Edmonton New Condo Guide - May 19, 2017

MAY 19 - JUNE 16, 2017 VOLUME 25, ISSUE 5, FREE

EDMONTON EDITION

THE TALLEST TOWER IN THE SOUTHWEST A STANDOUT BUILDING REACHING 16 STORIES! 2 BED / 2 BATH

FROM

$330k

EXPECTED END OF

2018 FINAL

on the 12th floor

44

SUITES LEFT

780-803-0888 www.sigtower.com INSIDE

INSIDE THIS ISSUE INSIDE 2 THIS ISSUE THIS ISSUE

MAINTENANCE FEES,MARK YOURHOLIDAY GUIDE: INSPIRATION: THE VIEW: WHAT ARE CALENDAR: HOW PARTY AND THAT THE BAR IS ALWAYS HIT SHIFT F7 ANDA DISTRIBUTE DECORATING YOU LOOKING T? TO PREP FOR MOVING DAY LIKE A PINEAPPLE!

ALBERTA REBOUND: WHY 2017 NOTEBE THAT THIS CALLOUT A TRUE BARGAIN MIGHT THE YEAR TO BUYIS ALWAYS YPNH GREY IN COLOUR

WHITE ON BOTTOM OF PAGE

SPACING AT 0.2074 INCHES

GRAND OPENING M AY 2 7 TH & 2 8 TH I N S P R U C E G R O V E

A GEN U I N E SENSE OF COM MUN I T Y Join us May 27th & 28th for our Grand Opening in Spruce Grove from 1pm to 5pm. We will be celebrating with beverages and snacks. Visit Christenson’s Info Centre for information about Phase 2 and the Marcson Homes showhome for information about Phase 1.

Phase 1 & 2 of Heritage Creek is a Active Adult gated community ideal for snowbirds, empty nesters and retirees. It is located just minutes from modern conveniences such as shopping & restaurants, walking trails and our prized private amenity building.

Showhome and Info Centre 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: ENTER TO WIN

A Free Ap ple iPad Air

EN T ER TO W IN A N A PPLE IPA D A IR

Ask About Our Upcoming Phase 3 and Phase 4

HeritageCreek.ca

Karen Glanville kareng@cdlhomes.com (780) 297-9707 Krista Galenzoski kgalenzoski@marcsonhomes.com 780-571-1704

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.

KS UISC Q SION OSSE IN

P

W SHO ES M N HO OPE OW

E MOVDAY TO

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 PARWS E I VAVAILABLE

TWO

N

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

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

Showhome 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

P: 587-524-0259 E: kaylie@melnychukgroup.com

P: 780-930-1518 E: bgayle5@aim.com

5

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!

“More fun than I’ve had in years!”

An active community that lets you live life your way.

Live independently or get support tailored to your needs, and have the freedom to focus on the best things in life!

Village at Westmount in Edmonton Ph: (780) 452-2030

Learn more at cdlhomes.com

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 7

8 YPNEXTHOME.CA

Web Directory BUILDERS/DEVELOPERS Abbey Lane Homes Addison Condos Californian Parkland

BUILDERS/DEVELOPERS www.abbeylanehomes.com www.theaddisonoffwhyte.com www.vipliving.ca

Carrington Communities

www.carrington.ca

Cascade Luxury Condos

www.cascadecondos.ca

Centurion Townhomes Christenson Developments Ltd. Coventry Homes Daytona Homes Master Builder Encore Tower Footprint Developments Fox Two Grovenor Manor

www.centuriontownhomes.com www.cdlhomes.com www.coventry-homes.com

www.grovenormanor.com

Homes by Avi

www.homesbyavi.com

Park Homes

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

www.secordchalet.com www.secordcorners.ca

Secord Corners

www.solaraliving.ca

Solara at Skyview

www.staffordgreens.com

Stafford Greens

www.symphonytower.ca

Symphony Tower

www.edmontoncondo.com

Tessco Incorporated

The Vermillion

www.foxtowers.ca

www.rohitcommunities.com

Secord Chalet

www.encoretower.com www.footprintdevelopments.ca

www.parkwoodmasterbuilder.com

Rohit Communities

The Leger

www.grandedesign.ca

Lang Built Homes

Parkwood Master Builder

www.daytonahomes.ca

Grande Design Homes

Landmark Group

Find your next condo online, it’s easy!

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

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 9

start your search here.

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

Everything including the kitchen sink.

Coventry gives you even more reasons to love townhome living:

Double Detached Garage • 6 Appliances • Landscaping • Basement Rough-In all with the freedom of no condo fees, ever!

Now building in Griesbach Move-in-ready townhomes available in Laurel Crossing

with a new school and community lake, right in your backyard.

Visit our showhomes or

coventry-homes.com/Townhomes for more details.

contents MAY 19 – JUNE 16, 2017 | VOLUME 25 ISSUE 5

56 + online NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

WITH

DYNAMIC MAPS

LOOK FOR THE CIRCLE

in every issue

trending

9

Web directory

24 Housing market

14

Editor’s note

29

What’s online

46 Neighbourhood profile

Spring buying and selling season is “off to a solid start”

50 Housing trends

“Problematic” conditions, despite improvement in some housing markets: CMHC

56 Homebuyers’ help

Alberta rebound: Why 2017 might the year to buy

by Gene Kosowan

12 YPNEXTHOME.CA

MAY 19 - JUNE 16, 2017 VOLUME 25, ISSUE 5, FREE

ON THE COVER

EDMONTON EDITION

THE TALLEST TOWER IN THE SOUTHWEST A STANDOUT BUILDING REACHING 16 STORIES! 2 BED / 2 BATH

$330k

FROM

EXPECTED END OF

2018 FINAL

on the 12th floor

44

SUITES LEFT

20

Taking suburban living to new heights

VICE PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES

Moe Lalani DIRECTOR OF CONTENT

Jennifer Reynolds SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Megan Pike

780-803-0888 www.sigtower.com INSIDE

INSIDE THIS ISSUE INSIDE 2 THIS ISSUE THIS ISSUE

CONTRIBUTING EDITORS

MAINTENANCE FEES,MARK YOURHOLIDAY GUIDE: INSPIRATION: THE VIEW: WHAT ARE CALENDAR: HOW PARTY AND THAT THEDAY BAR IS ALWAYS HIT LOOKING SHIFT F7 ANDA DISTRIBUTE DECORATING YOU T? TO PREP FOR MOVING LIKE A PINEAPPLE!

ALBERTA REBOUND: WHY 2017 NOTEBE THAT THIS CALLOUT A TRUE BARGAIN MIGHT THE YEAR TO BUYIS ALWAYS YPNH GREY IN COLOUR

WHITE ON BOTTOM OF PAGE

59 Top list

district maps

10 things to do in Edmonton on a budget

15 Edmonton

by Gene Kosowan

19 Southwest

advice

23 Southeast

30 Mortgage mogul

25 Leduc

Banks come under fire

by Jason Eldridge

38

News & views

Can’t afford to buy that home? Your options are...

by Lydia McNutt

44 Fundamentally speaking It’s a different kind of spring

by Wayne Karl

52 Make your move

Prepare for moving day

by Chuck Resnick

inspiration

49 Style file

Blonde ambition

by Elisa Krovblit

54 Entertaining essentials Party like a pineapple

by Elisa Krovblit

Sonia Bell Wayne Karl Elisa Krovblit

SPACING AT 0.2074 INCHES

SALES REPRESENTATIVES

Shelby Biggs 587.357.7402 Natalie Houghton 587.226.1313

SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford

27 Sherwood Park

NATIONAL CIRCULATION MANAGER

John Jenkins

31 North East 33 Fort Saskatchewan

PRODUCTION MANAGER

35 St. Albert

PRODUCTION CO-ORDINATOR

39 North West

GRAPHIC DESIGNERS

Anthony Majetic Hannah Yarkony Miguel Cea Mike Terentiev

41 Downtown 45 South Central 47 West

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

51 Spruce Grove

54

ADVERTISING

Call 587.784.4044 for advertising rates and information.

CIRCULATION

Highly targeted, free distribution system aimed at real estate buyers using street-level boxes and racking, plus door-to-door insertions in key audience segments. Call 1.855.826.4200 to discuss distribution opportunities.

COPYRIGHT 2017

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

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

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

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.

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 13

Editor’s Note

Timing is everything NOW COULD BE THE RIGHT TIME to get in on the housing

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

market in Edmonton. Following a prolonged period of falling prices and economic doom and gloom, Alberta could be at a turning point, with brighter days on the horizon.

According to the latest report from the Realtors Association of Edmonton, home sales and prices have perked up this spring. If you’re on the fence about home ownership, here are three things you should know.

First of all, there’s nothing quite like pride of ownership – stepping through your front door; relaxing in your living room; decorating and updating your space as you please.

Enough said.

Second, you have to live somewhere. If you’ve done the math and have determined that the down payment and mortgage requirements fit within your budget, why would you fatten a landlord’s pockets when you can invest in your own financial security?

Finally, no one has a crystal ball and the future is uncertain. With that said, the general rule of thumb for smart investments is to buy low and sell high. Whether you’re looking for a home to live in, or for investment purposes, this could be a great opportunity to get in on the action, while prices are still affordable and pickings are plentiful.

Do your research, find a home that meets your lifestyle needs and budget, and dive in. Don’t get bogged down by over-analysis paralysis. Buy when you’re ready for the market, not when the market is ready for you.

HOW TO SPOT A GOOD (AND BAD) HOME BUILDER

READ IT ONLINE

The popularity of condominium living has given rise to a new breed of home builders, and they’re all vying for your attention. But how do you know which one has what you’re looking for? There are seven key questions you’ll want to ask before you sign on the dotted line. Read the full story online! nexthome.yp.ca/choosing-a-builder

+ get social 14 YPNEXTHOME.CA

Interact with us on social media: ypnexthome

RAY GIBBON DR.

MA RK

ME SS IER

TR AIL

T ER LB

MERIDIAN STREET (0 St.)

A ST.

137 Ave.

AIL TR

DR.

Lessard Road DR.

QE II

James Mowatt Trail

127 St.

141 St.

170 St.

Cameron Heights Drive

*LEERQV

28A

Interchange

EDMONTON & REGION

&DOPDU

Check Each Area District Map For More Information

VIP REGISTRATION staffordgreens.com MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 15

a new way of living B r e a k away f r o m t h e m u n d a n e a n d d i s c o v e r

Life can become habitual. We drink the same coffee, drive the same roads, and prepare the same meals. Habits are powerful, and while the right

ones can lead to great achievement, the wrong ones will stifle success. Sometimes it takes more than willpower to set yourself free. Sometimes it takes a whole new environment.

Allure offers just that: a new way of living. This is a building designed to encourage the spontaneity needed for a dinner party with friends, the motivation that drives your daily workout, and the space to relax and enjoy the moment.

Allure is designed for you, the driven few who want the most out of life.

A New Way of Living Allure is southwest Edmonton’s newest, most exclusive, and innovative concept in architecture, design, and maintenance-free living. The building and the suites have been outfitted through careful attention to detail to ensure that your dream lifestyle soon becomes second nature.

Allure offers unparalleled amenity spaces designed to maximize the convenience and luxury of condo living. The journey begins in the soaring two-storey lobby, and on each floor are unique spaces that ignite the imagination and inspire a new way of living.

On the main floor, is the Silver Salon Dining Room. This stunning dining room provides an exquisite setting to host guests, and the fully-equipped chef’s kitchen means no one has to leave their guests’ side. Whether a caterer is behind the range or the host takes the opportunity to show their own artistry in the kitchen, this space brings friends and family closer together.

The second floor holds all the swagger and style of a private Vegas room with its Members’ Lounge Game Room. Outfitted with a poker table, wet bar, and flat screen TVs, this space will be the envy of every lounge in the area.

On the third floor, the Precision Athletics Club and Satya Studio provide a dedicated fitness space to train the body and mind for the all the challenges life brings. The state-of-the-art fitness equipment, flat screen TVs, and stunning design elements are enough to get the heart beating a little bit faster.

www.liveatallure.ca 16 YPNEXTHOME.CA

Then, continuing upward, is the Rooftop Vista Terrace.

A truly inspiring setting, the Terrace provides stunning views of starlight and sunsets, or the perfect place to curl up with a latte on a relaxing Saturday morning.

Underneath it all is a one-of-a-kind underground parking garage. Features include two levels, visitor parking on the first and resident parking through a second, vigilantly secured entrance. Allure luxury demands a special place for your treasured vehicles and offers private double, triple, and even quadruple garages.

And after all the inspiration of the building, the suites do not disappoint.

The culinary artist will have a place to thrive with gourmet chef-inspired kitchens. Equipped with a slide-in gas range, stainless steel hood fan, and paneled appliances that match the kitchen cabinetry, this is the pinnacle of modern kitchen design. The meticulous attention to detail is more than enough to inspire residents to expand their culinary repertoire.

The attention to detail continues in to the spacious naturally-lit living areas, warmed in the winter by the crackle of an elegant linear fireplace, and cooled in the summer by suite-controlled central air conditioning. That is, of course, if the gentle breeze isn’t already wafting in from the spacious balcony. Spa-inspired en-suite bathrooms, soaring over-height ceilings, and luxurious finishes like granite, hardwood, and porcelain tile continue to delight throughout these beautiful homes.

An Inspired Community Nestled in the burgeoning area of Mactaggart Mains, Allure boasts one of the most exclusive addresses

in the most desirable new area of Edmonton. These homes are minutes away from a stunning nature preserve—one of Edmonton’s most wonderful hidden gems—and to fine dining, fabulous shopping, world class fitness centres.

On the other side of Whitemud Creek residents are immersed in nature, a beautiful place to spend an hour strolling the trails or a day exploring the creeks and the indigenous flora and fauna. Allure’s central location provides balance for an ever-changing life. Sophistication and luxury are everywhere in this exquisite development, creating an artful community tailored to the most discerning individuals.

SHOWSUITES COMING SOON!

SOUTHWEST

Call Kathy at 780.756.2230 4042 MacTaggert Drive NW

SALES HOURS

By Appointment only

MAY 19 - JUN 16, 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

South West Edmonton

104 St. Calgary Trail North QE II

51 Ave.

119 St.

40 Ave.

SOUTH

WHITEMUD DR.

34 Ave.

Rabbit Hill Road

1

14 13

Ellerslie Road

17

21

26 23

25

127 St.

141 St.

16

22

7 4

Anthony Henday Dr. Ellerslie Rd.

3

30 Ave.

6

50 St.

8 10

23 Ave.

Blackburne Drive

91 St.

24

MacEw an Road

Parsons Rd.

2

9 Ave.

2

101 St.

15

19 Ave.

Saddleback Rd.

Dr.

James Mowatt Tr.

14

91 St.

23 Ave.

Ha dd ow

18 20 11

66 St.

Lansdowne Dr.

105 St.

9

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 THE QUAY AT TERWILLEGAR

BY ABBEY LANE HOMES

7021 South Terwillegar Drive 3 VISTAS AT CALLAGHAN NORTH

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

BY ROHIT COMMUNITIES

675 Allard Blvd SW 7 CANVAS TOWNHOUSES

BY BROOKFIELD RESIDENTIAL

4470 Prowse Rd SW 8 BRIGHTON 4835 Wright Dr SW 9 RIVERS EDGE

BY CHRISTENSON GROUP

3090 Cameron Hieghts Way 10 ELEMENTS AT WINDERMERE

BY CARRINGTON COMMUNITIES

340 Windermere Rd. 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 CARRINGTON COMMUNITIES

11080 Ellerslie Road 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

2351 Glenridding Blvd SW

17 ALTIUS GRAYDON HILL

BY STREETSIDE DEVELOPMENTS

1005 Graydon Hill 18 THE SANDS

BY BROOKFIELD RESIDENTIAL

4050 Savaryn Dr 19 BEARSPAW CROSSING

BY LANDMARK HOMES

1508 – 105 St. NW 20 THE VILLAGE AT SUMMERSIDE

BY PELHAM

24 TRIUMPH AMBLESIDE

BY STREETSIDE DEVELOPMENTS

1115 Armour Link SW 25 LINK CONDOS AT ELLERSLIE

BY REGENCY DEVELOPMENTS

11189 Ellerslie Road 26 VISTA POINTE IN CHAPPELE GARDENS

BY BROOKFIELD RESIDENTIAL

2905 141 St SW

4203 Savaryn Dr SW 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

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 19 2 color CMYK: 2955PC + 550PC

REACH NEW SUBURBAN HEIGHTS AT SIGNATURE TOWER IN AMBLESIDE

I

t’s not every day that you come across a condo project in Edmonton that makes you stop and pause. But Westrich Pacific’s new project, Signature Tower, in southwest Edmonton’s Ambleside community does just that.

The concrete structure, a contemporary 16-floor building—yes, 16 floors!— in the booming, suburban community of Ambleside is set to stand out from any other project in the area. In fact, once complete, Signature Tower will be the tallest building south of Anthony Henday.

“We wanted to create something unique, and to allow more people the opportunity to live in the area, because the demand is high for such an

20 YPNEXTHOME.CA

incredible location,” says Emily Kwok from Westrich Pacific. “We’re so close to the Henday with easy access to the airport, this project is proving popular for young professionals or people downsizing, people who just want to lock up and leave,” explains Kwok.

The remaining suites (they’ve sold up to the 11th floor) range from 821–1040 sq. ft, and all floorplans have two-bedrooms and two-bathrooms. All suites feature higher-end finishes including California knockdown ceilings, stainless steel gourmet appliances, quartz countertops, full-height glass tile backsplashes, porcelain tile floors and soft close cabinets. There’s secured underground

heated parking and gas lines for BBQ on all balconies.

Lucky homeowners will also be able to take advantage of the building’s height and views, thanks to the floor-to-ceiling windows in select suites.

Construction has started, and completion and move-in are set for the end of 2018.

The remaining suites range from $330,000–$371,000.

They’re selling fast, thanks to the building’s uniqueness and prime southwest location.

Just steps from Signature Tower is the Currents of Windermere Shopping Centre. “This little city in the suburbs combines a diverse mixture of shopping locations from Cabela’s to Wine and Beyond. Multiple grocery stores, banks, and even medical centers offer everything for day to day living in one convenient location,” states the project website. “Connect quickly to the rest of the city with easy access to the Anthony Henday. West Edmonton Mall, South Edmonton Common, and Southgate Mall are accessible all within a 15-minute drive.”

No matter your choice of leisure, there’s a little something for everyone within the community. Alberta’s only VIP theatre is just a short walk away, and winding walking paths connect Signature

Tower to a pond, a park, shops and other local amenities. There are also golf courses within a quick driving distance, as well as professional, leisure and entertainment amenities.

To learn more about the project, visit www.sigtower.com. You can also visit the sale centre — and to see its prime location for yourself—at 5151 Windermere Blvd (across from the Safeway in Ambleside), Monday to Thursday 12–6:30pm and Saturday 12–5pm.

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 21

Standing 16 stories high, the third and final tower at Signature Condominiums is taking suburban living to new heights in the much sought after neighbourhood of Windermere.

Features Include: • Full concrete structure • GLASS WINDOW WALL IN MOST UNITS! • Contemporary flat paneled cabinets with soft close features • Hardwood embossed laminate • Porcelain tile flooring • Stainless steel appliances • Quartz countertops • Unbeatable location just minutes from shopping, restaurants, and the VIP theater!

2 BED / 2 BATH

FROM

$330k

EXPECTED END OF

on the 12th floor

5151 Windermere Blvd. SW 780.803.0888 sigtower@westrichpacific.com

Sales Centre: Mon -Thur 12-6:30pm Saturday 12-5pm (Enter Sales Centre through side entrance on Ambleside Drive)

sigtower.com

2018

FINAL

44

SUITES LEFT

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.

34 St.

.

Rd yll Arg

50 St.

99 St.

76 Ave.

75 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.

1

2

23 Ave. Anthony Henday Dr. 216

91 St.

66 St.

1

9 10

50 St.

Parsons Rd.

3

101 St.

MAP LISTINGS

6

7

2

STONEHAVEN CONDOS

41 Ave.

5

9

SOUTHERN SPRINGS

BY ROHIT COMMUNITIES

BY PARK HOMES

812 Welsh Dr.

2845 - 43 Ave NW

655 Watt Blvd.

ARA

6

AURORA GREENS

BY CARLISLE DEVELOPMENTS

7

#128 - 1510 Watt Drive

2215 – 24 St NW

ELEMENTS AT WILLOWHAVEN

10

THE VILLAGE AT WALKER LAKES

BY LANDMARK HOMES 804 Walsh Drive SW.

BY CARRINGTON COMMUNITIES 5521- 7 Avenue SW

LAUREL LANDING

BY LANDMARK HOMES

ALTIUS TAMARACK

BY STREETSIDE DEVELOPMENTS 1530 Tamarack Blvd.

4008 Savaryn Dr. SW

4

LARKSPUR LANDING

BY LANDMARK HOMES

BY CARRINGTON COMMUNITIES

3

Ellerslie Rd.

8

ASPEN MEADOWS

BY LANDMARK HOMES

43A Ave. & 23 St.

SEARCH ONLINE ypnexthome.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 23

Trending

Spring buying and selling season is “off to a solid start” HOME PRICES ARE UP in Edmonton, both on a month-over-month and year-over-year basis, according to the latest figures reported by the Realtors Association of Edmonton.

The average Edmonton condo hit $257,740 in April 2017, up 6.23 per cent over March 2017 and a 2.32-percent increase compared to April 2016.

Duplex and rowhouse prices rose to $357,815, 2.58 per cent higher than March 2017 and 4.97 per cent up over April 2016. Single-family home prices saw a slight increase, to $439,438.

“Average monthly prices across all categories have increased,” says James Mabey, chair of the Realtors Association of Edmonton. “Despite slightly slower April sales, the spring buying season is off to a solid start.”

April unit volumes for all categories 24 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

was similar to March 2017, and increased 0.27 per cent month-overmonth. While all residential unit sales were down 6.99 per cent yearover-year, total year-to-date sales increased 5.06 per cent compared to April 2016.

Average days on market remained relatively stable in April. It took on average 48 days to sell a single-family home, down from 50 days on market in March 2017.

Duplexes and rowhouses stayed on the market for an average 64 days before selling, up from 62 days on market in March 2017.

Condominiums took an average of 60 days to sell in April, versus 67 days in March 2017.

New listings increased 2.73 per cent relative to March 2017, and decreased 2.65 per cent over April 2016.

Inventory continued to increase and is up 11.84 per cent over March 2017, but dropped 3.76 per cent on a year-over-year basis.

“Inventory levels and unit volumes continue to increase as the weather warms, which is typical for the market at this time of year,” says Mabey.

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 2

Simpkins Wynd

MAP LISTINGS

1 WINDROSE

BY LANDMARK COMMUNITIES

61 Windrose Drive 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

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

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

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 25

Buy your dream home

& get thousands in

!

K C A B H S A C *

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.

26 YPNEXTHOME.CA

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

1 2 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 PARK

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.

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MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 27

iL fe ode

“I’m surrounded by people who care for me. That gives my family peace of mind.”

à la

M

An active community that lets you live life your way.

Live independently or with additional supportive services in a bustling urban village at the Centre in the Park.

Reeling in the catch of the day at the lake. Cooling off at the spray park.

Bedford Village atdiamond.

CentreLive inathe Park, Sherwood Gathering friends at the ball life that’s always in fashion.

Live Ruisseau in Beaumont.

Park Ph: (780) 233- 6077

Featuring Homes by Look Master Builder | UrbanAge Homes Coming Soon

Learn more at cdlhomes.com

Visit our showhome today. Move in tomorrow. | ruisseau-beauMont.coM

H

©

28 YPNEXTHOME.CA

What’s Online

Trending now The latest real estate news from across Canada

What a $1-million home looks like, from coast to coast

High-density housing: The next frontier in lowrise living

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MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 29

Advice | MORTGAGE MOGUL

Banks come under fire

By Jason Eldridge

FOR YEARS, THE BANKS have always been the institution that consumers have gone to for financial products and services. It used to be, back in the day, that everyone from the tellers to the loans officer and even the branch manager knew many of their customers by name. Those days may be behind us for the foreseeable future. Banks are feeling intense pressure from investors and stock holders to continue increasing the bottom line, but at what cost?

As a mortgage broker, I feel it is important to bring attention to what I do for my clients, and dispel any possible negative thoughts, misconceptions or assumptions about the sales process in the mortgage industry.

Starting in April, Canada’s financial consumer watchdog began implementing a review of banks’ business practices. According to a report by CBC, employees from five of Canada’s biggest banks have allegedly felt pressured to up-sell, trick and even lie to customers to meet sales targets. They go on to admit to signing up existing and new clients for products and services without their knowledge or consent.

Perhaps this may be part of the reason why it appears that there is so much staff turnover within the banks these days.

As a mortgage professional in good standing with the Real Estate Council of Alberta), the Alberta Mortgage Brokers Association and Mortgage Professionals Canada, I am mandated to present my clients and have them authorize a consent form that outlines what my role and responsibilities are, how I am compensated, as well as privacy and disclosure practices.

30 YPNEXTHOME.CA

As a dedicated mortgage specialist with a financial planning designation, my mission statement is simple: to find my clients the mortgage financing option that best suites them and their situation, and doing so in a clear, convenient and professional manner. While my clients always have the choice of which chartered bank or financial institution they want me to work with on their behalf, more often than not, they choose a “mono-line” lender for various reasons. For those not familiar with this term, a monoline lender only offers one financial product – mortgages.

Needless to say, you don’t have to worry about tied selling, cross selling or assumptive marketing practices, as these companies don’t have any other products or services to offer.

With that said, there are situations where the big banks have mortgage products that may be better suited to a specific client and situation. If my clients determine that the bigger banks are offering a product they

MORE ADVICE ONLINE ypnexthome.ca/news/advice

prefer, I am happy to finalize the mortgage itself, and then refer the file to the branch. Prior to handing off the mortgage file to the branch, I make my clients aware that the branch may contact them to offer additional products or services in the future.

As a mortgage broker, it is my fiduciary duty to offer each and every client the opportunity to protect their mortgage with either life, disability, job loss, and/or accidental life insurance, but as a client, you are not mandated to take any of this coverage.

Jason Eldridge, P.F.P, B. is a mortgage specialist with Axiom Mortgage Solutions.

Contact him by calling 403.630.1718, email jason@axiommortgage.ca and visit online at jason.axiommortgage.ca

North East Edmonton 8 M Fo ANNIN GF rt WY. Rd .

34 St.

3 ve.

A 7 3 1

Rd .

137 Ave.

Fo rt

132 Ave.

95 St.

121 Ave.

.

Ave d.

112 Blv a Ad

CAPILANO BRIDGE

MAP LISTINGS

1 TOPAZ

BY PARK HOMES

70-8318 180 Ave. 2 ELEMENTS MANNING

BY CARRINGTON COMMUNITIES

142 Ebbers Blvd. NW 3 SAVIDA

BY LANDMARK HOMES

3650 - 139 Avenue NW 4 NORTHSHORE

BY CARRINGTON COMMUNITIES

5510 Schonsee Dr.

38 St.

120 Ave. 118 Ave.

58 St.

122 Ave.

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

129 Ave.

127 Ave.

20 St.

2

Victoria Tr.

50 St.

66 St.

87 St.

144 Av e.

151 Ave.

.

Ave 144

22 St.

9

1675Ave.

7

82 St.

97 St.

.

160 Ave . e v A 153

195 Ave.

4

91 St. 1

104 Ave. North Saskatchewan River

5 ELEMENTS AT MCCONACHIE

BY CARLISLE GROUP

167 Ave. & 53 Street 6 KERNOHAN RAVINES

BY LANDMARK HOMES

9 CY BECKER DUPLEXES

BY ROHIT COMMUNITIES

118 Cy Becker Blvd.

10 KIRKNESS

BY LANDMARK HOMES

415 Clareview Rd.

415 Clareview Rd. 7 ALTIUS CRYSTALLINA

BY STREETSIDE DEVELOPMENTS

17832 78 St. 8 ALTIUS CY BECKER

BY STREETSIDE DEVELOPMENTS

165 Cy Becker Blvd.

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MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 31

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

Available at these locations: • YP NextHome street boxes

• Airport lounges • Transportation hubs

• Newspaper insertions

• Selected retail racks

• Select hotels

• Direct mail

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

k Lin o d brid ge

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

86 St

15

98 Ave

93

Ave 95a

83 Ave

e Av

ve 97 A

Ave 96

84 Ave

113 St

99

91 St

R an ew h c kat Sas rth o N

112 St

St 101

99

e Av

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, No Frills, Wal-Mart Supercentre, M&M Market, Giant Tiger 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 (780) 992-6200 or visit our website at www.fortsask.ca or e-mail: info@fortsask.ca

SEARCH ONLINE ypnexthome.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 33

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

St. Albert ros e Dr.

Keil lor Dr.

Sturg eon Rd .

e.

Poirier Av

Rd .

TO

tT r.

167 Ave.

ED

M

156 St.

St. Al be r

Boudreau Rd. Campbell Rd.

Dr. ins k t A Rd .

170 St. Gerva is

1 CITADEL VILLAGE

4

ON

TO N

THE TERRACES

BY CHRISTENSON GROUP

BY CHRISTENSON GROUP

St. Albert Trail & Ridge Drive

88 Lacombe Drive

2 BOTANICA

BY BOUDREAU DEVELOPMENTS LTD.

105 Bellerose Drive 3

ud re au

. ve lA l i h urc Ch

Av e.

184 St.

Levasseur Rd.

MAP LISTINGS

Bo

Sir

Ga te

n eo rg Stu

5 inston W

er Riv

2

Ro ad He be rt

ve. yA enn K c M

ron Per

Lacombe Dr.

3 4

. x Rd irou

Kin gsw ood Blvd.

lle Be

1 ert .

St. Alb

G

Element Dr. Erin Rid ge Dr.

TO MORINVILLE

5

GRANDIN PARC VILLAGE

BY AMACON

104-5 St. Louis Street (Off Grandin Road)

THE LINX

BY CHRISTENSON GROUP

88 Lacombe Drive

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MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 35

36 YPNEXTHOME.CA

IES N

U

EXPERIENCE THE RELAXED, easy-going, luxury retirement lifestyle you’ve always dreamed of at the Villas at Lacombe Park.

Situated near the coveted Big Lake district of St Albert, the Villas at Lacombe Park showcase stunning duplex bungalows designed specifically for convenience and stress-free living—all in a spectacular location.

“Residents are just minutes away from shopping recreation and natural amenities,” boasts Sandy Wagar, Christenson Group of Companies’ community sales consultant. The Villas at Lacombe Park offer easy access to St. Albert Trail and the Anthony Henday. There are abundant shopping, lifestyle and professional amenities nearby.

And for all nature-loving residents, there’s a plethora of natural pathways right in the community, and recreation amenities including ponds and a dog park within a short drive from home.

Each home in the Villas is designed for style and convenience, and include features like spacious open floor plans, vaulted ceilings, custom cabinetry, window coverings, granite countertops and hardwood floors. Homes also include attached garages, making these homes accessible and perfect for anyone downsizing. All Villa homes have finished basements with extra large bedrooms and windows, a full bathroom and ample storage, making the additional basement living space excellent for guests.

There are two different areas of the Villas at Lacombe Park: the

P

OF

P

A

CH GRO

The Villas at Lacombe Park

S T E NS ON

Christenson Developments presents:

RI

COM

Lynx (Phase 2) and the Terrace (Phase 3). Both areas offer homeowners the same great homes and amenities plus the freedom of no yard work or shoveling, but the communities are set up a bit differently: The Lynx has a condo board while the Terrace has a home owners’ association.

There are two main floorplans available at the Villas, and each of the Lynx and Terrace showcase slight variations of each plan—there are options galore! For instance, in the Terrace, you’ll find the Awards of Excellence-nominated bungalow, the Sequoia. The Sequoia is 2,313 sq. ft (1,386 sq. ft on the main floor and 927 sq. ft of finished space downstairs) and starts at $609,900. At The Lynx, there are

Each home in the Villas is designed for style and convenience, and include features like spacious open floor plans, vaulted ceilings, custom cabinetry, window coverings, granite countertops and hardwood floors.

larger and smaller versions of the Sequoia available.

There’s a slightly smaller version of the Sequoia available in the Terrace called the Linden—with 1,183 sq. ft on the main floor and 795 sq. ft of finished space downstairs (totaling 1,978 sq. ft) and starts at $499,900. In the Lynx, there are two walkout lots available on the water starting at $589,900, as well as quick possessions available starting

from $489,900. (At the Villas, there are both quick possession homes and quicker possession homes available. The former are ready for move-in right now, while the latter are framed but not finished, so homeowners can still make adjustments to the plans.)

The area in Lacombe Park is stunning with many options, styles andpossession dates available that can meet the needs of anyone planning for retirement. Wagar: “This project is the best of both worlds – the security of owning a home with the freedom of apartment living. And it doesn’t get better than this!”

Of course, you can see that for yourself when you visit the community’s show suite at 31 Legacy Terrace, St. Albert, Monday to Thursday from 1–6pm, and weekends from 1–5pm.

For more information or to learn more about the Villas at Lacombe Park, visit LacombePark.ca or call Sandy at 780-903-2465.

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 37

Advice | NEWS & VIEWS

Can’t afford to buy that home?

Your options are...

By Lydia McNutt

MORE ADVICE ONLINE ypnexthome.ca/news/advice

CANADA’S MAJOR HOUSING MARKETS are each telling a different

tale. In Alberta, a boost in home prices is the talk of the town, hinting at a housing market recovery after a prolonged period of depression.

At the other end of the spectrum, rising prices and unaffordability continue to make headlines in BC and Ontario.

At a national level, Canada Mortgage and Housing Corp. waved a red flag in its latest Housing Market Assessment, warning of “strong evidence of problematic conditions,” due to overvaluation and overbuilding. (Flip to page 50 to read the full story.)

There’s no shortage of tips out there on how to achieve home ownership in the face of tough financial times. Hopeful homebuyers are inundated with a steady stream of advice on how to save more and spend less, complete with suggestions of different housing types at lower price points, and “coming soon” communities in the nether regions that might be within your price range. These are all potentially good and feasible options to maximize your available funds.

The term “priced out” has become commonplace in housing markets like Vancouver and Toronto, for their unaffordability, and even in the Prairies where economic and employment conditions have seen better days.

38 YPNEXTHOME.CA

“The biggest threat to our strong real estate market, and local economy, is a generation of buyers who, in pursuit of the housing dream, throw caution to the wind, assume a crippling mortgage, and take on more debt than they can handle.”

Regardless of the regional housing market or economic conditions, if you personally can’t comfortably afford to buy that home, your options should be clear.

“Don’t do it,” says Brian Brown, vice-president of Lifetime Developments. He admits, it’s unexpected advice – particularly coming from a real estate developer.

Brown’s rationale behind his words is pretty simple: “It’s the advice I give my kids when they want to buy a toy they can’t afford.”

Now, let’s be careful not to take Brown’s unhesitating words out of context. Real estate has historically been a good investment and, barring any major catastrophe, will probably continue to be one in the long-term – if you can get your foot in the door.

This is a critical time for prospective homebuyers in Edmonton to crunch

the numbers, with prices starting to trend upward as per the latest sales stats reported by the Realtors Association of Edmonton. (Read more on page 24.)

In the meantime, Brown offers these words of wisdom: “Be disciplined. Be prudent. Be responsible...The biggest threat to our strong real estate market, and local economy, is a generation of buyers who, in pursuit of the housing dream, throw caution to the wind, assume a crippling mortgage, and take on more debt than they can handle.”

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. Lydia can be reached at Lydia.McNutt@ypnexthome.ca, and follow her on Twitter @LydiasTweets

North West Edmonton City Boundary 176 Ave. Castle Downs Rd. 167 Ave. 162 A ve

.

7 132 Ave.

An th

on y

l rai rt T

127 Ave.

ail d Tr

124 St.

142 St.

149 St.

.

Rd eld

Kin

gsw

ay

s . es ve nc A Pri beth a Eliz

Ave .

yfi

111 Ave.

Ma

178 St.

184 St.

170 St.

199 St.

156 St.

a whe 118 Ave.

o Yell

109 St.

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nd ay

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lbe

215 St.

10

5 135 St.

137 Ave.

11 13

A St.

9

153 Ave. 6 12 1

8

2 1424Ave.

121 St. 113A St.

150 Ave.

97 St.

127 St.

153 Ave.

148 Ave.

Campbell Rd.

3

Stony Plain Rd.

MAP LISTINGS

1 COVENTRY HOMES Castle Downs Rd. & McCrae Ave.

6 VALOUR

2 SOLARA AT SKYVIEW

7 BELLWETHER PARK 132 Ave. & 132 St.

BY ABBEY LANE HOMES

12650 142 Avenue NW 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.

11 STARLING DUPLEXES

BY CARRINGTON COMMUNITIES

BY ROHIT COMMUNITIES

508 Griesbach Parade NW

2407 Sparrow Crescent

8 THE HARMONY

BY P2000 DEVELOPMENTS

Sales Center 14904-125 St 9 STARLING LANDING

12 JUNO TOWNHOMES

BY SLOKKER CANADA WEST

2570 Pegasus Blvd.

13 STARLING AT BIG LAKE

BY ROHIT LAND DEVELOPMENT

137 Ave & Ray Gibbons Dr.

BY ROHIT COMMUNITIES

2405 Sparrow Common 10 URBAN CENTURY

BY FOURCHA GROUP

14705-125 Street

SEARCH ONLINE ypnexthome.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 39

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

Downtown Edmonton 118 Ave. 112 Ave.

102 Ave.

10

8

7

Jasper Ave. 100 Ave.

106 St.

Victoria Park Rd. Rive r Va lley Rd

3 97 Ave.

.

82 St.

d lan

w Ro

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Rd

St.

9 2 1 6 5

100 St.

104 Ave.

yA ve .

92

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105 St.

116 St.

13

109 St.

127 St.

142 St.

144 St.

107 Ave.

4

11

gs

KINNARD RAVINE

t.

95 S

12

104 Ave.

Kin

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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

9704 - 106 St.

BY PELHAM MASTER BUILDER

10126 – 144 Street 9 THE LEGENDS

4 THE VERMILLION

BY WAM

BY REDLEAF PROPERTIES

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 PARK AVENUE

BY WESTRICH PACIFIC

11303 105th Avenue

104 Ave. & 102 St.

10611 – 116 Street

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

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 41

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.

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 ultimate urban lifestyle 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.

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.

• Summer 2017 occupancy • Spacious 2- and 3-bedroom units still available on various floors • Well-appointed units with superiorquality 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 one private balcony • At least 1 heated and secured parking stall included in purchase price • Three high-speed elevators

Another project by Langham Developments Ltd.

The fully occupied Fox One and nearly completed Fox Two.

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.

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

www.foxtowers.ca | 780.425.0369

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 43

Advice | FUNDAMENTALLY SPEAKING

It’s a different kind of spring this year

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

SPRING HAS SPRUNG, and while it’s

normally an occasion to celebrate, with days growing longer, weather getting warmer and real estate heading into busy season, everything feels a little different this year.

Canada’s real estate markets are dealing with a myriad of issues. In Ontario, it’s an acute supply shortage, skyrocketing prices and a resulting affordability crisis.

In BC, a compositional shift towards softer sales and slowing price growth.

In Alberta, it’s all about recovery, as the province and housing sectors claw their way out of two or three years of economic quagmire.

Other provinces are dealing with their own economic- and marketspecific challenges and opportunities.

Against this backdrop, add the delicate and often confusing issue of policy. In Ontario, for example, the provincial government is facing hard lobbying from multiple sources – chief among them the Ontario Home Builders’ Association, Ontario Real Estate Association, and the Building Industry and Land Development Association – to, in short, make more land available on which to build lowrise homes. And to speed up the approvals process.

The Canadian Home Builders’ Association (CHBA) is also growing more vocal. In early March, it released an in-depth analysis of key factors underlying housing market conditions. The Housing Supply Deficit – Not Enough Homes for Families with Young Children, points to a significant and growing 44 YPNEXTHOME.CA

mismatch between housing demand and what the residential construction industry is able to supply, given planning and zoning patterns and lack of available serviced land. The report notes that if current trends continue, Canada will see a shortfall of 300,000 family-oriented homes over the next decade.

“There has been a lot of commentary around what’s driving house prices in markets like Vancouver and the GTA,” says CHBA CEO Kevin Lee. “Much of this overlooks the fundamental factors of supply and demand, and the increasing number of young families trying to achieve homeownership.”

In Ontario, having seen how effective a foreign buyers’ tax in Vancouver was to cooling a potentially overheating market there, the province is taking similar action.

Something… anything might be better than to let double-digit price growth

continue unchecked, proponents say.

But, critics argue, slapping a tax on foreign purchases is short-sighted and will do nothing to facilitate a long-term solution to increase the supply of new homes.

If all of this wasn’t complex enough, add the prospect of the National Housing Strategy. Due out at some point this year, this federal initiative will attempt to address the varied and challenging issues, involving differing provincial and regional economies, housing markets and conditions, from affordable housing to rental markets to homeownership.

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

South Central Edmonton North Saskatchewan River

84 St.

71 St.

75 St.

Co

n 7 nors 2 Rd.

90 Ave. 83 St.

99 St.

103 St.

104 St.

1

6

95 Ave.

85 St.

105 ST BRIDGE . n Dr ewa atch k s a S

5 8

101 Ave. 98 Ave.

92 St.

Sas kat che wa nD r.

87 Ave.

FOOT BRIDGE

JAMES McDONALD BRIDGE

Scona Rd.

109 ST BRIDGE

114 St.

Groat Rd .

GROAT BRIDGE

79 St.

106 Ave.

DAWSON BRIDGE LOW LEVEL BRIDGE

CAPILANO BRIDGE

Whyte - 82 Ave. 77 Ave. 76 Ave.

3

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 ELEMENTS URBAN VILLAGE

BY CARRINGTON COMMUNITIES

7711 – 71 Street NW

4 THE UNIVERSITY BROWNSTONES

7 CASCADE LUXURY CONDOS

BY TESSCO

BY PK DEVELOPMENTS

108 St. & 71 Ave.

9008 - 85 Ave

5 LUMIERE

BY INFINITI DEVELOPMENTS

10836-85 Ave.

8 WILLIAM OFF WHYTE

BY GREENVIEW DEVELOPMENTS

83rd Ave. and 109th St.

6 STUDIO ON THE HILL

BY I4 PROPERTY GROUP

9859 – 90th Ave

SEARCH ONLINE ypnexthome.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 45

Neighbourhood Profile

Bonnie Doon

By Amy Hancock

Fast facts Average household income

$85,718

Most common housing type

Detached

Family composition

FAMILIES

COUPLES

SINGLES

26%

33%

41%

Own vs. rent

43% RENTERS

BONNIE DOON IS LOCATED in southcentral Edmonton extending roughly from 82nd Avenue to the North Saskatchewan River, with Millcreek Ravine bordering west, Connors Road and 83rd Street north-east.

Mature trees shade older bungalows, impressive infill housing and Alberta’s only Francophone university. Bonnie Doon is home to Edmonton’s French Quarter and is the heart of the FrancoAlbertan community.

The vibe Like most urban neighbourhoods the main streets are busy with bus and vehicle traffic as people come and go from shopping malls, supermarkets, banks and medi-centres. In the residential streets you’ll feel an instant calm as vehicle noise is replaced by songbirds and the rustling of leaves from the green canopies above.

Students at Campus St. Jean study in the park and French conversations spill out of local cafes.

Meet the neighbours Surprisingly for an older neighbourhood, the majority of 46 YPNEXTHOME.CA

the residents here are aged 20-29 and living in one or two-person households, according to the 2011 Census of Canada. They’re either students or successful young professionals. Spend any time in the neighbourhood and you’ll find the rest of the population is made up of seniors, many life-long residents of the area.

Planes, trains & automobiles Major bus routes run north-south right through Bonnie Doon Centre.

Commuters can bus downtown or to Whyte Avenue in five minutes. Head east down 82nd Avenue to Sherwood Park and north up 83rd Street to Connors Road for easy access to the river valley and downtown core.

Bonnie Doon is also in line to receive a new LRT station as part of the future LRT expansion.

Dollars & sense Bargain hunters can find deals at the mall and nearby thrift stores. Most retail and restaurants are priced below average. There are plenty of real estate options including lower priced

57% OWNERS

Education levels

37% HIGH SCHOOL

28% COLLEGE

35% UNIVERSITY

SOURCE: ENVIRONICS

condos. The single-detached homes are listed at above-average prices.

Real estate There are some rental apartments and owned condos located near Bonnie Doon Centre that are priced according to market average. Updated character homes, modern infill housing and expansive luxury estates with river valley views make up the remainder of the housing. A mid-priced market does exist, but homes for sale in that range are snatched up quickly. Bonnie Doon also has many bungalows for rent including full-house, main-floor and basement suites units.

231 St.

West Edmonton Yellowhead Trail

124 St.

159 St.

87 Ave.

WHITEMUD FWY.

QUESNELL BRIDGE

199 St.

69 Ave.

6

11

GROAT BRIDGE

142 St.

163 St.

170 St.

2 149 St.

156 St.

178 St.

8 1

175 St.

Rosenthal Blvd.

102 Ave.

Stony Plain Rd. 100 Ave. 95 Ave.

182 St.

ANTHONY HENDAY

Stony Plain Rd.

107 Ave.

a en d.

Bu ta R Vis

Winterburn Road (215 St.)

Secord Blvd.

4

5 10

Ma yfie ld

Rd .

111 Ave.

Callingwood Rd.

9 35 Ave

MAP LISTINGS

North Saskatchewan River

3

1 THE CALIFORNIAN PARKLAND

BY ABBEY LANE HOMES

2035 Grantham Court 2 GROVENOR MANOR

BY PELHAM MASTER BUILDER

10126 – 144 Street 3 HAVEN TOWNHOMES

5 JADE

BY CARRINGTON COMMUNITIES

1004 Rosenthal Blvd

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 STAFFORD GREENS (Stafford Greens II COMING SOON!)

BY BROOKFIELD RESIDENTIAL

BY ABBEY LANE HOMES

7385 Edgemont Way

2035 Granthan Court

4 SECORD CHALET

9

BY DAYTONA

1 &2 8209-217 Street NW

BY ALLDRITT GROUP

7508 Getty Gate

BY HOPEWELL

#5, 320 Secord Blvd

SEARCH ONLINE ypnexthome.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 47

Here’s what you can do to Recycle, Renew and Reuse • Keep your car in good working order. Tune-ups and filter changes cut down on exhaust emissions, and you’ll get better gas mileage.

When you change your oil, take your used motor oil to a recycling centre.

• Use available transit alternatives.

• Separate your garbage. Glass, aluminum, paper and even plastic can be recycled. If a recycling program is not directly available to you, contact your municipal sanitation department.

• Donate reusable clothing and linens to charity.

Most pick-up regularly in your area.

• Become environmentally active in your community.

You can make the world a better place to live... now and for future generations.

Recycle girl(15/10)-ja/ah

48 YPNEXTHOME.CA

Inspiration

Night Table $70 walmart.ca

Stockholm Coffee Table $199 ikea.ca

Wooden Shelving Unit $450 bouclair.ca

Blondes have

MORE FUN

Good-bye espresso, mocha and ebony wood, and hello you beautiful blondes! The trend has turned to lighter and brighter tones, creating an oasis of calm comfort.

by Elisa Krovblit

Canvas Oslo Console Desk $300 canadiantire.ca

Jackson Floor Lamp $349 crateandbarrel.ca

Antwerp Cabinet $3,750 jonathanadler.com

Kaishi Chair $899 cb2.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 49

Trending

CMHC warns of “problematic” conditions, despite improvement in some housing markets

CONDITIONS IN CANADA’S HOUSING markets are showing some signs of

improvement, but Canada Mortgage and Housing Corp. (CMHC) continues to warn of “strong evidence of problematic conditions.”

CMHC’s quarterly Housing Market Assessment (HMA) report offers insight and analysis, based on available housing data across Canada. The HMA acts as an early warning system for the country’s housing markets – an important tool supporting financial and housing market stability.

CMHC defines “problematic conditions” as imbalances in the housing market. Imbalances occur when overbuilding, overvaluation, overheating and price acceleration – or combinations thereof – stray significantly from historical averages.

REGIONAL HIGHLIGHTS » Strong evidence of problematic conditions appears at the national level. » Evidence of overvaluation has been downgraded from “strong” to “moderate,” now present in six metropolitan centres instead of eight. » Overbuilding has been flagged in six metropolitan centres, down from the previous eight. » The Prairies continue to show moderate to strong evidence of overbuilding. » Vancouver’s housing market continues to show strong evidence of problematic conditions due to moderate evidence of price acceleration and strong evidence of overvaluation. » Evidence of overvaluation is up from a moderate rating to strong in Victoria, 50 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

as fundamentals are not keeping up with rising prices. There is also moderate evidence of price acceleration and overheating, leading to strong overall evidence of problematic conditions. » Conditions have improved in Regina, Montréal and Québec relative to home prices. » Housing supply in Moncton and St. John’s is adjusting to demand. » Toronto and Hamilton continue to face price acceleration, overvaluation and overheating.

Price growth has intensified and demand is outpacing supply in the rental, resale and new-home markets.

Spruce Grove H

ar v 2 Ridg est

Jennifer Heil Way

eD r

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

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 51

Advice | MAKE YOUR MOVE

How to prepare for moving day

By Chuck Resnick

MORE ADVICE ONLINE ypnexthome.ca/news/advice

TIMING IS EVERYTHING, and when it comes to ensuring a successful move, that statement rings true.

Even if it’s not “everything,” using some careful planning and forethought helps “everything” happen efficiently. The point is, as soon as you decide to move, start your thinking process, explore your options and take action.

First, are you going to move yourself, or will you hire movers? It’s best to book the truck or the moving company at least a month ahead, and preferably more.

Keep in mind that because of more cooperative weather, late spring, early summer and early fall are the most popular times of the year for moves. If you wait too long to book, you may have trouble getting someone during 52 YPNEXTHOME.CA

those seasons. Keep in mind, June 30 is the busiest moving day of the year!

Next, are you going to pack or take advantage of professional packing services? If you are thinking DIY, start collecting/buying boxes and packing material. Remember that professional movers usually sell standard-size boxes that are sturdy and easy to stack, as well as paper that can protect your items without leaving newsprint behind.

Last, but not least, what do you want and need to move? Now is the time to purge all of those unnecessary items that have been at the back of your closets for months, and often years. The less “stuff” you move, the easier and less expensive it will be.

MOVING CHECKLIST: What to do, and when A month before the move … » De-clutter, sort, pitch, give away, donate to charity, host a yard sale – whatever – but pare down your stuff. » Obtain change-of-address cards from your local post office. » Notify magazines, insurance companies, banks, credit card companies, schools and employers of your change of address. » Start using up food and perishables to minimize what you throw out on moving day. » If you are moving to a new home or condo that includes appliances, ask for the owner’s manuals ahead of time.

2 weeks before the move… » Make a “survival closet” of items you will need to clean the place once furniture is moved (broom, dustpan, cleansers), and even snacks that you can grab quickly during the process. » Either start packing or make sure your mover begins. Label boxes as you pack with both the contents and which room each will go into at your new digs. Write the destination room on the top and sides of each box. » Schedule disconnects for utilities and phone, but make sure you still have the use of your phone line on moving day. At the same time, arrange for hook-ups at the other end. » Cancel newspapers, cable TV, security system monitoring and any companies you use for services such as cleaning and lawn maintenance. » Mail out change-of-address cards.

The day before the move… » Clean out, defrost and dry the fridge and freezer. » Get to a bank or bank machine and take out enough cash to tide you over. » Pack a last-minute essentials bag/box. » Arrange for children and pets to be looked after elsewhere on moving day.

On moving day… » Double and triple check rooms, closets, the garage and basement to ensure that you have all of your things and the areas are left clean. » Don’t forget to carry your own (family’s) valuables, cash and items relevant to the move, and all other important documents.

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

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 53

Inspiration

Party Like a Pineapple Outdoor Cushion $11.50 walmart.ca

Pineapple Toss Cushion $39 urbanbarn.com

Party like a

PINEAPPLE

By Elisa Krovblit

Juicy, sweet and oh-so-bright yellow, as a friend recently said to me, “Who doesn’t love a pineapple?” Too true – we love that cute little fruit and will enjoy using it in our decor since, aside from the Piña Colada, it has made its whimsical way into this season’s hottest home accents – especially for entertaining.

Canvas White Pineapple Tealight Holder $20 canadiantire.ca Pineapple Swizzle Sticks $15/set of 4 crateandbarrel.ca

54 YPNEXTHOME.CA

Pineapple Doormat $12 simons.ca

Pineapple Lounge Chair $70 homesense.ca

Carmen Pineapple Ice Bucket $100 cb2.ca

allen + roth Green Earthenware Pineapple Tabletop Accent $20 lowes.ca

Large Pineapple Jar $45 indigo.ca

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 55

Trending

ALBERTA REBOUND Why 2017 might the year to buy

By Gene Kosowan

AS ALBERTA CONTINUES to endure a difficult economic recession, homebuyers and investors across the province are cautiously optimistic that the worst may be over.

“In 2016, there was so much change and uncertainty, people didn’t know what to do,” says John Stobbe, a broker and owner at Century 21 Platinum Realty in Edmonton. “Now, we see that the sky hasn’t fallen totally during the last couple years. It’s like, ‘Okay, this is the new normal. Let’s get on with it.’”

In short, Wild Rose Country isn’t exactly in full bloom, but the buds are starting to sprout from the branches.

Crude oil prices, which plummeted to less than $30 a barrel in 2016 after achieving record highs of $155 eight years earlier, are slowly creeping up past the $50 mark, creating some relief in Alberta’s largest industry. And while the unemployment rate is still hovering above eight per cent, the Conference Board of Canada predicted last December that Alberta’s Gross Domestic Product (GDP) will grow by 2.2 per cent in 2017 – a far cry from the red ink the year before.

While those indicators might light up the eyes of property investors, experts are advising those looking at real estate to proceed with caution.

“I wouldn’t run out and buy five houses, but if you were looking for an opportunity, I think now is a reasonable time,” says David DaleJohnson, economics professor at the Alberta School of Business at the University of Alberta in Edmonton.

Patrick Francey, CEO of the Real Estate Investment Network (REIN), suggests it’s currently a good time to shop around, while still keeping an eye on changing economic conditions.

56 YPNEXTHOME.CA

“Until you have employment and people moving back into the province, creating demand for rental units, which will then drive the demand for sale units, the world of real estate right now is looking at opportunities to buy,” he says. “Knowing that in the next couple years, as the economy starts to pick up and GDP actually increases, that’s what’s going to drive real estate.”

Insiders agree that the best places in Alberta to search for opportunities are within its two largest cities.

“For both Edmonton and Calgary, there are great buying opportunities right now, but there’s no rush,” says Francey. “That’s the good news.

You’re finding the properties that [generate] cash-flow in a single-family would have preferably coming from basement suites. Anything that’s in the $400,000 to $500,000 range is still very strong in the marketplace, but ultimately, there are good opportunities to buy. You’ve got to look for the deals, but they exist. And there are cash-flow opportunities, especially in those single-family uptown suites.”

In Calgary, with $5.8-billion being invested in infrastructure, including expansion of the city’s light rail transit system, indicates that 2018 could be a turnaround year for property investment.

“The smart people are buying; the masses maybe aren’t,” says Glen Godlonton, a Calgary-based ReMax realtor who’s noticed increased investor interest since January. “The multi-million-dollar stuff is definitely down. But the $300,000 to $400,000 stuff is moving. There are still lots of multiple offers.”

The buzz is just as loud in Edmonton, much of it on the strength

of $5.5 billion sunk into construction projects, including the new Rogers Place arena and light rail transit expansion. The manpower needed for those projects, says Stobbe, will help Edmonton grow steadily the next

Until you have employment and people moving back into the province, creating demand for rental units, which will then drive the demand for sale units, the world of real estate right now is looking at opportunities to buy

MORE TRENDING ONLINE ypnexthome.ca/news

couple years, although nowhere near the boom years.

“We’ve had a number of years, where it’s just been build, build, build.

So, we’ve been pleasantly spoiled in that there are lots of projects on the go that are generating jobs. While some of them are initially construction jobs, there will be long-term jobs to look after those things.”

Smaller centres in Alberta are dicey propositions for property investors, according to Francey, even though many of those municipalities, including Grande Prairie in northern Alberta, are starting to enjoy increased oil patch activity.

“As they come back on-stream, you see the smaller centres in the oil and gas industry go through the same cycles, which is that the peaks get really high and the valleys get really low,” he says. “When you’re picking regions to invest in, and you look at a smaller centre like Grande Prairie, your risk factor is always larger. But when you look at a larger centre like Edmonton or Calgary, the risk isn’t as impactful in that regard.”

Fort McMurray, however, is as risky as they come, given the double whammy it experienced. The first blow landed squarely into the geographic heart of the energy sector in the form of an oil economy collapse that started late in 2014 and has since thrown roughly 9,000 residents out of work. But the sucker punch that followed was even more devastating, when a forest fire last May forced an evacuation of the city before wiping out a tenth of the municipality.

PHOTO BY ICE DISTRICT PROPERTIES

Patrick Francey, CEO of the Real Estate Investment Network (REIN)

MAY 19 - JUN 16, 2017 | NEW CONDO GUIDE 57

John Stobbe, broker and owner, Century 21 Platinum Realty, Edmonton

Now, we see that the sky hasn’t fallen totally during the last couple years. It’s like, ‘Okay, this is the new normal. Let’s get on with it.’

Preliminary housing starts data SINGLE-DETACHED

ALL OTHERS

MAR‘16 - MAR‘17 - % INCREASE

TOTAL

MAR‘16 - MAR‘17 - % INCREASE

MAR‘16 - MAR‘17 - % INCREASE

Edmonton

290

280

-3

584

880

51

874

1,160

33

Calgary

217

283

30

194

862

344

411

1,145

179

Alberta

650

719

11

907

1,1801

99

1,157

2,520

62

However, after the last wisps of smoke trailed off, Micheal Cammock, a realtor at The Lowe Group in Fort McMurray, noticed interest in buying had increased, not only among folks who lost their homes, but from investors as well.

“When we first came back from the fire, we’ve seen investors come back to the table to cash in on the rental market, which is going to come forward once all the rebuilding starts,” says Cammock.

“We have a lot of buyers and that’s going to continue throughout the year.

What it will do to the market depends on so many other factors. We’ll see; 2018 is supposed to be a good year, but you never know around here.

Things can change really quickly.”

Francey acknowledges that with the 58 YPNEXTHOME.CA

creation of 3,000 construction jobs, Fort McMurray is currently enjoying a rebuild economy. But he warns that a cloud of uncertainty surrounding the oil sands industry still makes for foggy projections once projects are complete. “As a property investor, you have to really look at it and make determinations for what you see in the future.”

Besides the economy, DaleJohnson warns of additional roadblocks, including stricter entrylevel barriers set by Canada Mortgage and Housing Corp., such as mandatory requirements making lenders take out mortgage insurance if down payments are less than 20 per cent, and maximizing the amortization period at 25 years.

“That just makes it really tough

for people who, at least up to this point, haven’t managed to access the market,” he says.

Furthermore, if the U.S. starts to hike interest rates, Dale-Johnson believes it won’t take long for the Bank of Canada, holding its overnight rate target steady at 0.5 per cent, to follow suit. The trick, he says, is in the timing.

“If you are to buy now, you’re getting a fairly reasonable price and are probably going to finance it at a rate you may not see again.”

Most realtors suggest people do their due diligence, assess their cash flow and look for deals to minimize the risk involved in investing in Alberta property. “Find a good realtor who knows what he’s doing and he’ll help you out,” adds Godlonton. “The biggest thing? Just do it!”

PHOTO BY KATZ GROUP

MARKET

Trending

10 things to do in Edmonton on a budget

by Gene Kosowan LET’S FACE IT: everyone wants

#7 Live theatre on Tuesday

to stretch their dollars a little further. That usually means cutting entertainment out of the budget.

Fortunately, in Edmonton, you can find some entertainment options that won’t break the bank. Here are 10 activities to keep you amused – and in the black.

Can’t hang with the see-and-beseen crowd on opening night of a much-talked-about theatrical production? See the same show on Tuesday, when most mid-size theatre companies, such as Theatre Network, Northern Light Theatre and Teatro La Quindicina, offer pay-what-you-can incentives.

#10 Alberta Art Gallery The biggest gallery in town is home to some 6,000 collections with three floors of exhibition space. If you want to catch the trendiest exhibit of abstracts or works by some of the best artists in the world and admission is out of your price range, take heart. The AGA lets patrons in for free on the last Thursday of the month, from 6 to 9 p.m. – proof that culture doesn’t cost a lot of coin. #9 Oil Kings at Rogers Place It’s no secret that catching the NHL Edmonton Oilers will cost an arm and a leg. Hockey fans should check out the Western Hockey League’s Edmonton Oil Kings, featuring the next generation of ice-shinny hopefuls in the palatial Rogers Place at prices ranging from $20 to $35 a seat – a bargain compared to Oilers tickets priced as high as $350. Plus, you can root for a home team with a much better winning record!

#8 Pasta Frenzy at Chianti Café It’s almost mandatory to dine at Chianti, housed in the historic post office building, to get into the boho vibe of Old Strathcona.

And, for families, the motive is more irresistible on Mondays and Tuesdays, when prices drop to $9.99 on more than 30 pasta dishes.

#6 Edmonton Eskimos Family Huddle Get in on some gridiron action when the city’s favourite CFL team takes to the field at Commonwealth Stadium and save some green in the meantime. The Esks make it more affordable than ever for families to enjoy pro football by offering the Family Huddle package, with single tickets at $27.50 (playoff seats are $29.50).

#5 Po’ Boys at DaDeO Fans of Cajun-style cuisine frequent this retrostyle Whyte Avenue eatery and swear by the $12 sandwich deal offered Mondays and Tuesdays, which saves you at least 20 per cent on each order.

Choose from blackened chicken, Philly cheese steak or all-veggie from more than a dozen options available.

Your dish arrives on a French loaf with coleslaw, and choice of sweet potato fries, jambalaya rice or potato hash.

#4 Reel Family Cinema Going to a movieplex these days isn’t cheap and there’s always a chance that what you pay to see may turn out to be a box office dud. Thankfully, there’s a way to ensure you catch a classic flick with the family at a cheaper rate.

The Metro Cinema (formerly Garneau Theatre) brings back the old Saturday matinee with classic family films ranging from Annie to Toy Story so

that the brood can experience highcalibre cinema on the big screen in a historic movie theatre.

#3 Free Festival Fun Don’t let an empty wallet disqualify you from enjoying what Festival City has to offer. Some festivals won’t cost you a cent to attend, such as the Kaleido Family Arts Festival in the fall and the Deep Freeze Festival in January, both located on the Avenue of the Arts, with the Carrot Coffee House acting as a hub. Summer fare includes The Works Art & Design Festival, with scores of free art venues and live entertainment on Sir Winston Churchill Square. That’s also where the Edmonton International Street Performers Festival and Edmonton International Jazz Festival trots out its free attractions during its June run.

And in August, you can’t go wrong with the free outdoor entertainment at the Edmonton International Fringe Theatre Festival.

#2 Pizza at Branches Branches Fresh Food Experience in Sherwood Park uses only ingredients that reflect its moniker and on Tuesdays, offers patrons two pizzas for only $25.

#1 River Valley Last but not least, take advantage of the fresh air and natural scenery of Edmonton’s River Valley, Canada’s largest urban park, where at some point’s you don’t even realize you’re in the city. At your disposal are 160 kilometres of hiking and bike trails and 20 parks for picnics, barbecues and get-togethers, as well as facilities for golf, skating and skiing.

This content was originally published on YP.ca. Read more YP travel tips and city guides at yp.ca/tips

THE HARMONY AT BARANOW

Live. Work. Thrive. Play.

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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.

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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

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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