Calgary New Home Guide - Sept 15, 2017

SEPT 15 – OCT 13, 2017 | nexthome.ca

CALGARY EDITION

Connecting Canadians to new HOMES & CONDOS for more than 25 years

11

COMING THIS FALL!

Register today at mylegacypark.com

INSIDE:

Q&A WITH REAL ESTATE EXPERT DON CAMPBELL

LAUNCH YOUR FALL LANDSCAPING PLAN

NE CALGARY’S BEST VALUE

VIBE SHOWHOME IN CITYSCAPE, CALGARY

ALL YOUR HOUSE-SHOPPING NEEDS, ALL IN ONE PLACE Being both your builder and developer lets us address your specific design and layout needs quickly and easily. This efficiency means you’ll always get the very best value on a choice of homes.

CALGARY Front-Drive Homes

Townhomes

From $411,990

From $252,990

Rear Laned Homes

SALES CENTRE

From $399,990

10520 Métis Trail NE 587-755-1061

SALES CENTRE HOURS Monday - Thursday 1 pm-8 pm; Friday 1 pm-6 pm; Saturday, Sunday and Holidays 11 am-6 pm All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

NEW SCHOOL. NEW MEMORIES.

STAY CONNECTED TO YOUR COMMUNITY Right next to Windsong School, with an abundance of trails nearby, there’s no better place for your family to grow than our two Airdrie communities.

AIRDRIE Front-Drive Homes

Village Townhomes

From $361,990

From $250,990 Manor Townhomes

From $299,990 SALES CENTRE

907 Windsong Drive 403-980-8765

SALES CENTRE

907 Windsong Drive 403-980-8765

MATTAMYHOMES.COM/CALGARY

GRAND OPENING OCTOBER 14TH Join us for Family Friendly Activities while touring 4 New Single Family Showhomes

Carrington connects with the largest urban pathway system in the world: The Rotary/Mattamy Greenway.

Stay connected with an abundance of walking trails leading along natural water reserves, parks and two future school sites. The Gateway to Carrington features the Greenway Park and Commercial Plaza Village Townhomes area – with a large playground, ½ basketball court, and more. You will also enjoy new architectural elevations, featuring Mountain Contemporary on an inspiring Manor Townhomes collection of Single Family Homes, Townhomes and Rear Lane Duplexes.

From $249,990 From $299,990

SALES CENTRE

907 Windsong Drive 403-980-8765

MATTAMYHOMES.COM/CALGARY

MATTAMYHOMES.COM/CALGARY

14th St & 128th Ave NW (just off Stoney Trail NW)

E R ’ U ED O Y V IT IN

Gr and Opening Saturday September 23rd 12 to 4pm Quarry Park Presentation Gallery: 350 Quarry Park Blvd. SE OUTSTANDING TOWNHOMES IN CALGARY’S PREMIER RIVERSIDE COMMUNITY

Gatestone Townhome Collection provides a unique setting for 15 discerning purchasers, offering an exceptional level of fi nishing and the opportunity for further personalization. Set within the picturesque community of Quarry Park, Gatestone will soon establish the standard for boutique residential excellence.

403.930.6900

quarr ypark.ca

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SEPT 15 – OCT 13, 2017 | VOLUME 20 ISSUE 10

CONTENTS

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ON THE COVER:

BRAD REMINGTON HOMES MY LEGACY PARK II – COMING THIS FALL

8 NextHome.ca

neighbourhood profile VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds MANAGING EDITOR

34

Wayne Karl ACTING ART DIRECTOR

Miguel Cea CONTRIBUTING EDITORS

BRIDGELAND A BEAUTIFUL HILLSIDE NEIGHBOURHOOD

Sonia Bell Elisa Krovblit Lydia McNutt DESIGN EDITOR

Yanic Simard

TRENDING

50 Calgaryism

Tips to help you choose the right home for you

18 Economy

Alberta’s economy gaining momentum

32 Housing Market

Using debt to your advantage; Millennial buying power

40 Recreation

BY CODY BATTERSHILL

INSPIRATION

52 Style File

Style me #BackToSchool

8 September festivals to help say goodbye to summer

IN EVERY ISSUE PROPERTY PROFILES

11

Brad Remington Homes

10 Editor’s Note 30 What’s Online

Award-winning My Legacy Park moves into final phase

DISTRICT MAPS

44 Shane Homes

Multi-Family launches second building for The Mark 101

ADVICE

26 Contemplating Condos

Fido and Fluffy usually welcome in condos

BY LINDA PALFI

33 Mortgage Intel

Should you go for a long-term mortgage?

15 21 25 37 47 55 61 65

SENIOR MEDIA CONSULTANT NEW HOMES

Melanie Gowans 403.200.8462 MEDIA CONSULTANT NEW CONDOS

Natalie Houghton 587.226.1313 SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNERS

Sandra Hanak-Vujnovic, Mike Terentiev Greg Van Sluytman

Southeast Southwest Downtown Northwest Northeast Airdrie Cochrane Okotoks

BY ALYSSA FURTADO

48 Mortgage Mogul Are you working with the right team?

BY JASON ELDRIDGE

Q&A

66 Don R. Campbell

Published by

A brand of Yellow Pages Homes Ltd. Calgary NextHome 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.

Advertising For National Advertising inquiries call 416.263.6783.

Circulation Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments.

Call 1-855.826.4200 to discuss distribution opportunities.

Copyright 2017 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 lydia.mcnutt@ypnexthome.ca.

SEPT 15 - OCT 13, 2017 9

NEXTHOME

EDITOR’S NOTE MORE GOOD NEWS FOR CALGARY

WAYNE KARL MANAGING EDITOR NextHome

SEPTEMBER, BY CALENDAR if not by season, is a month of change. As the days get shorter and temperatures cooler, many people also see this as a period of new beginnings.

Thankfully, this seems to be the case with regard to the Alberta economy and housing market, as the news continues to get better with each passing month. Real GDP growth is expected to hit 3.2 per cent this year, with more modest expansion of 2.1 per cent in 2018. The labour market is adding jobs – about 35,000 over the last 12 months, and net migration to other provinces is slowing.

In the real estate market in the province, housing starts are showing signs of improvement. While starts in August are down over those for July, they are up more than 30 per cent compared to August 2016, according to Canada Mortgage and Housing Corp. Notably, this includes a 45-per-cent gain in single-detached homes, For Calgary, specifically, single-detached starts are up 17 per cent for August 2017 versus August 2016, and for all housing types up nine per cent.

While these metrics might not match the growth of four or five years ago, they are further signs that the economy and housing markets are recovering.

EMAIL: Wayne.Karl@ypnexthome.ca TWITTER: @WayneKarl

+ get social 10 NextHome.ca

Interact with us on social media: nexthome

COVER STORY

AWARD-WINNING MY LEGACY PARK MOVES INTO FINAL PHASE

BY HEATHER RYAN IT HAS CAPTURED THE ATTENTION of buyers with

multiple design awards, memorable radio ads, outstanding value, and incredible prices, so it is not surprising that My Legacy Park and the classic signature “Love It, Live It, Afford It” has been such a hit now in its final stage.

“My Legacy Park is an incredible success story,” says Bryan Logel, vice-president of sales and marketing.

“We started on the journey almost two years ago and had high hopes, but the response exceeded even our expectations.

“We had a great spring, and My Legacy Park was one of the best-selling condo development in the city

– and that was followed by a great summer,” he says.

“It was hard to go anywhere without hearing about My Legacy Park from someone who purchased, from our radio spots, or from the recognition received at the SAM Awards earlier this year.” Brad Remington won the awards for Best New Design Apartment Style Condo up to 699 sq. ft. and Sales Team of the Year – Multi-Family.

“We’re now 90 per cent sold out of the whole development,” Logel says. “It seems like we launched just yesterday and now it’s coming to an end, so if you want a home in My Legacy Park you better hurry before they are gone.”

SEPT 15 - OCT 13, 2017 11

For those who desire immediate possession, there are opportunities in Building 3 available with the award winning Super E, 456-sq.-ft. one-bedroom/one-bath suite priced at $149,000 plus GST and two- and threebedroom/two-bath suites starting at $239,000 plus GST. The final phase in My Legacy Park, Building 4, is under construction, with possessions beginning next spring. There is a variety of suites to choose from including one-, two- and three-bedroom suites starting from an amazing $134,900 plus GST, and buyers still have an opportunity to select their colours.

However, if you miss out on these remaining suites, stay tuned as My Legacy Park II is on the horizon and set to launch in October with new floorplans. The first

12 NextHome.ca

of four buildings will include 72 suites and each home comes with stainless steel appliances, nine-ft. ceilings, stone countertops, one titled parking stall and a personal storage locker. Legal fees will be covered and you can register online for more information.

In the meantime, you’re welcome to visit My Legacy Park’s eight beautiful showsuites, which, Logel says, have “been instrumental for purchasers deciding on a design that fits their lifestyle. There is something for everyone.”

Each home delivers outstanding value with high standards such as nine-ft. ceilings, stone countertops and premium made-in-Alberta, soft-touch cabinets in a choice of colours. Interiors also include full-sized

+ kitchens with a stainless steel appliance package, in-suite laundry, knockdown ceilings and private balconies or patios.

Located in south Calgary’s Legacy community, My Legacy Park is steps away from the ravine and pathway system, a short walk to future neighbourhood shopping, minutes from Stoney and Macleod Trails and close to the LRT and a wide variety of shops, services and dining along Macleod.

LOCATION Legacy

For more information, visit the showsuites at 215 Legacy Blvd. S.E., open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., or visit mylegacypark.com

CONTACT mylegacypark.com

DEVELOPER Brad Remington Homes HOME TYPE Apartment-style condos

SHOWHOMES 215 Legacy Blvd. S.E., Calgary

SEPT 15 - OCT 13, 2017  13

For those who like their zen with a side of zinfandel.

Sometimes you want to stretch and sweat, and sometimes you want to sit and sip—we get it. At Calligraphy, you can do whatever you want, whenever you want.

The only thing you won’t find here is just another ordinary condo.

Condominiums

ON MAHOGANY LAKE

*Prices subject to change without notice. GST excluded.

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STARTING FROM

$235,900* A community developed and constructed by:

Visit our NEW SHOW SUITES at the PRESENTATION CENTRE 1955 Mahogany Boulevard SE | Ph: 587-350-0237 Mon-Thurs: 2pm-8pm, Sat-Sun & Holidays: Noon-5pm; Fri: Closed

WESTMANVILLAGE.com

WVC-5899_7.5x10.5_Calligraphy_YngAdlts_NextHome_SEP8.indd 1

2017-09-08 9:35 AM

Looking for your nexthome?

Browse the latest new homes and condos in your area.

My

ALMOST SOLD OUT. DON’T WAIT!

9ft ceilings Stainless Steel Appliances Stone Countertops Underground Parking High Quality Standards

Visit the eight beautiful new show suites!

215 Legacy Blvd SE | 403.931.8558 2:00-8:00pm Monday-Thursday 12:00-5:00pm Sat-Sun/Holidays mylegacypark.com

TRENDING

ALBERTA’S ECONOMY GAINING MOMENTUM ALBERTA HAS SAID GOODBYE TO THE RECESSION, but it will likely be a few more years before a stronger and more resilient economy fully emerges, accordng to ATB Financial’s latest Alberta Economic Outlook.

Still, there is some improvement with oil and gas, agriculture, food processing, tourism, retail and manufacturing all experiencing modest growth.

The report provides insight into what may happen in the months ahead. The key results are:

• Alberta emerges from two years of recession with real GDP growth of about three per cent • Retail and housing sector performance are higher • Oil prices have dipped, and are expected to average below US$50 in 2017 • Trade talks with U.S. pose a risk to the economy • Tourism, agriculture and agri-food will continue to lead growth, but the oil sector remains the key driver in the province • Net out-migration to other provinces still likely to taper off later this year

“The energy sector continues to be challenged by oil prices hovering below $US50 per barrel,” says Todd Hirsch, ATB Financial’s chief economist. “At those levels, Alberta’s energy sector struggles. Drilling activity and hiring has picked up modestly, but growth in the sector remains tenuous and not likely to snap back to pre-recession levels anytime soon.”

The labour market is adding jobs – approximately 35,000 over the last 12 months (up 1.5 per cent), though positions have tended to be lower paying and hiring in the private sector has been lagging.

“Alberta’s economy is recovering, but it is not returning to what it looked like in 2014,” says Hirsch.

“Instead, the economy is evolving into one that is more diversified, and more typical of other Canadian provinces. It is a slow process and it may be a few more years before we see a full economic recovery.”

ATB Financial’s Economics and Research team is forecasting real GDP growth of 3.2 per cent this year, followed by a more modest expansion of 2.1 per cent in 2018.

HOME / OUR BLOG / SEPT 2017

Top Reasons to Build a Shane Home With over three decades of homebuilding experience we have developed multiple programs and offerings to help your home buying decision.

Here is a list of 5 of the top 10 reasons why building with Shane Homes is the right choice for you:

ON OUR

BLOG

Quality, Local Craftsmanship, and Service

Peace of Mind Guarantee

From start to finish, the Shane Homes team

We are proud to provide industry leading

We guarantee the price of your home

is there to work with you to deliver exactly

quality craftsmanship and a personalized

once the agreement is signed, and

what you are looking for in a new home.

approach to every new home we build.

we guarantee your possession date at framing walk-through to allow for

GET THE FULL STORY!

Love It or Customize It! We have a wide selection of innovative and

peace of mind.

efficient home plans with multiple floor plan

Dedication to Bringing You the Best

options for customers to choose from.

Our dedication to surpassing standards is

The Shane Difference

shown in our certification as a Master Builder

Throughout your journey, you will have a dedicated team to help you through the entire building process.

18 NextHome.ca

and our affiliations with the Canadian Home Builders Association and the Alberta New Home Warranty Program.

Read the expanded article to learn the other 5 reasons at shanehomes.com/our-blog

B E S T

doing well by doing good.

Every company has their own measure. Trico's is deeply rooted in our namesake and core values of Trust, Respect, Integrity, Community and Opportunity.

tric ohome s . c om

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ew

SHOWHOME PARADE

GRAND OPENING

12PM – 5PM, SAT. OCT 14TH

Enjoy the Flavors of Fall!

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AFFORDABLE HOMES IN AN ESTATE COMMUNITY.

490S

(INC. LOT & GST) FROM THE

NuVista Homes | Broadview Homes | Sterling Homes | Trico Homes

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Qualico Communities are built with one thing in mind - you. Our thoughtfully master-planned spaces are built with an intuitive sense of community that nurtures individuals, families and friendships.

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INSIGHT

LAUNCH YOUR LANDSCAPE PLAN THIS FALL & WINTER

BY BRAD JACKMAN With the seasons beginning to change, landscaping may not be a priority for homeowners to contemplate. Landscape 360 would like to highlight a few ideas you can explore over the fall and winter.

Hiring a landscape contractor should be exciting and satisfying. However, it can also be a discouraging time for some homeowners, unsure of where to begin, what you want in your project and who to talk to. Here are a few tips to guide you through a satisfying landscape construction experience.

Have a plan. You can never call a company too early to plan for the following season’s project. Many landscape companies are limited in the number of jobs they can do in a season. Having a plan and 22  NextHome.ca

beginning the process early can allow for your project to be started in your desired time frame.

Have a budget. It is important to understand that quality landscaping requires substantial investments of time and money. Thus having a budget, and planning around that budget will be crucial. It is also not unusual for work to be split up over consecutive summers, easing some of the financial burden while creating your backyard paradise. Depending on what is required for labour, equipment, and materials it may be more or less of an investment one season to the next. With that said it is sometimes more cost effective to do the whole project at once. Booking a consultation with a reputable landscaper will allow

you to see if your budget is in line with your vision.

Hire a professional. Many homeowners underestimate the work associated with landscaping, or the knowledge required to produce a quality outdoor living space. Weekend warriors may be in for a surprise! It is important to hire a firm with extensive experience in the industry, and is a full service landscape company. Find a landscape company that will complete the task from start to finish and handle any subcontracting required.

Know your options. 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 that uses quality equipment, utilizes the best products available and installs everything professionally. Ask to speak with former clients who have had similar projects to the one you’re

considering. Your options include patios, lighting, decks, walkways, garden beds, trees, plants and fences, to irrigation, drainage solutions, boulders, retaining walls, water features, decorative concrete, outdoor cooking and fire pits. There are many choices and it pays to explore all your options carefully.

A stylish functional yard can create a vibrant feel to your home. Be the envy of the block and provide a sanctuary for your family, friends and pets.

Landscaping improves your quality of life, increases the value of your home and adds a little personal flare to your home’s exterior. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect.

Landscape 360 Professional Landscape Construction 403.452.0360, landscape360.ca Like us on facebook SEPT 15 - OCT 13, 2017 23

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ADVICE | CONTEMPLATING CONDOMINIUMS

FIDO AND FLUFFY USUALLY WELCOME IN CONDOS

LINDA PALFI

Keeping a beloved pet was once almost impossible for those retiring from a single-family home to a rental apartment. In fact, anyone renting a home would look high and low and sometimes choose sub-standard accommodation just so their Fido or Fluffy would be permitted to live with them.

With condominium life, however, that has changed.

Most condominiums allow small pets, albeit with strong controls.

Those controls are imposed by the owners themselves through bylaws that have the force of law.

Bylaws are created at annual general or special general meetings, and are administered by the condominium Board of Managers.

Like all laws, these can be changed. Check the bylaws of a new condominium development before you buy, and keep in mind that the new owners could prohibit pets. That’s not

of responsibility shown by petowning residents. Some buildings require pets to be carried through common areas, including lobby, halls and elevators. Silly? Not when you hear of leashed pets being swept away on an elevator after their owner stepped out. That can be fatal for the pet.

Total discretion over pets is often given by bylaws to the Board of Managers. In other words, power rests with most Boards to allow or not allow any specific pet, or to prohibit any particular condo unit owner (or their tenant!) from having a pet.

Most condominiums allow small pets, albeit with strong controls. Those controls are imposed by the owners themselves through bylaws that have the force of law. common, but it is possible. In a long-established condominium, the bylaws have probably served well for many years, so if pets are allowed, that’s not likely to change.

Pets are more easily accommodated, of course, in villa or townhouse condo developments than in highrise apartment condos. In the latter, bylaws sometimes limit pets to 10 kilograms each, and set a limit of one or two per condo home.

Pooper-scooper rules are almost universal, as is the rule of having pets hand-leashed in common areas.

Various other rules are possible, depending on the needs of a particular building and the degree 26 NextHome.ca

Exercised with discretion, that authority can allow a Board to ban troublesome pets, or prevent pet ownership by irresponsible residents, yet can allow most of us to enjoy the company of Fido or Fluffy in our condominium apartment, townhouse or villa home.

Linda Palfi is a condominium specialist realtor with Greater Calgary Real Estate. She sits on multiple condo boards, and is a member of the Inquiry Committee of the Calgary Real Estate Board. Visit condosincalgary.com or call 403.998.7732

+MORE ADVICE ONLINE nexthome.ca/news/advice

LUXU RY H A S A W E S T E N D A D D R E S S

MOVE IN FALL 2017

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HOMES STARTING AT $338,900 AVENUEWESTEND.COM ER

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Any such offering can only be made with a Disclosure Statement. E&OE.

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403.264.1703 Smith17.com

The developer reserves the right to make changes to the information contained herein without notice. E.&O.E.

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2

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WHAT’S ONLINE

TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

DESIGNER YANIC SIMARD TALKS CUSTOM CREATION

SMALL SPACE SURVIVAL TIPS DESIGN PROS TELL ALL!

nexthome.ca/custom-design

nexthome.ca/small-space-survival

BUY EARLY, IT’S WORTH THE WAIT

5 THINGS TO CONSIDER BEFORE GETTING A MORTGAGE

nexthome.ca/buy-early

nexthome.ca/mortgage-tips

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BUY WITH CONFIDENCE IN BRIDGELAND OWN YOUR FIRST HOME FOR AS LOW AS $895 A MONTH*

HOMES STARTING FROM $249,900 UNIT

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SALES CENTRE #5 – 510 EDMONTON TRAIL NE

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Homeownership starting at only $249,900, now is the time to start your future in one of Calgary’s best neighbourhoods.

SPACIOUS HOMES OVER 1,000 SF. STARTING FROM $482,900 UNIT

TYPE

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419

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817 SF

$449,900

403

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574 SF

SOLD

410

3 BED

1119 SF

SOLD

610

3 BED

1119 SF $659,900

101

1 BED

544 SF $279,900

SALES CENTRE #105 - 46 9TH ST. NE

Open Mon to Thu – 12pm - 6pm · Friday – By Appointment Only Sat & Sun – 12pm - 5pm

403.269.2805 BRIDGELANDCROSSINGS.COM

*See sales staff for details. Limited time offer only. The developer reserves the right to make changes to the information contained herein without notice. Pricing and availability may be subject to change. Mortgage base on 20% down at 2.5% fixed rate for 5 year term.

TRENDING

USING DEBT TO YOUR ADVANTAGE GOING INTO DEBT CAN be good

for your retirement. Yes, you read that right For most Canadians, the goal is usually paying down debt – be it a mortgage, car loan or credit cards – not taking on more of it.

But, as Canadians grow increasingly concerned about saving for retirement, they can take note of a key message of a new book from Toronto-based wealth planner and mortgage broker Calum Ross: debt can be a key tool to help you achieve your financial goals.

Indeed, in The Real Estate Retirement Plan: An Investment and Lifestyle Solution for Canadians, by Ross with Simon Giannini, the lesson is clear – real estate, and the debt you take on

to obtain it, can be central to a successful retirement plan.

Written in a clear, understandable and nonintimidating style, The Real Estate Retirement Plan makes a case for borrowing to purchase incomeproducing investment properties, and borrowing to invest in appreciating assets.

Leveraging equity in a principal residence and using it wisely to purchase rental property is the solution to a safe, secure retirement for millions of Canadians. With examples and a detailed discussion of the principles and mechanics, the book helps demystify and make a strong case for borrowing to invest.

“There is such a good thing as good debt,” says Ross.

The Real Estate Retirement Plan is available on amazon.ca

CALGARY MILLENNIALS OWN MORE HOMES THAN THE REST OF CANADA ACCORDING TO THE ROYAL LEPAGE Peak Millennial

Survey, suppressed market conditions and ample supply in Alberta over the last couple of years has given rise to the highest proportion of peak millennial (aged 25 to 30) homeowners in the country, with 42 per cent of respondents owning property.

“By and large, Millennials fare relatively well within the Alberta real estate market if they are prepared for homeownership and are competently managing their

debt levels,” says Dawn Maser, realtor, Royal LePage Benchmark in Calgary. “With commodity prices below their historical averages, market characteristics across the province have slightly stuttered in the past couple of years, resulting in inventory levels building up – particularly in the condominium segment – presenting prime opportunities to many who have managed to save their money through the good times.

CANADIAN MILLENIALS SAID...

87%

believe homeownership is a good investment

69%

hope to own a home in the next five years BUT...

35%

own a home

57%

57% believe they will be able to afford one

50%

are renting

32%

32% stated that they wouldn’t be able to qualify for a mortgage

14%

live with parents

52%

52% believe that they cannot afford a home in their region

IN ALBERTA...

51%

32 NextHome.ca

believe the recent implementation of more stringent mortgage stress tests have impacted the property types that they can afford

44%

do not want to pull the trigger on property ownership in their region due to job uncertainty

ADVICE | MORTGAGE INTEL

SHOULD YOU GET A LONG-TERM MORTGAGE?

ALYSSA FURTADO

With Bank of Canada’s two recent interest rate hikes and the prospect of another one in October, some homeowners wondering if they should get a long-term mortgage.

Expected rate increases can push Government of Canada bond yields higher, and the rate on a fixed mortgage is partly related to the yield on these bonds.

The most common mortgage term is five years, but you can also find terms of six to 10 years. The longer term comes with a higher interest rate, but that’s the price you pay for added security. With some 10-year fixed mortgages having rates of less than four per cent, they look appealing if rates are expected to continue rising.

However, there are a few things you should think about before locking in.

• Potential penalties: If you currently have a mortgage and want to switch to a longer term, you’ll trigger a prepayment penalty. Lenders always include a clause in the mortgage contract that states how much you’ll have to pay if you decide to break your mortgage. Generally speaking, the penalty for fixed-rate mortgages is the greater of three months’ interest or the interest rate differential (IRD).

• Consider a blend and extend mortgage: To get around the prepayment penalty, you could instead opt for a blend and extend

mortgage. Here’s how it works: Let’s say you have two years remaining on the term of your mortgage with a fixed rate of two per cent. You could convert that mortgage into a new loan with a blended interest rate. The rate would be set somewhere between your old rate and what’s currently available. Currently, the rate on a five-year fixed mortgage is around 2.65 per cent, so that means you could potentially get a new rate around 2.3 per cent on a new fiveyear mortgage.

• Things could change: With the economy doing well, some economists believe additional rate hikes are on the horizon. Things may be pointing in that direction, but they’re just predictions. There’s no way of knowing for sure what will happen with the economy and how the Bank of Canada will react.

Without accurate information available, it’s difficult to forecast anything. In other words, there’s no way of telling if getting a longterm mortgage is worth it, since interest rates could go up, go down or remain flat in the future.

Instead of worrying about

what ifs, you can use a mortgage affordability calculator to estimate what your payments will be if rates rise. As long as you build in a bit of a buffer, rising rates won’t affect you much since it’ll still fit within your budget.

• The bottom line: A 10-year mortgage will give you peace of mind, but it’s impossible to say if you’ll save money in the long run. Traditionally, homeowners who have gone with variablerate mortgages have paid less compared to fixed-rate mortgage holders.

If you’re still unsure about what to do, contact with a mortgage broker who can go over all the options with you.

Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards, highinterest savings accounts, chequing accounts, and insurance with the goal to empower Canadians to search smarter and save money.

+MORE ADVICE ONLINE nexthome.ca/news/advice

SEPT 15 - OCT 13, 2017 33

NEIGHBOURHOOD PROFILE

BRIDGELAND A BEAUTIFUL HILLSIDE NEIGHBOURHOOD HOT SPOTS

A P O

BRIDGELAND MARKET

ELISA KROVBLIT

entryways into the neighbourhood is the busy Edmonton Trail NE. Cyclists are not uncommon Bridgeland, but the steep hills make it a difficult ride for novices.

Stocked to the ceilings with fine delicatessen meats and cheeses, specialty food items and delicious locally made products you can’t get anywhere else, this neighbourhood grocer has a great rapport and friendship with locals.

REAL ESTATE

Bridgeland, a beautiful hillside neighbourhood in northeast Calgary, is considered to be a hub for foodies, young entrepreneurs and families alike.

VIBE

Bridgeland has all of the charm of a small town, but it is smack dab next to the downtown core, just separated by the beautiful Bow River. You will see many active members of the community out jogging, cycling and walking with pets. The vibe is 100 per cent local. Surrounded by plenty of family-owned businesses, this neighbourhood revolves around a self-sustaining economy.

PLANES, TRAINS & AUTOMOBILES

Bridgeland is a great neighbourhood to get around by foot, with a great main street (1st Avenue NE) for shopping, dining out and socializing. It is quite busy with car traffic as one of the main 34 NextHome.ca

Infills and condo buildings are starting to pop up in Bridgeland.

Affordable housing options are becoming available, as well as luxury homes. For people looking for a bit more charm, there are still plenty of pre-war homes for the taking – but expect to pay a top dollar for the property.

BLUE STAR DINER Foodies looking for a healthy, locally sourced meal should look no further than Blue Star Diner. Expect a wait.

Order the Blue Star Diner Burger and don’t look back because it’s that good!

IN C C

MEET THE NEIGHBOURS

The residents of Bridgeland are a lovely mix of older residents, young families and professionals.

One of the most vibrant inner city neighbourhoods for children, playgrounds and parks welcome families and their dogs. This healthy cross-section of ages portrays an eclectic and diverse feel, while maintaining a quiet and active community.

BRIDGELAND IS HOME TO:

FAMILIES

COUPLES

SINGLES

16%

33%

51%

SISTER’S HOME Ladies in Bridgeland can add a bit of glamour to their day at Sister’s Home, a local boutique showcasing all that is beautiful. Pretty baubles and cute clothes abound – you’ll never leave empty-handed.

+DID YOU KNOW?

The name “Bridgeland” appeared as a result of the Dominion Bridge Company operating nearby.

PA

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TRENDING

SUMMER SENDOFFS: 8 CALGARY FESTIVALS THIS SEPTEMBER

BY SHANE FLUG The leaves are changing colour and the mornings are getting chillier, which means summer – along with festival season – is coming to a close. However, the remaining weeks also bring last chances to soak in warm days of friends, music, food and culture while you’re settling back into work and school. Here’s a selection of fests happening this month.

CALGARY INTERNATIONAL FILM FESTIVAL

Lights, camera, action! CIFF returns for 12 days of the best in film both worldwide and from here at home.

Highlights include Entanglement, a dark comedy from local screenwriter Jason Filiatrault that follows a young man who uncovers a dark family secret as well as headlining drama Borg/McEnroe, a retelling of the legendary 1980 Wimbledon tennis match that kept the world shouting at its screen.

• When: Sept. 20 to Oct. 1 • Where: Cineplex Eau Claire and Globe Cinema.

Special events at other venues.

• Admission: $15 (single)/$125 (10-pack)/$240 (20-pack)/$300 (festival pass)

demos, local live music acts such as Hello Moth and speakers such as writer and activist Carol J. Adams.

• When: Sept. 23 • Where: Shaw Millennium Park • Admission: Free

CALGARY OKTOBERFEST

KIWANIS APPLE FESTIVAL

Auf Wiedersehen für jetzt, Cowboyhüte. Hallo, lederhosen! Alberta Beer Festivals brings bratwurst, pretzels and wheat beer to Stampede Park, celebrating the best of Bavarian culture. Have a taste of Germany with brewers such as Munich’s Hofbräuhaus and also sip what brewers here at home have to offer. Don’t miss the music, dances, games and more.

• When: Sept. 22 & 23 • Where: Upper Big Four Building, Stampede Park • Admission: $14.99-$19.99 (single day)/$29.99 (weekend pass)

In the mid-20th century, local Kiwanis members would fundraise by selling apples by the basket during Stampede and other events. For the last few years, they’ve been marking the fall by throwing this (golden) delicious fruit its very own themed festival with all fundraising proceeds going towards kids’ programs at Kamp Kiwanis. Take the kids for face painting, baking and pressing. While you’re there, let them be Robin Hood for a day at the apple archery station.

• When: Sept. 23 and 24 • Where: Kamp Kiwanis • Admission: Free

VEGFEST CALGARY

Fall is in the air and we’ll soon be settling in back at work and school. Whether it’s at the carnival or the movie theatre, Calgary festival season has plenty of ways to help give your summer a fun sendoff.

For those who live by the mantra “animals are friends, not food,” this is the festival you’ve been waiting for.

In addition to all the vegan samples, fresh juices and kombucha from local vendors, this inaugural vegan food and lifestyle fest also features live cooking 40 NextHome.ca

This content originally appeared on yp.ca

Q w

EVERYDAY IS TO

DAY As one of the biggest and most established communities in Northwest Calgary, Evanston has 2 new schools within the community, more green space and an environment created for growing family's to flourish.

NEW SHOWHOMES OPEN & NEW LOTS RELEASED TOWNHOMES

LANED HOMES

FRONT GARAGE

FROM THE

FROM THE

FROM THE

$

250S

$

410S

$

470S

• NuVista Homes • Broadview Homes • Pacesetter Homes • Sterling Homes • Trico Homes • Jayman BUILT

Please contact your favourite builder for details or visit qualicocommunities.com/evanston

Qualico Communities are built with one thing in mind - you. Our thoughtfully master-planned spaces are built with an intuitive sense of community that nurtures individuals, families and friendships.

F E S W A O H P N L G A N IN LI L E

S

Picture perfect setting in Calgary’s northwest.

As you look out onto the rolling hills, green spaces, playgrounds and castle-ruin inspired landscapes you’ll be transported to Old-World British Isles. But the moment you pass the community entrance, you have every modern convenience at your fingertips. It’s the best of both worlds – without compromise.

Townhomes with Garage from the $300s Homes with front-attached Garage from the $460s

Homes by Avi Sterling Homes

Morrison Homes Shane Homes Trico Homes

Jayman Built

Cardel Lifestyles

Cedarglen Living

nolanhillunited.com

anthemunited.com

E

PROPERTY PROFILE

SHANE HOMES MULTI-FAMILY

A terrific response by condo buyers who fell in love with the features, quality and neighbourhood convenience offered by Shane Homes’ first multi-family community has prompted the launch of a second building at The Mark 101 in Sage Hill.

Shane Homes Multi-Family has captured the true essence of suburban living in northwest Calgary with The Mark 101 and buyers have been so thrilled with the designs that building one is 90 per cent sold. The Mark 101 building two is now preselling a new collection of eight architecturally-inspired apartment-style condos.

“We’re really excited to launch building two, which has 67 condos, most including heated underground parking, and we recently opened three new showsuites in building one, showcasing the immaculate and 44 NextHome.ca

unique features of the different floor plans available,” says Area Manager Dianne Bidinost.

“When customers visit the showsuites, they are wowed by the quality and designs,” she says, noting the new showsuites include a 610-sq.-ft. one-bedroom with spacious kitchen and oversized bathroom; and two two-bedroom/ two-bathroom plans at 865 and 910 sq. ft.

PHOTOS: EYMERIC WIDLING PHOTOGRAPHY

LAUNCHES SECOND BUILDING FOR THE MARK 101

+ LOCATION Sage Hill DEVELOPER Shane Homes Multi-Family

PHOTOS: EYMERIC WIDLING PHOTOGRAPHY

HOME TYPE Apartment-style condos

SHOWHOMES 3727 Sage Hill Dr. N.W., Calgary CONTACT Dianne, 403.536.2388

“New floorplan designs are now available in building two starting at $199,900 plus GST,” Bidinost says, featuring one-bedroom, one-bedroom plus den and twobedrooms ranging from 600 to 947 sq. ft.

Buyers appreciated that The Mark 101 offers “a number of ‘house-like’ features, such as nine-ft. ceilings on every floor, which allows for six-ft. tall casement/crank windows with transoms above, oversized decks with gas lines and large kitchens with oversized islands available in building one and two with island/ table design options recently introduced to our building two floorplans – all gorgeous features

that Shane Homes has become known for,” she notes.

Kitchens are well-appointed with an almost seven-ft. island or peninsula with breakfast bar, granite counters, stainless steel appliances, real maple shaker style cabinets, pantries and fullheight tile backsplash. All of the suites come with luxury vinyl plank flooring, two-in. blinds and a spacious laundry room with stacked washer/dryers and tons of storage. The Mark 101 also offers four upgraded interior palettes, a secure storage facility and two bicycle storage rooms.

“Besides our high quality features customers love our prime location,” Bidinost says, noting Sage Hill offers great amenities such as parks, playgrounds, pathways and a naturalized pond, along with a variety of shops within walking distance including a Walmart Supercentre, Loblaw’s City Market, services and restaurants. Additional shopping is available only a short drive away at Beacon Hill and Nolan Hill.

The Mark 101 is also conveniently located minutes to Stoney Trail and 15 minutes from the airport.

The public is invited to attend a special event on October 1st from noon to 4 p.m. to celebrate the grand opening of The Mark 101’s new showsuites and the launch of building two. A variety of food trucks will be serving lunch and First Calgary will be onsite for mortgage pre-approval with an interest rate guaranteed until your possession date.

For more information on The Mark 101, visit the sales center and showsuites at 3727 Sage Hill Dr. N.W., open Monday to Thursday, 2-8 p.m., and weekends and holidays, noon-5 p.m., call 403-536-2388 or visit www.themark101.com.

SEPT 15 - OCT 13, 2017 45

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HOT PROPERTIES / CALGARY AREA 2

NORTH EAST

EAST

1A

564

12

7

6

3

1A

1

2

Calgary

8

4

Strathmore 11

Chestermere 5

1

9 10 797

560

1

Langdon 22X

Heritage Pointe

B

NOTE: Please match map numbers with property listings.

NEW HOMES

NEW CONDOS

1. SADDLESTONE

6. LIVINGSTON

By: Genesis Land Development Corp.

Builders: Genesis Builders Group saddlestonecalgary.com

By: Brookfield Residential Builders: Homes by Avi, Brookfield Okotoks BlackMorrison Homes, JaymanBuilt, Residential, Diamond Cedarglen Homes MAVERICK by Avi Urban brookfieldresidential.com

ow

River

2. CORNERSTONE By: Walton Development Builders: Jayman BUILT, Shane Homes, Morrison Homes, Truman Homes, Pacesetter Homes liveatcornerstone.ca

3. REDSTONE By: Qualico Communities Builders: Broadview Homes, NuVista Homes, Pacesetter Homes, Jayman BUILT, Trico Homes, Creations by Shane Homes, Shane Homes (Shane showhome to be built in spring) calgary.qualicocommunities.com/ redstone

4. CITYSCAPE By: Mattamy Homes Builders: Mattamy Homes mattamyhomes.com

5. SAVANNA IN SADDLE RIDGE By: Genstar Development Co. Builders: Cardel Homes, Homes by Avi, Excel Homes, Arcuri Homes, Rohit Communities genstar.com/calgary/savanna

7. SKYVIEW RANCH By: Brookfield Residential Builders: Arrive by Partners Developments

8. CHESTERMERE RAINBOW 2 FALLS By: Truman Developments Builder: Jager Homes, Lionsworthe Homes, Douglas Homes, ReidBuilt Homes

9. KINNIBURGH By: Pollyco Developments Builders: Stepper Homes, Canterra custom homes, Sterling Homes, Lifestyle Homes, Douglas Homes, Westridge Fine Homes, Broadview Homes, ReidBuilt Homes, Sunstar Homes, Jager Homes

10. LAKEPOINTE By: Mattamy Homes Builder: Mattamy Homes Location: Sales centre 400 Westpark Dr. mattamyhomes.com

11. STRATHMORE THE RANCH IN STRATHMORE By: United Builders: Jager Homes and WestView Builders theranchunited.com

12. LYALTA THE LAKES OF MUIRFIELD Builders: Douglas Homes, Today’s Homes, Ribero Homes and Compass Rose Homes lakesofmuirfield.com

SEPT 15 - OCT 13, 2017 47

1

ADVICE | MORTGAGE MOGUL

ARE YOU WORKING WITH THE RIGHT TEAM?

BY JASON ELDRIDGE

As a first-time homebuyer, to say the task of purchasing your first home can be a little daunting could be putting it mildly. Making sure you are surrounded by the right team of professionals can make all the difference from start to finish. So, where to begin?

Getting pre-approved for your mortgage financing is a critical first step. By doing so, you not only know what your purchasing power is, but you also know your mortgage rates are going to be held for a minimum of 90 days, which will protect you if rates go up during that time. As well, most realtors and or builders prefer if you have already been preapproved for your mortgage.

As soon as your mortgage preapproval is in place, you will likely want to work with a realtor to help you find your first home. Based on your budget, the location, style, size and other requirements you may have for your future home, a real estate professional will be able to help you find the perfect place. They will also help you with the negotiation process that will undoubtedly occur with most purchase transactions.

After the purchase price has been agreed upon by all parties involved, you may choose to get a home inspection done for your own piece of mind as part of the conditions of buying that home. By having a home inspection completed, you will know if your future home either require immediately, or will be

subject to any costly repairs in the near future.

Now that all of the conditions have been met as per your purchase contract, you will need to get property insurance.

Speaking with the company that holds your car or life insurance may be an excellent start. If you are looking to see if you can acquire better coverage at a lower cost, you may wish to seek the service of an insurance broker.

Like a mortgage broker, they will shop your application to several different companies looking for the best price and coverage.

Once you have negotiated a purchase contract, and have acquired a full approval on your mortgage financing, you will need to seek the services of a real estate lawyer. Like any professional, not all are created equal, so calling around or getting referrals from friends and family could be very helpful. Getting quotes, and finding out if they have time to work with you is very important as purchasing a home can be a time sensitive situation. Some lawyers

offer an “all inclusive” fee for purchasing a home, while others may have a standard fee plus additional costs depending on the complexity of the purchase and the requirements of the financial institution providing the mortgage.

By working with the right group of people to assist you with your first home purchase, you will find that if or when the time comes to sell and or purchase another property, you will be that more confident going through the process once again.

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 jason@axiommortgage.ca jason.axiommortgage.ca

+MORE ADVICE ONLINE nexthome.ca/news/advice

48 NextHome.ca

JAY-5717

Buying in Cochrane can save you up to $ , .* That’s a degree for your child.

When you purchase a home in Cochrane, you can find the same great homes found in the city, for less. Meaning you get more in your pocket to save for when it’s time for your kids to start college.

FRONT DRIVE

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TOWNHOME

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To learn more about our homes, the communities they’re built in, or to find a showhome, visit Jayman.com/LiveInCochrane

* Save up to $100,000 when comparing an Emerge 26 and an Emerge 26-4 between Evanston & Heartland. Price subject to change.

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2017-07-06 9:27 AM

ADVICE | CALGARYISM

CALGARY NEW-HOME BUYERS’ GUIDE: 5 TIPS TO HELP YOU DECIDE

CODY BATTERSHILL

Are you thinking about buying a new home in Calgary some time soon? Whether you’re building from the ground up or are buying an existing residence, you’ll want to make sure that you choose the right house and end up 100 per cent satisfied with your purchase.

So, how do you know if the house you’re considering is good for you? Here are steps you can take to ensure that you end up choosing the right one.

1 Building a new house The starting point when building from the ground up is lot choice.

There are three main things you need to know about your lot: Price, lot coverage and what (if any) architectural controls there are in place.

A lot with wider dimensions and away from a main highway is likely to cost more than a narrower one with a sound-barrier as its back fence, for example. A bigger lot may be ideal if you’re looking for more backyard space for the kids or to entertain guests. It also may give you more options when it comes to floorplans.

Lot coverage is determined by the lot developer (usually a different company than the home builder) and dictates how long and wide your home can be.

50 NextHome.ca

New suburban home builders typically have pre-existing builds which already comply with the lot coverage for a specified lot. Keep in mind that the allowable length and width can restrict which floorplans there are to choose from, as some of these require the homes dimensions to be expanded.

Architectural controls are a set of rules made by the developer that determine the design details of new homes. Some examples include the type of exterior, allowable colours, type of roofs and architectural style all together.

New home builders will be familiar with all architectural controls in

new suburban communities and provide several design options if you choose to build from the ground up. It’s important you choose a community with architectural controls that you like!

2 Selecting from floorplans Some new-home buyers prefer to browse floorplans before considering the lot. Builders always have a vast selection of plans to choose from; it’s important that you take your time and really consider what features will fit your lifestyle best – not just now, but in two, five and even 10 years down the road. Some important questions to ask:

» How long do you plan to stay in your home? » Do you plan on having kids in the future? » Do you plan on having pets in the future? » Do you enjoy entertaining guests on a regular basis? » Do you like to play sports such as billiards or darts at home?

Answering these questions and any others you can think of will help guide you to picking a space that has the size necessary to grow into and layout that’s compatible with your life. The amount of additional rooms and other functional spaces you end up getting will also affect your resale value down the road.

Changing the floorplan can sometimes change the exterior look of the home. I recommend you determine what inside features you want first before considering exterior aesthetics, as the living space is much more important.

New home builders will typically have a few show suites to give you an idea of the floorplan and interior features. Make sure to visit them all as well as many inventory homes if possible. If the floorplan you’re considering is different from the showhome, try to imagine

what the space would look like.

3 Finishings One of the most exciting parts about buying a new home is getting to have a say in the finishings. While most floorplans are pre-determined and customization is somewhat limited, there’s typically much more leeway when it comes selection of finishings. Some considerations: » Granite, quartz or stone countertops » Kitchen, bathroom and lighting fixtures » Wood, tile, carpet or stone flooring » Doors and trim » Paint colours » Kitchen and bathroom cabinetry » Appliance package » Window treatments – blinds, shutters » Architectural detailing

4 Storage options Once again, make sure to visit as many model homes from the home builder as possible. Not just one or two, but as many as you can! Home builders typically add a ton of upgrades to showhomes

which are chosen based on past demographics for that particular market.

Visiting all the model homes available will give you an idea of how upgrades look in actual spaces and can help you determine exactly which ones you want in your home. Ask for a feature sheet that outlines which ones are add-ons and keep track of any you do like for further consideration later on.

There are a number of online resources that can help you determine which look you want in your home. Pinterest and Houzz are two websites that offer inspiring photographs of finished interiors. The home builder’s design centre will also give you several ideas of how to combine flooring, paint, trim and other finishings. It’s worth taking a visit before your actual design appointment to get an idea of what you want.

5 Use an experienced buyers’ agent Last, but not least, is to enlist the services of a real estate agent who has extensive experience in helping people buy new homes from builders. At the end of the day, the home builders’ representatives work for the company, not for you, therefore, its best to have a third-party representative with you when visiting the sales centre or show suite.

An experienced real estate agent will have your best interests at heart and help guide you through every step of the way, not to mention that they are paid by the home builder for their services – not by you! Ask your agent of choice for more information on how they can help you traverse a new home purchase with success.

Wishing you much success on your next new home hunt in Calgary!

SEPT 15 - OCT 13, 2017 51

INSPIRATION | STYLE FILE

STYLE ME #BACKTOSCHOOL

BY ELISA KROVBLIT

THE KIDS ARE HEADED BACK TO SCHOOL, the grown-ups are back to work, and the lazy days of summer are coming to a close. Whether you’re moving or just getting organized for the busy fall season, here are some super-cool finds to help you get back to business.

No Prob Llama Duvet Set $17 twin/queen walmart.ca

Expressions Pillow Covers 18 by 18 in. $40 each chapters.indigo.ca

Kinzey Glasses (set of 4) $29 Kinzey Serving Tray $30 crateandbarrel.ca

Braided Hemp Pouf $129 cb2.ca

Dry-Erase Bistro Style Notes Decal with Marker $30 bedbathandbeyond.ca

Chevron Storage Basket $30 homesense.ca

52 NextHome.ca

a

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A NEIGHBOURHOOD TO LOVE A COMMUNITY TO

grow in

N

New Showhomes Now Open & New Lots Released

TOWNHOMES

DUPLEXES

LANED HOMES

FROM THE

FROM THE

FROM THE

$ A I R D R I E

FRONT GARAGE FROM THE

SEMI-ESTATE FROM THE

250’S $320’S $340’S $440’S $500’S

NuVista Homes | Broadview Homes | McKee Homes | Pacesetter Homes | ZEN by Avalon MB

Located in Southeast Airdrie, also easy commute to Calgary and close access to downtown Airdrie's dining and shopping. Ravenswood has welcoming streets, parks and pathways, larger lots, and with new lower pricing, maybe it's time for you to discover the value of Ravenswood.

Please contact your favourite builder for more info, or visit qualicocommunities.com/ravenswood

Qualico Communities are built with one thing in mind - you. Our thoughtfully master-planned spaces are built with an intuitive sense of community that nurtures individuals, families and friendships.

We love that Ravenswood is so close to schools and all the parks & open spaces.

It’s a quiet, easy going, relaxed place. Ravenswood is a great place to settle down and raise a family.

Lorinde & Patrick Homeowners since 2016

AIRDRIE

11

6

Elizabeth II Hw y Quee n

ood is all es. , wood

HOT PROPERTIES / CALGARY AREA

10 1 8

7 3 2

7. PIER 11 By: Genesis Land Development Corp.

Builders: Genesis Builder Group pier11airdrie.com

4 5

9

8. MIDTOWN NOTE: Please match map numbers with property listings.

NEW HOMES

NEW CONDOS

By: Wenzel Developments & Apex Developments Builders: Shane Homes, Excel Homes, Trico Homes midtowninairdrie.com

1. BAYSIDE ESTATES

4. HILLCREST

By: Genesis Land Development Corp.

Builders: McKee Homes, ReidBuilt Homes genesisland.com

By: Apex Developments Builders: Excel Homes, Shane Homes, McKee Homes hillcrestairdrie.com

9. THE GATES AT HILLCREST

5. SOUTHWINDS

10. CREEKSIDE CREEKSIDE VILLAGE by Carlisle

2. RAVENSWOOD By: Qualico Builders: NuVista, McKee Homes, Pacesetter, Broadview ZEN RAVENSWOOD by Avalon Master Builder ravenswoodairdrie.com

3. COOPER’S CROSSING By: Westmark Holdings Builders: McKee Homes, Trico Homes, Vesta Properties, Canterra Custom Homes, Crystal Creek Homes and Harder Homes, Lifestyle Homes cooperscrossing.ca

By: Mattamy Homes Builders: Mattamy Homes mattamyhomes.com/calgary

6. CANALS LANDING By: Genesis Land Development Corp.

Builders: ReidBuilt Homes, Mckee Homes, Crystal Creek Homes, Genesis Builders Group, WestView Builders CANALS by Slokker Homes genesisland.com

By: Mattamy Homes Builder: Mattamy Homes mattamyhome.ca/calgary

Group

11. GEORGETOWN @ Reunion by Slokker Homes

12. VISTA CROSSING IN CROSSFIELD By: Dream Development Builders: McKee Homes, Reidbuilt Homes, Homes by Dream vistacrossing.ca

ily.

16

SEPT 15 - OCT 13, 2017 55

LUNCH CROWD Laned homes

Front-drive homes

LIMITED QUANTITY

LIMITED QUANTITY

299,900 $399,900

$

including GST

including GST

Journey Back. Live Forward.

Welcome to Vista Crossing, where life is simplified in a most sophisticated way.

A place where you can unplug and connect with what really matters. Where schools are just a short walk away and lunchtimes are something the entire family can enjoy together at home. Located just 35 minutes from downtown Calgary, your exceptional home awaits in this masterfully planned community.

Discover Crossfield.

7 Showhomes to view!

Vista Crossing

Crossfield

10-22 Amery Crescent Crossfield, Alberta

Queen Elizabeth II Hwy

Airdrie 8 minutes away

Alberta 2A

Limit Ave.

MCKEE HOMES REIDBUILT HOMES HOMES BY DREAM

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NEW HOMES

NEW CONDOS

1. FIRESIDE

4. RIVERSONG

By: La Vita Land Builders: Calbridge, Janssen, Kingsmith, Landmark, ReidBuilt Homes firesidecochrane.com

By: Tamani Communities Builders: Jayman BUILT, Trico Homes, THE RISE by Jayman Modus riversongcochrane.com

2. HEARTLAND

5. JUMPING POUND RIDGE

By: Apex Developments Builders: Excel Homes, Jayman BUILT, BRAND by Birchwood Properties heartlandcochrane.com

By Slokker Homes jumpingpound.com

3. THE WILLOWS OF RIVER HEIGHTS By: La Vita Land Inc. Builders: Janssen Homes, Kingsmith Homes, NuVista Homes and Sterling Homes thewillowscochrane.com

SEPT 15 - OCT 13, 2017  61

Triple Pane Windows

Large Ensuites with Dual Vanities

Full-sized Laundry Room

Fully Landscaped Yard Including Fence

Life-time Warranty Hot Water Tank

More than you wanted.

Less than you imagined.

OWN YOUR HOME FROM $1,362/MONTH

1516 CORNERSTONE BLVD NE • (403) 474-8544 SHOWHOME HOURS: MON-THURS 2-8PM, SAT & SUN 12-5PM, FRI CLOSED *Price of home includes home, lot and GST. Subject to change without notice.

Next Home - Full Page - Chinese Cstone Town Ad.indd 1

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FINAL PHASE NOW SELLING!

LANED HOMES

Call for details 403-938-2504

• Best Value!

• 9’ ceilings/ Open Concept • Energy efficient features • Quartz Countertop

From the

$380s

• Stainless steel Appliances

BUNGALOWS

Call Corey 403-919-9193

• Berkshire Bungalow • Open concept kitchen and living space • Basement development included • 3 bedrooms, 2.5 bathrooms • 1,800 SF of living space

From

$449,900

2-STOREY HOMES

Call Luiza 403-995-7061

• The Dawson • 1,657 SF • Large open concept plan • Bonus room + second floor laundry

From the

$450s

• 5 piece ensuite

Visit a show home today! Take Milligan Drive East to Drake Landing Blvd. | DRAKEUNITED.COM

anthemunited.com

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HOT PROPERTIES / CALGARY AREA

OKOTOKS

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NEW HOMES

NEW CONDOS

1. RANCHERS’ RISE

4. HIGH RIVER MONTROSE

By: Bordeaux Developments Builders: Baywest Homes, Sterling Homes, Wolverine Custom Homes okotoksranchersrise.com

By: Dream Development Builder: Lifestyle Homes, Red Door Homes escapethecity.ca

2. DRAKE LANDING

5. HERITAGE POINTE ARTESIA AT HERITAGE POINTE

By: United Communities Builders: Lifestyle Homes, Sterling Homes, Prominent Homes drakeunited.com

By: Heritage Pointe Properties Inc. Builders: Astoria Custom Homes, Albi Homes, Calbridge Homes liveatartesia.com

3. MOUNTAINVIEW By: Apex Developments Builders: Excel Homes, Sterling Homes mountainviewokotoks.com

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THE LAST WORD

Q&A WITH

DON R. CAMPBELL REAL ESTATE INVESTOR, EDUCATOR AND AUTHOR

BY WAYNE KARL

WHEN IT COMES TO REAL ESTATE INFORMATION AND RESEARCH, FEW PEOPLE ARE AS WELL READ AND OBJECTIVE AS DON CAMPBELL. NEXTHOME GETS HIS TAKE ON WHAT’S HAPPENING IN VARIOUS MARKETS ACROSS CANADA

NEXTHOME: We’re supposed to see a National Housing Strategy at some point this year. What do you expect from it?

DON CAMPBELL: Given the “optically driven” policy decisions we are witnessing across the country, it is really anyone’s guess what the announcements will be. But when the policies are announced and details released, we will be analyzing it in great detail.

NH: Alberta seems to be

approaching a recovery. How long will it take to turn the corner, and which markets will show decent growth first?

66 NextHome.ca

DC: Alberta had an amazing last couple of decades of economic and demographic growth. In fact, they still have the highest average weekly wage in the country, despite it dropping significantly over the last two years. When you combine the decline in oil prices, the increase in the discount that Canadian oil is sold at, the inability for eastern Canada to see that buying oil from internationally questionable sources rather than from fellow Canadians, Alberta’s economy has struggled and so has its housing and rental markets.

However, Edmonton has been protected from the worst of the downturn and will be the first to recover as the economy begins to re-ignite as its economy is much more diverse than other areas of the province.

government and the stated goal of reviewing the current tax, we will see a swarm of capital entering the market again to get ahead of any further changes or tightening.

NH: What other issues are emerging that may impact markets in BC?

NH: It’s been a year since Vancouver introduced a Foreign Buyers’ Tax. What has been the real, overall impact on the market there?

DC: Affordability of ground oriented units for families will be a growing problem. This will push people further out from the core regions and put a big demand on infrastructure spending (whether it be for light rail or road expansion.

This is inevitable. However, we must factor in the government change as a market dynamic to watch. Policies matter, as Ontario is discovering and BC’s new government needs to ensure that it is designing and implementing policies that have a long-term positive impact on renters and homeowners, and to not just make expedient announcements for optical reasons.

DC: There was the expected lull in activity, especially in the $2 million-plus value category, but that capital has started to flow back in. And given the change in

The fact is, we live in interesting times, and, frankly, after analyzing markets for more than 25 years, Canada always seems to be living in interesting times.

My HURRY, OVER 90% SOLD! BILD Calgary Region

- 2016 -

Best Selling Development in Calgary...

CONDOS FROM THE LOW

$100

VISIT THE SALES CENTRE TODAY 215 Legacy Blvd SE | 403.931.8558 mylegacypark.com 2:00-8:00pm Monday-Thursday 12:00-5:00pm Sat-Sun/Holidays

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