Eastern Ontario New Home & Condo Guide - Aug 5, 2017

AUG 5 – SEPT 2, 2017 | nexthome.ca

EASTERN ONTARIO EDITION

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

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Take flight with Phoenix Homes’ latest development

INSIDE:

MAKING SENSE OF RISING INTEREST RATES

WHY YOU SHOULD JOIN YOUR CONDO BOARD

OTTAWA SHOWING STRONG GROWTH

OUR ROOTS ARE DEEP

Creating some of Ottawa’s most loved neighbourhoods for over 60 years.

Careful consideration has been given to every detail—from lifestyle and design to innovation and sustainability.

Green spaces work in harmony with master-planned streetscapes to bring touches of nature to neighbourhoods and our parks are the perfect place to enjoy the summer.

We take a holistic approach to all of these details to ensure a superior home and a happy, healthy community.

ottawahomes.minto.com

TODAY ENJOY MORE INCLUDED FEATURES IN TRADITIONS II

STITTSVILLE Townhomes

From $321,990 Detached Homes

From $459,990

MORE INCLUDED FEATURES PLUS UP TO $25,000 AT DÉCOR & UP TO $25,000 OFF THE PURCHASE PRICE

38' Home, The Madison ‘B’, 2,027 Sq.Ft. $459,990

SALES CENTRE

1879 Stittsville Main Street 613-435-7171

38' Home, The Soho ‘B’, 2,816 Sq.Ft. $502,990

Includes: Lookout Premium, Hardwood on Main Floor, 9' Ceilings on Main & Second Floor, Includes: $25,000 at Décor & $25,000 Off Purchase Price Rec. Room Ready, Cold Storage, Next Step & $10,000 at Décor

SALES CENTRE HOURS

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

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

The Walnut Model Home in Summerside West, Orléans

ELEVATION ‘A’

Townhome, The Riverdale Corner ‘A’, 2,429 Sq.Ft. $364,990 Includes: 3 Stainless Steel Appliances, Gas Fireplace, Ceramic Tile & $10,000 at Décor

ELEVATION ‘A’

Townhome, The Greenwich ‘A’, 2,048 Sq.Ft. $336,990 Includes: 3 Stainless Steel Appliances, Hardwood on Main Floor, Granite Countertops in Kitchen, Main & Ensuite Bathroom, Backsplash, A/C, Oak Staircase, 6 Pot Lights & Frameless Shower Door

MATTAMYHOMES.COM

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

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

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

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

SOPHIA II B (Findlay Creek)

THE MOONEY’S BAY (Hunt Club)

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

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

JACKSON (Barrhaven)

MELBOURNE (Riverside South)

Immediate Availability 3030 sq ft Single Home (Lot 98) Over $30K in upgrades Only $633,530

Available October 2017 1840 sq ft 3 Storey Townhome (Block 2 Unit 8) End Unit Only $369,900

TRILLIUM 4 (Navan)

UNITY (Kanata)

Immediate Availability 2205 sq ft Townhome (Block 49 Unit 253) Only $343,900

Immediate Availability 1875 sq ft Townhome (Block 10 Unit 53) Over $30K in upgrades, corner unit Only $394,900

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

AUG 5 – SEPT 2, 2017 | VOLUME 17 ISSUE 15

CONTENTS

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford ASSOCIATE PUBLISHER

Anne-Marie Breen DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds MANAGING EDITOR

Wayne Karl SENIOR EDITOR

Lydia McNutt ART DIRECTOR

Tammy Leung CONTRIBUTING EDITORS

20 ON THE COVER:

Phoenix Homes

Diamondview Estates: Luxurious gated community launching in Carp

TRENDING

C6 Ottawa home prices Witness strong growth in Q2 2017

C10 Bank of Canada

Making sense of rising interest rates

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

C14 Home Smarts Who’s the boss?

It might be you

BY MARNIE BENNETT

18 GOHBA Report The drivers of suburban growth

BY JOHN HERBERT

26 Mortgage Intel

C4 PROPERTY PROFILES

C4 Cardel Homes

OTT-BLK-AD-3260-KoL-Cover-7.5x7-Feb2017.indd 2

Cardel makes carefree living in Blackstone affordable and easy

8 NextHome.ca | Aug 5-Sept 2, 2017

SALES MANAGER, EASTERN ONTARIO

Paul Bimm paul.bimm@ypnexthome.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 DESIGNERS

ADVICE SPOTLIGHT ON CONDOS

Sonia Bell Elisa Krovblit Lydia McNutt

4 tricks to boost your down payment

BY ALYSSA FURTADO

IN EVERY ISSUE

10 22 24 27

Editor’s Note Hot Properties Advertisers Index

2017-02-22 2:53 PM

What’s Online

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 2017 All rights reserved by Yellow Pages Homes Ltd., Toronto, Ont. 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@ypnexthome.ca

NEW LOT RELEASE! NEW 2-STOREY DESIGNS!

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Visit this weekend and tour our 3 designer decorated model homes!

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*Prices and specifications are subject to change without notice. All renderings are artist’s concept. E. & O.E.

EDITOR’S NOTE OPENING UP TO THE POSSIBILITIES

WHEN WE FIRST SET OUT to plan NextHome – a rethink of New Home & Condo Guide – our team jumped at the opportunity. Change is part of business, part of life, and increasingly part of the homebuying process.

As John Herbert, executive director of the Greater Ottawa Homebuilders’ Association, explains on page 18, the home hunt is evolving. Land use policy, housing supply, price growth and other factors and causing buyers to expand their search area as well as the type of property, in order to get the lifestyle they want at a price they can afford.

Here’s where we step in. With more than 25 years in the real estate business, we’re still your source for all things “home.” What’s changed?

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

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• We have a new name; • We have a fresh new look, with articles designed to inform, educate and entertain you; • Everything you want to know about lowrise, highrise and other housing types, and issues that affect housing in Ottawa.

Changes aside, our goal is still to give you the right tools to navigate the homebuying landscape.

In this first issue, on page C6, we also take a look at how the Ottawa housing market and the Ontario economy are performing. In short, it’s a good news story that should continue in the coming months.

There’s lots more to take in, so sit back, relax and enjoy. You’re just getting started.

MORE ONLINE: Summer time, and the living is easy… So the saying goes. More Canadians share the dream of owning recreational property, and are getting creative to make it a reality. nexthome.ca/rec-property

+ get social 10 NextHome.ca | Aug 5-Sept 2, 2017

Interact with us on social media: nexthome

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NEW BARRHAVEN MODEL HOMES

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Twice the Design - Double the Delight Introducing 2 new models homes in Barrhaven, filled with design inspiration. Discover 2 new floor plans ranging from 937 - 1095 sq.ft. with different styles.

The Wentworth has a beneficial and lovable layout

The Lanesborough

ideal for downsizers and small families, giving them an open and spacious living area along with an elevator in the building to provide maximum convenience.

The Lanesborough layout leaves room for adventurous colours and finishes along with bold décor choices making it the ideal choice buyers enjoying a more contemporary style of living.

Enjoy maintenance-free living with an elevator for

MORTGAGE PAYMENTS F O R A YECOANTRES!T

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Prices start at $238,552

The Lanesborough ** See sales consultant for details. Prices, terms and specifications are subject to change without notice. E & O.E. * No purchase necessary. Internet access may be required. Enter December 13th, 2016 – December 12th, 2017 for a chance to win. Prize Draw Dec. 14th, 2017. Only open to homeowners who bought or will buy a new Valecraft Home in Ottawa or Embrun between December 13th, 2016 – December 12th, 2017, who will have a mortgage on it in 2018 and who are legal residents of Ontario over the age of majority.

Limit of one (1) entry per Mortgagor as defined. Skill-testing question and Release required. One Prize of mortgage payments up to $1,500/month during 2018 (ARV $18,000). Odds of winning depend on number of eligible entries received. Restrictions apply. Full rules and entry information at valecraft.com.

CONDOS SPOTLIGHT ON

New models coming to Blackstone

IN THIS SECTION

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

Meet

Karen

At The Corners on Main, you can count on her to help you find your perfect fit.

Large condos right around the corner.

Karen Watts

SPOTLIGHT ON

CONDOS

Lead Sales Associate The Corners on Main

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Plan your visit to the award winning presentation centre today.

Find Us: Mon-Thurs 12-6pm Sat-Sun 12-5pm 223 Main Street 613-806-6246

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PROPERTY PROFILE

KoL Condos

CAREFREE LIVING IN BLACKSTONE CARDEL MAKES IT AFFORDABLE EASY

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SINCE LAUNCHING IN 2012,

Cardel’s master-planned community of Blackstone has become one of the most soughtafter addresses in Kanata South.

With its charming streetscapes, ponds, walking trails and urban conveniences, Blackstone has been attracting a wide range of buyers, from first-timers and move-up clients to downsizers alike.

Surrounded by nearby cafes, libraries, health services, shops, pubs and restaurants, Blackstone offers virtually everything residents need. Located at Terry Fox Drive and Fernbank Road, just a threeminute drive to the Queensway, Blackstone provides a comfortable commute to downtown and direct access to the Trans-Canada Trail.

C4 NextHome.ca | SPOTLIGHT | Aug 5-Sept 2, 2017

Blackstone’s distinctive features and great location have made it the obvious choice for those looking for a master-planned community that is draped in nature and attractive homes. Sidewalks, ponds and walking trails meander among Blackstone’s paved streets, which are lined with an ideal blend of single-family homes, townhomes and condos “Built for Real Life”

by Cardel, the award-winning Ottawa builder that’s been bringing Blackstone to life since day one.

“Blackstone has been incredibly popular with buyers,” says Cardel Ottawa President Greg Graham.

“Living just a few minutes outside the greenbelt makes a world of difference in terms of lot size and value for your dollar.”

Families, downsizers, move-up

buyers and first-time homeowners have a wide range of beautiful, affordable homes and styles to choose from in Blackstone.

Cardel’s single-family collection includes two innovative new bungalow designs that include features such as nine-ft. ceilings, hardwood, air conditioning, a humidifier and much more. Both new bungalow designs offer approximately 1,400 sq. ft. of convenient living space, a double-car garage and are Energy Star-rated.

Cardel crafts each home with a focus on quality and uncompromising standards to give buyers a better-built home, across the board. With the guidance of Cardel’s design team, buyers can personalize their new home

“

Families, downsizers, move-up buyers and first-time homeowners have a wide range of beautiful, affordable homes and styles to choose from in Blackstone.

”

Devonshire

options, spacious townhomes and modern condos, Cardel has made it easy for everyone to call Blackstone home, whether you’re a young family starting out, empty-nesters downsizing or anywhere in between.

Regardless of the style of home you choose, you’ll appreciate the full range of signature features and customerfirst service that have made Cardel one of the most soughtafter builders in Ottawa over the past 20 years. concept layouts, private balconies/ patios, storage lockers and large windows that maximize natural light. Each two-bedroom, twobathroom condo ranges from 1,100 to 1,200 sq. ft. and includes personalized design options.

Choose from four condo models – all corner suites – with nine-ft. ceilings and premier specifications.

Beyond its range of singlefamily and condo options, Cardel has also brought townhomes to Blackstone, featuring finished basements and open floorplans.

Each townhome includes main floor hardwood, ceramic tile in wet areas, a spacious living area with large windows, a finished rec room in the basement and customized designer finishes for every taste.

With abundant single-family

Visit cardelhomes.com to learn more about this community and to register for updates.

+

LOCATION Kanata South DEVELOPER Cardel Homes DEVELOPMENT Blackstone HOME TYPE Condo, townhomes and singles CONTACT cardelhomes.com

CONDOS

to their exact tastes. Cardel also offers 15 stunning two-storey, single-family designs that range from 1,800 to more than 2,600 sq. ft.

For those seeking a lowmaintenance lifestyle, Cardel’s signature KoL condos are a great way to embrace the easy life. You don’t have to worry about snow removal, grass cutting or chasing the garbage truck, plus you can jet away from extended periods knowing your home will be safe and sound. Condos allow you to life to the fullest, whether that includes traveling the world or simply enjoying all that Blackstone has to offer close to home.

Cardel’s KoL condos in Blackstone feature an elevator, underground parking, open-

SPOTLIGHT ON

CONDOS

Montage

Aug 5-Sept 2, 2017 | SPOTLIGHT | NextHome.ca C5

TRENDING COMPILED BY SONIA BELL

OTTAWA HOME PRICES

WITNESS STRONG GROWTH IN Q2 2017 and Market Survey Forecast revealed that prices in Ottawa are on the rise due to a shortage of listings and a surge in demand.

ROYAL LEPAGE’S RECENT HOUSE PRICE SURVEY

Q2 2017

Aggregate home price*: $432,864 Year-over-year increase: 8.2% YOY

2017 FORECAST

Condos Median Price: $327,956 +3.9% YOY

Aggregate home price*: $439,332 Year-over-year increase: 6% YOY

Bungalow Median Price: $405,642 +2.6%YOY

Two-storey house Median Price: $460,277 +10.4% YOY

“Inventory levels across Ottawa have radically changed of late, reaching three-year lows and dropping by more than 20 per cent when compared to the same time last year,” says Hanna Browne, broker, Royal LePage Team Realty. “In recent months, we have seen a Toronto-like effect, with many buyers and not enough listings to go around. This dynamic is putting a lot of pressure on the region’s home prices, in what is now decidedly a seller’s market.” * Aggregate prices are calculated via a weighted average of the median values of homes for reported property types in the regions surveyed

HOW IMPORTANT IS HOUSING TO ONTARIO’S ECONOMY?

SPOTLIGHT ON

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VERY. HERE’S WHY:

A NEW REPORT by Fraser Institute notes that economic growth in Canada has diminished since 2003, largely due to the province’s weak manufacturing sector. The report notes that Ontario’s manufacturing problems are a result of the high costs of doing business, including for electricity, labour, income taxes and heavy regulatory burdens.

Ontario’s weak growth in manufacturing has made the province increasingly dependent on another economic sector – housing. It has made the following contributions to the economy:

Housing starts in Ontario: – the highest since 1990

85,844 UNITS $916,000

Average price of a home is up 33% – a reflection of the booming housing market

C6 NextHome.ca | SPOTLIGHT | Aug 5-Sept 2, 2017

In 2016, housing expenditure increased

7.8%

– the fastest increase of any sector

29%

Contributed GDP growth in the past four quarters

of nominal

60%

of housing starts were in the GTA and have double in less than three years

1.1

Contributed percentage points to nominal GDP growth in Ontario last year

SPOTLIGHT ON

CONDOS

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Your new home on Dow’s Lake

SPOTLIGHT ON

CONDOS

Be a part of something Iconic

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

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

www.claridgeicon.com 485 Preston Street, Ottawa 613.695.1441

UNDER CONSTRUCTION Available April 2019

MOVE IN READY LOCATIONS

AROUND THE CITY $ 2OF

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TRIBECA EAST

Studio, 1 & 2 bedroom units starting from $335,000

1 & 2 bedroom units starting from $345,000

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56 Nepean Street 613-234-1780

STIRLING PARK

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CLARIDGE ICON

1 & 2 bedroom units starting from $279,000

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

1 & 2 bedroom units starting from $291,000

107-330 Titan Private 613-224-0330

244 Rideau Street 613-241-3235

485 Preston Street 613-695-1441

0KF*

$ 2OF

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FUSION 1, 2 & 3 bedroom units starting from $282,000

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

URBAN OASIS ON THE EDGE OF DOWNTOWN

SAVE $20,000

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

CONDOS

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

SPOTLIGHT ON

FIND YOUR

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TRENDING

SPOTLIGHT ON

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MAKING SENSE OF RISING INTEREST RATES

BY WAYNE KARL THE BANK OF CANADA’S decision last month to raise the target for its

overnight rate to 0.75 per cent from 0.50 – the first hike in seven years – may be cause for concern for some Canadians. But should it be? Are more increases in the offing? What does it all mean? How will it affect you?

Two of the most telling comments in the statement by the Bank of Canada were, “The current outlook warrants today’s withdrawal of some of the monetary policy stimulus in the economy,” and, “Future adjustments to the target for the overnight rate will be guided by incoming data as they inform the Bank’s inflation outlook, keeping in mind continued uncertainty and financial system vulnerabilities.” …continued on page C12

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…continued from page C10

TRANSLATION?

“The first statement tells us that they are very much looking to further rate increases when they state they plan to ‘withdraw monetary stimulus,’ but the second statement tells us that they are still not very confident in their ability to do so,” Calum Ross, wealth planner, The Mortgage Management Group, Toronto, told NextHome. “The fact remains that while the output gap (an economic measure of the difference between the actual output of an economy and its potential output) may be closing – all three key measures that the Bank of Canada uses for inflation control are low.”

The BoC is trying to strike a balance between easing Canadians off a growing dependence on low interest rates and not shocking the economy too much. While there may be future rate increases, they will likely be slow and gradual.

“Low rates will be here for a long time to come,” says Ross. “Neither our government nor Canadian consumers can afford too much of an increase too fast – they are both in far too much debt.”

Canada recorded a government debt equivalent to 92.30 per cent of the country’s Gross Domestic Product in 2016, compared to an average of 77.76 per cent from 1980 to 2016, he points out. “The government needs low rates almost as much as consumers. Even more so when you consider the deficits being run.”

ECONOMIC STRENGTH

And believe it or not, rising interest rates – at least in this example – are a positive sign that the economy is doing well.

“Our economy is creating jobs, and if GDP growth for 2017 does indeed reach 2.8 (as per the Bank’s forecast), that’s great news.”

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HOW OTHERS SEE THE HIKE With this increase in interest rates and the recent Ontario Government Fair Housing Plan, governments need to be very cautious about the cumulative impact of intervention in the housing market going forward. With both sales and prices slipping recently in the GTA, federal, provincial and municipal governments should think carefully about further measures to reduce demand for housing.

Ontario realtors would like to see governments put more focus on bringing more supply into the market, specifically “missing middle” type housing such as townhomes, stacked townhomes and duplexes – and speeding up the approvals process.

The best long-term solution to give growing families and millennials a shot at affordable homeownership is to increase housing supply and choice in the marketplace.

– Tim Hudak, CEO of the Ontario Real Estate Association.

C12 NextHome.ca | SPOTLIGHT | Aug 5-Sept 2, 2017

If the Bank of Canada indicates another raise in its key interest rate again before the end of the year, we anticipate more buyers will enter the market to take advantage of existing rates. In this case, the raise will negatively impact housing affordability moving forward, particularly in markets already struggling with affordability, such as Vancouver and Toronto.

However, if the Bank of Canada doesn’t raise its key interest rate again before year-end, we don’t anticipate this hike to have a significant long-term impact on the real estate market.

– Elton Ash, Regional Executive Vice-President, ReMax of Western Canada

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ADVICE | HOME SMARTS

WHO’S THE BOSS? IT MIGHT BE YOU IF YOU JOIN YOUR CONDO BOARD OF DIRECTORS

SPOTLIGHT ON

CONDOS

MARNIE BENNETT

It’s a mainstay of both the evening news and cocktail party chitchat. But if you’re a condo owner, there’s one type of government that’s particularly relevant: Your condo board of directors.

If you’re new to condo culture, you may not be familiar with the concept. As explained by Ontario’s Ministry of Consumer Services, a condo development is run like a small town. It has an elected board of directors – a “town council” consisting of a president, secretary, treasurer and additional directors – who make decisions on behalf of the owners. This Fall, the Ministry will be making many changes in order to ensure new protections for condo communities, these changes are definitely a step forward in improving condo corporation governance.

Many of my clients are startled to learn that so many important decisions – hiring of the management company and budgeting for future repairs – are in the hands of volunteers. On the one hand, serving on the board is a lot of responsibility for untrained, unpaid personnel. On the other, who better to entrust with such

C14 NextHome.ca | SPOTLIGHT | Aug 5-Sept 2, 2017

decisions? Elected condo owners have the most at stake and, in theory, should have the best interests of all owners at heart.

What I find exciting about this

“

Elected condo owners have the most at stake and, in theory, should have the best interests of all owners at heart.

”

system is that condo owners have the opportunity to make their voices heard in a very real way. If you own a unit, you’re a member of the condo corporation; this means you get a vote on any decisions made at the annual general meeting (AGM) or other owners meetings.

Even better, if you take a special interest in the issues affecting your home, you can run for election on your condo board. In communities where the level of involvement is low, you may find a director position landing on your lap without even trying.

Now, I know some owners are hesitant to make the time

commitment necessary. As a director, you’ll attend the AGM and monthly board meetings, plus any owners meetings or special committee meetings that arise. In addition, directors can experience frustration when there’s dissension among members; as with any organization, things don’t always run smoothly.

Without a doubt, it’s a trade-off; your time and energy in exchange for greater control over your home and investment. At the very least, I urge you to attend your AGM to find out what’s going on around you. Once you’re tuned in, you may be surprised to find out how much you care about the issues.

To receive a free copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy” email sales@bennettpros.com Marnie Bennett is a broker and CEO of the Bennett Property Shop Realty, a full premium service real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of two weekly radio shows Marnie’s Real Estate Hour and The Real Estate Edge, a millionaire real estate investor and a wealth management coach. bennettpros.com

+MORE ADVICE ONLINE nexthome.ca/news/advice

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29 KM FROM PARLIAMENT Loreka Court, Ottawa

26 KM FROM PARLIAMENT 126-4 Battersea Crescent , Ottawa

51 KM FROM PARLIAMENT 117 McGregor St., Carleton Place

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

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ADVICE | GOHBA REPORT

THE DRIVERS OF SUBURBAN GROWTH DESPITE MANY YEARS of warnings about the perils of suburban living, the message still doesn’t appear to JOHN be getting through. Smart Growth HERBERT proponents and a number of city planners have been consistent in their message: Suburban living is not only expensive in terms of infrastructure and creating congestion, it is also unhealthy in terms of the car-dependent lifestyle it encourages.

Yet the lure of suburban living continues. This can be seen in the construction numbers. Three major Canadian cities – Toronto, Vancouver and Montreal – show significant suburban growth according to new census figures. In fact, in Ottawa, the vast majority of projected growth will continue to occur outside the Greenbelt in new suburban communities With all this in mind, city planners must be wondering what they are doing wrong. While intensification has been implemented and positive results achieved, the overall trend to the suburbs has not been slowed, let alone stopped. It appears that restricting suburban growth was never a realistic goal in the first place, even if it was the goal.

What is fueling the lure of the suburbs? Two constituencies are of interest: Young Millennial families and immigrants. It’s certainly possible that the former group would like to locate in a city’s central area, but they are unable to do so because of cost. While not for everyone, a detached house with a garden for once they have children is still what 18 NextHome.ca | Aug 5-Sept 2, 2017

the majority of Millennials aspire to. Such properties are particularly expensive in the city centre, so these young families are compelled to look further afield to realize their real estate dreams.

So,it is primarily affordability that is driving young Millennial families to live in the suburbs.

The second constituency, immigrants, is more complex.

Immigrants are interesting because you have to look at where they come from and what it is that makes Canada an attractive destination in the first place. Most immigrants are from source countries with far higher densities than Canada. Many are from environments where they’ve lived cheek by jowl in high density, often high rise projects with their neighbours. Part of the appeal in moving to Canada is the space that it offers and the opportunity

to own a ground oriented home.

The rapid growth of areas such as Brampton suggest that immigrants themselves are now by-passing the traditional inner-city cultural enclaves as their entry point and are moving straight to the suburbs upon arrival. With respect to Canada’s immigrant population, it appears that one of the most important factors that Canadian planners have missed is the cultural demand immigrants have for ground-oriented living space.

Given that immigrants make up much of the population growth in Canada, this trend needs to be acknowledged. After enough

development in already builtup areas and along arterial main streets is one logical solution to the issue. But the tension between city policies and homebuyers’ desires is palpable. There are, however, some potential solutions to mitigate the issue.

City planners tend to talk in terms of providing a variety of housing forms to meet all needs.

This is the idea that a variety of above grade family-oriented

the rapid transit system, we can see progress towards an overall strategy to combat congestion.

Rapid transit can also stimulate economic local economic development, ideally allowing residents to work in proximity to where they live.

Developers and builders will continue to build where the market and municipal policy takes them. Through its joint Building Better and Smarter

housing types should be provided in inner city neighbourhoods.

These housing forms are increasingly referred to as the “missing middle.” Additionally, these same housing forms could be used to support the concept of “aging in place” as the baby boom generation continues to age, and it makes personal and societal sense to allow them to age in place and not have to move elsewhere.

When these resident types are mixed with transit supportive densities and ease of access to

Suburbs initiative, the City and the development industry have already invested considerable time and initiative in looking for ways to better develop suburbs more efficiently. With current trends, these guidelines will become increasingly more important and utilized well into the future.

“

...to focus development in already built-up areas and along arterial main streets is one logical solution to the issue.

”

critical mass is attained, a selfperpetuating ethnic enclave is created, attracting new immigrants immediately with the promise of community networking and jobs.

It is conceivable that the traditional inner city cultural enclaves are in the process of being replaced with suburban models, and we could see significant communities become the primary destination for specific ethnic groups.

So where does all of this leave municipal planning’s drive towards intensification? The general policy direction will undoubtedly continue. City planners are not wrong that unnecessary suburban growth is undesirable.

The prescription – to focus

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

AUG 5-Sept 2, 2017 | NextHome.ca 19

COVER STORY

DIAMONDVIEW ESTATES LUXURIOUS GATED COMMUNITY LAUNCHING IN CARP

DIAMONDVIEW ESTATES HAS JUST OPENED ITS GATES as of Aug. 5, 2017. Registration for this one-of-a-kind, gated community has been open for the last few months, and the response has been outstanding.

Diamondview Estates is a brand new development recently launched

by Phoenix Homes. The fully serviced 50- and 60-ft. lots offer all of the standards of city living, such as water and sanitary services.

Phoenix Homes’ Diamondview Estates is a luxurious community located only 10 minutes from the Brookstreet Hotel in Kanata. This community is ideal for those working in Kanata and looking for an easy commute, or downsizers who still want to be near all the major amenities in Kanata. Part of the unique charm of this neighbourhood is its location next to the private Carp Airport. Residents will have exclusive access to private parks and community centre.

By driving a short distance outside of the city centre, buyers will save roughly $40,000 on a home compared to a similar model in Kanata.

The expansive lots offer two-storey singles and bungalows, and the 60-ft. lots come with an option for a three car garage. Buyers love 20 NextHome.ca | Aug 5-Sept 2, 2017

Carp because of its proximity to all of the major amenities in Kanata: from movie theatres to grocery stores, and boutiques to restaurants, everything you need is only a short drive away. As a bonus, you gain the serenity and peacefulness that comes from living outside of the hustle and bustle of the city.

Phoenix Homes will be offering many of the most popular models from its Fernbank Crossing and Shadow Ridge sites. The twostorey models are built with room for you and your family to grow with homes ranging

+

LOCATION Carp DEVELOPER Phoenix Homes DEVELOPMENT Diamondview Estates HOME TYPE Single-family two -storey and bungalows CONTACT Kellie Connors, sales associate 613.461.0277 phoenixhomes.ca Monday to Thursday 1 to 7 p.m., closed Fridays & holidays, open Saturday & Sunday noon to 5 p.m.

in size from 1,933 to 4,229 sq. ft. The bungalows are equally spacious with floorplans ranging from 1,274 to 2,515 sq. ft. – great for downsizers who aren’t quite ready for the condo life. With the option of two, three, four and five bedroom homes starting as low as $429,900, there really is something for everyone.

All homes come with spacious nine-ft. ceilings on the main floor, vaulted ceilings, granite countertops and stylish backsplash in the kitchen, oak railings on the stairwells, stippled ceilings with four-in. designer edge, and high efficiency gas fireplace with oak mantle and trim. However, in order to get a feel for these homes, come and experience them firsthand.

With more emphasis on urban densification, many homebuyers are choosing to move outside of the city centre in search of space.

Carp offers plenty of space, charm and a quaint community – ideal for families and retirees alike.

Diamondview Estates has spacious yards and large homes – all within a gated community. Carp is poised for future growth as the area on the opposite side of the Carp Airport will be further developed with retail and commercial operations.

Since 1988, this family-run business has been changing the landscape of the Ottawa new home market. Phoenix Homes has established itself as a trustworthy, reliable builder in the city of Ottawa, delivering top-quality products for families for two decades. Phoenix Homes takes its role in the city seriously as the team continues to give-back in many philanthropic ways.

For more information on Diamondview Estates, please visit phoenixhomes.ca/request-info or visit the sales centre at the corner of March Road and Diamondview Road AUG 5-Sept 2, 2017 | NextHome.ca 21

HOT PROPERTIES

DIAMONDVIEW ESTATES BY PHOENIX HOMES

LATEST LISTINGS

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

AVALON ENCORE

EQUINELLE

HARMONY

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

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

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

AVIATION PRIVATE

FELTON COURT

ICON

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

BLACKSTONE

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

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

CARLETON CROSSING By: Brigil City: Stittsville Housing type: Singles Contact: 613.257.4079 brigil.com 22 NextHome.ca | Aug 5-Sept 2, 2017

GALLERY TOWNHOMES

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

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

MILLER'S CROSSING By: Cardel Homes City: Carleton Place Housing type: Singles, Townhomes Contact: 613.836.9521 cardelhomes.com

BLACKSTONE BY CARDEL HOMES

ON HALF MOON BAY

SUNDANCE

THE CORNERS ON MAIN

By: Mattamy City: Barrhaven Housing type: Singles, townhomes Contact: 613.825.7932 mattamyhomes.com

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

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

POTTER'S KEY

TALL SHIPS LANDING

TIMBERWOOD TOWNS

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

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

By: Greatwise City: Ottawa West Housing type: Freehold Towns Contact: 613.693.0808 twtowns.com

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

TERRACES AT GREYSTONE By: eQ Homes City: Greystone Housing type: Condominium Contact: greystonevillage.ca

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

SOHO CHAMPAGNE

THE BOWERY CONDOS & LOFTS

WHITE TAIL RIDGE

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

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

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

RATHWELL LANDING

STITTSVILLE WALK ON MAIN

TRIBECA LOFTS

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

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BUILDERS IF YOU WOULD LIKE TO INCLUDE YOUR PREVIEW REGISTRATION, NEW RELEASE OR SITE OPENING IN THIS FEATURE, JUST EMAIL THE DETAILS TO SARAH.KHAN@YPNEXTHOME.CA

AUG 5-Sept 2, 2017 | NextHome.ca 23

et a

Builder Name

Site Name

Almonte

Phoenix Homes

White Tail Ridge

x

Carleton Place

Brigil

Carleton Crossing

x

Carleton Place

Cardel Homes

Miller's Crossing

x

Carp

Phoenix Homes

Diamondview Estates

x

Hunt Club

Claridge Homes

Hunt Club Flats

Kanata

Claridge Homes

Bridlewood Trails

Kanata

Phoenix Homes

Fernbank

Kanata

Phoenix Homes

Terra Flats

Stittsville

Byrex Developments Inc

Stittsville Walk

Stittsville

Mattamy

Traditions II

Stittsville

Minto

Barrhaven

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 x

From $390's

12, 13

x

From $290's

16, 17

x

Inquire

11

From $400's

12, 13

x

From $277,900

6, 7

x

From $391,900

6, 7

From $350's

12, 13

x

From $200's

12, 13

x

From $317,900

15

x

x

From $321,990

4, 5

Potter's Key

x

x

From $344,900

2, 3

Claridge Homes

West Pointe Village

x

x

From $602,900

6, 7

Barrhaven

Minto

Quinn's Pointe

x

x

From $254,500

2, 3

Barrhaven

Minto

Harmony

x

x

Inquire

2, 3

Barrhaven

Phoenix Homes

Felton Court

x

From $270's

12, 13

Barrhaven

Phoenix Homes

Strandherd Meadows

Inquire

12,13

Findlay Creek

Phoenix Homes

Pathways

From $200's

12, 13

Kemptville

eQ Homes

eQuinelle

x

From $300's

9

Ottawa South

Claridge Homes

Summerhill Village

x

From $536,900

6, 7

Ottawa South

Claridge Homes

Sundance

x

From $592,900

6, 7

Brigil

Plateau Du Parc

From $340's

16, 17

x

x

x

x

SOUTH

x x

x

x

NORTH Gatineau

24 NextHome.ca | Aug 5-Sept 2, 2017

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

EAST Navan

Claridge

Spring Valley Trails

Orléans

Claridge

Royal Ridge

Orléans

Minto

Avalon Encore

Orléans

Phoenix Homes

Halo Flats

Valecraft

Aviation Private

Brockville

Fuller

Tall Ships Landing

Downtown

Claridge Homes

Downtown

x

x

From $292,900

6, 7

x

From $199,900

6, 7

x

From $285,900

2, 3

x

From $200's

12, 13

From $302,900

14

x

Inquire

C15

Icon

x

From $291,000

C8, C9

Claridge Homes

The Lofts

x

From $400's

C8, C9

Downtown

Claridge Homes

Tribeca

x

From $345,000

C8, C9

Downtown

Richcraft

The Bowery

x

From $194,000

C13

Gatineau

Brigil

Domaine Du Vieux-Port

x

From $260's

16, 17

Gatineau

Brigil

Horizon

x

Inquire

16, 17

Gatineau

Brigil

Jardins McConnell

x

Inquire

16, 17

Kanata

Cardel

Blackstone

x

From $300's

C3

Orléans

Brigil

Petrie's Landing

x

From $230's

16, 17

Ottawa Central

Brigil

Kanata Lakes

x

Inquire

16, 17

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

x

From $232,000

C8, C9

Ottawa Central

Claridge Homes

Fusion

x

From $282,000

C8, C9

Ottawa Central

Claridge Homes

Waterstreet

x

From $250,000

C8, C9

Ottawa Central

Mastercraft Starwood

Soho Champagne

x

From $302,900

C16

Ottawa East

Domicile Development Inc

The Corners On Main

x

From Low $300's

C2

Ottawa West

Tamarack

Wellington

x

From $299,068

BC

West Nepean

Claridge Homes

Stirling Park

x

From $279,000

C8, C9

West Ottawa

eQ Homes

Terrace At Greystone

x

From $199,900

C11

x

CENTRAL Ottawa

x

CONDO

AUG 5-Sept 2, 2017 | NextHome.ca 25

ADVICE | MORTGAGE INTEL

4 TRICKS TO BOOST YOUR DOWN PAYMENT

ALYSSA FURTADO YOU’VE BEEN SAVING AND SAVING

for the down payment on your first home, but things just never seem to move fast enough – except for rising home prices, that is. But as you’re building this large amount of cash, you might be itching to find ways to make it grow.

Investing seems like it could be the answer, but where do you start? The stock market is constantly fluctuating. Even professionals who study different stocks aren’t always lucky enough to make the right calls.

Should you really gamble with your savings?

There are ways to make your money work harder for you, and not simply sit in your chequing account earning miniscule interest.

and make sure you’re saving with an institution that gives you the best rate.

Keep in mind, Canada is in a historically low interest rate environment, so the difference between rates may seem tiny. But if your savings are large enough, that tiny difference can have a decent impact over time.

“

There are ways to make your money work harder for you, and not simply sit in your chequing account earning miniscule interest.

”

GUARANTEED INVESTMENT HIGH-INTEREST SAVINGS

CERTIFICATES (GICS)

ACCOUNTS

This investment vehicle provides plenty of peace of mind. The guarantee the name refers to doesn’t mean you’ll definitely make a lot of money. It guarantees you definitely won’t lose money, which is a promise you can’t get from most other investments.

GICs let you lock in a certain sum (a minimum investment of $500 or $1,000 is typical) for a specific period of time, usually one to five years. The longer you keep money in the GIC, the higher the interest rate is and the more interest you’re likely to earn. This makes GICs an excellent option for people looking to grow their savings over

When choosing where to park your cash, there are a number of factors to consider. One key component in your choice of bank should be the interest rate of your savings account. High-interest savings accounts have different interest rates depending on the financial institution. If you’re shopping for a new bank, be sure to compare interest rates with other banks or credit unions. Many financial institutions will often have promotions encouraging you to switch that involve a high interest rate either for a set period, or permanently. Do your research 26 NextHome.ca | Aug 5-Sept 2, 2017

the long term, but who don’t want to take on risk.

THE HOME BUYERS’ PLAN

An RRSP is a type of account that holds a variety of investments, such as GICs. RRSPs have three advantages. First, everything you contribute to your RRSP is tax deductible. Second, you can invest from an RRSP and any profits from those investments remain tax free as long as they stay in the RRSP. Third, if you’re a first-time homebuyer, you can withdraw up to $25,000 from your RRSP taxfree to put toward your first home when you participate in the Home Buyers’ Plan.

If you’re purchasing your first home with a partner or spouse, you can withdraw as much as $25,000 from each of your accounts for a total of $50,000 to put toward your home.

But there’s a catch: The Home Buyers’ Plan essentially works as a loan to yourself, so you must contribute at least one-fifteenth of the amount in your RRSP over a 15-year period or the money withdrawn will be taxed.

THE BOTTOM LINE

Investing your down payment in stocks can be risky if you’re buying a home within the next few years, since there’s a chance you could lose money. A safe investment option, such as a high-interest savings account or a GIC, can give you a better return on your money.

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

WHAT’S ONLINE

TRENDING NOW

THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

MAKING SENSE OF RISING INTEREST RATES HOW WILL THEY AFFECT YOU?

RISKS AND REWARDS OF A PRE-CONSTRUCTION PURCHASE

nexthome.ca/rising-interest-rates

nexthome.ca/buying-pre-construction

QUESTIONS TO ASK YOURSELF ABOUT BUYING BRAND NEW

THESE ARE THE TOP PLACES TO INVEST IN ONTARIO

nexthome.ca/buying-brand-new

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nexthome.ca/where-to-invest

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