Edmonton New Condo Guide - Apr 25, 2014

Apr 25 - May 23, 2014 Volume 22 Issue 05

LIVING ON THE EDGE IN ELLERSLIE

www.daytonahomes.ca INSIDE THIS ISSUE

SPRING HOUSING MARKET IS COMING UP ROSES

5 THINGS CONDO INVESTORS NEED TO KNOW

WHY CHOOSE A GREEN HOME?

MORE TIME MORE CHOICE

MORE FREEDOM The Name In Active Adult Living THE NAME IN ACTIVE ADULT With over 30 years of experience creating award winning multifamilyLIVING urban villages for adults Withseniors, over 30 years of experience creating award urban villages forsurrounding adults and seniors, and Christenson Developments haswinning been multi-family providing Edmonton and with Christenson Developments has been providing Edmonton and surrounding areas with more than just a home. more than just a home.

McCrae Estates

Reflections

Eton Park Villas

of Emerald Hills, Sherwood Park Includes: INCLUDES: • Spacious floorplans Premium finishings ••Spacious floorplans 6 Appliances ••Premium finishings ••6Underground appliances parking • Underground parking • 9’ ceilings

Sherwood Park Includes: INCLUDES: • Concrete and steel construction ••Granite coutertops Stainless steel appliances ••Stainless steel appliances Hardwood, granite, & ceramics ••9’Staring ceilings from $259,800 • Air conditioning • Underground parking

services.

Includes: INCLUDES: • Finished basements and GST ••Steel and steel concrete construction Stainless appliances ••1 Granite, + 2 bedrooms + den hardwood, ceramics ••490 - 1135 sq. ft.

Immediate possessions available • Full kitchens • In-suite laundry • Air conditioning

Eton Park Estates PH: 780.406.7530 PH: 587-594-2947 Edmonton, Located In Award Winning Located in the urban community Village at Griesbach

Refl ections PH: 780.975.8866 PH: 780.410.0004 Sherwood Park, At Centre In Located in Centre in the Park, The Park

Village at Westmount PH: 780.903.2465 PH: 780.452.2030 Sherwood Park, Adult Bungalows, Only 3 Independent Living with optional Remaining!

CALL FOR MORE INFORMATION OR VISIT A SALES CENTRE TODAY

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

Citadel Village

Villas At Lacombe Park McCrae Estates

Village at Westmount ST.ALBERT

Emerald Hills

Eton Park Place COMING SOON

Eton Park Villas Eton Park Estates

Alta Vista Glastonbury Village

EDMONTON SHERWOOD PARK

Southwoods Center At The Park Bedford Village Reflections

Legend

LEDUC

Senior Community

Devonshire Village

Villas/Bungalows Estate Condos

Avalon Villas

Villas/Bungalows McCrae Estates Eton Park Villas PH: 780.406.7530 • 780.903.2465 Edmonton, Located in Award Villas At Lacombe Park Winning at Griesbach •Village 780.903.2465 INCLUDES:

Avalon Villas

• • • •

• 780.995.3713 Spacious floorplans Premium finishings 6 appliances Underground parking

Estate Condos VillasAlta at Lacombe Park Vista PH: 780.903.2465 • 780.497.7245 St. Albert, Adult Bungalows

McCrae Estates • 780.406.7530

INCLUDES: Reflections • • • •

• 780.975.8866 Finished basements and GST 6 appliances Eton Park Estates • 780.975.8866 Hardwood and ceramics Spacious floorplans

Senior Living Avalon Villas Glastonbury Village PH: 780.995.3713 • 780.934.6636 Leduc, Adult Bungalows

Bedford Village • 780.975.8866

INCLUDES: Citadel Village • 780.934.6636 • Finished basements and GST • 6 appliances Devonshire Village • 780.934.6636 • Hardwood and ceramics • Spacious fl oorplans Southwoods • 780.432.3222

VISIT US ONLINE AT CDLHOMES.COM 3

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Luxury IN A COMPLETE

7 S

A S

PACKAGE

C Spectacular lifestyle condos from the

In West Edmonton

190’s to 350’s $

$330’s

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Mon-Thur: 3-7pm Sat, Sun & Holidays: 1-5pm Closed Fridays Show Home: 780.802.6016

victorytownhomes.ca

In North Edmonton Pegasus Blvd

Townhomes in Griesbach from the

vipliving.ca

Anthony Henday

Show Home: 780.930.1518 (Karen/Crystal) Cell: 780.445.4248 (Karen)

Guardia n

Rd. 199 St.

Mon-Thur: 1-7pm Sat, Sun & Holidays: 1-5pm Closed Fridays

N

Whitemud Grantham Ct

$

W in o g fa

Dewolf Rd.

N

137 Ave.

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780.974.4757 S O L A R A L I V I N G . CA

A FRESH START SOLARA 2 NOW SELLING CONDOS FROM THE

170s!

$

With the success of Solara 1, we’re back in the starting blocks pre-selling beautiful suites in Solara 2. It’s a sprint to the finish as our best selection of spacious one & two bedroom options won’t last long. We’re proud to put our track record on the line with stunning granite countertops, stylish maple kitchen cabinets and large balconies. It’s no time for a false start, your first place awaits!

VISIT OUR SALES CENTRE

127 St.

145 Ave. 127 St. just north of 142 Ave. 142 Ave.

N

Mon-Thur: 3-8pm • Sat, Sun & Holidays: 1-5pm • Closed Fridays

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VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

T s b l

Published by

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WATERSIDE WITH A FRONT-ROW SEAT Beautiful southwest condos from the $220s

The Quay is perfectly positioned in an established neighbourhood and within a stone’s throw of numerous southwest amenities. With a peaceful pond on three sides, the Quay offers relaxing water views from your large balcony. Close proximity to major roadways provides easy access to boutique-style shopping, as well as the lush and picturesque Whitemud Creek Ravine. It’s your chance to make a splash, visit our sales centre today.

In Southwest Edmonton N

Dr. gar ille erw th T Sou

An tho ny He nd ay

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Rabbit Hill Rd.

Ter wil leg ar

Dr.

23 Ave.

Mon-Thurs: 3-7pm Sat, Sun & Holidays: 1-5pm Closed Fridays

587.524.0259 thequaycondos.ca

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TABLE OF CONTENTS

Apr 25 – May 23, 2014 VOLUME 22 ISSUE 05

ON THE COVER

Daytona Homes

26

COLUMNS, NEWS & FEATURES

42

018 EDITOR’S NOTE COLUMNS

020 INDUSTRY UPDATE Edmonton’s spring housing market is coming up roses

BY JIM RIVAIT

040 INVESTOR ADVICE Five things to know before buying an investment condo

BY ANDREW LA FLEUR

042 DESIGNER ADVICE Bed-side looks

BY YANIC SIMARD

052 MONEY MATTERS Fixing your credit history

054 HOME SWEET HOME For sale: An objective approach to an emotional move

BY LYDIA MCNUTT

060 QUICK TIPS Don’t let your stuff control you

BY HELLEN BUTTIGIEG

072 MORTGAGE ADVICE Getting the home you’ve always wanted

BY MICHELLE ORANCHUK

084 MAKE YOUR MOVE Unpack your common sense for a smooth move

BY CHUCK RESNICK

NEWS & FEATURES

029 CMHC REPORT March housing starts 030 HOT TOPIC Great reasons to choose a Green home 048 IN THE NEWS Condo prices climb as demand increases 062 HOMEBUYERS’ HELP What’s all the fuss about a market correction?

BY PETER KINCH

078 STYLE FILE Floral versus Ikat

BY SARA DUCK

BY GAIL VAZOXLADE

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VICE-PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Josh Heppner SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri ART DIRECTOR

Sarah Jang EDITOR

Lydia McNutt CONTRIBUTING EDITORS

Sara Duck Wayne Karl Elisa Krovblit

30

DESIGN EDITOR

Yanic Simard

SENIOR MEDIA CONSULTANT

Shelley Balla 587.784.4044

PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Hannah Yarkony GRAPHIC DESIGNERS

Caroline Wassef, Mihail Terentiev

Published By

PO Box 458 Station Main Edmonton, AB T5J 2K1

COPYRIGHT 2014 Copyright covers the contents of this

72

082 IN THE NEWS Cambrian Crossing Area Structure Plan approved by council HOMEBUYERS’ RESOURCES

024 WEB DIRECTORY 086 TIPS & TRICKS Packing tips to make your move a little easier 087 HOMEBUYERS’ HELP Condo Buyers’ Resource Section 090 HOMEBUYERS’ HELP Condo hunter’s checklist

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PROJECT LOCATION MAPS

025 South East 031 North East 039 Fork Saskatchewan 041 Gibbons 044 Morinville 045 St. Albert 047 North West 051 West 053 Spruce Grove & Stony Plain 055 South Central 063 Downtown 073 South West 081 Sherwood Park 083 Leduc 085 Beaumont

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.

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

The views and data expressed by columnists do not necessarily represent those of the publication.

2014-04-17 5:46 PM

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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.

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

12 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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012-013-

YELLOWHEAD TRAIL

STONY PLAIN RD.

GREEN DR. 87 AVE. N W

R

SECORD Sales Center

178 ST.

WEBB E

ANTHONY HENDAY DR.

Lake

217 ST.

BLVD. ORD SEC

STONY PLAIN RD. 215 ST.

WINTERBURN RD.

17 2:14 PM

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.

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 $280’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 in Secord at 9535-217st, just off of Secord Blvd. To get to Secord, turn off the Whitemud onto Secord, turn left on Secord Blvd & follow the signs. Check out www.secordcorners.ca for more details too.

WHITEMUD DR.

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G R A N DE DE S I G N T OW N HOM E S

The cat’s pajamas in neot-o-cool cribs Modern master suites with some sizzle are what Grande Design Homes are all about. But when it comes to quality craftsmanship, our homes couldn’t be more traditional. Grande Design townhomes are sleek, chic and dazzlingly modern, but built to last.

Visit GrandeDesign.ca for more information.

PRINCETON COURT 780-570-5065 Sherwood Park

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Prices starting in the $300’s

Modern Homes. Classic Values.

•

1781 sq. ft. suites

•

Double garage

•

Smart floor plans

•

•

Spacious suites – lower level den

Close proximity to new school, Emerald Hills Shopping Centre, hospital and Millennium Place

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COVENTRY HOMES

2014 CHBA

AWARD WINNER

Best Single Family $350,000 - $450,000 * for the Paradise bungalow in Aurora Best Single Family $350,000 - $375,000 * for the Omega two-storey in Schonsee

* Sales - Platinum level winner - Darren Rose * Second place for Builder of the Year (large volume) Finalist in the category Best Multi-Family Townhouse/ *Duplex $330,000 - $425,000

Proud to be selected by respected colleagues in the industry. www.coventry-homes.com

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EDITOR’S NOTE

GREAT RATES HOLDING STEADY

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

The Bank of Canada’s latest announcement to hold its interest rate target at one per cent does not come as a surprise, and is good news if you’re in the market for a mortgage.

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

With a mortgage pre-approval in hand, you’re protected if rates rise; if they fall, you’ll likely get an even lower rate. A pre-approval can be a winwin situation for shoppers, since it means you don’t have to wait to get financing approval on a home when you put in an offer. This is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted, first since you already have your financing in order.

So when will rates rise? It’s anyone’s guess, but most experts agree it’s unlikely there will be any significant movement until at least mid-year.

However, we can’t assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage. It can take a few days. Many lenders offer online pre-approvals to make the process faster and easier.

Start the spring season off right by taking advantage of these great rates, while you still can!

TAKING THE LEAP

LYDIA MCNUTT

EDITOR

Wall2Wall Media Lydia.McNutt@wall2wallmedia.com Follow me on Twitter at Twitter.com/LydiasTweets

A home is probably the biggest purchase you’ll make in your lifetime, and it’s also arguably the one that will bring you and your loved ones the most joy. In the long run, real estate is generally a sound investment that yields security and a good return, should you ever decide to sell. And if you’re looking for immediate gratification, nothing beats the feeling of stepping through the door and knowing you’ve arrived “home.”

There are about as many different types of condos out there as there are types of buyers. Whether you’re leaning toward a small-but-sweet loft in the downtown core, with every imaginable amenity steps from your front door, or you have your eye on a spacious townhome in a quiet part of town, rest assured that the perfect condo home is out there for you!

It’s important to keep an open mind but also know what you want.

You may have your heart set on a two-bedroom condo, but can you live with one bedroom in the interest of a balcony or rooftop patio? You decide. You may be surprised at where you end up.

Here’s where it helps to make a list. Note your must-haves and what you’re willing to compromise on. Don’t forget to check out the amenity spaces. While not within your four walls, the lobby, fitness facilities, barbecue areas and the like are an extension of your living space, impacting your lifestyle while you live there as well as the resale value when you choose to sell.

Buying a home is an important purchase, but don’t become a victim of “over-analysis paralysis.” Have fun and enjoy the ride!

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019-Intel

DÉJÀ VU?

Well, it is happening again, Edmonton and Alberta are

number with the 2013 absorption level, we see already a

booming. The province of Alberta will continue to enjoy

deficit in the housing market.

a strong demand for housing in 2014 and 2015 thanks to strong economic growth, good job creation, low

The Edmonton market already shows consumers are

unemployment and strong in-migration. Almost 100,000

paying higher than average housing prices with the

people moved to the province in 2013 with Edmonton

average MLS price listed at $432,458 so far in 2014.

seeing a good share of these individuals. Economic

Consumers are struggling to find attractive inventory in

forecast numbers from the Office of the Chief

the resale market and we are witnessing multiple offers

Economist, City of Edmonton, provide a positive outlook

per property, similar to that of the past boom.

for growth during the next few years. For example, real GDP during the period 2014 to 2016 is expected to

Also, we need to consider the rental market, which has

increase in the City of Edmonton by 3% on average.

stood around 1% vacancy for the last two years. Despite

Job creation should average close to 2.6% over the

all the activity in this sector vacancy could “jump” to 1.4%

next

which remains at virtually no vacancy. Monthly rent is

three

years,

with

an

average

annual

unemployment rate of 4.7%.

expected to increase, therefore, what is the threshold renters are willing to pay before moving to ownership?

So what does this mean for builders and consumers in regards to housing demand? In any business and

For consumers, it would be logical to purchase sooner

market, more demand results in higher prices.

rather than later as prices will continue to rise, granted, at

Edmonton builders and developers are active in

a healthy pace.

bringing new developments and housing to market because they see the necessity (or opportunity) to

With low interest rates and a blue sky above us,

generate enough supply. However, having stated this,

consumers are clear to take off.

housing supply in Edmonton is currently razor thin.

Intelligence House studies have shown that there is an

Until Next Time!

estimated 6.46% of the population in the market to purchase a new home. If we were to compare this

Intelligence House is Edmonton’s newest and most innovative Real Estate Marketing Agency with a focus on market intelligence as well as full marketing and sales services to real estate industry professionals.

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 19

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INDUSTRY UPDATE

Edmonton’s spring housing

Jim Rivait is chief executive officer of Canadian Home Builders’ Association – 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.

O

ptimism about Edmonton’s positive prospects is lifting home sales and is sure to have many people thinking about buying their first home.

To get ready, homebuyers have been watching their spending to save for a down payment, setting a budget, and talking to parents about whether they can help out.

Edmonton stands out within the province as a place where new-home buyers continue to have a wide range of choices

EDM CG 04-25-14.indd 20

// BY JIM RIVAIT

MARKET IS COMING UP ROSES In Alberta, these first-time buyers are planning a 15-per-cent down payment. A new survey by BMO also shows that buyers here plan to spend substantially more than other Canadians.

They are also watching the market – with 40 per cent resetting their purchase time line due to rising real estate prices.

But with our city growing at a pace three times faster than the rest of the country, delaying a purchase is not likely to bring any price breaks.

Calgary has already set new record prices and “Edmonton is within a hair of peak levels as well,” says Robert Kavic, senior economist with BMO Capital Markets. He called a recent report, Alberta Bound … for Another Housing Boom.

The same factors that have economists like Kavic singing Edmonton’s praises are helping to convince renters to buy into the Edmonton market.

Employment is growing in Alberta at 3.8 per cent per year – that’s compared to almost no growth elsewhere in Canada. And the energy sector boom is spilling over to create jobs in construction, trade, professional services and hospitality. Along with plenty of jobs, come the highest wages in Canada.

“Wage differentials between Alberta and the rest of Canada continue to widen,” Kavic says. “Consider that the average hourly wage rate is $6 higher in Alberta than in Atlantic Canada – the widest gap in decades.”

Looking ahead, the traditional Alberta advantages – low income taxes and no provincial sales taxes – will continue to attract new residents even if other parts of Canada recover from the economic slump.

The strong employment picture, along with growth forecasts that far outshine the national average, point to a tightening supply of homes for sale.

Fortunately for buyers, BMO says we have not returned to the wild times of the last decade when new homes were snapped up at a frenzied pace.

Edmonton stands out within the province as a place where new-home buyers continue to have a wide range of choices.

Even better, paying for a mortgage takes a much smaller bite out of household income now than during boom times.

Kavic joins other economic observers in predicting that home prices will rise and home builders will respond to market demand with more construction.

“This is clearly a case of superior economic and demographic fundamentals at work, not a bubble rearing its head.”

All signs point to a busy construction season this spring – and plenty of reasons to start putting your money to work building equity in a valuable asset, your new home, rather than a rent bill that’s sure to keep on rising.

The Canadian Home Builders’ Association – Alberta represents more than 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services.

2014-04-17 5:46 PM

It really is about what’s inside.

Take the time to see the difference built into every Landmark home.

FULLY-LOADED CONDOS

STYLISH TOWNHOMES

SPACIOUS DUPLEXES

ASpen MeAdowS 5 | now SoLd oUT! ASpen MeAdowS 6 | 50% SoLd! FRoM $180s | 780-701-3085 Visit our Show Suite at Aspen 5, 2203-44 Avenue

CAeRnARVon | FiRSTpLACe* | 780-702-8360 CHARLeSwoRTH | FRoM $290s | 780-702-8311 CLAReView | FRoM $290s | 780-702-3124 LAkeLAnd Ridge | FRoM $260s | 780-702-7261 LARCH pARk | FRoM $480s** | 780-702-3120 MAgRATH | FRoM $380s | 780-702-3120 TAMARACk | SoLd oUT!

CHARLeSwoRTH | FRoM Low $300s 780-702-8311

wALkeR LAkeS | CoMing Soon!

Visit our website & email for information.

LAkeLAnd Ridge | FRoM Low $300s 780-701-7261 TAMARACk | SoLd oUT!

*Landmark is committed to the City of Edmonton’s First Place Program which offers first-time home buyers affordable, entry-level housing. *Landmark is committed to the City of Edmonton’s First Place Program that offers first-time home buyers affordable, entry-level housing.

VISIT OUR BEAUTIFUL HOMES IN:

ASPEN MEADOWS • CLAREVIEW • CHARLESWORTH CAERNARVON • LAKELAND • LARCH PARK MAGRATH • TAMARACK • WALKER LAKES

HOURS OF OPERATION:

Mon-Thurs: 3 – 8pm Friday: Closed Sat, Sun & Holidays: 12 – 5pm

LandmarkGroup.ca

* Starting price will vary between community, please call for more exact pricing. ** From the $490s including $10,000 CCEMC rebate

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

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Coming soon

On Stands Now! Watch it!

Octoberfor 2012

BUILDER & DEVELOPER

A Comprehensive Guide to Edmonton’s Builders, Developers and Communities

The stories behind Edmonton’s top builders, developers & new communities

1

Co

22 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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023-TD 0 ontario.in

Dear Mortgage, I’m taking time off to give something back.

Take time off from your mortgage payments.

A flexible mortgage from TD lets you dedicate time to making the world a better place. Just add a little extra to your regular payments and you could have the option to take a payment vacation for up to four months1. It’s just one of TD’s flexible mortgage features.

Visit a branch or tdcanadatrust.com/paymentvacation

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Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.

ontario.indd 023-TD EDM CG03-28-14.indd 04-25-14.indd 1 1 23

2/19/14 2014-04-17 12:29:52 2:15PM 5:46 PM

Web Directory BUILDERS/DEVELOPERS

Find your next condo online, it’s easy!

BUILDERS/DEVELOPERS

Abbey Lane Homes

www.abbeylanehomes.com

Sage Gardens

www.sagegardensliving.com

Albany Trails

www.albanytrails.ca

Secord Corners

www.secordcorners.ca

Californian Parkland

www.vipliving.ca

Serenity

www.liveserenity.ca

Callaghan Ravines

www.callaghanravines.com

Solara at Skyview

www.solaraliving.ca

Carrington Communities

www.carrington.ca

Stafford Greens

www.staffordgreens.com

Christenson Developments Ltd.

www.cdlhomes.com

Station Pointe Village

www.stationpointe.com

Concept Homes

www.concepthomes.ca

Tenor on the River

www.touchstalbert.com

Coventry Homes

www.coventry-homes.com

Tessco Incorporated

www.edmontoncondo.com

Daytona Homes Master Builder

www.daytonahomes.ca

The Icon

www.theicon.ca

Encore Tower

www.encoretower.com

The Rushes of Southfork

www.rushesofsouthfork.ca

Footprint Developments

www.footprintdevelopments.ca

The Signature

www.signatureambleside.com

Fox One

www.foxtowers.ca

Ultima

www.ultimatower.ca

Grande Design Homes

www.grandedesign.ca

Victory Lane

www.victorytownhomes.com

Homes by Avi

www.homesbyavi.com

Windermere Mansions

www.windermeremansions.com

Landmark Urban Living

www.landmarkgroup.ca

Windermere Waters

www.windermerewaters.com

Maxx Urban Living

www.livemaxx.ca

Meridian Plaza

www.meridianplaza.ca

RELATED BUSINESS

Park Homes

www.parkhomes.ca

Parkwood Master Builder

www.parkwoodmasterbuilder.com

Canadian Home Builders’ Association – Alberta

www.chbaalberta.ca

Canadian Home Builders’ Association – Edmonton

www.chbaedmonton.ca

Dangie K-9 Service Inc. Your Condominium Security Specialists

www.dangiek9services.com

Robert F. McLeod

www.robertmcleod.ca

Rohit Communities

www.rohitcommunities.com

››

If you wish to advertise your Web site in our Web Directory please call 587-784-4044

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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.

51 Ave.

38 Av e.

39 Ave.

8

43 Ave.

Calgary Trail North QE II

91 St.

Millwoods Rd.

34 Ave.

MAP LISTINGS

6 5

3

4 1 23 Ave.

Ellerslie Rd.

12

11

91 St.

66 St.

10

50 St.

Parsons Rd.

4

30 St.

Anthony Henday Dr. 216

9

2

101 St.

!

41 Ave.

7 URBAN VILLAGE ON WHYTE

1 CHARLESWORTH

BY LANDMARK COMMUNITIES

BY CARRINGTON COMMUNITIES

5503 - 3 Ave. SW

7907 - 71 St.

2 SOUTHWINDS

8 ASPEN MEADOWS

BY CARRINGTON COMMUNITIES

BY LANDMARK URBAN LIVING

6084 - Stanton Dr. SW

43A Ave. & 23 St.

3 WALKER LAKE LANDING

9 SOUTHERN SPRINGS

BY CARLISLE DEVELOPMENTS

Corner of Welsh Dr. & Watt Blvd SE 4 TAMARACK

BY DAYTONA HOMES

655 Tamarack Rd. 5 ELEMENTS AT LAUREL CROSSING

BY CARRINGTON COMMUNITIES

#44, 6520-2 Avenue SW

11 ELEMENTS AT WILLOWHAVEN

BY CARRINGTON COMMUNITIES

34 Street & 16 A Ave NW 6 TRAILS OF MILLCREEK ESTATES 34 St. & 35A Ave.

655 Watt Blvd.

10 THE EDGE IN ELLERSLIE

BY LANDMARK COMMUNITIES

BY PARKWOOD MASTER BUILDER

BY PARK HOMES

56 Street & 7 Avenue

12 MAPLE WAY GARDENS Off of Maple Road & 8 Street

SOUTHEAST EDMONTON | Call Riley 780.756.0096

STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

Please see our ad between pages 00 and 00

CONDOS FROM $213,900 6084 Stanton Drive SW (East on Ellerslie Road to 70 Street) NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 25

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SOUTHEAST

LIVING on the Edge in Ellerslie

I

t’s not every day that a homebuilder in Edmonton comes up with something new— something never seen in the market—which means today is not your usual day. Enter Daytona Homes’ The Edge in Ellerslie condo development.

The Edge is a new style of duplex condo in Edmonton that looks like a single family home from the curb. Rather than one building with side-by-side homes, where you have one home on the left and one on the right, The Edge duplexes are one building with one home upstairs and one home downstairs. This means you have windows around all sides of the homes, and the only shared “wall” is the floor/ceiling.

“Thanks to the up-down layout, our homes are very bright and spacious,” says Jerry Baird, sales consultant from The Edge. “We have a single building with a 1,015 sq. ft upper with its own single front attached garage, and a 1,034 sq. ft lower home, also with its own single garage.” (Garages are insulated and dry-walled.) The upper homes have rear decks and the lower homes have private patios, perfect for summer entertaining. All homes are selfcontained and have their own furnace, hot water heater and laundry.

There are three floor plans to choose from at The Edge, one for the lower level homes and two for the top. All lowers are open-planned, and have two-bedrooms and one bathroom, while the uppers have the option of either three bedrooms and one bathroom or two bedrooms and two bathrooms.

“All cabinetry is solid maple and includes a tile backsplash and single-lever faucets through the home. In addition, granite countertops are available for the granite lovers out there” explains Jerry.

There’s carpet and lino throughout, and an option exists to add vinyl plank flooring (hybrid between vinyl and laminate). Hunter Douglas blinds are included in the home, and there are four interior colour packages to choose from.

Daytona uses a special noise reduction floor system between the two homes well above the building code to ensure a quiet and peaceful environment. “Our home buyers comfort is important to us and that is why we have included this as a standard feature in the entire project. The added insulation makes a world of difference and you will be pleasantly surprised at how quiet it is,” says Jerry.

Jerry: “The Edge is in a really nice location. It’s nestled beside an established single-family community on one side, and just slightly north of the Ponds in Ellerslie.

Living in a developed area is a plus because you will not be in an area with construction going on all around you. Bus service is right on the corner, too,” which makes this community great for commuters/young professionals. There are tons of amenities in the area including hiking and biking trails, commercial and professional businesses, schools, golf courses, restaurants and grocery stores. Plus, it’s just off the Anthony Henday.

The whole community is beautifully (and fully) landscaped, and all exteriors are maintenance-free, ensuring the already low condo fees (around $130/month) stay low.

Homes are priced in the mid $200,000s ($540 b/w). There are currently eight move in ready homes available, and the last phase of the project will start with possessions in the fall. Jerry says the community will likely be sold out by Christmas.

Purchase a home in The Edge and relax with peace of mind, knowing Daytona’s 20+ years of experience, and award winning sales consultant, Jerry Baird, who possesses 30 years of industry experience will be there to provide exceptional customer service from day one.

There are only 44 homes in The Edge community, and they are selling quickly.

Come down to The Edge at #44, 6520 2 Avenue SW, and check it out yourself.

Showsuite is open from 3–8pm, Monday– Thursdays and 12–5pm on weekends and holidays (closed on Fridays).

You can also visit the project’s great website—with interactive live chat— at www.edgeinellerslie.ca. For more information, feel free to also call the sales centre at 587-523-8610 or email theedgeinellerslie@daytonahomes.ca.

26 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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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.

Visit www.MySage.ca or call 780-423-5510!

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CMHC REPORT

MARCH 2014 HOUSING STARTS HOUSING STARTS IN CANADA were trending at 184,476 units in March compared to 191,126 in February, according to Canada Mortgage and Housing Corp.

(CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

“In March, the trend in housing starts declined below 190,000 units for the first time in six months, reflecting a decrease in multiple-unit starts. Lower starts activity over the remainder of the year compared to 2013 is anticipated as builders continue to adjust activity in order to manage inventory levels,” says Mathieu Laberge, deputy chief economist at CMHC. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market. In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.

The standalone monthly SAAR was 156,823 units in March, a decrease from 190,639 in February.

The SAAR of urban starts decreased by 18.8 per cent in March to 142,502 units. Multiple urban starts decreased by 25.5 per cent to 87,372 units in March while the single-detached urban starts segment decreased by 5.4 per cent to 55,130 units.

In March, the seasonally adjusted annual rate of urban starts increased in the Prairies and British Columbia, and decreased in Atlantic Canada, Ontario and Quebec.

Rural starts were estimated at a SAAR of 14,321 units.

As Canada’s national housing agency, CMHC draws on more than 65 years of experience in helping Canadians access a variety of highquality, environmentally sustainable and affordable housing solutions.

CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions. Follow CMHC on Twitter@CMHC_ca

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 29

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HOT TOPIC

3

Better for the environment:

Most of the energy we consume in Canada comes from fossil fuels. As a result, the energy we save in heating, cooling and powering our home will help reduce our environmental footprint. In addition, using energy-efficient light bulbs, low-flow showerheads, and waterconserving toilets will all contribute to a Greener home. Many new energyefficient homes are even being built using insulation, drywall or wood trim manufactured using recycled materials.

Consumers looking to achieve greater energy efficiency at home have a wider array of energyefficient options to choose from

Great reasons to choose a

GREEN HOME

1

Energy savings: Today, 17 per cent of all energy used in Canada goes toward running our homes. We consume a significant amount of energy for heating our homes in the winter and cooling them in the summer, and don’t forget about the energy we use to heat water used for bathing and cleaning. Imagine the savings on your energy bills if you choose an energy-efficient new home.

2

Better to live in: Energy-efficient homes have fewer of those

uncomfortable drafts and cold spots. Some homes have specially designed ventilation systems that bring fresh outdoor air in and send stale indoor air out. R-2000-certified homes, for example, are built using healthier building materials, such as lowVOC (volatile organic compounds) paints, flooring, and cabinets to further improve indoor air quality.

4

Affordability: Buying expensive,

custom-built homes used to be the only way to acquire an energy-efficient home. Today, thanks to initiatives such as Leadership in Energy and Environmental Design (LEED), the EnerGuide rating system, R-2000 Standard and Energy Star for New Homes, consumers looking to achieve greater energy efficiency at home have a much wider array of energy-efficient options to choose from.

If you are planning to buy a new home in the coming months, spend some time on the NRCan website at newhomes.nrcan.gc.ca or call 1.800.O.Canada (1.800.622.6232) for more information on the various energy-efficiency programs that are available in Canada. NC

30 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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NorthEastEdmonton M Fo ANNIN GF rt WY. Rd .

34 St.

8 16710Ave.

ve.

137 A

Rd .

137 Ave.

Fo rt

132 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

104 Ave. North Saskatchewan River

5 BRINTNELL SUMMIT

BY QUALICO LIVING 445 Brintnell Blvd NW 6 CLAREVIEW VISTAS

BY CARRINGTON COMMUNITIES

6076 Schonsee Way NW 3 STATION POINTE

BY BCM HOMES 403 Belvedere Way 4 NORTHSHORE

BY CARRINGTON COMMUNITIES

6076 Schonsee Way NW

7 11 Hooke Rd. Hermita ge Rd. YEL LOW HEA DT RAI L 34 St.

129 Ave.

38 St.

3

127 Ave.

6

20 St.

144

.

Ave

Victoria Tr.

50 St.

66 St.

87 St.

144 Av e.

151 Ave.

22 St.

5

82 St.

97 St.

.

160 Ave .

Ave 153

195 Ave.

4 2

91 St. 9 1

9 L AKEVIEW TERRACE 179 Ave, east of 87 St. 10 E LEMENTS AT MCCONACHIE

BY LANDMARK COMMUNITIES

BY CARLISLE GROUP

3625 144 Ave NW

167 Ave. & 53 Street

7 T HE AVENUE AT HERMITAGE

BY CARRINGTON COMMUNITIES

1188 Hyndman Road

11 E LEMENTS AT HERMITAGE

BY CARRINGTON COMMUNITIES

Hyndman Crescent

8 AIR HARBOUR/ALTITUDE

BY ROYAL WEST HOMES 175 McConachie Dr.

NORTHEAST EDMONTON | Call Falisha 780.473.9143

elementsbycarrington.ca Please see our ad on the inside back cover

CONDOS FROM THE $170’S 1180 HYNDMAN ROAD (Off Victoria Trail, Second right on Hyndman Crescent) NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 31

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NORTHEAST

MODERN ADULT VILLAS • Ceramic tile & hardwood • Gourmet kitchen with pantry • Full appliance package • Fireplace • Window coverings • Central vacuum • Deck & landscaping • Hardie board exterior finish • Maintenance free living

OVER 60% SOLD!

DONATE TODAY. STOLLERYKIDS.CA

ASK ABOUT OUR GREAT PURCHASE INCENTIVES

780-466-4099

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.

www.airharbour.ca Open Mon-Thurs 2-8pm, Sat-Sun 12-5pm 175 McConachie Drive For more information contact: Nina Flora

STYLISH TWO-STOREY TOWNHOMES Starting from the $260’s!

032-Royal West Air Harbour QP 04-25-14.indd 1

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Soar to New Heights with Exceptional Standard Features at Amazing Prices HARDWOOD & CERAMIC TILE FIREPLACE & FULL APPLIANCE PACKAGE Great Purchase Incentives

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For more information contact: Nina Flora Altitude located at: 450 McConachie Way | Mon-Thurs 2-8pm, Sat-Sun 12-5pm 32 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com 032-Royal West Altitude HP 04-25-14.indd 1

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WHO LIVES IN THE LANDINGS? Rohit Communities has partnered with the City of Edmonton’s First Place Program - an initiative to redefine home ownership for first time buyers. The Landings Townhomes are now selling in North and South Edmonton!

KATHRYN TAWA LANDING HOMEOWNER WHAT DO YOU DO?

I am a health safety coordinator with Epcor, and I am also an EMT with a private ambulance company.

WHAT’S YOUR FAVORITE THING ABOUT YOUR NEW NEIGHBOURHOOD?

I like the neighbourhood because it is very central and close to many amenities, the hospital, the police station, the fire hall, grocery stores, malls, and libraries. Plus it is close to my daughter’s school and the new LRT system will be close by in about 5 years.

MY FAVORITE THING ABOUT MY/OUR LIFE NOW IS….

I have a sense of independence & accomplishment from owning my first home! It feels like my daughter and I have really made it – that we are able to get our own house – it is a big sense of accomplishment for me.

WHAT SHOULD PEOPLE KNOW ABOUT THE FIRST PLACE PROGRAM?

The First Place Program is for everyday people. It’s not a certain clientele in the first place program – it’s every walk of life. I was living in my parent’s house thinking about saving up the money and going the traditional route of owning my own home and then I found this on the Internet, it was karma, everything was lining up. Being able to have my own home - that just opens up so many more doors and possibilities of where I can go and what I can do.

WHAT ARE THE BENEFITS OF BUYING IN A FIRST PLACE PROGRAM NEIGHBOURHOOD?

You get a sense of belonging and a collective feeling that you are in a similar situation; you’ve all risen to the challenge and have the same sort of accomplishment in getting this home. It gives you a sense of camaraderie.

Anthony Henday Drive

RohitCommunities.com

034-035-Rohit EDM CG 04-25-14.indd Landing 04-25-14.indd 34 2

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Yellowhead Trail EDMONTON

NOW SELLING! Call Lynn at 780.914.1565 Whyte Ave

Gateway Blvd

Calgary Trail 111 S

Ellerslie Road 3 034-035-Rohit EDM CG 04-25-14.indd Landing 04-25-14.indd 35

50 St

Whitemud Drive

75 St

Anthony Henday Drive

N

66 St

me

17 2:15 PM

Now Selling in Casselman Landing, a brand new Rohit Communities project in Edmonton’s Northeast! Casselman Landing is offering townhomes up to 1295 sq. ft. featuring two or three bedrooms, laminate, tile, granite in the kitchen, appliances, full landscaping and upgrades are available! Live maintenance free year round! Close to services, shopping, entertainment and amenities.

153 Ave

na

RohitCommunities.com

23 Ave

Ellerslie Road

2014-04-17 5:46 2:15 PM

NORTHEAST

THE RADIANCE IN EAUX CLAIRES

L

ocated at the corner of 95th Street and 160th Avenue, Footprint Developments presents their exciting new condominium and townhome development in Eaux Claires. Ideally situated just off 97 Street, the Radiance is the ultimate home choice for buyers who are looking for convenient, urban-style living with an exceptional location. Residents of the Radiance will find themselves surrounded by an abundance of first-rate amenities, including supermarkets, banking, restaurants, schools and much more. This charming northwest neighbourhood provides access to major roadways that are only minutes away, including the Anthony Henday, allowing for quick and easy commutes in and around the city.

Offering two styles of homes to choose from, condos and townhomes, the Radiance development presents numerous home sizes and pricing options that are sure to suit an array of lifestyle needs. Each Radiance product offers buyers the added benefit of energy efficiency. Built Green, these homes were designed with the environment in mind and have been engineered to maximize efficiency and reduce waste. Each home features double-pane windows, energy-efficient appliances, low-VOC paint, and several other environmentally conscious features that add value and plenty of appeal to the property.

The four-storey condominium building features a

modern exterior with brick accents and aluminum cladding. A heated underground parkade provides homeowners with safe and secure parking, also ensuring vehicles are warm and snow-free throughout the winter season, while ample visitor parking offers guests convenient access to the main entrance. Spacious common areas, plus pressurized and air conditioned corridors, enhance the building’s comfort. A video security camera entrance system allows for a secure entrance into the Radiance condominiums, providing peace of mind for all residents.

Suites range from 601 to 1,168 sq. ft. and are available in one-bedroomplus-one-bath and two-bedroomplus-two-bath options. There are 10 floor plans to choose from, including limited availability for a three-bedroom-plus-two-bath floor plan option. Each suite features an open-concept floor plan with upgraded laminate flooring through-

36 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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out. A designer lighting package and quartz kitchen countertops complement the modern design of the suites.

Stainless steel appliances, three-inch baseboards and Decora style light switches all increase the visual appeal within these beautiful homes. Plus, an in-suite laundry and storage area with stacking washer and dryer offers added convenience. Each home also features a covered balcony, allowing homeowners to use their outdoor space throughout the year.

Radiance townhomes offer spacious home living with the all the benefits and convenience of condo amenities. Perfect for consumers who are looking for multi-level living space, these two-storey homes combine urban style and private living. Each three-bedroom home offers an extensive list of features, including an oversized two-car garage with flex space, a large balcony with gas barbecue outlet, and beautifully finished exterior with stone accents.

The front yards are also expertly landscaped and completed with trees and shrubs.

The townhomes’ interiors have been designed with contemporary luxury in mind. Stylish lighting and eight-ft. ceilings enhance the open-concept style that is presented.

An exceptionally spacious kitchen

PERFECT FOR CONSUMERS WHO ARE LOOKING FOR MULTI-LEVEL LIVING SPACE, THESE TWO-STOREY HOMES COMBINE URBAN STYLE AND PRIVATE LIVING features a wrap-around design with a decorative backsplash. Modern flat panel kitchen cabinets with granite countertops and a stainless steel double sink ensure you have plenty of space to cater to family and friends. Six black or white appliances are included with the home, with the option to upgrade to stainless steel. Each townhome has been designed to allow for the most effective use of space and with convenient home living in mind. All bedrooms and living areas feature TV and telephone outlets – ready for use right when the homeowner moves in. Throughout the main floor tile & laminate are found.

With over 67 years of residential and commercial development experience, the Footprint Developments Management team has the knowledge and expertise in creating exceptional apartment condominium, duplex and townhomes that fit the needs of homebuyers. Specializing in efficiently designed homes, Footprint developments provide homebuyers with a quality product that features energy-efficient technology and convenient designs. Phase 1 condos at the Radiance are now 90 per cent sold! Phase 2 is now selling with prices starting in the upper $100’s.

Townhomes are also in high demand at the Radiance! Phase 1 is almost sold out and sales have now begun in Phase 2 of the development with prices starting from the mid-$200’s.

For more information or to learn more about the condominiums and townhomes at The Radiance, visit their website at radiancecondos.ca or call Suzie at 780.940.1803. Visit the sales centre at 9505 160 Ave. NW, open Monday to Thursday from 3 to 8 p.m.; Saturday, Sunday and holidays from noon to 5 p.m.

SELLING FAST!

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 37

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CRYSTALLINA NERA

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Wilshire Blvd.

MAP LISTINGS

1 WALNUT GROVE

BY DYNASTY BUILDERS

#85 - 15 Woodsmere Cl.

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

INA NERA

17 2:15 PM

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INVESTOR ADVICE

5 things to know

// BY ANDREW LA FLEUR

BEFORE BUYING AN INVESTMENT CONDO 1 | The goals Before you buy any investment condo, know what your goals are. Are you looking for a short- or long-term investment? What kind of return do you want to achieve? Are you more interested in income or capital gain – or both?

Deciding what your goals are up front will better help you achieve them in the long run.

Andrew la Fleur is an award-winning realtor with Re/Max, specializing in investment condos. Follow him on Twitter @AndrewLaFleur

S

o, you’ve decided to buy an investment condo in 2014.

Congratulations! But before you dive into any investment condo purchase, there are five things you need to figure out first:

Understanding the typical marketing cycle that a new condo undergoes, from pre-construction to completion, will help you identify the right time to buy

2 | The budget Talk to your mortgage broker or lender and get a mortgage pre-approval before you start condo shopping. This will help you figure out what you can afford, and will help you narrow down your search. Also, make sure you are prepared for the developer’s requirements with respect to financing. Most new condos will require a 15- to 20-per-cent deposit up front, as well as a mortgage approval letter showing you can afford the unit you are purchasing.

3 | The exit strategy Th is is a very important question many fi rst-time investors fail to answer before buying a new condo. Will you buy, hold and rent for the long term before selling? Will you buy pre-construction and then fl ip (assign) your unit prior to the fi nal closing? Will you buy pre-construction, close on the unit, rent it out for one or two years, then sell it? Will you buy the condo, wait for completion, then refi nance and re-invest the proceeds? Assess the risks and rewards associated with the different exit strategies and start with the end in mind.

4 | The property Buying a new condo for investment purposes is different than buying for yourself. Some units make better investments than others. Consider which locations are likely to experience the most growth in the next few years. What type of unit is most attractive to renters, and which units tend to appreciate in value faster than others?

5 | The timing Understanding the typical marketing cycle that a new condo undergoes, from pre-construction to completion, will help you identify the right time to buy.

When buying for investment purposes, it’s generally best to buy at the earliest possible stage when a new building launches. This is when prices are the lowest, and availability of investor-grade suites is highest. But there are other great chances to buy, including right before the developer meets the sales target to secure construction financing, or during the occupancy stage. In both of these instances, developers tend to be highly motivated to sell and this is when they often introduce great buyer-incentives or cash discounts.

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28

Gibbons

51 S tree t

53 Avenue

1

MAP LISTINGS

50 A venu e

Highway 28A Edmonton

Stu rg eo n

Ri ve r

y wa gh i H

1 RIVERSIDE POINT 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 22 ISSUE 05 | NEW CONDO GUIDE 41

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DESIGNER ADVICE

BED-SIDE // BY YANIC SIMARD

looks

// PHOTOS BY BRANDON BARRE & TED YARWOOD THERE’S MORE TO THE SCIENCE OF SLEEP THAN PICKING

a comfortable mattress. Your bedside accoutrements need to be ready to house a good book or two (and hide those glowing electronics) to give you peaceful slumber in style. There are more options out there than the humble night stand. To put some variety in your nightlife, here’s my guide to all things bedside.

Table essentials: » A bedside table is typically 24 to 28 inches high – around the height of the mattress it accompanies (so you may want to go taller for a very high bed or shorter for a modern low style). » A lamp with a switch on the cord will be easier to flick on and off than a switch under the shade. For maximum ease you can instead have a switch wired into the wall, hidden behind the headboard or table for a clean look.

» Dimmable lamps will adjust to the wide range of light levels desired, going from a restful glow to wide-awake bright. You can have a dimmer system built in during your condo’s construction, or find a dimming style after the fact. Just be sure to choose dimmable bulbs.

5

BEDSIDE LOOKS TO INSPIRE YOUR DESIGN DREAMS:

LOOK 1 CLASSIC COUPLE

What Identical side tables with matching lamps.

Why The consistency of a matching set leads to a sense of rhythm, and perfect symmetry can be calming.

How I like using mirrored or marble side tables against an upholstered headboard to add some drama. Using the same material throughout can be too matchy-matchy.

Designer Jonathan Adler makes a line of chic table lamps which mix traditional elegance with modern energy.

My Pick Saarinen-style marble-top table.

42 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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LOOK 2 BIG AND SMALL

What Small table with large lamp; large chest with small lamp.

Why A chest of drawers at table height will add more storage (great for smaller spaces), with the lighter lamp to help balance against the opposite side.

How Large furniture stores will likely have a matching table and chest for easy coordination, or you can go with two styles in related materials (even in slightly different heights). Pick a stand-out lamp for the more petite table and balance it with a quieter style on the chest. Just check that the lamp shades will sit at the same level (add the table and lamp dimensions) for a polished finish.

Also consider using a desk instead of the chest to create a miniature home office.

My Pick Urban Barn’s “reflection” accent table and chest of drawers.

LOOK 3 BEDTIME STORY

What Table with lamp; chair with floor lamp.

Why Having a proper chair gives you a space to read or tie your shoes, but can also hold a book, electronics, or a tea tray just as a table would.

How In a modern space I like a transparent or metal chair for an open and airy look, but you can also use a small upholstered wing chair for stylish comfort. Add a slim floor lamp for reading, or even a petite table for your coffee and tea. In a client’s bedroom I recently used a swing arm sconce over a clear plastic chair and added an antiqued mirror for a dramatic backdrop.

My Pick Louis Ghost chair (with arms) or Victoria Ghost (without arms).

LOOK 4 NIGHTCAP

What Bar cart turned table.

Why A bar cart is one of my favourite flexible furniture pieces, and not just for cocktail hour. It makes an unexpected side table, but the look is both trendy and practical.

How Because bar carts are usually open and airy, choose one in a bright colour, sparkling metal or rich wood to balance a dark, heavy table. Fill the top and bottom with your most beautiful books and boxes, and leave space on top for a lamp.

My Pick Moller Trolley wooden cart from Design Within Reach.

There’s more to the science of sleep than picking a comfortable mattress.

LOOK 5 TRENDY TRAVELLER

What Stack of luggage as table.

Why A jet-setter, trend-setter look, a suite of chic luggage you’ve invested in should be seen more often than just at the airport.

How Pile the luggage to table height, and use it to store out-of-season clothes between trips. Perch a lamp on top or use a low floor lamp. Add a traditional metal fan or a globe for old-world charm.

My Pick Classic Louis Vuitton LV print luggage with leather trim.

YANIC SIMARD is the design editor of New Condo Guide and principal designer of TIDG. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors.

Yanic has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 43

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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

44 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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St.Albert ros e Dr.

1 SAGE GARDENS

e.

Poirier Av

Rd .

Ro ad He be rt

Rd .

Dr. ins k t A

St. Al be r

Boudreau Rd.

TO

tT r.

167 Ave.

ED

M

ON

TO N

156 St.

184 St.

170 St. Gerva is

Av e.

er Riv

Keil lor Dr.

ud re au

Campbell Rd.

Bo

e.

Av ill h c r hu nC o t ns Wi Sir

Levasseur Rd.

MAP LISTINGS

3

4

Ga te

n eo rg u t S

Kin gsw ood Blvd.

lle Be

Sturg eon Rd .

ve. yA enn K c M

ron Per

Lacombe Dr.

2

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ert .

St. Alb

G

1

Element Dr. Erin Rid ge Dr.

TO MORINVILLE

3 BOTANICA

BY VI PROPERTIES

BY BOUDREAU DEVELOPMENTS LTD.

25 Element Drive

105 Bellerose Drive

2 CITADEL VILLAGE

4 TENOR ON THE RIVER

BY CHRISTENSON COMMUNITIES

DEVELOPED BY MCLEOD PROJECT MARKETING

St. Albert Trail & Ridge Drive

35 Sturgeon Road

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 45

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NorthWestEdmonton City Boundary

162 A ve

15

153 Ave. 6 16 8 1 10 4

121 St. 113A St.

150 Ave.

He

lbe

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.

A St.

11

135 St.

137 Ave.

Dr

13 nd ay

142 Ave.

97 St.

127 St.

.

148 Ave.

Campbell Rd.

2 3 14 167 Ave. 5 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

138 St & 167 Ave. 3 AVIVA

BY CARRINGTON COMMUNITIES

167th Ave & Albany Way 4 V ICTORY LANE

BY ABBEY LANE HOMES

2510 Pegasus Blvd.

5 UPPER CARLTON

BY REID BUILT HOMES 13838 - 166th Avenue 6 V ALOUR

BY CARRINGTON COMMUNITIES

North of 137 Ave along Griesbach Parade

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 CASSEL COMMUNITIES

15503 - 139 St. 10 MCCRAE ESTATES

BY CHRISTENSON COMMUNITIES

4450 McCrae Ave.

13 STARLING AT BIG LAKE

BY ROHIT COMMUNITIES

137 Ave & Ray Gibbons Dr. 14 ELEMENTS AT ALBANY

BY CARRINGTON COMMUNITIES

167 Ave & Albany Way 15 CAERNARRON KEEP - FIRST PLACE PROGRAM

BY LANDMARK COMMUNITIES

14621 - 121 St. NW 16 JUNO TOWNHOMES

BY SLOKKER CANADA WEST

2570 Pegasus Blvd.

11 VILLAGE AT TRUMPETER

BY ROHIT COMMUNITIES

2055 Trumpeter Way NW 12 LEGACY POINTE

BY CONCEPT HOMES MASTER BUILDER

18230 - 104A Street

NORTHWEST EDMONTON | Call Eva 587.520.3372

STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

CONDOS FROM $188,900

Font: Optima Roman & Bold, all caps & small Caps C:72 M:75 Y:0 K:0

Please see our ad between pages 00 and 00

167 AVENUE & ALBANY WAY (South of the Henday, South on 127 St) C:23 M:0 Y:45 K:0 C:0 M:0 Y:0 K:85

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 47

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IN THE NEWS

CONDO PRICES CLIMB AS DEMAND INCREASES Edmonton real estate market sees healthy gains in first quarter THE ROYAL LEPAGE HOUSE PRICE SURVEY RELEASED RECENTLY SHOWS

strong year-over-year price increases for all housing types surveyed in Edmonton.

Standard condominiums led the market in the first quarter, posting a 6.9-per-cent year-over-year increase in the average unit price to $224,250. Standard two-storey homes jumped 5.5 per cent to $371,000, while detached bungalows increased by 5.3 per cent to $341,651.

“Compared to the first quarter of last year, we have seen house prices appreciate markedly,” says Tom Shearer, associate broker at Royal LePage Noralta Real Estate.

“The appreciation was especially seen in the condo sector which saw the greatest increase.”

According to Shearer, in previous years single-family homes have been most in demand and sold quickly, but this has shifted in the first quarter.

He suggested that because of recent price appreciation in other housing categories, properties in multi-family developments like condos and townhomes are becoming more in demand.

“The difficult winter caused a slower-than-usual first quarter for Edmonton residential real estate, and inventory at the end of the period was down significantly from the same period last year,” Shearer adds.

“We expect that with better weather we will see surfeit of inventory make its way onto the market.”

Nationally, most regions showed healthy year-over-year price growth, with the average price of a home in Canada rising between 2.5 and 5.4 per cent. In the first quarter, the average price of a two-storey home increased 5.4 per cent to $428,943, while detached bungalows rose 4.4 per cent yearover-year to $380,765. Standard condominiums posted slightly lower gains of 2.5 per cent to $252,174.

“With the slightest trace of a weather recovery in most parts of the country, we are now finally seeing the arrival of housing inventory. This, combined with pent-up demand following a particularly long and harsh winter, is setting the stage for an exceptionally robust spring 2014 market,” says Phil Soper, president, Royal LePage. “This is good news for buyers, as the price spikes we have seen in a number of cities will be alleviated by this additional supply.”

“With a number of supportive economic factors in place, the country’s healthy real estate market continues to display its strength,” Soper adds.

“The federal government is heading toward a balanced budget for the first time in over six years, while all signs point to a continued low interest rate environment. Moreover, the strengthening global economy and a weaker Canadian dollar are fueling demand for Canadian exports and reducing dependence on the household sector to sustain our economic success.”

48 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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Visit our sales centre:

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Mon - Thurs : 3 - 8 pm Sat - Sun & Hol: 1 - 5pm

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213 St.

Yellowhead Trail

124 St.

2

7 159 St.

87 Ave.

WHITEMUD FWY.

QUESNELL BRIDGE

6 10

199 St.

69 Ave.

11

GROAT BRIDGE

142 St.

163 St.

170 St.

102 Ave.

9

149 St.

Stony Plain Rd. 100 Ave. 156 St.

178 St.

8 1

175 St.

Rosenthal Blvd.

107 Ave.

95 Ave. 182 St.

5

Stony Plain Rd.

ANTHONY HENDAY

3

Winterburn Road (215 St.)

Secord Blvd.

Ma yfie ld

Rd .

111 Ave.

a en d.

Bu ta R Vis

17 2:15 PM

WestEdmonton

Callingwood Rd.

4 North Saskatchewan River

MAP LISTINGS

1 THE CALIFORNIAN PARKLAND

BY ABBEY LANE HOMES

2035 Grantham Court 2 JASPER GATES

BY BELJAN DEVELOPMENT

10144 - 150 Street 3 SECORD CORNERS

BY FOOTPRINT DEVELOPMENTS

9535 - 217 Street 4 SOUTH HAMPTONS

BY PARK HOMES

1520 Hammond Gate

5 JADE

9

BY CARRINGTON COMMUNITIES

NW corner of Rosenthal Blvd & 215 Street 6 GLASTONBURY MEWS & ESTATES 1589 Glastonbury Blvd 7 THE VANIER

GLENORA SKYLINE 10220 - 140 Street

10 ELEMENTS HAMPTONS

BY ROHIT COMMUNITIES

1753 Hammond Cres NW 11

STAFFORD GREENS

BY ALDRITT HOMES

62 Ave & Getty Gate

BY QUALICO LIVING

9820 165 Street 8 VIP AT CALIFORNIAN PARKLAND

BY ABBEY LANE HOMES

2035 Granthan Court

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 51

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MONEY MATTERS

// BY GAIL VAZ-OXLADE

FIXING YOUR Steps to getting CREDIT HISTORY: back on track

S

Last year, when Dixie applied for a car loan, she was turned down because of her less-than-perfect repayment history. She’s worried about the future and how her past borrowing mistakes will haunt her when it comes time to buy a home. Sound familiar?

If you see yourself reflected in Dixie’s story, no doubt by now you know you’re not the only person in this particular leaky boat. Unfortunately, many people have no experience managing credit and make mistake after mistake:

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever, and she blogs daily at gailvazoxlade.com.

Follow Gail on Twitter at Twitter.com/GailVazOxlade

A

t university, Dixie was a little slow paying her cell phone bill. While her service was never discontinued, she did carry a balance from month to month that she cleared at the end of each school year.

›› they make their payments late ›› they go over their credit limits ›› they have a b’zillion credit cards in their wallets ›› they miss making their payments, or worse ›› they stop making payments completely when they feel there’s no end to their misery.

If you’ve fallen behind and your credit record has become tarnished, where should you go from here?

First, you’ve got to get yourself some credit again so that you can demonstrate what a good job you can do managing it. The only way to establish a credit history is to use and repay credit. There are a number of ways to go about rebuilding your credit history.

Start by taking out a loan to make an investment (another good reason to start a retirement savings plan). Make your monthly payments on time and build a shiny new credit history. Since the institution that’s giving you the loan will also be holding the retirement savings, the credit procedure is far less stringent than it normally would be.

You can also ask a co-signer or guarantor to help you get a small loan of, say, $1,000, which you would then pay off over three months. It would cost you in interest, but you would be back on track credit-wise.

Don’t want to incur the interest costs? Apply for a “secured” credit card. With a secured credit card, you put up cash to cover your balance.

Lenders often want twice the credit card limit, so if you want a $500 credit limit, you’ll have to ante up $1,000. Once you’ve established your ability to manage the card – which will take from six months to a year – you can ask for the security requirement to be dropped and your deposit returned.

Thinking of hiring a credit-repair company? Don’t bother. Credit repair companies can’t do anything you can’t do yourself. A credit bureau will not remove accurate negative information from your credit report before the legal time period has expired, so don’t get suckered by anyone who claims they can mop up your credit disasters faster. There are no “loopholes.” The only way to fix a poor credit rating is to be smart about how you use credit. Learn from your mistakes and move on.

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S

SpruceGrove 3

4

3

1

2

1

2

MAP LISTINGS

1 KING STREET ON PARK

2 WINDSOR ESTATES

BY RENOIR DEVELOPMENTS

BY QUALICO LIVING

420 King Street

511 Queen Street

3 CENTURY GATES 5 Minutes North of Spruce Grove on Century Road (Rge. Rd. 272)

To Highway 16

StonyPlain Highway 16A, To Edmonton

47 Ave.

48 St.

52 Ave. 50 St.

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 22 ISSUE 05 | NEW CONDO GUIDE 53

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HOME SWEET HOME

// BY LYDIA MCNUTT

FOR SALE:

Lydia McNutt is an award-winning writer and editor of New Condo Guide.

Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

W

ell, it’s settled. We’re selling the house. My husband and I love our area, but we’re bursting at the seams. If only our house had a little more room – well, maybe two or three more rooms! – we’d never leave.

If you’ve decided to make a move, your choice is likely the result of some other major milestone in your life. Maybe you’ve graduated from university and landed your dream job. Maybe you’re getting married and want to plant your roots. Perhaps, like my family, you’ve outgrown your current home.

An objective approach to an emotional move

So, here we are: the “For Sale” sign is up and our schedule now revolves around showings – the bane of my existence. Strangers size up our home, sit on our sofa, scrutinize the decor, and snoop through the closets and cabinets.

I wonder how many of these “prospective purchasers” are serious buyers versus browsers? And, well, everyone who walks through the front door has got to be the one, right? Boy, this is already taking a toll, and we’ve just started the process!

Deciding to move is an emotional experience. The experts will tell you that you have to detach from the process. Think objectively. Leave your feelings at the door. But parting with something as personal as a home is easier said than done.

Apart from emotions, a real estate transaction involves money – lots of it.

This is probably the biggest and most complicated purchase you’ll make in your lifetime, so hiring qualified professionals who have been there, done that is key to a solid, successful, and hopefully stress-free experience. Don’t think of it as spending money, rather as saving you hassle and avoiding mistakes that could cost you a bundle in the long run.

MORTGAGE BROKER The broker’s job is to find the best interest rate and terms. Aside from potentially saving you thousands in interest over the life of your mortgage, you don’t have to pay for this service. Sound too good to be true? Mortgage brokers are compensated by the lender who gets your business, so let them do the legwork while you reap the rewards.

REAL ESTATE AGENT This is your guide, especially if you’ve never bought or sold a home. An agent can advise you on the best neighbourhoods and homes to meet your budget and lifestyle, and will negotiate on your behalf to get you the best deal on your buy. If you’re considering a DIY sale, how much time can you devote to marketing, showings and closing the deal? That alone is a full-time job, and you probably already have one of those.

REAL ESTATE LAWYER Don’t skip this step in the interest of saving a few bucks – it’s a drop in the bucket, in the grand scheme of things. A home is an investment of hundreds of thousands of dollars, so do your due diligence.

HOME INSPECTOR The money pit is a scary reality many homebuyers jump right into, and one that can be avoided. A home inspector will identify components in your potential home that are missing, broken, unsafe and not up to code. While you may be tempted to forgo this condition of purchase – especially if you find yourself in a multiple offer – do so at your own risk!

It’s not easy to think impartially about something as personal as a home. A professional, objective opinion certainly makes “detaching” a little easier.

Pick up the next issue of New Condo Guide for more on my continuing saga of selling and buying a home, and follow me on Twitter @LydiasTweets.

54 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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SouthCentralEdmonton CAPILANO BRIDGE

North Saskatchewan River

JAMES McDONALD BRIDGE

1

Whyte - 82 Ave. 76 Ave.

75 St.

85 St.

Co nn or sR d.

90 Ave. 83 St.

103 St.

104 St.

. n Dr ewa atch k s a S

95 Ave. 92 St.

105 ST BRIDGE

5

101 Ave. 98 Ave.

Scona Rd.

Sas kat che wa nD 2 r.

87 Ave.

FOOT BRIDGE

99 St.

109 ST BRIDGE

114 St.

Groat Rd .

GROAT BRIDGE

84 St.

LOW LEVEL BRIDGE

79 St.

106 Ave.

DAWSON BRIDGE

3

4 51 Ave.

MAP LISTINGS

1 MILL CREEK PARK

BY PARKWOOD MASTER BUILDER

8515 - 99 Street 2 BENTLEY IN WINDSOR PARK

BY YORKTON GROUP INT’L

11710 - 87 Ave.

3 URBAN VILLAGE ON WHYTE

BY CARRINGTON COMMUNITIES

5 LUMIERE

BY YOLO

10836-85 Ave.

7907 - 71 St. 4 THE UNIVERSITY BROWNSTONES

BY TESSCO

108 St. & 71 Ave.

SOUTHCENTRAL EDMONTON | Call Amanda 780.461.1622

STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

Please see our ad between pages 00 and 00

CONDOS FROM $192,900 7825 – 71 street (Between Whyte Ave & Argyll Road) NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 55

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SOUTHCENTRAL

LIVE THE ENERGY OFF WHYTE AVE

L

ocated in the heart of Edmonton’s arts & entertainment district is Studio Off Whyte. This stylish new condominium project features just 39 suites.

Ranging from 640 to 750 sq ft for a one bedroom plus den to 820 to 936 sq ft for a two bedroom, Studio Off Whyte is ideal for the urban professional who enjoys living in the centre of the action. Studio Off Whyte is just minutes from shopping, restaurants, parks, a year round farmers market plus much more.

Blending contemporary and heritage styles, the exterior of Studio Off Whyte is inviting and warm. Classic red brick is offset by sky blue siding & modern black accents.

Select suites even have up to 500 sq ft of outdoor living space – just imagine how fantastic would that be to entertain family & friends on.

Inside the suites, the finishes are luxurious and impressive. The 9’ ceilings make every suite feel light and airy.

Quartzite stone countertops in the kitchens & bathrooms, stainless steel appliances, large closets and glass tile backsplashes are just a few of the details that set Studio Off Whyte apart.

Starting at just $199,900, the value is exceptional at Studio Off Whyte. For more information visit the presentation centre at 10416 – 81st Avenue from 3-8pm Monday to Thursday and from 12-5pm Saturday & Sunday. Studio Off Whyte is closed Friday & holidays. Please call 780.988.0001 or visit studiooffwhyte.com to check out floorplans and much more.

56 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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GARNEAU DRAWS THE EXTRAORDINARY

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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 package. that is available for only pre-sale $1 5,000 upgrade the first 25 pre-sales.

For more information visit the Phase One Show Suite at 10808 For more information visit the Phase One Suite at 71 Avenue, open Monday to Thursday, 4-7 pm,Show weekends 1-510808 pm or 71 open Monday to Thursday, pm, weekends 1-5 pm or callAvenue, Troy Stenson at Re/Max River City,4-7 780-439-7000 call Troy Stenson at Re/Max River City, 780-439-7000

POS

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 58 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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PHASE II 65% SOLD OUT! 25 PREMIUM SUITES REMAIN 2 BED/2 BATH UNITS STARTING AT $279,900 ASK ABOUT OUR FREE $15,000 UPGRADE PACKAGE

POSSESSION FALL 2014

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PHASE 2 CONSTRUCTION NOW UNDERWAY

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QUICK TIPS

// BY HELLEN BUTTIGIEG

Don’t let your stuff

CONTROL YOU ›› You have no duty to keep gifts forever. The last thing the gift-giver would want is for their gift to become a burden. ›› It can be emotionally taxing to part with inherited items, but there are more meaningful ways to honour a person’s memory than keeping all their things. Releasing a loved one’s belongings doesn’t betray the memory of the person. It’s a bit easier with time, so take the time you need. ›› If you’re keeping things for your children, consider asking them if they are even remotely interested in having them. Remember, they will have their own tastes.

Hellen Buttigieg 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. Email Hellen at info@WeOrganizeU.com

T

he closets are full. The junk drawer is overflowing. The piles have piles, and the storage space is full too. You need it all, you just don’t have enough space to put it. Or do you need it all? Take a closer look and separate ‘need’ from ‘obligation’, ‘sentimentality’ and ‘just in case’.

You may find you have the space to store what you need. You’ll just need to dig deep to find the strength to free yourself of the rest. After all, do you own all that stuff – or does it own you?

LET GO OF ‘OBLIGATION CLUTTER’

This refers to the stuff we hold on to because we feel a sense of duty.

It can be gifts, heirlooms we’ve inherited, or things we’re saving for our kids. If you are holding on to any of these, you have permission to let them go, and here’s why:

OFF-LOAD OFF-SITE STORAGE If you are paying a hefty monthly bill to

store your belongings off-site in a rented storage container, it’s time to reconsider its value. Out of sight is usually out of mind. If you are not using the items, it may be beneficial to sell them or give them away. The money spent storing the stuff over a long period of time often exceeds the value of those items.

LIBERATE YOUR LINEN CLOSET Let go of the sheets and towels that are torn, stained, or stored just in case. You really only need one extra set of sheets for each bed. Fold pillowcases and fitted sheets into their matching flat sheets so that the set stays together neatly together.

DON’T LET EXCUSES KEEP YOU STUCK When editing your closet, you’ll

make all kinds of excuses to keep things. Here’s are the most popular excuses I’ve heard, and my response to them: 1 It will come back in style. Yes, it will. But the fabric and cut will be

different and everyone will know you’ve been holding on to it since 1978!

2 It will fit once I lose weight. You may lose weight in different places and

it may still not fit. It may go out of style by the time you lose the weight.

Reward yourself for your weight loss by buying new clothes.

3 I paid a lot of money for it. And it makes you feel guilty every time you look into your closet and see it hanging there, so let go of the shame.

4 I wore it on my first date. Don’t let sentimental items take up closet space. That’s like allowing the past to crowd out the present. Take a picture and let it go.

5 Someone bought it for me. They’ll never know that you got rid of it, and even if they find out, they’ll understand.

6 It needs repairs. Put a deadline on it and let it go if you miss it.

7 I need it just in case. This is probably the top excuse I hear, and it is based on fear. Be brave – unless you can find a specific reason to hold on to something, find the courage to let it go.

60 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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SOUTHCENTRAL

LUXURY in Edmonton’s University District 11710 - 87 Avenue

CONSTRUCTION UNDERWAY • POSSESSIONS IN SUMMER 2015

LUXURY CONDOMINIUMS

Concrete & Steel Construction • Heated Underground Parking 2 Bedroom - NOW SELLING • 1 Bedroom - SOLD OUT!

PRESTIGIOUS WINDSOR PARK

Off-Site Sales Centre: 6930 - 109 Street • 780.907.5263 • www.bentleycondos.ca

DON’T MISS OUT! OVER 70% SOLD!

10

THINGS TO DO TODAY TO HELP THE ENVIRONMENT

S

ometimes, it’s the little things that make a big difference to help save the environment. Even the tiniest changes in your daily routine can be effective. Small actions can help change the world, so, to do your part, begin today by carrying out the following activities and checking off the ten items on this checklist: 75_Ten Things_21/3

! Turn off all lights, computers and power bars in rooms not being used ! Set your thermostat to a lower temperature before you leave the house ! Wash your clothes in cold water and hang dry, when possible ! Change one light bulb to an energy-saving light bulb ! Turn on the energy-saving option on your work computer and printer ! Call an energy advisor for a quote on a home energy audit and ask how an attic insulation upgrade can help save energy in your home ! Measure your attic to prepare for an attic insulation upgrade ! Visit your local home building supplies store and pick up enough insulation to insulate your attic with at least 15 inches of PINK FIBERGLAS® insulation

! Visit www.pinksavesenergy.ca for steps on how to top-up on your attic insulation ! Visit the Natural Resources Canada website at www.oee.nrcan.gc.ca to learn about the rebates available when you upgrade your attic insulation The colour PINK is a registered trademark of Owens Corning © 2009 Owens Corning. All Rights Reserved.

– News Canada NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 61

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// BY PETER KINCH

HOMEBUYERS’ HELP

What’s all the fuss about a

MARKET CORRECTION? concerned?” Every time there is talk about a market correction in Canadian real estate, the tone is quite negative. But let’s take a closer look at that situation: rather than argue about whether we may have a market correction, let’s analyze what a market correction would really mean to Canadians.

FIRST-TIME HOMEBUYERS

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan. Visit peterkinch.com or contact him at peter@peterkinch.com

W

ith a constant barrage of doom and gloom headlines these days, and no one could blame you if you got a little worried about the state of the economy or the fear of a pending market correction in Canadian real estate. Are Canadians taking on too much debt? Have mortgage rules gone too far? Is there a housing bubble about to burst? What if there is a market correction?

The real question is, “Do Canadian homeowners or prospective buyers need to be

If you’re a first-time homebuyer, you have likely felt the pinch of the rising cost of housing. So a slight market correction would be welcome news. You can still get into home ownership with only five per cent down, but since your maximum amortization is limited to 25 years, a drop in pricing is exactly what you’ll need to be able to get into this market.

CONCLUSION: A market correction is a good thing for you.

CURRENT HOMEOWNER BUYING OR SELLING – MOVING UP OR DOWNSIZING

It is rare that someone buys a home without selling their home first. If you are a homeowner and you’re looking for the right time to sell your home so you can buy another, you may be concerned that the price of your current home is dropping. But let’s take a closer look at that: assume the value of the home you are selling drops by 10 per cent. Let’s also assume that you plan to buy another home (whether upsizing or downsizing). The key to remember in a downturn market is that the person selling their home to you is going through the exact same thing. In other words, if the value of your home dropped 10 per cent, so too did the value of the new home you are buying. Focus on what your bottom line “net” is, rather than what you thought or had hoped to sell your home for.

CONCLUSION: In most cases, the net effect of a market correction is zero.

REAL ESTATE INVESTOR OR SECOND-HOME BUYER

If you are buying real estate as an investment either for cash flow or as a second home, then this is the perfect market condition for you. When there are more sellers than buyers, you have more bargaining power. If you can negotiate a better deal and pay less for the property you are looking for, it simply makes the deal that much more affordable.

CONCLUSION: You should be hoping for a market correction.

If you have no intention of selling soon and you can still afford your monthly payments, then all you need to do is sit and wait and go about your normal life until the market bounces back – which it has done for the past 100 years

CONTINUED ON PAGE 64…

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DowntownEdmonton 118 Ave. 112 Ave.

9 Jasper Ave. 100 Ave. 106 St.

Victoria Park Rd. Rive r Va lley Rd

3 97 Ave.

.

82 St.

100 St.

2 1 6 5

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11

102 Ave.

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95 S

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97 St

127 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

North Saskatchewan River

6 ENCORE

10244 - 103rd Street 2 THE FOX

BY LANGHAM DEVELOPMENTS

BY ROCKWOOD PROPERTY MANAGEMENT

9704 - 106 St. 4 VIBE

BY LANDMARK URBAN LIVING

8 S TUDIO ED Corner of 116 Street & 106 Avenue

12 H IGHSTREET DISTRICT PROPERTIES

BY REGENCY DEVELOPMENTS

10523 - 123 St.

9 M ERIDIAN PLAZA

BY CANCALI DEVELOPMENTS

111 St. & Jasper Ave. 10 PEARL

BY REGENCY DEVELOPMENTS

5 ICON

Jasper Avenue & 119 Street.

BY LANGHAM DEVELOPMENTS

Jasper Ave., North of 104 St.

Corner of 104 Ave. & 105 St.

Jasper Ave. & 118 St.

BY CARRINGTON COMMUNITIES

West of 116 Street & South of 107 Avenue

BY REGENCY DEVELOPMENTS

103 St. & 102 Ave. 7 S ERENITY

104 Street & 102 Avenue

3 SYMPHONY

11 QUEST

BY WESTRICH PACIFIC

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HOMEBUYERS’ HELP

CONTINUED…

D F o a

Every time there is talk about a market correction in Canadian real estate, the tone is quite negative. But let’s take a closer look at that situation: rather than argue about whether we may have a market correction, let’s analyze what a market correction would really mean to Canadians CURRENT HOMEOWNER WITH NO PLANS TO SELL

The majority of Canadians fall into this category, and let’s be honest – the single biggest reason we worry about a housing correction is the fear that it will erode our home equity and net worth. Over the last decade, a significant amount of the net worth of Canadians has been tied up in their home equity, and this has provided the foundation for a lot of retirement plans – so there is obvious concern.

But should there be?

For the majority of Canadians, the plan is to stay in their current home for at least three to five years. So here’s a simple fact: equity is only gained or lost the day you sell. In other words, if the value of your home were to drop by 10 per cent tomorrow, you may feel anxiety over the drop in your net worth – but it would only be on paper unless you actually sold your home tomorrow. If you have no intention of selling soon and you can still afford your monthly payments, then all you need to do is sit and wait and go about your normal life until the market bounces back – which it has done for the past 100 years.

CONCLUSION: A market correction may have zero impact on you.

In the end, the headlines will continue to talk of impending market corrections. The key for you is to decipher one of three things:

1. Is this a real concern?

2. Is this an opportunity? Or, 3. Are you just getting worked up about nothing?

THE BOTTOM LINE: A lot of people will fret about

this topic over the water cooler tomorrow morning – but the majority of them really don’t need to.

64 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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065-Stud

DOWNTOWN

Discover the Huge Financial Benefits of Downtown Living at studio ED

I

f you haven’t met ED yet, better introduce yourself before it’s too late. Located just a few minutes from Oliver Square, Studio ED will soon be Edmonton’s most modern and stylish urban condominium community. If you act now you could be moving in next month.

Featuring 76 suites made up of one bedroom, one bedroom + den and two bedroom floor plans, Studio ED has what today’s urban buyer is looking for at an exceptional price. Details like spa inspired bathrooms, gourmet kitchens, Hanstone & Caesarstone countertop upgrades, polished glass tile backsplashes and spacious decks, patios and balconies are just some of the features that set Studio ED apart from the rest.

Close to public transit, MacEwan University, downtown Edmonton, shopping, restaurants, services and much more, Studio ED has been designed for buyers who want the advantages of an urban lifestyle but not the usual accompanying hassles of traffic & neighbourhood density.

In this age of rising energy prices and hectic schedules, more & more buyers want to simplify their life - by living close to where they work or play so that walking, biking and public transit are just as convenient as driving their car. Studio ED buyers can save money, help protect the environment and enhance their physical well-being, all while living in one of Edmonton’s most beautifully designed and convenient urban condominium communities.

For more information, visit www.studioed.ca, call 780.998.0001, or visit the Studio ED Sales Lounge at 10611 – 117 Street, 12-5pm Saturday & Sunday or 3-8pm Monday to Thursday.

NewCondoGuide.com | VOLUME 22 ISSUE 04 | NEW CONDO GUIDE 65

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I N T R OD U C ING

A

Th su Fr co an in tre el

S Edmonton’s best downtown location At 33 stories, Fox Two occupies the centre of Edmonton’s most sought-after downtown neighbourhood — the 104 Street Promenade. Situated on the corner of 102 Avenue and 104 Street, it is the last major tower to be built on this popular street.

Fox Two is the final and taller phase of Langham Developments’ Fox Towers project. The first phase — Fox One — is currently under construction and almost sold out.

Edmonton’s 104 Street Promenade was one of 4 finalists on the 2013 list of Great Streets in Canada, and is home to eclectic shops, restaurants and a summertime street-wide farmers’ market. Boasting a walk score of 98/100*, residents also enjoy unparalleled walkable and LRT access to the best of Edmonton, including the highly anticipated downtown arena.

Another Langham development, Icon Towers completed in 2010, was instrumental in hastening the rejuvenation of this popular neighbourhood, and the Fox Towers project will further cement its popularity.

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*www.walkscore.com

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Architectural excellence This striking 33-storey tower embodies superior design and quality in every respect.

From the expansive glass feature wall commanding spectacular views of the city and river valley, to the bold and colourful suite interiors that reflect today’s most popular trends — Fox Two is modern architectural elegance personified.

Sales Centre Opens April 26 Sales Centre located on-site, at the northwest corner of 102 Ave. and 104 St.

www.foxtowers.ca | 780.425.0369

Stylish, well-conceived interiors Our dedicated team of designers were charged with creating the most efficient floor plans possible for every suite type in Fox Two. Every fixture, every fabric, every finish was selected to reflect today’s most popular trends and ensure timeless quality, beauty and longevity.

From architectural nuances like quartz kitchen countertops paired with sleek and colourful high-gloss kitchen cabinets, to creature comforts like heated parking stalls (at least 1 per unit), Fox Two is a testament to comfortable highrise living.

Choose from a total of 169 units in 1-3 bedroom configurations from 640 to 2,400 square feet.

The latest project from Langham Developments Since 2001, Langham has been creating exceptional developments — each imbued with the same unwavering mandate: to deliver strong unrivaled architecture, uncompromised in quality.

Langham is among Edmonton’s most experienced and reputable high rise builders, having completed 3 outstanding downtown towers to date: Icon 1, Icon 2 and Omega.

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Fr m ev si ur sa th

FINAL SELL OFF LAST 12 SUITES! PRICES FROM THE $270’s

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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.

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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

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symphony

TOWER

9704 - 106 STREET (780)701-0058

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Published by

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

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Now you can view all New Condo Guide magazines online using any smartphone, tablet or desktop device.

NEWCONDOGUIDE.COM

2014-04-17 2014-04-17 11:39 5:46 PM AM

MORTGAGE TALK

Getting the

// BY MICHELLE ORANCHUK

HOME YOU’VE ALWAYS WANTED right neighbourhood, at the right price. And, because it is a serious commitment, you also want to know you’re making the right financial arrangements for your home purchase – something you can live with now and in the future.

Buying a home is a major decision, and the first step is finding out how much you can afford to spend.

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 to make your home-ownership goals happen. Michelle offers expert advice on mortgage pre-approvals, purchasing real estate, refinancing, mortgage rate inquiries and realtor referrals. Email her at michelle.oranchuk@rbc.com

I

s there anything more exciting than buying a home? Especially if it’s your first home? It’s the next step in building the life you’ve always dreamed of.

Of course, you want to make your choice as perfect as possible, which means finding the right home, in the

THE BENEFITS OF A PRE-APPROVED MORTGAGE When you have a pre-approved mortgage, it means a lender has made an actual commitment (subject to conditions) to loan you money, so you know exactly how much you can spend before you go home hunting. But that’s just one of many benefits of being pre-approved.

SOME ADDITIONAL PRE-APPROVAL PLUSES INCLUDE: ›› Your mortgage rate will be locked in against increases for 120 days (and it can drop lower if rates go down). ›› The seller will take you more seriously because they’ll know you’re committed to purchasing a home. ›› You can save time by avoiding homes you know are outside your price range. ›› When you make an offer to purchase, the seller is more likely to give it serious consideration because you have solid financial backing. ›› Your pre-approved status may give you more negotiating power with a seller. ›› You’ll be better able to manage your money, knowing your monthly payment amounts, as well as how much your down payment will be.

In short, when you’re ready to start looking for a home to buy, securing a pre-approved mortgage should be step one. There’s no cost to you and you’re not obligated to accept the mortgage.

You want to make your choice as perfect as possible: the right house or condo, the right neighborhood, the right price 72

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SouthWestEdmonton Lansdowne Dr.

104 St.

51 Ave.

105 St.

119 St.

40 Ave.

SOUTH

WHITEMUD DR.

34 Ave.

Rabbit Hill Road

2

19

11Saddleback Rd.

19 Ave. 9 Ave.

15 7 22 10

13

Anthony Henday Dr.

James Mowatt Tr.

Ellerslie Rd.

3 5 18 9 8 12 23

127 St.

16

141 St.

Ellerslie Road

21

23 Ave.

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30 Ave.

50 St.

MacEw an Road

91 St.

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17

Parsons Rd.

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101 St.

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14

91 St.

23 Ave.

66 St.

1

Calgary Trail North QE II

Belgravia Rd.

111 St.

North Saskatchewan River

Ter will ega rD r.

ay Dr. y Hend Anthon

Riverbend Rd.

Fox Dr.

113 St. 109 St.

76 Ave.

QUESNELL BRIDGE

41 Ave.

MAP LISTINGS 1 THE LEGER

BY BRASS III DEVELOPMENTS

625 Leger Way 2 W ATERSTONE IN MACTAGGART MAINS

BY CARRINGTON COMMUNITIES

6079 Maynard Way 3 C ALLAGHAN RAVINES

BY ROHIT COMMUNITIES

1623 James Mowatt Tr 4 ION IN AMBLESIDE

BY JAYMAN

2582 Anderson Way, SW 5 R UTHERFORD LANDING

BY CARLISLE GROUP

11804 - 22 Ave. SW

6 V ILLAGE AT LANGDALE

11 MAGRATH GREEN

BY LANDMARK COMMUNITIES

BY ROHIT COMMUNITIES

2003 Rabbit Hill Rd.

704 - 176 Street SW 7 WINDERMERE MANSIONS

12 C REEKWOOD CHAPPELLE

BY ROHIT COMMUNITIES

BY WESTRICH PACIFIC

1350 Windermere Way SW

504 Chappelle Dr. SW 13 E’SCAPES

BY CARRINGTON COMMUNITIES

8 C ALLAGHAN LANDING

11080 Ellerslie Road

BY ROHIT COMMUNITIES

1778 Cunningham Way

14 L ’ATTITUDE STUDIOS

BY CARRINGTON COMMUNITIES

9 ELAN

BY CARRINGTON COMMUNITIES

1144 Adamson Dr SW 10 ELEMENTS AT WINDERMERE

304 Ambleside Link SW 15 THE SIGNATURE

BY WESTRICH PACIFIC

5151 Windermere Boulevard

BY CARRINGTON COMMUNITIES

Windermere Blvd & Windermere Rd.

16 ELEMENTS GLENRIDDING

BY ROHIT COMMUNITIES

16003 10 Avenue SW (located off 170 and south of Ellerslie rd) 17 R AVINE POINT AT MACTAGGART RIDGE

BY CAMBRIDGE MERIDIAN DEVELOPMENTS

5835 Mullen Place 18 S OUTH CALLAGHAN TOWNHOMES

BY VOCO

Corner of Casselman Link & Cunningham Way SW 19 S PARROW LANDING AT LARCH PARK (NET ZERO TOWNHOMES)

20 SOUTH TERWILLEGAR

BY PARK HOMES

4105 - 7323 South Terwillegar Dr. 21 R EGENCY AT WINDERMERE

BY ROYAL CANADIAN DEVELOPMENT INC.

723-172 St (In Langdale) 22 W INDERMERE WATERS

BY WESTRICH PACIFIC CORP

1290 Windermere Way 23 CREEKWOOD LANDING

BY CARLISLE GROUP

11804 - 22 Ave SW

BY LANDMARK COMMUNITIES

7504 May Common

SOUTHWEST EDMONTON | Call Christine 780.438.1513

STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

Please see our ad between pages 00 and 00

CONDOS FROM $230,900 308 Ambleside Link (South off of the Henday onto Terwillegar Drive) NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 73

EDM CG 04-25-14.indd 73

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s

A

C

M

YO HO

$3

Sa

074-Park EDM CG 04-25-14.indd Homes Atria 03-28-14.indd 74 1

2014-04-17 5:46 2:16 PM

REGISTER FOR DETAILS TO ATTEND VitaEstates.ca I MactaggartRidgeGate.ca

ALBERTA’s #1

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$130’s

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Located just minutes from Anthony Henday

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17 AVENUE SW

22 AVENUE SW

SALES CENTRE

CALGARY TRAIL

RABBIT HILL ROAD

23 AVENUE

JAMES MOWATT TRAIL

TER WILL EGA R

ANTHONY HENDAY DR.

111 ST.

Y .

N R O YD TH DA AN EN H

McCONACHIE DR

VD BL

MANNING DRIVE

IE CH NA CO Mc

55 ST

Located just minutes from Anthony Henday

McCONACHIE WAY

MANNING DRIVE NW

66 STREET NW

82 STREET NW

pROjEcT LOcATION

SALES CENTRE

DRIV E

MactaggartRidgeGate.ca

ANTHONY HENDAY DR.

YELLOWHEAD TRAIL

ASk AbOUT OUR EASY DOWN PAYMENT PLAN!

$688 MONTHLy*

VitaEstates.ca 167th AVE

SOuTH WEST EDMONTON

WHY RENT WHEN YOU CAN OWN FOR LESS WITH PAYMENTS FROM

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17 2:16 PM

sALEs LAUNCH EVENT MAY 10TH

CUNNINGHAM DR.

30 AVENUE SW

SALES cENTRE LOcATION 11803 22 Avenue SW.

SaleS Centre HourS: Mon -tHurS 2-7 pM • Sat, Sun & HolidayS 12-5 pM • CloSed FridayS • 780.977.0616

FREE

GRANITE WITH PURCHASES AT LAUNCH ONLY! (A $3000 VALUE)

*OAC based on 5% deposit, 3.19% interest amortized over 25 years.

Rendering shown is an artist concept only, actual building details may vary.

EDM CG 04-25-14.indd 75

2014-04-17 5:46 PM

TOWNHOMES

South Callaghan Estate NOW RELEA SING

PHASE 3

GREENSPAC E VIEWS

VICTORIAN STYLE 4 STOREY TOWNHOMES

127 Street

Ellerslie Road

t at ow M s me Ja

W il S Tra

t.

1S (11

Sobeys

) SW

W

.S

e Av

30

• STARTING AT $327,900* • 1520-1830 Sq ft • Hardwood, tile flooring & granite countertops • 3 bedrooms + Den + 2 1/2 bathroms with 2 balconies • 2 car garage • Sprinkler system • Brick, stone & stucco exterior • Low Monthly Condo Fee

Save on Food

South Callaghan Townhomes

www.SouthCallaghan.com Show Home: 1621 Cunningham Way SW Edmonton Open Mon-Thu 3-8pm, Sat-Sun Noon-5pm, Closed Friday/Holiday

780.200.0135 *INCL. NET GST WITH SOME RESTRICTIONS APPLY

076-Voco-South EDM CG 04-25-14.indd Callaghan 7604-25-14.indd 32

like us on facebook: www.facebook.com/southcallaghan

2014-04-17 5:46 2:16 PM

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Located at 625 Leger Way

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780.918.0678 /

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2014-04-17 5:46 2:16 PM

STYLE FILE

FLORAL VS IKAT

Decorating is all about choices. Here’s how you can instantly change the look of your space with a few key pieces. // BY SARA DUCK

2

2 1

1

3

3

4

4

1&2 apart

5

6

1. Cushion from Poppy Collection. $20.

Visit bouclair. com 2. B. Smith Charleston Rug in Chocolate. $40-$110.

Visit bedbathandbeyond.ca 3. Liliana Armchair in Pale Floral. $550.

Visit pier1.ca 4. Floral Bath Towel by Threshold. $13.

Visit target.ca 5. Karlstad Footstool in Bladåker Blue, Beige. $149.

Visit ikea.ca 6. Floral Heart Print. $12 to $48.

Visit riflepaperco.com

5

Mo

6

1. Printed Cushion from Baroque Collection. $20.

Visit bouclair.com 2. Ikat Links Wool Rug. $419 to $839.

Visit westelm.com 3. Drew Chair in Strie Ikat: Ultramarine. $999.

Visit crateandbarrel.ca 4. Ikat Bathroom Towel Collection by Mia. $14 each.

Visit bedbathandbeyond.ca 5. Turhan Square Pouf. $70.

Visit bedbathandbeyond.ca 6. Chariklia Zarris ‘Ikat’ No. 2 Open Edition Giclee Print. $295.

Visit overstock.com

78 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

2584 A

Condo Gu EDM CG 04-25-14.indd 78

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079-Jaym

IT’S JUST WHAT WE DO. The name Modus stands for how we do things. In the past 30 years we have learned that to improve the quality of our c u s t o m e r s ’ l i v e s i t ’s i m p o r t a n t t h a t w e b u i l d a r o u n d t h e i r lifestyles and not the other way around.

This is how we do things.

2 bedroom 2 bath from

1 bedroom from

207,146 +GST 935/mth

263,178+GST 1226/mth

from

from

ONLY 20 REMAIN PREMIUM A LA CARTE FEATURES

1 & 2 bedroom apartment-style condos

STAINLESS STEEL APPLIANCES

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CERAMIC TILE

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QUARTZ WATERFALL COUNTERTOPS

ENTERTAINMENT ROOM WITH 10’ TV

HEATED UNDERGROUND PARKING

SCREEN 2014 Awards of

EXCELLENCE in HOUSING

ioncondos.com 2584 Anderson Way SW • Mon-Thurs 2 - 8 pm Sat, Sun & Holidays 12-5pm • 780.756.3881 Condo Guide April 15 Ion.indd 1 079-Jayman-Modus EDM CG 04-25-14.indd 04-25-14.indd 79 1

/ / jj ay ay m ma an nm mo od du uss 4/15/2014 10:32:05 AM 2014-04-17 5:47 2:17 PM

FULL SHOWSUITE

OPEN

In the community of Ambleside

MAY 10, 2014

Why have a private garage in a parkade?

Imagine piece of mind from scratch free cars.

TH-B 1245 s.f. + 440 s.f. patio

LAUNDRY

PRIVATE 2 CAR GARAGE

$399,000 WALK IN CLOSET

BATHROOM

KITCHEN BEDROOM

LIVING

MASTER BEDROOM

DINING

Welcome to Signature Condominiums.

Imagine a home where luxury and privacy meet convenient condo living. In the Signature’s two storey condominiums, a private double attached garage means never having to worry about the safety of your car in a shared parkade. Housed in a heated garage that opens directly into your suite, convenience is just steps away.

Standard Finishes Include: · · · · · · · ·

Granite countertops Hardwood floors Porcelain tile floors Maple cabinets LG stainless steel appliances Air conditioning Approx. 9’ ceilings Concrete and steel structure

SAFEWAY

WINDERMERE BOULEVARD

SALES CENTRE

780.803.0888 info@signatureambleside.com 5151 Windermere Blvd

EDM CG 04-25-14.indd 80

SIGNATURE

AMBLESIDE DRIVE

2014-04-17 5:47 PM

Hwy. 16

ws eado ale M d k r 7 Cla 8 . d Blvd n o o t l w r r e o Cha Way Summ

r1. ll D we el Dr. h et

4

ver Bar Rd. Clo

6 Jim Commo nD r.

9 Baseline Rd.

5 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.

s.

SherwoodPark Bo th B

E

1 PRINCETON COURT Y GRANDE DESIGN B 301 Palisades Way

6 EVOLVE LAKELAND RIDGE

BY ROHIT COMMUNITIES 400 Churchill Crescent

2 C REEKSIDE VILLAGE IN SUMMERWOOD

BY QUALICO LIVING Summerwood Blvd. off Clover Bar Rd.

7 ELEMENTS SUMMERWOOD PARK B Y ROHIT COMMUNITIES 2 Sunterra Way

3 ELEMENT LOFTS & FLATS

BY QUALICO LIVING 41 Summerwood Blvd.

4 LAKELAND RIDGE

BY LANDMARK COMMUNITIES

219 Charlotte Way

5 CENTRE IN THE PARK

BY CHRISTENSON COMMUNITIES

2021 Sherwood Dr.

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

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 81

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IN THE NEWS

CAMBRIAN CROSSING

Area Structure Plan approved by council that the revised Area Structure Plan (ASP) for the up-andcoming Cambrian neighbourhood in Sherwood Park was unanimously approved by all the voting Strathcona County Council members. The company would like to thank the Strathcona County council members and administration staff who worked with Rohit Land Development to support the plan, as well as the Strathcona County residents who were consulted to ensure their needs and desires were represented in the changes.

The previous ASP was adjusted to increase the residential capacity of Cambrian, located in the urban service area just north of Yellowhead Trail on Clover Bar Road, providing a solution to the decreasing supply of developable land in Sherwood Park – the third best community. From new-home buyers to retirees, we will have something for everyone in a master-planned place to live in Canada, according to MoneySense community.” This will all lead to a population of more Magazine. This development will ensure a continued than 11,000 people in this diverse neighbourhood. The lot supply in Sherwood Park, allowing existing community will be self-sustainable, with a variety of residents the opportunity to relocate within their housing, commercial, business employment, parks, community, and providing affordable options for firstschools and mixed-use commercial areas that will time buyers to stay within the community they grew create a balance of live, work and play opportunities. up in and love.

Dauk further acknowledges the importance of this The ASP also focuses on the unique location of approval and the anticipation that has come with it.

Cambrian by providing residents the luxury of benefitting from the highest percentage of “This revised Cambrian ASP is one of the most detailed neighbourhood open space in Sherwood Park, plans I have worked on over my 20-plus years in the including access to the Old Man Creek park and trail industry. I am extremely proud of the design that system that will run through the community. Adding a evolved, and with this approval, Cambrian is one step school site to the ASP along with being located only closer to coming alive, as we work toward our goal of minutes away from Emerald Hills Commercial Centre servicing the first stage in 2015.” and the new Strathcona Community Hospital, will have Cambrian residents close to services and ABOUT ROHIT LAND DEVELOPMENT amenities. In addition to those off-site amenities, the Rohit Land Development is a division of the Rohit Cambrian plan incorporates significant opportunity for Group of Companies which also includes Rohit walkable neighbourhood commercial services.

Communities (a three-time Greater Edmonton Builder This complete community will feature a broad mix of the Year award winner) and Rohit Commercial (a of housing ranging from ravine estate homes to growing commercial/industrial business unit). Rohit affordable entry-level housing and all products in Land Development is committed to bringing to life between. Russell Dauk, vice-president of Land high-quality and distinctive communities throughout Development and Commercial for Rohit Group of Alberta. Rohit’s knowledge of residential and Companies, says “Rohit envisions a community that commercial development allows them to master-plan will appeal to a wide array of residents, as we have neighbourhoods with a clear vision of the final product included all aspects of the housing market in one their residents will call “home.”

ROHIT LAND DEVELOPMENT HAS ANNOUNCED

82 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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lvd .

Leduc

4

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.

Dr. Park South

St. 50

1

Hig hw ay

Rollyview Rd. 2A

Dr. Southfork 5

Simpkins Wynd

6

MAP LISTINGS

1 WINDROSE

3 ROYAL WEST HOMES 81 Acacia Circle

BY LANDMARK COMMUNITIES

61 Windrose Drive

4 SUNTREE POINTE

2 THE SPRINGS AT BRIDGEPORT

BY DAYTONA HOMES MASTER BUILDER

133 -142 Selkirk Place

BY CHRISTENSON COMMUNITIES

5 THE RUSHES OF SOUTHFORK

BY HUNTER RESIDENTIAL DEVELOPMENTS

401 Southfork Drive 6 SOUTHFORK STREET TOWNS

BY HOMES BY AVI

419 Simpkins Wynd

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

Remarkable New 2 bedroom, 2 bathroom townhomes from the low $200’s

To book a viewing of the new show suites please contact Kit at 587-896-6107 EMAIL info@rushesofsouthfork.ca WEB www.rushesofsouthfork.ca

NewCondoGuide.com | VOLUME 22 ISSUE 05 | NEW CONDO GUIDE 83

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MAKE YOUR MOVE

// BY CHUCK RESNICK

UNPACK YOUR COMMON SENSE

Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca

W

hen it comes to moving, a little common sense goes a long way in transporting your belongings to your destination so that they arrive in good shape and on time.

Considering the importance our “stuff” has in making us feel comfortable in our surroundings,

for a smooth move

these items deserve special thought and care. Thinking ahead is the best thing you can do when it comes to making arrangements and packing.

Organization should be your mantra, efficiency your goal.

If you are doing the packing, look ahead to lifting, stacking and unpacking the boxes during your move. People often run to the grocery or liquor store to pick up cartons, and then use newspaper as cushioning.

Although this approach can save you a few dollars, in the long run, you may pay for it in stress, time and broken items. Instead, think about purchasing cartons and packing paper from the professional mover you’ve chosen. The boxes come in uniform small, medium and large sizes, which are easy to stack in a moving truck or van. Trust me, this convenience is huge on moving day. Unlike newspaper, packing paper does not leave behind ink that then has to be cleaned during an already hectic time in your life.

During the packing itself, be generous with whatever you are using to cushion your things, especially fragile items. People often cram too much in each box in an attempt to keep the number of cartons down. As good as that sounds, it can backfire, as too many items with not enough cushioning may shift during transportation and damage each other. In addition, someone will have to lift each box and place it into the moving vehicle.

Packing too many heavy items into one container can result in no one being able to pick it up, or worse yet, the box breaking from the weight.

Common sense will tell you that heavier items should be packed in smaller boxes, and vice versa.

Did I mention labeling? Again, a little common sense goes a long way to success at the other end. When you pack the moving vehicle, remember to place the boxes you’ll need first, last – and label accordingly with the contents and which room it goes into. Even better, if you are driving to your next residence, place things such as garbage bags, tissues and dish liquid into the car. You should also carry valuables such as jewelry, your laptop, important papers and the like separately from the bulk of your items.

Another way to apply common sense to packing is to look at each item with the thought, “Do I really need and use this?” Especially if you are moving from a house into a condominium suite, paring down possessions is important. The fewer things you move, the less your move will cost in terms of time and money. And speaking of money, if your budget allows, hire movers to do your packing and transporting. We do this every day, and we have it all down to an efficient system. Professional movers want their moves to go smoothly as much as you do.

Everyone is born with common sense, but few use it. If you are planning a move, I encourage you to be one of those savvy few!

84 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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7 Min. to Edmonton

Beaumont 1

Coloniale Way

Rue Montalet

44 St.

50 St.

57 St.

55 Ave. 52 Ave.

50 Ave. 2

43 Ave.

60 St.

3

30 Ave. Hwy 625

MAP LISTINGS

1 COVENTRY HOMES 50 Ave. & 57 St.

(Nisku Rd.)

2 GOUDREAU HEIGHTS

BY CHRISTENSON COMMUNITIES

3 MONTROSE ESTATES

BY SABA HOMES

3311 – 67 Street

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 22 ISSUE 05 | NEW CONDO GUIDE 85

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TIPS & TRICKS

PACKING TIPS

to make your move a little easier ❏ Gather boxes in all sizes from friends, neighbours and stores, or purchase them from a moving company.

❏ Label boxes containing fragile items with large red lettering.

❏ Collect cushioning material such as bubble wrap, foam pellets, furniture pads, old blankets, plastic bags, tissue paper, newspapers and small towels to use as padding inside boxes. These can also be purchased from a moving company.

❏ Place china in plastic bags and stack plates upright on their sides, not flat.

❏ Create a “portable packing kit” with marking pens, a tape measure, packing tape, twine and scissors. Carry it with you as you pack up items in your home. ❏ Reinforce the bottom of boxes with extra tape for added strength. ❏ Label each box with the name of the room in your new home where it should be placed. ❏ List the contents of the box on the side of it.

❏ Pack your TV, stereo and computer in their original boxes whenever possible. Tape the manuals to the backs of the electronics. ❏ Keep boxes to 50 pounds or less. ❏ Pack heavy items into their own smaller boxes and place lighter items together into larger boxes. ❏ Don’t move flammable, combustible, corrosive or explosive items such as paint, gasoline and ammunition. ❏ Pack a bag of personal items you’ll need during the move and keep it in an easy-to-find place when you pack.

Selling fast! | Some quick possessions available

Great Value in Beaumont!

PRICED FROM

$289,900

• Only minutes from Nisku, International Airport and Edmonton • Welcome to Montrose Gardens where luxury finishing comes standard • 1340 sq.ft. of living space • 3 bedroom plus 2.5 baths • 9’ Ceiling on main floor • Includes landscaping and a patio deck off the Kitchen • One attached garage with extended driveway • Include stainless steel appliances and landscaping & fence

VISIT THE SHOWHOME

Tuesday to Thursday: 4-7 pm & Saturday and Sunday: 1-5 pm

3311 - 67 Street, Beaumont Call Battista or Anna at

780.737.7222

www.sabahomes.ca

RIVER CITY

86 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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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 22 ISSUE 05 | NEW CONDO GUIDE 87

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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.

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.

88 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

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Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial

2.700

4.000

2.940

2.890

2.990

3.040

3.390

Bank of Montreal

3.000

4.000

3.140

3.040

3.850

4.390

4.990

Bank of Nova Scotia

3.100

4.550

3.290

3.140

3.440

3.940

4.790

-

4.800

4.700

5.250

-

5.250

Bridgewater Bank

-

CIBC Mortgages

3.000

4.450

3.090

3.040

3.750

4.240

4.990

Canadian Western Bank

3.200

4.000

3.140

3.040

3.750

4.390

4.990

Equitable Bank

-

-

3.140

3.040

3.750

4.540

4.940

First Calgary Financial

-

4.000

2.890

2.890

3.190

3.390

3.290

First National Financial

2.500

3.950

2.990

2.590

2.790

2.870

3.190

FirstOntario Credit Un.

2.700

4.240

3.090

3.140

3.290

2.950

3.090

HSBC Bank Canada

3.100

4.450

3.600

3.950

4.450

4.990

5.340

ICICI Bank Canada

3.050

-

3.150

3.650

3.640

3.690

3.890

Investors Group Trust

3.000

4.200

3.140

3.140

3.750

4.640

4.990

Manulife Bank

2.700

4.450

3.000

3.050

3.100

3.190

3.240

Manulife Trust

-

4.450

3.000

3.050

3.100

3.190

3.240

Meridian Credit Union

2.600

4.000

3.090

3.140

3.650

4.390

2.950

National Bank

3.000

4.400

3.140

3.040

3.750

4.390

4.790

-

4.500

3.150

3.500

3.950

3.950

3.490

3.000

6.190

3.390

3.240

3.590

3.690

4.090

Servus Credit Union

-

4.000

3.140

3.040

3.750

4.390

4.990

Steinbach Credit Union

-

-

2.700

2.800

2.900

2.950

3.200

4.000

3.090

3.040

3.440

3.940

4.790

Peace Hills Trust President’s Choice Fin’l

T-D Mortgage

3.000

Rates effective as of April 15, 2014. *Rates subject to change without notice.

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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:

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Parking facilities:

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Special incentives:

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90 NEW CONDO GUIDE | VOLUME 22 ISSUE 05 | NewCondoGuide.com

EDM CG 04-25-14.indd 90

2014-04-17 5:47 PM

CONDOS FROM THE $140’S There’s nothing worse than waking up with regrets, especially when it comes to your new home.

In addition to laminate flooring, six appliances and available underground parking, all Elements condos come with the peace of mind that you have purchased a quality home from a reputable local builder. Visit our two new showsuites, now open at our Hermitage and Laurel locations, and see what sets Elements by Carrington apart from the competition.

We can’t turn back time on that tattoo, but we can promise that an Elements condo is a decision you can LIVE with!

Live with no regrets from just $668/month!*

WHYTE AVE

NW NW

ELEMENTS AT LAUREL

ELEMENTS AT WILLOWHAVEN ELLERSLIE RD SW 54 ST

suite ShowDuring O peneekend W ours H

SE

DR N W GAR

DR

7 AVE SW

16A AVE NW

3353 - 16A Avenue 587.520.0482

ELeMENTS at WINDERMERE

ELEMENTS AT Willowhaven

FROM THE $160’s

FROM THE $140’s

340 Windermere Road 780.469.6976

FROM THE $170’s

FROM THE $190’s

508 Albany Way 587.523.7912

56 Street & 7 Avenue 587.521.1444

ELEMENTS AT HERMITAGE

ELEMeNTS AT ALBANY

HENDAY

23 AVE

70 ST

ELLERSLIE RD WINDERMERE BLVD

75 ST

RABBIT HILL RD

34 ST NW 50 ST SW

WHITEMUD DR

TERW ILLE

SE

SHERWOOD PK FWY

ARGYLL RD

111 ST

WINDERMERE RD

SW

75 ST

T TR LBER

ELEMENTS AT WINDERMERE

ANTHONY

ST A

142 ST

ANTHONY HENDAY DR

WINTERBURN RD

YELLOWHEAD TRAIL

WHITEMUD DR

ROSENTHAL BLVD

SOLD OUT

HYNDMAN RD

SE

YELLOWHEAD TR

FROM THE $190’s 508 Albany Way 587.523.7912

ELEMENTS AT LAUREL

NE

82 ST

137 AVE

RIA

167 AVE

FROM THE $160’s 340 Windermere Road 780.469.6976

ELEMeNTS AT ALBANY

ELEMENTS AT HERMITAGE RD ITAGE HERM HYNDMAN CR

TR

50 ST MA NNI NG DR

WAY

VIC TO

ELEMENTS AT ALBANY

ALBANY

66 ST

142 ST NW

*Monthly payment based on 5% down and a 25 year amortization.

SW

ELeMENTS at WINDERMERE

1196 Hyndman Road 780.473.9143

ELEMENTS AT LAUREL

SALES HOURS

SOLD OUT

Mon to Thurs 3PM - 8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays

3353 - 16A Avenue 587.520.0482

ELEMENTS AT Willowhaven FROM THE $140’s elementsbycarrington.ca

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

Citadel Village

Villas At Lacombe Park 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

most desirable new neighbourhood, Village At Griesbach, which features four lakes, Villas playground a 24 acre centralAvalon park, a childrens and much more

Devonshire Village

Just minutes from Northgate Shopping Centre, Londonderry Mall, City of Edmonton Fire and Police services, Castledowns Recreation Centre and The Royal Alexandra Hospital

•

•

9’ ceilings on all floors Eton Park Villas Alta Vista • 780.903.2465 Laminate floors & overheight cabinets • 780.497.7245 Villas At Lacombe Park McCrae Estates Full height ceramic subway style backsplash • 780.903.2465 • 780.406.7530

•

Avalon Villas underground parking Reflections Secure, heated with storage • 780.995.3713 • 780.975.8866

•

STARTING FROM THE $180’S

•

Estate Condos

Eton Park Estates • 780.975.8866

Villas/Bungalows Estate Condos

•

Villas/Bungalows

Senior Community

Senior Living Glastonbury Village • 780.934.6636

Bedford Village • 780.975.8866

Citadel Village • 780.934.6636

Devonshire Village • 780.934.6636

Southwoods

• 780.432.3222

NORTH WEST *Select suites only, for a limited time.

See Sales Associate for details.

North of 137th Ave along Griesbach Parade MORE INFO COMING SOON!

PEGASUS BLVD

•

Located LEDUC in North West Edmonton’s

Coming Soon to North West Edmonton

ULT

GA

KAPYONG AVE NW

W

DN

BLV GRIESBACH

137 AVENUE

97 STREET

PARA DE NW

FREZENBERG AVE NW

benefits of purchasing a carrington condo PART 3: AMPLE AMENITY SPACES

Meet Kelsey & Kevin.

They’ve just purchased a Carrington condo here in Edmonton, and it’s changed their lives for the better in so many ways!

Here is just one of the many benefits that Kelsey & Kevin are enjoying in their new home so far.

before Kelsey and Kevin being the social butterflies they are, used to schlep all over town to meet up with friends. Hosting get-togethers in their teeny apartment was out of the question and when Kelsey’s Mom stayed overnight, it was extremely close quarters. Leary from all of the running around and lack of space they never had time to relax or visit the gym. It was a very sad state of things, sigh.

after Now that Kelsey and Kevin moved into their Carrington condo they spend more time at home and have ample amenities to extend their living space! They have a sweet gym and party room down the hall and Kelsey’s Mom can now stay in the convenient guest suite instead of on the couch. Let’s just say everyone is much happier... especially Kevin.

Condo's with benefits from $159,000 STAY TUNED NEXT MONTH FOR PART 3: FREEDOM TO PERSONALIZE

West

NW Corner of Rosenthal Blvd & 215 St | 780.426.1686 • Convenient access to the Anthony Henday & Whitemud Drive • 9' ceilings on all floors • Laminate Floors, full height backsplash, and stainless steel appliances • Secure, heated underground parking with storage • Two storey lobby • STARTING FROM $187,900

• BUILDING 2 NOW SELLING • Exceptional landscaping with easy walkability to neighborhood amenities, parks & ponds • Stainless steel appliances & full height backsplash • Convenient access to St Albert & the Henday

NorthWest

167 Avenue & Albany Way | 587.520.3372

• STARTING FROM $188,900

6076 Schonsee Way | 780.476.1137 • One bedroom, one bedroom plus den, two bedroom, & two bedroom plus den suites available

• Just minutes from shopping, dining & many other amenities

P R I N T L O G O A P P L I C AT I O N

• STARTING FROM $159,000

6076 Schonsee Way | 780.476.1137

NorthEast

• Underground heated parking, laminate flooring, window coverings, and six appliances included

• One bedroom, two bedroom, & two bedroom plus den suites available • Underground heated parking, laminate flooring, window coverings, and six appliances included S I G N L O G O A P P L I C AT I O N

• Just minutes from shopping, dining & many other amenities • STARTING FROM $169,900

• 15,000 ft2 of amenities including a fitness centre, a 3500 ft2 party room with wet bar, kitchen, gas fireplace, games table, billiards & more!

• Aquatic Centre equipped with an indoor pool, hot tub, locker rooms, steam room & outdoor patios • STARTING FROM $192,900

SouthCentral

7825–71 Street | 780.461.1622 • Award winning location

Introducing Vibe Condos for an entirely new concept in condo living Transformable, adaptable and flexible floorplans rise to meet every occasion and take open-concept living to a new level Ultra-modern studio, 1 & 2 bedroom condos are compact, well edited and infused with the latest design trends’ Find a Vibe as unique as you with customizable Lifestyle Modules and À La Carte options built right in to your suite Amenity spaces that challenge the status quo: two-story fitness centre, cyber café and urban garden plots ... to name a few Desirable downtown location brings convenience to your doorstep and the city to your backyard Close proximity to river valley, recreation, shopping, LRT, Grant MacEwan University and NAIT

Urban modern living from the 170's

coming soon register at vibecondos.com

107 AVE

106 AVE

115 ST

780.705.1350

West of 116 Street & South of 107 Ave

117 ST

Call Riley at

116 ST

108 AVE

Downtown

n

2014 Awards of

EXCELLENCE in HOUSING

4042 MacTaggart Drive | 780.756.2230 • Located in the Uplands of Mactaggart Allure boasts close proximity to stunning natural spaces, fabulous amenities, as well as the Anthony Henday & Whitemud Drive • Cast-in-place concrete construction • Double, triple, and quadruple underground parking garages available • STARTING FROM $599,592

2014 Awards of

EXCELLENCE in HOUSING

11080 Ellerslie Road | 780.756.2230 • Cast in place concrete construction • Engineered hardwood floors, stainless steel appliances & overheight ceilings • Guest suite, leisure centre & rooftop terraces • Just minutes from shopping, dining and many other amenities

SouthWest

• STARTING FROM $237,530

2014 Awards of

EXCELLENCE in HOUSING

6079 Maynard Way | 780.438.4911 • Gorgeous lake views* • Luxurious amenities to extend your living space • Located in the Southwest community of Mactaggart this location offers easy access to the Anthony Henday as well as many amenities • STARTING FROM $286,000

308 Ambleside Link | 780.438.1513 • 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 • STARTING FROM $230,900

1144 Adamson Drive SW | 587.520.6775 • Walking distance to a vibrant new town centre, 2204:recreational 32C2M7Y1K future PMS1545: LRT stationPMS& complex, 53M100Y72K Blackmud 8583 Creek Ravine & much more metallic

• Full height backsplash, laminate floors & six appliances included • Beautiful ravine views • STARTING FROM $179,900

Sometimes it's good to be all over the map!

WITH OVER 10 CITYWIDE LOCATIONS CARRINGTON HAS SOMETHING FOR EVERYONE

167 AVE

IA T R

FROM $230,900 308 Ambleside Link 780.438.1513

WATERSTONE SW

E’SCAPES

YELLOWHEAD TR

FROM $237,530

4042 MacTaggart Dr SW 780.756.2230

DR ILLE

S CEN

GAR

6084 Stanton Drive SW 780.756.0096

ELLERSLIE RD

AVIVA FROM $188,900

Albany Way & 167th Ave 587.520.3372

valour FROM THE 180’S

COMING SOON!

70 ST

NW

23 AVE

DR

BY APPT ONLY

FROM $213,900

RABBIT HILL RD 111 ST

7825 - 71 Street 780.461.1622

WHITEMUD DR 75 ST

FROM $192,900

SOUTHWINDS

ROSENTHAL BLVD

TERW

CEN

W of 116 St & S of 107 Ave 780.705.1350

SHERWOOD PK FWY

ARGYLL RD

FROM THE 170’S

URBAN VILLAGE

SE

WHYTE AVE

WHITEMUD DR

HENDAY

COMING SOON!

ANTHONY

FROM $599,592

75 ST

ALLURE

T TR LBER

1144 Adamson Dr SW 587.520.6775

142 ST

FROM $179,900

ST A

É LAN

ANTHONY HENDAY DR

WINTERBURN RD

11080 Ellerslie Road 780.756.2230

vibe

66 ST

6083 Maynard Way 780.438.4911

82 ST

97 ST

FROM $286,000

TOR

L’ATTITUDE STUDIOS

VIC

FROM $187,900 NW Corner Rosenthal Blvd & 215 St 780.426.1686

ALBANY WAY

W

jade

WINDERMERE BLVD

N of 137 Ave on Griesbach Parade COMING SOON

STANTON DR

NE

SHOREWINDS FROM $159,000

6076 Schonsee Way 780.476.1137

northshore

30 AVE SW JAMES MOWAT TRAIL

FROM $169,900

6076 Schonsee Way 780.476.1137

SALES HOURS Mon–Thurs 3PM–8PM Sat, Sun, holidays 12PM–5PM Closed on Fridays

2014 ALBERTA REGIONAL WINNER Supported by

nce upon a time...

Little Red Riding Hood used to have to venture through dangerous wolf country to visit her beloved grandmother‌until her grandmother decided to move into a Rohit Certified Smart Space.

Location is SO important, it’s usually said three times.

We build in communities that offer great accessibility to future and current amenities and conveniences.

Find a home in your ideal location!

RohitCommunities.com

Grandma’s House

JUST GOT A WHOLE LOT CLOSER

isit sho

W

SOUTHWEST EDMONTON

Creekwood Chappelle |

DUPLEX

H

Showhome at 504 Chappelle Drive SW

S

Call Candice at 780.990.9588

C

Glenridding Heights |

TOWNHOME

E

Showhome coming soon! PRE-SELLING!

S

Call Kim at 780.906.9808

C

Glenridding |

N

DUPLEX

Showhome at 16005 10 Ave SW Call Kim at 780.906.9808

Langdale |

TOWNHOME

C

S

C

Showhome at 704 – 176 Street SW Call Lily at 780.690.7825

N

Allard |

S

TOWNHOME

3322 Abbott Crescent SW NEW!

S

Call Blair at 780.909.9141

C

For all product listings and more visit RohitCommunities.com

a Rohit owhome today

WEST EDMONTON

FORT SASKATCHEWAN

Hamptons |

Sienna |

DUPLEX

Showhome at 1753 Hammond Crescent NW

DUPLEX JUST RELEASED!

Showhome at 1 Santana Crescent

Call Kim at 780.906.9808

Call Kathy at 780.446.2643

Edgemont |

SHERWOOD PARK

DUPLEX

Showhome coming soon! PRE-SELLING!

Call Kim at 780.906.9808

DUPLEX

Showhome at 118 Cy Becker Blvd NW

Call Chris at 780.995.6054

NORTHWEST EDMONTON

Starling at Big Lake |

DUPLEX

Showhome at 2407 Sparrow Crescent NW

Call Pam at 780.938.5478

e information

DUPLEX

Showhome at 2 Sunterra Way

NORTHEAST EDMONTON

Cy Becker |

Aspen Trails |

Call Wende at 780.952.1572

FIND YOUR PERFECTLY LOCATED SMART SPACE IN A

ROHIT DUPLEX OR TOWNHOME Rohit Duplexes & Townhomes are located in prime areas with great amenities. With 16 locations in Edmonton and area we are sure to have a perfect fit for you!

Homes up to 1500 square feet with two or three bedrooms.

Features such as laminate, tile, granite, and second floor laundry come standard with many upgrade options available.

Landscaping, deck, and appliance allowance are included.

Moving into a new home has never been easier!

Starting from the $310,000’s

Edmonton & Area M

y da en

tho An

ive Dr

1 66 Street

r lbe ra tT

2

FORT SASKATCHEWAN

Range Rd 230

153 Ave

.A

St

Drive bon ib

137 Street

e Av

9

H ny

127 Street

Ra yG

99

ive

Dr

92 Street

ST. ALBERT

g nin an

il Yellowhead Trail Yellowhead Trail Groat Road

8

Wye Road

Whyte Ave Whitemud Drive 50 Street

75 Street

3

Terw illeg ar

1. Edmonton North

Elements – Two storey duplexes or townhomes with attached garage or without attached garage

Village – Two storey townhomes or duplexes with rear lane access

6

3. Edmonton West Elements Hamptons

Elements Cy Becker

Elements Edgemont

Evolve Cy Becker

Evolve Edgemont

4. Edmonton Windermere

Landing – Townhome Condominium Project

5. Creekwood Chappelle Elements Chappelle

6. Edmonton South

Tawa Landing

8. Sherwood Park Elements Aspen Trails

Vistas at Callaghan North

Evolve Sherwood Park

Village at Langdale

Village at Allard

Evolve Starling

Elements Glenridding

Evolve Allard

Elements Glenridding Heights

Vistas at Allard

Evolve Glenridding Heights

7. Edmonton South East

Callaghan Landing

Elements Starling

RohitCommunities.com

Home Styles Vistas – Bungalow communities

Evolve – Single homes with

Casselman Landing

2. Edmonton North West

23 Ave

111 Street

5

7

17 Street

Calgary Trail

4

N

Whitemud Drive Gateway Blvd

Dr ive

Whitemud Drive

Drive Henday A n th ony Ellerslie Road

Highway 21

Baseline Road

Cloverbar Road

Highway 14

Anthony Henday Drive

EDMONTON

9. Fort Saskatchewan Elements Sienna Evolve Sienna