Eastern Ontario New Home & Condo Guide - Feb 4, 2017

FEB 4 - 18, 2017 VOLUME 17, ISSUE 3, FREE

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EASTERN ONTARIO EDITION

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spotlight on condos

MATTAMY GIVES YOU MORE CHOICE IN TRADITIONS II

U INIU M COMM

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6 WAYS TO REDUCE YOUR MORTGAGE COSTS

UNDERSTANDING THE BASICS OF CONDO OWNERSHIP

BEFORE YOU HIRE A DESIGNER… READ THESE IMPORTANT TIPS!

mintoharmony.com

Coming Spring 2017

Need some Harmony in your life?

Visit our spectacular Show Homes in these Minto communities across the city

Avalon Encore OrlĂŠans

Arcadia Kanata

Living Simplified Find your centre in Minto Harmony – a beautiful collection of contemporary homes located within easy access of transit and shopping, with a new school being built right in the community to serve its residents for years to come.

Single Family Homes and Townhomes available including:

SPRING 2017

| 3 bed. |

2.5 bath.

MONTEREY 1,754 sq. ft.

TOWNHOME

| 3 bed. |

2.5 bath.

STANLEY 2,461 sq. ft.

| 4 bed. |

2.5 bath.

E.&O.E. Renderings are artists’ concept only. Subject to change without notice. 2016.12.12

HYDE 1,690 sq. ft.

Sign up for updates and incentives at

mintoharmony.com

UPGRADE YOUR DREAM HOME ON US WITH AMAZING DESIGN STUDIO CREDITS

STITTSVILLE Townhomes

From $316,990 UP TO $50,000 IN DESIGN STUDIO CREDITS & SAVE UP TO $30,000 ON PREMIUM LOTS

Detached Homes

From $474,990

SALES CENTRE 1879 Stittsville Main Street • 613-435-7171 ELEVATION ‘A’

Townhome, The Monaco ‘A’, 1,867 Sq.Ft. $323,990 Includes: 3 Stainless Steel Appliances & $20,000 at Décor

SALES CENTRE HOURS

Monday - Thursday 1 pm-8 pm; Friday 1 pm-6 pm; Saturday, Sunday and Holidays 11 am-6 pm

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

The Valleyfield Model Home in Half Moon Bay, Barrhaven

38' Home, The Madison ‘A’, 2,027 Sq.Ft. $474,990 Includes: $50,000 at Décor

38' Home, The Chelsea ‘B’, 2,429 Sq.Ft. $497,990 Includes: $50,000 at Décor

38' Home, The Annex ‘A’, 2,621 Sq.Ft. $504,990 Includes: $50,000 at Décor

38' Home, The Soho ‘B’, 2,816 Sq.Ft. $517,990 Includes: $50,000 at Décor

46' Home, The Wynwood ‘A’, 1,971 Sq.Ft. $524,990 46' Home, The Messara ‘A’, 3,293 Sq.Ft. $594,990 Includes: $25,000 at Décor or $25,000 off purchase price

MATTAMYHOMES.COM

Exclusive Zen Urban Flats Deal your new Zen Urban Flat when you SAVE $10,000 on purchase and close before JUNE 2017!

Living At Sundance Sundance is the perfect blend of nature and convenience of urban living. Rife with greenery, playgrounds, and community life, this area is quickly becoming Ottawa’s number one choice for families. One listen to the murmurs of Findlay Creek, or the feeling of a warm summer’s breeze on nearby trails will have your entire family enamoured with this charming community. Coupling proximity to schools and bus routes with forests and creeks, Sundance is the perfect community in which to live, play, and grow.

Visit our sales centre and ask our representative for more details on how you can save $10,000 on your purchase today!

779 Fiddlehead St., Bank St South 613-425-1332

Move in ready homes As Ottawa’s largest builder of homes and condominiums we have plenty of move in ready homes waiting for you across the city. Ready immediately, or in as little as 4 weeks, we have homes big and small that will fit every unique lifestyle.

SOPHIA II B (Findlay Creek)

THE MOONEY’S BAY (Hunt Club)

Immediate Availability 3400 sq ft Single Home (Lot 124) Over $55K in upgrades Only $592,900

Immediate Availability 990 sq ft 2 Bed Condo Flat (Block C Unit 104) Only $277,900

JACKSON (Barrhaven)

CHESTER 4 BED (Riverside South)

Immediate Availability 3030 sq ft Single Home (Lot 98) Over $30K in upgrades Only $602,900

Immediate Availability 2265 sq ft Single Model Home (Lot 111) Over $70K in upgrades Only $549,900

QUEENSBY IV (Navan)

UNITY (Kanata)

Immediate Availability 1705 sq ft Townhome (Block 36 Unit 189) Over $60K in upgrades Only $324,900

Immediate Availability 1875 sq ft Townhome (Block 10 Unit 53) Over $30K in upgrades, corner unit Only $391,900

ClaridgeHomes.com *Prices and specifications are subject to change without notice. E.&O.E. Some conditions may apply.

contents FEB 4 - 18, 2017 | VOLUME 17 ISSUE 3

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES, NATIONAL

Moe Lalani SENIOR MANAGER, CONTENT

Jennifer Reynolds SALES MANAGER, EASTERN ONTARIO

Paul Bimm

ON THE COVER

20

Mattamy Homes

C06 advice

C10 Home Smarts

The basics of condo ownership

by Marnie Bennett

More choice at Traditions II 016 GOHBA Report New homes keep getting in Stittsville better and better

by John Herbert

EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung CONTRIBUTING EDITORS

Sonia Bell Elisa Krovblit Lydia McNutt

SALES CO-ORDINATOR, EASTERN ONTARIO

Sarah Khan

NATIONAL CIRCULATION MANAGER

John Jenkins

PRODUCTION MANAGER

Helen Pearce

Condo Insert | C01-C16

Spotlight on Condos

Your guide to new condo communities in the Gatineau and Greater Ottawa Area in every issue

010 Editor’s Note 027 Mortgage Rates 028 Hot Properties 032 Advertisers Index 034 Neighbourhood Profile 035 What’s Online property profile

C06 Claridge Homes

Waterstreet – a wave of calm in the downtown core

019 Fundamentally Speaking 3 reasons Americans won’t be gobbling up Canadian homes

by Wayne Karl

024 Personal Finance

Millennials’ goals clash with plans of boomer parents

030 Personal Finance

Nearly half of Canadians lack a financial plan: CIBC

Dennis Ng GRAPHIC DESIGNERS

Miguel Cea Mike Terentiev

026 Mortgage Advice

6 ways to reduce your mortgage costs

by Alyssa Furtado

inspiration

022 Design Secrets

Before you hire a designer... read these important tips!

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PUBLISHED Saturdays, 2017 Publishing Schedule:

Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1 ADVERTISING Call 416.626.4200 for advertising

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COPYRIGHT 2017 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties will be considered. Email wayne.karl@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

Editor’s Note

Tax time – make it a year-round activity IT’S EARLY FEBRUARY, AND SO FAR the long, harsh winter

WAYNE KARL Senior Editor Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

that was forecast for Ontario has yet to materialize. If this continues to hold true, it will be yet another reason to celebrate this time of year, when we often associate it with blahs. After all, it’s the shortest month of the year, and March and spring soon follow.

And while the deadline for 2016 Registered Retirement Savings Plan contributions isn’t until March 1, and April 30 for filing your 2016 income tax return, perhaps we need to start thinking of February in a different light altogether.

Indeed, heeding the advice of experts, perhaps “tax time” should be a year-round task. From making regular RRSP contributions, to comparing RRSPs and tax-free savings accounts, to learning of the various credits available, tax planning for some is as necessary as the inevitable taxes themselves.

Preparing as best you can throughout the year might help minimize the sting come deadline time – and help you learn to embrace the opportunities to save, not just fear what you have to pay.

ONLINE

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If you’re looking for a unique mix of upscale yet unpretentious, New Edinburgh might be the neighbourhood for you. Read the full story… ypnexthome.ca/new-edinburgh

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! y Ce nC an Pa u ChCC st o La Ck i u Q homes starting from the $340’s

Luxurious contemporary homes with garage With Gatineau Park in your backyard, Plateau du Parc is a true paradise for outdoor enthusiasts whether it is for bicycle paths, four seasons hiking paths or just enjoying the picturesque scenery.

Housing types ›

Single family homes

PLateau du ParC 9 KM froM parliaMent

Corner of ch. Pink & boul. des Grives, Gatineau, QC

819.776.4663

! n s -i me ve o o h m dy a re homes starting from the $270’s

small town, charm included Carleton Crossing, in Carleton Place, offers an unbeatable quality of life, just minutes from the serene Mississippi River, scenic trails, recreation, arts & culture facilities and local shops.

Housing types › › ›

Single family homes Semi-detached Townhomes

CarLeton Crossing 51 KM froM parliaMent 117 McGregor St. Carleton Place, ON

613.257.4079

Advice | GOHBA REPORT

We’ve come a long way New homes keep getting better and better

By John Herbert

MORE ADVICE ONLINE ypnexthome.ca/news/advice

EARLIER THIS WINTER, I was driving

in the middle of one of Ottawa’s heavy snowstorms. It was very cold, with poor visibility. I was relieved to be driving a fairly late model vehicle complete with snow tires, a very efficient heating and defrosting system and windshield wipers that thankfully didn’t clog up with snow

Design It all begins with design.

Good home design begins with an understanding of how people live in their homes. Times have changed. Families have changed and with it, our lifestyles have evolved.

New home builders offer fresh, innovative plans and designs to meet the needs of today’s consumers, using modern technology to build homes that are attractive, highly functional and feel good to live in. Homes that include efficient use of space, open layouts, plenty of natural light, kitchens that work, flexible space and of course, lots of closet space (something that’s usually absent in older homes) 16 YPNEXTHOME.CA

and ice, so I could get safely along my way.

But imagine if I had been driving an old car in that same scenario.

I suspect my driving experience would have been a lot more nerveracking. Let’s face it, there have been a lot of advancements in the automotive field in the last 40 years or so. Seatbelts, airbags, anti-lock breaks, hybrids, air conditioning, computerized mapping systems, just to name a few. Imagine if you were driving a 1968 Chevy and all of a sudden you were behind the wheel of a brand new 2017 model – the changes would be astounding!

The same can be said for housing. If you have not lived in a brand new home

in the last 40, 30 or even 20 years, you would be amazed at the advances.

Today’s new homes include: » Solid energy-efficient construction » Bright, open interiors » A healthy, comfortable indoor environment » Low-maintenance materials inside and out » Innovative features that meet the needs of today’s lifestyle In a very competitive marketplace, new home builders are using advanced design, materials and construction techniques to provide homebuyers with a wide range of options and great value.

Energy efficiency The energy efficiency of Canadian homes has improved greatly over the years. Thanks to major advances in building techniques and product innovation, today’s new-home owner can expect to use only a quarter of the energy required for a similar home built in 1950, and at the same time enjoy a far more comfortable living environment. From windows to insulation to state-of-the-art heating and air conditioning systems, today’s new homes are far superior when it comes to energy efficiency. Advances in

energy efficiency will only grow as the price of energy goes up and we, as a society, recognize our responsibility to conserve energy and reduce our own environmental footprint. Our industry is already producing cost effective Zero Net Energy homes where the total power generation from rooftop solar panels equals the home’s energy consumption over a period of one year. Minto Communities is one of Canada’s leaders in this field, having produced both single-family and townhouse units that are Net Zero Energy in its Kanata project.

Environmentally responsible products No doubt about it, today’s new home builders have the opportunity to build much more environmentally-friendly homes than 40 or 50 years ago. Great advances have been made in developing and manufacturing building products that contribute to the Greening of Canadian homes. Manufacturers and suppliers are continually looking for ways to make their products and systems more acceptable to today’s environmentally savvy customer.

Today’s homes release 80 per cent fewer greenhouse gas emissions than those of the early 1980s.

Safety In part because of changes to Ontario’s Building Code over the years, new homes boast many products and features that ensure your family home is a safe environment. Whether it’s superior air ventilation and heating systems, stair railings and risers built to code, improved electrical components or products that reduce gas emissions, a new home is built to a stringent

code. A newly-built home is also inspected during various phases of construction, ensuring that the home is built to minimum code and safety requirements.

No doubt about it, a brand new home is a lot different than a home built 40 years or so ago.

I’ve heard people say, “They don’t build them like they used to.” I say, that is very, very true!

Because the reality is, we build them better – much better.

John W. Herbert is executive director of the Greater Ottawa Home Builders’ Association. He can be reached at 613.723.2926, ext. 224, or visit gohba.ca FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 17

Fall in love WITH A NEW VALECRAFT HOME

$100,000 less than the city *

Move into your dream home for $100,000 less than the city. Brand new designs and layouts are being unveiled in Embrun with only a handful of Pond Lots available.

Bungalows starting at $319,900 2 Storey Single Homes starting at $331,900

The Picardy

The Kemp

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If you need to move fast we have move-in homes ready for you.

The Normandy $409,900 $399,900 Move-in Ready 4 beds & 2.5 baths

The Hartin $419,537 Move-in Ready 4 beds & 2.5 baths

(613) 370-0288 605 Bruxelles St. Embrun ON Limited time offer. See sales consultant for details. *An estimate. Prices, terms and speciďŹ cations are subject to change without notice. E & O.E.

FEB 4 - 18, 2017 VOLUME 17, ISSUE 3, FREE

EASTERN ONTARIO EDITION

YOUR PULL-OUT GUIDE to highrise, conversion, loft, terrace & townhome condo projects

BRILLIANTLY DESIGNED & BEAUTIFULLY BUILT 1 TO 3 BEDROOM SUITES RANGING FROM 444 SQFT TO 1737 SQFT LOCATED IN OTTAWA’S COVETED BYWARD MARKET NEIGHBOURHOOD CURRENTLY UNDER CONSTRUCTION!

spotlight on condos

WHEN LIFE BECOMES AN ART

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CONDOS OCCUPANCY 2017

VISIT US TO DISCOVER OTTAWA’S NEW STANDARD SALES GALLERY 264 RIDEAU STREET, OTTAWA MONDAY TO THURSDAY: 12:00 PM TO 6:00 PM | WEEKENDS AND HOLIDAYS: 12:00 PM TO 5:00 PM (CLOSED ON FRIDAYS)

REGISTER NOW | ARTHAUSCONDOS.COM | 613 909 3223 © DevMcGill All rights reserved 2017. Specifications are subject to change without notice.

Rendering is artist’s concept. Exclusive Listing Brokerage: TradeUp Real Estate Inc., Brokerage. Brokers Protected. E. & O.E. 2016.

E IN V O M OW N

DOWNTOWN LIVING RICHCRAFT STYLING IT’S ON ITS WAY. The Bowery Condos by Richcraft. Located at 255 Bay — just steps from the Lyon Street LRT station. European appliances, quartz counter tops, hardwood a place to gather, lounge, eat, swim and workout. Presentation Gallery: 136 Bank street.

MODERN STUDIO, 1+2 BDRM + 2 STORY LOFTS FROM $194,000

THEBOWERYCONDOS.CA • 613.695.7577

spotlight on condos

condos + lofts

C3

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Ld so Luxury suites starting from the $230’s

spotlight on condos

Come visit our new luxury model suites today

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Nestled on the edge of the Ottawa River, in Orléans, Petrie’s Landing harnesses the natural beauty of its surroundings in order to provide residents with a unique balance of rural and urban living.

Housing types ›

Condominiums

Petrie’s Landing

21 KM froM parliaMent 8865 Jeanne d’Arc Blvd. N. Orléans, ON

613.824.4059

Revision Final Bleed

Insertion date

Material Deadline

Studio

Anything but mainstream

613 806 6246 | CornersOnMain.ca

C5

Ad Number

Sales Centre, 223 Main St. at Hazel, Mon – Thurs 12 – 6pm, Sat – Sun 12 – 5pm

spotlight on condos

Final Trim

Final Live

There is much to love about the revitalization of Main Street in Old Ottawa East.

But when choosing a new home, only Domicile can give you a condo with just as much character as the street itself. Discover a new way of life, and a new way of living, at the Corners on Main presentation centre. Phase 2 is now selling, but won’t be for long.

Property Profile | CLARIDGE HOMES

condo cover story

Waterstreet A Wave of Calm in the Downtown Core Location

CLARIDGE IS EXCITED TO HIGHLIGHT

Ottawa, Lowertown

one of their most coveted developments: Waterstreet. Located at 316 Bruyère St., Waterstreet offers buyers an ideal location, luxurious living, and breathtaking views, all for an affordable price. This low-rise building is complete and ready for immediate occupancy. Buyers can now come and view the model suits on site.

Nestled by Bordeleau Park and the Rideau River, Waterstreet is a quiet haven amid the excitement and energy of the downtown core.

Waterstreet is surrounded by some of the very best that Ottawa has to offer.

Just outside this urban sanctuary, you’ll find parks, nature, cafes, restaurants, bookstores, museums and more.

Head out for a run along the scenic Rideau River; take your dog

Builder

Claridge Development

spotlight on condos

Waterstreet

C6

Home Type

Condominiums Sales Centre

112-316 Bruyère Street, Open Saturday & Sunday noon to 5 p.m., Monday to Wednesday noon to 7 p.m., Closed Thursday & Friday Contact

613.680.6560

to the nearby off-leash dog park; stroll through Rideau Hall; meet some friends for coffee in the ByWard market, or check out a film at Bytown Cinema. Everything you could possibly desire is right at your fingertips.

Lowertown is one of Ottawa’s oldest neighbourhood, and is now one of the most desirable places to live in the city. Ideal for young families, retirees, students and young professionals, Lowertown is filled with personality, charm, and historical appeal.

Waterstreet offers buyers anything from studio units to two bedrooms plus a den, all starting from the $280s.

Buyers are attracted to Waterstreet, and Lowertown in general, because you get the best of both worlds: you’re only steps from the hustle and bustle of the Byward Market, but

you’re also tucked away in a quiet residential area.

Waterstreet living is like none other.

Built with the city dweller in mind, each suite has the latest modern conveniences, plus a few extra luxuries to make your home life that much easier.

Enjoy the scenic views of the cityscape from your new expansive windows and private balcony or terrace, or invite friends over for a home-cooked meal in your luxurious kitchen, which features modern open-concept plans and a flush breakfast bar.

When you purchase a unit at Waterstreet, you will receive Claridge’s inventory bonus, which includes over $10,000 in upgraded finishes! As an added bonus, buy a two-bedroom suite and close by June 2017, and you will also receive $50,000 off the purchase price.

Claridge Homes delivers the lifestyle you want, at a price you can afford. In addition to delivering some of the best locations for new condos in Ottawa, Claridge is a wellknown builder offering exceptional

value. Including a variety of luxurious features as part of their standard package is just one way Claridge stands out to new buyers in delivering great value in new condos in Ottawa.

By combining top locations and exceptional value, Claridge Homes

emerges as one of Ottawa’s premier builders and the natural choice for buyers pursuing exceptional living.

For more information on Waterstreet, please visit claridgewaterstreet.com or stop by the sales centre.

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO C7

Buy at CLARIDGE FUSION and save $50,000 on your purchase price* Your Own Urban Oasis At Claridge Fusion, all of life’s pleasures come together in one eco-friendly living environment. Fusion is LEEDŽ Silver certified, and incorporates our most comprehensive array of green initiatives yet. Buy a 2 bedroom unit and close before June 2017 to receive a limited time offer of $50,000 off your purchase price, plus a free parking spot! Visit our sales centre today for more details.

spotlight on condos

300 Lett Street 613.232.2049

C8

www.claridgefusion.com

* Excludes boutique townhomes, parking spot included with purchase. Must close before June 2017 to receive offer. Prices and specifications are subject to change without notice. E.&O.E.

moreValue

Move-in ready units. Up to $10,000 in designer finishes included!

STIRLING PARK | MERIVALE Now occupying! 1 & 2 bedroom units starting from $272,000 330 Titan Private, Unit 107, Ottawa 613-224-0330 WATERSTREET | LOWERTOWN Now occupying! Studio, 1 & 2 bedroom units starting from $286,000 316 Bruyère Street, Unit 112, Ottawa 613-680-6560 CLARIDGE PLAZA 3 | RIDEAU STREET Models now open! Move-in ready 1 & 2 bedroom units starting from $339,000 244 Rideau Street, Ottawa 613-241-3235 File is half size FINAL: 48” x 48”

CLARIDGE PLAZA 4 | RIDEAU STREET Now occupying! Studio, 1 & 2 bedroom units starting from $232,000 244 Rideau Street, Ottawa 613-241-3235

FUSION | LEBRETON FLATS Models now open! Move-in ready 1, 2 & 3 bedroom units starting from $278,000 300 Lett Street, Ottawa 613-232-2049 TRIBECA EAST | DOWNTOWN METCALFE Now occupying! Studio, 1 & 2 bedroom units starting from $248,000 56 Nepean Street, Ottawa 613-234-1780

moreChoice

CLARIDGE ICON | LITTLE ITALY Now under construction! 1 & 2 bedroom units starting from $291,000 485 Preston Street, Ottawa 613-695-1441

THE LOFTS AT TRIBECA | DOWNTOWN METCALFE Now occupying! 1 & 2 bedroom units starting from the mid $400s Includes underground parking 56 Nepean Street, Ottawa 613-234-1780

ClaridgeHomes.com

spotlight on condos

Now under construction. Secure your new home and ask about our upgraded finishes at these locations.

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Advice | HOME SMARTS

Understanding the basics of condo ownership

By Marnie Bennett

MORE ADVICE ONLINE ypnexthome.ca/news/advice

I’VE WATCHED THE EVOLUTION of the

housing market over the past 25 years with great interest. It’s been quite a ride, to say the least. Over the past 10 years alone, there’s been a staggering fivefold increase in the percentage of Canada’s new home market share for condo sales. In Ottawa, the condo market share represents nearly 18 per cent of all homes sold.

Why the massive shift? There are a number of explanations. Firstly, for many city-dwelling first-time buyers, it’s become the only realistic financial option. Next, even among those Generation Y purchasers with thicker wallets, the hipness factor of condo living goes a long way: to a childless 30-year-old, an urban loft has more appeal than a four-bedroom home with a lawn to mow. Additionally, as the baby boomers become empty nesters, there’s a growing segment of the population looking to downsize from large family homes.

Both younger and older purchasers appreciate the worry-free aspect of condo ownership: maintenance and security issues are kept to a minimum, allowing what we like to call the “lock-and-leave” lifestyle.

While the word “condominium” often conjures an image of a highrise tower, it’s actually a legal definition that refers to the method of ownership, not the type of building.

In purchasing a condominium, you own the interior space of your home outright. Other elements of the building, such as hallways, elevators, C10 YPNEXTHOME.CA

recreational facilities and outside grounds, are known as “common elements.” These are jointly owned by you and all the other homeowners in your condominium community. Your balcony or terrace, and sometimes your parking spot, are known as “exclusive use” common elements.

This means that, while their upkeep is not your responsibility, they are intended for your use only.

While condo owners are mercifully free from such concerns as pruning shrubs and vacuuming the swimming pool, they do pay for such upkeep through a monthly charge known as Maintenance Fees, or Condo Fee. This fee also covers the costs of management, administration and insurance for common element areas, and often covers the cost of utilities.

In many cases, a condominium “reserve fund” will cover the replacement cost of items such as a broken furnace; as many of us know, those living in typical freehold homes aren’t so lucky.

Maintenance fees can vary substantially between condominiums, depending on both the square footage of the owner’s home and the level of the building’s amenities.

For instance, a highrise condo with a swimming pool and gym will

have higher fees than a townhome condominium with minimal grounds keeping. Keep in mind that having such amenities at your doorstep may save you the cost of a fitness club membership. You may be able to entertain in a huge party room, or watch movies with friends in a multimedia lounge – pastimes that would likely be beyond your reach outside of the condominium paradigm.

While condo living isn’t for everybody, an increasing number of people are discovering its benefits.

It comes down to weighing what’s important to you.

In my next column, I’ll discuss how to narrow your search for the perfect condo. Till then, enjoy the hunt.

To receive a free copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy” email sales@bennettpros.com Marnie Bennett is a broker and CEO of the 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 two weekly radio shows, Marnie’s Real Estate Hour and The Real Estate Edge, a millionaire real estate investor and a wealth management coach. bennettpros.com

Live and Play ON THE

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Co-operating Brokers Welcome

spotlight on condos

To book a viewing contact TallShipsLanding@Fuller.ca

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Inspiration | DESIGNER ADVICE

7 essential home trends

FOR 2017

By Yanic Simard

LEFT:

Rose by J&V Digital for Newwall / newwall.com ABOVE:

IT SEEMS DESIGN TRENDS change every year, but most of us don’t completely change our decor quite that often. For this reason, it’s important to spend wisely, and avoid flashin-the-pan fads that may leave you with buyer’s remorse.

With that in mind, I put together a different kind of 2017 forecast: seven essential home trends that I’m confident will last for years to come, along with ways to apply them to your space today. Let’s make 2017 the year of no design regrets!

Vertical horizons » Your walls can be home to unique art – or they can be the art themselves. More and more people are boldly bringing drama to their vertical surfaces, with oversized paintings and prints, statement-making wall coverings, or both. » TRENDS TO TRY: Explore local art events (such as emerging-artist expos) to find wall-filling canvases – the scale can actually make a room look larger. Apply a lively patterned wallpaper to add incredible personality, such as C12 YPNEXTHOME.CA

an oversized floral, or try a sumptuous grasscloth for rich texture that says “classic haute couture.”

Quartz composure » For decades the de-facto countertop was a slab of granite. Designers have long preferred quartz for its beauty and durability, and more and more home-renovators are catching on. It’s nonporous, but has the character of stone, with near infinite colour options. » TREND TO TRY: Splurge on a particularly covetable quartz variety like an agate style for the kitchen island, and trade-off a budget-friendly option for the main counters – a little contrast can be beautiful.

Jewel energies » Vivid-but-sophisticated jewel tones: they perfectly offset demure neutrals, brighter hues (like last year’s sky blues and bright pinks), or both, so they can and will be infused into nearly any decor scheme. » TRENDS TO TRY: Add small glass or velvet accessories

PHOTOGRAPHY: (TOP LEFT) VALERIE WILCOX. LIVING ROOM (TOP RIGHT) DESIGNED BY TORONTO INTERIOR DESIGN GROUP

Quartz Countertop – Concetto 8311 Gray Agate by Caesarstone

spotlight on condos

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in amethyst or emerald to refresh your palette without a big investment.

Paint a deep hue like Benjamin Moore’s Colour of the Year 2117-30 Shadow to make a room feel cozy.

Life alfresco » Bringing the outdoors inside is big, in more ways than one. There’s a continuing trend toward introducing plant/animal motifs through prints, art and live greenery. Don’t worry about the “it” style of the day, and just enjoy a lush pattern that makes you feel happy. » TRENDS TO TRY: Use “alfresco” cafe-inspired fabrics – think forest or jungle – for upholstery and drapery, to bring the joy of patio dining inside.

Pot an indoor tree like an exotic ficus to add a luxe, fresh atmosphere to any space. Look to Patone’s 2017 colour of the year “Greenery” for accent inspiration.

» TRENDS TO TRY: Use throws, pillows, or sculptures collected on your life’s travels to bring diverse cultures to your space. Mix bohemian twists like broken-in vintage furniture with crisp black modernist pieces to balance old and new. Consider small details, like the placement of a cabinet knob – in design, details make all the difference!

Aquatic age » Blue is truly timeless – it’s the most popular favourite colour – but it also might be bigger than ever. Blue

shades mix well, or stand on their own, and they never go truly out of style, making them essential for 2017 and years to come. » TRENDS TO TRY: Mix aquatic blues and blue-greens with whites and pale woods to create a fresh, beachy vibe.

Skip super-safe grey and use navy instead to subtly enrich any palette.

Want to see more ways to tackle trends timelessly? View the Toronto Interior Design Group portfolio at tidg.ca, and find me on Twitter and Instagram via @yanicsimard.

MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration

Earth harvest » It’s not just fabric motifs that people are drawing from the earth, but rugged textures too. Tactile materials like cork, terra cotta, sisal, burnished gold as well as dark moody varieties of stone and wood are all being brought into homes to give a sense of weight and depth. » TRENDS TO TRY: Splurge on a dark marble to add masculine appeal to table tops or a luxe vanity. Use interesting flooring like cork or terra cotta, or reconsider wall-to-wall broadloom (trust me, it’s back). Try crisp “tuxedo” cabinets, with handsome wood contrasted against lighter tones.

Benjamin Moore’s 2017 Colour of the Year: Shadow

Bohemian adventures » As times goes on, homeowners are less and less interested in strict “rules” and severe minimalism, instead embracing a more personal and adventurous style, celebrating a bohemian flair and worldly collections.

Celebrity Designer Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning, boutique firm Toronto Interior Design Group (tidg.ca), and regular design expert on City’s Cityline. @yanicsimard

C14 YPNEXTHOME.CA

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Advice | FUNDAMENTALLY SPEAKING

3 reasons Americans won’t be gobbling up Canadian homes

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

NOW THAT DONALD TRUMP has been sworn in as president of the United States, should we prepare for an onslaught of Americans moving to Canada and buying up our homes?

Don’t bank on it.

The “possibility” was well publicized leading up to the election last November, with search terms such as “How to move to Canada” and “How to become a Canadian citizen” skyrocketing on Google.

Now Royal LePage Canada and others are fanning the flames even more. On the morning of the Jan. 20 inauguration, the realty firm issued a press release titled U.S. Interest in Canadian Real Estate Surges Following U.S. Presidential Election.

“American web traffic on royallepage.ca, has been highly correlated to recent U.S. political events. U.S.-originated sessions surged 329 per cent the day following the election and climbed 210.1 per cent year-over-year the week after Donald Trump’s victory,” the release said.

We can’t blame Royal LePage for publicizing the web search trend. It’s the company’s job, after all, to sell homes.

But it’s a bit of a stretch that Canadians should batten down the hatches and prepare for an onslaught of Americans offering wheelbarrows full of U.S. greenbacks for their Canadian homes.

Here’s why:

IMMIGRATION LAWS “We have express entry, and each province has numerous programs,” Robin Seligman, a Toronto-based a specialist in Canadian immigration law, told New Home & Condo Guide.

“As well, we have options for work permits if the person has an employer in Canada, or under NAFTA if they are on the professional list.

filing requirements, eligibility for deductions and credits.

“Owning a home for personal use, versus investing in a rental property, from a tax perspective, is easier to deal with. There are still issues such as changes to the principal residence exemption rules that came about last fall.”

“We also have the labour market impact stream, so employers in many cases must first try to hire a Canadian or permanent resident for the job,” she says. “However, there are many exemptions, including intra-company transfers and NAFTA exemptions.”

MORTGAGE REGULATIONS “Foreign buyers – including Americans – will have a more difficult time qualifying for a mortgage than Canadians,” says James Laird, cofounder of RateHub and president of CanWise brokerage. “The down payment requirement is higher, and there are additional challenges around proving income.”

TAX ISSUES “For U.S., citizens, they will need to deal with various U.S. tax issues as a result of their U.S. citizenship,” says George Dube, a partner at BDO Canada LLP, Waterloo, Ont. “And, they will need to abide by different tax regulations while considered a non-resident of Canada versus as a resident, such as withholding taxes,

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

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 19

Property Profile | MATTAMY HOMES

cover story

Amazing opportunities In Traditions II from Mattamy Homes MATTAMY HOMES has recently made some incredible announcements for its Traditions II community in Stittsville. Here, you can discover picturesque farmland, parks, trails and lush greenspace just a hop, skip and a jump from Kanata’s burgeoning urban centre. And with Mattamy’s amazing new offer, making your home in Traditions II has gotten even better.

When you buy a new home, you want it to feel like it was designed just for you. Mattamy understands the importance of this and is offering new homebuyers in Traditions II up to $50,000 in Design Studio credits on all 38-ft. homes, allowing purchasers to personalize their homes with the finest upgrades and finishes.

20 YPNEXTHOME.CA

Location

Stittsville Builder

Mattamy Homes Development

Traditions II Home Type

Townhomes and detached homes Sales Centre

1879 Stittsville Main St. Contact

613.435.7171 mattamyhomes.com

Mattamy’s extraordinary Design Studio offers a magnificent array of finishes and features that let homeowners create a home that best reflects their personal tastes.

For even more personalization, Mattamy’s exclusive Architect’s Choice options give homeowners real choice in designing their home to suit specific needs and wants by giving purchasers the opportunity to make pre-approved structural

changes to their home before construction even begins.

Traditions II is a welcoming place.

A place for energetic, modern families to get out to walk or cycle along the many paths and plentiful parks and trails you’ll find here. A place where Mattamy’s extensive variety of home styles and designs creates fresh streetscapes with real character.

From the day you move in, you’ll feel you belong here. Nestled in a treed

setting, Traditions II is set within the established Traditions community: a highly sought-after community complete with schools, shops and plenty of space for recreation.

Today in Traditions II, Mattamy is making it even easier to enjoy your home on a premium lot. Mattamy has announced savings of up to $30,000 on many premium lots fronting onto parks or backing onto protected greenspace. So, whether you are looking for a thoughtfully designed two-storey townhome or a grand detached home, Mattamy has the selection to suit your family’s needs.

Mattamy has an impressive history of building spectacular homes, having built more than 70,000 homes in hundreds of communities throughout Canada and the United States, earning the honour of being North America’s largest privately owned home builder. Mattamy has never lost sight of how it has achieved success – one objective, to create homes and communities people love to live in.

There is plenty of opportunity to make Mattamy’s Traditions II community your new home. To be a part of this established, desirable neighbourhood, visit Mattamy’s sales centre today.

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 21

Inspiration | DESIGN SECRETS

BEFORE YOU HIRE A DESIGNER…

By Jane Lockhart

THE PROCESS OF designing a home can be daunting. But, choosing the right designer will help relieve some of the pressure and stress. Their expertise, knowledge and experience allows them to do the heavy lifting, take care of small and they have the foresight to anticipate any problems and take care of the details. However, before you even begin looking for the person who will help transform your home, here are some important things to consider.

Budget Be realistic. Know your budget from the beginning so that you and your 22 YPNEXTHOME.CA

designer can frame your vision within the scope of your finances. Do your research. Take a good look at what furniture, fabric, paint and renovations truly cost and plan for those costs.

As designers, it is our job to be up front about costs to temper your expectations. It’s very common for clients to have a $10,000 budget with a $1-million vision.

Scope of work Determining the scope of your project will set the framework for the process.

Once you know the range of work, you can find the appropriate designer. If you require a whole home renovation, find

the designer who has the experience required to finish your project. The scope can also help indicate whether your project requires an architect, engineer, designer or decorator. If you’re doing a full house renovation, or just redesigning one room, your designer can help make these determinations based on your budget.

Show and tell Not everyone speaks fluent designer.

This is where photos of finished rooms come in handy! Go through magazines, houzz.com and Pinterest to look for inspiration.

You’d be amazed at the amount of

ideas a simple image can spark. When trying to gather ideas, I often tell my clients to view the portfolio of your designer’s past projects. Sometimes you don’t know what you want until you see it!

Time The magic of television has led many to believe anything can be completed within an hour or less.

Would you really want to inhabit a home that looks like it took an hour or less to build? That’s why it’s important to understand design professionals can do great things with what they are given. There are many moving parts that help your dream design turn into a reality that include contractors, painters, electricians and many more who all need time to do their job properly.

Customized pieces of furniture alone take at least eight to 10 weeks to complete, a full house renovation can take up to a year. Do your research before hand, your future designer and contractors will confirm the time frame once the scope of work is established.

Decisions It’s important you feel comfortable with your designer. Work with someone you can trust them to create your vision for your home. While it’s not essential to having a personal connection, it may be beneficial knowing that you’ll be working with each other for several months.

Who to hire It is essential that you get the full value for your money so seek out a designer who can project and deliver your vision. Experienced professional designers can work with any style.

In the end, designers are here to service you. Remember to choose wisely because your designer is an extension of yourself and will help you maximize your investment.

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

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 23

Trending

Déjà-boom

Millennials collide with retirement goals of their boomer parents THE BOOMERANG effect is in

full swing, as many Millennials continue to lean on the boomer generation for financial support, according to a recent TD survey. At a time when the older generation should be preparing for retirement, many instead are experiencing a “déjà-boom” effect, as children or grandchildren return to the family home or need financial assistance.

“As a parent or grandparent, it’s natural to want to help our kids and grandkids who may be facing financial challenges such as finding full-time employment or paying their day-to-day expenses,” says Rowena Chan, senior vice-president, TD Wealth Financial Planning. “It’s important that this desire to help is balanced with the goals you have when it comes to retirement.”

Overall, 62 per cent of the boomer generation feels the “déjà-boom” effect is preventing them from saving enough for retirement. The survey also reveals that the tradeoff between providing financial support and saving for retirement is placing boomers under a considerable amount of financial stress. More than half (58 per cent) of boomers report feeling financially stressed and say their retirement savings are being impacted by their extended financial support of boomerang kids; one in four Canadian boomers admit to supporting their adult children or grandchildren.

“While the déjà-boom effect may be an unexpected event in retirement planning, it is important for preretirees to remember that it’s not too late to plan for the future and achieve their goals. A lot can be accomplished in the 10 to 15 years before retirement and planning ahead is a key step in making the journey as smooth as possible,” says Chan.

TD offers these tips for boomer parents: 24 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

Be ready for whatever life throws your way Understand that your retirement goals are still within reach. Meet with a financial planner and do a goals-based assessment to determine what your options might be for supporting your kids while keeping your retirement plans on track. Identify short, medium and long term goals, and make sure they align with your kids’ goals.

Negotiate the return Discuss how everyone can contribute to the household budget and operations. For example, you may be able to cover the basics such as room and board, but other cell phone bills, car payments or financial support for recreational activities are additional costs that could be covered independently.

Prepare to “relaunch” Whether it’s your newly married daughter and her spouse and child, or your son who recently graduated and has moved back home, there are plenty of opportunities to educate family members on the importance of being fiscally responsible and working toward financial independence.

Invite them to join in your financial conversations to discuss how to navigate their current circumstances and establish good financial habits.

Decide when to release As you map out financial action plans, identify a date when you will no longer be financially committed to each other.

As you approach this date, set up a series of mini-goals that will allow you to free up funds to divert toward your retirement savings while ensuring that your kids are meeting the savings targets they set in their own financial plan.

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Advice | MORTGAGE ADVICE

6 ways to reduce your mortgage costs

By Alyssa Furtado

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE NEW YEAR is a good time for a

financial health check. And since for most homeowners’ financial wellbeing is directly linked to the cost of your mortgage, re-evaluating your mortgage is key.

Before getting a mortgage, look at how much of your income goes towards your payments. When you review these costs, you should consider options that can lower your payments and reduce the amount of interest you have to pay.

Here are three ways to access lower interest rates: 1. Get and keep a high credit score Maintaining a higher credit score makes you a more attractive debtor.

This will enable you to negotiate a lower interest rate. Most financial institutions consider credit scores in the 800 to 900 range to be favourable. A long history of good credit will give you access to lower rates. Get your free credit score before meeting with an advisor.

2. Use a broker A licensed mortgage broker can give you access to the best mortgage rate possible. A broker can access a pool of both traditional and non-traditional lenders from which they can then offer you the lowest rates possible.

Although brokers are paid by the lender, they are also acting for you and are not tied to specific lenders.

3. Consider a variable-rate mortgage The interest on a variable-rate mortgage is often lower than a fixedrate one. This enables you to pay less 26 YPNEXTHOME.CA

interest with your monthly payment.

Choosing a variable rate comes with the risk of paying a higher rate at some point. That’s because the rate will change with the prime lending rate set by your lender.

There are also ways to reduce the amount of interest you pay over the lifetime of your mortgage. Here are three strategies you can use: 4. Increase your down payment You can put down as little as five per cent to buy a home under $500,000, but when you put down less than 20 per cent you have to get mortgage insurance. A larger down payment also decreases the monthly cost of the principal and interest of your mortgage loan, as well as the total interest over the life of the mortgage.

5. Increase payment frequency When arranging your mortgage, ask your broker to structure it so you can make accelerated biweekly payments. If you do so, the monthly payment is divided by two and the frequency of payments increases

to 26 times a year from 12 times annually. Therefore, you’re paying the equivalent of 13 monthly payments a year and accelerating your payments, you’ll increase the amount that goes towards the principal.

6. Make lump-sum payments Ensure your mortgage allows you to make lump-sum payments. Making an annual lump-sum payment can help you pay off your mortgage years earlier and reduce your interest costs.

THE BOTTOM LINE Reducing your mortgage rate and increasing how much you pay towards your principal will help you reduce your overall mortgage costs.

It’ll also make your finances healthier because your monthly expenses will shrink and you’ll spend less to pay off your mortgage.

Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards, deposit rates, and insurance with the goal to empower Canadians to search smarter and save money.

Homebuyers’ Help

Compare mortgage rates for your best deal CHARTERED BANKS

variable

ATB Financial

2.5

Alterna Bank

2.6

Bank of Montreal

2.6

Bank of Nova Scotia

2.9

Canadian Western Bank CIBC

6 months

1 year

2 years

3 years

4 years

5 years

4.1 4.10op 4 6.30op

3.04 4.10op 2.79 6.30op 3.09 6.95op 3.29 6.50op 3.14 6.30op 2.84 6.35op 3.14 3.14 6.35op 2.64 3 3.20op 3.14 6.70op

2.39 4.10op 2.74

2.64

2.69

2.89

2.59

2.84

2.84

3.19

3.59

4.09

2.89

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.79

2.74

4.09

4.79

3.04 2.15

3.65 3.39

4.39 4.09

4.64 2.35

2.64 2.94

2.64 2.84

3.19 2.94

3.29 2.99

3.04

3.39

2.79

2.94

2.79 2.49

3.34 2.74

3.99 2.84

4.44 2.99

2.84

3.44

2.69

2.94

3.24

3.49

3.69

3.79

6.95op 4.55 6.45op 4 6.45op

2.7 6.95op

Equitable Bank HSBC Bank Canada

2.35

ICICI Bank Canada Manulife Bank

2.75 2.7

National Bank

n/a

President’s Choice Finan Royal Bank

2.7 2.7

TD Canada Trust

2.6

Tangerine

2.7

4.45 6.20op 4.45 4.4 6.70op

7.00op

2.99 7.00op 3.04 4.00op 3.19

TRUST COMPANIES Community Trust Effort Trust

n/a n/a

Home Trust Investors Group Trust

2.35 n/a

MTCC

2.9

6.5 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

3.14 3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op

3.25 3.5

3.95 3.7

4.39 4.3

4.64 4.35

2.14 3.09

2.34 3.39

2.59 3.89

2.79 2.45

3.09

3.39

3.89

4.49

4 6.30op 6.2 6.40op 3.1 4.25 6.50op

2.79 6.30op 2.84 6.30op 2.64 2.89 6.50op 3.25 6.25op 2.84 6.30op 3.04 2.8 2.95op 2.39

2.74

2.59

2.84

2.84

2.89

2.95

2.99

2.89

2.64 2.79

2.64 2.89

2.84 2.95

2.94 2.89

3.2

3.65

4

4.5

2.79

2.64

3.89

2.54

2.84 2.85

2.89 2.95

3.39 3.05

3.74 3.15

2.39

2.49

2.59

2.69

OTHER FINANCIAL INSTITUTIONS Alterna Savings

2.6

Comtech Fire C.U.

2.6

First National Fin. LP IC Savings

2.7

Luminus Financial

3.25

Meridian Credit Union

2.4

PACE Savings & C.U. Parama Credit Union

2.65

Steinbach Credit Union

2.25

5.05

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice.

R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE Jan 16, 2017. Prepared By Fiscal Agents Financial Information Services 905.844.7700

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 27

Hot Properties

Find your next home! This page features a few of the latest properties to keep your eye on in the Eastern Ontario area. Find more properties at ypnexthome.ca

LATEST LISTINGS

TRADITIONS II BY MATTAMY HOMES

CARLETON CROSSING

ARTHAUS CONDOMINUMS

eQUINELLE

By: Brigil City: Stittsville Housing type: Singles Contact: 613.257.4079 brigil.com

By: DevMcGill City: Downtown Ottawa Housing type: Condominium Contact: 613.909.3223 arthauscondos.com

By: eQ Homes City: Kemptville Housing type: Bungalow Contact: 613.258.6488 eqhomes.ca

BLACKSTONE

THE CORNERS ON MAIN

LIV TOWNS

By: Cardel Homes City: Kanata South Housing type: Single Contact: 613.836.9521 cardelhomes.com

By: Domicile City: Old Ottawa East Housing type: Midrise condos comprising a mix of six- and four-storeys Contact: 613.806.6246. cornersonmain.ca

By: Glenview City: Kanata Housing type: Townhome Contact: 613.595.0591 sales@glenviewhomes.com glenviewhomes.com/liv

GREYSTONE VILLAGE

SOHO CHAMPAGNE

By: eQ Homes City: Ottawa Housing type: Singles, towns, semis and condos Contact: 613.258.6488 greystonevillage.ca

By: Mastercraft Starwood City: West Central Housing type: Luxury condominiums Contact: sohochampagne.com

SPRING VALLEY TRAILS By: Claridge Homes City: Navan Housing type: Townhomes claridgehomes.com

28 YPNEXTHOME.CA

WATERSTREET BY CLARIDGE HOMES

ABBOTTSVILLE CROSSING

WHITE TAIL RIDGE

TALL SHIPS LANDING

By: Mattamy City: Kanata Housing type: Singles, townhomes Contact: 613.790.2082 mattamyhomes.com

By: Phoenix Homes City: Almonte Housing type: Bungalows and singles Contact: Kellie Connors 613.461.0277 phoenixhomes.ca

By: Thomas Fuller Construction Ltd. City: Brockville Housing type: Condominium Contact: 613.498.7245 tallshipslanding@fuller.ca tallshipslanding.com

AVALON ENCORE

FELTON COURT

By: Minto City: Orléans Housing type: Singles, townhome Contact: 613.834.6400 minto.com

By: Phoenix Homes City: Barrhaven Housing type: Townhomes Contact: phoenixhomes.ca

BRADLEY ESTATES

THE BOWERY CONDOS & LOFTS UPPERWEST By: Minto City: Ottawa Housing type: Condominium Contact: 613.788.2786 liveupperwest.com

By: Valecraft Homes City: Mer Bleue/Orléans Housing type: Single-family homes and executive townhomes Contact: valecraft.com

By: Richcraft City: Centretown Contact: 613.695.7577 thebowerycondos.ca

GALLERY TOWNHOMES By: Tamarack Homes City: Orléans Housing type: Townhomes Contact: tamarackhomes.com

Builders

If you would like to include your preview registration, new release or site opening in this feature, just email the details to sarah.khan@ypnexthome.ca

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 29

Trending

Nearly half of Canadians lack a financial plan: CIBC poll

NEARLY HALF (46 per cent) of

Canadians do not have a financial plan in place to reach their goals, despite many feeling concerned about their retirement years, according to a new CIBC poll.

“While most of us have a fairly good sense of our financial goals, so many Canadians do not have a clear road map in place to achieve what they want today – and tomorrow,” says Sarah Widmeyer, managing director and head of wealth strategies, CIBC. “Whether the goal is to eliminate debt, save more, or retire early, you can achieve success with a financial plan.”

30 YPNEXTHOME.CA

Key poll findings include: » 54 per cent of Canadians surveyed have a financial plan, with » 64 per cent of them having a long-term plan that identifies their savings goals and the steps to achieve them » And 36 per cent who describe it as only a budget they review regularly, a short-term plan or ‘other » 46 per cent of Canadians surveyed do not have a financial plan » with 42 per cent of them saying they ‘have a pretty good idea’ and don’t need to write it down » When thinking about retirement,

just over half (51 per cent) are most worried about increasing health care costs, 45 per cent are concerned about how to manage unexpected expenses, and 43 per cent worry that they won’t have enough money to live the life they want.

Life gets in the way According to previous CIBC polls, paying down debt has been the top financial priority for Canadians for seven straight years, indicating few people are making headway on their goals.

“We all aim to have a sufficient nest egg for retirement and money to

handle the unexpected, but everyday life has a tendency of getting in the way,” says Widmeyer. “By setting out a clear path to your goals, a financial plan can help you stay on track. It also gives you the confidence to manage surprises, so that setbacks don’t put your retirement dreams and other goals at risk.”

The poll finds that having a financial plan in place makes Canadians feel more confident in their ability to manage unexpected changes in their finances. Additionally, those who have a financial advisor (61 per cent) also feel better able to manage setbacks.

The poll surveyed Canadians with household incomes above $100,000.

A financial plan and a budget are not the same The poll findings show that even among those who do have a financial plan, more than a third (36 per cent) appear to be confused about how it differs from a budget, pointing to a limited understanding of the full value and purpose of a financial plan.

“While budgeting and financial planning go hand-in-hand, a budget alone is insufficient in crafting the life you want in the future,” says Widmeyer. She adds that confusing a budget with a financial plan may leave Canadians ill-prepared.

Widmeyer describes a financial plan as a clear, written report detailing an individual’s personal goals, financial needs and priorities in areas such as income and expenses, taxes, mortgage planning, education needs, retirement, estate planning and insurance. A financial plan also incorporates assumptions like inflation, the time to a goal and expected rates of return, which many may miss on their own, she adds.

“There are many things to consider depending on your life stage, income and lifestyle expectations,” says Widmeyer. “Is it better to pay down debt or save? Are you saving enough?

Could you possibly retire earlier than you thought? These are some of the questions a financial plan can help you answer and where the real value of a plan lies.”

Tips for the ages

In your 20s and 30s When you’re starting out, it’s important to manage debt effectively and keep an eye on savings. Taking advantage of the Home Buyers’ Plan can help you build a down payment for your first home, while saving through a TFSA could save your RRSP contribution room for years when you’re likely to earn a higher income.

In your 40s and 50s For the sandwich generation, it’s all about balance. Competing priorities pull you in different directions, and can make it difficult to stay on track. Look for ways to maximize savings through Registered Education Savings Plans, and be sure to balance your portfolio to fit the right time horizon, risk tolerance and accurately forecast future cash flow.

In your 60s and beyond For those at or nearing retirement, it’s important to understand your new income needs, lifestyle and plan for any unexpected health costs to set a clear course for the years ahead. Knowing the right time and amount to withdraw from Registered Retirement Income Funds to reduce tax liabilities and continue saving for later years, while discussing your estate can help protect your wealth and minimize taxes.

MORE TRENDING ONLINE ypnexthome.ca/news

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 31

Ad Index

Builder Name

Site Name

Prices

D

Location

et a Se che m d i Bu ng To alo w w n Ad hom ul t L e/C ife on st do yl e

ADVERTISERS

Page

WEST Almonte

Phoenix

White Tail Ridge

x

Carleton Place

Brigil

Carleton Crossing

x

Carp

Phoenix

Diamondview Estates

x

Hunt Club

Claridge Homes

Hunt Club Flats

Kanata

Cardel

Blackstone

Kanata

Claridge Homes

Bridlewood

Kanata

Glenview Homes

LIV Towns

Kanata

Mattamy

Abbottsville Crossing

x

Kanata

Phoenix

Fernbank

x

Barrhaven

Claridge Homes

West Pointe Village

x

Barrhaven

Phoenix

Felton Court

Barrhaven

Minto

Harmony

Findlay Creek

Phoenix

Pathways

Ottawa South

Claridge Homes

Summerhill Village

x

Ottawa South

Claridge Homes

Sundance

x

Brigil

Plateau Du Parc

x x

From $390's

12, 13

From $290's

14, 15

From $300's

12, 13

From $277,900

6, 7

Inquire

11

x

From $391,900

6, 7

x

From mid $200's

9

x

From $227,990

4, 5

x

From $200's

12, 13

x

From $602,900

6, 7

x

From $280's

12, 13

x

Inquire

2, 3

x

From $200's

12, 13

x

From $549,900

6, 7

From $592,900

6, 7

From $340's

14, 15

x x x

x

x

SOUTH

x x

NORTH Gatineau

32 YPNEXTHOME.CA

x

Site Name

et a Se che m d i Bu ng To alo w w n Ad ho m ul t L e/C ife o st nd yl o e

Builder Name

Prices

D

Location

Page

EAST Embrun

Valecraft

Place St. Thomas

x

Navan

Claridge

Spring Valley Trails

x

Orléans

Minto

Orléans Orléans

x

From $319,900

18

x

From $324,900

6, 7

Avalon Encore

x

From $184,900

2, 3

Claridge

Royal Ridge

x

From $199,900

6, 7

Phoenix

Hillside Vista

x

From $250's

12, 13

Brockville

Fuller

Tall Ship Landing

x

Inquire

C11

Downtown

Richcraft

The Bowery

x

From $194,000

C3

Downtown

Claridge Homes

Icon

x

From $291,000

C8, C9

Downtown

Claridge Homes

The Lofts

x

From $400's

C8, C9

Downtown

Claridge Homes

Tribeca

x

From $245,000

C8, C9

Downtown

DevMcGill

Arthaus Condos

x

Inquire

C2

Kanata

Cardel

Blackstone

x

From $300's

C13

Old Ottawa East

eQ Homes

Foxwood

x

From high $200's

C16

Orléans

Brigil

Petrie's Landing

x

From $230's

C4

Ottawa Central

Domicile Development Inc

The Corners on Main

x

Inquire

C5

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

x

From $232,000

C8, C9

Ottawa Central

Claridge Homes

Fusion

x

From $288,000

C8, C9

Ottawa Central

Claridge Homes

Waterstreet

x

From $195,000

C8, C9

Ottawa Central

Mastercraft Starwood

Soho Champagne

x

From $302,900

C15

Ottawa West

Tamarack

Wellington

x

From $299,068

BC

West Nepean

Claridge Homes

Stirling Park

x

From $247,000

C8, C9

CONDO

FEB 4 - 18, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 33

Neighbourhood Profile

New Edinburgh

By Lindsay Foran

Fast facts Average household income

$142,750 Family structure SinGleS

CoUpleS

faMilieS

39%

38%

23%

Own vs. rent

51%

oWnerS

MORE PHOTOS ONLINE ypnexthome.ca/new-edinburgh

IF YOU’RE LOOKING for a unique

mix of upscale yet unpretentious, New Edinburgh might be the neighbourhood for you. It’s an active community for the fit and healthy, with the popular New Edinburgh Park boasting tennis courts, bike paths through lush scenery, patios and outdoor markets, art shows and more.

Swing by 24 Sussex and see if you can catch a glimpse of the Prime Minister.

New Edinburgh is home to many embassies, consulates, and yes, even the Prime Minister. Because of the hefty price tag on these homes, most residents are middle aged or retirees. But there are clusters of young families who have managed to snag some prime property in this in-demand neighbourhood. This is mostly an English speaking area full of people who pride themselves on looking out for their neighbours.

In the area New Edinburgh is a $6 latte type of neighbourhood where residents insist on organic and gluten-free produce.

You’ll pay more for homes and higher for rent because of the proximity to downtown as well as Rockcliffe Park, Ottawa’s most expensive neighbourhood. And yet, the local pubs serve anything from cheap domestic beer, to expensive ciders.

49% renterS

Family structure

39%

38%

23%

SinGleS

CoUpleS

faMilieS

Education levels

Planes, trains & automobiles With proximity to downtown and so many bike paths, many residents prefer to park their sedans and hop on bikes. For those who prefer to drive, Hwy. 417 is only minutes away.

There are also many bus routes along Beechwood Ave. that will quickly take you to east towards St. Laurent, or west towards Quebec and Kanata.

The good, the bad & the rest Home to some of the top private schools in Ottawa, perfect for grooming your young ones. There are also many local coffee shops, big grocery stores such as Metro and Loblaws, great bike paths and many parks backing onto the Ottawa River. The area is also home to some top retirement

73% UniVerSitY

19%

8%

HiGH SCHool

ColleGe SOURCE: ENVIRONICS

residences, and the local hospitals are only a few kilometres away.

Real estate The good? It’s home to friendly people, quiet streets, and the location is ideal. The bad? Some people don’t like living so close to Vanier, which has, for decades, held a less than desirable reputation. But the city is trying hard to give this quaint neighbourhood a massive facelift, and it’s working. And, as any New Edinburgher will tell you, their community is safe because of their diligence.

Lindsay has lived in the Ottawa/Gatineau area her whole life. When she’s not touring the city in search of the hottest new neighbourhoods, she’s busy writing fiction and enjoying life with her husband and two dogs.

34 YPNEXTHOME.CA

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FINISHED SUITES NOW AVAILABLE FOR VIEWING

THE 1ST RESIDENTS ARE NOW HOME IN TAMARACK WELLINGTON AND THE

REVIEWS ARE SPECTACULAR!

Warm, light-filled spaces, luxurious finishes and fantastic views await the final few. GREAT SUITES ARE STILL AVAILABLE and ready for your personal tour now!

www.tamarackwellington.com

1140 Wellington St West

Starting From $

299,068