JULY 14 - AUGUST 11, 2017 VOLUME 25, ISSUE 7, FREE
EDMONTON EDITION
THE BEST NEW HOMES IN TOWN Pivot Rethinks Townhome Living
INSIDE THIS ISSUE
SHOPPING FOR A NEW HOME? 5 BENEFITS OF BUYING IN THE ‘BURBS
R&R: ALBERTA’S RECREATIONAL REAL ESTATE RECOVERY
DESIGNER ADVICE: HOW TO LIVE LARGE IN A SMALL SPACE
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
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
6 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. JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 7
We’ve freshened up the place. Coming soon: Edmonton’s best source of real estate information.
Check out our new look in the upcoming issue!
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
Secord Corners Solara at Skyview Stafford Greens Symphony Tower Tessco Incorporated
The Vermillion
www.foxtowers.ca www.grovenormanor.com
Homes by Avi
www.homesbyavi.com
Park Homes
Secord Chalet
www.encoretower.com www.footprintdevelopments.ca
www.landmarkgroup.ca www.langbuilthomes.com www.parkhomes.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!
The Rushes of Southfork The Signature
www.rohitcommunities.com www.secordchalet.com www.secordcorners.ca www.solaraliving.ca www.staffordgreens.com www.symphonytower.ca www.edmontoncondo.com www.brass3.com www.vermillioncondos.com www.rushesofsouthfork.ca www.signatureambleside.com 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
Wake up to your nexthome!
Whether you’re renting or buying, finding your next home has never been so easy.
Have your new home and $10,000 in furniture too!
You deserve all the delicacies that come with building a new home. Build one of our select Coventry Homes models and receive $10,000 in furniture from Visit one of our showhomes to wrap up this limited time offer!
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contents JULY 14 – AUGUST 11, 2017 | VOLUME 25 ISSUE 7
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Editor’s note
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What’s online
Investment property
The pros and cons of an Airbnb investment property By Sonia Bell
42 Neighbourhood profile
24 Finance
Are you financially literate? More than half of Canadians failed test of common financial questions
28 Recreation property
Alberta recreational property sales expected to increase in 2017
12 YPNEXTHOME.CA
JULY 14 - AUGUST 11, 2017 VOLUME 25, ISSUE 7, FREE
ON THE COVER
20
EDMONTON EDITION
A turning point in townhome living at Pivot by Averton
THE BEST NEW HOMES IN TOWN
VICE PRESIDENT & CHIEF PUBLISHING OFFICER
Caroline Andrews PUBLISHER & GENERAL MANAGER
Shawn Woodford DIRECTOR OF CONTENT
Jennifer Reynolds MANAGING EDITOR
Wayne Karl SENIOR EDITOR
Lydia McNutt ART DIRECTOR
Megan Pike
Pivot Rethinks Townhome Living
CONTRIBUTING EDITORS INSIDE THIS ISSUE
32
SHOPPING FOR A NEW HOME? 5 BENEFITS OF BUYING IN THE ‘BURBS
R&R: ALBERTA’S RECREATIONAL REAL ESTATE RECOVERY
DESIGNER ADVICE: HOW TO LIVE LARGE IN A SMALL SPACE
Top list
Sonia Bell Elisa Krovblit
district maps
Top Edmonton hotel restaurants to try
15 Edmonton
By Sydnee Bryant
19 Southwest
advice
23 Southeast
30 News & views
25 Leduc
The sunny side of the suburbs by Lydia McNutt
34 Fundamentally speaking Buying your first home? Four tips to help guide your decision by Wayne Karl
50 Money matters
The lost art of saving by Gail Vaz-Oxlade
27 Sherwood Park 31 North East 33 Fort Saskatchewan
Cosy quarters
John Jenkins PRODUCTION MANAGER
Anthony Majetic Hannah Yarkony Sandra Hanak-Vujnovic
47 South Central
53 Spruce Grove
Designer Yanic Simard reveals how he lives large in a small space
NATIONAL CIRCULATION MANAGER
43 Downtown
36 57
Dwayne Rutherford
GRAPHIC DESIGNER
39 North West
51 West
Style file
SENIOR MANAGER, DISTRIBUTION
PRODUCTION CO-ORDINATOR
35 St. Albert
inspiration Lazy days of summer
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Shelby Biggs 587.357.7402 Natalie Houghton 587.226.1313
PO Box 458. Station Main Edmonton, AB T5J 2K ypnexthome.ca
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
36
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.
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 13
Editor’s Note
Can you afford a mortgage?
LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets
IT LOOKS LIKE RISING HOME PRICES are bringing out the ugly side – or, at least the dishonest side – in some people. A recent report by Equifax Canada noted a 52-per-cent increase in mortgage fraud this year compared to 2013. Equifax’s survey also found that one in five Canadians who do not have a mortgage are worried they’ll never own a home because of rising prices, and want to buy a home but can’t because of the down payment requirement. Here’s another tidbit – 13 per cent of Canadians said a “little white lie” on a mortgage application is okay, if it’ll get you the home you want. To the fibbers out there: aside from committing a crime, by lying on your mortgage application, you’re just kidding yourself. If you weren’t approved for the loan based on your actual finances, then what makes you think that you can afford it? It’s no wonder that the Bank of Canada is waving a red flag about rising household debt and Canadians’ ability – or, more aptly, their inability – to pay up. Here’s a word to the wise: make a budget and more importantly, stick to it! Consider your existing debt, expected mortgage payments, bills, taxes, expenses and lifestyle. Are you secure in your job? What is your five-year plan? Your 10-year plan? What about retirement? Don’t forget to factor in a potential increase in mortgage interest rates, which some experts are predicting sooner rather than later. All things considered, can you afford it? Don’t overextend yourself in the interest of a few extra square feet. You want to live in your home, not for your home.
NEIGHBOURHOOD PROFILE
READ THE STORY ONLINE Downtown Edmonton is in the midst of a transformation into a rapidly growing and vibrant community boasting both a residential and commercial area, and an increasingly diverse and up-beat nature. Read the full story… nexthome.ca/downtown-edmonton
+ get social 14 YPNEXTHOME.CA
Interact with us on social media: nexthome
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 JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 15
16 YPNEXTHOME.CA
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 17
Trending
The pros and cons of an Airbnb investment property By Sonia Bell HOME-SHARING sites such as Airbnb,
VRBO and HomeAway have emerged as popular options for investors and homeowners who wish to rent out their units on a short-term basis. While these sites are viable options for renters, they are becoming increasingly contentious. Some argue that short-term rental sites put more pressure on cities with hot housing markets, as muchneeded rental housing is coming off the market in favour of a short-term rental strategy. Concerns around safety have also been called into question, and hoteliers argue that Airbnb rentals function as quasihotels, but aren’t upheld to the same rules and regulations. The legalities surrounding short-term rentals are complex, and cities are making efforts to examine their implications and how to regulate them. YP NextHome caught up with Kelly Hewitt, a former Airbnb host and founder of 201 Management, a company that manages Airbnb properties on behalf of hosts, to get the scoop on short-term rental properties. Do the benefits of having a short-term rental investment property outweigh the costs and risks? Here’s the list of pros and cons. You be the judge!
The pros: • Flexibility: Short-term rentals allow owners to inhabit their space as needed. • More lucrative: According to Hewitt, “You can double traditional rent…. I was making $4,000 a month on my condo and it was almost guaranteed that I’d always have someone in there.” • Reviews: Hosts can gauge the credibility of guests based on their online reviews. • Host Guarantee: Airbnb’s Host 18 YPNEXTHOME.CA
Guarantee provides protection for up to $1,000,000 in damage. • Less wear and tear: “Airbnb is much easier on your apartment. The guests are usually tourists or business people who generally just sleep there,” says Hewitt. • No renters’ rights: “You don’t need to worry about renters’ rights,” says Hewitt. “If you don’t like the person staying in your unit, you can kick them out easily, without having to go through an eviction process.”
The cons: • Changing regulations: “Nothing is set in stone and you don’t know how the regulations on short-term rentals will change,” says Hewitt.
• Time consuming: Using Airbnb is more time-consuming than having a full-time renter. According to Hewitt, Airbnb hosts “are often on call 24/7.” • High tenant turnover: Units must be cleaned and prepped for new guests often. • Costs: You must budget for cleaning costs. And at tax time, hosts must report and pay tax on their shortterm rental income. • Airbnb rentals can get shut down: “Things can go wrong with an Airbnb property and it’s easy to get shut down – especially in a condo. One of my guests had a party and we had to shut down our Airbnb. We had to get a regular tenant after that,” says Hewitt.
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
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 19 2 color CMYK: 2955PC + 550PC
A Turning Point in Townhome Living at
Pivot by Averton
A NEW TOWNHOME PROJECT in Edmonton’s Rutherford community called Pivot, by Averton, is redefining how people choose to live. “Today’s buyer places a greater value on architecture and building materials than ever before. And that buyer wants to be able to connect to amenities right away, rather than wait for several years before an area gets built up.” says Paul Lanni, President and CEO of Averton. When you drive along the tree-lined streets to arrive at your home in Pivot, you are coming home to soaring spruce trees, and to a space that you call your own. Every home in Pivot has its own front door, driveway and garage. These are things that aren’t usually available in other townhouse projects, but Pivot isn’t like any other townhouse project. Pivot townhomes feature contemporary architecture, and the quality of construction and thoughtfulness of the features pay tribute to that form and the natural surroundings. Floor plans feature openness and 20 YPNEXTHOME.CA
spatial volume, complete with floor to ceiling windows. Homeowners will really appreciated the floor to ceiling windows, rooftop patios, and Averton’s emphasis on privacy. “Our homes are thoughtfully offset from one another in order to provide private access to front door and rear yards,” explains Lanni. Speaking of rear yards, the Pivot collection includes homes with full, private backyards. “You just won’t find these features and natural amenities anywhere else.” Lanni is keen to reinforce that at Averton, design is everything. “We are setting new standards of design in the Edmonton area, with quality at every touch point, yet without sacrificing affordability.” It is hard to contain Lanni’s excitement for this project. “Pivot is so unique from a pure real estate standpoint, and the opportunity to layer on leading-edge architecture and design is very exciting. When we acquired this site, it was about limitless potential. Now that we are in full
swing, it’s about executing to the highest level and creating incredible experiences for our customers.” Pivot is surrounded by mature trees and walking trails in Rutherford, a community that was built almost 15 years ago and that has abundant amenities. Shopping, transit, schools, playgrounds--there is really nothing missing for homebuyers. In fact, recent announcements by both the City and Province will introduce future amenities for the community: the LRT and new hospital are coming to the area in the near future, and that kind of offering really isn’t available in any new development anywhere in Edmonton. Rutherford is also close to the Anthony Henday and Gateway Boulevard, making it perfectly located for anyone who needs to commute downtown or anywhere in Edmonton. The contemporary townhomes range from 1,000 sq. ft to well over 2,000 sq. ft, and include incomparable options like a fourth floor master bedroom retreat, a sky loft or rooftop patio. There are multiple home models and floor plans to choose from, including two, three and even four bedroom options. Full sized kitchens include designer full-depth, soft-close cabinetry, quartz countertops, under cabinet lighting, and full height tile backsplash. Interiors include nine foot ceilings , laminate flooring and large ceramic or porcelain floor tile. One of the most attractive features of the homes is the huge windows and open riser stairs that let in tons of natural light. Homes start in the $280,000s to the $600,000s, and while four showhomes were opened in May, construction for the project is well underway for Phase 1 (which is already 92% sold; Phase 2 has just been released). First occupancies for Pivot are expected in October of this year. Lanni says that the most satisfying part of this project has been seeing Averton’s vision materialize and resonate with buyers. “When people visit our community for the first time, they are drawn in by the soaring trees, wowed by the impressive façades of our architecture and then excited by the innovation found in our showhomes. This is very rewarding for all of us at Averton.” If you’re curious about this project (and why wouldn’t you be?) head down to Rutherford and Pivot’s four unique showhomes and a new sales centre at 1304 Rutherford Rd (just south of Ellerslie Road and between 119 and 120 street). Showhome hours are Monday to Thursday 3pm to 8pm, Saturday and Sunday 12pm to 5pm, and Fridays by appointment. You can also visit averton.ca/pivot or call 780-701-7296 for more information. JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 21
A Whole New Standard in Contemporary Design Question they way you want to live. Design a life you aspire to. Pivot your perspective of home. Pivot’s sophisticated, design-forward homes offer a new perspective on living in the sought-after Rutherford neighbourhood. Rooms flooded with light from floor-to-ceiling windows. Spacious rooftop patios with forest backing views. Fourth-floor yoga studios or master bedroom retreats, with perimeter homes uniquely pivoted for privacy.
It’s a brand-new kind of townhome. It’s how you want to live.
VISIT OUR FOUR SHOWHOMES Located in the heart of Rutherford 1304 Rutherford Road, South of Ellerslie Road & 119 Street
Call 780.701.7296 • pivot@averton.ca
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
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 23
Finance
Are you financially literate? More than half of Canadians failed test of common financial questions THE FEDERAL GOVERNMENT may have a National Strategy
for Financial Literacy, but it still has some work to do. A survey commissioned by LowestRates.ca shows Canadians may be overestimating their financial literacy skills. A majority of Canadians (78 per cent) said they are financially literate, but when tested on their knowledge with a series of questions, nearly six in 10 failed to make the grade. The quiz consisted of 15 true or false questions, and the results suggest that Canadians are especially unclear about terminology concerning mortgages, auto insurance and tax-free savings accounts (TFSAs). Even of those surveyed who passed, most only attained a C or D grade. “Financial literacy continues to be a hot topic and we know it needs to improve, but Canadians need to be honest with themselves about what they don’t understand,” says Justin Thouin, CEO, LowestRates.ca. “For example, the area we found Canadians were the weakest in was mortgages. Considering that buying a home is probably the largest investment of your life, this is a serious problem.” Men were significantly more likely than women to believe they were financially literate – 84 per cent rating themselves as having an “excellent” or “good” understanding, compared to 73 per cent of women. Canadians who rated their financial literacy high were more likely to pass the quiz but even so, fewer than half of them actually passed the test. Baby Boomers (52 per cent) and Gen Xers (45 per cent) were more likely to pass than Millennials (31 per cent). While Millennials were more likely to rate their financial literacy as “excellent,” they were the generation most likely to fail the quiz. The survey showed strong financial literacy correlated with more educated Canadians. Eighty-seven per cent of university graduates describe their financial literacy as either “excellent” or “good,” compared to 77 per cent of those with a high school diploma. “Our financial literacy test is more than just understanding how to balance a cheque book and the questions are based on common questions asked by our site users,” explains Thouin. “There are misconceptions out there, so we want to provide correct information about every day financial decisions like mortgage and car insurance to help people make the right choices.”
MORE TRENDING ONLINE nexthome.ca/news
24 YPNEXTHOME.CA
CHEAT SHEET WHICH QUESTIONS HAD THE HIGHEST FAILURE RATES?
FALSE: A mortgage term refers to the length of time you need to pay off your mortgage (70% got it wrong!)
TRUE: You must pay for government insurance on mortgages when you have a down payment of less than 20 per cent, unless the home is worth $1 million or more (67% got it wrong!)
FALSE: A car that is more expensive always costs more to insure than a cheaper car (67% got it wrong!)
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
JUL 14 - AUG 11, 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.
Sherwood Park 16 Emerald Dr
Co mm o
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Cra n Wa ford y
Sherwood Dr
Broadmoor Blvd
Summerwood Dr
Da vi Dr dso n
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Davenport Dr
Cranberry Dr Dr Crimson
Jim
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Broadw ay Bvld
21
Primrose Bvld Meadowview Dr
Baseline Rd
Granada Blvd
Dr Brentwood Blvd
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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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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 27
Trending
Economic recovery? It’s time for some R&R! Alberta recreational property sales expected to increase in 2017
ALBERTA’S RECREATIONAL PROPERTY market is primed to
witness a recovery, as sales activity continues to gradually strengthen over the coming year, thanks in part to the improving economy. This is according to the 2017 Royal LePage Canadian Recreational Housing Report. Regions across the province saw mixed results, with some reporting year-over-year price increases, while others noted declines. Particularly, regions closest to the major centres of Edmonton and Calgary are seeing a slight upswing, with year-over-year price increases so far in 2017. Meanwhile, markets closer to harder-hit regions, such as Red Deer, have seen slight depreciation. “Market conditions are favourable to buyers in the province’s recreational property segment, with prices having declined or remained flat for the last couple of years
REGION
LAKEFRONT
Canmore
RIVERSIDE
WOODLAND CABIN (NON-WATERFRONT)
$2,750,000
Pigeon Lake
$450,000
Pine Lake
$600,000
Sylvan Lake
$1,000,000
Wabamun Lake & Lac St. Anne
$516,900
28 YPNEXTHOME.CA
during the economic slowdown,” says John Hripko, sales representative, Royal LePage Benchmark. “Buyers are currently recognizing that they’re in the midst of a very opportune time, cashing in on depressed property values while they can. “There is a transition happening,” Hripko continues. “With the economy improving, and consumer confidence strengthening across the province, we expect to see an upswing in demand for discretionary purchases like recreational properties in the near term, which will ultimately put upward pressure on prices.” Of all regions studied, Alberta recorded the highest provincial aggregate price in Canada at $816,700, as a result of the province’s limited availability of lakefront property near major metropolitan areas and a growing level of demand from buyers electing to stay within the province due to current economic realities. Desired lifestyle and vacationing, as well Albertan willing to s are as purchasing the property as an investment, two hours drive were the top-cited buyer motivations for from the away ir purchasing a recreational home. to find th home eir ideal re “There is a perception in the Alberta crea property. tional Fou marketplace that recreational properties is the ma r hours are undervalued,” Hripko explains. “Buyers distance ximum buy willing to ers are purchasing recreational homes believe they drive. are making a sound investment that enables them to capture a piece of the good life. Very little can replace the magnificent experiences and memories a recreational sanctuary away from the city can bring.”
RESORT/CONDO $790,000
$315,000
$242,400
$236,000
CANMORE “With its close proximity to Calgary and stunning Rocky Mountain landscape, Canmore is the ideal recreational property region in Alberta, which is strongly reflected in the area’s high price point,” says Brad Hawker, broker and owner, Royal LePage Rocky Mountain Realty. “The Canmore market remained remarkably resilient through the recent energy downturn. Home prices have increased in the last year and sales activity levels have remained stable, with demand only continuing to rise as both local and international buyers are drawn to the area’s many stunning attributes.”
local economy is now being felt and we are expecting to see an upswing in sales volumes by year-end when compared to 2016 levels.”
SYLVAN LAKE “Property values in Sylvan Lake have decreased slightly year-over-year in the wake of the recent energy sector downturn and additional inventory is coming onto the market,” says Ted Iverson, sales representative, Royal LePage Network Realty. “It is a good opportunity for buyers to explore one of the most sought-after recreational property markets in the country, while market forces are temporarily kept in-check.”
PIGEON LAKE “Sales activity in Pigeon Lake is starting to pick up, driven by the improving Alberta economy and buyers purchasing properties for retirement in what is one of the province’s more affordable recreational markets,” says Barbara Howey, broker and owner, Royal LePage Parkland Agencies. “With each passing year, the ratio between available inventory and interested buyers slightly declines, gradually giving way to stronger market conditions.”
WABAMUN LAKE & LAC ST. ANNE “Property prices in Wabamun Lake and Lac St. Anne have seen year-over-year increases, as demand for the relatively affordable properties in the region continues to outstrip limited supply,” says Tom Shearer, broker and owner, Royal LePage Noralta Real Estate. “Favourable prices have brought a flurry of interest to this market, however, there is very little turnover in the region, as families are holding on to their irreplaceable properties.”
PINE LAKE “Due primarily to economic uncertainty, home prices and sales activity levels in Pine Lake have decreased slightly year-over-year,” says Dusty Smith, associate broker, Royal LePage Network Realty. “However, an improvement in the
MORE TRENDING ONLINE nexthome.ca/news
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 29
Advice | NEWS & VIEWS
The sunny side of the suburbs By Lydia McNutt
MORE ADVICE ONLINE nexthome.ca/news/advice
I BECAME A SUBURBANITE a few years
ago, and I continue to be pleasantly surprised by my community and everything it has to offer. Here are a few things that I didn’t expect, but have happily embraced, by buying new in the ‘burbs. Everything’s new Okay, this one’s obvious, but let me repeat: everything’s new. Your new home comes with a new roof, windows, appliances, heating, plumbing and electrical systems. Nothing requires repair or replacement at your cost, thanks to the warranty that comes with a new build. (Editor’s note: Warranty providers vary by province.) This benefit extends beyond the home itself. The infrastructure all around me is new – I can’t remember the last time I landed in a pothole in my neighbourhood. Highways, streets and sidewalks, retail, public transit stations, sewage, water and electrical systems – all new. The schools, parks and community centres are all state-of-the-art facilities that impress me at every turn. My kid’s skating arena, for example, has three NHLsized ice pads, 20 change rooms, two community rooms, two shooter
pads, theatre-style seating for 1,500, and an upper-level viewing gallery – complete with a Starbucks and a pub. Cheers to that! Greenspace galore! Urban developers do their best to incorporate greenspace wherever and whenever they can, such as rooftop gardens. But you’ll be hard-pressed to find too many urban homes that back onto designated greenspace, let alone afford and actually snag one. Meanwhile in the suburbs, my whole town is planned around a system of pathways, parks and forests, just steps from my door. Park it here – or anywhere A chat with a downtown-dwelling colleague revealed her frustrations at grocery shopping in her neighbourhood, which regularly involves fruitless efforts to find a nearby parking spot, and ultimately lugging bags of groceries to her car that’s parked nowhere in the vicinity. As a suburbanite, I never have trouble finding a parking spot. Ever. However, this also speaks to the fact that a suburban lifestyle is typically a car-dependant one, with two cars parked in virtually every driveway. We’ve got affordability! Prospective homebuyers in hot housing markets are increasingly looking to the suburbs in search of affordability – however, the gap is getting smaller. Canada Mortgage and Housing Corp. recently reported that housing prices in cities such as Vancouver and Toronto are spreading
The infrastructure all around me is new – I can’t remember the last time I landed in a pothole in my neighbourhood well beyond the city borders. That being said, some things are still cheaper in a newer community, such as my property tax, daycare, and home and car insurance. On the down side, my car and commuting expenses have increased in the suburbs, and some argue that groceries and entertainment are also pricier – though I haven’t seen evidence of that myself. Family-minded folks Downtown living has changed to accommodate families seeking urban convenience, but the suburbs continue to be a hot spot for families who still want the square footage, yard and white picket fence. Ultimately, the decision between city and suburbs depends on your needs and preferences, your budget, your current lifestyle and future plans. Suburban living isn’t for everyone, but I’m sure glad I made the move. Lydia McNutt is an award-winning writer and the 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 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.
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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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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 31
Top list
Edmonton hotel restaurants that exceed expectations By Sydnee Bryant
Hotel restaurants usually fall into two camps: those that only a hotel guest would dine at, and those that draw people from all over. These Edmonton hotels house restaurants that have established themselves as dining destinations that are well worth the trip, even if you aren’t staying at the hotel. RIC’S GRILL & LOUNGE 403 11 Ave., Nisku The Four Points by Sheraton hotel, located at the Edmonton International Airport, is home to Ric’s Grill, a topnotch restaurant that’s definitely worth trying. It’s become a destination for all kinds of people – even those who aren’t flying in or out of the airport. At lunch, they offer a buffet with a wide variety of cuisines. By evening, enjoy one of their perfectly cooked steaks. Plus, the bar has a ton of televisions, so it’s great for watching a game.
WILDFLOWER GRILL 10009 107 St. NW, Edmonton I once had dinner at Wildflower for a friend’s wedding stagette. It was one of the best meals I’ve ever had, not to mention the fun, fancy cocktails! We were all so full that we almost didn’t want to go out dancing afterward. We wanted to bask in the glow of our oh-so-spectacular meal. The steak is phenomenal, the service attentive, and the atmosphere is best described as “evening elegant with a splash of sparkly excitement.”
MADISON’S GRILL 10053 Jasper Ave. NW, Edmonton The menu at Madison’s Grill changes with the seasons, as they try to use as many local ingredients as possible. If the entire table is in an adventurous – and trusting! – mood, they can opt for a six-course “culinary adventure” that the chef creates as a surprise. The a la carte menu is heavy on seafood but it is Alberta after all, so beef has a place on it, such as the Guinness beerbraised beef.
CHOP STEAKHOUSE & BAR 10111 Ellerslie Rd. SW, Edmonton Located next door to the Sandman Hotel, Chop Steakhouse & Bar draws travellers and locals alike. The restaurant is known for its steaks and seafood, but they also have a classy bar that’s great for hanging out with friends. Whether you go for top sirloin, filet mignon or New York striploin, the Chop experience is always satisfying. Any meal here should be wrapped up with the fallen chocolate soufflé — it’s to die for, completely.
THE FAIRMONT HOTEL MACDONALD 10065 100th St. NW, Edmonton The Confederation Lounge is one of the most elegant rooms in arguably the fanciest, most la-dee-da hotel in Edmonton. The lounge is always full of not only hotel guests but business-folk making deals over Old Fashioneds and martinis. But don’t get the wrong impression; the lounge may be fancy but it’s also warm and homey, like your richest friend’s library.
THE WESTIN EDMONTON 10135 100 St. NW, Edmonton There’s never a shortage of tables. The lobby lounge area is slightly more casual, while the formal dining room comes complete with fireplaces and white linen table cloths. The menu is full of playful trendy takes on fancy dishes, such as duck poutine (duck confit, black pepper jus, cheese and garlic on fries – yum!) and buttermilkfried chicken atop a pecan agedcheddar waffle with Dark Horse whiskey maple syrup.
This content was originally published at YP.ca. Read more YP travel tips and city guides at yp.ca/tips 32 YPNEXTHOME.CA
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
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94 Ave
St 82
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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
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112 St
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99
e Av
85 Av e
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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
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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 33
Advice | FUNDAMENTALLY SPEAKING
Buying your first home? Four tips to help guide your decision lawyer fees, land transfer taxes, utilities, insurance, and home inspection and appraisal fees and insurance. All of these costs add up, and ultimately should factor into your overall home-shopping budget.
By Wayne Karl
MORE ADVICE ONLINE nexthome.ca/news/advice
3. Where do you want to live? This question is becoming more important for a number of reasons, though influenced primarily by where you work, how much of a commute you want and whether your transportation options include mass transit or only driving. Indeed, proximity to mass transit is something more and more people are looking for in their new home location. It may not be as simple as choosing to live in the city, suburbs or a small town.
WHEN YOU’RE BUYING YOUR FIRST
home, you are sure to be filled with many important questions. How much can you afford? How much will it cost? Where do you really want to live, and can you afford the area? And, finally, what type of home do you want? The answers are very individual and depend on your situation – from the amount of your down payment, to where you work, to whether you have kids, to other personal circumstances. For your enjoyment while you live in your home, as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your property’s appeal, and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your home has when you go to sell, the more attractive it will be to a greater number of people. While experts suggest you take a long-term view when buying a home, it’s also important to not look too far down the road. Let’s be honest, your first home may not be your dream home, and your needs and desires are sure to change throughout the various stages of home ownership. While the answers to the above questions are specific to circumstances, there are also some common guidelines you can follow. 34 YPNEXTHOME.CA
1. How much can you afford? Experts agree it is never a good idea to make yourself housepoor, and it is a very common mistake, particularly of first-time buyers, to buy more home than they can really afford. Meeting with a mortgage broker or your banker will help determine your full financial picture, assessing everything from your credit rating to how much you have saved for a down payment. Experts also suggest you “stress-test” your plan to see how well you could cope with higher mortgage payments brought on by rising interest rates. 2. How much will it really cost? Another common homebuyer mistake is not being prepared for all the closing costs involved:
4. What type of home do you want? Once you have determined your options for cost and location, you can then assess what types of homes are available in your price range and desired neighbourhood: Single-family detached, semidetached, townhome, duplex or condo? So many questions, so many choices. The good news is, home builders today are in sync with customer preferences for location and amenities, and with market realities with regard to pricing and needs for energy efficiency. Your options for new-home product have never been better.
Wayne Karl is an award-winning writer and editor with experience in real estate and business. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at twitter.com/WayneKarl.
St. Albert ros e Dr.
Keil lor Dr.
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e. Poirier Av
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167 Ave.
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156 St.
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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
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n eo rg Stu
5 inston W
er Riv
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ve. yA enn K c M
ron Per
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TO MORINVILLE
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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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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 35
Inspiration
LAZY
DAYS OF
LIVE IT UP, OR LOUNGE DOWN WITH THESE
WARM-WEATHER ESSENTIALS!
Crosley Turntable $99 crosleyradio.com
Absolut Vodka Canada 150 Limited Edition Bottle by Libs Elliott $28 absolut.com
Palm Plates & Platters $3-$12 walmart.ca
Glass Beer Pitcher and Matching Beer Tumbler pitcher $33, tumbler $10 cb2.ca
Brew North 1 Gallon American Pale Ale Kit $48 brewnorth.com
Raskog Bar Cart $35 ikea.ca
The Bear Chair Company White Pine Muskoka Chair $147 (delivered) lowes.ca
Pineapple Swizzle Sticks $15/set of four crateandbarrel.ca
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 37
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!
North West Edmonton City Boundary 176 Ave. Castle Downs Rd. 167 Ave.
127 Ave. ss . ce ve rin h A
P bet Kin gsw liza ay E Ave .
109 St.
124 St.
142 St.
156 St.
Rd .
170 St.
7 132 Ave.
111 Ave.
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178 St.
184 St.
149 St.
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199 St. 215 St.
il Tra ert Alb St.
l Trai ead ow h l l e Y 118 Ave.
5
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11 13
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8
2 1424Ave.
150 Ave.
9
162 A ve.
127 St.
153 Ave.
148 Ave.
Cam pbell 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
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JUL 14 - AUG 11, 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
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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 41
Neighbourhood Profile
Downtown Edmonton By Sonia Bell
Fast facts Average household income
$65,330
Family structure
SINGLES
COUPLES
FAMILIES
58%
34%
8%
Own vs. rent
71%
RENTERS
MORE PHOTOS ONLINE nexthome.yp.ca/downtown-edmonton
29% OWNERS
encompasses the area from River Valley north to 105 Avenue, and from 97th Street in the east to 110th Street in the west. With a number of new developments underway, Downtown Edmonton is in the midst of a transformation into a rapidly growing and vibrant community boasting both a residential and commercial area, and an increasingly diverse and upbeat nature.
Meet the neighbours The downtown area hosts a diverse crowd. The neighbourhood attracts young professionals and students in their 20s who wish to live near work and school, while at the same time enjoy nearby restaurants and pubs in a true live-work-play lifestyle. Artistic types are drawn to the art district, comprising a musical theatre, theatre school, galleries and museums that attract and inspire creative thinkers.
The vibe Downtown Edmonton epitomizes versatility. The area offers trendy shops and boutiques, beautiful views and landmarks. It’s a financial hub for the city. It has a sense of vibrancy that is continually on the increase, and hosts many festivals right in the heart of downtown, contributing to the neighbourhood’s vitality. There is an obvious sense of excitement and anticipation for some of the new developments taking place.
Planes, trains and automobiles There are five light-rail transit stations throughout downtown, and buses that stop at malls, major attractions and office buildings. There is also a 13-kilometre indoor pedway system that links to major shopping centres, restaurants and the movie theatre, so you don’t have to brave the cold winter weather. The ‘vroom’ service is a direct shuttle bus to West Edmonton Mall, the largest mall in North America.
DOWNTOWN EDMONTON
42 YPNEXTHOME.CA
Top beer brand
25%
ALEXANDER KEITH’S
SOURCE: ENVIRONICS
Real estate The real estate market in Downtown Edmonton has grown rapidly over the past few years, and there is a particularly high demand for residential real estate. Similar to many downtown neighbourhoods, the average cost of living downtown is greater than that of areas further away from the city core.
Downtown Edmonton 118 Ave.
10
Jasper ve. A 100 Ave.
106 St.
Victoria Park Rd. Rive rVa lley Rd.
7
3 97 Ave.
KINNARD RAVINE
d. dR n w la Ro St. 92
9 14 2 1 6 5
100 St.
102 Ave.
8
105 St.
13
104 Ave.
101 St.
109 St.
116 St.
124 St.
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142 St.
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4
11
t. 95 S
12
104 Ave.
Kin gs wa yA ve .
. 97 St
144 St.
111 Ave.
82 St.
112 Ave.
111 Ave.
LO W LEVEL BRIDGE JAM ES M cDO NALD BRIDGE
DAW SO N BRIDGE
Bellam y Hill HIGH LEVEL BRIDGE 105 ST BRIDGE
MAP LISTINGS
1 THE ULTIMA
North Saskatchewan Riv er
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 BY ROCKWOOD PROPERTY MANAGEMENT
9704 - 106 St. 4 THE VERMILLION BY REDLEAF PROPERTIES
10611 – 116 Street 5 ICON BY LANGHAM DEVELOPMENTS
Jasper Ave., North of 104 St.
8 GROVENOR MANOR BY PELHAM MASTER BUILDER
10126 – 144 Street 9 THE LEGENDS BY ONE PROPERTIES / KATZ GROUP REAL ESTATE
104 Ave. & 102 St. 10 PEARL BY REGENCY DEVELOPMENTS
Jasper Avenue & 119 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 PARK AVENUE BY WESTRICH PACIFIC
11303 105th Avenue 14 SKY RESIDENCES AT ICE DISTRICT BY ONE PROPERTIES / KATZ GROUP REAL ESTATE
103 Ave. & 102 St.
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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 43
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 brandnew, 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, welldesigned suites maximize living space and promise stylish functionality. • Summer 2017 occupancy • Spacious 2- and 3-bedroom units still a vailable on various floors • 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 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.
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 fully occupied Fox One and nearly completed Fox Two.
Select condos remaining, call or register for appointment
www.foxtowers.ca | 780.425.0369
45
South Central Edmonton North Saskatchewan River
84 St.
90 Ave.
9 77 Ave.
76 Ave.
71 St.
75 St.
Co
n 7 nors 2 Rd.
83 St.
1
99 St.
103 St.
104 St.
Whyte - 82 Ave.
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
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. 6 STUDIO ON THE HILL BY I4 PROPERTY GROUP
9859 – 90th Ave
8 WILLIAM OFF WHYTE BY GREENVIEW DEVELOPMENTS
83rd Ave. and 109th St. 9 WEST RITCHIE 80TH AVENUE BY BRASS3
9919 - 80th Avenue
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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 47
Canadian
PROPERTY INVESTOR
Pick up a copy of the FALL 2017 issue or read online at canadianpropertyinvestor.com
Find your next investment with exclusive real estate opportunities, insider insights and expert tips designed for the savvy investor.
Advice | MONEY MATTERS
The lost art of saving By Gail Vaz-Oxlade
MORE ADVICE ONLINE nexthome.ca/news/advice
DESPITE ALL MEDIA warnings, financial planners’ tut-tutting and the popularity of books such as David Chilton’s The Wealthy Barber, which made its fame telling a simple story – “Save 10 per cent” – we are a spendthrift bunch. We haven’t always been. We saved 10 per cent or more for 20 years, from 1973 to 1993 – more than enough time to have established the habit. Our savings rate reached a peak of 18.5 per cent in 1982 (in our enthusiasm, did we overdo a good thing?), we bounced around the 10-per-cent mark for about a decade, and then in 1993 we began our great slide. By 1999 we’d hit a low of 3.6 per cent and in April of 2007, we finally made it into negative territory: our savings rate was -1.4 per cent. Yes, we were officially spending more money than we were earning. Negative 1.4 per cent is a long way off 10 per cent, and an even longer way off the RRSP contribution limit calculation, which is based on putting aside 18 per cent of earned income. You could blame our higher taxes and you’d be somewhat justified. Taxes as a percentage of our total incomes rose from 18.43 per cent in 1973 to 23.9 per cent in 1999. But you would also have to take a close look at our spending habits. What we spend on goods and services has gone up steadily since 1982. And we’ve availed ourselves of more credit. Liabilities – what we spend on our credit cards, loans, mortgages and the like – rose from 0.67 per cent of our annual income in 1982 to over 4.9 per cent in 1999. 50 YPNEXTHOME.CA
Consumer credit – the money we borrow to feed our passion to consume stuff – makes up a big chunk of that, as it rose from -.06 per cent in 1982 to 1.34 per cent in 1999. And according to a report entitled Canadian Economy: Personal Savings Rate by Industry Canada, in 1998 total accumulated debt per household in Canada was equal to 114 per cent of after tax income. Whew! How could we possibly save anything when we’re spending more than we’re making servicing our debt? These figures seem to fly in the face of most of the predictions for how the baby boomers will behave as they age. In Boom Bust and Echo, David Foot asserted: “When you are young, you are a borrower. In your 40s and 50s, you are trying to build a nest egg for retirement.” Financial advisers are standing by, holding their breath, waiting for the money to come pouring in as boomers hit
their peak earning years. Yet since 1993 as we watched the first of the baby boomers turn the corner to middle age, Canada’s savings rate has plummeted despite a healthy economy, low inflation and more being written about money than ever before in history. So why aren’t we saving? It really doesn’t matter what reason we give – too much debt, high cost of living, taxes – the real reason we aren’t saving is because we’ve forgotten how important it is to save. Perhaps the gloomiest part of the savings picture is the legacy we are leaving our children. Not only are we teaching them how to be avid consumers: spending their money on everything from trading cards at $5 a pop to horrendously expensive video gaming toys; we are, by omission, teaching them not to save. And we’re …continued on page 52
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
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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 51
…continued from page 50
willing to allow credit purveyors to entice our children into a world of debt with nary a lesson on how to keep a balanced financial picture. For while credit card companies wouldn’t dream of issuing a credit card without an adult meeting significant credit criteria – they’d have to have a job, for example – students in university are assaulted by easy credit, making it easy for them to dig debt ditches they must subsequently struggle out of. Why save? Saving gives us a sense of security and mastery over our finances. As our savings grow – be they in a run-ofthe-mill savings account or invested in equities – we can take pride in our sense of discipline and increased ability to weather a storm. The more we’ve accumulated in savings, the harder those savings work for us. It can be truly rewarding to see substantial sums of money generated solely by our savings. Saving takes us closer to our goals. It also creates a strong sense of independence by putting us squarely in a position of control. We have the resources to cover unexpected expenses without incurring debt at high rates of interest. We have the flexibility to take advantage of investment opportunities as they arise. We can change jobs, change homes, change countries without the sense of anxiety that comes from existing paycheque to paycheque. How to save This is the area in which we are the most confused. If we sock away $5,000, $10,000 or $15,000 a year in a retirement savings plan, we’re doing a great job of saving, right? Well, not exactly. If we had to borrow the money to make that RRSP contribution, we won’t actually have saved a nickel until that loan is paid off. And if we put $2,500 away in an RESP for Junior and then upped our line of credit balance by a similar amount, we haven’t saved a cent. 52 YPNEXTHOME.CA
To actually save a dollar you have to take that dollar out of your cash flow. Putting it in a GIC and then spending it on a credit card doesn’t count. You must make the commitment that current expenditures will not exceed current income. You’ve got to spend less money than you make. The you-don’t-have-to-thinkabout-it way of saving is to use an automatic debit from your chequing account to your savings account, so the temptation to spend the money is removed. Yes, it’s a bit of a headgame to trick yourself into saving. Not everyone is a born saver, after all. Some people must play the game to achieve their goals. Back to David Chilton’s The Wealthy Barber: the advice was sound in this short-but-sweet bestseller. Basically it boiled down to pay yourself first, put savings in a separate account, and be consistent. If you wait to see what’s left over after your expenses, you’ll be justified in not saving because you won’t have much left. That’s the way it is with money. Smart savers do it the other way around. The take the money they want to save and hide it before they can spend it. Sure, it may mean cutting back a little, but that usually doesn’t hurt as much as most people think it will. This all sounds like pretty basic information – nowhere near as exciting as a discussion of the stock market, technical analysis or long-term projections for the
economy. But as simple a concept as saving appears to be, it’s the one that is being missed. And if you’re not talking about saving at home, there’s little to motivate your child to develop this life-long habit. Start talking about it. Teaching children to save One of the most effective ways of motivating a child to get into the savings habit is with a savingsmatching program. You match every dollar your child saves with a dollar of your own. “Molly, here’s the deal. If you can save $100 by Christmas, I’ll match that amount so you can begin investing.” If watching your money grow in a savings or investment account doesn’t turn you on, you’ll have to find some other motivation for saving. How about this: Just for one moment be a pessimist. What if you lost your job, got sick or smashed up your car? Those are all good reasons to save. So is putting aside enough so you don’t have to depend on anyone else – be it the government or your children – to take care of you when your days of heading into the mines are over. *All figures based on Statistics Canada National Economic and Financial Accounts unless otherwise stated. Gail Vaz-Oxlade is the host of Til Debt Do Us Part and author of Debt Free Forever and blogs daily at gailvazoxlade.com
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
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JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 53
SUCCESS OF EDGEWATER VILLAS PROMPTS LAUNCH OF SECOND PROJECT BY HEATHER RYAN
IF YOU’VE REACHED THAT STAGE in life where your kids are grown and you desire a maintenance-free lifestyle giving you freedom to relax, play and travel without comprising on luxury, space and style then you’ll want to visit EdgeWater Villas in Spruce Grove. Created by Lang Built Homes, EdgeWater Villas is an exclusive adult community comprised of 26 estate bungalow villas providing an outstanding opportunity to slow life down, enjoy a lock-it and leave-it lifestyle and connect with other people with similar interests. Designed with empty nesters, snowbirds, and baby boomers in mind
54 YPNEXTHOME.CA
these upscale semi-detached homes have proven so popular that just one model – a 1,308-sq.-ft. Cambridge – is available prompting the builders to launch another phase directly across from this successful project. “The first location was very desirable and the response was so tremendous that we’ve decided to do an Edgewater Villas II and this next development’s location is outstanding as well,” says Klint Langstaff, owner of Lang Built Homes with wife Tamara. “This second project will also include 26 villas offering the same quality, features and design as the first. “What people love most about these
villas is the lifestyle, which gives them the freedom to travel,” he says. “They also love that we can custom build to suit their needs so with this likely to be the last home they’ll have we can make their dream happen…they’re a great investment.” EdgeWater Villas present fabulous curb appeal with long driveways, frontattached 20- by 24-ft. garage, huge front veranda where you can relax and greet neighbours and beautiful landscaping. Inside, double French doors open to a den/bedroom off the foyer with an open kitchen, dining and great room as well as master bedroom all at the rear of the
Adult Living at it’s Finest home and offering expansive windows to take advantage of the park views and create a bright and grand feel. The well-appointed features include premier ¾-inch engineered hardwood and tile floors, granite countertops throughout, large kitchen highlighted by a 9-ft. island with bar seating, pantry and tile backsplash incorporating little windows letting in more natural light, main-floor laundry and spacious master bedroom with walk-in closet and inviting ensuite with soaker tub, dual sinks and walk-in shower.
decks (walkouts have covered patios), and park and/or water feature views. EdgeWater Villas is conveniently located in Harvest Ridge close to pathways, shopping and easy access to major highways. Along with the Cambridge there are two other models – 1,230-sq.-ft. Windsor and 1,417-sq.-ft. Balmoral – and all three come with finished basements that adds more than 850 sq. ft. to the space and includes a rec room and two more bedrooms. The rear of the home features covered
For more information, visit the showhome at 17 Harvest Point, open Monday-Wednesday 3-6 p.m., Thursday 3-8 p.m., weekends 12-5 p.m. (closed Fridays and long weekends), or call 780-722-6496 or 780-700-9225, or visit www.langbuilthomes.com.
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 55
It’s NEW… And It’s OPEN!! 17 HARVEST POINT, Spruce Grove
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.
GREEN SPACE 21.88
16.79
57
12.27
12.40
12.12
2
11.8
0
12.1
.00
7
7.0
30
7
12.12
12.16
12.31
12.15
12.14
BLOCK 16 12.17
12.17
12.16
37
12.16
35.49
38
37.07
39
36.80
36.94
36.01
12.17
40
36
12.17
35
36.05
12.17
41
11.04
34
12.16
40.05
12.22
42
34.13
20.22
43
36.25
44
36.98
7
0
45
.86 19 7.54
12.4
12.3
38.8
3
9.4
9.43
6.83
12.5
2 16.2
8
11.04
HOLD AVAILABLE LOTS
40.05
34
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.
2
34.69
3
9.48
12.83
9
6.3
60
12.15
36.86
EN CE60
23.8
58
0
56
59 12.16
36.81
8
12.1
30 .0
55
.42
12.6
13.30
8
11
7.0 0
47
54
12.10
34.94
8.27
12.10
37.03
34.18
37.94
0
7.0
12.10
34.41
38.32
53
1
48
12.13
K 16
7.00
24.33
2
52
.1
38.14
23.8
12.13
BLOC
51
37.06
36
2
7.13
38.5
6
.7
18
50
34.21
12.13
49
36.11
2.40
1
.6
22
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!
6.2
8
ONLY
56
Please call for more information 780.700.9225 | 780.722.6496 17 Harvest Point www.langbuilthomes.com
Inspiration | DESIGNER ADVICE
COSY QUARTERS Designer Yanic Simard reveals how he lives large in a small space By Sara Duck | Photos by Brandon Barre
JUL 14 - AUG 11, 2017 | NEW CONDO GUIDE 57
TEXTILES throughout the home by Robert Allen. Visit robertallendesign.com; DRAPES by Drapica. Visit drapica.com; SOFA BED by Re-Wrap Custom Upholstery. Visit rewrap.ca; CUSTOM LAMINATE FOLDING SCREEN by Abet Laminati. Visit abetlaminati.com
THE OLD ADAGE IS TRUE – good things really do come
black, white and grey accented with hues of mossy green,
in small packages! Case in point, designer Yanic Simard’s
brown and baby blue, and unexpected hits of gold and
impeccably decorated 640-sq.-ft. two-bedroom Victorian
chrome creates a truly interesting dynamic.
suite. While many people think bigger is better when it
Of course, one of the biggest challenges when
comes to owning real estate, Yanic saw the immediate
decorating and living in a smaller space is storage. Simard
potential in this cosy gem and set out to prove that you can
insists that storage throughout every room
live large in a small space. “Choosing a home with a good layout is key to designing a space that feels bigger than it actually is,” says Simard. The quaint home he chose boasts big appeal with 10-
is essential to keeping a chic abode. So he came up with creative solutions to maximize space in his small quarters. Solutions such as a polished chrome armoire in the den/guest room, that works as a
and 11-ft. vaulted ceilings, eight-ft. doors and oversized
stylish piece and can also accommodate a guest’s
baseboards – elements that helped kick-start his overall
personal belongings.
design inspiration. When it came to establishing the flow of
Hidden storage under the sofa in the living room,
the house, Yanic’s eclectic style shines throughout the space
closet organizers in the bedroom, and a stainless steel
with mid-century design elements mixed with antique, Art
cart in the bathroom all provide extra storage and
Deco and ’70s influences. A sophisticated colour palette of
diminish the look of clutter.
58 YPNEXTHOME.CA
GET THIS BEDROOM
03
LOOK FOR LESS! 01 02 04 01 Colette Queen Size Bed. $1,899. Visit crateandbarrel.ca 02 Chive Plush Pillow. $20. Visit pier1.com 03 Melodi Pendant Lamp. $10. Visit ikea.ca 04 Athena Rectangular Silver Mirror. $400. Visit bowring.com
Finally, to make his small space feel comfortable, luxurious and complete, Simard opted for a variety of interesting fabrics from linen and silk to velvet and chenille. These fabrics appear in different aspects around the home from curtains and pillows to furniture and rugs. While decorating a small space may seem like a daunting task, Simard claims, “A good and wellplanned furniture layout is key to a sophisticated environment.” So, if you have a petite pad, get planning and you too can live large in a small space!
Yanic Simard is the principal designer of TIDG. Specializing in residential and commercial projects, Simard often applies his signature high/ low and old/new combination design techniques in developing unique designs. Simard has created designs for clients in North America and is a recurring design expert on Citytv’s CityLine.tidg.ca
THE HARMONY AT BARANOW
Live. Work. Thrive. Play. A home for your family and your dreams.
FROM
169,900
$
including parking
FREE LIVING FOR ONE YEAR No Property Tax, No condo fees and No mortgage payments Some restrictions applied
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 7 appliances Soft-closing kitchen & bathroom cabinetry. 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. • Water and hail resistance exterior (Metal roof, Hardy board and stone exterior)
theharmony.ca