Edmonton New Home Guide - Jul 31, 2015

July 31 - Aug 28, 2015 Volume 27 Issue 08

Edmonton Edition

INSIDE THIS ISSUE

WHY EDMONTON IS A REAL WINNER

WHAT DOES THE INTEREST RATE CUT MEAN FOR YOU?

TIPS TO HELP YOU BUY YOUR FIRST HOME

start your search here.

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

7

KEY FACTORS FOR LEADING EDGE HOMES

A New Performance Benchmark for the Industry

7

STRENGTH MATTERS

6

EFFICIENCY IS IMPERATIVE

The materials and process used to build a new home dramatically affect the strength of that home. Make sure your home starts with a strong foundation built to the unique needs of the lot’s soil. Then, be sure to use engineered lumber throughout the home, and add spray foam to the walls to strengthen them further.

Energy efficient homes use minimal energy to stay very comfortable. Triple pane low-e argon filled windows combined with spray foam insulation make a great building envelope. A Heat Recovery Ventilator (HRV) and Tankless Hot Water System are also key technologies. Energy efficient homes create a win-win-win: for the earth, your pocketbook, and your family’s comfort.

5

DURABILITY DRIVES VALUE

A home is your largest investment. You can live

4

HEALTHY HOMES HELP YOU

Air pollution, radiation from technology, and toxins in our food and body products give our bodies enough work. Why not lighten your body’s load by having a home with a great building envelope that protects you from outdoor pollutants and allergens? Also make sure your home’s building OSB is free of carcinogenic urea-formaldehyde, only use water based lacquer, and choose paints and grouts low in VOCs. Additionally, opt for spray foam insulation, as it mitigates mould growth.

3

PRECISION IS PARAMOUNT

2

SUSTAINABILITY MAKES SENSE

The precision with which each part of your home fits together has a huge impact on how well it can function - from keeping the air healthy to minimizing energy requirements. A home’s every piece and part needs millimetre precision.

This requires talented people doing their best work with the help of leading edge technology like climate controlled building space, robotics with millimetre precision, mechanical muscle, and engineered lumber. People plus technology create a home of uncompromised quality.

Sustainability means that all humans and natural systems can continue to have living conditions and enough resources to flourish forever. We build homes that last using building methods that are easy on the earth, like sourcing safe local materials that last, minimizing construction waste and demand for natural resources, and crafting homes with reduced energy demands – or that produce their own energy using solar power!

The ‘Family-fun-time’ Stage. in a durable home for much longer with minimal

1

maintenance costs, and enjoy a home that shows STYLE IS MORE THAN Iflittle this iswear where you’re in life, the Servus Life(from Stage Mortgage and tear.atMillimetre precision SKIN DEEP building with cutting technology without can give you a little extraedge money for a beach vacation, road trip harsh outdoor weather or human error) as well The expression of style through the most visible or anything else you need to make family time, quality time. as unmatched strength (through spray foam layer of a home is very important. Our in-house insulation and is key team of cutting edge professional Interior See how you canengineered own a homelumber) in any stage of to life.a durable home.

Designers ensure that every Landmark Home Visit servus.ca/mortgages. has sublime style. But, just like people, the most beautiful homes are gorgeous inside and out. We love putting the stylish finishing touches on our 1% LIFE STAGE REBATE PROFIT SHARE MORTGAGE RATE homes because they express the beauty of what’s LandmarkHomes.ca inside them: strength, efficiency, durability, health, precision and sustainability. it’s what’s inside Personal | Mortgages | Investments | Loans | Insurance | Business

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averton.ca 7

contents JULY 31 - AUG 28, 2015 | | VOLUME 27 ISSUE 08

Community Profile

P. 53

GRANVILLE Exceptional home options in captivating surroundings

features & editorials IN EVERY ISSUE

features & editorials 10 Editor’s Note COLUMNISTS IN EVERY ISSUE

16 10

24 24 28 28 60 60 70

74

CHBA Editor’s- Alberta Note

Edmonton looks like COLUMNISTS a winner

16 19

70

Money Matters

Owning vs renting

by Gail Vaz-Oxlade

Xxxxxx Xxxxxx Designer Secrets

Xxxxxx xxxxxx xxxxxxbedroom Making your master

by Janeown Lockhart your

by Jane Lockhart

CHBA - Alberta Edmonton Advice Looks Like a Mortgage

IN THE NEWS IN THE NEWS 18 Edmonton Housing Market Edmonton housing market 18 Edmonton Housing Market

Fundamentally Speaking

19 22

by Jim Rivait

Winner What will Bank of Canada’s

by Jim Rivait interest rate cut mean for the economy, housing and you?

by Alyssa Richard

Buying your first home

by Wayne Karl Fundamentally Speaking

Tips to help you buy your Homebuyers’ Help first home Xeriscaping, what is it?

by Wayne Karl

by Shane’s Landscaping & Contracting

Ltd. Homebuyers’ Help

Xeriscaping, what is it?

Xxxxxx Xxxxxx

by Shane’s Landscaping & Contracting Ltd.

Xxxxxx xxxxxx xxxxxx

by Lydia McNutt Home Sweet Home

Low rates changing Money Matters Canadians’ mortgage habits Owning vs Renting

by Lydia McNutt

by Gail Vaz-Oxlade

48 22 68 48 68

reaching a turning Edmonton housingpoint? market reaching a turning point?

Mortgage Advice BWhatHomes will Bank of Canada’s Sabal

iterestHomes rate cutbecomes mean forHopewell the Sabal economy, housing and you?

Residential

by Alyssa Richard

Troika Development Sabal Homes Developer tries to give away free

Sabal Homes becomes house at Stewart GreensHopewell Residential

Cottage vs City Troika Development Canadians choose cottage over Stewat Greens city getaway

by Olivia Bowden

Cottage vs City

Canadians choose cottage over city getaway

HOMEBUYERS’ HELP

36

New Homebuyers’ Resource Section HOMEBUYERS’ HELP Mortgage calculator

36 53 53 63 63 76 76

and table Newrate Homebuyers’

Resource Section Community Profile

Mortgage–calculator Granville exceptional and rate table in captivating home options surroundings Community Profile by Salina Yara Granville – Halabi exceptional home options in captivating Showhome Review surroundings Wide open spaces –

by Salina Yara Halabi the Carleton Showhome by Morrison Showhome Homes Review Wide Directory open spaces Web The Carleton Edmonton areaShowhome builders,

by Morrison Homes developers and communities

Web Directory

Edmonton area builders, developers and communities

ON THE COVER

p. 14

July July 31 31 -- Aug Aug 28, 28, 2015 2015 Volume Volume 27 27 Issue Issue 08 08

PRESIDENT, PRESIDENT, YELLOW YELLOW PAGES PAGES NEXTHOME NEXTHOME

Edmonton Edmonton Edition Edition

Jacqueline Hill

EDITOR-IN-CHIEF EDITOR-IN-CHIEF // DIRECTOR DIRECTOR OF OF CONTENT CONTENT

Susan Legge

DIRECTOR DIRECTOR OF OF SALES, SALES, NATIONAL NATIONAL

DREAM Building better communities

Moe Lalani

SENIOR SENIOR SALES SALES MANAGER, MANAGER, WESTERN WESTERN CANADA CANADA

Edwin Rizarri ART ART DIRECTOR DIRECTOR

Victoria Cigan EDITOR EDITOR

Wayne Karl CONTRIBUTING CONTRIBUTING EDITORS EDITORS

Sara Duck (on leave) Elisa Krovblit Lydia McNutt SENIOR SENIOR MEDIA MEDIA CONSULTANTS CONSULTANTS INSIDE INSIDE THIS THIS ISSUE ISSUE

WHY WHY EDMONTON EDMONTON IS IS AA REAL REAL WINNER WINNER

WHAT DOES DOES THE THE INTEREST INTEREST WHAT RATE CUT CUT MEAN MEAN FOR FOR YOU? YOU? RATE

TIPS TO TO HELP HELP YOU YOU BUY BUY TIPS YOUR FIRST FIRST HOME HOME YOUR

Jennifer Mizier 780.217.6778 Nancy Chemait 780.619.3241 NATIONAL NATIONAL CIRCULATION CIRCULATION MANAGER MANAGER

63

John Jenkins

PRODUCTION PRODUCTION CO-ORDINATOR CO-ORDINATOR

Greg Van Sluytman GRAPHIC GRAPHIC DESIGNERS DESIGNERS

Viosa Barileva Miguel Cea MANAGER MANAGER OF OF PRODUCTION PRODUCTION

Bala Gnanapandithan

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

62

ypnexthome.ca

district maps 023 Southeast

056 Stony Plain

026 Sherwood Park

057 Spruce Grove

027 Fort Sask

059 Southwest

029 Northeast

067 South

038 St. Albert

071 Leduc

039 Northwest

073 Beaumont

047 West

COPYRIGHT COPYRIGHT 2015 2015 All rights reserved by Yellow Pages Homes Limited, 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. Yellow Pages NextHome is a trademark of Yellow Pages Group Co. in Canada.

TERMS 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 EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at Susan.Legge@ypnexthome.ca.

//EDITOR’S NOTE

‘Get it in writing’

This term never more important than when buying a new home

B SUSAN LEGGE

EDITOR-IN-CHIEF Yellow Pages NextHome Susan.Legge@ypnexthome.ca Follow me on Twitter at Twitter.com/SusanLegge

uying a brand-new home offers an opportunity to get what you really want. It can be a dream come true and an investment for the future, but don’t forget, it’s also a legal transaction. The term “get it in writing” has never been more important, since it outlines everything your new home will have in it, on it and around it.

Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms between you and your builder.

Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was originally promised.

Since buying a new home is much more complicated than a resale transaction, there is no set Agreement of

Purchase and Sale or standard contract.

In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements, so these can vary from one company to another and from province to province.

Before you sign a contract, review it carefully with the builder representative, and ask questions to make sure you fully understand what’s in it. Your next step is to then take it to a real estate lawyer and have it reviewed. Once it is signed, it becomes a legal document, so seeking the services of an experienced lawyer is an important step toward ensuring that your dream home becomes a reality.

Finding the right home for you Knowing what to look for – and where – are crucial parts of your new home search

O

WAYNE KARL

EDITOR Yellow Pages NextHome

nce you’ve decided to buy a new home, the excitement begins to build immediately.

Where to buy? What type of home? Is now the right time?

The answers to such questions will vary from person to person, depending on individual circumstances and needs. Choosing the type of home you can afford, and what finishes and design features you want, might be the easiest part of the process. A little more challenging, but nonetheless equally important, are matters such as finding a community in proximity to amenities such as shopping and schools, commuting times and transit options,

and if your new home will still be suitable in three, five or 10 years.

As for the timing of your purchase, it’s natural to wonder whether now is the best time, given all the discussion about market conditions. But if your employment and finances are secure, you’re best served looking at the long term – say seven years. Where are new-home prices likely to be then?

Higher or lower? And if you missed out on building equity by delaying your purchase, would you be better off?

In this issue of New Home Guide, like we do in every edition, we have a variety of content designed to help you determine your own answers to these questions.

T In

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Wayne.Karl@ypnexthome.ca Follow me on Twitter at Twitter.com/WayneKarl

10 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

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These let you personalize your home in the manner that suits you. Would you rather have an extra bedroom than a den? Do you prefer to max out closet space? Architect’s Choices gives you tried and tested options that are expertly incorporated during your home’s construction, and are always fully warranted. As well, our Designer’s Choice Options provide the best value and variety – from designs to materials to colours – when you choose to make a Mattamy home your very own.

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12 NEW HOME GUIDE | JUL JUN 31 5 --JUL AUG3,28, 2015 2015

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//INDUSTRY UPDATES – CHBA - ALBERTA

Edmonton looks like A WINNER » 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.

Edmonton and Calgary have always enjoyed a friendly rivalry. Right now, Edmontonians have lots to boast about.

We got lucky landing Connor McDavid in the NHL draft, new NDP Premier Rachel Notley is from the capital city, and our economy is experiencing a lot less turbulence than our neighbour to the south.

While all of Alberta is doing better than economists had expected after oil prices started falling a year ago, Edmonton has been a standout in the crowd.

The housing market is a great example. A recent report from Royal LePage showed house prices had climbed for both single family homes and condos over the last year. Bungalows rose 4.1 per cent and condos climbed 4.4 per cent in Edmonton during a period where Calgary prices edged down.

CHBA – Alberta Economist Richard Goatcher tracks construction trends for our industry and his monthly reports show a sharp split between Alberta’s two biggest cities, with home starts falling off in Calgary but showing strength in Edmonton.

Edmonton builders poured foundations for more than 3,000 new single-family homes in the first half of this year. That’s up almost three per cent over last year’s strong results. Those homebuyers have recognized that the city’s long-term prospects are bright and now is a great time to invest in the homes of their dreams.

16 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

Today’s amazingly low interest rates will enable those buyers to pay down debt faster and build equity sooner. The Bank of Canada’s decision to lower interest rates again means the window of opportunity to lock in a historically low rate will be open – for at least a little bit longer.

Even more impressive is the explosion of activity in the multi-family market. That side of the industry is having a banner year with starts up almost 90 per cent to more than 6,000 units.

A big rush of investment in the rental market is one factor driving extraordinary activity levels. And that should send a signal to anyone who is considering buying a new home.

Investors have looked at our city’s economic fundamentals and decided this is growing market will provide long-term secure returns. That confidence promises to bring even more construction to Edmonton. A recent article by ATB Financial Chief Economist Todd Hirsch noted that building permits in Edmonton are still trending up.

Landlords with major holdings are also seeing opportunities in the current economy to buy up apartment blocks more cheaply now and lock in future returns. At least one is even hoping to take advantage of home buyer hesitation to retain tenants and keep money flowing in.

When the folks who collect your rent are seeing positive signs in the housing market not just in Edmonton but all across Alberta, maybe it’s time to check out what your monthly payments could buy in a new home.

Right now, Edmonton appears to be a little bit ahead of Calgary on the economic curve but the Stampede City will be running strong again before long. But we can all still look forward to razzing Flames fans about McDavid even when they two cities are back at even strength in the economic field.

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.

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JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 17

//IN THE NEWS

/

Edmonton housing market reaching a turning point?

For the first time in 2015, the Realtors Association of Edmonton has recorded an increase in year-over-year reported sales for the month. Total sales in June 2015 reached 2,008, up 2.4 per cent over the 1,961 sales reported in June 2014.

Of these, 1,243 were single-family sales (up 2.1 per cent over 2014), 572 were condo (up 1.6 per cent more from 2014) and 156 were duplex/rowhouses (11.4 per cent more than 2014). June sales were also up 13 per cent from figures reported in May. “We finally saw prices take the expected small dip month over month that we have been waiting to see due to lower sales and higher inventory. Prices still remain higher than the same time last year, and with sales ramping up again and inventory starting to settle, we likely won’t see our prices drop much more than this,” says Geneva Tetreault, president of the Realtors Association of Edmonton.

Single-family prices were up two per cent year-over-year at $444,862 for June 2015. Condo prices continue to remain static at $255,662. Duplex/rowhouse are still popular and have seen price growth of two per cent year over year. June prices have dropped slightly from May by 1.4 per cent for single-family, 0.1 per cent for condo and 0.8 per cent for all residential.

Edmonton’s housing inventory is at a healthy level, at 7,177 by the end of June 2015, down from 7,303 in May. All residential listings were up year-over-year by 7.7 per cent but down 3.6 per cent month-over-month. There is currently just over three and half months’ supply of inventory, meaning it will take 3.5 months to sell the homes currently on the market.

18 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

“The reality of what we are seeing in the market is that the slight hesitation from buyers that came with the drop in oil prices is lessening. Edmonton has not been hit nearly as bad as what many predicted, and buyers are becoming more confident that our market won’t plummet. Th is renewed confidence coupled with low mortgage rates and a healthy selection means that people are realizing that this is still a good time to buy.”

Low mortgage rates and a healthy selection means that people are realizing that this is still a good time to buy Tetreault continues, “People move when their lifestyle warrants a change. Th is will always be true. There are always buyers and sellers, no matter what the market looks like or what analysts predict.”

The average number of days on market for all residential property types was up again in June, at 49. Single-family homes too 46 days to sell, up from 43 in May. Condominiums were averaging 52 days compared to 49 in May. Duplexes/ rowhouses took an average of 50 days to sell.

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Artistic style and creativity come to life in the southwest community of Paisley, where no street looks the same with a mix of traditional and modern architecture. Residents enjoy innovative art, natural areas, playground and endless amenities.

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Step into an established community in northeast Edmonton that captures the everyday comforts of home and creates the perfect place for your family to live, play and grow. The Terrace at Schonsee backs onto the Schonsee wetlands, a beautiful backdrop featuring walking paths, recreation space and perfect for those family picnics, cycling, early morning runs or evening strolls.

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2015-07-16 11:15 AM

//MORTGAGE ADVICE

//MORTGAGE ADVICE

What will Bank of Canada’s Wh interest rate cut int

ALYSSA RICHARD

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

MEAN FOR THE ECONOMY, HOUSING AND YOU?

MEAN

» by ALYSSA RICHARD

» by ALYS

On Wednesday, July 15, the Bank of Canada (BoC) announced it would cut the target for the overnight lending rate by 0.25 per cent to 0.50 per cent. This was just the second such rate cut since 2010, with the BoC most recently cutting rates by a 0.25 per cent margin this January.

January’s rate cut came as a surprise to many, but this most recent move had been anticipated in the weeks leading up to the announcement. Lower oil prices have led the Canadian economy into a slump, prompting debates over whether we are in a recession. That argument has mostly come down to the definition of the word – a recession is technically defined as two consecutive quarters of negative GDP growth. The BoC was careful not to use the R word in its announcement, but acknowledged the economy is underperforming and an interest rate cut was necessary to “help return the economy to full capacity and inflation sustainably to target.”

The rate cut has mixed effects, however. Last month, BoC Governor Stephen Poloz compared January’s rate cut to “life-saving surgery,” noting that the positive benefits outweighed any side effects such as increased levels of consumer debt. Since mortgage rates are closely tied to the BoC’s overnight rate, the housing market will also be affected.

In Toronto and Vancouver where prices have been skyrocketing, rate cuts are only making the situation worse, putting ownership further out of reach for first-time homebuyers.

Prior to the announcement, it was unclear whether a rate cut would, in fact,

On Wedn Canada (B the target by 0.25 pe was just th 2010, with cutting rat this Januar Januar to many, b been antic to the ann have led th slump, pro we are in a mostly com the word – defined as negative G careful not announcem economy i interest rat return the inflation su The ra however. L Stephen P cut to “life the positiv effects suc consumer closely tied the housin In Toronto have been only makin ownership first-time Prior t unclear wh

ALYSSA RICHARD be another cup of coffee for an already overstimulated housing is the Founder and CEO of RateHub.ca, a market. But in the hours following the announcement, it mortgage rate comparison became clear that homebuyers were eager tosite take of thatadvantage aims to empower Canadians makecent smart lower mortgage rates. Traffic to ratehub.ca surged 300to per financial decisions. as Canadians searched for better mortgage deals in the hours following the announcement. Mortgage brokerage Butler Mortgage lowered its five-year variable mortgage rate by 0.10 per cent almost immediately, to 1.88 from 1.99 per cent. The drop translates to $1,320 savings in mortgage payments over a five-year term.

TD was the first of the major banks to lower their prime rate, cutting it by 0.10 per cent the day as the BoC announcement. Within a day, many banks had lowered their prime rate by 0.15 to 2.70 per cent.

Some remain unconvinced the cut will do enough for the average Canadian to save any money, or stimulate the economy.

Others worry the impact on the Toronto and Vancouver housing markets would increase disparity between those hot markets and the rest of the country, where real estate has been relatively stable.

So what does BoC’s latest announcement mean for you? If you have a variable rate mortgage, you can expect to save a few dollars a month when your interest rate drops. Interest rates on other variable rate loans (such as lines of credit) are also likely to drop, freeing up some cash. If you’re shopping for a house, your overall affordability will likely increase due to lower mortgage rates, but you may find that higher house prices quickly negate any advantage you might have had.

We’ll have the summer to find out what effect the cut has on the housing market and the economy as a whole. The next rate announcement is Sept. 9.

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 19

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 turn-around 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.

Waters Edge homes have been designed in a timeless Craftsmanstyle 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.

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

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 21

//IN THE NEWS

EDMONTON’S NEW RENTAL UNIT CONSTRUCTION SOARS IN 2015 (PART 1)

In the first four months of 2015, housing unit starts in

terms of sales and price growth, with the resale side of

the Edmonton region have grown 136% on an annual

this market experiencing continued price growth thus

basis*. While owner-intended starts have nearly

far in 2015.

doubled by this measure, today’s construction is being

SABAL HOMES

heavily bolstered by an insurgence in apartment rental

Given the above, one might ask why there is a need

starts – 981 since January 2015*.

to build new rentals when we can just promote further homeownership in the new condo market.

Becomes Hopewell Residential One obvious driver of this trend has been the region’s

consistently thin vacancy rates within professionally Award-winning home builder Sabal Homeslooking is retiring managed rental buildings.

For those to its rent, name, and will officially become known as Hopewell finding an apartment in this market can be daunting, Residential as of Aug. 15, 2015.

Sabal Homes and Hopewell Residential Communities with many settling outside of desired areas, or for less operated as separate companies within the Hopewell Group desirable options. This situation has caused average of Companies until 2013, when the organizations unified as rents the region grow faster than anywhere else one, new in company calledtoHopewell Residential. inAccording Canada*.to Scott Hamilton, Hopewell Residential’s director, marketing and communications, Sabal Homes’ name change is a natural evolution for one of Alberta’s favourite Many real estate agents and new condo developers home builders. now note rental resemblea “Over morethat thantoday’s 20 years, Sabalcosts Homesclosely has represented dedication to style and success,one andmight has prided the mortgage payment pay itself on aoncondo. creating lasting relationships with both its homeowners and This point should seemingly hold close sentiment with its valued partners in business,” Hamilton says.

Edmontonians who maintain the highest “With this momentous step, weone areof honouring our housing commitment to innovation, adaptability and productivity – and homeownership rates of all major Canadian regions*. while our name has changed, our commitment to great design, attainability, craftsmanship and customer service has not.”

Local values like this also helpbuilding explain the success The name change for may the company’s division of the region’s apartment rental condoofconversion marks a signifi cantmany step forward in the evolution Hopewell Residential, and speaks to the company’s dedication to – a projects that took place between 2005 and 2011 simplifying the homebuying process, while ensuring it time when the exciting, primary and rental market was by remains enjoyable, streamlined fromreduced community over 8,000 apartment selection, to move-in day. units*. Furthermore, condos for “We’ve been around over 20 years, newest won countless sale have experienced great success in recent years in Intelligence House for is Edmonton’s and most awards, and have helped thousands of homeowners find their innovative Real Estate Marketing Agency with a new favourite places to live, and we’re just getting started,” focus on strategic market intelligence which Hamilton says. includes fullweresearch, marketing and than sales “At Hopewell, believe our work is about more services to the real estate industry. ourIntelligence commitment House to beingisleaders in the new home and most Edmonton’s newest construction andReal residential development - it’swith also a innovative Estate Marketingindustry Agency about fostering connections between people once homes and focus on strategic market intelligence which communities are built.

Each day, we strive to create places includes full research, marketing and sales where people love to live.” services to the real estate industry.

Sabal Homes will officially become Hopewell Residential

22 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

The answer to this is an unforeseen real estate market trend and an appearing, if not now apparent, consumer trend. In past articles, we have written about the opportunities for investment in Edmonton’s secondary markets, as highlighted by the fact that while the city of Edmonton’s entire stock of apartments grew by over 7000 units from 2012 to 2014, occupancy rental rates remained stagnant at roughly 30 percent. All of this occurred while the professionally managed stock of rental apartments remained stagnant*.

It seems that developers of these new primary rental projects have tuned into an emerging trend that was previously being serviced primarily by secondary rental market investors. What is this trend?

More on this in all aspects as ofnext Aug.time…

15, 2015. While the website address will become hopewellresidential.com, company staff and the board of directors will remain in place. The company will continue to offer condos, townhomes, side-by-side homes, *Statistical figures and trends are based on public publications laned homes, and attached-garage homes in the best new provided byacross the CMHC. communities Alberta, including Hopewell communities such as Mahogany, Canada’s Community of the Year, along with Secord, Edmonton, Copperfield, Calgary; From left to right: andMichael HeronMelnychuk Pointe at Reunion, Airdrie.

“Going forward, our focus is to make it easy to build your Alex Ruffini Emmett Hartfield first, next and forever new home throughout Edmonton, Calgary and Airdrie’s most sought-after communities,” Hamilton says.

“We’re not your typical home builder and community From left to right: Michael Melnychuk developer – we look forward to showing Edmonton, Calgary Ruffini andAlex Airdrie home buyers how we’re different in the best Emmett Hartfield possible way.”

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

southeast

9

2

4 LAUREL CROSSING

7 TAMARACK COMMON

5 MAPLE CREST

8 LAUREL GREEN

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

6 WILLOW HAVEN

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

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

9 LARKSPUR LANDING

DEVELOPER: Rohit Communities BUILDERS: Rohit Communities LOCATION: 2845 - 43rd Avenue NW Edmonton

23 53

//FUNDAMENTALLY SPEAKING

BUYING YOUR FIRST HOME?

Four tips to help guide your decision » by WAYNE KARL

WAYNE KARL

is an award-winning writer and editor with experience in real estate and business.

In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property.

He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/WayneKarl

When you’re buying your fi rst home, you are sure to be fi lled with many important questions. How much can you afford? How much will it all cost?

Where do you really want to live, and can you afford the area? And, finally, what type of home do you want?

The answers are very individual: it really depends on your situation – from the amount of your down payment to where you work to whether you have kids to other personal circumstances.

For your enjoyment while you live in your home, as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your property’s appeal, and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your house has when you go to sell, the more it will be attractive to a greater number of people.

While experts suggest you take a long-term view when buying a home, it’s also important to not look too far down the road.

When you’re buying your first home, you are sure to be filled with many important questions.

Let’s be honest, your fi rst home may not be your dream home, and your needs and desires are sure to change throughout the various stages of homeownership.

So, while the answers to the above questions are specific to circumstances, there are also some common guidelines you can follow.

24 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

1

HOW MUCH CAN YOU AFFORD? Experts agree it is never a good idea to make yourself house-poor, and it is a very common mistake, particularly of first-time buyers, to buy more home than you can really afford. Meeting with a mortgage broker or your banker will help determine your full financial picture, assessing everything from your credit rating to your down payment. Experts also suggest you “stress-test” your plan to see how well you could cope with higher mortgage payments brought on by rising interest rates.

2

HOW MUCH WILL IT REALLY COST? Another common homebuyer mistake is not being prepared for all the closing costs involved: lawyer fees, land transfer taxes, utilities, insurance, and home inspection and appraisal fees and insurance. All of these costs add up, and ultimately should factor into your overall home-shopping budget.

3

WHERE DO YOU WANT TO LIVE? Th is question is becoming more important for a number of reasons, though influenced primarily by where you work, how much of a commute you want and whether your transportation options include mass transit or driving only.

It may not be as simple as choosing to live in the city, suburbs or a small town.

4

WHAT TYPE OF HOME DO YOU WANT? Once you have determined your options for cost and location, you can then assess what types of homes are available in your price range and desired neighbourhood: Single-family detached, semi-detached, townhome, duplex or condo?

Some many questions, so many choices. The good news is, home builders today are in sync with customer preferences for location and amenities, and with market realities with regard to pricing and needs for energy efficiency, so your options for new-home product have never been better.

SOUTHEAST

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 25

day

Lakeland Dr.

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Who and what to believe?

3

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vd

WAYNE KARL

» by WAYNE KARL For homeowners, when someone says your home is drastically overvalued, naturally, you worry. If you’re a Whitemud Dr. prospective homebuyer, such news might cause you Highway to delay628 your purchase. That’s the power of housing valuations.

The problem is, who and what to believe?

1 ASPEN TRAILS/EMERALD 3 LAKELAND RIDGE Here are some recent examples of Canada’s housing valuations, DEVELOPER: Genstar Development Co. HILLS

is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics 2 of buying property.

Email wayne.karl@ ypnexthome.ca or follow him on Twitter atTwitter. com/WayneKarl

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HOUSING VALUATIONS

4 SUMMERWOOD

DEVELOPER: Qualico Communities from a variety of sources: Co. BUILDERS: Jayman MasterBUILT, DEVELOPER: Genstar Development BUILDERS: Landmark Homes, Rohit Pacesetter Homes, Rohit BUILDERS: Coventry Homes, Park Royalby 60 per Communities, Deutsche Bank: overvalued cent Communities, Open Homes, Landmark Homes, Christensen LOCATION: Lakeland Drive & Campbell Rd. Bank ofRohit Canada: overvalued by 30 per cent LOCATION: East of Clover Bar Rd. Developments, Communities, North of Baseline Rd.housing on Lakeland Dr. Homes

by Avi, MarcsonMonetary Homes, Daytona report reminds everyone that International Fund: overvalued by 11 per cent Homes Master Builder markets must be assessed on a micro TD Bank: overvalued by 11 per cent LOCATION: Lakeland Drive & Aspen level, not wide-swathing national Trail Canadian housing economist Will Dunning: undervalued

by nine per cent

ARDROSSAN HEIGHTS

DEVELOPER: Strata Developments WithOpen such a wide variance in valuations, and using differing BUILDERS: LOCATION: 4 miles eastto of Sherwood measures, who believe, indeed?

Park on Baseline Road North at RR 824 “Far too many foreign economists try to make overly to Ardrossan NEW LOTS COMING

simplified SOON!

statements about foreign housing markets they don’t understand enough about,” Calum Ross, mortgage broker and real estate investor, told New Home Guide.

“Above and beyond the traditional measures, there are a number of less tangible measures, such as the stability of social, political and economic systems at the federal, provincial and municipal level.

“Canada represents one of single largest countries in the world and going from coast to coast, Canada is home to a very diverse group of people with local economics that are vastly different,” Ross says. “Saying there is a Canadian housing market is no less ridiculous than saying there is ‘Canadian temperature.’”

Thankfully, Canada Mortgage and Housing Corp.

(CMHC) added some context recently in its House Price Analysis and Assessment (editor’s note: for more information, flip to page 56), which provided a market-by-market snapshot

by Canada’s larger centres. The report attached a risk level – low, moderate or high – for the major cities, using risk factors of overheating, acceleration in house prices, overvaluation and overbuilding.

With Regina and Winnipeg, of all places, being the only major centres earning “high risk” assessments, CMHC’s

viewpoints. Canada’s most expensive market, Vancouver, earned a “low risk,” while Toronto, the other market often mentioned in conversations about overvaluation, was ranked as “moderate risk.”

“From a pure economic theory standpoint, when interest rates are low, then real asset prices will go up,” says Ross. “Real estate is one of the most interest-rate-sensitive sectors of the global economy. When it comes to mortgages, what we know is that people have a tendency to buy payments and be less concerned with total debt. The lower interest rates and longer amortizations allow for lower payment and as long as payments stay affordable – many people won’t get caught up with the sticker shock of more expensive real estate prices.”

So, who to believe, next time you see a report on Canada’s housing valuations?

Well, a Canadian source such as CMHC is a good start. Otherwise, as experts stress, remember to look at your individual market for a clearer indication, not the national assessment.

sherwood park

sherwood park

//FUNDAMENTALLY SPEAKING

1 5 7

3

1 SOUTHPOINTE

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

2 SOUTHFORT RIDGE 2 DEVELOPER: SOUTHFORT StrataRIDGE Developments

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

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

4 SOUTHFORT ESTATES 4 DEVELOPER: SOUTHFORT StrataESTATES Developments BUILDERS: Open DEVELOPER: Strata to Developments public BUILDERS: Open LOCATION: Southfort to public Drive & LOCATION: Greenfield WaySouthfort Drive &

51

4

2

5 Greenfield FORESTWay RIDGE IN WEST PARK 5 FOREST IN DEVELOPER:RIDGE Qualico Communities WEST PARK BUILDERS: Pacesetter Homes, Connect Homes

6 6 7 7

DEVELOPER: Qualico Communities Homes by Santos, Victory Homes, Open BUILDERS: LOCATION:Pacesetter Westpark Homes, Drive &Connect Homes Homes by Bend Santos, Victory Homes, Open Cranberry LOCATION: Westpark Drive & CranberryWOODLANDS Bend WEST DEVELOPER: Strata Developments WEST WOODLANDS BUILDERS: Ingram Custom Homes, Open DEVELOPER: LOCATION: 55Strata St. &Developments Sunset cres. Bruderheim BUILDERS: Ingram Custom Homes, Open LOCATION: 55 St. & Sunset cres. Bruderheim SIENNA DEVELOPER: Qualico Communities SIENNA Sterling Homes, BUILDERS: DEVELOPER: Qualico Communities Rohit Communities, BUILDERS: LOCATION:Sterling 94 St. &Homes, 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

sherwood park

6

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

27 47

AREA INFO

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Levasseur Rd.

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

Sturgeon County

167 Ave.

6

127 St.

st. albert

//HOMEBUYERS’ HELP

• 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

e

Sturgeon Valley Golf Course & Riverlot 56 Natural Area

While we can’t tell you everything about xeriscaping in this article, here are a few more basic principles and suggestions: • Study the natural drainage patterns, hills and valleys of your property. You may want to add interest through terraces, rocks, timber and other natural elements.

• Think about areas for seating, walkways, outdoor dining and any other activities.

• There are more great ideas for xeriscaping from improving your soil to mulching, irrigation, ground cover and maintenance.

28 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

156 St.

170 St.

184 St.

diamonds, 47 soccer/football fields, 4 In short, xeriscaping means using creative landscapingrt Tr. CALL A PROFESSIONAL Regulation Rugby Fields, 1 regulation TO EDMONTON to conserve water. The technique uses native plants Hiring a qualified professional with the proper is a size great BMX track,knowledge 7 pools, 3 NHL hockey arenas, arenas and 27 which are best suited to the area. While this approach place to start. Most homeowners underestimate the2 indoor work associated outdoor ice surfaces, Arden Theatre, started in high drought areas, it is broadening in its with landscaping the yard of new home.

Many of the procedures are Historic sites, Art Gallery, Museum LACOMBE 6 TUSCANY HILLSand &very UPPER appeal in all 1 geographic areas.PARK ESTATES tedious, lengthy labor intensive, often including several • MEDICAL FACILITIES: Sturgeon DEVELOPER: Genstar Development Co. TUSCANY pieces of large order to Communitybeware.

Hospital,In2 medical BUILDERS: OPEN DEVELOPER: Unitedequipment.

CommunitiesDo-it-yourselfers…

St. Albert & Sturgeon Primary LOCATION: Giroux Rd. & Lacombe Dr. BUILDERS: OPEN to theand Public WHAT ARE THE BENEFITS? achieve the stylish functional yardcentres, you desire to complement Care Network, plus other health LOCATION: North corner of 127th Street • Saving water is the keyRIDGE benefit of this technique. We & your new home, hiring a qualified landscaping contractor to get the practitioners.

2 NORTH 195 Ave Development apply 50 perDEVELOPER: cent of our Genstar residential waterCo. to plants job done is a wise first step.

• PARKS & PATHWAYS: 85 km of the BUILDERS: Ironstone Homes, San Rufo RIDGE ESTATES Trail system connecting and lawns. This technique can reduce this water 7 PINNACLE A quality outdoor living space willRed notWillow only make you the envy Homes, Vista Homes DEVELOPER: Pinnacorp Investments Inc. all residents to the river valley. 76 city/ usage by 50 to 75 per cent. of the neighborhood and be a welcome sanctuary for your family, LOCATION: Northridge Dr. and BUILDERS: Marco Antonio Homes, Alves school playgrounds, and 2 dog friendly Hogan Rd. which consists of occasional Construction Inc, Heredity • Minimal maintenance, children and pets forHomes, years to come, itparks will also increase the value of Design Innovation, Open pruning 3andERIN weeding. your home.

It isRoad important to hire a landscaping contractor that has RIDGE LOCATION: Starkey & Bellerose Cultivate Family in DEVELOPER: Qualico Communities on Sturgeon River • Save on fertilizers and pesticides, which are usually Drive extensive experience in the industry and is a full service landscaping St. Albert!

BUILDERS: Daytona Homes unnecessary Master because sufficient nutrients are provided company. A good landscaping professional should have a website http://movetostalbert.ca Builder, Parkwood Master Builder 8 REGENCY HEIGHTS LOCATION: Coal Mine Road and by healthy, organic soil. with a photo of previous landscaping projects. Browsing ESTATES IN library KINGSWOOD Everitt Drive.

Canterra Developments Corp.with beautifully landscaped yards will • Reduce pollution, because the more of your yard you DEVELOPER: through and looking at homes BUILDERS: DiGiuseppe Interior Design, xeriscape, less turfMANOR areas you POINTE have to mow, your creative juices flowing.

4 theUPPER Lassurely Palmasget Estate Homes DEVELOPER: Upper Manor Pointe LOCATION: Poirer Ave, just off Sir& Contracting Ltd. specializes in possibly allowing you to change to a reel mower.

Shane’s Landscaping BUILDERS: Open Winston Churchill Ave. • Raise your property valueCorner with of xeriscaping which can residential, estate and acreage landscape construction. From patios to LOCATION: Coal Mine Road & Starkey also offset the cost ofroad the installation. water features, driveways, retaining walls, lighting, walkways, fences, • Provide a natural wildlife habitat through the use of irrigation, garden beds, boulders, barbecue, fire pits and the new 5 THE CLUB & RESIDENCES native plants.OF You can start designing your xeriscape synthetics grasses, we can help make your landscaping beautiful.

RIVER’S GATE DEVELOPER: Beaverbrook Communities yourself, but we suggest you draw out plans before Planning your landscaping is an exciting time and we are here to BUILDERS: Las Palmas Estate Homes, you begin, orAlquinn hire aHomes, professional Plan your help. Our team of friendly knowledgeable and hardworking staff can Hereditydesigner.

Homes, Open LOCATION: between the property from an aerialSturgeon view if Road possible. make your landscaping dream a reality. Call us now for a consultation.

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

187 Ave.

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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

4 M 3 CYccONAcHIE BECKER LANDING

DEVELOPER: Qualico MLC Group/Cameron Communities BUILDERS: CommunitiesPacesetter Homes, Daytona Homes Master BUILDERS: Builder, ReidBuilt Rohit Communities homes LOCATION: 167C Manning AveFwy and & 59-60 167 Street Avenue

5 CY 4 VILLAGE BECKER AT SCHONSEE

12

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7 COLLEGE 6 MccONAcHIE WOODS AT DEVELOPER: LAKEVIEWWalton Development and

8 7 9 8

DEVELOPER: Bedrock Qualico Communities Homes BUILDER: BUILDERS:Bedrock Pacesetter Homes Homes, Daytona Homes LOCATION: Master Builder, 5495 Rohit & 5497 Communities Schonsee Drive LOCATION: Manning Fwy & 167 Avenue

10

DEVELOPER: Managment L.PBedrock Homes BUILDER: BUILDERS:Bedrock Jayman Homes MasterBUILT, Innovations LOCATION:

by Jayman, Sabal 5495 Homes, & 5497Morrison SchonseeHomes, Drive Royal West Homes, Carlisle Group LOCATION: 167 Avenue and McConachie Way

11

6 MccONAcHIE 5 DEVELOPER: VILLAGE AT Walton SCHONSEE Development and

13

Tr. Victoria

66 St.

144 Av e.

Fo rt Rd .

97 St.

.

Ave 153

151 Ave.11 13

11 1 St.

5

12

To Fort Saskatchewan

20 St.

Bon Accord 1/9 Gibbons

9

Managment DEVELOPER:L.P College Woods Development Inc. BUILDERS: Jayman Entity Homes, MasterBUILT, Prominent Innovations Homes Ltd, by Sehra Jayman, Homes Sabal Homes, Morrison LOCATION: Homes, 89 Street Royaland West 181Homes, Avenue Carlisle Group LOCATION: THE TERRACE 167 Avenue ATandSCHONSEE McConachie Way DEVELOPER: Brookfield Residential BUILDERS: Jayman MasterBUILT, Coventry Homes, COLLEGE SterlingWOODS Homes, CityAT Homes LOCATION: North of 167 Avenue on 71st LAKEVIEW Street DEVELOPER: College Woods Development Inc. BUILDERS: Entity Homes, Prominent Homes Ltd, VITA CRYSTALLINA Sehra Homes NERA DEVELOPER:89Walton LOCATION: Street Developments and 181 Avenue BUILDERS: Morrison Homes, Sabal Homes, Homexx THE TERRACE Homes AT SCHONSEE LOCATION: north DEVELOPER: Brookfield on 82nd Residential street and 180th BUILDERS: Avenue Jayman MasterBUILT, Coventry Homes, Sterling Homes, City Homes LOCATION: MANNINGNorth VILLAGE of 167 Avenue on 71st Street DEVELOPER: Cameron Communities BUILDERS: Cameron Homes, Dolce Vita VITA Homes, CRYSTALLINA Lincolnberg Homes, Sterling NERA Homes DEVELOPER: LOCATION: Manning Walton Drive Developments and 153 Avenue BUILDERS: Morrison Homes, Sabal Homes, Homexx FRASER Homes RIVER PARK LOCATION: DEVELOPER:north Ranger on 82nd Realtystreet and 180th Avenue BUILDERS: Urbanity Custom Homes, Open

northeast

Avenue and LOCATION: 147VILLAGE 10 MANNING

14 street DEVELOPER: Cameron Communities CASSELMAN BUILDERS: Cameron Homes, LANDING Dolce Vita Homes, Lincolnberg DEVELOPER: Homes, SterlingRohit Homes CommunitiesManning Drive LOCATION: BUILDERS: Rohit Communities and 153 Avenue LOCATION: 5203 149 Avenue NW FRASER RIVER PARK DEVELOPER: Ranger Realty FRASER VISTACustom BUILDERS: Urbanity DEVELOPER: Homes, Open G3 Development Services Inc /147 Lamont Land LOCATION: Avenue andInc BUILDERS: 14 street Bedrock Homes, Prominent Homes LOCATION: Fraser Vista CASSELMAN is located in the Fraser LANDING Community, north on Victoria DEVELOPER: Rohit Trail and east on 153 approx.

Communities BUILDERS: Rohit Communities LOCATION: 5203 149 Avenue NW

13 FRASER VISTA

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.

29 39

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*Vita at Crystallina Nera – Single Family 7663 - 181 Ave (2 showhomes) Danny 780-733-7924 I cell: 780 951 4529 Model: Birch/Cedar JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 31

LOOKING FOR A NEW HOME? It’s only a tap away.

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WHY HIRE AN INTERIOR DESIGNER?…

BY C. MARIE HEBSON

HOW DO YOU KNOW FOR SURE WHEN IT MAKES SENSE TO HIRE A PROFESSIONAL INTERIOR DESIGNER OR DECORATOR? THE FOLLOWING QUESTIONS MAY HELP WITH YOUR DECISION: 1. Do you have good taste but lack the “know-how” to put it all together?

2. Have you ever purchased an expensive piece of furniture, only to find when its in your home that it is too big, small, doesn’t flow with the rest of the items in your home?

3. Are you moving or renovating your house – and want to make sure the architectural drawings lend themselves to a well-designed interior that maximizes the space for comfortable living?

4. Have you ever purchased (or inherited) some furniture that doesn’t seem to “fit” anywhere in your house?

5. Have you ever found the perfect item for your home only to find that it is available “To The Trade Only”?

34 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

6. Have you been in the process of decorating your house since you moved in – over five years ago?

7. Did you choose to paint your walls white or beige because those colors are “safe”? Or you change your paint every year because it just “isn’t right”?

8. Have you been inspired by a picture in a magazine, but you don’t know how to go about replicating that “look” in your home”?

9. Have you been disappointed with the results of doing it yourself?

10. Are you simply unable to find the time to investigate, evaluate, and coordinate all the available options to find the optimal choices for your home?

If you answered “yes” to even one of these questions, you should consider a consultation with a professional interior designer/decorator.

starter homes

IN CAVANAGH

showhomes

EDMONTON & AREA

your first home

IS WITHIN REACH!

1. Edmonton South Allard

SINGLE FAMILY HOMES FROM THE $340,000'S

Townhomes & Duplexes Single Family Homes

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Starting from the $340,000's Charming, stylish, and functional laned single family homes in Edmonton's newest southwest neighbourhood of Cavanagh.

No down payment? Ask us about options for zero down!

Call Blair at 780.909.9141 for more information

5. Edmonton North West Starling at Big Lake Townhome Condominiums Duplexes

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Sienna

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Duplexes

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single family homes IN TIMBERIDGE AT EDGEMONT

Starting from the $350,000's

Starting from the $370,000's

Starting from the $370,000's

All homes include laminate and tile flooring, granite countertops on the main floor, 6 appliances and many upgrade options available.

Get ready to move into one of the most sought after neighbourhoods in Edmonton! Featuring granite countertops on the main floor, laminate flooring, a front attached garage and many upgrade options available!

All homes include laminate and tile flooring, granite countertops on the main floor, 6 appliances and more!

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

Visit the showhome at 20204 43 Ave Call Kim at 780.809.4498 for more information

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 $335,000!

Visit the showhome at 1403 164 Street SW Call Sheri at 780.690.7825 for more information Prices as of July 20, 2015, subject to change.

WORKING WITH AN INTERIOR DESIGN PROFESSIONAL IS THE ONLY WAY TO DO THE JOB RIGHT THE FIRST TIME. Interview the designer/decorator for your project. Make sure he/she is listening to your needs for your home and lifestyle. They should come prepared to the initial consultation. A professional should have a portfolio, website, references, professional business card, and a business license. A reputable decorator/designer will supply you with a lot of information to think about at your first meeting, and more

importantly, you should feel comfortable with them. Interior design/decorating firms will work either per hour or will negotiate a flat fee per project. They will charge a consultation fee for time spent with you over 1 hour, rates vary depending upon education and experience.

The most important advice I have for you in your journey to hire a designer is hire them well before you start in on your new build or renovation. New builds hire before the hole is dug in the ground.

Renovations are before you demolish anything. Don’t get stuck having to compromise on your home by having to choose in stock items. The more time you have with your designer the better, we can bring you variable options to tantalize your imagination and truly create a beautiful space for you.

Shown here are floorplans and compilations of furniture for a new home build, utilizing the clients artwork, existing furniture and injecting new and exciting life with strategic new pieces of furniture and accessories.

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 35

// 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.

36 NEW HOME GUIDE | JUL 31 - AUG 28, 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

2.200

4.000

2.940

2.640

2.590

2.690

2.790

Bank of Montreal (BMO)

2.700

4.000

2.890

2.840

3.390

3.890

4.740

Bank of Nova Scotia

2.700

4.550

3.290

3.090

3.390

3.890

4.490

CIBC Mortgages

2.700

4.450

2.890

2.840

3.400

4.140

4.790

Canadian Western Bank

2.900

4.000

3.140

3.040

3.650

4.200

4.740

Canadian Western Trust

2.900

4.000

3.140

3.040

3.650

4.200

4.740

-

6.200

2.890

2.890

2.950

2.990

2.690

2.500

-

3.090

3.000

2.990

3.090

2.790

Effort Trust

-

4.450

3.350

3.500

3.700

4.300

4.350

Equitable Bank

-

-

3.140

3.040

3.650

4.390

4.640

First Calgary Financial

-

4.000

2.890

2.890

2.490

3.090

2.650

First National Financial

2.200

3.100

2.290

2.190

2.340

2.540

2.690

FirstOntario Credit Un.

2.700

4.240

2.890

2.590

2.690

2.840

2.690

HSBC Bank Canada

2.850

4.450

3.140

3.140

3.540

4.240

4.740

Home Trust Company

2.500

3.950

2.690

2.350

2.390

2.590

2.590

ICICI Bank Canada

3.050

-

3.150

3.650

3.640

3.690

3.690

Investors Group Trust

2.700

4.200

3.140

3.090

3.390

3.890

4.740

London Life

2.700

4.200

3.140

3.090

3.390

3.890

4.740

Manulife Bank

2.400

4.450

3.000

2.940

2.840

2.790

2.690

Manulife Trust

-

4.450

3.000

2.940

2.840

2.790

2.690

Meridian Credit Union

2.650

4.000

3.090

3.090

3.550

3.290

2.690

National Bank

2.700

4.400

2.890

2.840

3.390

3.890

4.740

-

4.500

3.150

3.500

3.750

3.850

3.950

President’s Choice Fin’l

2.700

6.190

3.190

2.840

3.340

4.040

4.440

Rapport Credit Union

2.850

6.000

3.090

3.040

3.500

3.040

2.990

Royal Bank of Canada

2.700

3.140

3.140

3.040

3.650

4.390

4.640

Servus Credit Union

-

4.000

2.890

2.840

3.390

3.890

4.640

Steinbach Credit Union

-

-

2.450

2.550

2.550

2.650

2.650

T-D Mortgage

2.700

3.140

2.890

2.840

3.390

3.890

4.640

Tangerine

2.700

-

3.190

3.240

3.490

3.690

3.790

Windsor Family C.U.

-

4.450

3.000

3.000

3.050

3.050

3.100

Your Neighbourhood C.U.

-

-

2.990

3.000

3.190

3.300

3.090

Comtech Credit Union DUCA Financial Services

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 JULY 22, 2015 AT 12:15:58 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

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 37

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

2 NORTH RIDGE

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

3 ERIN RIDGE

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

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

Alb

er t

6

127 St.

6

167 Ave.

• 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

Tr.

156 St.

Si

184 St.

1 LACOMBE PARK ESTATES

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AREA INFO B OU •U POPULATION: ILT R A60,994 LL GR H • LOCATED: Just minutes OM OF northwest of Edmonton E with great access to ENAnthony ES Henday St. Albert Trail, Drive and Hwy 2 CE AR RT E • SCHOOLS: 30 schools offering IF IE specialized programming through D! Catholic, Public and Francophone

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YOUR NEW HOME FOOTPRINT CAN TUSCANY HILLS & UPPER TUSCANY BE AS GREEN AS YOU WANT IT...

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

NEW SHOWHOME

• 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

NOW OPEN!

8 REGENCY HEIGHTS ESTATES IN KINGSWOOD

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

Come see us at

DEVELOPER: Canterra Developments Corp.

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

2249 Blue Jay Landing NW

STARLING AT BIG LAKE

3:30 pm to 8:00 pm Mon- Thursday, 12:00 pm to 5:00 pm Weekends & Holidays

IF YOU CAN DREAM IT

WE CAN BUILD IT Ph. (780) 497-1288 Fax (780) 985-2100

www.greenlivinghomes.ca 38

DEVELOPER: Cameron

144 Av e.

il

50 St.

12

137 Ave.

12

.

10 Ave 144

ve.

137 A

il Tra ert Alb St.

137 Ave. 5 1113

rT ra

7 MORNINGSIDE 11 FRASER RIVER PARK DEVELOPER: Reid WorldwideRanger Corporation DEVELOPER: Realty BUILDERS: Fekete Homes, Rococo Homes BUILDERS: Urbanity Custom LOCATION: backing onto Lois Hole Homes, Open Provincial Park atLOCATION: Big Lake 147 Avenue and 14 street

162 Ave 11 .

151 Ave. 153 Ave. 113A St.

sie

34 St.

es

167 Ave.

6

20 121 St. St.

M

4

127 St.

k

176 Ave. 1 10 2 171 Ave.

167 Ave. 139 St.

ar

3

13

8 TUSCANY HILLS & UPPER 12 TUSCANY CASSELMAN DEVELOPER: United Communities LANDING

4

132 Ave.

Tr. Victoria

3

Anthony 82 St.Henday Dr.

97 St.

.

Ave 153

167 Ave. 2 M

66 St.

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

Hwy 44

8

DEVELOPER: Qualico Communities BUILDERS: Cameron Homes, BUILDERS: Sterling Pacesetter DolceHomes, Vita Homes, Lincolnberg Homes, CoventryHomes, Homes, Reid Built Homes, Sterling Homes Landmark Homes, Tristate Signature LOCATION: ManningHomes Drive LOCATION: 167and Avenue & 127th Street 153 Avenue

ToAve. Fort 195 Saskatchewan

1 St.

6

5

An th on yH en da yD r.

7

8

135 St.

To St. Albert

Bon Accord 1/9 Gibbons

6 NEWCASTLE Communities

112 St.

187 Ave.

northwest northeast

10 MANNING VILLAGE

97 St.

109 St.

124 St.

127 Ave.

Groat Rd.

142 St.

149 St.

Fo rt Rd .

156 St.

170 St.

184 St.

BUILDERS: OPEN DEVELOPER: Rohit LOCATION: North corner of 127th Street & Communities 195 Avenue BUILDERS: Rohit Communities 129 Ave. 7 Hoo Trail LOCATION: 5203 149 Avenue Yellowhead ke Rd Yel Herm itag 10 PALISADES 9 LEGACY POINTE low NW e h e 118 Ave. ad DEVELOPER: MLC Concept Group Realty Tra Ki To Spruce Grove il ngs BUILDERS:13 Concept Bedrock Homes, Homes Master Landmark FRASER VISTABuilder w & Stony Plain ay 118 Ave. LOCATION: 18230 Communities, Landmark - 104A Homes, Ave.t Av DEVELOPER: G3Landmark Development e.

Legacy Services Inc / Lamont Land Inc 111 Ave. LOCATION: South 167th LAKE Avenue & 11 STARLING ATof BIG BUILDERS: Bedrock Homes, East of 139 Street DEVELOPER: Rohit Land Development Prominent Homes 6 MccONAcHIE 1 CRYSTALLINA NERA BUILDERS: Celebration Homes, LOCATION: Fraser Vista DEVELOPER: Walton Development DEVELOPER: Genstar Development Co. 10 and C2 Homes, Green LEGACY POINTE Living Homes, Rohit is located in the Fraser 1 CASTLEBROOK MEADOWS 4 VILLAGE AT GRIESBACH Managment L.P BUILDERS: Pacesetter Homes, Park Royal Communities, Cameron DEVELOPER: Concept Realty Homes, ArtonCustom Community, north Victoria DEVELOPER: Concept Realty DEVELOPER: Canada Lands BUILDERS: Jayman MasterBUILT, BUILDERS: Homes, Daytona Homes Master Builder, Homes, Gill Concept BuiltTrail Homes Homes and eastMaster on 153Builder approx.

BUILDERS: Concept Homes BUILDERS:Innovations Homes By by Avi, ImpactSabal Homes, Jayman, Ironstone Home Builders LOCATION: 18230 North -on104A Anthony Ave.tHenday LOCATION: 179 Ave. & 104 St. Homes, Coventry Homes, Dream Morrison Homes, RoyalHomes West Homes, Drive, take Ray Gibbons Drive, LOCATION: 82 Street & 180 Avenue

By Krisner,Carlisle Pacesetter Homes, Group 11 STARLING left on 137 Ave AT BIG LAKE 22 CASTLEBROOK Slokker-West, Carrington167 Communities LOCATION: Avenue and McConachie McCONACHIE STAGE 7 DEVELOPER: Rohit Land Development DEVELOPER: Canterra LOCATION: 137 Avenue North On Way DEVELOPER: Ranger Realty 12 BUILDERS: HUDSONCelebration PARK Homes, Developments Corp.

97 Street West on Griesbach Road BUILDERS: Bethpage Construction Corp, C2 DEVELOPER: Homes, Green Beaverbrook Living Homes, Communities Rohit BUILDERS: Open, 7 COLLEGE WOODS AT Sangam Homes Ltd, Sha-Ture Homes Inc., Communities, BUILDERS: Dolce Cameron Vita Homes, Homes, Cameron Art Custom LOCATION: 110 St. & 176 Ave. 5 TRUMPETER BY BIG LAKE LAKEVIEW White Eagle Homes Homes, Homes Gill Built Homes DEVELOPER: United Communities DEVELOPER: College Woods Development Inc. LOCATION: 167C Ave and 59-60 Street LOCATION: North Just offon 137 Anthony Ave & 141 Henday St. 3 HAWKS RIDGE AT BIG BUILDERS:BUILDERS: Entity Homes, Prominent Drive, take Ray Gibbons Drive, LAKE Estate HomesFekete Homes, Homes Ltd, Sehra Homes 3 MccONAcHIE LANDING 13 left STARLING on 137 Ave LANDING DEVELOPER: Walton Development Montorio Homes LOCATION: 89 Street and 181 AvenueDEVELOPER: Rohit Communities DEVELOPER: MLC Group/Cameron and Managment L.P Classic Homes- Homes by Avi, Communities 12 HUDSON BUILDERS: Rohit PARK Communities BUILDERS: Sabal Homes, Montorio Sabal 8 Homes, Montorio Homes, AT SCHONSEE THE TERRACE BUILDERS: ReidBuilt homes LOCATION: 2405 DEVELOPER: Beaverbrook Sparrow Communities Crescent Homes, Morrison Homes, Reid Built Sterling Homes DEVELOPER: Brookfield Residential BUILDERS: Dolce Vita Homes, Cameron LOCATION: 167C Ave and 59-60 Street Homes Duplex- Homes by Avi BUILDERS: Jayman MasterBUILT, Coventry Homes North of Yellowhead Trail LOCATION: NorthSterling on Anthony Henday Homes, Homes, City Homes LOCATION: Just off 137 Ave & 141 St. 4 LOCATION: CY BECKER on 215 Street Drive, WestLOCATION: at 137th Ave.North and 199 St. Avenue on 71st of 167 DEVELOPER: Qualico Communities Street BUILDERS: Pacesetter Homes, Daytona Homes 13 STARLING LANDING Master Builder, Rohit Communities DEVELOPER: Rohit Communities 9 VITA CRYSTALLINA NERABUILDERS: Rohit Communities LOCATION: Manning Fwy & 167 Avenue DEVELOPER: Walton Developments LOCATION: 2405 Sparrow Crescent BUILDERS: Morrison Homes, Sabal Homes, 5 VILLAGE AT SCHONSEE Homexx Homes DEVELOPER: Bedrock Homes LOCATION: north on 82nd street and 180th BUILDER: Bedrock Homes Avenue LOCATION: 5495 & 5497 Schonsee Drive 132 Ave.

1

39 27

NORTHWEST

Built Green (20/3)-/cb

40 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

Ant Hen hony day Dr

215 Street

NORTHWEST

ead owh Yell Trail

N

NORTHWEST

EDMONTON’S NEW RENTAL UNIT CONSTRUCTION SOARS IN 2015 (PART 2)

In our last article, we discussed a recent construction

quality finishes and features, which helps to explain why

surge that has taken place in Edmonton’s professionally

rent prices in this market have averaged 10% higher

managed apartment rental market and proposed that

than those in the primary rental market since 2010.**

the developers of these new projects had tuned into an

Currently, vacancy rates in Edmonton’s secondary

emerging trend. So, what trend were we referring to?

markets continue to remain at record lows.**

In short, a fair proportion of consumers in the apartment

Secondly, the high-end new rental construction

rental market have started to show a preference towards

projects currently pre-leasing in this market have

high-quality rentals, or those with “condo-quality”

found great success thus far in achieving full lease

finishes and features – a popular marketing term used

rates during their construction projects through the

when advertising these new rental properties.*

use of presentation centres that look similar to those of new homeownership condo developments. One local

Specifically, commonly marketed new condo finishes

developer of such projects recently told The Globe and

such as tile flooring and granite countertops, and living

Mail that he signs 1.5 leases/day for rental rates that

features such as in-suite laundry and heated parking

average roughly $200/month above the average rent

stalls now formulate a basis of comparison for what is

of the area.*

considered high quality in Edmonton’s current rental markets. In general, these qualities are lacking in the

Looking forward, it is expected that more of these

city’s standing primary apartment rental market, where

new high-end rental projects will begin pre-leasing

75% of all units were built prior to 1980 and just 7% of

in Edmonton’s market in the near future. Intelligence

units began construction after 2000.*

House will be closely monitoring the extent to which this trend may play out, and how it might affect the

The demand for these qualities has been evident in

demand for Edmonton’s standing rental properties in

recent years by two emerging trends.

its maturity.

Firstly,

from

the

demand-driven

expansion

in

Edmonton’s secondary rental market from 2012 to

More on this next time…

2014. During this time, Edmonton’s secondary rental universe grew by roughly 2,100 units, while the primary rental stocks remained stagnant.** Intelligence House has found that, in general, these secondary market apartment units are is much more likely to contain highIntelligence House 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 is estate industry.newest and most Intelligence House Edmonton’s 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.

44 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

*“In Edmonton, once a condo, now a rental,” The Globe and Mail, Published Friday, April 10, 2015 **Statistical figures & trends based on publications provided

by CMHC and/or the City of Edmonton

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield

NORTHWEST

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 45

WEST

TIMBERIDGE AT EDGEMONT

SHOWHOMES OPENING THIS AUGUST! and city convenience.

MEET OUR BUILDERS:

• Features a network of walking trails to open parks, green space and

• Pacesetter Homes

Located at 199 Street and Elston Gate, Timberidge is an exciting new west end community that boasts a variety of new homes, abundant amenities,

the Wedgewood Creek Ravine • Close to shopping, schools, recreation, and main arteries through and around the city • The Edgemont neighbourhood is quickly becoming an overwhelmingly sought after place to buy a new home in West Edmonton

TimberidgeAtEdgemont.com

• Dolce Vita Homes • Rohit Communities

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.

11 10

12

13

9

10 SECORD

8 6 355Ave.14 1

7

. on Dr er s m ht Ca eig H

west

9 GRANVILLE

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

11 HENLEY HEIGHTS

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: Habitat Studio, Vicky’s Homes, Heredity Homes, Areo Homes, Blackstone Homes, Homes by Managen, Open to the public.

LOCATION: Take Anthony Henday turn on Cameron Heights Dr.

5 EDGEMONT

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

6 EDGEMONT PLACE

DEVELOPER: Qualico Communities BUILDERS: Rohit Communities LOCATION: 20204 - 43 Ave.

7 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.

8 HAMPTON POINTE

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

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

12 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

13 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

14 TIMBERIDGE AT EDGEMONT

DEVELOPER: Rohit Land Deveopment BUILDERS: Pacesetter Homes, Dolce Vita Homes, Rohit Communities LOCATION: Located at 199 Street and Elston Gate

47

//IN THE NEWS

DEVELOPER TRIES TO GIVE AWAY A FREE HOUSE! A first-of-its-kind opportunity for Edmonton, a free lottery attempted to give away a new home at Stewart Greens, Edmonton’s newest West End community.

Stewart Greens, a new community from Troika Developments, had an offer meant to appeal to price-conscious homebuyers: how does “free” sound?

On Saturday, July 11 and Sunday, July 12, 2015, Stewart Greens hosted a lottery event where participants entered to win a free house in the new community by visiting the show homes.

The no cost two-day event was a fun-filled spectacle.

“This was an event for the whole family since families are central to the ethos here at Stewart Greens. There were food trucks, a children’s entertainer and activities for all ages,” says Troika Developments CEO, Renee Wasylyk. “We are committed to creating a happy community, and even if someone doesn’t win the house, we still want a smile on their face.”

Though the coveted house went unclaimed, there was still a winner: one lucky participant won a trip for four to Disneyland.

Located at 20623 97TH Avenue NW, in the popular Lewis Estates area of West Edmonton, Stewart Greens is surrounded by beautiful parkland, established neighbourhoods, and an extensive network of trails.

48 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

Dubbed West Edmonton’s Happiest Community, Stewart Green’s prides itself on its easy biking and walking options, with shopping, schools, and recreational facilities all nearby, in addition to all the services a growing family needs.

Stewart Greens’ free lottery is a first for Edmonton, but it’s not the first time Troika Developments has tried to give away a home. In 2013, they made the same offer at Green Square in Kelowna, BC. First phase single-family homes at Stewart Greens are now sold out, but new three and four-bedroom homes have been released starting at $430,000.

Stewart Greens, the newest community from Troika Developments, can be found in the popular Lewis Estates area of West Edmonton. With affordable prices in a desirable location, Stewart Greens features contemporary architecture, numerous amenities, and a true sense of community. Located at 20623 97TH Avenue NW, homes are connected to the best the city has to offer, including schools, shopping, and more. For more information on Stewart Greens contact, Rich Threlfall at 250-869-4945.

For more information on Troika Group contact, Renee Wasylyk at 250-469-4688

WEST

better neighbourhoods for happier families

Stewart Greens, the happiest community in West Edmonton, offers more than ample parks, ponds and trails for families to enjoy. Come see the showhomes today, and start planning for a happier life tomorrow.

Detached Homes Starting from the $430,000s

stewartgreens.com

This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.

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50 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

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SC

STAGE 11 LOTS NOW AVAILABLE! NEW SHOW HOMES OPEN! 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 $230’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

rdia

SINGLE FAMILY SHOWHOMES

n Rd .

ESTATE SHOWHOMES

STAFFORD GREENS

62

Av

e.

Nw

Anthony Henday Dr.

DUPLEX SHOWHOMES

199 St. Nw

Winterburn Rd. (215 St. Nw)

Edmonton Marriott At River Cree Resort

• Beautiful Estate, Single Family and Duplex Show Homes.

• Triple car garages available.

• Some homes available for immediate occupancy.

• 2C duplex lots, some with walkouts, available (no condo fees).

• Stafford Greens steel and concrete condos under construction, now selling off 62 Avenue.

2014 Awards of

EXCELLENCE in HOUSING WINNER

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

WWW.MYG R ANVI LLE.COM 52

PROUDLY PRESENTED BY ALLDRITT LAND CORPORATION LP

2015 Awards of

EXCELLENCE in HOUSING

H

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COMMUNITY PROFILE//

L

Granville Âť by SALINA YARA HALABI

W

elcome to the beautiful community of Granville. This Alldritt Group development is located on the southwest corner of the Whitemud Freeway and Guardian Road. Located adjacent to the undeveloped reserve land, Granville features a variety of natural amenities that enhance its serene setting. Granville also boasts the convenience of being near an array of city services including easy access to Whitemud Drive and Anthony Henday Drive. Offering captivating surroundings and exceptional home options, this sprawling west-end community has been a coveted new-home buyer destination for more than five years. With so much to offer and an extensive list of Awards of Excellence in Housing nominations, it is no surprise the Cash & Cars Lottery home has been chosen to be in Granville for two consecutive years – a true testament to the exceptional quality of homes and outstanding design of this community.

Granville has been expertly developed with first-rate amenities that allow residents to enjoy life within their neighbourhood. At more than 305 acres, this community offers inviting greenspaces and walking trails where residents can enjoy an environment that encourages an active lifestyle. Other Granville features include two picturesque water features and a charming bridge that adds plenty of character to the neighbourhood. Young families with children will benefit from having a new K-9 school opening in Granville in 2017, with three other K-9 schools located within minutes, offering residents a variety of educational options to choose from. Three commercial areas are found within walking distance of the community: the Shops of Granville, which features a Rexall pharmacy and Medi-Centre, West Granville Centre, conveniently located adjacent to Costco, and the soon to be constructed Granville Station. There is also a wide variety of existing retail services found nearby, including two grocery-anchored shopping centres.

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 53

//COMMUNITY PROFILE

Homes throughout Granville feature craftsman and neo-traditional building styles, creating an overall visually appealing look to the community.

Options include single-family homes by Alldritt Homes, Bedrock Homes, Crimson Cove Homes and Pacesetter Homes. These well-crafted homes are available in an extensive assortment of size, layout and price ranges. Lots for stage eight and stage eleven RSL homes have been released and four beautiful new showhomes have recently opened on Greenough Landing just off Granville Drive. Duplex options are available from Alldritt Homes, with stage 2C of the duplex project released this summer. These duplexes offer rear lane and walk-out options that back onto a beautiful, architecturally enhanced pond.

Estate homes are also available within Granville with triple car garages and walkout options. A large pond within the Estate area includes an impressive fountain, plus a large park and mature trees located nearby offer additional privacy. Estate builders include homes from Infiniti Master Builder, Kanvi

Granville features include two picturesque water features and a charming bridge that adds plenty of character to the neighbourhood

Homes, Kimberley CustomBuilt, Parkwood Master Builder and San Rufo Homes.

New to the area is the Stafford Greens condominium. Construction has begun on this Fire Safe four-storey building which is located on the south end of the community with folks moving in within six months.

Showcasing a modern craftsman design, this concrete and steel luxury condominium provides homebuyers with multiple home layout options to choose from, including walkout and penthouse suites. With such an exciting combination of builders and home options to choose from, Granville ensures all

new-home buyers will be able to find the perfect home that meets their personal tastes and lifestyle needs.

For more than 70 years, the Alldritt Group has been pursuing its vision to building communities that feature quality and ingenuity. The Alldritt Group has developed or built thousands of residential units in Edmonton and in surrounding areas. The company consists of industry leaders and professionals who share the organizations’ core values and ensures that all Alldritt projects are of an exceptional standard. The Alldritt Group is a family run business that is proudly rooted in Edmonton, which means that each Alldritt community is carefully planned and built through the understanding of the needs and

expectations of Edmontonians. Ultimately, this leads to successful communities which residents are proud to call home.

For more information or to learn more about Granville, visit www.mygranville.com.

Showhomes are located throughout the community and are open Monday to Thursday 3 to 8 p.m., Saturday, Sunday and holidays from noon to 5 p.m.

8

6 5

1 7 10 Genesis Drive

stony plain

AREA INFO

9

3

2

Genesis Lake Blvd.

1 THE BRICKYARD

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.

78 56

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.

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

4

Millgrove Dr.

5 Hawthorne Gate

Spruce Ridge Dr.

6

15

Woodhave D n r.

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.

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

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

Brookwood

11

2

12 Jubilee Park

Grove Dr.

Century Rd.

1

McLeod Ave.

5 HAWTHORNE AT HEATHERGLEN

10

Lon gview Dr.

King St.

Dr.

Calahoo Rd.

Grove

13

Calahoo Rd.

Spruce Ridge Road

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

• 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

spruce grove

AREA INFO

8

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

57 79

SOUTHWEST

MORE GREEN SPACE.

views.luxury.parkland

private - yet close to everything No other south Edmonton development has more green space.

Swaths of natural forest. Naturalized parks. Unmatched river and ravine views. Build your new home in a natural environment.

• Extra large lots • Space forOUR 3 /R 4 IVER car L garages COME EXPLORE OTS TODAY. For more information, please contact the following Custom Builders

Augusta Fine Homes

Celebration Homes

587-520-7578

780-937-5411

Hoxton Homes Inc.

Infiniti Master Builder

780-800-6901

587-986-8881

White Eagle Homes Ltd.

BEAUTIFUL by Nature 780-456-5393

Windermere Rd. (170 ST)

NEW PHASE NOW SELLING!

Woolsey Link

r ga

www.keswick-edmonton.com westpointeofwindermere.com

ille

w

Wind

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ere B

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ive

Dr

10 11

11 12

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, 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, Duplex Homes (front attached Garages) - Parkwood Homes, Landmark Legacy. Duplex Homes (rear attached garages) - Homes by Avi 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.

DEVELOPER: Beaverbrook Communities.

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

14

14 15

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: Artisan Homes, Bedrock Homes, Homes by Avi, Kimberley Homes, ReidBuilt Homes, Connect Homes, Thomsen Built, Alquinn Homes, Averton Homes, Klair Custom Homes, Prominent Homes T:6.75” LOCATION: South of Ellerslie Road & West of 141 Street

DEVELOPER: Windermere Brookfield Residential Lands Ltd. BUILDERS: Lincolnberg Bedrock Homes Master Builder, Daytona Homes LOCATION: 170th Master StreetBuilder, & Ellerslie LookRoad Master Builder, Homes By Avi, Brookfield Homes LOCATION: SouthGARDENS of Ellerslie Road & West CHAPPELLE of 141 Street. Brookfield Residential DEVELOPER: BUILDERS: Lincolnberg Master Builder, DaytonaAT ONE Homes WINDERMERE Master Builder, Look Master DEVELOPER: Builder, HomesBeaverbrook

By Avi, Brookfield Communities Homes BUILDERS: Bedrock LOCATION: South ofHomes, EllerslieDolce RoadVita & West Homes, of 141 Street.

Western Living Homes, Sunny Valley Homes, Ace Lange Homes, Kanvi Homes, open LOCATION: Winderemere Blvd. West of ONE AT WINDERMERE 170 Street DEVELOPER: Beaverbrook Communities BUILDERS: Bedrock Homes, Dolce Vita Homes, Western Living AMBELSIDE SOUTH Homes, Sunny Valley DEVELOPER: Homes, Ace Lange Qualico Homes, Communities Kanvi Homes, open BUILDERS: Sterling LOCATION: Winderemere Homes,Blvd.

Coventry WestHomes, of Connect 170 Street Homes, LOCATION: Ellerslie Road & 170th Street

12 AMBELSIDE SOUTH 13 DEVELOPER: GRAYDONQualico HILLCommunities

13

15 16

southwest

10 WINDERMERE 9 CHAPPELLE GARDENS SOUTH

BUILDERS: Sterling DEVELOPER: MLC Homes, Group Coventry Homes, BUILDERS: Connect Homes, Averton Homes, Marcson Homes, Parkwood LOCATION: Ellerslie Master RoadBuilder, & 170thLandmark Street Communities, Lincolnberg Master Builder, Pacesetter HomesHILL GRAYDON LOCATION: Rd, west of 127th St SW DEVELOPER:Ellerslie MLC Group BUILDERS: Averton Homes, Marcson Homes, Parkwood Master GLENRIDDING HEIGHTS Builder, Landmark DEVELOPER: Lincolnberg Communities, Rohit Land Development Master Builder, BUILDERS:Homes Pacesetter Crimson Cove Homes, d’Cor Homes, Lincolnberg LOCATION: EllerslieMaster Rd, west Builder, of 127th Pacesetter St SW Homes, Rohit Communities LOCATION: South of Ellerslie Road, East of GLENRIDDING HEIGHTS 170 Street DEVELOPER: Rohit Land Development BUILDERS: Crimson Cove Homes, d’Cor Homes, Lincolnberg PAISLEY AT HERITAGE Master Builder, Pacesetter Homes, Rohit Communities VALLEY LOCATION: of Ellerslie Road, East of DEVELOPER:South Brookfield Residential 170 Street Innovations by Jayman, Brookfield BUILDERS: Residential, Daytona Homes Master Builder, Coventry Homes, PAISLEY ATHomes HERITAGE

by Avi LOCATION: South of Ellerslie Road & East of VALLEY 141 Street DEVELOPER: Brookfield Residential BUILDERS: Innovations by Jayman, Brookfield Residential, ONE AT Daytona KESWICK Homes Master Builder, DEVELOPER: Coventry Homes, Beaverbrook Homes byCommunities Avi BUILDERS: Bedrock LOCATION: South ofHomes, EllerslieDolce RoadVita & East of Homes, 141 Street Kimberley Homes LOCATION: Hiller Road, West of 170 Street

16 ONE AT KESWICK

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

T:1.5”

THE PERFECT BLEND PaisleyCommunity.com 59 69

//HOME SWEET HOME

Low lending rates changing Canadians’ mortgage habits » by LYDIA MCNUTT

LYDIA MCNUTT

is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Yellow Pages NextHome, where real estate rules. Email Lydia.McNutt@ ypnexthome.ca, and follow her on Twitter @LydiasTweets

Canadians have been sitting, very comfortably, in an ultra-low mortgage interest rate environment for years now. Just when we thought rates couldn’t go any lower, they did, as the Bank of Canada dropped its key lending rate to 0.75 per cent in January, and the big banks followed suit. At the BoC’s latest rate announcement on May 27, that rate stayed put.

Twenty years ago, the lending rate for a five-year, fixed-rate mortgage was 10.75 per cent. Back in 1981, it was 20.25 per cent, according to ratehub.ca. Today’s numbers in the two-per-cent range are hard to believe, and they’re changing how Canadians handle their debt load.

Canadians are doing everything they can to make the most of these low lending rates, according to the 2015 Mortgage Consumer Survey by conducted Canada Mortgage and Housing Corp. (CMHC).

SURVEY SAYS…

According to CMHC, 60 per cent of mortgage renewers did so before their mortgage term expired, and 55 per cent of them did it to avoid a rise in rates in the future.

Furthermore, mortgage renewers reported taking action to pay off their mortgage sooner. Forty-nine per cent set their mortgage payment higher than the minimum required, while 32 per cent made either lump-sum payments, increased their regular payment, or both.

GOING BROKER:

CMHC also investigated the share of mortgage consumers who used the services of a mortgage broker. The survey found that broker market share is on the rise, having increased from 32 per cent in 2012 to 42 per cent in 2015.

Almost twice as many homebuyers (both first-time and repeat) used a broker (49 per cent), versus existing homeowners who were refinancing their mortgage (24 per cent).

LENDER LOYALTY:

When it comes to loyalty, first-time homebuyers were flightier than their repeat-buyer counterparts. Renewers were more likely to stay with their current lender (86 per cent) whereas only 47 per cent of first-timers 60 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

stuck with the financial institution they deal with regularly.

Interest rates were the main reason for consumers to jump ship to another lender, at 63 per cent.

Canadians are doing everything they can to make the most of these low lending rates, according to the 2015 Mortgage Consumer Survey by conducted Canada Mortgage and Housing Corp.

SOUTHWEST

A quiet calm.

An urban escape.

A convenient choice.

A variety of builders and home styles.

Check our website or Facebook page for our latest promotions and contests.

A new K-9 school in Creekwood will open fall 2017!

Alquinn Homes | Averton | Connect Homes | First Avenue Homes | Homes by Avi Klair Custom Homes | Prominent Homes | ReidBuilt Homes | Thomsen Built

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SHOWHOME REVIEW//

WIDE OPEN SPACES THE CARLETON SHOWHOME

BY MORRISON HOMES

M

orrison Homes is excited to introduce their gorgeous frontattached garage “Carleton” showhome in southwest Edmonton’s community of Chappelle Gardens.

The 2,124-sq.-ft. home (with three bedrooms and two-and-a-half bathrooms) is a perfect blend of modern elegance and practical functionality. When you walk through the front door, you immediately feel calm and at ease, thanks to the soothing and muted, natural grey-toned walls and tile flooring. The carpeted stairs heading to the second storey also greet you in the entrance, JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 63

//SHOWHOME REVIEW

and invite (and tempt) you to skip the main floor and check out what’s happening upstairs. (But let’s forego temptation for now.)

To the right of the front door is the home’s half bathroom, and right outside the bathroom is the door to the garage, a storage/shelving unit, a mud room and the walkthrough pantry. The mud room and pantry space feel grand and open, a rarity for such spaces.

The Carleton feels like a home any family can make its own... it’s easy to see any personal style or specific family needs come to life When you walk from the front door to the main living space, you’re struck by the size, openness and airiness of the home. The open and modern kitchen is on your right, and its centrepiece is a large and gorgeous granite-topped island, large enough for two sinks and three substantial white barstools. The kitchen comes with a stainless steel stove with chimney-style hood fan, a built-in microwave, French door 64 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

refrigerator and under counter dishwasher. There’s a lovely tile backsplash behind the stove, and there’s shaker style beech cabinets and upgraded hardware throughout.

The dining room is next to the kitchen and against the far wall of the home, and it’s bathed in light because of the glass patio doors that serve as the dining room’s back wall. The interior designers have chosen a lovely reclaimed wood dining room table for this space that enhances the hardwood floors while acting as a delightful contrast to the modern/chic coffee table in the adjoining living room.

The living room’s focus is on the fireplace. White couches, a white fireplace mantle and white shag rug soften the edges (and edginess) of the metal side table, metal slatted coffee table and mounted mirror above the fireplace, giving the living room a cosy yet modern feel. Next to the living room is another sitting/work area with desk, reading chair and ottoman and wood-meets-metal shelves. For a home of this size, it’s amazing to have so much space on the main floor!

Upstairs, there’s a great, long bonus room, with large sectional and ottoman. It definitely has the vibe of a comfortable family chill out space. To the right of the stairs (and above the garage) are two large bedrooms, one with a gorgeous wooden, soft-edged platform bed, and both with large closets and lots of windows for natural light. A full bathroom with granite countertops and tile flooring, and the

spacious laundry room are next door.

The master bedroom is at the back of the house, and on the other side of the bonus room for some added privacy. A walk-in closet and an ensuite with granite countertops and tile floors, double sinks, a deep tub and separate glass stand-up shower give the room a grown-up yet calm and down-to-earth feel.

The Carleton feels like a home any family can make its own. In terms of layout alone, it’s easy to see any personal style or specific family needs come to life, thanks to the open space and spacious rooms.

Come and see the home for yourself at 3304 Cutler Cres. S.W. on Monday to Thursday, 2 to 8 p.m., and Saturday, Sunday and holidays noon to 5 p.m. Closed Fridays. For more information about the Carlton, Morrison Homes and Chappelle Gardens, visit morrisonhomes.ca or contact Rick Friesen at 587.520.7929 or chappelle@morrisonhomes.ca JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 65

SOUTH

Discover Our Shining New Showhomes South of Ellerslie Road on 66 Street

PROMO ON NOW!

66 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

127 St.

23 Ave.

James Mowatt Tr.

Anthony Henday

e.

30 Av

1

11 THE ORCHARDS AT 11 ELLERSLIE THE ORCHARDS AT ELLERSLIE DEVELOPER: Brookfield Residential

12

BUILDERS:Front attachedResidential Homes: DEVELOPER: Brookfield Homes by Avi, Sterling Homes, Jayman BUILDERS:Front attached Homes: MasterBUILT Homes

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

101 Street

QE II

50th St.

6 14

11

7

814

10

Township Road 510

Township Road 510

13

1 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.

6 7

DEVELOPER: Rohit UnitedLand Communities Development BUILDERS: Celebration Caliber Master Homes, Builder, OPEN LOCATION: Kimberley Homes, Ellerslie White Road Eagle & Blackmud Homes, Creek Parkwood Ravine Master Builder LOCATION: 111th Street & 30th Ave

9 CALLAGHAN IN HERITAGE 8 RAVINES VALLEY OF RICHFORD

5 WALKER 4 WILLOW HAVEN LAKES NORTH

DEVELOPER: GroupLand / Cameron DEVELOPER: MLC Carrington Communities BUILDERS : Bedrock Homes BUILDERS: Homes LOCATIONCameron : 5624 - 7th ave LOCATION: South of Ellerslie Rd. on 66 Street

DEVELOPER: DEVELOPER: MLC Carrington GroupLand / Allard Developments BUILDERS : Bedrock Homes BUILDERS: LOCATIONActive : 5624Homes, - 7th aveBoss Homes, Pacesetter Homes, Sterling Homes WALKER STATION LOCATION: LAKES South of Ellerslie Rd. DEVELOPER: MLC Group / Allard on 66 St. Developments BUILDERS: Active Homes, Boss Homes, ALLARD Landmark Legacy Homes, Lincolnberg DEVELOPER: United Communities Master Builder, Pacesetter Homes, BUILDERS: Caliber Master Builder, Sterling Homes Kimberley Homes, White Eagle Homes, LOCATION: South of Ellerslie Rd. Parkwood Master Builder on 66 St. LOCATION: 111th Street & 30th Ave

8 RAVINES 7 ALLARD OF RICHFORD

3 RUTHERFORD HEIGHTS

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

Beaumont

6 WALKER 5 WILLOW HAVEN LAKES STATION

2 CALLAGHAN

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

12 WALKER SUMMIT 12 WALKER DEVELOPER:United SUMMIT Communities

RR243

41st Ave. SW

RR244

9

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

5

2

15

66 St.

8

Ellerslie Rd. (9th Ave.)

3

Millwoods Rd.

91 St. Parsons Rd.

Calgary Trail South

Gateway Blvd.

111 St.

119 St.

30 Ave.

10 ALLARD IN HERITAGE VALLEY

34 Ave.

9

south

34 Ave.

38 Ave.

39 Ave.

DEVELOPER: DEVELOPER: Rohit MLCLand Group Development / JCA BUILDERS: Financial Celebration Homes, OPEN LOCATION: BUILDERS:Ellerslie Landmark Road Communities, & Blackmud Creek Sterling Ravine Homes, Innovations by Jayman LOCATION: South on James Mowatt CALLAGHAN INAvenue HERITAGE Trail and North of 30 SW

VALLEY

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

13 ROYAL OAKS 13 ROYAL DEVELOPER: OAKS Cancom Development

BUILDER: Konark Homes, Cancom DEVELOPER: Cancom Development Homes, Infiniti Homes, OpenCancom BUILDER: Konark Homes, LOCATION: onOpen 101 Street to Homes, InfinitiSouth Homes, Towship Road 510. eastStreet to EastVistas LOCATION: SouthTurn on 101 to Blvd. (follow signs) Towship Road 510. Turn east to EastVistas Blvd. (follow signs)

14 AURORA 14 AURORA DEVELOPER: Melcor Developments Ltd

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

15 DESROCHERS VILLAGES 15 DESROCHERS DEVELOPER: MLCVILLAGES Group

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

BUILDERS: Pacesetter Homes, Landmark LOCATION: FromExclusive.

Ellerslie Road and 11th Homes and Jayman Street, drive South onEllerslie James Mowatt Trail LOCATION: From Road and 11th for approximately minutes.

The entrance Street, drive South5on James Mowatt Trail to Desrochers Villages is on the The right,entrance just south for approximately 5 minutes. to of 30th Avenue (across thethe street from Desrochers Villages is on right, justthe south Allard of 30thneighbourhood).

Avenue (across the street from the Allard neighbourhood).

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

T:6.75”

LakeSummerside.com

T:1.5”

Community HANDCRAFTED DESIGN of the year! YOUR LIFE TO INSPIRE TheOrchards.ca 67 63

//IN THE NEWS

Canadians choose the cottage over city getaway Âť by OLIVIA BOWDEN

Canadians may be looking to trade in those plane tickets for a long weekend up north, according to a new survey from ReMax. When given the option, Canadians choose the cottage.

The 2015 ReMax Recreational Property Report showed almost 68 per cent of Canadians were in favour of spending their weekend at the cottage or cabin, as opposed to a big-city getaway. Canadians were also willing to make sacrifices to afford their dream recreational property, with 21 per cent responding they would downsize their current home to afford a second one.

Recreational property markets across Canada are seeing the benefit of the low Canadian dollar, which is motivating Canadians to keep their spending within the country.

Some Canadians are also following a trend of selling their U.S. recreational properties, which may have increased in value since the 2008 recession.

The report highlighted price appreciation in some 68 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

recreational property markets year-over-year including an increase in sales. Markets such as Muskoka, Whistler, Peterborough and The Kawarthas, Haliburton and Wasaga all saw a rise in median market prices, with Peterborough and The Kawarthas experiencing a 27.9-per-cent increase.

The explanation for these increases is a hike in sales in the upper-end of the market, with GTA buyers looking to less developed areas such as Stony Lake and Clear Lake instead of Muskoka.

Looking to the east and west coasts of the country, the low price of oil has had some effect on markets where many purchasers are oil industry employees. However, some Newfoundland waterfront properties outside of St. John’s are seeing steady sales giving the market a fair start.

According to ReMax, the buying market for recreational properties this season has begun strong and is expected to continue into the summer due to low interest rates and high demand.

SOUTH

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 69

//IN THE NEWS //MONEY MATTERS

MANY CANADIANS LOOKING TO LOCK IN

a long-term mortgage

Owning versus renting

Canada’s continuing low interest rate environment has BENEFITS OF A LONG-TERM MORTGAGE Canadians thinking now is the time to lock in a longLocking in to a fixed rate, medium or long-term mortgage can term mortgage. reduce the stress that can come with following interest rates.

A new poll from CIBC reveals the majority of Canadians, “If interest rates rise in the next year or two, homeowners 74 per cent, would opt for a medium or long-term mortgage if with shorter term mortgages or variable rate mortgages could they were to acquire, refinance or renew a mortgage today. see their payments move higher,” Gollom says. “Having a » by GAIL VAZ-OXLADE Twenty-seven per cent think now is the time to look beyond the medium or longer term fixed rate can act as a measure of traditional five-year fixed mortgage for a term of up to 10 years. stability and protection – especially for those who have recently “Canadians are recognizing thatmarket today’s historically lowin much bought their first home.”

The housing has gone wild of the country virtually a worry-free existence. (All this rates won’t last forever and looking for ways to bring The prospect rates mayyou nothave be something and some it hasare people panting to make a good investment, and of rising is assuming a decent landlord). predictability to their finances over the from long term,” says Canadians have to worry too much aboutisinathe near term. that make the jump renting toBarry owning. Slow down and Home ownership responsibility Gollom, vice-president,consider mortgages andangles lendingbefore at CIBC. “Most announcement 27,fuzzy the Bank of all the you dive in. During its interest ratealso brings a tononofMay warm, feelings.

Canadians tend to opt for a fixed rate over five years when Canada announced it was going you to hold lending It means can its putovernight down roots.

You choosing a mortgage today.

With more than one in four rate at 0.75 per cent. have complete control of your THERE’S SOMETHING ABOUT MONEY Canadians now saying theyDid would a longer termThe of seven “Thefrom overnight rateenvironment has only been at can 0.75paint per cent so,sitting yes, you your youchoose see that?

Did you? issue has shifted or 10 years, we may be“shelter” seeing the of aThat’s shift tobecause longer people terms.”believe for athat littlea less than months living roomnow, red. after Governor Stephen to start “profit.” home is three Poloz finally decided to cut it down from the one per cent it a good investment.

GAIL VAZ-OXLADE 4.5 years,”LOCATION says Alyssa Richard, LOCATION, While the money is a key consideration –had andheld it’s asteady prettyat for nearly is the host of founder and CEO of RateHub.ca.

“That was madeyou in Buying a home in adecision neighbourhood complex one – it shouldn’t be the only consideration.

That Til Debt Do Us Part, author of Debt Free January, in an attempt don’t to shield highly indebted Canadians being said, if you’re going to make the decision to move from know well is one of the top Forever and blogs daily at fromand the cents. negative impacts of thehomebuyers significant drop prices renting to buying, you have to look at the dollars mistakes make.inIfoil you’re gailvazoxlade.com.

Follow Gail on job losses that have occurred a result).” new in town,asyou may be better off First there’s the straight calculation that (and compares the cost Twitter at twitter.com/ CIBC says the shift to longer term, fixed or rate mortgages of carrying your own home (your principal and interest renting for six months a year to get a GailVazOxlade growing byfor Canadians greater control feel the area. to If gain you like living there, payments and property taxes) with the cost ofsignals renting one. interest and certainty over theiryou’ll largest obligation.

With a feelfinancial much more comfortable Sometimes that comes out a wash, which immediately brings mortgage at today’s low signing on thepayment dotted line later on. people to the conclusion that renting sucks. consistent and predictable rates guaranteed for many years, Canadians may have the Renters aren’t responsible for maintenance.

Homebuyers opportunity to pay down their mortgage faster and minimize also need to consider closing costs which include legal fees, STEADY AS SHE GOES interest that costs, which will help to keep them on track for their land transfer tax, and other miscellaneous expenses you Your employment prospects should be broader financial don’t pay if you are renting. First and last months’ rent is also agoals.pretty stable before you consider buying who can numbers on a variety ways smaller than the typical down payment on “Finding a home. an expert your owncrunch home.the Home ownership mortgage while factoring in yourofother debts, your Of course, all that has to be balanced offofagainst the options fact requires a number regular payments savings goals and your personal risk tolerance is an taxes, extremely that no matter how small the principal portion of your – the mortgage, property utilities, important partasof the evaluation process,” says Gollom. mortgage is (and it’s miniscule in the early years), as long maintenance and insurance.

Missing the market is stable, and you’re not looking to make a quick any of these payments can trigger sale with the hopes of turning a profit, homeowners are dire consequences.

CANADIANS’ MORTGAGE MOOD building equity and increasing their net worth with » 47 perevery cent would choose a medium term mortgage (three or mortgage payment. And when you sell your principal residence There are a number of financial five years) if they were to acquire, refinance or renewfactors a one day, the money you earn is tax-free. that will weigh in when it comes to the mortgage today question.

But » 7 per cent would optbuy for aversus longerrent term (seven or 10the years) IT’S A WONDERFUL LIFE involvesterm much more thanyears) just » 19 per cent would godecision with a shorter (one or two When I was in my 20s, I lived in a neighbourhood that was running numbers. believe You’ve also gotbetoat » 62 per cent of Canadians withthe a mortgage it will suited to a single girl hell bent on a good time.least Back10then, look are at the emotional rewards and years before they mortgage-free, making it renting was the perfect solution: one of limitedpossible responsibilities challenges eachasalternative.

I’ve been to choose a longer termofsuch a 10-year fixed rate and commitment. If a window broke, I called the landlord. If a renter and I’ve been an home owner, the fridge stopped working, I called the landlord. is and Source:Renting CIBC Mortgage Polloverall I like ownership more.

Canadians are recognizing that today’s historically low rates won’t last forever and some are looking for ways to bring predictability to their finances over the long term

70 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

45 St.

Calmar

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

44 St.

50 St.

7

AREA INFO • 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

St. 50

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

6

To Wetaskiwin

1 MEADOWVIEW

DEVELOPER: Qualico Communities BUILDERS: Tristate Signature Homes, Homes by Santos, Connect Homes and Victory 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: Bengel Custom Homes, Corona Custom Projects, Cornerbrook Custom Homes, Jacob’s Construction, McLean and 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: Cranston Homes, Areo Homes, Cobblestone Master Builder, Caliber Master Builder, Trend Homes, Triumph Homes LOCATION: Grant MacEwan Boulevard & Suntree Promenade

5 SOUTHFORK

DEVELOPER: Tamani Communities BUILDERS: Dolce Vita Homes, Homes

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

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

leduc

Highway 39 To Calmar

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

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

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

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

THE CITY OF LEDUC,

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

“A great place to call home!”

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

The grass will be greener, just like your wallet.

71 61

BEAUMONT

Colonial Distinctiv

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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 Master Builder Mill Street West Homes Homes Connect Homes such as front and porches also elevate the sense Homes, Jaya Homes, Golden 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 59

2014-11-13 1:12 PM

//DESIGN SECRETS

Making your master bedroom your own » 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

Moving into a new space can be a fantastic experience, as you can start your design dream from scratch! That being said, it is sometimes difficult not to have a space that truly reflects who you are and your personality. Additionally, with the cost of moving into and purchasing a new home or condo, it may be difficult to completely outfit your entire home.

Since the average person spends 25 years sleeping throughout their life, the master bedroom is where you will spend the most time in your new home. When you love your bedroom, you will sleep more peacefully, and generally be happier. Therefore, the master bedroom should be where you invest your first dollars in your new home.

When decorating your new digs, start with the colour. All builders have different rules pertaining to the paint they use in the house before handing it over. If given the opportunity, have the painters paint with the colour and paint you would like to keep. If you are forced to choose between several shades of “builder beige” prior to moving in, make sure painting the bedroom takes priority. To choose a colour, first decide what type of feeling you want the room to have. If you want to be dramatic, pick a bold, deep colour. If you are looking for a “peaceful getaway,” pick a

calming blue or green.

Next is the bed. It is so very important to invest in a good mattress.

A continuously restless sleep can lead to so many negative detrimental side effects. Once this has been taken care of, is it time to tend to the bedding.

Everyone has different needs when they are sleeping, some people like to be cool and others are always cold. Make sure you purchase sheets, duvets and comforters that will keep you comfortable while you sleep.

Now it is time for style. Depending on the budget, the bedding can be purchased or custom made from materials specifically picked to complement the paint and feeling of the room. This also gives a new homeowner a chance to purchase fabric for the window treatments.

photo by Wayne Karl

photo by Wayne Karl

Window treatments are another place that needs special treatment, especially in a new space. A good deep sleep often depends a dark room. Lack of light will send a signal to the brain to shut off and go to sleep. You can achieve this by using blackout blinds or shutters and then layering these with coordinating fabric that complements both the bedding and the wall colour in a style that suits the feel of the room.

To finish off the new space, add artwork and accessories. This is where you will have an opportunity to inject personality into your new space.

Look at accessories as the vehicle to really convey the feeling of the space. No matter what theme you are going for, accessories will carrying this feeling and create continuity throughout the space.

Once your new space is finished, take the time to soak it all in and enjoy every minute of it.

photo by Angela Jennings

JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 75

Home Builders Aacropolis Homes Alldritt Homes Artisan Homes Inc.

www.artisancommunities.ca www.averton.ca

Bedrock Homes

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 Cobblestone Master Builder Compass Rose Homes Inc. Coventry Homes Daytona Homes Master Builder Design Innovations Dolce Vita Homes LP Encore Master Builder

www.canyonspringhomes.com www.celebrationhomes.ca www.mycobblestone.ca www.compassrose.ca www.coventry-homes.com www.daytonahomes.ca www.designinnovationsinc.com www.dolcevitahomes.ca www.encorehomes.ca

Enitity Homes

www.entityhomes.ca

Fekete Homes

www.feketehomes.ca

Green Living Homes Gannet Homes Master Builder Homes by Avi

76 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

www.alldritthomes.com

Averton Homes

Boss Homes

web directory

www.aacropolishomes.com

www.greenlivinghomes.ca www.gannethomes.com www.homesbyavi.com

Homes by Santos Construction Homexx Corporation Iconic Estate Homes

www.santoshomes.ca www.homexx.ca www.iconichomes.ca

Infiniti Master Builders

www.infinitimasterbuilder.com

Innovations by Jayman

www.jayman.com

Jayman MasterBUILT

www.jayman.com

Kimberley Homes Landmark Group of Builders MacLachlan & Mitchell Homes Marco Antonio Homes

www.buildwithkimberley.ca www.landmarkgroup.ca www.macmitch-homes.com www.marcoantoniohomes.com

Mattamy Homes

www.mattamyhomes.com

Montorio Homes

www.montorio.ca

Pacesetter Homes Perry Signature Homes Inc. Pompei Homes ReidBuilt Homes Rococo Homes Rohit Communities Sabal Homes Sterling Homes Edmonton Ltd. Urban Living by Landmark Urbanity Custom Homes Ltd. Vicky’s Homes White Eagle Homes Ltd

web directory

www.yourpacesetter.com www.perryhomes.ca www.pompeihomes.com www.reidbuilthomes.com www.rococohomesinc.ca www.rohitcommunities.com www.sabalhomes.com www.sterlingedmonton.com

OUR HOMES COME IN A WIDE VARIETY

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

LandmarkHomes.ca JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 77

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

web directory

Cameron Communities Canada Lands Company Canterra Developments Corp.

Chappelle Gardens by Brookfield Residential Creekwood Chappelle

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

Desrochers Villages by MLC Group

www.desrochers-villages.com

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

78 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

www.amblesidesouth.com

Cy Becker by Qualico Communities

Dream Development

ChappelleGardens.com

www.alpine-ridge.ca

Granville by Alldritt Land Corporation

www.dream.ca www.eaglemont-beaumont.com www.myedgemont.ca www.edgemontplace.com 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 Terrace by Qualico Communities

www.hamptonterraceedmonton.com

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 by Cameron Communities

www.manningvillage.com

Maple Crest by Dream Development

www.livemaplecrest.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.livemlc.com www.mlcland.com www.montalet.ca www.mymorningside.com www.newcastle-edmonton.com www.oneatwindermere.com

JULJUN 31 -5 AUG - JUL28, 3, 2015 2015 || NEW NEW HOME HOME GUIDE GUIDE 79 87

Developers/Communities Paisley at Heritage Valley by Brookfield Residential

www.paisleycommunity.com

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

Solstice at McConachie by Brookfield Residential

www.solsticeliving.ca

Southcreek by Qualico Communities

www.southcreek.ca

South Pointe by MLC Group

www.south-pointe.ca

Springate at Spruce Ridge by Qualico Communities

www.springatesprucegrove.com

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

www.stratadevelopments.ca www.summerwoodsherwoodpark.com

Suntree by Maclab Enterprises Tamarack by Dream Development Tamarack Common by Qualico Communities The Club & Residences of River’s Gate by Beaverbrook.

80 NEW HOME GUIDE | JUL 31 - AUG 28, 2015

www.StarlingAtBigLake.com

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

The Estates at Waters Edge

www.WatersEdgeEstates.ca

The Orchards at Ellerslie by Brookfield Residential

www.theorchards.ca

The Terrace at Schonsee by Brookfield Residential

www.discovertheterrace.ca

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 Station by MLC Group / JCA Financial

www.walkerlakes-station.ca

Walker Summit by United Communities

web directory

www.walkersummit.com

Walton Development and Management L.P.

www.waltondm.com

Westerra by Qualico Communities

www.westerrastonyplain.com

Windermere Ridge by Beaverbrook

www.windermereridge.ca

Windrose by Maclab Enterprises

www.liveinwindrose.ca

Woodhaven - Edgemont

www.woodhavenedgemont.com

The Woods at Kenton by Beaverbrook

www.woodsatkenton.ca

Related Business Canadian Home Builders’ Association - Alberta Edmonton Custom Decks Edmonton New Home Information Edmonton New Home Guide SLC Ltd.

www.chbaalberta.ca www.edmontoncustomdecks.com www.new-home.com www.NewHomeGuide.ca www.shaneslandscaping.com JUL 31 - AUG 28, 2015 | NEW HOME GUIDE 81

PANTRY TOO SMALL? You wouldn’t buy a car without test driving it, would you?

So why buy a home without test living it?

28 Showhomes to Test Live Today! bedrockhomes.ca