manulife Trust

-

4.450

3.000

2.940

2.840

2.790

2.790

Meridian Credit Union

2.650

4.000

3.090

3.090

3.550

3.290

2.690

National Bank

2.850

4.400

2.890

2.840

3.390

3.890

4.740

-

5.000

2.890

2.590

3.390

3.890

4.640

2.650

-

2.800

2.850

2.950

3.050

3.150

-

4.500

3.150

3.500

3.750

3.850

3.950

President’s Choice Fin’l

2.850

6.190

3.190

2.840

3.490

4.040

4.440

Royal Bank of Canada

2.850

3.140

3.140

3.040

3.650

4.390

4.640

Servus Credit Union

-

4.000

2.890

2.840

3.390

3.890

4.640

Steinbach Credit Union

-

-

2.450

2.550

2.550

2.650

2.650

T-D Mortgage

2.850

3.140

2.890

2.840

3.390

3.890

4.640

Tangerine

2.850

-

3.190

3.240

3.490

3.690

3.790

Comtech Credit Union DUCA Financial Services

PACE Savings & Credit Un Parama Credit Union Peace Hills Trust

MORTGAGE TYPES

ALL MORTGAGES ARE OF TWO BASIC TYPES: 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.

INSURED OR HIGH-R ATIO: 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 short-term 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.

PREPARED BY CANNEX ON MAY 27, 2015.

This information is current as of the date and time posted and is subject to change without notice. © Copyright 2015 CANNEX Financial Exchanges Limited. All rights reserved.

JUN 19 - JUL 17, 2015 | NEW HOME GUIDE 49

//MORTGAGE MOGUL

Why use a mortgage broker? » by JASON ELDRIDGE 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 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.

So why exactly should you contact a mortgage broker?

Firstly (and probably the biggest reason for most clients), rate, rate, rate! When you go to your bank, more times than not, you will be put into the common situation of having to negotiate with your banker for a better rate. When you work with a broker, if you qualify for the best rates (based on your credit history), you automatically get the best rates. And the best part is, it doesn’t cost you a thing. There is no charge for this service and no negotiation is required. Just remember, even a 0.25 per cent lower rate can save you thousands of dollars over the course of your term in interest.

Secondly, you have more lenders and options to choose from.

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 they have access to 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.

Thirdly, mortgage brokers cater to your schedule, not the other way around. Don’t you enjoy the process of calling your bank, and then you’re told that they can’t see you for a week or so because they are already “booked up” with appointments? 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.

If you are looking for a change, and would like to experience the convenience and value of working with a dedicated mortgage professional, please ensure that they have their proper accreditation. As a mortgage planner working with Axiom Mortgage Solutions, I am governed by the Alberta Mortgage Brokers Association (AMBA), and the Real Estate Council of Alberta (RECA). As always, I welcome any questions or comments you may have regarding the information contained in my articles.

Until next month…

JASON ELDRIDGE

P.F.P, B. Admin Mortgage Specialist, Axiom Mortgage Solutions (formerly Unisource Mortgage) Cell 403.630.1718, Fax 866.708.5807 Email jason@axiommortgage.ca Web/apply online jason.axiommortgage.ca

50

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FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM FOLLOW US: SALES CENTRE HOURS: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm Prices, specifications, terms and conditions subject to change without notice. *The Mattamy Price Assurance is a limited time offer subject to terms and conditions as outlined in accepted and firm purchase agreements schedules written and accepted after May 8, 2015 for the construction of a new home, and with respect to which all conditions are removed, and subject to other terms and conditions as set out in the Program. This is a limited time offer. E.&O.E.

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