Calgary New Home Guide - Jul 17, 2015

July 17 - Aug 14, 2015 Volume 18 Issue 8

INSIDE THIS ISSUE M

10 REASONS TO LOVE ALBERTA

A

WHAT ARE YOU PAYING IN MORTGAGE INTEREST?

W

CHBA - ALBERTA NAMES NEW PRESIDENT W

W

looking for a new home?

We can help!

The New Home & Condo Guide app is now

Brand new name, same great app.

Everything you need to know to buy your next home.

download the app

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contents JULY 17 - AUG 14, 2015 || VOLUME 18 ISSUE 8

ON THE COVER

p. 12

32 34

INNOVATIONS BY JAYMAN Last chance to buy in Riversong in Cochrane

50

Editor’s note

COLUMNISTS

18 20

by Wayne Karl

Calgaryism

10 reasons to love Alberta

by Cody Battershill

HOMEBUYERS’ HELP

14

by Donna Moore

Insight

Landscape season and your options

26

by Brad Jackman

Home Sweet Home

Low rates changing Canadians’ mortgage habits

IN THE NEWS

38

Fundamentally Speaking

Alberta recreational property on sale – maybe

CHBA - Calgary names new president, honours volunteers

30

by Lydia McNutt

IN EVERY ISSUE

8

The Homebuying Process

42

40

Housing Market

Will the housing outlook improve as quickly as it fell?

by Wayne Karl

Mortgages

Canadians expect to pay $60K in mortgage interest

44 47

Tips and Tricks Let there be light

by Sara Duck

Showhome Review

Shane Homes wows buyers with the Tofino II in Hillcrest

by Heather Ryan

Feature

Creating the perfect outdoor breakfast patio

by Jackie Swartz

Homebuying Experience

What we learned from buying a new home

by Wayne Karl

Tips and Tricks

Beautifying your backyard

by Vanessa Gash

Homebuyers’ Resource Section

Mortgage calculator and rate table

district maps 9 15 17 21 23

Cochrane Calgary South Region Southeast Northeast

25 29 33 37

Airdrie Okotoks Southwest

PRESIDENT, YELLOW PAGES NEXTHOME

Northwest

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Jacqueline Hill Susan Legge

DIRECTOR OF SALES, NATIONAL

Moe Lalani

Calgary East Region

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

Miguel Cea MANAGER OF PRODUCTION

Bala Gnanapandithan

26

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.

34

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

//EDITOR’S NOTE

Take avantage while you can Low interest rates still in your favour

T

SUSAN LEGGE

EDITOR-IN-CHIEF Yellow Pages NextHome Susan.Legge@ypnexthome.ca Follow me on Twitter at Twitter.com/SusanLegge

he Bank of Canada’s most recent rate announcement – holding its interest rate target at 0.75 per cent – is the continuation of good news for prospective homebuyers and those otherwise in the market for a new mortgage.

There are many excellent mortgage products available from banks and brokers that will suit your individual needs, and could well be lower than posted bank rates, which are currently hovering around three per cent for a variable rate.

With a pre-approval in hand, you’re protected if rates rise; if they go down, you’ll likely get an even lower rate. A pre-approval can be a win-win situation for shoppers, since it means you don’t

have to wait to get financing approval on a home when you put in an offer. Th is is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted fi rst since you already have your financing in place.

So when will rates rise? It’s anyone’s guess, but most experts agree there could be some movement later this year.

(BoC’s latest rate announcement was July 15, after press time.)

However, we can’t assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage.

It can take a few days. Many lenders offer online pre-approvals to make the process faster and easier.

Take advantage while you still can.

Buyers’ or sellers’ market?

Understanding the current conditions of your market will help you plan, time and execute your decision

W WAYNE KARL

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

8 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

hen buying or selling a home, it’s important to know the current conditions of your market. Is it a buyers’ or sellers’ market? Knowing the difference could help you time, plan and execute your transaction.

And, of course, there’s a third possibility – a balanced market – and that’s where most major Canadian centres sit, according to the Conference Board of Canada.

In the organization’s June 2015 Metro Resale Snapshot, a rising sales-to-listings ratio between April and May in 18 areas indicated broad market

tightening. Balanced conditions prevailed in 16 markets, while seven were in a buyers’ state and five favoured sellers. Eleven areas enjoyed at least a five-per-cent increase.

Despite stronger sales, listings rose in only 14 markets between April and May, and in 17 areas from May 2014.

The monthly increases were invariably small; only five areas had a gain of at least five per cent.

It might surprise you to learn that, despite all the publicity due to the oil slump, Calgary remains in balanced territory. Th is speaks to the long-term health of this market.

›› COCHRANECOMMUNITIES RA

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RIVER HEIGHTS DR.

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05 MONTERRA ON COCHRANE LAKE 09 THE WILLOWS OF RIVER HEIGHTS DEVELOPER: Medallion Development Corp.

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

07 FIRESIDE

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

HL

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03 SUNSET RIDGE

04 RIVERSONG

NC

HE

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06 WESTPOINTE ESTATES

DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes

by Avi

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RIVERHEIGHTS RISE

RIV

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02 JUMPING POUND RIDGE

www.jumpingpoundridge.com BUILDERS: WestView Builders, Kingsmith Homes

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

See ad of a particular project for more details.

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

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GEORGE FOX TRAIL

43

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RD

DEVELOPER: MGM Developments.

BUILDERS: Mapleland Homes, Kingsmith Homes

DEVELOPER: La Vita Land Inc. BUILDERS: Janssen Homes, Kingsmith Homes, NuVista Homes and Sterling Homes

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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 9

RANGE RD 40

HORSE CREEK RD.

NG

1A

1A

The ‘Family-fun-time’ Stage.

If this is where you’re at in life, the Servus Life Stage Mortgage can give you a little extra money for a beach vacation, road trip or anything else you need to make family time, quality time.

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

Feel good about your money.

10 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

IBJ-N

YOUR HOME

GETTING MORE FEELS GOOD.

VISIT US

Innovations homes are built to give you more space without having to spend more money. When your home is that much bigger than you expected, the sky looks bluer, the sun seems brighter, and your TV seems, well…you might need a new TV.

YOUR LAST OPPORTUNITY TO BUY IS NOW SHOW HOME HOURS

SALE CENTRE 585 & 589 RIVER HEIGHTS CRES.

MON-THURS 2-8PM

SALES MANAGER -

FRI CLOSED

IBJ-NHBG-FP- Riversong7.5x10.5_7.7.15.indd 1

$415,000

*

*Price based on average lot. Price of home, lot and GST subject to change.

SAT-SUN 12-5PM

nes

D. (403) 981-8877

KING’S HEIGHTS

DOUBLE GARAGE HOMES FROM

GET MORE AT JAYMAN.COM/RIVERSONG

KYM DAIGLE

EVANSTON

TODAY

LEGACY

MAHOGANY

RIVERSONG

w t l e d ne xt to the b o

SUNSET RIDGE

7/7/2015 10:50:13 AM

//COVER STORY

Last chance to buy a fabulous Innovations by Jayman

HOME IN COCHRANE’S RIVERSONG » by HEATHER RYAN

T

ime is running out for buyers who desire a fabulous new home in a tranquil community above the Bow River, as Innovations by Jayman is down to last offerings in Riversong in Cochrane.

Innovations by Jayman offers a wide range of stylish homes in three different product lines in Riversong, so there is

12 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

something to meet every buyer’s tastes, lifestyle needs and budget.

“We’ve been in Riversong for several years and have had tremendous success,” says area sales manager Kym Daigle. “We’re now selling out in all our lines and we should have construction completed by the end of the year. It’s really coming down to the last chance for people who want to live in an Innovations by Jayman home in Riversong.”

Innovations by Jayman is crafting two-storey Riversong Towns up to 1,450 sq. ft. with three bedrooms and 2.5 bathrooms.

Low-maintenance landscaping, a fenced yard, rear deck and, better yet, no condo fees, define these popular townhomes.

JAYMAN HOMES | Riversong in Cochrane

“These homes have been very popular, especially with first-time buyers, and we’re almost sold out with only two townhomes remaining priced at $329,900 and $349,000,” Daigle says. “These townhomes have been upgraded so they have laminate or hardwood and tile floors, stainless steel appliances and two-inch faux wood Hunter Douglas blinds.”

The two models remaining are the Assiniboine, which features a rear kitchen with built-in pantry and island, and the Capstone with two eating bars and pantry and they are available for immediate possession.

Innovations by Jayman also offers semi-detached, two-storey homes with single-attached garages that have been such a hit with buyers that they are sold out of lots.

“We currently have two spec homes that are priced and in the building process so they are available for quick possession and we have two more to build that have yet to be priced so buyers can ask about them at the sales centre,” Daigle says.

The two spec homes under construction are the Motive a 1,611sq.-ft. home with three bedrooms, 2.5 bathrooms and an upstairs flex room, priced at $364,900 and the Solstice, a 1,541-sq.-ft. home with three bedrooms, 2.5 bathrooms and a bonus room, priced at $379,900.

Both homes feature upgrades such as stainless steel appliances, hardwood, laminate and tile floors and granite or quartz countertops. They also include front yard landscaping and a deck.

Last but not least of the builder’s product lines are the front attached double-car garage models with 11 two-storey homes, with possessions available anywhere from now to in four months.

There are three models available starting from $444,900 – the Coda, Nitro and Unite – ranging from 1,800 sq. ft. and up with three bedrooms, 2.5 bathrooms and master suites with full ensuites including a separate tub and shower.

“These homes come with upgrades chosen by our designers including stainless steel appliances, hardwood, laminate and tile floors, granite or quartz countertops, fireplaces and bonus rooms,” Daigle says.

“We also have one beautiful pie-shaped lot with a southwest exposure remaining, but it won’t last long so buyers looking for this type of lot should act quickly,” she notes.

Riversong is an established new community featuring more than 40 per cent greenspace, including natural parks, tot lots and pathways, an established high school and a pedestrian bridge connecting the community to an array of shops, restaurants and services in downtown Cochrane.

Innovations by Jayman has six showhomes in Riversong: Towns at 33 and 37 River Heights Link; semi-detached at 586 and 590 River Heights Dr.; and double attached garage at 585 and 589 River Heights Dr., open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.389.6009 or visit jayman.com JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 13

//TIPS AND TRICKS Selamat Vineyard Chandelier-Natural. $215.

SHOPCANDELABR A.COM

Tiffany Locks Square Sunglasses. $340.

Antique Finish K-2 Ivory (8'1" x 11'10"). $3,825. ELTE.COM

TIFFANY.CA

Let there be

LIGHT

The hottest colour trend this season is no colour at all! Get inspired to lighten up your life, with the latest nude-hued decor finds. Âť by SARA DUCK

Fushion Chair. $4,280

BOCONCEPT.COM

Atelier - Hampton Chic - Wood Buffet with Metal Legs. $1,000.

BOUCLAIR.COM

Satin Embroidered Dot Pillow Cover. $40.

POTTERYBARN.COM

Tufted Sofa $499.

HOMESENSE.CA

14 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

›› 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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 15

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

//ASK AN EXPERT

Q&A

2 Copperfield

PLAN BEFORE YOU START LANDSCAPING

Developer: Hopewell Residential Communities Builders: Broadview Homes | Coco Homes ASK AN EXPERT Sabal Homes | Stepper Custom Homes RYAN

by HEATHER

3 Cranston

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

Q&A

ELGIN VILLAGE Showhomes: Elgin Meadows Green SE. Elgin Estates Park SE. Builders: Cardel Homes | Homes by Avi | Albi Homes | Heartland Homes

The Berkley $299900 BASE MODEL STARTING AT VILLAGE OF PRESTWICK Showhomes: Prestwick Blvd SE. Builders: Cedarglen Homes | Jayman MasterBUILT

7 New Brighton

PLUS LOT, GST & ARCHITECTURAL CONTROLS Showhomes: New Brighton Dr. SE. Developer: Carma The Berkley is one of our most popularBeattie models, and it’s easy to see why.

This home Builders: Homes | Cardel Homes | Cedarglen Homes& | customer Heartland service offers exceptional value, built with theHomes quality| Morrison craftsmanship Homes |This Homes

by Avi open concept home you’ve learned to expect from Trico Homes. functional

MASTER SUITE 13’0” x 12’0”

GREAT ROOM 13’0” x 15’10” NOOK 10’0” x 11’10”

UP

BEDROOM 2 10’9” x 10’7”

DN

is perfect for entertaining, featuring a large kitchen with central island and a bright and spacious front-facing bonus room with plenty of windows. | We’re not just building homes… we’re creating lasting value.

DN

INCLUDED IN THE PRICE: • 1¼ Granite Kitchen Countertops • 42” Kitchen Maple Cabinet Package • Hardwood & Tile Throughout Main Floor • Tile Floor In Laundry & Bathrooms • Pot Lights in Kitchen • Knockdown Ceiling...

Ceiling...And More

BEDROOM 3 10’9” x 10’6”

GARAGE 19’0” x 22’0” (418 SQ.FT.)

BONUS ROOM 18’0” x 12’5” / 11’9”

2019 Sq.Ft. Price is based on “A” Elevation Series.

*Price is based on our base model price and “A” Elevation Series or comparable elevation.

Lot, price and architectural controls vary by community. Elevation and rendering may not be exactly as shown and may vary by community. Some conditions apply. Price subject to change without notice. E&OE. Offer available for a limited time only and may not be combined with any other promotion or rewards.

THE BERKLEY IS AVAILABLE IN THESE COMMUNITIES: CRANSTON RIVERSTONE

| EVANSTON | HERITAGE HILLS | HILLCREST | NOLAN HILL

Homes that fit… your budget | Find out more at tricohomes.com

16 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

DATE:

F I L E

N A M E S

A R E

F O R

I N T E R N A L

U S E

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*

MORE VOIR

HLAND DRIVE

DERSON ROAD

EEK PARK

TT VI

JAMES McKE

three-year plan and wait a few months in order to track where Cranston Estates you’re getting sunshine to better plan for gardens. do landscaping on a budget?

Showhomes: Corner of Cranston Ave.& Cranarch Rd. ASK AN EXPERT:

by HEATHER RYAN “You should start with loam and sod; it’s very economical A: “Before starting any work in your new yard you need to and youBuilders: can do the yard (front and back)Homes usually first get a grading certificate,” says Ron Heggs, director of Albi Homes | Landmark | for less special projects for Shane Homes. “You normally get this than $1,000,” sheBaywest says. “Once you get the sod down you get Homes certificate from your builder once the grading and loaming rid of the dirt which is important especially if you have kids and4 dogs.” of the property is completed.

WALDEN Next, she suggests adding a couple of trees. “Often the “It’s important that you maintain the grade once you get Showhomes: Walden Rise SE builderDeveloper: or developerGenstar will supply one, but adding a couple the certificate and start your project,” Heggs says. “It doesn’t more will provideShane both Homes shade and privacy.

Then you can take much to go from a foot to only four inches of slope, so Builders: | Cardel Homes | Innovations

by Jayman Excelor Homes you really need to be aware of what you’re doing when look at adding flowers beds| and vegetable gardens. prepping your lawn or putting in shrub beds. You want to “It Developer: doesn’t haveCarma to cost much; you can do your basic make sure what you’re doing doesn’t interfere with how the landscaping for about $2,500 and that would include loam, Mahogany water will drain from your property and that it doesn’t affect sod,5trees, shrubs then a few plants,” Silva says. “The biggest Mahogany SE. it’s no different your neighbour’s property.” thing isShowhomes: to plan and budget forHeath the yard; Developer: Hopewell As well, Heggs says, there is going to be some settlement than doing a fence or deck.”

Jayman MasterBUILT | Sabal Homes of the yard, especially if the home was built in the winter, and ForBuilders: other home related questions, contact Shane|Homes Stepper Custom Homes | Trico Homes there is settlement even after the grading and loaming, so he at info@shanehomes.com. suggests waiting a few months before you start any project.

6 McKenzie Towne Lisa Silva from Blue Grass Nursery and Garden Centre Developer: Carma says before you start any landscaping you should draw up a

24 STREET

Q: We purchased a new home and want to know how to

TRICO'S HOME OF THE MONTH

17 AVEN

2 AVENUE

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68 STR

14 STR

16 AVENUE

16 AVENUE

MEM OR

17 AVENUE

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›› SOUTHEASTCOMMUNITIES IAL

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OF 5 QUIS NOTE: Map is just a graphic representation MARof areas of developments. See ad of a particular project for more details.

SHERIFF KING STREET

JAMES McKE

TT VI

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FOO T TR

1 CRANSTON AVE. SE

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

IL

TOM TR BOT

24 STREET

DEE R

04 WALDEN

05 MAHOGANY

52 STREET

BARLOW TRAIL

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

MacLEOAD TRAIL

ELBOW DRIV E

BLACKF OOT

TR

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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 17

//FUNDAMENTALLY SPEAKING

Alberta recreational property on sale – maybe » 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@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl

Recreational property is usually the first real estate category to be hit when the economy softens, and nowhere is this true more at the moment than in Alberta.

“Mirroring the situation in the urban Alberta real estate market, the slump in oil prices and resulting unsettled consumer confidence has reduced the number of recreational properties trading hands in the province and in eastern British Columbia this spring,” Phil Soper, president and chief executive of Royal LePage, told New Home Guide.

Royal LePage recently released its 2015 Recreational Property Report, which indicated a depressed energy sector is reducing activity levels and putting downward pressure on prices.

“Prices are flat or only down slightly, year over year, as owners have been unwilling to let their properties go at

a discount,” says Soper. “The prevailing sentiment being that the current economic problems are a temporary situation.

“As with other regions of the country, Americans have woken up to the much increased purchasing power of their currency, and are shopping the streets of communities like Canmore in numbers not seen since the 2000s.”

In a roundabout way, the fall in oil prices is supporting the recreational property market this year, Soper says.

“Cheaper gasoline makes the prospect of a weekend commute to the lake a more affordable proposition. And cheap oil means a lower Canadian dollar, which has more people looking at Muskoka, Tremblant and the BC interior, and fewer casting covetous glances at Florida and Arizona. We are even seeing money making its way north, particularly in British Columbia, Alberta and Atlantic Canada, as the strong U.S. currency has increased American buying power.”

LE FOR SA

18

19

//CALGARYISM

10 reasons to love Alberta » 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

From the boreal forests in the north to the grass lands in the south, the park lands in the east to the foothills and mountains in the west, Alberta’s beauty is expansive and radiates like a shining light anywhere you’ll go.

As a born and raised Albertan, I present my 10 reasons to love Alberta.

warm up a cold snowy day by 20 degrees C and melt the winter blues away.

1. ROCKY MOUNTAINS Alberta’s Rocky Mountains offer soaring peaks, lush alpine forests, crystal-blue lakes and majestic wildlife. More than half of our province's population lives within a three hours’ drive, and they can discover protected provincial and national parks such as: » Banff National Park » Jasper National Park » Kananaskis Country » Waterton Lakes National Park

7. LIFESTYLE Thousands of people from around Canada and the world move to Alberta, drawn by the high standard of living. We all share a serene natural environment and have the opportunity to enjoy arts, culture and recreation as much as we please.

2. WORLD CLASS SKI-RESORTS Did you know that there are eight ski resorts in the Alberta Rockies, five of which are considered to be world-class?

With popular resorts such as Lake Louise and Sunshine, many Albertans don’t fear winter; we embrace it.

3. DRY WINTERS Aberta winters are bone-dry, making it much easier to warm up when returning inside from the deep freeze.

4. LOTS OF SUNSHINE Alberta is considered one of the sunniest provinces in Canada year round. Calgary receives 52 per cent sunshine over 333 days, Edmonton 50 per cent over 325 days.

5. CHINOOKS The southern part of the province experiences a weather phenomenon called Chinooks – warm gusts of wind that can 20 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

6. POPULATION DIVERSITY Alberta’s population is incredibly diverse, as people not only from other parts of Canada but around the world make the province home. They bring their culture, food, stories and everything in between, enriching daily life for everyone in the province.

8. LOW TAXES Albertans are subject to only five per cent Goods and Services Tax (GST). Compared to other provinces that pay Harmonized Sales Tax (HST) or Provincial Sales Tax (PST) on top of GST, we are pretty fortunate.

9. STRONG ECONOMY Alberta’s economy is a strong performer: » Between 1994 and 2014, Alberta led Canada in Gross Domestic Product (GDP) growth, creating more than 500,000 jobs » Between 1994 and 2014, Alberta`s manufacturing industry sales grew by 49 percent to $79 billion » Between 2004 and 2014, Alberta`s commodity exports grew by 91 percent to $121 billion » In 2014, Alberta's unemployment rate was 4.7 per cent – the second lowest in Canada 10. ALBERTA HEALTHCARE Albertans can feel secure knowing they can go to a walk-in clinic or emergency reception, and receive medical care for no charge with their health care number.

DO YOU LOVE ALBERTA? As a born and raised Calgarian, I have been fortunate enough to live in Alberta for most of my life. Do you happen to share the love I have for this province? If so, I invite you to let us know why by joining us at Calgaryism on Facebook, Instagram and Twitter today and leaving a photo or comment… hope to see you there!

PANORAMA ROAD

STONEY TRAIL

4 52 STREET

HARVEST HILLS

METIS TRAIL

MONS VALLEY ROAD

›› NORTHEASTCOMMUNITIES COUNTRY HILLS BLVD.

IN

GT

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80 AVENUE

1

UR

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14 STREET

.

64 AVENUE

MCKNIGHT BLVD.

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CALGARY INTERNATIONAL AIRPORT NOSE HILL PARK

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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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 21

1A

COCHRANE

1

22X PRIDDIS

TURNER VALLEY

ideal growing conditions

SHOWHOMES NOW OPEN

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LAIB

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

AIL

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WALMART RANCH MARKET

GEORGE FREEMAN TRAIL

CENT

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

STRATHMORE

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

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STRATHMORE 1

CALGARY

CHESTERMERE 797 LANGDON

22X

22X

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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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 23

Duplex Showhome in Vesta Collection

Gateway Towhomes in Williamstown

›› 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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 25

//SHOWHOME REVIEW

SHANE HOMES’ TOFINO II wows buyers in Hillcrest in Airdrie » by HEATHER RYAN

W

ith a stunning kitchen, fabulous built-in appliances and a gorgeous owner’s suite, it’s no wonder that Shane Homes is wowing buyers with its Tofino II showhome in Hillcrest in Airdrie.

“The Tofino II is one of our top sellers in Hillcrest because it offers so many great standard features and a great design,” says Jeff Brodowski, co-area manager with Karen Kotchar.

“It’s a home that fits on every single lot we have in Hillcrest, which people love, and the interior designers did such a good job we have buyers who want to duplicate everything in the showhome.

“One of the things that appeals to our clients with the Tofino II is that

26 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

we offer several different main floor and second floor layout options to fit the buyers’ needs,” he says. “They also love that the plan can be fully customized so they can get the home they desire.”

Kotchar adds: “Bring us your wish list, photographs of your perfect kitchen and your perfect ensuite and we will make it come to life. We don’t charge to customize or move walls and existing elements within a plan – the only charges required are when we add items. We are fully equipped to meet with clients to review their wish list, redline a set of drawings and send them home with accurate and detailed pricing, typically the same day.”

The 2,370-sq.-ft. Tofino II showhome “draws a lot of positive comments from people,” Kotchar says. “They love the spacious front entry with open railing that goes up to the second floor and down the stairs giving it a grand feel and the open main floor, which is great for entertaining.”

Off the entry is a convenient half-bath and down the hall sliding french doors open to an amazing IT centre with a huge built-in dual work station.

The living room ups the wow factor with an eye-catching wall-centred fireplace topped with a TV niche that is surrounded floor-to-ceiling in a stunning 3D wave tile.

SHANE HOMES | Tofino II in Hillcrest in Airdrie

“People love the Cosmo fireplace – the style is very contemporary with clean lines – and the tile is very artistic,” says Kotchar. “Everyone sees something different in the pattern ... flames, waves, leaves, grass blowing in the wind... it’s very cool.”

Across from the living room the incredible kitchen is highlighted by a large island with breakfast bar seating, granite countertops, drop down stainless steel hood fan over a cook top, ceiling height cabinets, built-in wall oven and microwave and a mosaic tile backsplash.

The bumped-out dining nook offers plenty of room and features an elegant built-in hutch in the niche matching the cabinetry in the kitchen. A door in the kitchen opens to a walk-through pantry that provides substantial storage space and connects to a mud room off the garage with a built-in bench and walk-in closet.

Upstairs, going around either side of a partial wall, you’ll discover a spacious central family room with a fabulous built-in entertainment unit.

The owner’s suite is an inviting retreat with porcelain tile flooring and a lavish ensuite with a corner soaker tub, vanity with dual sinks separated by a make-up counter, large walk-in closet and oversized shower featuring floor-to-ceiling tile with decorative tile inlay.

A good-sized laundry room, a full bathroom and two secondary bedrooms with a handy adjacent IT centre complete the upper floor.

Shane Homes has a few walk-out lots, view lots and greenspace lots remaining that will fit the Tofino II home plan in Hillcrest. To learn more, visit the Tofino II or the 1,923-sq.-ft.

Fiesta II showhomes, at 109 and 113 Hillcrest Dr. S.W. in Airdrie, open Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m.

Call Jeff or Karen at 403.536.2316 or visit shanehomes.com

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 27

NEW SHOWHOMES NOW OPEN 549

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

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

See ad of a particular project for more details.

OKOTOKS AIR RANCH

2A YSTAL SH OR ES RD.

BANN

R.

ISTER CR GATE

ID GE D

NO RT HR

SANDSTONE DR. MOUNTAINVIEW GATE

338 AVE. E.

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549

CRYSTAL RIDGE GOLF CLUB

3 32 ST. E.

2A

WEST

370 AVE. E.

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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2B

N

32 ST. E.

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

AR

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WESTLAND ST.

01 OKOTOKS AIR RANCH & RANCHERS’ RISE

4

SOUTHRIDGE DR.

WESTLAND ST.

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LVD.

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04 WESTMOUNT

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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 29

//FEATURE

Taking time out for beauty and peace CREATING THE PERFECT OUTDOOR BREAKFAST PATIO » by JACKIE SWARTZ

H

ow wonderful to shed layers of clothes and feel fresh and free in the summer outdoors. This is one of my favourite times of year where the streets fill with dog walkers and fair weather sports enthusiasts.

What better way to enjoy the gifts of nature’s cacophony than to design your very own outdoor breakfast patio? This way, you sit at the heart of listening to birdsong mixed with children’s laughter.

Like the etymology of the word breakfast... it’s time to break the fast of

30 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

evening sleep and welcome in the morning sun. Imagine all of this in your very own backyard oasis. I will help you design an inviting breakfast patio where you can sit drinking in the aroma of your fresh brewed coffee while indulging in the fragrant air of lilacs and hyacinths. This is outdoor living at its finest.

First, you must plan the space that affords the most warmth and natural light.

After you peruse the parameters of the house, choose wisely for privacy, rising sun and the necessity of tranquility. Once you have found your fantastic place, you will need a perfect seat. This sets the benchmark rather high, so to speak, but a comfortable chair can make or break a breakfast patio. I find metal chairs to be hard and uncomfortable. Resin furniture is also nice looking, reasonably priced and can be kept outside in all the elements. I personally like teak furniture. It looks warm and friendly, but teak also can be hard to sit on. I suggest adding memory foam cushions to the teak chairs.

I will help you design an inviting breakfast patio where you can sit drinking in the aroma of your fresh brewed coffee Cushions are essential if you want to sit outside longer than a half hour. If you have outdoor cushions, you are committed to moving them every time it threatens heavy rain. Deck boxes are a fantastic way to store your cushions and you can buy them as small or large as you need them to be. Many places sell waterproof fabric cushions. I like using colourful cushions because it looks so cheerful like large open blossoms on outdoor furniture.

A well-built table is a must have. Even in limited space, a small table is needed to set your coffee, phone, iPad and newspaper on. If your area has uneven ground, you can use small wood shims to level your table. For larger seating areas, you can get tables in any shape or size. I like to accent my table by placing a pot of herbs in the middle so I can smell the fresh scents. If you prefer to upcycle, then consider buying a used table from the local thrift store where you will find all kinds of treasures to alter.

Shade is important to consider, especially if your breakfast patio receives sun until early afternoon. Umbrellas are ideal and will protect you from all weather elements. Umbrellas come in all shapes, sizes and colours. You can even match them to your cushions. If you want something more permanent, pergolas are like lawn sculptures that add beauty and protection. I suggest building one out of cedar or treated wood. Pergolas can be free-standing or be built attached to your house.

Privacy is very important if you want tranquility when reading the morning news. There are myriad ways to help you create privacy around your breakfast patio.

One way that works is simply planting shrubs to grow around your chosen area.

Another idea to consider is building a cedar privacy screen or perhaps constructing a small four-ft.-tall cedar fence. Tall perennial flowers can be used, but they will take a while to mature to the right size every year. Upright Junipers can be planted around your breakfast patio. Also, you can buy inexpensive upright cedars and plant

them into pots. Then you can place the potted cedars around your area at whim. Another suggestion is to add a decorative stone wall to surround your breakfast patio. This will create a lovely environment that is inviting to everyone.

Ambiance is a necessary component for creating a relaxing atmosphere. I call ambiance the final spice that adds that special flare. You can achieve this by adding colour, light, sound and texture. Colour can be achieved by simply using coloured cushions. It can also be achieved with shrubs and flowers. If you are displaying potted plants, you can paint your pots any colour in the rainbow and even be brave to do some multi-coloured ones. If you want to enjoy yourself on the patio at night, you might add some glow in the dark paint on them as well. Or add solar lights between the pots.

I like using my breakfast patio in the evening as well, however, it can get too dark to read. Low voltage lighting, string lighting and candles may also be added to your outdoor sanctuary. There is a wide variety of string lighting, including novelty lights, to match your personality. Also, candle lanterns add a lovely touch. Sound is important, especially if you have traffic pollution nearby. Purchasing a small fountain can easily drown the irritating noise of vehicles. Texture can be accomplished by the use of plants, furniture materials and patio materials. Think of your patio as a work of art, because when completed, it will be just that.

Your breakfast patio is a total sensory experience where anyone in the family can take a self-proclaimed “time out� to do some relaxing and gain some quietude. Beauty and peace are found in your own backyard. After completing your breakfast patio, you simply sit and enjoy the view with your brew!

Breathing in the clarity of the clear blue sky and knowing that there is no nook like your nook.

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 31

//THE HOMEBUYING PROCESS

Association announces new president, honours volunteers » by DONNA MOORE

DONNA MOORE

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

Members of the Canadian Home Builders’ Association Calgary Region, who dedicate countless hours to the association, were recently honoured for their contributions.

As part of the CHBA - Calgary Region’s annual general meeting, the association also announced this year’s incoming president, while presenting its presidential awards and recognizing its volunteers. Awards were presented to volunteers who have served from one year to 30-plus years on the numerous committees, sub-committees and the board of directors.

Volunteers are the backbone of any organization, and without the help of dedicated volunteer members, the CHBA couldn’t do the valuable work that it does every day.

Volunteers provide not only their leadership skills, but also their business savvy, industry experience, knowledge and creative talents. CHBA members play an integral part in helping the association realize its goals.

CHBA - Calgary Region volunteers represent all sectors of the home building industry, from developers and home builders to suppliers, trades and associated professionals.

Among the longest-serving volunteers recognized were: Mike Borkristl, Tricor Designs Group, 37 years; R.J. (Bob) Nobes, ReMax House of Real Estate, 33 years; Lyle Faas, Shane Homes, 32 years; David Mow, Jayman BUILT, 27 years; Pat Mandryk, Dannburg Floor Coverings, 26 years; Stanley Lee, Mapeland Homes Ltd., and Wilf Richter, Richter Real Estate Services Inc., 25 years; and David Litwiller, Litwiller Renovations and Custom Homes, 20 years.

The outgoing president of the CHBA - Calgary Region, Wayne Copeland, Double R Building Products, was honoured during the event and the association announced the incoming president as Wendy Jabusch, Brookfield Residential.

Copeland also presented the following President’s Awards to members who had helped him over the past year: » Bill Beattie Memorial Award: Jay Westman. The Bill Beattie Memorial Award is awarded to the member companies or individuals who have contributed to the overall good of our industry through their contribution to the community at large. » Rookie of the Year Award: Doug Beach. This award recognizes a member who has made an outstanding contribution in his or her first year as a director of the CHBA - Calgary Region.

32 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

» Rooftopper of the Year: Ann Donald.

This award recognizes the member who has recruited the most new members during the 2014-15 fiscal year. » Maple Leaf Award: Roger Duurtsema.

This prestigious award is presented annually by the CHBA – Calgary Region to a non-builder member in recognition of their dedication and outstanding service to the association. » Beaver Award: Wendy Jabusch. This prestigious award is presented annually by the CHBA - Calgary Region to a builder member in recognition of his or her dedication and service to the association. » Bob Ward Memorial Award: Warren Martz and Morley Woloschuk. In recognition of Bob Ward, one of CHBA’s long-serving and most dedicated volunteers, this award is presented each year to a CHBA – Calgary Region volunteer who has provided services to the association of more than 20 years. » President’s Award: Doug Whitney.

This award is the President’s choice of a member who has made the most outstanding contribution of achievement in the best interest of the CHBA Calgary Region and its members. » Outgoing Director Awards: Jim Stinson, Roger Duurtsema, Marion Murray, Laura Parsons, Wilf Richter, Shane Wenzel, Doug Whitney and Blaine Wickerson. These are directors who have completed their term serving on the CHBA - Calgary Region board of directors. » Distinguished Service Award: Rick Young. This award recognizes exceptional dedication and human resource service to the association during the past year.

BAN

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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.

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

See ad of a particular project for more details.

MACLEOAD TRAIL

GLENMORE RESERVOIR

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JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 33

//INSIGHT

LANDSCAPE

season and your options Âť by BRAD JACKMAN

O

ne should never underestimate the many benefits of creating a vibrant and functional outdoor living space customized for your home. Professionally landscaping your property provides a sanctuary for your family, friends and pets. Landscaping improves your quality of life, increases the value of your home and adds personal flare to your home’s exterior. Your landscape options include patios, walkways, garden beds, trees, shrubs, lighting, fences, decks, irrigation, drainage solutions, boulders, retaining walls, water features,

custom woodwork and barbecue pits. Clearly there are many aspects to landscape construction and it pays to explore all your options carefully. More importantly hire a company with a strong portfolio.

With a variety of high quality products and many different design concepts your landscape design can be customized to compliment any size and shape of property. Natural Stone is the highest quality material to use for landscaping. Serenity, timelessness, balance, beauty and function are all traits of

Landscape 360. Professional Landscape Construction 34 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

natural stone. Natural stone can be used in almost all facets of landscape construction. Paving stones are also an option that can be creatively incorporated into your space. Paving stones are more cost effective than natural stone and come in a wide variety of colors, textures, and sizes.

Concrete is a product which is extremely functional, low maintenance and is very cost effective. Concrete can be done with a brushed, exposed or stamped finish and be used for walls, patios, stairs and walkways.

Landscape lighting is a phenomenal way to enhance your outdoor space and bring your yard and nature to life. Lighting provides your space with energy, safety, balance and interest. The ambient glow of landscape lighting sets the mood for your yard.

Custom irrigation systems are an excellent way to conserve water and reduce your yard maintenance. This will allow home owners to maximize the amount of water their landscape requires. An irrigation system is a far more effective way to provide your yard the water it craves, as opposed to running the sprinkler for a few hours. Homeowners have

403.452.0360 | landscape360.ca |

endless options when it comes to custom woodwork. Decks, pergolas, privacy walls, arbors and many other options are possible with wood.

The key to enjoyment and the longevity of your yard is quality craftsmanship. Landscaping is a process that’s built in layers. Many of the steps are tedious, lengthy and labor intense.

Progress can seem slow due to the preparative work required, with most typical contracts springing to life in the final few days of construction. Having professionals with the proper knowledge base who use high quality materials is a must. 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 hardworking staff.

We have a combined 23 years of experience within the landscape industry. If it is a fully conceptual design you require or a smaller project, we will be happy to help.

like us on facebook JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 35

north

5 Sherwood Showhomes: 1228 Sherwood Blvd.

Developer: Genesis Development Corp Builders: Majestic Homes

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

8 Kincora

Showhomes: 115 Kinkora Glen Rd. NW

Developer: Genesis Land Development Apex Developments Builders: Evolution Homes | Majestic H Excel Homes | Centrex Home

Homes From The

390’s

$

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DT RA IL

HN

LA UR

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DD

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NOSE HILL PARK

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

18

BOW TRAIL

02 ROYAL OAK Builders: Birchwood Properties

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

GT ON

16 AVENUE

ROAD

85 STREET

COACH

DEVELOPER: Melcor BUILDERS: Landmark Homes, Albi Homes

IN

64 AV

BL VD .

AVE NU E

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

Homes | Albi Homes

BE

CENTRE STREET

JO

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

y Estates Rise NW

1

TR

SA RC EE

SH AG ANNAPI

TR AIL

DR IV E

N OS EH

I LL

RAIL YT S TONE Y TRAI L

STO NE

CR OW

O

HILLS BLVD.

01 PANORAMA HILLSproject for more details.

04 SAGE HILL See ad of a particular

de Estates

NEY TRAIL TO

RV HA

D

3

EST HILLS

TRAIL EE SAR C

PANORAMA ROAD

ROCKY RIDGE ROAD 12 COULEE MILE ROAD

A

RO

BEARSPAW ROAD

EY

BANFF

AIL

od Crescent NW

SYMONS VALL

ROCKY B

16

OL D

Cidex es/Intergulf Cidex

DEVELOPER: Genstar BUILDERS: Cardel Homes, Acuri Homes

L

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

See ad of a particular project for more details.

s

9

17

2

11

Development Corp. omes

14 10

AIL TR

6

15

13

19

128 AVE.

COUNTRY HILL S BLVD. LV R ID GE D

herwood Blvd.

kora Glen Rd. NW

12

4

5

PI AP

1A

09 EVANSVIEW

144 AVE. NW

AN AG SH

HW Y

WOODLAND ROAD

›› 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

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 37

//IN THE NEWS

Will the housing outlook improve as quickly as it fell? » by WAYNE KARL What a difference six or eight months make. At its kick-off Annual Housing Outlook Conference in Toronto in November, Canada Mortgage and Housing Corp. didn’t see it coming.

The forecast back then was, short of an “unforeseen economic shock,” the housing outlook for Canada overall was pretty much full steam ahead.

“The housing market does have a fairly bright outlook,” Bob Dugan, chief economist for Canada Mortgage and Housing Corp., told New Home Guide at the time. “There are a few risks we have our eye on. One of them relates to the high level of (highrise) units that are under construction.” These are trending slightly above the historic average.

Then oil went into a slide, wreaking all kinds of havoc on the economy and housing outlook.

Indeed, the impact of lower oil prices on housing markets has been marked and swift, particularly in Alberta.

“Lower oil prices are contributing to disparities between provincial housing markets,” Dugan said recently in releasing CMHC’s second quarter 2015 Housing Market Outlook. “A slowdown in housing starts and resale transactions in oil-producing provinces such as Alberta will be partly offset by increased housing market activity in other provinces, such as Ontario and British Columbia, which benefit from the positive impacts of declining energy prices, a lower Canadian dollar and continued low mortgage rates.”

38 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

Once oil prices return to “normal,” will the housing outlook improve as quickly as it fell?

“The forecast presented at the 2014 Housing Outlook Conference was prepared shortly after the decline in oil prices had begun,” Dugan told New Home Guide last month. “At that time, the decline in oil prices was less pronounced and there was considerable uncertainty as to how far they might fall.

As a result, the potential impacts of lower oil prices were reflected in our forecast ranges, which allowed for lower oil prices and their impacts on housing starts, MLS sales and MLS average house prices.

“Since then, oil prices have declined further, but now appear to have stabilized in the U.S.$50 to $60 per barrel range. We have seen a rapid response to these lower oil prices in the housing markets in oil producing regions, particularly in Alberta. As a result, we have made downward revisions to our forecasts and now expect declines in MLS Sales, housing starts and MLS average house prices in Alberta.

“The swiftness of any recovery will depend on how fast oil prices rise and by how much. We continue to use forecast ranges which allow for a range of possible upside and downside risks to the forecast.”

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to

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//HOMEBUYING EXPERIENCE

WHAT WE LEARNED from buying a new home » by WAYNE KARL • Photos by JUSTIN WILSON PHOTOGRAPHY

E

ven experts can learn a thing or two. Such was the case recently when our very own Melanie Gowans, senior media advisor for New Home Guide Calgary and YPNextHome, went through the process of buying a new home for her family. Melanie is immersed in real estate on a daily basis, but even someone of her expertise found the experience a bit of an eye-opener.

YPNEXTHOME: What prompted you to buy a new home?

GOWANS: We weren’t thinking of moving or buying a new home, but when I contacted the showhome for some generic pricing on a floorplan I absolutely fell in love with, we 40 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

couldn’t help it. Many things had to align to make this happen. Our existing house was nice, but we could use the extra room, with two kids and a revolving door of out of town guests.

The price was in our budget and the lot was perfect, so we took the plunge.

YPNEXTHOME: How did you manage the financing?

GOWANS: Every builder has different down payment requirements and options. Luckily, our builder fit our financial situation. We wanted to pay the down payment out of pocket and not have to use the proceeds from the current house. They allowed us to pay five per cent over four months with post-dated cheques.

YPNEXTHOME: What upgrades and features did you select?

GOWANS: I wanted to be smart with the amount we spent on upgrades; some people estimate you should budget 10 to 15 per cent of the purchase price. We spent four per cent, and I’m proud of that. Most builders offer similar included upgrades, such as a good selection of granite and quartz, flooring and tile.

They also provide a lighting and appliance allowance, which you will definitely exceed. Certain upgrades are important, and others aren’t necessary or you can upgrade later on your own.

We spent the bulk of our upgrade budget on electrical, railings, cabinets, extra shelving and appliances. Lighting and window treatments can be added

transition went so smoothly. The lesson here – choose your realtor carefully.

YPNEXTHOME: How “ready” was your new home and the surrounding development when you moved in?

GOWANS: Our lot was the last in the cove, so we have been living with minimal disruption from trade workers and heavy construction. The neighbourhood is still being developed, but this won’t be the case for long. Some builders are building a block at a time to ease that concern from prospective buyers – everyone on the block moves in at the same time. Another option is to purchase a quick possession home, if available. You won’t have the same freedom to choose the finishings, as such homes are already built, but you won’t have to live in a construction zone.

later, so we ordered within a few hundred dollars of our lighting allowance and purchased upgraded window treatments only on the main windows.

YPNEXTHOME: How was the builder in terms of meeting timelines?

GOWANS: You will almost always have delays when buying a new home. At the time our home was scheduled to start framing, there was a framer shortage in the city. Our sales consultant was very good at communicating with us about delays and sent us status updates. We

were lucky to have no weather delays, as that is the main cause in most cases.

YPNEXTHOME: And how did the timing work out, with selling your existing home?

GOWANS: Although I was a bit stressed during the sale of our home, it all worked out perfectly. We listed our home two months before our projected possession date. Our realtor was amazing and we sold within 30 days. We moved directly into our new home with one day to spare. Our realtor was the reason this

YPNEXTHOME: Landscaping your lot is an important step as well. What did you do in this area?

GOWANS: We purchased a large pie lot so our children have no excuse but to play outside instead of being in front of a screen. We are waiting for our garage pad to be poured and then they will perform a final grading. We plan to build the fence and composite deck this year, and add sod and stone patio next year. We put about five per cent of the purchase price away in savings for the yard, however, you could probably allocate as little as two or three per cent. Most builders provide a landscaping certificate to use a garden centre of their choice, but it usually covers only some sod and a tree.

I wouldn’t recommend new-home buyers leave your yard unfinished for more than a year, and be sure you don’t forget about this added expense.

Most important piece of advice?

Remain laid back. More than 240 people are involved in the building process, and anyone can make a mistake.

In the end, you have a beautiful, brand new home that is a reflection of you and your family.

JUL 17 - AUG 14, 2015 | NEW HOME GUIDE 41

//IN THE NEWS

Canadians expect to pay $60K in mortgage interest It’s a scary question many homeowners are afraid to answer: how much will your mortgage interest total over the lifetime of your mortgage?

Well, wonder no more – a recent poll from BMO Bank of Montreal has the answer: $60,000.

But that’s the average for Canada overall. Some will pay more, some less. › While the average amount Canadians expect to pay in mortgage interest is $57,938, the figure rises to its highest in Canada for residents in BC at $95,891.

Homeowners in Atlantic Canada expect to pay the least, at $35,454 › Canadians expect an increase in interest rates over the next five years (60 per cent), with 48 per cent expecting a small increase and 12 per cent a large increase › Most Canadian mortgage holders (67 per cent) currently hold a fixed rate mortgage, sheltering them against any potential upswings “It’s quite telling of the extended low-rate environment that a sizeable percentage of respondents do not expect interest rates to go up in the next five years,” says Sal Guatieri, senior economist, BMO Capital Markets. “Hopefully, many have not been lulled into thinking that rates will never go up, as they could be tempted into taking on too much debt.”

It’s not surprising that British Columbians are paying the most mortgage interest, as house prices in that province are the highest in the country, he says. The average was $623,000 in April, compared with $437,000 nationwide and $456,000 in Ontario.

“In any interest rate environment, it’s important that Canadians stress-test their mortgage against a higher rate to ensure they can afford it over the long term,” says Martin Nel, vice-president of personal lending and investment products, BMO Bank of Montreal.

42 NEW HOME GUIDE | JUL 17 - AUG 14, 2015

AVERAGE AGE OF MORTGAGE FREEDOM INCHES HIGHER

On average, Canadians expect to become mortgage-free by the age of 59 – up from 58 in the last two years. One-third (31 per cent) expect still to be making mortgage payments on their 65th birthday. “Considering a shorter amortization of 25 years or less can help Canadians save thousands of dollars in interest rate costs over the life of the mortgage; this improves long-term affordability, while ensuring Canadians pay down their mortgage faster and begin building equity in their home sooner,” says Nel. TIPS TO BECOME MORTGAGE-FREE FASTER

Think carefully about fixed versus variable: While variable rate mortgages have been a winning strategy over the long term, fixed rate mortgages (currently near historic lows) come with the peace of mind of being insulated against rate increases.

Stress-test your mortgage: Gauging the stability of your mortgage by stress testing it against a higher interest rate can help establish a plan to ensure long term affordability.

Understand every step of the homebuying journey: The BMO Home Buyers Guide provides advice and information designed to guide buyers through the process of financing, choosing and purchasing a new home.

TOTAL INTEREST EXPECTED TO BE PAID BY REGION ATLANTIC

QUEBEC

ONTARIO

PRAIRIES

ALBERTA

BC

$35,454

$41,915

$49,991

$68,238

$85,404

$95,891

AVERAGE AGE EXPECTED TO BE ‘MORTGAGE FREE’ BY REGION ATLANTIC

QUEBEC

ONTARIO

PRAIRIES

ALBERTA

BC

58

61

57

57

58

61

Source: BMO Mortgage Poll

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//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 | JUL 17 - AUG 14, 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

JUL 17 - AUG 14, 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 | JUL 17 - AUG 14, 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

JUL 17 - AUG 14, 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 | JUL 17 - AUG 14, 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.

JUL 17 - AUG 14, 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

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