DEC 30, 2016 - JAN 27, 2017 VOLUME 24, ISSUE 14, FREE
EDMONTON EDITION
At
Quality Comes First SEE INSIDE FOR OUR AMAZING INCENTIVES! vipliving.ca
INSIDE THIS ISSUE
TOP NEWSMAKERS OF 2016 FOR THE HOMEBUYER IN 2017
HOW TO SAVE FOR YOUR DOWN PAYMENT FASTER
STYLE FILE: NEW YEAR CUPPA CHEER!
UNDER NEW
MANAGEMENT A GEN U I N E SENSE OF COM MUN I T Y The character of a community is a reflection of its residents and how they come together as friends and neighbours. Heritage Creek is an Active Adult community in Spruce Grove ideal for snowbirds, empty nesters and retirees. Sign up for our Community Newsletter at HeritageCreek.ca to
Open January 2017
receive news and updates for the Heritage Creek development.
HeritageCreek.ca
E M TH FRO ’
$
s 250
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
• Spacious Open Floor Plans • Vaulted Ceilings • Finished Basements
• Granite Countertops • Custom Cabinetry • Hardwood & Ceramic Flooring
• Exclusive Location • Finished Basements • 6 Appliances • Spacious Floorplans
• Hardwood And Ceramic Floors • GST Included
EW
N W SHOME PEN HOO WO N
VILLAS AT LACOMBE PARK 31 Legacy Terrace, St. Albert 780.903.2465 LacombePark.ca
L EA ID TION OC A L
RIVERS EDGE VILLAS 3090 Cameron Heights Way, Edmonton 780.554.8342 TheRiversEdge.ca
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
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 5
POWER PLAY. Active families understand the importance of a living room you can play in. This is why we design our homes for how you live and move. Our floor plans are created with versatility in mind, whether you need space for yoga, board games or a birthday party. Take advantage of Averton POWER and find a home that fits your style of fun.
PUTTING OWNERSHIP WITHIN EASY REACH.
Averton is giving you POWER. Averton POWER will help you own a home that is within your financial, emotional and lifestyle needs. We will work with you to build a plan that is easy to understand, and even easier to fulfill. To find out more about Averton POWER visit averton.ca/power.
llin
w No
Se
POWER TIP You’ve got great style, now here’s a way to get the most out of it. Speak with your builder about how you can tailor your home’s interior design to match your personal style. With the right investment and creativity, almost anything is possible.
g
REDEFINING TOWNHOME DESIGN.
Two to four bedroom townhomes from the mid $200s to over $600,000.
1304 Rutherford Road Ellerslie Road & 119 Street
Call 780.701.7296 pivot@averton.ca
n
pe
O me
o
h ow
Sh
QUICK POSSESSIONS WITH NO CONDO FEES.
Two and three bedroom townhomes from the $300s.
No
Co
o nd
4003 Blackbird Link 137 Avenue & 199 Street
Call 780.638.0176 starling@averton.ca
es
Fe
QUICK POSSESSIONS NOW AVAILABLE FOR ALL HOMES.
539 Chapelle Drive
Showhome now open. Two and three bedroom townhomes starting in the $300s.
Call 780.638.5873 creekwood@averton.ca
28 Avenue & 141 Street
Get in touch with one of our New Home Professionals to start exploring our showhomes and presentation centres.
Only new home sales are eligible for POWER benefits. POWER benefits are subject to change at any time. See a new home professional for details. Prices and specifications are subject to change without notice. E. & O.E.
averton.ca
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
no condo fees. You had me at
Only
10
s townhobmlee availa
Enjoy the simplicity of townhome living with single family home details including:
Double Detached Garage
•
6 Appliances
•
Landscaping
•
Basement Rough-In
all with the freedom of no condo fees. Now building in Laurel Crossing, with a new school and community lake, right in your backyard.
Purchase today and receive $500 every month* you wait to move into your new townhome! Visit our showhomes or coventry-homes.com for more details.
* See Area Sales Managers at any of our showhomes for more details.
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!
Read the digital issue on
Available at these locations: • YP NextHome street boxes
• Airport lounges • Transportation hubs
• Newspaper insertions
• Street retail racks
• Select hotels
• Direct mail
contents DEC 30, 2016 – JAN 27, 2017 | VOLUME 24 ISSUE 14
38
NEWSMAKERS OF 2016 + online NEIGHBOURHOOD
HOME SEARCH
MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING
WITH
DYNAMIC MAPS
LOOK FOR THE CIRCLE
homebuyers’ resources
trending
9
18
Web Directory
in every issue
14
Editors’ Note
20 Neighbourhood Profile 48 What’s Online
CHBA-Edmonton Region
Canadian Home Builders’ Association – Edmonton Region introduces new president
22 Economy
Rising household debt a key vulnerability in Canada by Lydia McNutt
VICE PRESIDENT & CHIEF PUBLISHING OFFICER
Caroline Andrews PUBLISHER & GENERAL MANAGER
Shawn Woodford DIRECTOR OF SALES
Moe Lalani SENIOR MANAGER, CONTENT
DEC 30, 2016 - JAN 27, 2017 VOLUME 24, ISSUE 14, FREE
Jennifer Reynolds
ON THE COVER
SENIOR SALES MANAGER, ALBERTA
Shelley Balla
VIP
EDMONTON EDITION
At
SENIOR EDITOR
Lydia McNutt ART DIRECTOR
by Abbey Lane Homes
Quality Comes First SEE INSIDE FOR OUR AMAZING INCENTIVES! vipliving.ca
Megan Pike CONTRIBUTING EDITORS
Sonia Bell Wayne Karl Elisa Krovblit DESIGN EDITOR
Yanic Simard
SALES REPRESENTATIVES
Shelby Biggs 587.357.7402 Natalie Houghton 587.226.1313
NATIONAL CIRCULATION MANAGER INSIDE THIS ISSUE
38
TOP NEWSMAKERS OF 2016 FOR THE HOMEBUYER IN 2017
HOW TO SAVE FOR YOUR DOWN PAYMENT FASTER
John Jenkins
STYLE FILE: NEW YEAR CUPPA CHEER!
Year in review
PRODUCTION MANAGER
Helen Pearce
Top 10 real estate newsmakers of 2016
PRODUCTION CO-ORDINATOR
Hannah Yarkony
by Lydia McNutt
GRAPHIC DESIGNERS
Miguel Cea Mike Terentiev
50 Housing market
Canada’s hottest housing market is... by Wayne Karl
advice
24 Home Sweet Home
How to kick your home buyer’s remorse to the curb
ADVERTISING
West
Call 587.784.4044 for advertising rates and information.
21
South Central
CIRCULATION
25
Downtown
31
North West
33
St. Albert
Packing up your holiday cheer
37
Fort Saskatchewan
by Chuck Resnick
41
North East
42
Sherwood Park
43
Beaumont
45
Leduc
47
Southeast
Style File
49
Southwest
by Elisa Krovblit
55
Spruce Grove
30 Mortgage Matters
Four ways to save your down payment faster by Alyssa Furtado
58 Make Your Move
Inspiration
Style File
New year cuppa cheer by Elisa Krovblit
57
23
19
by Lydia McNutt
23
district maps
PO Box 458. Station Main, Edmonton, AB T5J 2K ypnexthome.ca
Winter white
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. COPYRIGHT 2016/2017
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.
Editor’s Note
Is buying a home on your to-do list in 2017? IF YOUR NEW YEAR’S RESOLUTIONS include buying a home, then
LYDIA MCNUTT Senior Editor Yellow Pages NextHome Email: Lydia.McNutt@ypnexthome.ca Twitter: @LydiasTweets
2017 could be your window of opportunity. Skyrocketing real estate prices – particularly in Toronto and Vancouver – dominated the headlines in 2016. But that story could change. According to ReMax’s Housing Market Outlook for 2017, home prices across Canada are expected to rise by two per cent – that’s right, they’re still on the up-swing, but at a much slower pace than we’ve experienced in recent years. Zeroing in on Alberta’s housing markets, ReMax expects an up-tick in activity following relative stability in 2016, when moderate declines in sales and prices came as a result of the prolonged recovery of the oil sector. Looking ahead to the second half of 2017 and into 2018, buyer activity is expected to pick up, supported by employment opportunities in the oil sector and the recent approval of the Trans Mountain pipeline, which is also expected to boost the provincial economy. To make a long story short, there is a light at the end of the tunnel for hopeful homebuyers – of which there are many. Home ownership remains a priority for Canadians, according to a recent ReMax survey conducted by Leger. Fifty-three per cent of respondents expressed intent to purchase a home, and 47 per cent intend to do so in the next five to 10 years. If you’re among them, start planning your purchase now. Explore locations and different housing options. An open mind is your greatest asset.
WESTMOUNT
SEE MORE PHOTOS ONLINE
The residential streets are quiet while 124th Street keeps up an urban buzz. Bordered by the busy arteries of 111th avenue, Stony Plain and Groat Road located northwest of downtown, this is a classic older neighbourhood that knows how to roll with urban trends. Read the full story… nexthome.yp.ca/westmount
+ get social
Interact with us on social media: ypnexthome
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.
The beach. It is a place to get away, a place to
escape. It’s where we can go to let loose and unwind. Home. It’s where we live, grow, and dream. It is our sanctuary—our special place to go where we always belong. Imagine being able to have the best of both worlds! Introducing Ara Condos in Summerside; an exclusive lakeside community where you will find stylish, contemporary living spaces amongst every amenity imaginable. Let’s explore… because it is possible to have your beach, and live at home too.
Your Home From the moment you step inside Ara Condos, you will notice its clean, sophisticated details and contemporary designer finishes in the corridors and common areas. Each suite is finished beautifully and has laminate or hardwood flooring throughout suite entry, kitchen, living and dining areas. Your kitchen comes equipped with contemporary cabinets in designer colours, stylish laminate, granite, or quartz countertops, a four-piece stainless steel appliance package, built-in dishwasher, space-saving microwave range hood, and convenient flush eating bar. In-suite laundry with stacking washer and dryer is standard, as is the designer lighting package and decora-style switches. Currently, there are two showsuites open for viewing: The Abbey and The Lombard. The Abbey suite is a 894 square foot floorplan that features two bedrooms and two full baths. The master bedroom has a large walk-through closet that connects to a four-piece ensuite. It has an open concept kitchen, dining and living space—great for entertaining. There is a tech area, large pantry, linen closet in your bathroom, and of course the in-suite laundry. The 977 square-foot Lombard showsuite is an openconcept 2 bedroom, 2 bathroom home with a bit more room than The Abbey for some extra dining space. The bedrooms are also located on opposite sides of the suite to ensure privacy. The master has a large walk-through closet and four-piece ensuite. Get a feel for the premium finishes available at Ara Condos when you walk on the rich, engineered hardwood and run your hands across the premium quartz countertops.
Your Neighborhood Lake Summerside—an exclusive, one-of-a-kind neighborhood in Edmonton—is a place where every amenity is only steps away. It’s a place to belong, where community means more than just the home you live in. There are walking paths, parks, green spaces, and an amazing 32-acre, clean water lake that is exclusive to residents of Summerside. Imagine spending your evenings and weekends swimming, fishing, playing, paddling, and building sand castles on the beach, all just minutes from your home. The Community of Lake Summerside is located just minutes from South Edmonton Common where you will find one of Edmonton’s premier openair shopping and entertainment destinations. From supercenters like Wal-Mart, Superstore, and Canada’s largest Canadian Tire, to specialty stores such as Hockey Life and Mastermind Toys, to delicious restaurants such as The Keg, Earl’s and Milestones, you could spend all day there. After your day of shopping and dinner, take in a movie at the Cineplex Odeon, or take in some entertainment at The Rec Room, Edmonton’s largest entertainment center where you can catch your favourite comedian, watch your favourite sports team on one of the many big screens, or try your hand at some of the best video games out there!
Special Offer Ara Condos in Summerside is open Monday – Thursday, 3:00pm8:00pm, Saturday, Sunday, and Holidays noon – 5:00pm. Come in and ask Amanda about our amazing promotions with up to $20,000 off select suites. Come tour our beautiful new showsuites, the Abbey and the Lombard, and see everything the building and community has to offer. You won’t want to miss this “suite” opportunity!
SOUTHEAST
Call Amanda at 780.761.3144 4008 Savaryn Drive SW
SALES HOURS
Mon to Thurs 3PM -8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
www.aracondos.com
Advice | CHBA ALBERTA
Canadian Home Builders’ Association – Edmonton Region introduces new president THE CANADIAN HOME BUILDERS’
Association Canadian Home Builders’ Association - Edmonton Region (CHBA-ER) has announced Colin Wiebe as its 45th president. Wiebe succeeds Steve Ruggiero, president of Kimberley Homes Group. Wiebe has been an integral member of the CHBA-ER over the past five years. A law school graduate from the University of Kent in Canterbury, he serves on both the Edmonton Region and Alberta CHBA boards, including most recently as the vice-president, Edmonton Region. As a member of the All Weather Windows ownership group, Wiebe has advanced professionally in a variety of operational and leadership positions during his 16 years with the company. Launched in 1978 by a group of Edmonton entrepreneurs, All Weather Windows has nine branches across Canada, is a member of the CHBA on a national level and a member of 18 other local home builder’s associations nationwide. “Our Association is about to face the most stringent year of regulation in modern time, not only in Edmonton, not only in Alberta, but nationally,” says Wiebe. “The question becomes what will we do in 2017 to address this? Advocacy is a key strategic imperative for 2017. This will be one of our major goals to leverage the relationships that we re-built over the past four years to achieve results for our industry, association, and ultimately, our members.
18 YPNEXTHOME.CA
MORE TRENDING ONLINE ypnexthome.ca/news
Wiebe was elected president at the Association’s recent annual general meeting. Looking ahead, Wiebe says collaboration will continue to be key within the industry when facing a number of challenges in the coming year. Established in 1954, The Canadian Home Builders’ Association – Edmonton Region (CHBA-ER) is a not-for-profit organization representing 525 member companies, including new home builders, renovators, land developers, trades, manufacturers, suppliers, financial institutions and a host of allied professionals.
231 St.
West Edmonton Yellowhead Trail
124 St.
87 Ave.
WHITEMUD FWY.
QUESNELL BRIDGE
69 Ave. 199 St.
4 6
GROAT BRIDGE
142 St.
149 St.
163 St.
2
159 St.
175 St.
8 1
170 St.
95 Ave. 182 St.
Rosenthal Blvd.
102 Ave.
Stony Plain Rd. 100 Ave. 156 St.
178 St.
ANTHONY HENDAY
3
Stony Plain Rd.
107 Ave.
a en d. Bu ta R Vis
Winterburn Road (215 St.)
Secord 12 Blvd.
5 10
Ma yfie ld
Rd .
111 Ave.
Callingwood Rd.
9 35 Ave
MAP LISTINGS
North Saskatchewan River
11
1 THE CALIFORNIAN PARKLAND BY ABBEY LANE HOMES
2035 Grantham Court 2 GROVENOR MANOR BY PELHAM MASTER BUILDER
10126 – 144 Street 3 SECORD CORNERS
5 JADE
9
BY CARRINGTON COMMUNITIES
RIVERS EDGE BY CHRISTENSON GROUP
1004 Rosenthal Blvd
3090 Cameron Heights Way
6 GLASTONBURY MEWS & ESTATES 1589 Glastonbury Blvd
10 RENEW IN ROSENTHAL
8 VIP AT CALIFORNIAN PARKLAND
11 HAVEN TOWNHOMES
BY FOOTPRINT DEVELOPMENTS
BY ABBEY LANE HOMES
9535 - 217 Street
2035 Granthan Court
BY DAYTONA
1 &2 8209-217 Street NW BY BROOKFIELD RESIDENTIAL
7385 Edgemont Way 12 SECORD CHALET
4 STAFFORD GREENS
BY HOPEWELL
#5, 320 Secord Blvd
BY STAFFORD GREENS LTD
62 Ave & Getty Gate
SEARCH ONLINE ypnexthome.ca
Move in this
new year with SAVINGS UP TO
$20,000
1004 Rosenthal Blvd.
WEST EDMONTON | Call Trent 780.426.1686
CONDOS FROM $194,900 STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 19
Neighbourhood Profile
Westmount By Amy Hancock
Fast facts
MORE PHOTOS ONLINE nexthome.yp.ca/westmount
Most common housing type
lowrise
Family structure WESTMOUNT IN EDMONTON was
called “a neighbourhood displaying the best of both worlds,” by Avenue magazine, and one of the Top 10 in the city. The residential streets are quiet while 124th Street keeps up an urban buzz. Bordered by the busy arteries of 111th avenue, Stony Plain and Groat Road located northwest of downtown, this is a classic older neighbourhood that knows how to roll with urban trends. The vibe More than a century in the making, Westmount retains its old-world charm while the business strip on 124th Street has become a hip locale of newer shops and restaurants. It is a walkable neighbourhood with beautiful trees providing a canopy over the streets. In the summer, the 124th Street Grand Market takes over a small section of 108th Avenue on Thursday nights and June features the Nextfest arts festival. Meet the neighbours Since its inception, Westmount has attracted young professionals. According to the 2011 census data 20 YPNEXTHOME.CA
from Statistics Canada, a large number of residents here are young (between the ages of 20 and 40) and the majority of them have postsecondary education. Planes, trains and automobiles According to Statistics Canada, the majority of residents in Westmount drove to work in 2011. The community is just minutes from downtown and Groat Road gives a quick route across the river to reach the university and south Edmonton. Plenty of bus routes pass through Westmount and with the proposed Valley Line of the LRT going right down Stony Plain Road, residents may soon have access to the LRT system. Dollars and sense With a mix of renters and owners, Westmount has developed tastes for all budgets. From the higher-end boutiques on High Street to the more budget-friendly shops along 124th Street, the area has a lot to offer for a wide range of income levels. Art lovers can go for a stroll along the Gallery Walk and browse through several different galleries for free.
SINGLES
COUPLES
FAMILIES
46%
32%
22%
Own vs. rent
57% OWNERS
43% RENTERS
Top beer brand
22%
CORONA
SOURCE: ENVIRONICS
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.3 77 Ave. 76 Ave.
9
4 51 Ave.
MAP LISTINGS
1 THE ARBOR AT AVENUE 83 10002-83 Avenue 2 Le Quartier Condos BY INFINITI DEVELOPMENTS
8627-91 St 3 STUDIO OFF WHYTE
4 THE UNIVERSITY BROWNSTONES
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.
BY I4 PROPERTY GROUP
6 STUDIO ON THE HILL
9 ELEMENTS URBAN VILLAGE
104th St & 81st Ave
BY I4 PROPERTY GROUP
BY CARRINGTON COMMUNITIES
9859 – 90th Ave
7711 – 71 Street NW
SEARCH ONLINE ypnexthome.ca
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 21
Trending
Rising household debt a “key vulnerability” in Canada By Lydia McNutt
THE BANK OF CANADA IS WARNING of rising household
debt and housing prices... again. This familiar theme was echoed in December 2016 and previously, in June 2016, in the Bank’s Financial System Review (FSR) – a twiceyearly report that examines and analyzes Canada’s overall macro-financial conditions. The Bank highlighted elevated levels of Canadian household debt as a key vulnerability in most Canadian cities, but particularly in Calgary, Vancouver and Toronto. “The most important risk remains household financial stress and a sharp correction in house prices, triggered by a large and persistent nationwide rise in unemployment,” the report outlines. “The likelihood of this risk materializing, however, remains low.” Canada’s overheating housing markets will experience a cooling effect thanks to recent changes to mortgage financing rules and other housing sector policies, “which will dampen activity in the sector and improve the quality of new mortgages,” the Bank reported. The latest round of mortgage rule changes took effect in October 2016 and now require high-ratio mortgages
MORE TRENDING ONLINE ypnexthome.ca/news
22 YPNEXTHOME.CA
to qualify at the Bank’s posted rate – currently 4.64 per cent – to guarantee the ability to make mortgage payments in a more realistic rate environment. The new rules also require that the Gross Debt Service ratio (total housing costs including mortgage, taxes and heating) not exceed 39 per cent of a borrower’s gross income while the Total Debt Service ratio (housing costs plus all other debt payments) not exceed 44 per cent. Other policy measures include Vancouver’s new 15-percent foreign buyers’ tax and the new vacant home tax. The Bank calculates that 31 per cent of Canada’s highratio mortgages issued in the past year would not have qualified under the new rules. The good news is that the new mortgage rules are expected to have the desired effect of reigning in housing market activity and reducing mortgage debt. “While the impact of these measures will be concentrated in regions where house prices are the highest relative to income, such as Vancouver, Toronto and Calgary, they will also have important effects at a national level.”
Trending Perfect Tea Set Teal with Feathers $25 indigo.ca
Me to We Tea $18 davidstea.com
We love David’s ME to WE tea The ME to WE campaign empowers people to make a difference with their everyday choices. Each 100 g purchase gives three months of clean water to a Kenyan child in need. Now that’s a reason to raise your glass!
Riklig Glass Teapot $9 ikea.ca
New year CUPPA CHEER
Get together with friends and share a cuppa... Whether it’s coffee, tea or something a bit stronger, there are plenty of ways to enjoy catching up with friends in the new year – so do it in great style!
by ELISA KROVBLIT
Wine Bottle and Glass Caddy $170 crateandbarrel.ca
Fizz Champagne Flutes $6/each cb2.com
Moet & Chandon Brut Imperial $65 lcbo.com
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 23
Advice | HOME SWEET HOME
How to kick your home-buyer’s remorse to the curb By Lydia McNutt
MORE ADVICE ONLINE ypnexthome.ca/news/advice
MANY QUESTIONS will cross your mind in the months and weeks leading up to the closing date on your new home. Did I choose the right location? Did I pay too much? Should I have waited out this hot market? We’ve all heard of buyer’s remorse. Maybe it’s that canary yellow convertible that caught your eye at the car dealership, when you were there only to get an oil change. It could be that Florida timeshare that tempted you in the dead of winter. Or perhaps it’s, dare I say it, the home you just purchased. Gasp! When it comes to buying a home, a little anxiety and even some doubt as to whether you’ve made the right decision is normal. It’s a big investment and a huge commitment – financial and emotional. As the closing date drew near on my most recent home purchase, I was rightfully swept up in a whirlwind of excitement, anxiety and stress bordering on distress. First of all, my new house is more expensive. Second, it’s further away. Third, it’s a new community. (Well, not new new, but new to me.) While I was well aware of these factors when I made my offer – and I still consider it worth the trade-off – I couldn’t help those pangs of fear as I prepared for my move. So, how to curb those niggling thoughts of “What if…” and “If only I...”? Here are three ways to leave the buyer’s remorse at the door. 24 YPNEXTHOME.CA
1 | Stop looking. You’ve had your eyes glued to the real estate listings for months now, and you’ve finally purchased your dream home. While it’s tough to go cold turkey, click “unsubscribe” on those realtor emails and move on to the next chapter of your life – the literal move. If you keep looking at listings, you’ll find something in a more convenient location, or at a cheaper price, or better in some way. Why are you torturing yourself? You were happy with your decision to buy when you made it, so stop looking for the bigger, better deal. 2 | Stop listening. You’ve made your buying decision based on your needs and wants. You were confident with your purchase... until Uncle Joe tsk-tsked and dug up that newspaper article he’s been saving for you about the housing market crash that’s apparently coming next year. No one knows for certain what will happen in the future, but here’s one likely possibility: by sitting on the fence and waiting for “perfect market conditions,” you could miss out on a really great opportunity right now. Don’t be overcome by analysis paralysis. If the timing is right for you, go for it.
3 | Stop worrying. You’ve done your homework, haven’t you? You’ve scoped out a variety of locations with a close look at the amenities (present or planned in the future), home types and prices. You’ve set a budget. You’ve been preapproved at a mortgage interest rate and terms that you can afford. You’ve saved for a down payment and closing costs. You’ve got your team of professionals: realtor, home inspector, lawyer. What more could you have done? Buying a new home – especially for the first time – is stressful, but ask yourself if your fears are founded on facts, or just a common case of cold feet? Nothing will ruin your home-buying happiness like having it engulfed in a wave of irrational fear. In your home purchase, as in life, regret nothing and enjoy every moment.
Lydia McNutt is an award-winning writer and the 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
Downtown Edmonton 118 Ave. 112 Ave.
102 Ave.
10
8
Jasper Ave. 100 Ave.
106 St.
Victoria Park Rd. Rive r Va lley Rd
7
3 97 Ave.
.
82 St.
d lan
w Ro
.
Rd
St.
9 2 1 6 5
100 St.
104 Ave.
yA ve .
92
wa
105 St.
116 St.
109 St.
127 St.
142 St.
144 St.
107 Ave.
4
11
gs
KINNARD RAVINE
t. 95 S
12
104 Ave.
Kin
. 97 St
124 St.
111 Ave.
101 St.
111 Ave.
LOW LEVEL BRIDGE JAMES McDONALD BRIDGE
DAWSON BRIDGE
Bellamy Hill HIGH LEVEL BRIDGE 105 ST BRIDGE
MAP LISTINGS
1 THE ULTIMA
North Saskatchewan River
6 ENCORE
BY WESTRICH PACIFIC
BY WESTRICH PACIFIC
10244 - 103rd Street
103 St. & 102 Ave.
2 THE FOX
11 121 WEST CONDOS AT HIGHSTREET DISTRICT BY REGENCY DEVELOPMENTS
121 Street & 105 Avenue
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 VIBE BY CARRINGTON COMMUNITIES
10604 116 Street 5 ICON BY LANGHAM DEVELOPMENTS
Jasper Ave., North of 104 St.
8 GROVENOR MANOR BY PELHAM MASTER BUILDER
12 WEST BLOCK BY BEAVERBROOK IN HOUSE DEV
Corner of 142 St & Stony Plain Road
10126 – 144 Street 9 THE LEGENDS BY WAM
104 Ave. & 102 St. 10 PEARL BY REGENCY DEVELOPMENTS
Jasper Avenue & 119 Street.
SEARCH ONLINE ypnexthome.ca
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
WITH LOCATIONS THROUGHOUT EDMONTON, CARRINGTON HAS SOMETHING FOR EVERYONE.
Please see our ad between pages 18 and 19
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 25
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 building’s fluid articulation and elegant contours ensure its longevity and timeless beauty. A breathtaking glass curtain wall and large windows offer sweeping city views, while efficient, well-designed suites maximize living space and promise stylish functionality.
The ultimate urban lifestyle
• Spacious 2- and 3-bedroom units still available on various floors
Edmonton transit is easily accessed from Fox Two, with several bus stops and two major LRT stations on 104 Street—offering fast access to destinations like West Edmonton Mall, Southgate Mall and Commonwealth Stadium—even the international airport is easily reached via Edmonton’s transit system. Nature too is right outside your door with Edmonton’s unique river valley—the largest urban park in Canada— bordering the downtown core to the south. Enjoy over 18,000 hectares of hiking and biking paths meandering along the beautiful Saskatchewan River, try boating or fishing, even play a round of golf at Victoria Golf Course—all within minutes of Fox Two.
Unparalleled architectural excellence
A project of superior design and quality, Fox Two is the taller of the Fox Towers project at 33 storeys and is your last opportunity to own a brand-new, upscale condo on Edmonton’s best downtown street.
• Summer 2017 occupancy
• Well-appointed units with superior-quality finishes including quartz countertops, high gloss cabinetry, top-grade flooring and stainless steel appliances all come standard • All remaining suites have air conditioning and at least 1 private balcony • At least 1 heated and secured parking stall included in purchase price • Three high-speed elevators
Another project by Langham Developments Ltd.
Since 2001, Langham Developments has played the most significant role in rejuvenating Edmonton’s downtown core. Listed among Edmonton’s most experienced and reputable high-rise builders, Langham Developments has completed 4 outstanding downtown high rises to date: The Omega, Icon Tower I, Icon Tower II, and the first phase of the Fox Towers project: Fox One.
Visit our on-site Sales Centre located on 104 St. just north of 102 Ave.
www.foxtowers.ca | 780.425.0369
The Vermillion
• Concrete & steel construction • 10 foot and 2 storey ceilings • Loft style, roof decks, balconies • Luxe 63 units with A/C • Underground parking
$20,000 OFF Prices! Limited time offer.
Starts at $248,000 and up, plus GST
The Vermillion 10611 - 116 Street in Oliver/Downtown www.vermillioncondos.com
VISIT SALE CENTRE at 10351 - 92 St. (on Jasper Ave.), Edmonton 780.475.5999 Sandy Pon and Associates REMAX Excellence
Gary Chun Yuan Centry 21 Platinum Realty
780.710.7101
780.707.6909
Realtor Referrals welcome. Registration conditions apply.
SALE CENTRE IS NOW OPEN
For complete promotion details please contact sale associates or visit our show room centre. Terms and conditions apply. Some suites may be excluded. Promotion may end without notice. Cannot be combined with any other offers. E & OE.
FROM
PENTHOUSES
$799k!
ALL NEW DISCOUNTED PRICING ON ENCORE PENTHOUSES!
COMING TO 103 ST. & 102 AVE. EXPECTED COMPLETION MID 2020
ENJOY LUXURY LIVING AND SPECTACULAR VIEWS LIKE NEVER BEFORE IN ENCORE’S MODERN, DOWNTOWN PENTHOUSES LOCATED ON FLOORS 38-43 PRIME LOCATION ADJACENT TO THE ARENA DISTRICT, AND JUST STEPS AWAY FROM THE FINANCIAL DISTRICT, SHOPPING, & DINING UNPARALLELED AMENITIES INCLUDING CONCIERGE SERVICE, SUN DECK WITH WADING POOL AND PRIVATE CABANAS, FITNESS ROOM, INDOOR LOUNGE WITH INDOOR/OUTDOOR FIREPLACE AND EXTENDED ENTERTAINMENT BAR
Sales Centre located at 10609 104 AVENUE
encore@westrichpacific.com
780.803.8777
Advice | MORTGAGE ADVICE
4 ways to save your down payment faster By Alyssa Furtado
MORE ADVICE ONLINE ypnexthome.ca/news/advice
Trying to save for a down payment on a home can be a difficult task. To speed things up, here are some tips to make saving easier. Set a savings goal When you decide to set a savings goal, it’s best to have an exact number in mind. You don’t want to start your home-buying journey with an inaccurate estimate of how much you’ll need. Once you have an idea of what the prices are for homes in your target area, you’ll have a much clearer picture of how much you’ll need to save. And a mortgage affordability calculator will show you the maximum purchase price you can qualify for. When you know that amount, you can determine how much you’ll need to save each year, month or week. Find other sources for your down payment If the savings goal seems difficult to reach, there are likely other sources you can tap to reach your target faster. Lump-sum contributions can come from a range of sources, like: » Income tax refunds » An RRSP (be sure to take advantage of the Home Buyers’ Plan) » Selling assets (such as a car) » Parents or family members Next, look at other ways to save. Examine your monthly spending and see where you can cut back. If 30 YPNEXTHOME.CA
you have an aggressive savings goal, you may need to cut expenses by a large amount. Canceling your TV subscription, moving to a cheaper rental, or giving up a second car can lead to significant savings. Keep track of your progress When you want to check how close you are to your savings goal, it helps to monitor your progress. You can do this in a spreadsheet and update it each time you make a contribution. It’s also helpful to create projections and see whether you’re on track. As you see how much closer you are to your goal, it can be quite motivating. You can create your own savings spreadsheet or choose from a number that are available online. If it’s not perfect, you can always make some changes and customize it to suit your needs. To motivate yourself, consider giving yourself a reward if you can reach your monthly or quarterly savings goals. Reaffirm your motivation Motivation is key to any savings goal. But staying motivated can sometimes be difficult if you’re trying to save
more than the minimum five per cent down payment in a short time. For example, if you don’t want to pay mortgage insurance, you’ll need to save 20 per cent of the purchase price. This is a significant amount of money, but it’ll save you a lot of money because your interest costs will be even lower in the long run. Make sure to get the best mortgage rate to save even more money. Knowing that a larger down payment can reduce the amount required for monthly mortgage payments is often enough to motivate some homebuyers to save more for a down payment. The bottom line Saving for a down payment can be daunting, but it shouldn’t take decades to save. If you use these tips, you’ll be able to cut down the amount of time you need to save and become a homeowner sooner.
Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards and deposit rates with the goal to empower Canadians to search smarter and save money.
North West Edmonton City Boundary
12 176 Ave. Castle Downs Rd.
2 3
162 A ve
.
135 St.
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.
Dr
nd ay
He
lbe
215 St.
10
5
137 Ave.
11 13
A St.
9
153 Ave. 6 14 1
8
1424Ave.
121 St. 113A St.
150 Ave.
97 St.
148 Ave.
153 Ave.
127 St.
Campbell Rd.
167 Ave.
Stony Plain Rd.
MAP LISTINGS
1 COVENTRY HOMES Castle Downs Rd. & McCrae Ave.
6 VALOUR
2 ALBANY TRAILS
7 BELLWETHER PARK 132 Ave. & 132 St.
BY FOOTPRINT DEVELOPMENTS
138 St & 167 Ave. 3 AVIVA BY CARRINGTON COMMUNITIES
507 Albany Way 4 ALTIUS SKYVIEW BY STREETSIDE DEVELOPMENTS
12815 Cumberland Rd. 5 ALOFT SKYVIEW BY STREETSIDE DEVELOPMENTS
12804 - 140 Ave.
BY ROHIT COMMUNITIES
2407 Sparrow Crescent
BY CARRINGTON COMMUNITIES
508 Griesbach Parade NW
12 LEGACY POINTE BY CONCEPT HOMES MASTER BUILDER
18230 - 104A Street
8 THE HARMONY
13 STARLING AT BIG LAKE
BY P2000 DEVELOPMENTS
BY ROHIT LAND DEVELOPMENT
Sales Center 14904-125 St
137 Ave & Ray Gibbons Dr.
9 STARLING LANDING
14 JUNO TOWNHOMES
BY ROHIT COMMUNITIES
BY SLOKKER CANADA WEST
2405 Sparrow Common
2570 Pegasus Blvd.
10 URBAN CENTURY BY FOURCHA GROUP
14705-125 Street 11 STARLING DUPLEXES
SEARCH ONLINE ypnexthome.ca
Move in this
new year with SAVINGS UP TO
$15,000 508 Griesbach Parade NW
NORTHWEST EDMONTON | Call Mick 780.760.2002
CONDOS FROM $234,900 STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 31
looking for a new home? It’s only a tap away.
Find the perfect new home or condo in the neighbourhood that fits your lifestyle.
START SEARCHING NOW!
DOWNLOAD THE APP
St. Albert ros e Dr.
Keil lor Dr.
Sturg eon Rd .
ud re au
e. Poirier Av
Rd .
Rd .
Dr. ins k t A
1 CITADEL VILLAGE
TO
tT r.
167 Ave.
ED
M
156 St.
St. Al be r
Boudreau Rd. Campbell Rd.
. ve lA l i h urc Ch
170 St. Gerva is
184 St.
Levasseur Rd.
MAP LISTINGS
Bo
Av e.
Ga te
n eo rg Stu
ton ins W Sir
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
3
ON
TO N
THE LINX
BY CHRISTENSON GROUP
BY CHRISTENSON GROUP
St. Albert Trail & Ridge Drive
88 Lacombe Drive
2 BOTANICA BY BOUDREAU DEVELOPMENTS LTD.
4
THE TERRACES BY CHRISTENSON GROUP
88 Lacombe Drive
105 Bellerose Drive
SEARCH ONLINE ypnexthome.ca
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 33
Christenson Developments Presents:
THE VILLAS at Lacombe Park
E
xperience the relaxed and easy-going lifestyle you’ve always dreamed of at the Villas at Lacombe Park! Focused on providing convenient adultstyle bungalow living options, this outstanding development combines a stress-free living environment with the an ideal location. Situated near the coveted Big Lake district in St. Albert, the Villas at Lacombe Park showcase stunning townhome-bungalows that allow residents to enjoy a modern and hassle-free environment. Starting at the incredible price of $489,900, the Villas at Lacombe Park offer easy access to St. 34 YPNEXTHOME.CA
Albert Trail and the Anthony Henday – plus, they are located near an abundance of shopping centers and natural pathways. Residents can sit back and relax (no need for that lawn mower or snow blower) in a low maintenance environment that is just moments away from a variety of first-rate amenities. The Villas at Lacombe Park feature two different lifestyle options. The Lynx is ideal for those who desire carefree condo living – no yard work or shoveling required! The second option available within the Villas at Lacombe Park is the Terrace. These homes
include all the same attractive finishings and features of the Lynx; however, offer a range of sizes to choose from. A Home Owner Association replaces of condo fees at the Terrace. Each home has been designed with customer convenience in mind. An attached garage and easy accessibility makes these homes a perfect fit for those who are looking to downsize. Other home features include: six appliances, window coverings, vaulted ceilings, and energy efficient windows for exceptional temperature control. Three main plans are available for homebuyers to choose from in
IES
U
N
GRO
P
OF
P
A
CH
ON
S T E NS I R
COM
WE JUST OPENED 2 NEW SHOW HOMES
the Terrace. The Sequoia features a 1,386 sq.ft. main floor with a developed basement that brings the home to 2,313 sq.ft. of total living space. The Aspen offers a 1,422 sq.ft. main floor with a fully developed basement that brings the total living space to an amazing 2,286 sq.ft! Pricing for both these home models starts from $559,900. Finally, the Linden home option which presents 1,183 sq.ft. of main floor space plus a developed basement, which brings the total square footage to 1,978. Extra windows and an exceptionally large basement bedroom make this additional basement living space excellent
for larger families. The Lynx condos currently have two walkout lots available on the water starting at $589,900, as well as quick possessions available within the next few months starting from $489,900. Visit area sales consultant, Sandy Wagar, at the Lacombe Park Villas and take a closer look at these gorgeous homes. As Sandy states, it’s “the best between owning a home and apartment living – it doesn’t get better than this”! The area in Lacombe Park is stunning with many options, styles and possession dates available that can meet the needs of anyone
who is planning for retirement. “You have come to the right place with Christenson Group of Companies, who are known as leaders in luxury retirement living! Residents are just minutes away from shopping recreation and natural amenities”. For more information or to learn more about the Villas at Lacombe Park visit their website at LacombePark.ca or call Sandy at 780-903-2465. Visit the show suite at 8 and 36 Lacombe Drive, St. Albert, Monday to Thursday from 1pm-6pm, Saturday, Sunday from 1pm-5pm. DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 35
Soon
Coming Soon ignS g oSooon m n i o m C o n C
A VIBRANT NEIGHBOURHOOD A THE VIBRANT NEIGHBOURHOOD IN HEART OF ST. ALBERT A VIBRANT NEIGHBOURHOOD IN THE HEART OF ST. ALBERT RANT NEIGHBOURHOOD 1, 2 & 3 bedroom homes IN THEOF HEART OF ST. ALBERT HE HEART ST.community ALBERT NEIGHBOURHOOD A master-planned parkside in the making 1, 2 & 3 bedroom homes parkside community in the making 1,OF 2A&master-planned 3 bedroom homes ART ST. ALBERT oom homes
A master-planned parkside community in the making anned parkside community in the making Register now to learn more | GrandinParcVillage.com Register now to learn more | GrandinParcVillage.com e community in the making
now to learn more | GrandinParcVillage.com ister now to learnRegister more | GrandinParcVillage.com
Fort Saskatchewan ER AT S DW N RE IBBO G
ES UT ON IN ONT M 7 DM E TO
21 ay K hw PAR Hig OD N. O O ERW NT SH MO TES TO & ED MINU 10
Hig hw ay
15
. 2 St
t. 82 S
Westpark Drive
e. ve. Av 95A A 94 We stp ark 84 St. Wo Blv od d. Clo sme se re
15
ve. 97 A
BR 17 K UD M ER TO HE IM
1
e. Av
St. 101
99
e. Av 99
ay hw Hig
rth No
1
er Riv an w e tch ska Sa
1
Wilshire Blvd.
MAP LISTINGS
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 14,700 LOCATED Adjacent to the northeast boundary of the provincial capital, the City of Edmonton & 30 km from downtown Edmonton SCHOOLS 6 Public Schools, 3 Separate Schools, 1 Christian School
GROCERY Sobey’s Station Square, Canada Safeway, Extra Foods, Garden Market IGA RECREATIONAL FACILITIES Dow Centennial Centre, Tennis courts, campground, golf courses, bowling lanes, baseball diamonds, indoor pool, outdoor ice rinks (2), curling rinking, indoor soccer, gymnasium, fitness centre
MEDICAL FACILITIES Hospital, local ambulance, 5 medical clinics PARKS & PATHWAYS 360 hectares of park/recreational/ natural land with 29 km of paved trails for walking, running, biking, rollerblading & cross-country skiing
For more information contact Tanya Stillborn (780) 992-6408 or visit our website at www.fortsask.ca or e-mail: tstillborn@fortsask.ca
SEARCH ONLINE ypnexthome.ca
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 37
Trending
NEWSMAKERS OF 2016 A YEAR IN REVIEW By Lydia McNutt
When it comes to Canada’s real estate landscape, 2016 certainly had its ups and downs. Here are our top newsmakers of the year – some good news, some bad news, but all essential reading for the smart homebuyer in 2017.
1 Fort McMurray wildfires A wildfire had been reported southwest of Fort McMurray, Alberta on May 1. That, in itself, is not unusual for this region. Fort McMurray is an area in the Regional Municipality of Wood Buffalo in northeastern Alberta, surrounded by the Athabasca oil sands and Boreal forest. By May 3, the fire had quickly spread through the town, destroying 2,400 homes and buildings and forcing Alberta’s largest wildfire evacuation. The fires continued to burn across northern Alberta and into Saskatchewan. When they were finally deemed “under control” on July 5, it was two months, 1.5 million acres, and a cost of $3.58 billion – the costliest insured natural disaster in Canadian history, as per the Insurance Bureau of Canada. The effect on real estate in The Prairies was doubly dark, adding to the area’s existing
38 YPNEXTHOME.CA
2 Trump takes the win, Immigration Canada site crashes When the U.S. sneezes, Canada catches a cold. So, after a year of dominating the headlines, when Donald Trump won the presidential election in November – much to the chagrin of many Americans and people around the world – the ripple effect was immediate. With the election results revealed, Citizenship and Immigration
Canada’s website crashed due to a traffic surge. Could our American neighbours be planning a move to Canada in an attempt to escape Trumpdom? But it’s not as easy as packing your bags and taking a road trip. The Government of Canada plans to welcome 300,000 immigrants in 2017. Of these, 172,500 will be taken in on economic grounds, which includes applicants and accompanying family members in federal and provincial programs, business immigrants, caregivers, and skilled workers and business immigrants. Another 84,000
will be family members of existing residents. Then, 40,000 will be refugees and protected persons, and another 3,500 will be taken in on humanitarian, compassion and “other.”
3 This was all over the news before Canada Mortgage and Housing Corp. (CMHC) even made the official announcement. The federal housing agency upgraded its risk rating for Canada’s housing markets from “moderate” to “strong” in its Housing Market Assessment, citing problematic conditions overall due to four key factors: 1. over-heating, when sales greatly outpace new listings in the market for existing homes; 2. acceleration of housing prices; 3. over-valuation of house prices in comparison to levels that can be supported by housing market fundamentals; and 4. over-building when the rental market vacancy rate and/or the inventory of new builds that are unsold is elevated. Of Canada’s 15 major markets assessed, nine – or 60 per cent – showed moderate or strong evidence of over-valuation, seven showed evidence of overbuilding, and four showed evidence of price acceleration and overheating. CMHC highlighted that this problem isn’t exclusive to Canada’s priciest markets, but is slipping into the suburbs.
TRUDEAU PHOTO COURTESY OF PM.GC.CA
CMHC raises the red flag on Canada’s housing market
4 PM Justin Trudeau’s 2016 Budget Wait a minute… We had a little election of our own recently, didn’t we? Since revealing his inaugural 2016 Budget, we thought it might be a good time to grade this former teacher and Canada’s current PM, Justin Trudeau, on his housing promises – and delivery. We looked at the Home Buyers’ Plan, rental/affordable housing, and housing policy. So, how’s he doing? C– Time to hit the books, Mister Prime Minister.
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 39
5 BC implements foreign buyers’ tax While on the topic of rising home prices, the British Columbia government introduced a controversial 15-per-cent property transfer tax on foreign nationals who buy real estate in Metro Vancouver, with the aim of curbing low vacancy rates and reigning in the out-of-control home prices. So, why the controversy? Also known as Bill 28, the new tax was criticized by the real estate industry due to: 1. lack of industry consultation and no warning that this was coming down the pipe; 2. the size of the tax; 3. a lack of a grandfather clause, which left many pre-sales buyers on the hook and introduced unnecessary uncertainty into the market; 4. and how the government failed to take into account the fact that it appeared that the market was slowing down previously, regardless of the new tax. The new tax took effect on Aug. 2, but as of Dec. 2, the Greater Vancouver Real Estate Board reported that home buyer and seller activity remained near historical averages.
7
6 Mortgage rule changes
READ THE FULL STORY ONLINE nexthome.yp.ca/new-mortgage-rules
Again, rising home prices and low lending rates prompted our third newsmaker of 2016 – the mortgage stress test. On Oct. 17, the federal government implemented changes to Canada’s mortgage lending rules to help reduce the risk of a housing market crash. Under the new rules, homebuyers with a high-ratio mortgage (which is required when buyers have less than 20 per cent of the purchase price) must qualify at
a rate that is much higher than what is currently being offered by mortgage lenders. At the time of writing, the best rate for a five-year fixed mortgage was 2.34 per cent (source: Rate Hub). Under the new rules, buyers would have to qualify at the Bank of Canada’s benchmark rate of 4.64 per cent. This, all in an effort to shield highly indebted Canadians from spending more than they can afford in a more realistic rate environment.
#
#
#
What should our National Housing Strategy look like? Wrapping up our list for 2016, but perhaps tops for 2017, the National Housing Strategy is a biggie. The federal government recently kick-started efforts to begin building a National Housing Strategy that addresses issues, from affordable housing to rental housing to home ownership, and create a plan that is equitable across differing economies, markets and conditions. This resulted in consultations with provincial bodies, industry experts and others – including everyday Canadians. Job 1: tackle the affordable housing issue. The hope is that the consultative process – dubbed “Let’s Talk Housing” – yields solutions that make more sense than unilateral policy changes, such as the latest round of mortgage rule changes. We’ll see what the new year brings on this front.
40 YPNEXTHOME.CA
With files from Sonia Bell, Wayne Karl and Elisa Krovblit
North East Edmonton 8
3 ve. A 7 3 1
Rd .
137 Ave.
Fo rt
132 Ave.
120 Ave. 95 St.
118 Ave.
121 Ave.
. Ave d. 112 Blv a Ad
CAPILANO BRIDGE
MAP LISTINGS
1 TOPAZ
38 St.
58 St.
122 Ave.
Hooke Rd. Hermita ge Rd. YEL LOW HEA DT RAI L 34 St.
129 Ave.
127 Ave.
20 St.
2
151 Ave.
. Ave 144
Victoria Tr.
144 Av e.
M Fo ANNIN GF rt WY. Rd . 34 St.
50 St.
66 St.
7
22 St.
9
1675Ave.
11
87 St.
. 160 Ave . e v A 153
195 Ave.
4
82 St.
97 St.
91 St. 1
104 Ave. North Saskatchewan River
5 ELEMENTS AT MCCONACHIE
BY PARK HOMES
70-8318 180 Ave.
9 CY BECKER DUPLEXES BY ROHIT COMMUNITIES
118 Cy Becker Blvd.
BY CARLISLE GROUP
2 ELEMENTS MANNING BY CARRINGTON COMMUNITIES
142 Ebbers Blvd. NW
167 Ave. & 53 Street
10 KIRKNESS
6 KERNOHAN RAVINES
BY LANDMARK HOMES
415 Clareview Rd.
BY LANDMARK HOMES
415 Clareview Rd.
3 SAVIDA BY LANDMARK HOMES
3650 - 139 Avenue NW
11 ALTIUS CRYSTALLINA
7 CASSELMAN LANDING
BY STREETSIDE DEVELOPMENTS
17832 78 St.
BY ROHIT COMMUNITIES
#1, 5203 - 149 Ave.
4 NORTHSHORE
BY CARRINGTON COMMUNITIES
5510 Schonsee Dr.
8 ALTIUS CY BECKER BY STREETSIDE DEVELOPMENTS
165 Cy Becker Blvd.
SEARCH ONLINE ypnexthome.ca
NORTHEAST EDMONTON Call Jamie 780.705.9035
CONDOS FROM THE $150’S
142 EBBERS BLVD NW
elementsbycarrington.ca Please see our ad between pages 50 and 51
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 41
Sherwood Park Hwy. 16
ay sW de
2
Lakeland Dr. 1
dows Mea dale k r la C Blvd. rlton rwood Chaay 5 umme S W 3 Jim Commo nD r. ver Bar Rd. Clo
Pa lisa
6
Baseline Rd. Sherwood Dr.
Broadmoor Blvd.
Beauvista Dr.
14
Wye Rd.
Sherwood Park Fwy.
1 SUMMERWOOD DUPLEXES
Wye Rd.
5 REFLECTIONS BY CHRISTENSON GROUP
100 Axbridge Gate
111 Festival Way. Sales centre 5001 Eton Blvd.
BY ABBEY LANE HOMES
Axbridge Gate off of Lakeland Dr. 3 ETON PARK ESTATES BY CHRISTENSON GROUP
5001 Eton Blvd.
SEARCH ONLINE
42 YPNEXTHOME.CA
.
BY ROHIT COMMUNITIES
2 ASPEN TRAILS
ypnexthome.ca
21
Range Rd. 232
MAP LISTINGS
Range Rd. 233
14
Grana d d Blv
TO EDMONTON
Brentwood Blvd.
od Dr. wo Sher
a
14X
6 ASPEN TRAILS DUPLEXES BY ROHIT COMMUNITIES
100 Axbridge Gate
7 Min. to Edmonton
Beaumont 1
Coloniale Way
Rue Montalet
44 St.
50 St.
57 St.
55 Ave. 52 Ave.
50 Ave. 2
43 Ave.
60 St.
3
30 Ave. Hwy 625
MAP LISTINGS
1 COVENTRY HOMES 50 Ave. & 57 St.
(Nisku Rd.)
2 GOUDREAU HEIGHTS
3 MONTROSE ESTATES
BY CHRISTENSON COMMUNITIES
BY SABA HOMES
3311 – 67 Street
4900 - 62 St.
WELCOME TO BEAUMONT Come visit us and discover why “Life Is Better In Beaumont” POPULATION Approximately 8,361 LOCATED 2 miles South of Edmonton on 50 Street SCHOOLS 5 Schools from Kindergarten to Grade 12, French Immersion offered in all GROCERY Sobey’s & Extra Foods RECREATIONAL FACILITIES Beaumont Regional Activities Centre and numerous outdoor facilities
MEDICAL FACILITIES 10 minutes to Grey Nuns Hospital, seved by Edmonton Ambulance PARKS & PATHWAYS Approximately 170 acres of parkland and 6 kilometers of interconnected walkways
For more information call (780) 929-8782 or visit www.town.beaumont.ab.ca
SEARCH ONLINE ypnexthome.ca
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 43
BENEFITS OF CONDO FEES A lot of people might not be aware of the benefits of owning property that is considered “Condominium”. First and foremost, it protects your investment. The integrity of the community stays intact. Everyone has to maintain a certain standard of living. There are rules and regulations in place to protect the homeowner. If a rogue owner is creating any type of actions deemed inappropriate, he or she can be dealt with accordingly. You have recourse. When you purchase a “Freehold” (no condo fees) type of property, you are at the mercy of your neighbour being a good neighbour. Unless they are breaking City bylaws, there is not much you can do about it, and can create some bad blood between you and your neighbour. In a condo type project, you simply contact your board, and bring up the issue at hand. It can be dealt with swiftly, and from a distance. Lower Cost of Ownership Your cost of ownership will be much lower than freehold. Insurance is included in your monthly fees at a much lower rate than freehold. When you insure a 100 Unit project versus a single family home, you are receiving a volume discount from the insurance companies. When you insure a single house, you will pay a much higher rate. Also, liability and structural insurance is included in your monthly fees. Low Maintenance Things like snow removal and grass cutting will get done for you. You can spend more time doing what you really want. For Snowbirds or out of town workers, this is the perfect scenario. No need to worry if you are a 1000 miles from home. Your Utilities In most townhome projects, you will pay your own heat, electricity, natural gas, water, cable, etc. This way you can control your own expenses. You can save even more based on the number of people living in your townhouse. Low Monthly Fees Fees in a townhome type of project will generally stay
low for decades. Normally adjusting for things like inflation. You also have a say in how things are being looked after. If you notice something out of kilter, contact the board and raise the issue. There generally will be a healthy reserve fund, to look after any unforeseen expenditures. Pride of Ownership Whether you choose to live in your townhome for 5 years or 25 years, it should continue to have an “as new” appearance as you walk or drive though the community. Fences, soffits, and downspouts in good condition, shingles replaced as needed, trees and shrubs growing properly, grass well maintained. Common areas should also have an impressive appearance. Again, securing your long term investment. Lower Property Taxes Most projects will also include waste disposal, thus lowering your property tax bill from the city. Peace of Mind With the items mentioned above, as well as numerous other benefits, at the end of the day condo living makes your life easier. You do not get this style of living in a freehold type of home. Condo living is not for everyone, but for the ones that see the upside, in a well-managed project built by a reputable builder, you can have many years of stress free living. The pluses far out way the minuses in a condo. As you can see there are a lot of benefits of owning a condo. For more information, you can visit Dennis at the Village at Walker Lakes Townhomes (804 Welsh Drive SW).
Dennis Warwa Area Sales Representative for Landmark Homes
LandmarkHomes.ca it’s what’s inside
lvd .
Leduc
48 St.
50 Ave.
50 St.
Grant MacEwan Blvd.
High way 2
rt B Bridgepo
Telford Lake
Black Gold Dr. Black Gold Dr.
Dr. Park South
St. 50
1
Hig hw ay
Rollyview Rd. 2A
Dr. Southfork 3 2
Simpkins Wynd
MAP LISTINGS
1 WINDROSE
3 SOUTHFORK
BY LANDMARK COMMUNITIES
BY JAYMAN MODUS
61 Windrose Drive
319 Southfork Dr
2 THE RUSHES OF SOUTHFORK BY HUNTER RESIDENTIAL DEVELOPMENTS
401 Southfork Drive
WELCOME TO LEDUC The City of Leduc, a thriving Industrial, Commercial & Agricultural Community continues to experience growth and expansion. A great place to call home! POPULATION 39,000 and growing “Small city” living within minutes of “Big city” amenities
SCHOOLS 7 Elementary, 2 Junior & 2 Senior High - Public, Private & Separate school systems
LOCATED 20 kilometers south of Edmonton on Hwy. 2
GROCERY Variety of shopping
RECREATIONAL FACILITIES Black Gold Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library
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
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 45
Buyers’ Resources | MORTGAGE RATES
Compare mortgage rates for your best deal CHARTERED BANKS
variable
ATB Financial Alterna Bank
6 months
1 year
2 years
3 years
4 years
5 years
2.5000
4.1000
3.0400
2.3900
2.4500
4.0000
2.7900
2.7400
2.5900
2.6900
2.7900
2.5900
2.8400
2.7400
Alterna Savings
2.4500
4.0000
2.7900
2.7400
2.5900
2.8400
2.7400
Bank of Montreal
2.8500
4.2000
3.0900
3.1900
3.5900
4.0900
4.8400
Bank of Nova Scotia
2.7000
4.5500
3.2900
3.0900
3.3900
3.8900
4.4900
CIBC Mortgages
2.7000
3.1400
2.8400
2.7900
3.3900
4.0900
4.7900
Caisses Desjardins
2.7000
4.4000
3.1400
3.2400
3.3900
3.8900
4.7400
Canadian Western Bank
2.9000
4.0000
3.1400
3.0400
3.6500
4.2000
4.7400
Canadian Western Trust
2.9000
4.0000
3.1400
3.0400
3.6500
4.2000
4.7400
Comtech Credit Union
-
6.2000
2.8400
2.8900
2.9500
2.9900
2.8900
DUCA Financial Services
2.5000
-
3.0400
2.9400
2.9400
3.1400
2.5900
Effort Trust
-
4.4500
3.3500
3.5000
3.7000
4.3000
4.3500
Equitable Bank
-
-
3.1400
3.0400
3.6500
4.3900
4.6400
First Calgary Financial
-
4.0000
2.8900
2.8900
2.5400
2.7900
2.7400
First National Financial
2.3500
3.1000
2.2900
2.4900
2.5900
2.6900
2.8400
FirstOntario Credit Un.
2.5000
4.3400
2.7900
2.4900
2.6400
2.7400
2.8400
HSBC Bank Canada
2.8000
4.4500
3.1400
3.1400
3.3900
4.0900
4.6400
Home Trust Company-Agent
2.5000
3.9500
2.6900
2.1400
2.3400
2.5900
2.6900
ICICI Bank Canada
3.0500
-
2.9400
2.9400
2.9400
2.9900
2.9900
Investors Group Trust
2.7000
4.2000
3.1400
3.0900
3.3900
3.8900
4.6400
Laurentian Bank Canada
2.7000
4.4000
2.8900
2.8400
3.3900
3.8900
4.7400
League Svgs & Mortgage
-
4.4500
2.9900
2.5900
2.6500
2.7000
2.8900
Libro Credit Union
-
3.7500
2.6000
2.6500
2.6900
2.6900
2.6900
London Life
2.7000
4.2000
3.1400
3.0900
3.3900
3.8900
4.6400
Luminus Financial
3.2500
-
3.2500
3.2000
3.6500
4.0000
4.5000
Manulife Bank
2.6000
4.4500
3.0000
2.9400
2.8400
2.7900
2.8900
Manulife Trust
-
4.4500
3.0000
2.9400
2.8400
2.7900
2.8900
Meridian Credit Union
2.4000
4.0000
2.8400
2.7900
2.6400
3.8900
2.5400
National Bank
2.7000
4.4000
3.1400
3.0400
3.3900
3.8900
4.7400
PACE Savings & Credit Un
-
5.0000
3.0400
2.8400
3.3900
3.8900
4.4900
Parama Credit Union
2.6500
-
2.8000
2.8500
2.9500
3.0500
3.1500
Peace Hills Trust
-
4.5000
3.1500
3.5000
3.7500
3.8500
3.9500
President's Choice Fin'l
2.7000
6.1900
3.1400
2.7900
3.3400
3.9900
4.4400
Rapport Credit Union
2.8500
6.0000
3.0900
3.0400
3.5000
3.0400
2.9900
Royal Bank of Canada
2.7000
3.1400
3.1400
3.0400
3.6500
4.3900
4.6400
Steinbach Credit Union
-
-
2.3900
2.3900
2.3900
2.4900
2.4900
T-D Mortgage
2.8500
3.1400
3.0400
2.8400
3.4400
3.8900
4.6400
Tangerine
2.7000
-
3.1900
3.2400
3.4900
3.6900
3.7900
WFCU Credit Union
-
4.4500
3.0000
3.0400
3.6500
4.3900
4.6400
Your Neighbourhood C.U.
-
-
2.7990
2.8900
3.0900
3.1500
2.9400
ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator PREPARED BY CANNEX ON DECEMBER 16, 2016 This information is current as of the date and time posted and is subject to change without notice. © Copyright 2016 CANNEX Financial Exchanges Limited. All rights reserved.
46 YPNEXTHOME.CA
South 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.
Parsons Rd.
3
91 St.
66 St.
1
9 6 10
41 Ave.
5
9
SOUTHERN SPRINGS
BY ROHIT COMMUNITIES
BY PARK HOMES
812 Welsh Dr.
2845 - 43 Ave NW
655 Watt Blvd.
ARA
6
WALKER LAKE LANDING
7
BY CARLISLE DEVELOPMENTS
Corner of Welsh Dr. & Watt Blvd SE LAUREL LANDING BY LANDMARK HOMES
AURORA
10
BY MELCOR HOMES 1090 & 1092 Watt Promenade SW
4008 Savaryn Dr. SW
4
LARKSPUR LANDING
BY LANDMARK HOMES
BY CARRINGTON COMMUNITIES
3
Ellerslie Rd.
7
2
STONEHAVEN CONDOS
50 St.
Anthony Henday Dr. 216
101 St.
MAP LISTINGS
11
BY LANDMARK HOMES 804 Walsh Drive SW.
ELEMENTS AT WILLOWHAVEN
11
BY CARRINGTON COMMUNITIES 5521- 7 Avenue SW
8
2215 – 24 St NW
THE VILLAGE AT WALKER LAKES
ALTIUS TAMARACK BY STREETSIDE DEVELOPMENTS 1530 Tamarack Blvd.
ASPEN MEADOWS BY LANDMARK HOMES
43A Ave. & 23 St.
SEARCH ONLINE ypnexthome.ca
Move in this
new year with SAVINGS UP TO
$20,000 4008 Savaryn Drive SW
SOUTHEAST EDMONTON | Call Amanda 780.761.3144
CONDOS FROM $192,600 STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 47
What’s Online
Trending now The latest real estate news from across Canada
A little trim goes a long way READ THE STORY ONLINE
10 New Year’s Resolutions for real estate in 2017
nexthome.yp.ca/trimwork
READ THE STORY ONLINE nexthome.yp.ca/real-estate-resolutions
Want to get fit in 2017? Here’s how to hit the gym READ THE STORY ONLINE nexthome.yp.ca/fitness-2017
Canada’s real estate sector poised for continued growth
Want more great articles like these delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER
READ THE STORY ONLINE nexthome.yp.ca/real-estate-growth
Twitter @ypnexthome @ypnexthome_EDM
Facebook ypnexthome
Visit our website: 48 YPNEXTHOME.CA
nexthome.yp.ca/newsletter
Instagram ypnexthome
Pinterest ypnexthome
South West Edmonton
104 St.
51 Ave.
34 Ave.
Rabbit Hill Road
2
14 13
Ellerslie Road
17
21
26 23 8
25
127 St.
141 St.
16
22
7 4
Anthony Henday Dr. Ellerslie Rd.
3
30 Ave.
9
6
50 St.
2 2910
23 Ave.
Blackburne Drive
91 St.
MacEw an Road
Parsons Rd.
24
9 Ave.
20
101 St.
15
19 Ave.
Saddleback Rd.
Dr.
James Mowatt Tr.
Ha dd ow
14
91 St.
23 Ave.
18 28 11
66 St.
119 St.
40 Ave.
SOUTH
WHITEMUD DR.
1
Calgary Trail North QE II
Lansdowne Dr.
105 St.
27
Belgravia Rd.
111 St.
North Saskatchewan River
Ter will ega rD r.
ay Dr. y Hend Anthon
Riverbend Rd.
Fox Dr.
113 St. 109 St.
76 Ave.
QUESNELL BRIDGE
41 Ave.
MAP LISTINGS 1 THE LEGER BY BRASS III DEVELOPMENTS
625 Leger Way 2 LUX CONDOS
7 CANVAS TOWNHOUSES BY BROOKFIELD RESIDENTIAL
4470 Prowse Rd SW 8 JAYMAN MODUS 3837 Powell Wynd SW 9 ELAN BY CARRINGTON COMMUNITIES
1144 Adamson Dr SW 1306C Windermere Way 10 ELEMENTS AT WINDERMERE 3 VISTAS AT BY CARRINGTON COMMUNITIES CALLAGHAN NORTH 340 Windermere Rd. BY ROHIT COMMUNITIES 11 GROVE ON 25TH 2632 Bowen Way SW TOWNHOUSES IN 4 ATRIA THE ORCHARDS BY PARK HOMES BY BROOKFIELD RESIDENTIAL 2803 James Mowatt Trail 3305 Orchards Link SW 5 ALLURE 12 CREEKWOOD BY CARRINGTON LANDING COMMUNITIES BY CARLISLE GROUP 4042 MacTaggart Dr 11804 - 22 Ave SW 6 ALLARD 13 E’SCAPES TOWNHOMES BY Z2
BY ROHIT COMMUNITIES
675 Allard Blvd SW
BY CARRINGTON COMMUNITIES
14 CROSSROADS OF RUTHERFORD
19 BEARSPAW CROSSING
BY STREETSIDE DEVELOPMENTS
25 LINK CONDOS AT ELLERSLIE
BY LANDMARK HOMES
1816 & 1820 Rutherford Dr 15 THE SIGNATURE
4105 - 7323 South Terwillegar Dr. 21 LANGDALE TOWNHOMES
5151 Windermere Boulevard 16 GLENRIDDING HEIGHTS TOWNHOMES
BY BROOKFIELD RESIDENTIAL
2905 141 St SW 27 RIVERS EDGE
BY ROHIT COMMUNITIES
BY ROHIT COMMUNITIES
16003 10 Avenue SW (located off 170 and south of Ellerslie rd) 17 ALTIUS GRAYDON HILL BY STREETSIDE DEVELOPMENTS
1005 Graydon Hill 18 THE SANDS 4050 Savaryn Dr
11189 Ellerslie Road 26 VISTA POINTE IN CHAPPELE GARDENS
BY PARK HOMES
BY WESTRICH PACIFIC
BY BROOKFIELD RESIDENTIAL
BY REGENCY DEVELOPMENTS
1508 – 105 St. NW 20 SOUTH TERWILLEGAR
704 176 Street SW 22 PIVOT RUTHERFORD BY AVERTON HOMES
Ellerslie Rd & 119 St 23 CREEKWOOD CHAPELLE BY AVERTON HOMES
28 Ave & 141 St 24 TRIUMPH AMBLESIDE
BY CHRISTENSON GROUP
3090 Cameron Hieghts Way 28 THE VILLAGE AT SUMMERSIDE BY PELHAM
4203 Savaryn Dr SW 29 BRIGHTON 4835 Wright Dr SW
BY STREETSIDE DEVELOPMENTS
1115 Armour Link SW
11080 Ellerslie Road
Move in this
new year with SAVINGS UP TO
$75,000
11080 Ellerslie Road
SOUTHWEST EDMONTON | Call Kathy 780.756.2230
CONDOS FROM $246,900 STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 49
Trending
Canada’s hottest housing market is… By Wayne Karl
CANADA’S HOTTEST HOUSING market
is… Hamilton, Ont. Yes, the HamiltonBurlington district – not Vancouver or Toronto. But let’s come back to that. Prospective homebuyers throughout Canada, if ReMax’s forecast for 2017 is any indication, you’re about to get a break on home prices. Finally. Even would-be buyers in Vancouver and Toronto – heretofore Canada’s most piping hot housing markets. After achieving strong price growth – hitting record levels in some markets – over the last couple of years, gains are expected to slow in 2017, creaking open a window of opportunity for those looking to buy a home. ReMax expects the average home price in Canada to increase two per cent in 2017, according to the realty firm’s 2017 Housing Market Outlook Report. “Strong demand in Canada’s urban centres is expected to continue throughout next year and into the foreseeable future, as almost half of Canadians plan to buy a home in the next five to 10 years,” says Christopher Alexander, regional director, ReMax Integra OntarioAtlantic Canada Region. Vancouver and Toronto still garner much of the attention for price growth. High demand and low supply continued to characterize housing markets in these cities throughout 2016, as competition from buyers for limited inventory of single-family homes pushed prices higher. The average residential sale price increased 13 per cent in Greater Vancouver to $1.02 million, and 17 50 YPNEXTHOME.CA
per cent in the GTA to $725,857. Although demand remains high in both urban centres, limited inventory in the freehold market, the new-15 per-cent foreign buyer tax in Vancouver and the recent tightening of mortgage rules by the federal government are expected to soften market activity in the short term. In 2017, ReMax estimates average residential sale prices will increase by two and eight per cent in Vancouver and the GTA, respectively. Window of opportunity This slowing growth provides prospective buyers in these two markets a window of opportunity. “There will certainly be opportunity for first-time buyers in both markets,” Elton Ash, regional executive vice-president, ReMax of Western Canada, told YPNextHome. “The challenge will be in the higher qualification rates for highratio mortgages. Once first-time buyers, in essence, reset their affordability expectations, they will see price advantages in buying in 2017.” Regional markets in proximity to Canada’s highest-price cities continue to experience steady interest from local move-up buyers and buyers from these cities (so-called “move-over” buyers), who are looking to find a balance between affordability and square footage. The top markets for year-over-year price increases in 2016 were Hamilton-Burlington (20 per cent), Fraser Valley, BC (20 per cent), Barrie, Ont. (16 per cent) and Kelowna, BC (14 per cent). As for major centres forecast to show the strongest price growth in 2017, Hamilton-Burlington will lead the country at 11 per cent, followed by Kitchener-Waterloo at eight per cent. “Both areas will benefit from transportation upgrades and strong consumer confidence,” says Ash. “Tech sector growth due to the cheap Canadian dollar is positive for Waterloo, as well.” The ripple effect of the foreign buyer tax in Vancouver can be felt in the upper end of the GTA and Montreal markets, as some foreign investors are expected to look for properties in these regions rather than Vancouver. New, tighter mortgage insurance criteria for new home buyers is expected to temper local first-time buyer activity across the country in the short term, but is not expected to have a long-term impact in most regions. Alberta on the rebound The housing markets in Calgary and Edmonton remained relatively stable in 2016, with moderate declines in the number of sales and average residential sale price as a result of the prolonged recovery of the oil sector over the past two years. The average residential sale price in Edmonton decreased by two per cent year-over-year, while Calgary’s average residential sale price decreased by four per cent. Buyer activity is expected to pick up slightly in the second half of 2017 if employment opportunities in the oil sector continue to gradually come back to the province. The recent approval of the Trans Mountain pipeline is also expected to provide a boost to the provincial economy and help keep housing markets relatively stable in next year.
Average Residential Sale Price 2013-2016 and 2017 Outlook 2017 (forecast $)
2017 (forecast %)
2016 (estimate)
2015
2015/2016 % change
2014
2013
$590,450
1.60%
$580,961
$518,153
12%
$507,212
$476,568
$1,040,706
2.00%
$1,020,300
$902,801
13%
$812,652
$767,765
Fraser Valley
$655,500
-5.00%
$690,000
$577,507
20%
$498,703
n/a
Kelowna
$513,642
4.00%
$493,887
$435,074
14%
$424,145
$397,000
Calgary
$402,335
0.00%
$402,335
$417,328
-4%
$484,790
$456,000
Edmonton
$364,000
0.00%
$364,000
$372,511
-2%
$367,038
$351,000
Saskatoon
$351,032
0.00%
$351,032
$355,653
-1%
$361,031
$338,309
Regina
$318,785
0.00%
$318,785
$319,857
0%
$329,379
$320,430
Winnipeg
$297,155
3.00%
$288,500
$281,022
3%
$289,538
$274,373
Windsor-Essex
$237,791
5.00%
$226,468
$201,115
13%
$192,124
$183,518
London-St. Thomas
$295,179
6.00%
$278,471
$264,435
5%
$254,141
$245,737
Sudbury
$261,937
2.00%
$256,801
$250,593
2%
$255,371
$250,518
Kitchener-Waterloo
$413,313
8.00%
$382,697
$348,220
10%
$339,412
$336,325
Hamilton-Burlington
$594,427
11.00%
535,520
$446,961
20%
$388,487
$383,840
Victoria Greater Vancouver
Barrie
$425,730
4.00%
$409,356
$351,554
16%
$319,612
$308,200
Greater Toronto Area
$783,926
8.00%
$725,857
$622,217
17%
$566,626
$522,963
Kingston
$311,712
2.00%
$305,600
$298,000
3%
$287,291
$287,567
Ottawa
$378,359
2.00%
$370,940
$367,632
1%
$362,868
$353,881
Greater Montreal
$368,160
6.00%
$347,321
$337,263
3%
$331,057
$321,059
Quebec City
$259,793
-2.00%
$265,095
$265,204
0%
$264,589
$267,294
Saint John
$182,006
2.50%
$177,567
$175,152
1%
$178,440
$179,351
Halifax-Dartmouth
$292,235
1.50%
$287,916
$278,117
4%
$273,917
$274,153
Charlottetown
$240,250
4.00%
$231,010
$219,460
5%
$219,867
$203,722
St. John’s
$279,356
0.00%
$279,356
$296,812
-6%
$306,405
$301,000
“Alberta will experience a flat market in 2017,” Ash says. “There is light at the end of the tunnel as we get into Q3 and Q4, as oil prices are expected to increase. (Two-thousand and 18) will likely be the rebound year for Alberta.” Meanwhile in Ottawa... Market conditions in the nation’s capital were fairly balanced in 2016, with two-per-cent growth in average price. “We see that continuing in 2017, with a one-per-cent increase in average price. All segments of the market are performing well, with
MORE TRENDING ONLINE ypnexthome.ca/news
condos sales increasing by 1.9 per cent in 2016, and continuing the trend in 2017. The upper end of the market has also been performing well and will continue to do so. Home-ownership dreams turned reality Though price growth may be pausing, younger Canadians are still looking to creative ways to realize their dream of homeownership, according to the report. Thirty-three per cent would consider purchasing a home with a family member; 22 per cent would rent out a room in their home; 15 per cent would consider renting out a room via rental apps such as Airbnb; and nine per cent would purchase a home with a roommate. DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 51
WE WILL NOT BE
UNDERSOLD
FALL cLOSE OuT SALE 2 bEDROOmS • 2 bAThROOmS uNDERGROuND pARKING INcLuDED FROm
$180’s
ImmEDIATE OccupANcIES AvAILAbLE
Ten’s of thousands in price reductions including free furniture, free parking, you choose, even no money down. NOw SELLING IN 10 LOcATIONS AcROSS ALbERTA EDMONTON & AREA
ARTIST’S RENDERING ONLY
ViTA EsTATEs - NW MAcTAggART RiDgE gATE - NW cREEkWOOD LANDiNg i & ii - sW AuRORA gREENs - sW HERiTAgE VALLEy sTATiON i & ii - sW ERiN RiDgE gATE - sT. ALbERT Visit our website for all locations
FOR mORE INFORmATION & ShOwSuITE LOcATIONS vISIT:
carlislegroup.ca 780.438.6693
Canadian Home Builders’ Association
OWNED A
O
D
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!
Spruce Grove Ha
rv 2 Ridg est e Dr
Jennifer Heil Way
4
MAP LISTINGS
Vanderbilt Common
r ve D Gro est W
1
3
1
3
2
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
SEARCH ONLINE ypnexthome.ca
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 55
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
Inspiration
Acrylic and chrome bar cart $499 homesense.ca
WINTER WHITE
Stockholm sofa, Röstånga white $999 ikea.ca
Shaping up to be one of the season’s hottest trends, white on white is clean and elegant. Interest comes from combining pattern, textiles, objects and texture. It’s whimsical, sophisticated, and fills the space with personality. By Elisa Krovblit
Memphis white rug $399-$1,999 crateandbarrel.ca
White hashtag $5.50 chapters.indigo.ca
Klere bookcase $899 eq3.com
MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration
DEC 30, 2016 - JAN 27, 2017 | NEW CONDO GUIDE 57
Advice | MAKE YOUR MOVE
Packing up that holiday cheer By Chuck Resnick
MORE ADVICE ONLINE ypnexthome.ca/news/advice
NOW THAT THE HOLIDAY hustle and
bustle is done for another year, it’s time to pack it all up. Thoughtful packing of seasonal decorations and materials at the end of the holidays for the next year can keep the fun in what is, for some, a stressful time. In other words, it pays to plan – even 12 months ahead. Careful packing and organization prevents damage and breakage, and ensures you can find everything next year. Here are some tips to keep in mind while packing away holiday decorations. Delicate items » Wrap breakables in tissue or packing paper, or use bubble wrap. Do not use newspaper – the print may wear off on ornaments. And instead of throwing away used paper or junk mail, run it through a paper shredder – it makes great packing filler. » Boxes with dividers are best to pack ornaments in. They come with adjustable inserts that form individual cells for delicate items. » Keep extra hangers, hooks and ornament parts in a labeled bag or box. Lights » To prevent tangles, wrap lights around empty gift-wrap paper tubes. » Leave the plug accessible by taping the ends of the light strands to the end of the tube. Next year, you 58 YPNEXTHOME.CA
can quickly test the lights before unwinding them. » Store coloured lights in a dark place to prevent fading – especially blue, green and purple. Wrapping paper » Hanging garment bags provide good storage for wrapping-paper rolls. Use outside pockets for gift tags, cards and tissue paper. » To protect used rolls of paper, cut an empty wrapping paper tube from end to end and slide it over the roll. » Ribbons and bows can be saved and reused. Pack these loosely so they keep their shape. Some other considerations » Wrap holiday candles individually in cellophane and store in a cool place so they don’t melt together. » Pack an “open first” box. Place the decorations you use first in here with essentials such as extension cords.
» Use a “wardrobe box” to hang and store seasonal clothing that you only wear twice a year like that special snowman sweater from your mother-in-law or that flashing Christmas tie. This way you can find it, wear it, and store it away on a hanger easily. » Take special care if you are storing your items in a damp area. Don’t store boxes near sources of heat and moisture. » Label every box. The more detailed the description, the easier it will be to find things next year. » Take a digital photo of special-care items like snow globes or wreaths, print them off on regular paper and tape the photo to the outside of the box as an easy description of what’s inside.
Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca
UP TO $25,000 OFF THE PURCHASE OF YOUR NEW HOME Visit our show homes for details!
Limit of 1 ticket per person. See Area Sales Representative for Million Dollar Giveaway* promotion terms and conditions. A hold must be placed before January 31, 2017. Prize discount is valid for the community stated on scratch card only. No cash value. Not applicable to existing sales. Nontransferable. Prize cannot be combined with any other offer. Physical ticket must be surrendered at time of contract signing. *Actual Giveaway amount is dependent upon the total dollar amount of all tickets redeemed towards home purchases and may total more or less than $1,000,000.
it’s what’s inside
LandmarkHomes.ca
WINTERBURN RD 215 ST
HERE’S HOW IT WORKS: 1
VISIT SHOW HOME
2
RECEIVE SCRATCH TICKET
3
SCRATCH AND REVEAL PRIZE
4
CELEBRATE WITH UP TO $25,000 OFF THE PURCHASE OF YOUR NEW HOME
28
MAN NING DR
167 AVE
167 AVE
2 153 AVE
VICTORI
FO
RT
A TRAIL
RD
137 AVE
YELLOWHEAD TRAIL
KINGSWAY MALL
170 ST
111 AVE
101 AVE
STONY PLAIN RD
BASELINE RD
DOWNTOWN
WEST EDMONTON MALL
ANTHONY HENDAY DR
ANTHONY HENDAY DR
184 ST
118 AVE
N 144 AVE
66 ST
97 ST
113A ST CASTLE DOWNS RD
127 ST
142 ST
153 AVE
18 ST
15
UNIVERSITY WHYTE AVE (82 AVE)
RABBIT HILL RD
TE
RW
34 ST
17 ST
34 ST
66 S
91 ST
ILL
111 ST
EG
AR
GATEWAY BLVD
T
DR
216
WYE RD
SOUTHGATE MALL T 50 S
WHITEMUD DR
50 ST
99 ST
66 ST
WHITEMUD DR
TO SHERWOOD PARK
34 AVE
23 AVE
23 AVE
ANTHONY HEN 170 ST
DAY DR
ELLERSLIE RD
ELLERSLIE RD
2 TO AIRPORT AND BEAUMONT
VIST LANDMARKHOMES.CA FOR SHOW HOME DETAILS.
it’s what’s inside
MUST
Building dreams come true for over 40 years!
CLEAROUT!
SAVE $25,000
JAM
ES M
OW AT TRA IL ALLARD LINK SW
REG $244,400 SALE $219,400
30 AVE SW
For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
SAVE
$25,000
829 SQ. FT 2BDRM REG $260,900 SALE $235,900 SAVE $25,000
R IA T TOR VIC
W SW SW
DR GAR ILLE
SE NW NW
RABBIT HILL RD
TERW
FROM $236,400 5510 Schonsee Drive North of 76 Street and Schonsee Drive 780.476.1137 BY APPOINTMENT ONLY
WHITEMUD DR
ESCAPES
ELLERSLIE RD JAMES MOWAT TRAIL
sales hours Mon–Thurs 3pm–8pm Sat, Sun, holidays 12pm–5pm Closed on Fridays
23 AVE
ALLURE
91 ST
127 ST SW
northshore
ARGYLL RD
ROSENTHAL BLVD
111 ST
ELLERSLIE RD
111 ST SW
ANTHONY HENDAY DRIVE
FROM $234,900 508 Griesbach Parade NW 780.760.2002
SHERWOOD PK FWY
DR
829 SQ. FT 2BDRM
valour
WHYTE AVE
WHITEMUD DR
ELAN
30 AVE SW
HENDAY
BY APPOINTMENT ONLY
FROM $202,700 507 Albany Way 587.520.3372
ANTHONY
SAVE $25,000
aviva
75 ST
CALL CRAIG AT 587.520.6775 1144 ADAMSON DRIVE SW www.elancondos.com
JADE
75 ST
REG $256,400 SALE $231,400
66 ST
894 SQ. FT 2BDRM
VIBE
T TR LBER
ara FROM $192,600 4008 Savaryn Drive SW 780.761.3144
ST A
SOUTHWEST
YELLOWHEAD TR
allure FROM $656,696 4042 MacTaggart Dr NW 780.756.2230
142 ST
• Full-height backsplash, laminate floors and six appliances included
VALOUR
ANTHONY HENDAY DR
• Two-storey lobby and overheight ceilings on all floors
FROM $244,400 1144 Adamson Dr SW 587.520.6775 BY APPOINTMENT ONLY
WINTERBURN RD
SAVE $25,000
167 AVE 82 ST
REG $259,900 SALE $234,900
NORTH SHORE
AVIVA
Élan
SW
894 SQ. FT 2BDRM
FROM $246,900 11080 Ellerslie Road 780.756.2230
97 ST
• Beautiful ravine living in an executive location with easy access to QE II, airport and shopping
FROM $194,900 1004 Rosenthal Blvd 780.426.1686
e’scapes
NE
5
suites LEFT!
jade
ALBANY WAY
ONLY
WITH LOCATIONS THROUGHOUT EDMONTON – CARRINGTON HAS SOMETHING FOR EVERYONE
ARA
25 AVE
! S E C I PR GOiNG, GOiNG,
GONe!
MUST
13
LAST
CLEAROUT!
15 suites
1264 SQ. FT 2BDRM REG $500,630 SALE $425,630 SAVE $75,000
1107 SQ. FT 2BDRM REG $438,380 SALE $398,380 SAVE $40,000
938 SQ. FT 2BDRM
• All suites air conditioned • Two underground parking stalls included in most suites • Spacious, open-concept floorplans and luxurious finishes • Cast in place concrete construction 2016
AWARDS OF EXCELLENCE IN HOUSING
WINNER!
SOUTHWEST CALL KATHY AT 780.756.2230 11080 ELLERSLIE ROAD www.escapescondos.com
save up to
$75,000
LOOK INSIDE FOR MORE GREAT SAVINGS!
938 SQ. FT 2BDRM REG $356,380 SALE $316,380 SAVE $40,000
111 ST
SAVE $25,000
RUGBY PARK
DR
GATEWAY BLVD
ANTHONY HENDAY
REG $402,380 SALE $377,380
CALGARY TR
LIMITED TIME EW N E H T BEAT th YEAR wi E L B A T A E UNB
ELLERSLIE RD For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
SAVE UP TO
$75,000
!
!
ACT NOW
ACT NOW 2016
AWARDS OF EXCELLENCE
SAVE UP TO
IN HOUSING
WINNER!
$15,000 CONDOS STARTING FROM $234,900
CONDOS STARTING FROM $202,700
• Located in North West Edmonton’s most desirable neighbourhood, Village At Griesbach, which features four lakes, a 24 acre central park, a childrens playground and much more
• 1 bedroom, 2 bedroom, and 2 bedroom + den suites
SAVE UP TO
$20,000
• Convenient access to St. Albert and Anthony Henday Drive • Two-storey lobby and over-height ceilings on all floors
• Over-height ceilings on all floors
• Immediate possessions!
• Secure, heated underground parking with storage
142 ST NW
97 STREET
PARA DE NW
GRIESBACH
For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
167 AVE NW
W
PEGASUS BLVD
NW
137 AVENUE
CALL MICK AT 780.760.2002 508 GRIESBACH PARADE NW www.valourcondos.com
ST N
D BLV
NORTHWEST
FREZENBERG AVE NW
Y DR NDA E H ONY ANTH ALBANY WAY
127
ULT
GA
KAPYONG AVE NW
VENESS RD
• Immediate possessions!
NORTHWEST CALL EVA AT 587.520.3372 507 ALBANY WAY www.avivacondos.com
For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
!
!
ACT NOW
ACT NOW
2016
AWARDS OF EXCELLENCE IN HOUSING
WINNER!
SAVE UP TO
SAVE UP TO
$20,000
$20,000
CONDOS STARTING FROM $194,900
CONDOS STARTING FROM $192,600
• Over-height ceilings on all floors
• Access to amenities of Lake Summerside
• Laminate floors, full-height backsplash and stainless steel appliances
• Two-storey lobby and over-height ceilings on fourth floor • Full-height backsplash, laminate floors and six appliances included
• Convenient access to Anthony Henday and Whitemud Drive
• Immediate possessions!
• Building 2 now selling!
ELLERSLIE RD
CALLINGWOOD RD
CALL TRENT AT 780.426.1686 1004 ROSENTHAL BLVD www.jadecondoliving.com
For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
RECREATIONAL BEACH LAKE CLUB
SOUTHEAST
88 ST
WEST 170 ST
WHITEMUD DR
ANTHONY HENDAY DR
WINTERBURN RD
ROSENTHAL BLVD
91 ST
WEBBER GREENS DR
SAVARYN DR SW 25 AVE
22 AVE
CALL AMANDA AT 780.761.3144 4008 SAVARYN DRIVE SW www.aracondos.com
For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
LIMITED TIME EW N E H T T BEA th YEAR wi BLE A T A E B N U
PRICES GOING, GOING,
GONE!
MANNING Starting from the $150’s
SAVE UP TO $15,000 • Located near Manning Town Centre, close to a theatre, retail and restaurants
save up to
$35,000
• Neighborhood boasts central pond, walking paths and green spaces NORTHEAST Call Jamie at 780.705.9035 142-Ebbers Boulevard NW
E LV D
DRIV
EBB
SB
NING MAN
MIL LE R
50 ST NW
B L VD
NW
153 AVE NW
144 AVE NW
ER
SALES HOURS Mon to Thurs 3PM -8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
BY C ARRINGTON
elementsbycarrington. ca 152C Black
Fonts are:
Consolas bold for Elements
and ColaborateLight for By Carrington LOOK INSIDE FOR MORE GREAT SAVI
E W
E
S!
INGS!
2 Bdrm’s from the $150’s!
EPIC PRE-SALE PRICES! • Located between Whyte Avenue and Argyll Road • Easy access to downtown Edmonton, combined with the mass appeal of the cultural and retail services of Whyte Avenue WHYTE AVE
D
LR GYL
AR
75 ST
a
1 Bdrm’s from the $130’s!
91 ST
0
URBAN VILLAGE
WHITEMUD DR
SHERWOOD PARK FWY
SOUTH CENTRAL Call Craig at 780.705.1520 7711-71 Street NW SALES HOURS Mon to Thurs 3PM -8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
is where you want to live AFFORDABLE, STYLISH CONDOS Style and value come standard in your new Elements condominium. Contemporary designer finishes, laminate flooring, and a six-piece appliance package are just some of the features you can expect when you buy an Elements condo. And, with a great, low starting price, affordability never looked this good!
WHERE YOU WANT TO LIVE Elements condos can be found throughout Edmonton and close to major amenities. Shopping, dining, entertainment, transportation. . . Choosing an
WINDERMER
6
8 SUITES
AT MUST GO PRICES!
Immediate possessio
FROM THE $180
• Located in SW Edmonton’s stylish suburb of Winderm
• Area is home to boutique shops, restaurants, retail s and entertainment centres
NW DR GAR LLE ERME
R
WIND
AY D
TER
END
WI
YH
Elements condos are built by Carrington Communities, a builder who has been offering the City of Edmonton exceptionally designed homes for more than 40 years. Backed by a strong reputation for quality and service, Carrington is also an award-winning builder that you can trust for one of the most important investments of your life.
HON ANT
BUILT BY A BUILDER YOU CAN TRUST
WINDE RMERE RD
Elements condo means choosing convenience.
RE BL VD
For complete promotion details please contact a sal
RE
!
ons!
0’s
’s mere!
stores s
897 SQ. FT 2BDRM REG $249,641 SALE $223,000 SAVE $26,641
838 SQ. FT 2BDRM REG $235,193 SALE $205,000 SAVE $30,193
755 SQ. FT 2BDRM REG $193,397 SALE $165,000 SAVE $28,397
SAVE UP TO
$35,000
862 SQ. FT 2BDRM
WILLOWHAVEN
56 ONLY SUITES LEFT!
Immediate possessions! Promos on Now!
FROM THE $170’s • Located in the heart of Ellerslie, an engaged and dynamic community that’s onthe-grow • All the amenities of an established community; along with shopping, restaurant and entertainment options
REG $239,900 SALE $224,900 SAVE $15,000
838 SQ. FT 2BDRM REG $234,900 SALE $224,900 SAVE $15,000
594 SQ. FT 1BDRM REG $172,000 SALE $157,000 SAVE $15,000
SAVE
$15,000
SOUTHWEST Call Mark at 780.469.6976 390 Windermere Road NW
SOUTHEAST Call Nav at 587.521.1444 5521 7 Ave SW
SALES HOURS Mon to Thurs 3PM -8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
SALES HOURS Mon to Thurs 3PM -8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
ales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
THE HARMONY AT BARANOW
Live. Work. Thrive. Play. A home for your family and your dreams.
FROM
173,000
$
Water and hail resistance exterior (Metal roof, Hardy board and stone exterior) One flooring through out the suite with no lino and carpet. Stainless steel appliances with glass top cooking element.
148 AVE
137 AVE
125 ST.
127 ST.
153 AVE
Visit our Sales Centre at 14904-125 Street Mon-Thur 1-7pm Sat, Sun& Holidays 1-5pm Closed Fridays Closed Dec 19 - Jan 6 (780) 709-8081 (Shaun)
• • • • • • • • • • • • • •
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
theharmony.ca