Eastern Ontario New Home & Condo Guide - 09 Feb., 2013

Eastern Ontario Edition

February 9 - 23, 2013 Volume 13 Issue 03

Your Best Source for New Homes and Condos

SPRING ARRIVAL An exceptionAl neighBourhooD. An exclusive community.

LONGFIELDS BY MONARCH

Discover Barrhaven’s newest community of townhomes and semi-detached homes.

inside this issue

WHEN SHOULD YOU SPRING FOR BUILDER UPGRADES?

12 STEPS TO GETTING FINANCIALLY ORGANIZED

WHY NOW IS A GOOD TIME TO BUY A HOME

606 Birchland Cres. (off Westridge Dr. between Abbott St. & Fernbank Rd.) Stittsville 613 831 3711

Only 3 lOts left!

Bungalows, main floor master homes and two-storey homes priced from $488,900. Beautiful 46’– 50’ wide lots are the last ones available in town!

ere, you can enjoy classic craftsmanship in modern design

yOur fInAl OppOrtunIty In stIttsvIlle.

IMMeDIAte OCCupAnCy HOMes AvAIlABle WItH sIGnInG BOnus.

w w w.holitzner.com ViSit A holitzneR SAleS CentRe & touR ouR moDel home toDAy! Mon. to Thurs.: noon to 7pm • Fri., Sat., Sun. & Holidays: noon to 5pm otheR holitzneR CommunitieS

neW HOMes COMInG sOOn!

Build your perfect home in the elegantly historic community of Carleton Place.

Picturesque properties in this small town outside ottawa are one-of-a-kind and border the mississippi River.

139 Charlie’s Lane, Carp • 613 839 6675

lAst CHAnCe tO OWn!

immediate occupancy available with signing bonus. two-storey homes and bungalows from $514,900.

All feature walkout basements facing a beautiful pond.

139 Charlie’s Lane, Carp • 613 839 6675

ENERGY STAR® standard in all Holitzner homes.

The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada.

Sa Ri ve gh $1 t 0, No 00 w 0 !

iNveNtoRy CleaRaNCe

whitaKeR i Corner | 2820 sq. ft.

Lot 20 - Single Family Home - Model Home, over $100K in upgrades, 4 bedrooms, 2½ baths Finished lower level with 2 piece washroom.

Immediate • $614,900

duced Price r1e0,000 by $

whitaKeR | 2838 sq. ft.

Lot 52 - Single Family Home, 4 bedrooms, 2½ baths Oversized Lot + 10K Shopping Spree Finished lower level with 2 piece washroom.

Immediate • $516,900

duced Price r1e0,000 by $

veRoNa | 1963 sq. ft.

aMato | 1955 sq. ft.

Lot 23L - Semi Detached Two Storey, 3 bedrooms, 2 ½ baths 10K Shopping Spree Finished lower level with 2 piece washroom.

Immediate • $389,900

duced Price r1e0,000 by $

Bel CaNto | 2231 sq. ft.

Lot 23R -Semi Detached Two Storey, 3 bedrooms, 2½ baths 10K Shopping Spree Finished lower level with 2 piece washroom.

Immediate • $409,900

duced Price r1e0,000 by $

Bel CaNto | 2231 sq. ft.

Lot 45R - Semi Detached Bungalow, 3 bedrooms, 2½ baths Park Lot + 10K Shopping lD Spree Finished lower levelSo with 3 piece washroom.

Lot 49R - Semi Detached Two Storey, 3 bedrooms, 2½ baths Oversized Lot +10K Shopping Spree Finished lower level with 2 piece washroom.

the lexiNgtoN interior – 2 Bedroom

the MulBeRRy interior - 2 Bedroom

Immediate • $409,900

duced Price r1e0,000 $ y b

Block 1 Unit 2 | Townhome - 1604 sq. ft.

Immediate ed e reduc

$450,000

Block 3 Unit 10 | Townhome - 1731 sq. ft.

Mar 2013 Price reduce0d

$424,000

the MulBeRRy end Reverse - 3 Bedroom Block 4 Unit 11 | Townhome - 1731 sq. ft.

Immediate ed e reduc

Price r1e0,000 by $

the MulBeRRy interior Reverse - 3 Bedroom Block 4 Unit 13 | Townhome - 1731 sq. ft.

Immediate uced

0 by $10,0

$445,000

duced Price r1e0,000 $ y b

Block 4 Unit 12 | Townhome - 1731 sq. ft.

Immediate duced

Pric 10,000 by $

the MulBeRRy end Standard - 3 Bedroom

$445,000

Mar 2013 • $419,900

$420,000

d Price r1e0,000 by $

the MulBeRRy end - 3 Bedroom

Pric 10,000 by $

Block 4 Unit 14 | Townhome - 1731 sq. ft. lD So2013 Mar duced

$445,000

Price r1e0,000 by $

Accolade

Longfields

Larcohomes.com 613-668-7207

Sales centre hours Mon to Thurs: 12 noon–7pm Fri, Sat, Sun & Holidays: 12 noon–5pm

613-523-2779

3

ALWAYS HOME. EXPERIENCE COMMUNITY

LIKE NEVER BEFORE MONARCHGROUP.NET

PLUS Chef’s Kitchen with quartz countertops, extended upper cabinetry, pots and pan drawers and more PLUS Air conditioning****

Eagleson Rd.

PLUS Hardwood flooring on Main level***

Dr.

For a limited time receive $10,000 Design Studio Dollars*

t.

• Single-family homes ranging from 1,826 to 3,606 sq. ft. from $439,990

EXPERIENCE CENTRE Westphalian Ave.

Terr y Fox

• Superior features and finishes include 9' ceilings, gourmet kitchen, spa-inspired ensuites, stunning exteriors and much more

Hwy. 417

Hazeldean Rd.

Stittsville M ain S

A master planned community of distinction offers the finest selection in features and finishes.

Huntmar Dr.

CELEBRATE 95 YEARS WITH MONARCH.

Fernbank Rd.

N

EXPERIENCE CENTRE 110 Westphalian Ave., Kanata 613.831.2619 ALSO AVAILABLE Two-storey Townhomes from 1,621** to 2,402**sq. ft. priced from the high $200,000’s

MODEL HOMES TO VIEW Follow us on:

twitter @monarch_group

Like us on:

facebook/monarchcorp

MONARCHGROUP.NET Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. *Extras noted above are as per plan and as specified by Vendor. Some restrictions may apply. Extras to be chosen at Monarch’s Home Design Studio. **Includes Finished space in Lower Level. *** Hardwood on the Main Level is in lieu of Carpeted area and main floor bedrooms. Hardwood flooring is as specified by Vendor as per the Vendor’s standard samples. ****Size of air conditioner to be determined by heat calculation study. Restrictions may apply. Please see Sales Representative for full details. E.& O.E. January 2013. 20299.

MONARCH COMMUNITIES. MONARCH, CANADA’S OLDEST AND MOST EXPERIENCED BUILDER.

NEPEAN STACKED TOWNHOMES from the $190,000’s

THE LINKS · MODEL HOME

DISCOVER GOLF COURSE LIVING.

EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284

NEPEAN EXECUTIVE SINGLES from the mid $400,000’s EXECUTIVE TOWNHOMES from the mid $200,000’s THE EVERGREEN · ELEV. B

LIVE ON THE GREEN.

EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284

KANATA EXECUTIVE TOWNHOMES from the high $200,000’s

OTTAWA’S LEADING SMART COMMUNITY. THE ALLIANCE · ELEV. A

VISIT US AT OUR NEW EXPERIENCE CENTRE TODAY EXPERIENCE CENTRE: 110 Westphalian Ave., Ottawa 613.831.2619

KANATA TWO-STOREY TOWNHOMES from the high $200,000’s OLD WORLD CHARM. NEW WORLD LUXURY. BLACKSTONE · MODEL HOME

HOURS: Mon. – Thurs. 1pm – 8 pm, Fri.,Weekends & Holidays 12pm – 5pm

DESIGNER DECORATED MODEL HOMES TO VIEW AT ALL COMMUNITIES.

EXECUTIVE 46' SINGLES from $439,990 EXPERIENCE CENTRE: 110 Westphalian Ave., Ottawa 613.831.2619

mattamyhomes.com

We Light Up Your Life.

Mattamy homes are designed to make use of as much natural light as possible.

We use oversized windows throughout the home.

This adds a natural, cheerful brightness inside the home.

This, combined with our smart use of space, creates a warm and open interior.

So even in the dark and dreary short days of winter, you will have more light in the home, which will perk up your spirits. Families who live in Mattamy homes have more reason to smile and right now, as the days grow longer, you’ll appreciate having a home filled with light without having to turn on a switch.

6

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

BARRHAVEN

KANATA

KANATA

Townhomes From $219,990 · Detached Homes From $309,990

Townhomes From $222,990 · Detached Homes From $306,990

Townhomes From $224,990 · Detached Homes From $329,990

r.

Lot 119 – Double Car Garage, The Marigold Corner ‘B’, Lot 101 – Single Car Garage, The Wildflower ‘A’, 1,710 Sq.Ft. 4 Bedroom, $349,990 1,927 Sq.Ft. 4 Bedroom, $349,990 Includes: Rec. Room Ready, 9' Ceilings On Main Floor, Includes: 9' Ceilings On Main Floor, Rec. Room Ready, Super Shower, Landscape Plan, Hardwood Floors Super Shower, Gas Fireplace, Hardwood Floors On Main & Granite Countertops In Kitchen.

On Main & Granite Countertops In Kitchen.

Move In November 28, 2013 Move In March 14, 2014

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Monahan Landing Sales Centre: 4845 Hope Side Road, Kanata, 613.271.0636

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Fairwinds Sales Centre: 1776 Maple Grove Road, Kanata, 613.831.9369

Lot 50 – Double Car Garage, The Westlynn ‘A’, 2,907 Sq.Ft. 4 Bedroom/3 Bath, $474,990 Includes: Rec. Room Ready, Alternate Kitchen, Glass Shower, Hardwood Floors On Main, Oak Stairs, Granite Countertops In Kitchen & $10,000 To Spend At Decor.

Move-In July 11, 2013

Sales Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm

7

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» Choose one of our many models « » Bring us your model «

» Custom modifications to any models or designs « » Creation of new custom design just for you « …. all this without paying a premium for our service:

CUSTOM DESIGNED HOMES AT NO EXTRA COST !!!!

5 existing locations: Cumberland, Navan, Westboro, Stittsville & Carp. or on your own land

BUNGALOWS & 2-STOREYS FROM the $400’s

NEW RELEASE: 2 Semi-Detached homes

in WESTBORO.

(613) 296-7000 8 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

o ls jor ns A e a tio W M a o d ov n Re

www.MetricHomes.com

Uniform Urban Developments is proud to present Richardson Ridge in Kanata, our newest single-family development. Designed by Barry Hobin, this collection of unique and elegant homes is just minutes from the Kanata Centrum shopping complex, golf, schools, Scotiabank Place and the 417. Sales Centre now open.

STUNNING NEW LOTS!

homes starting from $497,000

613.853.4302 | uniformdevelopments.com 9

contents

February 9 - 23, 2013

||

volume 13 issue 03

cover story

p.20

monarch

Coming this spring to Barrhaven – Longfields

C06

C16

vice-president, Wall2wall media

Jacqueline Hill

Sales Manager, Eastern Ontario

Paul Bimm

editor-in-chief, national real estate

Susan Legge art director

Daiana Garay editor

Wayne Karl contributing editors

Janine Druery, Elisa Krovblit, Silvana Longo Lydia McNutt (on leave), Sara Duck (on leave)

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

Nash Kamaludin

national account manager, mediative

Paul Slizys

Manager of production

C22 home smarts

When should you spring for the builder upgrade?

by Marnie Bennett

12 editor’s note 24 tax matters

Canadians struggle to balance various needs with retirement

26 quick tips

The impact of stuff

by Hellen Buttigieg

28 trendspotting

Tasteful displays

by Elisa Krovblit

30 money matters

12 steps to getting financially organized

by Gail Vaz-Oxlade

33 Fundamentally speaking Planning to buy new? Now is a good time

by Wayne Karl

34 the mortgage minute

Why investing in real estate still makes sense

by Peter Kinch

36 hot sheet

Two pages of community previews and openings

community focus features C06 broccolini construction The Slater – more than an address

C16 starwood mastercraft

Setting the standard at SoHo Champagne

Bala Gnanapandithan Production Co-ordinator

Dennis Ng

graphic designer

Viosa Barileva Published by

Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

1 Raymond St., Ste. 300 Ottawa, Ontario K1R 1A2 Phone: 613.729.1221 Published Saturdays, 2013 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 2013: 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.

Final Phase

UndEr consTrUcTion

a smar t investment

Tarion award of ExcEllEncE finalisT

Executive towns

Semi-detached homes

from the high

613.592.2425

Loblaws $ 200’s

monarchgroup.net

613.435.5400

valecraft.com

from the high

$ 200’s

RD HM ON

D

Visit our website for hours.

DR

MOODIE DR

STONEHA VE

N

R XD N

NBA

FER

$ 300’s

SALES CENTRES & MODEL HOMES Cope Dr. off Eagleson Rd., Kanata

SON RD

ROBERT

RIC

EAGLESON RD

O RY F

TER E DR

COP K RD

from the low

6 beautiful model homes available for viewing

417

MICHAEL COWPLAND DR

613.831.6255

tartanhomes.com

Executive towns

E. & O. E. Specifications and prices subject to change without notice.

Trailwest.ca

e d i t o r ’s n o t e

Think you can’t afford a home?

It’s more affordable than you first thought

M

uch like that bank commercial that says, “You’re richer than you think,” a new home may be more affordable than you originally thought.

Perhaps you need only to change your definition of “home” to get into the market.

While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among first-time buyers and empty nesters in the market for new place to call home.

Not only does townhouse and condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s time to move you can often opt to remain in the same neighbourhood, since many communities offer a mix of designs and sizes, which allows families to relocate easily without having to change jobs or schools.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of the price spectrum. This winter, many builders and developers are gearing up for their grand openings and have new communities available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

Susan Legge Editor-in-chief Wall2Wall Media, Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

High performance in lowrise Challenges notwithstanding, there’s no denying the strength of lowrise homes

N

o one can debate the increasing popularity of highrise home options in Ontario over the last 10 years or so. Recent statistics from home building associations in the province illustrate to what degree condos are an increasingly favoured new home choice, due to price point, proximity to amenities and other reasons.

Indeed, many cities are is seeing a shift towards higher-density housing, while lowrise starts are seeing more concentration in surrounding communities. The challenge with lowrise homes is not weakening demand, but rather low levels of supply because of a lack of available land and other regulatory issues.

The net result for lowrise homes is lower levels of supply and higher prices.

Since such issues are not going to be resolved overnight, lowrise opportunities that do come available are usually snapped up by the market. For qualified buyers, this means continuing strong performance of this home type.

Wayne Karl Editor Wall2Wall Media, wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

12 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

Feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 13

DISCOVER THE DIFFERENCE V UE MAKES VAL claridgehomes.com

14

WHEREVER YOU WANT TO LIVE IN OTTAWA, CLARIDGE IS THERE. BRIDLEWOOD TRAILS | KANATA HUNT CLUB FLATS | HUNT CLUB SPRING VALLEY TRAILS | NAVAN ROYAL RIDGE | ORLEANS

SINGLES

BUNGALOWS

WEST POINTE VILLAGE | BARRHAVEN *NEW MODELS NOW OPEN

SUNDANCE | FINDLAY CREEK SUMMERHILL VILLAGE | RIVERSIDE SOUTH

TOWNHOMES

ZEN URBAN FLATS 15

EXCLUSIVE COLLECTION OF 8 EXECUTIVE TOWNHOMES BY THE CANAL! eQ Homes is delighted to offer you this opportunity to be among the very first to purchase Canal East, an exclusive collection of 8 executive townhomes designed by Ottawa’s award-winning Barry J. Hobin & Associates Architects Inc. On a choice, professionally landscaped site, these modern 3-bedroom residences feature expansive floor-to-ceiling windows, open concept kitchens/great rooms, living areas with private balconies, and master bedrooms with rooftop terraces.

Each features 2.5 bathrooms, parking (single car garage), and easy access to Highway 417, shopping, dining and the best of downtown.

From

$

655,000

Be among the First to Purchase these Luxury Townhomes.

For a Private Appointment Call or Visit:

canaleast.ca • 613-697-2990 Prices and specifications are subject to change without notice. E. & O.E. Rendering is artist’s concept.

homes Phase 6, Don’t miss the best lots, build your custom home on a gorgeous treed estate lot.

Book today to ensure we can build your custom home in 2013 WE BUILD CUSTOM HOMES TO SUIT YOUR LIFESTYLE! 150 Day Delivery

At Settlers’ Grant a two storey 2000 sq. ft. custom home will cost approx. $167.00 per sq. ft. and 2000sq. ft bungalows at $170.00 per sq. ft. *lot is not included.

North Gower

416

ars

K To

Rideau River

Our Standards Are High

Our Standard Finishings are other builders’ upgrades; we invite your input throughout the process and expect to see you many times during the Building of Your Home.

Minimum Lot Size Of 1 Acre

With access to 12,000 plans and the technical expertise to customize to your exact specifications, no two homes are alike.

Viewing By Appointment Only Contact George Pollman or Kathleen Pulfer (613) 258-7550

44

South River Rd

Settlers Grant

Kemptville

43

www.settlersgrant.ca

Just South of Ottawa

*price per sq. ft. varies with the size of home.

The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada.

R-2000 is an official trademark of Natural Resources Canada. Used with permission.

17

Room to grow.

Built for real life.

CARDELHOMES.COM

18 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

19

coverstory

Discover Longfields

by Monarch

Coming This Spring to Barrhaven

An exclusive neighbourhood of townhomes and semi-detached homes 20 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

B

ounded to the north by the Greenbelt and to the east by the Rideau River, Barrhaven is a growing Ottawa neighbourhood fused together by lush, natural surroundings. Monarch’s Longfields community will be a testament to the idyllic landscape, creating a living environment that offers residents the best of the city, with exceptional greenspace and parkland available year round to experience and explore.

Find your haven Exceptional and exclusive, the Longfields community will be rich with beautiful new home designs set in a quiet family neighbourhood, intermixed with charming streetscapes, greenspace, fabulous amenities and shopping

monarch

Longfields

nearby. The area will offer residents’ excellent schools, the convenience of easy access to major routes and local transportation and just minutes to Fallowfield Station.

Savour the selection Longfields will provide an enriched selection of townhome and semi-detached home designs, with floorplans ranging up to 2,251 sq. ft., including a finished recreation room on the lower level. The spacious two-storey, three-bedroom designs will be available with both single- and double-car attached and detached garages.

The innovative garage design places the carport off the rear laneway, reducing the visual prominence of the garage on the front of the home. Working in partnership with the City, the urban-infused design creates an attractive streetscape and results in beautiful front exteriors with more windows and natural light.

Register today Register today at monarchgroup.net and stay up to date on everything Longfields, Ottawa’s next great neighbourhood.

Always home with Monarch Headquartered in Toronto, Monarch has consistently been recognized in the homebuilding industry and by its customers for superior quality and outstanding customer satisfaction for nearly 100 years. Monarch operates in Ontario, where the company builds and develops single-family detached and attached homes in Toronto and Ottawa and builds highrise condominiums in the Greater Toronto Area. Monarch serves a wide segment of homebuyers through its innovative product mix that emphasizes exceptional style, design, quality and livability.

Monarch, combined with its U.S. affiliate, Taylor Morrison, is the largest North American privately-owned homebuilder as reported by Hanley Wood based on 2011

revenues. Headquartered in Scottsdale, Ariz., Taylor Morrison is a builder and developer of single-family detached and attached homes and operates in Arizona, California, Colorado, Florida and Texas.

Visit us at monarchgroup.net Tweet us @monarch_group Join the conversation at facebook.com/monarchcorp

feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 21

22 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

spotlight on condos

Eastern Edition February 9 - 23, 2013

The Slater

by BROCCOLINI CONSTRUCTION INC.

Your Pull-Out Guide to highrise, conversion, loft, terrace & townhome condo projects

C2

spotlight on condos

JUST LIKE YOUR LIFE NOW. BUT WITH A CONCIERGE. And a fitness centre.

And an executive boardroom.

And an electric car charging station.

AND A WHOLE LOT MORE. Who says you have to downsize when you move to a condo?

Learn more about our amenities and the luxury lifestyle you could be living at Cathedral Hill.

Visit our sales centre at 440 Sparks St.

CATHEDRALHILL.CA | 613.566.7010

Step out of the current and into The Eddy — six storeys of green, urban condos that set new standards for architecture, design and smart, healthy living.

Visit our sales centre at 1000 Wellington St. W.

THEEDDY.CA | 613.701.0600

spotlight on condos

WE’RE LOWERING THE SKYLINE. AND RAISING THE BAR.

C3

C4

spotlight on condos

n e ke as t es ee e i w el su is r m e th e w r i n p f o

d

MORE THAN AN ADDRESS

The Slater is the place to call home at the centre of it all! Exceptional living steps from Parliament Hill, the Parliamentary Precinct and the Central Business District. The Slater has something for everyone, from One Bedroom suites with Peace Tower views to luxurious Two-storey Penthouses overlooking the city!

now open - come see our stunning model suite

CONDOMINIUM&HOTEL

SOPHISTICATED LIVING FROM $199,900 — THESLATER.CA 613.230.0199 Presentation Centre at 199 Slater Street (between bank and o’connor) Mon & Tues 12-6pm • Wed & Thurs 11-7pm • Friday 12-6pm • Saturday 12-5pm

BROCCOlini construction • richard chmiel architect & associates • bennett property shop realty • ii by iv interiors RENDERING is AN ARTIST’S IMPRESSION. PRICES, SIZES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E.&O.E.

spotlight on condos

MORE THAN AN ADDRESS

C5

spotlight on condos C6

The Slater More than an Address

A

re you searching for prime real estate only steps away from Parliament Hill, with stunning views of the City Skyline? Bennett Property Shop Realty, in conjunction with Broccolini, is pleased to announce the only new condo development in the downtown core: The Slater – Ottawa’s ultimate downtown condo lifestyle.

Located at 199 Slater St. in Ottawa’s Central Business District, The Slater is Ottawa’s new “it” address. As the first residential building on Slater St., this luxurious 22-storey highrise is the perfect adaptation of classic modernist design. The Slater is an intricately inspired mix of retro meets modernist style. The black and white exterior is classically chic, yet bold and commanding. This is the ideal address for young and trendy professionals who want to live in the heart of it all.

This luxury highrise is located in the heart of downtown Ottawa, only steps away from shops, restaurants and the nightlife on Bank St. A quick bike ride away from the Rideau Canal, it neighbours Parliament Hill, Sparks St, the Rideau Centre and the National Arts Centre. The Slater is more than simply a home; with the purchase of one of these

gorgeous condos, you are investing in a new lifestyle – one that prioritizes style and beauty.

Come and experience the magnificence of each of the 179 chic-modern condos for sale. You will admire the spacious and openconcept living space, the modern-trendy kitchens, the sleek hardwood flooring and the abundance of natural light. Entertain family and friends in the private formal dining room, or sit and enjoy the ambiance of The Slater club complete with two marble double sided fireplaces and conversation areas, or for a more casual event make use of the games room and private theatre. You can also move your party outdoors to The Slater terrace and enjoy an al fresco dining experience or relax in the outdoor hot tub while enjoying breathtaking views of the city. With onsite concierge services, all of your needs will be taken care of so you can enjoy the worry free condo lifestyle.

The Slater floorplans range from efficient studio condos to fabulous two-storey penthouse suites, offering a little something for everyone. As soon as you step into the lobby, you will recognize the level of care invested in every detail in this building. The trendy, elegant flare of the interior has been

created by IIBYIV interior design. This internationally recognized design firm’s passion for combining creativity with practical use is evident at The Slater.

With the recent announcement of a new release of floorplans, prospective buyers area anxiously waiting to be a part of the 2013 VIP launch. The Slater was Ottawa’s fastest selling highrise development in downtown Ottawa. When the doors opened and the registrants walked through the presentation centre in November, prospective buyers could not believe the high level of finishings and the choice of suites and the value and pricing. It is no wonder that within hours over 70 suites were sold.

The Slater has already become the most popular condo building and it is now considered to be the hottest and trendiest place to be. Come see why The Slater has received such rave reviews. Discover the difference at The Slater. If you are a connoisseur of fine things and can appreciate great value and design The Slater is a must-see for you.

Style and modern charm were both essential elements for the Broccolini team when planning The Slater. Since 1949, the Broccolini family has worked diligently to create structures that the family could be proud of. This family company strongly believes when you build great buildings, you also build great relationships – that is “The Broccolini Way.” The Slater delivers a fresh urban living experience for the young professional in search of a modern and stylish place to call home. Starting as low as $199,900, it has never been so easy or so affordable to purchase your new luxury home in the heart of the business district.

Don’t miss out on your opportunity to buy a condo in the building that will soon be the talk of the town.

These new floorplans will not last long! For more information on The Slater, please visit the website at theslater.ca or call 613.230.0199. The beautifully designed sales centre and model suite is now open for viewing.

More than an address: The Slater.

BROCCOLINI CONSTRUCTION INC. The Slater

Location Ottawa housing type Studios, 1 & 2 bedroom condos and twostorey Penthouses sales office 199 Slater Street between Bank and O’Connor contact 613.230.0199 theslater.ca feb 9 - 23, 2013 | New home & Condo guide eastern Ontario C7

You’ve never seen anything like it, and it’s how you want to live now.

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We’re Underway!

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feature

Starwood Mastercraft sets the standard at

SoHo Champagne

S

tarwood Mastercraft, the developer estimated to have its first passenger in four years. The impact this new of Toronto’s finest boutique hotel, public transit system will have on its neighbours is three-fold: not only The SoHo Metropolitan Hotel, and will it reduce traffic congestion and increase the efficiency of travel to Toronto’s first five-star hotel, The Hazelton Ottawa’s downtown core, but according to a report by Don Campbell, Hotel, introduced Ottawa to its first hotel- one of Canada’s leading investing real estate forecasters and founding inspired condominium in 2009, redefining partner of the Real Estate Investment Network, neighbouring properties the expectations of condo buyers in the closest to the stations, such as SoHo Champagne, could see their property national capital region. The company has values increase by as much as 20 per cent. done it again with its latest project – SoHo Despite being over 80 per cent sold, SoHo Champagne still has some Champagne – located in the heart of one fantastic opportunities remaining. Whether you’re in the market for a of Ottawa’s most sought-after spacious two-bedroom-plus-den suite or an efficient one-bedroom condo, neighbourhoods, Little Italy. or something in between, SoHo Champagne offers something for everyone’s Located one block west of the iconic taste. To further entice potential buyers, limited-time promotions are Preston St. and beside the site of the new available to enhance your purchase – contact the sales centre for details Hickory St. bridge, SoHo Champagne will about the extended deposit promotion or the $5,000 deposit promotion, be ideally situated steps away from the available for first-time homebuyers. existing O-Train Carling station. Residents Two residential towers will overlook Dow’s Lake and its water activities. of SoHo Champagne will be a short train At the ground level, a collection of townhomes overlooking the linear ride from the new $2-billion Confederation park will offer penthouse quality finishes. Each tower will feature oneLine – a light rail public transportation bedroom, one-bedroom-plus-den, two-bedroom and two-bedroom-plussystem connecting East and West Ottawa, den plans, with penthouses featuring two bedrooms and wrap-around

C16 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

starwood mastercraft SoHo Champagne

location Ottawa housing type Condos and townhomes from $278,000 to $2.2 million sales centre 111 Champagne Ave. S. contact 613.798.7646 | sohochampagne.com

terraces. It’s just steps away from dozens of restaurants in Little Italy and nearby Chinatown, as well as other gourmet tastes from around the world, as well as Preston Street, which is becoming a lively commercial corridor. A podium will unite the two buildings and house the offices and work areas of the hotel-trained concierge, providing residents with a level of personalized care and service unmatched by other Ottawa condominiums.

Like its sister developments, SoHo Lisgar and SoHo Parkway, award-winning architect Roderick Lahey has designed these twin towers and towns. Once again, the Brian Gluckstein design team has re-established its high standards and protocols previously reserved for luxury boutique hotels.

The entrance to SoHo features a hotel-like drop-off to the front door with its 16-ft. SoHo granite wall, a canopy and security desk in the entry foyer. Gluckstein has designed the 16-ft.-high lobby to luxury hotel standards with marble floors and elevator walls clad in marble. A concierge desk in the lobby and the SoHo Champagne Club all feature 16-ft. ceiling heights with a library, lounge, bar, private dining area, fireplace, wine-tasting room and private screening room.

The second floor features a Dalton Brown gym with access to an outdoor terrace. Steam rooms and washrooms are adjacent to the gym.

Each of the earth’s four elements will be represented in the indoor and outdoor Gluckstein designed common space – an amazing 15,000 sq. ft. This area includes a third-floor landscaped terrace and gardens with raised infinity style hot tub, 60-ft. lap pool, fireplace and outdoor kitchen. Host a dinner in the private dining room, watch a movie or sports event in the private screening room or visit the wine room.

Each floorplan has been designed by Gluckstein to accommodate fine furnishings of every taste and temperament. Suites up to 22 ft. in width, unheard of in condominium living, will appear to be floating on air with floor-to-ceiling, wall-to-wall windows absorbing the surrounding views. Each suite will be invested with the same high quality materials and standards demanded by elite clients who desire living spaces equivalent to the comfort of expensive homes. You’ll find nine-ft. ceilings – 10-ft. ceilings in the penthouse suites – marble bathrooms with large shower stalls and a rain showerhead. Kitchens will be designed with the fine cabinetry found on a yacht or private jet, with an island and integrated European appliances concealed behind lacquered doors and the features and fixtures you’d find in the finest homes.

Just imagine what it would be like to live in a condominium where every intricate detail has been designed to awaken your sense of style, while simultaneously satiating your desire for comfort.

Visit the sales presentation gallery Monday to Thursday noon to 6 p.m., weekends noon to 5 p.m. feb 9 - 23, 2013 | New home & Condo guide eastern Ontario C17

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homesmarts

Luxury optional:

When should you spring for the builder upgrade?

by Marnie Bennett

It’s always interesting to watch new-home buyers as they

choose their upgrades. Naturally, they’re excited about this chance to customize their homes. Some throw caution to the wind, exceeding their budgets by thousands, while others are determined not to go a penny over. Whatever your personality type, the ability to prioritize is key.

Now, the types of upgrades available to you will depend largely on your builder. Among the most popular options are hardwood floors, finished basements and gas fireplaces. (In more exclusive communities, these Mosaic tile backsplashes, may be considered standard granite countertops, features.) Upgrades can be as elegant lighting fixtures, modest as a soft-close toilet closet organizers, rain seat or as dramatic as a coffered showerheads... the list goes ceiling. You may have the on and on. opportunity to select crown moulding and taller baseboards or high-end appliances, custom cabinetry and top-of-the-line hardware. Mosaic tile backsplashes, granite countertops, elegant lighting fixtures, closet organizers, rain showerheads... the list goes on and on.

As you can imagine, it’s enough to set your head spinning.

So, which features should make the final cut? Consider the following:

Write down every option that appeals to you, and then rank them from most to least important.

Which upgrades will have the most impact on your quality of life?

C22 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

Marnie Bennett is the marketing consultant 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

You may be surprised to find that sometimes it’s not the most expensive items that matter most to you: some people get more excited about a kitchen recycling centre than they do about a bathroom clad in marble.

Which make the most sense from an

While it’s hard to imagine selling a home that isn’t even built yet, there will come a day when you’ll want your home to appeal to buyers. Money spent on solid gold bathroom faucets will not be recouped, I promise you. Hardwood floors, on the other hand, tend to be a crowd-pleaser.

investment point of view?

Which can be easily postponed for a

If you’re still having trouble allocating your budget, opt for the upgrades that are most technically difficult to install. Gas fireplaces, for instance, are a good feature to install right off the bat, while cabinet hardware can easily be replaced at a later date.

While I wouldn’t advise to splurge on every bell and whistle, the right touches will make your home feel as special as you are. Like so much in life, it’s about striking the right balance. couple of years?

IT’S ALL HERE

Condos still available starting at $301,900

Learn more at lansdowne.minto.com Sales Centre: 5th Avenue Court 831 Bank Street 613 788 2784

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A new way of living is coming to Ottawa. Picture an active, authentic neighbourhood experience, right in the middle of a renowned landmark. You’re surrounded by excitement. You’re steps from the best restaurants and cafés. There’s something to do everywhere you go, and something to see wherever you look. With a collection of condominium suites and spectacular views, you’ve got a new place to call home.

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taxmatters

Canadians struggle to address

children’s education, aging parents and own retirement needs: RBC poll Canadians (aged 18 to 54) are concerned that their

ability to save for retirement will be impaired both by saving for their children’s education (48 per cent) and by taking care of their aging parents (36 per cent), according to the 23rd Annual RBC RRSP Poll.

Despite the potential strain of these family priorities on their retirement savings, more than half (57 per cent) of Canadians aged 18 to 54 say their parents’ retirement experience has shaped their expectations of retirement.

“While Canadians may see their parents’ retirement experience as a model for what to expect, the reality is that their retirement may not be the same, particularly if they are part of the sandwich generation with both aging parents and school age children,” says Amalia Costa, head, retirement strategies, RBC. “Canadians know that juggling competing financial priorities creates enormous strain on both time and money. A financial advisor can make it easier to develop a retirement plan to balance your financial commitments and family life.”

Retirement will likely look different for the next generation of retirees, as employer-sponsored pension plans become more rare. The RBC poll found that one-quarter (26 per cent) of Canadians (aged 18 to 54) expect a pension income from an employer to be their primary source of income in retirement and, similarly, fewer than one-in-five (18 per cent) of them have a defined benefit pension plan.

“The growing demands on time and money can make meeting retirement goals a challenge, but Canadians don’t have to do this on their own,” adds Costa. “Taking the time to meet with a financial advisor is one of the best investments you can make in your financial future. An advisor can help review your financial priorities; understand your income sources and your savings and investment options – all to help make your retirement goals a reality.”

24 New home guide GTA | february 2 - 16, 2013

Costa provides the following practical advice to help you live for today and save for tomorrow: » Show me the money: Look for hidden sources of contribution funds. If you have debt, take advantage of lower interest rates to reduce your overall borrowing costs and free up some of your monthly cash flow. For example, you can do this by consolidating higher interest credit card balances into a loan or home equity line with a lower interest rate. » Automate your savings habit: Get into the good savings habit of paying yourself first by setting up an automatic contribution plan to coincide with your payroll deposit. The funds will come off the top and are often not missed. » Start thinking about your retirement income plan: If you are within a few years of retirement, switch your focus to establishing your retirement income plan. Translate your vision for the lifestyle you want in your retirement into financial requirements and work with an advisor to learn about your new sources of retirement income and how these will fund your new lifestyle.

Unique in Westboro Have you dreamed of living in a gracious brownstone townhome, in a lovely old neighbourhood, surrounded by families and retirees and young professionals? Have you wished for something in Westboro, but without the old house hassle? Have you wanted to stroll along quiet tree-lined streets until you come to the old church, and your home?

Barry J. Hobin & Associates Architects Inc.

Artist’s Concept

Ravenhill Common A private enclave of 19 freehold towns designed

by Barry J. Hobin & Associates Architects Inc. will create a striking harmony of heritage and contemporary design.

Located just two blocks from the heart of Westboro, these stunning open concept two- and three-bedroom homes range in size from 1,360 to 1,930 sq. ft. and include such features as direct access from underground garage, two-storey galleries and open lofts, private rear terraces and roof-top decks.

50% sold! Choice locations still available. Prices from $599,400.

Spring 2014 occupancy.

Sales Centre and Decorated Model 461 Edison Avenue ravenhillcommon.com Monday to Wednesday Noon to 7 p.m.

Weekends and holidays Noon to 5 p.m.

Thursday and Friday Closed ND

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Feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 25

quicktips

Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host, author and owner of We Organize U. Visit her website, weorganizeu.com, for a free e-Book on how to find more time, energy and inner peace. Contact Hellen at 905.829.2219 or info@weorganizeu.com

the impact of

stuff

by Hellen Buttigieg Everything around you has an impact on you

whether you realize it or not. When you create and develop your décor, you are trying to set the tone of the room – give it a certain look and feel. You take time to include pieces you like and enjoy, whether they are part of the design or part of the function of the room. But other pieces make their way into your space, even though they may not belong there or may be there for the wrong reasons. By organizing, de-cluttering and streamlining, you can make sure your environment has the right effect!

Is clutter getting you down? Surrounding ourselves with items that mean something to us brings pleasure.

And then there’s all the other stuff. Often, when we feel down but can’t figure out why, it could be the clutter. Even if it’s stuffed in the back of the closet, the basement or the garage, you know it’s there.

Every item holds a vibrational energy; if you’ve buried sad reminders of disappointments from your past, know that as long as you keep these emotionally toxic things in your space, they are still haunting you. Break free from the past and make space for new opportunities to come into your life. If it’s in storage and bringing you sorrow, now is a great time to let it go. Out with the old, in with the new!

26 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

Eliminate your clutter hot spots We all have certain spots in our homes that have become magnets for clutter, usually because they provide a convenient, empty, flat surface to pile things on. Walk around your home to determine where the clutter hot spots are, then remove the clutter (toss it in a box or laundry basket for now) and put something beautiful in its place, like a vase or a sculpture. If it’s the dining room table, set it as if you were having a dinner party. This will deter you from using it as a drop zone. Walk around your home with the box you tossed everything into and deposit these items where they belong, either in the garbage or recycle box or stored elsewhere in your house. If they don’t have a proper home, create one.

Detaching from sentimental attachment Things that have a story attached to them are often difficult to let go of because of the sentimental attachment. Keep in mind that the item is not the memory; it simply triggers the memory. It may be beneficial to take a picture of the item and put it in a scrapbook or photo album with a short note telling its story. That way, the memory is preserved without taking up as much space. Another option is to pass along the items to a family member who could put them to good use.

Daily de-clutter habit You brush your teeth every day.

You shower every day. Why not de-clutter every day too?

Make it a habit, just like the examples I gave, and it will become second-nature. Throughout the day, when you pull something out, take a moment to put it back when you are finished with it. At the end of the day, take a couple of minutes to do a “clean sweep” of your home and put away anything that is out of place. Keep a sticky note somewhere on your way to your bedroom to remind you for the first little while. After doing it for a month, you can take the note down because it will have become a habit – one that will serve you beautifully for the rest of your life. This simple practice can help you cut down on clutter without taking a lot of time and effort.

Feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 27

trendspotting

1

tasteful displays PUTTING THINGS AWAY OUT IN THE OPEN IS THE LATEST IN KITCHEN COUTURE. OPEN SHELVING AND COUNTERTOP STORAGE DEMAND STYLISH JARS AND COORDINATED CANISTERS. OPAQUE CONTAINERS ADD POPS OF COLOUR WHILE CLEAR GLASS ALLOWS YOU TO SHOWCASE YOUR INGREDIENTS. by elisa krovblit

2

4

3 5

6

7

1 ‘Sugar’ ‘Coffee’ & ‘Tea’ storage jars. $39.50 each. Visit chapters.indigo.ca 2 Vintage Hungarian mason jars, $79 to $139. visit restorationhardware.com 3 Le Parfait jars .5L to 1.5L $7.95 to $9.95. Visit crateandbarrel.com 4 Stainless steel canisters 20 oz. to 58 oz. from $9.99. Visit canadiantire.ca 5 DROPPAR jars .9L to 3.5L $4.99 to $9.99. Visit ikea.ca 6 Le Creuset enameled stoneware canisters $65 to $190. Visit williams-sonoma.ca 7 Antique-silver glass canisters 9 in. to 14.5 in. from $77. Visit Potterybarn.ca

28 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

29

moneymatters

12 steps to getting

financially organized by gail vaz-oxlade SET-UP 1 | Gather all your paperwork. Create a file folder for each of the following: ›› Chequing accounts ›› Savings accounts ›› Retirement accounts ›› Investment accounts ›› Credit card accounts ›› Loans ›› Personal lines of credit ›› Mortgage ›› Insurance: life, disability, health, critical illness, home, car ›› Tax returns ›› Estate: wills and powers of attorney 2 | Welcome to 21st century banking If you don’t already have it, set up telephone or Internet banking for your accounts.

30 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

3 | Reduce fees by setting up a buffer If you can afford it, transfer $1,000 float to your chequing account (pretend it isn’t there) and use that to minimize your banking costs.

4 | Save automatically Create an auto-debit from your chequing account to a savings account that will not be touched. Most people won’t put money into a savings account on a regular basis, opting to wait for a tax-refund or bonus before setting aside some money for the future. Establish an automatic savings deposit every month and your nest egg will accumulate faster than you think.

5 | Create a monthly bill summary List your bills in the date order they need to be paid to prevent you from missing a bill. If you have bills that are paid automatically from your account, write an “A”

beside these bills and remember to deduct them from your spending journal at bill payment time each month.

6 | Set up your in baskets Create an in basket with two bill folders labelled “1-15” and “16-31.” When a bill comes in, look at the due date and put the bill it in the appropriate folder. Recycle all the marketing crap in the envelope. Create a second in-basket with three folders labelled “bank statements”, “bills paid” and “tax receipts.”

Weekly 7 | Make a date with your money On the 12th and 28th of each month, set aside the time in your schedule – you’ll need about 30 minutes – to pay your bills.

Always pay your bills in one place – a place that you’ve equipped with the following: your bill paying system, a spending journal, envelopes, stamps, pens, pencils, a calculator, tape, a stapler, return address labels and a recycling bin.

When you pay a bill, write the cheque or transaction number, amount paid and the date you paid it on the bill. Put the paid bill in your “Bills Paid” file. Deduct the amount you’ve spent from your spending journal. If a bill has not been paid in full (tax bills are paid over several months, for example) put it back in your folder so you don’t forget it.

Monthly 8 | Reconcile your bank statements When your bank statements come in, put them in your inbox folder. Make a date when all your statements are in (it will depend on when you receive them) to: ›› Review your statements to make sure there are no mistakes

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

›› Reconcile your spending register; clearly mark the cheques that have been returned to you and highlight the ones in your spending register that haven’t yet cleared the bank. A cheque that takes a long time to clear in the bank can lull you into thinking you have more money than you do. Go back at least a month to make sure all previous cheques have cleared. ›› Talk about anything unusual Quarterly 9 | File Once a quarter, file all of your paperwork to keep your system current.

10 | Talk Have dinner with your business partner and talk about the bumps, your goals and how you’re doing.

Annually 11 | Revamp your budget Review your budget using last year’s credit card and bank statements to see what you actually spent. If you spent more on a particular category, make sure you know why or look for ways to trim.

12 | Clean up Go through your files at the end of each year and throw out bills and receipts no longer needed for auditing/ budgeting purposes.

Most people won’t put money into a savings account on a regular basis, opting to wait for a tax refund or bonus before setting aside some money for the future. Establish an automatic savings deposit every month and your nest egg will accumulate faster than you think.

feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 31

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32 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

fundamentallyspeaking

Planning to buy new?

Now is a good time 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@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

seriously challenging the vitality of the you’ve heard this adage, originally a quote from Mark Twain, but what lowrise sector, as well as housing choice you may not realize is just how prophetic the sentiment has become, for the new-home buyer.” particularly when it comes to the home building industry.

The issue is not exclusive to Toronto.

A review of 2012 sales from home building associations provides some Tuckey and Deveaux’s counterparts in insight into how policy issues are affecting the market. Specifically, it Ottawa, Hamilton and elsewhere in the underlines how challenging land availability is becoming for developers province are citing similar challenges.

– and, though they may not realize it yet – for consumers.

One Ontario builder recently recounted A recent conversation with a prospective new-home buyer illustrates a story about how one municipality was the point from the latter’s perspective. John Brown (not his real name) instituting at 125-per-cent increase in was discussing his plans to buy a new lowrise home and, after reading development charges – yes, 125 per cent reports that “the housing market is slowing,” he said he decided to wait, – as the city in question (and others across until, in his words, “prices come down some more.” the province) tries to improve on decadesWell, John, prices may indeed dip in some areas and in some housing old infrastructure. The company saw categories, but your generalization that new lowrise home prices are talking the municipality down to only a going to come down across the board is not entirely accurate.

100-per-cent increase as a major victory.

Perpetuating a common misconception, John fails to differentiate The net effect of this action is that each the new home market from resale. Generally, the two are very different, homesite in the proposed development and the factors that influence each are distinct. begins at $65,000 – before a shovel even Now is still a good time to buy a new home – and here’s why. hits the ground.

In many parts of Ontario, the issue affecting new home sales is not What affects new home prices more the “slowing market,” rather land supply and other challenges specific than market conditions is hard costs – land, to the home building industry. materials, trades and development fees – The results speak for themselves. Lowrise new home sales and supply and none of those is going down. are down. Prices, meanwhile, are up – great for people who’ve already If you’re lucky, you may find a builder bought new homes, but less so for prospective buyers on the new-home selling off remaining lots in a community hunt now. by offering incentives such as upgrades to standard features, credits in décor What’s affecting supply to such an extent? centres or design services – or slight In Toronto, for example, Building Industry and Land Development discounts off inventory. But developers are Association (BILD) president and CEO Bryan Tuckey explains that “The more likely to delay a project launch, rather decline in lowrise sales is a direct result of provincial public policy that than lower prices. has encouraged intensification in existing communities and constrained So, John and other prospective newland supply in the regions surrounding the city of Toronto.” home buyers – there’s no need to wait. If Adds BILD First Vice-Chair Steve Deveaux: “Governments must you’re financially prepared (and the Bank acknowledge that the constraints being placed on the market, particularly of Canada recently, once again, announced in the lowrise sector, are having dire results. Land constraints, regulatory it was holding interest rates), now is a good requirements and a complex approval process fraught with delays are time to buy.

“Buy land, they’re not making it anymore.” No doubt

Feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 33

themortgageminute

Why real estate investing still makes sense by peter kinch A new year has begun and you’re analyzing your finances,

planning for the future and wondering where you can get the best return on your money. As we approach another tax season, you’ll be inundated with multiple mutual fund companies promoting the tax advantages of parking your RSP money with them. You’ll wonder about the stock market and the ongoing global issues. You’ll start to look at hard assets such as gold or precious medals. And, of course, you’ll look at real estate. The hard question is, which vehicle will produce the best results? My answer to this question will always be the same: the action is dictated by the goal.

First and foremost, it is important to understand that all of the above options are simply vehicles designed to accomplish an end result. The first step is to determine what that desired end result is, and then ask yourself, which vehicle will move me closer to that goal? You may have a variety of arguments or reasons to choose one vehicle over another, but here are four reasons why you may want to consider real estate as your investment vehicle of choice, along with one caution:

On the surface, the first investor had an investment that outperformed our real estate investor by four times, but actually made less money due to the fact that it wasn’t leveraged.

That’s the power of leverage. The key is to understand that it can also go the other way – and that is the importance of having a long-term strategy and investing in areas with strong fundamentals and good cash flow.

1 The power of leverage Leverage is a tool that can work for you or against you, but there is no denying 2 Interest rates the fact that it is a very powerful tool. Let’s take the example of two investors Two keys to being able to develop sitting on $100,000 cash. a successful real estate portfolio ›› One investor chooses to put their capital into either the stock market or are affordability and cash flow, and precious metals. If they spend $100,000 – they receive in return $100,000 an underlying fundamental to both in either stock or a precious metal asset. If their investment were to of those is the rate you pay for increase (perform) at a rate of 20 per cent over the course of a year borrowing money. (although I don’t presently know of any funds offering that return) their The good news for Canadian investment of $100,000 would produce a $20,000 return. investors in 2013 is that we still have ›› The other investor chooses to use her $100,000 cash as a 20-per-cent down low interest rates. payment and purchase a $500,000 Due to the ongoing global credit property in an area that has good issues, the Bank of Canada (BoC) Two keys to being able has indicated its intent to keep rates economic fundamentals and produces a positive cash flow every to develop a successful low through to 2013. But it is month. Let’s assume that this important to note that the BoC can real estate portfolio property increases by only five per only influence the prime lending rate are affordability and cent over the course of the year.

– which is used to determine your cash flow, and an That would make the value of the variable rate mortgage. property $525,000 – effectively a It is important for consumers to underlying fundamental $25,000 increase in your asset remember that the fixed rates are to both of those is the governed by the bond market and that value – not including the amount rate you pay for of debt reduction or positive cash although the BoC has indicated it borrowing money. flow over the course of the year. does not intend to increase the prime 34 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

lending rate, that does not guarantee that long-term rates will not rise in the meantime. A return of money to the markets will cause a drop in bond pricing followed by an increase in the bond yield, which will result in an increase in long-term rates even if the BoC leaves prime unchanged.

A further threat to low interest rates is that even though we will not likely see a rise in prime, we have already seen the disappearance of the discount on variable-rate mortgages. Due to a lack of liquidity in the global markets, the cost of borrowing has increased for lenders. As such, variable-rate mortgages are less profitable and they have cut back on the discounts they offer. The net result for borrowers is that the amount you pay on a variable mortgage is not as attractive as it was a year ago.

Having said that, we need to be very clear that even without a discount, a prime lending rate at or about three per cent is ridiculously cheap and allows for great investment opportunities. There are multiple opportunities within the Canadian marketplace that can create positive cash flow as long as the interest rates are below four per cent and you can easily get a five-year term today well below four per cent, so the ability to get a cash-flowing property and lock that in for five years will be as good in 2012 as it’s ever been.

3 Seeking safe harbours There is no such thing As the global financial markets as a Canadian real continue going through more drama estate market – it is than a daytime television show, the fallout is consumer angst resulting regional. You can have in low consumer confidence. solid fundamentals in When consumers lack confidence, they tend not to make big-ticket one town, while another within 100 kilometres purchases. Real estate is obviously one of those items and this alone could have an economy could result in a slight drop in solely based on exports market values. However, it is the to the U.S. exact same angst and fear that drive consumers to seek out safe harbours in a storm, placing their money in areas perceived as protected from the roller-coaster that the stock market has become. This is the reason we have seen records in the price of gold. Investors are speaking with their pocketbooks and saying loud and clear that they are losing confidence in the market and want a tangible asset that they can own and hold. What could be more tangible than real estate and if you were looking for a safe harbour in real estate, which country would you invest in?

Canada has been seen globally as one of the few countries to have survived the last global recession relatively unscathed. In fact, our banking system and domestic economy have become the envy of the world.

4 Sound economic fundamentals Regardless of where you buy real estate, you should make your purchase based on sound economic fundamentals. There is no such thing as a Canadian real estate market – it is regional. You can have solid fundamentals in one town, while another within 100 kilometres could have an economy based solely on exports to the U.S. I expect the U.S. to be hit harder by the fallout in Europe, but that will impact only regional Canadian economies that depend on trade with the U.S.

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

Although we are still largely an export-dependent country, there are a lot of regional pockets that have a strong domestic economy and are expected to grow in spite of global issues. Look for strong GDP growth, followed by strong employment numbers which in turn brings a strong tenant base. A strong tenant base combined with low interest rates creates the opportunity for positive cash-flowing properties. And if the property flows cash in good times and in bad, you need not worry about potential for values to fall or bubbles to burst.

The value of your property the day after you buy it is irrelevant until the day you go to sell it. If you are purchasing investment real estate with a long-term buy-and-hold philosophy, and you have purchased in an area that gives you positive cash flow, then you don’t need to worry about the hype in the headlines regarding property values.

Just focus on letting your tenants pay off the mortgage over time and enjoy the cash flow when you have a free and clear asset.

So, as you look at your financial options for the year, ask yourself first and foremost: What results do I need from my investments, Then analyze your options in the context of your goals. If you choose real estate, simply stick to the fundamentals, take action while others worry over headlines, take advantage of low rates and use leverage wisely. Invest and don’t speculate, and both you and your children will be glad you did in the years to come. Happy investing!

feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 35

ottawa

hot sheet

Ottawa Eastern Ontario Gatineau Regions

ashcroft Homes Central Park • the next You want to live where downtown spirit meets community character.

Where your prime location is your pathway to the best of Ottawa. Where bountiful greenspace blends naturally into your day. Where smart design shapes the experience outside and in. Where everything just clicks. The Next brings it all together – brilliantly. 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. It’s a marvel of community planning and building design, highlighted by inviting courtyards and communal spaces, and a grand centrepiece in Abbey Court, the upscale dining, shopping and leisure destination. 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 CARDEL HOMES KoL CONDO • Blackstone New condos coming soon in Blackstone! We’re excited to bring a sleek collection of modern condos to, Kanata’s newest master-planned community, Blackstone. Featuring top-quality finishes in a contemporary building, KoL at Blackstone will offer the best of low-maintenance living. Register today to receive updates on this exciting new community. cardelhomes.com LONGFIELDS • Barrhaven New community coming soon In Barrhaven! Featuring new home design surrounded by greenspace with quick access to shops, services, recreation and schools. Register today to receive updates on this exciting new community, coming soon. cardelhomes.com Cartier wellington Gatineau • Cartier wellington A striking new landmark exterior composed of metal, glass and masonry built to rigid LEED ecological standards, contemporary architecture offers you energy efficient, ecological and innovative 14-storey modern structure. Huge windows engineered for thermal efficiency give abundant natural light in every living space. Already 50 per cent sold. Preconstruction pricing still in effect! cartierwellington.ca Construction Chabitat Gatineau • Les Vieux Moulins Our 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 DOMICILE 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

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 EQ Homes Carp • Village Walk Offering bungalow townhomes and bungalow semis. eqhomes.com Ottawa • Canal East Coming soon – 10 executive townhomes, by the Rideau by EQ Homes.

Designed by Barry Hobin. Located on the corner of Greenfield and Montclam. canaleast.ca KEmptville • eQuinelle & The Legends at eQuinelle Offering: Single-family detached bungalows and condo apartments.

A new adult-lifestyle bungalow townhome model is now open in the master-planned golf-course community of eQuinelle, 15 minutes south of Barrhaven. eqhomes.com

36 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

Kanata • Fernbank Crossing Site location, 5611 Fernbank Rd. Sales trailer location, corner of Tillsonburg and Terry Fox Dr. Opening soon – Fernbank Crossing: an exciting new master-planned community with parks and open greenspace within easy walking distance of shopping. Discover an array of detached bungalows on 42- and 50-ft. lots, as well a limited release of semis.

Contact: sales@fernbankcrossing.com eqhomes.com Kanata • Foxwood Offering condo apartments. eqhomes.com Holitzner Homes Stittsville • Deer Run Final Phase now open – your last opportunity in Stittsville. Your choice of bungalows, main floor master homes and large two-storey homes on beautiful 46- to 50-ft. pie-shaped or wide lots backing onto greenspace.

CARP • HIDDEN LAKE Offering the only large lot development in the West End, this private enclave features award-winning single-family homes, bungalows and twostorey homes built on spacious fully serviced sites surrounded by natural landscaped settings. Greenspace lots are also available with lake views. holitzner.com Holitzner/Tartan Homes Barrhaven • Fraser Fields A new neighbourhood featuring singles and semi-detached homes, located off Strandherd Dr. Close to established parks, schools, amenities and Hwy. 416. holitzner.com, tartanhomes.com LA Group EAST OTTAWA • UPPER EAST SIDE Final block under construction, only 12 executive stacked towns remain.

Prime parkside location still available. June 2012 occupancies.

Call 613-747-8863. uppereastside.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 our ZERO Down Payment Program and Limited Time Bonus Offer! Come tour our Model Home.

206 Fir Lane, Kemptville. 613-366-2007. kemptvillemeadows.ca Lamb Developments OTTAWA • Gotham Coming soon to centretown. gothamottawa.com Larco homes Barrhaven • Longfields Innovative semi-detached and single-family homes in Barrhaven – models now open – watch for ads! larcohomes.com

Central • huntclub • Solera Inventory Sale - Save Thousands. larcohomes.com OTTAWA • Accolade Larco presents Accolade, 23 Upscale Townhomes in Craig Henry form $385,000 Model homes now open! larcohomes.com Les Placements Riviere Gatineau Ottawa • the viu Ultra modern condominium opening. theviu.ca Linden Developments 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 now at distillerywarehouse.com to receive updates and an invitation to the VIP event. Downtown goes Southside!

Call 613-793-5500.

LONGWOOD Deevy’s Homestead Opening Soon • Kanata Adult Lifestyle Attached Bungalow Towns Equestrian Drive in Kanata.

Pre-register now. deevyshomestead.com or call 613-738-1349 for appointment.

HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB We have a new adult lifestyle attached bungalow community coming up in Hunt Club. Coming soon: Adult lifestyle attached bungalows – for priority pre-pegister at: neighbourhoodsofhuntclub.com or call 613-738-1349 for appointment.

ottawa • Sonia by the rideau New 70 Unit Condo in Ottawa East. e-mail d.greene@longwoodbuilders.com

ottawa

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 SOUTH • MONTAGE 36-unit condo building in Ottawa South. Sales centre now open and located at corner of Clementine and Ohio. Call 613-897-0044 or d.greene@longwoodbuilders.com MASTERCRAFT STARWOOD 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. Experience all the fine restaurants and boutique shopping that Little Italy has to offer and pamper yourself with a hotelinspired SoHo Luxury condo. 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 Metric Homes 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.

stittsville • deer run Metric is pleased to introduce one of our five new models the Maplewood 1 modified to our Deer Run community line up. Opening soon. At 3,200 sq. ft. plus open space, this home features a open loft at the second floor, circular staircase, walk in closet in most bedrooms, open to below area, laundry mudroom on main floor. The large kitchen, family room is able to entertain large groups of family or friends. Please visit us at 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.

Minto Landsdowne • Minto A new world of possibilities is opening at the heart of Ottawa.

Centrally located between the Rideau Canal and the beautiful Glebe neighbourhood, Minto@lansdowne is an urban oasis at the heart of a bustling city. An exciting collection of high-rise suites and townhomes on sale this fall. Register today for our exclusive preview at: lansdowne.minto.com Minto/Canderel Westboro • UpperWest This 25-storey distinctive new residence offers stunning condos with the best views in Westboro. Located on the Ottawa River Parkway, UpperWest boasts dramatic, expansive views of greenery, water, the Ottawa skyline and miles of unobstructed scenery. Condo suites and townhomes on sale this fall – register now for an exclusive preview at: liveupperwest.com MONARCH CORP KANATA • BLACKSTONE Executive 46-ft. singles from $439,990. Two-storey townhomes from the high $200,000s. monarchgroup.net

KANATA • Trailwest Executive townhomes from the high $200,000s. monarchgroup.net

NEPEAN • STONEBRIDGE Ottawa’s award-winning golf course community. Luxurious singles from the mid $400,000s. Executive townhomes from the mid $200,000s.

Stacked townhomes from the low $200,000s. Call: 613-692-9284 monarchgroup.net Phoenix Homes 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 settlers’ grant KEMPTVILLE • PHASE 6 Estate lots fully treed with mature maples, birch, spruce, pine and Tamarack Custom built homes starting at $430,000 and premium lots priced for an additional $5,000 to $40,000. admin@settlersgrant.com settlersgrant.ca

hot sheet

SPRINGCRESS WESTBORO • RAVENHILL COMMON 19 Freehold Towns, designed by Barry J. Hobin & Associates Architects Inc., a striking harmony of heritage & contemporary design. Located just 2 blocks from the heart of Westboro, stunning open concept 2 & 3 bedroom homes from 1360 to 1930 sq. ft. feature as direct access from underground parking garage, 2 storey galleries & open lofts, private rear terrace & roof top decks. Get it all, lock and leave lifestyle, steps from all your favourite Westboro shops and restaurants Ravenhill Common, Contemporary Brownstones - 450 Churchill Ave. North, one block south of Byron at Ravenhill Sales Centre and Model now open, entrance from 461 Edison Ave. corner of Ravenhill Prices from $599,400. ravenhillcommon.com Sales info: (613) 825-0080 salesinfo@ravenhillcommon.com TALOS HOMES ARNPRIOR • RIVER RIDGE Single-family homes – Visit our sales centre located at 979 Shefford Rd., Ottawa. Saturday and Sundays from noon to 5 p.m. or anytime by appointment. 613-270-0777. taloshomes.com

Beacon Hill • EUPHORIA TOWNS Freehold townhomes – Visit our sales centre located at 979 Shefford Rd., Ottawa. Saturday and Sundays from noon to 5 p.m. or anytime by appointment. 613-270-0777. taloshomes.com Tamarack Homes Leitrum • Findlay Creek Grand opening! Five new decorated townhome models in Findlay Creek Village. Call 613-247-0081 or visit tamarackhomes.com The slater Broccolini • The Slater • Condominium Amenities: Fitness centre, lounge and dining room, terrace with hot tub and outdoor kitchen, theatre and games room. Interior suite features: kitchen islands are standard, five-ft. glass walk-in shower, stainless steel appliance package, hardwood throughout, quartz counters, nine-ft. ceilings, suites still remaining with views of the Ottawa River. Suites range from studio to two-storey penthouses with private terrace. Starting at $190s. 199 Slater St. Ottawa.

613-230-0199 theslater.ca Uniform Urban Developments 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. urbandale construction Kemptville • Equinelle New 44-ft. lots now released on the golf course. View our two model homes. urbandale.com

Kanata Lake Visit our modern elevations model homes called the Horizon Collection.

Singles and townhome models available for viewing. valecraft Homes 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 WINDMILL DEVELOPMENTS OTTAWA • CATHEDRAL HILL CONDOMINIUMS Ottawa’s newest, most innovative condominiums are located on Sparks Street, west of Bay. With stunning views of the Ottawa River, Gatineau Park and Parliament Hill, these urban condominiums (targeting LEED Gold minimum) combine the vibrancy and convenience of downtown living with the calmness and serenity of a green oasis. For more information and to register, visit cathedralhill.ca or call 613-566-7010.

Hintonburg • The Eddy Step out of the current and into The Eddy – six storeys of green, urban condos built for life in Hintonburg. Featuring a shared rooftop social space, this is the hippest address in Ottawa’s hippest neighbourhood.

The Eddy – by Windmill Development Group, Canada’s greenest developer. Pre-register now at theeddy.ca

feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 37

homebuyers’help

Calculate your mortgage payments interest rate

amortization period

chart figure

example: 5%

25 years

5.82

mortgage amount ÷ 1,000 (mortgage amount $125,000)

125

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

01

05

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.

02

06

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.

03

07

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.

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 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.

38 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

monthly payment

$

Mortgage payment calculation chart %

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

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 feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 39

Builder Name

Site Name

Prices

De t

Location

ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le

advertisers index

Page

WEST Arnprior

Campanale

Riverwood Estates

x

Carp

Holitzner

Hidden Lake

Kanata

Cardel

Blackstone

x

x

x

Inquire

22

x

Inquire

2

x

Inquire

8 14, 15

Kanata

Claridge Homes

Bridlewood Trails

x

Inquire

Kanata

Mattamy

Fairwinds

x

x

From $224,990

6, 7

Kanata

Mattamy

Monahan Landing

x

From $222,990

6, 7

Kanata

Monarch

Blackstone

Inquire

4, 5

Kanata

Monarch

Trailwest

Kanata

Phoenix

Fernbank Crossing

Kanata

Tartan

Trailwest

Kanata

Uniform Developments

Richardson Ridge

Kanata

Valecraft

Trailwest

x x

x x

x x

From high $200's

11

From $380,900

43

From low $300's

11

$497,000 From high $200's

9 11

Stittsville

Cardel

Deer Run

x

Inquire

8

Stittsville

Holitzner

Deer Run

x

Inquire

2

Stittsville

Metric

Arbourbrook Estates

x

Inquire

8

Stittsville

Tamarack

Jackson Trails

x

Inquire

BC

Central Craig Henry

Larco

Accolade

x

From $369,000

3

Downtown

Eq Homes

Canal East

x

Inquire

16

Westboro

Springcress

Ravenhill Common

x

From $599,400

25

SOUTH Barhaven

Claridge Homes

West Pointe Village

x

x

Inquire

14, 15

Barrhaven

Campanale

Longfields

x

Inquire

13

Barrhaven

Holitzner

Fraser Fields

x

Inquire

2

Barrhaven

Larco

Longfields

x

Inquire

3

Barrhaven

Mattamy

Half moon Bay

x

Barrhaven

Tamarack

The Meadows

x

Inquire

BC

Findlay Creek

Claridge Homes

Sundance

x

x

Inquire

14, 15

Hunt club

Claridge Homes

Huntclub Flats

x

Inquire

14, 15

Hunt club

Larco

Solera

x

x x

x

x

$219,990

From mid $600,000

6, 7

3

Hunt club

Longwood

Huntclub Bungalows

x

Inquire

19

Kemptville

Settlers' Grant

Settlers' Grant

x

Inquire

17

Leitrim

Tamarack

Findlay Creek

x

x

Inquire

BC

Nepean

Monarch

Stonebridge

x

x

Inquire

4, 5

Nepean

Monarch

The Links

x

Low $200's

4, 5

Richmond

Metric

King's Grant

x

x

Inquire

8

Riverside South

Claridge Homes

Summerhill Village

x

x

Inquire

14, 15

x

Inquire

BC

x

Inquire

31

Findlay Creek

South Ottawa

Prince of Wales on the Rideau

40 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

x

x

South East Ottawa Tamarack Campanale

x

Builder Name

Site Name

Prices

De t

Location

ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le

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Page

EAST Central

Valecraft

Aviation Private

Cumberland

Metric

Camelot Estates

x

Inquire

8

Navan

Claridge Homes

Spring Valley Trails

x

x

x

Inquire

14, 15

Orleans

Claridge Homes

Royal Ridge

x

Inquire

14, 15

Orleans

Metric

Notting Hill

x

Inquire

8

Orleans

Phoenix

Hillside Vista

x

Inquire

23

Orleans

Tamarack

Chaperal

x

Inquire

BC

x

x

x

x

x

x

From $299,900

19

CONDO Central

Ashcroft

Qwest/HotelRe/The Next

x

Inquire

C8

Central

Claridge Homes

Multiple sites

x

Inquire

C12, C13

Central

Domicile

The Kavanaugh

x

From $271,800

C15

Central

Gateway Homes

On Coronation

x

From mid $200's

C10

Central

Minto

Lansdowne

x

From $301,900

C23

Central

Soho Parkway

Soho Champagne

x

Inquire

C18

Central

Soho Parkway

Soho Lisgar

x

Inquire

C2

Downtown

Broccolini Construction

The Slater

x

From $199,900

C5

Downtown

Lamb Developments

Soba

x

From $179,900

C19

Downtown

Richcraft

The Edge

x

From $232,000

C20

Downtown

Richcraft

The Galleria

x

From $276,000

C21

Downtown

Urban Capital

Central 2/ Hideaway

x

Inquire

C11

Downtown

Windmill Developments

Catherdral Hill

x

Inquire

C3

East Ottawa

L.A. Group

Upper East Side

x

Inquire

C9

Hintonburg

Windmill Developments

The Eddy

x

Inquire

C3

Ottawa Central

Urbandale Corporation

99 Parkdale

x

Inquire

C14

Ottawa West

Phoenix

Pointe West

x

From $195,600

C24

West Ottawa

Qualicum

Woods Crossing

x

From $169,000

C4

feb 9 - 23, 2013 | New home & Condo guide eastern Ontario 41

Please see advertisers ads for Site locations

42 New home & Condo guide eastern Ontario | Feb 9 - 23, 2013

7

Darling

17

almonte

west

15

North Gower

richmond

south

29

416

manotick

16

Vernon

Russell

embrun

Iroquois

Morrisburg

31

east

rockland

Morewood

Cardinal

osgoode

greely

Kemptville

Nepean

smith Falls Merrickville

7

Vanier

Cumberland

orleans

CeNtraL gloucester

ottawa

hull

aylmer

gatineau

stittsville Barrhaven

Kanata

Carp

South elmsley

Carleton Place

bathurst

McNab

arnprior

gatiNeau

QueBeC

417

Casselman

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.

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