Edmonton New Home Guide - Feb 13, 2015

Feb 13 - Mar 13, 2015 Volume 27 Issue 02

Edmonton Edition

SHOWHOMES NOW OPEN in West Edmonton INSIDE THIS ISSUE

WHAT BUYERS WANT IN THEIR NEW HOME

TAX TIPS FOR THE HOMEBUYER

henleyheights.ca

WHAT THE BANK OF CANADA’S RATE DROP MEANS FOR YOU

Community designed for better living Located just 15 minutes south of Edmonton, Southfork is a community designed to create stories. With abundant green space, kilometres of pathways, playgrounds, a landscaped pond and a future K-9 school, your adventure awaits.

Southfork is excited to announce that it is a Finalist in the Canadian Home Builders’ Association’s 2014 National SAM Awards in Community Development.

Discover your Happily Ever After at southforkleduc.com TOWNHOMES

SEMI-ATTACHED HOMES

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Featuring Homes by these Award Winning Builders

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FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 3

4

5

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 6

GET STARTED NOW AT

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WHERE CUSTOMIZATION IS A GOOD WORD

VISIT ONE OF OUR SHOW HOMES

QUICK POSSESSION HOMES AVAILABLE. ACT NOW AND CUSTOMIZE SOME OF YOUR INTERIOR FINISHES. ASK YOUR AREA SALES MANAGER FOR DETAILS WHEN YOU VISIT OUR SHOW HOMES.

TRUMPETER AT BIG LAKE 12908 - 207 Street | NW Edmonton 780.249.9110 HARVEST RIDGE 153 Harvest Ridge Drive | Spruce Grove 780.571.1881 HAWKS RIDGE 504 Merlin Landing | NW Edmonton 587.984.8339 WALKER SUMMIT DUPLEX 5268 & 5270-20 Avenue South | SE Edmonton 587.521.8890 WALKER SUMMIT 5439-20 Avenue South | SE Edmonton 587.521.8588 WOODHAVEN 5406 & 5408 Edworthy Way | SW Edmonton 587.991.8525

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HOMES LTD.

montorio.ca

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 7

contents FEB 13 - MAR 13, 2015 | | VOLUME 27 ISSUE 02

Community Profile

P.41

PINNACLE RIDGE ESTATES The custom estate standard in Sturgeon County

features & editorials IN EVERY ISSUE

10

Editor’s Note

COLUMNISTS

20 26 36 52

74 92

Fundamentally Speaking What type of home should you buy?

by Wayne Karl

102

CHBA - Alberta Buyers still want their own space

Design Secrets

Decorating your first home

56

by Jane Lockhart

Money Matters

RRSPs: they’re not just for retirement anymore

by Gail Vaz-Oxlade

by Chuck Resnick

HOMEBUYERS’ HELP

23

Showhome Review

41

Community Profile

by Jim Rivait

IN THE NEWS

Mortgage Advice

14

Morrison Homes

96

30

Infiniti Master Builder

103

What the Bank of Canada’s rate drop means for you

by Alyssa Richard

Homebuyers’ Help Hardscaping and your new home

by Shane’s Landscaping & Contracting Ltd.

54

Receives Best of Houzz 2015 Award Receives Best of Houzz 2015 Award

Luxury Market

Luxury homes see doubledigit increase in sales

by Lydia McNutt

Showhome now open in Fraser River Park

by Salina Yara Halabi

Make Your Move

With a move, it’s all in the timing

Urbanity Custom Homes

Bedrock Homes’ new showhome in Henley Heights

Pinnacle Ridge Estates in Sturgeon County

Web Directory

Edmonton area builders, developers and communities

New Homebuyers’ Resource Section

Mortgage calculator and rate table

ON THE COVER

p. 23

Feb 13 - Mar 13, 2015 Volume 27 Issue 02

PRESIDENT, WALL2WALL MEDIA

Edmonton Edition

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

HENLEY HEIGHTS

DIRECTOR OF SALES, NATIONAL

Josh Heppner

A fresh, new locally grown community

SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri ART DIRECTOR

Victoria Cigan EDITOR

Wayne Karl CONTRIBUTING EDITORS

SHOWHOMES NOW OPEN in West Edmonton INSIDE THIS ISSUE

WHAT BUYERS WANT IN THEIR NEW HOME

TAX TIPS FOR THE HOMEBUYER

Sara Duck Elisa Krovblit Lydia McNutt henleyheights.ca

WHAT THE BANK OF CANADA’S RATE DROP MEANS FOR YOU

SENIOR MEDIA CONSULTANTS

Jennifer Mizier 780.217.6778 Nancy Chemait 780.619.3241 PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNERS

Viosa Barileva Miguel Cea MANAGER OF PRODUCTION

Bala Gnanapandithan Published By

The Edmonton New Home Guide is a free publication with distribution every four weeks. Submit articles or advertising to PO Box 458. Station Main, Edmonton, Alberta T5J 2K1

newhomeandcondoguide.ca

74 district maps 012

Edmonton Region

063

Fort Saskatchewan

021

West

067

Sherwood Park

032

Spruce Grove

069

Southeast

033

Stony Plain

072

Leduc

037

St. Albert

073

Beaumont

045

Northwest

077

South

057

Northeast

083

Southwest

COPYRIGHT 2015 All rights reserved by New Home Guide, Toronto, Ontario, Canada.

Reproduction in any form is prohibited.

Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

TERMS Advertisers, Editorial content 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. Please submit to the editor at Susan.Legge@wall2wallmedia.com.

//EDITOR’S NOTE

Moving made easy Due diligence a must with this part of the homebuying process

W

hether you’re relocating from one coast to the other or moving to your first place out of your parents’ home, moving can be hectic, exciting and certainly stressful. But, relax. You can eliminate all of the anxiety associated with moving by taking control of the situation with confidence.

If you decide to move yourself, book a moving truck well in advance from a reliable company that can help with some tips on moving as well as advice regarding the size of vehicle you will need.

If you decide to go with a pro, ask your friends and family to recommend a mover. Call at least three companies to ask about their services and then decide.

Professional movers can do everything for you if you wish, from packing and unpacking, to disconnecting appliances and electronics, but of course there’s extra cost involved.

Make sure you understand the terms of your agreement no matter what you decide, as well as any additional costs such as insurance and mileage fees, so you can budget accordingly.

Happy moving!

SUSAN LEGGE

EDITOR-IN-CHIEF Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

Ask those taxing questions Whether from your mortgage broker or financial advisor, the right answers could save you hundreds if not thousands

W

WAYNE KARL

EDITOR Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

hen you’re buying a home, particularly your first home, you will need the advice of several professionals: builder, lawyer, mortgage broker or banker, financial advisor and so on. But none of them has the personal stake in the deal that you do. Indeed, it is your transaction, your future and, ultimately, your money.

This is why it’s essential to ask questions. Don’t understand something?

Ask. Don’t get a satisfactory answer?

Ask again.

Take this scenario brought to our attention by Alyssa Richard, CEO of ratehub.ca. First-time buyers who are looking to buy together with a buyer who is not a first-timer, can still use the Home Buyers’ Plan to withdraw $25,000 from their RRSP, tax-free, for a down payment. But they cannot

claim the First-Time Home Buyers’ Tax Credit of $750.

“Another surprise had to do with land transfer tax rebates. In Toronto, qualifying first-time homebuyers can claim a total rebate of up to $5,725 for both the Ontario and Toronto land transfer tax. If you’re buying with someone who is not a first-time homebuyer, many first-time buyers assume they can’t claim those rebates.

But you can – 50 per cent is yours to claim.” Instead of being able to claim the full rebate of $5,725, you could claim $2,862.50, which of course is better than nothing.”

Whatever your own circumstances, take the time to ask those challenging, if difficult, taxing questions. The answers could save you hundreds if not thousands.

10 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

MAT

How North America

Fell in Love

With Their Mattamy Homes AFTER 70,000 HOMES, in hundreds of communities, Mattamy Homes has just been recognized as North America’s largest privately owned homebuilder. Along the way have been countless awards for design, construction, and most importantly, customer satisfaction.

That’s because the greatest measure of success is, naturally, a happy homeowner. Mattamy homeowners are

delighted that we design places that you love to live in.

We make the most of all living spaces, inside the home and within the community itself, and garnish homes with thoughtful features that address how you really live.

We invite you to come see the attraction of a Mattamy home today, right here in Coloniale Estates, Beaumont.

QUICK POSSESSION OPPORTUNITIES NOW AVAILABLE YOUR HOME INCLUDES FULL YARD SODDING & TWO TREES

Single Family Homes 1,729 Sq.Ft. From $419,990

SALES CENTRE: 274 Reichert Drive, AB, Beaumont, T4X 0B9 Phone: 780-929-1111 Online: mattamyhomes.com Email: sls_beaumont@mattamycorp.com

FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM Follow us: SALES CENTRE HOURS: Monday to Thursday 2pm-8pm; Friday to Sunday and Holidays 12pm-5pm *Starting price does not include any potential lot premiums.

All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

MATEDMONTON-1019049-MH_Kitchen_NHG Mag.indd 1

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141 St.

170 St.

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EDMONTON & REGION Check Each Area District Map For More Information

&DOPDU

Custom Home Building with exceptional quality and service since 1984.

We transform your ideas into a home designed to fit your family’s needs and budget. Whether on your own lot, acreage, in-fill lot, or one of our available lots, experience the difference a small volume builder can make in constructing your dream home!

Call (780) 484-8754 www.gannethomes.com

ERHBA MEMBER

12 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

//IN THE NEWS

Morrison Homes receives

BEST OF HOUZZ 2015 AWARD

Morrison Homes has been awarded “Best Of Houzz” for Design by Houzz, the leading platform for home remodeling and design. The 53-yearold home builder was chosen by the more than 25 million monthly users that comprise the Houzz community.

Design award-winners’ work was the most popular among the more than 25 million monthly users on Houzz, known as “Houzzers,” who saved more than 230 million professional images of home interiors and exteriors to their personal ideabooks via the Houzz site, iPad/iPhone app and Android app.

Winners will receive a “Best Of Houzz 2015” badge on their profiles, showing the Houzz community their commitment to excellence. These badges help homeowners identify popular and top-rated home professionals in every metro area on Houzz.

14 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

“At Morrison, we’re always striving to deliver value to our customers,” says Sam Hudson, director marketing for Morrison. “Since one way to do this is through the design of our homes, we are very proud to be recognized by the Houzz community with this honour.”

“Houzz provides homeowners with the most comprehensive view of home building, remodeling and design professionals, empowering them to find and hire the right professional to execute their vision,” says Liza Hausman, vice-president of community for Houzz. “We’re delighted to recognize Morrison Homes among our “Best Of ” professionals for design as judged by our community of homeowners and design enthusiasts who are actively remodeling and decorating their homes.”

With Houzz, homeowners can identify not only the top-rated professionals like Morrison Homes, but also those whose work matches their own aspirations for their home. Homeowners can also evaluate professionals by contacting them directly on the Houzz platform, asking questions about their work and reviewing their responses to questions from others in the Houzz community.

Morrison Homes is a leading large volume home builder with offices in Calgary and Edmonton. As a 50 Best Managed Company, the first CHBA-Alberta Provincial Builder of the Year, the CHBA-Calgary Region’s eleven-time “Builder of the Year” and JD Power & Associates award recipient, Morrison Homes is known for its commitment to quality and customer satisfaction. Founded in 1961, the company builds single-family and multi-family homes in top communities in Edmonton and Calgary. For more information, visit morrisonhomes.ca

15

The Estates

at Waters Edge R

ecreational lake front property has long been exclusively thought of as a summer treat. From that first warm weekend at the end of May, residents of cottage country do their best to squeeze in as much time at the lake before the leaves and snow fall.

There is, however, a new development in Alberta that offers the exclusive benefits of lakeside living year-round. Whether prospective buyers are looking for a weekend retreat or a permanent residence, The Estates at Waters Edge offers unique, single-family homes to accommodate a range of budgets and lifestyles.

This secure, gated development is situated 45 minutes west of Edmonton on the shore of Lac St. Anne. As a perennial community equipped with resort-style amenities, residents enjoy the beauty that every season has to offer.

Summer activities include water sports, fishing, walking, biking, or golfing at a nearby course.

Winter brings its own selection of outdoor activities, including snowmobiling, cross-country skiing, snowshoeing, and ice fishing. For skating and hockey enthusiasts, there is an outdoor NHL-sized ice rink, complete with a skate change and warm-up facility. Access to a private boat launch and a maintained marina allows for carefree boating enjoyment. For social gatherings, a clubhouse, featuring a kitchen, dining area and games room, can accommodate gatherings both small and large.

Home designs are created in-house by the Waters Edge Architecture Team to keep turnaround time to a minimum. Most home builders charge a fee for any changes to their plans, however, this service is complementary for buyers who choose to build with Waters Edge.

Owners can also choose to purchase an undeveloped lot and construct with their preferred builder as long as the proposed design fits within the architectural and landscaping guidelines.

16 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Waters Edge homes have been designed in a timeless Craftsman-style and are available in an array of two to four bedroom floor plans ranging from 1,150 to 2,500+ sq.ft.. Layouts and room sizes are completely customizable to ensure that each plan meets the buyer’s needs. Yards are fully landscaped and can include a choice of parking pad, attached or detached garage. A variety of high-quality interior finishing packages are also available and owners can rest easy knowing that their residence comes with a 10-year Progressive Home Warranty to ensure the highest home construction quality.

Lot prices start in the low $100,000’s, and two bedroom residences with completely landscaped lots start in the low $300,000’s.

Two brand new showhomes are now open and available for immediate possession. Contact Mike at 780-405-6378 or 1-877-405-1105 or visit watersedgeestates.ca for more information.

ENJOY LAKESIDE LIVING YEAR ROUND Only forty five minutes west of Edmonton and thirty minutes west of St. Albert, Lac Ste. Anne is conveniently located only a stones throw from a major city. Your journey will be well worth the short trip. Establish a permanent residence or settle in for the weekend.

Our vibrant full service community will compliment you at any stage in life.

SINGLE FAMILY HOMES WITH FULLY LANDSCAPED LOTS STARTING AT

780.405.6378 info@watersedgeestates.ca WatersEdgeEstates.ca

$349,900

FULLY SERVICED LOTS STARTING IN THE

LOW $100’S

DONATE TODAY. STOLLERYKIDS.CA With your support, the Stollery Children’s Hospital Foundation is able to provide life-saving equipment, research that paves the way for new treatments and cures, medical innovations and specialized training, so that every child has the chance to go home again.

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 17

w e N , h s e r F A : e r o l p x e o t y d a e R y t i n u m m o C Locally-Grown

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18

alton Development and Management L.P. (Walton) is excited to announce the official opening of Henley Heights at Secord – Edmonton’s next great neighbourhood. The community now boasts five showhomes to explore, two front-attached garage homes by Homes by Avi and Bedrock Homes (a third coming soon by Connect Homes), two semidetached showhomes by Connect Homes and one rear-laned home by Crimson Cove Homes. Homes start at $325,000, meaning the community is attainable for young couples, families and those looking to move up. (Home possessions should start in the spring of 2015.)

Located in west Edmonton, just south of Stony Plain Road, the community is in close proximity to all the major thoroughfares and lifestyle amenities the west end has to offer, yet it still boasts the ambience of homesteading values.

Good neighbours, safe streets and genuine relationships…that’s exactly what Walton had in mind when designing the community. Everything from the quaint, traditional architecture to walkable pathways that weave through the area give this community a real sense of understanding, of neighbourliness, of togetherness.

Those familiar with the area know that Costco, Stony Plain Road shopping area, West Edmonton Mall, Mayfield Common and the Misericodia Hospital are all proximate to Henley Heights. There’s a school site within the community—along with many schools in the surrounding areas— recreational facilities nearby, shopping, restaurants, libraries and other professional services. The community is also well serviced by public transit, with Lewis Farms Transit Centre conveniently located to the southeast.

Plus, thanks to its location so close to the Henday, Whitemud and Stony Plain Road, commuters have a quick

Bedrock Homes

Crimson Cove Homes

anArchitectural styles in Henley Heights are a medley of traditional and contemporary designs that are sure to delight any palate. There are four tasteful architectural styles, carefully selected to ensure long-term homeowner value: prairie, craftsman, classic traditional and modern heritage.

The community blends seamlessly with surrounding neighbourhoods, while infusing a flavour of its own.

To learn more about home, lots and amenities around Henley Heights, visit henleyheights.ca. Or better still, head down to the community and visit one or all of its lovely showhomes. To get there, take Stony Plain Road to 215 Street and turn south. Head west onto Secord Boulevard and follow the signs straight to Henley Heights.

Henley Heights Builders: 路 Bedrock Homes 路 Connect Homes 路 Crimson Cove Homes 路 Homes by Avi Showhome Hours: Monday Thursday 2 8 pm Sunday, Monday & Holidays 12- 5 pm

Henleyheights.ca

Homes by Avi

Connect Homes

19

//FUNDAMENTALLY SPEAKING

What type of home should you buy? » by WAYNE KARL

Wayne Karl is an awardwinning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@ wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

20

What type of home should you buy?

So, while the answer to the question – What type of Whether you’re a first-time buyer, home should you buy? – is specific to circumstances, there are moving up to a larger home or also some common guidelines you can follow. downsizing to a smaller one, the HOW MUCH CAN YOU AFFORD? answer to this question is a very Experts agree it is never a good idea to make yourself house-poor, individual one. It short, it really and it is a very common mistake, particularly of first-time buyers, depends on your situation – everyto buy more home than you can really afford. Meeting with a thing from the amount of your down mortgage broker or your banker will help determine your full payment to where you work to financial picture, assessing everything from your credit rating whether you have kids to other to how much you have saved for a down payment. And with personal circumstances. tougher mortgage rules recently taking effect, buyers should Of course, most of us would love a “stress-test” their plans – seeing how well you could cope with large house on an expansive property on a quiet cul-de-sac in the best neighbourhood. higher mortgage payments brought on by rising interest rates.

But that’s not always possible.

HOW MUCH WILL IT REALLY COST? For your own enjoyment while you Another common homebuyer mistake is not being prepared live in your home as well as for future for all the closing costs involved: lawyer fees, land transfer resale potential, proximity to taxes, utilities, insurance, and home inspection and appraisal transportation, shopping, schools and fees and insurance. All of these costs add up, and ultimately other amenities is among the key should factor into your overall home-shopping budget. determinants that affect the your property’s appeal, and ultimately its WHERE DO YOU WANT TO LIVE? value. After all, those are the qualities Th is question is becoming more important for a number of potential buyers look for when reasons, though influenced primarily by where you work, how searching for a home; the more of them much of a commute you want and whether your your house has when you go to sell, the transportation options include mass transit or only driving. more it will be attractive to a greater Indeed, especially with gas prices on the rise, proximity to number of people. mass transit is something more and more people are looking While experts suggest you take a for in their new home location. It may not be as simple as long-term view when buying a home, choosing to live in the city, suburbs or small town. it’s also important to not look too far down the road.

WHAT TYPE OF HOME DO YOU WANT? Let’s be honest, your first home may Once you have determined your options for cost and location, not be your dream home, and your needs you can then assess what types of homes are available in your and desires are bound to change price range and desired neighbourhood: Single-family throughout the various detached, semi-detached, townhome or duplex? stages of home ownership.

Some many questions, so many choices. The good news is, You might not be able to home builders today are in sync with customer preferences for afford the home of your dreams right off the bat, but location and amenities, and with market realities with regard to pricing and needs for energy efficiency, so your options for once you’re in the market, new-home product have never been better. it’s easier to move up.

west

9 HAMPTON POINTE

DEVELOPER: Beaverbrook Communities BUILDERS: Bedrock Homes, Dolce Vita Homes, open LOCATION: Take Anthony Henday, turn West on Lessard Road.

12 13 14

10 GRANVILLE

DEVELOPER: Alldritt Land Corporation LP BUILDERS: Alldritt Homes, Bedrock Homes, Crimson Cove Homes, Infiniti MasterBuilt, Kanvi Homes, Kimberley CustomBuilt, Pacesetter Homes, Parkwood Master Builder, San Rufo Homes LOCATION: SW corner of Whitemud Dr. and Guardian Rd.

35 Ave. 1

1 WOODHAVEN-EDGEMONT DEVELOPER: Walton Development and Management LP BUILDERS: Montorio Homes, Coventry Homes, Sabal Homes, Pacesetter Homes LOCATION: 215 Street and 35 Ave.

2 WEDGEWOOD

DEVELOPER: Reid Worldwide Corporation BUILDERS: ReidBuilt Homes LOCATION: Corner of Lessard Road & 180th Street

3 THE PROPERTIES OF DONSDALE

DEVELOPER: Alldritt Land Corporation LP BUILDERS: Open LOCATION: 178 Street south to Lessard Road turn on Danbury Boulevard & follow the signs

4 RIVER POINTE AT CAMERON HEIGHTS

DEVELOPER: Delta Square Properties Inc. BUILDERS: Birkholz Homes, Celebration Homes, Habitat Studio, Vicky’s Homes, Heredity Homes, Areo Homes, Blackstone Homes, Sunrise Homes, Open to the public.

LOCATION: Take Anthony Henday turn on Cameron Heights Dr.

. on Dr er s m ht Ca eig H

5 HAMPTON TERRACE

DEVELOPER: Qualico Communities BUILDERS: Rohit Communities, Sterling Homes LOCATION: Lessard Road & 199 Street

6 EDGEMONT

Developer: Brookfield Residential BUILDERS: Brookfield Homes, Daytona Homes and Look Homes LOCATION: Lessard Road and 199 street, to Edgemont Way

7 COPPERWOOD

DEVELOPER: The Grange South West Property Corporation BUILDERS: Open LOCATION: Hemingway Rd. & 199 Street (between 45 Ave. & 62 Ave.)

8 CAMERON HEIGHTS

DEVELOPER: Cameron Heights Joint Venture BUILDERS: Canyon Spring Master Builder, Hillview Homes Master Builder, Landmark Homes, Darren’s Homes, Classic Landmark Homes, Pacesetter Homes, Kanvi Homes, Marcson Homes, Look Homes LOCATION: South on Anthony Henday to Cameron Heights Drive.

11 SECORD

DEVELOPER: Hopewell Residential Communities BUILDERS: Daytona Homes Master Builder, Innovations by Jayman, Jayman MasterBUILT, Prominent Homes, Sabal Homes LOCATION: North of Whitemud Dr. on 215 Street

12 HENLEY HEIGHTS

DEVELOPER: Walton Developments and Management BUILDERS: Crimson Cove, Bedrock Homes, Connect Homes , Homes by Avi LOCATION: located just west of the existing Secord Community

13 STEWART GREENS

DEVELOPER: TROIKA BUILDERS: Daytona Homes, City Homes, Kirkland Homes LOCATION: It is bounded on the east by Anthony Henday Drive and on the north

by Stony Plain Road

14 ROSENTHAL

DEVELOPER: Melcor Developments Ltd BUILDERS: Daytona Homes, Homes

by Avi, Landmark Legacy Homes, Lincolnberg Homes, Dolce Vita Homes, Western Living Homes, Encore Master Builder, Look Master Builder, ReidBuilt Homes LOCATION: 215 Street and Whitemud

21

22

SHOWHOME REVIEW//

A BRIGHT IDEA:

Bedrock Homes’ Henley Heights new showhome

B

edrock Homes’ new Montana showhome, located in west Edmonton’s Henley Heights community, is a delightfully bright and modern home that’s sure to fit most tastes. The Montana is a 2,284-sq.-ft, threebedroom home with a main floor den, large open living/kitchen/dining area and features a split staircase with large bonus room upstairs.

As soon as you walk in to the showhome – through what would be the front-attached garage, you are struck by the home’s crisp and clean atmosphere, thanks to the light grey walls and subtle, light grey ceramic tile flooring. To your left is a half bathroom with sleek fixtures, and a large closet for coats and extra shoes. Directly in front of you is a walk-through pantry, making access to the kitchen a breeze and putting away groceries effortless.

Now let’s pretend you’re coming into the house from the front door. You walk into a large foyer with a sizeable coat closet with large white doors that open on hinges rather than sliders – a nice touch. Walk through the foyer and on your left are the carpeted stairs with maple railing and patterned metal spindles to the second floor. On the right is a funky home office with silver metallic wallpaper and a plum throw rug.

The 1,053-sq.-ft. main floor opens up off the office and stairs and into a bright open-planned living room, kitchen and dining room. The kitchen features a large white quartz island with double undermount sinks and stainless steel dishwasher (part of the home’s Energy Star six-piece appliance package), white 41-in. cabinets, stainless steel stove, over the range microwave and doubledoor fridge. There’s plenty of prep space in this kitchen and more than enough storage in the walk through pantry.

The dining room is along the back wall of the house and takes advantage of the large patio windows for light. One can imagine entertaining friends and family on the deck in the summer, with guests meandering through

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 23

//SHOWHOME REVIEW

the open glass doors into the house to eat a delicious spread of salads and grilled food laid out on the dining room table. The living room has a sleek fireplace with tile surround.

There’s enough room for a funky coffee table, a couch and a large chair in the corner that’s fit for snuggling, reading or just, well… relaxing.

Walk up those carpeted stairs to the 1,231-sq.-ft second floor and you have a choice to make – go left and enter the bonus room or go right and find the bedrooms and laundry.

The bonus room is large and takes advantage of the space above the double garage. There are large triple-pane windows, which are found throughout the home, that engulf the room with light and offer superior insulation and

sound barrier. There’s room in here for a TV, leather couch and small glass bar table and stools. To the right of the stairs, you’ll find the convenient second-floor laundry room and it’s huge. There’s a front-loading washer and dryer and a linen cupboard too. Right next to the laundry room is the master bedroom.

The master bedroom is best described as three rooms in one. The first room is the ensuite. It has his and her sinks with a smart white quartz countertop, a glass-in shower and large corner soaker tub. The light grey-brown ceramic tile floors and light grey walls ensure this bathroom is bright and inviting. The second room is the walk-in closet with wire shelving at a variety of heights. The third is the main bedroom with enough room for the usual accoutrements and a chaise lounge.

Next up are the two bedrooms which are spacious, bright and tastefully decorated in splashes of colour. There is also a full bathroom between the two bedrooms in a similar colour palette to the ensuite.

Bedrock’s single-family homes in Henley Heights start in the mid $400’s.

The Montana is a lovely home that is ideal for families and those who love to entertain in a bright, modern and happy home.

To come and see if this home is for you, head down to 9739-224 St. NW. Showhome hours are Monday through Thursday 3 to 8 p.m., closed Friday, and noon to 5 p.m. on weekends and holidays. To visit Henley Heights in Secord, from Stony Plain Road head south onto 215 Street, turn west onto Secord Blvd. and go straight after the four-way stop. You can also check out Bedrockhomes.ca/Henley-heights, email henleyheightssales@ bedrockhomes.ca or call Sara DeLuca, area manager, at 780.705.3765.

//INDUSTRY UPDATES – CHBA - ALBERTA

BUYERS STILL WANT

Their Own Space » by JIM RIVAIT

JIM RIVAIT

Jim Rivait is Chief Executive Officer of CHBA – Alberta. Starting his career working in government, Jim spent the last decade working in the private sector specializing in government relations, advocacy, strategic communications, policy development/analysis and association management.

There’s a lot of buzz about off beat housing styles whether they be tiny homes the size of closets or shipping containers repurposed as residences.

The reality is that most people favour tried-and-true options when looking for a place to live.

The enduring popularity of the singlefamily home – even among younger buyers – illustrates that in a big way.

A new survey by American home builders found that buyers in their 20s and 30s overwhelming want a singlefamily home. Only a tenth want to live in the centre of cities and nearly half have zero interest in high-density living.

This group, sometimes called Millennials because they became adults after the year 2000, show a strong preference for suburbs.

They also crave space – four out of five would like a home with three or four bedrooms.

Features on the “most-wanted” shopping list included a separate laundry room and lots of storage space with linen closets, a walk-in pantry and garage making the top 10 list.

While these are the results of a U.S. survey, a look at the Edmonton marketplace shows that the single family home is still a winner with home hunters. Builders here started work on almost 7,000 new single-family homes in 2014 – the most in seven years.

26 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

New neighbourhoods are also expected to become home to three-quarters of Edmonton’s new residents in the coming years.

That should be no surprise because buyers find lots to like about new neighbourhoods and new homes.

New communities are planned so shopping is accessible.

Walking trails, play grounds and recreational features encourage healthy lifestyles. The neighbourhoods are designed to use space efficiently and deal with issues like drainage effectively.

New homes also come with the latest features to provide comfort, safety and energy efficiency.

Floorplans suit the lifestyles of today’s home owners with open designs, walk-in closets and laundry rooms. Great designs offer bright and well-planned work areas and flexible layouts that will adjust to future needs for the household.

The city’s competitive home building sector means you can choose your builder and be confident in their track record.

The commitment to quality construction and craftsmanship translates into years of worry-free living for new-home buyers. Improved products will extend the life of a home and save time and money on maintenance.

New homes are also protected under the Alberta’s New Home Buyer Protection Act, which provides for 10 years of warranty protection.

Besides providing a desirable place to live, homes have also proved to be a good investment and one of the most important ways for people to build wealth.

Interest rates remain at very low levels and forecasters now agree they are more likely to fall further. That provides buyers an excellent opportunity to pay down debt faster and become debt-free earlier.

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

WEST

27

WEST

West Edmonton’s Premier Estate Home Community Features Include:

Whitemud Dr. Gua

rdia

COSTCO

Av

e.

WWW.MYG R ANVI LLE.COM PROUDLY PRESENTED BY ALLDRITT LAND CORPORATION LP

Anthony Henday Dr.

62

Choose From One of Our 5 Award Winning Custom Builders:

28

n Rd .

ESTATES SHOWHOMES Ginsberg Crescent

199 St. Nw

Winterburn Rd. (215 St. Nw)

• Triple car garages • Walkouts onto a pond or tree stand • Great views, amenities, playgrounds, walking trails, and connectivity • Outstanding architectural and landscaping features • Well located in the West with quick and easy access to anywhere • A broad range of services, grocery stores, shopping, professional services and restaurants are already in the area with many more opening this year.

Nw

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WEST

Just Released Stage 8 & 10A Lots Now Available!

Edmonton’s most popular and exciting Craftsman inspired community. Nestled on 305 acres in West Edmonton, Granville features plenty of green space and trails, 2 beautiful ponds, charming masonry features including an old world bridge, a future school site, numerous amenities nearby including Costco within walking distance, and convenient proximity to the Whitemud and Anthony Henday freeways. Choose from an apartment style luxury condo (starting in the $240’s), a duplex (starting in the $360’s), a single family home (starting in the $440’s), or a refined estate home (ranging from the $650’s to $1.5 million).

Modern Style Living With Traditional, Classic Charm Some homes feature walkouts onto a beautiful pond or amenity space.

Whitemud Dr. Gua COSTCO

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Anthony Henday Dr.

SINGLE FAMILY SHOWHOMES

DUPLEX SHOWHOMES

199 St. Nw

Winterburn Rd. (215 St. Nw)

Edmonton Marriott At River Cree Resort

Only a handful of single family 3A and 3B homes remain.

Some homes available for immediate occupancy.

2B and 2C duplex lots, some with walkouts, are selling fast (no condo fees).

Stafford Greens steel and concrete condos now preselling off 62nd Avenue.

Come Home to Granville!

Font: The Sans - Sans Caps Colours: black + PMS 484

WWW.MYG R ANVI LLE.COM 29

PROUDLY PRESENTED BY ALLDRITT LAND CORPORATION LP

//IN THE NEWS

Infiniti Master Builder of Edmonton receives

BEST OF HOUZZ 2015 AWARD Infiniti Master Builder of Edmonton has been awarded “Best Of Houzz” for Design by Houzz, the leading platform for home remodeling and design. The Custom Home Builder was chosen by the more than 25 million monthly unique users that comprise the Houzz community from among more than 500,000 active home building, remodeling and design industry professionals.

The Best Of Houzz Award is given in two categories: Design and Customer Satisfaction. Design award winners’ work was the most popular among the more than 25 million monthly users on Houzz, known as “Houzzers.” Winners will receive a “Best Of Houzz 2015” badge on their profiles, helping Houzz users around the world who discover and love a professional’s work to learn even more about that business’ 30 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

popularity and satisfaction rating among their peers in the Houzz community.

“Infiniti Master Builder loves to build homes, and it shows. We are committed to providing the very best experience for our clients – to help them bring their ideas to life” says Greg Stearns, one of the owners of Infiniti.

“Houzz provides homeowners with a 360-degree view of home building, remodeling and design industry professionals, empowering them to engage the right people and products for their project,” says Liza Hausman, vice-president of industry marketing for Houzz. “We’re delighted to recognize Infiniti Master Builder among our “Best Of ” professionals as judged by our community of homeowners and design enthusiasts who are actively remodeling and decorating their homes.”

Infiniti is a group of passionate professionals, who work with each client to create that special home. From homes for families with special needs to homes for families with changing lives, each home is given careful consideration to fit each client’s lifestyle, while meeting energy efficient milestones. For more information, visit infinitimasterbuilder.com

WEST

199

4

Spruce Ridge Dr.

6

15

Grove Dr.

Woodhave D n r.

McLeod Ave. Highway 16A

1 HILLDOWNS

DEVELOPER: Robson Developments Ltd. BUILDERS: First Avenue Properties, Stylemaster by Rococo Homes, San Rufo Homes, Masterpiece Custom Homes, Celico Builders LOCATION: Grove Drive & King Street

2 VANDERBUILT COMMON

DEVELOPER: SG Developments BUILDER: MacLachlan & Mitchell Homes LOCATION: Century Rd & Viscount Common

3 HARVEST RIDGE

DEVELOPER: Lamont Land BUILDERS: Alquinn Homes, Bedrock Homes, Homexx, Lang Built Homes, Montorio Homes, Pacesetter Homes, Southbend Developments LOCATION: North of Grove Drive and West of Jennifer Heil Way

4 PARKLAND VILLAGE

DEVELOPER: Parkland Village BUILDERS: Country Hills Homes LOCATION: Yellowhead Trail West To Century Rd, North 2 min.

5 HAWTHORNE AT HEATHERGLEN

DEVELOPER: Qualico Communities BUILDERS: Alquinn Homes, City Homes.

LOCATION: North of Hwy 16A on Jennifer Heill Way, East on Hawthorne Gate

Brookwood

Century Rd.

1

Calahoo Rd.

Millgrove Dr.

5 Hawthorne Gate

10

Lon gview Dr.

King St.

Dr.

Calahoo Rd.

Grove

13

11

2

12 Jubilee Park

14

Aspenglen Dr.

9

Jennifer Heill Way

3

To Edmonton

7

Grove Meadows

Dr. Drive

McLeod Ave.

To Edmonton

6 SPRINGATE AT SPRUCE RIDGE

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Alquinn Homes LOCATION: On Jennifer Heil West of Tri-Leisure Center

7 GREENBURY

DEVELOPER: Beaverbrook Communities BUILDERS: Western Living Homes, Dolce Vita Homes, Alquinn Homes, Cami Comfort Homes, MacLachlan & Mitchell Homes LOCATION: Grove Drive & Pioneer Road

8 HILLS OF TWIN LAKES

DEVELOPER: Dyrbye Developments Ltd. BUILDERS: Open LOCATION: 2 miles North of Yellowhead Trail on highway 779 & 1.5 miles West on twp road 534

9 DEER PARK ESTATES

DEVELOPER: Broadview Developments Inc. BUILDERS: Rococo Homes, Evani Homes, Patel Homes, Taillon Homes LOCATION: Grove Drive and Jennifer Heil Way

10 KENTON VILLAGE

DEVELOPER: Beaverbrook Communities BUILDERS: Alquinn Homes, Urbanage Homes, Bedrock Homes, San Rufo Homes, and Centurion Homes LOCATION: Century Road, South of Highway 16 at Vanderbilt Common

Pioneer Rd.

N

Highway 16

Spruce Ridge Road

spruce grove

AREA INFO

8

• POPULATION: 26,271.

• LOCATED: 11 km west of Edmonton on Hwy 16 or 16A. • SCHOOLS: 9 Public & Separate Schools.

• GROCERY: 11 Grocery/ Convenience stores, Safeway, IGA Garden Market, The Real Canadian Superstore & Walmart.

• RECREATIONAL FACILITIES: Twin Ice Arena, Curling Rink, Golf Course, TransAlta Tri Leisure Centre, many soccer fields and baseball diamonds.

• MEDICAL FACILITIES: Member of the West View Regional Health Authority with almost 50 Medical & Dental practitioners.

• PARKS & PATHWAYS: 15+ km of pathways spread throughout 230 hectares of natural & developed park space.

11 THE WOODS AT KENTON

DEVELOPER: Beaverbrook Communities BUILDERS: Alquinn Homes, and Hillview Master Builder LOCATION: Century Road, South of Highway 16 at Vanderbilt Common

12 PRESCOTT

DEVELOPER: Beaverbrook Communities BUILDERS: Averton Homes & MacLachlan & Mitchell Homes LOCATION: Grove Drive, East of Century Road

13 JESPERDALE

DEVELOPER: Melcor Developments Ltd BUILDERS: ReidBuilt Homes, Encore Master Builder LOCATION: North of Grove Drive.

14 STONESHIRE

DEVELOPER: Melcor Developments Ltd BUILDERS: Canyon Springs Master Builder, Stonegate Developments, Lang Built Homes LOCATION: Longeview Drive & Fairway Drive

15 MCLAUGHLIN

DEVELOPER: Melcor Developments Ltd BUILDERS: Bedrock Homes, Look Homes, Pacesetter Homes LOCATION: Westgrove Drive and McLaughlin Drive.

As Alberta’s 11th city, Spruce Grove is your city in the “country”. The place to live....naturally. for more information call (780) 962-7612 or visit our website at www.sprucegrove.org

32

8

6 5

1 7 Genesis Drive

10

3

2

Genesis Lake Blvd.

1 THE BRICKYARD AT OLD TOWN

DEVELOPER: Old Town Development Corp.

BUILDERS: Daytona Homes Master Builder, Kirkland Homes Master Builder, Lakeview Developments LOCATION: West of 50th street and 50th Ave, Stony Plain

2 GENESIS ON THE LAKES

DEVELOPER: Unitech Construction Services Ltd. BUILDERS: Ashton Homes, Caribbean Homes, Fox Maple Homes, Innova Homes, Sierra Homes, Stellar Homes LOCATION: South off highway 16A onto Highway 779 (also known as 48 Street)

3 LAKE WESTERRA

DEVELOPER: Qualico Communities BUILDERS: Coventry Homes, Sterling Homes LOCATION: Golf Course Rd. & 79 Ave.

5 SILVERSTONE

DEVELOPER: Qualico Communities BUILDERS: ReidBuilt Homes LOCATION: South on Boundary Rd at 44th Ave.

6 SPRING LAKE RANCH

DEVELOPER: Wilcor Development Group BUILDERS: Wilcor Homes, Open LOCATION: Spring Lake Exit off of Hwy 16A & Range Road 15

7 SOUTHCREEK

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Alquinn Homes LOCATION: South of Fairway Drive & West of Boundary Road

8 THE ESTATES AT WATERS EDGE

DEVELOPER: Waters Edge Developments BUILDER: Waters Edge Developments LOCATION: Only 20 mins West of Stony Plain On Hwy 43 at Gunn & Just 35 mins West of St. Albert on Hwy 37 located on the North Shore of Lac Ste Anne

9 HILLS OF TWIN LAKES

DEVELOPER: Dyrbye Developments Ltd. BUILDERS: Open LOCATION: 2 miles North of Yellowhead Trail on highway 779 & 1.5 miles West on twp road 534

10 WILLOWS END

DEVELOPER: Jaffer Developments BUILDER: Jaffer Developments LOCATION: 48 Street and Willow Park Road North

• POPULATION: 10,544 and Growing.

• LOCATED: 20 km west of Edmonton on Hwy 16A • SCHOOLS: 4 Kindergarten to grade nine, Senior high, French Immersion & including 2 Religious schools.

• GROCERY: Extensive with new Big Box National Outlets 2 km to the east of town.

• RECREATION FACILITIES: New tri-municipal recreation complex east of town. 18 hole CPGA Championship Golf Coarse, curling, skating, library, Municipal Heritage Centre, Heritage Walk of Murals.

• MEDICAL FACILITIES: New 70 bed acute & extended care hospital.

Full ambulance services. 3 Medical Clinics.

• PARKS & PATHWAYS: Extensive, including 12 km of pathways, watercourses & Lions campground.

stony plain

AREA INFO

9

PUBLIC SCHOOLS • FOREST GREEN 5210 - 45 Street 963-7366 [1] • HIGH PARK 40 Highridge Way 963-2222 [1] [2] • MEMORIAL COMPOSITE 5116 - 55 Avenue 963-2255 [3] • MERIDIAN HEIGHTS 4119 - 43 Street 963-2280 [1][2] • STONY PLAIN CENTRAL 5108 - 55 Avenue 963-2203 [1][2]

SEPARATE SCHOOLS • JOHN PAUL II 5801 - 48 Street 963-2526 [1][2]

PRIVATE SCHOOLS • ST. MATTHEW LUTHERAN 5014 - 53 Avenue 963-2715 [1] Elementary K-6 [2] Junior High 7-9 [3] High School 10-12

33

LIGHTING MISTAKES TO AVOID

BY C. MARIE HEBSON

1. Relying on Only One Light Source. The key to good lighting is layering light at different heights. Don’t rely on one kind of light source, mix a variety of overhead, floor and table lamps. Warm ‘pools’ of light draw people in and create intimacy.

2. Not Thinking About Wattage. Mood is everything, and who wants to dine in bright light? 60 watts for the dining room, brighter when reading, 75 to 100 watts for the living room. Keep overhead lights to 75 watts, with 60 watts on each side. For bathrooms - the best lighting is at eye level, not overhead, which creates shadows. And the best light is diffused light from a white or off-white lampshade.

3. Don’t Go Overboard With Recessed Lighting.

Use recessed lighting sparingly. Too many fixtures turn your ceiling into swiss cheese! Be mindful of where you place that kind of lighting.

Limit overhead can lighting to functional areas such as bathrooms, closets and laundry rooms — the light is too harsh and flat for your living areas, unless you go to smaller halogens.

4. Overhead Lighting That’s Too Bright. There’s nothing worse than bright lights that make you feel like you’re onstage. Use dimmers and soft white bulbs in every room, including bathrooms.

34 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

showhomes EDMONTON & AREA

We made a gourmet kitchen...

You made a huge mess!

1. Edmonton South Allard 780.909.9141 Townhomes Single Family Homes

i

M

ST. ALBERT

Ra y

Range Rd 230

lbe rt

4

il Tra

780.990.9588 Townhomes & Duplexes Single Family Homes

Yellowhead Trail Yellowhead Trail Groat Road

Whyte Ave Wye Road

Whitemud Drive 50 Street

75 Street

3

17 Street

23 Ave

N

Ellerslie Road

111 Street

For a full list of locations and home styles visit RohitCommunities.com

e ay Driv y Hend A n thon

Calgary Trail

780.938.5478 Duplexes Single Family Homes

Whitemud Drive Gateway Blvd

Starling at Big Lake

Terw ille ga rD riv e

Whitemud Drive

4. Edmonton North West

6 Highway 21

780.906.9808 Duplexes Single Family Homes

Baseline Road

Cloverbar Road

Edgemont Place

EDMONTON Highway 14

Anthony Henday Drive

3. Edmonton West

At Rohit Communities, we know your home is with you through memories, milestones, laughter and love.

From the first place to call your own, to the home in which you celebrate your golden years, our homes are the backdrop for your best moments. We built a house, you make it Forever Home.

e Av

FORT SASKATCHEWAN

5

.A

137 Street

Glenridding Heights

153 Ave

66 Street

St

Drive bon ib

2. Edmonton Windermere

An G

7

rive

127 Street

780.862.1060 Bungalow Community

yD da en yH on th

99

ive Dr

92 Street

Callaghan North

n an

ng

2

5. Edmonton North

1

Casselman Landing

780.914.1565 Townhome Condominiums

Cy Becker 780.880.2981 Duplexes Single Family Homes

6. Sherwood Park

7. Fort Saskatchewan

Duplexes 780.952.1572 Single Family Homes 780.862.1060

780.995.6054 Duplexes

Aspen Trails

RohitCommunities.com

Sienna

single family homes

IN CY BECKER

now selling!

TWO STOREY DUPLEXES IN FORT SASKATCHEWAN

single family homes

IN EDGEMONT PLACE

Starting from the $370,000's

Starting from the $310,000's

Starting from the $370,000's

All homes include double rear parking pad, laminate, tile, granite countertops on the main, 6 appliances and many upgraded options available.

Only 10 minutes from Edmonton and Sherwood Park, duplexes in Sienna feature open concept floor plans, granite on the main floor, laminate, tile, rear deck, landscaping and more!

All homes include a front attached garage, laminate and tile flooring, granite countertops on the main, 6 appliances, full landscaping, and more!

Duplexes also available from the $340,000's!

Visit the showhome at 3710 167A Ave NW Call Tyler at 780.880.2981 for more information

Duplexes also available from the $350,000's!

Visit the Showhome at 50 Sierra Wynd, Fort Saskatchewan Call Chris at 780.995.6054 for more information

Visit the showhome at 20204 42 Ave Call Kim at 780.906.9808 for more information *prices as of January 27, 2015, subject to change

5. Forgetting About Dimmers. Lighting is everything.

It creates atmosphere, drama, and intrigue in a room. The easiest way to accomplish this is with a dimmer switch, best places for dimmers are living, dining, theatre, master bedroom and your ensuite.

6. Light Switches Placed in the Wrong Place.

I prefer to locate light switches about 36” above the floor. That way they stay out of the way of the art on our walls. Switches should be about 1½” to 2” off the side of the door casing.

7. Neglecting Your Closet. Your closet needs attention, too. I prefer recessed lighting and/ or track lighting in walk-in closets. The recessed lights stay clear of moving clothes in and out, undermount puck lights are key in lighting up (or down) lighting on shelving. Having good lighting in your closet is essential.

8. Using same collection throughout. Don’t pick a collection and put that everywhere in your home, that is so boring! Find your inspiration fixture that sets the tone then find complimentary fixtures for each key area that relates to that space. EG: Dining Room, Foyer, Kitchen Nook, Kitchen Island, Master Bedroom etc.

9. Thoughtful mix of finishes: You don’t have to match you can mix your finishes - within reason.

Be aware of your preferred metal colours and the combination of finishes you want to use. By mixing thoughtfully, the end result can be very sophisticated.

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 35

//MORTGAGE ADVICE

What the Bank of Canada’s rate drop means for HOMEBUYERS AND HOMEOWNERS » by ALYSSA RICHARD

ALYSSA RICHARD

is the Founder and CEO of RateHub.ca – a financial product comparison site that aims to empower Canadians to make smart financial decisions.

On Jan. 21, Governor Stephen Poloz announced that the Bank of Canada (BoC) was dropping its overnight rate by 0.25 per cent, from one per cent to 0.75 per cent. It was the first time the rate had been changed in nearly 4.5 years.

First, if you read the news or happen to follow even a few personal finance experts on Twitter, you probably got the sense that it came as a surprise – and it did. Until a few months ago, everyone expected Canada’s economy to finally pick up in 2015, and for interest rates to go up along with it.

Unfortunately, as you’ve probably noticed by the cheap gas prices you see around your city now, falling oil prices have already hurt our economy. Profits are down, people are losing jobs… and the BoC’s decision to cut its rate was meant to do one thing: encourage banks to drop their Prime rates, so Canadians who were feeling the negative impacts of what’s been happening in the oil industry could keep up with their existing debt commitments.

36 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Conversely, at first, the banks chose to ignore the BoC’s rate cut and refused to lower their Prime rates. Stating concerns that dropping interest rates further would actually cause Canadians to take on more debt they couldn’t afford to repay, versus help those who were feeling the itch, the banks didn’t want to budge. Finally, one week after the overnight rate was dropped, the big banks all lowered their Prime rates – but only by 0.15 per cent, not the full 0.25 per cent. There’s no telling how long this will last, or if the banks will drop their Prime rates further, but here’s what it means for you.

Unfortunately, as you’ve probably noticed by the cheap gas prices you see around your city now, falling oil prices have already hurt our economy.

If you’re a homeowner with a variable mortgage rate, your bank’s decision to drop its Prime rate will result in a smaller monthly mortgage payment. A 0.15-per-cent decrease won’t save you much – maybe $40 per month on a $400,000 mortgage – but it’s still something. And if you are carrying extra debt or want to make a lump sum payment on your mortgage later this year, use this savings to help you do so.

If you’re thinking about buying a home this year, don’t let these lower interest rates make you think you can afford an extra-large mortgage. There’s a lot of uncertainty surrounding this rate cut, and we don’t know how long it will last. It’s really important to buy a home that is below your maximum price limit and to stress test your mortgage; that means tacking on two per cent to the current interest rate and seeing if you could still afford the payment, if interest rates went up.

The banks are right to be concerned about Canadians taking on more debt; that’s what happens in low interest rate environments. Take this rate cut for what it’s really worth: a chance to pay down your current debt sooner.

.

Dr

Highway 2

7

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• LOCATED: Just minutes northwest of Edmonton with great access to St. Albert Trail, Anthony Henday Drive and Hwy 2

ero se Dr.

Be

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St ve . ny A lA Ken r h il Mc e c v r u Ri h nC on ge sto ur in St rW

Poirier Ave.

170 St.

184 St.

Levasseur Rd.

1 LACOMBE PARK ESTATES

DEVELOPER: Genstar Development Co. BUILDERS: OPEN LOCATION: Giroux Rd. & Lacombe Dr.

St .

Alb

er t

127 St.

Campbell Rd.

TO EDMONTON

DEVELOPER: United Communities BUILDERS: OPEN to the Public LOCATION: North corner of 127th Street & 195 Ave

7 PINNACLE RIDGE ESTATES

DEVELOPER: Pinnacorp Investments Inc. BUILDERS: Marco Antonio Homes, Alves Construction Inc, Heredity Homes, Design Innovation, Open LOCATION: Starkey Road & Bellerose Drive on Sturgeon River

3 ERIN RIDGE

DEVELOPER: Qualico Communities BUILDERS: Daytona Homes Master Builder, Parkwood Master Builder LOCATION: Coal Mine Road and Everitt Drive.

167 Ave.

6

6 TUSCANY HILLS & UPPER TUSCANY

2 NORTH RIDGE

DEVELOPER: Genstar Development Co. BUILDERS: Ironstone Homes, San Rufo Homes, Vista Homes LOCATION: Northridge Dr. and Hogan Rd.

Boudreau Rd.

Tr.

156 St.

Si

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be r

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Rd.

Dr. on ibb y G Ra

Lacombe Dr. G i

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Villeneuve Rd.

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• POPULATION: 60,994

4

.

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8 REGENCY HEIGHTS ESTATES IN KINGSWOOD

• SCHOOLS: 30 schools offering specialized programming through Catholic, Public and Francophone school systems. Easy access to Postsecondary education by transit or roadway.

• GROCERY/SHOPPING: 8 grocery stores including all major grocery chains plus speciality organic stores. Full shopping amenities from independent to big box stores.

• RECREATION FACILITIES: 28 ball diamonds, 47 soccer/football fields, 4 Regulation Rugby Fields, 1 regulation BMX track, 7 pools, 3 NHL size hockey arenas, 2 indoor arenas and 27 outdoor ice surfaces, Arden Theatre, Historic sites, Art Gallery, Museum

st. albert

AREA INFO

TO MORINVILLE Twnship 544

• MEDICAL FACILITIES: Sturgeon Community Hospital, 2 medical centres, St. Albert & Sturgeon Primary Care Network, plus other health practitioners.

• PARKS & PATHWAYS: 85 km of the Red Willow Trail system connecting all residents to the river valley. 76 city/ school playgrounds, and 2 dog friendly parks

Cultivate Family in St. Albert! http://movetostalbert.ca

DEVELOPER: Canterra Developments Corp.

BUILDERS: DiGiuseppe Interior Design, Las Palmas Estate Homes LOCATION: Poirer Ave, just off Sir Winston Churchill Ave.

4 UPPER MANOR POINTE

DEVELOPER: Upper Manor Pointe BUILDERS: Open LOCATION: Corner of Coal Mine Road & Starkey road

5 THE CLUB & RESIDENCES OF RIVER’S GATE

DEVELOPER: Beaverbrook Communities BUILDERS: Las Palmas Estate Homes, Alquinn Homes, Heredity Homes, Open LOCATION: Sturgeon Road between the Sturgeon Valley Golf Course & Riverlot 56 Natural Area

Mortgage solutions that work for you.

Whether you’re buying your first one or your fifth, at ATB, we’ll work together to sort out the details and get you into the home of your dreams.

Call Eloise today to find the right mortgage option for you.

Eloise Alves Mortgage Specialist ATB Financial Phone: 780-886-5133 Fax: 780-665-4341 Email: ealves@atb.com

NEW DELHI

SAVING І BORROWING І INVESTING І KNOW-HOW

37

Get involved with Sage!

Sage is a non-profit seniors’ serving organization, offering a wide range of programs that enhance the quality of life for seniors in Greater Edmonton. Get involved with Sage! Take advantage of the many resources, programs and services. Explore a variety of volunteer opportunities. Consider supporting at-risk seniors by making a charitable donation. Sage has been serving seniors in your community for over 40 years.

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

38

ST. ALBERT

The Dream Builder Making your Dream Home a reality!

This beautifully appointed home is over 5487 square feet of finished area

Showhome located in beautiful Sturgeon County at 113 Pinnacle Pointe in Pinnacle Ridge Estates Showhome Hours: Saturday and Sunday 1 to 5 pm, Weekdays available by appointment

ony Anth

780.460.2529

Pinnacle Ridge Estates

127th Street

Starkey Road

Come visit our show home

Strugeon Road

day

Hen

e

Driv

• www.designinnovationsinc.com

Turn right off Starkey road into Pinnacle Ridge(Pinnacle Way) remain on Pinnacle Way follow up to Pinnacle point.

Showhome is located on Corner of Pinnacle Point.

Celebrating 25 years of Custom Building and Design.

39

Sturgeon Valley’s Exclusive Residential Estate Lots Partial Walkout lots from $295,000

Come out & experience one of the finest new subdivisions.

• Fully serviced lots • Granite & aluminum perimeter fencing • Miles of walking trails • Old Glenora street lights • 1/2 - 1.13 acre lots

View of Sturgeon River

Starkey Road & Bellerose Drive on Sturgeon River

• Excellent access to major freeways • Cable TV with high speed cable access • Stringent Archietctural Controls • With water, wooded ravines and river valleys that are a haven for birds, wildlife and people alike.

Elegant stone address signs for cul-de-sacs

Aerial overview

Ed Basaraba www.pinnacleridge.ca

40 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Community centre under construction

Early moring mist on River

Cell: 780-498-6585

real estate

COMMUNITY PROFILE//

PINNACLE RIDGE ESTATES

O

verlooking the magical morning mists of the Sturgeon River, Pinnacle Ridge Estates is unlike any other, capturing the spirit of executive estate living, while offering privacy and beautiful tranquil streetscapes with the lowest residential taxes in the Greater Edmonton region. Sturgeon’s newest executive acreage-style community exudes a quality of life that is unparalleled. Take pleasure in the privacy and space to relax while enjoying the fresh, natural beauty just outside your backyard. Every expressive detail has been considered in the planning to make everyday living an exceptional experience... truly the Pinnacle of experiences.

An abundance of natural attractions with water, wooded ravines and river valleys Imagine being only five minutes north of Edmonton and St. Albert, nestled amid the scenic hillside and meandering Sturgeon River landscape. Realize the serenity of a country lifestyle without compromising the convenience of major services, schools, recreational pursuits and health care. Paved roads and full city services make the transition to country estate living in Sturgeon Valley seamless.

“Pinnacle Ridge Estates has been the custom estate standard for Sturgeon County since its inception in 2004,” says Pinnacorp Investments President Ed Basaraba. The developer of Regency Estates and Allen Ridge Estates both of Sturgeon County, he also created Bonnie Lake Resort, a 111-lot recreation subdivision. A resident of the area since 1972, Basaraba is intimately acquainted with the virtues of the setting that hosts an abundant of natural attractions, with water, wooded ravines and river valleys that are a haven for more than 200 species of birds, wildlife and people alike.

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 41

//COMMUNITY PROFILE

“I immediately saw that this parcel of land on the river had the potential for walk-outs and cul de sacs and could capture our singular vision of country estate elegance,” recalls Basaraba, who wanted to develop a tranquil sanctuary of leisure and refinement. “My wife and I often visit Florida, and admire the communal landscaping of the common areas and flower laden boulevards,” he says, adding that he adopted a similar strategy to reflect the warmth and character of this community.

“Residents like to stroll along the river, so we developed paved walking trails along it, which complements existing Sturgeon County pathways,” adds Basaraba. Old Glenora-style street lights of decorative cast iron are paired with almost every home. Granite and aluminum fencing on the perimeter of the subdivision and a striking entrance feature further distinguishes Pinnacle Ridge Estates as an enviable destination. One can easily surrender to the planned and natural charms of this picturesque setting.

Offering 170 acres, the community further hosts 34 acres of reserve land and greenspace

42 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

that includes a future community centre with hall with seating for 65, kitchen, washrooms, storage and meeting rooms. A game of pool and shuffleboard add to outside amenities that include a basketball court, horseshoe pit, fire pit, a bocce ball court and a gazebo with mailbox access. This is a perfect place for those special gatherings of family and friends.

Premium lots including walkouts are currently available with southern rear views facing the river. With sizes ranging from one-half to 1.13 acres, these choice building pockets span from 65 to 105 ft. wide with depths that run up to 332 ft. Minimum square footage constraints for housing types ensure that they are developed to their potential with optimized curb appeal.

“Our architectural controls are very descriptive,” admits Basaraba. “We review housing types, mandate square footage and exterior material finishes and instate landscaping controls to ensure that Pinnacle Ridge Estates remains a community of enduring quality and value.” Facades also require a minimum amount of stone, brick, or tile with constraints on the use of vinyl and wood siding. Roofs of cedar, clay tile, rubber or metal further ensure distinction. “We don’t mandate styles per say but require a certain size is upheld for consistency within the community.”

Pinnacle Ridge Estates hosts some of Edmonton’s most notable and awardwinning custom home builders, including Design Innovations, Marco Antonio Homes, Davery Homes of Distinction, Alves Construction and Heredity Homes. Every homeowner can be confident that their design will capture their dreams with a residence that sits like a diamond within this remarkable setting.

“Our buyers love how clean and well maintained the community is,” he continues. “They relax on the benches by the river and are excited about the

opening of our community centre this fall. I am one of the original homesteaders at Pinnacle Ridge and have to admit that the views and walking trails are amazing.�

an upper end community of unsurpassed luxury and quintessential detail Gifted with a locale that offers canoeing, kayaking and boating in the spring or a multitude of recreational choices from swimming, soccer, gym and ice skating at the Servus Centre located just minutes away in St. Albert. Beautiful St. Albert has an active art community, Farmer’s Market, Botanical Society and more than 70 other clubs all just minutes from Pinnacle Ridge Estates. Th is ideal location is situated two km. from St. Albert and three from Edmonton, and also enjoys quick access to the Anthony Henday, allowing this classic estate setting the best of both worlds.

The protected banks of Sturgeon River serve as a foundation for Pinnacle Ridge Estates. The developers of Pinnacle Ridge Estate have created a vision to present an upper end community of unsurpassed luxury and quintessential detail that no other estate community may compare in the Edmonton area. Phase one has been sold out and a limited

number of lots are available in Stage 2 & 3. Phase 4 & 5 lots are now selling including walkouts. Elegant entranceways, attractive boulevards, stylish street lighting and ample landscaped greenspaces complement the stunning views from your home. Walking trails and pathways in your neighborhood will afford you and your family the comfort of accessibility and relaxation to enjoy for years to come.

Wake up in the morning and hit the links at the nearby Sturgeon Valley Golf & Country Club. Th is mature, wellmanicured 18-hole golf course is waiting for you just down the street in the heart of Sturgeon Valley or take advantage of one of the other six courses within 10 minutes of your new enclave.

Acres of reserve land are peppered throughout the Sturgeon Valley, offering up a bounty of nature viewing opportunities.

Take a leisurely stroll through the provincial natural area River lot 56 and discover its treasures. Maintaining the integrity of the river valley eco-system ensures this area continues to be a haven for many local birds and wildlife. Cycling enthusiasts will enjoy the new paved bike path that spans 3.2 km., connecting Sturgeon Road to Hwy. 28, or connect to the 80 km. of paved Red Willow walkways of St. Albert.

For more information about Pinnacle Ridge Estates, contact Ed Basaraba at 780.498.6585 or visit pinnacleridge.ca

You’re ready to make your move

Convenient appointment, day or night, home or office • Competitive rates on a wide selection of mortgages •

For convenient mortgage service, contact: Nancy Bruno-Romeo Mobile Mortgage Specialist Tel.: 780-973-8892 Cell: 780-908-7183 nancy.bruno@bmo.com What’s next for you?

® Registered trade-mark of Bank of Montreal.

Mortgage Expertise at Your Doorstep 24/7 74_BMO_20/13

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

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

• Use available transit alternatives.

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

• Donate reusable clothing and linens to charity.

Most pick-up regularly in your area.

• Become environmentally active in your community.

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

Recycle girl(19/9)-ja/ah

44 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

121 St.

112 St.

132 Ave. 127 Ave. Yellowhead Trail

Kin gsw ay

Av e.

111 Ave.

1 CASTLEBROOK MEADOWS DEVELOPER: Concept Realty BUILDERS: Concept Homes LOCATION: 179 Ave. & 104 St.

2 CASTLEBROOK

DEVELOPER: Canterra Developments Corp.

BUILDERS: Open, LOCATION: 110 St. & 176 Ave.

3 HAWKS RIDGE AT BIG LAKE

DEVELOPER: Walton Development and Managment L.P BUILDERS: Sabal Homes, Montorio Homes, Morrison Homes, Reid Built Homes LOCATION: North of Yellowhead Trail on 215 Street

DEVELOPER: United Communities BUILDERS: OPEN LOCATION: North corner of 127th Street & 195 Avenue

9 PALISADES 109 St.

124 St.

149 St.

To Spruce Grove & Stony Plain

156 St.

118 Ave.

DEVELOPER: Reid Worldwide Corporation BUILDERS: Fekete Homes, Rococo Homes LOCATION: backing onto Lois Hole Provincial Park at Big Lake

8 TUSCANY HILLS & UPPER TUSCANY

4

97 St.

170 St.

184 St.

7 MORNINGSIDE

162 A ve.

153 Ave.

12

il Tra ert Alb St.

Anthony Henday Dr.

9

113A St.

137 Ave.

5 11

7

rT ra il

1 10 2

127 St.

sie

139 St.

es

6

167 Ave.

135 St.

M

Groat Rd.

k

171 Ave.

142 St.

ar

An th on yH en da yD r.

215 St. (Winterburn Rd.) Ray Gibbon Dr.

Hwy 44

To St. Albert

3

M

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Pacesetter Homes, Coventry Homes, Reid Built Homes, Landmark Homes, Tristate Signature Homes LOCATION: 167 Avenue & 127th Street

195 Ave. 176 Ave.

northwest

6 NEWCASTLE 8

4 VILLAGE AT GRIESBACH

DEVELOPER: Canada Lands BUILDERS: Homes By Avi, Impact Homes, Coventry Homes, Dream Homes

By Krisner, Pacesetter Homes, Slokker-West, Carrington Communities LOCATION: 137 Avenue North On 97 Street West on Griesbach Road

5 TRUMPETER BY BIG LAKE

DEVELOPER: United Communities BUILDERS: Estate Homes- Fekete Homes, Montorio Homes Classic Homes- Homes by Avi, Sabal Homes, Montorio Homes, Sterling Homes Duplex- Homes by Avi LOCATION: North on Anthony Henday Drive, West at 137th Ave. and 199 St.

DEVELOPER: MLC Group BUILDERS: Bedrock Homes, Landmark Communities, Landmark Homes, Landmark Legacy LOCATION: South of 167th Avenue & East of 139 Street

10 LEGACY POINTE

DEVELOPER: Concept Realty BUILDERS: Concept Homes Master Builder LOCATION: 18230 - 104A Ave.t

11 STARLING AT BIG LAKE

DEVELOPER: Rohit Land Development BUILDERS: Celebration Homes, C2 Homes, Green Living Homes, Rohit Communities, Cameron Homes, Art Custom Homes, Gill Built Homes LOCATION: North on Anthony Henday Drive, take Ray Gibbons Drive, left on 137 Ave

12 HUDSON PARK

DEVELOPER: Beaverbrook Communities BUILDERS: Dolce Vita Homes, Cameron Homes LOCATION: Just off 137 Ave & 141 St.

45

NORTHWEST

46

NORTHWEST

47

NORTHWEST

W

n

Built Green (20/3)-/cb

48 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

NORTHWEST

Welcome to

107 St. & 174 Ave.

1 LAKE LOT REMAINING

Welcome home to Castlebrook, a family friendly, beautifully landscaped neighbourhood conveniently located in northwest Edmonton. Castlebrook is an architecturally controlled neighbourhood which protects the value of your investment. Choose from a variety of lots, including one backing onto the lake.

780.413.7150 www.canterradevelopments.com

LOTS AVAILABLE TO THE PUBLIC

49

LOWER OIL PRICES, ALBERTA’S ECONOMY AND NEW HOUSING CONSTRUCTION IN 2015 (PART 1)

The continuation of oil price declines into the new year

Comparing these numbers to our average surveyed

has made life difficult for forecasters who are trying to

national outlook shows that, for the moment, the general

predict the overall outcome that lower oil prices will have

expected effect of lower oil prices on Alberta’s economy is

on Alberta’s economy in 2015. This is because oil has yet

for it to perform at par with the nation for the first time in

to show signs of settling within a stable trading band, in

years. In other words, no comparable boom, nor bust, but

which exposed companies can confidently operate – or

symmetry.

make decisions – in.

For those on the supply side of the new housing market,

In the final month of 2014, many economists were

the lack of any sort of positive performance gap between

predicting oil would trade between $65 and $85/barrel

Alberta’s economic growth and the nation’s could be

over the course of this year. Today, it is more likely to

concerning as decreases in this gap has correlated

hear about a price band between $45 and $65/barrel,

strongly with decreases in net migration levels to the

while the idea of a $100 barrel continues to become the

province.

stuff of legends.

The past few years saw record-setting levels of

With this in mind, it is likely that the beginning of this year

in-migration to the province thanks to economic growth

will be characterized by provisional outlooks as markets

that largely outperformed the rest of the nation’s. As a

work to form a sustainable price floor for oil, and

result, the number of new housing units under construction

economists look for data trends that will help shape the

in Alberta remains at record-setting levels today. Moving

measurable impact that lower oil will likely have.

forward, with a decrease in net migration possibly looming,

At Intelligence House, we have been following this situation closely, while keeping an updated survey of economic outlook provisions. As of now (under an assumed $45 to $65/barrel trading price band), an

it is worth considering the extent to which these homes are being constructed in order to satisfy current demand, or what was once expected to be future demand?

More on this next time…

average of these forecasts is predicting that Alberta’s economy will expand at a rate of 2.2% in 2015 (down from 3.9% in 2014). Furthermore, employment growth is expected to slow to a rate of 1.5% (down from 3%), while unemployment is expected to rise to 5% (from 4.6%).

Intelligence House is Edmonton’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real estate industry.

50 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield

NORTHWEST

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 51

//HOMEBUYERS’ HELP

Hardscaping AND YOUR NEW HOME » by SHANE’S LANDSCAPING & CONTRACTING LTD. What is hardscaping?

Definition: “Hardscaping” or “ hardscape” refers to the inanimate (non-living) elements of a landscape. In particular, as the name implies, “ hardscaping” refers to hard elements such as those composed of concrete, brick or stone and also wood. For instance, constructing a patio or deck is a hardscaping project, as is a brick walkway, a stone wall, a stone water feature or a wooden fence

The possibilities are endless when accentuating your new home with the many applications of hardscaping.

The array of products both ready-made and natural available on the market today is extensive. Imaginative ideas and adventurous designs, delicately balance the best in form and function.

Make your outdoor living spaces extraordinary with the unique combinations available in a variety of shapes, sizes and colours. Hardscaping benefits are the perfect accent to a variety of homes landscapes both large and small.

Hardscaping serves very useful and practical functions. The best place to start when considering the addition of a hardscaping feature to your new home is to contact a qualified full service landscaping contractor. Below we have listed a few of the more popular hardscaping applications: PAVING STONES – Endure the test of time

From warm and elegant Old World charm to progressive clean lines, durable paving stones can be fashioned in infinite patterns for stunning patios, courtyards, driveways, sidewalks and other outdoor areas RETAINING WALLS – Create an outdoor oasis

Stylish and strong, an artfully constructed retaining wall provides necessary support and pleases the eye. Shape and accent your landscape with one or a combination of our numerous walls that boast the utmost performance and grace.

SEAT WALLS – Function and form

Create the ideal setting for entertaining your family and friends with seat walls. From elaborate patio enclosures to built in benches, flower and garden beds, seat walls allow you to create beautiful and functional surrounds with durable long lasting structures for any landscape.

52 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Photo supplied by Shanes Landscaping & Contracting Ltd. OUTDOOR LIVING – The perfect place to entertain

Add a fireplace, fire pit, grill surround, pergola or any inventive combination to create an enchanting outdoor living environment. Ideal for relaxing and entertaining family and friends, outdoor living rooms provide the best of both worlds the comfort of the indoors in a natural setting. The attractive focal point provides an environment that begs to be experienced. No other home improvement can so quickly, easily and affordably produce such a striking visual impact while adding permanent value to your home.

WATER FEATURES – Liquid assets for your yard

Water features add soothing sights and sounds to help you relax and de-stress. With today’s technology, adding a water feature to your outdoor living space has never been easier or more affordable. From a babbling brook, to an eye catching waterfall or a custom koi pond, a water feature is a welcome addition to any outdoor space making you the envy of the neighborhood.

There are several more hardscaping applications than listed here; we have barely scratched the surface on all that is available. Every month, we will continue to provide you with the information you need to make a well informed and smart landscaping decision. You cannot go wrong with the smart investment of a quality hardscaping feature – not only will it be a welcome sanctuary for your family, children and pets for years to come, it will also increase the value of your home.

Shane’s Landscaping & Contracting Ltd. is locally owned and specializes in residential, estate and acreage landscape construction. From patios to water features, driveways, retaining walls, lighting, walkways, fences, irrigation, garden beds, boulders, barbecue, fire pits and the new synthetics grasses, we can help make your landscaping beautiful. Planning your landscaping is an exciting time and we are here to help. Our team of friendly knowledgeable and hardworking staff can make your landscaping dream a reality. Call us now for a consultation at 780.983.8233 or view our portfolio at shaneslandscaping.com

NORTHWEST

Minutes from St. Albert and the Lois Hole Provincial Park

A low-impact, sustainable neighbourhood

Choose from over 50 floor plans and ravine-backing lots

Single Family Homes, Duplexes, Townhomes & Bungalows by Award Winning Builders: Art Custom Homes, Averton Homes, C2 Homes, Cameron Homes, Celebration Homes, Green Living Homes, Gill Built Homes & Rohit Communities

VISIT THE SHOWHOME PARADE AT 137 AVE & RAY GIBBON DR

StarlingAtBigLake.com

53

//IN THE NEWS

Luxury homes SEE DOUBLE-DIGIT INCREASE IN SALES » by LYDIA MCNUTT Luxury homes are selling like hotcakes in Canada’s major markets, according to Sotheby’s International Realty Canada’s latest Top-Tier Real Estate Report. That upward trend is expected to continue well into 2015, with historically low mortgage lending rates, a solid Canadian economy and an ongoing flow of immigration, migration and foreign investment into Vancouver, Calgary, the Greater Toronto Area and Montreal.

The report examined properties sold in the $1-millionplus range between Jan. 1 and Dec. 31, 2014, analyzing sales volume, the number of days on market, and the percentage of homes that sold over asking price.

Canada’s big four all saw double-digit gains in the sale of luxury homes. The GTA led the pack with a 38-per-cent increase over 2013 – head and shoulders above Canada’s priciest market of Vancouver, which saw gains of 25 per cent, and Montreal’s 21 per cent. Calgary’s more modest increase of 16 per cent is attributed to fluctuations in the oil market, which introduced uncertainty to the luxury market.

With demand up and inventory down, luxury homes favored sellers in 2014, showing a drop in days on market and a rise in the number of homes sold over asking price in the GTA and Vancouver. The steady rise in the benchmark price of a typical, detached single-family home (now well 54 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

beyond the $1 million mark in what are considered “conventional” neighbourhoods) has propelled the price of luxury homes upward in these cities as well.

According to Sotheby’s International Realty Canada president and CEO Ross McCredie, “2014 was another benchmark year for high-end real estate in Canada, as demand continued to be fueled by historically low lending rates, a strong economy and steady immigration and migration into Canada’s major cities.

We expect the market to remain strong in the GTA and Vancouver well into 2015, and for demand to outweigh available inventory, especially when it comes to detached single-family homes. The outlook for Montreal and Calgary is positive, but more conservative – both cities are heading into the year positioned to maintain balance.”

Ant Hen hony day Dr

215 Street

NORTHWEST

ead owh Yell Trail

N

55

//IN THE NEWS

Urbanity Custom Homes SHOWHOME NOW OPEN IN FRASER RIVER PARK » by SALINA YARA HALABI Urbanity Custom Homes invites you to visit its stunning new showhome, The Richmond, in Fraser River Park, located south of 153 Avenue and east of 14th Street at 617 Fraser Vista.

The Richmond is a 1,694-sq.-ft. executive-style bungalow. Featuring a spacious open concept living plan, this new showhome has been elegantly designed and showcases a beautiful gourmet kitchen that will definitely win over cooking aficionados. With 10- and 12-ft. ceilings throughout the home, the Richmond provides an open and airy atmosphere. The basement of the home has also been developed, and at 1,337-sq.-ft. it is nothing short of impressive. The basement offers homeowners a fully equipped theatre room, forced walkout basement patio and many more exciting features to explore.

Ideally located just minutes away from access to the Anthony Henday Drive off of 153 Ave., Fraser River Park is a flourishing community filled with walking trails and greenspaces. This beautiful ravine development in Northeast Edmonton offers an array of natural features to enjoy.

56 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Amenities are abundant near Fraser River Park, and this includes the new open-air commercial district – Manning Town Centre! Featuring shopping, dining and entertainment options, such as Lowe’s, Marshalls, Homesense and Empire Theatres, this retail and service area provides residents with first-rate facilities to enjoy. There are also future plans for an LRT extension near the community that will add even more travel options and convenience for residents.

To learn more about Urbanity Custom Homes, visit the stunning new showhome, Monday to Thursday from 5 to 8 p.m., weekends from noon to 5 p.m. or visit urbanityhomes.com

187 Ave.

To Fort Saskatchewan

6

3 50 St.

8

4

.

10 Ave 144

ve.

137 A

Fo rt Rd .

137 Ave.

82 St.

132 Ave.

129 Ave.

118 Ave.

Yel Hermit low age hea dT rail

1 CRYSTALLINA NERA

DEVELOPER: Genstar Development Co. BUILDERS: Pacesetter Homes, Park Royal Homes, Daytona Homes Master Builder, Ironstone Home Builders LOCATION: 82 Street & 180 Avenue

2 McCONACHIE STAGE 7

DEVELOPER: Ranger Realty BUILDERS: Bethpage Construction Corp, Sangam Homes Ltd, Sha-Ture Homes Inc., White Eagle Homes LOCATION: 167C Ave and 59-60 Street

3 MccONAcHIE LANDING

DEVELOPER: MLC Group/Cameron Communities BUILDERS: ReidBuilt homes LOCATION: 167C Ave and 59-60 Street

4 CY BECKER

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Daytona Homes Master Builder, Rohit Communities LOCATION: Manning Fwy & 167 Avenue

5 VILLAGE AT SCHONSEE

DEVELOPER: Bedrock Homes BUILDER: Bedrock Homes LOCATION: 5495 & 5497 Schonsee Drive

151 Ave.11 13

DEVELOPER: Ranger Realty BUILDERS: Urbanity Custom Homes, Open LOCATION: 147 Avenue and 14 street

12 CASSELMAN LANDING

DEVELOPER: Rohit Communities BUILDERS: Rohit Communities LOCATION: 5203 149 Avenue NW

Tr. Victoria

97 St.

144 Av e.

12

66 St.

.

Ave 153

11 FRASER RIVER PARK

167 Ave. 34 St.

167 Ave. 2

1 St.

5

7

20 St.

Bon Accord 1/9 Gibbons

DEVELOPER: Cameron Communities BUILDERS: Sterling Homes, Lincolnberg Homes LOCATION: Manning Freeway and 153 Avenue

northeast

10 MANNING VILLAGE

Hoo ke Rd

1

13 FRASER VISTA

6 MccONAcHIE

DEVELOPER: Walton Development and Managment L.P BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Sabal Homes, Morrison Homes, Royal West Homes, Carlisle Group LOCATION: 167 Avenue and McConachie Way

DEVELOPER: G3 Development Services Inc / Lamont Land Inc BUILDERS: Bedrock Homes, Prominent Homes LOCATION: Fraser Vista is located in the Fraser Community, north on Victoria Trail and east on 153 approx.

7 COLLEGE WOODS AT LAKEVIEW

DEVELOPER: College Woods Development Inc. BUILDERS: Entity Homes, Prominent Homes Ltd, Sehra Homes LOCATION: 89 Street and 181 Avenue

8 THE TERRACE AT SCHONSEE DEVELOPER: Brookfield Residential BUILDERS: Jayman MasterBUILT, Coventry Homes, Sterling Homes, City Homes LOCATION: North of 167 Avenue on 71st Street

9 VITA CRYSTALLINA NERA

DEVELOPER: Walton Developments BUILDERS: Morrison Homes, Sabal Homes, Homexx Homes LOCATION: north on 82nd street and 180th Avenue T:6.75”

QUICK POSSESSION T:1.5”

HOMES NOW AVAILABLE DiscoverTheTerrace.ca

57

NORTHEAST

NEW WATERFRONT LOTS NOW AVAILABLE!

genstar.com

58 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

NORTHEAST

It’s easy to be elegant by nature when your neighbours are greenways and an urban forest. Crystallina Nera is Edmonton’s breath of fresh air — dynamic, sustainable, and centered around the Ribbon of Green in the Lake District.

Conveniently close to Anthony Henday Drive and Yellowhead Trail, you’re surrounded by nature but only minutes away from the rest of Edmonton. Be inspired to explore the extensive trails, lakes, and urban forest all within walking distance from your new home. Enjoy all of these great amenities, including two future schools close by, with no additional homeowners association fees.

With competitively priced homes built by your choice ANTHONY HENDAY DR.

of award-winning regional builders, now is the time to

Showhomes now open.

66 ST.

POPLAR LAKE

of Crystallina Nera.

82 ST.

experience living by nature in the colourful community

167 AVE.

Crystallina Nera is located at 82 Street & 180 Avenue, Edmonton, Alberta.

VISIT SHOWHOMES BY: Park Royal Homes 780.440.4200 Daytona Homes

780.452.2288

Pacesetter Homes 780.483.2653 Ironstone Homes

780.454.7799

elegant by nature FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 59

Playgrounds

Pathways District Campus

Parks Shopping

60

NORTHEAST

HOMEXX

~ BUILT ON A SOLID REPUTATION SINCE 1986 ~ IMMEDIATE POSSESSIONS FROM THE OPTIONIZING $380’S AVAILABLE

**Harvest Ridge – Single Family 147 Harvest Ridge Dr., 780-733-7922 Spruce Grove Model: Cedar

**West Haven Park Single Family 103 Kirpatrick Crescent 780-732-1312 Leduc Model: Maple

**Harvest Ridge – Rear Parking Lane 109 Hewitt Circle, 780-733-7923 Spruce Grove Model: Escape

**West Haven Park Rear Parking Lane 105 Kirpatrick Bend 780-732-1310 Leduc Model: Escape

SHOW HOME HOURS *Monday-Thursday: 2pm-8pm **Monday-Thursday: 3pm-8pm Weekends & Holidays: 12–5pm

*Vita at Crystallina Nera Rear Parking Lane 7715 - 181 Ave. (2 showhomes) 780-733-7920 Model: Topaz/Escape *Vita at Crystallina Nera Single Family 7663 - 181 Ave (2 showhomes) 780-733-7924 Model: Birch/Cedar

HOMEXX.CA

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 61

FORT SASKATCHEWAN

MOVE INTO A BEAUTIFUL COMMUNITY

Active Homes

Duplex Active Homes Rosecroft Custom Homes

Single Family Detached Garage Active Homes Impact Homes Rosecroft Custom Homes

Single Family Attached Garage Active Homes Impact Homes Rosecroft Custom Homes

SEE ALL THE STYLISH SHOWHOMES

300’s

STARTING IN THE MID $

You've come to the right place, Fort Saskatchewan. SouthPointe offers the perfect blend of style and price in a community that encompasses a park, playground, constructed wetlands and walking trails. Only minutes away from grocery, retail and adjacent to the new Fort Sask Hospital.

PLUS A NEW K-9 SCHOOL IS SCHEDULED FOR COMPLETION IN 2016.

rth No

5

1 AY HW VE. 9A

9

HIG

Y1 WA GH HI

8

5

www.south-pointe.ca

tch ska Sa

St. 101

N .

VE 9A

an ew

92 St.

SO

St. 94

62 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

1

Y2 WA

86

St.

Getting to SouthPointe Showhomes: Take Highway 15 NE from Edmonton.

Cross North Sask. River. Cross Highway 21 & Highway 15 intersection to 94th.

St.

St.

94 87

R.

TD FOR UTH

1 5 7

4

2 3

1 SOUTHPOINTE

DEVELOPER: MLC Group BUILDERS: Active Homes, Impact Homes, Rosecroft Custom Homes LOCATION: Junction of Hwy. 21 and Hwy. 15 on 94 Street

2 SOUTHFORT RIDGE

DEVELOPER: Strata Developments BUILDERS: Anez Homes, Bold Homes, BR Homes, CMK Homes, Glenora Homes, Homes By Sidney, Thomsen Built LOCATION: Southfort Blvd & Ridgeland Way

3 SOUTHFORT MEADOWS DEVELOPER: Strata Developments BUILDERS: Landover Homes, Stoneridge Homes LOCATION: Southfort Drive & Meadowview Drive

4 SOUTHFORT ESTATES

DEVELOPER: Strata Developments BUILDERS: Open to public LOCATION: Southfort Drive & Greenfield Way

5 FOREST RIDGE IN WEST PARK

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Connect Homes Homes by Santos, Victory Homes, Open LOCATION: Westpark Drive & Cranberry Bend

6 WEST WOODLANDS

DEVELOPER: Strata Developments BUILDERS: Oleksyn Homes, Clearview Homes, Open.

LOCATION: 55 St. & Sunset cres. Bruderheim

7 SIENNA

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Rohit Communities, LOCATION: 94 St. & Sienna Blvd.

AREA INFO • POPULATION: Over 18,653 • LOCATED: Adjacent to the northeast boundary of the provincial capital, the City of Edmonton-15 minutes close.

• SCHOOLS: 6 Public Schools, 3 Separate Schools, 1 Christian School.

• GROCERY: Sobey’s Station Square, Canada Safeway, No Frills.

• RECREATION & CULTURE FACILITIES: Dow Centennial Centre, Tennis courts, campground, baseball diamonds, golf course, indoor pool, outdoor ice rinks (2), curling rink, 3 arenas, indoor soccer, gymnasium, fitness centre, performing arts theatre, visual arts gallery, pottery studio.

• MEDICAL FACILITIES: New Hospital Opening in 2012, 5 Medical Clinics.

• PARKS & PATHWAYS: 360 hectares of park/ recreational/ natural land with 30 kilometres of paved trails for walking, running, biking, rollerblading and cross-country skiing.

A quiet, friendly, family oriented community.

“Life is good here!”

fort saskatchewan

6

For more information contact Jasmine Zebic 780-992-6408 or visit our website at www.fortsask.ca or email: jzebic@fortsask.ca

63

FORT SASKATCHEWAN Y

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For lot information call Andrew. 780.822.0086 THE ESTATES THE RIDGE LOTS 1/3 Acre & Up! New single family &

NEW SHOWHOMES NOW OPEN! See new and unique designs in New Home construction, all in one community.

THE RIDGE

THE MEADOWS

THE ESTATES

Purchase lot privately and choose your own builder!

THE MEADOWS The perfect place for your growing family!

Landover Homes 780-416-9122 Stoneridge Homes 780-997-0525

duplex houses from: Anez Homes, Bold Homes, BR Homes, CMK Homes, Glenora Homes, Homes By Sidney, Thomsen Built.

THE VILLAS Duplex condo living from Rosecroft Homes 780-983-9150

Suzy always wanted to be a homemaker

Get the hands-on training you need to get into the trades.

Our industry-recognized programs are delivered in a supportive learning environment so that you can start to build your future now.

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womenbuildingfutures.com

64 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

FORT SASKATCHEWAN

Moments like these are where you • Hospital & Schools

• Parks, Playground & Trails • Performing Arts Theatre • Recreation Centre • Trendy Restaurants

& Shopping Come to Fort Saskatchewan and Visit our Showhomes Tod ay. to

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Single Family, Duplex and Townhomes Available Rohit Communities: 780.995.6054 Sterling Homes: 780.997.0960

Sienna-FortSask.com

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 65

SHERWOOD PARK

A com m uni t y

you'll never outgrow Share those precious moments together with your family in SummerWood and make them timeless.

• Playgrounds • Parks • Creeks • Ponds • Lush Urban Forests Visit a showhome today and find the perfect place for everyone you love.

Pacesetter Homes 780-416-8413 Jayman MasterBUILT 780-416-8532

Yellowhead Tr. (Hwy 16)

SHOWHOMES

FRONT ATTACHED GARAGES

Summerland Dr.

N

Baseline Rd.

SHERWOOD PARK

Highway 21

Cloverbar Rd.

Lakeland Dr.

SummerWoodSherwoodPark.com 66 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

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Whitemud Dr.

1 ASPEN TRAILS/EMERALD HILLS

DEVELOPER: Genstar Development Co. BUILDERS: Coventry Homes, Park Royal Homes, Landmark Homes, Christensen Developments, Rohit Communities, Homes by Avi, Marcson Homes, Daytona Homes Master Builder LOCATION: Lakeland Drive & Aspen Trail

2 FOXBORO

DEVELOPER: Qualico Communities BUILDERS: Challenger Homes, ReidBuilt Homes, MacLachlan Mitchell Homes LOCATION: East of Clover Bar Road on Foxboro Drive

2

Highway 628

3 ARDROSSAN HEIGHTS

DEVELOPER: Strata Developments BUILDERS: Open LOCATION: 4 miles east of Sherwood Park on Baseline Road North at RR 824 to Ardrossan NEW LOTS COMING SOON!

4 LAKELAND RIDGE

DEVELOPER: Genstar Development Co. BUILDERS: Landmark Homes, Rohit Communities, LOCATION: Lakeland Drive & Campbell Rd.

5 SUMMERWOOD

DEVELOPER: Qualico Communities BUILDERS: Jayman MasterBUILT, Pacesetter Homes, Open LOCATION: East of Clover Bar Rd. North of Baseline Rd. on Lakeland Dr.

sherwood park

Lakeland Dr.

67

SOUTHEAST

Built Green (20/3)-/cb

68 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

southeast

2

1 MAPLERIDGE & OAKRIDGE COMMUNITIES

DEVELOPER: Maple Ridge & Oak Ridge Communities BUILDERS: Country Hills Homes LOCATION: 17 Street between Sherwood Park Freeway and Whitemud Drive

2 TAMARACK

DEVELOPER: Dream Unlimited Corp.

BUILDERS: Landmark Communities, LOCATION: From Whitemud go South on 17 Street & follow the signs to Tamarack Gate

3 LAUREL

DEVELOPER: Dream Unlimited Corp.

BUILDERS: Landmark Legacy Homes, Lincolnberg Master Builder LOCATION: South of 23 Avenue and East of 34 Street

4 LAUREL CROSSING

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, Landmark Homes, Tristate Signature Homes, Bedrock Homes, Connect Homes LOCATION:34 Street & 16A Avenue

5 MAPLE CREST

DEVELOPER: Dream Unlimited Corp.

BUILDERS: Homes by Avi, Coventry Homes, Crystal Creek Homes, Landmark Legacy, Landmark Communities, Bedrock Homes LOCATION: Maple Road (38th Avenue NW) and 8th Street

7 TAMARACK COMMON

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, & Parkwood Master Builder LOCATION: 17 Street and 23 Avenue, south of Millcreek Nursery

8 LAUREL GREEN

DEVELOPER: Dream Unlimited Corp.

BUILDERS: Homes by Avi, Lincolnberg Master Builder, Landmark Legacy Homes, Urban Luxury Homes LOCATION: South of 23 Avenue on 24 Street

6 WILLOW HAVEN

DEVELOPER: CarringtonLand BUILDERS: Bedrock Homes LOCATION: 5624 7th Ave SW.

69

SOUTHEAST

SOUTHEAST

45 St.

Calmar

AREA INFO • POPULATION: 17,000 and growing “Small city” living within minutes of “Big city” amenities.

44 St.

50 St.

7

• LOCATED: 20 km south of Edmonton on Hwy 2

Telford Lake

Black Gold Dr.

3

1

• GROCERY: Variety of shopping.

Rollyview Rd.

Hi gh wa y2 A

5 2

To Calgary

42 St.

QE II

4

• SCHOOLS: 7 Elementary, 2 Junior & Senior high. Public, Private & Separate school systems.

C.W. Gaetz Drive

42 Ave.

1

Coady Blvd.

Alton Dr.

Grant MacEwan Boulevard

Hwy 60

50 Ave.

8

St. 50

leduc

Highway 39 To Calmar

6

DEVELOPER: Qualico Communities BUILDERS: Tristate Signature Homes, Homes by Santos and Connect Homes LOCATION: Coady Blvd & Meadowview Blvd.

Showhomes Coming Soon

2 TRIBUTE

DEVELOPER: Qualico Communities BUILDERS: Tristate Signature Homes LOCATION: Dunlop Wynd & Caledonia Dr.

3 WINDROSE

DEVELOPER: Maclab Enterprises BUILDERS: Homes by Sher-Bilt, Cornerbrook Construction, Jacob’s Construction, McLean & McLean Custom Homes LOCATION: Exit at 50 Ave off Highway 2, proceed west, then go south on RR 253 to Windrose

4 SUNTREE

DEVELOPER: Maclab Enterprises BUILDERS: Kimberly General Partner, Cobblestone Master Builder, Bedrock Homes, Caliber Master Builder, Entity Homes, B&H Homes, Landmark Homes LOCATION: Grant MacEwan Boulevard & Suntree Promenade

Colonial Distinctiv

• MEDICAL FACILITIES: Full Service Community Hospital and Full Ambulance Service.

To Wetaskiwin

1 MEADOWVIEW

• RECREATIONAL FACILITIES: Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library.

There is It is the k kids have exclusive is hard to

• PARKS & PATHWAYS: 27 parks including Telford Lake, Fred John’s Park & Lions Campground.

5 SOUTHFORK

DEVELOPER: Tamani Communities BUILDERS: Dolce Vita Homes, Homes

by Avi, Innovations by Jayman, Jayman MasterBUILT LOCATION: Highway 2A & 50th Street

In Coloni neighbou walking/b bike rides skiing op Beaumon There are shopping Airport an

6 ROBINSON

DEVELOPER: Beaverbrook Developments BUILDERS: Bedrock Homes, Dolce Vita Homes, Homes by Sher-Bilt, Connect Homes LOCATION: South of Rolly View Road on C.W. Gaetz Drive

THE CITY OF LEDUC,

a thriving Industrial, Commercial & Agricultural Community continues to experience growth and expansion.

7 BRIDGEPORT

DEVELOPER: Melcor Developments Ltd. BUILDERS: Santos Construction Ltd., Encore Master Builder, McLean & McLean Custom Homes Ltd.,Western Living Homes LOCATION: Take 50 Ave, turn right on Bridgeport Crossing

8 WEST HAVEN PARK

DEVELOPER: Melcor Developments Ltd. BUILDERS: Encore Master BuilderSantos Construction Ltd.,Homexx Corporation LOCATION: West on 50th Ave, South on West Haven Boulevard

“A great place to call home!”

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

You Can Live Her

MATEDM_1018578 - Mattamy Homes_ New Home Guide_Magazine – 2 Full Pg Spread - Coloniale Estates

File Name: MATEDMONTON-1018578-MH_NHG_2FP_Mag Trim: 7.5” x 10.5” Bleed: 0.25 x 0.25

The grass will be greener, just like your wallet.

The hom or 3-Car to 2,681 unique to ability to each stre such as f of friendl

Safety/V.O.: 0.25” x 0.25” Colours: CMYK

In Coloni of Quick you and than later

Due: 10/12/14

Publication: New Home Guide DPI: 300

Built: 27/11/2014 – KN

If golf cou a dream visit the C that you one thing

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MATEDMONTON_10

• POPULATION: Approx 12,500 • LOCATED: 2 miles South of Edmonton on 50th street.

• SCHOOLS: 5 Schools from Kindergarten to Grade 12.

French Immersion offered in all.

• GROCERY: Sobeys, Extra Foods

beaumont

AREA INFO

• RECREATIONAL FACILITIES: Beaumont Regional Activities Centre and numerous Coloniale Estates Golf Course, Edmonton outdoor facilities.

• MEDICAL FACILITIES: 10 minutes to Grey Nuns Hospital. Served by Edmonton Ambulance.

Coloniale Estates In Beaumont.

Distinctive Homes In A Golf Club Setting.

• PARKS & PATHWAYS: Approximately 170 acres of parkland & km of inter-connected walkways.

There is something to enjoy about Coloniale Estates every day.

It is the kind of place where neighbours become friends and kids have plenty of opportunity to run and play. This is an exclusive golf club community with favourable pricing that is hard to find in golf course communities.

•17 MINUTES TO THE AIRPORT

Come visit us and discover why

“Life is Better in Beaumont”

In Coloniale Estates you’ll find great park spaces where neighbours can gather and enjoy each other’s company, walking/biking trails for short after-dinner strolls or energetic bike rides. In winter those trails function as cross country skiing opportunities.

ThereESTATES are 5 schools in4and around ROYAL OAKS 1 COLONIALE DEVELOPER: Cancom Development DEVELOPER: ARW Development Corp. school Beaumont, serving elementary and high students.

BUILDERS: Konark Homes, BUILDERS: Mattamy Homes There are superb recreational facilities and Cancom Homes, Infiniti Homes, Open LOCATION: 50 St. & Coloniale Way all around From Beaumont: shopping at the Montalet Mall, The EdmontonLOCATION: International West on Township Road 510 to 2 DANSEREAU MEADOWS Airport and the Grey Nuns Hospital are 15 minutes away.

East Vistas Blvd. (follow signs) DEVELOPER: United Communities BUILDERS: Caliber Master Builder,

for more information call 780-929-8782 The Showhome, Coloniale Estates, Edmonton or Hickory visit our website at town.beaumont.ab.ca

6 TRIOMPHE IN BEAUMONT DEVELOPER: MLC Group BUILDERS: Trend Homes, Connect Homes, Active Homes, Areo Homes LOCATION: 44th Avenue & Triomphe Blvd

From Edmonton: South on 101 St.

The homes are all Detached Family Homes withRoad 2-Car to Township 510, east on Township Landmark Communities,Single Pacesetter Road 510 to East Homes or 3-Car Tandem Garages, ranging in size from 1,480 Sq.Vistas Ft. Blvd. (follow signs) LOCATION: West on 50th Street at Rue to 2,681 Sq. Ft. Many of the exterior designs are Montalet (follow the signs) unique to this community and reflect Mattamy’s 5 EAGLEMONT IN The Hickory Showhome, Coloniale Estates, Edmonton 3 RUISSEAU ability to provide a variety of designs to make BEAUMONT DEVELOPER: MLC Group DEVELOPER: Qualico Communities each street more interesting.

Special features BUILDERS: Lenaco Homes, Active BUILDERS: Look Homes Builder. such as front Master porches also elevate the sense Homes, Jaya Homes, Golden West Homes LOCATION: 50th Ave & Rue Eaglemont LOCATION: It is located on the south of friendlinessside inofthe community.

50th ave at 66st.

You Can Be Here In Minutes And You Can Live Here Right Now. In Coloniale Estates, Mattamy has a selection of Quick Possession Homes ready for sale so you and your family can live here sooner rather than later.

e: 10/12/14

n: New Home Guide

PI: 300

t: 27/11/2014 – KN

If golf course community living has been part of your vision of a dream home, then now is the time to come to Beaumont and visit the Coloniale Estates Sales Centre. You’ll find everything that you expected from a golf course community except for one thing: high prices.

All Mattamy homes also come with two trees and fully sodded yards, so the neighourhood is green not brown.

You’ll find that Mattamy builds homes that are worthy of your family memories.

The Walnut Showhome, Coloniale Estates

Great Community Features for

ALL SEASONS

MATTAMY HOMES

From 1 Home in 1972 to 70,000 Homes Now

The master community plan allows for gathering

Mattamy Homes is Canada’s largest new home builder

spaces where neighbours can enjoy each other’s

and is well-established in The Greater Toronto Area,

TEDMONTON_1018445_NHG company.Annual_3FP_Mag.indd The walking/biking trails allow for3short

Ottawa, Calgary and throughout the United States in

The Walnut Showhome, Coloniale Estates, Edmonton

For information on all Mattamy communities, visit: mattamyhomes.com Sales Centre Hours: Monday to Thursday 2pm-8pm; Friday to Sunday and Holidays 12pm-5pm Sales Centre: 274 Reichert Drive, AB, Beaumont, T4X 0B9 Phone: 780-929-1111 Email: sls_beaumont@mattamycorp.com 73

2014-11-13 1:12 PM

//DESIGN SECRETS

Decorating your first home » by JANE LOCKHART

JANE LOCKHART

is founder and principal designer of Jane Lockhart Interior Design. She was creative director and host of W Network’s top-ranked show, Colour Confidential, and has a Canadian-built furniture collection, Jane by Jane Lockhart, by Statum Designs. Visit online at janelockhart.com

Now that a new year is upon us, many of us like to regroup and think about how we can make changes to maximize storage and rid ourselves of unneeded items. Nothing could be more important as you move into your new home! As a first-time homeowner, it’s sometimes tempting to move everything with you for those “just in case” moments.

Starting fresh has its advantages when it comes to making the most of storage options to max out their usefulness.

No matter if you are moving into a new house or condo, no one ever says they have enough closet space, so making the most of what you have is critical. Investing in closet organizers in the bedroom that provide shelves, both short and long, hanging as well as drawers and shoe storage will be invaluable. You will be happy you took the time to do this as you move in and create a new life and new routines.

Leaving a closet undone will simply waste space in the end.

Another area to make sure you maximize space is in the front hall closet. Being Canadian means we have a lot of different seasonal coats and footwear and this needs to go somewhere! Think about adding shelves, drawers and hooks to this closet as well.

Make sure the doors to the closet are swing doors if possible and not sliders, as sliders can make closet access difficult.

Another place to create useful organization is the linen closet. Be sure to update this space with lots of shelving prior to using it. A tip that

74 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

will help maximize your storage within your linen closet is to tightly fold each sheet set and then place them inside the corresponding pillowcase. This will help you stay organized, allow you to see all of the linen sets and will keep everything together.

Store unused items in bins that fit under a bed or purchase a new bed with built-in drawer storage under the mattress as this is a big area so make sure gets used, particularly in a condo! This is a good place to store out-of-season items, as they will be out of sight and mind until they are needed.

continued on page 78

BEAUMONT

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 75

SOUTH

76 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Gateway Blvd.

James Mowatt Tr.

66 St.

6

11 ALLARD IN HERITAGE VALLEY

7 5 15 13

DEVELOPER: MLC Group / Allard Developments BUILDERS: Jayman MasterBUILT, Rohit Communities, Sterling Homes, Connect Homes, Landmark Legacy, Jaya Homes LOCATION: South on James Mowatt Trail and South of 30 Avenue SW

50th St.

QE II

3

e.

30 Av

2

101 Street

4

12

8

814

12 THE ORCHARDS AT ELLERSLIE

Township Road 510

Township Road 510

14

1 ELLERSLIE HEIGHTS

DEVELOPER: United Communities BUILDERS: Landmark Legacy, Homes by Avi, Landmark Communities, Landmark Homes, Park Royal Homes, Kirkland Homes LOCATION: North of Ellerslie Rd. on 66 Street

2 LAKE SUMMERSIDE

DEVELOPER: Brookfield Residential BUILDERS: Mosaic Townhomes, Brookfield Duplexes, Innovations by Jayman, Daytona Homes Master Builder, Landmark Homes, Homes by Avi, Pacesetter Homes, Landmark Classic Homes, Canyon Spring Master builder, Aacropolis Homes LOCATION: Ellerslie Rd. & Parsons Rd.

3 CALLAGHAN

DEVELOPER: Rohit Land Dev. BUILDERS: Art Custom Homes, White Eagle Homes, D’Cor Homes, Rohit Communities, Celebration Homes LOCATION: 1 km South of Ellerslie Road on 111 Street SW

4 RUTHERFORD HEIGHTS

DEVELOPER: Qualico Communities BUILDERS: StreetSide LOCATION: James Mowatt Trail & Rutherford Rd.

DEVELOPER: Brookfield Residential BUILDERS:Front attached Homes: Homes by Avi, Sterling Homes, Jayman MasterBUILT Rear-Detached Homes: Landmark Legacy Homes, Daytona Master Builder Duplex & The Grove Townhomes: Brookfield Residential LOCATION: South off of Ellerslie on 91st Street, turn east on 25th Ave SW.

RR243

11

41st Ave. SW

RR244

16

DEVELOPER: MLC Group / JCA Financial BUILDERS: Landmark Communities, Sterling Homes, Rohit Communities, Innovations by Jayman LOCATION: South on James Mowatt Trail and North of 30 Avenue SW

1 9

Ellerslie Rd. (9th Ave.)

10

Millwoods Rd.

127 St.

23 Ave. Anthony Henday

91 St. Parsons Rd.

Calgary Trail South

111 St.

119 St.

30 Ave.

10 CALLAGHAN IN HERITAGE VALLEY

34 Ave.

south

34 Ave.

38 Ave.

39 Ave.

Beaumont

5 WALKER LAKES NORTH

DEVELOPER: MLC Group / Cameron Communities BUILDERS: Cameron Homes LOCATION: South of Ellerslie Rd. on 66 Street

13 WALKER SUMMIT

DEVELOPER:United Communities BUILDERS: RSL - Kirkland, Landmark, Morrison and Montorio Duplex - Morrison, Montorio and Innovations by Jayman LOCATION: South on Ellerslie to 66th Street

6 WILLOW HAVEN

DEVELOPER: Carrington Land BUILDERS : Bedrock Homes LOCATION : 5624 - 7th ave

7 WALKER LAKES STATION

DEVELOPER: MLC Group / Allard Developments BUILDERS: Active Homes, Boss Homes, Landmark Legacy Homes, Lincolnberg Master Builder, Pacesetter Homes, Sterling Homes LOCATION: South of Ellerslie Rd. on 66 St.

14 ROYAL OAKS

DEVELOPER: Cancom Development BUILDER: Konark Homes, Cancom Homes, Infiniti Homes, Open LOCATION: South on 101 Street to Towship Road 510. Turn east to EastVistas Blvd. (follow signs)

15 AURORA

DEVELOPER: Melcor Developments Ltd BUILDERS: Bedrock Homes, Coventry Homes, Landmark Homes, Parkwood Master Builder, Trend Homes, Lincolnberg Master Builder, Melcor Homes LOCATION: South on Ellerslie at 66th street

8 ALLARD

DEVELOPER: United Communities BUILDERS: Caliber Master Builder, Kimberley Homes, White Eagle Homes, Parkwood Master Builder LOCATION: 111th Street & 30th Ave

9 RAVINES OF RICHFORD

DEVELOPER: Rohit Land Development BUILDERS: Celebration Homes, OPEN LOCATION: Ellerslie Road & Blackmud Creek Ravine

16 DESROCHERS VILLAGES

T:6.75”

DEVELOPER: MLC Group BUILDERS: Pacesetter Homes, Landmark Homes and Jayman Exclusive.

LOCATION: From Ellerslie Road and 11th Street, drive South on James Mowatt Trail for approximately 5 minutes. The entrance to Desrochers Villages is on the right, just south of 30th Avenue (across the street from the Allard neighbourhood).

T:1.5”

Lakeside living for all seasons Visit our 19 showhomes today.

LakeSummerside.com 77

//DESIGN SECRETS ...continued

Create a wall unit that goes to the ceiling so you not only elevate the visual height, you take advantage of this extra storage space.

If you have the height and budget, build upwards! Create a wall unit that goes to the ceiling so you not only elevate the visual height, you take advantage of this extra storage space. In the area, you can store items such as CDs, DVDs, books and photo albums.

These items can take up lots of space if not stored efficiently, so make sure to buy storage solutions specifically created for these items.

If you are building new, you can request to have additional outlets placed in easy-to-access places to cut-down on the clutter of power cords. Consider adding extra receptacles under the cabinets in kitchens to maximize counter space and a few extra in the bed and bathroom, so that you have enough space for chargers, blow dryers and shavers.

And never forget, there are great accessories that can be added within kitchen cabinets and under sinks for better organization and easier access.

Good organization may take a little more time and money in the beginning but it will definitely be worth the effort in the end.

78 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

!

E C N A H C T S LA

SOUTH

The Best Value in South Edmonton from the Inside Out

PACESTTER HOMES

STARTING IN THE LOW

7 SHOWHOMES TO VIEW! $300’s • Walk to K to 9 school • Neighbourhood Commercial (Walmart Opening in January) • 17 Acre central park & school site • Walking distance to new City Rec Facility & Sports Field • Minutes to the Anthony Henday & South Edmonton Common • Landscaped Ponds & Walking Trails

www.walkerlakes-station.com

TOWNHOMES Pacesetter Homes Boss Homes

DUPLEX Crystal Creek Homes Lincolnberg Sterling Homes

SINGLE FAMILY - ATTACHED GARAGE Active Homes Pacesetter Homes Sterling Homes Crystal Creek Homes

New 2015 Annual Coming soon

On Now! Watch for it!

OnStands Stands Now! October 2012

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

80 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

SOUTH

Chill out with all your friends and family.

Everyone will enjoy the outdoor sports rink and park.

Edmonton’s South West Family Community

15 SHOWHOMES TO VIEW Townhomes

Duplex

Single Family Attached

Single Family Detached

Sterling Homes Rohit Communities

Sterling Homes Jaya Homes

Sterling Homes Jayman MasterBUILT Rohit Communities

Innovations by Jayman Connect Homes Sterling Homes

STARTING IN THE LOW $300’S VIEW ALL OUR GREAT HOMES AND BUILDERS AT

www.allard.ca FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 81

//TAX TIME TIPS

Tax tips for the homebuyer TAX CREDITS TO EASE THE PAIN OF THIS BIG-TICKET PURCHASE Buying a home is a big investment and a financial commitment – especially as a first-time homebuyer.

Many first-time homebuyers are generally recovering from the first year of moving into their dream home, and all the associated fees, unanticipated closing costs and expenses to maintain the home.

The Home Buyers’ Plan (HBP) is a program that allows you to withdraw up to $25,000 from your Registered Retirement Savings Plan (RRSP) to buy a qualifying home for yourself or for a related person with a disability

There are a couple of tax credits that homeowners should be aware of when filing their 2014 tax returns.

THE HOME BUYERS’ PLAN (HBP) is a program that allows you to withdraw up to $25,000 from your Registered Retirement Savings Plan (RRSP) to buy a qualifying home for yourself or for a related person with a disability.

RRSPs aren’t just for retirement anymore. This plan lets first-time homebuyers access their retirement savings tax-free, to increase their down payment and decrease their mortgage amount – and interest paid.

The HBP withdrawal limit is $25,000 – tax-free – for each you and your spouse, for a combined total of up to $50,000 toward your down payment or other home-purchase related costs.

In order to take advantage of this plan, your RRSP contributions must remain in the RRSP for at least 90 days before you can withdraw them under the HBP. Generally, you will be required to repay all the withdrawals to your RRSPs within a period 15 years to avoid paying tax on that sum. You will have to repay an amount to your RRSP each year until your HBP balance is zero. If you do not repay the amount due for a year, that amount will have to be included in your income for that year, and you will be taxed.

continued on page 90 82 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

DEVELOPER: Windermere Lands Ltd. BUILDERS: Dolce Vita Homes, Bedrock Homes, Marcson Homes LOCATION: 170th Street & Ellerslie Road

10 CHAPPELLE GARDENS

DEVELOPER: Brookfield Residential BUILDERS: Lincolnberg Master Builder, Daytona Homes Master Builder, Look Master Builder, Homes By Avi, Brookfield Homes LOCATION: South of Ellerslie Road & West of 141 Street.

11 ONE AT WINDERMERE

DEVELOPER: Beaverbrook Communities BUILDERS: Bedrock Homes, Dolce Vita Homes, Western Living Homes, Sunny Valley Homes, Ace Lange Homes, Kanvi Homes, open LOCATION: Winderemere Blvd. West of 170 Street

12

1 AMBLESIDE IN WINDERMERE

5 KESWICK ON THE RIVER

DEVELOPER: MLC / Cameron Communities BUILDERS: Cameron Homes, Hillview Master Builder, Kimberley Homes, Landmark Homes, Parkwood Master Builder, Aacropolis Homes, Ace Lange Homes, Carriage Signature Homes, Perry Signature Homes, Pacesetter Homes LOCATION: West of 180th Street and South of Ellerslie Road (9th Ave)

DEVELOPER: Windermere Ambleside II Ltd. BUILDERS: Marcson Homes, Bedrock Homes, Kimberley Homes, Homes by Avi, Kanvi Homes, Connect Homes, Averton Homes LOCATION: Terwillegar Drive and Anthony Henday Drive

2 LANGDALE IN WINDERMERE

6 WINDERMERE RIDGE

DEVELOPER: Qualico Communities BUILDERS: Coventry Homes, MacLachlan & Mitchell Homes, Pacesetter Homes, Sterling Homes, Rohit Communities, Marcson Homes, Augusta Homes 7 LOCATION: 170 St & 7th Ave. S.W.

3 GLENRIDDING

Developer: UnitedCommunities Builders: RSL - Homesby Avi, Pacesetter, Parkwood Homes, Landmark Homes. RPL - Pacesetter, Landmark Legacy Homes, Rohit Communities.

Duplex Homes (front attached Garages) - Parkwood Homes, Landmark Legacy.

Duplex Homes (rear attached garages) Homes by Avi, Rohit Communities.

LOCATION: 156 Street & Ellerslie Road

4 UPPER WINDERMERE

DEVELOPER: Beaverbrook Communities BUILDERS: Averton Homes, Homes by Managen, Mac & Mitch Homes, Open LOCATION: Windermere Blvd. West of 170 St.

southwest

9 WINDERMERE SOUTH

DEVELOPER: Beaverbrook Communities.

BUILDERS:Las Palmas Estate, Marco Antonio Homes, Open LOCATION: Windermere Blvd., West of 170 St.

JAGARE RIDGE

DEVELOPER: Melcor Developments Ltd BUILDERS: AceLang Construction, Canyon Springs Master Builder, Birkholz Homs, Hillview Homes, Carriage Custom Homes, Kanvi Homes, Perry Signature Homes, Kimberley Custom Homes LOCATION: South on Ellerslie and 141 street

8 CREEKWOOD CHAPPELLE DEVELOPER: Delcon Creekwood BUILDERS: Alldritt Homes, Artisan Homes, Marcson Homes, Bedrock Homes, Homes by Avi, Kimberley Homes, ReidBuilt Homes, Connect Homes, Thomsen Built LOCATION: South of Ellerslie Road & T:6.75” West of 141 Street

12 AMBELSIDE SOUTH

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Coventry Homes, Connect Homes, LOCATION: Ellerslie Road & 170th Street

13 GRAYDON HILL

DEVELOPER: MLC Group BUILDERS: Averton Homes, Marcson Homes, Parkwood Master Builder, Landmark Communities, Lincolnberg Master Builder, Pacesetter Homes LOCATION: Ellerslie Rd, west of 127th St SW

14 GLENRIDDING HEIGHTS

DEVELOPER: Rohit Land Development BUILDERS: Crimson Cove Homes, d’Cor Homes, Lincolnberg Master Builder, Pacesetter Homes, Rohit Communities LOCATION: South of Ellerslie Road, East of 170 Street

15 PAISLEY AT HERITAGE VALLEY

DEVELOPER: Brookfield Residential BUILDERS: Innovations by Jayman, Brookfield Residential, Daytona Homes Master Builder, Coventry Homes, Homes by Avi LOCATION: South of Ellerslie Road & East of 141 Street

16 ONE AT KESWICK

DEVELOPER: Beaverbrook Communities BUILDERS: Bedrock Homes, Dolce Vita Homes LOCATION: Hiller Road, West of 170 Street

T:1.5”

THE PERFECT BLEND PaisleyCommunity.com 83

S:14.5”

SOUTHWEST

THE ART OF HOME There’s a difference at Brookfield Residential that transforms streets into neighbourhoods, fields into backyards, and finished structures into the places we live.

From the green space on the corner to the shops down the street, Brookfield’s holistic community design has made residents the centre of everything for over 56 years.

Beyond just blueprints and engineering, it’s what we call the Art of Home.

FIND YOUR PLACE DIVE IN

LiveBrookfield.com 84 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

THE NORTHEAST’S HIDDEN GEM

S:14.5”

THE PERFECT BLEND Paisley’s appealing mix of four traditional and modern architectural creates an eclectic, interactive neighbourhood with true character.

Seamlessly combining safe, walkable streets with townhomes, duplexes and single-family homes, Paisley is the first community of its kind in Edmonton. Starting in the $290’s, Paisley provides unparalleled value for new home buyers attracted by the allure of southwest Edmonton.

S:10”

SHOW HOMES BY AWARD WINNING BUILDERS TOWNHOME Innovations by Jayman

DUPLEX Brookfield Residential

LANED/STARTER Daytona Homes Master Builder Innovations by Jayman

FRONT GARAGE Coventry Homes Homes by Avi

SET THE STAGE FOR LIFE

BLAZE A TRAIL

PaisleyCommunity.com

SURROUND YOURSELF WITH NATURE

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 85

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 86

GET STARTED NOW AT

NewHomeAndCondoGuide.ca

!"#$%&'(#) /#8"19)/1,), -.&/0",)/2.1 7%--",)$%0

SOUTHWEST

COMMUNITY SPACE.

At Keswick, people enjoy chance encounters as they explore their riverside destination. Meet along winding pathways and in natural parks. Experience village life on the North Saskatchewan River.

There’s more community connection at Keswick.

COME EXPLORE OUR RIVER LOTS TODAY. NOW SELLING!

BEAUTIFUL by Nature

#$%&'(#)*%+"*#%,")-.&/0%.1)2"/1#)3.4)5"0)0.)-%+")1"60)0.)1/04*/-)7.*"#0#).7)#8*4&"9) www.keswick-edmonton.com 8"19)/1,),.5$..,:)!"#$%&');/#)/1)%1&*",%<-3),%+"*#")"&.#3#0"2:)=.0).1-3)%#)%0) /0",)/2.15#0)-/*5")#$/0;#).7)7.*"#09)%0#)1/04*/-%>",)8.1,#)/1,)8/*')#8/&"#)/*") %--",)$%0;)0*""#)/1,)1/0%+")8-/10)#8"&%"#:)?%7")7""-#)<"00"*)$;"1)%0(#)-%+",)%1)1/04*": )

87

Changing Your Address?

Plan Ahead… There Always is the Chance That Something May be Overlooked!

As soon as possible… notify individuals, companies and institutions that your address will be changing, either by phone or by mailing the change-of-address cards from your post office. The following checklist will serve as a convenient reminder: ❏ Accountant ❏ Alumni Association ❏ Attorney ❏ Banks ❏ Credit Cards ❏ Dentist

❏ Physicians

❏ Driver’s License

❏ Place of Worship

❏ Employers

❏ Revenue Canada

❏ Frequent Flyer Program

❏ Stockbroker

❏ Insurance Companies

With your support, the Stollery Children’s Hospital Foundation is able to provide life-saving equipment, research that paves the way for new treatments and cures, medical innovations and specialized training, so that every child has the chance to go home again.

88 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

❏ Lending Institutions ❏ Magazine / Newspaper Subscriptions

❏ Catalog Merchants

DONATE TODAY. STOLLERYKIDS.CA

❏ Investment Companies

❏ Veterinarian

SOUTHWEST

We’re celebrating winter!

Join us in Creekwood for our 2nd Annual Snow Day on March 7th from 12–4 pm.

Free outdoor activities including snowshoeing, warm food and drinks, and the fresh air!

LifeinCreekwood.com

quiet | calm | convenient A SW community south of Ellerslie Rd. at 141 St.

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 89

//TAX TIME TIPS ...continued

The HBTC is a federal tax credit available to qualified first-time homebuyers or homeowners who have not owned a home in the previous four years

THE HOMEBUYER’S TAX CREDIT (HBTC) is a federal tax credit of up to $750 is available to qualified fi rst-time homebuyers or homeowners who have not owned a home in the previous four years. Th is tax credit was introduced in 2009 to ease the burden of closing costs for fi rst-time buyers.

Do you qualify for the HBTC?

» Neither you, your spouse or common-law partner may have lived in a house that either of you owned in the year of purchase or any of the four preceding years. » If you are a person with a disability or are buying a house for a relative with a disability, you don’t have to be a fi rst-time homebuyer to qualify. However, the home must be purchased to allow the person with a disability to live in a more accessible dwelling or in an environment better suited to their needs and care. » A qualifying home is a housing unit located in Canada that already exists or is being built. » A share in a co-operative housing corporation that entitles you to possess, and that gives you an equity interest in a housing unit located in Canada, also qualifies. However, a share that only provides you with a right to tenancy in the housing unit does not qualify.

90 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Why the Home Buyers’ Tax Credit is good for Canada The federal government introduced the HBTC to give Canadians some much-needed tax relief.

As part of the Government of Canada’s $62-billion economic stimulus announced in the Economic Action Plan, fi rst-time homebuyers can get this non-refundable tax credit to help offset legal fees, disbursements and land transfer taxes.

People with disabilities who move to a more accessible home may also qualify for the tax credit.

The HBTC makes it a little easier to make one of the largest purchases of our lives – a new home.

For more information and tax tips, visit online at cra-arc.gc.ca

Re present S

everal months ago, we put out the call: Do you enjoy living in Ambleside? Would you like to represent the community?

Tell us more.

Then we waited to see if anyone would answer…

We already know people living here are fun, friendly and generous. They gladly shovel their neighbours’ walks, share the

“We love being 20 minutes to anywhere.”

Darcy, Melissa & big pups, Chevy Chase & Berkeley

“We’ve got great neighbours.”

Jenny & son, Pavel

“We get to grow with the community.”

Renna & Max

SOUTHWEST

harvest of their summer gardens, and lend a hand building the deck on the house next door.

So we waited…

But not for long.

The Amblesiders here were quick to respond simply because they’re proud of where they live.

And we discovered that the best way to talk about Ambleside is to let the people do it for us.

“It’s great to have a big backyard again.”

Tanya, Kit & daughters, Mayson, Eden & Ivy

“I look forward to driving home every day.”

Bobby, Harmony & son, Xavier

“It’s a small town feel in the big city.”

Craig

That’s just a sample. For more on what it’s really like to live in Ambleside, visit AmblesideWindermere.ca 91

//MONEY MATTERS

RRSPS:

They’re not just for retirement anymore » by GAIL VAZ-OXLADE

With tax season just around the corner, you may be thinking about your RRSP contribution. There was a

time when the only thing an RRSP was used for was saving for retirement, but this is no longer the case.

These days, you can use your RRSP as a savings plan for a down payment on a home, among other things. It’s fair to say that the RRSP has become Canadians’ favourite savings account.

GAIL VAZ-OXLADE

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

Follow Gail on Twitter at twitter.com/GailVazOxlade

92

The problem with RRSPs being all things to all people is that its wider scope, its greater flexibility, its move from a hands-off-don’t-ever-touch-thismoney retirement plan to a you-canuse-it-whenever-you-can-justify-it savings account is that the process of identifying your investment strategy has become more complex. Most people say they don’t have enough money to maximize their RRSP and set aside a non-registered emergency fund, which explains the overlap between retirement savings and other types of savings that take place within an RRSP.

SOUTHWEST

Glenridding Heights is a fresh new community with a toboggan hill, walking trails, a four season park and plenty of space to play!

Featuring Homes From: Crimson Cove Homes d’Cor Homes • Lincolnberg Master Builder Pacesetter Homes • Rohit Communities Located East of 170th Street & South of Ellerslie Road

GlenriddingHeights.com 93

The first question to ask yourself when choosing investments for your RRSP is, “When am I going to use this money?”

The fi rst question to ask yourself when choosing investments for your RRSP is, “When am I going to use this money?” If you’re using a portion of your RRSP savings as your emergency fund, then keep that portion of the RRSP assets fairly liquid so you can access the money in an emergency. If you’re tapping into your RRSP to buy a home, you’ve got a short- to medium-term investment horizon and must choose investments that suit. So you’ll have to forgo equities in favour of a more-conservative investment portfolio.

Since you don’t have the time to wait out the bumps in the road that are part of the equity-investment experience, you have to settle for less return.

Being clear on how you plan to use your RRSP dollars is especially important when those dollars are being contributed to a spousal plan or the contributing spouse could find money withdrawn from that plan taxed in his or her hands. The rules for withdrawals from a spousal RRSP state that if money is taken from a spousal plan within three calendar years of a contribution, that money could be taxable at the hands of the original contributor, defeating the original income-averaging strategy.

Make spousal contributions by the end of the calendar year as opposed to in the fi rst 60 days of the new year, since spousal contributions are measured on a calendar-year basis.

94

If you delay your contribution, you’ll end up extending the withdrawal period by another calendar year.

Perhaps the toughest part about using your RRSP for myriad purposes is keeping track of which of your RRSP dollars is for what. Here, consolidation may work against you. Instead, consider opening a separate RRSP for each of your purposes and file your statements based on what you’re trying to accomplish. Separate accounts will not only help you stay focused on the purpose for which you are saving, it will allow you to keep your time horizon in perspective.

While the money in your RRSP is yours and you decide how to spend it, don’t sacrifice your long-term goals for short-term ones. It’s easy to get focused on a single objective to the exclusion of all others. To be balanced, look at what you want your savings to do for you long-term, medium-term and shortterm. If you’re saving for a home, instead of putting this year’s total RRSP contribution into your “Home Ownership RRSP,” consider dividing it equally between home ownership and retirement. It will take a little longer to get into your dream home, but when you do, you won’t be behind in terms of retirement planning.

SOUTHWEST

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 95

Home Builders Aacropolis Homes Alldritt Homes Artisan Homes Inc. Bedrock Homes Boss Homes

web directory

www.alldritthomes.com www.artisancommunities.ca www.bedrockhomes.ca www.bosshomes.ca

Brookfield Residential

www.livebrookfield.com

Caliber Master Builder

www.calibermasterbuilder.ca

Cameron Homes Inc.

www.cameronhomes.ca

Cami Comfort Homes

www.camicomforthomes.ca

Canyon Spring Master Builder Celebration Homes

www.canyonspringhomes.com www.celebrationhomes.ca

Cobblestone Master Builder

www.mycobblestone.ca

Concept Homes

www.concepthomes.ca

Coventry Homes

www.coventry-homes.com

Daytona Homes Master Builder Design Innovations

www.daytonahomes.ca www.designinnovationsinc.com

Dolce Vita Homes LP

www. dolcevitahomes.ca

Effect Home Builders

www.effecthomes.ca

Encore Master Builder

www.encorehomes.ca

Enitity Homes

www.entityhomes.ca

Fekete Homes

www.feketehomes.ca

Green Living Homes

96 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

www.aacropolishomes.com

www.greenlivinghomes.ca

Gannet Homes Master Builder

www.gannethomes.com

Homes by Santos Construction

www.santoshomes.ca

Homexx Corporation

www.homexx.ca

Iconic Estate Homes

www.iconichomes.ca

Impact Homes INFINITI Master Builder

www.impacthomes.ca www.Infinitimasterbuilder.com

Innovations by Jayman

www.jayman.com

Jayman MasterBUILT

www.jayman.com

Kimberley Homes

www.buildwithkimberley.ca

Landmark Homes

www.Landmarkhomes.ca

MacLachlan & Mitchell Homes Maple Isle Homes Marco Antonio Homes

www.macmitch-homes.com www.mapleislehomes.ca www.marcoantoniohomes.com

Mattamy Homes

www.mattamyhomes.com

Montorio Homes

www.montorio.ca

Pacesetter Homes Parkwood Master Builder Perry Signature Homes Inc. Pompei Homes ReidBuilt Homes Rococo Homes Rohit Communities Rosecroft Custom Homes Sabal Homes

www.yourpacesetter.com www.parkwoodmasterbuilder.com www.perryhomes.ca www.pompeihomes.com www.reidbuilthomes.com www.rococohomesinc.ca www.rohitcommunities.com www.rosecroftcustom homes.com www.sabalhomes.com

San Rufo Homes

www.sanrufohomes.com

S2 Squared by Sterling Homes

www.sterlingsquared.ca

Sterling Homes Edmonton Ltd.

www.sterlingedmonton.com

Thomsen Built

www.thomsenbuilt.com

Urban Living by Landmark

www.landmarkurban.ca

Urbanity Custom Homes Ltd. Vickyâ&#x20AC;&#x2122;s Homes White Eagle Homes Ltd

web directory

OUR HOMES COME IN A WIDE VARIETY

www.urbanityhomes.com www.vickyshomes.ca www.whiteeaglehomes.ca

LandmarkHomes.ca FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 97

Developers/Communities Allard in Heritage Valley by MLC Group / JCA Financial

www.allard.ca

Allard Heritage Valley by United Communities

www.allardheritagevalley.ca

Alpine Ridge in Terrace Heights by Qualico Communities Ambleside South by Qualico Communities Ambleside in Windermere Beaverbrook Developments Brookfield Residential Callaghan by Rohit Land Development Cameron Communities

web directory

Canada Lands Company Canterra Developments Corp.

Cavanagh Chappelle Gardens by Brookfield Residential Creekwood Chappelle

www.alpine-ridge.ca www.amblesidesouth.com

www.amblesidewindermere.ca www.beaverbrook.ca www.livebrookfield.com www.liveincallaghan.com www.cameroncommunities.ca www.villageatgriesbach.com www.canterradevelopments.com www.liveincavanagh.com www.chappellegardens.com www.creekwoodchappelle.com

Cy Becker by Qualico Communities

www.cybecker.com

Desrochers Villages by MLC Group

www.desrochers-villages.com

Dream Development Eaglemont by MLC Group Edgemont by Brookfield Residential Edgemont Place by Qualico Communities

www.dream.ca www.eaglemont-beaumont.com www.myedgemont.ca www.edgemontplace.com

GARDENS

Forest Ridge by Qualico Communities Fraser Vista by G3 Developments/Lamont Land Genstar Development Company Glenridding by United Communities Glenridding Heights by Rohit Land Development

www.chappellegardens.com 98 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Granville by Alldritt Land Corporation

www.forestridgefortsask.com www.fraservista.ca www.genstar.com www.glenridding.ca www.glenriddingheights.com www.mygranville.com

Graydon Hill by MLC Group

www.graydon-hill.com

Greenbury by Beaverbrook

www.greenbury.ca

Griesbach by Canada Lands

www.villageatgriesbach.com

Hampton Pointe by Beaverbrook

www.hamptonpointe.ca

Harvest Ridge by Lamont Land

www.harvestridge.ca

Hawks Ridge at Big Lake Hawthorne at Heather Glen by Qualico Communities Hopewell Residential

www.hawksridge.ca www.hawthornesprucegrove.com www.hopewellcommunities.com

Hudson Park by Beaverbrook

www.homesinhudson.ca

Keswick on the River

keswick-in-windermere.com

Kenton Village by Beaverbrook

www.kentonvillage.ca

Lake Summerside by Brookfield Residential Langdale in Windermere by Qualico Communities

www.lakesummerside.com www.langdale-windermere.com

Laurel Crossing by Qualico Communities

www.laurel-crossing.com

Laurel Green by Dream Development

www.livelaurelgreen.ca

Maclab Enterprises

www.maclab.com

Manning Village

www.manningvillage.com

Maple Crest by Dream Development

www.livemaplecrest.com

McConachie Landing by MLC Group/Cameron Dev Corp

www.mcconachie-landing.com

McConachie by Walton Development & Management L.P. Meadowview by Qualico Communities MLC Group Montalet by United Communities Morningside Properties Newcastle by Qualico Communities ONE at Windermere

web directory

www.mcconachie.ca

www.liveinmeadowview.com www.mlcland.com www.montalet.ca www.mymorningside.com www.newcastle-edmonton.com www.oneatwindermere.com FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 99

Developers/Communities Paisley at Heritage Valley by Brookfield Residential

www.paisleycommunity.com

Palisades by MLC Group

www.palisades.ca

Prescott by Beaverbrook

www.liveinprescott.ca

Qualico Communities

www.qualicocommunities.com

Ravines of Devon by Qualico Communities

www.theravinesofdevon.com

Ravines of Richford by Rohit Land Development

www.ravinesofrichford.com

Reid Worldwide Corporation

www.rwwc.ca

Robinson by Beaverbrook

web directory

www.LiveInRobinson.ca

Ruisseau by Qualico Communities

www.ruisseau-beaumont.com

Secord by Hopewell Residential

www.liveinsecord.ca

Sienna by Qualico Communities

www.sienna-fortsask.com

Silverstone by Qualico Communities

www.silverstone-stonyplain.com

Southcreek by Qualico Communities

www.southcreek.ca

South Pointe by MLC Group

www.south-pointe.ca

Spring Lake Ranch

www.springlakeranch.ca

Springate at Spruce Ridge by Qualico Communities

www.springatesprucegrove.com

Spruce Village by Beaverbrook

www.sprucevillage.ca

Starling at Big Lake by Rohit Land Development Strata Developments Summerwood by Qualico Communities

www.stratadevelopments.ca www.summerwoodsherwoodpark.com

Suntree Tamarack by Dream Development Tamarack Common by Qualico Communities The Club & Residences of Riverâ&#x20AC;&#x2122;s Gate by Beaverbrook.

The Estates at Waters Edge

100 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

www.StarlingAtBigLake.com

www.liveinsuntree.ca www.livetamarack.com www.tamarackcommon.com www.riversgate.ca www.WatersEdgeEstates.ca

The Orchards at Ellerslie by Brookfield Residential

www.theorchards.ca

The Terrace at Schonsee by Brookfield Residential

www.discovertheterrace.ca

Thomas Creek

www.CalmarThomasCreek.com

Timberidge at Edgemont by Rohit Land Development

www.timberidgeatedgemont.com

Triomphe by MLC Group

www.triomphe-beaumont.com

Trumpeter by United Communities

www.trumpeterbiglake.ca

Tuscany Hills by United Communities

www.tuscanyhills.ca

United Communities

www.unitedcommunities.com

Upper Windermere by Beaverbrook

www.upperwindermere.com

Vita Crystallina Nera

www.liveatvita.com

Villas on the Ravine

www.villasontheravine.com

Walker Lakes North by MLC Group / Cameron Dev Corp Walker Lakes Station by MLC Group / JCA Financial Walker Summit by United Communities

www.westerrastonyplain.com

Windermere Ridge by Beaverbrook

www.windermereridge.ca

Windermere South

www.windermere-south.ca

Windrose

www.liveinwindrose.ca

Woodhaven - Edgemont

www.woodhavenedgemont.com

The Woods at Kenton by Beaverbrook

www.woodsatkenton.ca

Related Business Edmonton New Home Information Edmonton New Home Guide SLC Ltd.

web directory

www.waltondm.com

Westerra by Qualico Communities

Edmonton Custom Decks

www.walkerlakes-station.ca www.walkersummit.com

Walton Development and Management L.P.

Canadian Home Buildersâ&#x20AC;&#x2122; Association - Alberta

www.walkerlakes-north.com

www.chbaalberta.ca

www.edmontoncustomdecks.com www.new-home.com www.NewHomeGuide.ca www.shaneslandscaping.com

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 101

//MAKE YOUR MOVE

With a move, it’s all in the timing » by CHUCK RESNICK

CHUCK RESNICK

is Vice-President, Marketing and Operations at Two Men and a Truck – Canada

Timing is everything, and when it comes to ensuring a successful move, that statement is pretty much true.

Even if it’s not “everything,” using some careful planning and forethought helps “everything” happen efficiently.

The point is, as soon as you decide to move, start your thinking process, explore your options and take action.

First, are you going to move yourself, or will you hire movers?

It’s best to book the truck or the moving company at least a month ahead, and preferably more. Keep in mind that because of more cooperative weather, late spring, early summer and early fall are the most popular times of the year for moves. If you wait too long to book, you may have trouble getting someone during those seasons.

And don’t forget, June 30 is the busiest moving day of the year!

The less “stuff” you move, the easier and less expensive the transfer.

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

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

102 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

Following is a handy reference for what to do when.

A MONTH BEFORE THE MOVE …

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

2 WEEKS TO 1 WEEK IN ADVANCE…

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

THE DAY BEFORE THE MOVE…

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

ON MOVING DAY…

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

HOMEBUYERS’ HELP//

Homebuyers’ Resource Section You love the home, see what you can afford! » Compare mortgage rates for your best deal » Calculate your mortgage payments using the mortgage payment calculation chart

FEB 13 - MAR 13, 2015 | NEW HOME GUIDE 103

// HOMEBUYERS’ HELP

Calculate your mortgage payments CALCULATE YOUR MORTGAGE PAYMENTS MONTHLY PRE-TAX INCOME

DIVIDE BY 3

CHART FIGURE

AMORTIZATION AMOUNT

SPOUSE’S PRE-TAX INCOME

AFFORDABLE MONTHLY PAYMENTS

AMOUNT OF MORTGAGE DIVIDED BY 1,000

ESTIMATED MONTHLY TAXES & HEAT

TOTAL PRE-TAX INCOME

AMOUNT OF MORTGAGE (PRICE – DOWN PAYMENT)

AMORTIZATION AMOUNT

MONTHLY PAYMENTS

MORTGAGE PAYMENT CALCULATION CHART INTEREST RATES %

AMORTIZATION PERIODS 10 YRS

15 YRS

20 YRS

25 YRS

30 YRS

5.00%

10.58

7.88

6.57

5.82

5.34

5.25%

10.70

8.01

6.74

5.96

5.49

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

Follow these steps to see if you’ll qualify for a mortgage on your dream home

01 02 03

Calculate the combined monthly before-tax income of you and your spouse.

Divide by three. This figure is the monthly payment you can afford to make on your home.

Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

104 NEW HOME GUIDE | FEB 13 - MAR 13, 2015

04

Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay.

Line this up with the amortization period of your choice. (Most firsttime buyers take the 25-year amortization.)

05

Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06 07

Add to this your estimated monthly heating costs and monthly property taxes.

If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home.

» Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

Mortgage interest rates FINANCIAL INSTITUTION

VARIABLE 6 months

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.350

4.000

2.940

2.790

2.790

2.840

2.940

Bank of Montreal (BMO)

2.850

4.000

3.140

3.040

3.800

4.390

4.790

Bank of Nova Scotia

2.850

4.550

3.290

3.090

3.390

3.890

4.490

CIBC Mortgages

2.850

4.450

2.890

2.840

3.550

4.140

4.990

Canadian Western Bank

3.050

4.000

3.140

3.040

3.650

4.200

4.990

Canadian Western Trust

3.050

4.000

3.140

3.040

3.650

4.200

4.990

Effort Trust

-

4.450

3.450

3.600

3.700

4.600

4.950

Equitable Bank

-

-

3.140

3.140

3.800

4.540

4.840

First Calgary Financial

-

4.000

2.890

2.890

3.190

3.390

3.290

First National Financial

2.850

3.950

2.990

2.590

2.690

2.790

2.890

FirstOntario Credit Un.

2.850

4.240

2.990

3.040

3.190

2.990

2.990

HSBC Bank Canada

2.950

4.450

3.540

3.040

3.540

4.240

4.940

Home Trust Company

2.500

3.950

2.690

2.690

2.790

2.790

2.840

ICICI Bank Canada

3.050

-

3.150

3.650

3.640

3.690

3.690

Investors Group Trust

2.850

4.200

3.140

3.140

3.750

4.390

4.790

London Life

2.850

4.200

3.140

3.140

3.750

4.390

4.790

Manulife Bank

2.550

4.450

3.000

3.040

2.940

2.990

2.990

Manulife Trust

-

4.450

3.000

3.040

2.940

2.990

2.990

Meridian Credit Union

2.650

4.000

3.090

2.650

3.650

3.290

2.990

National Bank

2.850

4.400

3.140

3.040

3.750

4.390

4.790

Ontario Civil Service CU

3.000

6.000

3.090

3.090

3.070

3.240

3.290

-

4.500

3.150

3.500

3.750

3.850

3.950

President’s Choice Fin’l

2.850

6.190

3.190

2.840

3.490

4.040

4.440

Royal Bank of Canada

2.850

3.140

3.140

3.140

3.800

4.540

4.840

Servus Credit Union

-

4.000

2.990

2.940

3.440

3.940

4.790

Steinbach Credit Union

-

-

2.750

2.850

2.950

3.050

3.100

T-D Mortgage

2.850

3.140

2.990

2.940

3.440

3.940

4.790

Tangerine

3.000

-

3.190

3.240

3.490

3.690

3.790

Windsor Family C.U.

-

4.450

3.140

3.140

3.750

3.950

3.790

Your Neighbourhood C.U.

-

-

2.990

3.000

3.290

3.450

3.340

Peace Hills Trust

MORTGAGE TYPES ALL MORTGAGES ARE OF TWO BASIC TYPES: CONVENTIONAL: The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less.

The buyer has to pay 20% down.

A conventional mortgage cannot exceed 80% of the value of the property.

INSURED OR HIGH-R ATIO: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.

MORTGAGE OPTIONS You can choose any of these mortgage options which fit into the two basic mortgage types.

Lenders may even customize these options to suit your needs.

OPEN MORTGAGE: Allows borrowers to repay all or part of the total amount of their mortgage at any time without penalty.

Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a short-term mortgage at high interest rates to a longer term when mortgage interest rates fall.

CLOSED MORTGAGE: Usually has the lowest interest rate available but lacks the flexible features of other mortgage options.

A good choice for those who want the security of knowing their monthly payment is fixed for a longer term.

Prepayment options are available but they are subject to conditions.

PORTABLE MORTGAGE: Flexibility if borrowers move.

Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates.

PREPARED BY CANNEX ON FEBRUARY 3, 2015 AT 14:30:24 ET. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2015 CANNEX Financial Exchanges Limited. All rights reserved. Legal Notices

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