Eastern Ontario New Home & Condo Guide - Jul 7, 2018

JULY 7 – AUG 4, 2018 | nexthome.ca

EASTERN ONTARIO EDITION

SPE CI AL

Connecting Canadians to new HOMES & CONDOS for more than 25 years

OUT SEC TIO LLPU N

INSIDE:

HOW TO DO SUMMER IN STYLE!

LANDSCAPING YOUR NEW HOME!

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This one’s just right If you’re looking for a home centred around an open and inviting living area and a large kitchen designed for gathering friends and family — we have just the home for you.

Our collection of contemporary Single Family Homes feature airy and open interiors that flow seamlessly from room to room, opening up the space and allowing for larger windows to let in tons of natural light. And, best of all, there’s more space for you and your family. mintoavalon.com

Single Family Homes Starting from the high $300s

Sales Centre 2370 Tenth Line Rd (across from Southfield Way) Ottawa, ON K4A 3W4 See sales representative for details. E.&O.E.

Hours Monday – Thursday: 12 pm to 8 pm Friday: 12 pm to 6 pm Weekends & Holidays: 11 am to 6 pm

Sign up for the latest news and incentives at mintoavalon.com

Stanley Show Home | 2,450 sq. ft.

MEASURE TWICE. CUT ONCE. LOVE FOREVER. Enjoy More Savings and No Condo Fees For Up To 3 Years on Our Luxury Towns Discover new, stylish ways to live. Welcome to unparalleled amenities and beautiful parks and trails with new luxury Towns now available. Welcome to Wateridge Village at Rockcliffe.

Minutes to downtown, overlooking the Ottawa River, our architectural excellence blends seamlessly into this innovative, master-planned community. Live surrounded by the best of Ottawa – live in Wateridge Village.

From the Low $300s

SALES CENTRE 895 Montreal Road 613.421.7127

Stacked Townhome, The Britannia 'Military', 915 Sq.Ft. Was $332,990 Now $304,990 Includes: 3 Stainless Steel Appliances & No Condo Fees for 3 Years

Please visit mattamyhomes.com for Sales Centre & Model Home hours All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

MATTAMY MODEL HOME

Rear Lane Townhome, The Huron 'Contemporary', 1,597 Sq.Ft. Was $549,990 Now $514,990

Rear Lane Townhome, The Georgian 'Contemporary', 1,612 Sq.Ft. Was $554,990 Now $519,990

Includes: 3 Stainless Steel Appliances, No Condo Fees for 2 Years & $10,000 at Décor

Includes: 3 Stainless Steel Appliances, No Condo Fees for 2 Years & $10,000 at Décor

THOUGHTFUL DESIGN

THE MATTAMY WAY

Rear Lane Townhome, The Rideau 'Contemporary', 1,903 Sq.Ft. Was $634,990 Now $584,990 Includes: 3 Stainless Steel Appliances, No Condo Fees for 2 Years & $10,000 at Décor

At Mattamy Homes, we design homes that are thoughtfully planned to maximize the living space while bringing families closer together. From large breakfast bars where everyone can gather to eat, to Jack-and-Jill bathrooms to share, Mattamy is committed to thoughtful design in every room.

mattamyhomes.com

New Communities

WESTWOOD Westwood, a modern new community on the edge of Stittsville in Ottawa West, is adjacent to Ottawa’s newest park Shea Road Woods and only minutes away from the world’s longest recreational trail, The Great Trail. This beautiful community of singles, bungalows, and townhomes has vibrant community centers, new schools, and an abundance of shopping only moments away.

Units starting at $373,900*

1 Robert Grant Avenue, Stittsville Monday - Wednesday: 1 - 8 pm

613-617-0001 Saturday & Sunday: 12 - 5 pm

*Danielson model. 1620 Sq Ft. Price subject to change at any time, please contact a sales representative for more details.

Now Open SPRING VALLEY TRAILS PHASE 6 Located in the heart of Navan’s magnificent Mer Bleue conservation area, this unique community is ideal for the outdoor enthusiast and families looking for space to grow. Highlighted by the central park providing a splash pad and multiple parks there’s outdoor space for all to enjoy and explore. Make the most of Ottawa’s four seasons and come home to one of our expertly crafted floor plans.

Units starting at $361,900*

160 Esterbrook Drive, Orléans Monday - Wednesday: 1 - 8 pm

613-841-0560 Saturday & Sunday: 12 - 5 pm

*Danielson model. 1620 Sq Ft. Price subject to change at any time, please contact a sales representative for more details.

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

JULY 7 - AUG 4, 2018 | VOLUME 18 ISSUE 14

CONTENTS

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds ASSOCIATE PUBLISHER

Anne-Marie Breen MANAGING EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung CONTRIBUTING EDITORS

Marisa Baratta Sara Duck Marlene Eisner SALES MANAGER, EASTERN ONTARIO

Paul Bimm paul.bimm@nexthome.ca SALES & MARKETING CO-ORDINATOR

Sarah Khan SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins

PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Dennis Ng GRAPHIC DESIGNER

C08 ON THE COVER:

CaraCo Development

Stone & South waterfront condos in Gananoque

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

ADVICE

C10 Home Smarts

The importance of landscaping your new home

BY MARNIE BENNETT

17 Keehn on Money

Negotiating your mortgage can help you save big

BY KELLEY KEEHN

8 NextHome.ca

TRENDING

16 Recreation Properties Retirees driving force in recreation market

18 Homebuying

Millennials comprise large homebuying demographic

INSPIRATION

20 Marketplace

Planning a staycation this year?

Let’s summer in style!

26 Foodie

Entertaining al fresco with chef Mike Ward

IN EVERY ISSUE

10 Editor’s Note 22 Hot Properties 24 Advertisers Index

Dennis Ng Published by

A brand of Yellow Pages Homes Ltd. #500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 nexthome.ca

Advertising Call 416.626.4200 for advertising rates and information.

Circulation Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments.

Call 1.855.826.4200 to discuss distribution opportunities.

Copyright 2018 All rights reserved by Yellow Pages Homes Ltd. 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.

Terms Advertisers, Editorial content 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 editor at wayne.karl@nexthome.ca

F I N E LY- C R A F T E D H O M E S I N D I S T I N C T I V E N E I G H B O U R H O O D S

R I C H M O N D

V I L L A G E

SINGLE FAMILY HOMES

SINGLE FAMILY HOMES

NOW OPEN

NOW OPEN

S A L E S @ C A I VA N . C O M

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C A I VA N . C O M

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613-518-2364

EDITOR’S NOTE

FEELING THE STRESS? YOU’RE NOT ALONE, BUT RELIEF IS NEAR

WAYNE KARL MANAGING EDITOR NextHome EMAIL: Wayne.Karl@nexthome.ca TWITTER: @WayneKarl

No one loves stress, particularly when it comes to something as important as buying a home. So when the federal government introduced more stringent mortgage qualification rules – known as the “stress test” – in January, well, it made people nervous.

Rightly so, it seems.

The new regulations had their desired effect of cooling the market, and limiting buyers’ ability to purchase more home than they should. But here we are in July, and we’re still feeling the effects.

“Stress test continues to weigh on housing markets, but stability beckons,” is the latest analysis from The Conference Board of Canada.

Home sales showed signs of levelling off in May, despite ongoing pressure from such government policies, the Board says. Between April and May, home sales dropped in only 12 of the 29 housing markets covered in the Board’s Metro Resale Index.

Transactions levelled off in Toronto, but were mixed in other Golden Horsesehoe cities. Volumes were up in Southern Ontario cities outside the region.

Despite ongoing market adjustments, prices declined in only 13 areas between April and May, and pricing was uneven among Ontario cities.

Translation: Housing is returning to more normal market dynamics. Buyers, if still feeling the stress, can at least take comfort in more stable conditions.

+ + get social 10 NextHome.ca

Entertaining al fresco, with chef Mike Ward!

Page 26

Interact with us on social media: nexthome

GET MORE FOR LESS IN EMBRUN

BUNGALOWS

TWO STOREYS

STARTING AT $359,900*

$100,000 * LESS THAN THE CITY Move into your dream home for $100,000 less than the city.

Brand new designs and layouts on larger lots.

Plus, take advantage of great Décor Bonuses.

SALES CENTRE 605 Bruxelles St., Embrun ON (613) 370-0288

Monday to Thursday: 12pm - 7pm Friday to Sunday: 12pm - 5pm

*An estimate, certain restrictions apply. Prices, terms and specifications are subject to change without notice. E & O.E.

SPOTLIGHT ON

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CIA SPE

UT L-O N L U P CTIO SE

IN THIS SECTION

YOUR PULL-OUT GUIDE TO HIGHRISE, CONVERSION, LOFT, TERRACE & TOWNHOME CONDO PROJECTS

75% SOLD

NOW UNDER CONSTRUCTION

SPOTLIGHT ON

CONDOS

Condominiums overlooking the River in Old Ottawa East

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Greystone Village VOTED Ottawa’s Community of the Year 2017: The River Terraces at Greystone Village, offers boutique condominium living with expansive terraces overlooking the Rideau River. All just minutes from the arts, culture, sports and shopping in Downtown Ottawa.

SUITES FROM 300 TO 1,200+ SQ.FT. STARTING FROM THE MID

$200’s

TOUR OUR DESIGNER MODEL SUITE TODAY! Illustrations are Artist’s Concept.

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

PRESENTATION CENTRE 175A MAIN STREET GREYSTONEVILLAGE.CA

Luxury Condos in Barrhaven

LAST

MOVE-IN READY!

2 LUXURY UNITS REMAINING!

INTERIOR UPGRADES THROUGHOUT | ELEVATOR & UNDERGROUND PARKING INCLUDED!

1 bedrooms

*See Sales Consultant for details. E. & O.E.

$315,900

$274,900

613.440.3750

longfields@campanale.com

TOUR OUR MODELS: 613 LONGFIELDS DR., UNIT 102

CAMPANALE.COM/STATION

PRODUCTION BUILDER OF THE YEAR

CONDOS

the commodor

SPOTLIGHT ON

the canadian

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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.

NEW

UP TO

S” TE

OMIZATION S UST UI “C

$100,000 CASH BACK

WH

IL E

SPOTLIGHT ON

CONDOS

BEST RECREATIONAL WATERFRONT LIFESTYLE IN CANADA

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

Co-operating Brokers Welcome

QUANTITIES L

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Old Ottawa

EAST

The future of a remarkable neighbourhood is unfolding.

Be a part of the transformation.

PHASE

11 des Oblats Ave | Mon-Thurs: 12-6pm | Sat-Sun: 12-5pm 613-806-6246 | cornersonmain.ca

CONDOS

Visit the stunning model suites, just off Main Street.

SPOTLIGHT ON

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CONDOS SPOTLIGHT ON C6

Be a part of something

_ICONIC Find your new home in the heart of Little Italy where stunning views of Dow’s Lake are available for as low as $331,000.

www.claridgeicon.com 485 Preston Street, Ottawa 613.695.1441

UNDER CONSTRUCTION

Available April 2020

MOVE IN READY LOCATIONS

AROUND THE CITY $ 2OF

0KF*

0KF*

$ 2OF

WATERSTREET

TRIBECA EAST

Studio, 1 & 2 bedroom units starting from $339,000

2 bedroom units starting from $445,000

300 Lett Street 613-232-2049

112-316 Bruyère Street 613-680-6560

56 Nepean Street 613-234-1780

STIRLING PARK

CLARIDGE PLAZA

CLARIDGE ICON

1 & 2 bedroom units starting from $381,000

1 & 2 bedroom units starting from $291,000

1 & 2 bedroom units starting from $331,000

107-330 Titan Private 613-224-0330

244 Rideau Street 613-241-3235

485 Preston Street 613-695-1441

0KF*

$ 2OF

N R TIO DEUC UNSTR N CO

FUSION 2 & 3 bedroom units starting from $494,000

* 20K and 40K deals valid for corresponding buildings only. Valid until September 1, 2018.

Conditions apply, contact a sales representative for more details.

SAVE $20,000

CONDOS

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

SPOTLIGHT ON

Ask sales representative for more details.

Purchase and close before September 1, 2018.

Conditions apply.

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COVER STORY

STONE & SOUTH

SPOTLIGHT ON

CONDOS

WATERFRONT CONDOS ON THE ST. LAWRENCE RIVER IN GANANOQUE

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Like the Thousand Islands that surround it, Gananoque is a destination. The islands – actually more than 1,800 of them in the St. Lawrence River, straddling the border of Canada and the U.S. – have been summer playgrounds for well-heeled “islanders” for generations.

Founded as a mill town in 1789, Gananoque is quite literally “The Gateway to the Thousand Islands.”

And this waterfront community of about 5,000 embraces everything about it – from preserving a history in boat making to promoting some of the best musky fishing in the province.

CaraCo Development Corp. is not hoping to change any of this with its new condominium project, Stone & South on the River. In fact, visit the company’s sales centre and you might well be encouraged NextHome.ca

to stop by the Thousand Islands Boat Museum – less of a museum and more of a “water centre.”

The emphasis is not on viewing static displays but on interacting – promoting the town’s relationship with the water, encouraging young locals who live “two blocks up the street” to come down to the river.

Learn the history. Enjoy it. Live it.

Stone & South does, too, and it occupies an important place in Gananoque’s future.

The site is literally right on the water, a prized location in these lands. There are other condo developments in town, but neither fronts the water on the site of a former dormant marina. Stone & South is the only new waterfront community in Gananoque, with unobstructed

views of the St. Lawrence – from every suite.

Building amenities include a gated outdoor space with private barbecue areas, private off-leash dog area, fitness centre, bike, canoe and kayak storage, swimming dock, underground parking and payper-use concierge services.

And what would living on the water be without marina access?

Stone & South has that, too, accommodating boats up to 40 ft.

Suites range from twobedroom, two-bathroom plus flex space at 913 sq. ft. for $488,900, to three-bedroom, threebathroom plus flex, at 1,547 sq. ft. for $846,900.

All that, plus expansive eight-ft.deep balconies and terraces.

For more information, call 613.876.2524 or visit stoneandsouthcondos.ca

+

LOCATION Gananoque DEVELOPER CaraCo Development Corp.

DEVELOPMENT Stone & South on the River HOME TYPE Boutique waterfront condominiums from $488,900

SALES CENTRE 5 King St. E.

CONTACT 613.876.2524 stoneandsouthcondos.ca

CONDOS

Want to cruise the Islands?

A handful of carriers offer boat tours from one to five hours, leaving from the main public marina area – again, within easy walking distance. Looking for a bite or a drink afterward? A number of award-winning inns, restaurants and pubs are a casual stroll away.

Because of its proximity to Kingston (34 kms), Ottawa (166) and Toronto (288), two out of three potential buyers are not from Gananoque. “In their late 50s, early 60s… people who, if they haven’t already retired, they’re planning for it,” says Hamilton. “They come here and love the area, and see the value of Stone & South. It’s hard to beat.”

SPOTLIGHT ON

Interiors boast separate laundry rooms with washer/dryers, custom designed kitchens with choice of cabinetry, choice of stainless steel range hood or over-the-range microwave, stainless steel appliances, granite or quartz countertops in the kitchen and bathrooms, individual climate control heating and air conditioning, and pre-wiring for personal security system.

Plus, Stone & South rises just six stories, comprising only 70 units in two buildings. Phase one, totalling 41 suites, is now selling, with about half already spoken for. Construction is set to begin in the fourth quarter of this year, and occupation in spring 2020.

So far, retirees have been the dominant buyers, according to Mariah Hamilton, regional director of Marketing and Business Development for the Milborne Group, who is heading up sales for Stone & South.

But back to the town – Gan, as it’s called by locals. Developers typically boast about their projects’ location, features, amenities, “walk to everything…” But at Stone & South, it’s actually true, and you really can.

Have guests in town? The Gananoque Inn is a one-minute walk down the street. Like live local theatre? The Playhouse is maybe a three-minute walk.

And, for the record, local theatre doesn’t mean amateur. In late June, The Buddy Holly story was playing to a string of 10 straight sellouts. And the talent?

Appearances at Toronto’s Ed Mirvish Theatre punctuate the actors’ resumes, while Director James MacDonald has directed at Stratford and Shaw.

And if you want to entertain your group in style at home, Stone & South’s party room, the Upper Deck, has indoor and outdoor space. This, too, with beautiful views of the St. Lawrence.

JUL 7-AUGL 4, 2018

C9

ADVICE | HOME SMARTS

DON’T CURB THE CURB APPEAL! THE IMPORTANCE OF LANDSCAPING YOUR NEW HOME

SPOTLIGHT ON

CONDOS

MARNIE BENNETT

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The first time you pull up in front of your newly completed home, you should be dazzled. Here it is – your carefully selected architectural model, brick, trim colours, front porch – exactly as you wanted.

Welcome home, indeed!

The good news is that your home’s curb appeal is only going to get better. How? Well, the one aspect that usually remains to be completed is the landscaping.

(The exception here is for condominium properties, which tend to include full landscaping and lawn maintenance.) Most of you will be met with a nice green lawn and, often, the single planted tree that many builders include among their standard features.

That’s a great start – but it’s only a start!

Now, I’m not recommending that you go over-the-top in terms of money or style. Gazebos and waterfalls are lovely, but simple gardens can be just as beautiful.

Trees in particular are one of the best investments you can make: They increase in value every year until they reach maturity. Trees add beauty, shade and a sense of neighbourliness to your home and the whole community – just think how dramatically a streetscape is changed when a big oak or maple is struck down by lightning.

As an added benefit, large shady trees can decrease both your NextHome.ca

air-conditioning costs in summer and, acting as a windbreak, your heating costs in winter.

When selecting a tree, talk to an expert at your local nursery. They’ll help you decide on the right tree and the proper location, taking into account such variables as your home’s exposure to sun and wind, the size of a tree’s root system and the amount of upkeep necessary.

Keep in mind, you don’t need to have a green thumb to have gorgeous gardens. Again, rely on your nursery experts to help you choose low-maintenance plants.

Planting perennials (plants that return each year) is one way to reduce labour. If you time it right, you can often pick up incredible flowers, shrubs and ornamental grasses for half-price towards the end of summer.

The love you give your lawn will not only increase your enjoyment of your home, it will also pay off years down the road when you put

your home on the market. Take it from me: Great landscaping can dramatically increase interest from buyers, and can definitely boost your asking price. So get out there and get your hands dirty!

To receive a FREE copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy” email sales@ bennettpros.com Marnie Bennett is a Broker and CEO of 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 a weekly radio show “The Bennett Real Estate and Wealth Show” every Saturday at 1 p.m. on 580 CFRA, a millionaire real estate investor and a wealth management coach. bennettpros.com

+MORE ADVICE ONLINE nexthome.ca/news/advice

SPOTLIGHT ON

U.S.A.

CONDOS

Gananoque

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SPOTLIGHT ON

CONDOS

READY SET MOVE!

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YOU CAN BE IN YOUR NEW CONDO IN ONLY 2 WEEKS! DOWNTOWN LIVING + RICHCRAFT QUALITY • Rooftop pool, lounge, gym, and incredible views • Steps from LRT • European stainless steel appliances • Quartz counters • Hardwood throughout

255 BAY

MODERN STUDIO 1+2 BDRM + 2 STORY LOFTS FROM $

THEBOWERYCONDOS.CA • 613.695.7577

200,000

CO N NO ST W RU IN CT IO N

DOMAINE DU VIEUX-PORT

9 KM FROM PARLIAMENT 1400 boul. St-Joseph, Gatineau

CONDOS A waterfront paradise with urban lounge on the top floor.

CO RIV M ER M SI UN D IT E Y

From the $307’s* to $708’s*

DOMAINE DU VIEUX-PORT

9 KM FROM PARLIAMENT 1400 boul. St-Joseph, Gatineau

FO L A R N SA D LE

From the $768’s* to $1,198’s*

DOMAINE DU VIEUX-PORT

9 KM FROM PARLIAMENT 1400 boul. St-Joseph, Gatineau

80TO % WE SO R LD II

From the $175’s* to $400’s*

PETRIE’S LANDING 21 KM FROM PARLIAMENT

8865 Jeanne d’Arc Blvd. N., Orléans

SELF-CONSTRUCTION Our community offers you land for self-construction, and this less than 9 km from Parliament.

819.303.1809

CONDOS New luxury condos with rooftop terrace, leisure room, gym, indoor parking, elevators, pool & spa.

613.706.7731 E AV

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NG KI

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GO

ST

IA NT SA

AN LEM CO

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TOWN HOMES Luxury homes in a quiet neighbourhood.

29

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From the $295’s* to $347’s*

819.303.1809

AN

235 King Street., Carleton Place

High-end single-family home in one of the most sought-after community

FR

CARLETON CROSSING

PRESTIGE HOMES

E AV RK PA

CO N NO ST W RU IN CT IO N

From the $291’s* to $918’s*

819.303.1809

M

O G N RE TH ET N S 2 TA F L * RE E

M

KANATA LAKES

26 KM FROM PARLIAMENT 40 Kirkland Private, Unit 121, Kanata Lakes

Rent from $1,050*/mo. to $1,865*/mo.

CONDOS - ALL INCLUSIVE New luxury condos with common rooftop terrace & indoor parking. Also offers a fitness centre and amenitie room with kitchenette.

EAL

NT R

MO

.

RD

D. T BLV

Rent from $1,350*/mo. to $3,150*/mo.

UREN ST LA

460 St-Laurent Blvd., Ottawa

HEMLOCK RD.

Y. W PK

6,5 KM FROM PARLIAMENT

CONDOS - ALL INCLUSIVE New hotel-inspired luxury condos ideal for professionals and young active retirees.

Included 5-star amenities and services.

ON

460 ST-LAURENT

TI AVIA

O G N RE TH ET N S 2 TA F L * RE E

613.706.4118

613.706.0906

613.706.4013

*See Sales Representative for details. Prices, specifications, features and offerings are subject to change without notice.

E & O.E. Promotions may be changed and/or cancelled at any time without notice.

brigil.com

TRENDING

DREAMING OF

THE COTTAGE LIFE?

A recent survey of ReMax brokers and agents found that in 91 per cent of popular Canadian recreational property markets examined, retirees were the key factor driving activity. This includes established recreational regions such as Comox Valley.

This is in stark contrast to last year’s findings, when retirees were a dominant driving force in only 55 per cent of markets examined.

DESIRED LIFESTYLE

The survey found that in British Columbia, Ontario and Atlantic Canada, more retirees and soonto-be retirees are purchasing recreational properties outside of urban centres for use as retirement homes, increasingly blurring the line between recreational and residential properties.

“Last year, we found that Baby Boomers and retirees were increasingly selling their homes in urban centres like Toronto and Vancouver,” says Elton Ash, regional executive vice-president, ReMax of Western Canada. “It’s clear that many put the equity they received from those sales 16 NextHome.ca

into the purchase of a recreational property with the intention to retire in comfort and away from the city.”

Many of these individuals are engaging in more active forms of retirement, choosing to maintain physical fitness and emotional fulfillment by pursuing passion projects and leading lifestyles that involve farming, hiking and maintaining vineyards. This is particularly the case in regions such as South Okanagan.

ReMax Integra Ontario-Atlantic Canada Region. “Many are choosing to rent recreational properties, often by pooling resources with friends and family, which speaks to recreational properties still being in high demand.”

In fact, one in three Canadians (33 per cent) say that they own or would want to own a recreational property for investment purposes.

RECREATIONAL PROPERTIES CONSIDERED AN INVESTMENT

The survey also found that other than affordable purchase price, Canadians who own or would consider owning a recreational property named waterfront access (55 per cent), reasonable maintenance costs (54 per cent) and proximity to town (43 per cent) as the most important factors when purchasing. Waterfront access was considered the most indemand amenity in most regions, overall.

In a separate survey conducted

by Leger, six in 10 Canadians (58 per cent) enjoy recreational properties as places where they can relax and spend time with friends and family. However, the majority of Canadians (84 per cent) do not actually own recreational properties.

“Many Canadians want to live out the ‘Canadian Dream’ and spend time at the cottage or cabin,” says Christopher Alexander, executive vicepresident and regional director,

TOP FACTORS WHEN CHOOSING A PROPERTY

For more information, visit remax.ca

ADVICE | KEEHN ON MONEY

NEGOTIATING YOUR MORTGAGE CAN HELP YOU SAVE BIG

KELLEY KEEHN How are your negotiating skills? Do you enjoy a little bartering when you’re on vacation but recoil at the thought of trying to get a deal from your banker?

If you’re in the market for a new home or your existing mortgage is up for renewal, paying attention to the interest rate can cost or save you thousands of dollars. According to a survey by Manulife, nearly two thirds of Canadians didn’t negotiate their mortgage when they renewed it. And you’re even less likely to ask if you’re a new buyer because there’s so much emotion tied up in the purchase.

WHO CAN YOU TURN TO?

Considering the recent mortgage qualification changes, it’s more important than ever to seek the advice of a professional before you make a financing decision for your property.

“Mortgage brokers are specialists in home financing,” says Paul Tayor, president and CEO, Mortgage Professions Canada. “Brokers scan the marketplace, looking for the product that is the best fit for your personal situation. The lowest interest rates are generally available through a mortgage broker; however, the best fit is not always the lowest rate. Cancellation penalties, portability and refinancing flexibility are additional factors to consider. Paying a slightly higher rate may save you thousands of dollars in the long run.”

WHERE SHOULD YOU START?

Consider working with a Certified Financial Planner (CFP). “People working with CFPs are more confident in their goals and have a better understanding of what is affecting them not just now, but also in the future,” says Shawn Todd, certified financial planner with ECIVDA Financial Planning Boutique. “Turning to a broker (once you have a financial plan in place) to help with getting a great rate can make a huge difference in your mortgage planning. The last time my wife and I negotiated a mortgage, we utilized an excellent broker and they were able to get a rate that the banks could not offer.”

HOW MUCH OF A DIFFERENCE CAN ASKING MAKE?

Whether you use a broker or do the negotiating yourself, you could save big bucks over the life of your mortgage. Let’s use a simple calculation of a $400,000

mortgage with a 25-year amortization and a five-year fixed rate at 3.74 per cent (versus 3.24, both paid monthly). Getting just a half percentage point reduction could save you nearly $40,000 over the life of your mortgage.

However, switching from monthly payments to accelerated weekly payments and making extra payments towards your mortgage principal can burn years off your mortgage, too.

Kelley Keehn is a financial literacy advocate who has been on a mission to “make Canadians feel good about money.” She is the author of eight published books and is also a speaker, media personality and consumer advocate for the Financial Planning Standards Council. You can learn more about Kelley at kelleykeehn.com

+MORE ADVICE ONLINE nexthome.ca/news/advice

JUL 7-AUG 4, 2018 17

TRENDING

HOMEOWNERSHIP

IMPROVES FINANCES AND ATTRACTS MILLENNIALS A recent study by Genworth Canada reveals that Millennials make up a large part of the homebuying population and 30 per cent of non-homeowning Millennials plan to make their first home purchase over the next two years.

The national Financial Fitness and Homeownership Study also concludes that homeowners are generally in a better financial position than those who do not own their home.

The annual poll, completed in conjunction with the Canadian Association of Credit Counselling Services (CACCS), asked 2,000 Canadians questions about their financial well-being, homeownership intentions and preparedness for the future.

MILLENNIALS ARE THE ENGINE OF THE REAL ESTATE MARKET

According to the study, 59 per cent of Millennials are now homeowners. Among those who own their homes, 30 per cent bought a home in the past two years, compared to just nine per cent of older

Canadians. And over the next two years, another 30 per cent of non-homeowning Millennials plan to make their first home purchase.

HOMEOWNERS FEEL BETTER ABOUT THEIR FINANCES

The study also shows that Canadians who own a home have better financial outcomes than those who do not. Homeowners are far more likely to say they are in great/good financial fitness versus nonhomeowners.

“It is encouraging to see the high level of financial confidence coming from first-time homebuyers and homeowners,” says Stuart Levings, president and CEO of Genworth Canada. “These results demonstrate that this segment of Canadians are doing the necessary homework to support their financial future.”

To read the full 2018 Financial Fitness and Homeownership Study report, visit genworth.ca

HOW HOMEOWNERS AND FIRST-TIME BUYERS FEEL ABOUT THEIR FINANCES: Total

Homeowner

Non Home- First-Time First-Time owner Buyers Intenders

Repeat Buyers

Repeat Intenders

Intend DP<20%

Intend DP 20%+

Great/good financial shape

53%

60%

38%

68%

58%

59%

62%

59%

69%

I am in great financial shape – I have set clear financial goals that I am well on my way to achieving

14%

17%

7%

19%

14%

17%

16%

17%

15%

I am in pretty good shape – I have a general notion of what I want to achieve with my finances, and things are more or less going in the right direction

39%

43%

30%

50%

44%

43%

46%

42%

54%

I am neither in great shape nor poor shape – I try to save when I can but I don’t seem to be getting ahead

30%

28%

34%

25%

34%

30%

23%

29%

22%

My financial fitness is not very good – I know that I haven’t been able to achieve the financial goals that I should have by now

10%

8%

14%

3%

4%

6%

10%

9%

5%

My financial fitness is very poor – I feel like I am always falling behind and/or that I don’t know where to turn for help

6%

3%

11%

3%

2%

2%

4%

1%

2%

Very poor/not very good

16%

11%

25%

6%

6%

8%

14%

10%

7%

Don’t know/not sure

2%

1%

3%

0%

3%

2%

1%

2%

2%

DP = Down payment 18 NextHome.ca

ADVICE | MORTGAGE INTEL

RATE HIKES LOOM SO WHICH PATH TO CHOOSE FOR YOUR MORTGAGE?

ALYSSA FURTADO

The Bank of Canada stood pat in its benchmark for the overnight rate in late May, opting to hold it at 1.25 per cent – but hinted that future rate increases are in the offing.

So, what does that mean for homebuyers who are currently grappling with whether to choose fixed or variable rates? (The bank of Canada’s overnight rate is one of the major factors banks use when setting their own prime rates, which are tied to variable rates.)

First, let’s take a look at what is guiding the Bank of Canada when it comes to deciding the future of its overnight rate.

“The Bank of Canada assessed the housing industry as ‘soft’ as a result of the B-20 stress test and increasing interest rates,” says James Laird, president of CanWise Financial. “The Bank expects housing activity to pick up; however, if it doesn’t, housing will be a strong moderating factor in delaying future interest rate hikes.

It is apparent that the Bank of Canada has some concern about activity in the housing market, and they’re going to keep a close eye on the stabilization of the market as they determine future interest rate policy.”

However, the Bank of Canada has indicated it believes housing market activity will pick up and continue to be a main economic driver – hinting at least one rate

hike before the end of the year.

“Governing Council will take a gradual approach to policy adjustments, guided by incoming data. In particular, the Bank will continue to assess the economy’s sensitivity to interest rate movements and the evolution of economic capacity,” the Bank said following its latest rate policy announcement.

Laird predicts two possible rate increases by the end of the year.

So, how is that expected to impact mortgage affordability?

And how will it impact a homebuyer’s decision when choosing between fixed or variable rate mortgages?

The truth is that, even with two potential rate hikes to come, variable rates may continue to be the more affordable option. Of course, every person’s situation is different; so, it’s best to chat with a mortgage broker when choosing

the best mortgage and helping you answer the question: “How much house can I afford?”

“This announcement should provide reassurance to those currently in variable rates that rate increases will be both moderate and gradual,” Laird says. “Those currently choosing between variable and fixed should consider the savings offered by variable rates, as the spread between fixed and variable rates remains at a seven-year high.”

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

+MORE ADVICE ONLINE nexthome.ca/news/advice

JUL 7-AUG 4, 2018 19

INSPIRATION |

marketplace

AVAILABLE IN JULY!

Ikat mix indoor/ outdoor rug.

From $300 westelm.ca

Tarma light sculpture. $23 structube.com Luxe float flamingo

by Sunnylife. $90. indigo.ca

Rattan bar cart. $100. homesense.ca

Planning a staycation this year?

Whether you wish you were vacationing in Palm Springs or Paris – get inspired to create a personalized outdoor oasis

by SARA DUCK

VACATION INSPIRATION

Oil drip visor. $10. winners.ca

PALM SPRINGS CALIFORNIA

Tropical print outdoor pillow. $34. indigo.ca

Portside low L-shaped sectional in weathered cafe. $4,475. westelm.ca

Outdoor powder coated metal chair. $150. homesense.ca

20 NextHome.ca

Straw hat. $18. hm.com

Melamine tidbit plates by Kate Spade New York. $40 (set of four) bedbathandbeyond.ca

Prism outdoor floor lamp. $749 crateandbarrel.ca

VACATION INSPIRATION

PARIS Cabana lemon pillow. $24. pier1.ca

FRANCE

Faux mini boxwood topiary set. $50. pier1.ca Tropez black and white stripe sofa. $1,899. cb2.com

Damask patterned rug (5’ by 7’). $200 homesense.ca

Brava dining-lounge grey wicker chair. $479. cb2.com

Palma umbrella. $5,699 jardindeville.com

HOT PROPERTIES

FIND YOUR NEXT HOME This page features the latest properties to keep your eye on in the Eastern Ontario area.

STONE & SOUTH BY CARACO

ABBOTTSVILLE CROSSING

CALLAHAN ESTATES

FOX RUN

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

By: Campanale Homes City: Arnprior Housing type: Singles, townhomes, Contact: 613.622.0033 campanale.com

By: Caivan Communities City: Richmond Village Housing type: Singles, townhomes Contact: caivan.com

AVALON ENCORE

CARLETON CROSSING

By: Minto City: Orleans Housing type: Singles, townhomes Contact: 613.834.6400 minto.com

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

GREYSTONE By: eQ Homes City: Old Ottawa East Housing type: Singles, Condo, Townhomes Contact: 613.569.3043 greystonevillage.ca

AVIATION PRIVATE

DIAMONDVIEW

HARMONY

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

By: Phoenix Homes City: Carp Housing type: Singles Contact: 613.461.0277 phoenixhomes.ca

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

BLACKSTONE

FELTON COURT

ICON

By: Cardel Homes City: Kanata Housing type: Singles, Towns, Condos Contact: 613.836.9521 cardelhomes.com

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

By: Claridge Homes City: Ottawa Housing type: Condominium Contact: 613.695.1441 claridgeicon.com

22â&#x20AC;&#x192; NextHome.ca

STONE & SOUTH BY CARACO

MILLER’S CROSSING

RATHWELL LANDING

TALL SHIPS LANDING

By: Cardel Homes City: Kanata Housing type: Singles, townhomes Contact: 613.253.1959 cardelhomes.com

By: Valecraft Homes City: Stittsville Housing type: Bungalows, townhomes Contact: 613.435.8141 valecraft.com

By: The Fuller Group City: Brockville Housing type: Condominiums Contact: 613.498.7245 tallshipslanding@fuller.ca tallshipslanding.com

MINTO BEECHWOOD

STONE & SOUTH

By: Minto City: Ottawa Housing type: Condominiums Contact: 613.696.8188 minto.com

By: Caraco City: Gananoque Housing type: Condominiums Contact: stoneandsouthcondos.ca

STIRLING PARK

MONOCLE By: Ashcroft Homes City: Ottawa Housing type: Condominiums Contact: monoclewestboro.com

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

ORLÉANS VILLAGE By: Caivan Communities City: Orléans Housing type: Singles, townhomes Contact: caivan.com

+

By: Claridge Homes City: Nepean Housing type: Condominiums Contact: claridgestirlingpark.com

SUMMERHILL VILLAGE By: Claridge Homes City: Ottawa South Housing type: Condominiums Contact: claridgehomes.com

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

THE BOWERY CONDOS & LOFTS By: Richcraft City: Centretown Housing type: Condominiums Contact: 613.695.7577 thebowerycondos.ca

THE CORNERS ON MAIN By: Domicile City: Ottawa Housing type: Condominium Contact: 613.806.6246 cornersonmain.ca

THE STATION By: Campanale City: Barrhaven Housing type: Condominium Contact: 613.440.3750 campanale.com/station

WATERRIDGE VILLAGE By: Mattamy City: Rockcliffe Housing type: Townhomes Contact: 613.421.7127 mattamyhomes.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@NEXTHOME.CA

JUL 7-AUG 4, 2018 23

et a

Builder Name

Site Name

Almonte

Phoenix Homes

White Tail Ridge

x

x

Arnprior

Campanale Homes

Callahan Estates

x

x

Carleton Place

Brigil

Carleton Crossing

x

Carp

Phoenix Homes

Diamondview Estates

x

Hunt Club

Claridge Homes

Hunt Club Flats

Kanata

Claridge Homes

Bridlewood Trails

Kanata

Cardel Homes

Kanata

D

Location

c Se he m d B i un g To alo w w n A h om du e/ lt Li Co fe n st do yl e

INDEX OF ADVERTISERS

Prices

Page

WEST From $390's

12, 13

From $259,900

OBC

From $259's

15

From $400's

12, 13

x

From $348,900

6, 7

x

x

From $426,900

6, 7

Miller's Crossing

x

x

From $310's

Phoenix Homes

Fernbank

x

Kanata

Phoenix Homes

Terra Flats

Kanata

Cardel Homes

Blackstone

Barrhaven

Minto

Riversbend

Barrhaven

Phoenix Homes

Felton Court

Barrhaven

Phoenix Homes

Strandherd Meadows

x

Embrun

Valecraft

Place St. Thomas

x

Greely

Phoenix Homes

Shadow Ridge

x

Ottawa South

Claridge Homes

Summerhill Village

x

Ottawa South

Phoenix Homes

Pathways

x

Findlay Creek

Claridge Homes

Sundance

x

Navan

Claridge Homes

Spring Valley Trails

x

Orléans

Phoenix Homes

Halo Flats

Ottawa East

Caivan

Orléans Village

x

Ottawa East

Claridge Homes

Wateridge Village

x

x

x x

x

x

x

11

From $390's

12, 13

x

From $200's

12, 13

x

x

Inquire

11

x

x

Inquire

2, 3

x

From $270's

12, 13

Inquire

12, 13

x

Inquire

14

x

From $300's

12, 13

x

From $377,900

6, 7

x

From $400's

12, 13

From $557,900

6, 7

x

From $482,800

6, 7

x

From $200's

12, 13

From High 300's

9

From $613,400

6, 7

SOUTH

x

x

EAST

24 NextHome.ca

x

c Se he m d B i un g To alo w w n A h om du e/ lt Li Co fe n st do yl e

Site Name

et a

Builder Name

D

Location

Prices

Page

NORTH Gatineau

Brigil

Plateau Du Parc

Rockcliffe

Mattamy Homes

Wateridge Village

Barrhaven

Campanale Homes

Brockville

x

From $360's

15

x

From Low $300's

4, 5

The Station

x

From $274,900

C3

The Fuller Group

Tall Ships Landing

x

Inquire

C4

Crystal Beach

Cardel Homes

KEEL Condos

x

From $440's

11

Downtown

Claridge Homes

Icon

x

From $311,000

C6, C7

Downtown

Claridge Homes

Tribeca

x

From $445,000

C6, C7

Downtown

Domicle

The Corners on Main

x

Inquire

C5

Downtown

Richcraft

The Bowery

x

From $200,000

C12

Gananoque

Caraco

Stone & South

x

Inquire

C11

Gatineau

Brigil

Domaine Du Vieux-Port

x

From $260's

15

Gatineau

Brigil

Horizon

x

Inquire

15

Gatineau

Brigil

Jardins McConnell

x

Inquire

15

Orléans

Brigil

Petrie's Landing

x

From $199's

15

Ottawa Central

Brigil

Kanata Lakes

x

Inquire

15

Kanata

Cardel Homes

KOL Condos

x

From $330's

11

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

x

From $291,000

C6, C7

Ottawa Central

Claridge Homes

Fusion

x

From $484,000

C6, C7

Ottawa Central

Claridge Homes

Waterstreet

x

From $339,000

C6, C7

Ottawa East

EQ Homes

Greystone Village

x

From low $200's

C2

Ottawa East

Minto

Minto Beechwood

x

From $354,900

2,3

West Nepean

Claridge Homes

Stirling Park

x

From $381,000

C6, C7

CONDO

JUL 7-AUG 4, 2018 25

INSPIRATION |

foodie

ENTERTAINING al fresco Oh, the joys of summer entertaining! Limited to just what seems like a few short months to enjoy al fresco dining, let me share a few tips that will keep even the fussiest family member or friend content.

1

Bring the kitchen to you, not vice versa.

Don’t make guests shuffle from outside to inside for necessities such as napkins and ice.

Bring it all outdoors for easy access.

2

Good quality, environmentally friendly disposable plates are a lifesaver. You can pick them up at decent supermarkets nowadays. They’re inexpensive, guilt-free and the chore of stacking the dishwasher vanishes.

3

Bring the bar to you. Delegate one of your guests to bring two bags of ice on their way over. Pour it in a bucket and that’s your outdoor bar area – done!

Remember, people are there to enjoy spending time with you and other friends.

4

LOVE COOKING? JOIN THE COMMUNITY AND GET MORE RECIPES & TIPS chefmikeward.com facebook.com/ChefMikeWard instagram.com/mikedaniel21 26 NextHome.ca

Serve your food family style. Throw your three to five dishes on big platters and let people help themselves. It makes for a fun eating environment and clean-up easy peasy.

RHUBARB & RASPBERRY JAM GALETTE Once you’ve prepared your dough, you can play all day with your fruit toppings.

Explore and have fun with this one, it’s impossible to fail.

INGREDIENTS • 3/4 cup all-purpose flour • 2/3 cup whole-wheat flour • 1 tbsp. white sugar • 1/2 tsp. salt • 5 1/2 tbsp. chilled unsalted butter, cut into 1/2-inch pieces • 3 tbsp. whole milk • 1/4 cup Greek yogurt • 2 tbsp. raspberry jam • 4 rhubarb stems, cut into 1- to 2-in. pieces • 2 tbsp. brown sugar • 1 egg (white only) INSTRUCTIONS » In a food processor, pulse all-purpose flour, whole-wheat flour, white sugar and salt, six or so times to combine.

Then add butter and pulse 10 more times, or until mixture resembles a coarse meal. Add milk and yogurt and pulse for 60 seconds or until pea size lumps form. Remove and shape into a lump, wrap with plastic wrap and refrigerate for a minimum of two hours. Can also be made the day before. » Preheat oven to 400 F. Lightly flour parchment paper and roll out dough to around a 15-in. diameter – 1/8-in. thickness. » In a small bowl, microwave raspberry jam for 30 to 60 seconds or until warm and runny. Brush entire upfacing surface of dough generously with jam. » Toss rhubarb and brown sugar in a mixing bowl. Place rhubarb onto dough and sprinkle over remaining brown sugar, leaving a two-in. edge.

Brush remainder of jam over rhubarb.

Fold over dough edge, brush with egg white, slide onto an oven tray and bake for 25 to 30 mins or until golden brown. Let rest for five minutes and serve with whipped cream or ice cream. You can also dust with confectioners’ sugar, if desired.

JUL 7-AUG 4, 2018 27

INCREDIBLE PRICES & QUALITY IN ARNPRIOR

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Attached Bungalows

$282,860

10% BETTER THAN CODE

THE

Townhomes

VISIONARY SERIES

Singles WE SAVE YOU

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$261,300 MOVE-IN READY!

$339,900 *Artistâ&#x20AC;&#x2122;s Renderings shown. See Sales Consultant for details. E. & O.E.

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