Edmonton New Condo Guide - Feb 24, 2017

FEB 24 - MAR 24, 2017 VOLUME 25, ISSUE 2, FREE

EDMONTON EDITION

Live. Work. Thrive. Play.

THE HARMONY AT BARANOW

theharmony.ca INSIDE THIS ISSUE

7 QUESTIONS TO ASK YOUR NEW CONDO BUILDER

STYLE FILE: LUXE LOOKS THAT WON’T BREAK THE BANK

LOW INTEREST RATES A BONUS FOR BUYERS

NOW OPEN

IN SPRUCE GROVE

UNDER NEW

MANAGEMENT A GEN U I N E SENSE OF COM MUN I T Y Heritage Creek is a Active Adult gated community in Spruce Grove, ideal for snowbirds, empty nesters and retirees. Heritage Creek is located just minutes from modern, natural and social conveniences such as shopping & restaurants, forested, all-season walking trails and our prized private amenity building. With these conveniences right in your neighbourhood, casual walks will be a daily event.

Info Centres are located at 50 Heatherglen Drive, Spruce Grove and the hours are Monday to Thursday 1-6 PM and Saturday, Sunday & Holidays 1-5 PM.

Participating Home Builders:

Christenson Group

Marcson Homes

Shirley Lumme ShirleyL@cdlhomes.com 780-297-9707

Krista Galenzoski kgalenzoski@marcsonhomes.com 780-571-1704

HeritageCreek.ca

E

MORE TIME MORE CHOICE

MORE FREEDOM The Name In Active Adult Living With 45 years of experience creating award winning multi-family urban villages for adults and seniors, Christenson Group of Companies has been providing Edmonton and surrounding area with more than just a home.

FINALIST FOR 2 AWARDS

ETON PARK ESTATES 5001 Eton Boulevard, Sherwood Park 780.410.0004 • EtonPark.ca • Granite Counter-Tops • Air Conditioning • 9’ Ceilings • Fitness Room • Social Room • Many Occupancy Options Available

K WAULT E O AB L VAIL

FINALIST FOR 2 AWARDS

VILLAS AT LACOMBE PARK 31 Legacy Terrace, St. Albert 780.903.2465 • LacombePark.ca • Spacious Open Floor Plans • Vaulted Ceilings • Finished Basements • Granite Countertops • Custom Cabinetry • Hardwood & Ceramic Flooring

A

RIVERS EDGE VILLAS 3090 Cameron Heights Way, Edmonton 780.554.8342 • TheRiversEdge.ca • Exclusive Location • Finished Basements • 6 Appliances • Spacious Floorplans • Hardwood & Ceramic Floors • GST Included

Info Centre Hours are Monday to Thursday 1-6 PM and Saturday, Sunday & Holidays 1-5 PM.

CDLhomes.com

Building Luxury Lifestyle Communities in the Edmonton area since 1980. abbeylanehomes.com

Suite 200, 10568 109 Street NW Edmonton AB T5H 3B2 780.425.2884

AbbeyLaneHomes

@AbbeyLaneHomes1

info@abbeylanehomes.com

SUPPER POWER. Extraordinary people deserve extraordinary homes.

And we believe that anything is possible if you put your mind to it. With cutting edge appliances, elegant fixtures and ample counter space, our kitchens break the barriers of conventional home design. Discover your supperhero side with Averton. We designed the kitchen—what you make in it is up to you.

PUTTING OWNERSHIP WITHIN EASY REACH.

Averton is giving you POWER. Averton POWER will help you own a home that is within your financial, emotional and lifestyle needs. We will work with you to build a plan that is easy to understand, and even easier to fulfill. We can’t wait to share our exciting properties with you. Give us a call or visit us online at averton.ca to explore our communities.

POWER TIP You’ve got great style, so why not have a home to match? Speak with your builder about tailoring your home’s interior design to fit your personal style. From marble countertops to luxury bathroom fixtures, almost anything is possible with the right investment and creativity.

w No

g llin Se

1304 Rutherford Road

REDEFINING TOWNHOME DESIGN.

Ellerslie Road & 119 Street

Two to four bedroom townhomes from the mid $200s to over $600,000.

Call 780.701.7296 pivot@averton.ca

n

pe

O me

o

h ow Sh

4003 Blackbird Link

QUICK POSSESSIONS WITH NO CONDO FEES.

137 Avenue & 199 Street

Two and three bedroom townhomes from the $300s.

No

o nd

Call 780.638.0176 starling@averton.ca

es

Fe

Co

539 Chapelle Drive

QUICK POSSESSIONS NOW AVAILABLE FOR ALL HOMES.

28 Avenue & 141 Street

Showhome now open. Two and three bedroom townhomes starting in the $300s.

Call 780.638.5873 creekwood@averton.ca

Get in touch with one of our New Home Professionals to start exploring our showhomes and presentation centres.

Only new home sales are eligible for POWER benefits. POWER benefits are subject to change at any time. See a new home professional for details. Prices and specifications are subject to change without notice. E. & O.E.

averton.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 7

Web Directory BUILDERS/DEVELOPERS Abbey Lane Homes Addison Condos Californian Parkland Carrington Communities Cascade Luxury Condos Centurion Townhomes Christenson Developments Ltd. Coventry Homes

Find your next condo online, it’s easy!

BUILDERS/DEVELOPERS

www.abbeylanehomes.com www.theaddisonoffwhyte.com www.vipliving.ca www.carrington.ca www.cascadecondos.ca www.centuriontownhomes.com www.cdlhomes.com www.coventry-homes.com

Parkwood Master Builder

Stafford Greens

www.staffordgreens.com

Symphony Tower

www.symphonytower.ca

The Vermillion

www.grovenormanor.com

Grande Design Homes

www.grandedesign.ca

Homes by Avi

www.homesbyavi.com

Landmark Group Lang Built Homes Park Homes

www.landmarkgroup.ca www.langbuilthomes.com www.parkhomes.ca

www.edmontoncondo.com

Tessco Incorporated

www.encoretower.com

Grovenor Manor

www.solaraliving.ca

Solara at Skyview

Encore Tower

www.foxtowers.ca

www.secordcorners.ca

Secord Corners

The Leger

www.footprintdevelopments.ca

www.secordchalet.com

Secord Chalet

www.daytonahomes.ca

Fox Two

www.rohitcommunities.com

Rohit Communities

Daytona Homes Master Builder

Footprint Developments

www.parkwoodmasterbuilder.com

www.brass3.com www.vermillioncondos.com www.rushesofsouthfork.ca

The Rushes of Southfork

www.signatureambleside.com

The Signature

www.ultimatower.ca

Ultima

RELATED BUSINESS 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

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

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 9

no condo fees.

You had me at

Only

10

s townhobmlee availa

Enjoy the simplicity of townhome living with single family home details including:

Double Detached Garage

•

6 Appliances

•

Landscaping

•

Basement Rough-In

all with the freedom of no condo fees. Now building in Laurel Crossing, with a new school and community lake, right in your backyard.

Purchase today and receive $500 every month* you wait to move into your new townhome!

Visit our showhomes or coventry-homes.com/Townhomes for more details.

* See Area Sales Managers at any of our showhomes for more details.

Buy your dream home

& get thousands in

CASH BACK ! *

Learn more today!

1-855-757-2275 | ComFree.com *How it works: ComFree Commonsense Network keeps an amount of $2,000 from the commission it receives from the seller’s brokerage and splits the remaining balance equally with the buyer. No cash back if the commission received is lower than $2,000 or if it’s a ComFree seller. Available in serve regions only.

JAN 27 - FEB 24, 2017 | NEW CONDO GUIDE 11

contents FEB 24 – MAR 24, 2017 | VOLUME 25 ISSUE 2

homebuyers’ resources

9

Web Directory

in every issue

14

Editors’ Note

22 Neighbourhood Profile 43 What’s Online 46 Mortgage rates trending

24 Grand opening

Sales begin at Grandin Parc Village

30 Housing market

January home sales up 19 per cent, consumer confidence on the rise

32

Homebuyers’ help

Seven questions to ask your condo builder

by Lydia McNutt

57

Home builder awards

2017 CHBA Awards of Excellence in Housing finalists announced

advice

38

CHBA Alberta

Low interest rates a bonus for homebuyers

by Donna Moore

+ online NEIGHBOURHOOD

HOME SEARCH

48

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

WITH

DYNAMIC MAPS

LOOK FOR THE CIRCLE

VICE PRESIDENT & CHIEF PUBLISHING OFFICER

FEB 24 - MAR 24, 2017 VOLUME 25, ISSUE 2, FREE

Caroline Andrews PUBLISHER & GENERAL MANAGER

ON THE COVER

EDMONTON EDITION

Live. Work. Thrive. Play.

THE HARMONY AT BARANOW

20

The Harmony at Baranow

7 QUESTIONS TO ASK YOUR NEW CONDO BUILDER

STYLE FILE: LUXE LOOKS THAT WON’T BREAK THE BANK

When housing markets heat up, cooler heads prevail

by Lydia McNutt

44 Mortgage advice

Four ways to save your down payment faster

by Alyssa Furtado

50 Fundamentally speaking

Three reasons Americans won’t be scooping up Canadian homes

by Wayne Karl

Inspiration

48 Designer advice

Seven luxe looks that won’t break the bank

by Yanic Simard

Moe Lalani SENIOR MANAGER, CONTENT

Jennifer Reynolds SENIOR SALES MANAGER, WESTERN CANADA

Shelley Balla SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Megan Pike CONTRIBUTING EDITORS

Sonia Bell Wayne Karl Elisa Krovblit

Shelby Biggs 587.357.7402 Natalie Houghton 587.226.1313

LOW INTEREST RATES A BONUS FOR BUYERS

42 News and views

DIRECTOR OF SALES

SALES REPRESENTATIVES

theharmony.ca INSIDE THIS ISSUE

Shawn Woodford

district maps

NATIONAL CIRCULATION MANAGER

John Jenkins

19 North West PRODUCTION MANAGER

23 St. Albert

Helen Pearce

27 Fort Saskatchewan

PRODUCTION CO-ORDINATOR

29 North East

GRAPHIC DESIGNERS

Hannah Yarkony Miguel Cea Mike Terentiev

31 Sherwood Park 35 Beaumont 36 Leduc

PO Box 458. Station Main, Edmonton, AB T5J 2K ypnexthome.ca

37 Southeast 39 Southwest 41 Spruce Grove

ADVERTISING

Call 587.784.4044 for advertising rates and information.

45 West

CIRCULATION

47 South Central

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

51 Downtown

COPYRIGHT 2017

All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited.

Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS

Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL

30

Submissions from interested parties will be considered. Email submissions to the attention of the editor at lydia.mcnutt@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

Editor’s Note

The cream of the crop IF YOU’RE IN THE MARKET for a new home, you’re in luck! The

LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets

Edmonton area is home to some of the best builders around, many of which will be honoured by the Canadian Home Builders’ Association – Edmonton Region at the upcoming 2017 Awards of Excellence in Housing.

Held on March 18, these awards will highlight the best of the best in categories including Single-Family, Multi-Family, Renovation, Sales Centre, Advertising, Development, Leadership, Environmental, Builders Choice, Sales Volume, Sales People, Builder/Realtor and Customer Choice.

The finalists have been announced and the list is long, which is a testament to the creativity, craftsmanship and commitment in Edmonton’s home-building industry.

With so many great builders out there, how do you know which one is right for you?

To answer that question, you’ll first need to ask a few more: What builders are out there? How long have they been in business? How many new communities have they completed? What are they building, and where? Can they deliver your list of must-have? At what price?

Visit builders’ sales centres and show suites, speak with staff, and tour new-home communities – completed and in progress, to see the team in action. Don’t be afraid to knock on some doors and ask existing residents about their home-buying experience.

There’s so much choice in the Edmonton Region, whether you seek a compact condo or a sprawling country estate – potentially by an award-winning home builder, which makes you, the homebuyer, the real winner.

CUMBERLAND

SEE MORE PHOTOS ONLINE Most of the homes here were built in the 1990s and early 2000s. The trees appear to be as young as the homes, but the man-made lake is a lovely addition to the community. Walking paths and green spaces run throughout Cumberland to bring the area together. Residents enjoy a high quality of living with convenient access to restaurants and amenities.

Read the full story…

nexthome.yp.ca/Cumberland

+ get social 14

YPNEXTHOME.CA

Interact with us on social media: ypnexthome

RAY GIBBON DR.

M AR K

M ES

SIE R

TR A IL

RT BE AL

MERIDIAN STREET (0 St.)

ST.

137 Ave.

AIL TR

DR.

Lessard Road DR.

QE II

James Mowatt Trail

127 St.

141 St.

170 St.

Cameron Heights Drive

*LEERQV

Interchange

28A

EDMONTON & REGION Check Each Area District Map For More Information

&DOPDU

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 15

16

YPNEXTHOME.CA

Hurryin in and and ask how to to paypay Hurry howyou youcan canget getCarrington Carrington for your mortgagefor forup up to to 26 26 months!* months!* your mortgage FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 17

LOOKING FOR A NEW HOME? we can help!

Brand new name, same great app.

Everything you need to know to buy or rent your next home.

DOWNLOAD THE APP

North West Edmonton City Boundary

10

135 St.

7 132 Ave. 127 Ave. ss . ce ve rin h A

P bet Kin gsw liza E ay Ave .

109 St.

124 St.

142 St.

156 St.

Rd .

170 St.

5

111 Ave.

Ma yfi eld

178 St.

184 St.

215 St.

149 St.

Dr

He nd ay

An th on y

199 St.

l Trai ad w he o l l Ye 118 Ave.

il Tra ert Alb St.

9

137 Ave.

153 Ave.6 14 1

97 St.

8

1424Ave.

150 Ave.

11 13

162 A ve.

121 St. 113A St.

153 Ave.

127 St.

Cam pbell Rd.

167 Ave.

148 Ave.

2 3

12 176 Ave. Castle Downs Rd.

Stony Plain Rd.

MAP LISTINGS

1 COVENTRY HOMES Castle Downs Rd. & McCrae Ave.

6 VALOUR

2 ALBANY TRAILS

7 BELLWETHER PARK 132 Ave. & 132 St.

BY FOOTPRINT DEVELOPMENTS

138 St & 167 Ave. 3 AVIVA

BY CARRINGTON COMMUNITIES

507 Albany Way 4 ALTIUS SKYVIEW

BY STREETSIDE DEVELOPMENTS

12815 Cumberland Rd. 5 ALOFT SKYVIEW

BY STREETSIDE DEVELOPMENTS

12804 - 140 Ave.

BY CARRINGTON COMMUNITIES

508 Griesbach Parade NW

8 THE HARMONY

BY P2000 DEVELOPMENTS

Sales Center 14904-125 St 9 STARLING LANDING

BY ROHIT COMMUNITIES

2405 Sparrow Common

BY ROHIT COMMUNITIES

2407 Sparrow Crescent 12 LEGACY POINTE

BY CONCEPT HOMES MASTER BUILDER

18230 - 104A Street 13 STARLING AT BIG LAKE

BY ROHIT LAND DEVELOPMENT

137 Ave & Ray Gibbons Dr. 14 JUNO TOWNHOMES

BY SLOKKER CANADA WEST

2570 Pegasus Blvd.

10 URBAN CENTURY

BY FOURCHA GROUP

14705-125 Street 11 STARLING DUPLEXES

SEARCH ONLINE ypnexthome.ca

Building Dreams Come True for Over 40 Years

LIVE FREE ‘TIL OUR NEXT ELECTION! *For disclaimer, please see our ad between pages 18 and 19

Carrington Communities

Offering Real Value to Edmontonians

Ask how you can get Carrington to pay your mortgage for up to 26 months!*

NORTHWEST EDMONTON

508 Griesbach Parade NW – 780.760.2002 www.valourcondos.com STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 19

The Harmony THE PERFECT BALANCE OF DESIGN, AFFORDABILITY AND LOCATION

M

ost people today are looking for some sort of balance in their lives. Whether that’s finding work/life balance or balancing time with family and time with friends, very few people have perfect harmony in their lives. So for those seeking balance between where they live and affordability need to look no further than P2000 Development’s new project, The Harmony in northwest Edmonton.

Located in the newly established community of Baranow, The Harmony is perfectly located for anyone who likes having lifestyle and professional amenities within walking distance. There are four grocery stores nearby, along with a YMCA, rec centres, golf courses, Londonderry Mall, restaurants, cafes, pharmacies and more. It’s also close to Christy’s Corner and the shops at Skyview Power Centre.

“We’ve been holding on to this land for five years now. It’s such a great location and we wanted to build something special here,” says David Phan of P2000 Developments. They build one project at a time, and wanted to make sure the time was right and community was established for their homebuyers. Phan: “Everything is already there, so it’s a very attractive location.”

Of course, location is not the only thing Phan focusses on. “We also wanted to build something with a beautiful exterior,” David Phan explains. He continues: “Something that’s pleasing to the eye, first and foremost.” That includes The Harmony’s wrought iron fencing around the building and stone pillar accents. Gone are the typical vinyl or stucco exterior, and instead the building features hardie boards that are water and hail resistant.

Phan also has a keen eye on green building practices, and is installing a metal roof on The Harmony—something typical for commercial not residential buildings.

“Basically, you don’t need to replace the roof in the building’s lifespan, so we’re not using resources that need to be replaced in the future.” There are LED lights throughout to reduce energy consumption and R40 rooftop insulation that can reduce building energy costs by up to 40%.

The Harmony has modern bachelor, one-bedroom, one bedroom + den and two-bedroom suites that range from 463 sq. ft to 915 sq. ft. (One unique feature of the bachelor condos are built-in, custom Murphy bed).

All suites have quartz countertops in the kitchen and bathrooms, stainless appliances, and luxury vinyl board flooring throughout (with a lifetime warranty).

The custom-made kitchen and bathroom cabinetry are two-toned and come with soft-closing hinges. French doors separate the suites from the balconies, and are designed to keep in the heat during the winter. Plus, all suites come with window coverings and in-suite washer and dryers.

Suites range from $173,000 to $300,000, and preselling starts this October. Move in is expected to begin in mid-2018.

For more information about The Harmony, visit theharmony.ca or visit the sales trailer onsite at 14904 – 125 Street NW Edmonton

THE HARMONY AT BARANOW

Live. Work. Thrive. Play.

A home for your family and your dreams.

FROM

173,000

$

including heated underground parking

Water and hail resistance exterior (Metal roof, Hardy board and stone exterior) One flooring through out the suite with no lino and carpet.

Stainless steel appliances with glass top cooking element.

148 AVE

137 AVE

125 ST.

127 ST.

153 AVE

Visit our Sales Centre at 14904-125 Street Mon-Thur 1-7pm Sat, Sun& Holidays 1-5pm Closed Fridays p 587.990.2398 p 587.990.2396 p 403.770.4028

• • • • • • • • • • • • • • •

Bachelor, 1-2 bedrooms from $173s 463-915 Sqft Spacious & functional Floor plans Quartz countertops Heated underground parking Window coverings Non-slip, scratch proof & water-resistant limited lifetime warranty flooring 7 appliances Soft-closing kitchen & bathroom cabinetry.

Soft-closing toilet seats 30 free air-conditioners on first come first serve Air conditioned common areas.

Wheelchair accessible entrance Recorded video surveillance camera P2000 Developments only builds one project at a time enabling us to focus 100% of our attention on the details and features that provide the best product for the money.

theharmony.ca JAN 27 - FEB 24, 2017 | NEW CONDO GUIDE 21

Neighbourhood Profile

Cumberland

By Ryan Willis

Fast facts Average household income

$123,777

Most common housing type

Detached

Family composition

FAMILIES

COUPLES

SINGLES

58%

29%

13%

Own vs. rent

MORE PHOTOS ONLINE

12%

nexthome.yp.ca/Cumberland

MOST OF THE HOMES HERE were built in the 1990s and early 2000s. The trees appear to be as young as the homes, but the man-made lake is a lovely addition to the community.

Walking paths and green spaces run throughout Cumberland to bring the area together. Residents enjoy a high quality of living with convenient access to restaurants and amenities.

The vibe Young married families comprise a majority of the population, but single professionals also love the area and are well represented.

In the area Hudson Park and Cumberland Park are wonderful for enjoying a sunny day playing catch with the kids. The lake, which doubles as a storm water management facility, is great to practice your kayaking or swimming (at your own risk).

Meet the neighbours According to the 2011 census, one-third of the population in this neighbourhood is below the age of 22

YPNEXTHOME.CA

RENTERS

19, so expect to see plenty of families.

A new and affluent area, the average household income is approximately $100,000. People of European and British origin are the most common demographic.

Dollars & sense The Save-On-Foods in the strip mall on the northeast side provides great prices for the community.

Tim Horton’s is a staple for the early morning commuters, and Original Joe’s always has something special going on. With the considerable average income, one might expect expensive services, but this is not the case. Many outlet and bulk grocery stores are within a five-minute drive of Cumberland.

Planes, trains & automobiles Bus routes are best enjoyed with a book in hand, as they are infrequent and provide a lengthy trip to downtown. Most residents drive instead. 153rd Avenue reaches eastward, but the proximity of St. Albert Trail and Anthony Henday Drive to Cumberland makes these

88% OWNERS

Education levels

42% HIGH SCHOOL

25% UNIVERSITY

33% COLLEGE

SOURCE: ENVIRONICS

two highways the prime movers for getting around Edmonton. 127th Street south of 137th Avenue should be avoided during rush hour.

Real estate Townhouses are a rare sight in Cumberland, as most of the properties are detached homes with attached garages. While the homes here are newer, they usually do not surpass the $600,000 mark, likely due to the location. St. Albert is nearby, but the rest of Edmonton, including downtown, is at least 20 minutes away by car.

St. Albert

1 CITADEL VILLAGE

Keil lor Dr.

e.

Poirier Av

Rd .

St. Al be r

Boudreau Rd. Campbell Rd.

Ro ad He be rt

Rd .

Dr. ins k t A

TO

tT r.

167 Ave.

ED

M

156 St.

184 St.

170 St. Gerva is

Av e.

er Riv

Levasseur Rd.

MAP LISTINGS

ud re au

e.

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

Ga te

n eo rg u t S

ros e Dr.

Bo

Sturg eon Rd .

ve. yA enn K c M

2

ron Per

Lacombe Dr.

3 4

Kin gsw ood Blvd.

lle Be

1

. x Rd irou

ert .

St. Alb

G

Element Dr. Erin Rid ge Dr.

TO MORINVILLE

3

ON

TO N

THE LINX

BY CHRISTENSON GROUP

BY CHRISTENSON GROUP

St. Albert Trail & Ridge Drive

88 Lacombe Drive

2 BOTANICA

BY BOUDREAU DEVELOPMENTS LTD.

4

THE TERRACES

BY CHRISTENSON GROUP

88 Lacombe Drive

105 Bellerose Drive

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 23

Trending

Sales begin at Grandin Parc Village, 10-acre master-planned community

Pictured: Glenda Patrick,Grandin Parc Village sales team member; Marcello De Cotiis of Amacon Construction; Mayor Nolan Crouse; and Colleen McLeod, Grandin Parc Village sales team member

AMACON, THE DEVELOPER OF

Grandin Parc Village, has released the first homes for sale at its highly anticipated, master-planned, 10-acre site in downtown St. Albert.

The Parc Residences, a crescentshaped, five-storey building located at the south end of the property flanking Grenadier Park, is the first building with homes available for reservation and sale, following a ceremonial ribbon-cutting attended

by St. Albert Mayor Nolan Crouse, among others.

“The ribbon-cutting will represent a significant step for the City of St. Albert, Amacon and Grandin Parc Village, marking the completion of the first phase of this masterplanned, mixed-use, 10-acre development,” says Simon Taylor, director of development with Amacon. “We are extremely excited to see the Village start to take shape and have the first homes ready for occupancy by late February.”

The Parc Residences is the first of two buildings in phase one, which commenced construction in 24

YPNEXTHOME.CA

summer 2015. The second building, named Tache, will offer 48 homes that will be ready in the coming months, and will also include three commercial spaces, which are now actively being leased.

With homes ranging in size from 658 to 1,407 sq. ft., The Parc Residences offers one-, two- or three-bedroom style homes. All homes are singlelevel, condominium-style homes which have nine-ft. ceilings, air conditioning, Whirlpool appliances, Moen fixtures and quartz countertops.

Homes are priced from $199,900, and include secured underground parking and storage. Building amenities include an on-site fitness centre and social lounge, and additional underground visitor parking for guests.

“The Parc Residences was simply and aptly named for its beautiful park-side location,” says Grace Austin, sales and marketing manager with Amacon. “We are offering a variety of home designs at the Parc

Residences, comfortably set next to 42 acres of Grenadier Park, so there is something for everyone.”

At the completion of all four phases, Grandin Parc Village will include 1,200 new homes within lowrise, midrise and highrise residential buildings, as well as 160,000 sq. ft. of retail, additional office space, and a walkable village concept with public spaces.

“This is a truly unique offering, where you can choose a brand new, move-in ready home, and be the first to live in this brand new community with so much more to come,” adds Austin.

The sales centre is now open daily from noon to 5 p.m., and Fridays by appointment only, at #104 – 5 St. Louis St., St. Albert.

To register for more information, call 780.458.6688 or visit online at grandinparcvillage.com.

MORE TRENDING ONLINE ypnexthome.ca/news

E

E S W NO

G N I LL

A VIBRANT NEIGHBOURHOOD IN THE HEART OF ST. ALBERT Discover the first release of homes at Parc Residences, offering 1, 2 & 3 bedroom homes.

Starting from $199,900 (including underground parking).

Presentation Centre & Show Homes 104 - 5 St. Louis Street, St. Albert (entrance off Grandin Rd) | Open Daily 12 - 5pm (closed Friday)

780 458 6688 | GrandinParcVillage.com The developer reserves the right to modify the information contained herein without notice. Prices are subject to change.

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!

Fort Saskatchewan 37

ive r

St

99 Av e

89 94 Av e

21 for uth So

88 Av e

e Av 86

Range Rd 224

98 Av e

1

St 94 r tD

94 Ave

St 82

St

Wes t

o d brid g

ink eL

Wilshi re

116 St

St

92

We stp a Blvd rk

Township Rd 543

MAP LISTINGS

e Av 92

87 Ave

Dr rk pa

Wo

15

98 Ave

93

Ave 95a

96

86 St

84 Ave

83 Ave

e Av

ve 97 A

Ave

112 St

113 St

99

91 St

r No

R an ew h atc ask th S

e Av

St 101

99

85 Av e

e Av 99

15

Township Rd 544

Sou thfo Blv rt d

d Blv

1 CLIO

BY PARK HOMES

#94th St Southfort Drive

WELCOME TO FORT SASKATCHEWAN A quiet, friendly, family oriented community.

“Move in Next Door...

Neighborly Fort Saskatchewan”.

POPULATION Over 24,000 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 Co-op, Safeway and No Frills 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

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 27

New 2017 Coming soonAnnual On Stands Now! Watch it!

Outfor Now! October 2012

20 17

Exploring Edmonton’s top builders and developers – one community at a time

28

YPNEXTHOME.CA

North East Sienna is Edmonton the perfect community to make unforgettable memories.

195 Ave.

CAPILANO BRIDGE

MAP LISTINGS

1 TOPAZ 70-8318 180 Ave.

BY CARRINGTON COMMUNITIES

142 Ebbers Blvd. NW

BY LANDMARK HOMES

3650 - 139 Avenue NW 4 NORTHSHORE

21

So u

To E dm ont on/ Sh e

15

r. rt D fo th

86

e.

Av

N

84 St

.

Sienna Blvd

.

Showhomes

BY ROHIT COMMUNITIES

118 Cy Becker Blvd.

167 Ave. & 53 Street

10 KIRKNESS

6 KERNOHAN RAVINES

BY LANDMARK HOMES

415 Clareview Rd.

BY LANDMARK HOMES

11 ALTIUS CRYSTALLINA

7 CASSELMAN LANDING

BY STREETSIDE DEVELOPMENTS

17832 78 St.

BY ROHIT COMMUNITIES

#1, 5203 - 149 Ave.

BY CARRINGTON COMMUNITIES

5510 Schonsee Dr.

Y

HW

9 CY BECKER DUPLEXES

415 Clareview Rd.

3 SAVIDA

15

North Saskatchewan River

BY CARLISLE GROUP

2 ELEMENTS MANNING

on

104 Ave.

5 ELEMENTS AT MCCONACHIE

BY PARK HOMES

k ar dP oo rw

Y

nt

Y

34 St.

58 St.

.

Ave d.

112 Blv Ada

HW

mo

HW

Hooke Rd. Hermita ge Rd. YEL LOW HEA Sienna-FortSask.com DT RAI L 38 St.

95 St.

118 Ave.

Ed

92 St.

Ave. Rohit Communities:127780.995.6054 122 Ave.780.997.0960 Sterling Homes: 121 Ave. 120 Ave.

to

Fort Saskatchewan

Victoria Tr.

Fo rt

Rd .

ve.

2 144 A 3 ve.

A 7 13

St. 94

129 Ave.

22 St.

M Fo ANNIN GF rt WY. Rd .

34 St.

66 St.

87 St.

82 St.

97 St.

Single Family, Duplex and Townhomes that are Move in Ready.

Visit our Showhomes Today.

151 Ave. t.

101 S

• Hospital & Schools • Parks, Playground & Trails .

160 Ave .

Ave • Performing Arts Theatre 153 7 • Recreation Centre 144 Ave. • Trendy Restaurants & Shopping 137 Ave. • Homes Starting in132the $320’s* Ave.

8 9

1675Ave.

11

20 St.

4

50 St.

91 St. 1

8 ALTIUS CY BECKER

BY STREETSIDE DEVELOPMENTS

165 Cy Becker Blvd.

Moments like SEARCH ONLINE ypnexthome.ca

EPIC These PRICES! Building Dreams Come True for Over 40 Years

elementsbycarrington.ca

Look for these new signs in Fort Saskatchewan

Carrington Communities

We’re Great With Our Word

Condos starting from the $130s Please see our ad between pages 50 and 51

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 29

Trending

January home sales up 19 per cent, consumer confidence on the rise HOME SALES in the Edmonton area were up 19.4 per cent in January compared to the same month in 2016, and up three per cent from December 2016, hinting at revived interest in Edmonton’s housing market.

According to the latest data from the Realtors Association of Edmonton, prices were stable with only modest decreases across each housing type. Year-over-year, condominium prices rose 8.7 per cent and duplex/ rowhouses were also up eight per cent. Both categories decreased only slightly relative to December 2016, with condominiums down 0.37 per cent and duplex/rowhouses down 0.46 per cent.

The average price of single-family homes also remained stable at $416,859, which is down 0.49 per cent relative to January 2016, and down 0.97 per cent compared to December 2016.

30

YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

“2017 has started strong, with an increase in year-over-year unit sales and prices remaining stable,” says James Mabey, chair of the Realtors Association of Edmonton. “While it is still early in the year, the rise in sales suggests that consumer confidence in the housing market is on the rise.”

The average days on market for all residential listings increased, which is typical for the winter season.

Single-family homes average days on market was 68, compared to 62 days on market in the previous month. Condominium average days on market increased to 82 relative to 80 days in December 2016. Duplex/ rowhouses continue to be popular,

with the average days on market decreasing to 68 days, which is 10 days faster than in December 2016.

All residential inventory decreased 2.7 per cent compared to January 2016, and increased by 7.4 per cent relative to December 2016. While the overall listings for January more than doubled compared to December 2016, from 1,067 to 2,185, they decreased year-over-year by 7.6 per cent compared to January 2016.

“Realtors always look forward to fresh inventory in the spring.

Inventory was a big story in 2016, so it is positive to see more seasonally appropriate inventory for 2017,” adds Mabey.

Sherwood Park 16 Emerald Dr

Co mm o

n Dr S

Cra n Wa ford y

Sherwood Dr

Broadmoor Blvd

Summerwood Dr

Da vi Dr dso n

n Dr N mo om

Davenport Dr

Cranberry Dr Dr Crimson

Jim

l Dr Bethe

Broadw ay Bvld

21

Primrose Bvld Meadowview Dr

Baseline Rd

Granada Blvd

Dr Brentwood Blvd

d Sherwoo

y Wa

Jim C

ron ma Bison Way Cim

Cr an Dr ford

Shivam Rd

Broadview Rd

Dr

Summerland Dr Summerwood Blvd

rkdale Dr Cla

216

Lak ela nd

Bethel Way

Pretroleum Way

2 1 5

Asp e Trail n

Campbell Dr

Buckingham Dr

Streambank Ave

Clover Bar Rd

y Way Amberle

Da w Dr son

Premier Way

Strathmoor Dr

Strathmoor Way

y on Eb lvd B

Strathmoor Way

3 4

Eton Blvd

Pembina Rd Strathmoor Dr

Wye Rd.

MAP LISTINGS

1 SUMMERWOOD DUPLEXES

4 REFLECTIONS

BY ROHIT COMMUNITIES

BY CHRISTENSON GROUP

100 Axbridge Gate

111 Festival Way. Sales centre 5001 Eton Blvd.

2 ASPEN TRAILS

BY ABBEY LANE HOMES

Axbridge Gate off of Lakeland Dr. 3 ETON PARK ESTATES

5 ASPEN TRAILS DUPLEXES

BY ROHIT COMMUNITIES

100 Axbridge Gate

BY CHRISTENSON GROUP

5001 Eton Blvd.

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 31

Trending

7 questions to ask your condo builder

By Lydia McNutt SO, YOU’VE DECIDED TO BUY a new condo. While you’ll be faced with dozens, if not hundreds, of choices throughout the purchasing process, perhaps the most important decision you’ll make is choosing which builder is right for you.

The good news is, there are lots of great home and condo builders in the Edmonton area, vying for your attention.

32

YPNEXTHOME.CA

To distinguish themselves from the crowd, some builders offer financial incentives to entice buyers. Others differentiate themselves with their product. Some builders specialize in skyscrapers, while others build more intimate midrise and townhome communities. Some condo builders have an eco-friendly agenda, while others are all about the luxury features. Ensure you’re comparing

apples to apples.

Be clear as to what you want and need in your new home or condo, and then determine who can deliver.

Remember that a little research goes a long way.

Here are seven questions every buyer needs to ask before they sign on the dotted line, along with some helpful tips from Canada Mortgage and Housing Corp.

1 | Who’s building what? Determine your area of choice, and who’s building what there. Ask friends, family members and co-workers for names of reputable builders they have dealt with. Nothing beats first-hand experience. You can also check with the Canadian Home Builders’ Association – Edmonton Region for a list of builders in the area.

How long has the builder been in business? How many homes do they build each year? Ask for references.

If this is starting to sound like a job interview, you’re on the right track.

2 | What is the builder’s experience?

If this is starting to sound like a job interview, then you’re on the right track. How long has the builder been in business? How many homes or condos do they build each year?

What kind of background and experience do they have? Ask for references, and contact them to find out if previous buyers are satisfied with the homes they purchased and the service they received.

3 | Is the builder licensed with the proper registrations required for Alberta? If they don’t take care of their own house, how can you trust them to take care of yours?

4 | Is there a show suite? Tour each one in detail, taking note of what you like and what you don’t. Take your time, and if you feel you don’t know enough about construction to make a decision, bring someone with you who does.

5 | Can I get a site tour? This isn’t always possible, but it’s definitely worth asking. You can tell a lot about a builder by seeing them in action.

6 | Can I see the master plan?

Request this from the builder as well as the municipality. If you’re moving into a brand-new community, know that it will most likely look very different in 10 years than it does when you buy your home. What’s the future plan in terms of retail, schools and services, public spaces and infrastructure? These can affect the value of your home – positively or negatively.

7 | Can I ask a few more questions? Ask as many questions as you can think of, and note the answers to review and compare at your leisure. Know that if a builder or representative is unable or unwilling to answer your questions, this is a red flag.

A home is the biggest purchase you’ll make in your lifetime. It can be tempting to buy on a whim, but look before you leap.

Some careful consideration on your part will help to ensure you make a wise move that will enhance your lifestyle for today, and make a great investment for tomorrow!

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 33

Canadian

PROPERTY INVESTOR

Vancouver | Toronto | Ottawa | Calgary | Edmonton

ON STANDS NOW!

Find your next investment with exclusive real estate opportunities, insider insights and expert tips designed for the savvy investor PICK UP A COPY TODAY OR READ ONLINE AT

canadianpropertyinvestor.com

Read the digital issue on

34

Available at these locations: • YP NextHome street boxes

• Airport lounges • Transportation hubs

• Newspaper insertions

• Selected retail racks

• Select hotels

• Direct mail

s,

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

3 MONTROSE ESTATES

BY CHRISTENSON COMMUNITIES

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 interconnected walkways

For more information call (780) 929-8782 or visit www.town.beaumont.ab.ca

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 35

Downtown Edmonton lvd .

Leduc

48 St.

50 Ave.

50 St.

Grant MacEwan Blvd.

High way 2

rt B Bridgepo

Telford Lake

Black Gold Dr. Black Gold Dr.

Dr. Park South

St. 50

1

Hig hw ay

Rollyview Rd. 2A

Dr. Southfork 3 2

Simpkins Wynd

MAP LISTINGS

1 WINDROSE

3 SOUTHFORK

BY LANDMARK COMMUNITIES

BY JAYMAN MODUS

61 Windrose Drive

319 Southfork Dr

2 THE RUSHES OF SOUTHFORK

BY HUNTER RESIDENTIAL DEVELOPMENTS

401 Southfork Drive

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 39,000 and growing “Small city” living within minutes of “Big city” amenities

SCHOOLS 7 Elementary, 2 Junior & 2 Senior High - Public, Private & Separate school systems

LOCATED 20 kilometers south of Edmonton on Hwy. 2

GROCERY Variety of shopping

RECREATIONAL FACILITIES Black Gold Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library

For more information contact The City of Leduc (780) 980-7177

SEARCH ONLINE ypnexthome.ca

Affordability

THE

ADVANTAGE!

by HUNTER RESIDENTIAL DEVELOPMENTS

2 bedroom, 2.5 bathroom townhomes with attached garage from $264,900!

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

36

YPNEXTHOME.CA

MEDICAL FACILITIES Full Service Community Hospital and Full Ambulance service PARKS & PATHWAYS 27 parks including Telford Lake, Fred John’s Park & Lions campground

South East Edmonton North Saskatchewan River

106 Ave.

101 Ave.

BASELINE RD.

98 Ave.

90 Ave.

ood Park Fwy. Sherw

17 St.

d. rR pe Ro

86 St.

63 Ave.

75 St.

.

Rd yll Arg

50 St.

99 St.

76 Ave.

34 St.

83 St.

Whyte - 82 Ave.

Whitemud Fwy.

51 Ave.

38 Av e.

39 Ave.

8

43 Ave.

30 St.

4

5

Calgary Trail North QE II

91 St.

Millwoods Rd.

34 Ave.

Parsons Rd.

3

1

91 St.

66 St.

1

9 6 10

2

41 Ave.

STONEHAVEN CONDOS

5

812 Welsh Dr. 6

ARA 4008 Savaryn Dr. SW WALKER LAKE LANDING

7

BY CARLISLE DEVELOPMENTS

Corner of Welsh Dr. & Watt Blvd SE 4

LAUREL LANDING

BY LANDMARK HOMES

2215 – 24 St NW

LARKSPUR LANDING

SOUTHERN SPRINGS

BY PARK HOMES

2845 - 43 Ave NW

655 Watt Blvd.

AURORA

ELEMENTS AT WILLOWHAVEN

BY CARRINGTON COMMUNITIES 5521- 7 Avenue SW

8

9

BY ROHIT COMMUNITIES

BY MELCOR HOMES 1090 & 1092 Watt Promenade SW

BY CARRINGTON COMMUNITIES

3

Ellerslie Rd.

7

BY LANDMARK HOMES

2

50 St.

Anthony Henday Dr. 216

101 St.

MAP LISTINGS

11 23 Ave.

10

THE VILLAGE AT WALKER LAKES

BY LANDMARK HOMES 804 Walsh Drive SW.

11

ALTIUS TAMARACK

BY STREETSIDE DEVELOPMENTS 1530 Tamarack Blvd.

ASPEN MEADOWS

BY LANDMARK HOMES

43A Ave. & 23 St.

SEARCH ONLINE ypnexthome.ca

Building Dreams Come True for Over 40 Years

LIVE FREE ‘TIL OUR NEXT ELECTION! *For disclaimer, please see our ad between pages 18 and 19

Carrington Communities

Offering Real Value to Edmontonians

Ask how you can get Carrington to pay your mortgage for up to 26 months!*

SOUTHEAST EDMONTON

4008 Savaryn Drive SW – 780.761.3144 www.aracondos.com STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 37

Advice | CHBA ALBERTA

Low interest rates a bonus for homebuyers

By Donna Moore

MORE ADVICE ONLINE ypnexthome.ca/news/advice

LOW INTEREST RATES continue to provide a big incentive to Edmonton home buyers.

Major financial institutions are offering five-year mortgages with fixed rates at less than three per cent.

Variable rates are even lower. That looks like a bargain compared to times when rates on the same term topped 15 per cent.

Despite regular rumblings in the media through 2016 about how higher interest rates could be just around the corner, the Bank of Canada never budged. Most analysts don’t see major changes coming in 2017 and rates will remain low compared to historic standards.

This gives homebuyers an enormous opportunity to pay down debt and build their own net worth at a pace that would make previous generations envious.

Mortgage rates are an especially important consideration for first-time homebuyers because debt levels are at their highest immediately after the purchase.

Locking in low rates also takes a lot of the guesswork out of a budget because a major portion of the monthly expenses is set for a significant time period.

Low interest rates are one factor helping to sustain Edmonton’s resilient housing market, even with lower oil prices.

38

YPNEXTHOME.CA

Each of the new homes being built and bought today, represents an investment decision by an Edmonton family that looked at their own financial prospects and opportunities in today’s less heated housing market.

The advantages of new homes have also never been clearer. Carbon taxes that took effect on Jan. 1 will raise energy costs for all energy consumers – and that includes higher costs for homeowners.

Each generation of homes is more energy-efficient than the last, thanks to building codes that continually raise standards. Besides lowering greenhouse gas emissions and fighting climate change, the energy efficiency of new homes will pay off for years to come through lower bills for natural gas and electricity.

To learn more about the advantages of new homes, check out the consumer resources on the CHBA – Edmonton Region website. It’s also where you can find CHBA members with the experience and expertise to guide you through your purchase.

The Canadian Home Builders’ Association – Alberta represents more than 1,600 business members including new home builders, renovators, developers, trade and supply companies, and professional services.

South West Edmonton

104 St.

51 Ave.

34 Ave.

Rabbit Hill Road

2

14 13

Ellerslie Road

17

26 23 8

25

127 St.

141 St.

21

16

22

7 4

Anthony Henday Dr. Ellerslie Rd.

3

30 Ave.

9

6

50 St.

2 2910

23 Ave.

Blackburne Drive

91 St.

MacEw an Road

Parsons Rd.

24

9 Ave.

20

101 St.

15

19 Ave.

Saddleback Rd.

Dr.

James Mowatt Tr.

Ha dd ow

14

91 St.

23 Ave.

18 28 11

66 St.

119 St.

40 Ave.

SOUTH

WHITEMUD DR.

1

Calgary Trail North QE II

Lansdowne Dr.

105 St.

27

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 LUX CONDOS

7 CANVAS TOWNHOUSES

BY BROOKFIELD RESIDENTIAL

4470 Prowse Rd SW 8 JAYMAN MODUS 3837 Powell Wynd SW 9 ELAN

BY CARRINGTON COMMUNITIES

1144 Adamson Dr SW 1306C Windermere Way 10 ELEMENTS AT WINDERMERE 3 VISTAS AT

BY CARRINGTON COMMUNITIES CALLAGHAN NORTH 340 Windermere Rd.

BY Z2

BY ROHIT COMMUNITIES

2632 Bowen Way SW 4 ATRIA

BY PARK HOMES

2803 James Mowatt Trail 5 ALLURE

BY CARRINGTON COMMUNITIES

4042 MacTaggart Dr 6 ALLARD TOWNHOMES

11 GROVE ON 25TH TOWNHOUSES IN THE ORCHARDS

BY BROOKFIELD RESIDENTIAL

3305 Orchards Link SW 12 CREEKWOOD LANDING

BY CARLISLE GROUP

11804 - 22 Ave SW 13 E’SCAPES

BY ROHIT COMMUNITIES

675 Allard Blvd SW

BY CARRINGTON COMMUNITIES

14 CROSSROADS OF RUTHERFORD

BY STREETSIDE DEVELOPMENTS

1816 & 1820 Rutherford Dr 15 THE SIGNATURE

BY WESTRICH PACIFIC

5151 Windermere Boulevard 16 GLENRIDDING HEIGHTS TOWNHOMES

BY ROHIT COMMUNITIES

16003 10 Avenue SW (located off 170 and south of Ellerslie rd) 17 ALTIUS GRAYDON HILL

BY STREETSIDE DEVELOPMENTS

1005 Graydon Hill 18 THE SANDS

BY BROOKFIELD RESIDENTIAL

4050 Savaryn Dr

19 BEARSPAW CROSSING

25 LINK CONDOS AT ELLERSLIE

BY LANDMARK HOMES

1508 – 105 St. NW 20 SOUTH TERWILLEGAR

BY PARK HOMES

4105 - 7323 South Terwillegar Dr. 21 LANGDALE TOWNHOMES

BY ROHIT COMMUNITIES

704 176 Street SW 22 PIVOT RUTHERFORD

BY AVERTON HOMES

Ellerslie Rd & 119 St 23 CREEKWOOD CHAPELLE

BY AVERTON HOMES

28 Ave & 141 St 24 TRIUMPH AMBLESIDE

BY REGENCY DEVELOPMENTS

11189 Ellerslie Road 26 VISTA POINTE IN CHAPPELE GARDENS

BY BROOKFIELD RESIDENTIAL

2905 141 St SW 27 RIVERS EDGE

BY CHRISTENSON GROUP

3090 Cameron Hieghts Way 28 THE VILLAGE AT SUMMERSIDE

BY PELHAM

4203 Savaryn Dr SW 29 BRIGHTON 4835 Wright Dr SW

BY STREETSIDE DEVELOPMENTS

1115 Armour Link SW

11080 Ellerslie Road

Building Dreams Come True for Over 40 Years

LIVE FREE ‘TIL OUR NEXT ELECTION! *For disclaimer, please see our ad between pages 18 and 19

Carrington Communities

Offering Real Value to Edmontonians

Ask how you can get Carrington to pay your mortgage for up to 26 months!*

SOUTHWEST EDMONTON

11074 Ellerslie road SW – 780.756.2230 www.escapescondos.com STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 39 2 color CMYK: 2955PC + 550PC

STILL WAITING FOR THE BOTTOM?

? s l a n g i s e h t s s i m u o y Did GO GO HOW OW MA MANY NY SIGNALS DO YOU NEED?

GO

• CMHC STRESS TEST • INCREASING MORTGAGE RATES • TALK OF INCREASING MINIMUM DOWN PAYMENTS •

$60 $50 $30

BUY NOW

BUY NOW

BUY NOW

NOW

OIL

ATE T S E AL E R

2 BEDROOMS • 2 BATHROOMS UNDERGROUND PARKING INCLUDED FROM

BUY

GO

$180’s

WITH PAYMENTS FROM

$242

BI-WEEKLY*

CLOSE OUT SALE!!

SAVE THOUSANDS NOW SELLING IN 6 LOCATIONS IN EDMONTON & AREA VITA ESTATES - NW MACTAGGART RIDGE GATE - NW CREEKWOOD LANDING I & II - SW AURORA GREENS - SW HERITAGE VALLEY STATION I & II - SW ERIN RIDGE GATE - ST. ALBERT Visit our website for all locations

FOR MORE INFORMATION & SHOWSUITE LOCATIONS VISIT:

CarlisleGroup.ca OWNED A

O

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

D

780.438.6693

REGISTER FOR OUR SUITE OF THE WEEK ARTIST’S RENDERINGS ONLY

?

K

Spruce Grove Har

v 2 Ridg est e

Jennifer Heil Way

Dr

MAP LISTINGS

Vanderbilt Common

r ve D Gro est W

1

Grove Dr. 4 3

1 SILVERLEAF AT JUBILEE PARK 500 Grove Dr 2 EDGEWATER VILLAS

BY LANG BUILT HOMES

Just off of Harvest Ridge Dr 3 ALTIUS MCLAUGHLIN

BY STREETSIDE DEVELOPMENTS

50 McLaughlin Drive 4 HERITAGE CREEK

BY THE CHRISTENSON GROUP

50 Heatherglen Drive

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 41

Advice | NEWS AND VIEWS

When housing markets heat up, cooler heads prevail

By Lydia McNutt

MORE ADVICE ONLINE ypnexthome.ca/news/advice

STATISTICS CANADA HAS RELEASED

the first installment of data gathered in the 2016 Census, with this initial snapshot offering insight on Canada’s population and dwelling counts. What have we learned?

Canada is growing – particularly its western provinces.

Back in 1871, when the first census was recorded, there were 3.5 million people living in Canada. By the time Canada celebrated its 100th birthday, the population had grown to 20 million. In 2016, we surpassed 35 million people – up five per cent from the last count in 2011, and 10 times greater than the first tally postConfederation.

This is the fastest rate of population growth among the G7 countries, according to Statistics Canada.

Edmonton alone saw its population swell a whopping 14.8 per cent between 2011 and 2016 – and it’s not just Edmonton that’s growing, but surrounding areas as well.

Reflective of Canada’s population growth, there are now more big cities too – 35 census metropolitan areas counted in 2016 (with a population of at least 100,000), versus 33 in 2011.

Among the newest members of the “big city” club is Lethbridge, Alta.

42

YPNEXTHOME.CA

Even Canada’s small towns are getting bigger, with eight new Census Agglomerations (CAs) counted in 2016 versus 2011, boasting a core population of 10,000 people or more.

While Edmonton may not be seeing the flurry of housing activity that’s become commonplace in Vancouver and Toronto, the Realtors Association of Edmonton reported a 19-per-cent jump in sales in January 2017 versus 2016, perhaps signalling a revival of consumer confidence in the housing market.

If you’re planning to buy a home, here are three bits of sound advice that always apply, regardless of what is happening in the housing market: 1. Set your budget and perhaps more importantly, stick to it! Multiple offers may be rolling in on your dream home, but don’t let yourself become a bidding war casualty. A home is only worth so much. It’s up to you to decide what that magic number is.

2. Work with the pros. Your real estate agent, financial advisor/lender and lawyer are your holy trinity – all key resources in the home-buying process.

Their job, aside from collecting their fee, is to help you keep your emotions

in check and make a purchasing decision based on facts and figures, not emotions.

3. Know when to quit. Just because a competing bid comes in way over asking (as is commonly the case in overheated housing markets like Toronto’s and Vancouver’s), that doesn’t mean the home is actually worth that much – and it definitely doesn’t mean you’ll get that return on resale, if that’s what you’re banking on.

Make a smart bid that reflects what the home is actually worth.

Compare the property you’re considering buying to others that sold in the same area. Your realtor has access to the Multiple Listing Service (MLS), allowing you details on sales volumes, average price and days on market, both by housing type and neighbourhood, allowing you to make a fair offer that you can live with.

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

Lydia’s love of architecture, interior design and the written word have landed her happily at YP NextHome, where real estate rules! Email comments and ideas to Lydia.McNutt@ypnexthome.ca, and follow Lydia on Twitter @LydiasTweets

What’s Online

Trending now The latest real estate news from across Canada

Small but sweet: The 2017 homebuyer’s mantra

Six ways to reduce your mortgage costs

READ THE STORY ONLINE nexthome.yp.ca/small-but-sweet

READ THE STORY ONLINE nexthome.yp.ca/reduce-mortgage-costs

Tips for living alone READ THE STORY ONLINE nexthome.yp.ca/household-of-one

Top 10 condo upgrade options that pay off

Want more great articles like these delivered directly to your inbox?

SIGN UP FOR OUR NEWSLETTER

READ THE STORY ONLINE nexthome.yp.ca/condo-upgrades

Twitter @ypnexthome

Facebook ypnexthome

nexthome.yp.ca/newsletter

Instagram ypnexthome

Pinterest ypnexthome

Visit our website: FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 43

Advice | MORTGAGE ADVICE

4 ways to save your down payment faster

By Alyssa Furtado

MORE ADVICE ONLINE ypnexthome.ca/news/advice

Trying to save for a down payment on a home can be a difficult task. To speed things up, here are some tips to make saving easier.

Set a savings goal When you decide to set a savings goal, it’s best to have an exact number in mind. You don’t want to start your home-buying journey with an inaccurate estimate of how much you’ll need.

Once you have an idea of what the prices are for homes in your target area, you’ll have a much clearer picture of how much you’ll need to save. A mortgage affordability calculator will show you the maximum purchase price you can qualify for. When you know that amount, you can determine how much you’ll need to save each year, month or week.

Find other sources for your down payment If the savings goal seems difficult to reach, there are likely other sources you can tap to reach your target faster. Lump-sum contributions can come from a range of sources, like: » Income tax refunds » An RRSP (be sure to take advantage of the Home Buyers’ Plan) » Selling assets (such as a car) » Parents or family members Next, look at other ways to save.

Examine your monthly spending and see where you can cut back. If 44

YPNEXTHOME.CA

you have an aggressive savings goal, you may need to cut expenses by a large amount. Canceling your TV subscription, moving to a cheaper rental, or giving up a second car can lead to significant savings.

Keep track of your progress When you want to check how close you are to your savings goal, it helps to monitor your progress. You can do this in a spreadsheet and update it each time you make a contribution.

It’s also helpful to create projections and see whether you’re on track. As you see how much closer you are to your goal, it can be quite motivating.

You can create your own savings spreadsheet or choose from a number that are available online. If it’s not perfect, you can always make some changes and customize it to suit your needs. To motivate yourself, consider giving yourself a reward if you can reach your monthly or quarterly savings goals.

Reaffirm your motivation Motivation is key to any savings goal.

But staying motivated can sometimes be difficult if you’re trying to save

more than the minimum five per cent down payment in a short time.

For example, if you don’t want to pay mortgage insurance, you’ll need to save 20 per cent of the purchase price. This is a significant amount of money, but it’ll save you a lot of money because your interest costs will be even lower in the long run.

Make sure to get the best mortgage rate to save even more money.

Knowing that a larger down payment can reduce the amount required for monthly mortgage payments is often enough to motivate some homebuyers to save more for a down payment.

The bottom line Saving for a down payment can be daunting, but it shouldn’t take decades to save. If you use these tips, you’ll be able to cut down the amount of time you need to save and become a homeowner sooner.

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

231 St.

West Edmonton Yellowhead Trail

124 St.

87 Ave.

WHITEMUD FWY.

QUESNELL BRIDGE

69 Ave. 199 St.

4 6

GROAT BRIDGE

142 St.

149 St.

163 St.

2

159 St.

175 St.

8 1

170 St.

95 Ave. 182 St.

Rosenthal Blvd.

102 Ave.

Stony Plain Rd. 100 Ave. 156 St.

178 St.

ANTHONY HENDAY

3

Stony Plain Rd.

107 Ave.

a en d.

Bu ta R Vis

Winterburn Road (215 St.)

Secord 12 Blvd.

5 10

Ma yfie ld

Rd .

111 Ave.

Callingwood Rd.

9 35 Ave

MAP LISTINGS

North Saskatchewan River

11

1 THE CALIFORNIAN PARKLAND

5 JADE

BY CARRINGTON COMMUNITIES

1004 Rosenthal Blvd

BY ABBEY LANE HOMES

2035 Grantham Court 2 GROVENOR MANOR

BY PELHAM MASTER BUILDER

10126 – 144 Street 3 SECORD CORNERS

9

RIVERS EDGE

BY CHRISTENSON GROUP

3090 Cameron Heights Way

6 GLASTONBURY MEWS & ESTATES 1589 Glastonbury Blvd

10 RENEW IN ROSENTHAL

8 VIP AT CALIFORNIAN PARKLAND

11 HAVEN TOWNHOMES

BY FOOTPRINT DEVELOPMENTS

BY ABBEY LANE HOMES

9535 - 217 Street

2035 Granthan Court

4 STAFFORD GREENS

BY DAYTONA

1 &2 8209-217 Street NW

BY BROOKFIELD RESIDENTIAL

7385 Edgemont Way 12 SECORD CHALET

BY HOPEWELL

#5, 320 Secord Blvd

BY STAFFORD GREENS LTD

62 Ave & Getty Gate

SEARCH ONLINE ypnexthome.ca

Building Dreams Come True for Over 40 Years

LIVE FREE ‘TIL OUR NEXT ELECTION! *For disclaimer, please see our ad between pages 18 and 19

Carrington Communities

Offering Real Value to Edmontonians

Ask how you can get Carrington to pay your mortgage for up to 26 months!*

WEST EDMONTON

1004 Rosenthal Blvd – 780.426.1686 www.jadecondoliving.com STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 45

Buyers’ Resources | MORTGAGE RATES

Compare mortgage rates for your best deal CHARTERED BANKS

variable

6 months

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.3500

4.1000

3.0400

2.3900

2.6400

2.6900

2.8400

Alterna Bank

2.6000

4.0000

2.7900

2.7400

2.5900

2.8400

2.8400

Alterna Savings

2.6000

4.0000

2.7900

2.7400

2.5900

2.8400

2.8400

Bank of Montreal

2.8500

4.2000

3.0900

3.1900

3.5900

4.0900

4.8400

Bank of Nova Scotia

2.7000

4.5500

3.2900

3.0900

3.3900

3.8900

4.4900

CIBC Mortgages

2.7000

3.1400

2.8400

2.7900

3.3900

4.0900

4.7900

Caisses Desjardins

2.7000

4.4000

3.1400

3.2400

3.3900

3.8900

4.7400

Canadian Western Bank

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Canadian Western Trust

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Comtech Credit Union

-

6.2000

2.8400

2.8900

2.9500

2.9900

2.8900

DUCA Financial Services

2.5000

-

3.0400

2.9400

2.9400

3.1400

2.7400

Effort Trust

-

4.4500

3.3500

3.5000

3.7000

4.3000

4.3500

Equitable Bank

-

-

3.1400

3.0400

3.6500

4.3900

4.6400

First Calgary Financial

-

4.0000

2.8900

2.8900

2.6400

2.7900

2.9400

First National Financial

2.3500

3.1000

2.6400

2.6400

2.6400

2.8400

2.9400 2.8900

FirstOntario Credit Un.

2.7000

4.3400

2.7900

2.4900

2.6400

2.7900

HSBC Bank Canada

2.8000

4.4500

3.1400

3.1400

3.3900

4.0900

4.6400

Home Trust Company-Agent

2.5000

3.9500

2.6900

2.1400

2.3400

2.5900

2.6900

ICICI Bank Canada

3.0500

-

2.6400

2.6400

2.6400

3.1900

3.2900

Investors Group Trust

2.8500

4.2000

3.1400

3.0900

3.3900

3.8900

4.6400 3.2900

Kindred Credit Union

2.7000

-

3.3500

3.3500

3.4000

3.4000

Laurentian Bank Canada

2.7000

4.4000

2.8900

3.0400

3.3900

3.8900

4.7400

League Svgs & Mortgage

-

4.4500

2.9900

2.5900

2.7400

2.7400

2.9400

Libro Credit Union

-

3.7500

2.7000

2.7500

2.8000

2.8500

2.8900

London Life

2.8500

4.2000

3.1400

3.0900

3.3900

3.8900

4.6400

Manulife Bank

2.7000

4.4500

3.0000

2.9400

2.8400

2.9400

2.9900

Manulife Trust

-

4.4500

3.0000

2.9400

2.8400

2.9400

2.9900

Meridian Credit Union

2.4000

4.0000

2.8400

2.7900

3.3900

3.8900

2.6400

National Bank

2.7000

4.4000

3.1400

3.0400

3.3900

3.8900

4.7400

PACE Savings & Credit Un

-

5.0000

3.1400

3.0400

3.6500

4.3900

4.6400

Parama Credit Union

2.6500

-

2.8000

2.8500

2.9500

3.0500

3.1500

Peace Hills Trust

-

4.5000

3.1500

3.5000

3.7500

3.8500

3.9500

President’s Choice Fin’l

2.7000

6.1900

3.1400

2.7900

3.3400

3.9900

4.4400

Rapport Credit Union

2.8500

6.0000

3.0900

3.0400

3.5000

3.0400

2.9900

Royal Bank of Canada

2.7000

3.1400

3.1400

3.0400

3.6500

4.3900

4.6400

Steinbach Credit Union

-

-

2.3900

2.3900

2.4900

2.5900

2.6900

T-D Mortgage

2.8500

3.1400

3.0400

2.8400

3.4400

3.8900

4.6400

Tangerine

2.7000

-

3.1900

3.2400

3.4900

3.6900

3.7900

WFCU Credit Union

-

4.4500

3.0000

3.0400

3.6500

4.3900

4.6400

Your Neighbourhood C.U.

-

-

2.7990

2.8900

3.0900

3.1500

2.9400

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator PREPARED BY CANNEX ON FEBRUARY 15, 2017 This information is current as of the date and time posted and is subject to change without notice. © Copyright 2016 CANNEX Financial Exchanges Limited. All rights reserved.

46

YPNEXTHOME.CA

South Central Edmonton North Saskatchewan River

84 St.

71 St.

75 St.

Co

n 7 nors 2 Rd.

90 Ave. 83 St.

103 St.

104 St.

1

95 Ave.

85 St.

6 r.

92 St.

105 ST BRIDGE

D wan tche a k s Sa

5 8

101 Ave. 98 Ave.

Scona Rd.

Sas kat che wa nD r.

87 Ave.

FOOT BRIDGE

JAMES McDONALD BRIDGE

99 St.

109 ST BRIDGE

114 St.

Groat Rd .

GROAT BRIDGE

79 St.

106 Ave.

DAWSON BRIDGE LOW LEVEL BRIDGE

CAPILANO BRIDGE

Whyte - 82 Ave.3 77 Ave. 76 Ave.

9

4 51 Ave.

MAP LISTINGS

1 THE ARBOR AT AVENUE 83 10002-83 Avenue 2 Le Quartier Condos

BY INFINITI DEVELOPMENTS

8627-91 St 3 STUDIO OFF WHYTE

4 THE UNIVERSITY BROWNSTONES

BY TESSCO

108 St. & 71 Ave. 5 LUMIERE

BY INFINITI DEVELOPMENTS

10836-85 Ave.

7 CASCADE LUXURY CONDOS

BY PK DEVELOPMENTS

9008 - 85 Ave 8 WILLIAM OFF WHYTE

BY GREENVIEW DEVELOPMENTS

83rd Ave. and 109th St.

BY I4 PROPERTY GROUP

6 STUDIO ON THE HILL

9 ELEMENTS URBAN VILLAGE

104th St & 81st Ave

BY I4 PROPERTY GROUP

BY CARRINGTON COMMUNITIES

9859 – 90th Ave

7711 – 71 Street NW

SEARCH ONLINE ypnexthome.ca

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 47

Advice | DESIGNER ADVICE

7 LUXE LOOKS that won’t break the bank

By Yanic Simard

WANT TO ELEVATE your condo look

without having to spend a week living in a hotel — or in a construction zone? I’ve put together some of my top tips for giving your home a major boost without tearing open the walls, for a big decor upgrade at any time.

Area rugs » Don’t want to commit to wallpaper? This is where a large area rug comes in to add that sense of richness and texture in a big way.

Even if you have beautiful hardwood floors, a large rug adds a layer of new texture (and optionally, a pop of colour) while defining a seating or dining area, with a softness that adds 48

YPNEXTHOME.CA

a sense of “home.” When it’s time for change, roll up the rug and place it in a new space, or resell it as vintage. » Size your rug to tuck fully under the furniture. For the biggest impact, run a custom sized rug from wall to wall, leaving a 12- to 18-inch border of exposed floor. A custom cut, plain, solid colour carpet can achieve this look without breaking the budget.

MORE ADVICE ONLINE ypnexthome.ca/news/advice

oversized gallery frames. » Using a grid of 10, 20-by-20-inch frames, you can fill an area over three ft. tall and eight inches wide – perfect for livening up a wall in the sitting area or a hallway.

Wallpaper murals » Another way to add the look of wallpaper without the labour is to use a single roll of paper and hang it poster style across one accent wall (for the casual sophistication of a Paris apartment), or cut it to fill

Layered lighting » No amount of pot lights can provide enough even lighting to unlock your space’s full potential.

Plug-in sconces with beautiful cords are perfect for flanking a sofa or

cabinet, and will help balance to a heavy furniture piece with some extra light. » Try a long swing-arm sconce to add light over hard-to-reach places, like on a compact desk or over a favourite reading chair.

Headboards » Upgrading to an oversized, upholstered headboard can really fill in the look of a bedroom, especially if you choose an extra-tall style to give some play of height. Many companies supply standalone headboards that can be attached to any bed, so you can make this upgrade without changing your existing frame and mattress. » Choose an oatmeal beige to subtly contrast white walls, or use a royal blue for a restful pop of colour (and leave the sheets clean and white).

Regal mouldings » Whenever possible, now I usually install extra deep baseboards (eight inches plus) in homes to give a highend European look. You can upgrade just your baseboards to give your walls a new look, or for an even easier solution, simply add an extra strip of moulding above the top of your baseboards to stretch the existing boards a little taller. » Consider crown moulding in places like ceiling coves or windowless bathrooms. It finishes the ceiling in a stately way that lends a sense of history.

Mixed and match » Matching furniture can be pleasant, but can lack personality.

Mixing materials and textures lends a sense of energy, so try contrasting opposites like wood versus sleek mirror, or stainless steel against

antiqued bronze. This applies to fabrics too, like leather and wool. » A sofa with two chairs is a classic seating configuration, but there’s no rule that says the chairs have to be the same. Try a low lounger for when you feel like sinking in, and a more formal upright seat for reading or conversation.

Blending periods and silhouettes will give your home a little edge.

Flowers » A vase of fresh flowers isn’t only for magazine shoots. A few blossoms can add life to your space. One of my favourite clients would keep vivid carnation blossoms in bud vases and this simple touch gave a sense of care to her entire home. » Blooms in the bathroom are extraunexpected. Add a live tropical orchid to your vanity or perched on a stool next to the shower/tub.

Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning interior design firm TIDG (tidg.ca), and regular guest expert on City’s Cityline.

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 49

Advice | FUNDAMENTALLY SPEAKING

3 reasons Americans won’t be scooping up Canadian homes

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

NOW THAT DONALD TRUMP has been sworn in as president of the United States, should we prepare for an onslaught of Americans moving to Canada and buying up our homes?

Don’t bank on it.

The “possibility” was well publicized leading up to the election last November, with search terms such as “How to move to Canada” and “How to become a Canadian citizen” skyrocketing on Google.

Then, on the morning of the Jan. 20 inauguration, Royal LePage Canada issued a press release titled U.S. Interest in Canadian Real Estate Surges Following U.S. Presidential Election.

“American web traffic on royallepage.ca, has been highly correlated to recent U.S. political events. U.S.-originated sessions surged 329 per cent the day following the election and climbed 210.1 per cent year-over-year the week after Donald Trump’s victory,” the release said.

We can’t blame Royal LePage for publicizing the web search trend. It’s the company’s job, after all, to sell homes.

But it’s a bit of a stretch that Canadians should batten down the hatches and prepare for an onslaught of Americans offering wheelbarrows full of U.S. greenbacks for their Canadian homes.

Here’s why: 50

YPNEXTHOME.CA

IMMIGRATION LAWS “We have express entry, and each province has numerous programs,” Robin Seligman, specialist in Canadian immigration law, told YP NextHome.

“As well, we have options for work permits if the person has an employer in Canada, or under NAFTA if they are on the professional list.

deductions and credits.

“Owning a home for personal use, versus investing in a rental property, from a tax perspective, is easier to deal with. There are still issues such as changes to the principal residence exemption rules that came about last fall.”

“We also have the labour market impact stream, so employers in many cases must first try to hire a Canadian or permanent resident for the job,” she says. “However, there are many exemptions, including intra-company transfers and NAFTA exemptions.”

MORTGAGE REGULATIONS “Foreign buyers – including Americans – will have a more difficult time qualifying for a mortgage than Canadians,” says James Laird, cofounder of RateHub and president of CanWise brokerage. “The down payment requirement is higher, and there are additional challenges around proving income.”

TAX ISSUES “For U.S., citizens, they will need to deal with various U.S. tax issues as a result of their U.S. citizenship,” says George Dube, a partner at BDO Canada LLP, Waterloo, Ont. “And, they will need to abide by different tax regulations while considered a non-resident of Canada versus as a resident, such as withholding taxes, filing requirements, eligibility for

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl

Downtown Edmonton 118 Ave. 112 Ave.

10

7

Jasper Ave. 100 Ave.

106 St.

Victoria Park Rd. Rive r Va lley Rd

3 97 Ave.

.

d.

dR

n wla Ro

St. 92

102 Ave.

8

9 2 1 6 5

100 St.

104 Ave.

yA ve .

KINNARD RAVINE

82 St.

wa

105 St.

116 St.

109 St.

127 St.

142 St.

144 St.

4 13 107 Ave.

11

gs

t.

95 S

12

104 Ave.

Kin

.

97 St

124 St.

111 Ave.

101 St.

111 Ave.

LOW LEVEL BRIDGE JAMES McDONALD BRIDGE

DAWSON BRIDGE

Bellamy Hill HIGH LEVEL BRIDGE 105 ST BRIDGE

MAP LISTINGS

1 THE ULTIMA

North Saskatchewan River

6 ENCORE

BY WESTRICH PACIFIC

BY WESTRICH PACIFIC

10244 - 103rd Street

103 St. & 102 Ave.

2 THE FOX

7 JASPER HOUSE

BY LANGHAM DEVELOPMENTS

BY LAMB DEVELOPMENT CORP

104 Street & 102 Avenue

Jasper Ave. & 106 Street

3 SYMPHONY

8 GROVENOR MANOR

BY ROCKWOOD PROPERTY MANAGEMENT

BY PELHAM MASTER BUILDER

10126 – 144 Street

9704 - 106 St.

9 THE LEGENDS

4 VIBE

BY WAM

BY CARRINGTON COMMUNITIES

10604 116 Street

11 121 WEST CONDOS AT HIGHSTREET DISTRICT

BY REGENCY DEVELOPMENTS

121 Street & 105 Avenue 12 WEST BLOCK

BY BEAVERBROOK IN HOUSE DEV

Corner of 142 St & Stony Plain Road 13 THE VERMILLION

BY REDLEAF PROPERTIES

10611 – 116 Street

104 Ave. & 102 St. 10 PEARL

5 ICON

BY REGENCY DEVELOPMENTS

BY LANGHAM DEVELOPMENTS

Jasper Ave., North of 104 St.

Jasper Avenue & 119 Street.

SEARCH ONLINE ypnexthome.ca

Building Dreams Come True for Over 40 Years

Carrington Communities

NO LIES!

Please see our ad between pages 18 and 19

Offering Real Value to Edmontonians

Carrington will pay for your mortgage until our next election!

We’re good on our word.

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

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 51

Own a luxurious condo on Edmonton’s most desirable downtown street Live in downtown Edmonton’s best location

Fox Two sits on the corner of 102 Avenue and the 104 Street Promenade. This eclectic street was once the heart of Edmonton’s warehouse district and is now a friendly urban neighbourhood populated with a unique mix of residential condos, independent shops and first-rate restaurants. A variety of entrepreneurial businesses and professional offices also call this street home—there is even a local Farmers’ Market held every Saturday throughout the summer months.

Invest in the future of Edmonton

Whether your focus is investment, education, entertainment or lifestyle, Fox Two is ideally situated to take advantage of the very best Edmonton has to offer.

Many of Edmonton’s secondary education facilities are either within walking distance: Grant MacEwan University, the University of Alberta City Centre Campus, or a sevenminute LRT ride away: the University of Alberta Main Campus and NAIT.

52

YPNEXTHOME.CA

Summer 2017 occupancy A short walk to the east you’ll find Edmonton’s bustling financial district, city centre shopping and YMCA fitness centre. Directly north is Rogers Place—Edmonton’s brand-new, state-of-the-art sports and entertainment venue—which includes the surrounding Ice District with five-star hotels, world-class dining and multi-plex cinema.

The building’s fluid articulation and elegant contours ensure its longevity and timeless beauty. A breathtaking glass curtain wall and large windows offer sweeping city views, while efficient, well-designed suites maximize living space and promise stylish functionality.

The ultimate urban lifestyle

• Spacious 2- and 3-bedroom units still available on various floors

Edmonton transit is easily accessed from Fox Two, with several bus stops and two major LRT stations on 104 Street—offering fast access to destinations like West Edmonton Mall, Southgate Mall and Commonwealth Stadium—even the international airport is easily reached via Edmonton’s transit system.

Nature too is right outside your door with Edmonton’s unique river valley—the largest urban park in Canada— bordering the downtown core to the south. Enjoy over 18,000 hectares of hiking and biking paths meandering along the beautiful Saskatchewan River, try boating or fishing, even play a round of golf at Victoria Golf Course—all within minutes of Fox Two.

Unparalleled architectural excellence

A project of superior design and quality, Fox Two is the taller of the Fox Towers project at 33 storeys and is your last opportunity to own a brand-new, upscale condo on Edmonton’s best downtown street.

• Summer 2017 occupancy

• Well-appointed units with superior-quality finishes including quartz countertops, high gloss cabinetry, top-grade flooring and stainless steel appliances all come standard • All remaining suites have air conditioning and at least 1 private balcony • At least 1 heated and secured parking stall included in purchase price • Three high-speed elevators

Another project by Langham Developments Ltd.

Since 2001, Langham Developments has played the most significant role in rejuvenating Edmonton’s downtown core.

Listed among Edmonton’s most experienced and reputable high-rise builders, Langham Developments has completed 4 outstanding downtown high rises to date: The Omega, Icon Tower I, Icon Tower II, and the first phase of the Fox Towers project: Fox One.

The completed and fully occupied Fox One and neighbouring Fox Two currently under construction.

Visit our on-site Sales Centre located on 104 St. just north of 102 Ave.

www.foxtowers.ca | 780.425.0369

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 53

LIVE ON THE PARK

“

L

L

S

THE ONLY CONDOMINIUM BUILDING FRONTING THE NEW DOWNTOWN PARK ONE, TWO AND THREE BEDROOMS FROM $285,900 102 AVE NW

104 ST. NW

105 ST. NW

106 ST. NW

107 ST. NW

109 ST. NW

JASPER AVE NW

VISIT OUR PRESENTATION CENTRE + MODEL SUITE 10160 106 ST. NW (SOUTH OF 102 AVE. NW) MON - THURS. 2-7 PM / SAT + SUN. 1-5 PM

JASPERHOUSECONDOS.COM

780.441.5588

Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

e

COMING TO 103 ST. & 102 AVE. EXPECTED COMPLETION MID 2020

“A” plan bathroom

PRIME LOCATION ADJACENT TO THE ARENA DISTRICT, AND JUST STEPS AWAY FROM THE FINANCIAL DISTRICT, SHOPPING, & DINING

OUTSTANDING INTERIOR FINISHES, WITH FLOOR TO CEILING WINDOWS IN EVERY SUITE

Lobby

UNPARALLELED AMENITIES INCLUDING CONCIERGE SERVICE, SUN DECK WITH WADING POOL AND PRIVATE CABANAS, FITNESS ROOM, INDOOR LOUNGE WITH INDOOR/OUTDOOR FIREPLACE AND EXTENDED ENTERTAINMENT BAR

Lounge

Sundeck

2 BED - 812 S.F. from

$459,000

PENTHOUSES from

$799,000

Sales Centre located at 10609 104 AVENUE encore@westrichpacific.com

780.803.8777

The Vermillion

• Concrete & steel construction • 10 foot and 2 storey ceilings • Loft style, roof decks, balconies • Luxe 63 units with A/C • Underground parking

$20,000 OFF Prices!

Limited time offer.

Starts at $248,000 and up, plus GST

The Vermillion 10611 - 116 Street in Oliver/Downtown www.vermillioncondos.com

VISIT SALE CENTRE at 10351 - 92 St. (on Jasper Ave.), Edmonton 780.475.5999 Sandy Pon and Associates REMAX Excellence

Gary Chun Yuan Centry 21 Platinum Realty

780.710.7101

780.707.6909

Realtor Referrals welcome. Registration conditions apply.

SALE CENTRE IS NOW OPEN

For complete promotion details please contact sale associates or visit our show room centre. Terms and conditions apply. Some suites may be excluded. Promotion may end without notice. Cannot be combined with any other offers. E & OE.

Trending

AND THE FINALISTS ARE‌ 2017 AWARDS OF EXCELLENCE IN HOUSING Rookie of the Year - Single/Multi-Family Homes By Avi (Edmonton) LP. - Ashli Wright Pacesetter Homes - Gaurav Dev Pacesetter Homes - Tracy Dyck StreetSide Developments - Stacey Diederich StreetSide Developments - Cassandra Turnbull Sales Person/Team of the Year - Single Family Brookfield Residential - Bridgette Beaulieu Marcson Homes Master Builder - Tracey Lueck Pacesetter Homes - Sue Snyder Pacesetter Homes - David Edmiston Sterling Homes (Edmonton) Ltd - Erik Eisen Sales Person/Team of the Year - Multi-Family Brookfield Residential - Fady Sakkab Carrington Communities - Mick Rahall Homes By Avi (Edmonton) LP. - Christy Beisel Pacesetter Homes - Dan Gibson Rohit Communities - Paul Singh Sterling Homes (Edmonton) Ltd - Faye Boxrud General Member Sales Person / Builder Liason of the Year Divine Flooring - Carey Block Glenora Lumber & Buidling Supplies Ltd. - Peter Rudanec Igloo Building Supplies Group Ltd - Matt Kratzmann Kitchen Craft Cabinetry - Anna Marie - Petruk Igloo Building Supplies Group Ltd - Jason Maheden

Best Show Home Parade Brookfield Residential - Chappelle Gardens Brookfield Residential - The Orchards Brookfield Residential - Paisley Qualico Communities - Langdale in Windermere by Qualico Communities Walton Development and Management - Hawks Ridge at Big Lake Best New Community Beaverbrook - The Hills at Charlesworth Rohit Land Development - Timberidge at Edgemont The Bowra Group Inc. - WestPointe of Windermere Best Community Alldritt Land Corporation - Granville Brookfield Residential - Lake Summerside Brookfield Residential - The Orchards Brookfield Residential - Chappelle Gardens Canada Lands Company - Village at Griesbach Industry Leadership Award All Weather Windows Coventry Homes Inc. Homes By Avi (Edmonton) LP. Rohit Group of Companies Sterling Homes Edmonton (LTD) ‌continued on next page

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 57

Best Multi-Family Apartment Style under $250,000 Carrington Communities - Cadmium - Elements Manning Carrington Communities - Argon III - Elements Manning Landmark Group of Companies Inc. - Elgin - Stonehaven Landmark Group of Companies Inc. - Velas - Savida StreetSide Developments - Orion - Skyview Best Multi-Family Apartment Style $250,000 to $325,000 Carrington Communities - Lombard - Ara - Lake Summerside Carrington Communities - Abbey - Ara - Lake Summerside Christenson Group of Companies - Suite 111 - Eton Park Estates StreetSide Developments - Aurora - Skyview StreetSide Developments - Cambria - Rutherford Best Multi-Family Apartment Style over $325,000 Carrington Communities - Surrender III - Escapes South Edmonton Carrington Communities - Mulholland III - Valour - Village at Griesbach Christenson Group of Companies - Suite 108 - Eton Park Estates Regency Developments - Suite A3 - Boyle Street StreetSide Developments - Triton - Skyview

Best Multi-Family Townhouse/Duplex under $300,000 Dolce Vita Homes - Dante - ONE at Keswick Dolce Vita Homes - Veneto - ONE at Keswick Homes By Avi (Edmonton) LP. - Bentley - Southfork Sterling Homes (Edmonton) Ltd - Station - Heritage Valley Allard StreetSide Developments - Robson - McLaughlin Best Multi-Family Townhouse/Duplex $300,000 to $330,000 Bedrock Homes Limited - Birk - Maple Crest Brookfield Residential - Michelangelo - Chappelle Gardens Caliber Master Builder - Dara - Black Stone Homes By Avi (Edmonton) LP. - Victor - Creekwood Chappelle StreetSide Developments - Lombard - McLaughlin Best Multi-Family Townhouse/Duplex $330,000 to $375,000 Morrison Homes - The Parker - Walker Summit Pacesetter Homes - Affirmed - Southpointe Pacesetter Homes - Affirmed - Desrochers StreetSide Developments - Essex - Crystallina StreetSide Developments - Madison - CyBecker Best Multi-Family Townhouse/Duplex $375,000 to $450,000 Alldritt Homes Ltd. - Bexley - Granville Alldritt Homes Ltd. - Richmond - Granville Homes By Avi (Edmonton) LP. - Warner - Trumpeter Lincolnberg Master Builder - The Wateron II - Manning Village Sterling Homes (Edmonton) Ltd - Pellerin Sahara - Allard Best Executive over $450,000 Christenson Group of Companies - Sequoia - Villas at Lacombe Park Kimberley Homes - Matisse - Larch Park in Magrath Kimberley Homes - Picasso - Larch Park in Magrath Kimberley Homes - Preston - Keswick on the River Rohit Communities - Savoy - Salisbury Village

58

YPNEXTHOME.CA

Best Multi-Family - Apartment Building Carrington Communities - Waterstone - MacTaggart Mains Carrington Communities - Escapes - South West Edmonton Carrington Communities - Jade - Rosenthal Regency Developments - Edge Water Towers - Boyle Street StreetSide Developments - Aloft - Skyview Best Multi-Family - Townhouse/Duplex Project Ace Lange Homes - Cascades of Eagle Pointe at Jagare Ridge - Jagare Ridge Brookfield Residential - Mosaic Shores - Lake Summerside Brookfield Residential - The Grove Townhomes - The Orchards Kimberley Homes - The Gallery at Larch Park - Larch Park in Magrath Sterling Homes (Edmonton) Ltd - Heritage Valley Townhomes - Heritage Valley in Allard Best Sales & Information Centre - Single Family City Homes Master Builder Inc. - McConahie Coventry Homes Inc. - Paisley Coventry Homes Inc. - Laurel Crossing Kanvi Homes - Jensen Lakes Sterling Homes (Edmonton) Ltd - Langdale

Homes By Avi (Edmonton) LP. - Avi Definitions Interior Design Center Icon Flooring - Pinnacle Business Park Landmark Group of Companies Inc. - Landmark Design Centre Morrison Homes - Head Office StreetSide Developments - Qualico Developments Supplies or Manufactures a Tangible Product Directly to a CHBA - ER Builder/Renovator All Weather Windows Durabuilt Windows & Doors Glenora Lumber & Building Supplies Igloo Building Supplies Group Ltd. Leduc Truss Supplies and Installs a Tangible Product Directly to a CHBA - ER Builder/Renovator Divine Flooring Gem Cabinets Icon Flooring Lenbeth Weeping Tile Weiss - Johnson Sheet Metal

Best Sales & Information Centre - Multi-Family Christenson Developments - Villas at Lacombe Park Coventry Homes Inc. - Maple Crest Homes By Avi (Edmonton) LP. - Trumpeter ONE Properties - Downtown Sterling Homes (Edmonton) Ltd - Manning Village

Supplies a Service Directly to a CHBA - ER Builder/Renovator Bluebird Contracting Boss Design Enviromatics Group Landlie Consulting Ogilvie LLp

Best Design Centre/Show Room All Weather Windows - All Weather Windows - Edmonton Branch

To learn more about the CHBA – Edmonton Region, visit chbaedmonton.ca. For a full list of Awards of Excellence in Housing finalists, visit online at excellenceinhousing.ca.

FEB 24 - MAR 24, 2017 | NEW CONDO GUIDE 59

167 AVE

66 ST

82 ST

97 ST

VALOUR

VI CT OR IA TR

ALBANY WAY

NORTH SHORE

AVIVA

YELLOWHEAD TR

75 ST

TR RT BE AL ST

142 ST

WHYTE AVE

WHITEMUD DR

SHERWOOD PK FWY

ARGYLL RD

ROSENTHAL BLVD

TE RW ILL EG AR

RABBIT HILL RD

75 ST

DR

WHITEMUD DR

23 AVE

E’SCAPES ELLERSLIE RD 91 ST

30 AVE SW

111 ST

JAMES MOWAT TRAIL

ARA

25 AVE

CALGARY TR

111 ST

RUGBY PARK

GATEWAY BLVD

DR ANTHONY HENDAY

ELLERSLIE RD

2015 Awards of

EXCELLENCE in HOUSING Builder of the Year MULTI-FAMILY

ANTHONY HENDAY DR

ANTHONY HENDAY DR

WINTERBURN RD

JADE

2015 Awards of

EXCELLENCE in HOUSING Builder of the Year MULTI-FAMILY

VENESS RD 142 ST NW

97 STREET

PEGASUS BLVD

GR PA IESB RA AC DE H SW

VALOUR

167 AVE NW

DR

NW

137 AVENUE

Y DA EN YH N O TH AN Y WA AVIVA NY BA L A

ST 127

FREZENBERG AVE NW

LT W AU N G VD BL

KAPYONG AVE NW

ELLERSLIE RD

JADE

CALLINGWOOD RD

91 ST

170 ST

WHITEMUD DR

ANTHONY HENDAY DR

WINTERBURN RD

ROSENTHAL BLVD

88 ST

RECREATIONAL LAKE BEACH CLUB

WEBBER GREENS DR

22 AVE

SAVARYN DR SW 25 AVE

ARA

ELLERSLIE RD SW

50 ST SW

7 AVE SW

54 ST SW

56 ST SW

5 AVE SW 6 AVE SW

TE RW IL LE GA R

DR

NW

WIN DER MER E

R YD DA EN YH ON TH AN

WIN DER ME RE BLV D

RD

WHITEMUD DR

EB BE RS BL VD

DR IVE MA NN ING

75 ST

91 ST

SHERWOOD PARK FWY

50 ST NW

RD LL GY AR

MILLER BLVD NW

153 AVE NW

WHYTE AVE

144 AVE NW

It’s NEW… And It’s OPEN!!

17 HARVEST POINT, Spruce Grove

SHOW HOME HOURS: Monday – Wednesday 3:00 – 6:00 Thursday 3:00 – 8:00 Saturday & Sunday 12:00 – 5:00 We invite appointments as well Closed long weekends and Holidays

NEW PROJECT… RESERVE YOUR LOT TODAY. Only one unit remaining at Edgewater Villas!

Adult Living at it’s Finest Edge Water Villas is the perfect lifestyle choice for many buyers looking for low maintenance, carefree living in a great location.

Edge Water Villas provide the flexibility of lock and leave living, ideal for snowbirds, empty nesters, retirees, travellers and business people alike.

Leave the shovelling and mowing behind and move to a maintenance free Villa.

Please call for more information 780.700.9225 | 780.722.6496 17 Harvest Point www.langbuilthomes.com