January 11 - 25, 2014 Volume 14 Issue 1
Eastern Ontario Edition
Your Best Source for New Homes and Condos
inside this issue
CHOOSING BETWEEN FIXED & VARIABLE RATE MORTGAGES
MARITAL MERGE: WHEN TWO HOMES BECOME ONE
PRE-DELIVERY INSPECTION: GET TO KNOW YOUR NEW HOME
we won't charge you extra for your custom design Choose one of our many models Bring us your design Custom modifications to any models or designs Creation of a new custom design just for you ... all this as part of our service at no extra chaRge. Meet directly with owner Pierre, owner Michel or VP Stephan
Located off Carp Rd between Stittsville and Carp D
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• 22 lots in a Private Cul-de-sac • 2 to 4 acres country Estate Lots (well & septic) • Underground services with Natural Gas and High Speed Internet • Open and partially or fully treed lots • Walking trails with access to lake and creek • 5 minutes from Kanata Centrum
6 LOCATIONS • CUMBERLAND: Camelot Estates: 2 acres Estate Lots. From the high $600's. sold out • NAVAN: Mustang St.: ½ acre fully treed private Estate Lot. From the high $600's. • OTTAWA: Westboro: 2 luxury semi-detached homes. From the high $600's. • STITTSVILLE: Deer Run: 41’ to 54’ wide lots in a private crescent. From the mid $400's. • CARP: Westlake South Estates: 2 to 4 acres private Cul-de-sac Estate Lots. From the mid $500's. • ON YOUR OWN LOT
2 QUICK OCCUPANCY HOMEs FOR SALE IN STITTSVILLE FROM $529,900
CELEBRATE THE NEW YEAR WITH INCREDIBLE INVENTORY INCENTIVES. NEW RELEASE. ALL NEW DESIGNS.
Like us on:
SALES CENTRE: 610 Kilbirnie Drive, Nepean 613.692.9284
Follow us on:
Singles starting from the mid $400,000’s.
Enjoy resort style living in one of the area’s most successful and desirable neighbourhoods. Set amongst the manicured greens of the prestigious Stonebridge Golf & Country Club. It’s the life you’ve always dreamed of and deserve!
Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. Some restrictions may apply. On select inventory lots only. Other promotional offers do not apply. Please see Sales Representative for full details. Some restrictions may apply. E.&O.E. January 2014. 8886.
NEPEAN STACKED TOWNHOMES from the low $200,000’s MODEL HOME FOR SALE DISCOVER GOLF COURSE LIVING.
SALES CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284
NEPEAN EXECUTIVE TOWNHOMES from the upper $200,000’s EXECUTIVE SINGLES from the mid $400,000’s LIVE ON THE GREEN.
SALES CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284
KANATA TRADITIONAL TOWNHOMES from the upper $200,000’s ALL NEW 32' SINGLES from the upper $300,000’s OLD WORLD CHARM. NEW WORLD LUXURY.
EXECUTIVE 46' SINGLES from $441,990 SALES CENTRE: 110 Westphalian Ave., Kanata 613.831.2619
NEPEAN COURTYARD TOWNHOMES from the low $300,000’s SEMI-DETACHED from the upper $300,000’s FIND YOUR HAVEN.
SALES CENTRE: 280 Longfields Dr., Nepean 613.569.5313
DESIGNER DECORATED MODEL HOMES TO VIEW
MONARCH COMMUNITIES MONARCH, CANADA’S HOME COMPANY SINCE 1917.
Today Enjoy Great New Offers For The New Year On All Early Closings!
Great New Home Incentives & Move In Early!
Take A Look At The Fit & Finish Of A Mattamy Home In Half Moon Bay.
Right now and for a limited time you will enjoy a huge amount of included features in our early closing homes. We are also including money to spend at the Decor Centre. Don't miss this amazing savings opportunity in all three of our established Ottawa communities.
All illustrations are artistâ€™s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
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2-Storey Townhome, The Pristine Corner ‘B’, 1,752 Sq.Ft., $299,990
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Includes: 3 Stainless Steel Appliances & Granite Countertops In Kitchen.
Single Car Garage Home, The Forestlane ‘A’, 2,020 Sq.Ft., $374,990
Includes: Rec. Room Ready PPO, 9' Ceiling On Main Floor PPO, Granite Countertops In Kitchen & Hardwood Floor In Lieu Of Carpet On Main.
Townhomes From $249,990·Detached Homes From $300,990 Half Moon Bay Sales Centre: 3454 Greenbank Road, Barrhaven, 613.825.7932 KANATA
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Single Car Garage Home, The Wildflower ‘A’, 1,927 Sq.Ft., $349,990
Includes: 9' Ceiling On Main Floor PPO, Granite Countertops In Kitchen, Hardwood Floor In Lieu Of Carpet On Main & Air Conditioning.
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Double Car Garage Home, The Berrywood ‘B’, 1,749 Sq.Ft., $354,990
Includes: 9' Ceiling On Main Floor PPO, Granite Countertops In Kitchen, Hardwood Floor In Lieu Of Carpet On Main & Air Conditioning.
Townhomes From $254,990·Detached Homes From $313,990 NEW Monahan Landing Sales Centre: 7 Summitview Drive, Kanata, 613.271.0636 KANATA
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WideLot™ Townhome, The Eastland ‘A’, 1,411 Sq.Ft., $274,990
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Urban Townhome, The Bellshore ‘A’, 1,682 Sq.Ft., $259,990
Includes: 3 Stainless Steel Appliances, Granite Includes: 3 Stainless Steel Appliances, Granite Countertops In Kitchen, Hardwood Floors In Lieu Of Countertops In Kitchen, Hardwood Floors In Lieu Of Carpet On Second Floor & Ceramic Tile In Lieu Of Vinyl. Carpet On Second Floor & Ceramic Tile In Lieu Of Vinyl.
Townhomes From $228,990 Temporary Fairwinds Sales Centre: 7 Summitview Drive, Kanata, 613.271.0636
Sales Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm Follow us:
Iconic homes and communities
STUNNING TOWNHOMES NOW ON SALE 3699 Jockvale Road (near Stonebridge)
Contemporary living in Barrhaven, close to parkland and the Rideau River. un H
ts r. D
100 Grand Manan Circle
NEW SALES PAVILION NOW OPEN (613.435.7751) MODELS
Stunning Estate homes, minutes from Manotick Village. (613.491.2277)
ONLY 2 HOMES REMAIN Urban living in Westboro, close to the Ottawa River pathways.
View our communities at uniformdevelopments.com
U N I Q U E
D E S I G N
January 11 - 25, 2014 || volume 22 issue 1
p. C18 Campanale homes
opens Longfields Station – you’ve arrived
vice-president, Wall2wall media
Director of sales, national
Sales Manager, Eastern Ontario
editor-in-chief / director of content
Susan Legge art director
Bianca DiPietro editor
Wayne Karl contributing editors
Sara Duck, Elisa Krovblit, Lydia McNutt
regular features Condo Insert | C01-C24
sales co-ordinator, eastern Ontario
Spotlight on Condos: Your guide to new condo communities
in the Gatineau and Greater Ottawa Area
Editor’s Note In
Better days ahead for most provincial economies in 2014
C14 Money Matters
January is “make do” month by Gail Vaz-Oxlade
C22 Home Smarts
A marriage of tastes: when two homes become one by Marnie Bennett
24 Mortgage Finesse
Choosing between fixed and variable rate mortgages
Manager of production
26 In the News
Money trumps love when it comes to 2014 New Year’s resolutions
28 Tarion Report
Pre-Delivery Inspection: get to know your new home by Howard Bogach
32 Fundamentally Speaking
Learning as much as you can about mortgages is time well spent by Wayne Karl
34 Designer Advice Trend watch 2014 by Yanic Simard
by Calum Ross
community focus features C06
You can own a piece of Westboro!
opens Longfields Station – you’ve arrived
newhomeandcondoguide.com 1 Raymond St., Ste. 300 Ottawa, Ontario K1R 1A2 Phone: 613.729.1221 Published Saturdays, 2014 Publishing Schedule: Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1
Circulation: Free distribution in street boxes, stores, banks and financial institutions. Terms: Advertisers, editorial content and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial: Submissions from interested parties will be considered. Please submit to the address shown. The views and data expressed by columnists do not necessarily represent those of the publication. Copyright 2014: All rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Please recycle this magazine! Wall2Wall Media participates in the Partners In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
All over Ottawa, there’s a Cardel to call home. Singles in Carleton Place
Singles, towns and condos in Kanata
1 lot left – quick occupancy at Richmond
1 lot left – quick occupancy in Stittsville
Singles and towns in Kanata
Singles and towns at Barrhaven
Visit us online for community details, interactive floorplans and much more.
CONDOS + TOWNS
Built for real life. CARDELHOMES.COM
Taking advantage while you can Low interest rates are still in your favour
Editor-in-chief Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
he Bank of Canada’s latest announcement to hold its interest rate target at one per cent does not come as a surprise. The rate has been holding at that level since September 2010, which is good news if you’re in the market for a mortgage. There are many excellent mortgage products available from banks and brokers that will suit your individual needs, and could well be lower than posted bank rates, which are currently hovering around three per cent for a variable rate. With a pre-approval in hand, you’re protected if rates rise; if they go down, you’ll likely get an even lower rate. A pre-approval can be a win-win situation for shoppers, since it means you don’t have to wait to get financing
approval on a home when you put in an offer. This is an especially good tool to have when markets are hot. Removing the “conditional on financing” clause could mean your offer is accepted first since you already have your financing in place. So when will rates rise? It’s anyone’s guess, but most experts agree it’s unlikely there will be any significant movement until mid 2014. However, we can’t assume that will be the case, and you shouldn’t wait too long to get pre-approved for a mortgage. It can take a few days. Many lenders offer online pre-approvals to make the process faster and easier. Start the New Year off right by taking advantage while you still can.
Resolve to plan carefully in 2014 Low rates mean opportunity, but not at any cost
he past year certainly presented some interesting times – simultaneous talk of slowdowns and soft landings in some markets, increases, upticks and value gains in others. Indeed, now more than ever, housing and economic conditions serve as reminders of how local real estate is. What’s going on in one part of the country or province or in a specific property type, may be completely different from another. On the positive side as we head into 2014 are interest rates that are still at or near historic lows, with the next Bank of Canada rate announcement to come Jan. 22. Many experts don’t expect
Editor Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl
12 New home & Condo guide eastern Ontario | January 11 - 25, 2014
rates to begin rising until mid-year at least, while cautioning that Canadians should not confuse cheap money – if they qualify – with free money. The BoC continually keeps a close eye on household debt and other signposts for any warnings that we’re taking on more debt than we should. Fixed versus variable rate? Long versus short? Open versus closed? These are among the questions you may be pondering as you prepare for your next steps as a homebuyer. Your best strategy? Meet with your broker or banker to see how you can take advantage of these opportunities, without getting in over your head.
QUICK MOVE-INS now available across the city. Enjoy up to $20,000 in Decor Dollars.
ClaridgeHomes.com Prices and speciďŹ cations are subject to change without notice. E. & O. E.
Live where nature is king and imaginations soar. Tour our SIX TOWNHOME and THREE Designer Decorated Model Homes today! NAVAN Located in Navan’s magniﬁcient Mer Bleue conservation area, this unique community of single detached homes, bungalows and townhomes is perfect for the outdoor enthusiast. Contact our Sales Centre today and discover which one is the perfect place for you. Quick move-ins available.
$276,900 Singles & Bungalows from $366,900 Towns from
422 DOVEHAVEN ST. 613 841 0560
The Helsinki. B Elevation
Towns from $281,900
Towns from $309,900
Singles & Bungalows from $361,900
Singles & Bungalows from $371,900
Towns from $280,900 Singles & Bungalows from $366,900
118 MARAVISTA DR. 613 823 6767
401 FERNSIDE ST. 613 425 1332
585 SUMMERHILL ST. 613 822 6444
Zens Urban Flats from $200,900 Towns from $279,900
Condo Flats from $290,900
Zens Urban Flats from $205,900
200 ARRITA ST. 613 591 0448
210 KIWANIS CRT. 613 249 0704
376 ANTIGONISH AVE. 613 834 3488
IMMEDIATE OCCUPANCY AND
M O N TA G E
ON LAST SIX SUITES
Suite Model (#)
1st FLOOR 104 ESSEX(504)
209 WEDGEWOOD(509) 3/2
2nd FLOOR 3rd FLOOR
Come home to Montage.
309 WEDGEWOOD(509) 4th FLOOR 401 RIVERSIDE(510)
Condominiums by Longwood.
* FOR CLOSINGS BY JANUARY 31, 2014.
Just 5 minutes walk from Billings off Bank at Ohio. If you lived here, you’d be home by now.
NOW! www.montagecondos.ca 613.897.0044 SalesMontage@longwoodbuilders.com
ATTACHED BUNGALOWS DEEVY’S HOMESTEAD in Kanata 613.435.2155 SalesDeevys@longwoodbuilders.com deevyshomestead.com Under Construction. •Act Now! SAVE $10,000 on select lots NEW MODEL HOME OPENING in January of Hunt Club NEIGHBOURHOODS
NEIGHBOURHOODS of Hunt Club 613.738.1349 firstname.lastname@example.org longwoodbuilders.com/huntclub NEW MODEL HOME NOW OPEN
Tenth Line at Innes in Orleans 613.424.2901 email@example.com dorima.ca PRICED FOR FIRST TIME BUYERS AND INVESTORS! FROM THE LOW
Longwood wrote the book on these most sought-after bungalows.
Special ‘wide lot’ designs with rear garages available in Hunt Club.
Live in the heart of Westboro
Save up to $10,000 with interior design bonus*
TOWNHOMES NOW UNDER CONSTRUCTION 60% sold | Summer 2014 occupancy Westboro’s most exciting new enclave of 19 contemporary townhomes, ranging from 1,360 to 1,948 sq. ft., beautifully designed by Barry J. Hobin & Associates Architects. All townhomes are freehold and include a low monthly cost for yard maintenance and snow removal. Enjoy the comfort and convenience of heated underground parking with direct access to your home. Personal storage space is included.
*Available for a limited time only
Design bonus! Save up to $10,000 and plan your new space—work one-on-one with our interior designer and customize your interior ﬁnishings.
All this and an enviable urban lifestyle in the heart of Westboro—live within a two-block walk of your favourite cafés, shops and restaurants, and live just minutes from the Sir John A. Macdonald Parkway, Queensway and Gatineau Park.
PRESENTATION RD CENTRE D ON HM C I R
Presentation Centre located at 329 Richmond Road (corner of Churchill and Richmond)
613-825-0080 Choice locations still available. Prices from $609,900. (includes 1 heated underground parking) PRESENTATION CENTRE HOURS Monday to Friday Noon to 6 p.m. Weekends and holidays Noon to 5 p.m.
20 New home & Condo guide eastern Ontario | January 11 - 25, 2014
LONGFIELDS STATION Townhomes | Condo Flats | Terrace Homes | Apartment Condos
visit us at our NEW sales centre
CALLAHAN ESTATES Townhomes | Attached Bungalows | Semi-Detached | Single Family Homes | Bungalows
your distinctive destination.
visit us at our NEW sales centre
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spotlight on condos Eastern Edition
January 11 - 25, 2014
A joint development with:
Your Pull-Out Guide to highrise, conversion, loft, terrace & townhome condo projects
spotlight on condos
there’s a lot to love in notting Hill South. Come home to comfort and convenience in a friendly, relaxed community, just 15 minutes from ottawa. - 9' ceilings - Hardwood and ceramic tile (opt.) - Elevator - 6 appliances
2 BEdroom CondoS Starting from tHE LoW
- Private balcony - radiant heated floors - Zero-maintenance lowrise building
great reasons. great neighbours. inCL HSt
Sales Centre: 151 Potts Private, Unit 103 Hours: mon – thu: 12 pm – 7 pm | fri - Sun + Holidays: 12 pm – 5 pm
Prices subject to change without notice. E. & O. E.
CONDOS + TOWNS
- Secure, heated underground parking (opt.) - 5' x 8' storage room (opt.)
Built for real life. CARDELHOMES.COM
spotlight on condos
spotlight on condos
Welcome home to Westboro. UpperWest. You can own a piece of one of the most coveted areas of Ottawa – Westboro – renowned for its vibrant mix of cafés, gourmet dining and great shops. Surrounded by National Capital Commission parkland and the Ottawa River’s incredible cycling trails, beach, and jogging paths, life here is a breath of fresh air. Only steps from both the Ottawa River Parkway and public transit – it is perfect for both commuting downtown and getting away from it all. UpperWest. Landmark opportunity. Landmark address.
liveupperwest.com Spectacular 1 & 2 Bedroom Suites Prices starting from the mid $200s
400 Richmond Road Sales Centre Hours:
Richmond Rd. Churchill Ave.
Weekends & Holidays 11:00AM – 5:00PM
SALES CENTRE Roosevelt Ave.
A joint development with:
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Monday to Thursday 12:00PM – 7:00PM
a w ta
Limited time bonus subject to change at any time. Non Broker deals on bonus offers only. Some conditions may apply, see sales representative for full details. Prices, sizes and specifications are approximate and are subject to change without notice. All illustrations are artist’s concepts only and not to scale. E. & O. E.
spotlight on condos
You CAN own a piece of
spotlight on condos
Location Westboro Housing Type Condominiums Occupancy fall 2015 Sales Centre 400 Richmond Rd. Contact minto@lansdowne: 613.788.2784 UpperWest: 613.788.2786 lansdowne.minto.com liveupperwest.com
he opportunity to own your own home in one of Ottawa’s most sought-after neighbourhoods has gone from dream to reality at UpperWest by Minto. UpperWest is set within the vibrant urban village of Westboro, which offers long-established businesses, high-end retailers, quaint coffee shops, and quiet tree-lined streets to explore. With direct access to the parkway and the transitway, you can walk, bike, drive or use public transit to reach everything you need. You are mere steps away from the beauty and grandeur of the Ottawa River shoreline, yet also close to the activity of the city. Living in one of Ottawa’s finest neighbourhoods provides the opportunity to mingle with inhabitants of real communities. Older families live here because they love the area. Professionals live simply and centrally without the hassle and expense of a home in the suburbs. Young families like the quiet streets, schools, parks and recreation centres. Westboro offers great shopping, dining and all kinds of recreation. Kayak on the river, swim at Westboro Beach, hop onto the network of bicycle and walking paths and enjoy strolling Ottawa’s “other downtown” along Richmond Road. Best bagels, great coffee, MEC and Trailhead, handmade chocolate, pubs and
MINTO | Westboro
wine bar, organic grocers and a Loblaw’s Minto, Ottawa’s top Superstore are all within easy reach. This opportunity to own a selling builder in stunning condominium in an amazing 2013, has long been urban neighbourhood can’t be ignored. known for its strong First time homebuyer? UpperWest’s prices start at $254,900. Right-sizing brand and this project to manage your new phase of life? simply enhances that UpperWest provides a fantastic opportunity to sell your existing home reputation. and enjoy a central, beautiful and no-maintenance lifestyle. Or maybe you need more space and still want to live in an energy-efficient, beautifully designed and well-built condo in this fascinating part of the city. The airy open-concept suites range from 532 sq. ft. to larger than 2,000 sq. ft., including stunning penthouses with awe-inspiring views, which are even more spectacular seen through dramatic floor-to-ceiling windows or from light-flooded balconies. The building is home to new homeowners, young urban professionals, empty-nesters – everyone wants a piece of Westboro. UpperWest also offers great amenities, and common areas are easily enjoyed with the mixed demographics of residents. UpperWest offers unobstructed – and unmatched – views of Minto, Ottawa’s top selling builder in 2013, has long been the Ottawa River and the dramatic Gatineau Hills. A 25-acre, known for its strong brand and this project simply enhances that federally protected greenspace is your backyard. Yet you are a reputation. UpperWest is targeted to LEED Silver standards, few minutes from downtown. conserving energy and saving you money, and the variety of unit Designed by Wallman Architects, the 25-storey building’s sizes and styles means there is a size and price for every stage of floor-to-ceiling fluid glass walls and panoramic views are life. Construction starts this year. complemented by a stunning glass and stone entry plaza. Exceptional features include a state-of-the-art fitness centre. Visit liveupperwest.com, call 613.788.2786, email The sixth floor lounge boasts a private dining room and firstname.lastname@example.org or visit the sales office at 400 demonstration kitchen, floor-to-ceiling windows and walkout to Richmond Rd. Open Monday to Thursday noon to 7 p.m. and the 5,400 sq.-ft. furnished outdoor terrace with reflecting pool, Friday to Sunday 11 a.m. to 5 p.m. With these prices and low fireplace, gas barbecues and lush landscaping. mortgage rates, buying now in UpperWest is a smart decision.
January 11 - 25, 2014 | New home & Condo guide eastern Ontario C7
//In the news
Better days ahead
for most provincial economies in 2014 Over the past few years, we have seen a two-tiered economy in Canada, in which resource-rich Saskatchewan, Alberta and Newfoundland and Labrador outperformed the rest of the country. Led by Alberta,
most provinces can expect stronger economic growth in 2014, according to the Conference Board of Canada’s Provincial Outlook for Autumn 2013. “While many provinces have struggled in the past few years, Saskatchewan, Alberta, and Newfoundland and Labrador thrived as their primary resources were in high demand and fuelled solid economic growth,” says MarieChristine Bernard, associate director, provincial forecast. “However, the prospect of a stronger U.S. economy will now help boost exports and improve the outlook for other provinces over the next two years.” Despite the damage caused by the severe floods in June, Alberta’s economy has grown at a fast pace in 2013 and economic conditions are extremely favourable heading into 2014. Buoyed by investment in the oil sands and a very strong labour market, Alberta’s real gross domestic product (GDP) is forecast to expand by a robust 3.4 per cent in 2014. Strong gains in the primary sector, a rebound in construction, and improved job creation will help lift British Columbia’s real GDP by 2.7 per cent in 2014. Following an estimated four per cent gain in 2013, Saskatchewan’s booming economy can expect to cool next year. Weaker prices will hold back potash production increases and lower the province’s economic growth to 2.3 per cent in 2014, in line with Canada’s growth. Manitoba’s economy will expand by two per cent in 2014, fuelled by better performances in the province’s goods and services industries, along with strong job growth and gains in personal disposable income. Newfoundland and Labrador’s real GDP growth will slow from a nation-leading six per cent in 2013 to 1.8 per cent in 2014. A much smaller increase in oil production and the completion of construction work on Vale’s Long Harbour project will limit economic growth in the province. The economic outlook for Central Canada and some of the Atlantic provinces is set to improve in 2014. Stronger growth in the U.S. economy will help improve export volumes and the manufacturing sectors in many regions.
C8 New home & Condo guide eastern Ontario | January 11 - 25, 2014
A partial recovery in exports and strong growth in the commercial and financial services will help boost Ontario’s economy. The province’s economic performance is expected to be more in line with the national average in 2014, with real GDP forecast to grow by 2.2 per cent. Mining activity in New Brunswick is expected to pick up as new metal mines come into production in 2014-15, providing a boost to the province’s economy. Overall, real GDP growth in the province is expected to be 1.6 per cent in 2014. With the new Deep Panuke offshore natural gas field set to begin production and better growth prospects in the forestry and manufacturing sectors, Nova Scotia’s economy is forecast to grow by 2.8 per cent in 2014. Prince Edward Island had some of the strongest economic growth among all the provinces in 2013. However, a decline in private investment and ongoing fiscal restraint by the provincial government, will limit growth to just 1.3 per cent in 2014.
Define your style. Create your nuovo. Is uptown loft your style? We can do that.
Visit the Nuovo sales centre in Little Italy to explore the possibilities.
spotlight on condos
Sales centre: 445 Preston 路 613.728.7873 路 Building location: Rochester at Pamilla 路 nuovocondo.ca
spotlight on condos
Discover downtown living at its best with a tour of the bright and airy, beautifully decorated models at Galleria 2. This is your opportunity to live and play close to Parliament Hill, University of Ottawa, ByWard Market, and all that Canadaâ€™s capital has to offer.
start at $282,000.
BONUS Granite counters throughout
spotlight on condos
Purchase one of our ready-to-move-in condos. Only 5% down payment.
spotlight on condos
New floorplan releases and special pricing now available! Welcome to the exclusive world of Claridge Icon, Ottawa’s tallest residential tower. Uncompromising design. Extraordinary architecture. And brilliant views of the city skyline and Dow’s Lake. This is the ultimate location for urban sophisticates, an icon that proudly announces Ottawa’s coming of age. Visit our Presentation Centre and discover our completely redesigned suites. 1 Beds from 610 sq.ft. starting at $263,000. 2 Beds from 735 sq.ft. starting at $311,000.
Presentation Centre Now Open!
Carling Dows Lake
claridgeicon.com _ T 613.695.1441 Sales Centre_505 Preston St. [at Carling] Mon-Thurs 12-7_Fri Closed_Sat, Sun & Holidays 12-5
spotlight on condos
Sizes and specifications subject to change without notice. E. & O. E. Illustration is artist’s impression.
“make do” month » by Gail vaz-oxlade
If there’s any month when you’re most likely to wonder if all the bills will get paid, it’s January. After the
is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade
feverish rush of the holidays and all the unexpected expenses that popped up, no doubt things will be a little tight. Add the extra cost of heating and the jump in “fresh” food prices and you’ll be looking for ways to trim back. Enter Make Do Month. This is the
month when you stretch everything a little farther so you spend a lot less. If you get invited to a party, you don’t rush out and buy something new, you get creative and shop from your closet. And if you need a little something different, you shop from a friend’s closet. Or hold a clothing exchange. What you don’t do is spend money! When the weather is warm, it’s easy to do lots of free things. When it’s cold, entertainment gets more expensive. Sure, there’s that great movie you’d love to take the family to for a night out of the house. For a family of four, you’re
January is a good month to experiment with a new routine as you make do. If you’re used to buying coffee every day, brew your own at home or work and save big-time. ...continued on page 16
C14 New home & Condo guide eastern Ontario | January 11 - 25, 2014
spotlight on condos
//money matters... continued
three nights of free babysitting. Maybe you’re a computer genius and can offer to do maintenance or repairs. Perhaps you’re a mechanic and can offer a tune-up. Substitute your energy for spending money. After the buzz of the holidays, you’ll no doubt be happy to stay home for the first couple of weeks. Then you may start feeling itchy. You’ve got to get out. You can feel the walls closing in. Time to hit that great new restaurant that just opened up, or head out to the clubs. Wait a minute. This is Make Do Month. probably looking at $100 or more with popcorn and drinks. Recycle a movie you already own or do a movie swap with friends, add some home-made popcorn and a 12-pack of pop and you can probably do it for $10. Now that’s making do! January is also a good month to experiment with a new routine as you make do. If you’re used to buying coffee every day, brew your own at home or work and save big-time. If you regularly go out for lunch, pack one from home for four out of every five days and not only will you drop those holiday pounds, you’ll be able to pay off that holiday debt. But what if you have family or friends whose birthday falls in January. You’ll have to buy something. No you don’t. You can give something of yourself instead of something purchased. Make their favorite cookies, offer to cook them a meal or a bunch of meals for the freezer for those extra busy workdays, or create a coupon for
C16 New home & Condo guide eastern Ontario | January 11 - 25, 2014
Start a tradition of once-a-month games or poker nights and rotate from one friend’s home to another. No one says you can’t have fun in Make Do Month. You just can’t spend gobs of money. Call up a couple of friend and throw a pot-luck game night instead. See if you can do it at their house this time. Start a tradition of once-a-month games or poker nights and rotate from one friend’s home to another. No one says you can’t have fun in Make Do Month. You just can’t spend gobs of money. Make Do Month is a conscious decision to stretch every dollar as far as it will go. Try it and see if just becoming conscious save you money. I’ll bet you’re pleasantly surprised.
play here here.
work here. relax here.
the jewel of Barrhaven.
bullet • canadian • commander • crusader • empire • euro star • golden arrow • grand central • north star • orient express • traveller
visit us at our NEW sales centre
spotlight on condos
GRAND OPENING JANUARY 18, 2014! | EMAIL: LONGFIELDS@CAMPANALE.COM
Campanale Homes opens the Station
Youâ€™ve Arrived Location Barrhaven, Longfields Station Housing Type Lowrise condo apartments, 608 to 1,159 sq. ft. Starting price Mid $250,000s Sales Centre Via Verona Avenue, off Longfields Drive Contact 613.440.3750 campanale.com
n January, Campanale Homes is proudly announcing the long-awaited centerpiece to their fantastic Longfieldâ€™s Station project, The Station. The Grand Opening will be taking place January 18th, 2014 at their new sales centre at 420 Via Verona Ave, in Barrhaven. This luxury apartment condominium building is set in the Longfields Station enclave in the heart of Barrhaven. Beyond convenience, The Station is a few seconds walk away from the new Longfields Transit station, providing unlimited access to all Ottawa offers, without the need for a car. The four-storey luxury apartment condominium features 12 one- and two-bedroom designs. Almost all come with ample balconies featuring smoked glass guards. The condominium units range from 608 to 1,159 sq. ft., have an in-unit utility den, and are flooded with beautiful
C18 New home & Condo guide eastern Ontario | january 11 - 25, 2014
campanale homes | Longfields Station
The Station and the Longfields Station community appeals to a diverse group of empty-nesters, seniors, young professionals, investors and young families.
natural light through energy-efficient windows. Appliances are not only energy efficient but also beautiful. High end features include stainless steel appliances, granite countertops, ceramic tile and hardwood flooring, high ceilings, central air and high-quality finishes. Every unitâ€™s price includes a parking space and storage locker and homeowners will love the executive lifestyle and freedom from maintenance. The ground floor is reserved for commercial shops and services, adding even more convenience to this distinctive
destination. The light commercial units do not have access to the homes above, and types of business and hours of operation will be strictly controlled. The concrete walkway, smoked glass entrances and professional sign boxes complement the overall look of the building. The buildingâ€™s exterior is stately brick and stone and the surroundings will be beautifully landscaped. The Station and the Longfields Station community appeals to a diverse group of empty-nesters, seniors, young professionals, investors and young families. And why not? It is conveniently located, not just for transit, either. The neighbourhood hosts many schools, parks, soccer fields, shopping areas, houses of worship and all kinds of other lifestyle and recreation opportunities. There are walking trails and bike paths, and huge South Nepean Park is right across the street. With only 36 condominium units available at The Station, you can be sure they will sell out quickly â€“ especially with prices starting in the mid $250,000s. They are also a great investment, and the careful craftsmanship, high quality materials, and scrupulous maintenance by the Campanale Homes team ensure your investment will appreciate in value. The Longfields Station Sales Centre is open Monday through Thursday, noon to 8 p.m., weekends and holidays noon to 5 p.m. at 420 Via Verona Ave., off Longfields Drive across from South Nepean Park. Call 613.440.3750 or visit campanale.com where you can also register online.
January 11 - 25, 2014 | New home & Condo guide eastern Ontario C19
IT’S NOT TOO LATE TO… DISCOVER EASTERN ONTARIO’S HOMETO… BUILDERIT’S NOT TOO LATE ONE STORY AT A TIME DISCOVER EASTERN ONTARIO’S HOME BUILDERONE STORY AT A TIME • Larger Format • Industry Insights by Eastern Ontario’s Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice
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spotlight on condos
A MARRIAGE OF TASTES
When two homes become one » by marnie bennett I spend a lot of time with couples who are buying their first home together. It’s often enlightening to watch them
is a broker and the marketing director for Bennett Property Shop Realty, a full premium service real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a wealth management coach. bennettpros.com
agree, disagree and compromise until they’ve found the home that clicks for both of them. When the right decision has been made, both parties breathe a huge sigh of relief . . . for about two weeks. Then it’s time for round two: whose stuff do you keep? Just a couple of generations ago, it was common for newlyweds to move straight from their parents’ homes into their own. That meant they needed everything, from teaspoons to a bedroom suite. Couples collected their belongings together, virtually from scratch. Today, this scenario is rare. While singles may not own their own homes – though many do – nearly all have rented their own places and amassed a good deal of furniture, appliances and other items along the way. And it’s human nature to become attached to our possessions. In some cases, one partner owns the obviously superior dining table. In others, when both partners love their belongings, there’s real potential for hurt feelings. My first rule of merging households: be respectful. You don’t have to pretend to like the framed poster of dogs playing poker, but express your feelings as diplomatically as possible. Accept that compromise is necessary on both sides. If you want to confiscate his decorative swords, you may have to surrender the dried flowers. You may be surprised to find that combining your styles can work, if your pieces are good and the scale is right; pick up any
When your beloved things simply look wrong together, it may be necessary to “give” the bedroom to one partner while the other gets the living room. C22 New home & Condo guide eastern Ontario | January 11 - 25, 2014
decorating magazine and you’ll see antiques, vintage and contemporary furniture mingled together to beautiful effect. When your beloved things simply look wrong together, it may be necessary to “give” the bedroom to one partner while the other gets the living room. Ideally, you can come up with a furniture placement plan and sell your unneeded possessions before the big move. When opinions clash over a specific item, though, biding your time can be a less painful way to resolve the issue. As you naturally develop tastes in common, the pieces that don’t look quite right will migrate to the basement, replaced by newly acquired pieces that both of you love. And one day, you may find your patience rewarded with these wonderful words: “Whatever you like, honey.” To receive a free copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy” email firstname.lastname@example.org
spotlight on condos
spotlight on condos
Condominium living with a distinctly New York vibe From $174,000 In Centretown just steps from Bank St.
Hours of Operation MONDAY-THURSDAY: 11AM – 7PM FRIDAY: CLOSED
Brokers protected. Sizes, prices and speciﬁ cations subject
to change at any time. Illustration is Artist’s Concept. E.&O.E.
Presentation Centre 136 Bank St.
WEEKENDS & HOLIDAYS: 11AM – 4:30PM
Chapman Mills Singles from $393,900 Terrace Homes from $218,900 Townhomes from $289,900
Design centre bonus of up to $20,000* Minto is delighted to offer a wide selection of new single homes in an established Barrhaven community that borders 23 acres of protected woodland. It’s just a short walk to four modern schools, and conveniently close to the area’s best recreational, retail and entertainment sites.
mintochapmanmills.com ChapMan Mills sales Centre 102 Southam Way, Nepean Monday–Thursday 12–8 pm Weekends & Holidays 12–5:30 pm Closed Fridays 613.823.1900 Subject to change without notice. E & OE
Doing the math
Choosing between fixed and variable rate mortgages » by calum ross Year over year, perhaps the most contested issue in the mortgage market is the age-old decision of choosing between a fixed and variable rate mortgage. Hundreds of
is senior vice-president and practicing mortgage agent with The Mortgage Centre. He has appeared on Canada AM, Investment Television, BNN and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. He can be reached at 416.410.9905.
thousands of dollars of personal financial research dollars have been poured into making the case and giving the final decisive pearl of wisdom to consumers. Here is some wisdom that will work in any set of market conditions, and perhaps most importantly, will help you determine the best choice for your own personal risk tolerance and financial circumstances. Anyone who suggests you should go with either a fixed or variable rate mortgage without knowing your long term goals, the longer term picture of your cash flow and your own individual risk tolerance, is a financial professional you should be very wary of. I have more than seven years of post-secondary education, I have worked directly in the global treasury operations of one of Canada’s big five banks, and I can assure you – anyone who pretends to know what is going to happen with long term interest rates is either delusional or has a grossly exaggerated opinion of themselves. At any given time, Canada’s capital markets represent about three per cent or less of global capital markets and our economy is heavily reliant on exports to our key trading partners. For Canadian mortgage consumers, no matter how closely we watch our own economy, we will always be subject to changes in our capital markets (debt and equity markets) as a result of shocks to the global system and particularly shocks to our key trading partner – the United States of America. What this means to the fixed versus variable decision is this: at any given time, there is a set spread between the difference in the discounted five-year fixed rate (the most popular long-term mortgage product) and the discounted variable rate product. This spread can increase or decrease in response to movements in the overnight lending rate set by the Bank of Canada and the Government of Canada bond market. This difference in rate represents the premium that mortgage consumers have to pay for the peace of mind that a longer term fixed mortgage offers. Conversely, the difference in savings for going variable represents the reward for taking on the extra risk of not locking in your rate and protecting yourself against future potential rate movements. In reality, the only thing a longer term fixed mortgage gives you is a guarantee against your rate and subsequently your payment moving for a longer period. In fact, it is essentially an insurance premium against interest rate risk, and like all insurance premiums, they change and are more or less valuable to different market participants.
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The difference between this longer term fixed rate and the variable rates, rise and fall in different market conditions. Traditionally, the difference between short and long-term rates is highest when inflation is high – at some of these points in time, the difference was more than two per cent. When inflation is extraordinarily low, the difference in these two rates has been as low as less than 0.5 per cent. Regardless of the difference in the two rates, the relative cost-benefit analysis really comes down to your own tolerance for risk and how much you ultimately pay (cost) for that piece of mind, or stand to gain (save) from taking the extra risk. Only you can ultimately gauge that decision, but if you want to do the math, it is fairly simple – just multiply the mortgage balance you have or were considering taking between the difference in the fixed versus variable. For example – if you have a $100,000 mortgage and the difference between a competitive fixed rate mortgage and a variable rate mortgage is one per cent, then the additional premium per year for that peace of mind is $1,000 or $100,0000 x (the difference in interest rates). If this cost seems reasonable, you are likely psychologically suited for a longer term fixed mortgage. If it seems expensive, you are more likely a candidate for a variable rate mortgage. One final caveat: there is no amount of financial gain that ever warrants putting yourself under financial duress. When it comes to mortgage or financial decisions, the wise consumer does not take on more risk than they can financially handle. The implication – if you can’t afford an upswing in rates then going variable is not a sound decision in any economy.
A popular new community for homebuyers, Avalon West is the latest addition to Avalon in Orléans. It’s a place where you’ll find an inspiring range of affordable homes nestled among landscaped greenways, parks and ponds — all with easy access to rapid transit and Orléans’ great selection of major shopping and entertainment opportunities.
Design centre bonus of up to $7,500*
mintoavalonwest.com avalon sales Centre 204 Monaco Place, Orléans Monday–Thursday 12–8 pm Weekends & Holidays 12–5:30 pm Closed Fridays 613.834.6400 Subject to change without notice. E & OE
Condo Flats from $206,400 Terrace Homes from $219,900 Townhomes from $290,900
//In the news
Money trumps love when it comes to 2014 New Year’s resolutions: BMO More than one-third of Canadians making New Year’s resolutions for 2014 resolved to improve their personal finances, according to a new study from the BMO Wealth Institute.
Resolutions related to personal finances, at 36 per cent, ranked second only to health and fitness, at 51 per cent – and ahead of resolutions related to love life or the workplace. “It’s encouraging to see that so many Canadians making financial issues a priority,” says Chris Buttigieg, senior manager, wealth planning strategy, BMO Financial Group. “Planning is essential to achieving your goals. If your New Year’s resolution is to lose weight, you will need to follow a plan that includes an exercise schedule and a diet regimen. Similarly, developing a financial plan is only the first step, the second and most crucial step is to implement the strategies recommended in the plan, and finally review the progress of the financial plan at least on an annual basis. Following these steps will increase the chances of reaching your financial goals.” A financial plan helps people work towards their short and long-term goals, such as the purchase of a new home, saving for a child’s education or investing for retirement. It provides a roadmap that outlines the path from where they are today to where they want to be in the future. At BMO, the process begins with a financial professional reviewing a person’s finances – including assets, liabilities, income, spending habits and investments – then building a personalized plan that takes these items and risk tolerance into account and fits with the rest of his/her life. The survey found that 59 per cent of Canadians currently have a financial plan (down from 64 per cent in 2012). Of those who have a financial plan: • Eighty-two per cent reported that their financial plan has helped them achieve their goals. • Sixty-nine per cent wished they would have created one earlier. • Ninety-three per cent review their financial plan at least once a year.
26 New home & Condo guide eastern Ontario | January 11 - 25, 2014
When asked to identify the reason why they do not have a financial plan, the top reasons cited by Canadians included: • Do not have enough money to warrant a financial plan (37 per cent). • Never thought of doing a financial plan (29 per cent). • Do not know how to start the process (28 per cent). • Not sure what a financial plan involves (19 per cent). “Having a financial plan is not contingent on your income or how much you have in investments,” says Buttigieg. “A financial plan can benefit anyone who has goals which require funding and is seeking a roadmap to help achieve them.”
Quarry Glen New homes from $189,900
buy your new home for 5% Down.* move in now. Quarry Glen is an exclusive oasis nestled in a mature Orléans neighbourhood. Safe, secure and convenient, Quarry Glen offers parking and beautiful landscaped grounds, with transit, shopping and entertainment just a few steps away. Affordable new homes available now.
mintoquarryglen.com Quarry Glen sales Centre 277A Titanium Private Monday–Wednesday 12–8 pm Weekends & Holidays 12–5:30 pm Closed Thursdays & Fridays 613.696.3328 Subject to change without notice. E & OE
Get to know your new home » by howard bogach The home building process is an exciting time, and we know you can’t wait to get a good look at your new home. Your first real chance to get a top to bottom look at
is President and CEO of Tarion Warranty Corp. His column appears monthly in New Home Guide. For more information about how Tarion helps new-home buyers, visit tarion.com or find us on Facebook at facebook.com/ TarionWarrantyCorp.
your home in its completed state will be during your PreDelivery Inspection, or PDI. When you purchase a new home or condominium, your builder is required by Tarion to conduct a PDI with you on or before the day you take possession. The PDI is more than just a first look around, it’s your opportunity to view your home in its entirety, learn about how to properly maintain it and take stock of anything that may be damaged, incomplete, missing or not working properly. You may be excited to show your new home to your friends and family, but this isn’t the time. The PDI is an important part of taking possession of your new home and deserves your full attention. If you are not able to attend yourself, you can ask someone you trust to be there on your behalf. During the inspection, you should carefully examine your home both inside and out. Look for things like chips in bathtubs and sinks, scratches on countertops, damage to floors, walls, cabinetry or other finishings, and doors and windows that are not secure or do not open and close easily. Outside, check things like the quality of brickwork and siding, whether window screens have been installed, and the appearance of the driveway and landscaping. Your builder’s representative is responsible for making notes of any areas of concern on a PDI form. Review the form carefully to make sure it’s complete. This will become the official record of the condition of your home before you moved in. In case of a disagreement between you and your builder over whether any damage occurred before or after you took possession, Tarion will refer to the notes on your PDI form. The builder is required to provide you with a copy of the completed PDI, but you may want to take your own notes as well. Feel free to take pictures of any damaged or incomplete items. If necessary, those photos can be submitted to Tarion at a later date. You should take your time looking over your new home. As a general rule of thumb, a PDI may take about an hour for every 1,000 sq. ft. of home being inspected. We’ve heard from buyers who said the condition of the home made it impossible to accurately assess any defects. Sometimes there is still too much construction dust and debris or even weather factors that prevent you from getting a good look. If this happens, make sure to note the items that could not be inspected on the PDI form.
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Use the PDI as an opportunity to ask questions and learn about how your home functions. Your builder will show you how to operate your home’s systems, like heating, electrical, air conditioning and plumbing and provide you with operating manuals. Buyers sometimes hire a professional home inspector to accompany them during the PDI. While you are welcome to bring along a trusted companion or professional, I encourage buyers to really think about the purpose of the PDI, which is to form a record of the state of your home before you take possession. You might want to consider waiting for the 30-day or year-end warranty period to hire a home inspector. You’ll have much more time to get to know your home and its systems and will have a better indication of any potential problems that your home inspector can look into. If you do hire a home inspector, I recommend you find one who is certified in conducting new construction inspections. The new-home buyer section on tarion.com has a number of resources to help you prepare for your PDI including a PDI checklist and a guide to getting ready for the PDI. You’ll also find the Homeowner Information Package, or HIP, which your builder will provide on or before your inspection date. I always recommend buyers read the HIP before their PDI. Being informed and well prepared is the best way to start your homeownership experience!
If you have questions about your warranty, visit tarion.com or find us on Facebook at facebook.com/ tarionwarrantycorp
Growing quickly in Kanata, this 200-acre master planned community features spacious executive townhomes and beautiful single homes on a variety of lot sizes. Arcadia brings nature home for those who thrive on the joy of being outdoors. Landscaped trails weave through the community’s ponds and parkland, and along the picturesque Carp River corridor north of Hwy 417. Arcadia — the perfect place for your active lifestyle.
Townhomes from $299,400 Singles from $384,900
Design centre bonus of up to $15,000*
mintoarcadia.com arCadia sales Centre 360 Huntmar Drive, Kanata Monday–Thursday 12–8 pm Weekends & Holidays 12–5:30 pm Closed Fridays 613.788.2770 Subject to change without notice. E & OE
mahogany.minto.com t h i r t y- F i V E FO Ot CO l l E C t i O n Homes from 2017 sq. ft. Starting from $489,900
S i X t y FO Ot CO l l E C ti O n Homes from 2000 sq. ft. Starting from $625,900
Sales & Design Centreâ€ƒ 108 Moretto Court Manotick | 613.788.2776â€ƒ Mon. 12 pm - 7 pm | Tues. - Thurs. 11 am - 7 pm Friday, weekends & holidays 11 am - 5 pm
Mortgage essentials It’s a hot topic in a changing landscape, so learning as much as you can is time well spent » by 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
or follow him on Twitter at Twitter.com/WayneKarl
Mortgage interest rates, still at historical lows and expected to remain so well into this year and maybe 2015, represent a window of opportunity for those looking to buy a home. The mortgage industry is ultra-competitive, lenders often introduce new products and otherwise there are plenty of options for borrowers. If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there has been some talk recently about cooling prices and softening sales. But even if that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances. The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching
32 New home & Condo guide eastern Ontario | January 11 - 25, 2014
But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. potential neighbourhoods, choosing a home and selecting interior finishings. But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever. It will prove to be time well spent.
OCCUPANCIES AVAILABLE JANUARY 2014*
6 1 3-4 2 5 - 5 2 5 5 Sales representative:
Also SINGLES & BUNGALOWS
*Prices subject to changes without notice. E. & OE. See Sales representative.
995 Rotary Way (off Bank Street near Leitrim Road) Sales office hours: Mon – Thurs: 12pm – 7pm, Friday: Closed, Sat – Sun: 12pm – 5pm
2014 » by Yanic Simard
Photography by Brandon Barre
It’s already 2014, and time to take fresh inspiration from the new trends the year will bring. Although it never pays to cling to trends too closely, they can be a great source of ideas that will add a little life when you find your space suffering from the wintertime blahs. Here’s my suggestion of five furniture trends to watch, that you can count on sticking around longer than a year. Miniature vs Oversized Small space aficionados know that “condo-sized” furniture is no new invention. I’ve often said “go big or go home!” – or maybe “go big and go home!” – but lately people are also going the opposite route, and choosing a size extra small. Rather than compromising on versions of favourite furnishings shrunk slightly to fit into a compact floor plan, choose statement pieces - big or small - that will bring full satisfaction.
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How to do it » For the ultimate seating plan, fit in the largest sofa you can (for when one or two people are lounging comfortably) and add European-sized compact seats as side chairs to fit in the maximum number of guests during get-togethers. » Miniature chairs in particular are a trend - even beyond the usual 18-in. seat. Petite accent chairs (child sized or even smaller) are charming conversation pieces nestled up to a coffee table, and can be used as occasional side tables when you need to rest a book or beverage. Rugs Over the past few seasons, we’ve really seen the return of the area rug, and now the magic carpet has officially landed. In a condo space with hard floors, area rugs of all shapes and sizes are an excellent way to bring warmth, colour, and a feeling of home, even in the most modernist schemes – they look excellent paired with traditional furnishings or contrasted against sleek minimal forms. The timeless Persian rug especially brings a heritage appeal, although contemporary rugs come in endless patterns and prints to suit any taste. How to do it » For a living area, choose a rug large enough to tuck under furniture legs. Add a runner (a skinny rectangle) in a kitchen or hallway, or a large rug to any room for the feeling of carpeting (leaving approximately a 12-in. border around the room). » The inky tones in classic traditional rugs are neutral enough to blend into most schemes. For an already neutral space, consider this an opportunity to add some colour – you can roll the rug away or move it to a new room between seasons for a little change up.
Tufting Button-tufting is a style invented for practical reasons: the buttons which hold a fabric to its backing (on a chair, headboard – anything upholstered) help keep stuffing in place by creating square or diamond shaped pockets. The traditional look has lasted through centuries, and for 2014 it will be popular for modern settings as well. The geometric forms created by tufting can enrich the look of even the most streamlined sofa, and can be achieved without buttons for a more subtle quilted effect. How to do it » A tufted leather sofa is a must-have investment piece, for a look that speaks to luxury but is also practical – the material will hold up to wear and be easy to maintain. Visit Zilli home to see their current selections. » Quilting isn’t just for pieces you sit on. It can also dress a cabinet front for a private club appeal – check out the Brick 69 storage unit available via Quasi Modo. Origami People have been developing a fascination with facets, and this love of all things angular is leading to a rise in the ancient art of Origami as an inspiration for complex bent forms in various areas of design. Like with tufting, the angles break up a material for visual interest and allow light to catch the item in different ways, adding the subtle drama that contemporary spaces were missing in years past. How to do it » Table bases are an easily overlooked detail that can benefit from a more fun form. I recently found this chunky golden nugget of a side table to make a simple statement in a client’s home – order yours from boutiques like L’Atelier.
Photographs courtesy of Elte
» Origami also makes for great art, brought to a large scale and in new materials, like the simple but intriguing Fold sculpture I recently spied at Avenue Road Plastic For the most future-forward look, it’s hard to beat the appeal of plastic. With people once again celebrating colour, the vivid tones of translucent materials like acrylic and polycarbonate will be the ultimate source of a hue infusion. Semi-transparent materials work best grouped together (so their colours overlap and intermingle) or near a light source that will shine through and spread the colour love around. How to do it » For a quick addition, a few floating shelves (such as the Shellfish series by Kartell, available through Elte) can brighten up a wall – you might not even want to bother finding anything to put on them. » To really make a synthetic statement, try a transparent coffee table or nightstand. A piece like this visually floats to keep an airy look while adding a shock of colour that defines a furniture grouping.
is the Design Editor of New Condo Guide and principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca
January 11 - 25, 2014 | New home & Condo guide eastern Ontario 35
Calculate your mortgage payments interest rate
mortgage amount ÷ 1,000 (mortgage amount $125,000)
Follow these steps to see if you’ll qualify for a mortgage on your dream home
Calculate the combined monthly before-tax income of you and your spouse.
Multiply this figure by the amount you need to borrow. Divide by 1,000.
Divide by three. This figure is the monthly payment you can afford to make on your home.
Add to this your estimated monthly heating costs and monthly property taxes.
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.
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 first-time buyers take the 25-year amortization.)
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.
36 New home & Condo guide eastern Ontario | January 11 - 25, 2014
Mortgage payment calculation chart %
This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 January 11 - 25, 2014 | New home & Condo guide eastern Ontario 37
HOt SHEET ashcroft Homes
Central Park • the next Live where downtown spirit meets community character, your prime location is your pathway to the best of Ottawa, and bountiful greenspace blends naturally. The Next brings it all together – smart condo living at the heart of Central Park. Starting at mid $200’s. Register now for VIP pricing at benext.ca Westboro • QWesT A stroll under the arches and along Sisters’ Walk will be enough to convince you of how greenspaces and good design make life beautiful at Q West. The Q West team’s inspired vision both preserves and enhances this landmark property. Just released, second floor terrace suites! Visit our model suite located at the corner of Richmond Rd. and Leighton Terrace in Westboro or call 613.221.5926. liveqwest.com
Ottawa • Richardson ridge Newly designed luxury homes are nestled into an unparalleled community featuring exposed Cambrian Granite Shield and breathtaking views from each grand and expansive yard. Located minutes from the Kanata Centrum Shopping Complex, urban amenities and Hwy. 417. 103 Grand Mana Circle, Ottawa. 613.297.9901. email@example.com. braeburyhomes.com
ARNPRIOR • CALLAHAN ESTATES Your distinctive destination. Just west of the scenic Madawaska River in old world Arnprior, this stunning location offers the best of both worlds. You can enjoy the timeless charms of smaller town living while being a scant 20 minutes from major urban amenities in neighboring Kanata and Ottawa. Starting as low as $219,900. Visit the sales centre located at 2 Tom Gavinski, Arnprior, open Monday to Thursday 11 a.m. to 7 p.m., Saturday, Sunday and holidays noon to 5 p.m. Call 613.622.0033 or visit campanale.com
BEECHWOOD VILLAGE • The Kavanaugh The Kavanaugh offers village life in the city: quaint but with cachet – and just minutes from Parliament Hill. Famed bistros and bakeries line a streetscape surrounded by greenspaces, bike paths and landmarks. 613.897.7873. thekavanaugh.ca LITTLE ITALY • NUOVO • United by Originality Nuovo is Ottawa’s latest urban condo development brought to you by Domicile. This Barry Hobin design, situated in the heart of Little Italy, will offer unrivalled options for customization and personalization, allowing you to create a home that is truly yours. 613.728.7873. Pre-register now at nuovocondo.ca ORLEANS • BERGERON TERRACE Introducing Bergeron Terrace, set in Chapel Hill. Beautifully designed, quality built and affordably priced one-, two and three-bedroom terrace homes and urban flats. Conveniently located at the corner of Meadowglen and Orleans Blvd., Bergeron Terrace offers you all the best that Domicile has to offer. Pre-register now at bergeronterrace.ca Ottawa • HŌm Introducing HŌm, nestled beside Ottawa’s Little Italy and Dow’s Lake. Everything’s within reach – including the price. 613.728.7873. hombydomicile.ca wellington west • ONE3ONE one3one is at the centre of the urban, tasteful and cultural Wellington West. All units with access to a rooftop terrace, rear courtyard, guest suite, fitness room, yoga room and a party room/entertainment room. Pre-register online or call 613.728.7873. one3one.ca
Kemptville • Kemptville Meadows Discover higher value at a lower price! Stacked townhomes from 1,138 sq. ft. from only $219,500. Due to overwhelming demand, Phase 3 is now also under construction. Ask about Zero Down Payment Program and Limited Time Bonus Offer. Tour the model home at 206 Fir Lane, Kemptville. 613.366.2007. kemptvillemeadows.ca
BARRHAVEN • LONGFIELDS STATION • TOWNHOMES • AND MORE
You know you’ve arrived when you’re living in your new home built by Campanale Homes, an award-winning builder with more than 30 years of experience. Condo flats and terrace homes starting from $252,000. Loaded executive townhomes priced from $331,260. Visit our new model homes and sales centre located at 420 Via Verona Ave. in Barrhaven. Call 613.440.3750 or visit campanale.com OTTAWA SOUTH • PRINCE OF WALES ON THE RIDEAU Located just minutes to downtown via the scenic Colonel By Drive, and an easy bike ride to the scenic Hog’s Back Falls and Vincent Massey Park. This award-winning community features magnificent executive singlefamily homes, surrounded by more than 50 acres of greenspace and park bordering the Rideau River. Only a few lots remain. Call 613.440.3750 for more information or visit campanale.com
Barrhaven • Longfields Innovative semi-detached homes in Barrhaven – models now open. larcohomes.com OTTAWA • Accolade Larco presents Accolade, 23 Upscale Townhomes in Craig Henry. Only one townhomes remaining from $399,000. larcohomes.com
Ottawa South • FINDLAY BY THE PARK New community offering an exciting collection of singles, bungalows and townhomes. Just a few steps to greenspace, park, recreational arena and soccer fields. Quick access to shops, restaurants and services. Starting from $314,900. Limited time bonus offer. 613.425.5255. maisonslemayhomes.ca
LONGFIELDS • Barrhaven – Singles • Townhomes Now selling singles and townhomes in Longfields at Barrhaven. Visit 100 Longfields Dr. or contact Nicholas at Nicholas.firstname.lastname@example.org, 613.290.4703. cardelhomes.com kol at blackstone • kanata • condos KoL Condos coming soon to Blackstone. Register online at cardelhomes. com and be the first to receive insider updates. For more information, contact Harley Wallin at 613.836.9521, email@example.com Notting Hill South • Orleans • condos Enjoy designer selected finishes in a brand new condo. Every single condo includes underground parking, six appliances, storage room, radiant heated floors, elevator and zero-maintenance comfort and convenience! Contact Nicholas at 613.424.6780, firstname.lastname@example.org cardelhomes.com
Distillery Warehouse • Authentic Lofts Warehouse inspired lofts, with industrial kitchens, brick walls and pioneering design to celebrate Ottawa’s industrial past with prices from the mid $200’s. Register at distillerywarehouse.com to receive updates and an invitation to the VIP event. Call 613.793.5500.
Gatineau • Cartier wellington New landmark exterior composed of metal, glass and masonry built to LEED standards, contemporary architecture offers you energy efficient, ecological and innovative 14-storey modern structure. Already 50 per cent sold. Pre-construction pricing still in effect! Claridge Homes, claridgehomes.com, 613.425.1332.
Gatineau • Les Vieux Moulins Splendid condos, condoclimat, designed for you by professionals. Come visit the sample unit at 14 - #2, des Alluchons Gatineau St., Gatineau (Aylmer Sector). chabitat.com
38 New home & Condo guide eastern Ontario | January 11 - 25, 2014
KANATA • DEEVY’S HOMESTEAD Under construction – $19,000 off on selected lots. Adult lifestyle attached bungalow townhomes on Equestrian Drive in Kanata. deevyshomestead.com or email email@example.com. Call 613.435.2155 for more information. HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB New adult lifestyle attached bungalow community in Hunt Club. Decorated model home and sales office now open. neighbourhoodsofhuntclub.com or email firstname.lastname@example.org or call 613.738.1349 for information. CENTRAL OTTAWA • SONIA BY THE RIDEAU New 70-unit condominium in Ottawa East. Decorated model suite with unique European Extenzo Ceiling.soniacondos.com or email email@example.com or call 613.421.9736.
BUILDERS: If you would like to include your new model home or site opening, email Nashrun.Kamaludin@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide!
Ottawa / Eastern Ontario / Gatineau Regions
OTTAWA SOUTH • MONTAGE This 36-unit condominium in Ottawa South is 75 per cent sold. Two model suites now open. Immediate occupancy on nine suites. Located at corner of Clementine and Ohio off bank south of Billings Bridge. montagecondos.ca Call 613.897.0044 or firstname.lastname@example.org ORLEANS • DORIMA TERRACE HOMES Under construction, move in early 2014. Perfect for the first-time buyer or investor. Terrace homes off Innes at 10th Line. For more information dorima.ca or 613.424.2901. ROCKLAND • MORRIS VILLAGE Best value single-family homes and bungalows. Perfect for growing families. Decorated model home and sales office. For more information longwoodbuilders.com/morrisvillage or 613.446.1506.
Barrhaven • Longfields Courtyard townhomes with double car garages from the low $300,000s. Semi-detached homes with double car garages from the high $300,000s. 280 Longfields Dr., Nepean, 613.569.5313. Nepean • Stonebridge Ottawa’s award-winning golf course community. Luxurious singles from the mid $400,000s. Executive townhomes from high $200,000s. Stacked townhomes from the low $200,000s. 610 Kilbirnie Dr., Nepean. 613.692.9280. monarchgroup.net
ALMONTE • WHITE TAIL RIDGE Small town feel with all the amenities of a big city and the largest lots available anywhere. Contact Liane McKinley 613.369.5842.
WESTBORO • RAVENHILL COMMON 19 freehold towns, now under construction for summer 2014 occupancy. Located two blocks from the heart of Westboro, stunning open concept two- and three-bedroom homes from 1,361 to 1,948 sq. ft. feature as direct access from underground parking garage, two-storey galleries and open lofts, private rear terrace and roof top decks. Ravenhill Common, Contemporary Brownstones, Churchill Ave. North, one block south of Byron at Ravenhill. Sales centre now open at 329 Richmond Rd. at the corner of Churchill Ave. ravenhillcommon.com. Call 613.825.0080 or email email@example.com
WEST CENTRAL • SOHO CHAMPAGNE Mastercraft Starwood’s SoHo Luxury Condominiums is pleased to announce its third Ottawa location: SoHo Champagne – just one block west of Preston St. in Little Italy. Register today to get an invite to our spring sales launch. sohochampagne.com Ottawa • SOHO LISGAR New release of suites on the 12th to 15th floors. the ultimate hotel-inspired lifestyle in a designer condominium, in the heart of downtown. Call 613.798.7646. soholisgar.com
Carp • Westlake South Estates Westlake Estates offers 22 estate lots on two to four acres on a private cul-de-sac and most lots are tree-covered. LENA St. • ARNPRIOR Three large 60-ft.-wide lots in a private 10-lot cull-de-sac on the Madawaska River. Each lot has access to the Madawaska river via a private pathway. Each lot has its own private dock on the Madawaska, with direct access to the Ottawa River. Price starting in the mid-$500’s. The construction of a spec model home (for sale for summer 2014 occupancy) will start this fall. stittsville • deer run Metric introduces the Maplewood 1 model to its Deer Run community lineup. At 3,200 sq. ft. plus open space, this home features a open loft at the second floor, circular staircase and walk in closet in most bedrooms. Visit the sales office on Rockson Crescent Saturdays and Sundays between noon and 5 p.m. or call 613.296.7000. Deer Run model home now open. metrichomes.com WESTBORO • Qwest 529 Broadhead Ave. two custom designed semi-detached homes on a 168-ft. deep infill lot. Innovative street friendly and appealing design. Two proposed concepts. The first purchaser will decide which concept will be built and will customize its new home. Priced in the $700,000s.
THE GLEBE • MINTO@LANSDOWNE Make your home in one of Ottawa’s premier neighbourhoods – the Glebe. Enjoy the best of modern living in harmony with historic surroundings, with all life’s essentials right at your doorstep. Move in as early as 2014. 613.788.2784. lansdowne.minto.com
Broccolini • The Slater • Condominium In this amenity-filled building, suite features include standard kitchen islands, five-ft. glass walk-in shower, stainless steel appliance package, hardwood throughout, quartz counters, nine-ft. ceilings, views of the Ottawa River. Suites range from studio to two-storey penthouses with private terrace. Starting at $190’s. 199 Slater St. Ottawa. 613.230.0199 theslater.ca
Uniform Urban Developments
Kanata • Blackstone Executive 46-ft. singles from $441,990. Two-storey townhomes from the high $200,000s. 32-ft. singles with double car garages from the high $300,000s. 110 Westphalian Ave., Kanata, 613.831.2619. Register at monarchgroup.net
barrhaven • The Orchard Grand opening for The Orchard in Barrhaven South, near Stonebridge. Single-family homes starting from $519,000. 3699 Jockvale Rd. uniformdevelopments.com Manotick • Maple Creek Estates Stunning estate lot community with a close connection to the city – the best of both worlds. Two model homes open for viewing. Call 613.491.2277. Kanata • Richardson Ridge Single-family homes starting from $497,000. Sales centre located at the corner of Terry Fox Drive and Richardson Side Road. Call 613.853.4302.
Westboro • UpperWest A 25-storey landmark address in the heart of Westboro – just steps from upscale dining and shopping. Choose from stunning open concept suite designs, with sun drenched rooms and spectacular interior finishes. Enjoy state-of-the-art fitness centre, entertainment lounge plus an expansive outdoor terrace. 613.788.2786. liveupperwest.com NEW EDINBURGH • MINTOBEECHWOOD New Edinburgh is one of Ottawa’s finest neighbourhoods. Where tradition meets modern, old meets new, home to eclectic shops and restaurants. Spectacular new condominiums coming this September available from the mid $200,000s. Register now for priority preview: mintobeechwood.com
Leitrum • Findlay Creek Grand opening! Five new decorated townhome models in Findlay Creek Village. Call 613.247.0081 or visit tamarackhomes.com Orleans • Chaparal Grand opening, new gallery townhomes from $279,900 Call 613.837.1511 or visit tamarackhomes.com
Kemptville • Country Walk New release of Country Walk, the second community in Kemptville. With only 70 units available, this exclusive community of adult-lifestyle bungalow townhomes is unique, affordable and eco-friendly. Visit urbandale.com central ottawa • 99 Parkdale A new luxury condominium is coming to Ottawa. Indulge your senses with more than 12,000 sq. ft. of indoor and outdoor amenity space. Featuring an exquisite podium garden, state-of-the-art fitness centre, elegant dining rooms, a plush theatre, expansive lounges and an outdoor fireplace. Only minutes from the Parkdale market, everything you need is at your doorstep. Now released. Register at 99Parkdale.com
Mer Bleue/Orléans • bradley estates New release of single-family homes and executive townhomes. New to Bradley Estates: nine redesigned models with full-brick fronts and stone skirts. valecraft.com
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ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le
White tail Ridge
Westlake South Estate
4, 5 19
West Pointe Village
Half Moon Bay
Findlay by the Park
Prince of Wales on the Rideau
40 New home & Condo guide eastern Ontario | JanUARY 11 - 25, 2014
ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le
22 3 20
Place St Thomas
Spring Valley Trails
Westboro Point Development
From low $300's
JanUARY 11 - 25, 2014 | New home & Condo guide eastern Ontario 41
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42 New home & Condo guide eastern Ontario | January 11 - 25, 2014
smith Falls Merrickville
key map Stittsville, Carlton Place, West Carlton, Nepean, Kanata, Richmond, Riverside South, Barrhaven, North Gower, Greely, Kemptville, Morewood, Orleans, Embrun, Russell, Rockland, Aylmer, Hull, Gatineau.
Ready to occupy by Fall 2014— or buy next door at 111 West and move in now!* *Visit the sales centre for more details. RICHMOND & I S L A N D PA R K
This revolutionary community is set to redeﬁne living space in Ottawa. the beauty: brilliantly well-planned spaces, sleek ﬁnishes, beautiful views. the inspiration: art, culture and some of the city’s best shopping, restaurants and cafés right at your doorstep. Q the luxury: innovative features and services built in to a seamless residential experience. At Q West in Westboro, it all comes together to create an entirely new, vibrant lifestyle. You’ve never seen anything like it, and it’s how you want to live now.
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SALES CENTRE: 101 Richmond Road
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Upgrade your Life! Call our Sales Centre today: 613-837-1511 • Sales Centre Hours: Monday–Thursday 1-8 pm, Friday Closed Saturday, Sunday & Holidays 12-5pm • Sales Centre located at 354 Grammond Circle, Orleans.