Ottawa NextHome+CondoGuide Apr. 27 - May 11, 2019

Ottawa Apr. 27–May 11, 2019

The first and only complete guide to pre-construction homes and condos

NEW MODEL HOME OPENS IN RICHMOND

INSIDE:

UNDERSTANDING YOUR CONDO DOCS

CHSP: NEW STATS ON NON-RESIDENT HOMEOWNERS

LIVE IN A HOME FILLED WITH FAMILY ROOMS.

At Mattamy, our commitment to Thoughtful Design ensures each and every room in your home will bring your family closer together. From open-concept plans that let you watch your kids and the stove at the same time, to Jack-and-Jill baths that make mornings so much smoother, every detail in a Mattamy home was made with your family in mind.

BRAND NEW STACKED TOWNS IN WATERIDGE VILLAGE FROM $299,990.

Today, explore new stylish and affordable Stacked Towns in Wateridge Village. Our new Towns include granite kitchen counters, laminate flooring and one parking spot. Wateridge Village is just a 10-minute drive from downtown with easy access to the 417, the LRT at Blair or St. Laurent stations, and minutes from the Ottawa River. Wateridge Village is also located near parks, trails, new schools, Montfort Hospital, La Cité, CMHC, CSIS Campus and more. Live next to the new Eugène Martineau Park with tennis courts, soccer fields and an ice rink. Modern city life awaits you in Wateridge Village.

Stacked Townhome, The Britannia ‘Military’, 915 Sq.Ft., $299,990 Includes 3 Stainless Steel Appliances, No Condo Fees for 3 Years & $5,000 at Décor

Stacked Townhome, The Haydon ‘Military’, 1,227 Sq.Ft., $374,990 Includes 3 Stainless Steel Appliances, No Condo Fees for 3 Years & $5,000 at Décor

Stacked Townhomes From $299,990

SALES CENTRE 895 Montreal Road 613.421.7127

Stacked Townhome, The Lansdowne ‘Military’, 1,259 Sq.Ft., $379,990 Includes 3 Stainless Steel Appliances, No Condo Fees for 3 Years & $5,000 at Décor

Learn More About Wateridge Village At mattamyhomes.com/ottawa Please visit mattamyhomes.com for Sales Centre hours All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

GET MORE FOR LESS IN EMBRUN

BUNGALOWS

STARTING FROM $379,900

TWO STOREYS

44 FT WIDE LOTS

STARTING FROM $399,900

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

Choose from new designs and layouts on larger lots. Plus, enjoy décor bonuses such as quartz countertops and hardwood flooring.

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

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

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

EDITOR’S NOTE

THE BEAUTY OF CONDO LIVING I live in a sweet 450-sq.-ft. condo. It’s the perfect size for one person; easy to keep clean, and made bright and airy by a huge picture window in the bedroom. For me, the beauty of condo living are my neighbours in this great little community and all the amenities I have access to right outside my door.

Two floors down from my suite is a great library with wifi, comfortable chairs and tables, and fully stocked shelves of donated books. It’s all catalogued, organized and maintained by resident volunteers. There is also a gorgeous fourth-floor terrace with gardens, barbecues and picnic tables. On the main level is a beautifully appointed party room with entertaining kitchen, an equipped gym, yoga studio... there’s more, but I think you get the picture.

Condo-living is not for everyone, but it is becoming the home of choice for many, from single professionals and young couples, to families and downsizers. In this issue, we have lots of information to help you in your new-home search, regardless of what kind of home you are looking for.

If there’s something you want us to write about, send me an email, and in the meantime, enjoy this issue of New Home + Condo Guide.

MARLENE EISNER EMAIL: Marlene.Eisner@Nexthome.ca TWITTER: @MarleneEisner

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When two homes become one: Choosing what to keep Page C6

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6 New Home + Condo Guide | Apr. 27–May 11, 2019

APR 27-MAY 11, 2019 | VOLUME 19, ISSUE 9

CONTENTS

CHIEF REVENUE OFFICER

Jacky Hill Jacky.Hill@nexthome.ca EDITOR-IN-CHIEF

Susan Legge Susan.Legge@nexthome.ca

COVER STORY

ART DIRECTOR

Tammy Leung EDITOR

Marlene Eisner CONTRIBUTING EDITORS

Sara Duck Amanda Pereira MEDIA CONSULTANT

Julie DeBoer 613.875.6673 julie.deboer@nexthome.ca SALES & MARKETING CO-ORDINATORS

Gary Chilvers Sarah Khan DISTRIBUTION

distributionteam@nexthome.ca

18

ACCOUNTING INQUIRIES

accountingteam@nexthome.ca GRAPHIC DESIGNERS

Cardel Homes BRINGS A BRIGHT NEW MODEL HOME TO RICHMOND

PROPERTY PROFILE

20 Legally Speaking Understanding your condominium documents

C3 Phoenix Homes Fernbank Crossing Terra Flats: Live in the Golden Triangle

JACQUELINE MONETA & JAYSON SCHWARZ LLM

26 Keehn on Money

TRENDING

Are you worried about the economy?

14 Housing Market New data sheds light on nonresident condo ownership

KELLEY KEEHN

IN EVERY ISSUE

ADVICE

C6 Condo Smarts When two homes merge: What stays, what goes

BY MARNIE BENNETT

6

Editor’s Note

11

What’s Online

22 Hot Properties 24 Advertisers’ Index

+

C1-C8: SPOTLIGHT ON CONDOS Your guide to new condo communities in the Gatineau and Greater Ottawa Area

10 New Home + Condo Guide | Apr. 27–May 11, 2019

Miguel Cea, Sandra Hanak–Vujnovic, Johannah Lorenzo, Mike Terentiev, Kathleen Walker, Alice Wu, Hannah Yarkony Published by

nexthome.ca Advertising Call 1.866.532.2588 for advertising rates and information.

Circulation Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking. Call 1.866.532.2588 to discuss distribution opportunities.

Copyright Notice All copyright and other intellectual property rights in the contents hereof are the property of NextHome, and not that of the individual client. The customer has purchased the right of reproduction in NextHome and does not have the right to reproduce the ad or photo in any other place or publication without the previous written consent of NextHome. Contents of this publication, in hard copy format as well as online, are covered by copyright law, and offenders will be prosecuted.

Copyright 2019 All rights reserved.

Reproduction, storage in a retrieval system or transmission, in any form or by any means, whether electronic, mechanical or otherwise, in whole or in part, without prior written permission of NextHome is strictly prohibited.

Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time.

Editorial Submissions from interested parties will be considered. Please submit to the editor at editorial@nexthome.ca.

WHAT’S ONLINE

TRENDING NOW THE LATEST REAL ESTATE NEWS FROM ACROSS CANADA

WHO REALLY ENFORCES THE RULES IN A CONDOMINIUM?

COULD AIRBNB IN TORONTO RESULT IN MORE HOUSING?

nexthome.ca/who\’s-in-charge

nexthome.ca/Airbnb-Toronto-housing

SHOULD YOU BUY PRECONSTRUCTION OR RESALE?

LOOKING FOR A NEW CONDO? LET THE HUNT BEGIN

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nexthome.ca/condo-hunt

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DISCOVER STYLE IN EVERY SPACE FINISHED BASEMENTS INCLUDED IN ALL NEW SINGLES, SEMIS, AND TOWNHOMES We understand that the entire home should be a pleasant place to live. That’s why all our homes come with a finished basement — one additional space to make your own.

LANDMARK SERIES MODEL HOMES A NEW LINE OF HOME FINISHES DESIGNED FOR TO DAY ’ S B U Y E R S AND INSPIRED BY TO DAY ’ S T R E N D S

KANATA 613.617.0001 178 OVERBERG WAY Townhomes: Cypress, Gregoire, Penrose, Oliver, Whitney

BARRHAVEN 613.617.0001 2097 HELENE-CAMPBELL ROAD Single Family Homes: Baker, Colvin, Cumberland

ORLEANS 613.841.0560 247 JOSHUA STREET Single Family Homes: Baker, Colvin, Cumberland Townhomes: Carlton, Gregoire, Penrose, Whitney Call Sales Centre for hours

claridgehomes.com Offers are subject to change without notice. E.&O.E.

TRENDING

NON-RESIDENT CONDO OWNERSHIP HIGHEST IN THREE CANADIAN HOUSING MARKETS New information released March 12 from the Canadian Housing Statistics Program (CHSP) sheds light on the prevalence of non-resident homeownership in three Canadian housing markets: British Columbia, Ontario and Nova Scotia. A non-resident owner is defined as a person who has their primary dwelling outside of Canada.

“Condominium apartments had the highest prevalence of nonresident ownership, particularly in Vancouver and Toronto,” says Aled ab Iorwerth, Deputy Chief Economist, Canada Mortgage and Housing Corporation. “In general, non-resident ownership is more frequent in newer and higher value residential properties. The CHSP data allows us to better understand the role of non-residents as a component of demand in Canadian housing markets, a topic that is of public interest 14 New Home + Condo Guide | Apr. 27–May 11, 2019

in terms of the source of funds and the investment behaviour associated with such properties.”

STUDY HIGHLIGHTS Non-resident participation in housing markets

Properties that have at least one non-resident owner amounted to 6.2 per cent in British Columbia (Vancouver 7.6 per cent), 3.3 …continued on page 16

SPOTLIGHT ON

L CIA SPE TION SEC

IN THIS SECTION

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

Live and Play ON THE

SOUTH COAST OF CANADA TALL SHIPS LANDING IS LOCATED IN BROCKVILLE, CITY OF THE WORLD FAMOUS 1000 ISLANDS. TALL SHIPS COTTAGE-INIUMS™ COMBINE CAREFREE CONDO LIVING IN AN EXTRAORDINARY COASTAL RESORT, AFFORDING YOU MORE TIME FOR MAKING MEMORIES WITH FAMILY AND FRIENDS.

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PROPERTY PROFILE

FERNBANK CROSSING TERRA FLATS LIVE IN THE GOLDEN TRIANGLE There’s exciting news in the master-planned community of Fernbank Crossing. Phoenix Homes, builders of more than 5,000 homes in Ottawa and the surrounding area since 1997, has introduced Fernbank Crossing Terra Flats, an eightbuilding executive condo flat project. The first two buildings are fully occupied, with the third building sold out and well under construction. Building four is now selling, with construction to begin in the coming weeks.

seating for casual dining, and a dining room with a niche that makes a great workspace. The two-bedroom, two-bathroom Ventus and Ingis models offer an open-plan concept plus a den, while the Sol urban flat features an open-concept layout and a kitchen with a work island with seating that opens into the living/ dining room.

All models have a balcony, convenient in-suite laundry closet, storage and a master suite with a huge window, large walk-in closet, and ensuite bath.

CLOSE TO EVERYTHING

These beautiful executive urban flats are nestled in a lovely greenspace, yet conveniently located near shopping, entertainment, quality schools, libraries, and are part of the Golden Triangle, bordered by Terry Fox Drive, Hazeldean Road, and Eagleson Road.

An abundance of amenities is easily accessible by foot, bike, car, or bus, and for those who love

CONTACT: Debbie Rogers 613.435.7062 drogers@phoenixhomes.ca

CONDOS

These stylish condominiums come in five different models, feature well-designed layouts that maximize space and light, and start from the mid-$200,000s.

The Luna urban flat is an openconcept plan with two bedrooms, two full baths, and in-suite laundry.

As an added bonus, buyers of a unit in the Luna building will receive free laminate floors in the bedrooms and dining and living areas.

The Stella model features a kitchen with a work island and

SPOTLIGHT ON

AFFORDABLE LUXURY

soccer, football, baseball, hockey, or just being in the great outdoors, there’s Walter Baker Park.

As for shopping, everything is within five kilometres. There’s Kanata Centrum Shopping Centre with more than 75 services and retailers, and more than 20 restaurants located nearby.

To the west there’s the Hazeldean strip with a HomeSense and a Rona, and to the east, the First City Shopping Mall. Accessing the 417 is a breeze to go east to downtown Ottawa or west to the Canadian Tire Centre.

With the perfect combination of greenspace, shopping, schools, recreation areas, and more, Phoenix Homes’ Fernbank Crossing Urban Flats are ideal for singles, couples, and families. Units are selling fast. Come see the three brand-new model homes and choose yours today! The sales centre at 332 Haliburton Heights, Ottawa, is open Mon, Tues, Wed, Thurs, 1 p.m.-7 p.m., Sat and Sun 12 p.m. - 5 p.m. Closed Fridays and holidays.

nexthome.ca C3

CONDOS SPOTLIGHT ON C4

OCCUPY OTTAWA’S TALLEST 45 stories of impeccably designed suites

Find your new home in the heart of Little Italy where stunning views of Dow’s Lake are available from $346,000.

www.claridgeicon.com 485 Preston Street, Ottawa 613.695.1441

UNDER CONSTRUCTION

Occupancy October 2020

COMING THIS SPRING

BY WARD M ARKE T

CE N T RE TOWN

$1,000 CASH BONUS with the purchase of any unit at our new condo buildings to those who register online prior to opening sales.

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

CONDOS

REGISTER NOW

SPOTLIGHT ON

D OWN TOWN

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ADVICE | HOME SMARTS

A MARRIAGE OF TASTES WHEN TWO HOMES BECOME ONE

SPOTLIGHT ON

CONDOS

MARNIE BENNETT

I spend a lot of time with couples who are buying their first home together. It’s often enlightening to watch them agree, disagree and compromise until they’ve found the home that clicks for both of them. When the right decision has been made, both parties breathe a huge sigh of relief . . . for about two weeks. Then it’s time for round two: Whose stuff do you keep?

Just a couple of generations ago, it was common for newlyweds to move straight from their parents’ homes into their own. That meant they needed everything, from teaspoons and teacups to a bedroom suite.

Couples collected their belongings together, virtually from scratch.

Today, this scenario is rare.

While singles may not own their own homes – though many do – nearly all have rented their own places and amassed a good deal of furniture, appliances, et cetera, along the way. And, it’s human nature to become attached to our possessions.

In some cases, one partner owns the obviously superior dining table. In others, when both partners love their belongings, there’s real potential for hurt feelings. My first rule of merging households is, be respectful. You don’t have to pretend to like the framed poster of dogs playing

C6 New Home + Condo Guide | Apr. 27–May 11, 2019

poker, but express your feelings as diplomatically as possible. Accept that compromise is necessary on both sides. If you want to confiscate his decorative swords, you may have to surrender the dried flowers.

You may be surprised to find that combining your styles can work, if your pieces are good and the scale is right. Pick up any decorating magazine and you’ll see antiques, vintage and contemporary furniture mingled together to beautiful effect.

When your beloved things simply look wrong together, it may be necessary to “give” the bedroom to one partner while the other gets the living room.

Ideally, you can come up with a furniture placement plan and sell your unneeded possessions before the big move. When opinions clash over a specific item, though, biding your time can be a less painful way to resolve the issue. As you naturally develop tastes in common, the pieces that don’t look quite right will

migrate to the basement, replaced by newly acquired pieces that both of you love.

And one day, you may find your patience rewarded with these wonderful words: “Whatever you like, honey.”

To receive a FREE copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy,” email sales@bennettpros.com

Marnie Bennett is a broker and CEO of Bennett Property Shop Realty, a full premium service real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of “The Bennett Real Estate and Wealth Show” every Saturday at 1 p.m. on 580 CFRA radio. bennettpros.com

+MORE ADVICE ONLINE nexthome.ca/news/advice

1, 1+Den, 2 Bed from $242,900

CONDOS

For more information contact living@sobaottawa.com 613.257.8887

SPOTLIGHT ON

MOVE IN TODAY!

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CLOSEOUT SALE SAVE THOUSANDS ON REMAINING UNITS

SPOTLIGHT ON

CONDOS

MOVE IN 2 TO 8 WEEKS!

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DOWNTOWN LIVING AT 255 BAY Rooftop pool, lounge, gym & incredible views Steps from the Light-Rail Transit European stainless steel appliances Quartz counters & hardwood throughout thebowerycondos.ca

613.695.7577

MOVE IN READY!

Enjoy the riverside at Petrie’s!

Brigil’s Petrie’s Landing is a remarkable riverside community nestled on the edge of the Ottawa River, in one of the coolest areas of Orléans. This waterfront gem deploys panoramic views of the river, Gatineau Hills and surrounding green spaces and is just steps away from light-rail train and renowned Petrie Island, a peaceful wetland and wooded environment with a network of trails and a beach.

Located 15 minutes from downtown Ottawa, the site offers a wide range of condominiums and a business centre equipped with many services on location, including shops, commercial spaces and conference centre. Live, work and enjoy yourselves in this extension of Petrie’s spectacular natural architecture!

Housing types › Luxury condos

PETRIE’S LANDING 21 KM FROM PARLIAMENT 8865 Jeanne d’Arc blvd.N. Orléans, ON

613.706.3640

…continued from page 14

per cent in Ontario (Toronto 3.8 per cent) and 6.2 per cent in Nova Scotia (Halifax 4.3 per cent). The proportion of nonresident participation is highest for condominium apartments. Condos with at least one non-resident owner was at 10.4 per cent in British Columbia and 6.1 per cent in Ontario, and higher in Vancouver (11.2 per cent) and Toronto.

In Vancouver, properties constructed in 2016-2017 with at least one non-resident owner is 15.3 per cent, compared with 11.2 per cent for those built between 2011-2015 and less than six per cent for properties constructed between 1961-1990. This figure is higher (19.2 per cent) for condominium apartments built in 2016-2017.

In comparison, the share of Toronto properties constructed in 2016-2017 with at least one nonresident owner is 6.1 per cent, while the share for residential properties of all periods of construction is 3.8 per cent.

In Nova Scotia, the proportion of properties that have at least one non-resident owner is higher in the rest of the province (7.1 per cent) than in the Halifax CMA (4.3 per cent), suggesting that non-resident ownership is more prevalent among vacationoriented properties outside of the province’s major urban centre.

Comparison of median assessment value between non-resident and resident owned properties

The median assessment value of condominiums owned by nonresidents is higher than those owned by residents in British Columbia (29.1 per cent), Ontario (20.2 per cent), and Nova Scotia (10.8 per cent). In Vancouver, the median assessment value of a 16 New Home + Condo Guide | Apr. 27–May 11, 2019

Under the CHSP, non-resident homeownership is measured in two ways: By residency ownership and residency participation. Under residency ownership, a property is classified as non-resident owned when the majority of owners are non-residents. Under residency participation, a property is classified as having non-resident participation when at least one owner is non-resident.

These complementary concepts permit a more detailed understanding of non-resident activity. The concept of non-resident participation, in particular, illustrates the upper bounds of non-resident ownership in these provinces, as reported in the most recent Housing Market Insight (HMI) released by Canada Mortgage and Housing Corporation (CMHC).

condominium owned by a nonresident is $96,000 more than one owned by a resident, the highest differential in the Vancouver CMA. In Toronto, the median assessment value of a condominium owned by a nonresident is $37,000 more than one owned by a resident, the highest differential in the Toronto CMA. The largest differential between non-resident and resident-owned median assessment value was in single-detached houses in British Columbia at $236,000 (36.7 per cent higher than the median assessment value of resident owned single-detached houses).

In Ontario, the median assessment value of single detached houses owned by nonresidents was lower than those owned by residents by $35,000, but the data shows differently in Ontario’s two largest urban centres of Toronto and OttawaGatineau (Ontario part).

Total number of owners of residential properties

Approximately half of properties in British Columbia, Ontario, and Nova Scotia had two owners, while properties with three or more owners made up a small share of properties in the three provinces. Most resident-owned properties in Vancouver had two owners, while non-residentowned properties tended to have one.

Vancouver had a much higher share of single-detached properties with one owner built between 2011 and 2017 (39.9 per cent) compared to Toronto (25.8 per cent). In Nova Scotia, most properties had two owners, followed by properties owned by a single owner.

Properties with three or more owners represented 4.5 per cent of the total stock, a figure higher than both in British Columbia and Ontario.

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GREYSTONEVILLAGE.CA

COVER STORY

CARDEL HOMES BRINGS A BRIGHT NEW MODEL HOME TO RICHMOND Discover the Nichols single-family home in Creekside Cardel’s intimate Creekside community in Richmond has unveiled a striking new model home just in time for the warmer weather that has seemed so long in coming to Ottawa this year.

At just under 2,500 sq. ft., the Nichols showcases the kind of innovative design, thoughtful space planning, quality construction and undeniable curb appeal that make Cardel a home builder of choice for discerning homebuyers.

DESIGNED FOR FAMILIES AND LOVERS OF STYLE

With four bedrooms and 2.5 bathrooms, the Nichols will appeal to families looking for a single-family 18 New Home + Condo Guide | Apr. 27–May 11, 2019

home in a family-friendly community. There’s even an opportunity to add a ground floor Nanny Suite with three-piece bathroom among available options.

MODERN CURB APPEAL ABOUNDS

There are three different elevations of the Nichols available – the Traditional, the Canadiana and the Modern Urban – and the eye-catching model home is now open for viewing at the corner of Shea Road and Kirkham Crescent in Richmond.

“It’s always exciting to open a new model home, but there is something really special about this home in this great small-town community,” says Lynne Freitag of Cardel Homes. “I think our designers and construction team have taken things to a different level. They just keep raising the bar.”

room. Separating the master from the remaining bedrooms is a conveniently located laundry room. A second bathroom is located at the top of the stairs.

MANY OPTIONS TO EXPLORE, HIGHER STANDARDS TO APPRECIATE

Like every Cardel home, there are plenty of ways to customize the Nichols including extending the master bedroom and dining nook, changing the location of the fireplace in the great room and more. An option to finish the basement adds more than 600 sq. ft. of living space and an additional bathroom.

BIG STYLE IN A SMALL-TOWN SETTING

Creekside by Cardel is located in Richmond, a charming rural village of under 5,000 people located less than 10 minutes south of Kanata. Famous for its Country Fair held every September, Richmond is a popular choice for families looking for a laid-back community with a choice of schools, amenities and opportunities to enjoy sports and the great outdoors.

Only 51 single-family homes will be built in Creekside. Many lots back onto abundant greenspace, and a community park is planned. Residents will be able to walk to grocery shopping, banking and other handy conveniences in a small shopping centre right next door.

WALK INTO A WOW-WORTHY MAIN FLOOR

Before entering the Nichols model, visitors often stop to comment on the vista-expanding corner windows on the main and upper floors. Immediately inside the front door, a 10-ft. by 13-ft. flex room would make an ideal home office, den or sitting room.

Steps further into the house, visitors pass a powder room before the rear of the home unveils its open design that blends a kitchen with walk-in pantry, dining nook with extra wide patio doors and a greatroom with vaulted ceiling, wall-to-wall windows and fireplace. This is a main-floor that deserves to be the main attraction.

Upstairs are four bedrooms including a master with walk-in closet and a spacious ensuite bathroom featuring a bathtub, walk-in shower and private toilet

+

ADDRESS 764 Kirkham Crescent CONTACT 613.444.0440 Lynne.Freitag@cardelhomes.com HOURS: Mon 1 – 7 p.m.

Tues & Wed 12 – 7 p.m.

Thurs & Fri CLOSED Sat, Sun & holidays 12 – 5 p.m.

nexthome.ca 19

ADVICE

UNDERSTANDING YOUR CONDO DOCS

by JACQUELINE MONETA JD & JAYSON SCHWARZ LLM New disclosure requirements in the Condominium Act provide owners with more information than ever, but all of this information can quickly become overwhelming. What are all the documents and what do they tell you? The following is an overview of the rules and regulations governing condo living.

A declaration can only be changed if over 80 per cent of the owners agree to the change. This makes subsequent changes to the declaration difficult and rare.

CONDOMINIUM DECLARATION

BY-LAWS

The declaration is like the constitution of a condo. It provides information regarding each suite’s boundaries and share of common expenses expressed as a percentage of the total budget. The declaration also describes any recreational facilities and how they will be used. It can also contain restrictions on the use or occupation of the units and common elements. A review of the declaration will tell you exactly what you are buying.

The by-laws control how condominium corporations are run. They outline the qualifications of condominium directors, their remuneration (if any), and the quorum necessary for a meeting. The by-laws may

20 New Home + Condo Guide | Apr. 27–May 11, 2019

also outline when and how the condominium can borrow money.

This is important if there is ever a special assessment levied. As an alternative to a special assessment the condo may be able to borrow funds, if allowed in the by-laws, rather than makeup any shortfalls from the unit owners.

By-laws can be passed, appealed or amended by the board of directors. Before becoming effective, by-laws must be approved by a majority of the units of the corporation and registered with the land registry office.

CONDOMINIUM RULES

The board of directors can also make, amend or repeal rules. The rules govern the safety, security

or welfare of the owners and the property or assets of the corporation. They typically prevent unreasonable interference with the use and enjoyment of the common elements or units.

It’s common for the rules to prevent owners from renting out their units for short periods of time (i.e. Airbnb) or restrict visitors’ use of the common elements. It is also increasingly common for the rules to limit the number and/or size of pets allowed in the building.

Rules can vary greatly in each condominium, so even if you are familiar with condo living it’s important to review the rules in each building you buy into. They can impact lifestyle choices, which while not legal issues, should be considered carefully as they can have a large impact on your dayto-day life.

STATUS CERTIFICATE

Perhaps the most important document you’ll receive is the status certificate. This document gives buyers details of the financial and legal circumstances for the condominium building. A status certificate will include information regarding increases in common expenses, law suits against the condominium corporation and any upcoming large expenditures for repairs.

A status certificate will also have information about the individual condo unit. It indicates if the current owner is in default of paying common expenses and if any increase in common expenses has been declared by the condominium board.

While sifting through these documents may seem overwhelming, careful review of the rules and regulations governing your condo could save you a lot of time and unexpected cost down the road. You should also seek the advice of a real estate lawyer and accountant who can point out abnormalities or possible red flags.

Don’t forget the best help you can get is from a real estate lawyer who understands condominium law. Be careful and find someone who is knowledgeable and cares about you and your family. This is an important milestone in your life.

Mail, deliver or fax letters to the magazine or to us, use the web site (schwarzlaw.ca), email (info@schwarzlaw.ca) and give us your questions, concerns, critiques and quandaries. We will try to deal with them in print or electronic form.

+MORE ADVICE ONLINE nexthome.ca/news/advice

nexthome.ca 21

HOT PROPERTIES

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

AVALON ENCORE By: Minto City: Orleans Housing type: Singles, townhomes, condominiums Contact: 613.834.6400 mintoavalon.com

BLACKSTONE By: Cardel Homes City: Kanata Housing type: Singles and Towns Contact: 613.836.9521 cardelhomes.com

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

AVALON ENCORE BY MINTO

CREEKSIDE By: Cardel Homes City: Richmond Housing type: Singles Contact: 613.854.3424 cardelhomes.com

DEERFIELD VILLAGE 2

FELTON COURT

ICON

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

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

By: Valecraft Homes City: Ottawa South Housing type: Townhomes, lowrise condos Contact: 613.421.8142 valecraft.com

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

DIAMONDVIEW

GREYSTONE

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

EDENWYLDE By: Cardel City: Stittsville Housing type: Singles, Townhomes Contact: 613.435.5704 Cardelhomes.com

22 New Home + Condo Guide | Apr. 27–May 11, 2019

FOX RUN

By: eQ Homes City: Old Ottawa East Housing type: Singles, condo, townhomes Contact: 613.569.3043 greystonevillage.ca

LILYTHORNE By: Claridge Homes City: Findlay Creek Housing type: Singles, bungalows, towns Contact: 613.788.2776 claridgehomes.com

MAHOGANY By: Minto City: Manotick Housing type: Singles, towns, bungalow Contact: 343.961.9401 mintomahogany.com

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

MILLER’S CROSSING By: Cardel Homes City: Carleton Place Housing type: Singles, townhomes Contact: 613.253.1959 cardelhomes.com

PLACE ST. THOMAS BY VALECRAFT HOMES

ON HALF MOON BAY

ST. CHARLES MARKET

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

By: Modbox City: Beechwood Village, Ottawa Housing type: Boutique condominiums Contact: 613.301.7782 stcharlesmarket.ca

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

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

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

PLACE ST. THOMAS By: Valecraft Homes City: Embrun Housing type: Single-family homes, bungalows Contact: 613.370.0288 valecraft.com

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

SUNDANCE RATHWELL LANDING By: Valecraft Homes City: Stittsville Housing type: Singles, bungalows, townhomes Contact: 613.435.8141 valecraft.com

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

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

+

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

THE GRID LOFTS By: Modbox City: Ottawa Housing type: Lofts Contact: 613.301.7782 thegridlofts.ca

WATERRIDGE VILLAGE By: Mattamy City: Rockcliffe Housing type: Townhomes Contact: 613.421.7127 mattamyhomes.com

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

nexthome.ca 23

Site Name

Prices

D

Location Builder Name

et a Se che m d B i un g To alo w w n A hom du e lt L /C ife on st do yl e

INDEX OF ADVERTISERS

Page

WEST Almonte

Phoenix Homes

White Tail Ridge

Carleton Place

Brigil

Carleton Crossing

Carleton Place

Cardel

Miller's Crossing

Carp

Phoenix Homes

Diamondview Estates

Kanata

Cardel Homes

Blackstone

Kanata

Mattamy

Fairwinds

Kanata

Mattamy

Abbotsville Crossing

Kanata

Richcraft

Bradley Commons

Richmond

Caivan

Fox Run

Richmond

Cardel

Creekside

Stittsville

Cardel Homes

EdenWylde

Stittsville

Cardel Homes

Ridgewood Estates

Stittsville

eQ Homes

Fernbank Crossing

Stittsville

Mattamy

Blackstone South

Stittsville

Phoenix Homes

Fernbank Crossing

Stittsville

Valecraft

Rathwell Landing

Stittsville

Richcraft

Westwood

Barrhaven

Caivan

The Conservancy

Barrhaven

Mattamy

Half Moon Bay

Findlay Creek

Claridge Homes

Sundance

Greely

Phoenix Homes

Shadow Ridge

Kemptville

EQ Homes

Equinelle

Manotick

EQ Homes

Riverwalk

Ottawa South

EQ Homes

Pathways at Findlay

Ottawa South

Phoenix Homes

Pathways at Findlay

Ottawa South

Claridge

Lilythorne

Ottawa South

Valecraft

Deerfield Village II

Ottawa South

Richcraft

Pathways at Findlay

Riverside South

Claridge

Summerhill Village

• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •

From $400's

8, 9

From $259's

15

Inquire

7

From $400's

8, 9

Inquire

7

From $300’s

2&3

From $400's

2&3

From $410’s

C8

Inquire

4

Inquire

7

Inquire

7

Inquire

7

From $300’s

17, BC

From $300’s

2&3

From $400’s

8, 9

From $370’s

5

From $390’s

C8

Inquire

4

From $250’s

2&3

From $250’s

12 & 13, BC

Inquire

8, 9

From $300’s

17

SOUTH

24 New Home + Condo Guide | Apr. 27–May 11, 2019

• • • • • • • • • • • • • • • • • • • • • • •

From mid $400’s 17 From $300's

17

From $400’s

8, 9

From $400's

18 & 19

From $380's

5

From $380's

C8

From $360's

12 & 13

Riverside South

Claridge

River's Edge

Riverside South

Richcraft

Riverside South

Clarence-Rockland

EQ Homes

Clarence Crossing

Embrun

Valecraft

Place St. Thomas

Orleans

Caivan

Orleans Village

Orleans

Claridge

Spring Valley Trails

Orleans

Richcraft

Trails Edge

Orleans

Richcraft

Axis Court

Ottawa East

Claridge

Wateridge Village

Ottawa East

Mattamy

Wateridge Village

Gatineau

Brigil

Plateau Du Parc

Gatineau

Brigil

Plateau Symmes

Gatineau

Richcraft

La Croisee Aylmer

Brockville

The Fuller Group

Tall Ships Landing

Central

Brigil

121 Parkdale

Central

Brad Lamb Realty

Soba

Downtown

Claridge

Claridge Plaza 4

Downtown

Claridge

Icon

Downtown

Claridge

Fusion Lebreton Flats

Downtown

Claridge

Waterstreet

Downtown

Claridge

The Lofts at Tribeca

Downtown

eQ Homes

Greystone Village II

Downtown

Richcraft

The Bowery

Gatineau

Brigil

Domaine du Vieux-Port

Gatineau

Brigil

Le Columbia

Orleans

Brigil

Petrie's Landing

Riverside South

Richcraft

Jade Flats

West Nepean

Claridge

Stirling Park

et a Se ch m ed B i un g To alo w w n A hom du e lt L /C ife on st do yl e

Site Name

Prices

D

Location Builder Name

• •

• •

• • •

•

Page

Inquire

12 & 13

From $540's

C8

From high $200's

17

From $370's

5

Inquire

4

From $300’s

12 & 13

From $260’s

C8

From $260’s

C8

From $580's

12 & 13

From $490's

2&3

Inquire

15

Inquire

15

From $540's

C8

Inquire

C2

Inquire

15

Inquire

C7

From $319,000

12 & 13

From $336,000

12 & 13

From $590,000

12 & 13

From $339,000

12 & 13, BC

From $669,000

12 & 13, BC

Inquire

17

From $262,000

C8

Inquire

15

Inquire

15

From $210’s

15

From $290’s

C8

From $289,000

12 & 13

EAST

• •

• • • • • • •

NORTH

• • • • •

•

CONDO

•

• • • • • • • • • • • • • • •

nexthome.ca 25

ADVICE | KEEHN ON MONEY

ARE YOU WORRIED

ABOUT THE ECONOMY? KELLEY KEEHN

Two-thirds of Canadians are worried about their finances, according to an economic poll conducted in February on behalf of two non-profit organizations, the Financial Planning Standards Council (FPSC) and Credit Canada. Titled The Kitchen Table Forecast, the Leger poll asked 1,515 Canadians about a series of ‘kitchen table’ issues – financial concerns that confront people on a daily basis, such as bill payments and debt, the cost of living, job security and bankruptcy.

The results show Canadians feel stressed about their finances and are often at a loss to improve their situation. This hopelessness can cause people to do nothing, and possibly make their condition worse. Uncertainty about an ever-changing job market and economy only undermines the average person’s confidence and ability to handle the ebb and flow that life inevitably presents.

Shawn Todd, partner, VP and Certified Financial Planner with Ecivda Financial Planning Boutique, is also concerned about the potential state of many household plans. ”It comes as no surprise that many families just shut down in some mode of financial paralysis when these issues and stresses arise.”

According to Todd, potential 26 New Home + Condo Guide | Apr. 27–May 11, 2019

home and condo buyers can better position themselves for the home they are excited about by asking themselves a key question: ‘Can I afford this new purchase?’

“It’s easy to fall in love with a new home or building. At the end of the day, you need to be able to know that you can afford it along with the bills that come with it,” says Todd. “Quite often, we are asked by clients, ‘How do I know if I can afford this new mortgage payment?’ It would always be a great step to take the mortgage numbers you are working with, and stress test them in this fashion: “How would you feel if the value of your potential property was 10-15 per cent less in a year after the purchase, and your mortgage payment was one- to-two-per cent higher? If those numbers work nicely in your plan, and your budget still works, you’re

most likely sitting in a very comfortable situation.

“Running this exercise may allow you to worry less about 2019’s economy, and how it may look in the next two, three, and four years. I encourage our clients to check their budget, and note items like lines of credit, credit cards, their next car purchase, and their mortgage payment can all change fairly quickly during interest rate hikes.”

Kelley Keehn is an award-winning, best-selling author and personal finance educator. She’s also the Consumer Advocate for the Financial Planning Standards Council. Find her at kelleykeehn.com.

+MORE ADVICE ONLINE nexthome.ca/news/advice

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COMING THIS SPRING

D OWN TOWN

BY WARD M ARKE T

CE N T RE TOWN

REGISTER NOW $1,000 CASH BONUS with the purchase of any unit at our new condo buildings to those who register online prior to opening sales.

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