Eastern Ontario New Home & Condo Guide - May 13, 2017

MAY 13 - 27, 2017 VOLUME 17, ISSUE 10, FREE

-O PULL UT SEC AL TI CI

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EASTERN ONTARIO EDITION

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FEATURING

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NH&C Cover-Put Your Feet Up-May 2017-Print.indd 1

INSIDE THIS ISSUE

THANK GOODNESS FOR THE HOUSING SECTOR

MAKING THE MOST OF THE VIEW FROM YOUR CONDO

A FAILED HOUSING PLAN FOR ONTARIO

IT IE S

spotlight on condos U INIU M COMM

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2017-05-04 9:04 AM

showhomes.minto.com

Explore our Executive Townhomes and find a house to call home

Meet The Haven, just one of our beautifully designed Executive Townhomes

Check out our Show Home galleries online at showhomes.minto.com

*E.&O.E. prices and specifications are subject to change without notice.

HAVEN EXECUTIVE TOWNHOME 1,655 sq. ft.

SEE IT IN AVALON ENCORE, ORLÉANS

These Executive Townhome designs are available in these Minto communities TAHOE EXECUTIVE TOWNHOME 1,917 sq. ft.

ORLÉANS

TOWNHOMES STARTING FROM $285,900*

SEE IT IN AVALON ENCORE, ORLÉANS

HAVEN EXECUTIVE TOWNHOME 1,655 sq. ft.

TOWNHOMES STARTING FROM $254,500*

COMING JUNE 3

SEE IT IN AVALON ENCORE, ORLÉANS

MONTEREY EXECUTIVE TOWNHOME 1,759 sq. ft.

Take a Show Home tour in one of these Minto communities across the city

Avalon Encore, Orléans 2370 Tenth Line Road

Arcadia, Kanata 380 Huntmar Drive

LE B LA

VAI A S

OT L 6

UP TO $28,000 OFF 3-STOREY TOWNHOMES

All Towns Come With Backyards & Increased Incentives ELEVATION ‘B’

3-Storey Townhomes, The Brookside ‘B’, 1,360 Sq.Ft. WAS: $287,990 NOW: $259,990 Includes: 3 Stainless Steel Appliances, $10,000 at Décor & No Condo Fees for Two Years

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 Walnut Model Home in Summerside West, Orléans

KANATA

3-Storey Townhomes

SALES CENTRE 950 Terry Fox Drive • 613-790-2082

From $259,990

ELEVATION ‘C’

3-Storey Townhomes, The Creekside End ‘C’, 1,558 Sq.Ft. WAS: $304,990 NOW: $279,990 Includes: 3 Stainless Steel Appliances, $10,000 at Décor & No Condo Fees for Two Years

MATTAMYHOMES.COM

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

Sundance Zen Urban Flats 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

*Exclusive Zen Urban Flat deal applies to units in Building E only. Conditions apply, please contact a sales representative for more details.

Move in ready homes across the city 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 months, 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)

DUFFIELD(Riverside South)

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

Immediate Availability 2725 sq ft Single Model Home (Lot 5) Over $35K in upgrades Only $536,900

AZURE (Navan)

UNITY (Kanata)

Availabile Summer 2017 1620 sq ft Townhome (Block 46 Unit 239) Only $292,900

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.

contents MAY 13 - 27, 2017 | VOLUME 17 ISSUE 10

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford

C04

DIRECTOR OF SALES, NATIONAL

Moe Lalani SENIOR MANAGER, CONTENT

Jennifer Reynolds SALES MANAGER, EASTERN ONTARIO

Paul Bimm EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung CONTRIBUTING EDITORS

Sonia Bell Elisa Krovblit Lydia McNutt

SALES CO-ORDINATOR, EASTERN ONTARIO

Sarah Khan

SENIOR MANAGER, DISTRIBUTION

18

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins

PRODUCTION MANAGER

Anthony Majetic

ON THE COVER

advice

PRODUCTION CO-ORDINATOR

Cardel Homes

C12 Fundamentally Speaking

GRAPHIC DESIGNERS

See what’s new at Cardel

Dennis Ng

Thank goodness for the housing sector

Miguel Cea Mike Terentiev

by Wayne Karl

C14 Home Smarts Condo Insert | C01-C16

Spotlight on Condos

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

Glass act: Making the best of a less-than-heavenly view

by Marnie Bennett

026 GOHBA Report

A failed housing plan for Ontario

system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. Call 1-855826-4200 to discuss distribution opportunities.

010 Editor’s Note

+ online

021 Mortgage Rates 024 Advertisers Index

NEIGHBOURHOOD

HOME SEARCH

COPYRIGHT 2017 All rights reserved by Yellow

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

property profile

C04 Domicile

The Corners on Main: Home wasn’t built in a day, but it might sell out soon

ADVERTISING Call 416.626.4200 for advertising

CIRCULATION Highly targeted, free distribution

in every issue

022 Hot Properties

Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1

rates and information.

by John Herbert

020 What’s Online

PUBLISHED Saturdays, 2017 Publishing Schedule:

MAPS

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

WITH

DYNAMIC

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.

LOOK FOR THE CIRCLE

parties will be considered. Email wayne.karl@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

THERE ISN’T A BETTER SEASON TO BUY A LIV TOWNHOME!

INTRODUCING

g n i r p S INTO

SAVINGS TOWNHOME EVENT

3 STOREY BACK-TO-BACK

MODERN TOWNS

WITH IMMEDIATE OCCUPANCY

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• Large Welcoming Entry • Entertaining Kitchen Layout • Bright & Spacious 2nd Floor Living Area • Ceramic Kitchen Backsplash • Walk out Balcony on Second Floor • Master Bedroom Walk-in Closet • Convenient Third Floor Laundry • 3 Stainless Steel Appliances Included

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MOVE IN

Under 20 Lots Remain

Tour our Sales Office & Designer Models

LOCATION: 287 Meadowbreeze Drive, Kanata, Ontario HOURS: Monday - Thursday 1 PM - 8 PM, Friday 1 PM - 6 PM Weekends & Holidays 11 AM - 6 PM

Discover more at glenviewhomes.com

613-595-0591

PRICES, SIZES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. RENDERING IS ARTIST’S CONCEPT. E.&O.E. *PRICES SHOWN NET OF INCENTIVE

Editor’s Note

Fair, foul or fail?

Ontario’s plan is all that IS ONTARIO’S NEW FAIR HOUSING PLAN, comprising 16

WAYNE KARL Senior Editor Yellow Pages NextHome

measures designed to stabilize the real estate market while protecting homeowners’ investments, actually fair?

Or foul? Or is it a fail, even?

The short answer is that the plan is all that and more, depending on what part of the housing market you’re in.

Homebuyers, in the short term, will likely see the plan as fair, if it has the desired cooling effect and causes price growth – particularly in scorching markets such as Toronto – to slow. Similarly, homeowners won’t mind it, as long as it doesn’t cause a drop in prices. Sellers may call a foul, as the plan may slow buying activity in the short term.

As John Herbert, executive director of the Greater Ottawa Homebuilders’ Association, explains on page 26, where the plan fails is the absence of measures – short of promises to spend more time on them – to solve long-term supply issues.

Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

ONLINE

SEE MORE PHOTOS ONLINE

The ByWard Market is the place to be if you’re looking for constant stimulation – with a buzz of people, music, traffic and bicycle bells. Read the full story… ypnexthome.ca/byward-market

+ get social 10 YPNEXTHOME.CA

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MAY 13 - 27, 2017 VOLUME 17, ISSUE 10, FREE

EASTERN ONTARIO EDITION

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

% 95 !

LD SO LUXURY SUITES starting from the $230’S

spotlight on condos

Come visit our new luxury model suites today

C2

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

spotlight on condos

C3

Property Profile | DOMICILE

condo cover story

The Corners on Main Home wasn’t built in a day, but it might sell out soon Location

“IF YOU’RE LOOKING for a perfect

Old Ottawa East

balance of generous layouts, neighbourhood charm and maintenance-free living, you should plan your visit to our sales centre today,” says Lead Sales Associate, Karen Watts of The Corners on Main.

Phase 2 of Domicile’s latest condominium project is now selling.

Featuring a larger selection of twobedroom suites, this is urban living at its finest. No sacrifices. At the award-winning sales centre*, you can count on Watts to help you find your perfect fit.

Connecting with local architecture firm, Roderick Lahey Architects, Phase 1 construction of The Corners on Main is nearly finished. Domicile has yet again created must-see condominiums in

Builder

spotlight on condos

Domicile

C4

Development

The Corners on Main Home Type

Condominiums Sales Centre

223 Main St., open Monday to Thursday, noon to 6 p.m., Saturday and Sunday noon to 5 p.m.

Contact

613.806.6246

the heart of the city. This four- and six-storey midrise along Main Street is the perfect addition to this already established community, which is currently undergoing a period of growth and transition.

Old Ottawa East is one of the city’s most promising neighbourhoods.

The future is bright for Main Street thanks to a successful City of Ottawa infrastructure renewal project and significant involvement from the active community association. The City has approved a pedestrian bridge across the Canal, linking Old Ottawa East to Lansdowne and the Glebe.

The influx of development underway in the area includes promising ground-floor retail opportunities at The Corners on Main. On Saturday mornings during the growing season,

the Main Farmers’ Market is just up the street.

The Corners on Main is a 25-minute walk to the downtown core and only eight minutes by bike. Nestled between the Rideau Canal and the Rideau River, there are countless ways for you to enjoy your free time.

Buyers can choose from a variety of layouts: pied-a-terre, one- or twobedroom, and two-bedroom with a den. The tried-and-true exterior brick and stone facades are timeless and well-suited to the neighbourhood. As with all Domicile projects, the design and craftsmanship favour classic styles over of-the-moment trends.

All suites offer high-end finishes, such as quartz countertops, hardwood floors, quality cabinetry, stainless-steel appliances and a large selection of attractive tiles. All of these finishes come standard, which means you don’t have to worry about spending money on upgrades.

Domicile offers a four-year extended warranty, a first-time homeowner’s incentive program, and it is the only builder in the city with 100-per-cent smoke-free buildings.

For more information on The Corners on Main, visit the website cornersonmain.ca or head to the Presentation Centre at 223 Main St. (next to Saint Paul University) to see the fully-furnished model suite and interactive touch-screen display of the build site. *Greater Ottawa Home Builders’ Association’s Best Builder Sales Centre, 2016 Sales and Marketing Awards C5

OVER 70%

spotlight on condos

SOLD

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It’s now or never for the

FLATS

The Crème Flats are unlike anything you’ve seen in Orléans.

These spacious 2-bedroom suites include the comforts of heated underground parking, elevators, and the convenience

of maintenance-free living. The Crème community garden is a charming feature you won’t find anywhere else. Just off the beaten path, and only fifteen minutes from the downtown core, these classic, quality homes by Domicile Developments won’t be available for much longer. Starting in the low $300,000s.

VISIT

www.cremehomes.ca

3143 Navan Rd. | 613-807-0316

I live in

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CARDELHOMES.COM SINGLE-FAMILY HOMES

CONDOMINIUMS

spotlight on condos

I live for leisure.

C7

spotlight on condos

Your new home on Dow’s Lake

C8

Be a part of something Iconic Claridge Homes is raising the bar with a bold, organic tower rising 45 storeys above Ottawa. Claridge has been redefining Ottawa’s skyline for 30 years, and now we’re proud to bring Claridge_Icon to the community.

Find your new home in the heart of Little Italy, where stunning views of Dow’s Lake are available for as low as $291,000.

www.claridgeicon.com 485 Preston Street, Ottawa 613.695.1441

UNDER CONSTRUCTION Available April 2019

MOVE IN READY LOCATIONS

AROUND THE CITY $ 2OF

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112-316 Bruyère Street 613-680-6560

56 Nepean Street 613-234-1780

STIRLING PARK

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1 & 2 bedroom units starting from $279,000

Studio, 1 & 2 bedroom units starting from $245,000

1 & 2 bedroom units starting from $291,000

107-330 Titan Private 613-224-0330

244 Rideau Street 613-241-3235

485 Preston Street 613-695-1441

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* 20K deals valid for corresponding buildings only. Valid until September 1, 2017 for 2 bedroom condos and Fusion Boutique Townhomes. Conditions apply, contact a sales representative for more details.

URBAN OASIS ON THE EDGE OF DOWNTOWN

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WHEN YOU PURCHASE ANY TWO BEDROOM CONDOMINIUM OR BOUTIQUE TOWNHOME! Purchase and close before September 1, 2017. Conditions apply, see sales representative for more details.

ClaridgeHomes.com Prices and specifications are subject to change without notice. E.&O.E.

spotlight on condos

FIND YOUR

C9

Live and Play ON THE

SOUTH COAST OF CANADA TALL SHIPS LANDING IS LOCATED IN BROCKVILLE, CITY OF THE WORLD FAMOUS 1000 ISLANDS. TALL SHIPS COTTAGE-INIUMS™ COMBINE CAREFREE CONDO LIVING IN AN EXTRAORDINARY COASTAL RESORT, AFFORDING YOU MORE TIME FOR MAKING MEMORIES WITH FAMILY AND FRIENDS.

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To book a viewing contact TallShipsLanding@Fuller.ca 613-498-7245 (SAIL) | TALLSHIPSLANDING.COM |

Co-operating Brokers Welcome

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C11

Advice | FUNDAMENTALLY SPEAKING

Thank goodness for the housing sector

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

AFTER YEARS OF RUNNING at a deficit, the Ontario government recently tabled a balanced budget – the province’s first since the 2008-09 global recession. The 2017 Ontario Budget: A Stronger, Healthier Ontario, includes significant investments in health care and education, while also taking steps to address housing affordability.

And who or what does the province have to thank for this progress – besides, in its own words, a strong economy and responsible fiscal management?

Try the booming housing market of the last several years.

Indeed, rapid price escalation and high sales volumes have generated billions of additional HST and Land Transfer Tax revenues to the provincial government. Add to this, the spinoff revenues from the construction of new homes and 336,000 jobs supported by the housing sector.

“Last year, the Ontario government collected more through the Land Transfer Tax than the Gasoline Tax,” says Joe Vaccaro, CEO of the Ontario Home Builders’ Association. “The LTT alone provided $637 million in additional taxes to Ontario’s bottom line. The billions of new unexpected housing taxes from Ontario’s homebuyers helped deliver a balanced budget and are projected to increase and help balance future budgets. The province is clearly benefiting from this hot housing market.”

Whether future unexpected taxes from housing really do continue to increase and help balance future C12 YPNEXTHOME.CA

budgets remains to be seen. This is for two reasons.

First, Ontario’s introduction of the Fair Housing Plan on April 20 seems to have caused an immediate chill in the market. Anecdotal evidence suggests buyers have already been spooked, unsure whether now is the time to buy, or to wait, expecting that prices may drop.

The second reason is that, despite that the Fair Housing Plan included a new non-resident speculation tax of 15 per cent on the price of homes in the Greater Golden Horseshoe and other measures, some observers suggest the plan and the budget don’t do enough – or soon enough – to address the issue of new home supply. “(The) budget clearly shows that the province has the ability to lower housing taxes,” says Vaccaro. “While new-home buyers helped to balance this budget, the reality is that

they need government action to improve housing affordability and housing supply. It is time to update the HST on new housing to match new market realities, and provide new-home buyers with some HST tax savings.”

If builders’ ability to build continues to be severely limited, so too will the resulting benefits – almost 200,000 people employed in the GTA alone, earning more than $11 billion in wages. Those are numbers, and facts, that benefit Ontario’s books now, but we can’t assume they will be there in the future.

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

MODELS NOW OPEN MOVE IN READY IN JUST 4 WEEKS

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DOWNTOWN LIVING + RICHCRAFT QUALITY

C13

Advice | HOME SMARTS

Glass act Making the best of a less-than-heavenly view

By Marnie Bennett

MORE ADVICE ONLINE ypnexthome.ca/news/advice

IF EVERY WINDOW revealed a view of stunning beauty, it would make my job so much easier. But here on earth, some vistas leave something to be desired. The good news is that I’ve been seeing more ways than ever before to address these problems.

SCENARIO 1: You feel as though you’re living in a fishbowl.

SCENARIO 2: You have a marvelous view – of a brick wall, or the legs of passersby.

For both daytime privacy and obscuring undesirable views, lightfiltering blinds are an increasingly popular option. This is in large part because they don’t block out natural light. A similar – though more romantic – effect can be achieved by using sheers. Both can be paired with lined curtains for nighttime privacy.

If you’ve got panoramic windows, treatments like these can cost a pretty penny. Here’s an industry secret: You may be able to negotiate with your builder at the time of purchase for blinds to be included in the purchase price.

Half-height plantation shutters work beautifully with tall, narrow windows, lending historical character to a room. For a smaller window, you might consider a hanging stained glass panel; even a small panel will act as a focal point, drawing attention away from an unattractive view.

Your local hardware store carries two inexpensive alternatives: Privacy C14 YPNEXTHOME.CA

window film and acrylic wall glaze.

Both of these give the illusion of frosted glass, and both are easily applied and removed. In many cases, applying these treatments to only the lower pane of glass will give you the privacy you require.

at various times of day. And large mirrors are wonderful for reflecting light from both windows and lamps.

As a glass half-full kind of gal, I’ll close with this: Your imperfect views are the perfect opportunity to make a terrific design statement.

SCENARIO 2: Your windows are too small, or too few.

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

Small windows can be made to look larger by artfully installing blinds and curtain rods higher than necessary, with curtains extended on either side.

On a blank wall that cries out for a window, try hanging a large piece of landscape art; installing a picture light above will give your evenings a lovely ambience. Have as many different sources of light as possible coming from different points in a room. This gives you options for different effects

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

EXCEPTIONAL CONDOMINIUM HOMES FROM $242,900

224 LYON ST. (AT GLOUCESTER ST.) MON-WED 11-5PM | SAT+ SUN 12-5PM | THURS + FRI APPOINTMENT ONLY

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5% DOWN *Based on a promotional discount of the current purchase price of the suite. Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected.

Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

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spotlight on condos

ENRICHING

FAMILY TIME

3 & 4 BEDROOM, 2-STOREY TOWNHOMES FROM THE LOW $ 294,900

Townhomes Now Selling in Stittsville eQ homes is enriching lives at Fernbank Crossing with a new selection of beautiful 2-storey townhomes designed to help families grow closer. Choose a floor plan perfectly tailored to how you want to live, from open concept living-dining-kitchen areas to finished basement family rooms. All in a prime location, close to everything and an easy commute to Ottawa.

Artist’s concept.

632 Cope Drive, Stittsville off Fernbank Rd. 613.404.8075 Prices and specifications are subject to change without notice. E. & O.E.

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E&OE May 2017

Property Profile | CARDEL HOMES

cover story

See what’s new at Cardel THE TULIPS ARE SPROUTING up all

over the city, which can only mean one thing: Spring is officially here.

Spring time in the nation’s capital is synonymous with homebuying, which makes this a perfect time to introduce all that’s new at Cardel Homes.

Cardel Homes is returning to Richmond and Carleton Place with two new communities. “We’re headed back to these locations because we saw great success in both,” says Tanya Buckley, vice-president of sales and marketing. Both Richmond and Carleton Place are considered more rural, but as Buckley points out, “the drive isn’t as far as you think.” Buyers are beginning to recognize that they 18 YPNEXTHOME.CA

get more value for their dollar by leaving the city’s core. “Larger lots and more square footage attract buyers to these two locations, along with a small community lifestyle.” Richmond and Carleton Place offer a quaint, smalltown community with all the amenities you’d see in the City of Ottawa.

Set to open in August, construction of three model homes has already begun at Miller’s Crossing in Carleton Place. An easy commute along Hwy. 7, this master-planned community is only 15 minutes from Kanata and includes 288 homes with a mix of singles, towns and multi-family surrounded by greenspace, walking paths and

key shopping amenities. With homes now selling and a choice of 15 singles and seven townhome plans, this community offers something for everyone. Buyers are encouraged to visit the sales centre or website for more information.

Creekside in Richmond will launch this summer with 50 single-family homes. Located along Shea Road just near the Independent Grocer, this exclusive enclave of homes will feature 43- and 47-ft. lots with a streamlined version of the bungalow and two-storey designs from Miller’s Crossing. The brand new community of Creekside offers easy access to nearby schools, grocery stores,

restaurants, health services and much more. A 15-minute drive to Kanata makes for convenient commute, and year-round recreation opportunities at your doorstep mean more fun for the whole family.

Moving closer to the city centre: EdenWylde will be Cardel’s next return to Stittsville. Located at the corner of Shea and Fernbank, this brand new community will feature a mix of single-family and townhomes.

With an expected launch of early 2018, that will include brand new Cardel designs, followed by two single-family and two townhome fully decorated models, Cardel is expecting high interest in this up and coming community.

Located just off Terry Fox near Fernbank, Blackstone is buzzing with activity. Cardel has just launched six

Location

Richmond, Carleton Place, Kanata, Stittsville Builder

Cardel Homes Development

Creekside, Miller’s Crossing, Blackstone, EdenWylde Home Type

Singles, condos, townhomes Sales Centre & Contact

Creekside at Richmond: Visit cardelhomes.com to register Miller’s Crossing: Unit 1C-515 McNeely Ave 613.253.1959 Blackstone: 139 Westphalian Ave., Kanata 613.836.9521 Hours: Monday 1 to 7 p.m.

Tuesday Thursday noon to 7 p.m.

Friday, Sunday & holidays noon to 5 p.m.

new 46-ft. floorplans to complement their 36-ft. lots already available.

“We are seeing a lot of activity at this location,” says Buckley. “Demand is picking up and we’re excited about everything we have planned for Blackstone”. Buyers can currently view five fully decorated model homes with two brand new ones to come in early 2018.

Blackstone also includes KoL Condos. Construction is well underway, with models coming this fall. KoL features three lowrise buildings with elevators and underground parking. Ideal for downsizers and investors, these maintenance-free condos offer twobedroom floorplans with balconies.

Blackstone is also about to launch a limited release of 20 townhomes, which will be the last towns in Phase 3. Some plans include two car garage townhomes and are expected to sell fast.

And in keeping with Cardel’s constant pursuit of quality, the company has recently updated its already high standards. All singlefamily homes come Energy Star ready so you can expect lower operating costs. Interior features include 10mil glass showers, pot lights in the kitchen, AC-humidifier and new contemporary Adorne switches.

With so many new and exciting things happening at Cardel Homes this year, take the time to visit cardelhomes.com for a complete list of communities, plans and details.

MAY 13 - 27, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 19

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Homebuyers’ Help

Compare mortgage rates for your best deal CHARTERED BANKS

variable

ATB Financial

2.1

Alterna Bank

2.25

Bank of Montreal

2.6

Bank of Nova Scotia

2.9

CIBC

2.7

6 months

1 year

2 years

3 years

4 years

5 years

4.1 4.10op 4 6.30op

2.99 4.10op 2.79 6.30op 3.09 6.95op 3.29 6.50op 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

2.54

2.57

2.74

2.64

2.65

2.68

3.19

2.54

2.59

2.69

3.09

3.39

3.89

4.64

2.79

2.54

4.09

4.79

3.04 2.29

3.65 3.39

4.39 4.09

4.64 2.49

2.64 2.94

2.64 2.84

3.19 2.94

3.29 2.99

3.04

3.39

2.64

2.74

2.79 2.39

3.34 2.64

3.99 2.74

4.44 2.74

2.84

2.54

2.57

4.64

3.24

3.49

3.69

2.69

6.95op 4.55 6.45op 6.95op

Equitable Bank HSBC Bank Canada

2.25

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

2.3

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

2.59 3.39

2.74 3.89

2.84 2.84

3.09

3.39

3.89

4.64

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 3.14 2.8 2.95op 2.39

2.74

2.64

2.84

2.74

2.89

2.95

2.99

2.89

2.64 2.99

2.64 2.99

2.84 3.1

2.84 3.14

3.2

3.65

4

4.5

2.79

3.39

3.89

2.69

3.04 2.85

3.15 2.95

3.89 3.05

3.89 3.15

2.39

2.49

2.59

2.69

OTHER FINANCIAL INSTITUTIONS Alterna Savings

2.28

Comtech Fire C.U.

2.6

First National Fin. LP IC Savings

2.7

Luminus Financial

3.25

Meridian Credit Union

2.3

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 April 24, 2017. Prepared By Fiscal Agents Financial Information Services 905.844.7700

MAY 13 - 27, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 21

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

CARDEL HOMES

CARLETON CROSSING

FUSION

THE CORNERS ON MAIN

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

By: Claridge Homes City: Ottawa Housing type: Condominium Contact: 613.232.2049 claridgefusion.com

By: Domicile City: Ottawa Housing type: Condominium Contact: 613.806.6246 cornersonmain.ca

STITTSVILLE WALK ON MAIN

SUNDANCE

CRÈME

By: Byrex City: Stittsville Housing type: Towns, Carriage Homes Contact: 613.233.8606 stittsvillewalk.com

By: Claridge Homes City: Ottawa Housing type: Singles Contact: 613.425.1332 claridgehomes.com

By: Domicile City: Ottawa Housing type: Bungalows and lofts Contact: 613.807.0316 cremehomes.ca

BLACKSTONE

TRIBECA LOFTS

FERNBANK CROSSING

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

By: Claridge Homes City: Ottawa Housing type: Condominium Contact: 613.234.1780 claridgetribecalofts.com

By: eQ Homes City: Stittsville Housing type: Singles Contact: 613.404.8075 eqhomes.ca

22 YPNEXTHOME.CA

THE CORNERS ON MAIN BY DOMICILE

TERRACES AT GREYSTONE

MAHOGANY

THE BOWERY CONDOS & LOFTS

By: eQ Homes City: Greystone Housing type: Condominium greystonevillage.ca

By: Minto City: Manotick Housing type: Singles Contact: 613.788.2776 mintomahogany.com

By: Richcraft City: Centretown Housing type: Condominiums Contact: 613.695.7577 thebowerycondos.ca

TEMPO

HARMONY

GALLERY TOWNHOMES

By: Glenview City: Kemptville Housing type: Singles Contact: 613.258.0970 glenviewhomes.com

By: Minto City: Barrhaven Housing type: Singles, townhomes Contact: 613.789.7977 mintoharmony.com

GOTHAM

POTTER'S KEY

By: Lamb City: Ottawa Housing type: Condominiums Contact: 613.257.8887 gothamottawa.com

By: Minto City: Stittsville Housing type: Singles Contact: 613.788.2761 minto.com

SOHO CHAMPAGNE

ST CHARLES MARKET

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

By: Modbox Developments City: Ottawa Housing type: Condominiums Contact: 613.301.7782 stcharlesmarket.com

ON HALF MOON BAY By: Mattamy City: Barrhaven Housing type: Singles, townhomes Contact: 613.825.7932 mattamyhomes.com

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

AVALON ENCORE By: Minto City: Orléans Housing type: Singles, townhomes Contact: 613.834.6400 minto.com

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

By: Tamarack Homes City: Orléans Housing type: Townhomes Contact: 613.422.5925 tamarackhomes.com

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

AVIATION PRIVATE By: Valecraft Homes City: Ottawa Housing type: Terrace Home Contact: 613.680.4771 valecraft.com

WOODROFFE LOFTS By: Valecraft Homes City: Barrhaven Housing type: Condominium Contact: 613.440.0304 valecraft.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 MAY 13 - 27, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 23

Ad Index

Builder Name

Site Name

Almonte

Phoenix Homes

White Tail Ridge

x

Carleton Place

Brigil

Carleton Crossing

x

Carp

Phoenix Homes

Diamondview Estates

x

Hunt Club

Claridge Homes

Hunt Club Flats

Kanata

Cardel

Blackstone

Kanata

Claridge Homes

Kanata

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 x

From $390's

12, 13

From $290's

15

From $300's

12, 13

x

From $277,900

6, 7

x

Inquire

11

Bridlewood Trails

x

From $391,900

6, 7

Glenview Homes

Liv

x

From $254,990

9

Kanata

Phoenix Homes

Fernbank

From $350's

12, 13

Kanata

Phoenix Homes

Terra Flats

x

From $200's

12, 13

Stittsville

Byrex Developments Inc

Stittsville Walk

x

From $317,900

17

Stittsville

eQ Homes

Fernbank Crossing

x

From $294,900

16

Stittsville

Mattamy

Traditions II

x

x

From $316,990

4, 5

Stittsville

Minto

Potter's Key

x

x

From $344,900

2, 3

Barrhaven

Claridge Homes

West Pointe Village

x

x

From $602,900

6, 7

Barrhaven

Minto

Quinn's Pointe

x

x

From $254,500

2, 3

Barrhaven

Minto

Harmony

x

x

Inquire

2, 3

Barrhaven

Phoenix Homes

Felton Court

x

From $270's

12, 13

Findlay Creek

Phoenix Homes

Pathways

x

From $200's

12, 13

Ottawa South

Claridge Homes

Summerhill Village

x

x

From $536,900

6, 7

Ottawa South

Claridge Homes

Sundance

x

From $592,900

6, 7

Brigil

Plateau Du Parc

From $340's

15

Navan

Claridge

Spring Valley Trails

x

From $292,900

6, 7

Orléans

Claridge

Royal Ridge

x

From $199,900

6, 7

Orléans

Minto

Avalon Encore

x

From $285,900

2, 3

Orléans

Phoenix Homes

Hillside Vista

x

From $250's

12, 13

x

x x

x

x

x

SOUTH

x

NORTH Gatineau

x

EAST

24 YPNEXTHOME.CA

x

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

CENTRAL Ottawa

Valecraft

Aviation Private

Brockville

Fuller

Tall Ships Landing

Downtown

Lamb

Gotham

Downtown

Claridge Homes

Downtown

x

From $302,900

14

x

Inquire

C10

x

From 242,900

C15

Icon

x

From $291,000

C8, C9

Claridge Homes

The Lofts

x

From $400's

C8, C9

Downtown

Claridge Homes

Tribeca

x

From $345,000

C8, C9

Downtown

Richcraft

The Bowery

x

From $194,000

C13

Gatineau

Brigil

Domaine Du Vieux-Port

x

From $260's

15

Gatineau

Brigil

Horizon

x

Inquire

15

Gatineau

Brigil

Jardins McConnell

x

Inquire

15

Kanata

Cardel

Blackstone

x

From $300's

C7

Orléans

Brigil

Petrie's Landing

x

From $230's

C2

Ottawa Central

Brigil

Kanata Lakes

x

Inquire

15

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

x

From $232,000

C8, C9

Ottawa Central

Claridge Homes

Fusion

x

From $282,000

C8, C9

Ottawa Central

Claridge Homes

Waterstreet

x

From $250,000

C8, C9

Ottawa Central

Mastercraft Starwood

Soho Champagne

x

From $302,900

C16

Ottawa Central

Modbox

St Charles Market

x

From Low $400's

C3

Ottawa East

Domicile Development Inc

The Corners On Main

x

From Low $300's

C6

Ottawa West

Tamarack

Wellington

x

From $299,068

BC

West Nepean

Claridge Homes

Stirling Park

x

From $279,000

C8, C9

West Ottawa

EQ Homes

Terrace At Greystone

x

From $199,900

C11

CONDO

MAY 13 - 27, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 25

Advice | GOHBA REPORT

A failed housing plan for Ontario

By John Herbert

MORE ADVICE ONLINE ypnexthome.ca/news/advice

THE HOME BUILDING industry across Canada has been heavily focused on influencing government policy affecting housing affordability for the past five years. The Canadian Home Builders’ Association’s annual housing advocacy day on Parliament Hill on March 7 included members from across Canada holding more than 75 meetings with MPs. Some informative documentation was created to help educate public officials on how serious the problem had become, and measures that could be taken to deal with it.

Unfortunately, the Ontario budget on April 27 offered little to address mainstream market challenges, and provided only new financing programs to deal with social housing issues.

On March 20, the Ontario Home Builders’ Association held its housing advocacy day at Queen’s Park, where dozens of meetings were held and again the focus was on housing affordability. On April 20, the premier announced a 16-point program of measures to deal with the GTA’s housing challenges.

For professionals in the housing industry, it was a rather disappointing effort that will have little if any positive impact on Toronto’s housing problems. Much was made of a 26 YPNEXTHOME.CA

15-per-cent tax on foreign buyers who were referred to as “non-resident speculators” even though this group represents only a tiny fraction of homebuyers in the GTA. The real seeds of Toronto’s housing problems were sown in 2006 when the Ontario government introduced its residential growth plan. This plan removed thousands of hectares of future housing lands from the market and reinforced a policy of intensification. The policy appeared to be based on the assumption that urban apartment dwellers would abandon the Canadian dream of eventually owning a ground oriented home and willingly decide, in mass, to permanently occupy highrise apartments because the government would provide transit systems to support it.

The government’s Fair Housing Plan completely misses the target

because it does little to address the real problem, which is a supply shortage.

Even though Premier Kathleen Wynne refuses to acknowledge that this is the biggest part of the problem, it is a fact that was most recently covered by a report from the Centre for Urban Research and Land Development at Ryerson University in Toronto. That document noted that at the end of March 2017, there were only 932 new lowrise homes – including just 233 detached houses – available for buyers in builders’ inventories, compared with 17,854 in March 2007, and 1,001 in February of this year. At the same time, builders sold a monthly record 5,675 condo units in the GTA in March, up 38 per cent from 4,106 units in March last year. Including condo units, there were 10,153 new homes available for sale in builders’ inventories at the end of March, a 50-per-cent decline from 21,006 units in March 2016.

The only gesture the government offered to deal with the fundamental supply problem was to offer up some small parcels of surplus land. But even this failed to acknowledge other serious problems with the supply chain, such as outdated zoning and approval processes that can take six to eight years to show results.

Instead of taking responsibility for the problem and dealing with it in a meaningful way, the government adopted a tactic of misdirection and offered up rent controls across the province. This has little to do with solving the housing affordability issue but plays on the general public’s historically negative perception of builders and landlords as somehow being responsible for the problem.

This approach has been used by provincial and municipal governments in the past, however, there is some evidence that recent

media coverage of the GTA’s housing affordability problems has helped the general public to understand that is not accurate. Builders must keep housing prices as low as possible so they will have the future buyers they require to remain in business. It is all three levels of government that have driven taxes on a new home from three to 25 per cent, and benefit from continuous revenue increases as housing prices escalate.

Government has no incentive to lower housing prices, and is the only participant to benefit from pricing increases. Consider Land Transfer Tax (LTT) alone, where revenue was $1.8 billion in 2014-15, $2.2 billion in 2015-16, projected at $2.7 billion in 2016-17 and $3.1 billion in 201718. Residential construction is the biggest industry in Canada, and the tax revenue funds much of our quality of life, particularly when it

comes to sectors such as health care and education. Any decrease in these revenues would have serious negative political implications.

Rent controls are politically popular among a narrow range of constituents because they provide short-term relief. Unfortunately, they also cause medium- and long-term damage because builders stop developing new projects, causing a decline in rental supply. There are untold risks associated with developing highrise projects, and builders will naturally take whatever approach appears to offer the best return on investment. In an environment where condominium prices are increasing at 20 to 30 per cent per year, builders will stop developing new rental projects that would be subject to rent controls, and instead focus on developing condos that could be offered in the open market. Even this market will decline under rent controls because condo investors will stop purchasing units to offer for rent, since they will no longer be able to cover basic carrying costs.

A second negative impact of rent controls is a decline in facility maintenance. As landlords are no longer able to generate the revenue required to renovate and upgrade existing structures, they enter a state of decline. Over time, this generates many other conflicts between landlords and tenants. Without a business community to develop new rental apartment structures, investors to purchase and rent units or owners to properly maintain them, it is only a matter of time until the rental market goes into decline and clients suffer.

The Ontario government’s housing strategy has failed to implement any meaningful measures that could help in dealing with the GTA’s housing affordability problems, while needlessly harming the rental market across the province.

Wynne should begin preparing for single-digit popularity numbers.

John Herbert is the executive director of the Greater Ottawa Homebuilders’ Association’s and has been active in municipal, provincial, national and international housing issues for almost 50 years.

MAY 13 - 27, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 27

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