June 1 - 15, 2013 Volume 13 Issue 11
Eastern Ontario Edition
Your Best Source for New Homes and Condos
B u i lt F o r R e a l L i f e
inside this issue
SECOND ANNUAL OTTAWA CONDO SHOW
WHAT CANADIANS WANT IN A NEW-HOME LOCATION
WHY NOW IS A GOOD TIME TO BUY
139 Charlie’s Lane Carp 613 839 6675
you can have character without compromise
ONLY A FEW LEFT! EARLY OCCUPANCY HOMES AVAILABLE. Enjoy a walk-out basement facing a beautiful pond. These elegant 2-storey homes and bungalows blend modern sophistication with pastoral surroundings for an uncompromising sense of luxury. From $514,900.
W W W.HOLITZNER.COM
VISIT A HOLITZNER SALES CENTRE & TOUR OUR MODEL HOME TODAY! Mon. to Thurs.: noon to 7pm • Fri., Sat., Sun. & Holidays: noon to 5pm
OTHER HOLITZNER COMMUNITIES
YOUR LAST OPPORTUNITY! Early occupancy homes available. Singles and bungalows from $507,900. 606 Birchland Cres. (off Westridge Dr. between Abbott St. & Fernbank Rd.), Stittsville 613 831 3711
ENERGY STAR ®
standard in all Holitzner homes.
The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada.
Located in an established neighbourhood
Close to excellent schools, nearby parkland, fabulous amenities and easy access to local transit
Attractive front exteriors with charming curb appeal
Bright and open living spaces with an abundance of natural light
Private courtyards for entertaining and garden getaways
Community located near Longﬁelds and Woodroffe Ave.
From the low $300,000’s Follow us on:
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Courtyard townhomes and semi-detached homes up to 2,251 sq ft**
Unveiling of Brand New Designs!
Cambrian Rd. Kilbirn
AN EXCEPTIONAL NEIGHBOURHOOD OF COURTYARD TOWNS AND SEMIS IN BARRHAVEN.
LONGFIELDS AND STONEBRIDGE PRESENTATION CENTRE: 610 Kilbirnie Drive, Nepean Ontario K2J 0G6 Mon. – Thurs. 1pm – 8pm Fri., Weekends & Holidays 12pm – 5pm 613.692.9284
MONARCHGROUP.NET Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. *Extras noted above are as per plan and as specified by Vendor. Some restrictions may apply. Extras to be chosen at Monarch’s Home Design Studio. **Includes Finished space in Lower Level. *** Hardwood on the Main Level is in lieu of Carpeted area and main floor bedrooms. Hardwood flooring is as specified by Vendor as per the Vendor’s standard samples. ****Size of air conditioner to be determined by heat calculation study. Restrictions may apply. Please see Sales Representative for full details. E.& O.E. May 2013. 21429.
It’s never been a better time to buy a Monarch home. Enjoy incredible buyer incentives at all of our communities and make your dreams of a new home come true today.
NEPEAN STACKED TOWNHOMES from $189,990 Model Homes for sale THE LINKS · MODEL HOME
DISCOVER GOLF COURSE LIVING.
EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284
NEPEAN EXECUTIVE SINGLES from the mid $400,000’s EXECUTIVE TOWNHOMES from the high $200,000’s THE EVERGREEN · ELEV. B
LIVE ON THE GREEN.
EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284
KANATA TWO-STOREY TOWNHOMES from the high $200,000’s
OLD WORLD CHARM. NEW WORLD LUXURY. BLACKSTONE · MODEL HOME
EXECUTIVE 46' SINGLES from $441,990 EXPERIENCE CENTRE: 110 Westphalian Ave., Ottawa 613.831.2619
HOURS: Mon. – Thurs. 1pm – 8 pm, Fri.,Weekends & Holidays 12pm – 5pm
DESIGNER DECORATED MODEL HOMES TO VIEW AT ALL COMMUNITIES.
LIMITED TIME PROMOTIONS AVAILABLE. PLEASE SEE YOUR SALES REPRESENTATIVE.
MONARCH COMMUNITIES. MONARCH, CANADA’S OLDEST AND MOST EXPERIENCED BUILDER.
Save Thousands On A New Home Right Now!
Our special savings of thousands on Early Move-In Homes is quickly coming to an end. This is a great opportunity to enjoy life in our popular communities of Half Moon Bay in Barrhaven, Fairwinds in Kanata and Monahan Landing in Kanata. To save thousands and move in sooner rather than later, nowâ€™s the time to visit our Sales Centres. For details, visit www.mattamyhomes.com
All illustrations are artistâ€™s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
Townhomes From $219,990 Townhomes From $224,990 · · Detached Homes From $314,990 Detached Homes From $319,990
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Half Moon Bay Sales Centre: 3454 Greenbank Road, Barrhaven, 613.825.7932
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Townhomes From $224,990
Monahan Landing Sales Centre: 4845 Hope Side Road, Kanata, 613.271.0636
Fairwinds Sales Centre: 1776 Maple Grove Road, Kanata, 613.831.9369
Elev. ‘B’ Elev. ‘B’
Lot 163 – Single Car Garage, The Atrium ‘A’, 1,388 Sq.Ft., 3 Bedroom, Was $339,990 Now $309,990 Includes: $5,000 In Design Centre Upgrades, Hardwood Floors In Great Room, Granite Countertops In Kitchen. Move In February 4, 2014
Lot 264-1 – Village Home, The Thornbury End ‘B’, 1,391 Sq.Ft., 2 Bedroom, Was $263,990 Now $245,990 Includes: 3 Appliances, Ceramic Tile In Lieu Of Vinyl,Hardwood Floors In Kitchen & Living/Dining. Move-In November 5, 2013
Lot 10-2 – WideLot™ Townhome, The Berrygrove ‘B’, 1,126 Sq.Ft., 3 Bedroom, Was $277,990 Now $264,990 Includes: Rec. Room Ready PPO, 3 Appliances, Granite Countertops In Kitchen, Hardwood Floors In Lieu of Carpet on Main Floor, Ceramic Tile In Lieu Of Vinyl. Move In June 5, 2014
Sales Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm
Iconic homes and communities
Elegant new homes in Kanata, designed by Barry Hobin. (613.853.4302) MODELS
Stunning Estate homes, minutes from Manotick Village. (613.491.2277)
Urban living in Westboro, close to the Ottawa River pathways.
COMING SOON Contemporary living in Barrhaven, close to parkland and the Rideau River.
View our communities at uniformdevelopments.com
U N I Q U E
D E S I G N
June 1 - 15, 2013
volume 13 issue 11
cardel homes New family ties – growing connections in Longfields at Barrhaven
vice-president, Wall2wall media
Sales Manager, Eastern Ontario
editor-in-chief, national real estate
Bianca DiPietro editor
Wayne Karl contributing editors
Sara Duck, Elisa Krovblit, Lydia McNutt (on leave) sales co-ordinator, eastern Ontario
national account manager, mediative
Manager of production
Bala Gnanapandithan Production Co-ordinator
Condo Insert | C01-C32
Spotlight on Condos: Your guide to new condo communities in the Gatineau and Greater Ottawa Area
12 editor’s note C10 fundamentally speaking
Why now is a good time to buy a new home by Wayne Karl
32 in the news
Report shows what Canadians look for in a new-home location
34 the mortgage minute
Separating fact from fiction for first-time buyers
C28 home smarts
Baby grows up: the second annual Ottawa Condo Show by Marnie Bennett
by Peter Kinch
36 hot sheet
Two pages of community previews and openings
24 GOHBA Report
Drywall and your new home: shrinkage, temperature, settlement by Wayne Karl
community focus features C06 richcraft homes Move into Galleria 2 downtown now
Growing connections in Longfields at Barrhaven
Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
newhomeandcondoguide.com 1 Raymond St., Ste. 300 Ottawa, Ontario K1R 1A2 Phone: 613.729.1221 Published Saturdays, 2013 Publishing Schedule: Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1 Circulation: Free distribution in street boxes, stores, banks and financial institutions. Terms: Advertisers, editorial content and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial: Submissions from interested parties will be considered. Please submit to the address shown. The views and data expressed by columnists do not necessarily represent those of the publication. Copyright 2013: All rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Please recycle this magazine! Wall2Wall Media participates in the Partners In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.
4 beautiful model homes available for viewing
e d i t o r ’s n o t e
What rules your new-home choice? Lifestyle increasingly influential for buyers
ew-home buyers are often driven by different influences, but there’s no doubt lifestyle is an increasingly important factor. Whether you’re considering a home near the beach, a golf course or a city penthouse or pied-à-terre, you’re likely looking to compensate for what you don’t have in your current residence. The amount of living space is usually the issue – either too much or too little. Most young families are looking for more living space, which is why builders are designing homes with interiors that maximize every square foot of living space to make the most of your money. As we get older, the quest for living space may take a different direction. Downsizing is usually the answer, although many homeowners with existing homes in suburban or rural areas are acquiring townhomes or pied-à-terres in the city. An urban location gives owners and their friends a chance to enjoy the social and cultural activities of the city without having to drive for hours to get home. In today’s hectic world, your new home will be your retreat, so it’s important to find is to find a home that suits your needs and lifestyle. In this issue, we profile new communities which offer the perfect place to put up your feet, plus the latest industry news and features about buying and owning a new home. Enjoy!
Susan Legge Editor-in-chief Wall2Wall Media, Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
Location, location, location What’s important to you when looking for a new-home location?
hen looking for a new home, a number of factors come into play: How far from work? How close to schools and shopping? What other amenities are near by? The answers to these questions are varied and depend on your personal situation and preferences. A new survey from BMO Bank of Montreal, however, sheds some light on exactly what Canadians look for when searching for their perfect “location, location, location.” It comes as no surprise, either, that being close to public transit and having a short commute are among the features that rank most highly. But the number one priority? Being in a safe neighbourhood. This is where buying a new home gives you an advantage; many of the communities featured in New Home & Condo Guide are part of master-planned developments, with builders placing emphasis on the many considerations that are important to you. What makes your perfect location, location, location? We’re confident you’ll find the answers here in this issue.
Wayne Karl Editor Wall2Wall Media, email@example.com Follow me on Twitter at Twitter.com/WayneKarl
12 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
Imagine… your life begins here!
Actual Photo of One Bedroom Model Suite with European Extenzo®Ceiling. Free Extenzo® Ceiling in next ten units sold. • WOW! Fabulous MODEL SUITE. One-of-a-kind features! Must be seen! • Only ﬁve minutes from Downtown • Walk to Rideau River parkland, shopping and restaurants • Soaring Windows • Oversize Balconies • Best value in the city • LOW CONDO FEES! • 40% SOLD - Construction starting soon
350 Montgomery off McArthur www.SoniaCondos.com 613. 421.9736
Quarter Century Builder
MODEL SUITES OPEN
MONTAGE Condominiums Off Bank south of Billings Bridge 613.897.0044 firstname.lastname@example.org montagecondos.ca MOVE IN NOW!
M O N TA G E
of Hunt Club NEIGHBOURHOODS
NEIGHBOURHOODS of Hunt Club Adult Lifestyle Bungalows 613.738.1349 email@example.com longwoodbuilders.com/huntclub MODEL HOME NOW OPEN! DEEVY’S HOMESTEAD in Kanata Adult Lifestyle Bungalows 613.435.2155 firstname.lastname@example.org deevyshomestead.com Pre - construction pricing. Act now! MORRIS VILLAGE in Rockland Single Homes / Bungalows 613.446.1506 email@example.com longwoodbuilders.com/morrisvillage Best value for growing families. DORIMA Terrace Homes Tenth Line at Innes in Orleans 613.424.2901 • dorima.ca firstname.lastname@example.org Priced for First Time Buyers! Investors!
LONGWOOD MAKES DORIMA HAPPEN! with only 1% DOWN (as low as $2,100. Payments from $550 bi-weekly) You will also receive a CLOSING BONUS of $500 to cover lawyers fees AND $1500 for closing costs. *Some conditions apply. Visit Sales Ofﬁce for full details.
Quarter Century Builder
we won't charge you extra for your custom design Choose one of our many models Bring us your design Custom modifications to any models or designs Creation of a new custom design just for you ... all this as part of our service at no extra chaRge. Meet directly with owner Pierre, owner Michel or VP Stephan
CUMBERLAND, off Old Montreal Rd at 3km east of Trim Road. • 22 lots in a Private Cul-de-sac • 2 acres country Estate Lots (well & septic) D SOL D SOL
D LD SOLD SOLD SOLD SOLD D SOL SO SOL
D SOL D SOL
D SOL D SOL
• Underground services with Natural Gas and High Speed Internet • Minutes from schools, shopping, restaurants... • Only 3 premium lots remaining
6 LOCATIONS • CUMBERLAND: Camelot Estates: 2 acres Estate Lots. From the high $600's. • NAVAN: Mustang St.: ½ acre fully treed private Estate Lot. From the high $600's. • OTTAWA: Westboro: 2 luxury semi-detached homes. From the high $700's. • STITTSVILLE: Deer Run: 41’ to 54’ wide lots in a private crescent. From the mid $400's. • CARP: Westlake South Estates: 2 to 4 acres private Cul-de-sac Estate Lots. From the mid $500's. • ON YOUR OWN LOT
2 QUICK OCCUPANCY HOMEs FOR SALE IN STITTSVILLE FROM $529,900
jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 19
New Family Ties Growing connections in Longfields at Barrhaven
t’s a big question on the minds of new families: where are we going to plant roots? There’s so much to consider, from important things like schools, medical services and groceries to those “nice to haves” like recreation opportunities and a comfortable commute. Families want urban comforts and easy access to where they need to go. That’s part of the appeal of suburban communities like Barrhaven, where Cardel Homes recently unveiled Longfields, a brand new neighbourhood surrounded by parks, paths and greenspace. At just 20 minutes from downtown, Longfields is sure to be a popular draw for young families and anyone else looking for a relaxed lifestyle in an established area. Barrhaven is one of Ottawa’s fastest growing suburban communities. Residents love its perfect blend of modern comforts and historical connections. Being so close to Kanata helps too. Whether you’re going by car, train or transit, it’s easy to get there. A Cineplex theatre, Barrhaven Centre Station, Goodlife Fitness and the Nepean Sportsplex are just some of Barrhaven’s entertainment and recreation options, and major shops like Home Depot and Walmart are at arm’s reach. Restaurant options abound too – from quick-and-casual Tim Hortons to sushi, Boston Pizza and gourmet dining. When it comes to schools, Barrhaven residents enjoy access to a variety of English- and French-speaking options from pre-school to secondary. With so much to offer in Barrhaven, it’s no surprise that young families are choosing to call it home. 20 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
location Ottawa Barrhaven housing type Townhomes contact 613.424.6780 | cardelhomes.com
Barrhaven’s newest neighbourhood, Longfields, was designed to encourage family ties and community connections. Close to transit, first-rate schools, recreation and shopping, Longfields offers the best of urban conveniences in a family-friendly community. As a long-established builder with a commitment to communities, Cardel has a clear vision for Longfields. The first phase of that vision includes an innovative lineup of townhomes designed with families in mind. “We wanted to give buyers a choice,” says Greg Graham, President of Cardel Homes Ottawa. “So we designed two styles of modern townhomes with 10 floorplans.” Families can get the indoor-outdoor lifestyle of a private courtyard – perfect for
Longfields at Barrhaven
entertaining – or opt for a more traditional layout with a double detached garage. Loaded with features like hardwood, ceramic tile, nine-foot ceilings, 36-inch upper cabinets, two garage styles and several colours to choose from, Cardel’s townhomes also include finished basements, four appliances (Refrigerator, stove, dishwasher & microwave) and landscaping. Cardel hasn’t overlooked a single detail in their designs, which were crafted exclusively for Longfields. Floorplans range up to 2,137 square feet and include three bedrooms and two and a half baths. Spaciousness is at a premium too. All of the 10 floorplans designs are open-concept, making optimal use of space and maximizing natural light through large windows. Even with so many features included as standard, buyers can still select a whole range of additional options. At the Cardel Design Centre, professional designers guide buyers through an array of selections from fireplaces to nooks. Customizing your townhome to your family’s tastes and lifestyle is a big part of the fun. Who says crafting a home can’t be enjoyable – and affordable? “Longfields’ first phase is a chance for young families to get Cardel quality in an affordable multi-family home,” says Graham.
“With Barrhaven’s shops and services so close, Longfields is really about connections – to community, family and friends.” It’s those connections that make Longfields popular with more than just new families. Downsizers who want to maintain their ties to Barrhaven are looking to Longfields too. “What better way to stay close to the grandkids” says Graham. Early reservations are now being accepted on courtyard and double-garage townhomes, Single-family homes are coming soon. To learn more about Longfields and to reserve a townhome, call Nicholas Karrandjas at 613.424.6780 or email him at email@example.com cardelhomes.com
Barrhaven’s newest neighbourhood, Longfields, was designed to encourage family ties and community connections.
jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 21
ARNPRIOR’S PREMIERE BUILDER WITH 2 HIGHLY DESIRABLE COMMUNITIES TO CHOOSE FROM Luxurious Homes from $335,000
Riverwood Estates on the Madawaska River. Only 5 homes remain or let us build your dream home on one of only 3 available lots.
Affordability and Functionality… Singles, Bungalows, Semis and Towns
Callahan Estates in the heart of Arnprior next to Jed Creek. Phase 1 now released. Attached homes from low $220’s, Singles from $305,000.
NA B Mc
DA WA S
JAC K SH
A RIV ER
TO OTTAWA 17
Sales Office: 24 Wolff Cr., Arnprior 613-622-0033
Directions (from Ottawa): Hwy 17 West (Exit 180), left on Madawaska Blvd and follow the signs to Sales Centre. Hours: Mon-Thu: 11am-6 pm; Sat & Sun: 12-5pm. Prices availability suject to change with notice. E. & O.E.
campanale.com Optimised for mobile devices
spotlight on condos Eastern Edition
June 1 - 15, 2013
Downtown Living At
Your Pull-Out Guide to highrise, conversion, loft, terrace & townhome condo projects
spotlight on condos
JUST LIKE YOUR LIFE NOW. BUT WITH A CONCIERGE. And a fitness centre. And an executive boardroom. And world-class views.
AND A WHOLE LOT MORE. Who says you have to downsize when you move to a condo? Learn more about our amenities and the luxury lifestyle you could be living at Cathedral Hill.
Visit our sales centre at 440 Sparks St.
CATHEDRALHILL.CA | 613.566.7010
Step out of the current and into The Eddy — six storeys of green, urban condos that set new standards for architecture, design and smart, healthy living.
Visit our sales centre at 1000 Wellington St. W.
THEEDDY.CA | 613.701.0600
spotlight on condos
WE’RE LOWERING THE SKYLINE. AND RAISING THE BAR.
Ar tist’s rendering. E. & O.E.
Carefree 1000 Islands Living Brockville’s newest and most exciting 10-storey condominium development. Buy now for the best choice of suites and river views.
• Premium waterfront property, offering beautiful views of the 1000 Islands region of the St. Lawrence Seaway • Within walking distance of downtown Brockville and only a short drive to Ottawa, Kingston and Toronto • Exceptional on-site amenities including walkout shoreside patio, indoor pool and hot tub, exercise room and indoor parking • Green design includes superior indoor air quality and energy saving, geo-based heating and cooling system
spotlight on condos
VIEW: 6TH FLOOR SOUTH WEST
1.855.445.0445 | THEWAYFARE.CA
spotlight on condos
ONLY 5% DOWN PAYMENT
spotlight on condos C6
Move into Richcraft’s
Galleria 2 Downtown Now!
othing beats location, and Richcraft Homes’ Galleria 2 on Besserer Street, a prime downtown location in Ottawa, lets you live an urbane lifestyle for an astonishingly affordable price – and you can move in right now! Galleria 2 is an elegantly designed condominium set between the Byward Market area and the University of Ottawa. The superb location provides a perfect blend of urban sizzle and established neighbourhood. Walk to work, to the Rideau Centre, the National Arts Centre, the National Gallery and all of our nation’s capital’s fantastic inner city amenities. Buy one-of-a-kind gifts, get fresh farm produce, eat fantastic foods and enjoy the entertainment of the Byward Market. Although underground parking is available, you won’t even need a car to live here. Marketing Manager Shawn Bellman says this is currently the only downtown condo which is built, open and ready to move into and it offers wonderful extras like a current pool, gym, his and hers saunas, a lounge with a complete kitchen, and an outdoor terrace.
Buy one-ofa-kind gifts, get fresh farm produce, eat fantastic foods and enjoy the entertainment of the Byward Market.
The condo units have huge windows to maximize natural light and the views of the city and the Gatineau Hills. Inside Galleria 2 features engineered hardwood flooring, granite countertops throughout, and four stainless steel appliances: a refrigerator, mounted microwave oven, stove, and dishwasher, as well as a washer/dryer combination. Prices start at only $277,000, and units range from 590 to 1,004 sq. ft., with either one or two bedrooms, and for a limited time you can get in with a five per cent down payment. Itâ€™s no wonder that of the 196 units over three-quarters are already sold, and many are occupied. There are five model suites available to view and Bellman says other residents are a mix of first-time buyers, singles and couples, empty-nesters and young professionals. Condos here are also great investments and appreciating in value rapidly, so the time to get in is now. Architect Rod Lahey designed the classic but contemporary 15-storey building at the corner of King Edward Avenue and Besserer Street. Besides the market and university, the area offers the Ottawa Little Theatre, skating on the canal in the winter, enjoying Canada Day on Parliament Hill, walking distance to all kinds of stores including all the Rideau Centre has to offer, and Casino Lac Leamy and Gatineau Park just across the Ottawa River. The natural peace of the Rideau River is nearby too, as well as parks and shady streets for quiet strolls in the Sandy Hill neighbourhood. The Sales Centre is located at 238 Besserer St., open Monday to Thursday 11 a.m. to 7 p.m. and Saturday and Sunday 10:30 a.m. to 4:30 p.m. For more information visit richcraft.com, or call 613.232.7333.
location Downtown Ottawa housing type Condominiums, 590 to 1,004 sq. ft. starting price From mid $200â€™s Occupancy: Immediate sales office 238 Besserer St. Monday to Thursday 11 a.m. to 7 p.m. Saturday and Sunday 10:30 a.m. to 4:30 p.m. contact 613.232.7333 | richcraft.com jun 1 - 15, 2013 | New home & Condo guide eastern Ontario C7
You’ve never seen anything like it, and it’s how you want to live now.
spotlight on condos
Visit LiveQWest.com today to learn how. This is your Q.
ONE-bedroom Junior Suites from $323,150
Your Home Near The Hill
You want to live where downtown spirit meets community character. Where your prime location is your pathway to the best of Ottawa. Where bountiful green space blends naturally into your day. Where smart design shapes the experience outside and in. Where everything just clicks. SMART CONDO LIVING AT THE HEART OF CENTRAL PARK ON MERIVALE. STARTING AT MID $200s.
ashcroft-homes.com LiveQWest.com benext.ca 613.221.5926 613.221.5913
THE PRIME SUITE COLLECTION
DESIGNED TO IMPRESS
SOPHISTICATED LIVING FROM $198,900 — PRESENTATION CENTRE AT 199 SLATER STREET (BETWEEN BANK AND O’CONNOR) THESLATER.CA 613.230.0199 MON & TUES 12-6 PM • WED & THURS 11-7 PM • FRIDAY 12-6 PM • SATURDAY 12-5 PM Sparks St.
MORE THAN AN ADDRESS
CENTRAL BUSINESS DISTRICT
spotlight on condos
Understated and elegant, The Slater is undeniably lovely, inside and out. The graphic black and white exterior is a nod to the streamlined genius of mid-century design. A bold black grid overlays clean white elements, evoking the iconic design of a well-known French fragrance, with all the allure and sophistication to match. The Slater is beautiful by day, but when the sun goes down, it’s nothing short of breathtaking. A series of glass boxes light up the darkness, creating geometric patterns of light, adding warmth and drama to the streetscape and illuminating the night.
Planning to buy new?
Now is a good time by wayne karl
Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at firstname.lastname@example.org or follow him on Twitter at Twitter.com/WayneKarl
straints, regulatory requirements and a you’ve heard this adage, originally a quote from Mark Twain, but what you complex approval process fraught with may not realize is just how prophetic the sentiment has become, particu- delays are seriously challenging the vitality larly in many of Canada’s larger cities. of the lowrise sector, as well as housing A recent review of 2012 from the Building Industry and Land Devel- choice for the new-home buyer.” opment Association (BILD) and RealNet Canada Inc., for example, proWhat the industry is effectively saying vides some excellent insight into just how the market works. More im- is that if the problem were to persist unportantly, it underlines how challenging land availability is becoming for checked, affordable detached homes in some the home building industry – and, though they may not realize it yet – for cities might become a thing of the past. consumers. Tuckey and Deveaux are focused on the A recent conversation with a prospective new-home buyer illustrates GTA, of course, but their counterparts in the point from the latter’s perspective. John Brown (not his real name) Ottawa, Hamilton and elsewhere in the was discussing his plans to buy a new lowrise home and, after reading province are citing similar challenges. reports that “the housing market is slowing,” he said he decided to wait One builder recently recounted a story a while, until, in his words, “prices come down some more.” about how one municipality instituted at Prices may indeed dip in some areas, and in some housing categories, 125-per-cent increase in development charges but the generalization that new lowrise home prices are going to come – 125 per cent – as the city in question (and down is not accurate. others across the province) tries to improve Perpetuating a common misconception, John fails to differentiate the on decades-old infrastructure. The company new home market from resale. Generally, the new home market is very saw talking the municipality down to only a different from resale, and the factors that influence each are distinct. 100-per-cent increase as a victory. Now is still a good time to buy a new home, and here’s why. The net effect of this action is that each In the Toronto example, the issue affecting new home sales is not homesite in the proposed development in the “slowing market,” but rather land supply and other challenges spe- question begins at $65,000 – before a shovel cific to the home building industry. even hits the ground. The results speak for themselves. Lowrise new home sales were down What effects new home prices more than 20 per cent for 2012 – the second lowest level since 2000, according to market conditions is hard costs – land, maRealNet and BILD in their annual review. Over the last four years, lowrise terials, trades and developments fees – and supply has declined by 52 per cent – meaning less choice for buyers. none of those is going down. Prices, meanwhile, climbed 44 per cent over that period – which is good If you’re lucky, you may find a builder for people who bought new homes in that time, but less so for prospec- selling off remaining lots in a community by tive buyers on the new-home hunt now. offering incentives such as upgrades to standard features, credits in décor centres or What’s affecting supply to such an extent? design services – or slight discounts off invenAs BILD president and CEO Bryan Tuckey explains: “The decline in tory. But developers are more likely to delay lowrise sales is a direct result of provincial public policy that has encour- a project launch, rather than lower prices. aged intensification in existing communities and constrained land supply So, John and other prospective new-home in the regions surrounding the city of Toronto.” buyers – there’s no need to wait. If you’re fi“Governments must acknowledge that the constraints being placed on nancially prepared (and the Bank of Canada the market, particularly in the lowrise sector, are having dire results,” BILD recently, once again, announced it was holding First Vice-Chair Steve Deveaux said in releasing the review. “Land con- interest rates), now is a good time to buy.
“Buy land, they’re not making it anymore.” No doubt
C10 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
spotlight on condos
spotlight on condos
spotlight on condos
spotlight on condos
Indulge your senses with over 12,000 square feet of luxurious indoor and outdoor amenity space. Exquisite podium garden, state-of-the-art fitness centre, elegant dining rooms, expansive lounges and rooftop terraces with sweeping views across the city and river. Make this your view. 99 PARKDALE SALES CENTRE
1546 Scott Street 613-722-2792
New. Tailored. Space. The Kavanaugh is an urban architectural gem with inspired spacious layouts , customized for you. Your closet is only the beginning.
Urban condos by Domicile thekavanaugh.ca • 222 Beechwood Avenue • 613.868.7597
spotlight on condos
• Construction underway •
Visit our Sales Centre featuring two fully furnished models
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Your world. Your life. Introducing the exclusive world of Icon. Claridge Icon is a world unto itself. Ottawa’s tallest residential tower. Located at the intersection of Carling and Preston, overlooking Dow’s Lake, it is an icon of uncompromised design, extraordinary services and amenities. An icon of sublime suite designs for those with towering expectations. An icon that proudly announces Ottawa’s coming of age. We invite you to register today and reserve your new home at Claridge Icon.
Grand Opening. Presentation Centre Now Open!
Mon-Thurs 12-7_Fri Closed_Sat, Sun & Holidays 12-5
claridgeicon.com _ T 613.695.1441 Sales Centre_ 505 Preston St. [at Carling]
Carling Dows Lake
Sizes and specifications subject to change without notice. E. & O. E. Illustration is artist’s impression.
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spotlight on condos
CONSTRUCTION STARTS SOON! PRE-CONSTRUCTION
MAY 23 - JUNE 23
FOR THE NEXT 20 BUYERS NO MORTGAGE PAYMENTS FOR ONE YEAR!* One Bedroom, Two Bedroom and Penthouses from $185,900
Sales Centre + Model Suite
Laurier Ave W
203 Catherine St (East of Bank) twitter.com/ bradjlamb
For more info, call 613.257.8887
Sat + Sun 12-5 | Mon - Wed 12-6 | Thu 3-8
Somerset St W O’Connor St
* The “No mortgage payments for one year” offer will be applied as a cash-back credit at final closing based on 75% of the purchase price with a mortgage rate of
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2.6% amortized over 25 years.
MO dE V ls E
uI IN tE NO 20 w 14 Op EN
OWN A PIECE OF THE GLEBE Minto@lansdowne offers stunning 1 & 2-bedroom condominiums with beautiful open-concept layouts and spectacular views from two locations in the heart of the Glebe. Live just steps from a new Whole Foods and LCBO, the new Frank Clair Stadium, and world-class cafĂŠs and restaurants. Suites starting from $309,900 to $710,900. Act now and move in as early as 2014.
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Monday - Thursday: 12pm - 7pm Friday to Sunday & Holidays: 11am - 5pm
Email: email@example.com Sales Centre: 5th Avenue Court 831 Bank Street 613 788 2784
All areas and stated dimensions are approximate; sizes and specifications are subject to change without notice. All illustrations are artistâ€™s concepts only and not to scale. E. & O. E.
Li NE m ite W d SU tim IT e ER $1 E 5, LE 00 A 0 SE bo nu s!
Once in a lifetime views. UpperWest. 25-storeys of stunning architecture. A landmark address in the heart of vibrant Westboro. Just steps from upscale dining and shopping, gorgeous parklands and trails. Located on the Parkway, your magnificent, federally protected 25-acre backyard will never be built on. Enjoy privileged, unobstructed views of the vast green and blue expanses of the Ottawa River Parkway and Gatineau Hills. O
UpperWest. Never before. Never again.
r ve Ri
UPPERWEST Richmond Rd. Churchill Ave.
Upper Sky Collection 2 Bedroom Suites from $528,400
1 & 2 Bedroom Suites from $254,900
Sales Centre Hours: Monday to Thursday 12:00PM – 7:00PM A joint development with:
Friday, Weekends & Holidays 11:00AM – 5:00PM
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C21 Limited time bonus subject to change at any time. Non Broker deals on bonus offers only. Some conditions may apply, see sales representative for full details. Prices, sizes and specifications are approximate and are subject to change without notice. All illustrations are artist’s concepts only and not to scale. E. & O. E.
NOW OPEN FROM $218,900 * LOCATION MEETS LUXURY Blending urban convenience with suburban comfort, Brownstones
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at Place des Gouverneurs is located only minutes from Ottawaâ€™s
downtown core, and walking distance to shopping at St.Laurent Centre and many area amenities. The Brownstonesâ€™ luxurious condo flats feature stone and brick cladding, elevators, modern one, two and three-bedroom designs, private balconies.
* Prices & bonuses subject to change without notice
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8865, North Service Road, Orleans
QUICK OCCUPANCY PROMOTION
158 Loreka Court Road, Stittsville
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QUICK OCCUPANCY PROMOTION
128 McGregor Road, Carleton Place
‘‘Proud to build a better quality of life’’
LIVE ON THE PARK WALK TO THE RIVER
PARKSIDE EXECUTIVE STACKED TOWN HOMES
Model Open Weekday Mon.–Wed. 4–7pm Weekends 12pm to 4pm
Montreal Rd. Queensway
Immediate Closings Upgrades Included SEE AGENT FOR DETAILS ON UNITS AND CONDO FEE PROGRAM.
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LY N O Y R T R F E U L H MES 6 HO
Making dreams a thing of the present
24 modern, unique and fully appointed luxury garden suites on Stittsville Main Street.
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Construction START BONUS on NOW till the end of June
$10,000 in design upgrades PLUS 5-pc appliance package Starting low 300's
Early 2014 Occupancies Sales centre: Sat/Sun 12-4pm Wed 12-6pm or by private appointment call
MAASive Corporation 1488 Stittsville Main Street (across from construction site)
Give your weed wacker away. - 9' ceilings - Private balconies - Elevator
CONDOS + TOWNS
- Storage - Radiant in-floor heating
- Secure, heated, underground parking
In communities all over Ottawa
VISIT OUR MODEL SUITES Sales Centre: 151 Potts Private, Unit 103 Hours: Mon - Thurs: 12 pm – 7 pm, Friday - Sun: 12 pm – 5 pm 613.424.6780
Built for real life. CARDELHOMES.COM
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2 BEDROOM CONDOS
With landscaping taken care of, it’s time to put your feet up in a Cardel condo at Notting Hill South.
Marnie Bennett is a broker and the marketing director for Bennett Property Shop Realty, a full premium service real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a wealth management coach. bennettpros.com
Our baby’s growing up:
The second annual Ottawa Condo Show by Marnie Bennett This time last year, I was eagerly anticipating our first
ever Condo Show. Like a first-time parent, I was both excited and nervous; I didn’t know quite know what to expect. Today, as we send out invitations for the second annual Ottawa Condo Show, those nerves have given way to pride: our baby’s growing up! My team and I know our way around the city’s condo scene. And it’s been our experience that, as prospective buyers travel from sales centre to sales centre, shoppers’ fatigue can set in pretty quickly. Though it had never been tried before in Ottawa, it seemed like a no-brainer: for one day, we’d gather those sales centres in one central location, giving the public a rare chance to investigate the options in one fell swoop. So last summer, for the first time, Bennett Property Shop Realty invited builders from across the Ottawa region, representing condos of every description and price range. Did it fly? It did. More than 400 people attended, and our seminars were jam-packed. The feedback confirmed our suspicions: buyers appreciated that we were saving them legwork, and giving them quick access to projects they might have missed. For many, it sped up the condo shopping process significantly. C28 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
This year, we’ve got more builders and more condos: from preconstruction to immediate occupancy, from entry level bachelor condos to luxury penthouses. Builders are offering exclusive savings – up to $10,000 in some cases – for Condo Show attendees. We’ve got a booth dedicated specifically to resale condos. And again, we’re offering seminars on topics ranging from financing to interior design. I’m particularly thrilled to announce that Olympic hopeful Cody Sorensen will be on hand – bobsleigh in tow – to meet the public, sign autographs and talk about what inspires him. The Bennett team is extremely proud to be Cody’s official sponsor: we believe in dreaming big, and it doesn’t get bigger than Olympic gold. So, we hope you’ll join us at 190 Lisgar St. on Tuesday, June 18, 2013. Visit our website at ottawacondoshow.com to register for your VIP pass.
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We’re Back in Barrhaven!
And in a Perfect Location for Downtown Commuters
4 Products to Choose From… Condo Flats, Terrace Homes, Apt Condos, and Executive Townhomes…
SOUTH NEPEAN PARK
TRAN SITW AY
K RO AD
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Priced from $244,900
641 Longfields Dr., 613-440-3750 Sales Centre Hours: Mon-Thu 12-8pm Sat/Sun: 12-5pm. Closed Friday. Prices availability suject to change with notice. E. & O.E. *See Sales Representative for full details.
spotlight on condos
spotlight on condos
Drywall and your new home
Shrinkage, temperature, settlement by John W. Herbert Drywall nail pops and cracks are a common occurrence in new homes and they can occur to varying degrees in each home depending on several factors. The three most common causes of cracks and nail pops are the drying of wood framing material (shrinkage), temperature changes associated with the four seasons and normal settlement. These factors contribute to the drywall cracking and nail pops at the wall and ceiling corners (inside and outside corners). This is especially common in every home built in our northern climate and is usually more prominent during the first year of occupying a new home. For this reason, most new home builders recommend waiting a minimum of one year before applying custom paint colors to walls or ceilings. This is also the same reason that most builders use a mid quality paint product that is builder grade as they are aware most homeowners will add their own paint colors to match their taste and choice after patching drywall cracks and nail pops. In addition, it is much easier to determine color and texture choices once you have lived in your home for a while and get a feel for what design elements would work best for you. The Tarion Warranty Corp. Construction Performance Guidelines that govern minimum warranty requirements and protect Ontario new-home buyers considers the occurrence of nil pops and cracks:
One-Year – Work and Materials • Cracks resulting from normal shrinkage of materials due to drying after construction are excluded from the statutory warranty. For further details regarding nail pops and cracks, visit tarion.com to review the construction performance guidelines in their entirety.
Truss uplift The occurrence of truss uplift is most frequently reported during the colder months of the year, as temperature is one of the primary factors influencing this condition. Truss uplift becomes visible when the bottom chords (the ceiling joist part of the truss above your ceiling), which are covered by insulation, stay warm and dry but the top chords are exposed to moisture changes. The resulting stress causes the truss to lift up at its center thus causing cracks and gaps to appear. 24 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
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
Signs of truss uplift are observed as gaps between the wall/ceiling juncture and usually measure four mm or less. It is important to note that this does not represent a structural problem or defect, but at worst is a cosmetic issue that in some cases could repeat itself every year during the colder months. As this does not occur in all homes and is often the result of conditions beyond a builder’s control, no action is required unless the gap exceeds four mm. Although there are a number of ways that this cosmetic condition can be remedied, the easiest is to install crown moulding directly connected to the ceiling. (Where the condition is within the acceptable tolerance, the cost of repair would be the responsibility of the homeowner). By using this technique, the molding is allowed to move freely up and down whenever truss uplift occurs and because the molding is not attached to the wall this movement does not affect the molding. Best of all, the gap is no longer visible and the fix is cosmetically pleasing to the eye. A variety of contractors can be hired to perform this type of work, such as trim installers, carpenters or general contractors. Lastly, Tarion’s Construction Performance Guidelines state the following: Cracks resulting from normal shrinkage are acceptable; crack width in excess of four mm is not acceptable. OneYear – Work and Materials • Cracks resulting from normal shrinkage of materials caused by drying after construction are excluded from the statutory warranty. For further detail regarding truss uplift, visit tarion.com to review the construction performance guidelines in their entirety.
ONLY ONE INVENTORY HOME REMAINING FOR IMMEDIATE OCCUPANCY OR LET US BUILD YOUR DREAM HOME ON ONE OF OUR 5 REMAINING LOTS.
www.campanale.com Like us on Facebook: facebook.com/CampanaleHomes Sales Centre: 213 Madhu Crescent (off Kochar Drive), Ottawa
Sales Centre Open: Saturday, Sunday, Monday and Tuesday Hours: Weekends 12-5pm Monday, Tuesday 12-7pm Viewings on other days of the week are by appointment only.
IN THE MARKET FOR A
OR A CONDO?
We think finding a home is a lot more than simply finding the right property. Thatâ€™s why we put you right in the middle of the search process.
Search your favourite neighbourhood
Find out about nearby services and amenities
View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place.
26 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
SOPHISTICATED AND PRIVATE, AVEIA OFFERS 60 BARRY HOBIN DESIGNED TOWNHOMES IN A BOUTIQUE STYLE ENCLAVE IN ORLEANS.
Inspired by the poetry of nature and todayâ€™s contemporary living, the AVEIA collection offers a choice of chic homes in harmony with
HOURS: Sat-Sun: 12:00pm - 5:00pm Mon-Thurs: 1:00pm - 7:00pm
your individual lifestyle.
Fri: By appointment only
Sophisticated design features include: 9 ft.
VISIT OUR SALES CENTRE TO LEARN MORE:
ground floor ceilings, hardwood in the living )
and dining rooms and granite countertops in the kitchen.
17 (4 AY W NS
Starting From: $329,900.00 | Over 50% Sold
1024 Old Montreal Rd. Ottawa ON PHONE: 613.834.8828
VIEW OUR MAGAZINES ON ANY
DIGITAL DEVICE ANYTIME
Now you can view all of Wall2Wall Mediaâ€™s publications online, anytime, using your mobile, PC or tablet
NewHomeAndCondoGuide.com Published by
28 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
Grand Opening! July 6th & 7th 10am - 6pm
Newly designed luxury homes are nestled into an unparalleled community featuring exposed Cambrian Granite Shield and breathtaking views from each grand and expansive yard. Located minutes from the Kanata Centrum Shopping Complex, urban amenities and the 417. Nowhere else in Ottawa will you find such open space, natural character and stunning homes, all in one place.
103 Grand Mana Circle, Ottawa, ON 613-297-9901 â€˘ firstname.lastname@example.org
Mon- Wed 12 - 6pm and Sat-Sun 12 - 5pm or by Appointment jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 29
IT’S NOT TOO LATE TO… DISCOVER EASTERN ONTARIO’S HOMETO… BUILDERIT’S NOT TOO LATE ONE STORY AT A TIME DISCOVER EASTERN ONTARIO’S HOME BUILDERONE STORY AT A TIME • Larger Format • Industry Insights by Eastern Ontario’s Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice
2013 Home Builders’Annual Now Available! Contact email@example.com 613.729.1221 to receive your FREE copy! homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license.
30 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
6 1 3 - 4 2 5 - 5 2 5 5 Sales representative:
Rotary Way Loosestrife Way
Also SINGLES & BUNGALOWS
*Prices subject to changes without notice. E. & OE.
995 Rotary Way (off Bank Street near Leitrim Road) Sales office hours: Mon – Thurs: 12pm – 7pm, Friday: Closed, Sat – Sun: 12pm – 5pm
Location, Location, Location BMO report shows safety, quiet street and good neighbours are top priorities for homebuyers
and prioritize them in order of highest to consider when deciding on the right location to buy a lowest importance.” home, Canadians view the safety of a neighbourhood to The poll also revealed that significant be the most important (63 per cent) feature of a differences become apparent when home’s location, according to a new BMO Bank of comparing the national averages to firstMontreal survey. time homebuyers. For instance: The survey, conducted by Pollara, also found that » Having a short commute to work is living on a quiet street (43 per cent), having good more important to first-time buyers neighbours (30 per cent), having a short commute to than the average buyer (34 per cent work (28 per cent) and being near family and friends (25 versus 28 per cent) per cent) rank high on Canadians’ list of location priorities » Living near public transit (28 per cent when buying a home. versus 19 per cent) is also higher on “Everyone has a unique set of personal and financial the priority list for first-timers than priorities, so it’s important that those particular needs repeat buyers are considered when deciding on the right location to purchase a home,” says Laura Parsons, mortgage expert, However, living on a quiet street BMO Bank of Montreal. “Taking a practical approach (30 per cent versus 43 per cent) and having to home buying is the key to preventing yourself from good neighbours (21 per cent versus getting ‘swept away’ by the bells and whistles of a house. 30 per cent) are far less important to Home buyers should make a list of needs versus wants first-timers. While there are a number of factors to
32 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
“Getting pre-approved financing, choosing a fixed rate and stresstesting mortgage payments in advance of buying a home can provide peace of mind and help home buyers become mortgage-free sooner,” adds Parsons. Parsons encourages buyers and sellers to be aware of “Realtors are always available to help any changing conditions on the local level. “If planning to buyers find the property that’s right for buy or sell a property, consider working with an expert who them,” says Laura Leyser, president of can help you make decisions that are appropriate to the The Canadian Real Estate Association. health of your local market, and more importantly, that fit “And to provide consumers with information within your particular personal and financial priorities. to help them through this difficult and “Getting pre-approved financing, choosing a fixed rate emotional process, our Homebuyers’ Road and stress-testing mortgage payments in advance of buying Map, developed in collaboration with the a home can provide peace of mind and help home buyers Financial Consumer Agency of Canada, become mortgage-free sooner,” adds Parsons. is available online at crea.ca/resources
Short commute to work
Near friends and family
Near stores and restaurants
Near public transit
jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 33
separating fact from fiction for first-time buyers by peter kinch
If you’re a first-time home-
buyer, you’re hearing a lot of talk in the real estate market these days. Will prices go up? Will the market crash? Will I ever be able to afford a house? How will the new mortgage rule changes affect me? How will I ever pay off this debt? It’s easy to get caught up in all the noise, but harder to separate the fact from the fiction. As I edge closer to celebrating my first half century on this planet, I find myself using the phrase “If I knew then…” more and Time is your ally. more – which got Time can turn me thinking about next wave of any bad real estate the first-time homebuydecision into a ers, and what pearls good one. of wisdom I could bestow on them. 34 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
I had an interesting conversation with a colleague the other day regarding property values in Vancouver. He relayed me a story of a friend who had bought a house on the west side of Vancouver in the mid 1990s and it is now worth more than four times the amount he paid. In terms of equity, it was the equivalent of winning the lottery. We pondered the question, what will people be saying 20 to 25 years from now? Is it quite possible that a young 25-yearold couple today might look back in the year 2033 and say “If only we had bought that house back in 2013? Why didn’t we? Oh yeah, there were new mortgage rules and a lot of global uncertainty…” Here are a few things that I’ve learned about real estate 1. Real estate has peaks and valleys, but there has never been a future peak that is lower than the past one. Just give it time. 2. Time is your ally. Time can turn any bad real estate decision into a good one. 3. Equity is your safety net. It can supplement a pension and give you financial options in later years. 4. Your mortgage is a forced savings program.
Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at firstname.lastname@example.org
heated housing market. Again, this is to the advantage of first-time buyers because it will help to bring house prices back within your range.
So let’s assume that 20 to 25 years from now, you’ll be looking back and saying to yourself one of two things ›› I’m sure glad I bought that first house, or ›› I wish I had just bought something back in 2013 A lot of people are in this situation today and paralyzed by all the noise around them. And in the absence of facts or perspective, fear will take over. So what are the factors that are influencing your decisions today?
Global uncertainty There is no doubt that we live in an age of global uncertainty and face the threat of financial chaos in Europe and a pending credit crisis in the U.S. However, this is not the first time our world has faced these challenges, and it won’t be the last. The key factor to look at is what you can control in your world. Ask yourself about your own employment options – your own employment future. The key to creating long-term wealth in real estate through equity is your ability to afford your monthly mortgage payments and making them consistently over a long period of time – regardless of what is happening on the other side of the world. If you do so, one day you’ll wake up and realize two things: 1. Your mortgage is paid off, and 2. Your house is worth more than the day you bought it – regardless of what happened during the years in between.
Mortgage rules Yes, there are new mortgage rules that have been implemented over the past Your mortgage is paid few years, but in some respects, this could be to your advantage. Many off, and your house is So if you’re a first-time homebuyer in first-time homebuyers are unaware here’s my advice to you: create worth more than the 2013, that you can still buy a home with as a budget that you can afford and be day you bought it – little as five per cent down. The main comfortable with. Buy a home that regardless of what rule change that impacts your ability does not put a strain on your budget. to afford a home is that you can no happened during the Focus on taking baby steps and don’t longer access a 30-year amortization. get overwhelmed by the big picture. years in between. Your payments will now be deterMake the monthly payments into that mined based on you paying off that forced savings program called a mortmortgage over a maximum 25-year period. Although this gage, and then let time be your friend and real estate will does make your payments a little higher in the beginning, do what it has done for many generations before – eventuit increases the amount of equity you build with each ally go up as your mortgage goes down – and that is what payment (remember your forced savings plan). we call “creating equity.” In addition, the rule changes imposed by the governAnd then maybe, just maybe, as you’re about to celment have had the exact effect they were hoping to ac- ebrate your first half century on this planet, you‘ll look complish, which was to slow what was becoming an over- back and say, “I’m glad I got started in 2013.” jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 35
Ottawa Eastern Ontario Gatineau Regions
ashcroft Homes Central Park • the next Live where downtown spirit meets community character. Where your prime location is your pathway to the best of Ottawa. Where bountiful greenspace blends naturally into your day. Where smart design shapes the experience outside and in. Where everything just clicks. The Next brings it all together – brilliantly. Smart condo living at the heart of Central Park. Starting at mid $200’s. Register now for VIP pricing at benext.ca Westboro • QWesT A stroll under the arches and along Sisters’ Walk will be enough to convince you of how greenspaces and good design make life beautiful at Q West. The Q West team’s inspired vision both preserves and enhances this landmark property. Just released, second floor terrace suites! Visit our model suite located at the corner of Richmond Rd. and Leighton Terrace in Westboro or call 613-221-5926 liveqwest.com Boulet homes Ottawa • aveia Sophisticated and private, AVEIA offers 60 Barry Hobin designed townhomes in a boutique style enclave in Orleans. Ideally located on a private road, with one main entrance and models that back onto a beautiful creek, Aveia homes have been inspired by the poetry of nature and feature 9 ft. ground floor ceilings, hardwood in the living and dining rooms and granite countertops in the kitchen. 1024 Old Montreal Road, Ottawa ON. email@example.com 613834-8828. aveia.ca CARDEL HOMES KoL CONDO • Blackstone New condos coming soon in Blackstone! We’re excited to bring a sleek collection of modern condos to, Kanata’s newest master-planned community, Blackstone. Featuring top-quality finishes in a contemporary building, KoL at Blackstone will offer the best of low-maintenance living. Register today to receive updates on this exciting new community. cardelhomes.com LONGFIELDS • Barrhaven New community coming soon in Barrhaven! Featuring new home design surrounded by greenspace with quick access to shops, services, recreation and schools. Register today to receive updates on this exciting new community, coming soon. cardelhomes.com Cartier wellington Gatineau • Cartier wellington New landmark exterior composed of metal, glass and masonry built to LEED ecological standards, contemporary architecture offers you energy efficient, ecological and innovative 14-storey modern structure. Windows engineered for thermal efficiency give abundant natural light in every living space. Already 50 per cent sold. Pre-construction pricing still in effect! cartierwellington.ca Construction Chabitat Gatineau • Les Vieux Moulins Splendid condos, condoclimat, designed for you by professionals. Come visit the sample unit at 14 - #2, des Alluchons Gatineau St., Gatineau (Aylmer Sector). chabitat.com DOMICILE BEECHWOOD VILLAGE • The Kavanaugh The Kavanaugh offers village life in the city: quaint but with cachet – and just minutes from Parliament Hill. Famed bistros and bakeries line a streetscape surrounded by greenspaces, bike paths and landmarks. 613-897-7873. thekavanaugh.ca Ottawa • HŌm Introducing HŌm, nestled beside Ottawa’s Little Italy and Dow’s Lake. Everything’s within reach – including the price. 613-728-7873. hombydomicile.ca wellington west • ONE3ONE one3one is at the centre of the urban, tasteful and cultural Wellington West. All units with access to a rooftop terrace, rear courtyard, guest suite, fitness room, yoga room and a party room/entertainment room. Pre-register online or call 613-728-7873. one3one.ca Holitzner Homes CARP • HIDDEN LAKE The only large lot development in the West End, this private enclave features award-winning single-family homes, bungalows and two-storey homes built on spacious fully serviced sites surrounded by natural landscaped settings. Greenspace lots are also available with lake views. holitzner.com
36 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
High street in Carleton Place • Highgate Two-storey homes and bungalows on 50- and 60-ft. lots, from 110- to 175ft. deep. Pie shaped lots in a quite cul de sac and some lots backing onto greenspace. All homes are Energy Star qualified. Starting in the low $400’s. holitzner.com, sales office located at 139 Charlie’s Lane in Carp. 613-8396675 or firstname.lastname@example.org. Stittsville • Deer Run Final Phase now open – your last opportunity in Stittsville. Your choice of bungalows, main floor master homes and large two-storey homes on beautiful 46- to 50-ft. pie-shaped or wide lots backing onto greenspace. LA Group EAST OTTAWA • UPPER EAST SIDE Final block under construction, only 12 executive stacked towns remain. Prime parkside location still available. June 2012 occupancies. Call 613-747-8863. uppereastside.ca Kemptville • Kemptville Meadows Discover higher value at a lower price! Stacked townhomes from 1,138 sq. ft. from only $219,500. Due to overwhelming demand, Phase 3 is now also under construction! Ask about Zero Down Payment Program and Limited Time Bonus Offer! Come tour our Model Home. 206 Fir Lane, Kemptville. 613-366-2007. kemptvillemeadows.ca Lamb Developments OTTAWA • Gotham Coming soon to centretown. gothamottawa.com Larco homes Barrhaven • Longfields Innovative semi-detached and single-family homes in Barrhaven – models now open – watch for ads! larcohomes.com Central • huntclub • Solera Inventory Sale – save thousands. larcohomes.com OTTAWA • Accolade Larco presents Accolade, 23 Upscale Townhomes in Craig Henry form $385,000 Model homes now open! larcohomes.com Les Placements Riviere Gatineau Ottawa • the viu Ultra modern condominium opening. theviu.ca LEMAY HOMES Ottawa South • FINDLAY BY THE PARK New community offering an exciting collection of singles, bungalows & townhomes. Just a few steps to greenspace, park, recreational arena and soccer fields. Quick access to shops, restaurants and services. All homes are Energy Star qualified. Starting from low $300’s. Limited time bonus offer. 613-4255255. maisonsLEMAYhomes.ca Linden Developments Distillery Warehouse • Authentic Lofts Warehouse inspired lofts, with industrial kitchens, brick walls and pioneering design to celebrate Ottawa’s industrial past with prices from the mid $200’s. Register now at distillerywarehouse.com to receive updates and an invitation to the VIP event. Downtown goes Southside! Call 613-793-5500. LONGWOOD CENTRAL OTTAWA • SONIA BY THE RIDEAU New 70-unit Condominium Building in Ottawa East. e-mail d.greene@ longwoodbuilders.com or call 613-421-9736. HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB New adult lifestyle attached bungalow community in Hunt Club. Model home and Sales office now open. neighbourhoodsofhuntclub.com or call 613-7381349 for information. KANATA • DEEVY’S HOMESTEAD Adult lifestyle attached bungalow townhomes on Equestrian Drive in Kanata. Sales Office open on site. deevyshomestead.com or call 613-435-2155 for more information. ORLEANS • DORIMA TERRACE HOMES Perfect for the first time buyer or investor. Terrace homes off Innes at 10th line. For more information dorima.ca or 613-424-2901. OTTAWA SOUTH • MONTAGE 36-unit Condominium building in Ottawa South. Two Model Suites now open. Move in this spring! Located at corner of Clementine and Ohio off bank south of Billings Bridge. Call 613-897-0044 or email@example.com
BUILDERS: If you would like to include your new model home or site opening, email Nashrun.Kamaludin@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide! ROCKLAND • MORRIS VILLAGE Best value Single Family Homes and Bungalows. Perfect for growing families. For more information www.longwoodbuilders.com/morrisvillage.html or 613446-1506 MASTERCRAFT STARWOOD WEST CENTRAL • SOHO CHAMPAGNE Mastercraft Starwood’s SoHo Luxury Condominiums is pleased to announce its third Ottawa location: SoHo Champagne – just one block west of Preston St. Experience all the fine restaurants and boutique shopping that Little Italy has to offer and pamper yourself with a hotel-inspired SoHo Luxury condo. Register today to get an invite to our spring sales launch. sohochampagne.com Ottawa • SOHO LISGAR New release of suites on the 12th to 15th floors. the ultimate hotel-inspired lifestyle in a designer condominium, in the heart of downtown. Call 613-798-7646. soholisgar.com Metric Homes Carp • Westlake South Estates Westlake Estates offers 22 estate lots on two to four acres on a private cul-desac and most lots are tree-covered. stittsville • deer run Metric introduces the Maplewood 1 model to its Deer Run community lineup. At 3,200 sq. ft.-plus open space, this home features a open loft at the second floor, circular staircase, walk in closet in most bedrooms, open to below area, laundry mudroom on main floor. Visit the sales office on Rockson Crescent Saturdays and Sundays between noon and 5 p.m. or call 613-296-7000. Deer Run model home now open. metrichomes.com WESTBORO • Qwest 529 Broadhead Ave. two custom designed semi-detached homes on a 168-ft. deep infill lot. Innovative street friendly and appealing design. Two proposed concepts. The first purchaser will decide which concept will be built and will customize its new home. Priced in the $700,000s. Minto Landsdowne • Minto A new world of possibilities is opening at the heart of Ottawa. Centrally located between the Rideau Canal and the beautiful Glebe neighbourhood, Minto@lansdowne is an urban oasis at the heart of a bustling city. An exciting collection of highrise suites and townhomes on sale this fall. Register today for our exclusive preview at: lansdowne.minto.com Minto/Canderel Westboro • UpperWest This 25-storey distinctive new residence offers stunning condos with the best views in Westboro. Located on the Ottawa River Parkway, UpperWest boasts dramatic, expansive views of greenery, water, the Ottawa skyline and miles of unobstructed scenery. Condo suites and townhomes on sale this fall – register now for an exclusive preview at: liveupperwest.com MONARCH CORP KANATA • BLACKSTONE Executive 46-ft. singles from $439,990. Two-storey townhomes from the high $200,000s. monarchgroup.net KANATA • Trailwest Executive townhomes from the high $200,000s. monarchgroup.net NEPEAN • STONEBRIDGE Ottawa’s award-winning golf course community. Luxurious singles from the mid $400,000s. Executive townhomes from the mid $200,000s. Stacked townhomes from the low $200,000s. Call: 613-692-9284 monarchgroup.net Phoenix Homes ALMONTE • WHITE TAIL RIDGE Small town feel with all the amenities of a big city and the largest lots available anywhere. Contact Liane McKinley 613-369-5842 settlers’ grant KEMPTVILLE • PHASE 6 Estate lots fully treed with mature maples, birch, spruce, pine and Tamarack Custom built homes starting at $430,000 and premium lots priced for an additional $5,000 to $40,000. 25 Heritage Blvd., Kemptville. firstname.lastname@example.org Twitter: SGHI1 Facebook: facebook.com/SettlersGrantHomesInc. Wordpress: settlersgranthomesinc.wordpress.com/ settlersgrant.ca
SPRINGCRESS WESTBORO • RAVENHILL COMMON 19 freehold towns, designed by Barry J. Hobin & Associates Architects Inc. Located two blocks from the heart of Westboro, open concept two- and three-bedroom homes from 1,360 to 1,930 sq. ft., with direct access from underground parking garage, two-storey galleries and open lofts, private rear terrace and roof top decks. Ravenhill Common, Contemporary Brownstones, 450 Churchill Ave. North, one block south of Byron at Ravenhill Sales Centre and Model now open, entrance from 461 Edison Ave. corner of Ravenhill Prices from $599,400. ravenhillcommon.com Sales info: 613-8250080 email@example.com Tamarack Homes Leitrum • Findlay Creek Grand opening! Five new decorated townhome models in Findlay Creek Village. Call 613-247-0081 or visit tamarackhomes.com Tega Homes Ottawa • Rhombus Towers Sales Office is located at 233 Armstrong St. Sales begin May 11, 2013. www.tegahomes.com The slater Broccolini • The Slater • Condominium Amenities include fitness centre, lounge and dining room, terrace with hot tub and outdoor kitchen, theatre and games room. Suite features include standard kitchen islands, five-ft. glass walk-in shower, stainless steel appliance package, hardwood throughout, quartz counters, nine-ft. ceilings, views of the Ottawa River. Suites range from studio to two-storey penthouses with private terrace. Starting at $190’s. 199 Slater St. Ottawa. 613-230-0199 theslater.ca Uniform Urban Developments Manotick • Maple Creek Estates Stunning estate lot community with a close connection to the city – the best of both worlds. Two model homes open for viewing. Call 613-491-2277. Kanata • Richardson Ridge Single-family homes starting from $497,000. Sales centre located at the corner of Terry Fox Drive and Richardson Side Road. Call 613-853-4302. urbandale construction Kemptville • Equinelle New 44-ft. lots now released on the golf course. View our two model homes. urbandale.com Kanata Lake Visit our modern elevations model homes called the Horizon Collection. Singles and townhome models available for viewing. valecraft Homes Mer Bleue/Orléans • bradley estates New release of single-family homes and executive townhomes. New to Bradley Estates: nine redesigned models with full-brick fronts and stone skirts. valecraft.com WINDMILL DEVELOPMENTS OTTAWA • CATHEDRAL HILL CONDOMINIUMS Ottawa’s newest, most innovative condominiums are located on Sparks Street, west of Bay. With stunning views of the Ottawa River, Gatineau Park and Parliament Hill, these urban condominiums (targeting LEED Gold minimum) combine the vibrancy and convenience of downtown living with the calmness and serenity of a green oasis. For more information and to register, visit cathedralhill.ca or call 613-566-7010. Hintonburg • The Eddy The Eddy – six storeys of Green, urban condos built for life in Hintonburg. Featuring a shared rooftop social space, this is the hippest address in Ottawa’s hippest neighbourhood. The Eddy – by Windmill Development Group, Canada’s greenest developer. Pre-register now at theeddy.ca
jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 37
Calculate your mortgage payments interest rate
mortgage amount ÷ 1,000 (mortgage amount $125,000)
Follow these steps to see if you’ll qualify for a mortgage on your dream home
Calculate the combined monthly before-tax income of you and your spouse.
Multiply this figure by the amount you need to borrow. Divide by 1,000.
Divide by three. This figure is the monthly payment you can afford to make on your home.
Add to this your estimated monthly heating costs and monthly property taxes.
Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)
If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home. Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.
38 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
Mortgage payment calculation chart %
This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 39
ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le
From high $200's
From high $200's
From low $300's
West Pointe Village
Half moon Bay
Findlay by the Park
Prince of Wales on the Rideau
40 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
From $281,000 Inquire
From mid $600,000
14, 15 3 6, 7 BC 3 16, 17
ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le
Spring Valley Trails
Condos du Rivage
Upper East Side
Alta Vista Ridge
jun 1 - 15, 2013 | New home & Condo guide eastern Ontario 41
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42 New home & Condo guide eastern Ontario | jun 1 - 15, 2013
smith Falls Merrickville
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Sales Center located at
1224 Glenlivet Ave, Ottawa, Ontario K1W 0G3 Tel.: 613 834 4319
earLY occUpancY event Move Quick and get up to $15,000 in a Design Centre Bonus! Limited time only, see sales representative for details.
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l E itR i m 613-247-00 81
Published on May 31, 2013