The Home Builders' Annual - Eastern Ontario 2016

Exploring Ottawa’s top builders & developers EXPERT PANEL

Guiding you through the homebuying process Bungalows, unicorns & flying cars THE FUTURE OF HOUSING IN ONTARIO

B U I LD E R STO RY M I N TO C O M M U N I T I E S

Minto Communities Family Traditions – Well Made

The K illarney — S how H o me i n Ar c a di a , Ka na ta

F

ounded in Ottawa in 1955, the Minto Group has grown into one of Canada’s largest and most respected real estate development, home building and management companies.

Purchasing a home is one of the most important decisions you’ll ever make. Over the past 60 years, Minto has built more than 80,000 homes in Ottawa, Toronto and Florida earning the trust of home owners in each new community. We understand people and communities, and our reputation for excellent customer service is among the best in the industry.

and minutes from gorgeous parkland, trails and access to the city. Now under construction. Visit our Sales Centre 400 Richmond Road, Ottawa.

Minto Beechwood | Located in one of Ottawa's most quaint, coveted and charming areas, New Edinburgh.

Minto Beechwood is nestled among eclectic cafés, fabulous restaurants, quirky shops, salons, galleries, intimate wine bars and pubs. Stanley Park, New Edinburgh Park, and extensive walking and biking paths are all just steps away. A prestigious address in the heart of New Edinburgh, just minutes from

Th e Hyd e — S how H ome i n Ar c a di a , Ka na ta

In 2012 and 2014, Minto was named Ontario Home Builder of the Year, an award that recognizes excellence in innovative product, community service and integrity within the industry.

Minto’s proud legacy in Ottawa means offering a home, community, and lifestyle for you and your family at any stage of life. Discover the Minto home and community that’s right for you.

HIGH-RISE Minto@lansdowne | Lansdowne Park has always been about bringing people together, a historic hub of activity where everything, and everyone, has its moment. Building on this vibrancy and energy, Minto@lansdowne is your opportunity to live in the soul of the city, and the heart of the action.

Lansdowne is almost sold out – only 8 suites remain in the luxurious Rideau building. Ready for occupancy. View our Model Suites at 1035 Bank Street, Ottawa.

UpperWest | A true landmark in the heart of Westboro.

UpperWest offers privileged, unobstructed views of the vast green and blue expanses of the Ottawa River Parkway and Gatineau Hills. Live steps from upscale dining and shopping

everything that matters. Now under construction. Book an appointment 613-696-8188.

NEW HOMES COMMUNITIES — EAST Avalon Encore | A master planned community of newly designed Single Family Homes, Townhomes, and Infusion Terrace Homes in the heart of Orléans. Parks, bike paths, walking paths, playgrounds and ponds abound as you stroll through the neighbourhood. With easy access to numerous schools, transit and retail, Minto Avalon Encore is a community where families grow and memories are made. New Single Family and Townhome Show Homes coming this spring.

Visit our Sales Centre 2370 Tenth Line Rd, Orléans.

Enclave at TrailsEdge | There is something special about the Enclave at TrailsEgde in Orléans — maybe it's the short walk to leafy wooded parkland and peaceful Mud Creek. Or, that it is close to transit, shopping & schools. This quaint community won’t last long, Single Family Homes and Townhomes are almost sold out. Visit our Avalon Encore Sales Centre, 2370 Tenth Line Rd, Orléans.

THE EASTERN BUILDERS’ ANNUAL 2016 3

M int o B eechwood

NEW HOMES COMMUNITIES — SOUTH Chapman Mills | There are many reasons why Chapman Mills is the most established community in Barrhaven. Chapman Mills is recognized for innovative land use, cozy neighbourhood parks, low-traffic residential roads, high resale values and abundant amenities close by. Infusion Terrace Homes are now available. Visit our Barrhaven Sales Centre 4005 Strandherd Drive, Nepean.

Quinn’s Pointe | A community built on 60 years of tradition, Minto is proud to introduce our newest Barrhaven community Quinn’s Pointe. Quinn’s Pointe features never-before-seen home designs including Single Family Homes, Executive Townhomes, and Avenue Townhomes. Quinn’s Pointe is a stone’s throw from everything Barrhaven has to offer, providing the comfort and tranquility you want with the lifestyle and convenience you need. Visit our Barrhaven Sales Centre 4005 Strandherd Drive, Nepean.

Mahogany | Discover the charm and convenience of Manotick Village living in a beautifully designed new home from Minto. Manotick offers a vibrant main street scene with the amenities you need for family living, as well as the peace and tranquility of village living. Brand new home designs revealed this spring, designed with today’s families in mind… and affordable! Visit our Sales Centre 108 Moretto Court, Manotick.

NEW HOMES COMMUNITIES — WEST Arcadia | With the Tanger Outlets, Canadian Tire Centre and Kanata Centrum within easy distance, Minto Arcadia gives you the contemporary, spacious home you need, with the convenient urban lifestyle you want. Offering Single Family Homes, Executive Townhomes and Avenue Townhomes.

Visit our Sales Centre at 380 Huntmar Drive, Kanata to tour our Show Homes.

Potter’s Key | New Community Coming Fall 2016. A crafted collection of homes that perfectly blends with its natural surroundings - the community of Potter's Key, Stittsville, is nestled around Feedmill Creek, with extra deep, premium lots enjoying beautiful views of this natural wetland.

Register to receive updates about the launch of Potter’s Key www.mintopotterskey.com 4 YPNEXTHOME.CA

Th e F i t z ro y — S h o w H o m e i n A rc a d i a , Ka n a t a

R i d e a u To wn h o m e — M o d e l S u i t e a t L a n s d o wn e

For more information about Minto Communities and our new homes and condos available for sale, please visit www.minto.com

MINTO COMMUNITIES 200 - 180 Kent Street Ottawa ON K1P 0B6 613.230.7051 GeneralInquiries@minto.com

Editor’s Note

A

Affordability, location and lifestyle Find a way to answer these homebuying questions, and you’ll like be very happy

ffordability, location, lifestyle… If you’re in the market for a new home today, these are among the most important factors to consider in your decision.

Perhaps these and other points have always been part of the homebuying equation, but there’s no question the issues are increasing in number and complexity.

Why? Economic and market conditions, interest rates, land and new home supply issues, Development Charges and other taxes are testing consumers’ affordability limits and new home wants, needs and demands.

Indeed, the rising costs of new homes today, particularly in the lowrise category, are causing homebuyers to make increasingly careful, informed decisions.

Who better to provide some guidance into these matters than some of Ottawa’s preeminent builders?

In our Expert Panel beginning on page 42, executives at some of the area’s most established home builders offer excellent insight to help you decide.

Potential homebuying challenges notwithstanding, Ottawa is a proven steady performer – especially over the long term.

Find a way to answer the affordability, location and lifestyle questions, and you’ll likely find yourself appreciating your decision for years to come.

Wayne Karl Editor, Yellow Pages NextHome wayne.karl@ypnexthome.ca Twitter: @WayneKarl

+ get social

Interact with us on social media: ypnexthome

THE EASTERN BUILDERS’ ANNUAL 2016 5

2016 table of contents 2

8 18

05 17

18

Editor’s Note

32

48

Mortgage Advice The five worst mortgage mistakes you can make

by Alyssa Richard

Legal Advice Tips for buying a new home from a builder

by Grant R. Poulsen

Tarion Report Tarion stands by your new home’s construction

by Howard Bogach

42

Expert Panel There’s no substitute for experience – so we’ve spoken to experts for insight into what homebuyers face today

49

Trending 6 financial homebuying tips

by Wayne Karl

50

Trending 5 reasons 2016 is a good year to buy a home in Canada

by Wayne Karl

OHBA Report Bungalows, unicorns and flying cars: the future of housing

by Joe Vaccaro

45

The Eastern Ontario Home Builders’ Roster A comprehensive list of newhome builders in Eastern Ontario

36

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES, NATIONAL

Moe Lalani

REGIONAL SALES MANAGER, EASTERN ONTARIO

Paul Bimm EDITOR

Wayne Karl ART DIRECTOR

Megan Pike CONTRIBUTING WRITERS

Candice Vetter, Lindsay Foran

23

SALES CO-ORDINATOR, EASTERN ONTARIO

Sarah Khan

PRODUCTION MANAGER

Bala Gnanapandithan

39

PRODUCTION CO-ORDINATOR

Dennis Ng

ADVERTISING: Call 416.626.4200 for advertising rates and information.

CIRCULATION Polybagged with the March 19 issue of Eastern Ontario New Home & Condo Guide Copies available through direct distribution and by consumer request year round by calling 416.626.4200

COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited, Ottawa, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law.

• Information correct as of press time. Pricing and availability of properties, specifications and features in the 2016 Ottawa Home Builders’ Annual are subject to change without notice – Errors & Omissions Excluded.

• 2016 Ottawa Ontario Home Builders’ Annual is not responsible for typographical errors, mistakes or misprints in editorial or ads

EASTERN ONTARIO NEW-HOME BUILDERS’ INDEX 02-04

Minto

29-31

Valecraft Homes

08-10

Arthaus

33-35

Richcraft Homes

11-13

Phoenix Homes

36-38

Claridge Homes

14-16

Lepine

39-41

Morley Hoppner

20-22

Mattamy Homes

52

Campanale Homes

23-25

eQ Homes

26-28

Cardel Homes

TERMS Advertisers, Editorial Content and 2016 Eastern Ontario Home Builders’ Annual 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.

Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

B U I LD E R STO RY D evM cGi l l

DevMcGill's ArtHaus

In Ottawa Marks A Spectacular National Debut

O

ne of the most respected real estate developers in Québec is has recently announced its presence on the national stage in a most impressive manner, by developing in Ottawa one of Canada’s most innovative and unique mixed-use urban developments.

DevMcGill is an award-winning urban residential developer who for the past 20 years has built more than 18 residential condominium projects in Montréal.

Now, they are creating their first project outside of Montréal with ArtHaus in the heart of the trendy ByWard Market area of downtown Ottawa. ArtHaus will be the residential component of a centre of creativity known as Arts Court, one of Canada’s most innovative and future-forward multi-partnered urban developments. Arts Court will also contain a chic world-class boutique hotel, theatre space, an arts gallery and exciting retail – all of it located in the centre of one of the country’s most eclectic and inspirational neighbourhoods.

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Arts Court in Ottawa is a joint venture of the City of Ottawa, the Ottawa Art Gallery (which will see a doubling of its current exhibition space), The University of Ottawa, who will oversee the programming of culture events in the new approximately 1,600 square foot theatre, and Group Germain, launching the first of its world-renowned hotels in the nation’s capital.

“ArtHaus is an exciting and natural extension of DevMcGill outside of Montréal,” says Stephane Cote, President of DevMcGill. “With our vast experience in restoring heritage properties in Old Montréal, we are honoured to be a part of what we feel will be one of the most remarkable urban developments in North America.

Our goal is to bring cutting-edge design to the Ottawa market, with respect for what has come before, by adding the sophisticated flair found in Montréal, Toronto and New York City.”

ArtHaus condominiums, with only 89 private residences available and currently under construction for completion in 2017, is a natural opportunity for DevMcGill to organically grow beyond its Montréal base by using its expertise developing multifaceted projects which combine residential with commercial and office space. The uniqueness of Arts Court in Ottawa is that it also contains Gallery and Theatre space which will make it such an inspired development in the centre of the city.

The ByWard Market in Ottawa is home to the best and trendiest restaurants, the hippest mixologists in the coolest clubs, the most unique artists in the most secretive galleries and the most fashionable shops in the entire national capital region.

ArtHaus will seamlessly fit within this atmosphere and be perfectly reflective of the lifestyle of ByWard Market residents.

This has been a trademark of DevMcGill, enhancing the landscape in every area in which they build, while respecting the existing architecture of the neighbourhood.

Combining retail, the arts, entertainment and Ottawa’s first-ever European-inspired Le Germain boutique hotel, the entire Arts Court development in many ways showcases the future possibilities of condominium living in Canada.

ArtHaus features a walk score of 98 and a transit score of 93, certain to improve as the new LRT station opens in 2018.

The development is nearby the shops of the Rideau Centre with the University of Ottawa within walking distance.

“We expect our residents to be urban professionals, young couples and empty-nesters,” says Cote. “Sophisticated younger

THE EASTERN BUILDERS’ ANNUAL 2016 9

people will appreciate the proximity to the University, nightlife and shopping, while empty-nesters can enjoy the very best of city living and culture in their backyard, and leave worry free when they travel.�

With Le Germain Hotel anchoring the condominium tower, ArtHaus residential suites are located on floors 15-23, with residential amenities also located on those floors, providing spectacular cityscape views from both the suites and amenity spaces such as a fitness centre and lounge area.

DevMcGill has attracted an impressive team of partners to ArtHaus. The renowned firms Barry Padolsky Associates Inc. and KPMB Architects have been in place since the beginning, with the prestigious architectural firm Regis Cote designing the suites and the award-winning U31 of Toronto doing the interior design.

ArtHaus at Arts Court in Ottawa is a spectacular national debut for DevMcGill, certain to be a continuation of its award-winning and well-earned expertise. Visit www.arthauscondos.com

ARTHAUS SALES GALLERY 264 Rideau St, Ottawa, ON K1N 5Y2 613.909.3223 sales@arthauscondos.com 10 YPNEXTHOME.CA

B U I LD E R STO RY PH O E N I X H O M E S

Phoenix Homes

By Far The Best Value In Ottawa!

P

hoenix Homes has been one of Ottawa’s most forward-looking companies since their launch in 1988. They offer homes for all stages of life in all ends of the Ottawa region. With a huge range of price points starting as low as $214,900, there is a Phoenix product for everyone. Executive townhomes start at $273,500, bungalows start at $336,400 and even a large four or five bedroom single family home starts at just over $400,000, yet all the beautiful Phoenix features are offered.

Spectacular homes in the White Tail Ridge community in Almonte offer unparalleled treed lots about 1/2 of an acre

in size, allowing for a larger, wider home. Get the country lifestyle and the feel of a rural, close-knit community, but live only 20 minutes from Kanata on fully serviced lots. Many families are choosing to raise their children here and the prices, about $50,000 less than a similar home in Kanata, make this lifestyle easier to attain.

In Fernbank Crossing, which bridges Kanata and Stittsville, you can enjoy a master-planned community with schools, services, parks and retailers all nearby. Lots are spacious at 35, 43 or 50 feet wide, but homes start as low as $349,900 for a single family bungalow or two-storey home.

THE EASTERN BUILDERS’ ANNUAL 2016 11

Exceptional floor plans are combined with the opportunity to personalize finishes – made easier with the possibility of up to $40,000 in décor centre bonuses. Both model homes in Fernbank Crossing feature bold staircases, large front porches, elegant clay brick or designer stone exteriors, nine-ft. main floor ceilings, and ceramic tile in foyer, bathrooms, kitchen and laundry room. When you compare the bonuses and standard finishes to those of the competition, it is clear the best value is with a Phoenix Home.

Just released are the trendy Terra Flats within the Fernbank Crossing community. These condo flats offer the best value for a first time buyer or anyone looking to downsize into something that allows greater financial freedom. Starting at $214,900 for 1,028 square feet, these units are an amazing alternative to a townhome if you are more price sensitive.

In Barrhaven there are two communities that Phoenix is proud of – Felton Court and Sawgrass Towns. Felton Court’s executive townhomes provide convenient location by highway 416 and upscale living. The site is fully under construction now so bonus offers won’t last long! Sawgrass Towns, which is located across from the Stonebridge Golf Course, offers fantastic bonuses including a $5,000 appliance credit, hardwood floors on the main level, central air conditioning, 12 YPNEXTHOME.CA

W

ith a huge range of price points starting as low as $214,900, here is a Phoenix product for everyone. finished rec room in the basement, and granite kitchen countertops! Homes here also offer full brick front exteriors.

Hurry though, there are only a few units left at Sawgrass and they are move-in ready.

The Hillside Vista community in Orleans features threestorey towhomes and the popular Terra condo flats are being released this summer. The townhomes are under construction and must be seen. Their brownstone styled full brick fronts are stunning. The model home has just opened and will give you great insight into the functional layouts of the townhomes.

This site has amazing views of the Gatineau Hills. Nearby amenities include hundreds of shops and restaurants, trails, YM-YWCA, Shenkman Arts Centre, medical/dental offices, major OC Transpo stations, and sunsets on the beach at

Petrie Island– all within walking distance.

The ever popular Shadow Ridge community in Greely is being released for sale once again this summer. This site features semi-detached two-storey and semi-detached bungalows as well as 66 foot wide lots with numerous bungalow and two-storey single home designs. This community is sought after for its balance of in-city amenities and proximity to urban areas and it’s proximity to rural settings. Register online to have the first opportunity to purchase your dream home on this site!

Always looking forward, Phoenix is launching two new subdivisions in 2016. The first, called Pathways, will be a master-planned community just South of Findlay Creek. Virtually

all of our available product will be offered on this site. The second exciting community will be adjacent to the private Carp Airport. 50 foot and 60 foot wide lots will offer our traditional suburban homes, on fully serviced lots for up to $50,000 less than their counter-parts in Kanata. And yet, the site is only a 10 minute drive to the Brookstreet Hotel on March Rd. This site will be of particular interest if you are working in the High-Tech sector of North Kanata.

So check out the Phoenix Homes website at www.phoenixhomes.ca and view the communities and homes that best suit your lifestyle. Sales office location, phone numbers and contact information are all listed there for your convenience.

PHOENIX HOMES Locations: Almonte, Kanata, Orleans, Barrhaven, Greely, Carp (Coming soon), Findlay Creek (Coming soon) Products: Single family homes, semi-detached homes, bungalows, condominium flats Sales office hours: See www.phoenixhomes.ca for complete sales office information Starting Price: $214,900 Sales offices: See www.phoenixhomes.ca for locations Website: phoenixhomes.ca THE EASTERN BUILDERS’ ANNUAL 2016 13

B U I LD E R STO RY L ÉPI N E

Lépine

William's Court

L

épine is a family-run business that has constructed over 10 million square feet of residential real estate. The company, run by siblings Francis and Francesca, has established itself as a premier builder and landlord in Eastern Ontario.

Customers have come to recognize and appreciate the tight-knit family values that are present in all aspects of Lépine’s apartment building business. Francis Lépine brings with him a tradition of quality residential construction and hands-on management. He is directly involved in all aspects of development from land acquisition, planning and designing through costing, financing, site supervision 14 YPNEXTHOME.CA

and quality control.

Francesca, on the other hand, has several decades of experience in the management, leasing, buying and selling of multi-residential property. The governing principle behind the success of Lépine ventures is the hands-on owner in the store approach taken by their team members. Francesca’s warm and welcoming leasing team remains true to this tradition.

With 60 years of construction history and over 30 premium properties in their groundbreaking portfolio, Lépine has led the way in creating a refreshing standard of living, unique in today’s condo and rental markets.

WILLIAM’S COURT: William’s Court is a six-building luxury apartment community with all-inclusive amenities. This is the ideal solution for those looking to simplify their life and leave the burden of ownership behind. It is a unique solution for those who would rather not own a home but would still like to live in a modern, luxurious suite that feels like one.

Suites range from 700-1800 square feet with prices starting as low as $1295 per month. Tenants are drawn to the natural finishes: the large and open spaces with nine-foot ceilings, perfect for entertaining, the in-suite laundry facilities, and the carefree, maintenance-free living. With a first-class 18,000 square foot fitness centre including a salt-water pool, you will find everything you need right in your building. In a class all its own, this award-winning property provides fresh options to those who desire to simplify their life and own peace of mind, freedom to travel, and a resort lifestyle.

One thing that tenants love about William’s Court is the community atmosphere. There are regular tenant events, and

the staff are always kind, friendly, and professional. William’s Court is one large family where everyone really does know one another’s names. If ever there are any issues, maintenance staff are quick and efficient to solve the problem — another perk of renting at William’s Court.

William’s Court is located in a quaint, attractive neighbourhood close to a vast array of shopping attractions and inviting green spaces. With great trails for running and walking, nearby ponds and parks for yoga practices and meditation, you will find your own private getaway. Lépine designs living spaces to reflect and connect with the beauty of the nature surrounding it, ensuring that their tenants have the opportunity to live happy, healthy and active lifestyles.

This mantra is at the very heart of the resort-like apartment community of William’s Court. Other nearby attractions include the Kanata Lakes Golf and Country Club, the Canadian Tire Centre arena, The Kanata Centrum, and Tanger Outlet’s Mall.

The close proximity to the 417 means the rest of the city is only minutes away.

THE EASTERN BUILDERS’ ANNUAL 2016 15

Lépine recently captured the 2014 Amenities Award of Excellence by the Federation of Rental-housing Providers of Ontario for William’s Court. Its latest phase brings the resortlike community up to 740 suites. They are all pet-friendly and free from property taxes, ownership associations, condo fees and unexpected or hidden costs.

The city has spoken: luxurious rental suites and resort-style living are the way of the future. Because of their great success at William’s Court, Lépine is bringing their luxury apartments to downtown Ottawa. Les Terassess Francesca is well under way, just off the Vanier Parkway. With views of the Gatineau Hills and the Ottawa River and only a few minutes from downtown

Contact: Lépine Apartments 201-320 March Rd, Kanata, Ontario Tel: 613.591.9090 Email: home@elpine.com

16 YPNEXTHOME.CA

and the popular New Edinburgh neighbourhood, Les Terassess Francesca is sure to be as popular as its western counterpart.

Lépine believes that when you build quality, you build a solid investment. As a result, you also create a community that fosters neighborhoods which are safe and respectful of everyone. Safe communities are the guiding compass of socially healthy and prosperous cities which form the backbone of our great country.

For more information about William’s Court and Lépine, please visit www.williamscourt.com

WILLIAM’S COURT Lépine Luxury Apartments 105-1203 Maritime Way, Kanata, Ontario Tel: 613.663.1903 Email: leasing@lepineapartments.com

Hours: Monday to Friday: 9am – 6pm Saturday to Sunday: 10am – 5pm After hours by appointment

Mortgage Advice

The 5 worst mortgage mistakes you can make

by ALYSSA RICHARD

also hire a mortgage broker who can do all the legwork at no cost to you.

NOW THAT YOU’VE DECIDED TO BUY A HOME, THERE ARE NUMEROUS

steps in the process you’ll have to follow. When it comes to getting a mortgage, it could cost you in the long run if you make a mistake or two.

To help you save money and avoid potential problems down the road, here are some mistakes you should avoid: 1. Not knowing your credit score/rating Lenders love borrowers with a good credit rating. They’re often the ones who pay their bills on time, don’t use a large percentage of their available credit, and have different types of credit, such as a credit card, car loan, and line of credit. If you have good credit, you should be able to qualify for the best mortgage rates. But if you have bad credit, expect to get a mortgage with a higher interest rate. Not sure of what your rating is? You can get your credit score from Equifax or TransUnion.

2. Not being pre-approved for a mortgage If you’ve been looking at properties for a while, you might suddenly find the perfect home. But it’s possible you won’t be able to afford the place. That’s why it’s best to get pre-approved for a mortgage so you’ll know how much you can afford. Many lenders will guarantee your pre-approved rate for a period of between 60 and 120 days. That’ll give you time to find a property in your price range.

3. Not shopping around a mortgage If you think you’ll get rewarded with the lowest rate from your financial institution because you’ve been a loyal customer for a number of years, think again. Your institution may not have the best rate while a rival across the street might have a lower rate. You should do some comparison shopping on a site like RateHub.ca before getting a mortgage. You can

4. Not making more payments No one really likes to carry a large mortgage.

Typically, mortgage payments are made on a monthly basis but there are ways to pay it off faster by using accelerated biweekly payments. For example, if you have a $400,000 mortgage with a 25-year amortization and make monthly payments, your mortgage won’t be paid off until 2041.

We used RateHub’s mortgage payment calculator and found if you make accelerated payments, you’d pay off your mortgage nearly three years earlier and save about $15,000 in interest. Also, most lenders allow you to make lump-sum payments, which will let you pay your mortgage down faster and save you thousands of dollars in interest.

5. Not preparing for extra costs Buying a home can end up costing a lot more than you’d expect. First, there are closing costs, which include legal fees, title insurance and the land transfer tax. You might also need to reimburse the seller for the property taxes and utility bills they’ve already paid. These costs will add up to from anywhere between 1.5 and four per cent of the property’s purchase price.

Alyssa Richard is the founder and CEO of ratehub. ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

THE EASTERN BUILDERS’ ANNUAL 2016 17

OHBA Report

Bungalows, unicorns and flying cars

by JOE VACCARO, CEO ONTARIO HOME BUILDERS’ ASSOCIATION

A DECADE AGO, TO MARK ITS 60TH ANNIVERSARY,

Canada Mortgage and Housing Corp. (CMHC) published a report entitled Sixty Years of Housing Progress in Canada. It offers a fascinating review of how our parents and grandparents lived when the corporation was created in 1946 to house returning war veterans.

Chronicling how housing conditions have improved and changed over the decades, the report notes that in the early 1940s, less than half of Canada’s three million homes had an installed bath or shower and that close to 30 per cent of dwellings were in need of major repairs.

Remarkably, 44 per cent of homes in the early 1940s had no inside flush toilet and 93 per cent were heated by coal, coke or wood fuel.

18 YPNEXTHOME.CA

We’ve certainly come a long way since then, and it’s interesting to think about what the world might look like in 50 years from now. Will we be flying around in cars like the Jetsons or teleporting to work to avoid traffic gridlock? Some of the predictions may seem far-fetched, but if you recall, so did something called the World Wide Web back in the 1990s, and look where we are today with the internet’s takeover of global communication.

Looking to the future – be it 50

LOOKING TO THE FUTURE – BE IT 50 YEARS FROM NOW, THE NEXT DECADE, NEXT YEAR OR NEXT MONTH – INSPIRES MUCH OF OUR WORK WE DO AT OHBA. WHERE ONTARIO RESIDENTS WILL LIVE, WORK AND PLAY TOMORROW WILL BE SHAPED BY OUR EFFORTS TODAY ON A VARIETY OF FRONTS. years from now, the next decade, next year or next month – inspires much of our work we do at OHBA. Where Ontario residents will live, work and play tomorrow will be shaped by our efforts today on a variety of fronts.

The housing options available to consumers today are a reflection of big picture government thinking. I’m often asked the question where have all the bungalows gone and why are we building so many condos? With governments focused on intensification, density, transit-oriented communities and mixed-use buildings – it should be no surprise that the traditional ranch-style bungalow on a 60-ft. lot is quickly becoming as elusive as the unicorn.

OHBA has taken a positive and proactive approach to discussions around growth and planning for the future of our province. This means taking into account that the population in regions like the Greater Golden Horseshoe (GGH) is expected to skyrocket in the next 20 years, adapting building practices and standards to support and exceed the country’s

commitments to fight climate change and providing sustainable, complete communities along transit corridors. It means planning for a new generation whose needs and wants differ from those who have come before.

Big government thinking on these complex issues really does shape the housing options that consumers face today.

As you are surveying your options for new homes, you’ll quickly see how yesterday’s subdivisions of bungalows are being replaced with Net Zero homes and communities. In the future, the workshop in the garage will be replaced with a charging station for your electric vehicle. And just like in the Jetson’s, we’ll eventually have to find a spot for that flying car.

Joe Vaccaro is CEO of the Ontario Home Builders’ Association, the voice of the residential construction industry in Ontario representing 4,000 member companies organized into 31 local associations across the province. The industry contributes more than $42 billion to Ontario’s economy, employing more than 325,000 people across the province.

THE EASTERN BUILDERS’ ANNUAL 2016 19

MATTAMY CREATES PLACES PEOPLE LOVE TO CALL HOME

EXPERIENCE MATTAMY’S THOUGHTFUL DESIGN & COMMUNITY MASTER PLANNING ACROSS THE OTTAWA AREA Since 1978, Mattamy has built over 70,000 homes in hundreds of communities that people love to live in. Our success is built upon fulfilling the real needs and hopes of all of our Homeowners. How? We obsess over every single home & floorplan. Like more open, bright, and usable spaces. And fresh-faced, friendly communities each designed with plentiful trails, parks and paths so that everyone can stay connected in the simplest, most neighbourly of ways.

FOR UPDATES AND MORE INFORMATION WE INVITE YOU TO REGISTER AT

MATTAMYHOMES.COM

5 MODEL HOMES SALES CENTRE 3454 Greenbank Road, Barrhaven 613-825-7932

MODEL HOMES OPEN TO TOUR ACROSS THE OTTAWA AREA

3 MODEL HOMES SALES CENTRE 1776 Maple Grove Road, Kanata 613-831-9369

3 MODEL HOMES SALES CENTRE 7 Summitview Drive, Kanata 613-271-0636

FOR UPDATES AND MORE INFORMATION VISIT

MATTAMYHOMES.COM

4 MODEL HOMES SALES CENTRE 110 Westphalian Avenue, Kanata 613-831-2619

B U I LD E R STO RY E Q H O M E S

The New Face of eQ Homes

D

avid Wallace, the new President of eQ Homes, brings with him a wealth of experience and a fresh and exciting outlook for eQ’s future in Ottawa.

The first thing that attracted David to eQ and its parent company, Regional, is the fact that it is a family business.

“Regional has been in Ottawa for over 55 years and has extensive knowledge of the capital region,” explains David.

However, what was most important to David is eQ and Regional’s motto. “We shared a vision: creating great places for people to live, work and play.” Of course a builder needs land in order to develop the product, but for this President, building homes is more than simply clearing land and putting up walls. “We want to enrich the lives of our customers.” Part of enriching lives includes developing LEED neighbourhoods and doing something innovative to create great communities.

As David points out, in eQ’s young history as a business, it has already established itself in Ottawa by laying a strong foundation. “The next step is about building on that initial brand of success and taking eQ to the next level by putting

in the operational infrastructure that will distinguish us on the marketplace.” Part of standing out includes focusing on the customer experience. “Customers are entrusting us with the purchase of their home, which is likely the biggest item they will ever buy. We want to make this experience enjoyable, stress-free and satisfying.”

One of David’s main goals for the next year is to create the best customer experience possible. This involves the integration of new technologies to improve the customer experience. Over the next twelve months, eQ will be releasing a series of major initiatives, including the integration of new elements to the website. “The home building industry isn’t always quick to innovate,” David explains.

“The industry tends to do things conventionally for a while; however, technology is a core part of the customer service experience.”

On top of the technological advancements coming to eQ, there will also be a wide range of new features all creating a new look and feel to the style of homes. Part of this new feel will involve some new faces. eQ’s long time Sales Manager, THE EASTERN BUILDERS’ ANNUAL 2016 23

20,000 sq.ft. club house and residents’ club. The club includes a grill, a bar, decks overlooking the 18th hole, and 15,000 sq.ft. dedicated to the residents themselves. This space has everything you could possibly need, including a billiards room, a shuffle board, a yoga room with classes, a multi-purpose room, and an outdoor pool. The beauty of the residents’ club is that there are scheduled classes throughout the day.

This is truly a one-of-a-kind lifestyle community in Kemptville.

Fernbank Crossing:

John Montpetit, is retiring, and David is pleased to announce that Harley Wallin, an established member of the building community with vast experience for a reputable builder in the city, will be taking over.

David is excited to announce some of eQ’s ongoing and upcoming projects.

eQuinelle: Only minutes south of Ottawa and 250 metres from the Rideau River, eQuinelle surrounds the exceptional eQuinelle Golf Course. Bracketed by parks and nature trails, the course is a mere two km from the heart of Kemptville. The convenience of urban living combines perfectly with this lifestyle community.

Homebuyers will love this area because they can find the space they need.

This lifestyle community is not only surrounded by an award-winning golf course, but it is also home to a spectacular 24 YPNEXTHOME.CA

This is an ideal location for families, retirees, and young professionals. eQ Homes has blended urban with rural in this one-of-a-kind development. Bordered by Terry Fox Drive, Hazeldean Road and Eagleson Road, Fernbank Crossing is nestled in an expanse of green scape, and yet conveniently located for shopping and entertainment outings with family and friends.

Within a 5 km radius, you can frequent Kanata Centrum with over 75 businesses including banks, doctors' offices, salons, bookstores, clothing and sports retailers, movie theatres, and more. With a wide array of restaurants, you are sure to find something to satiate your palate every day of the week. There are schools, libraries, golf courses and parks all within walking distance. Although you are in the west end, with the 417 only minutes away you can easily access the rest of the city.

You can choose from spacious single family homes, attached & detached bungalows, and the award-winning Foxwood Collection low-rise condos. eQ will also be releasing new models and new designs in October.

Clarence Crossing: This lifestyle community is set on over 500 acres right next to the Ottawa River in Clarence Creek. Escape the city and find your own personal oasis only a short drive from downtown.

Homebuyers have the choice of single bungalow homes on 42’ and 50’ lots, bungalow towns, and the Foxwood Collection low rise condominiums. eQ will also be launching a new design, Model Row, the first week of June with brand new plans that buyers have yet to see on the market.

Greystone Village: Nestled between the Rideau River and Rideau Canal, a new urban vision takes shape. Rich in history and nature, Greystone Village is a 26-acre master-planned community of modern, exquisite homes set around a vibrant central plaza, complete with pathways, promenades and trails. A hidden gem in Old Ottawa East, Greystone Village offers a life of elegance and exclusivity in a scenic riverfront setting, just minutes from downtown.

Greystone launched this past fall with great success, and phase one is almost 75% sold out. Homebuyers can choose from new floor plans for single family homes, townhomes and condominiums, all designed by the award-winning Barry J.

eQuinelle

88 Equinelle Drive, Kemptville , ON 613.258.6488 sales@equinelle.ca

Fernbank Crossing

339 Bobolink Ridge Stittsville , ON 613-404-8075 sales@fernbankcrossing.com

Hobin & Associates Inc. The Terraces at Greystone will include a number of large terraces with spectacular views of the Ottawa River, a party room, a yoga studio, and a state-of-the-art-gym.

There is now a live camera on the top of the building so buyers can watch the progress.

For more information on eQ Homes and all of their communities, please visit eqhomes.ca or contact the sales centres.

Clarence Crossing

8616 County Road 17, Clarence-Rockland, 613.862.0167 sales@clarencecrossing.com

Greystone Village

175A Main St Ottawa, ON 613.569.3043 sales@greystonevillage.ca THE EASTERN BUILDERS’ ANNUAL 2016 25

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B U I LD E R STO RY VAL E CRAFT H O M E S

Valecraft’s Exciting Communities Welcome Home to Luxury

V

alecraft, a trusted builder in Ottawa for 34 years, is pleased to announce two of their communities: Aviation Private and Woodroffe Lofts.

AVIATION PRIVATE: Aviation Private, just off Montreal Rd. alongside the Aviation Parkway, is the ideal location. Close to downtown with lush green space and many amenities. Plus it’s only 10 minutes from downtown.

The Executive Terrace homes have large windows and an array of natural lighting making them welcoming and comforting. Enjoy the spacious rooms, the large balconies, and the ensuite bathroom in the master-bedroom. The brick

and stone front elevations also offer great curb appeal.

Starting at only $299,900, these townhomes include one parking spot, 6 appliances and a great VIP internet, cable and phone package. With floorplans ranging from 1294-1440 sq.ft., there is sure to be something for everyone.

Buyers can also opt for a luxurious Rear Lane Townhome which comes with an oversized garage and 9 ft. ceilings on the second floor. Enjoy not one, but two patios when you take in the views on the rooftop patio that extends from the kitchen. These spacious homes range in size from 18492218 sq.ft. and start at $405,900. They come standard with hardwood, ceramic, and many other perks that you may normally consider upgrades.

Aviation Private offers luxurious living next to downtown, THE EASTERN BUILDERS’ ANNUAL 2016 29

WOODROFFE LOFTS:

These lofts are located in the heart of Barrhaven and provide easy access to all major amenities. Only minutes away are the many shops, restaurants, and movie theatre on Strandherd Dr. Head down Woodroffe and you are less than 10 minutes from downtown, or hop on the 416 and you are in Kanata in no time. There are also many OC Transpo bus routes, as well as the VIA Rail station on Fallowfield.

Barrhaven is an ideal place for families, young professionals, and retirees alike. Everything you need is right at your fingertips. Enjoy the safety, comfort and practicality that this ever-growing community has to offer. Looking to escape the city? There are many bike paths and trails ideal for walking your dog, heading out for a run, or simply stepping out to enjoy nature. With the new bridge, Manotick is only minutes away.

Enjoy your Sunday afternoons perusing through the many local shops and restaurants that Manotick has to offer.

The community features 68 condo flats and comes with six appliances, large private balconies, and the master bedroom features a private ensuite bathroom. The flats come standard with hardwood flooring throughout the great room and the hallway, and ceramic tile flooring throughout the kitchen and all the bathrooms. The lofts start as low as $224,900 and include a parking spot, central air conditioning, and 20% off your VIP Internet, cable and phone package for 24 months. Join the Priority Registrant List for advance notice about exciting news, special offers and releases for Woodroffe Lofts.

Located just south of Longfields Dr and west of Woodroffe Ave, these four-storey buildings, offer sophisticated style and luxurious comfort. The first block of 16 lots are almost sold out, and the next 4 blocks will have a newly designed elevator, which will be ideal for those retirees looking to downsize.

You can trust Valecraft to create your new home. Valecraft Homes has built more than 20 astounding communities across the Ottawa region since 1982, welcoming thousands of families into their new homes, establishing a foundation for Ottawa

but at a significantly lower price than downtown homes.

La Citﾃｩ Collegiale, the St. Laurent Shopping Centre, the Montfort hospital, and the awe-inspiring Canadian Aviation and Space Museum are all steps from your front door. There are also many parks, bike paths and green space all around.

With nearby transit and the Hwy 417, the rest of the city is only seconds away.

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families to grow and create memories for a lifetime. With the most modern building technologies, Valecraft brings oldfashioned ideals to life.

Valecraft offers value with a rewarding, worry-free home buying experience. When purchasing a Valecraft home, you don’t have to worry about delayed move-in dates – in more than 30 years Valecraft has never missed a closing date. Each community offers a palette of styles and innovative designs allowing the purchaser to create a home unique to their needs.

In addition Aviation Private and Woodroffe Lofts, Valecraft also offers a full range of homes including beautiful singlefamily home designs, bungalows and townhomes throughout Ottawa. Visit valecraft.com for further information.

THE EASTERN BUILDERS’ ANNUAL 2016 31

Legal Advice

Buying from a builder

by GRANT R. POULSEN BUYING A BRAND NEW HOME IS A BIG DECISION and an important investment, and there is a lot to think about. You want to buy with confidence, enjoy the experience and know that you have made the best decision.

Typically, the process of buying a brand new home takes place over time and in several stages. To begin with, you want to take some time deciding on your priorities – what you want in a home, where you want to live and how much you want to spend – and then explore what’s available. Once you have narrowed your choices down to one community, one builder and one home, you are ready to work out the details and sign a contract with your builder.

THE AGREEMENT OF PURCHASE In most new home transactions, the builder will have a standard agreement. These are lengthy and contain a great deal of information about your purchase, including: • Financial specifics of the purchase (taxes, purchase price, deposits, development charges and other fees that can be expected) • Items included in the purchase price (landscaping, fencing, air conditioning) • Timelines for selecting extras and colours • Timelines for closing and how it may be delayed • Any restrictions on what can be done with the land • Any items to be rented (such as a hot water tank) • Dispute resolution mechanisms • Stipulations for transferring or assigned the agreement Most builders will not permit changes to their standard forms. This means you should have the contract reviewed by your lawyer before you sign. Fine print in a builder’s contract could mean you are responsible for certain additional taxes or fees, especially if you are buying a rental property. Your lawyer should be able to review the agreement while it is still conditional and provide advice before you sign.

TARION WARRANTY COVERAGE All new homes bought in Ontario must include coverage under the Tarion Warranty Program.

All builders must give their purchasers an information package about the warranty, which you should carefully review. Additionally, a schedule to the agreement must list important dates, along with any expected additional costs that will be payable on closing.

Carefully review the additional costs, as you may find large charges that suddenly materialize for hooking up gas and electricity, Development Charges, deposit fees or other surprise expenses.

Homebuyers can also look at the Tarion website under the Licensed Builder Directory to see how many homes the builder has built in the past 10 years, whether they have won awards and if any complaints have been filed against them.

TITLE INSURANCE All home purchasers should ensure they get a title insurance policy. This is arranged by your lawyer and is usually the easiest and most cost effective way of protecting you from various problems that may occur before or after closing.

Although not all title insurance policies are the same, a good policy will protect you from issues such as title problems (unpaid debts or building violations) or other legal errors and omissions. Some policies also protect you in the future if you lose your property as a result of a fraudulent property transfer or mortgage fraud.

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CITY PROPERTY TAXES Municipal property taxes have not been calculated when you buy a new home.

This is because the Ontario Municipal Property Assessment Corp. has not yet assessed the value of the house portion for city taxes. Although the builder often pays the property taxes on the land itself, the house portion cannot be billed by until the assessment is complete.

This can take a year or more, but once complete, buyers will receive a supplemental tax bill for property taxes on the building from the purchase date.

Make sure you save up this money, as it can often be a considerable amount to pay at once, and the municipality often gives only a short notice.

GETTING YOUR KEYS Normally, you meet with your lawyer to sign documents a few days prior to the closing date. On the closing date, your lawyer will ensure that your money (both the down payment and the mortgage) goes to the builder. In exchange, the builder releases the keys.

Once all the items are exchanged, your lawyer will register the purchase and will contact you to pick up your keys and documents. These are usually ready late in the afternoon of the closing day.

Buying a home is one of the most exciting times, especially when you visit beautiful builder models! With proper planning and advice, you can make sure that your purchase is a smooth and enjoyable experience.

Grant R. Poulsen Poulsen Law Office 305-150 Isabella St. Ottawa, ON K1S 1V7 613.788.7986 FAX 613.788.7987 poulsenlaw.ca

Richcraft

Why People Buy Richcraft Homes

Greyhawk Model

As the largest landowner and builder in Ottawa, Richcraft has been building communities and award winning homes for more than thirty years.

Buyers turn to Richcraft for more than high quality homes, they turn to Richcraft for the passion and design they invest into their communities.

The Bowery Condo & Lofts (fall occupancy) THE EASTERN BUILDERS’ ANNUAL 2016 33

With more than 11,000 homes built in the Ottawa area, Richcraft homeowners are the most powerful advocates for the company’s quality. The referral rate for Richcraft homeowners is more than 60 per cent, proving the company puts homeowners and their happiness first.

Richcraft communities are a reflection of the company’s motto to put “people first.” The collaborative working style of Richcraft offers the Ottawa area a variety of home options including: single family homes, townhomes and condos.

For Richcraft, building a home is more than the foundation of a house, it involves dedication, time, planning and more importantly, a passion to collaborate with clients to develop a one of a kind home.

More than a local Ottawa builder – Richcraft is a company comprised of dedicated, loyal workers. What does this mean for buyers? You can expect an honest experience while looking for your next home, or your first home. The experience begins with tradesmen, but it doesn’t end at the owner, Richcraft employees are a family that seamlessly works together to put your family beside theirs.

Greyhawk Model

As a part of a progressive-minded campaign, Richcraft adheres to green building practices. Energy Star Certified products are used to maintain a progressive and innovative mindset that is always striving to improve. If there is a better way of building a home, Richcraft will discover it. Energy Star Certified products are just the beginning.

Since Richcraft’s inception, owner, Kris Singhal has infused Canada’s capital with a sincere passion for building neighbourhoods and creating communities. Singhal’s standards are a commitment to fairness and honesty. Loyalty and excellence speak clearly of Richcraft’s reputation for quality customer service and industry leadership.

As an on going commitment to the community, Richcraft has added to Ottawa’s landscape. Currently, the company has friendly and family community buildings including: The Richcraft Sensplex, The Richcraft Theatre in the Shenkman Arts Centre and The Richcraft Recreation Complex in Kanata.

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Urban Towns Fieldstone Barrhaven

Executive Towns Riverside South

Communities are equally as important to the employees at Richcraft as the homes themselves. A home is more than four walls and a piece of land – a home should provide a safe place where Richcraft owners and their families can relax, discover the neighbourhood, walk the dog, and enjoy their coffee on the front porch. Richcraft is proud of their homes, and they want their owners to be proud of where they live.

An instrumental company in the development of Ottawa, you can find Richcraft homes in: Barrhaven, Hunt Club, Orleans, Riverside South, Kanata, Centretown and Downtown. Buying a Richcraft home has become a tradition for some families. Second and third generation Richcraft owners and now looking for their new home.

Richcraft is an unbeatable value, offering high quality and consistency in their homes. Whether you are a young professional in search of your first home, a young family looking to move into the suburbs, an individual or a retired couple wanting to be close to all the amenities, you are sure to find exactly what you are looking for with Richcraft. Regardless of location, you can find your dream home.

At Richcraft, the customer is the number one priority. The company’s reputation for inspirational design trends, superior workmanship, and quality finishing touches are words consumers can rely on. Richcraft doesn’t expect you to remember every detail for your home buying experience, but in the future, they want you to reminisce in those first few memories. Receiving the keys to your new home, moving in your furniture, celebrating your new home, and most importantly remembering that your investment was a smart one.

Richcraft continues to build award winning homes with heart and feeling.

Their reputation for award-winning quality is never taken for granted. Offering the best home ownership experience in the National Capital, Richcraft is the quality you’re looking for. Live in a home that is stylishly affordable, refreshingly practical, and delightfully functional.

For more information on Richcraft communities and their wide selection for homes, visit their website at www.richcraft.com or contact head office at 613-739-9753.

Cranbrook Model Riverside South

Head Office: 2280 St. Laurent Blvd, Suite 201 Phone: (613)-739-7111 info@richcraft.com www.richcraft.com

Fernbank Crossing Towns & Singles | 613-435-1183 Strandherd Meadows Towns | 613-440-8100 Jade Barrhaven Condo Flats | 613-823-3332 Fieldstone Urban Towns, Singles | 613-440-5225 Riverside South Condos, Towns & Singles | 613-491-0834 Brownstones Condo Flats | 613-744-2098 Trailsedge Towns & Singles | 613-424-6600 La Croisée Aylmer Singles | 819-682-7000 Bowery Lofts + Condos 613-695-7577 Galleria 2 Condos 613-232-7333 THE EASTERN BUILDERS’ ANNUAL 2016 35

B U I LD E R STO RY CL AR I D G E H O M E S

CLARIDGE ICON

T

he way new condo buyers are making decisions is changing. Quality, price, and location will always be primary considerations (as they should be), but they want something more. On top of a visually stunning, well-built unit, the modern buyer is looking for a new condo to deliver lifestyle.

Claridge Homes has listened.

With a number of new projects underway across the city – each offering something different from the next – Claridge is 36 YPNEXTHOME.CA

guaranteed to have a new condo perfectly suited to embrace your unique style. From spacious suites surrounded by parkland in Ottawa West, to modern units located in the very heart of Ottawa’s downtown core, Claridge puts you where you need to be for the life you want.

Take Claridge Icon, for example. This latest project from Claridge Homes will rise an impressive 45 storeys above the city at 420 feet tall, bringing Ottawa to new heights. Located on the cusp of Little Italy at Dow’s Lake, Claridge Icon

FUSION-LEBRETON FLATS

Claridge Homes delivers the lifestyle you want, at a price you can afford. delivers a stimulating lifestyle, perfect for urban sophisticates.

Imagine starting your day with a quiet morning jog through the arboretum, then ending it over a relaxing evening in Little Italy with good company and your favourite bottle of wine. That’s just a glimpse into the balanced, metropolitan lifestyle afforded by this luxurious new architectural feat.

Looking for a fast-paced lifestyle downtown Ottawa? It doesn’t get any more “downtown” than the Claridge Plazas.

Located just a few steps from the Rideau Centre and Ottawa’s public transportation hub, these pinnacles of Rideau Street put the city at your doorstep. The Claridge Plaza lifestyle is designed for those looking to propel their careers forward rather than sitting in commuter traffic; looking to make new connections and extend networks; looking to work hard and play hard; looking to win.

As far as downtown options are concerned, Claridge doesn’t stop there. Dubbed “Ottawa’s best-kept secret,” Waterstreet is Claridge’s newest condo project in Lowertown, nestled along the Rideau River overlooking Bordeleau Park.

Across the canal, the towers, located in the heart of

Ottawa’s business district off Elgin Street, are perfect for professionals looking to unwind and have a little fun when the work day’s over. Tribeca’s blend of modern elegance was recognized by the Greater Ottawa Homebuilders’ Association’s Housing Design awards, winning in the category for best condo unit.

Stepping slightly off the beaten path we arrive at Fusion in LeBreton Flats, Ottawa’s biggest up-and-coming neighbourhood. Fusion is the third phase of Claridge Homes’ master-planned community in LeBreton Flats, which is the first of its kind to be recognized under the Canadian Green Building Council’s Leadership in Energy and Environmental Design (LEED®) program. Natural living is what Fusion is all about. Surrounded by 65 hectares of greenspace sprawling down the escarpment from Parliament Hill, LeBreton Flats is a natural oasis for runners, cyclists, and outdoor-enthusiasts to enjoy. Incorporating a wide array of green initiatives from plantlife rooftops to eco-friendly parking lots, Fusion offers condo buyers a breath of fresh air.

For those looking to escape from downtown when the THE EASTERN BUILDERS’ ANNUAL 2016 37

work day’s done, Stirling Park offers a relaxing retreat. These spacious and affordable condos located on Merivale Road offer convenient access to various nearby amenities. Missing an ingredient for dinner is no longer a problem when the grocery store is just a few quick steps away. Whether buying for the first time or looking to add comfort to your lifestyle, Stirling Park is the perfect place to start that new chapter.

Claridge Homes delivers the lifestyle you want, at a price you can afford. In addition to delivering the best locations for new condos in Ottawa, they’re well known as a builder offering exceptional value. Including a variety of luxurious features as part of their standard package – not upgrades, is just one way Claridge stands out to new buyers in delivering the best value in new condos in Ottawa.

By combining top locations and exceptional value, Claridge Homes emerges as Ottawa’s premier builder and the natural choice for all buyers pursuing exceptional living.

Get the lifestyle you want with Claridge Homes.

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TRIBECA

ClaridgeHomes.com

485 Preston Street, Ottawa 613-695-1441

244 Rideau Street, Ottawa 613-241-3235

107-330 Titan Private, Ottawa 613-224-0330

56 Nepean Street, Ottawa 613-234-1780

101-300 Lett Street, Ottawa 613-232-2049

112-316 Bruyere St, Ottawa 613-680-6560

B U I LD E R STO RY M O R L EY H O PPN E R

Morley Hoppner

M

orley Hoppner Limited is a dynamic Ottawa-based real estate development firm focused on mixed use and recreation developments that respect and enhance city neighbourhoods.

Morley Hoppner is a company that is lean enough to be personally involved in the community and dynamic enough to make a positive impact on the livability of the city. They don’t just develop land; they develop relationships with

communities. Along with the Ottawa Senators Foundation, Morley Hoppner spearheaded the construction of Rogers House, a pediatric palliative care facility at CHEO in Ottawa.

Morley Hoppner managed the total process of the project from fundraising to complete construction management.

Similar projects have been completed, such as the new Rink of Dreams at Ottawa City Hall and Cornerstone Housing for Women.

THE EASTERN BUILDERS’ ANNUAL 2016 39

HISTORY: Morley Hoppner first planted roots in Ottawa in 1988. Glen, Donna and their eldest son, Brad, joined forces to form Morley Construction Inc. Not long after, the family business soon spread its roots when daughter Kim and son-in-law Glen joined the firm. The company started building a base of clientele with many repeat customers like Tim Horton’s, Bell Canada, Nortel Networks and Metro.

After years of many successful projects, Morley Construction formed an alliance with a long-time colleague, Ken Hoppner, the founder of Hoppner Facilities (a successful real estate development company), and the resulting merger brought about the company we know today as Morley Hoppner.

Westboro Station and The Bell Sensplex are both award winning projects that are a result of the successful merger.

Since the beginning, Morley Hoppner has focused on providing top quality products on time and on budget. The team has the resources to discover a client’s needs and develop a unique and tailored plan accordingly. This hands-on approach is a top priority for Morley Hoppner and has been since the company’s inception. Although Glen and Donna have since retired, the company continues to uphold the same family values that were integral to their early successes.

An astute CEO with proven success in managing multimillion dollar projects, Brad Morley, G.S.C. Vice-President has a strong ability to lead design-build teams and accomplish optimal results. Brad was responsible for overseeing the construction of the multi-million dollar Westboro Station.

Vice-President Ken Hoppner is a results-oriented Owner and Manager with significant real estate experience in Ottawa.

As Morley Hoppner’s key Business Developer, Design Planning

M

orley Hoppner is a company that is lean enough to be personally involved in the community and dynamic enough to make a positive impact on the livability of the city.

THE TEAM: Brian Morley, P. ENG, G.S.C, President, is a construction professional who has been responsible for the successful completion of a broad range of ICI projects. Brian was responsible for overseeing the design, construction and development of the Richcraft Sensplex: a LEED certified complex with a value of $26 million.

Kim Lackey, Director, is responsible for the financial analysis and tracking of projects as well as the day to day operations of Morley Hoppner. She is an expert planner and organizer, controlling all of the clerical needs of the company.

Lead and Negotiator, he has proven skills in assessing the feasibility of development projects and possesses a strong understanding of local market dynamics. Ken was instrumental in the founding of Ottawa Community Ice Partners, the owner and operator of the Bell Sensplex, which was the first City of Ottawa Public Private Partnership of its kind.

CURRENT PROJECTS: This year is very exciting for Morley Hoppner as construction is well underway for two developments –

BRAD MORLEY

BRIAN MORLEY

KEN HOPPNER

KIM LACKEY

P. ENG, G.S.C, PRESIDENT

G.S.C., VICE-PRESIDENT

VICE-PRESIDENT

DIRECTOR

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Two The Parkway Condominiums and Yard and Station Lofts.

Two the Parkway offers spacious, single-level living in the heart of the peaceful and forested enclave of Ottawa’s renowned Beaverbrook neighbourhood. In an age of overpriced and over-rated cookie-cutter shoebox-condos, Morley Hoppner provides distinct value with large customizable unit layouts in a picturesque suburban setting. A few streets over, in the heart of Kanata, you’ll find shopping centres and movie theatres, as well as the Canadian Tire Centre and some of the region’s top golf courses. Centrum Plaza, with its shops, big-box stores, banks and restaurants, is also close by.

Yard and Station Lofts, located at 12 Stirling Ave in the heart of Hintonburg, is a collection of nine luxurious loft condominiums in a historic building that is interconnected with soaring light-filled spaces, epic sky-line views and rooftop getaways. Enter your loft via secure underground parking and your own private access elevator. Close to shops, restaurants, bike paths, and the 417, Hintonburg is one of the hottest places to buy in the city.

For more information visit morleyhoppner.com

MORLEY HOPPNER

TWO THE PARKWAY

YARD AND STATION LOFTS

1818 Bradley Side Road Carp, Ottawa, ON. K0A1L0 613.831.5490 reception@morleyhoppner.com

(corner of Teron Rd.)

12 Stirling Ave 613.831.5490 live@yardandstation.com Immediate Occupancy

Kanata, ON. K2K 0J4 613.747.2462 live@twotheparkway.com Currently under construction Expected Occupancy Fall 2016

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Expert Panel

Affordability, location, lifestyle Today’s homebuyers face many questions.

What are the most important determining factors they should consider when buying a home in 2016?

THE HOUSING MARKET IN OTTAWA has been greatly affected by two key players: Toronto and Vancouver. As the country watches the house prices skyrocket in these metropolitans, there is fear amongst the Ottawa buyers that we face a similar fate. Not so, according to Greg Graham, president of Cardel Homes.

Of course, house prices here have risen and will continue to rise, partly because government bodies continue to increase Development Charges; HST costs and land prices continue to soar due to land development restrictions within Ottawa. However, the housing market in Ottawa remains stable.

Despite the stable market, Graham has noticed some trends that have affected Ottawa. Banks have tried to help cool down new home sales by a change in amortizations from 35 years to 25 years,

“Many people like the option of buying something brand new that is move-in ready.

Its fresh and it’s hassle-free.”

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Greg Graham President Cardel Homes

and most recently increased the required amount of down payment on homes with a value exceeding $500,000. “This has greatly affected millennials who may not get approved for a mortgage or may have difficulty securing a down payment for their first home. Affordability remains our industry’s single biggest concern,” says Graham.

However, millennials are still buying, and Graham has noticed a drastic change between this generation and baby boomers.

“Millennials appear to be much more transient. They don’t need to plant roots in one particular place like their parents’ generation.” They determine what their short-term needs are, they buy, and then in a couple years they reassess and if necessary move. “Millennials aren’t necessarily looking for that large four-bedroom home either. They want something practical and comfortable that meets their lifestyles.

“Some of the major things buyers need to consider before buying this year,” says Graham, “are location, affordability and who their builder is.”

Graham cautions buyers against heading into the resale market with the intent of purchasing a fixer-upper in order to save cost on the ticket price. “There are many hidden costs involved with renos and until your knee deep into a reno, you never really know what your costs will be.

You need to ask yourself: do you have the money, talent and time for taking on a reno?” For most of us, the answer to these questions is no.

“Many people like the option of buying something brand new that is move-in ready. Its fresh and it’s hassle-free.”

Graham and his team at Cardel continue to research the market and the trends in order to provide a product that is in demand. “Large windows providing an abundance of natural light, open-concept living spaces, a variety of floorplans, curb appeal and quality constructed homes that give our clients great value, are all things that buyers are looking for from Cardel.”

Kevin O’Shea

are the best ways to maximize the value of your investment.” First, President buyers should choose a builder with a Mattamy Homes Ottawa reputation for quality, affordability and service. Investing in a solid builder will help maximize the value of your home. Secondly, “buyers should purchase in areas with amenities, parks, community centres and areas with good city transit,” says O’Shea.

“These factors will contribute to you getting ‘the best bang for your buck,’ which I believe, will be a key factor in 2016.”

“Some of our purchasers have a five-year plan to sell, as families and lifestyles change.” With that in mind, buyers should consider what they need for this stage in their lives, and more importantly, what will fit into their budget. “You want a property that will help you build as much equity as possible in the coming years.”

When purchasing a newly-built home, buyers should consider what will add the most value to their homes. “The number of bedrooms, adding hardwood floors and granite countertops, various structural KEVIN O’SHEA aspects of the home – these are all changes that will help sell a home on the resale market.”

Lastly, the builder’s reputation The one thing on all buyers’ minds should also be a key factor in a before purchasing a home is location. buyer’s decision. “Do you feel like a “How far are you willing to commute? valued customer or just a number?”

Where is a safe place to raise your asks O’Shea. Customers shouldn’t kids? Are there convenient amenities accept to be treated as a number, close by?” These are all questions that especially when there are builders on Kevin O’Shea, division president of the market who pride themselves in Mattamy Homes Ottawa, encourages establishing first-class customer buyers to contemplate before service, as Mattamy does. “The sales beginning the house hunt. agent should take the time to explain Just as important as location, is the the difference between price and home you choose. “Your home is one of the biggest investments you’ll make,” value. As a buyer, you want to know you are buying from a builder with a advises O’Shea. “Which means you lasting tradition in the market.” want to do your research to see what

“Your home is one of the biggest investments you’ll make.”

THE EASTERN BUILDERS’ ANNUAL 2016 43

Rahul Kochar, vice-president of operations at Phoenix Homes, recognizes that Ottawa has been a more favourable market for buyers over the past few years. “Builders have been providing more and more incentives in order to try and maintain sales volume,” says Kochar. “This puts a homebuyer in 2016 in the driver’s seat.”

According to Rahul, location and lifestyle will always be the primary drivers for buyers, and this isn’t expected to change in 2016. However, buyers must “ensure that value is on their minds as well,” says Kochar.

Because this is a buyers’ market, there are many options available, not just in terms of particular houses.

Interest rates are at a record low, which is very attractive to buyers. As

Rahul Kochar Vice-President, Operations, Phoenix Homes

“Buyers need to know what they’re pre-approved for before they start house hunting.”

he points out, “Rock bottom interest rates will not be around forever, so ensure you are getting the best value for your money.”

Don’t walk into a bank or mortgage brokerage and accept the first offer you receive. “Spend the time to carefully create an “apples to apples” comparison of your options,” says Kochar. Buyers have the upper-hand at this point, so use that to your advantage.

What’s more, if you’ve been sitting on the sidelines for a while, contemplating buying, 2016 is your chance. “Until our current housing market heats up again,” begins Kochar, “you won’t find better opportunities to enter the housing market than what is available today.”

Frank Nieuwkoop Director of Sales and Marketing Valecraft Homes

FRANK NIEUWKOOP According to Frank Nieuwkoop, director of sales and marketing at Valecraft Homes, there are three main factors home buyers should consider before buying a home.

The first is location. “Do you want to live close to work, or perhaps near your family? Suburbs or downtown?”

These are among some of the questions Frank suggests home buyers hash out before they begin their homebuying search.

Once you’ve narrowed down a specific location, the next step is to make sure you can afford it. Many buyers opt for trendy locations in the centre of the city, but they don’t realize that these locations are sometimes out of their price range.

“Meeting with a mortgage broker or your bank is the next crucial step,” says Nieuwkoop. “Buyers need to 44 YPNEXTHOME.CA

know what they’re pre-approved for before they start house hunting.” It would be a disappointment to find your dream home only to discover it’s out of your price range.

The third, and possibly most important step, is research. According to Nieuwkoop, buyers are just now beginning to research their builders.

One of the things you need to know about your builder is whether or not they meet closing dates. Delayed closing dates can cause major headaches for buyers.

How can you avoid this stress?

“Ask the builder if the location is registered,” recommends Frank. “If it’s registered, then you know the builder will meet the closing date. If it’s not registered, then the builder is hoping to meet the date. This is a problem.”

Once a property has been registered,

then the builder has all the necessary permits to build your home. Many hiccups can happen during the registration phase, all of which can greatly delay your closing date. In Valecraft’s 34 years, they’ve never missed a closing date. Why? “Because we only release the closing date once the property is registered.”

2016 Eastern Ontario Annual Roster A & B Bulat Homes Ltd. 11 Gifford St., Suite 202 Nepean, Ontario K2E 7S3 613.723.1008 www.bulathomes.com

Braebury Homes Corp.

366 King St. E., Suite 400 Kingston, Ontario K7K 6Y3 613.546.3400 www.braeburyhomes.ca

Art House Developments Ltd 46 Claudet Cres Ottawa, Ontario K1G4R5 613-252-5931 www.arthousedevelopments.ca

Brenmar Construction Corp 1 - 1341 Coker Street Greely, Ontario K4P1A1 613.821.1162 www.brenmarconstruction.com

Ashcroft Homes Inc. 18 Antares Dr. Nepean, Ontario K2E 1A9 613.226.7266 www.ashcroft-homes.com

Brian Shane Construction 1823 Boundary Rd. Suite 200 Chesterville, Ontario K0C 1HO 613.448.1230

Avalon Home Builders’ Ltd 203 Colonnade Rd Suite 201 Ottawa, Ontario K2E7K3 613-226-6158 www.avalonhomebuilders.ca Benckhuysen Construction 5780 Osgoode Ridge Rd. Osgoode, Ontario K0A 2W0 613.826.0920 www.benckhuysenconstruction.ca Bonneville Modular Homes 82 Calabogie Rd. Arnprior, Ontario K7S 3G8 613.622.0399 www.bonnevillehomes.com

Brigil Homes 98 rue Lois Gatineau, Quebec J8Y 3R7 819.243.7392 www.brigil.com Campanale Construction Ltd 1187 Bank St., Suite 200 Ottawa, Ontario K1S 3X7 613.730.7000 www.campanale.com …See ad on page 52 Capital View Development Inc. 132 Putman Avenue Ottawa, Ontario K1M1Z7 613.796.5652 www.capitalviewdevelopment.com

Cardel Homes Ltd. 301 Moodie Dr, Suite 100 Nepean, Ontario K2H 9C4 613.820.1959 www.cardelhomes.com …See ad on page 26 Carolyn Munro Design Inc 122 Banning Rd Kanata, Ontario K2L1C4 613.831.9984 www.cmdesignbuild.com Cedarstone Homes Ltd. 384 Richmond Rd., R.R. 3 Ashton, Ontario K0A 1B0 613.838.4663 www.cedarstonehomes.com Claridge Homes Corp.

210 Gladstone Ave., Suite 2001 Ottawa, Ontario K2P 0Y6 613.233.6030 www.claridgehomes.com …See ad on page 36 Cornelis Grey Construction Inc. 5840 Red Castle Ridge Manotick, Ontario K4M 0A7 613.853.0693 www.cgreyconstruction.com Corvinelli Homes 24 Drentex St Russell, Ontario K4R1A7 613.445.8035 www.corvinellihomes.com THE EASTERN BUILDERS’ ANNUAL 2016 45

Design Craft Homes 1900 Whitemarsh Crescent, Kanata, Ontario K2W 1B5 613.839.2326 www.designcrafthomes.ca DevMcGill (Arthaus) 264 Rideau St. Ottawa, Ontario K1N 5Y2 613.909.3223 www.arthauscondos.com …See ad on page 8 Dharma Developments 24 Selkirk St, Suite 100 Ottawa, Ontario K1L0A4 613.884.0891 www.dharmadevelopments.com Domicile Developments Inc 1-371A Richmond Rd Ottawa, Ontario K2A 0E7 613.728.0388 www.domicile.ca Doyle Homes 1367 Terrace Ridge Drive Carp Ottawa, Ontario K0A 1L0 613.831.7924 www.doylehomes.ca Eastern Ontario Construction Company 350 Tweedsmuir Avenue Ottawa, Ontario K1Z 5N4 613.798.2055 eQ Homes Inc 1737 Woodward Dr., 2nd Floor, Ottawa, Ontario K2C 0P9 613.288.0412 www.eqhomes.ca …See ad on page 23 Gallivan Developments 35 Auriga Dr., Suite 218 Nepean, Ontario K2E 8B7 613.727.0222 www.gallivandevelopments.com Gemstone Developments Ltd 851 Industrial Ave, 2nd Floor Ottawa, Ontario K1G4L3 613.739.7696 www.gemstonedevelopments.com Glenview Homes 3894 Prince of Wales Drive Nepean, Ontario K2C 3H2 613.552.4308 www.glenviewhomes.com Gordon Weima Design Builder 7 Foxglove Pl Nepean, Ontario K2R 1B2 613.850.1559 www.gordonweima.com

46 YPNEXTHOME.CA

Greenmark Builders Inc. 7381 Blue Water Crescent Ottawa, Ontario K4P 0C8 613.898.5940 www.greenmarkbuilders.com

Legacy Homes 217 Ancaster Ave. Ottawa, Ontario K2B 5B2 613.726.0606 www.legacyhomesottawa.com

Guildcrest Building Corp.

Box 10 20 Mill St. Morewood, Ontario K0A 2R0 613.448.2349 www.guildcrest.com

Lemay Homes 5330 Canotek Rd., Suite 8 Ottawa, Ontario K1J 9C2 613.746.6430 www.maisonslemayhomes.ca

Haslett Construction Inc 529 Roosevelt Avenue Ottawa, Ontario K2A 1Z9 613.223.9600 www.haslettconstruction.com Healthiest Homes Inc(The) 1523 Laperriere Ave Ottawa, Ontario K1Z7T1 613.715.9014 www.thehealthiesthome.com HNhomes 2209 Arch Street, 2nd floor Ottawa, Ontario K1G 2H5 613.260.8818 www.hnhomes.com Holitzner Homes (1995) Ltd. 580 Terry Fox Dr., Suite 401 Kanata, Ontario K2L 4B9 613.831.3484 www.holitzner.com John Gerard Homes P.O. Box 40 Greely, Ontario K4P 1N4 613.720.0494 www.johngerardhomes.ca Junic Homes 8 Blvd. du Plateau Gatineau, Quebec J9A 3K7 819.595.5962 www.junic.ca L3 Builders 2153 Prince of Wales Dr Ottawa, Ontario K2E7A4 613.699.8101 l2builders.ca Lake Partnership Inc (The) 126 York St, Suite 501 Ottawa, Ontario K1N5T5 613.842.5623 www.tlpi.ca Larco Corp.

104 Centrepointe Dr., Suite 200 Nepean, Ontario K2G 6B1 613.225.0040 www.larcohomes.com

Lepine Corporation 320 March Road, Suite 201 Kanata, Ontario K2K 2E3 613.591.9090 www.lepinecorp.com …See ad on page 14 Lockwood Brothers Construction Inc 2010 Totern Ranch Rd. E Oxford Station, Ontario K0G1T0 613.258.4225 www.lbchomes.com Longwood Building Corp.

5-1010 Polytek St., Suite 5 Gloucester, Ontario K1J 9H8 613.746.1300 www.longwoodbuilders.com Luxart Homes Inc. P.O. Box 131 Carleton Place, Ontario K7C3P3 613.253.7571 www.luxarthomes.com Mattamy Homes Ltd. 50 Hines Rd., Suite 100 Kanata, Ontario K2K 2M5 613.831.4115 www.mattamyhomes.com …See ad on page 20 Metric Homes 114 Arbourbrook Blvd.

Ottawa, Ontario K0A 1L0 613.296.7000 www.metrichomes.com Minto Communities Inc 180 Kent St. Suite 200 Ottawa, Ontario K1P 0B6 613.782.2325 www.minto.com …See ad on page 2 Morley Hoppner Group 135 Walgreen Rd Carp, Ontario K0A 1L0 613.831.5490 www.morleyhoppner.com …See ad on page 39

Muirfield Homes Inc. 5649 Waterson St Manotick, Ontario K4M1L5 613.978.0718 www.muirfieldhomes.ca Neilcorp Homes/Neilcorp General Contracting Ltd PO Box 1510 Almonte, Ontario K0A 1A0 613.256.7293 www.neilcorphomes.com

Roca Homes/Builder of Exclusive Custom Homes 24 George St. W. Ottawa, Ontario K1S 3J2 613.422.3737 www.rocahomes.ca Roof Over Head Developments 197 Preston St Ottawa, Ontario K1R7P8 613.227.3448 www.roofoverhead.ca

Olympia Homes 1914 Merivale Rd Nepean, Ontario K2G 1E8 613.226.6573 www.olympiahomes.net

Savvy Custom Builders Ltd 4 Foothills Dr Ottawa, Ontario K2H6H3 613.860.9895 www.savvybuilders.com

Patterson Homes 8299 Rodney Farm Dr. Metcalfe, Ontario K0A 2P0 613.850.6275 www.pattersonhomes.ca

Shellstar Homes(Shellstar Holdings Ltd) PO Box 569 Stittsville, Ontario K2S 1A6 613.831.9041 www.shellstarhomes.com

Phoenix Homes 18A Bentley Ave. Ottawa, Ontario K2E 6T8 613.723.9227 www.phoenixhomes.ca …See ad on page 11 Regional Group 1737 Woodward Dr., 2nd Floor Ottawa, Ontario K2C 0P9 613.230.2100 www.regionalgroup.com Revelstoke Developments Corp 209 Pretoria Avenue Ottawa, Ontario K1S 1X1 613.234.5571 www.revelstokedesignandbuild.com RGB Construction 277 Kirchoffer Avenue Ottawa, Ontario K2A 1Y1 613.265.2700 www.rgb-group.com Richcraft Homes Ltd. 201-2280 St. Laurent Blvd., Suite 201 Ottawa, Ontario K1G 4K1 613.739.7111 www.richcraft.com …See ad on page 33 RND Construction Ltd. 203 Balmoral Pl. Ottawa, Ontario K1H 1B2 613.523.8598 www.rndconstruction.ca

Sierra Gate Homes 22 Antares Dr, Unit F Ottawa, Ontario K2E7Z6 613.789.1377 www.sierragatehomes.ca Springcress Properties 200-6 Gurdwara Road, Suite 200 Ottawa, Ontario K2E 8A3 613.225.6000 www.springcress.com Surface Developments 61 Forest Hill Avenue Ottawa, Ontario K2C 1P7 613.255.5507 www.surfacedevelopments.com

Terra Nova Building Corp.

P.O. Box 4185. Station E Ottawa, Ontario K1H 1B2 613.769.2697 www.terranovabuildingcorp.com Terridar Builders Inc. 14 Cedar Lane Smith Falls, Ontario K7A 4S5 613.283.8347 www.terridar.com Tomar Homes Ltd. 54 Bert. G. Argue Dr. Stittsville, Ontario K2S 2H2 613.836.1179 www.tomarcustomhomes.com Uniform Urban Development Ltd 300-117 Centrepointe Dr., Suite 300 Nepean, Ontario K2G 5X3 613.225.0770 www.uniformdevelopments.com Urban Edge Developments Corp.

114 Rita Ave. Ottawa, Ontario K2G 2H3 613.720.1357 www.urbanedgedevelopments.com Urbandale Construction Ltd. 2193 Arch St. Ottawa, Ontario K1G 2H5 613.731.6331 www.urbandale.com Valecraft Homes Ltd. 1455 Youville Dr., Suite 216 Orleans, Ontario K1C 6Z7 613.837.1104 www.valecraft.com …See ad on page 29

Talos Homes Ltd. 1-5509 Canotek Rd. Ottawa, Ontario K1J 9J8 613.747.3993 www.taloshomes.com

Walton Development & Management LP 20 Carlson Crt Suite 100 Toronto, Ontario M9W7K6 416.365.2790 www.waltondm.com

Tamarack Developments Corp.

3187 Albion Rd. S. Ottawa, Ontario K1V 8Y3 613.739.2919 www.tamarackhomes.com

West Hill Homes Ltd P.O Box 22 Stittsville, Ontario K2S 1A2 613.831.7621 www.westhillhomes.ca

Tartan Homes Corp.

233 Metcalfe St. Ottawa, Ontario K2P 2C2 613.238.2040 www.tartanhomes.com

Westerra Homes and Developments 2947 Wellington Kemptville, Ontario K0G 1J0 613.258.5700 www.westerrahomes.ca

Tega Developments 66 Colonade Rd, Unit 200 Ottawa, Ontario K2E 7K7 613.825.6505 www.tegahomes.com

Woodfield Homes Inc. 500 LaColle Way, Suite 300 Orleans, Ontario K4A 0N9 613.834.1118 www.woodfieldhomesinc.com

THE EASTERN BUILDERS’ ANNUAL 2016 47

Tarion Report

Tarion stands behind your new home’s construction

by HOWARD BOGACH BUYING A NEW HOME is one of the most significant, and financially impactful decisions that someone can make in their lifetime. Since 1976, Tarion has helped Ontarians choosing to buy a newly constructed home make that decision with confidence.

Our homes help shape the way we live. Whether we are finding the best place to lay down our roots, raise our families or enjoy our retirement – we rely on our new homes to improve the quality of our lives. Once we decide on the right home, we expect that home will be built properly, by a skilled builder who will be there to fix issues after we move in. To provide that assurance, almost every new home built in the province also comes with a warranty.

That warranty is provided by Ontario’s new home builders and is backstopped

by Tarion.

As a new-home buyer, when you sign an Agreement of Purchase and Sale you are immediately covered with deposit protection and delayed closing compensation. Then, once you take possession of your new home, there are three separate warranties that provide coverage on your purchase.

The one-year warranty covers defects in work and material, protects against unauthorized substitutions and ensures your home is fit for habitation and constructed according to the Ontario Building Code. The two-year warranty protects against defects in work or materials in the electrical, plumbing and heating delivery and distribution systems, and continues to provide protection against violations of the Ontario Building Code that affect health and safety. The seven-year warranty covers major structural 48 YPNEXTHOME.CA

defects. There is also a separate warranty for the Common Elements of a condominium.

In addition to administering the warranty, Tarion also regulates the province’s new home builders. We set the registration standards when it comes to licensing new home builders, including financial and educational capabilities. We step in whenever the builder cannot or will not fulfill their warranty obligations. And at the end of the day, we are here to ensure builders stand by their construction and provide you with the new home that you signed for.

After 40 years of protecting new-home buyers, Tarion has registered close to two million new homes throughout the province and

has continued to raise the bar in terms of standards in the new home building industry. And it all comes down to standing behind each and every new home, so that Ontarians can continue to buy new homes with confidence.

Howard Bogach is president and CEO of Tarion Warranty Corp. For more information about how Tarion helps new home and condo buyers, visit tarion.com, find them on Facebook at Facebook.com/TarionWarrantyCorp. or follow them on Twitter: @tarionwarranty.

Trending

6 financial homebuying tips

by WAYNE KARL PLANNING TO BUY A HOME AND NOT SURE WHERE TO BEGIN? Maybe it’s

your first home, or it’s been a while and you’re ready to move up to a larger property. Here are six homebuying tips to help you prepare.

1. Get with the programs There are various government programs available to help you buy a home.

Home Buyers’ Plan (HBP): The HBP allows first-time buyers to withdraw up to $25,000 from their RRSP to put toward a down payment on a home.

You have up to 15 years to repay the funds.

Prime Minister Justin Trudeau has promised to modernize the program to allow Canadians to dip into their RRSPs to buy a home more than once, including when impacted by life changes such as job relocation, death of a spouse or marital breakdown.

First-Time Home Buyers’ Tax Credit (HBTC): Eligible first-time buyers can apply for the FTHB to help offset the costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes. The credit can provide up to $750 in federal tax relief.

More information on these programs is available at cra.gc.ca 2. Save your a-- off First-time buyers require a minimum five per cent of the purchase price as a down payment. For a house price of $451,000, that would amount to $22,500. To put down 20 per cent and thus avoid high-ratio mortgage insurance, you’d have to save $90,200. Ouch. Oh, it gets better – er, worse.

In Toronto, 20 per cent of the average price would be $130,000; in Vancouver, $181,000.

3. Plead with the bank of mom and dad If your parents are baby boomers who have had the good fortune of building equity over the years as they paid down their mortgage while the value of their property multiplied, well… they may be in a position to help.

And more buyers are hitting up the bank of mom and dad. In the last two years, 28 per cent of first-time buyers called on the bank of mom and dad to help finance their purchase; from 2010 to 2014, only 17 per cent did.

4. Become tech savvy Mortgage consumers are becoming very tech savvy. In Canada Mortgage and Housing Corp.’s 2015 Mortgage Consumer Survey, 78 per cent of respondents researched online, with 70 per cent using an mortgage calculator to help determine their payments. And social media is playing a more important role – 20 per cent used sites such as Facebook to learn

more, 17 per cent used a mobile device – and of those, 22 per cent used a mortgage related app. All of these figures are growing.

5. Befriend a broker or banker Like many things in life, it’s all about relationships. And whether you use broker or a banker to secure a mortgage, you’ll likely come to value the relationship. In the same CMHC survey, consumer loyalty strengthened the longer people stayed with their lender. But since we’re talking about money, people are willing to switch lenders to get a better rate and save – a fact which is much more prevalent for bankers than brokers. And because brokers are able to offer products from multiple lenders, as opposed to bankers which offer only the products of their own institution, the market share held by brokers is growing notably, particularly among repeat buyers.

6. Research, research, research These days, with prices rising as they are and uncertainty in some markets, thorough research is an absolute must. Everything from your target area, desired housing type, builder or realtor, finances, how much you can afford, who you borrow from and the structure of your mortgage – take your time.

Take months. Don’t rush anything.

Anything.

THE EASTERN BUILDERS’ ANNUAL 2016 49

Trending

5 reasons 2016 is a good year to buy a home in Canada

by WAYNE KARL WHY IS 2016 A GOOD YEAR TO BUY A HOME IN CANADA? Let us count

the ways.

1. LOW INTEREST RATES In its latest rate announcement on March 9, the Bank of Canada held its target for the overnight rate at 0.50 per cent, citing a setback brought on by a decline in oil and commodities prices.

BoC expects the economy to grow by about 1.5 per cent in 2016 and 2.5 per cent in 2017.

Some experts, such as Benjamin Tal, deputy chief economist at CIBC World Markets, even anticipated the Bank would reduce the rate. Though it didn’t happen then, he still expects 50 YPNEXTHOME.CA

interest rates to remain low through 2016, if not fall.

At least one lender, in Ontario, even recently introduced what it says is the lowest posted fixed mortgage rate on the market – at 1.69 per cent for a one-year term.

2. THE UPSIDE OF DOWN PRICES When the The Canadian Real Estate Association (CREA) released its latest statistics on Feb. 16, one number jumped off the page and into the headlines: 17 per cent – the rate by which the national average sale price rose on a year-over-year basis in January.

“Holy,” prospective homebuyers

might have thought, “how will I ever be able to buy a home if this keeps happening?”

The key thing to look for when you see such news, however, is what’s happening in your market.

Real estate is local, not national.

You don’t buy the Canadian market, or even a provincial or regional one. You buy one home in one location.

Excluding British Columbia and Ontario from CREA’s January stats, the national average sale price actually declined slightly, by 0.3 per cent.

Economies and housing sectors in markets such as Calgary, Edmonton and Saskatoon are feeling the pinch of the extended slowdown in oil and gas.

Home Price Index Benchmark Price MARKET

January 2016

% change 1 month

% change 12 months

% change 3 years

BC Lower Mainland

$681,500

1.8%

19.6%

28.22%

Greater Vancouver

$775,300

1.76%

20.56%

31.58%

Calgary

$444,000

-0.93%

-3.05%

14.29%

Regina

$281,600

1.27%

-0.68%

-7.69%

Saskatoon

$303,100

-0.48%

-2.11%

2.07%

Greater Toronto

$578,400

0.74%

10.69%

27.44%

Ottawa

$328,400

0.07%

1.10%

1.59%

Greater Montreal

$302,000

-0.25%

1.48%

4.04%

Greater Moncton

$159,900

0.67%

6.57%

7.16%

$512,600

0.60%

7.73%

18.71%

CANADA

SOURCE: CANADIAN REAL ESTATE ASSOCIATION

For existing homeowners, of course, this isn’t great news, as average home prices in Calgary dropped 3.05 per cent year-over-year in January; in Saskatoon, they fell 2.11 per cent.

For prospective buyers, however, this means opportunity.

Naturally, buyers might not be too jazzed about getting in when prices are dropping, fearing their home’s value will go down after they purchase.

But look at the longer term. In Calgary, prices have increased 14.29 per cent over the last three years; in Saskatoon, 2.07 per cent.

3. THE HOT GETS HOTTER The Toronto and Vancouver housing markets continue to roll along, recording record sales and prices. If you live there and you’re fortunate enough to be able to buy, particularly in the lowrise category, the forecasts for 2016 are for more growth.

Again looking at the CREA’s stats for January, B.C.’s Lower Mainland and the GTA contributed most to the national increase. Greater Vancouver (20.56 per cent) and the Fraser Valley

(16.94 per cent) posted the largest gains, followed by Greater Toronto (10.69 per cent).

Longer-term performance for these markets is off the charts. Greater Vancouver average home prices rose 20.56 per cent in the last year, 31.58 per cent over the last three years. For the GTA, the figures are 10.69 and 27.44 per cent, respectively.

Housing starts – an important indicator of economic health – continue to hum along in Ontario, up slightly in January, according to Canada Mortgage and Housing Corp.

Vancouver’s are a little more challenged, holding steady overall, but increasing in single-detached starts and declining slightly in multi-family units in January.

4. HISTORY IS ON YOUR SIDE Have you ever heard the adage, “Don’t wait to buy real estate, buy real estate and wait,” but aren’t sure what it means, exactly?

While there are no guarantees, in short, real estate in Canada is a proven performer over time.

Sure, Vancouver and Toronto have shown the most spectacular historical growth, but even unsung markets in eastern Canada have performed well over time, thank you very much.

5. SPRING IS AROUND THE CORNER Spring in real estate is typically “busy season.” While it’s largely been a mild winter in much of Canada, the warmer weather and longer days generally encourage more activity in the market. Those who were thinking of selling but delayed through the winter months might now throw up that “For Sale” sign.

Those looking to buy are similarly more enthused about getting out and looking around when the weather is nicer, and when, coincidentally, listings usually increase.

Even on the new-home front, builders often use the spring season to launch new developments, and to add incentives for any remaining inventory in existing communities.

THE EASTERN BUILDERS’ ANNUAL 2016 51

CAN YOU AFFORD NOT TO OWN A NEW HOME FROM CAMPANALE HOMES? Give our friendly staff at Campanale a call or send us an email, and take the first step in making your new home a reality.

New Homes, Investment Properties, Commercial Units for sale or lease, the Campanale Group has you covered.

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email: info@campanale.com or call 613-730-7000 today.