Calgary New Home Guide - Aug 12, 2016

AUG 12 - SEPT 9, 2016 VOLUME 19, ISSUE 9, FREE

CALGARY EDITION

THE NEW FACE

OF CALGARY’S NORTHEAST

INSIDE THIS ISSUE

THE 5 BIGGEST MISTAKES NEW-HOME BUYERS MAKE

BEAUTIFY YOUR HOME WITH LANDSCAPE LIGHTING

5 WAYS TO BOOST YOUR DOWN PAYMENT

start your search here.

Whether you’re renting or buying, finding your next home has never been so easy.

contents AUG 12 - SEPT. 9, 2016 | VOLUME 19 ISSUE 9

10

ON THE COVER

Walton Development + online NEIGHBOURHOOD

HOME SEARCH

Building on its northeast success with Cornerstone

property proďŹ les MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

28 Shane Homes

Galea impressing buyers with open design

32

Brookfield Residential

Tranquil setting, desirable amenities at Riverstone

WITH

DYNAMIC MAPS

LOOK FOR THE CIRCLE

47

trending

45 Education

23 of top 25 improving high schools are public schools

Home Sales

Canadian home sales set record in April

advice

14

Insight

Beautify your new home with landscape lighting

by Brad Jackman

24 Calgaryism

The 5 biggest mistakes new-home buyers make

by Cody Battershill

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Moe Lalani ALBERTA SALES MANAGER

Shelley Balla EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung

CONTRIBUTING EDITORS

Sara Duck (on leave) Elisa Krovblit Lydia McNutt (on leave)

SENIOR MEDIA CONSULTANT

Melanie Gowans 403.200.8462

28

Follow me on twitter @melgowans Like us on Facebook ypnexthome

PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNER

Mike Terentiev PRODUCTION MANAGER

Helen Pearce

FOR ADVERTISING INQUIRIES PLEASE CONTACT:

403.200.8462

14 40 The Homebuying Process

Industry, consumers benefit from association merger

by Donna Moore

42 Mortgage Advice

5 ways to boost your down payment for your home

by Alyssa Furtado

36

FOR NATIONAL ADVERTISING INQUIRIES CALL:

416.263.6783

Published by

district maps

09 Northeast 13

Cochrane

17

Airdrie

21

Okotoks

27

Southeast

in every issue

35 Northwest

6

Editor’s Note

41

36

Neighbourhood Profile

43 Calgary

38

What’s Online

Southwest North Region

44 Calgary

South Region

46 Calgary

East Region

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 2016 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. EDITORIAL Submissions from interested parties

will be considered. Please submit to the editor at Susan.Legge@ypnexthome.ca

Editors' Notes

MARDA LOOP

SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge

MORE PHOTOS ONLINE ypnexthome.ca/nolan-hill

Getting good advice When you tell people you’re shopping for a place to buy, you’ll find almost everyone will want to share their own experience. Some will offer personal advice while others will frighten you with details about a “friend’s” disastrous experience. With so many variables, it can be hard to figure out what’s actually good advice.

It’s always best to get advice from the experts, especially when it comes to buying a home. No matter what your Uncle Joe says, when you’re

equipped with the right expert advice for your situation, you can move forward by making confident decisions that are right for you and your family.

Much of what you’ll want to know about the road to finding the perfect place is right here in this magazine. If you don’t find what you’re looking for, write to us and we’ll help get you an answer from one of our experts.

Let us know how your search goes.

We’d love to hear from you.

Land-use rules adding costs

Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

The issue might be more pressing in Toronto and Vancouver, where housing affordabilty is more seriously challenged, but municipal land-use regulations are also having an impact here in Calgary.

This, according to a new study from the independent think-tank the Fraser Institute. The Impact of Land-Use Regulation on Housing Supply in Canada cited Calgary, Toronto and Vancouver as the markets having the most negative impacts.

The first of its kind in Canada, the study analyses the impact

+ get social

Interact with us on social media: ypnexthome

WAYNE KARL Senior Editor

6 YPNEXTHOME.CA

of construction approval times, timeline uncertainty, regulatory costs and fees, rezoning and the effect council and community groups have on development – on the growth of housing supply.

Essentially, the longer the approval process, the more the growth of new housing is reduced, and the more expensive it becomes.

Calgary and other parts of Alberta may not be in a construction boom at the moment, due to larger economic issues, but once normalcy returns, a quicker, more agile process would be welcomed.

The Pinnacle of

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ON | CALG ARY EDITI SUMM ER 2016

ESH STYLE FRWITH

Samantha

PYNN

TO BOOK YOUR ADVERTISING SPACE CONTACT: WICKER & WOVEN LLCL_May_2016.indd

NERS ARE SAM AWARD WIN BEST THE BEST OF THE

Melanie Gowans 403.200.8462 melanie.gowans@ypnexthome.ca

DEVELOP SOME CURB APPEAL 5/12/16 2:30 PM

1

Brought to you by the publishers of

PANORAMA ROAD

STONEY TRAIL

4 52 STREET

HARVEST HILLS

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

01 SADDLESTONE

05 CITYSCAPE

DEVELOPER: Genesis Land Development Corp.

BUILDERS: Genesis Builders Group www.saddlestonecalgary.com

02 SADDLEBROOK

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

06 SAVANNA IN SADDLE RIDGE

DEVELOPER: Genstar Development Co. BUILDERS: Cardel Homes, Homes by Avi, Excel Homes, Arcuri Homes

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

03 CORNERSTONE

DEVELOPER: Walton Development Coming soon www.liveatcornerstone.ca

04 REDSTONE

DEVELOPER: Qualico Communities BUILDERS: Broadview Homes, NuVista Homes, Pacesetter MATCALGARY_Banner – New Home Guide Homes, Innovations by Jayman, Trico Homes, Creations by MATCALGARY_AllSites FC Name: Shane Homes, File Shane Homes (Shane showhome toBCbeBanner_NHG_Mag built in spring) Trim: 6.75” x 1.5” Safety/V.O.: .25” Bleed: NA

mattamyhomes.com

Colours: CMYK

Due: 4/08/2015 Publication: New Home Guide DPI: 300 Built: 4/08/2015 - SS

FIND NEW FRONT-DRIVE DESIGNS AT CITYSCAPE & SOUTHWINDS (SEE BACK COVER)

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 9

Property Profile | WALTON DEVELOPMENT AND MANAGEMENT L.P.

cover story

Walton builds on its northeast success with

LAUNCH OF CORNERSTONE BUILDING ON the overwhelming

success of SkyView Ranch, Walton Development and Management is adding another chapter in the story that is changing the face of Calgary’s northeast with the launch of its newest community of Cornerstone.

“We’re really excited to continue in the New North with Cornerstone, one of the largest communities in northeast Calgary at over 1,000 acres,” says Kendra Milne, vicepresident of marketing. “Cornerstone will be located immediately east of our SkyView Ranch and we’re looking forward to building on its success.

“Five distinct neighbourhoods will come together in Cornerstone (Gate, Park, Point, Ridge and View), and there will be five major access points into the community,” Milne says, noting that the community is bordered by Stony Trail to the north and east, 96 Avenue to the south, 60 Street to the west and Country Hills Boulevard will be integrated into the design.

10 YPNEXTHOME.CA

“Cornerstone will also have Calgary’s first major activity centre (MAC), which combines commercial, residential, retail and transit access in one centre,” she says. “It will create over 3,000 jobs and be adjacent to the next planned stop on the northeast LRT line. It will really be a major hub for a lot of activity in the northeast.”

The community, which is expected to be built over the next 15 to 20 years and be home to more than 30,000 residents, will also offer 180 acres of preserved natural wetlands, 14 km of regional pathways and Calgary’s first regional park in the northeast quadrant.

Walton plans to host a community grand opening on Oct. 15, but has already launched presales in the

“We’re really excited to continue in the New North with Cornerstone, one of the largest communities in northeast Calgary at over 1,000 acres.”

Location

Cornerstone, N.E., Calgary (128th Avenue & 60th Street N.E.) Builder

Walton Development and Management L.P. Development

Cornerstone Home Type

Front drive garage, duplex, street-oriented townhomes, zero lot line and courtyard Sales Centre

28 showhomes in the various product types (Opening October 15, 2016) Contact

liveatcornerstone.ca

first phase in Cornerstone’s first neighbourhood – Gate – which will be at the heart of the community.

Cornerstone’s Gate has 500-plus lots available in the first phase and offers new-home buyers a great selection of single-family housing styles – front drive garage, duplex, street oriented townhomes, zero lot line homes with front or rear garage, and a unique, new home style in its courtyard-style homes.

“We’re thrilled about being able showcase these courtyard homes, which will be crafted by Jayman (BUILT),” Milne says. “It will be a very different style… a rear drive home with interior courtyard space, so buyers will have a lot of choice in the first phase. Eventually, Cornerstone’s Gate will offer a selection multi-family housing types and will be home to the MAC.”

Along with Jayman, builders in this first phase include Morrison Homes, Pacesetter Homes, Shane Homes and Truman Homes. The builders will also have showhomes available in the various product lines and the grand opening of all 28 showhomes will coincide with the community’s grand opening on Oct. 15.

The architectural styling for Cornerstone is a modern take on the Prairie style with Cornerstone’s Gate also taking elements from the popular Modern style, which combined with a nice selection of colours will present an exciting streetscape. As the community progresses into the other four neighbourhoods, Milne says, each will feature the Prairie style, but also include modern elements from other styles such as Tudor and Craftsman.

“The scope of the northeast has been changing in recent years making it a really desirable place to live,” she says.

“People are choosing the northeast because it has so much to offer.”

Cornerstone residents will be able to enjoy nearby schools, the LRT and shops, services, restaurants and more at CrossIron Mills mall, and have easy access to major routes such as Stony and Metis Trails. As well, the ever-growing industrial, commercial and retail opportunities around the airport for both employment and shopping are minutes away, with Peter Lougheed hospital and more amenities at Sunridge, Deerfoot City and in Country Hills within easy reach.

To learn more about Cornerstone, visit the newly launched website, liveatcornerstone.ca AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 11

Highw Horse Creek Road

ay 1A

Hig hw ay 22

or $1,217/month*

›› COCHRANECOMMUNITIES RA

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

AN

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04 RIVERSONG

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NG

DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi www.liveinsunsetridge.ca

NC

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03 SUNSET RIDGE

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

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02 JUMPING POUND RIDGE

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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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22

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9

05 MONTERRA ON COCHRANE LAKE DEVELOPER: Medallion Development Corp.

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

09 THE WILLOWS OF RIVER HEIGHTS

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

06 WESTPOINTE ESTATES

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

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 13

RANGE RD 40

HORSE CREEK RD.

NG

1A

1A

Insight

Landscape lighting

By Brad Jackman LANDSCAPE LIGHTING is a phenomenal way to enhance your outdoor space and bring your yard and nature to life.

Lighting provides your space with beauty, safety, balance and serenity. The ambient glow of landscape lighting sets the mood for your yard. You can create a tranquil private oasis or light up that outdoor room for entertaining.

Landscape Lighting is very unobtrusive and when installed professionally and will not create an unwanted glow.

When designing an outdoor lighting system, specific measures are taken to insure that your home will not feel like a light bulb everyone is staring at. Featured plant life, patios, garden beds, retaining walls, boulders, water 14 YPNEXTHOME.CA

features, architectural aspects of your home, pathways and decks can all be incorporated into your lighting design.

Lighting designs can be customized to complement any landscape. The window of enjoyment for most yards in our climate is small; lighting brings life to your yard in all seasons and provides a calming atmosphere to your landscape which is utilized and enjoyed all year.

Landscape lighting is installed as a 12 volt system.

The installation of the wire for this low voltage system is relatively easy. The wire does not need to be buried two ft. as most outdoor electrical. In sections were the wire is running under turf, it needs to be deep enough to not

interfere with an aerator. When the wire is in all other areas, it should not be visible. All wiring is safe for pets and children and if tampered with will not be harmful.

Each fixture runs off a main transformer, this supplies the powers source for each light. These transformers can be plugged into an outdoor socket or have their own power ran from inside. Transformers can be equipped with timers and photocells to allow for an automatic lighting schedule.

Once the installation of your system is complete, there is very little maintenance to keep it operating.

LED technology has brought many improvements to the lighting industry. It allows your system to run off extremely low power, and LED bulbs don’t need to be replaced for about 10 years. Your options for lighting include accent, pathway and spread, deck and patio, water and many specialty fixtures. It is exciting to explore the options for outdoor lighting. There are many ideas, styles and products and it pays to explore all your options carefully.

When deciding which landscape company to hire, it’s beneficial to do your research. Ask to see their portfolio, view their website and look into some of the products yourself. Most importantly, ask lots of questions.

Landscape construction can be done very differently.

Hire a company which uses quality equipment, utilizes the best products available and installs everything professionally. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect. A locally owned and operated Calgary based company, Landscape 360 specializes in residential, estate and acreage landscape construction.

Landscape 360 Professional Landscape Construction 403.452.0360, landscape360.ca Like us on facebook AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 15

D

m ro* or y f l g tin 900 eek r a , St 259* bi-w $ 0/ 2 $5

%

75

L SO

Gateway townhomes in Williamstown

Spacious interior of Gateway townhome

An award-winning community featuring 8 distinct housing styles, 60 acres of protected green space, striking Craftsman streetscapes, and brand new Herons Crossing Elementary School. Limited selection of well-appointed 2 & 3 bedroom townhomes with room to grow.

3-STOREY TOWNHOMES WITH DOUBLE ATTACHED GARAGE BUY TODAY & MOVE IN TOMORROW!

VestaWilliamstown.com | 403.980.3345 Sales Centre: #204 - 280 Williamstown Close, Airdrie

D

m ro* or y f ng 00 ekl i t ar ,9 e St 389* bi-w $ 0/ 8 $7

%

70

L SO

Duplexes in Vesta Collection

Affordable luxury duplex home

Vesta Collection is a celebrated addition of Estate Laned Homes, Single Family Laned Homes and Duplexes to prestigious Cooper’s Crossing. With unmatched curb appeal, Vesta Collection provides a perfect opportunity for all buyers to live in Airdrie’s most desirable community without compromising space or quality.

3 BEDROOM + DEN AND 3 BATHROOM DUPLEX HOME SURROUNDED BY THE CONVENIENCES OF AIRDRIE

VestaCollection.com | Kathy at 403.923.5108 Available by Appointment Only

* Based on 5% down payment, 25 year amortization, variable rate mortgage, 5 years term OAC. Rates and availability are subject to change without notice. This is not an offering for sale. Any such offering can only be made by disclosure statement. E & O.E.

›› AIRDRIECOMMUNITIES 3 VETERANS BLVD

05 RAVENSWOOD

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

7

VETERANS BLVD

06 COOPER’S CROSSING

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

1ST AVE

07 WILLIAMSTOWN 10

DEVELOPER: Vesta Properties BUILDERS: Vesta Properties

EAST LAKE

1 12

08 HILLCREST

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

NOSE CREEK

09 SOUTHWINDS

11

Developer: Mattamy Homes Builders: Mattamy Homes

YANKEE VALLEY BLVD

YANKEE VALLEY BLVD

5 2 NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

9

01 BAYSIDE ESTATES

6 4

8 13

DEVELOPER: Genesis Land Development Corp.

BUILDER: McKee Homes, ReidBuilt Homes www.genesisland.com

02 WINDSONG

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 Builders

11 PIER 11

Developer: Genesis Land Development Corp.

Builders: Genesis Builder Group pier11airdrie.com

12 MIDTOWN 03 REUNION

DEVELOPER: Hopewell Residential BUILDERS: Sabal Homes, McKee Homes

04 KING’S HEIGHTS

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

Developer: Wenzel Developments & Apex Developments Builders: Creations by Shane Homes, Shane Homes, Nuovo by Shane Homes, Excel Homes, Trico Homes www.midtowninairdrie.com

13 THE GATES AT HILLCREST

Developer: Mattamy Homes Builders: Mattamy Homes Coming Soon

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 17

549

›› 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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02 CIMARRON

DEVELOPER: Tristar Communities BUILDERS: Trico Homes, Coco Homes, Timbercreek Homes, WestView Builders, Kunz Homes

03 DRAKE LANDING

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32 ST. E.

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

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WESTLAND ST.

01 OKOTOKS AIR RANCH & RANCHERS’ RISE

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04 WESTMOUNT

DEVELOPER: Prominence Development Corp.

BUILDERS: Cornerstone Homes, Gramercy Homes, Carpenter Homes

08 MOUNTAINVIEW AT

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

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

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 21

Non-Apartment New Housing Supply Could Balance Amongst Lower Constructing Inventories & Lot Supply Forward: Intelligence House conducts quarterly performance surveys of all new real estate developments across Edmonton and Calgary to track emerging trends in new sales and development inventory levels across various product types. For the reader’s interest, the table presented shows some key inventory level comparisons that we track quarterly for the city of Edmonton.

Recent headlines devoted to trends in Alberta’s new residential market have all but assured that this year will represent a down year for the industry. As such, Intelligence House expected to find a lower level of new inventory under construction across the city of Edmonton in Q2 2016 when compared to Q1, and this was in fact the case (this topic will be discussed for the city of Calgary in our next article).

That said, we were impressed by the city’s sustained levels of unabsorbed and ready-for-occupancy inventory of new non-apartment products amidst sustaining shares of units that are absorbed at completion by comparison.

Although this quarterly comparison does not assure a definitive trend, it is noteworthy nonetheless since continued sustainment generally indicates that builders have found a comfortable and/or committed level of speculation building (starting a home without it being pre-sold). Should this prove true, it would mark a key determinant to a “bottom” forming for annual rate reductions in the city’s unit starts moving forward.

Moreover, should this trend prevail against recent trends that have shown a reduction in the city’s overall supply of housing development lots, one can expect any price reductions plaguing this market to be nearing the bottom of their current cycle as well, as starts continue to be more well matched to demand.

For our Calgary readers who might be wondering if their city is experiencing a similar market situation, we will have more on this topic in our next article.

Mar-16

Jun-16

(1) Units Under Construction

3,858

3,367

Difference

Row

944

784

-160

Duplex

1,018

910

-108

Single Family

1,896

1,673

-223

75

115

40

Duplex

283

271

-12

Single Family

499

490

-9

-491 (-13%)

(2) Unsold Units Ready for Occupancy Row

(3) Share of Units Absorbed at Building Completion Row

70%

66%

-4pp

Duplex

58%

57%

-1pp

Single Family

73%

71%

-2pp

(4) Non-Apartment Lots (Units) Row

2,267

1,916

-351

Duplex

2,232

1,842

-390

Single Family

7,151

6,418

-733

Source: Measures (1), (2) and (3) collected from CMHC residential construction digest for the Edmonton region. Measure (4) was collected from preliminary estimates of Intelligence House’s quarterly surveys of residential non-apartment housing lot supply.

Intelligence House is Alberta’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence, which includes full research, marketing and sales / leasing services for the real estate industry.

Edmonton | Calgary | Kelowna

intelligencehouse.ca From left to right: Emmett Hartfield Alex Ruffini Michael Melnychuk

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$550’s

Advice | CALGARYISM

5 biggest mistakes new-home buyers make cracks in the concrete foundation are something to be concerned about. As matter of fact, you should make sure that a professional home inspection from a third-party on the property in question is included in your contract and happens before signing on the dotted line. If you are really interested, you could also follow the home inspector as they check the home and learn about the bones of your new home, which never hurts to know.

By Cody Battershill

MORE ADVICE ONLINE ypnexthome.ca/news/advice

1. Busting your budget Shopping for a new home can make you a little giddy to say the least. One viewing after another, in showhomes that are typically decked out to the max with optional features, definitely gets the blood pumping. For just a bit more cash you could have those granite counters that you’ve always wanted, and a bit more than that, an upgraded appliance package in the kitchen. Because a new home may be priced in the $400,000 to $500,000 range, that extra $10,000 to $20,000 you could spend on optional upgrades may not seem like such a big deal. But that’s not a game that you want to play. Ask yourself, what would happen if your income went down or had an unexpected change in employment? Could you afford to continue your mortgage payments and all other expenses?

That extra cash you dropped on upgrades which also increased your mortgage amount could very well be a tipping point if something like losing your job did happen.

2. Forgetting about additional costs Buying a home isn’t just a matter of replacing your rental payment with one for a mortgage. There are a ton of additional costs for maintenance, utilities and property taxes on top of furnishing the home itself. Many people tend to forget about things like property taxes and insurance when deciding on how much of a monthly mortgage payment they 24 YPNEXTHOME.CA

5. Not understanding everything in the contract

can afford. Make sure you consider these costs and factor them into your payments so that you don’t end up putting a strain on your finances.

3. Not looking at enough properties This is one of the worst things you can do as a new-home buyer. There are a ton of new home builders out there with a ton of different kinds of properties and design styles to choose from. You are selling yourself short if you don’t spend the time to browse them all. With that in mind, don’t let anyone rush you or pressure you into a decision either. This is a big deal and you’re the boss; make a choice based on your own timeline and when you’re ready and make sure that you have seen enough listings to be 100 per cent sure that the one you have chosen is the one.

4. Skipping the home inspection Just because a new home looks like it’s in tip-top shape doesn’t mean that’s necessarily true. It could have structural defects or mechanical issues that would otherwise be caught by a professional home inspection. Home inspectors are trained to spot the things that you don’t know to look for, like if those

Buying a new home may just be the largest purchase you’ll ever make.

With that said, it’s absolutely crucial that you understand every clause in the contract inside and out, and if you don’t, to ask questions so that you do understand. For example, you may walk into a new showhome and automatically assume that those shiny stainless-steel appliances are included in your package – only to walk in later and find standard models in their place. Some common points of contention you should be aware of include big appliances like washers and dryers, window treatments, light and bath fixtures and ceiling fans.

Replacing one of these things once you find out that they are not included could cost hundreds of dollars – which is no small deal. Do your due diligence, go through the contract carefully, make sure to ask about any items that are not there and get them added in writing if need be.

I wish you all the best on your new home hunt!

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

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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

A naturally tailored neighbourhood for you and your family.

It’s your escape; the best way to disconnect from big city living with the Bow River and Fish Creek Park right beside you.

Architectural styles that fit the landscape, form that fits your lifestyle. Find your natural fit in Cranston’s Riverstone.

Homes starting from the mid $400s to over $1m

experienceriverstone.com

TT VI

JAMES McKE

5 Mahogany

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SHERIFF KING STREET

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DEVELOPER: Hopewell Residential BUILDERS: Jayman MasterBUILT, Hopewell Residential, Stepper Custom Homes, Homes by Avi, Excel Homes ESTATE BUILDERS: Calbridge Homes, Morrison Homes, Homes by Avi www.mahoganyliving.com

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24 STREET

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CRANSTON AVE. SE

04 WALDEN

DEVELOPER: Genstar BUILDERS: Cardel Homes, Excel Homes, Homes by Avi, California Homes, Avi Urban, Cedarglen Homes www.waldenliving.ca

52 STREET

BARLOW TRAIL

MORE VOIR

DEVELOPER: Brookfield Residential BUILDERS: Albi 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

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BLACKF OOT

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03 CRANSTON

06 McKENZIE TOWNE

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

07 NEW BRIGHTON

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

08 QUARRY PARK SETON BLVD SE

4

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

09 LEGACY 9

01 AUBURN BAY

9

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

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

02 COPPERFIELD

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

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 27

Property Profile | CREATIONS BY SHANE HOMES

Creations by Shane Homes’ Galea A WIDE OPEN CONCEPT DESIGN and an abundance of terrific features is winning over new-home buyers visiting the Galea, the newest duplex offering and showhome crafted by Creations by Shane Homes in Legacy in southeast Calgary.

Dozens of people toured through the Galea and the other duplex showhomes during the grand opening in July and were “wowed by the open concept of the main floor, which is great for entertaining,” says area manager Michael MacLean.

“The Galea is one of our most popular models and we had such a great response to it that we sold two during the grand opening,” MacLean comments. “They love the large kitchen with the good size pantry, the highly functional upper floor and the generous size of the master bedroom.

“People are really excited about the design, the great 28 YPNEXTHOME.CA

use of space and they can see themselves living in it,” he says. “It’s a very welcoming, comfortable plan and it appeals to everyone from first-time buyers to downsizers.”

The 1,508-sq.-ft. Galea showhome presents an amazing vibe right from the front entry that features lots of windows making it nice and bright and there is substantial space to greet guests. Two closets flank the front entry providing plenty of storage and a dark tile in the foyer transitions to a richly-toned wide plank hardwood style laminate that flows throughout the main floor.

Elegantly lit art niches flank the entrance way leading into the living room providing fabulous spaces for displaying artwork and collectibles. Buyers will be awed by the incredibly large living room that ensures ample space for furniture and will adore the built-in TV niche and multiple windows.

PHOTOGRAPHY BY EYMERIC WIDLING PHOTOGRAPHY

Impressing buyers with open design

PHOTOGRAPHY BY EYMERIC WIDLING PHOTOGRAPHY

Location

Legacy in Calgary Builder

Creations by Shane Homes Home Type

Duplexes Sales Centre

1428 Legacy Circle SE, Calgary Contact

Michael, 403.536.2314

MORE PHOTOS ONLINE ypnexthome.ca/shane-galea

A grand central nook adjacent to the kitchen provides space for a large dining room set for hosting dinners with friends and family.

The spacious, open concept kitchen is highlighted by an expansive central island with breakfast bar seating. The kitchen also features light granite countertops that complement the light cabinets, tile backsplash and stainless steel appliances, and add a nice contrast to the dark floor.

The kitchen also includes a walk-in pantry across from the island, and a large window above the double under mount sink so owners can watch their

kids playing in the backyard.

There is a mud room off the rear entry with a tile floor that matches the front entry and a large double closet to stash away coats and boots. Completing the main floor is a convenient half-bath tucked away by the staircase leading to the second floor.

Upstairs, the owners’ suite provides an abundance of space for king-sized furniture and features a walk-in closet and ensuite with soaker tub, granitetopped vanity and tile flooring. There are two generously sized secondary bedrooms with ample closet space,

three piece main bath and a laundry closet with space-saving stacked washer and dryer.

Buyers also have the option of developing their basement and building a double detached garage.

Besides the Galea, Creations by Shane Homes has the 1,482-sq.ft. Arbor, 1472 Arbor II and the 1,320-sq.-ft. Samara II on the showhome parade in Legacy and builds several other models buyers can choose from to meet their needs.

Legacy itself is a master-planned community in southeast Calgary featuring inviting walking paths and protected green space, and is located close to major routes such as Stony Trail and Macleod Trail for easy access to shops, services, eateries and the LRT. For more information, visit the Galea at 1436 Legacy Circle S.E., Calgary, and the other showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call Michael at 403.536.2314 or visit shanehomes.com/creations AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 29

SPRING 2016 VOLUME 7, ISSUE 1, FREE

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A comprehensive look at Calgary and Area’s new communities to help you find the best neighbourhood and home for you.

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Ask An Expert

Q&A

By Heather Ryan

Pinterest a helpful site for house hunting and decor Q: Can you tell me what Pinterest is and how is it beneficial to a homebuyer?

A: “Pinterest is a social media website, that allows users the ability to visually create a personalized catalogue of ideas to different interest boards,” says Brenda Kasianiuk, social media, marketing and sales associate for Shane Homes. “Pinterest users can create boards for everything from home decor to meal recipes. Users can pin photos and links they like on the applicable interest boards they have created.”

Home decor and do-it-yourself are among the most popular categories on Pinterest, so it’s a great resource to research ideas when building or decorating your home as there is a large selection of photos to browse.

“Pinners can create boards for individual rooms, such as kitchen,

laundry, walk-in closets, etc., and save photos to it,” Kasianiuk explains. “When it comes time to build, if you browse your laundry room board, for example, and find that all of the images include an adjacent linen closet and upper shelf for organizing, you can make note that this is something important to you in your new home.”

Or, for a kitchen board, images you’ve saved may include a mosaic tile backsplash, dark wood cabinets and dark hardwood flooring, so you already have an idea of what you like when youAN make your interior selections ASK EXPERT:

by HEATHER RYANfor your home during the building process.

DIY is another popular category on Pinterest and a popular economical alternative to buying products for your home.

“When you DIY you can get exactly what you want – the correct size, shape, colour and generally save money as well,” Kasianiuk says. “Some of our interior designers use Pinterest to research DIY projects for our showhomes when they can’t find exactly what they want in the retail stores.”

Shane Homes and other builders use Pinterest to share content such as showhome photos, so users can flip through photos and save them to their boards for future reference. People can also see some of the newest products available on the market – many of which are often used in showhomes.

If you have a home related question, contact Shane Homes at info@shanehomes.com.

Q&A

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 31

Property Profile | BROOKFIELD RESIDENTIAL

Riverstone offers tranquil natural setting, desirable amenities Location

Cranston Builder

Brookfield Residential Development

Cranston’s Riverstone Home Type

Townhomes/villas, move up, estate and luxury estate homes Sales Centre

12 showhomes Contact

experienceriverstone.ca

FAMILIES CAN LEAVE the hectic pace of the city behind and enjoy a tranquil, natural setting of Cranston’s Riverstone – a community that puts desirable amenities at the door step from the Bow River and Fish Creek Park to neighbourhood conveniences.

Riverstone is a master-planned community being developed by Brookfield Residential nestled between the dramatic Cranston escarpment and the shores of the picturesque Bow River. Its distinctive location provides homeowners with a natural sense of calm, inspired by the unique beauty of their surroundings yet they have easy access to everything they need, says Jessie Seymour, senior manager of strategic marketing for Brookfield.

“Riverstone is located in amenity rich Cranston and is ideal for families,” Seymour says. “It offers a wide range of choices with homes starting from the low $400,000s. To get a new-built home in that price point in an area where all the amenities are already established is unheard of. The value is there as soon as you move in.”

The community is surrounded by green space, the escarpment and the

river’s edge and has a creek running through it with pathways, parks and trails that link to Cranston, the Bow River and Fish Creek Park. “When you come home to Riverstone, you truly feel like you’re away from the city yet you’re minutes from groceries, shops, services and restaurants at Cranston Corner and Cranston Market and two existing schools located in Cranston and a new one underway to open in 2017,” Seymour notes.

“There is also the residents’ association that runs events and programs at Century Hall, a splash park, hockey rink, tennis courts – there is just so may activities for families to enjoy,” she says, adding there is also hiking, biking, fishing and exploring in the river valley.

Buyers in Riverstone can choose from four incredible home styles designed to suit a variety of needs from a first move up home to an estate.

Mosaic Riverstone by Brookfield Homes is comprised of 64 bungalowstyle stacked townhomes each with double-car attached garage. Buyers can choose from the Slate II, Olive II or Hunter models that range from approximately 1,400 to 1,600 sq.

ft. with either a two- or a threebedroom layout. These townhomes start from the mid $400,000s.

Calbridge Homes is offering Villas in Riverstone. These homes start at 2,500sq. ft. and there are opportunities remaining to back onto the Bow River. These homes start from the mid $700’s.

Move up front drive garage homes

are being crafted by ALBI Luxury by Brookfield Residential, Cedarglen Homes and Trico Homes starting at 2,000 sq. ft. from the low $500,000s.

ALBI, Baywest Homes, Calbridge Homes are building elegant estate homes starting at 3,000 sq. ft. from the low $800,000s, while ALBI is the exclusive builder of spectacular estate homes also starting at 3,000 sq. ft.

and priced from $1.1 million.

Buyers have a wide range of lots to choose from in Riverstone sized from 34 to 75 ft. wide and including some lots that back onto either the escarpment, Willow Creek or Fish Creek Park and the Bow River.

Riverstone residents also have easy access to shops, services, restaurants and more at Brookfield’s Seton’s Urban District. Now in Phase 3 a Marriott Hotel just opened, work is starting on professional building, construction should start on a cinema this year, a YMCA, biggest the city has ever constructed, broke ground in June and finally Mountain Equipment Co-Op (MEC) just announced a new store to open in Seton. For more details, visit setonurbandistrict.com The location also provides Riverstone residents with easy access to Stoney and Deerfoot Trails and the new south hospital is minutes away.

For more information about Riverstone, visit the 12 showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m. or visit experienceriverstone.ca

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

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04 NOLAN HILL SARCEE TRAIL

Showhomes: 2003 20th Ave. 02 EVANSTON

DEVELOPER: United Communities BUILDERS: Homes by Avi, MilanoShane Homes, 11 Homes, Morrison Showhomes: Panatella Hill NW Sterling Homes, Trico99Homes, Builders: Trico Homes Jager Homes, Pacesetter Homes, Creations by Shane Homes www.nolanhillunited.com

Developer: Birchwood Properties DEVELOPER: Qualico Communities Builders: Birchwood Properties BUILDERS: Broadview, NuVista, Trico Homes, Pacesetter Homes, Ranch 10 Hanson 05 BEACON HEIGHTS Sterling Homes, Jayman kora Glen Rd. NW Showhomes: Hidden Creek Blvd. NW DEVELOPER: Intergulf Cidex MasterBUILT Developer: Cedarglen Homes | Cardel Homes and Development Corp. | BUILDER: Trico Homes, Intergulf elopments Builders: Genstar 03 SAGE HILL Cidex Homes | Majestic Homes | DEVELOPER: United Communities es | Centrex Homes BUILDERS: Pacesetter Homes

Homes | Albi Homes

09 BEARSPAW WILLOW CREEK

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

10 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

11 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

12 ROCK LAKE ESTATES

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DEVELOPER: Birchwood Properties BUILDERS: Birchwood Properties

9 CityLife

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BUILDERS: Genesis Builders Group www.genesisland.com

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144 AVE. NW

DEVELOPER: Decker Management BUILDERS: Crystal Creek Homes, Lupi Luxury Homes, Jager Homes

13 SHERWOOD

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

14 MOUNT PLEASANT

BUILDER: Landmark Homes www.landmarkgroup.ca

15 SYMONS GATE

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

*2012 and 2013 National SAM award winner for Best Community Development AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 35

Neighbourhood Profile

Nolan Hill Modern, with a nod to history

By Caitlin Best

ages within a 10- to 15-minute drive.

On the weekends, the Symons Valley farmers’ market is the place to go.

Planes, trains & automobiles Residents are right on the boundary of the city limits and can expect to do more driving than the average Calgarian. However, from the gates, there are many access points to the city. Stoney Trail, Sarcee Trail and Beddington Trail via Country Hills Boulevard will all serve as convenient arteries. The airport is roughly 20 minutes away – an advantage to living in the North. Currently, there are no regular bus routes from the neighborhood.

MORE PHOTOS ONLINE ypnexthome.ca/nolan-hill

NOLAN HILL IS ONE of the newest communities to spring up in Calgary on the Northwest side of town.

Here, you’ll find homeowners who enjoy having a place for their kids to play, paths to walk and run, wide open space and a slower pace of life with a few conveniences nearby, such as big box stores, yoga and the market.

Meet the neighbours Many areas of Nolan Hill are still under construction, but the first wave of neighbours to move in feature a considerable amount of families with young children. The abundance of parks and paths have been designed with family in mind, and right now, these are probably the most used amenities.

The good, the bad & the rest Residents who like the suburbs and the idea of living in a family friendly community will be at home here.

There’s a wide variety of housing options, lots of space, several parks and a fantastic view of the countryside. On the flip side, residents who like to have access to a variety of shops, restaurants and transit, might not find this community to be ideal. Furthermore, the commute to downtown is one of the longest from anywhere in the city.

The vibe This Northwest community was inspired by the British Isles and provides a series of lush parkways, ravines set throughout modern rows of houses and townhouses.

The dramatic Old World ruins at the main entrance and roundabout will make you feel like you’ve stepped into the Irish countryside.

In the area Because the area is new, there is still a great deal of development going on but a commercial/shopping centre is currently under construction with plans for a State & Main restaurant and a hot yoga studio. Beyond the space for kids to play, you have a number of shopping centres, such as Beacon Hill, recreational facilities and schools for all

Dollars & sense This area will be mainly focused on residential and the businesses going into the local shopping centre will be on par with what you’d find in many of the recently developed suburbs of Calgary. Residents also have access to many of the box stores in the area, including Costco, Home Depot and Future Shop.

Caitlin Best works as a freelance writer and creative based in Calgary. When she’s not covering the latest lifestyle trends or hot new restaurants for local and national publications, she’s planning her next travel adventure.

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old world traditions. modern living.

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

20 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 | C E D A R G L E N L I V I N G

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Advice | THE HOMEBUYING PROCESS

CHBA – UDI Calgary Region Association – benefits to amalgamation

By Donna Moore

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE RECENT SELECTION of a

new chair and board of directors for the CHBA – UDI Calgary Region Association culminates an amalgamation that has been in the works for more than two years.

We (the Canadian Home Builders’ Association (CHBA) - Calgary Region and the Urban Development Institute (UDI) – Calgary) began the process in 2013, when we heard from our respective members that our industry was changing, and business, and business issues, between builders and developers were overlapping, so our members asked the question – “Should we be one organization?”

UDI – Calgary has been around almost as long as CHBA - Calgary, with UDI’s role focused more on developer specific issues and CHBA’s more on builder and renovator concerns. With the industry changing, we began to see those lines blur and it made sense to have one organization to provide a stronger voice for members, to be more efficient and to increase our visibility in the community.

Member companies from CHBA - Calgary Region and UDI – Calgary voted over seven days, and delivered a resounding “Yes,” thus becoming the CHBA – UDI Calgary Region Association.

The amalgamation is good news for the industry in Calgary and the region, which represents home builders, developers, renovators, suppliers, manufacturers and other businesses related to residential construction, as well as for homebuyers.

40 YPNEXTHOME.CA

First and foremost, the amalgamation benefits our members because they have an opportunity to belong to a larger, stronger organization. We’re also looking forward to the opportunity to increase our mandate and spend more time dealing with issues that are happening in the surrounding region not just the city of Calgary.

The two industries that are responsible for the growth and development of the city and its surrounding region have worked in partnership for years, and the synergy has already yielded some benefits. One example is our successful partnership in the Smarter Growth Initiative, which has engaged Calgarians in dialogue on the challenges of building a great city.

For homebuyers, we will continue to provide the same services and information. However, with a stronger voice, we can advocate more effectively on your behalf to ensure homes continue to be made affordable.

We will continue to be part of CHBA at the national and provincial levels. As we bring our organizations together, we will have new opportunities.

As part of this amalgamation, the

association recently introduced its new board of directors, representative of three areas: Builder/Developer/ Renovator – Paul Boskovich, Genstar, Ryan Boyd, Brookfield Residential, Collin Campbell, Mattamy Homes, Brett Friesen, Hopewell, Jill Huber, APEX; Allan Klassen, Brookfield Residential; Sean Nolan, Jayman BUILT; Carolina Oxtoby, Heritage Pointe Properties and Shane Wenzel, Shane Homes; Supplier/ Manufacturer/Trade – Darryl Conroy, Borger Group of Companies, Wayne Copeland, Double R Building Products Ltd. and Ryan Erickson, Kidco Construction; and Service/ Professional/Consultants – Fraser de Walle, The Alberta New Home Warranty Program, Jane Power, Urban Systems Ltd. and Mark Wynker, Stantec.

At the first meeting of the new board, the board elected Allan Klassen, senior vice-president, Calgary Homes, Brookfield Residential, as chair for 2016-17.

Donna Moore co-CEO, CHBA – UDI Calgary Region Association, 403.235.1911, crhba.com

AV

EN

4 BAN

FF

COACH ROAD

01 MYSTIC RIDGE

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

16 AVENUE

02 CURRIE BARRACKS

7 BOW TRAIL

ORI

11 10

2 ELBOW DRIVE

3

DEVELOPER: Legend Developments

04 CRESTMONT

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

BLACK FOOT TRAIL

1

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

03 SPRING VALLEY

17 AVENUE

37 STREET

17 AVENUE

SARCEE TRAIL

14 AVENUE SW

MEM

69 STREET

06 DRESSAGE IN SILVERADO

DEVELOPER: Qualico Communities BUILDERS: Baywest Homes, Augusta Homes

07 WESTLAND ESTATES

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

SOUTHLAND DRIVE

08 WEST GROVE ESTATES

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

ANDERSON ROAD

BOTTOM TR

FISH CREEK PARK

9

JAMES

DEVELOPER: Cardel Homes BUILDERS: Cardel Homes www.cardelhomes.com DEVELOPER: Truman BUILDERS: Sane Homes and Truman Homes

SHAWNESSY BLVD.

11 ASPEN WOODS ESTATES

MA

DEVELOPER: Springbank Land Company Ltd. BUILDERS: WestView Builders, Truman Homes, Crystal Creek Homes, and Homes by Us.

IL

TRA

SHERIFF KING STREET

D

OA

CLE

ET

37 STRE

162 AVENUE

6

09 SHAWNEE PARK

10 WEST GROVE POINT

MCKEVITT

FISH CREEK BLVD

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

UE

14 STREET

16

CENTRE STR

›› SOUTHWESTCOMMUNITIES

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 41

Advice | MORTGAGE ADVICE

5 ways to boost your down payment

By Alyssa Richard

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

WITH THE AVERAGE PRICE of a home

in Canada now costing more than $500,000, many young people need all the help they can get when it comes to coming up with the down payment for their first home.

If you’ve just started saving and are looking for ways to give your down payment fund a boost, the five tips below will help you save more money faster to afford the home of your dreams and leave you with a smaller mortgage.

1. Make a tax-free withdrawal from your RRSP If you’re a first-time homebuyer, you can make a tax-free withdrawal of up to $25,000 tax free from your RRSP under the Home Buyers’ Plan (HBP). This means a couple purchasing their first house together can each withdraw up to $25,000 from their RRSPs, for a total of $50,000 towards a down-payment on their first home. The money must be paid back over a period of 15 years beginning in the second year after you made a withdrawal.

2. Use your tax refund If things such as unused tuition credits, moving expenses or RRSP contributions will net you an income tax refund when you file your taxes, resist the temptation to spend it!

Instead, save it as part of your down payment fund. Your income tax refund is one of the easiest ways to quickly boost the balance of your down payment without putting any strain on your everyday budget.

42 YPNEXTHOME.CA

3. Trim expensive luxuries from your budget

5. Borrow from the Bank of Mom and Dad

Cutting your daily coffee from your budget will probably only save you a few hundred dollars per year, which won’t go far if you’re planning to buy a home anytime soon. However, if you’re spending more than $100 a month on expensive cable packages or pricey gym memberships, axing these from your budget and redirecting the cash to your down payment fund will give it a noticeable boost. You don’t have to give up everything to become a homeownership but you should prioritize the goal over non-necessities you won’t really miss.

Your parents raised you, took care of you when you were sick, and prepared you for life. While you may feel bad about asking for a handout, many young Canadians expect financial support when buying a home. In fact, a 2015 BMO survey finds that 42 per cent of first-time buyers actually expect their parents or relatives to help pay for their first home. And 40 per cent of first-time buyers say they wouldn’t be able to afford a home without financial help from family.

For many young people, the down payment for their first home will be the largest sum of money they’ve had to save up so far, so it’s no surprise they find the task daunting. However, with commitment and a plan, you’ll be able to save up the down payment you need in order to afford the home you want.

RateHub.ca is a website that compares mortgage rates, credit cards and deposit rates with the goal to empower Canadians to search smarter and save money.

4. Find a side hustle to fund your goals One of the easiest ways to really ramp up your savings for a down payment is to dedicate an income stream to achieving the goal. If you can find parttime work outside the regular hours of your job or freelancing you can fit in your own schedule, you can use all the extra income you earn towards saving for a house. You might be reluctant to put a few more hours in at a second job if you’re already working full-time, but if working evenings and weekends will make your home ownership dreams come true, it’s a worthy sacrifice.

Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

›› CALGARYNORTHREGION 575 CROSSFIELD

72

2

567 AIRDRIE

01 VISTA CROSSING IN CROSSFIELD DEVELOPER: Dream Development BUILDERS: McKee Homes, Reidbuilt Homes

HUSTLE & BUSTLE

›› 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

HIGH RIVER

BLACK DIAMOND

HIGHWOOD LAKE

RIVERWOOD ESTATES

DEVELOPER: WestView Builders BUILDER: WestView Builders

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

HAMPTON HILLS

BUILDERS: WestView Builders

MONTROSE

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

PRIDDIS HAWKS LANDING

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

SEARCH ONLINE ypnexthome.ca

44 YPNEXTHOME.CA

HERITAGE POINTE ARTESIA AT HERITAGE POINTE

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

Trending

Twenty-three of the 25 improving schools in Alberta are public THE FRASER INSTITUTE’S latest Report

Card on Alberta’s High Schools indicates that most of the fastest improving schools are public schools.

The study rates 307 public, private, separate and charter schools based on five academic indicators generated from grade 12 province-wide testing, grade-to-grade transition and graduation rates.

“Alberta parents want the best for their families and having the ability to compare school performance helps them make a more informed decision about the school their children attend,” says Peter Cowley, Fraser Institute director of school performance studies.

Taking into account the last five years, Alberta’s two charter high schools achieved the highest average rating of 8.3 (out of 10), followed by private schools (8.1), separate schools (6.3) and public schools (6.0).

The data suggests that every school is capable of improvement regardless of the type of school, its location and the proportion of students with special needs or students in English as a Second Language programs.

For example, the school enjoying the fastest statistically significant improvement over the past five years is École Mallaig School, a public school in north-eastern Alberta. Despite having 25 per cent of its students identified as special needs learners, Mallaig’s overall rating has steadily improved to 7.7 (out of 10) in 2015

The 25 fastest improving schools 2011-15 School

City

Affiliation

1. Mallaig

Mallaig

Public

2. Sexsmith

Sexsmith

Public

3. Ernest Manning

Calgary

Public

4. St. Paul

St. Paul

Public

5. J A Williams

Lac La Biche

Public

6. Grimshaw

Grimshaw

Public

7. Lamont

Lamont

Public

8. Peace Wapiti Academy

Grande Prairie

Public

9. J. C. Charyk Hanna

Hanna

Public

10. Willow Creek

Claresholm

Public

11. J. T. Foster

Nanton

Public

12. Didsbury

Didsbury

Public

13. Bishop Carroll

Calgary

Separate

14. La Crete

La Crete

Public

15. Tofield

Tofield

Public

16. Bishop McNally

Calgary

Separate

17. Wetaskiwin

Wetaskiwin

Public

18. Grande Prairie

Grande Prairie

Public

19. Cold Lake

Cold Lake

Public

20. Chinook

Lethbridge

Public

21. Frank Maddock

Drayton Valley

Public

22. Harry Collinge

Hinton

Public

23. Fort Saskatchewan

Fort Saskatchewan

Public

24. Central Memorial

Calgary

Public

25. Olds

Olds

Public SOURCE: FRASER INSTITUTE

from 3.5 in 2011.

Of the 10 fastest-improving schools, all are public schools.

“When parents see the Report Card’s objective evidence that a school’s results are consistently low

TRAFFIC JAMS

or declining, they often become very effective advocates for improvement,” Cowley says.

“Every year, every school in the province should find ways to improve student results – it’s as simple as that.”

›› 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, Sunstar Homes, Jager 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 Builders, Aquilla Homes www.edgefieldstrathmore.com

LYALTA 03 THE LAKES OF MUIRFIELD

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

SEARCH ONLINE ypnexthome.ca 574

46 YPNEXTHOME.CA

Trending

Canadian home sales set record in April NATIONAL HOME SALES in April 2016 rose to their highest level ever, according to the Canadian Real Estate Association (CREA).

Highlights from CREA’s latest stats include: » National home sales rose by 3.1 per cent from March to April. » Actual (not seasonally adjusted) activity was up 10.3 per cent compared to April 2015. » The number of newly listed homes was little changed (-0.2 per cent) from March to April. » The MLS Home Price Index (HPI) rose 10.3 per cent year-over-year in April. » The national average sale price climbed 13.1 per cent in April from one year ago; net of the Greater Toronto Area and Greater Vancouver, it was up by 8.7 per cent year-over-year.

Sales were up in April compared to the previous month in about 70 per cent of all local markets, led by the National Capital Region and Edmonton.

Following small declines the previous month, activity held steady in the Greater Toronto Area (GTA) and edged lower in Greater Vancouver.

“National home sales set new monthly records over the past two months, even as activity in Greater Vancouver and the GTA appears to have topped out,” says CREA President Cliff Iverson.

“Supply shortages and tight housing market conditions have become self-

MORE TRENDING ONLINE nexthome.yp.ca/news

reinforcing in the GTA,” says Gregory Klump, CREA’s chief economist. “The Greater Vancouver Area appears to be heading in that direction, too. While significant home price gains may entice some homeowners in these markets to list their home for sale, the issue for many is that the decision to move means they would also be looking to buy while competition for scarce listings is fierce. As a result, many homeowners are deciding to stay put and continue accumulating capital gains.”

Sales activity rose 10.3 per cent from a year ago to shatter all previous records for the month of April. It also marked the second highest level for transactions for any single month and stood 16.5 per cent above the 10-year average for the month of April.

Activity was up from year-ago levels in about 70 per cent of all local markets, led by a number of markets in British Columbia as well as the GTA. The Aggregate Composite MLS HPI rose by 10.3 per cent on a year-over year basis in April 2016, the biggest gain since May 2010.

For the third consecutive month, year-over-year price growth accelerated for all Benchmark property types tracked by the index.

Two-storey single family homes posted the biggest year-over-year gain (12.3 per cent), followed by townhomes (9.8 per cent), onestorey single-family homes (9.4 per cent) and condos (7.9 per cent).

National average price for homes in April 2016 was $508,097, up 13.1 per cent on a year-over-year basis.

d 12 Ran g e R

Journey Back. Live Forward.

Character homes from the $340’s.

Mossip Ave

Harrison St

Range Rd 12

Welcome to Vista Crossing, where life is simplified in a most sophisticated way. Just a 35 minute drive to downtown Calgary, this is a place where you can unplug and reconnect with what really matters.

Beneath the stars, on the main street where the coffee shop owner knows how you take yours.

Your exceptional home awaits in this masterfully planned community.

574

Harrison St

Vista Dr

Range Rd 12

September 10 Grand Opening Amery Cres

10-22 Amery Crescent | Crossfield, Alberta

574 Murdoch St

Sunset Hts

Stevens St

Sunset Link

Range Rd 12

Sunset Way

MCKEE HOMES | REIDBUILT HOMES | HOMES BY DREAM

vistacrossing.ca Smith Ave

AUG 12 - SEP 9, 2016 | NEW HOME GUIDE 47

next prenup.

next hubby.

next mistress.

next fight.

next divorce.

When one thing, leads to another home.

Discover all your possibilities at

Buyers’ Resources | MORTGAGE RATES

Compare mortgage rates for your best deal CHARTERED BANKS

variable

6 months

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.6000

4.0000

2.9400

2.2900

2.4400

2.4900

2.5900

Alterna Bank

2.4500

4.0000

2.7900

2.3400

2.4000

2.6900

2.4800

Alterna Savings

2.4500

4.0000

2.7900

2.3400

2.4000

2.6900

2.4800

Bank of Montreal

2.9000

4.2000

3.0900

3.1900

3.5900

4.0900

4.9400

Bank of Nova Scotia

2.7000

4.5500

3.2900

3.0900

3.3900

3.8900

4.4900

CIBC Mortgages

2.7000

3.1400

2.8400

2.7900

3.3900

4.0900

4.7900

Caisses Desjardins

2.7000

4.4000

3.1400

3.2400

3.3900

3.8900

4.7400

Canadian Western Bank

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Canadian Western Trust

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Comtech Credit Union

-

6.2000

2.8400

2.8900

2.9500

2.9900

2.8900

DUCA Financial Services

2.5000

-

2.8900

2.7900

2.7900

2.9900

2.4900

Effort Trust

-

4.4500

3.3500

3.5000

3.7000

4.3000

4.3500

Equitable Bank

-

-

3.1400

3.0400

3.6500

4.3900

4.6400

First Calgary Financial

-

4.0000

2.8900

2.8900

2.4400

2.7900

2.5400

First National Financial

2.3500

3.0000

2.2900

2.2400

2.3900

2.4900

2.5400

FirstOntario Credit Un.

2.5000

4.2400

2.6900

2.2400

2.3400

2.4400

2.4900

HSBC Bank Canada

2.8000

4.4500

3.1400

3.1400

3.3900

4.0900

4.6400

Home Trust Company

2.5000

3.9500

2.6900

2.1400

2.3400

2.5900

2.4900

ICICI Bank Canada

3.0500

-

2.8400

2.8400

2.8400

2.8900

2.8900

Investors Group Trust

2.7000

4.2000

3.1400

3.0900

3.3900

3.8900

4.7400

Laurentian Bank Canada

2.7000

4.4000

2.8900

2.8400

3.3900

3.8900

4.7400

League Svgs & Mortgage

-

4.4500

2.9900

2.5900

2.7900

2.6900

2.6900

Libro Credit Union

-

3.7500

2.6000

2.6500

2.6900

2.6900

2.6900

London Life

2.7000

4.2000

3.1400

3.0900

3.3900

3.8900

4.7400

Luminus Financial

3.2500

-

3.2500

3.2000

3.6500

4.0000

4.5000

Manulife Bank

2.6000

4.4500

3.0000

2.9400

2.8400

2.7900

2.8900

Manulife Trust

-

4.4500

3.0000

2.9400

2.8400

2.7900

2.8900

Meridian Credit Union

2.4000

4.0000

2.8400

2.7900

2.6400

3.8900

2.4900

National Bank

2.7000

4.4000

3.1400

3.0400

3.3900

3.8900

4.7400

PACE Savings & Credit Un

-

5.0000

2.9900

2.6900

3.4900

3.9900

4.5400

Parama Credit Union

2.6500

-

2.8000

2.8500

2.9500

3.0500

3.1500

Peace Hills Trust

-

4.5000

3.1500

3.5000

3.7500

3.8500

3.9500

President's Choice Fin'l

2.7000

6.1900

3.1400

2.7900

3.3400

3.9900

4.4400

Rapport Credit Union

2.8500

6.0000

3.0900

3.0400

3.5000

3.0400

2.9900

Royal Bank of Canada

2.7000

3.1400

3.1400

3.0400

3.6500

4.3900

4.6400

Steinbach Credit Union

-

-

2.3900

2.3900

2.3900

2.4900

2.4900

T-D Mortgage

2.7000

3.1400

2.9900

2.8400

3.3900

3.8900

4.5400

Tangerine

2.7000

-

3.1900

3.2400

3.4900

3.6900

3.7900

WFCU Credit Union

-

4.4500

3.0000

3.0400

3.6500

4.3900

4.6400

Your Neighbourhood C.U.

-

-

2.7990

2.8900

3.0900

3.1500

2.6900

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator PREPARED BY CANNEX ON AUGUST 3, 2016 This information is current as of the date and time posted and is subject to change without notice. © Copyright 2016 CANNEX Financial Exchanges Limited. All rights reserved.

50 YPNEXTHOME.CA

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New Home Guide.indd 1

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