Eastern Ontario New Home & Condo Guide - Oct 14, 2017

OCT 14 – 28, 2017 | nexthome.ca

INSIDE:

IT’S TIME TO SPICE UP YOUR LIFE!

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INTENSIFICATION & RESIDENT CONFLICT

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1451 Wellington, THE RESIDENCES AT ISLAND PARK DRIVE

SPE CI A

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

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EASTERN ONTARIO EDITION

O INIUM C

MM

36’ Hyde Show Home | 1,683 sq. ft

Avalon Encore Orléans

60 years of beautiful home design Large windows bathe bright open spaces with natural light in every Minto home, and as its centrepiece – your family.

Discover our collection of beautiful, contemporary home designs – always evolving, always inspiring, timelessly elegant.

Harmony Barrhaven

Mahogany Manotick

Potter’s Key Stittsville

ottawahomes.minto.com

BEAUTIFUL HOMES, UNBELIEVABLE VALUE

FANTASTIC INCLUDED HOME FEATURES & UP TO $25,000 IN DESIGN STUDIO CREDITS

ORLÉANS Townhomes

Detached Homes

From $239,990

From $358,990

SALES CENTRE 2496 Tenth Line Rd • 613-837-5056

36' Detached Home, The Sycamore ‘A’, 2,317 Sq.Ft. $461,321

36' Detached Home, The Parkside ‘C’, 2,669 Sq.Ft. $501,163

Includes: 9' Ceilings on Main Floor, Rec. Room Ready, Loft in Lieu of Bedroom 4, Chef's Kitchen & $15,000 at Décor

Includes: 9' Main Floor Ceilings, Rec. Room Ready, Curved Staircase, Loft in Lieu of Bedroom 4 & $15,000 at Décor

SALES CENTRE HOURS MODEL HOME HOURS

Monday - Thursday 1 pm-8 pm; Friday 1 pm-6 pm; Saturday, Sunday and Holidays 11 am-6 pm Monday - Thursday 1 pm-7:30 pm; Friday 1 pm-5:30 pm; Saturday, Sunday and Holidays 11 am-5:30 pm

Walnut Model Home in Summerside West, Orléans

ELEVATION ‘B REV’

Village Home, The Thornbury End ‘B Rev’, 1,391 Sq.Ft. $259,990 Includes: 3 Stainless Steel Appliances, Master Ensuite & $10,000 at Décor

ELEVATION ‘B’

Two-Storey Townhome, The Lilac ‘B’, 1,577 Sq.Ft. $315,715 Includes: 3 Stainless Steel Appliances, 9' Ceilings on Main Floor, Bath Oasis, Gas Fireplace, Rec. Room Ready & $25,000 at Décor

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

RESOLVE Findlay Creek

STRATHCONA Hunt Club

940 SQ FT Zen Urban Flat uilding E Level 1 Unit 1) Fully Furnished Only $219,900

Immediate Availability 1270 SQ FT (Block B Unit 105) Only $348,900

JUNIPER Available Early 2018 3185 SQ FT Single Home (Lot 84) $15K Design Centre Bonus Only $748,000

MELBOURNE Riverside South Immediate Occupancy 2725 SQ FT Duffield Elev A Single Homes (Lot 18) Only $529,900

COLTON B Navan

SUMMIT Kanata

Close in 2 months 2250 SQ FT Single Home (Lot 2023) Only $496,900

Close in 4 months 2325 SQ FT Townhome (Block 14 Unit 75) Only $376,000

OCT 14 – 28, 2017 | VOLUME 17 ISSUE 19

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 ART DIRECTOR

Tammy Leung CONTRIBUTING EDITORS

Sonia Bell Marlene Eisner Elisa Krovblit Keay SALES MANAGER, EASTERN ONTARIO

ON THE COVER:

TRENDING

Mizrahi Dev.

16

A custom home in the sky at 1451 Wellington

17

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

18

Homebuying

Canadians willing to exceed budget to buy a home

Homebuying

How much do you need to sacrifice to save for a home?

ADVICE

20 GOHBA Report

Intensification and resident conflict

BY JOHN HERBERT

27 Mortgage Intel

PROPERTY PROFILES

C4 Richcraft

Experience the Bowery lifestyle

INSPIRATION

C10 Home Style

Spice up your life!

8 NextHome.ca

Sarah Khan SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins

PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Dennis Ng GRAPHIC DESIGNER

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.

BY ALYSSA FURTADO

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.

Where will you spend your gold years?

BY MARNIE BENNETT

IN EVERY ISSUE

10 22 24 26

SALES & MARKETING CO-ORDINATOR

How to improve the odds of getting a mortgage

C14 Home Smarts

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Paul Bimm paul.bimm@nexthome.ca

Editor’s Note Hot Properties Advertisers Index What’s Online

Call 1.855.826.4200 to discuss distribution opportunities.

Copyright 2017 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

EMBRACE YOUR PATH. Grand Opening Continues!

After searching far and wide for the perfect new home, your hunt ends here at Pathways at Findlay Creek by eQ Homes.

Enrich your life with your choice of any of eQ Homes’ three sensational housing styles, all offering outstanding value for families, downsizers and first-time buyers alike.

eqhomes.ca

Townhomes from the low

300’s

$

Sales Centre Located @ 4828 Bank St., Ottawa, Ontario

613-822-7247 | sales@eqpathways.ca Prices and specifications are subject to change without notice. Rendering is artist’s concept. E.&O.E.

from the low

Singles

400’s

$

EDITOR’S NOTE

COUNTDOWN IS ON FOR NATIONAL HOUSING STRATEGY

WAYNE KARL MANAGING EDITOR NextHome

What a difference a year makes. Last year about this time, we were hearing all about the federal government’s efforts to come up with a National Housing Strategy. For months, Minister of Families, Children and Social Development Jean-Yves Duclos consulted with provincial bodies, industry experts and everyday Canadians to devise a policy to address the myriad issues and challenges we’re facing. Now, after an Expert Roundtable in Ottawa on Oct. 5., we’re told the Strategy is weeks away.

It was a daunting task, to be sure: To design a national strategy that addresses multiple and varied issues, and executes a vision that is equitable across differing economies, markets and conditions.

From affordable housing to rental markets to homeownership, the challenges are complex and farreaching.

It’s not just that Canadians are expecting a lot from the Strategy, the single largest commitment in Budget 2017, with investments of $11.2 billion over 10 years. It’s that we need it. What’s happened over the last year, besides all the planning, is that many of the issues have grown even more difficult and challenging.

EMAIL: Wayne.Karl@nexthome.ca TWITTER: @WayneKarl

+ page C10

+ get social 10 NextHome.ca

Interact with us on social media: nexthome

I live for moments.

I live in

Discover your own.

SINGLE-FAMILY HOMES + CONDOMINIUMS

CARDELHOMES.COM

.

TERRACE HOMES & REAR LANE TOWNHOMES

Commute less & live minutes from downtown!

SELL OUT SPECIALS

$3,500 Shopping Spree at

$5,000 OFF Move-in

Ready Homes

OVER 90% SOLD STARTING AT $297,900

MORTGAGE PAYMENTS F O R A YECOANTRES!T

*

602 Danaca Private, Ottawa

Monday - Thursday: 12pm - 7pm

Call: (613) 680-4771

Friday - Sunday: 12pm - 5pm

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.

SPOTLIGHT ON

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UT L-O N L U P CTIO SE

IN THIS SECTION

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

MODELS COMING SOON

Quartz model shown

Live carefree in Kanata 2 BEDROOM / 2 BATH FROM THE

SPOTLIGHT ON

CONDOS

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• • • •

300s

$

9' ceilings Hardwood floors Granite countertops Elevator Private balconies

• • • •

DECEMBER 2017 OCCUPANCIES AVAILABLE

INCL HST

6 appliances Air conditioning Heated underground parking A/C and humidifier

+ MUCH MORE!

Visit us online for community info, floorplans and more.

Errors and omissions excluded. Prices, plans, elevations, promotions and specifications subject to change without notice.

SPOTLIGHT ON

CONDOS

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PROPERTY PROFILE

THE BOWERY

SPOTLIGHT ON

CONDOS

EXPERIENCE THE BOWERY LIFESTYLE Nothing beats location, and Richcraft’s The Bowery Condominium and Lofts epitomizes location and sophistication. These chic condos and lofts offer a brand new location for urban professionals, retirees and anyone looking to be in the heart of the downtown core.

Come and experience The Bowery lifestyle and explore the 18th floor amenities firsthand.

New York City pizzazz meets Ottawa panache in this 18-storey building located at 255 Bay St. Inspired by the post-industrial revivalist architecture of Bowery Street back when it was lined with grand theatres, soaring banks and fashionable shops, The Bowery Condominiums and Lofts is a

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remarkable palette of different materials, just like the Bowery of its day. The Bowery, with its cosmopolitan street presence, commands attention.

The Bowery offers a superb selection of modern suites and an array of first-rate amenities.

All of the amenities can be found on the 18th floor with incredible views of downtown Ottawa. The hot selling feature is, by far, the stylish rooftop amenities, which are some of Ottawa’s best. With sweeping cityscape views, a pool and a lounge area, this will be the place to spend your time relaxing. The Bowery’s sublime rooftop pool is the ultimate invitation to indulge in relaxation or have a little

fun. Natural sunlight streams in through the floor-to-ceiling glass walls looking out towards the Ottawa River.

At the Bowery, the fun doesn’t stop on the roof. Hit the streets and explore the neighbourhood, feel the downtown vibe and intimate atmosphere of an old, historic community. You can live mere steps from Bank Street, the Ottawa River, Sparks Street Mall, parks, bars and restaurants.

Stroll Parliament Hill, skate on the Rideau Canal – a World Heritage Site, and be close to museums and iconic architecture. You can walk to some of Ottawa’s best shopping and dining. You’ll soon understand what makes The Bowery one of Ottawa’s hippest new addresses.

The Bowery is steps away from LeBreton Flats, which is currently undergoing a major redevelopment. The expansive space will be home to one of the major Light Rail Transit (LRT) stations and the Ottawa Senators’ arena, among many other convenient shops and local restaurants.

This new landmark is the creation of Richcraft, which is known for quality construction and materials, excellent customer care and a focus on Energy Star products. Get enduring value with your trendsetting home and enjoy the urban lifestyle in the centre of things – starting from only $200,000. All suites include four European stainless steel appliances, hardwood throughout, and quartz countertops.

The Bowery is a place that speaks to you and your unique take on life. A place that lets you live and play by your own rules.

A great Centretown address at the heart of a vibrant capital metropolis humming with intellectual debate, world-class museums and stunning nature.

Call or visit The Bowery at 255 Bay for more information.

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LOCATION Ottawa

DEVELOPMENT The Bowery Condos + Lofts HOME TYPE Condominiums

SALES CENTRE

CONTACT 613.695.7577 thebowerycondos.ca

CONDOS

255 Bay St., open Monday to Friday 11 a.m. to 6 p.m., Saturday and Sunday 11 a.m. to 4:30 p.m.

SPOTLIGHT ON

DEVELOPER Richcraft

OCT. 14-28, 2017 C5

SPOTLIGHT ON

CONDOS

Specifications and features subject to change without notice. E&OE illustration is artist’s concept. Brokers protected.

. y er ow all N G r n ste tio gi ta Re en ly. es ai Pr n D pe O

The Residences at Island Park Drive

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an o l d - wo r l d bu i l d i n g o f c r e at i v e c r a f t, t e c h n i c a l s k i l l a n d t i m e l e s s b e a u t y i n o t t awa The homes at 1451 Wellington West in Ottawa reflect what Mizrahi Developments has become known for in our drive to redefine the luxury marketplace. The only builder in Canada with the ISO 9001 certification, a process management system that requires regular third-party auditing, Mizrahi Developments makes each residence feel like a mansion in the sky, offering a glorious view.

1451 Wellington West is constructed to standards of a forgotten era when craftsmanship was a priority.

Call 613-798-4663 for your private appointment or register today at www.1451Wellington.ca OTTAWA PRESENTATION GALLERY NOW OPEN ON SITE Monday–Friday: 9am–7pm, Saturday: 10am–6pm, Sunday: 11am–5pm

1451Wellington.ca

Tel: 613-798-4663

OVER 80% SOLD

FLATS

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

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

of maintenance-free living. The Crème community garden is a charming feature you won’t find anywhere else. Just off the beaten path, and only fifteen minutes from the downtown core, be available for much longer. Prices starting at $336,200.

VISIT

www.cremehomes.ca

3143 Navan Rd. | 613-807-0316

CONDOS

these classic, quality homes by Domicile Developments won’t

SPOTLIGHT ON

It’s now or never for the

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CONDOS

$459,000

$255,000

$357,000

$279,000

$251,000

$301,000

SPOTLIGHT ON

CONDOS C9

INSPIRATION

YOUR LIFE! This season it’s all about taking inspiration from your kitchen spice rack. Think bright, bold colours such as chili red, turmeric and pumpkin spice when looking to update your home

by SARA DUCK

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1 | Bennet Rocking Chair in yellow. $399. structube.com

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SPOTLIGHT ON

CONDOS

2 | Ansi Decorative Pillow (19-by19 in.). $35. bouclair.com 3 | Artisan Series 5-Quart Tilt-Head Stand Mixer in buttercup. $600. kitchenaid.ca 4 | Farmhouse Dinner Plate in yellow. $12 each. crateandbarrel.com

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GROUND BREAKING THIS OCTOBER ST CHANCE AT PRE-CONSTRUCTION PRICING

The River Terraces at Greystone, nestled between the Rideau River and the Rideau Canal. A nine-storey condominium featuring designerappointed bachelor to two bedroom plus den residences with expansive terrace views. Savor gracious living at an address surrounded by all that Greystone Village has to offer, just minutes from downtown.

Illustrations are Artist’s Concept.

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

CONDOS

VISIT THE PRESENTATION CENTRE DESIGNER MODEL SUITE TODAY GREYSTONEVILLAGE.CA

SPOTLIGHT ON

CONDOMINIUMS BY THE RIVER FROM THE LOW $200’s

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5 | Wool Egg Chair

by Flash Furniture, in red. $700. bedbathandbeyond.ca 6 | Loves You Faux Fur Pillow with Down-Alternative Insert (16-in.). $80. cb2.com

7

7 | 4-Slice Smeg Toaster in red. $300. chapters.indigo.ca 8 | Kobenstyle Cookware Casserole 4-Quart by Dansk, in chili red. $124. williamashley.com

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SPOTLIGHT ON

CONDOS

9 | 6-Cup Bialetti Espresso Coffee Maker in orange. $49. amazon.ca

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10 | Reversible Peter Pop Throw Pillow in orange/chocolate. $188 US. jonathanadler.com 11 | Crosby Mid-Century Armchair in Chunky Basketweave, burnt orange. $749. westelm.com 12 | Cake Stand in flame. $60. lecreuset.ca

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Home Sweet Home. Almost.

Phase 1 Phase 2 Move in January 2018-2019 Visit our award-winning presentation centre: 223 Main St. | Mon-Thurs: 12-6pm | Sat-Sun: 12-5pm 613-806-6246 | cornersonmain.ca

CONDOS

There’s no better time to explore what The Corners on Main has to offer.

SPOTLIGHT ON

Each day, The Corners on Main looks more like home, and less like a construction site. Within each suite, the hopes and dreams of future homeowners are unfolding. We look forward to rewarding their trust in us with beautiful, boutique condos.

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ADVICE | HOME SMARTS

WHERE WILL YOU SPEND YOUR

GOLDEN YEARS?

SPOTLIGHT ON

CONDOS

MARNIE BENNETT When I was starting out in real estate, it was pretty common – almost expected – for retirees to sell the family house and move to a picturesque little town for some peace and quiet. Maybe they would winterize their cottage and move in year-round, or maybe they’d join the ranks of snowbirds who headed south each winter.

But the prevailing idea was that, after decades of working hard and raising a family, retirees were ready to get away from it all.

It never fails to amaze me how quickly times change. In recent years, the trend has begun to swing the other way. More and more often, I’m seeing retired clients who are ready to sell their suburban or rural homes and purchase something right in the heart of the city.

What’s the appeal of an urban retirement? Well, there are the usual suspects: arts and entertainment, restaurants and shopping, social groups and recreation, all right at your doorstep. For baby boomers who have spent huge portions of their lives driving to and from work, ditching the car and hopping on public transit feels like freedom.

Yet another big draw for some retirees is that the city brings them closer to children and grandchildren. For those who are widowed or divorced, the city often offers greater possibilities for making connections with others.

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The simple truth is that where some people find comfort in quiet surroundings, others find isolation.

Finally, some are attracted downtown for the most practical of reasons: you can’t beat the big city for health care. Even if they’re fit as fiddles, today’s retirees are taking the long view.

“

....arts and entertainment, restaurants and shopping, social groups and recreation, all right at your doorstep.

”

I don’t want to overstate it: many boomers still embrace the classic ideal of the fishing boat, a heap of novels and gorgeous lakeside sunsets. But many others are suited to cottage life for just a few weeks a year. These clients tell me that they finally have the time and energy to pursue all the interests that have been on the

backburner for so many years – whether it’s seeking out live jazz, exploring world cuisine or joining a racquetball club. And no place offers them more than the vibrant, ever-changing city.

I suggest you examine your own retirement dreams – and have fun doing it!

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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CONDOS

To book a viewing contact TallShipsLanding@Fuller.ca

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SPOTLIGHT ON

CONDOS

* FF O 0 00

PLATEAU DU PARC

$1

5

9 KM FROM PARLIAMENT Corner of ch. Pink & boul. des Grives, Gatineau

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From the

360’s

$

*

HORIZON

8 KM FROM PARLIAMENT 354 #3 boul. des Grives, Gatineau

W C AT O E M R M FR U O N N IT T Y

Rent from $940*/mo.

DOMAINE DU VIEUX-PORT

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

CONDOS Rent your suite with loft & rooftop terrace

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

Offers common area including a large rooftop terrace.

819.776.4663

819.772.4663

PRESTIGE HOMES High-end homes in one of the most sought-after community CONDOS A waterfront paradise with urban lounge on the top floor

819.777.4663

C O

N UN ST D RU E CR TI O

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From the $260’s*

SINGLE FAMILY HOMES Luxury homes near Gatineau Park

PETRIE’S LANDING 21 KM FROM PARLIAMENT

8865 Jeanne d’Arc Blvd. N., Orléans

1L O O NL T Y LE FT

From the $199’s*

LOREKA COURT 29 KM FROM PARLIAMENT Loreka Court, Ottawa

From the $160’s*

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

613.824.4059

LOTS You want to build your dream home?

40 x 147 feet lots located on a private street

RE SE RV E

N O W

613.257.4079

KANATA LAKES

26 KM FROM PARLIAMENT 126-4 Battersea Crescent , Ottawa

C N NE O O W N W P ST U H RU N AS C DE E TI R O N

Rent from $1 305*/mo.

CARLETON CROSSING 51 KM FROM PARLIAMENT

117 McGregor St., Carleton Place

From the $279’s*

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

613.317.2438

SINGLE FAMILY HOMES Luxury homes in a quiet neighbourhood CONDOS Rent your contemporaty suite now

613.257.4079

*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

CENTS OVER SENSIBILITY CANADIANS WILLING TO EXCEED BUDGET TO BUY A HOME

A new TD survey reveals Canadians are willing to put cents over sensibility when it comes to buying a home.

Environics Research Group conducted an online survey among 2,000 homeowners, non-homeowners, homebuyers and potential buyers from July 28 to August 7, 2017. Of those who responded, 60 per cent said they would be willing to exceed their budget, with 56 per cent saying they would go over their budget by up to $50,000.

“Emotions are playing too big of a role in the homebuying process and are tempting buyers to spend more than they can afford,” says Roy D’Souza, associate vice president, Real Estate Secured Lending at TD Canada Trust. “[The amount of] $50,000 might lose its stickershock compared to the overall price of a house, but it’s still a substantial amount of money that could be used to meet other financial needs. … Keeping your feelings in check is critical to making objective decisions that match your short- and long-term financial plans.”

The survey also shows that 57 per cent of homebuyers say they are confident about what they can afford, yet 97 per cent admit they wished they had factored in their other financial obligations when determining how much mortgage they could really afford, with 54 per cent stating property taxes and 33 per cent including overall lifestyle expenses.

“Owning a home is a lot more expensive than buyers expect,” says D’Souza. “Buyers who don’t account for these extra costs are potentially putting themselves under a lot of financial stress should their circumstances unexpectedly change.”

A helpful tool is a mortgage affordability calculator, whereby the potential buyer plugs in their financial information to help them understand how much home they can afford after monthly expenses, debt payments and savings are accounted for.

For those looking to buy a home, here are more tips from TD: • Build a buffer before you buy: As much as possible, consider and plan for the unexpected by maintaining a financial buffer of at least three to six months, to help offset the impact of unforeseeable rate changes. Also, learn as much as possible about the best type of mortgage to suit your needs (for example, fixed versus variable interest rates) to ensure you’re making an informed decision that works best for you.

• Be honest about your lifestyle: Don’t confuse your budget with the mortgage you qualify for. Consider what your priorities are and get honest about what you can live with, what you can live without, and how your mortgage payments and ongoing home costs will impact your quality of life.

• Embrace a homeowner state of mind: From maintenance costs to various types of insurance needs, there are different expenses to factor in when determining how much you can afford.

Test drive your mortgage by putting aside what you anticipate your mortgage payments and home owning costs will be each month to prove that your budget is sustainable.

Top concerns when it comes to buying a home 70 60 50 40 30 20 10 0 Rising interest rates

Home ownership has too many hidden costs

Being house poor

Personal issues (e.g. job stability)

Lifestyle changes (e.g. fewer social outings)

% of Canadians who have additional homebuying concerns

16 NextHome.ca

Ability to afford monthly mortgage payments

TRENDING

SAVING FOR A DOWN PAYMENT HOW MUCH DO YOU NEED TO SACRIFICE?

Prospective homebuyers will often have to make some lifestyle changes in order to save enough funds for a down payment. But, how much do you really need to sacrifice? Ratehub.ca, a financial product comparison website, conducted a study to see how everyday luxuries impact Millennials’ savings.

The methodology: The average cost of a home in Canada was $472,247 in August 2017, according to the Canadian Real Estate Association (CREA). Mortgage Broker CanWise Financial found that Canadian homebuyers put down an average down payment of 10 per cent. Using these figures, ratehub.ca calculated that Canadian homebuyers will need to save $47,225 for a down payment.

So, what do you have to give up?

Millennials love the finer things in life, but the costs of these luxuries add up. For example, a specialty beverage at Starbucks costs an average of $4; takeout meals cost approximately $15; Every Uber ride you take will amount to about $16.40; brunch costs approximately $25; and nights out will set you back $65.

Here is how long it would take you to save for a down payment if you were to redirect the funds you would normally spend on these luxuries.

STARBUCKS Price:

$4

Times per week:

3

11,806 Time to reach goal: 76 years # of drinks to give up:

TAKEOUT Price:

$15

Times per week:

3

3,148 Time to reach goal: 20 years # of drinks to give up:

BRUNCH Price:

$25

Times per week:

1

1,889 Time to reach goal: 36 years # of drinks to give up:

UBER $16.40 Times per week: 3 Price:

2,880 Time to reach goal: 18 years # of drinks to give up:

NIGHT OUT Price:

$65

Times per week:

2

727 Time to reach goal: 7 years # of drinks to give up:

OCT. 14-28, 2017 17

PROPERTY PROFILE

A CUSTOM HOME DESIGNED IN THE SKY 1451 WELLINGTON PROVIDES PURCHASERS WITH ALL THE LUXURIES AND COMFORTS OF A HOUSE WITHOUT THE HASSLE

Gail Lowe and her husband Ken first considered moving into a condo several years ago, but could not find anything that made it worthwhile to move out of their 3,100-sq.-ft. single-family house in Britannia Village. “At first Ken was not really on board to buy an apartment at all,” says Lowe.

The couple, who are now empty nesters, have always enjoyed the location of where they lived right by the Ottawa River, but also really liked having lots of space. “While we don’t need five bedrooms anymore, we still wanted to have 18 NextHome.ca

a home where we could entertain our family and friends,” says Lowe.

“We are also avid walkers and cyclists and really value being able to walk everywhere.”

Mizrahi Developments’ 1451 Wellington fills a gap in Ottawa’s luxury housing market and presents a new lifestyle option for homeowners like Gail and Ken. Located at the corner of Island Park Drive and Wellington Street West, the 12-storey boutique condo offers purchasers an address that is footsteps from shops and restaurants in Westboro,

close to the Ottawa River and downtown. However, it differs from other condo projects by offering a superior quality for standard finishes, hotellike amenities including 24/7 concierge and valet services and spacious floorplans with the ability to customize. “We like to think of floorplans as a suggestion,” says Sam Mizrahi, president and Founder of Mizrahi Developments.

“The buyer has the choice to change it all. From one- bedroom suites to two-bedrooms with a den, there are many options, and

many opportunities to personalize the design.”

Location, space and the ability to customize their condo were the key features that attracted Gail and Ken to 1451 Wellington.

The couple bought two units and are combining them to create a new 2,100-sq.-ft. home. The high-quality of interior finishes and detailed craftsmanship included in the design, they felt, was on par with what they are used to having at home. “Scaling down to one level, with less maintenance and easy access to where we want to be, is another aspect we are really looking forward to enjoying.”

Gail and Ken’s custom suite includes two bedrooms, each with its own ensuite and walk-in closet, as well a Great Room with bar amenities built into a feature wall. Gail is most excited about her den, designed with folding doors that can be tucked away to create more open space for larger gatherings. Ken loves to cook while entertaining, so they added an extended kitchen island that could seat four guests.

The presentation gallery for 1451 Wellington is a replica of the condo’s finishes, and features nine- to 10-ft. ceilings, seven-in. baseboards and detailed custom mouldings, creating a traditional and stately feel throughout. The

+

LOCATION Westboro DEVELOPER Mizrahi Developments DEVELOPMENT 1451 Wellington HOME TYPE Condominiums CONTACT 613.798.4663 1451wellington.ca

Mizrahi’s boutique luxury condo projects in Toronto also features hotel-like amenities and a high-standard of finishes throughout.

model kitchen, designed by Irpinia Kitchens, is equipped with Miele appliances and stone countertops.

The master ensuite includes a lavish bathtub and walk-in shower, heated floors and marble countertops. To put it simply: what you see is what you get.

The success of this development model is already evident throughout Toronto’s skyline with two completed boutique condo projects by Mizrahi, 133 Hazleton and 181 Davenport, and two other luxury projects currently under construction, including Toronto’s first $1-billion condo.

Mizrahi’s understanding of this

niche market also comes from his many years of experience as custom home builder in affluent neighbourhoods. “1451 Wellington offers the type of product that big cities, such as Toronto, have come to expect, but we don’t have anything like this in Ottawa,” says Mizrahi. “The demand is here, and we want to serve it.”

For a first-hand experience of the new level of luxury in Ottawa, please visit the presentation gallery at 1451 Wellington Monday to Friday 9 a.m. to 7 p.m., Saturday 10 a.m. to 6 p.m., Sunday 11 a.m. to 5 p.m., or call 613.798.4663.

OCT. 14-28, 2017 19

ADVICE | GOHBA REPORT

INTENSIFICATION AND RESIDENT CONFLICT

SPOTLIGHT ON

CONDOS

JOHN HERBERT Certain infill builders were recently called to task by the Councillor for Ward 15 (Kitchissippi), Jeff Leiper, for their inappropriate conduct in his ward. The concerns listed were manifold but basically boiled down to a lack of respect shown by these companies towards local residents and abutting neighbours while constructing infill projects. The Councillor’s suggested solution was for the Greater Ottawa Home Builders’ Association (GOHBA) to finance an Ombudsman who would effectively police infill builders whose conduct was not up to standard. This idea quickly gained traction and moved from social to mainstream media with some speed. Clearly, these issues resonate with Ottawa residents, as does the idea that something should be done to remedy the situation.

There is no doubt some substance to these concerns. Infill building in and of itself is intrusive and, by definition, you are altering the physical landscape. To do so requires heavy machinery, people to operate it, and multitudes of tradespeople to build the projects, all of whom have cars that they need to travel to the site. Because the nature of the development is infill, it is occurring in an already

20 NextHome.ca

built up landscape, invariably in older parts of the city, which have narrower rights-of-way and in general less space to operate.

So, to actually build an infill project without impacting the neighbourhood in some fashion is next to impossible.

That said, it does not excuse the conduct of certain companies who are clearly disrespectful towards the neighbourhoods in which

“

Not all builders are born equal.

There are two very separate groups involved in infill development...

”

they are operating. If anything, this physical environment should demand more care and thought as to how the project can be executed, while minimizing the impact on the local community.

In some cases that is not happening and the net result is to bring the entire industry into disrepute. Given that GOHBA represents about 400 industry companies, it clearly behooves the organization to become part of the solution to this problem.

However, there are a few facts that are worth noting before focusing on potential solutions. The most important

fact is that not all builders are born equal. There are two very separate groups involved in infill development with the problem players being entrepreneurs whose primary focus is to maximize profit at the expense of all other considerations. These operators are not part of any professional associations and do not need to concern themselves with their company’s reputation. Companies such as this usually build projects on their own account and then sell them on the open market to unsuspecting buyers. We know anecdotally that these buyers often suffer even more pain following occupancy than surrounding residents did during construction because the same dynamics prevail.

The second group are professional builders who are often lifetime or second generation builders and as a result are deeply concerned about maintaining a positive, long term company reputation. They invest a great deal of time, energy and money to build and protect a reputation because it is their life.

They often live with their families in the neighbourhoods in which they work and are part of the fabric of the community. They are usually members of the GOHBA which is a voluntary association for which they pay a significant annual membership fee. Through the GOHBA they receive continuous information such as changes to city bylaws and provincial building

codes, new materials, components and technology.

GOHBA is the voice of residential construction activity in Ottawa and, as such, has a vested interest in the industry being seen in the most positive light possible. Consequently, disrespectful behavior by a handful of independent entrepreneurs is as unacceptable to this organization, as it is to Councillor Leiper and the countless residents who have expressed their concerns in both the social and mainstream media.

So there clearly is a problem and GOHBA has as much of a stake in being part of the solution as do elected representatives, community groups, and all others involved in this process.

What then is the solution? To a certain degree, these problems are perennial. They occur across all municipalities in Ontario and likely all municipal jurisdictions across the continent. Anywhere in inner city locations where construction

is occurring, conflict between the builder and local residents is going to arise. The issue then is how to separate and deal with the legitimate but annoying construction related activity by professional builders from the irresponsible and unnecessary actions of unprofessional business entities. The solution likely rests in a multi-pronged approach. One initiative could be to establish a two tier approval process where professional, responsible builders are rewarded for their conduct and irresponsible companies are penalized. These ‘rewards’ could take the form of speedier approvals, less financially onerous requirements, and reduced oversight with the opposite approach used for companies that have proven themselves to be unreliable.

Because this is not a new issue, some initiatives have already been taken to try and deal with the problems. One of

these was the development of guidelines for building in mature neighbourhoods that were put together by the City in 2016 and widely distributed by the GOHBA. City officials took the time to attend GOHBA Urban Infill Council meetings to discuss the guidelines, identify the most common complaints, and suggest alternative approaches that might assist. These guidelines are still available and can be found on GOHBA’s website – gohba.ca.

Unfortunately, GOHBA lacks the financial capacity and regulatory authority to act as an Ombudsman and could only sanction members who are not the primary problem builders in this matter.

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.

OCT. 14-28, 2017 21

HOT PROPERTIES

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

1451 WELLINGTON BY MIZRAHI DEVELOPMENTS

1451 WELLINGTON By: Mizrahi Developments City: Westboro Housing type: Condominiums Contact: 613.798.4663 1451wellington.ca

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

CREEKSIDE

GALLERY TOWNHOMES

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

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

EQUINELLE

HARMONY

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

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

CARLETON CROSSING

By: Greatwise City: Ottawa Housing type: Townhomes Contact: freshtowns.ca

AVIATION PRIVATE

By: Brigil City: Stittsville Housing type: Singles Contact: 613.257.4079 brigil.com 22 NextHome.ca

FRESH TOWNS

KOL By: Cardel Homes City: Blackstone Housing type: Condominiums Contact: 613.592.0062 cardelhomes.com

THE BOWERY BY RICHCRAFT

MAHOGANY

RATHWELL LANDING

THE BOWERY CONDOS & LOFTS

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

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

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

ON HALF MOON BAY

SOHO CHAMPAGNE

THE CORNERS ON MAIN

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

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

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

PATHWAYS AT FINDLAY CREEK By: Phoenix Homes City: Findlay Creek Housing type: Singles, urban flats and townhomes Contact: Susan Linton 613.219.6862 phoenixhomes.ca

POTTER’S KEY By: Minto City: Stittsville Housing type: Singles Contact: 613.788.2761 minto.com

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

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

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

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

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

+

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 OCT. 14-28, 2017 23

et a

Builder Name

Site Name

Almonte

Phoenix Homes

White Tail Ridge

x

Carleton Place

Brigil

Carleton Crossing

x

Carp

Phoenix Homes

Diamondview Estates

x

Hunt Club

Claridge Homes

Hunt Club Flats

Kanata

Claridge Homes

Bridlewood Trails

Kanata

Phoenix Homes

Fernbank

Kanata

Phoenix Homes

Terra Flats

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

From $279's

15

From $400's

12, 13

x

From $277,900

6, 7

x

From $394,900

6, 7

From $350's

12, 13

x

From $200's

12, 13

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

x

From $200's

12, 13

Ottawa South

Claridge Homes

Summerhill Village

x

x

From $369,900

6, 7

Ottawa South

Claridge Homes

Sundance

x

From $592,900

6, 7

Brigil

Plateau Du Parc

From $360's

15

Navan

Claridge

Spring Valley Trails

x

x

From $343,900

6, 7

Orléans

Minto

Avalon Encore

x

x

From $285,900

2, 3

Orléans

Phoenix Homes

Halo Flats

x

From $200's

12, 13

Ottawa

Cardel Homes

Blackstone

x

Inquire

11

Rockcliffe

Claridge

Wateridge Village

x

From $748,900

6, 7

x

x x

x

x

SOUTH

x x

NORTH Gatineau

x

EAST

24 NextHome.ca

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

CENTRAL Ottawa

eQ Homes

Pathways

Ottawa

Valecraft

Aviation Private

Brockville

Fuller

Tall Ships Landing

Downtown

Claridge Homes

Downtown

x

x

From $300's

9

From $302,900

14

x

Inquire

C15

Icon

x

From $301,000

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

C3

Gatineau

Brigil

Domaine Du Vieux-Port

x

From $260's

15

Gatineau

Brigil

Horizon

x

Inquire

15

Gatineau

Brigil

Jardins McConnell

x

Inquire

15

Kanata

Cardel

Blackstone

x

From $300's

C2

Orléans

Brigil

Petrie's Landing

x

From $199's

15

Orléans

Domicile Development Inc

Crème

x

From $336,200

C7

Ottawa Central

Brigil

Kanata Lakes

x

Inquire

15

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

x

From $232,000

C8, C9

Ottawa Central

Claridge Homes

Fusion

x

From $282,000

C8, C9

Ottawa Central

Claridge Homes

Waterstreet

x

From $250,000

C8, C9

Ottawa Central

Mastercraft Starwood

Soho Champagne

x

From $302,900

C16

Ottawa East

Domicile Development Inc

The Corners On Main

x

From Low $300's

C13

Ottawa West

Tamarack

Wellington

x

From $299,068

BC

Richmond

Cardel Homes

KoL

x

From $300's

C2

West Nepean

Claridge Homes

Stirling Park

x

From $279,000

C8, C9

West Ottawa

eQ Homes

Terrace At Greystone

x

From $199,900

C11

Westboro

Mizrahi Developments

1451 Wellington

x

Inquire

C6

x

CONDO

OCT. 14-28, 2017 25

WHAT’S ONLINE

TRENDING NOW

THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

WINNING STRATEGIES TO TACKLE A BIDDING WAR

THINGS TO CONSIDER BEFORE YOU HIRE A DESIGNER

nexthome.ca/bidding-war

nexthome.ca/hire-designer

WHAT RENTERS WANT...

AND WHAT REALLY PAYS OFF

SIX WAYS TO REDUCE YOUR MORTGAGE COSTS

nexthome.ca/what-renters-want

nexthome.ca/reduce-mortgage-costs

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ADVICE | MORTGAGE INTEL

HOW TO IMPROVE THE ODDS OF GETTING A MORTGAGE

ALYSSA FURTADO

Getting a mortgage is a pretty straightforward process, but did you know there are ways to improve the odds of getting one?

Ask yourself: “How much mortgage can I afford?” Just because you’re approved for a certain amount, doesn’t mean you should use all of the money available to you. The last thing you want is to be house poor.

You should create a budget with expected carrying costs as well as any other expenses that may come up including vacations, retirement savings and having kids.

With all that in mind, you can feel comfortable with your numbers. To ensure you get the mortgage that you need, you should do the following: MAKE A LARGE DOWN PAYMENT

With a larger down payment, you won’t need to borrow as much from the bank. Since the bank doesn’t have to lend you as much, there’s a much better chance of you getting that mortgage. Any down payment of more than 20 per cent means you won’t have to buy mortgage default insurance.

IMPROVE YOUR CREDIT SCORE

Having a good credit score is one of the biggest factors when determining if you can get a

mortgage. Your credit score is a number between 300 and 900, and most large lenders want your score to be at least 650. If yours is below that, take the following steps before applying for a mortgage: Pay your bills on time: This is one of the major factors that determines your credit score.

Lenders want to see that you have a history of paying your bills on

“

Just because you’re approved for a certain amount, doesn’t mean you should use all of the money available to you.

”

time. If you miss two payments in a row, your score will drop dramatically. As long as you make the minimum payment listed on your credit card statement, your credit score will remain in good standing. Of course, you’ll end up paying high interest charges, so it’s not a habit to get into.

Pay down debt: Lenders also look at how much debt you’re currently holding. If you have a car loan and you’ve maxed out your

line of credit, those things could work against you. While having some debt is fine, use a mortgage affordability calculator to see how that debt affects the amount you’ll be approved for when applying for a loan.

Don’t apply for additional credit: There’s nothing wrong with having multiple credit cards, but you don’t want to be applying for them right before you get a mortgage.

Lenders will see that you’ve put in these applications and wonder why you suddenly need access to so much credit. Even if you have a legitimate reason, you don’t want to give lenders a reason to decline your mortgage application.

THE BOTTOM LINE

Applying for a mortgage is easy, but you’ll want to take a few steps to improve the odds of getting approved. Quite often it comes down to your credit score and debt load, which are easy to improve. Take the steps now so you won’t have any issues later when you’re ready to apply for a mortgage.

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

OCT. 14-28, 2017 27

NOW IN FINDLAY CREEK VILLAGE!

Townhomes So Beautiful...

They’re Suitable For Framing!

Starting at just $299,900, it’s your space, your way. Designed for an active lifestyle, these fully upgraded townhomes make luxury standard and are ready for your artistic touch!

The best of Findlay Creek Village is right outside your door — shopping, restaurants, transit, and health care are just steps away. Plus for a limited time, you’ll receive 6 appliances, air conditioning and a $5,000 design centre bonus!

Sales Centre 112 Helen Rapp Way, Ottawa ON Monday - Thursday: 1-8pm Friday: Closed Saturday, Sunday & Holidays: 12-5pm

613-822-1101

From

299,900

$