Apr 26 - May 24, 2013 Volume 21 Issue 05
Edmonton Edition
inside this issue
ECG_CVR 04-26-2013.indd 1
MORTGAGES: WHAT YOU NEED TO KNOW
ALBERTA SCHOOLS RISE IN RANKINGS
NEW HOMES EXCEL IN ENERGY EFFICIENCY
4/19/13 12:48:39 PM
MORE TIME MORE CHOICE
MORE FREEDOM more freedom Sales Centre NOW OPEN! More time more choice
The Name In Active Adult Living Villas at Lacombe Park • St. Albert With over 30 years of experience creating award winning multifamily urban villages for adults Edmonton Edition
and seniors, Christenson xR rou more than just a home.
5-WEEK ISSUE
Dec 3, 2011 - Jan 7, 2012
Volume 15 Issue 22
Located in the beautiful community of Lacombe Park Estates in Developments has beenPark providing andPark surrounding Located in at the beautiful community of adult Lacombe Estates in with St.Albert, Villas Lacombe will be aEdmonton new bungalow St.Albert, Villas premium at Lacombe Park hardwood will be a new adult bungalow community boasting finishings, and ceramic community finishings, hardwood and ceramic flooring, finished boasting basementspremium and seasonal maintenance services flooring, and all so you canfinished enjoy thebasements finer things in life.seasonal maintenance services all so you can enjoy the finer things in life. Now selling, visit usNow at the Sherwood HomePark at Estates, 88 Lacombe Drive Sales Center Open! Visit Park us inShow Lacombe #51, 4001 Eton Blvd or call 780.903.2465 for more information. or call 780.903.2465 for more information. Open Mon-Thurs 1-6pm and Show Home open Mon-Thurs 1-6pm and Weekends 1-5pm. Visit Weekends 1-5pm. Visit us online at CDLHomes.com online at CDLHomes.com
McCrae Estates In Griesbach
McCrae Estates
• Executive PH: 780.406.7530 Condos Edmonton, Located In Award Winning • 979 - 1457 sq. ft. Village at Griesbach
• Bright spacious floor plans
Reflections
Eton Park Villas
PH: 780.975.8866 Sherwood Park, At Centre In The Park
PH: 780.903.2465 Sherwood Park, Adult Bungalows, Only 3 Remaining!
Includes: Includes: Includes: • Air-conditioning, 6 appliances • Spacious floorplans • Concrete and steel construction • Finished basements and GST • Premiumungerground finishings • Stainless steel appliances • Heated parking• Stainless steel appliances • 6 Appliances • Hardwood, granite, & ceramics • Granite, hardwood, ceramics SHOWHOME NOW OPEN • Underground available Show Suiteparking NOW OPEN! • Staring from $259,800 4450 McCrae• Immediate Avenuepossessions | 780.406.7530 Located in the Village at Griesbach, the easy choice for any Active Adult.
Other Villa Communities Other Villa Communities Eton Park Villas Avalon VillasAvalon Villas • Leduc Eton Park Villas • Sherwood Park Other Villa Communities 780.903.2465Leduc 780.995.3713 Sherwood Park Eton Park Villas • Sherwood Park Avalon Villas • Leduc • 780.903.2465 • 780.995.3713 780.903.2465 780.995.3713 INSIDE THIS ISSUE
sat. gaz. march 23/13 (a1) process 2 002-003-Christenson Dev 03-30-13.indd
MAINTENANCE FEES, A TRUE BARGAIN
HOLIDAY GUIDE: DECORATING
THE VIEW: WHAT ARE YOU LOOKING AT?
4/19/13 11:55:02 AM
G u i d i n g P e o p l e H o m e Fo r O ve r 3 0 Ye a r s
NO MATTER WHERE YOU LOOK Citadel Village Villas At Lacombe Park CHRISTENSON DEVELOPMENTS IS THERE McCrae Estates ST.ALBERT
Emerald Hills Eton Park Villas Eton Park Estates
Alta Vista Glastonbury Village
EDMONTON SHERWOOD PARK
Southwoods Center At The Park Bedford Village Reflections
Legend
LEDUC
Devonshire Village
Villas/Bungalows
Villas/Bungalows Estate Condos
Avalon Villas
VILLAS/BUNGALOWS
Senior Community
ESTATE CONDOS
Estate Condos
SENIOR LIVING
Senior Living
Eton Park Villas 780.903.2465
Alta Vista 780.497.7245
Glastonbury Village 780.934.6636
•Villas 780.903.2465 at Lacombe Park
• 780.497.7245 McCrae Estates 780.406.7530 McCrae Estates
• 780.934.6636 Bedford Village 780.410.0004 Bedford Village
Eton Park Villas
780.903.2465 Villas At Lacombe Park •Avalon 780.903.2465 Villas
780.995.3713 Avalon Villas • 780.995.3713
Alta Vista
• 780.406.7530 Refl ections 780.410.0004 Reflections • 780.975.8866
Eton Park Estates Eton Park Estates 780.410.0004 • 780.975.8866
Glastonbury Village
• 780.975.8866 Citadel Village 780.934.6636 Citadel Village • 780.934.6636
Devonshire Village Devonshire Village 780.934.6636 • 780.934.6636
Southwoods Southwoods 780.432.3222
• 780.432.3222
VISIT A SHOW SUITE TODAY CALL FOR MORE INFORMATION NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 3
victory park townhomes Located in Village of Griesbach which received Best Subdivision and Amenities Awards
UP TO
2000
+sq.ft. finished area
visit show home for details
PRICES FROM THE $330’s Features Include: 2, 3 & 4 Bedroom Townhomes 24’ Deep Detached Garages Granite and Stainless Steel Kitchens Full Basements & Big Yards Classic Craftsman Styling ■ ■ ■ ■ ■
ictory Park is located across from V Central Hill Park which features: Naturalized Tree Groves Toboggan Hill Natural Play area Community Garden Lookout with Walkways and Rock Terraces ■ ■ ■ ■ ■
immediate possession available for: Unit 2 1260 Sqft 3 Bedrooms, 2.5 Baths Oversized Double Garage Granite, Laminate and More Low $300’s Immediate Possession ■ ■ ■ ■ ■ ■
■
■
■
■
■
3 SHOW suites
now open
UNIT 10 2024 Sqft 4 Bedrooms, 3.5 Baths Double Garage Granite, Laminate & More
■
■
■
■ ■
VictoryTownHomes.com Call Paul Fitzsimmons:
780.982.6656 4 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
■ ■
153 Ave.
Show Suite Hours Mon-Thurs 3 to 7pm Weekends 1 to 5pm
Fully Finished Basement End Unit Mid $300’s Immediate Possession
■
VICTORY LANE
Sir Arthur Currie Way Future home of Victory Park
DeWolf Rd. 137 Ave.
97 Street
■
Pegasus Blvd.
Fully Finished Basement Immediate Possession Mid $300’s
■
Castle Downs Rd.
UNIT 5 1700 Sqft 4 Bedrooms, 3.5 Baths Double Garage Granite, Laminate & More
victory Point
wiNdSor ParK
sHow suite For sale
best Value in
■ ■ ■
■ ■ ■
■
■ ■ ■
Lake Views 1109 sqft 2 beds 2 baths Gate off Patio to access lake Immediate Possession
Immediate Possession Steel & Concrete Construction & 9 Foot Ceilings Maple Cabinets, Porcelain Tile, Laminate Floors, Granite Counters Central Air Conditioning & Stainless Steel Kitchen Appliances Beautiful Central Courtyard with Gazebo Underground Heated Parking & Storage Fitness, Amenity Rooms & Roof Top Garden
sHow suite
POINT
ult
Blv
d.
97 Street
VICTORY Ga
Griesb Paradach e
Castle Downs Rd.
153 Ave.
1003 Gault Blvd Mon & Wed 3 to 7pm Weekends 1 to 5pm
137 Ave.
sHerwood ParK Great First Home or Home base For snowbirds!
2 bdrms From $250’s ■ ■ ■
Granite counters throughout Maple cabinetry Laminate and tile flooring
sHow suite Hours
immediate poSSeSSioN
Weekends 1 to 5pm
Jim Common Dr. Park Pentecostal Church
Charlotte Way
Show Suite
Crimson Dr.
■
Brower Dr.
■
Baseline Rd.
VictoryPoint.ca call Paul Fitzsimmons:
780.982.6656 or 780.989.1110
liVeatwindsorParK.com 273 cHarlotte way, sHerwood ParK
780.974.4757
viSit aBBeyLaNeHomeS.com 5
BEST TOWNHOME VALUE IN AMBLESIDE frOM
271,400 + G S T
$
The Lillium - 3 bedroom two-storey
2 bedroom 3 storey with heated garage; 1551 sq ft finished 3 bedroom 2 storey with heated garage; 1344 sq ft finished optional 586 sq ft lower level development • 2.5 baths • 9’ ceilings • Full height ceramic tile backsplash • Stainless steel appliances • Washer and dryer • Quartz countertop • Shag carpeting • Laminate and ceramic tile flooring • Maintenance free living (includes snow removal and landscape maintenance)
from
An exclusive collection of 2 & 3 bedroom townhomes with garage surrounded by AN ABUNDANCE OF GREEN PARK SPACE, FUTURE SCHOOL SITE, AND PLAYGROUND • Next to a 4 acre park, future school/park space and near a community pond with walking trails, landscaping, benches and viewing areas • Short walk to the new VIP Cineplex, grocery stores, restaurants, retail and dental/medical in the Currents shopping centre
$1230/month 2 bedroom $271,400 +GST
Qualifying income $54,383 From
CURRENTS RETAIL
$1346/month 3 bedroom $297,010 +GST
Qualifying income $59,2332
PARK /PLAYGROUND PARK
POND PATHWAYS
r.
nD
Alla Anderson Way
Ellerslie Rd.
MOVE IN NOW youareeve.com
3710 Allan Drive SW Mon-Thurs 2-8 pm Sat-Sun & holidays 12-5 pm 587.520.1563
6
March Eve Condo Guide.indd 1
4/19/2013 11:44:13 AM
2.54% FINANCING
• JUST RELEASED •
Jayman Financial
ARRIVE IN ST YLE, L I V E I N S U B S TA N C E
R The Ion in Ambleside. A choices up to 965 sq ft. With 4 outstanding decor themes and prime corner suites (limited) overlooking the pond/pathways The Ion is the ultimate upgrade or downsize. Just a short walk from the new VIP cineplex, grocery stores, restaurants, retail and medical in the new Currents shopping centre you are at the center of it all. Also, make sure to bring everyone, pets are welcomed!
1 bedroom from
186,482 $ 419,660
$
2 bedroom up to
+gst
+gst
Water and City
Allan Dr.
ill Rd bit H
Anderson Way
Rab
Windermere Dr.
.
3
Ellerslie Rd.
PREMIUM A’LA CARTE FEATURES HOUSED UNDER 9’ CEILING
• Energy Star stainless steel appliances* (includes bottom mount fridge, convection oven, microwave and dish washer) • Modern entertainment suite with •E 10’ TV screen for social gatherings • Quartz waterfall countertops* • Courtyard with BBQ area that • Shag carpeting * • Washer and Dryer • Storage area comfortably seats 20 • 42” cabinets • Large windows • Fully equipped Life Fitness exercise room • Gas line RI on balcony • Guest suite for visiting relatives • Vehicle facilities – Underground, above and visitor parking MOVE IN SUMMER • Contemporary blind package
AMENITIES THAT BALANCE YOUR LIFESTYLE
ioncondos.com
•••
2584 Anderson Way SW • Mon-Thurs 2-8pm • Fri-Sun & Holidays Noon - 5 pm • 780.756.3881 *MONTHLY PAYMENTS AND QUALIFYING INCOME BASED ON 5% DOWN PAYMENT, 3 YEAR AT 2.54%, 6 MONTH RATE HOLD 25 YEAR AMORTIZATION AND DOES NOT INCLUDE CONDO FEES AND PROPERTY TAX. INSURANCE PREMIUMS APPLY. RATES ARE SUBJECT TO CHANGE WITHOUT NOTICE. SOME CONDITIONS APPLY. CLIENTS MAY HAVE TO QUALIFY AT A HIGHER RATE. O.A.C., E. & O.E.
TABLE OF CONTENTS
April 26 to May 24, 2013 VOLUME 21 ISSUE 5
30 THE SIGNATURE
by Westrich Pacific
COLUMNS, NEWS & FEATURES
58 018 EDITOR’S NOTE COLUMNS
020 MORTGAGE TALK What you need to know about mortgages BY MICHELLE ORANCHUK
026 MAKE YOUR MOVE How to safely move pool tables and pianos BY DAN HOPKINS
050 QUICK TIPS A dose of reality
BY HELLEN BUTTIGIEG
072 CHBA - ALBERTA Today’s new homes excel in energy efficiency
084 BMO First-time buyers putting down an average 16 per cent on their homes
090 FUNDAMENTALLY SPEAKING Proximity to infrastructure more important than ever
086 CIBC Canadians think the time is right to lock in a fixed rate mortgage
BY JIM RIVAIT
BY WAYNE KARL
IN THE NEWS
044 GENWORTH First-time homebuyers showing their rational side 048 EDUCATION Alberta elementary schools score improvement
FEATURES
042 GREEN LIVING Tips to Green your daily life 058 PROJECT PROFILE Live well at Victory Park
Vice-President, Wall2Wall Media
Jacqueline Hill Editor-In-Chief
Susan Legge Director of Sales, Western Canada
Josh Heppner Editor
Wayne Karl Lydia McNutt (on leave) Art Director
Sarah Jang Contributing Editors
Sara Duck Elisa Krovblit Design Editor
Yanic Simard Media Consultant
Shelley Balla 587.784.4044
70
Production Manager
Bala Gnanapandithan Production Co-ordinator
44
Laura Northmore Graphic Designer
Caroline Wassef National Account Manager, Mediative
Paul Slizys PUBLISHED BY
PO Box 458 Station Main Edmonton, AB T5J 2K1
COPYRIGHT 2013 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
070 STYLE FILE Renovating a condo bathroom BY YANIC SIMARD
HOMEBUYERS’ HELP
019 WEB DIRECTORY 095 HOMEBUYERS’ HELP Condo Buyers’ Resource Section 098 CONDO HUNTER’S CHECKLIST Carry this list with you and take notes
PROJECT LOCATION MAPS
029 South West 037 West 041 Spruce Grove 043 Stony Plain 047 Morinville 049 Fort Saskatchewan 051 Gibbons 053 North West 063 North East 067 South Central 073 Downtown 081 Sherwood Park 083 Leduc 085 Beaumont 089 South East
ADVERTISING RATES
T 587.784.4044 email shelley.balla@wall2wallmedia.com CIRCULATION Edmonton’s New Condo Guide is
published every four weeks, 13 times per year. To submit articles or advertising, we are located at PO Box 458 Station Main Edmonton, AB T5J 2K1. New Condo Guide is free to the public.
EDITORIAL Submissions from interested parties will be considered. Please submit to susan.legge@wall2wallmedia.com
72
The views and data expressed by columnists do not necessarily represent those of the publication.
10
11
Show SuiTe
NOW OPEN
Secord cornerS Luxury TownhomeS deSigned for Today’S buyer
W
ords like stylish, modern & even a little bit sexy come to mind as you enter the Secord Corners Townhomes. Gleaming granite countertops, large windows and a glass tile backsplash in the kitchen give the space a sleek, urban feeling while features like the large rear deck & oversize double attached garage are exactly what suburban buyers are looking for. Innovative finishes like glass walls instead of the usual spindle stair railings allow light to flow throughout the home. Thoughtfully positioned in the west end of Edmonton, Secord Corners townhomes are located in the gorgeous community of Secord. This family oriented community is just off past Lewis Estates and provides easy access to West Edmonton Mall plus the Whitemud and Anthony Henday freeways.
12 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
Just a stone’s throw away from grocery stores and the established community of Parkland, Secord Corners offers spectacular value for residents. Easily accessible and close to many amenities, these townhomes are the exactly what northwest Edmonton has been waiting for. Perfectly sized at 1536 square feet, these homes have been specifically designed to maximize the floor space. The open concept design allows one room to flow into another, giving the overall impression of a much larger home. A spacious gourmet style kitchen with a convenient eating bar is ideal for active families or professional couples with hectic lifestyles while the dining nook is the perfect spot for family meals or a party. The great room features plenty of room for a luxurious flat screen TV, an oversize window and has lots of room for entertaining. A well-placed half bath is very convenient for both
YELLOWHEAD TRAIL
STONY PLAIN RD.
green dr. 87 ave. n w
r
SECORD Sales Center
178 ST.
webb e
anthony henday dr.
217 ST.
s
Lake
215 ST.
winterburn rd. blvd. ord sec
STONY PLAIN RD.
WHITEMUD DR.
residents and guests. Upstairs, three generous bedrooms offer fantastic space for children or make excellent offices or hobby rooms. The master suite is a great size and comes with a large walk in closet and four-piece ensuite. Another four-piece bathroom completes this level. The lower level of the home contains the laundry room, storage room and oversize double garage. Many valuable upgraded features of these homes include five appliances, an oversized deck and full landscaping of both front and back yards. The extra deep double attached rear garage has additional storage for the kids stuff or recreational equipment. Secord Corners Townhomes have been planned and are being constructed by Footprint Developments. This company specializes in creating greater Edmonton’s most value rich townhome communities. Very popular with
today’s buyers, their first development, Terwillegar Corners, sold out in just months. Secord Corners Townhomes are master crafted and come complete with valuable, upgraded features and finishes. Only 48 townhomes in Phase 1 are available in this private community, so do not wait to reserve yours! Priced from the $270’s these homes are definitely west Edmonton’s most impressive new home opportunity. For more information about Secord Corners Townhomes, please call 780.966.6524 or visit their show home at the ultra successful MacTaggart Ridge project. They are located on Mullen Way in MacTaggart in southwest Edmonton. Check out www.secordcorners.ca for more details too.
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 13
EDMONTON’S URBAN VILLAGE STEELE & CONCRETE CONSTRUCTION
STARTING FROM
199,900
$
A forward-thinking heritage community
C
ome and be a part of an exciting new urban village in one of Edmonton’s most historic neighbourhoods! Station Pointe Village, located just one block from Belvedere LRT Station, is a great community for first-time buyers, families and seniors alike. Not only is its physical location optimal for commuters, but thanks to the planned community gardens, playgrounds, large amenity building, walking paths and large commercial spaces for daycares, bakeries, bistros, doctors’ offices, lawyers offices and more, Station Pointe Village perfect for most families, too. Add that to 375 units of one-, two- and three-bedroom condos—spread across five buildings— and you’ve got a vibrant community just waiting to, well...happen! Station Pointe Village is part of the City of Edmonton’s Fort Road Redevelopment initiative. The City of Edmonton selected BCM Developments, to be a part of the project, because of our high quality designs and innovative building techniques. We’ve been building in Western Canada for over 30 years, and we build with our patented steel and concrete system and use 80% post-consumer recycled materials—to make sure we’re taking care of our environment today and in the future. Together, we’ve been working together with the City to highlight the heritage of the area while improving the lands and surrounding neighbourhood. By maximizing on land use with functionally-designed residential homes, inviting park spaces, walking paths, biking paths and links to the LRT, the new Fort Road will be one of Edmonton’s best linked and desirable
www.stationpointe.com | 780-490-6008 | myhome@stationpointe.com 14
*EO&E
LOW CONDO FEES
guaranteed
BEST NEW HOME SELECTION 1 Bedroom + den 2 Bedroom, 2 full bath 3 Bedroom, 2 full bath Retail space available for purchase or lease (21,160 sq/ft)
PRE-SALES PRICING Be one of the first 10 purchasers and receive over $25,000* in buyers incentives and upgrades.
family-friendly communities. Units are now pre-selling for the first of five buildings. Ground will be broken this spring, with the second building coming on in late winter 2014. Purchase now and you can pick from a long list of free free upgraded quartz countertops and laminate flooring, and get free condo fees for one year. Plus, stop by the trailer today to see if you’re eligible for the SmartBuy down payment assistance program. For more information visit us online at stationpointe.com or call 780-490-6008.
• Transit-oriented development • 1 block from Belvedere LRT Station • Patented steel & concrete development • Sustainable ECO friendly development • Low condo fees • Secure underground parking • Large amenity spaces • Family friendly, multi-generational community in place for over 30 years. BEST BUYERS INCENTIVES* such as the “SmartBuy Buyers Program” can’t put down all your down payment no problem we can work out the details give us a small deposit to get started and over the course of several months we will help you build up your total deposit needed. THE BEST MORTGAGE RATES and buyer programs around come in and get the details. BEST TIME TO SELECT your interior fi nishes and colours and upgrade your appliances if you wish. Or just take the Free upgrades like stainless steel appliances, upgraded washer dryer and upgraded Composite Granite countertops and Vessel sinks in kitchen, bathrooms up to ($16,000.00*) UP TO 24 MONTHS of free condo fees up to ($7200.00*) FREE UPGRADED Window Blinds throughout ($3500.00*) FREE 12 MONTHS of Home Telephone, Internet, T.V. and PVR equipment. ($1500.00*).
SALES CENTRE
ON SITE shopping and amenities such as doctors, dentist, daycare and restaurants. Come see us to buy or lease your next new commercial location.
Address: 403 Belvedere Way (1/2 block east of 66 street, on Fort Road) Show Suite Hours: Mon-Thurs 3-7 PM, Sat-Sun & Holidays: 12-5 PM *EO&E
15
Souped up kitchens you’ll flip over. Smart design makes all the difference. We use the most up-to-date materials and techniques, but when it comes to quality and old-fashioned values, our approach couldn’t be more traditional. Grand Design townhouses and condominiums are stylish and built to last.
Visit GrandeDesign.ca for more information. 16 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
07541_NHBG_Spread_15 x 10_5_v2_r1.indd 2
RUTHERFORD PARK
LAKEVIEW TERRACE
Southwest Edmonton 780-758-4191
North Edmonton 587-520-6135
RutherfordPark.com
Lakeview-Terrace.com
Prices starting in the $280’s
Prices starting in the $280’s
PRINCETON COURT
NORTHRIDGE PLACE
Sherwood Park 780-570-5065
St. Albert 780-569-5209
PrincetonCourt.ca
NorthridgePlace.ca
Prices starting in the $300’s
Prices starting in the $170’s
Find your new home today at GrandeDesign.ca.
New Homes. Classic Values. NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 17
13-03-18 3:52 PM
EDITOR’S NOTE
Solid investment decisions
BEGIN AT HOME
SUSAN LEGGE
EDITOR-IN-CHIEF
Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide
Is there a positive to buying a new condo in our current economic climate? You bet there is. When you buy new, your investment is backed by a strong warranty program. It protects your deposit and offers protection against defects in work and materials, unauthorized substitutions and delayed closings or occupancies after the condo is constructed. What are the other positives of buying a new condo? New housing prices are extremely competitive at this time and interest rates are low. If you think posted rates look good, ask your bank or mortgage broker if they can do better. While no one can guarantee
what their home will be worth in the next 10 or 20 years, ask a recent buyer what the value of their home is now. Chances are you will see them smile. Communities close to amenities such as shopping and transit are especially appealing, but your builder may not know or tell you about the plans for your prospective new neighbourhood, so do your homework. The media often stresses the negative side of the story. It’s time to make solid investment decisions, and look beyond the doom and gloom. Investigate how you can make Canada’s economic environment work for you. Happy new-home hunting!
Making
INFORMED CHOICES
WAYNE KARL
EDITOR
Wall2Wall Media wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl
Buying a new home or condo is a dream for many Canadians, but with rising prices, increasingly tight mortgage regulations and reports of questionable market conditions in some areas and housing categories, where to begin? With careful planning and research, that’s where. Indeed, Canadians are showing that despite any challenges facing the real estate market, they are taking the time to learn what they need to, and to make rational, informed choices. A new survey from Genworth Financial Mortgage Insurance Company Canada reports a significant rise in the number of recent first-time buyers who put down more than 20
18 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
per cent on their homes – 56 per cent, up from 36 per cent last year. See page 44 for more. Other new research, the BMO First-Time Home Buyer’s Report (see page 84), indicates that two-thirds of first-time buyers say the latest changes to mortgage regulations – which reduced the maximum amortization for government-insured mortgages to 25 years from 30 – have not affected their buying timeline. Many even favour a 20-year amortization. By saving longer for larger down payments, and aiming to pay off their mortgages sooner, clearly, Canadians are becoming increasingly responsible about these important homebuying steps.
What makes Coventry Homes an award winner? . . .
CUSTOMER Satisfaction
PLATINUM Warranty PREMIUM Products MAXIMUM Living速
...visit a showhome today and see Aurora 3106 Windspear Crescent SW tel: 780-469-7039
Maple Crest 729 - 37A Avenue SE tel: 780-756-1190
Langdale 630 - 174 Street SW tel: 780-757-3470
Newcastle 12420 - 171 Avenue NW tel: 780-756-7505
Westerra 1347 Westerra Drive, Stony Plain tel: 780-963-3822
W W W.CO VENTRY-HOMES.COM
19
mortgage talk
What you need to know
// by michelle oranchuk
about mortgages
Y
ou’ve found the home you want and you’ve signed the deal. Now, it’s time to get down to the nitty-gritty, making sure you get the right mortgage that meets your financial circumstances.
Mortgage basics
Michelle Oranchuk is a Mortgage Specialist with RBC Royal Bank, serving Edmonton and the surrounding area. She specializes in helping you select a mortgage that suits your lifestyle and makes your homeownership goals happen. Expert advice on mortgage pre-approvals, purchasing real estate, refinancing, mortgage rate inquiries and realtor referrals. michelle.oranchuk@rbc.com
By understanding these basic mortgage concepts, you’ll be better able to tailor your mortgage to your specific needs: › Principal The amount of money you need to borrow, usually the difference between the selling price of the property and your down payment. › I nterest The amount you will pay for borrowing money. ›M ortgage payment A regular installment, usually made up of principal and interest, with which you repay the mortgage over its term to maturity. › Amortization period The actual number of years it will lake to repay the entire mortgage. › Term The length of time that a specific mortgage agreement covers, generally between six months and 10 years (although 25-year terms are also available). When the term matures or expires, the balance of the mortgage is generally renegotiated for another term at rates and conditions in effect at that time. › Equity The value of your property over and above all claims; usually the difference between market value and the outstanding principal of all mortgages relating to the property. Your mortgage payment options
Weekly and biweekly payments can be accelerated, which means that you make a slightly larger payment each time, which amounts to the equivalent of one extra monthly payment a year.
Making more frequent payments is one of the ways you can pay off a mortgage sooner. You have the choice of weekly, biweekly, semi-monthly or monthly payments. Weekly and biweekly payments can be accelerated, which means that you make a slightly larger payment each time, which amounts to the equivalent of one extra monthly payment a year. How frequently you make payments will make a substantial difference to your total interest costs. See the differences in the example below using a $100,000 mortgage at 7.0 per cent.
payment frequency
amount
amortization
total interest paid*
Monthly
$700.42
25 years
$110,123
Semi-monthly
$350.21
24.9 years
$109,323
Biweekly
$323.27
24.8 years
$108,319
Weekly
$161.64
24.8 years
$107,948
Accelerated biweekly
$350.21
20.5 years
$86,404
Accelerated weekly
$175.11
20.4 years
$86,128
* Compounded half-yearly, not in advance. Over the life of the mortgage, assuming constant interest rate throughout amortization period. This chart is for illustrative purposes only .
20 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
Interest
Everyone today is familiar with the impact of interest rates. The lower the interest rate, the less you will pay for your mortgage over time; the higher the interest rate, the more you will pay over time . The table below illustrates the impact of various interest rates on the monthly payments for a $100,000 mortgage amortized over 25 years. In this example, a difference of only three per cent in the interest rate can represent a difference in payments of $181 or more each month. interest rate*
5%
8%
11%
monthly payment
$581.61
$763.33
$962.53
* Compounded half路yearly, not in advance. Assumes a constant rate for the 25-year period. This chart is for illustrative purposes only.
Amortization comparison chart
The chart below shows the impact of various amortization periods on the monthly mortgage payment and total interest costs (over the full amortization). Note that total interest costs increase significantly if the amortization period exceeds 25 years. If you choose an amortization over 25 years, you must have a down payment of at least 20 per cent.
details
15-year
25-year
30-year
Mortgage principal
$100,000
$100,000
$100,000
Monthly mortgage payment (principle and interest)
$893
$700
$659
Difference in monthly mortgage payment from 25-year amortization
$193
$0
($41)
Term interest costs (5 years at 7%)
$30,870
$33,069
$33,546
Difference in term interest costs from 25-year amortization
($2199)
$0
$477
Interest costs for full amortization*
$60,783
$110,123
$137,092
Difference in interest costs for full amortization from 25-year amortization
($49,448)
$0
$26,969
Note that total interest costs increase significantly if the amortization period exceeds 25 years. If you choose an amortization over 25 years, you must have a down payment of at least 20 per cent.
* Compounded half-yearly, not in advance. The interest costs for full amortization are based on the selected interest rate being applied throughout the amortization period and the payment remaining constant with no prepayments of skipped payments. These results are for illustrative and general information purposes only.
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 21
marke t mar t s with
Evaluate “PRICE” Carefully
Jim Malner
So you’ve made the decision to buy a home. Statistically you’re one of about 9% of greater Edmonton households that will purchase a new or resale home this year. It’s a big move regardless of what you buy so here’s a few things to think about.
NEW VS. RESALE Let me state clearly that I work with clients in the new home industry, but I will try to keep my bias in check. Because I have purchased both types of homes (a few times) I think I can remain objective.
In general, resale home prices range from 15% to 20% less than new homes of similar size and style. However, that’s not always true in today’s market conditions.
Price is generally the reason people start searching in the resale market. And, at first that appears logical. In general, resale home prices range from 15% to 20% less than new homes of similar size and style. However, that’s not always true in today’s market conditions. A large amount of new lot supply and an increase in new “value priced” condos has kept a lid on prices and made it possible to buy a “new” home for as little as 5% above resale prices – certainly in the entry level segment. Virtually a dead heat when it comes to price. A key consideration is that you must pay GST on a new home while you do not pay it on a resale. However, the rate of GST is subsidized modestly for homes under $450,000 so the impact is lessened somewhat. You should also consider the hidden costs of buying used. First – you will have to fix all those items (no matter how small) that impact a resale homes safety and performance. Leaking faucets, running toilets, drafty windows and doors, inefficient furnaces, hot water tanks in need of repair or worse, creaking garage doors, worn out appliances, and a litany of other “can’t see until you move in” kind of things. Second, there’s personalization and décor changes or upgrades. Musty old carpets with a few stains, 22 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
scratched or damaged hardwood, chipped or discoloured paint, broken railings, casings and light fixtures, and of course out of date counter tops, cabinets, etc. These items collectively can add from $25,000 to $40,000 to the cost of a used home almost immediately. All of a sudden that great price disappears faster than those big savings you thought you had.
And, In The Future At the end of all this inconvenience and expenditure you are still essentially living in an older inefficient home. The technology integrated into today’s homes, particularly regarding energy and water efficiency, can save you about $700 PER YEAR over an average sized used home. And, that’s at today’s resource prices! Since 2000, oil prices have risen over 400%, utility rates have gone up 115% and it’s reasonable to assume this trend will continue in the future. So, purchasing a new home built to the highest sustainable standard is not only “smart” for your family and the planet, but is essential for the health of your budget. Many Alberta builders have embraced sustainable building practices that could save you thousands of dollars over the life of your home. So, the battle rages. New or used. It really depends on the product you find and the price you can negotiate. Just remember to think through all the costs associated with the sale and compare them prudently. Only then can you make the perfect home purchase for your budget. Follow CSG on Facebook or Twitter for regular real estate opportunities and updates. All Jim’s columns are posted on CSG’s blog at marketsmarts.net.
Jim Malner is President of Consumer Strategies Group (CSG), Alberta’s longest serving, professional, real estate marketing consultancy with offices in Edmonton, Calgary and Vancouver.
Your stuff is worth a lot of money. WHAT IS THE RESIDENTIAL CONSTRUCTION INDUSTRY CONFERENCE? The Residential Construction Industry Conference (RCIC) is an annual two day event hosted by the Canadian Home Builders Association – Edmonton Region. This year’s conference features a full industry tradeshow as well as over 50 concurrent educational sessions, workshops, and forums spanning a host of relevant industry topics. Delegates will enjoy a world class key note speaker and a variety of social and networking opportunities. Nearly every active homebuilder in the Capital Region attended last year’s conference, and even more are expected to participate this year! RCIC 2013 really is one event you do not want to miss out on. Whether you are a manager, an executive, a business owner, designer, foreman, salesperson, or trade, RCIC offers a unique opportunity for you to learn new strategies, enhance your networks, and keep up with what’s going on in the residential construction industry. From the latest word on upcoming trends in sustainability, sales, design, safety, leadership, construction and more, RCIC 2013 has it all!
Protect it all for as little as
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$
per month.
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For more information please visit the website:
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Early Bird Registration is now open – don’t miss out!
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AMAInsurance.ca | 1-866-989-6490 NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 23
24
MAKE YOUR MOVE
How to safely
// BY DAN HOPKINS
MOVE POOL TABLES & PIANOS
W
hen it comes to moving households, handling large, bulky items is a challenge, especially if you decide to do it yourself.
Dan Hopkins is Chief Operating Officer, Two Men and a Truck Canada. twomenandatruck.ca
Here are a few tips that can help ›› POOL TABLE A pool table must be disassembled before moving it. Depending on the age of the table, you may or may not have the original documentation on how it was put together and how to take it apart. Usually, the side rails and pockets come off, and the felt must be carefully removed. Depending on the size of the table, it will be composed of up to three large, heavy pieces of slate that comprise the playing surface. These slate surface pieces are often held into place on the frame with screws covered with bees wax. You have to know to look for these; otherwise you can do damage. Each section of slate has to be wrapped in moving blankets. At Two Men and a Truck - Canada, we also stretch wrap them so we can get a better grip. The slate pieces should not be laid flat in the truck, as being jostled during the trip will create stress points that could cause cracks. The slate pieces should be secured vertically at the sides of the trick
It’s time to switch things up.
The Best Mortgage Rate Guarantee applies to ATB Rate First and Extreme 5-year closed fixed-rate mortgages only; versus published and advertised rates for 5-year closed fixed-rate mortgages by Canada’s big five national banks. Some conditions apply. On approved credit. Offer applies to new residential mortgages and ATB residential mortgages eligible for renewal during offer period. Offer subject to change at any time. One offer per household. ™ Trademarks of Alberta Treasury Branches.
SpringCreditHorzAd-14.375x4.628-EdmNewCondoGuide-switch.indd 1 26 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
The process for dismantling the rest of the piano depends on the type. Usually, one leg has to be lifted and unbolted to come off. and should not come into contact with anything else during transport. When it’s time to reassemble the table at the other end, it’s important to realize just how heavy it is and place the sections of it carefully, realizing that its weight can have an effect on floor-bearing capacity. Ideally, pool tables should go into a basement on a concrete floor. ›› PIANOS It takes a minimum of three people to move a piano. The process begins with removing the pedal system, which must happen in a systematic way for the number of bolts that hold it onto the instrument. Pad wrap everything with moving blankets and stretch wrap each piece for added protection. The process for dismantling the rest of the piano depends on the type. Usually, one leg has to be lifted and unbolted to come off. We leave the bolting system attached and pad wrap and stretch wrap each leg so nothing is lost. At this point, we lower the piano gently on its side onto a special piano sled. Then, we remove the second leg while at least two people are supporting the piano. At this point, we shift the piano to the upright position at the edge of the sled, which has an indentation to accommodate the lid overlap so the piano does not touch the floor. It sits on a cushioned blanket and secured to the sled to prevent pressure points while being moved. Then it becomes easy to remove the final leg. We pad wrap and stretch wrap the piano body, then ease it onto a special dolly and wheel it out the door. The piano should remain on the dolly, which
becomes part of it during transport. We strap it to the side wall of the truck, halfway between the two wheel bases, for the least amount of jostling. Once it is reassembled in the new home, it is critical that the owners have the instrument retuned, as there will be some unavoidable changes from the move. Whether it is a pool table or piano, consider hiring a professional moving company to transport items such as pool tables and pianos. Neither you nor an inexperienced mover should be learning the process while handling your large, bulky possessions.
The BEST mortgage rate
guarantee.
Every dollar you save on your mortgage puts more money in your pocket. With the guaranteed BEST mortgage rate, you can make the switch to a mortgage that will give you financial room to move. Stop by your local ATB branch or visit atb.com/MortgageSpecialist-Edm
13-04-15 2:14 PM NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 27
Condo Buying Tips
T
here are many factors to consider in making an informed decision to purchase a Condominium. When purchasing a new Condo, there are even more. The good news is there are resources to guide you toward making your dream home purchase. As a Property Manager I often interact with new Owners of Condominium homes after the sale is in the final stages. Quite often this means, I can only offer suggestions for solutions to deal with unsuitability. This article is meant in short to provide you with the tools to find and utilize those resources to your benefit. First off, before buying a Condo, it is important that you understand the difference between a Condominium vs a single family dwelling. Service Alberta provides a publication with an overview of key topics on Buying and Owning a Condominium: http://www.servicealberta.gov.ab.ca/pdf/tipsheets/Buying_ and_Owning_a_condo.pdf Canada Mortgage and Housing Corporation (CMHC) offer a Condominium Buyers Guide: http://www.cmhc-schl.gc.ca/odpub/pdf/63100.pdf?lang=en The guide includes a Condominium selection checklist to help you make sure you have considered all the factors before your purchase. There is Legislation in place for your protection governing Condominiums. The Condominium Property Act and Regulations set out rules for operating and managing condominiums in Alberta. You can view and download the information from the Alberta Queens Printer website: http://www.qp.alberta.ca/ Most importantly, there are Professionals that you can rely on to assist you in your purchase selection process. A Realtor as your Agent will ask you the right questions to ensure you choose the type of property best suited to your lifestyle. Some of your basic needs purchasers fail to consider in advance are: •How many parking stalls are required either as part of the purchase or assigned •If there is a garage or parkade- height restrictions •Are pets allowed •Occupancy and completion dates, especially in new construction •Volunteer involvement. An Owner Managed Condo may require more commitment than a Professionally Managed one You can find a Professional Realtor using many online sources, through The Realtors Association of Edmonton at www.ereb.com 28 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
or the local Edmonton Real Estate Institute of Canada Chapter at http://www.reic.ca/chapters/REICedm A Home Inspector is more often used to inspect a single family home in advance of purchase and overlooked for their value in New and resale Condominium purchasing. There are specific licensing requirements for Home Inspectors in Alberta to ensure experienced and professional service Find out if a Professional Property Management Company is involved as valuable disclosure information can be obtained. Legal Representation: A good lawyer will ensure you fully understand what you are purchasing. Owning a Condominium is not just about sharing common property, it is a form of real property ownership in which you jointly own common property with the rest of the unit owners. There are responsibilities, rules and regulations you need to be aware of. Each Condo has a set of Bylaws registered with the Alberta Land Titles office. These Bylaws contain rules and regulations specific to the individual Condo. Once you have narrowed down your search, you will require a thorough review of the Bylaws to ensure there are no restrictions that would affect your decision. A third party Document Review Company will review the necessary Documents such as Bylaws, Minutes, Financial statements and Reserve Fund Study to provide an unbiased opinion of the Condominium status. For new construction purchases the Developer will provide a disclosure package for review. This package is important as it contains details such as: •Declaration: Unit Factors outlining proportionate share of Common Property •Description: Boundaries of the units and the structural plans of the building(s). Estimated completion date •By-laws, Resolutions and Rules •Insurance Trust Agreement •Management Agreement: An interim or proposed agreement •Budget: Estimated expenses The bottom line is the purchase of a home is not only one of the largest financial decisions of your life the right selection will improve your overall quality of life as well.
Rose Evans, ARM, CPM, ACM, Associate Broker General Manager, Ayre & Oxford Inc. 780-448-4984 | www.ayreoxford.com
SouthWestEdmonton 23
51 Ave.
105 St.
Rabbit Hill Road
111 St.
119 St.
40 Ave.
SOUTH
WHITEMUD DR.
34 Ave.
2
6
CALGARY TRAIL NORTH
Riverbend Rd.
Lansdowne Dr.
Ter will ega rD r.
ay Dr. y Hend Anthon
North Saskatchewan River
Belgravia Rd.
104 St.
Fox Dr.
113 St. 109 St.
76 Ave.
QUESNELL BRIDGE
170 St.
23 Ave.
4
Ha dd ow
14
Dr.
1 17 15 7 22 24 10
9 20
21
19 Ave.
Saddleback Rd.
9 Ave.
25
16
MacEw an Road
Blackburne Drive
13
Ellerslie Road
19
Map Listings 1 eve in ambleside by jayman modus
3710 Allan Drive SW
7 windermere mansions
2 W aterstone in 8 Vistas at callaghan MacTaggart Mains by Carrington Communities
6079 Maynard Way 3 Callaghan Ravines by Rohit Communities
1623 James Mowatt Tr 4 ion in ambleside by Jayman
2582 Anderson Way, SW 5 RUTHERFORD LANDING
by CARLISLE GROUP 11804 - 22 Ave. SW
3 8 5 18 12
17 Windermere Village by Meterra by Rohit Communities 504 Chappelle Dr. SW 3717 Whitelaw Lane SW
12 c reekwood chappelle
by westrich pacific
1350 Windermere Way SW
11
13 e’scapes by Carrington Communities
11080 Ellerslie Road
by Rohit Communities
604 Cantor Landing
14 L’Attitude Studios 9 The Brownstones
by Carrington Communities
by Grande Design
4941 Terrwillegar Common 10 elements at windermere
304 Ambleside Link SW 15 the signature by westrich pacific
by Carrington Communities
Windermere Blvd & Windermere Rd. 11 Kimberley Communities 1901 - 126 Street SW
6 Century Park 112 2606 – 109 Street
5151 Windermere Boulevard 16 South Terwillegar Village by Greenboro Homes
7293 South Terwillegar Dr.
18 s outh Callaghan Townhomes by voco
Corner of Casselman Link & Cunningham Way SW 19 Rutherford Gate by Carrington Communities
11615 Ellerslie Road 20 south Terwillegar by park homes
4105 - 7323 South Terwillegar Dr.
22 v illage at langdale by rohit communities
704 - 176 Street SW 23 Serenity Gardens by Regency developments
105 Street & 56 Avenue 24 w indermere waters by westrich pacific corp
1290 Windermere Way 25 Ravine Point At MacTaggart Ridge by Cambridge Meridian Developments
5835 Mullen Place
21 S outh terwillegar Townhomes by Footprint Developments
Mullen Way
SOUTHWEST EDMONTON | Call Katie 780.439.5030
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
2BR CONDOS FROM $217,900 11517 Ellerslie Road NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 29
southwest
W
elcome to southwest Edmonton’s newest condominium destination. Located in the community of Ambleside in the coveted Windermere area, The Signature is sure to become the city’s premium condo hot-spot! This Westrich Pacific Corp. complex is constructed from concrete and steel, as opposed to conventional materials such as wood, meeting the demand for high quality condo living in our city. Boasting advanced design and an abundance of building features, The Signature has taken condo living to the next level. Phase one of the development offers 105 exceptionally designed homes presented in a beautiful eight story building. Floor to ceiling and oversized windows create a spectacular backdrop to the living spaces within each home. With one and two bedroom options to choose from, starting at 600 sq.ft and $199,000, there is something to suit any lifestyle. All upgrades are standard at The Signature, 30 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
including stainless steel appliances and granite countertops. The top floor of the condo complex features stunning twostory penthouse suites. Each penthouse suite includes a private roof top garden, perfect for entertaining guests on a summer’s night. Phase two of the development will provide an additional 134 suites and stand at 12 storeys – the tallest in the Windermere area. The Signature provides condo buyers with multiple living options. The development will also feature 12 exclusive Villas that include a private entrance and a private glass elevator that will take residents directly to their front door. Available in three bedrooms or two bedrooms plus den, these villas combine a private home environment with the added convenience of condo living. Also featured in this incredible development are the two storey lakeside condos which include a private double garage located in the underground parkade. Ranging from 1,055 sq.ft – 1,740 sq.ft, these beautiful homes offer an
Signature
S I G NA T U R E in Ambleside
additional option for customers whose lifestyle demands some extra living space with the convenience of a separate outdoor entrance and gated yard. Featuring stunning curtain glass walls, this modern condominium does not fall short on curb appeal. The Signature offers plenty of great features that set it apart from other condominiums in the city, including an Infinity pool backing onto the lake that is located behind the development. Building amenities are set at high standards at The Signature, with residents benefiting from a gym and two-storey glass lobby with concierge service. Plus, a secure and heated underground parkade allows residents to enjoy the benefits of a warm and dry vehicle all year round. Amenities are abundant in this expertly developed area. Located just a few minutes away is the Currents commercial center which is fi lled with restaurants, banking services, supermarkets, and much more. Forget about getting stuck on overly congested roadways, residents at The Signature are just
minutes away from easy access to Anthony Henday Drive making getting around the city quick and hassle free! With the Grand Opening of the first two-storey showhome set for May 11th, 2013, condominium seekers will have an impressive new option to look forward to and one-day only purchase incentives. For more information or to learn more about The Signature please visit www.signatureambleside.com or call 780-803-0888.
www.signatureambleside.com NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 31
SHOWSUITE
GRAND
pricing starting from:
$224,000 OPENING
MAY11th
ONE DAY ONLY
Savings of up to $10,000 when you reserve your new home at Signature Condominiums!
Every suite features: ∙ ∙ ∙ ∙ ∙ ∙
LG stainless steel appliances Heated underground parking Hardwood & ceramic tiles Granite countertops Air conditioning Concrete & Steel
780.803.0888 info@signatureambleside.com 5151 Windermere Blvd www.signatureambleside.com Sales Centre: Mon-Thu: 3-8pm Fri-Sat: 12-5pm
NEW PENTHOUSE SHOWSUITE OPEN!
2 bedrooms from:
$236,500 • • • • • • •
CONCRETE
& STEEL
Stainless steel appliances Soft close wood cabinets Radiant in floor heating Free TELUS for one year! Granite countertops Ceramic tiles Move in today
ONLY 8 UNITS LEFT! 780.263.2222 info@windermerewaters.com 1238 Windermere Way
Show Suite Mon-Thurs: 4-7pm Sat: 12-5pm
www.windermerewaters.com
WHY RENT WHEN YOU CAN
OWN?
Townhomes in Southwest Edmonton from only
$1,159 per month!*
Beautiful two storey townhomes with two or three bedrooms. Plans up to 1284 square feet with double or tandem drive under garage. Includes deck, full landscaping, six appliances and extensive upgrades. Live maintenance free surrounded by parks, trails and minutes to amenities.
Visit the showhome at 1778 Cunningham Way SW Call Lynn at 780-914-1565 *Based on a home price of $260,900 with a 5% down payment and a 2.89% interest rate with an amortization of 25 years.
RohitCommunities.com
Edmonton’s 2013 Builder of the Year
33
2260 SQUARE FEET
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Rohit Communities is excited to introduce the newest line of charming stand alone and
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RohitCommunities.com 34
EDMONTON’S NEWEST BUNGALOW COMMUNITY NOW SELLING!
Edmonton’s 2013 Builder of the Year
duplex bungalows to Callaghan. Spacious open concept living up to 2260 square feet with convenient living all on one floor, you’ll also find a finished basement to expand your entertainment needs! Located in Southwest Edmonton, live maintenance free with all your urban amenities just minutes away.
Contact Kevin at 780.862.1060
southwest
Prestigious Adult Living in C allaghan
STARTING FROM $499,900 Enjoy maintenance free living, in this unique adult community that offers a distinctive address with Mediterranean style architecture. It’s time you were pampered to enjoy the finer things in life – central air conditioning, triple-pane metal clad windows and stucco exterior with stone tile accents. You’re also just 15 minutes from the airport, making it the perfect place for Edmonton’s snow birds. And now, until the end of May, receive a finished basement complete with wet bar and fully packaged theatre room!
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35
EDMONTON’S MOST COMPREHENSIVE “BUILDER AND DEVELOPER GUIDE” GET TO KNOW EDMONTON’S DEVELOPERS AND BUILDERS ONE STORY AT A TIME
Coming soon
Watch it! Octoberfor 2012 • Large Format
2013 BUILDER & DEVELOPER
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• Industry Insights by Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice
Finding the RIGHT COMMUNITY for your new home or condo is easier than ever.
Presented by the publishers of
Pick up your copy of our editorial-based builder and developer profile magazine FREE AT OVER 700 LOCATIONS with the New Home Guide and New Condo Guide. Brought to you by the Publishers of
| nov 42 New 56 36 new home condo Guide Guide | Volume 21 issue 05 | NewCondoGuide.com oct 26 23 - nov dec 21, 23, 2012
www.hometrader.ca | Volume 20 issue 13 | new condo Guide 021
213 St.
WestEdmonton Yellowhead Trail
124 St.
2
7 159 St.
87 Ave.
WHITEMUD FWY.
QUESNELL BRIDGE
6
199 St.
69 Ave.
10
Callingwood Rd.
4 5
Map Listings
North Saskatchewan River
1 T he Californian Parkland by Abbey Lane Homes 2035 Grantham Court
5
2 jasper gates by beljan development
10144 - 150 Street 3 Suder Greens 92A Avenue & 206 Street by Boss Developments
4 south hamptons by Park homes 1520 Hammond Gate
GROAT BRIDGE
142 St.
163 St.
170 St. 175 St.
8 1
102 Ave.
9
149 St.
156 St.
178 St.
Stony Plain Rd. 100 Ave. 95 Ave.
182 St.
3
ANTHONY HENDAY
Stony Plain Rd.
107 Ave.
a en d. Bu ta R Vis
Winterburn Road (215 St.)
Ma yfie ld
Rd .
111 Ave.
Village at the Hamptons 199 St, South of Hamptons Rd.
10 elements hamptons by rohit communities 1753 Hammond Cres NW
6 Glastonbury Mews & Estates 1589 Glastonbury Blvd 7 The Vanier
by Qualico Living
9820 165 Street
9 glenora skyline 10220 - 140 Street
8 v ip at californian parkland by abbey lane Homes 2035 Granthan Court
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 37
WEST
38
N
a rdia n Rd. 199 St. NW
Anthony Henday Dr.
Gu
Grantham Ct
Whitemud Dr. NW
Tel: 780 930 1518 Cell: 780 445 4248 2035 Grantham Court
For full details or information visit *Very limited number available
www.vipliving.ca
Follow Guardian Road
Mon-Thur: 1 pm to 7 pm Sat, Sun & Hol: 1 pm to 5 pm Closed Fridays
Left on Grantham Court
Like us on 39
WEST
PRICING FROM
309,900+GST
$
COMMERCIAL/RETAIL SERVICES ON MAIN & 2ND FLOOR FUTURE LRT STOP IN FRONT OF COMPLEX
30% SOLD
1 Acre Park
SALES CENTRE NOW OPEN!
2S
14 LRT
TR EE
YP
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10220 - 140 ST NW EDMONTON, ALBERTA T5N 2L4 PHONE: 780 809 0606 FAX: 780 809 0608 TOLL FREE: 1 855 295 6607 PROUD SUPPORTER OF 40
IN LA
ON ST
AD O R
MON-THURS 3PM-7PM SAT & SUN 1PM-5PM CLOSED FRIDAY [BESIDE GARDEN CENTRE]
SpruceGrove 3 1 4
4
3
2
1
2
Map Listings
1 Stoneshire Villas by Lang Built Homes
Lincoln Cove off of Longview Drive 2 Windsor Estates
3 Century Gates 5 Minutes North of Spruce Grove on Century Road (Rge. Rd. 272) 4 Stoneshire
by Qualico Living
by Lang Built Homes
511 Queen Street
27 Lincoln Cove
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 41
green living
Tips to Green your daily life Our impact on the environment
is growing and it’s time to rethink our everyday actions to help our planet in so many ways. Do Shop locally. Visit your
neighbourhood farmers’ market and support your community. Don’t Buy international fruit. The fuel used to transport and shipping the product can be wasteful and environmentally damaging. Do Use a stainless steel water bottle
for your daily water consumption.
Don’t Purchase bottled water.
Bottles cost energy to manufacture,
process, transport and distribute, as well as in recycling and landfill. Do Take public transport or start
a carpool. Fewer cars on the road means less greenhouse gases and traffic congestion. You can take advantage of carpool lanes and shared fuel usage to save money and get to work faster. Don’t Forget to check your tires. Under-inflated tires create drag and reduce your car’s fuel efficiency. Do Recycle and compost. Be sure to
check your local municipal recycling guidelines because different cities
MAINTENANCE FREE
Adult Villas
may or may not recycle certain items. Don’t Buy Styrofoam products or overstuff your garbage can. Recycling and composting leftover food and paper products will help reduce garbage build-up, and ultimately the greenhouse gases emitted from landfills. More information on the simple steps you can take to save energy can be found online at futurefriendlybrands.ca NC
Retire the snow shovel and lawn mower. A lifestyle you deserve.
SELLING FAST
ACT NOW SHOWHOME: 27 LINCOLN COVE
OR PLEASE CALL FOR AN APPOINTMENT
MON-THURS: 3 - 6 PM • WEEKENDS: 12 - 5 PM CLOSED LONG WEEKENDS
780-722-6496 www.langbuilthomes.com
42 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
To Highway 16
StonyPlain Highway 16A, To Edmonton
47 Ave. 48 St.
50 St.
52 Ave.
South Park Dr.
44 Ave.
Golf Course Rd.
1
46 St.
To Jasper
Fairway Dr. 55 Ave. Oatway Dr. 3 2
79 Ave.
Map Listings
1 barth & gosset manor by jaffer developments
Main St - 5211 50th St
2 westerra manor Golf Course Rd & 79 Avenue
3 willows end by jaffer developments
48 Street & Willow Park Rd
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 43
IN THE NEWS
First-time homebuyers
SHOWING THEIR RATIONAL SIDE ACCORDING TO A NATIONAL SURVEY conducted by Genworth Financial Mortgage Insurance Company Canada (Genworth Canada), first-time homebuyers are adjusting to the new mortgage requirements and making informed choices about homeownership. The annual poll, completed in conjunction with the Canadian Association of Credit Counselling Services (CACCS), asked 1,514 Canadians questions about their financial well-being and preparedness. The 2013 survey revealed that there was a significant rise in the number of recent first-time buyers who say they put down more than 20 per cent on their homes (56 per cent versus 36 per cent in the 2012 survey). In fact, the number of people that said it is getting harder to save for that down payment is on the decline (50 per cent versus 55 per cent in 2012) with more first-time buyers finding it easier to save money (nine per cent, up from five per cent in 2012). In addition, only 17 per cent of respondents thought it was a good time to buy,
“Canadians entering the real estate market are making financially astute choices by saving longer and putting down larger deposits on their homes,” says Brian Hurley, chairman and CEO of Genworth Canada.
44
suggesting that low interest rates alone are not enough to entice Canadians to purchase a home. “Canadians entering the real estate market are making financially astute choices by saving longer and putting down larger deposits on their homes,” says Brian Hurley, chairman and CEO of Genworth Canada. “They continue to value homeownership and are being responsible about the way they enter into mortgage debt. This trend bodes well for a softlanding of the housing market.” Among first-time homebuyers, the proportion saving for less than two years has decreased by nearly 30 per cent, while the proportion saving for more than five years rose by more than 50 per cent. This appears to indicate that fewer first-time homebuyers feel a sense of urgency about entering the real estate market, which is consistent with the fact that fewer expect house prices to rise in the next twelve months. “There is still a strong need for Canadians to have a better grasp on their financial situation,” says Henrietta Ross, CEO of CACCS. “More than 40 per cent don’t think their credit rating reflects them or don’t know what their credit rating is. Counselling could help ensure they are financially prepared to enter and maintain substantial investments, such as homeownership.”
St.Albert
Map Listings
1 North Ridge Place
St. Albert Trail & Ridge Drive
ED
M
ON
TO N
Developed by McLeod Project Marketing
25 North Star Close by Christenson Communities
TO
tT r.
167 Ave.
3 Tenor on the river
by Grande Design
2 Citadel Village
Keil lor Dr.
Rd .
St. Al be r
Boudreau Rd. Campbell Rd.
Sturg eon Rd .
Dr. ins k t A
156 St.
Av e.
G 170 St. ervai s
184 St.
Levasseur Rd.
e. Poirier Av
Rd .
He be rt
to ns Wi r i S
er Riv
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e. Av ill h c r hu nC
3
Ga te
n eo rg u t S
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Ave. ny cKen
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2
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Kin gsw ood Blvd.
r lle Be
ert . St. Alb
1
G
Erin Ridge Drive
TO MORINVILLE
35 Sturgeon Road 4 V illage on Perron 5 Perron Street
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 45
stalbert
You know what you want when you see it You better come look. Show Suite Hours:
35 Sturgeon Road , St. Albert
Mon & Wed
10 – 2 PM
Call Colleen at 780.993.7647
Tues & Thurs
4 – 8 PM
TenorOnTheRiver.com
Sat & Sun
12 – 4 PM
You’re ready to make your move
Convenient appointment, day or night, home or office • Competitive rates on a wide selection of mortgages •
For convenient mortgage service, contact: Nancy Bruno-Romeo Mobile Mortgage Specialist Tel.: 780-973-8892 Cell: 780-908-7183 nancy.bruno@bmo.com What’s next for you?
® Registered trade-mark of Bank of Montreal.
Mortgage Expertise at Your Doorstep 24/7 74_BMO_20/13
46 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
Morinville 1
Map Listings
1 Maple Brooke Villas by Dynasty Builders
Unit 44, 9511 - 102 Avenue
Welcome to Morinville Located within a short drive from Edmonton, CFB Edmonton and St. Albert, Morinville offers residents the dual benefits of abundant amenities blended with small town values and community support. Spring 2011 will see the town celebrate the completion of the new Community Cultural Centre, the new focal point for the community. Population 7,600 Located Highway 2, 18 minutes north of Edmonton, 8 minutes north of St. Albert, 15 minutes from CFB Edmonton Schools Two elementary schools, one junior high and high-tech high school. French immersion is offered at elementary/junior high levels. Morinville is also home to Sturgeon Learning Centre and Morinville
Christian School GrocerY Sobeys, nofrills Recreational Facilities Hockey/curling rinks, ball diamonds, soccer fields, tennis court, walking trail system, 18 hole golf course, extreme sports park and splash park Medical Facilities Two clinics and full ambulance service
For more information contact Town Office (780) 939-4361
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 47
IN THE NEWS
42 elementary schools across Alberta score improvement in Fraser Institute school rankings
showed significant improvement in their academic performance over the past five years, according to the Fraser Institute’s annual school rankings. Among these improving elementary schools are public, private, separate, Francophone, and charter schools. “This is why the Fraser Institute school report card is the go-to source for measuring academic improvement: it highlights school success stories from Grand Prairie in the west to Fort McMurray in the east and from La Crete in the north to Cardston in the south,” says Peter Cowley, Fraser Institute director of school performance studies. “Our report shows that all schools are capable of improvement, regardless of the personal or family challenges their students might face. If educators want to help students learn and improve, they should be talking to these schools.” The Report Card on Alberta’s Elementary Schools 2013 rates 659 public, private, separate, charter, and Francophone elementary schools based on nine academic indicators using data from the annual Provincial Achievement Tests (PATs) administered by Alberta Education. “By pinpointing the subject areas in which individual schools are improving or declining and how their academic performance compares to that of other Alberta schools over the past five years, our report helps parents and educators prioritize learning challenges in their schools,” Cowley says. The report card also includes important information about each school’s make-up, including parents’ average income, the percentage of ESL students and the percentage of special needs students. The complete results for all 659 elementary schools are available at compareschoolrankings.org, where visitors can compare individual schools with others based on their results over the last five years. Of the 20 Alberta elementary schools showing the fastest academic improvement over the past five years, 13 are public schools where the parental income is below average. At seven of those schools, ESL students account for more than 40 per cent of school enrolment. The complete list follows. “We all want the best possible education for our children. To achieve this, every Alberta school should make improvement Job One,” Cowley says. Across Alberta, 42 elementary schools
48 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
Top 20 Fastest-Improving Alberta Elementary Schools » Bannerman (Public), Edmonton » Pollard Meadows (Public), Edmonton » St. Augustine (Separate), Ponoka » Thickwood Heights (Public), Fort McMurray » Westglen (Public), Edmonton » Annie Foote (Public), Calgary » Langevin (Public), Calgary » Virginia Park (Public), Edmonton » Grandview Heights (Public), Edmonton » Two Hills Mennonite (Public), Edmonton » Erin Woods (Public), Calgary » High Prairie (Public), High Prairie » St. Clare (Separate), Calgary » St. Lucy (Separate), Edmonton » Derek Taylor (Public), Grande Prairie » Blueberry (Public), Stony Plain » McLeod (Public), Edmonton » Meyokumin (Public), Edmonton » Hill Crest (Public), La Crete » Millwoods Christian (Public), Edmonton
FortSaskatchewan ER AT S DWBON E R IB G
ES UT ON IN ONT M 7 DM E TO
1
1
BR 17 K UD M ER TO HE IM
Hig hw ay
St. 101
t. 82 S
Westpark Drive
e. ve. Av 95A A 94 We stp ark 84 St. Wo Blv od d. Clo sme se re 1
15
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15
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ay hw Hig
r ive nR a ew tch ska a S rth No e. Av 99
21 K 2 ay hw PAR Hig OD N. O O ERW NT SH MO TES TO & ED MINU 10
Wilshire Blvd.
MAP LISTINGS
1 WALNUT GROVE BY DYNASTY BUILDERS
#85 - 15 Woodsmere Cl.
2 SOUTHFORT BEND 8802 - Southfort Dr.
WELCOME TO FORT SASKATCHEWAN A quiet, friendly, family oriented community. “Move in Next Door... Neighborly Fort Saskatchewan”.
POPULATION Over 14,700 LOCATED Adjacent to the northeast boundary of the provincial capital, the City of Edmonton & 30 km from downtown Edmonton SCHOOLS 6 Public Schools, 3 Separate Schools, 1 Christian School GROCERY Sobey’s Station Square, Canada Safeway,
Extra Foods, Garden Market IGA RECREATIONAL FACILITIES Dow Centennial Centre, Tennis courts, campground, golf courses, bowling lanes, baseball diamonds, indoor pool, outdoor ice rinks (2), curling rinking, indoor soccer, gymnasium, fitness centre
MEDICAL FACILITIES Hospital, local ambulance, 5 medical clinics PARKS & PATHWAYS 360 hectares of park/ recreational/natural land with 29 km of paved trails for walking, running, biking, rollerblading & cross-country skiing
For more information contact Tanya Stillborn (780) 992-6408 or visit our website at www.fortsask.ca or e-mail: tstillborn@fortsask.ca
STATION POINTE VILLAGE NOW PRE-SELLING - FROM $199,900 1 Bdrm + den | 2 Bdrm, 2 full bath | 3 Bdrm, 2 full bath
INCREDIBLE VALUE
• 10 to 12 minutes to Fort Sask refinery row • 1 block to LRT • Also close to stores & amenities • Great location and on site retail available
www.stationpointe.com | 780-490-6008 | myhome@stationpointe.com NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 49
QUICK TIPS
// BY HELLEN BUTTIGIEG
A DOSE OF REALITY ›› Keeping it real. You’ll never get organized. Read that again. Yes, that’s what
Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host and owner of We Organize U. Visit her website, weorganizeu.com, for a free e-Book on how to find more time, energy and inner peace. Contact Hellen at 905.829.2219 or info@weorganizeu.com
I said. You’ll never get organized because being perfectly organized is not a realistic expectation. Just to be clear, organization is not a destination. You don’t just wake up one day and find that you’ve arrived. It’s a process - a work in progress. So if you are judging yourself against unrealistic expectations, or holding back on pursuing a goal because you are waiting until you ‘get organized, once and for all’, perhaps it’s time to look at things differently. Instead of trying to get organized, strive to become more and more organized every day. Doesn’t that feel more attainable? Instead of feeling stuck, you’ll be able to take a step forward.
›› Use your instincts. Are you surrounded by piles of papers on your desk, your floor and any other flat surface in your office? Don’t fight your instincts, work with them. Rather than trying to adapt to traditional ways of fi ling, like using a lateral fi ling cabinet, use horizontal methods instead. Use stacking trays or literature sorters, which can be placed on your desk or installed on the wall. Now label them with the categories you use most. It will be easier to adapt to fi ling papers when you don’t have to change your piling habit. ›› Let go and let it flow. Are you holding on to things that you’ll never use
Y
ou want everything to fit away neatly, display perfectly and know exactly where everything is when you need it. That’s what being organized is all about. But is that realistic? Each space, each person and each system is different. What worked for some may not work for you. You may have limitations on space or be too overwhelmed by stuff for a quick fi x. The demands on your lifestyle and your family’s needs may outweigh the space in your home. Being organized doesn’t happen overnight and it doesn’t have a finish line. Getting organized is a process, learn what works for you.
again? Very often people unconsciously jam their homes full of stuff because the sheer volume gives them a feeling of comfort and security. If you are operating from a need for abundance, remember that your success as a person has nothing to do with all the outdated or rarely used stuff overflowing from your closets. In fact, it’s probably blocking your prosperity. Let go of what you don’t need to make room for new things to come into your life.
›› Plan before de-cluttering. Before beginning any de-cluttering project, determine in advance how you will dispose of the items you no longer want. If you have valuable pieces and would like to sell them, decide whether you will do this yourself or hire someone to do it for you. If you would like them to go to charity, which one and where are they located? Some charities will pick up, so call them to find out when they will be in your area. It’s not until those boxes and bags leave your home that you will reap the full rewards of de-cluttering. Planning in advance will curb procrastination and ensure full completion of the task. ›› Feeling stuck? If you find yourself backsliding when it comes to maintaining
your organizing systems, don’t berate yourself, as this will sap your energy and prevent you from doing anything about it. Rather than dwelling on what went wrong, focus instead on what needs to be done. Just say “oops” and move on to taking action.
50 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
28
53 Avenue
51 S tree t
Stu rg eo n
Ri ve r
y wa gh i H
1
50 A venu e
Highway 28A Edmonton
Gibbons
point Map Listings 1 riverside 4922 - 52 Street
Welcome to GIBBONS Our community places great pride on being a safe and friendly place in which to raise families and enjoy an outstanding quality of life Gibbons-“Living at its Best”.
Population 2848 and growing Located The Town of Gibbons is strategically located at the junction of Highway 28 and 28A along the banks of the Sturgeon River, only minutes from Alberta’s Industrial Heartland in Sturgeon County. Schools Landing Trail School (Kindergarten to grade four) and Gibbons School (grades five to nine). High School students are bussed to Sturgeon Composite High or Redwater High Schools. Grocery One grocery store and two convenience stores
Recreational Activities Gibbons arena, curling rink, community hall, Goose Hummock golf course, campgrounds and much more Medical Facilities Two medical clinics, a dental office, laboratory, chiropractic centre, massage therapy, and a Capital Health Unit. Three hospitals are available within 15 miles of Gibbons. Parks & Pathways Gibbons hosts ten park areas, including seven playgrounds, two passive parks, and a sports grounds area.
For more information, please visit www.gibbons.ca
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 51
GIBBONS
MAINTENANCE FREE
1, 2, & 2 BeDRooM+DEN CONDOS
• Starting from $239,000 including GST • Adult building (18+) • Heated underground parkade & storage plus one optional parking stall • 9ft. ceilings
• Seven appliances
• Monitored entrance
• In-suite laundry • Large balconies
• Elevator to all levels
• Ravine views
4922-52 Street, Gibbons, Alberta | 780.445.4658 or 780.923.2333
www.riversidepoint.ca
DONATE TODAY. STOLLERYKIDS.CA With your support, the Stollery Children’s Hospital Foundation is able to provide life-saving equipment, research that paves the way for new treatments and cures, medical innovations and specialized training, so that every child has the chance to go home again.
52 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
NorthWestEdmonton City Boundary
127 St.
162 A ve
7 132 Ave.
An th
on y
l rai rt T
127 Ave.
ail d Tr
124 St.
142 St.
149 St.
. Rd eld yfi
Kin
gsw
ay
s . es ve nc A Pri beth a Eliz
Ave .
111 Ave.
Ma
178 St.
184 St.
170 St.
199 St. 215 St.
156 St.
a whe 118 Ave.
o Yell
109 St.
He
lbe
11
135 St.
A St.
Dr
137 Ave.
nd ay
142 Ave.
13
97 St.
121 St. 113A St.
150 Ave.
.
15 153 Ave. 6 8 1 10 4
148 Ave.
Campbell Rd.
2 14 167 Ave. 5 3 9 153 Ave.
12 176 Ave. Castle Downs Rd.
Stony Plain Rd.
Map Listings
1 Coventry Homes Castle Downs Rd. & McCrae Ave. 2 albany trails by footprint developments
1385 & 167 Ave. 3 Carlton villas on the lake
7 Bellwether Park 132 Ave. & 132 St. 8 victory park by Abbey Lane Homes
Pegasus Blvd & Sir Arthur Curry Way 9 The Silhouette at Carlton
by CeJay Ventures
by Cassel Communities
13808 - 155 Ave.
15503 - 139 St.
4 Victory Lane
10 Mccrae estates
by Abbey Lane Homes
by Christenson Communities
2510 Pegasus Blvd.
4450 McCrae Ave.
5 upper carlton by reid built Homes 13838 - 166th Avenue
11 village at trumpeter
6 Victory Point
12 legacy pointe
by Abbey Lane Homes
97 St. & 137 Ave.
13 starling at big lake by Rohit Communities
137 Ave & Ray Gibbons Dr. 14 elements at albany by carrington
167 Ave & Albany Way 15 edgewater at griesbach by footprint developments
Pegasus Blvd. & Frezenburg Ave.
by Rohit Communities
2055 Trumpeter Way NW by concept homes master builder
18230 - 104A Street
NORTHWEST EDMONTON | Call Eva 587.520.3372
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
CONDOS FROM $184,900 167 AVENUE & ALBANY WAY (South of the Henday, South on 127 St) NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 53
northwest
54 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
55
NoRTHweST
new showhome oPen
albany trails a townhome with a real Double attacheD GaraGe
W
ords like modern, stylish & even a little bit sexy come to mind as you enter the Albany Trails Townhomes. Granite countertops, large windows and a glass tile backsplash in the kitchen give the space a sleek, urban feeling while features like the large rear deck and oversize double attached garage deliver what suburban buyers are looking for. Innovative finishes like glass walls instead of the usual spindle stair railings allow light to flow throughout the home. Adjacent from a community pond, these townhomes are located in the exciting new community of Albany. Albany is perched on the edge of northwest Edmonton, at 138 Street and 167 Avenuet. Just a stone’s throw away from St Albert, Albany Trails offers incredible value for residents. Easily accessible and close to many amenities,
56 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
these townhomes are the exactly what northwest Edmonton has been waiting for. Perfectly sized at 1536 square feet, these homes have been specifically designed to maximize the floor space. The open concept design allows one room to flow into another, giving the overall impression of a much larger home. A spacious gourmet style kitchen with a convenient eating bar is ideal for active families or professional couples with hectic lifestyles while the dining nook is the perfect spot for family meals or a party. The great room features plenty of room for a luxurious flat screen TV, an oversize window and has lots of room for entertaining. A well-placed half bath is very convenient for both residents and guests. Upstairs, three generous bedrooms offer fantastic space for children or make excellent offices or hobby rooms. The master suite is a great size and comes with a large walk in
closet and four-piece ensuite. Another four-piece bathroom completes this level. The lower level of the home contains the laundry room, storage room and oversize double garage. Many valuable upgraded features of these homes include five appliances, an oversized deck and full landscaping of both front and back yards. The extra deep double attached rear garage has additional storage for the kids stuff or recreational equipment. Albany Trails Townhomes have been planned and constructed by Footprint Developments. This company specializes in creating greater Edmonton’s most value rich townhome communities. Very popular with today’s buyers, their first development, Terwillegar Corners, sold out in just months. Albany Trails Townhomes are master crafted and come complete with valuable, upgraded features and
finishes. Only 46 townhomes are available in this private enclave, so don’t wait to reserve yours! Priced from the $280’s these homes are definitely northwest Edmonton’s most exciting new home opportunity. For more information about Albany Trails Townhomes, please call Christine 780.862.8708 or visit their show home at the ultra successful MacTaggart Ridge. They are located on Mullen Way in MacTaggart in southwest Edmonton. Check out www.albanytrails.ca
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 57
PROJECT PROFILE
Live well at
VICTORY PARK
s
ituated in the heart of the Village at Griesbach is Victory Park. This community of townhomes seamlessly blends value, style and function. Developed by award-winning Abbey Lane Homes, Victory Park is found along Sir Arthur Currie Way, across from Central Hill Park which includes naturalized tree groves, a toboggan hill and a natural play area. Classic craftsman-inspired exteriors fit nicely into the architectural styling of the Village at Griesbach. Details like brick accents, covered porches and low maintenance exteriors are ideal for first-time homebuyers and empty nesters alike. Fully landscaped and fenced, no messy yard work or awkward fence building parties are required. 58 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
DETAILS LIKE BRICK ACCENTS, COVERED PORCHES AND LOW MAINTENANCE EXTERIORS ARE IDEAL FOR FIRST-TIME HOMEBUYERS AND EMPTY NESTERS ALIKE.
EACH TOWNHOME IN VICTORY PARK FEATURES MAPLE SHAKER CABINETS, GRANITE COUNTERTOPS WITH UNDERMOUNT SINKS IN THE KITCHEN, A SIX-PIECE STAINLESS STEEL APPLIANCE PACKAGE, AND LAMINATE FLOORING THROUGHOUT MOST OF THE MAIN FLOOR. With three floorplans to choose from, ranging in size from 1,245 sq. ft. to 1,454 sq. ft., there is truly is something for everyone at Victory Park. Townhomes that are ready now: #2 Plan B, 2691 Sir Arthur Currie Way, 1,260-sq.-ft., three-bedroom, 2.5 bath, 20 by 24 ft. garage, in medium maple colors at $334,800; #5 Plan B, 2685 Sir Arthur Currie Way, 1,700-sq.ft., four-bedroom, 3.5 bath, 20 by 24 ft. garage; and #10 Plan C, 2675 Sir Arthur Currie Way, 2,024 sq. ft., four-bedroom, 3.5 bath, 20 by 24 garage, dark maple colors priced at $369,800, dark grey colors priced at $352,800. Depending on the floorplan, buyers have the choice of a double master suite bedroom plus 2.5 bath plan, a three-bedroom plus 2.5 bath plan or a three-bedroom, 2.5 bath plus den plan. Each townhome in Victory Park features maple shaker cabinets, granite countertops with undermount sinks in the kitchen, a six-piece stainless steel appliance package, and laminate flooring throughout most
of the main floor. Quality carpet is found on the upper level. DĂŠcor plugs and switches, high-speed Internet wiring and optic TV are roughed in; garburators, security systems and vacuums are roughed in as well. Enjoy energy saving features like a high-efficiency furnace, a tankless hot water heater and a provision for a future air conditioner. Every home also includes an insulated and drywalled detached garage. While there is a mixture of single and double garages, each is
NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 59
WHILE THERE IS A MIXTURE OF SINGLE AND DOUBLE GARAGES, EACH IS OVERSIZED TO ACCOMMODATE PICKUP TRUCKS AND SUVS. SINGLE CAR GARAGES ALSO HAVE AN EXTERIOR PARKING PAD.
oversized to accommodate pickup trucks and SUVs. Single car garages also have an exterior parking pad. Currently, there are three townhomes ready for immediate possession and eight townhomes under construction in phase two, called Victory Park, across from Central Hill Park on Sir Arthur Currie Way. These homes will be ready to move into in spring 2013. Victory Lane is sold out. Hurry in for the best selection and to participate in the interior colour selections. Imagine being able to enjoy the summer in a new Victory Park townhome! Basement development is available in the homes in the second phase, bringing the total size of the homes to more than 2,000 sq. ft. Abbey Lane Homes is one of the premier condominium developers in the Edmonton area. Over the past 28 years, the company has completed numerous projects throughout the greater Edmonton area. Visit the showhomes at 5004 DeWolf Rd. or visit abbeylanehomes.com for more details. Call Paul at 780.982.6656.
60 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
Web Directory BUILDERS/DEVELOPERS
Find your next condo online, it’s easy! BUILDERS/DEVELOPERS
Abbey Lane Homes
www.abbeylanehomes.com
Secord Corners
www.secordcorners.ca
Albany Trails
www.albanytrails.ca
Serenity
www.liveserenity.ca
Californian Parkland
www.vipliving.ca
Solara at Skyview
www.solaraliving.ca
Callaghan Ravines
www.callaghanravines.com
Station Pointe Village
www.stationpointe.com
Carrington Communities
www.carrington.ca
Tenor on the River
www.touchstalbert.com
Christenson Developments Ltd. www.cdlhomes.com
Tessco Incorporated
www.edmontoncondo.com
Concept Homes
www.concepthomes.ca
The Icon
www.theicon.ca
Coventry Homes
www.coventry-homes.com
The Rushes of Southfork
www.rushesofsouthfork.ca
Daytona Homes Master Builder www.daytonahomes.ca
The Signature
www.signatureambleside.com
Encore Tower
www.encoretower.com
Ultima
www.ultimatower.ca
Footprint Developments
www.footprintdevelopments.ca
Victory Lane
www.victorytownhomes.com
Fox One
www.foxtowers.ca
Windermere Mansions
www.windermeremansions.com
Grande Design Homes
www.grandedesign.ca
Windermere Waters
www.windermerewaters.com
Homes by Avi
www.homesbyavi.com
Landmark Urban Living
www.landmarkgroup.ca
Maxx Urban Living
www.livemaxx.ca
Meridian Plaza
www.meridianplaza.ca
Park Homes
www.parkhomes.ca
Parkwood Master Builder
www.parkwoodmasterbuilder.com
Robert F. McLeod
www.robertmcleod.ca
Rohit Communities
www.rohitcommunities.com
RELATED BUSINESS Canadian Home Builders’ Association – Alberta
www.chbaalberta.ca
Canadian Home Builders’ Association – Edmonton
www.chbaedmonton.ca
››
If you wish to advertise your Web site in our Web Directory please call 587-784-4044
61
IN THE MARKET FOR A
NEW HOUSE
OR A CONDO?
We think finding a home is a lot more than simply finding the right property. That’s why we put you right in the middle of the search process.
Search your favorite neighbourhood
Find out about nearby services and amenities
View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place.
Powered by
62 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
canpages_filler_VF.indd 1
13-02-26 4:50 PM
NorthEastEdmonton
ve. 137 A
Rd .
137 Ave.
Fo rt
132 Ave.
129 Ave.
120 Ave. 95 St.
118 Ave.
58 St.
122 Ave.
121 Ave.
. Ave d. 112 Blv Ada
CAPILANO BRIDGE
Map Listings
1 Mirra by park homes
70-8318 180 Ave. 2 Shorewinds Condominiums
3 station pointe by BCM Homes 403 Belvedere Way 4 H ollick KENYON POINTE 5005 - 165 Avenue 5 Brintnell Summit by qualico living 445 Brintnell Blvd NW
22 St.
104 Ave. North Saskatchewan River
6 l andra gardens 16004 - 54 Street 7 The Avenue at Hermitage
by Carrington Communities
by Carrington Communities
6070 Schonsee Way NW
7 11 Hooke Rd. Hermita ge Rd. YEL LOW HEA DT RAI L 38 St.
3
127 Ave.
20 St.
50 St.
144
151 Ave.
. Ave
34 St.
87 St.
144 Av e.
5
Victoria Tr.
8 4 16712Ave. 6 10 66 St.
82 St.
97 St.
. 160 Ave . Ave 153
2
M Fo ANNIN GF rt WY. Rd . 34 St.
195 Ave. 91 St.1 9
1188 Hyndman Road
8 air harbour/altitude by Royal West Homes 175 McConachie Dr.
11 e lements at hermitage by Carrington Communities
Hyndman Crescent 12 e lements at mcconachie by Carlisle group
167 Ave. & 53 Street
9 l akeview terrace 179 Ave, east of 87 St. 10 h ollick kenyon estates 16235 - 51 Street
NORTHEAST EDMONTON | Call Craig 780.473.9143
elementsbycarrington.ca Please see our ad between pages 18 and 19
CONDOS FROM THE $130’S 1180 HYNDMAN ROAD (Off Victoria Trail, Second right on Hyndman Crescent) NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 63
NORTHEAST
ADULT BUNGALOW COMMUNITY • Ceramic tile & hardwood • Gourmet kitchen with pantry • Full appliance package • Fireplace • Window coverings • Central vacuum • Deck & landscaping • Hardie board exterior finish • Maintenance free living
NEW SHOWHOME NOW OPEN!
SPEC UNITS AVAILABLE WITH QUICK POSSESSION AND GREAT INCENTIVES
587.521.4009
www.airharbour.ca Open Mon-Thurs 2-8pm, Sat-Sun 12-5pm 175 McConachie Drive For more information contact: Joe Silvaggio
74_Built Green(20/6)
STYLISH TWO-STOREY TOWNHOMES Starting from the $260’s!
Soar to New Heights with Exceptional Standard Features at Amazing Prices HARDWOOD & CERAMIC TILE FIREPLACE & FULL APPLIANCE PACKAGE Great Purchase Incentives
780.466.4099
|
altitudeliving.ca
For more information contact: Nina Flora Altitude located at: 450 McConachie Way | Mon-Thurs 2-8pm, Sat-Sun 12-5pm 64 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
northeast
ALBERTA’S TOP SELLING CONDO BUILDER
“son, it’s time for yoU to moVe oUt. this down payment is peanUts.”
two bedrooms from
$120’s why rent when you can own with Payments from
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245 bi-weekly*
you Qualify with a household income of $32,300 ASK ABOUT OUR EASY PAYMENT PLAN Prices shown do not include GST and are subject to change without notice. *Ask for details, based OAC. Rendering shown is an artist concept only, actual building details may vary.
Upgrade to granite CoUntertops throUghoUt for only $795. (ValUed at oVer $2200)
ANTH ONY HEND AY DR
55 ST
97 ST 167 AVE
MANN ING D R
McCONACHIE DR
153 AVE
Sales Centre Hours: Mon.-Thurs. 2-7 pm Sat. & Sun. 12-5 pm Closed Fridays
780.977.0616
OUR APRIL 20TH LAUNCH WAS A TREMENDOUS SUCCESS BUT THERE ARE STILL A FEW VERY DESIRABLE SUITES AVAILABLE!
Register at elementscondos.ca COVERED with CARE www.blanketltd.ca
for quick possessions visit www.carlislegroup.ca
SouthCentralEdmonton North Saskatchewan River
1
10
76 Ave.
7
84 St.
3 4 6
Whyte - 82 Ave.
5
75 St.
85 St.
Co nn or sR d.
90 Ave. 83 St.
104 St.
103 St.
. n Dr ewa atch k s a S
95 Ave. 92 St.
105 ST BRIDGE
2
101 Ave. 98 Ave.
Scona Rd.
Sas kat che wa nD r. 87 Ave.
JAMES McDONALD BRIDGE
99 St.
109 ST BRIDGE
114 St.
Groat Rd .
GROAT BRIDGE
FOOT BRIDGE
79 St.
106 Ave.
DAWSON BRIDGE LOW LEVEL BRIDGE
CAPILANO BRIDGE
8
9 51 Ave.
Map Listings
1 Mill Creek Park by Parkwood Master Builder
5 Parkallen pointe
8515 - 99 Street 2 Fuzion 10201 Whyte Ave. 3 Trinity Pointe 93 Street & 82 Ave. 4 Strathcona Square 9650 Whyte Ave.
8 Urban Village on Whyte
by Santos Construction
by Carrington Communities
7625 - 112 St.
7907 - 71 St.
6 solstice off whyte 99 St. & 79 Ave. 7 The University Brownstones by Tessco
9 Scona Gardens by Cassel Communities
10124 - 80 Ave. 10 NineTnine 99 Street & 84 Ave.
108 St. & 71 Ave.
SOUTHCENTRAL EDMONTON | Call Amanda 780.461.1622
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
CONDOS FROM $167 $167,900 900 7825 – 71 street (Between Whyte Ave & Argyll Road) NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 67
THE UNIVERSITY
BROWNSTONES F
ollowing the great success of Phase One of The University Brownstones, we are proud to announce the second phase of their multi-family development. Built on the foundations of quality, value and innovative design these 72 spectacular units are a welcome addition to this in-demand address. With a prime location in a charming mature neighbourhood, The University Brownstones is a unique project surrounded by character homes, and all the amenities of an established community. Situated at 108 Street and 72 Avenue, residents will be conveniently located just steps from the Garneau, the University of Alberta, and the Whyte Avenue shopping and entertainment district - all • Excellent location, close to within walking distance! Just U of A and Whyte Ave. a few minutes • Spacious designs with 9 away is the scefoot sprinklered ceilings nic river valley, where outdoor • Upgraded appliance packenthusiasts can age and soundproofing enjoy plenty of activities. Plus, • Beautiful central courtyard getting to the and glass elevators downtown core is hassle free • Underground heated parkwith just a quick ing and 24 hour video LRT ride. Making monitored security your next home at The University • Backed by New Home Brownstones is Warranty easy as only a 5% down payment is required. With this type of opportunity, buyers are encouraged to act now to ensure their home style preference is available. The design of The University Brownstones is as distinctive as the neighbourhood it is located in. Glass elevators with vestibules and covered, open pedways that link all parts of the development add to the unique European look and feel. The stylish pedways also create private, separate entrances to each suite, allowing for more windows since suites back onto the open pedways rather than a
closed in hallway. Adding to the bright and airy environment is the wonderful feature of a central courtyard. The University Brownstones, will have the same quality and design as found in its many other sought-after developments, but with more of an Old World flair. At The University Brownstones, buyers will discover spacious suites that range from 745 to 1,600 square feet and present an array of floor plans to suit a wide variety of tastes and lifestyles including one bedroom, one bedroom plus den, two bedrooms and even a couple of three bedroom suites. The den in the one bedroom suite option is designed so that it can easily be used as a second bedroom. Inside each suite, buyers will appreciate the open great room plans, 9-ft. ceilings, huge floor-to-ceiling windows, kitchens with islands and raised eating bars. The selection of finishing packages and superior soundproofing are part of The University Brownstones. Each unit is self contained, with a separate furnace, hot water on demand and telephone and cable access in almost every room. We skip the expensive amenities that are seldom used and instead puts the money saved into state of the art soundproofing – ultimately allowing condo fees to remain low. And, your surroundings are always secure, with 24-hour video monitoring in the parkade. The University Brownstones is an impressive development that combines the coveted features of a mature, culture rich area with beautiful and visually interesting architectural design. With Phase I sold out, and the highly anticipated pre-sale now underway, you will not want to miss out on the exciting opportunity! Be sure to ask about our Free $10,000 upgrade package that is available for only the first 25 pre-sales. For more information visit the Phase One Show Suite at 10808 71 Avenue, open Monday to Thursday, 4-7 pm, weekends 1-5 pm or call Troy Stenson at Re/Max River City, 780-439-7000
COVERED with CARE www.blanketltd.ca
www.edmontoncondo.com
Visit us online for priority registration on Phase 2 and view our new upgraded construction specs 68 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
Phase Two Pre-sale Now UNderway Starting at $199,900! First 25 pre-sales receive a free $10,000 upgrade package PHASE One COMPLETE (Sold Out)
PHASE TWO RENDERING
Show Suite: 10808 71 Avenue Mon-Thu 4-7pM, SaT/Sun 1-5, CloSed Fri & holidayS
Sales & Marketing by Troy Stenson, Re/Max River City
780.439.7000 / 1.800.265.9518 69
style file
Renovating a
condo bathroom // by Yanic Simard // photography by brandon barree
One of the real challenges of designing a condo
is making a small and often rather generic space reflect your personality and style. When it comes to remodeling a condo bathroom, the process can be even more of a challenge since it is typically a very small room with fixtures that aren’t easily moved. However, if you want to update your condo’s bathroom and improve the overall real estate value, there are several ways to give it a breath of new life despite the restrictions and obstacles you may have to overcome. It just requires a little careful planning and creativity. I’m going to take you through a recent condo renovation my firm took on for a client living in a downtown highrise. Last year, a single condo owner came to us in desperation of having a more masculine, edgy and stylish bathroom out of his current builders grade space, with all white everything – walls, floors and fixtures. Right away during my initial site visit, I saw the full 70 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
When it comes to remodeling a condo bathroom, the process can be even more of a challenge since it is typically a very small room with fixtures that aren’t easily moved. potential it had to offer, it was just determining what was and wasn’t possible because of condo rules and restrictions. Before making any changes to a condo bathroom, it’s crucial to read over the condo’s regulations
and bylaws to ensure that your remodeling plans will be acceptable. Many condo associations only allow owners to modify features, which means that there may be restrictions on changes to the plumbing and wiring. The rules may also state that your plans reflect a certain consistency with the rest of the development’s appearance to maintain its overall look. Consult with your condo board to verify that your remodeling ideas are acceptable within the terms of the development so you don’t waste time and money. When it came to this project we were hired to take on, it did turn out that we were unable to relocate the plumbing fixtures, but that wouldn’t stop us from giving this bathroom completely new visual appeal. We began by removing all of the old and outdated fixtures – from the tub to the toilet paper holder – and donating them to Habitat for Humanity. Starting from scratch, the client decided that he really had no use for a shower so a tub was now out
of the picture completely. We designed the new space with an ultra modern and trendy California style shower (no ledge or curb) complete with a Nuheat heated floor system that ran underneath and throughout the entire bathroom – perfect for our chilly Canadian winters. Once the functionality and underfoot was pinned down, it was time to focus on the esthetic of the space. We knew that we wanted a focal point; it was just determining where that would be.
TIP In small spaces, it’s more effective to have one major element stand out rather than several to avoid an overwhelming look.
So we decided to use the shower area for this, since it was in the direct sightline from the door, which I think we did a great job of achieving. Using a beautiful fish scale mosaic tile (Rainbow Pisces from Deco Tile) framed in the stunning surrounding 12-by-24-in. limestone, this once barren wall transformed instantly into a dramatic waterproof piece of artwork. Also inset into the tile on another wall was a large slab of mirror (which we then framed using the reverse side of a picture frame), extending entirely over the new sleek water efficient toilet and Ikea vanity – yes Ikea! When working with and splurging on many high-end finishes (in this case the beautiful tile and sleek Aquabrass fixtures), it gives you the chance to save else ware which we did with the Ikea piece – when surrounded by luxe elements this completely blends in and looks just as expensive without the price tag associated. After a few months of planning and hard work, the new condo bathroom space was complete and the owner couldn’t be happier, which is the biggest reward to me for every project I take on. So, with a little careful planning and creativity, you can turn your standard condo bathroom into the oasis of your dreams. You may run into a few obstacles along the way, but I will assure you once it’s all said and done it will be well worth it. More Condo Bathroom Renovating Tips › Always renovate for your immediate use first and for potentially selling your condo second. After all, the space is for you right now › Be sure to hire a contractor who has had previous experience with condo work – working in a condo is much different than working in a house
Looking for help with your condo renovation project? We’d love to hear from you! Visit tidg.ca to fill out a client information form.
Yanic Simard is principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Simard applies his signature high/low and old/new combination design techniques in developing unique designs. Simard has created designs for clients across North America, and has appeared as a regular guest expert on Citytv’s Cityline. For more information visit tidg.ca NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 71
industryupdates - chba - alberta
Today’s new homes excel in
Jim Rivait is Executive Officer of CHBA Alberta. Starting his career working in government, Jim spent the last decade working in the private sector specializing in government relations, advocacy, strategic communications, policy development/analysis and association management.
T
oday’s new homes boast improvements in energy efficiency that help homeowners reduce operating costs, live more comfortably and be friendlier to the environment. Homebuyers can choose the level of efficiency they want – all the way to Net Zero homes that are designed to produce as much energy as they consume. All homes built today include energy saving features that are light years ahead of the standard found in many existing homes. Just how far we’ve come is detailed in a new Canadian Home Builders’ Association report that looked at energy consumption for a two-storey, 2,100-sq.-ft. home built in 1975 and then calculated how the same structure would perform using current minimum standards. The 1975-era home would suck down 343.2 gigajoules (GJ) annually.
// by Jim Rivait
energy efficiency The same home built today according to current codes would sip just 116.8 GJ a year – a savings of 66 per cent. Along with those energy savings come dramatic reductions in greenhouse gas emissions. Even though the number of homes and their size has grown over the past decade, the residential sector’s share of national emissions fell from 7.3 per cent to 5.9 per cent in the last 20 years. More than 80 per cent of the energy consumed by the 1975-era home was required for heating. In 2012, heating consumed just over half of a home’s energy budget. What’s even more impressive is that those are the gains achieved using minimum current standards. Many home builders today set the bar far higher and consumers have the power to decide how efficient they want their new home to be. Talk to your builder if energy efficiency and environmental sustainability are high priorities. CHBA - Alberta’s annual Green Home award program recognizes excellent work by builders. Criteria can help homebuyers understand areas for potential energy savings. Competitors are awarded points based on the EnerGuide rating. Natural Resources Canada estimates most new homes earn a rating of 65 to 72 out of a possible 100, with scores of 80 and above considered excellent. Not all new homes are EnerGuide rated, but existing homes would likely score from zero to 50 points, while upgrades could improve the rating to the range of 51 to 64 points. Green Home award competitors are also rated based on the
72 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
performance of the building envelope – windows and walls – and how efficiently the systems within the home use energy and water. Ventilation, healthy interior finishes and the use of locally sourced and sustainable building materials are also given consideration. Owners of existing homes can also improve energy efficiency during renovations. RenoMark contractors are CHBA members who can help plan your project. Check the Canada Mortgage and Housing Corp.’s website under Renovating a Home for more information on changes that will help lower energy costs and emissions. For example, CMHC estimates a house built in the 1970s will have problems with air leaks that would be the equivalent of punching a 12-by-13-in. hole in the wall. Imagine the amount of money that could be sucking out of your household budget. Improving home insulation, replacing windows and doors to reduce drafts, and installing a new furnace can lower energy bills and reduce moisture and condensation issues. So, along with lower costs and emissions, the quality of the air you breathe will be better. Those advantages already come with any new home you purchase, because home builders have come a long way since 1975.
DowntownEdmonton 118 Ave. 112 Ave.
101 St.
15 1
102 Ave.
10 7
13
9 Jasper Ave. 100 Ave. 106 St.
Victoria Park Rd. Rive r Va lley Rd
6 97 Ave.
.
82 St.
d.
dR
n wla Ro
St.
11
KINNARD RAVINE
92
105 St.
107 Ave. 8 14 12 2 104 Ave. 5 4
wa yA ve .
100 St.
109 St.
116 St.
127 St.
gs
t. 95 S
3
Kin
. 97 St
124 St.
111 Ave.
LOW LEVEL BRIDGE JAMES McDONALD BRIDGE
DAWSON BRIDGE
Bellamy Hill HIGH LEVEL BRIDGE 105 ST BRIDGE
Map Listings
1 the ultima
by westrich pacific
10244 - 103rd Street 2 The Venetian by Abbey Lane Homes
112 St. & 103 Ave. 3 Gates On 17th
North Saskatchewan River
7 Serenity by Landmark Urban Living
Jasper Ave. & 118 St. 8 s tudio ed Corner of 116 Street & 106 Avenue 9 Meridian Plaza
by Tessco
by Cancali Developments
117 St. & 105 Ave.
111 St. & Jasper Ave.
4 Alta Vista
10 Pearl by Regency Developments
111 St. & 103 Ave.
Jasper Avenue & 119 Street.
by Alldritt
112 St. between 103 & 104 Ave. 6 Founders Ridge 9805 - 105 St.
13 Icon
by Langham developments
Jasper Ave., North of 104 St.
14 m axx 11540 113 Street 15 the fox
by Langham developments
by Christenson Communities
5 Panache on Twelfth
12 The Zen 11425 - 105 Ave.
104 Street & 102 Avenue
11 Quest by Regency Developments
Corner of 104 Ave. & 105 St.
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 73
DOWNTOWN
Now under construction •
Sales advancing
i o
W in • •
•
•
Enj ac th
a
CondoGuideMar_DPSf.indd 1
is downtown Edmonton’s best location on the corner of 104 St. and 102 Ave. With a walk score of 98/100*, Fox One is in the top 2% of the best walkable locations in the world — the only condominium in downtown Edmonton ranked that highly. • Strong architecture highlighted by sparkling glass feature walls • Designed with zero-obstruction sight lines – every occupant enjoys unobstructed and spectacular views from generously large windows • 142 units on 28 floors, elegantly finished in modern style • 1 to 3 bedroom suites in 650 to 2,200 square-foot configurations
Contact us:
www.foxtowers.ca | 780.425.0369
Enjoy unparalleled walkable and LRT access from ecclectic 104 Street to the best of Edmonton — shopping, entertainment, Grant MacEwan University and the city’s highly anticipated new downtown arena. *walkscore.com 75
2013-02-25 3:01 PM
76
77
M
Fr m ev si ur sa th
75% SOLD FINAL SELL OFF!
PRICES FROM $260’s
M be do co Ev fo C aw
S in la
1
M re ar pl on sh
See what all the BUZZ is about. Soaring ceilings. Incredible downtown views. Condo fees starting from under $200.00 per month. If ordinary simply won’t do - live it to the MAXX downtown without maxxing out your bank account. *Some conditions apply. See sales consultant for more details.
78
DOWNTOWN
MAXX lives downtown From its cool exterior details to gleaming gourmet kitchens, massive windows, high ceilings and oversized balconies everything at MAXX has been done to the max. And, you simply can’t help but get excited. This is the destination urbanites have been longing for. A west coast inspired sanctuary of downtown professionals and early adopters that want a home reflecting their aspirations.
STEEL & CONCRETE CONSTRUCTION ENSURES GREATER PRIVACY, SAFETY & LOWER MAINTENANCE
105th Avenue Redevelopment
Mon - Thur: 3 - 7pm Sat, Sun & Hol: 1 - 5pm Closed Fridays
MAXX is located in the heart of the 105th Avenue redevelopment. Already, incredible changes have made this area a sought after location and with more exciting changes planned over the next few years, now is the time to move on this. For complete redevelopment details visit the MAXX showsuites or www.livemaxx.ca.
101 St
780.993.6505 10540 113 Street
109 St
So, think extreme. Its time for you to max out your lifestyle in MAXX. There’s nothing like it and at these prices it won’t last long.
113 St
ONLY 2 BLOCKS FROM GRANT MacEWAN UNIVERSITY
116 St
MAXX offers downtown’s best selection of one and two bedroom condos at great prices. And, it’s perfectly situated down the street from Grant MacEwan University and Oliver community’s thriving lifestyle and entertainment district. Everything’s easy (except maybe that triathlon your training for) because its just outside. Shopping. Clubs. Restaurants. Coffee shops. Parks. Oh, and the health club is just a block away.
105 Ave Oliver Square
Grant MacEwan University
104 Ave
Longstreet Shopping Centre
Jasper Ave
w w w. l i v e m a x x . c a 79
downtown
80 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
SherwoodPark Hwy. 16
8
ws eado ale M d k r 7 Cla . d Blvd n o o t l w r r e o Cha Way Summ
4
Bo th B
6
Jim Commo nD r. 9
Baseline Rd.
Beauvista Dr.
14
Wye Rd.
21
Sherwood Park Fwy.
.
Wye Rd.
Range Rd. 232
Map Listings
Range Rd. 233
14
Grana d d Blv
TO EDMONTON
Brentwood Blvd.
ood Dr. Sherw
2 10 3
a
14X
Sherwood Dr.
Broadmoor Blvd.
5
ver Bar Rd. Clo
r1. ll D we el Dr. h et
1 Princeton court by Grande Design 301 Palisades Way
6 Evolve Lakeland Ridge by Rohit Communities 400 Churchill Crescent
2 Creekside Village in Summerwood by Qualico Living Summerwood Blvd. off Clover Bar Rd.
7 elements summerwood park by Rohit Communities 2 Sunterra Way
3 Element Lofts & Flats by Qualico Living 41 Summerwood Blvd. 4 Palisades estates townhomes by Cove Properties 401 Palisades Way. 5 Centre In The Park
by Christenson Communities
8 eton park villas
by Christenson Communities
Emerald Hills Aspen Trail & Eton Blvd.
9 Windsor park
by Abbey Lane Homes
271 Charlotte Way
10 estates at sunview lane by qualico living 5300 Sunview Lane
2021 Sherwood Dr.
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 81
Is BIGGER Really Better?
T
his is something I’ve been contemplating for some time and it has really come home to roost lately as my wife and I are looking at moving. I see ads a-plenty saying “x” amount of square feet for this much and I wonder, “Is there good value here?” I’ve been in this business a long time and I’ve seen the size of homes we build increase over the years and I ask, “Is this necessary?” Our lifestyles have changed over the last number of years and, as a society, we spend more of our time indoors. This would account for us desiring the home to be a bit larger, but it also begs the question “Is the space I’m buying functional?” I often wonder if that huge living room is really necessary. They usually have the same amount of furniture as a smaller area (sofa, loveseat, chair, etc.), so I don’t know what all the space in between is for. As I’m getting older, I find having a conversation across that space harder and harder, so perhaps this is to distance you from your loves ones? My spouse and I recently looked at a home with a huge kitchen. She loves it; I’m thinking about how we’re going to be able to afford to fill all those cabinets! I’m having visions of having to buy crazy contraptions like a solar powered Cheerios peeler just to fill up the space in all these cupboards. And the Master Bedroom in this place was monstrous! Now, we have a king size bed (that our Yorkshire terrier has become used to sprawling out on, we just get the edges) so some room is definitely required for that, but some of these things are the size of a small apartment. I read the above and I sound like I don’t like large homes, which isn’t really the case. My point is that you can live large in a smaller space if it is designed properly. This will save you money on operational costs and can save you large dollars in the upfront cost of your home. Some people want the feeling of space. If this is you, look at smaller square footage with a 9’ main floor ceiling. This is a relatively inexpensive upgrade and it creates an open feeling. There is a bit more air to heat, but it is relatively minor. Compare that to adding 100
sq. ft. to a single family home; the cost is roughly $15,000 and there is a measurable difference in the operational cost as well. Depending on where you put the square footage, you’ll get a more open feeling from the 9’ ceiling. Another quick check is upstairs. Most upper levels are carpeted. Carpets come in rolls of 12 and sometimes 15 foot widths. Look for bedrooms around this size and you can save some money and get good space at the same time. Other space wasters include hallways and oversize entrances. These take away from the livable space in your home. Two-storey rooms are a large waste of space; this is area you could have lived in. Additionally, the walls we have to build to support this look are not energy efficient at all.
It’s difficult to look past the vastness of the home and into the real usable space. When buying, take some measurements of your furniture to get an idea of how it will fit into the space. Treat yourself to some well-planned space; don’t pay for space you cannot use. Bigger isn’t better, better is better.
DAVE TURNBULL
Product Development Manager Landmark Group
To everyone who enjoys energy bills: We’re sorry. 82 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
lvd .
Leduc
4 1
50 Ave.
48 St.
2
50 St.
Grant MacEwan Blvd.
High way 2
rt B Bridgepo
Telford Lake
3
Black Gold Dr. Black Gold Dr.
Hig hw ay
MAP LISTINGS
Dr. Park South
St. 50
6
1 LEDUC MANSION
Rollyview Rd. 2A
5
3 ROYAL WEST HOMES 81 Acacia Circle
BY ROHIT COMMUNITIES
4141 - 98 Street
4 SUNTREE POINTE
2 THE SPRINGS AT BRIDGEPORT
5 THE RUSHES OF SOUTHFORK BY HUNTER RESIDENTIAL DEVELOPMENTS
401 Southfork Drive
BY DAYTONA HOMES MASTER BUILDER
133 -142 Selkirk Place
BY CHRISTENSON COMMUNITIES
6 WINDROSE BY LANDMARK COMMUNITIES
61 Windrose Drive
102 Bridgeport Crossing
WELCOME TO LEDUC The City of Leduc, a thriving Industrial, Commercial & Agricultural Community continues to experience growth and expansion. A great place to call home! POPULATION 15,000 and growing “Small city” living within minutes of “Big city” amenities LOCATED 20 kilometers south of Edmonton on Hwy. 2 SCHOOLS 7 Elementary, 2 Junior & 2 Senior High - Public, Private & Separate school systems GROCERY Variety of shopping
RECREATIONAL FACILITIES Black Gold Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library MEDICAL FACILITIES Full Service Community Hospital and Full Ambulance service PARKS & PATHWAYS 27 parks including Telford Lake, Fred John’s Park & Lions campground
For more information contact The City of Leduc (780) 980-7177
Affordability
THE
ADVANTAGE!
by HUNTER RESIDENTIAL DEVELOPMENTS
1100+ sq ft New Townhomes 2 bedroom, 2 bathroom from $199,900
To book a viewing of the new show suites please contact Heather at 780-884-8111 EMAIL info@rushesofsouthfork.ca WEB www.rushesofsouthfork.ca
NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 83
IN THE NEWS
First-time buyers expect to spend
$300,000, with average down payment of $48,000: BMO Home Buying Report According to the BMO First-Time Home Buyer’s Report, the average amount
Canadians planning to buy their first home in the next five years plan to spend is approximately $300,000, with an average down payment amount of $48,000 (16 per cent). The report also revealed:
› On average, first-time homebuyers expect to be mortgage-free in 20 years, with 20 per cent estimating it will take between 10 and 19 years › Those planning to enter the real estate market for the first time are twice as likely to choose a fixed rate over a variable rate mortgage (46 per cent versus 20 per cent) › Furthermore, first-timers who expect interest rates to stay the same or decrease over the next five years, still prefer fixed rate over variable rate mortgages (39 per cent versus 23 per cent)
“Buying a home is one of the most important financial decisions one can make,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “It’s crucial that those planning to enter the market are well prepared – not only to manage their costs, but also to pay off their mortgage as soon as possible. Determining what your mortgage payments and overall costs of home ownership will look like, and then living in that financial reality for a year before entering the market, can be an effective strategy.” Average Spend on First Home $300,000
Parsons adds that it is encouraging to see that buyers say they are in a position to pay down their mortgage in 20 years or fewer. “Homebuyers can shorten that timeline further by choosing a shorter amortization and taking advantage of accelerated payment options.” According to the report, two-thirds of first-time buyers (66 per cent) say the latest changes to mortgage regulations – which included reducing the maximum amortization for government-insured mortgages to 25 years from 30 years – have not affected their buying timeline, while one-in-five (19 per cent) say they will have to wait longer before buying as a result. “A shorter amortization is the most responsible approach to home financing; it’s something BMO has been encouraging their customers to consider for years, as it means becoming debt-free sooner,” says Parsons. Additional findings include:
› Six-in-10 (63 per cent) first-time buyers have made cutbacks to their lifestyle to save for their first home, with just one-in-four (27 per cent) expecting their parents or other family members to help them pay for their first home › The majority (59 per cent) of first-time buyers have had to hold off buying their first home because of increasing housing prices › The same number (59 per cent) wish they had bought their first home five years ago.
Average House Price by Province * NS
Nb
nfld
qc
on
mb
sk
ab
bc
$211,772
$156,119
$295,588
$271,912
$392,962
$259,397
$280,915
$378,685
$529,922
84 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
7 Min. to Edmonton
Beaumont 1
Coloniale Way
Rue Montalet
2
44 St.
50 St.
57 St.
55 Ave. 52 Ave.
50 Ave. 3
60 St.
43 Ave.
30 Ave. Hwy 625
Homes Map Listings 1 Coventry 50 Ave. & 57 St.
(Nisku Rd.)
2 The Village at Beaumont 89 Rue Monette
3 Goudreau Heights by Christenson Communities
4900 - 62 St.
Welcome to Beaumont Come visit us and discover why “Life Is Better In Beaumont” Population Approximately 8,361 Located 2 miles South of Edmonton on 50 Street Schools 5 Schools from Kindergarten to Grade 12, French Immersion offered in all GrocerY Sobey’s & Extra Foods
Recreational Facilities Beaumont Regional Activities Centre and numerous outdoor facilities Medical Facilities 10 minutes to Grey Nuns Hospital, seved by Edmonton Ambulance Parks & Pathways Approximately 170 acres of parkland and 6 kilometers of inter-connected walkways
For more information call (780) 929-8782 or visit www.town.beaumont.ab.ca
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 85
IN THE NEWS
CIBC mortgage poll:
CANADIANS THINK THE TIME IS RIGHT TO LOCK INTO A FIXED MORTGAGE A NEW CIBC POLL CONDUCTED BY
Harris/Decima reveals Canadians are leaning towards fixed-rate mortgages this Spring, marking the third consecutive year Canadians have chosen fixed over variable. The poll also reveals a change in Canadians’ expectations for interest rates, with more Canadians now believing today’s low rates will remain in place for at least the next 12 months.
shouldn’t have to rearrange your life for your mortgage, and that’s where an advisor can help you determine the mortgage terms and payment that fit with your financial goals.”
Highlights of the poll include:
A predictable mortgage payment at today’s low interest rates can help you to pay down your mortgage faster and minimize interest costs, which can keep your broader financial goals on track.
›› 46 per cent of Canadians believe today’s low rates will remain unchanged over the next year, a notable increase from the same poll two years ago when only 24 per cent of Canadians believed interest rates would remain low ›› 45 per cent of Canadians said they would choose a fixed rate mortgage if they had to decide today; fixed rate mortgages were most popular among 25 to 34 year olds, with 54 cent stating they would select a fixed rate mortgage, likely due to the predictability a fixed rate offers to first-time homebuyers ›› 26 per cent of Canadians said they would choose a variable rate mortgage ›› Another 25 per cent said they were uncertain which mortgage would be right for them, an increase over the 16 per cent who were undecided in 2012 “Deciding between a fixed or variable rate mortgage is one of the most important decisions in finding a mortgage that is right for you,” says Colette Delaney, executive vice-president of mortgage, lending, insurance and deposit products, CIBC. Delaney notes that balancing debt, savings and other financial goals is important to achieving what matters to you in the long term. A predictable mortgage payment at today’s low interest rates can help you to pay down your mortgage faster and minimize interest costs, which can keep your broader financial goals on track. “Your mortgage should fit your life, you
86 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
While fixed mortgages were popular in the poll, this year’s results also saw an increase in Canadians uncertain as to whether a fixed or variable rate mortgage would be right
for them, highlighting the importance of getting advice about which option is the best fit with your finances. When will rates rise? Canadians see rates remaining low
Forty-six per cent of Canadians believe today’s low rates will remain unchanged over the next 12 months. This is a change from past poll results, where Canadians were more likely to believe that these historically low mortgage rates would be increasing in the short term. This trend suggests Canadians could face challenges in the future if they don’t consider rate changes as part of their long term mortgage strategy. “Our poll suggests that some Canadians are growing accustomed to the low rates we are experiencing, however it’s important to take a long term view when deciding which mortgage is right for you,” says Delaney. “You need to plan ahead for your next mortgage term and consider the impact to your budget if you renew at higher rates a few years down the road.” Low rates an opportunity to accelerate debt repayment
In a poll released by CIBC in January 2013, Canadians identified paying down debt as their number one financial priority for 2013 for the third year in a row. Delaney notes that low mortgage rates can help Canadians to accelerate their debt repayment. “With debt repayment a top priority for Canadians again in 2013, there is an opportunity to take advantage of today’s low
“Your mortgage should fit your life, you shouldn’t have to rearrange your life for your mortgage, and that’s where an advisor can help you determine the mortgage terms and payment that fit with your financial goals.” mortgage rates to reduce your mortgage principal faster.” To further accelerate debt repayment, one strategy offered by CIBC is to set your mortgage payment at the amount it would be if rates were one to two per cent higher. Not only does this help to reduce the principal amount owing, but it also prepares Canadians for future rate increases. “Your mortgage is one component of your overall financial plan, which means you can’t choose a mortgage purely on rate” adds Delaney. “A number of factors, including amortization, the flexibility to make extra payments, and whether or not you have other debt should all be considered when choosing the mortgage that’s right for you.”
NewCondoGuide.com | VOLUME 21 ISSUE 05 | NEW CONDO GUIDE 87
Get involved with Sage! Sage is a non-profit seniors’ serving organization, offering a wide range of programs that enhance the quality of life for seniors in Greater Edmonton. Get involved with Sage! Take advantage of the many resources, programs and services. Explore a variety of volunteer opportunities. Consider supporting at-risk seniors by making a charitable donation. Sage has been serving seniors in your community for over 40 years. 88
Visit www.MySage.ca or call 780-423-5510!
SouthEastEdmonton North Saskatchewan River
106 Ave. 101 Ave.
BASELINE RD.
98 Ave.
90 Ave.
34 St.
d. rR pe Ro
86 St.
63 Ave.
50 St.
. Rd yll Arg
75 St.
83 St.
99 St.
76 Ave.
ood Park Fwy. Sherw
7
17 St.
Whyte - 82 Ave.
Whitemud Fwy.
Calgary Trail North
51 Ave.
38 Av e.
39 Ave.
6
66 St.
Millwoods Rd.
91 St.
34 Ave.
5
3 ELLERSLIE RD.
2 9 12 8 3 10
Map Listings
11
43 Ave.
30 St.
4
4 1 23 Ave.
5
11 9
13
12
1 Village on The Park
7 Urban Village On Whyte
by greenboro homes
by carrington communities
24 St. & Silverberry Rd.
7907 - 71 St.
2 Southwinds
8 Summerside pointe 2005 - 70 Street SW
by carrington communities
6084 - Stanton Dr. SW
9 Axio Summerside
3 Walker Lake Landing
by brookfield homes
by Carlisle Developments
Corner of Welsh Dr. & Watt Blvd SE 4 12th Street Station by jdl homes
7205 - 22nd Ave SW 10 Sandstone at Walker Lake Station by homes by avi
3751 – 12 Street
South of Ellerslie Rd. on 62 St.
5 elements at laurel crossing by carrington communities
11 Aspen Meadows
34 Street & 16 A Ave NW
by landmark urban living
6 Trails Of Millcreek estates by parkwood master builder
34 St. & 35A Ave.
43A Ave. & 23 St. 12 southern springs by park homes
655 Watt Blvd.
SOUTHEAST EDMONTON | Call Riley 780.756.0096
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
CONDOS FROM $167 $167,900 900 6084 Stanton Drive SW (East on Ellerslie Road to 70 Street) NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 89
FUNDAMENTALLY SPEAKING
// BY WAYNE KARL
amenities PROXIMITY TO and more important INFRASTRUCTURE than ever For homeowners and prospective new homebuyers, then, it is clear that proximity to existing infrastructure and amenities is more important than ever. costs that are almost always passed directly on to buyers – before a shovel even hits the ground. The federal budget, tabled on March 21, provides some hope in this regard, Wayne Karl is an award-winning writer and in that it contains measures to increase support for national infrastructure. editor with experience in real estate and Says Canadian Home Builders’ Association (CHBA) President Deep Shergill: business. In Fundamentally Speaking, Wayne explores the basics – such as economic “It’s an opportunity to restore fiscal integrity at the municipal level and fairness fundamentals – you need to examine when for younger generations. At present, many municipalities are financing buying property. He can be reached at wayne. community infrastructure by transferring the costs into the mortgages of new karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl home buyers, amounting to more than $5 billion a year.” Municipalities across Canada are now lobbying Ottawa to make sure they get their share of available funds to address road and transit needs. ver notice how many builders Faced with such infrastructure and funding challenges, municipalities are boast their new community is also typically considering other options – including new taxes, road tolls and “just minutes from shopping, other fees – to help pay for what’s needed. schools and all the amenities!”? And For homeowners and prospective new homebuyers, then, it is clear that that “Everything you need is “right at proximity to existing infrastructure and amenities is more important than ever. your doorstep!”? With continuing immigration, general growth and construction expansion Indeed, proximity and access to a – all happening at a quicker pace than infrastructure improvements – our variety of amenities and essentials – highways and transit systems will all be tested until everything catches up. from transit to health care to schools As you’re out there shopping for your new home, look around to see how far to shopping to recreation – are critical you are from the nearest highway or rapid transit system that affords you a determining factors for builders and reasonable commute; and how close you are to health care, schools, shopping buyers alike, for lifestyle and comfort and recreation. These communities will be at a premium, now and in future. while living there, as well as resale potential down the road. It’s an important topic we’ve written about before in Fundamentally Speaking and elsewhere in New Condo Guide. In addition, home building associations across the country have commented on infrastructure and related development charges and other fees rising to prohibitively high levels. Consider, for example, development charges imposed by some municipalities can exceed tens of thousands of dollars per home –
E
90 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
The pri pin fou
southeAst
SOUTHEAST
Sh
Ow
h
Om
E
E Op
n
GRAND OPENING TAMARACK Townhomes from $270s! GRanD OpEninG:
(780) 702-8359
92 NEW CONDO GUIDE | VOLUME 21 ISSUE 05 | NewCondoGuide.com
Maple Rd NW 12 St NW
mon-thurs: 3-8pm Friday: Closed Sat, Sun & holidays: 12-5pm
38 Ave
17 St NW
REGuLaR hOuRS:
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ck Way ara
Saturday, may 4 (12-5pm) Sunday, may 5 (12-5pm) #146, 655 Tamarack Road
EntER tO win a $500 BBQ GiFt CERtiFiCatE
ASPEN MEADOWS 5 FROM $342 BI-WEEKLY* Fully-loaded Condos — Move in this summer! In-suite washer/dryer
Tile floors in bathroom/laundry
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Juniper 827 Sq. Ft. Tile backsplash
42” maple kitchen cabinets
Stainless steel kitchen appliances
OVER 50% SOLD | DOwn paymEnt aS LOw aS $8,450
#117, 2204 44 Avenue in southeast Edmonton mon-thurs: 3-8pm Friday: Closed Sat, Sun & holidays: 12-5pm
44
(780) 701-3085
item ud
Ave
*Based on 5% down, 2.54%, 3 year term, at 25 years amortization (includes CmhC and GSt). Subject to change.
ve
43a A
Dr NW
NW
N
17 St NW
Wh
23 St N W
ViSit OuR ShOw SuitE:
southeAst
What to do when you hire a contractor Many experienced and reliable contractors work in your community – highly skilled professionals who do business the right way. Unfortunately not all contractors play by the same rules. Some cut corners to offer lower prices. They promise you a “good deal” as long as nothing is written down and you pay in cash. These cash deals can mean a lot of risk for you. Contractors who don’t do business properly don’t protect you from accidents or their mistakes. If there is a work-related injury or damage to your home, you could face lawsuits and financial loss. You could be responsible for your contractor’s unpaid bills. And you could be stuck with work that is incomplete or badly done. While serious, these risks are easy to avoid. Before you agree to let anyone work on your home, take these three simple steps: know who you’re dealing with, make sure you’re protected from risks, and always Get in in Writing! ™
How to find
a good contractor • Ask friends, family and neighbors about contractors they have hired to work on their homes. • Contact your local Home Builders’ Association or other trade association for a list of professional contractors in your community. • Ask your local building materials store if it has a list of recommended contractors. • Ask your utility company if it has a list of recommended contractors. • Check with your local Better Business Bureau to find out if a contractor is a member.
For more advice, including detailed information about contracts plus worksheets you can use when interviewing contractors, visit HiringAContractor.com For a listing of builder and renovator members, contact the Canadian Home Builder’s Association - Edmonton Region. Call 425-1020 or visit their website at chbaedmonton.ca Get it in Writing! provides information to help you make informed choices when you build, renovate, or repair your home. This program is managed by the Canadian Home Builders’ Association with support from the Government of Canada.
Get it in Writing(14/10)-/ja
94 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
homebuyers’ help
condo buyers’
resource section
You love the condo, see what you can afford! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 95
homebuyers’ help
Calculate your mortgage payments interest rate
amortization period
chart figure
mortgage amount ÷ 1,000
monthly payment
example: 5%
25 years
5.82
125 (mortgage amount $125,000)
$
Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your condo. 03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.
96 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
06 Add to this your estimated monthly heating costs and monthly property taxes. 07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.
Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.
Compare mortgage rates for your best deal CHARTERED BANKS
Variable
6 Months
1 Year
-
4.650
Bank of Montreal
3.100
Bank of Nova Scotia
3.100
AGF Trust
2 years
3 years
4 years
5 years
3.040
3.200
3.240
3.340
3.490
4.000
3.000
3.040
3.550
4.540
5.140
4.550
3.750
3.890
3.990
4.390
4.990
-
3.240
3.390
3.100
3.570
3.140
Bridgewater Bank
-
CIBC Mortgages
3.200
4.450
3.000
3.140
3.550
4.390
5.140
Canadian Western Bank
3.200
4.000
3.000
3.040
3.550
4.540
5.140
Equitable Trust
-
-
3.000
3.040
3.550
4.540
5.140
First Calgary Financial
-
4.000
2.390
2.670
2.790
2.890
2.950
First National Financial
2.800
3.950
2.740
2.690
2.790
2.990
2.990
FirstOntario Credit Un.
2.790
4.240
2.990
3.140
3.190
3.240
2.970
HSBC Bank Canada
3.100
4.450
3.600
3.950
4.450
4.990
5.240
ING Direct
3.000
-
3.000
3.000
2.790
2.990
3.080
Investors Group Trust
3.000
4.000
3.000
3.140
3.550
4.540
5.140
London Life
3.000
4.000
3.000
3.140
3.550
4.540
5.140
Manulife Bank
3.000
4.450
3.000
3.050
3.100
3.100
3.090
Meridian Credit Union
2.850
4.450
3.100
3.140
3.700
2.980
3.190
National Bank
3.200
4.000
3.100
3.140
3.550
4.540
5.140
-
4.500
3.100
3.350
3.600
3.850
3.950
President’s Choice Fin’l
3.200
6.040
3.140
3.200
3.240
3.350
3.440
Royal Bank of Canada
3.000
4.000
3.000
3.040
3.550
4.540
5.140
-
4.000
3.000
3.040
3.550
4.390
5.140
3.200
4.000
3.000
3.040
3.550
4.540
5.140
Peace Hills Trust
Servus Credit Union T-D Mortgage
Rates effective as of April 18, 2013. *Rates subject to change without notice.
NewCondoGuide.com | Volume 21 issue 05 | new condo Guide 97
homebuyers’ help
Condo hunter’s checklist When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where! condo #1
condo #2
condo #3
condo #4
Project & address:
Project & address:
Project & address:
Project & address:
Salesperson:
Salesperson:
Salesperson:
Salesperson:
Phone:
Phone:
Phone:
Phone:
Developer/builder:
Developer/builder:
Developer/builder:
Developer/builder:
Type:
Type:
Type:
Type:
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
2-storey highrise bungalow
detached conversion townhome
Sq. Footage:
Sq. Footage:
Sq. Footage:
Sq. Footage:
# of bedrooms:
# of bedrooms:
# of bedrooms:
# of bedrooms:
# of bathrooms:
# of bathrooms:
# of bathrooms:
# of bathrooms:
Interior appliances:
Interior appliances:
Interior appliances:
Interior appliances:
Options:
Options:
Options:
Options:
Parking facilities:
Parking facilities:
Parking facilities:
Parking facilities:
Special incentives:
Special incentives:
Special incentives:
Special incentives:
Price:
Price:
Price:
Price:
Down payment:
Down payment:
Down payment:
Down payment:
Condo fees:
Condo fees:
Condo fees:
Condo fees:
Financing available:
Financing available:
Financing available:
Financing available:
Other comments:
Other comments:
Other comments:
Other comments:
98 new condo Guide | Volume 21 issue 05 | NewCondoGuide.com
WIND
R
AY D
END
TER WI
YH
LLE
GAR
WINDE
HON
DR
ANT
NW
RMERE
RD
South West
ERME
RE BL VD
WiNdeRMeRe Rd Rd & & WiNdeRMeRe WiNdeRMeRe blVd blVd WiNdeRMeRe South West West off off the the Henday Henday South onto Terwillegar Terwillegar Dr, Dr, onto West onto onto Windermere Windermere West Blvd, North North onto onto Blvd, Windermere Rd. Rd. Windermere
cobalt
2br+den
Co 838 FT2
Condos from the $130’s All Suites Include
6 Appliances • Elevator Service to All Floors • Laminate Floors • Underground Parking Available
ANTHONY HENDAY DRIVE
R
North East Call 780.473.9143
50 ST 137 AVE
YELLOWHEAD TRAIL
D
Off Victoria Trail & second right on Hyndman Crescent
HYNDMAN ROAD
•Now Under Construction •River Views available
H
ES AN CR HYNDM
ONY
1180 HyNdMaN Rd
AGE R ERMIT
information Centre Hours:
ANTH 142 ST N W
•Now Under Construction
RAI NNIN L GD
East of 34 Street NW on 16A Avenue NW
MA
3353 16A AvE
IA T
E NW
Call 587.520.0482
TOR
16A AV
South East
ALBANY
H
WAY 167 AVE
Monday to Thursday: 3 to 8pm | Saturday, Sunday & Holidays: 12 to 5pm | Closed Fridays
elementsbycarrington.ca
ECG 5IN BACK FOLDIN COVER 21-05.indd 1
North West Call 587.523.7912
Y DR ENDA
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MI LL RD WOO NW DS
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e ElEmEnts at Showoswuit N n! HErmitagE O pe
VIC
ElEmEnts at laurEl Crossing
South off the Henday onto 127 Street, West on 167 Avenue •Now Under Construction
SHOWSUITE
GRAND
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Savings of up to $10,000 when you reserve your new home at Signature Condominiums! In celebration of our 40th anniversary we’re
OPENING
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MAY11th
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Congratulations to our recent winners!
Week One ~ $100 Home Depot Gift Card ~ Linhy Tran Week Two ~ Keurig Coffee System ~ Ray Baller Week Three ~ $100 Save On Foods Gift Card ~ Ross Linton Week Four ~ $500 in Cleaning Services ~ Pauline Chan
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EDMONTON NEW CONDO GUIDE Vol 21 Iss 05
st 3.7912
y Way
featuring the
Two Storey Luxury Lakeside Condominiums:
Granite countertops Stainless steel appliances Hardwood flooring Glass backsplash Upper & lower patio’s Separate outdoor entrance Fitness centre and concierge service And best of all...maintenance free!
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Top 40 reasons
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Work one-on-one with you to customize your home at their 18,000 ft2 interior design Center
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Create award winning interiors year after year
26 25
Offer fabulous savings on their vast selection of styling options
Add value to you home with their professional advice
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Create flexible, functional & beautiful environments that optimize your space
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See the inside back cover to find out about our
• im • T • 9 • B • S • E
•
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meet your interior design team: Jessica, Larissa, Jenna & Bonnie
on these spectacular suites!*
2 bR Condos FRoM
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• Winner of the 2013 CHBA Award for Best Multi-Family Apartment Style $250,000-$350,000 W IN N E R
*Select suites only, for a limited time. See Sales Associate for details.
ANTHONY HENDAY DR
ELLERSLIE RD
SOUTHWEST CALGARY TR
MACEWAN RD
111 ST
ck
Save up to $20,000
119 ST
Final phase now selling
Call Katie
780.439.5030 11517 Ellerslie Road 2013 ExCELLENCE IN HOUSING AWARD WINNER
Granite countertops to the next 2 purchasers* PMS1545: 53M100Y72K
Condos FRoM
PMS 2204: 32C2M7Y1K
•
•
•
8583
• Walking distance to a vibrant new town metallic centre, future LRT station & recreational complex, Blackmud Creek Ravine & much more
$179,900 inCludes GsT
• 9' ceilings on all floors
•
•
•
• Beautiful ravine views* • Customize your suite with a complimentary interior design consultation • Two storey lobby
SOUTHWEST Call Katie
MO ES JAM 30 AVE SW
ALLARD LINK SW
WA TT
RAI
127 ST SW
L
ELLERSLIE RD
111 ST SW
*On Select Suites. See Sales Associate for details.
ANTHONY HENDAY DRIVE
587.520.6775 1144 Adamson Drive SW
TE
Condos FRoM
$184,900 inCludes GsT
• Exceptional landscaping with easy walkability to neighborhood amenities, parks & ponds
•
•
• 9' ceilings on all floors • Convenient access to St Albert • Customize your suite with a complimentary interior design consultation
•
•
• Two storey lobby *On Select Suites. See Sales Associate for details.
142 ST NW
167 AVE NW
NORTHWEST T NW
2013 ExCELLENCE IN HOUSING AWARD WINNER
Y DR NDA E H ONY ANTH ALBANY WAY
S 127
VENESS RD
•
Call Eva
587.520.3372 167 Avenue & Albany Way
• Gas line to balconies with optional gas line to ranges • Double, triple and quadruple private garages available • Amenities including fully equipped fitness centre, three social rooms with theatre, games, dining & butler kitchen, & rooftop terraces *On Select Suites. See Sales Associate for details.
5
SOUTHWEST 4042 MacTaggart Drive More information coming soon
po ss es im si me o d n ia s av te a il a bl e
MACTAGGERT DRIVE
New showsuites now open!
• Building features luxurious amenities including air conditioned corridors and common areas, fully equipped fitness centre, social room with full kitchen and billiards, and a convenient guest suite • 9’ ceilings on the first, second and third floors, 10’ ceilings on the fourth floor • Located in desirable Southwest community of MacTaggart this location offers easy access to the Anthony Henday, and is close to many amenities • Winner of the 2013 CHBA Award for Best Multi-Family Apartment Building *On Select Suites. See Sales Associate for details.
WHITEMUD DR 111 ST
2
23 AVE NW
• Gorgeous lake views*
GAR DR
n
TERWILLEGAR BLVD
TERWILLE
n
c o so m o ing n
• Designer kitchens complete with upgraded appliances
RABBIT HILL RD
n
• Oversized balconies
RABBIT HILL RD
l
• Cast in place concrete structure
23 AVE MAYNARD WAY
ANTHONY HENDAY DR
SOUTHWEST Call Jeremiah
780.438.4911 6079 Maynard Way
Condos FRoM
$279,000 inCludes GsT
ConCReTe Condos FRoM
$227,080 inCludes GsT
Quartz countertops to the next 5 purchasers*
•
• Cast in place concrete construction
•
• Overheight ceilings
•
• Stainless steel appliances • Heated underground parking & storage
•
• Engineered hardwood floors • Guest suite, leisure centre & rooftop terraces *On Select Suites. See Sales Associate for details.
RUGBY PARK
CALGARY TR
111 ST
SOUTHWEST
DR
GATEWAY BLVD
ANTHONY HENDAY
Call Kathy
780.756.2230 11080 Ellerslie Road
ELLERSLIE RD
po ss es im si me o d n ia s av te a il a bl e
Up to $12,000 off select suites* • NEW SHOWSUITE NOW OPEN
•
• One bedroom, one bedroom plus den, two bedroom, & two bedroom plus den suites available
•
• Underground heated parking, laminate flooring, window coverings, and six appliances included
• Just minutes from shopping, dining & many other amenities *On Select Suites. See Sales Associate for details.
NORTHEAST
68A AVE
SCHONSEE WAY
66 ST
inCludes GsT
• Natural gas fireplaces*
76 ST
$159,000
• Customize your suite with a complimentary interior design consultation
82 ST
Condos FRoM
167 AVE
Call Mick
780.476.1137 6070 Schonsee Way
•
•
• Beautiful park views • Hunter Douglas window coverings & six appliances included • Located in Edmonton's only exclusive lake side community with swimming, boating, fishing, skating, cross country skiing, sledding and so much more *On Select Suites. See Sales Associate for details.
SOUTHEAST
STAN
TON
66 ST
T SW
ELLERSLIE RD
D R SW
780.756.0096
$167,900
6084 Stanton Drive
inCludes GsT
Up to $15,000 off select suites* • NEW SHOWSUITE NOW OPEN • 15,000 sq ft of amenities includes a fitness centre & a 3,500 sq ft party room with wet bar, kitchen, gas fireplace, games table, billiards & more!
• The aquatic centre is equipped with an indoor pool, hot tub, locker rooms, steam room & outdoor patios
y
• Suites include window coverings, six appliances, heated underground parking & in-suite laundry
Condos FRoM
$167,900 inCludes GsT
*On Select Suites. See Sales Associate for details.
WHYTE AVE
SOUTHCENTRAL D
SHERWOOD PARK FWY
75 ST
LL R
Y ARG 91 ST
e
Condos FRoM
Call Riley
po ss es im si me o d n ia s av te a il a bl e
e
po ss es im si me o d n ia s av te a il a bl e
• NEW SHOWSUITES NOW OPEN
70 S
0
No condo fees for a year*
WHITEMUD DR
Call Amanda
780.461.1622 7825 - 71 Street 2013 ExCELLENCE IN HOUSING AWARD WINNER
Up to $35,000 off select suites*
Condos FRoM
$181,900 inCludes GsT
• immediate possessions available • Building features underground parking, fully equipped fitness centre, convenient guest suite & social room with wet bar and billiards • Stylish suites come with six appliances, laminate floors & 9’ ceilings • Oversized heated storage included with underground heated parking • Located in the heart of Ambleside this convenient Southwest location has easy access to the Anthony Henday, transit centres, South Edmonton Common & Currents Shopping Centre *On Select Suites. See Sales Associate for details.
170 ST
GAR
LE WIL TER
DR ANTHONY HENDAY DR
WINDERMERE BLVD AMBLESIDE
AMBLESIDE DR LINK
ELLERSLIE RD SW
SOUTHWEST Call Trent
780.438.1513 308 Ambleside Link 2013 ExCELLENCE IN HOUSING AWARD WINNER
Building dreams come true for 40 years! WiTH OvER 10 CiTyWiDE LOCATiONS CARRiNgTON HAS SOMETHiNg FOR EvERyONE
ALBANY WAY
L’ATTITUDE STUDIOS FROM $181,900 308 Ambleside Link 780.438.1513
167 AVE
FROM $279,000
66 ST
YELLOWHEAD TR
RUTHERFORD GATE
82 ST
6083 Maynard Way 780.438.4911
VIC TO
RIA TR
WATERSTONE
ARGYLL RD
1144 Adamson Dr SW 587.520.6775
S CEN SE
GAR ILLE TERW
WINDERMERE BLVD STANTON DR
FROM $167,900
6084 Stanton Drive SW 780.756.0096
AVIVA NW
70 ST
SOUTHWINDS
m
ELLERSLIE RD
FROM $167,900
7825 - 71 Street 780.461.1622
FROM $184,900
23 AVE
30 AVE SW JAMES MOWAT TRAIL
Albany Way & 167th Ave 587.520.3372
SHOREWINDS NE
FROM $159,000
6070 Schonsee Way 780.476.1137
SALES HOURS Mon to Thurs 3PM - 8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
2013 ExCELLENCE IN HOUSING AWARD WINNER
DR
URBAN VILLAGE
111 ST
4042 MacTaggart Dr SW
RABBIT HILL RD
75 ST
DR
WHITEMUD DR
ALLURE COMING SOON
SHERWOOD PK FWY HENDAY
FROM $179,900
WHYTE AVE
WHITEMUD DR
ANTHONY
É LAN
75 ST
11080 Ellerslie Road 780.756.2230
T TR LBER
FROM $227,080
ST A
E’SCAPES
142 ST
11517 Ellerslie Road 780.439.5030
ANTHONY HENDAY DR
SW
2 BR FROM $217,900
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RohitCo
Edmonton’s
Building Homes
For Real Life For almost 30 years, Rohit Communities has been committed to creating smart spaces. This starts with choosing the right locations, designing efficient homes to create maximum value for our customers, and ensuring a streamlined process to make the entire experience an easy and enjoyable one.
LOCATION Our attention to your perfect home starts with its location. We choose communities that offer great accessibility to current and future amenities and conveniences.
DESIGN Our award-winning and versatile floor plans maximize every inch of space, and we’ve got you covered from apartments to bungalows and everything in between.
VALUE
Based on your feedback, we’ve created an inclusive product offering balanced with affordability to create exceptional value in your new home.
PROCESS Our process is simplified with finishing package options designed by professionals. All aspects of purchasing your new home are streamlined for your convenience.
RohitCommunities.com Edmonton’s 2013 Builder of the Year
Duplex
Featuring Elements Glenridding Located in desirable Southwest Edmonton close to shopping, entertainment, and just off the Henday! Duplexes with double front attached garage or rear lane access. Floor plans up to 1468 square feet in two and three bedroom options. Desirable features such as laminate, tile and granite in the kitchen included.
Starting from $324,000!
Visit the showhome at 16003 – 10 Avenue SW Call Angela at 780.991.2337 for more details
Duplexes
Townhom Elements Hamptons Located in West Edmonton, close to shopping, services, amenities and the Anthony Henday. Two-storey duplexes with single or double front attached garage up to 1500 square feet. Flex internet/bonus area, second floor laundry and appliance credit, with no condo fees.
Starting from $319,900! Visit the showhome at 1753 Hammond Cres NW Call Kim at 780.906.9808 for more details
Elements Summerwood Located in Sherwood Park, just minutes from Edmonton. Floor plans up to 1500 square feet with two and three bedroom options. Includes appliance credit, double front attached garage and front landscaping.
Phase 10 just released starting from $353,100! Visit the showhome at 2 Sunterra Way Call Wende at 780.952.1572 for more details.
Elements Creekwood Located in Southwest Edmonton, close to LRT, South Common, entertainment and services.
Showhom
Locat North South
Two o floor p squar
Two or three bedroom layouts up to 1459 square feet with unique curb appeal. Features bonus/flex area, deck, landscaping and no condo fees!
Starting from $298,300! Visit the showhome at 504 Chappelle Drive SW Call Candice at 780.990.9588 for more details.
Village Lang
Showhome at 704
Village at Tr
Showhome at 205
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Showhomes Now Open! Locations in desirable Northwest and Southwest Edmonton
Lots of great upgrades such as laminate and granite kitchen countertops
Two or three bedroom floor plans up to 1400 square feet
Starting from the low $300,000’s with NO CONDO fees!
outs up to 1459 square eal.
deck, landscaping
appelle Drive SW more details.
Village Langdale
Showhome at 704 – 176 Street SW | Call Kim at 780.906.9808 |
From $312,900
Village at Trumpeter Showhome at 2055 Trumpeter Way NW | Call Pam at 780.938.5478 |
From $319,900
Edmonton & Area FORT SASKATCHEWAN
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Baseline Road
Wye Road 50 Street
75 Street
3
Terw illeg ar
Elements Cy Becker Evolve Cy Becker
Home Styles Vistas – Bungalow communities Elements – Two storey duplexes or townhomes with attached garage
Evolve – Single homes with or without attached garage
111 Street
Casselman Landing
23 Ave
17 Street
Calgary Trail Ellerslie Road
1. Edmonton North
7
Drive Henday
4 5
Whitemud Drive Gateway Blvd
Dr ive
Whitemud Drive
A n th ony
Highway 21
Whyte Ave Whitemud Drive
8 Cloverbar Road
Highway 14
Anthony Henday Drive
EDMONTON
Village – Two storey townhomes or duplexes with rear lane access
6
3. Edmonton West Elements Hamptons
4. Edmonton Windermere
Landing – Townhome Condominium Project
5. Creekwood Chappelle Elements Chappelle
6. Edmonton South
7. Edmonton South East Tawa Landing
8. Sherwood Park
Village at Langdale
Callaghan Landing
Evolve Sherwood Park
Elements Keswick
Callaghan North
Elements Summerwood Park
Village at Trumpeter
Elements Glenridding
Callaghan Ravines
Elements Starling
Evolve Glenridding
Vistas at Callaghan
2. Edmonton North West
Evolve Starling
Evolve Allard Vistas at Allard
RohitCommunities.com Edmonton’s 2013 Builder of the Year
9. Fort Saskatchewan Evolve Sienna