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August 17 - 31, 2013 Volume 16 Issue 14

COME... DWELL ON THE PARK! PARKCITY HAS ITS OWN TWO-ACRE PARK AND LOTS OF GREEN FEATURES YOU’LL LOVE IN BURLINGTON

INSIDE THIS ISSUE

10 TIPS FOR A SAFE & SMOOTH MOVE

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TILLSONBURG: LEAPING INTO THE FUTURE

IS A VARIABLE RATE MORTGAGE RIGHT FOR YOU?

8/14/13 3:10 PM


Summer Inventory

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CELEBRATING 100 HAPPY HOMEOWNERS IN 2013!

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

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THE NEXT CHAPTER BEGINS

DRAMATIC NEW DESIGNS COUNTRY GREEN HOMES IS PROUD TO RELEASE NEW DESIGNS OF 2 STOREY BACK TO BACK TOWNS PLUS TRADITIONAL 3 STOREY TOWNS THIS SEPTEMBER AT THE UPTOWNS OF WATERDOWN DON’T MISS OUT PRE-REGISTER NOW AT COUNTRYGREENHOMES.COM COMING SOON SepteMber 2013 AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 7

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contents

AUGUST 17-31, 2013

||

VOLUME 16 ISSUE 14

cover story p.14

TOBYN PARK HOMES Come... dwell on the park at ParkCity Condos in Burlington

regular and special features IN EVERY ISSUE 10 EDITOR’S NOTE

83 84

HOT DATES AD INDEX

IN THE NEWS

18

BMO ECONOMICS

28

HHHBA

COLUMNISTS

24

62

We’re having a baby!

HOMEBUYERS’ HELP

QUICK TIPS

22

MOVING TIPS

by Hellen Buttigieg

54

FINANCES

58

FINANCES

60

FINANCES

72

CITY FOCUS

77

HOMEBUYERS’ RESOURCES

42

NIAGARA FALLS

Disciplined delegator or drill sergeant? THE MORTGAGE MINUTE

Is a variable rate mortgage right for you? by Peter Kinch

66

MAKE YOUR MOVE

Avoid common packing mistakes by Dan Hopkins

85

FUNDAMENTALLY SPEAKING

The importance of selecting a reputable mover by Wayne Karl

community focus features 14

BURLINGTON

Tobyn Park Homes

Come... dwell on the park at ParkCity Condos in Burlington

36

HHHBA raises $2,500 for Mohawk College Bursary

MONEY MATTERS

by Gail Vaz-Oxlade

48

Home sales show highest quarterly growth since 2010

SMITHVILLE

Phelps Homes

The great escape to wine country

008 TO UPDATE TOC-WK.indd 8

36

10-point plan for a safe and smooth move Stress-test your mortgage to ensure affordable housing costs How to assess your readiness for homeownership Not all new couples are honest about financial baggage

42 72

Tillsonburg: regional hub leaping into the future Mortgage Calculator & Rate Table

Empire Communities

Empire Communities launches Imagine to great fanfare

NEW HOME

watch

19 Waterloo 29 Hamilton 64 London

8/15/13 2:26:53 PM


harvest

the moment capture your

dream

Now is the time to start improving you and your family’s life

New Lot Release!

Limited Release of new 40’ lots and two blocks of townhomes!

1.99%

INTERE

for 5 ye S T ars!

towns and singles from the $220s MODEL HOME 122 Clare Ave, Welland (Near the intersection of South Pelham & Webber Rd.)

www.mountainview.com 905.323.6232

Monday, Tuesday, Thursday 12-5 p.m. Wednesday 12-7 p.m. Saturday & Sunday 12-5 p.m. Friday by appointment.

Prices and specifications subject to change without notice. E. & O.E. Offer is subject to change without notice. Subject to restrictions. Promotion applies to maximum of $300,000 and to conventional mortgages. Only available on 12 month closings. AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 9

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editor’snote

Solid investment decisions begin at home

VICE-PRESIDENT, WALL2WALL MEDIA

I

s there a positive to buying a new home in our current economic climate? You bet there is. When you buy from a new-home builder, your investment is backed by a strong warranty program. It protects your deposit before the home is built and it offers protection against defects in work and materials, unauthorized substitutions and delayed closings or occupancies after the home is constructed. In Ontario, Tarion Warranty Corp. oversees the warranty program – visit tarion.com for more details. What are the other positives of buying a new home? New housing prices are extremely competitive at this time and interest rates are low. If you think posted rates look good, ask your bank or mortgage broker if they can do better. While no one can guarantee what their home will be worth in the next 10 or 20 years, ask a recent new-home buyer what the value of their home is now. Chances are you will see them smile. There has been a steady increase in the price of new homes, especially in communities with new amenities such as schools, shopping and transit. There are no rules about what exactly a builder or sales representative must tell you about your prospective new neighbourhood, so do some homework of your own and investigate the area. The media often stresses the negative side of the story. It’s time to make solid investment decisions, and look beyond the doom and gloom. Investigate how you can make Canada’s economic environment work for you. Happy new-home hunting!

Susan Legge EDITOR-IN-CHIEF

Wall2Wall Media, susan.Legge@wall2wallmedia.com

Jacqueline Hill

ASSOCIATE PUBLISHER

Susan Maxwell

EDITOR-IN-CHIEF, NATIONAL REAL ESTATE

Susan Legge ART DIRECTOR

Daiana Garay EDITOR

Wayne Karl CONTRIBUTING EDITORS

Sara Duck Elisa Krovblit Lydia McNutt

EDITORIAL INTERN

Tal Klachook

DISTRIBUTION & SALES CO-ORDINATOR

Jennifer Bistron

ADMINISTRATIVE ASSISTANT

Antoinette Jackson

MANAGER OF PRODUCTION

Bala Gnanapandithan CO-ORDINATOR

Laura Northmore GRAPHIC DESIGNER

Viosa Barileva

NATIONAL ACCOUNT MANAGER, MEDIATIVE

Paul Slizys

CONTRIBUTING WRITERS

Joanne Keenan Jeffrey Reed

Follow me on Twitter at Twitter.com/SusanLegge PUBLISHED BY

Choose your mover wisely

For this important part of the homebuying process, take the time to do proper research

F

ar too many people, it seems, have a moving horror story. Not just tales of damaged possessions, delayed deliveries or unavailable trucks, but far worse instances of outright crime. Moving company ripoffs, in fact, are one of the top scams monitored by the Better Business Bureau (BBB). After saving for a down payment, paying lawyer’s fees and other costs associated with buying a home, who can blame buyers for wanting to save a few bucks in the one area they likely feel they can tackle themselves, or by hiring a discount mover to do the job on the cheap. The problem with the latter choice, especially, is the high risk you run in being victim to the various schemes employed by unscrupulous moving companies. To protect yourself, the Canadian Association of Movers, which holds members to a strict code of ethics, urges consumers to research prospective moving firms: contact the CMA for checklists and referrals, as well as other sources such as Industry Canada and the BBB. Moving into a new home should be an exciting and celebratory experience. Ensure it remains that way by not cutting corners on this last important step.

Wayne Karl EDITOR

Wall2Wall Media, wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

newhomeandcondoguide.com Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 Call Susan Maxwell at 416.580.1654 FAX: 416.784.9554 Toll Free: 1.877.269.8257, follow prompts, ext. 4260; e-mail: susan.maxwell@wall2wallmedia.com Office hours are Mon-Thurs. 9-5; Fri. 9-12

ADVERTISING:

CIRCULATION: Free distribution. Published bi-weekly from Sept.-Nov. & from Feb.-June and monthly in June, July & Dec. TERMS: Advertisers, Editorials and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL: Submissions from interested parties will be considered. Please submit to the address above, to the attention of the Editor. COPYRIGHT 2013: All

rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Please recycle this magazine! Wall2Wall Media 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.

10 NEW HOME & CONDO GUIDE SWO | AUGUST 17 - 31, 2013

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U9050_LS_NHC_SWO_July20_U9050_LS_NHC_SWO_July20 7/16/13 2:16 PM Page 1

A short drive for big savings! 10 minutes could save you over $30,000! Now is the time to buy in Beamsville, a beautiful town just moments down the QEW from Stoney Creek.

Stunning Detached and Townhome Designs starting at only $264,900 • A new 46,000 Sq ft, $15,000,000 Community Centre with NHL sized arena and public library right in Lincoln Square! • Walking distance to schools, retail and downtown shops and restaurants. • 2 Parks on site including a sanctuary pond.

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Sales Centre: Intersection of Ontario & May Street, (Serena Drive), Beamsville Hours: Monday - Thursday 1pm - 7pm Saturday & Sunday 12pm - 5pm, Fridays by appointment only

289.566.8889 or visit HomesByDeSantis.com

Best Sales Centres of 2012 Award Distinction

Register now on your mobile device For community updates, contests, new home owner information and more, follow us on: Illustrations are artist’s concept. Prices and specifications subject to change without notice.

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4:48 PM

Live the Life ™

Look What’s Coming Ashore in Grimsby

IN GRIMSBY

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13

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coverstory

Come… Dwell on the Park! ParkCity has its own two-acre park and lots of Green features you’ll love

E

veryone wants to be connected to nature these days, especially condo buyers who are looking for cool outdoor spaces, environmentally friendly features and opportunities to reduce their carbon footprint. At Tobyn Park Homes’ latest community, being Green is easy! ParkCity Condos in Burlington has lots of remarkable features that make it the smart choice for great outdoor connections, plenty of ecofriendly lifestyle benefits and smart sensible condo living. ParkCity Condos takes its design direction from the signature two-acre central park that the lowrise condo community wraps around. “The park is a natural gathering space for residents and their guests to connect with nature and their neighbours,” says Vesna Sola, sales manager for in2ition Realty, and representing ParkCity Condos. The four-storey boutique condo is situated in a private, landscaped common. “Tobyn Park Homes really wanted to offer something very unique in the condo community,” says Sola. “There are no other

condos in the GTA west that offer a park setting of this kind. This greenspace offers residents’ lots of breathing room, places to spread out, rest and relax. It’s an extension of your home! Lush landscaping will be a welcome refuge. The rolling lawn will be a fun place to lounge with friends or work on your laptop.” The two-acre park is enveloped by a landscaped walkway and has bench seating, pergolas and gathering spaces. “There is even a pathway that connects to the adjacent conservation lands providing links to the Burlington Trail System and Tansley Woods Recreation Centre,” adds Sola. ParkCity Condos also has a chic rooftop terrace for residents and their guests. Meet up for sunbathing or sunsets! Enjoy the view from club style seating or the barbecue bar. The views are uninterrupted. Panoramic Green vistas of the Niagara Escarpment, Millcroft Golf Course, the ravine and conservation lands and the treetop canopy of this lush neighbourhood surround ParkCity Condos. ParkCity residents will also enjoy their own private outdoor space as they step out their suites glass garden door. “Buyers can choose from ground floor suites with their own private patio to furniture-sized balconies or sweeping terraces. So, there is always an indoor/outdoor connection,” adds Sola. Tobyn Park and its suppliers are integrating as many eco-friendly and cost saving features into the condo as possible, and a significant amount of the development’s suppliers and materials are within the 160-km range. This commitment to sustainability creates local jobs and extends Green living even further. One of the environmentally friendly practices incorporated into ParkCity’s structure is geo-thermal heating and cooling, an underground

14 New home & condo guide SWO | august 17 - 31, 2013

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Tobyn Park Homes

Panoramic Green vistas of the Niagara Escarpment, Millcroft Golf Course, the ravine and conservation lands and the treetop canopy of this lush neighbourhood surround ParkCity Condos.

ParkCity Condos

system that doesn’t use any fossil fuels to keep your condo toasty in winter and cool in summer. The electricity-saving system is also a space saver, meaning there’s more useable room in the building and your suite too! The 160-km philosophy ensures the overall carbon footprint of ParkCity is reduced and that local manufacturers see more business from a new building coming to their backyard. For example, all consultants are based in Burlington, including City Windows, Hansen Brick, Tamarack Lumber and Arriscraft stone panels. Each suite at ParkCity is smart and Green. In addition to the insuite geothermal, other Green technologies such as water conservation, smart-sized energy efficient appliances, high efficiency lighting indoor and out, and Low-E Argon operable windows make ParkCity a smarter environmental choice when considering a condo. ParkCity Condos are close to transit and the GO Station for ease and convenience. There will also be an AutoShare Program for residents to enjoy the use of a car without the cost of purchasing, insuring or maintaining it – again while reducing your carbon footprint. location Burlington housing type Lowrise condominium contact 905.635.9903 sales@parkcityliving.ca

Interested in Green living? You are encouraged to visit the state-ofthe-art fully decorated model suite and presentation centre where you can experience first-hand the many features that make ParkCity a refreshingly green choice for smart condo living. ParkCity Condos also makes homeownership easier with its flexible deposit plan. Ask about this exciting program and see how easy it is to make your “Green savings” work to your advantage! The project is expected to be move-in ready by 2015. Available suites start from the $180,000s. For more information, contact sales@parkcityliving.ca or 905.635.9903. august 17 - 31, 2013 | New home & condo guide SWO 15

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Luxury Bungalows Thousands Below GTA Prices! pm... 0 :0 5 y a d r u Sat

es the kitchen com t e rm ou g From your ns as your g pots and pa lin tt ra of d soun inner party is evening ’s d th s re pa e pr man s. w neig hbour with your ne ek the Sally Cre at ss la c g in ers One cook one from burg g s e’ h d an Rec Centre iand with to chateaubr ue c e rb ba e on th oodstock from the W s e bl ta e g e v seasonal k et. Farmer’s Mar lo oks k it almost in th u yo as You chuckle ng. what he’s doi s w no k e h lik e ere’s he doesn’t th if n e v e ll, Oh we at the on the patio always dinner Bistro. Sally Cre ek

GERANIUMHOMES.COM

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Sizes, prices and specifications are correct at press time and subject to change without notice. All illustrations are artistʼs concept. The ENERGY STAR® WQ-1189 NHG SWO DPS June 22, 13 4 016-017-Geranium Homes 06-22-13.indd 1

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mark


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RAILING

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#" - - " / 5 3 " & … 4 50 6 ' ' 7 * - - & … 1 0 35 ) 0 1 & … 80 0 % 4 50 $ , 

mark is administered and promoted in Canada by Natural Resources Canada. Used with permission. *Semi-link models only. **See Sale Rep for details. E.&O.E. 6/18/13 5:29:54 PM 016-017-Geranium Homes 06-22-13.indd 2

8/14/13 5:08 PM


inthenews

Canadian home sales show highest quarterly growth since 2010: BMO Economics

According to BMO Senior Economist Robert Kavcic, the

latest data from the Canadian Real Estate Association shows that the Canadian housing market remains balanced and well-behaved. Existing home sales rose for the fourth month in a row in June, posting a 3.3-percent seasonally adjusted gain from the prior month and down just 0.6 per cent from the readings of a year ago. “These figures represent another body blow to the Canadian housing bears,” says Kavcic. “The June report leaves the second-quarter tally at an impressive 6.4 per cent above the previous quarter – the strongest performance since 2010. In fact, sales are now back to levels seen before the latest round of mortgage rule tightening took effect in early July, helped by very low mortgage rates through much of the spring.” Kavcic noted that the recent rise in five-year fixed rates – now in the neighbourhood of 3.5 per cent versus sub-three per cent just over a month ago – might have actually stoked sales activity in June, with buyers making their move before their lower rate contracts expired. “That could set the stage for another cooling off period this summer. At any rate, measures of market balance are clearly tightening, with the sales-to-new listings ratio again slightly above historical norms and the months’ supply down for the third time in the past four months.” Regionally, most markets have tightened up in recent months, including an impressive turnabout in Vancouver – sales are now 52 per cent of new listings, up from a low of 36.6 per cent late last year. Toronto is firmly balanced, while Calgary is again seeing a sellers’ market. Kavcic also says that firmer sales and lower inventories have all but erased any threat of an imminent melt in prices. “Average prices were 4.8 per cent above year-ago levels in June, with fully 80 per cent of the major markets surveyed reporting prices up from last year. Vancouver and Regina are both still seeing prices below year-ago levels by this measure, though Vancouver has bottomed in recent months. Calgary is the clear outperformer, up a strong 6.7 per cent year over year, and now less than three per cent from peak 2007 levels.”

Regionally, most markets have tightened up in recent months, including an impressive turnabout in Vancouver – sales are now 52 per cent of new listings, up from a low of 36.6 per cent late last year. “It’s essential that homebuyers stress-test their mortgage against a higher interest rate to ensure they could handle any potential increases in interest rates down the road,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “It’s also wise to choose a mortgage with a shorter amortization, which can help homeowners become mortgage-free sooner.” Parsons added that those who are ready to enter the marketplace can get a head start on planning by getting pre-approved for a mortgage before setting out to lock down the perfect home.

18 New home & condo guide SWO | august 17 - 31, 2013

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halton hills wellington waterloo

New Home

watch

BUILDERS: If you would like to include your new model home or site opening, email wayne.karl@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide!

preview registration mady developments Waterloo | 155Uptown

new releases menkes Georgetown | The Enclaves of Upper Canada

Now previewing – uptown Waterloo living with the best in value, selections, location and building and neighbourhood amenities.

New release of semi-links in this family community backing on to a ravine mature trees.

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menkes.com

Vanmar Guelph | V2 Condos

reid’s heritage homes Guelph | Westminster Woods

Coming soon to south Guelph, an intimate midrise condominium only minutes to nature trails, golfing, dining and shopping.

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macpherson builders Fergus | Summerlea

Coming soon – single-family homes from the $280’s. Register today.

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macpherson builders Seaforth | Bridges of Seaforth

Country living at its finest at one of Ontario’s premier adult lifestyle communities.

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losani homes Kitchener | Victoria Common

Grand Opening for this community of “FlexSpace” townhomes.

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new openings mattamy homes Kitchener | Wildflowers

Coming soon – Mattamy’s first master-planned community in Kitchener, with affordable townhomes and detached homes.

Most affordable condos in desirable South Guelph. In an award-winning community, Kingsbury Square’s one- to three-bedroom suites are selling fast.

reidsheritagehomes.com

reid’s heritage homes Guelph | Westminster Woods

Arlington Court is the final opportunity in Guelph signature family community – beautifully designed three-bedroom, two-storey residences starting at $284,900.

reidsheritagehomes.com

Almaa Ayr Cambridge Elora Fergus Georgetown Guelph Kitchener Rockwood Waterloo

fusion homes Guelph | Privada

Final release now underway for this collection of bungalow townhomes.

fusionhomes.com

dunsire developments Kitchener | Mill Creek Village

Traditional or Back-2-Back townhome units with walkouts available.

millcreekvillage.ca

gemini homes Guelph | Creekside

Special release – last lot in Creekside, Cobalt semi-detached with pie-shaped lot now available.

geminihomes.ca

gemini homes Guelph | The Highlands

Semi-detached homes from the $320’s, including A/C and granite kitchen counters. Walkouts available.

geminihomes.ca

reid’s heritage homes Fergus | Westminster Highlands

Grand Opening of new master-planned community in Fergus. Phase One includes, single-family homes, bungalow townhomes and executive townhomes – close to amenities.

reidsheritagehomes.com

fusion homes Guelph | Blueberry Hill

Brand new semi-detached and 30-ft. detached lots.

fusionhomes.com

mattamyhomes.com

gemini homes Guelph | Morning Crest

Energy Star model home is now open. Visit at Watson Road and Couling Crescent for details on available single and semi-detached homes.

geminihomes.ca

august 17 - 31, 2013 | New home & condo guide SWO 19

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20

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Plattsville

Breslau

MILTON, GEORGETOWN, ROCKWOOD, GUELPH, FERGUS, ELORA, ALMA, CAMBRIDGE, KITCHENER, WATERLOO, AYR

Halton Hills / Wellington / Waterloo:

Acton


Cambridge

MATTAMY HOMES

Wildflowers

from $289,990

6

Kitchener

BRANTHAVEN HOMES

Joy • from $257,490

13

Kitchener

DUNSIRE DEVELOPMENTS

Mill Creek Village •

Kitchener

EMPIRE COMMUNITIES

Riverland

Kitchener

WILLIAMSBURG HOMES

Eby Estates

South Guelph REID'S HERITAGE HOMES

PAGE

from $286,490

23

from $379,990

2&3

• from $339,900

27

Westminster Woods

• from $168,900

BC

MILTON, GEORGETOWN, ROCKWOOD, GUELPH, FERGUS, ELORA, ALMA, CAMBRIDGE, KITCHENER, WATERLOO, AYR

PRICES

Halton Hills / Wellington / Waterloo:

SITES

De t. Se m Bu i ng a To low w Co nho nd m Ad o e ul tL ife sty le

LOCATION BUILDERS

21

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movingtips

10-point plan

for a safe and smooth move One of the best ways to ensure the move to

your new home goes smoothly is to plan it well in advance. The Canadian Association of Movers (CAM) stresses consumers get an early start, giving them time to find the best mover for them – and to ensure they don’t get caught hiring a rogue mover at the last minute. Pitfalls to planning poorly or leaving booking until very late are that you risk getting limited choices for movers, unreliable estimates, empty promises and poor service. Here are 10 points to help ensure a smooth move: DOs 1. DO hire a reputable mover. Check with your provincial government, the Better Business Bureau and/or the Canadian Association of Movers before you contract a mover. 2. DO get three on-site estimates – in writing. An in-home estimate is a more accurate estimate – and that means fewer disputes later on, during or after the move. 3. DO validate any estimate that is significantly different from the others. Check the mover’s reputation and validate their affiliations. 4. DO read Industry Canada’s Consumer Checklist for Choosing a Moving Company on CAM’s website, mover.net. CAM has important information on moving for consumers. 5. DO ask how your goods are protected against loss or damage and insured while in transit. You may wish to request additional cargo protection that is based on your valuation of your shipment. And always get it in writing.

Pitfalls to planning poorly or leaving booking until very late are that you risk getting limited choices for movers, unreliable estimates, empty promises and poor service.

DON’Ts 1. DON’T make your decision based on the mover’s advertisement or salesman’s promises. Glossy ads, slick websites and verbal promises won’t ensure a good move. Always get promises in writing. 2. DON’T make your decision based on the lowest price or the company waiving the tax. Low prices are often altered on moving day with additional fees and only a disreputable mover will avoid collecting tax. 3. DON’T allow any company to do an over-the-phone estimate. A phone estimate is not binding unless it is followed up in writing and is often unreliable because the mover does not have all of the necessary information. 4. DON’T accept the references a company provides at face value. References can be a marketing strategy so they should not be your deciding factor. 5. DON’T accept any verbal agreement. A verbal commitment cannot be proven in a dispute. Always get promises in writing. You have a responsibility to protect yourself. Find out about your rights and responsibilities. There are consumer protection laws to protect you, but it’s far easier to get a reputable mover than to try and get a remedy after the move.

22 New home & condo guide SWO | august 17 - 31, 2013

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5 .2

U

5p n m .a

UG

w ev ee en ke t .2 4 n 1p & d m S UG

-

now RELEAsing

Sa t.

a

townhomEs Next to the raviNe

3-bedroom towns with walkout basements from

286

$

490O

One and 2-bedroom units are also available with early closings!

nLY

14

3-Be town droom ho Remames in

s reek i mill c nder now u ction ru const

Actual photo of the protected, wooded ravine

Free

stainless steel appliance package

millcreekvillage.ca

1 888 519 2346

*

another community by

project Financing:

MarshallZehr

* Event weekend only. Ask for details.

Location:

Roundabout at Homer Watson Blvd. and Block Line Rd.

Hours:

Mon-Wed 4-8, Sat-Sun 1-5 Closed Thu, Fri & stat holidays AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 23

Prices subject to change. E&OE

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moneymatters

We’re Having

a baby! by gail vaz-oxlade

One of the life events that will have the biggest impact on your money is the arrival of a new babe and the income loss associated with taking maternity leave. In Canada, new moms can take up to 52 weeks off from their jobs and have those jobs protected for their return to work. However, all that time off doesn’t necessarily come with a full pay cheque. Yes, there are companies that offer a “top up,” but it hardly ever is for the full amount of your before-baby pay, and it seldom lasts for the full year. For people who do not receive a top-up, employment insurance (EI) benefits will provide an income. EI benefits are calculated as 55 per cent of your normal earnings up to a maximum salary. So if you’re earning $40,000 a year, which translates into $3,333 before taxes a month, or $769 gross a week, you’ll be entitled to 55 per cent of that or about $423 a week, before taxes. Ouch! On top of that pain is the fact that the first two weeks of mat leave are unpaid, so your income calculation won’t start until the third week. And since

You have to make a budget that balances while you’re off, including a whole bunch of new categories that incorporate baby’s food, clothes, personal care (diapers, shampoo, cream), medical, toys, activities and savings.

C O N T I N U E D on p a g e 2 6 . . . 24 New home & condo guide SWO | august 17 - 31, 2013

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Now is the time to buy! stacked towns | quads | townhomes | octominiums semis | detached bungalows | 2-storey detached

as low

$149, 990

eastfo

restho

as

mes.c

om

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Baden Country Estates - Baden Carriage Lanes - Cambridge D’Aubigny Forest - Brantford Doon South - Kitchener Eby Estates - Kitchener Grandville - Paris Grasslands at Stauffer Woods - Kitchener Highland Ridge - Cambridge Huron Village - Kitchener Huron Point - Kitchener Huron Landing - Kitchener Riverside - New Hamburg Vista Hills - Waterloo Woodway Trails - Simcoe

$10,0

Desig

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00

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ollars

Prices correct at press time. Pictures are for illustration purposes only. Design Studio bonus promotion only available on new construction. All offers are for a limited time only, are not applicable with any other promotion unless stated and may be cancelled or discontinued at any time. See Sales Representative for details. Broker protected. E. & O. E. 2013

AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 25

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m o n e y m a t t e r s | C O N T IN U E D

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

it’ll take between four to six weeks to get your first EI benefit deposited into your bank account, you shouldn’t be counting on that money to make your mortgage payment or buy food. Moms aren’t the only ones who can take time off with your new Mini-Me. Dads can take up to 35 weeks of parental leave; however EI benefits have to be shared between the mother and father so they can’t both collect EI at the same time. Adoptive parents also get to take parental benefits and fall under the same rules as dads. So, now that you know you’ll only be getting a fraction of the income you’ve become used to, how are you going to cope? Many new moms and dads resort to using their credit cards or lines of credit to see them through. Dumb! With a new long-term expense – that’s the baby – adding gobs of interest to the equation is no way to secure your financial future. Every month you’ll fall further and further behind, becoming almost desperate at the hole you’ve dug yourself. And if another baby arrives soon after, your goose will be cooked. Just because Canadians are guaranteed a year of mat leave doesn’t mean we have the right to take it. We only have that right if we’ve taken the time to plan for it, and have the money we’ll need to make ends meet without going into debt. The best way to see the implication of the mat leave income drop-off is to live on the equivalent of your mat leave income for the duration of your pregnancy. Put the rest of the money you’re earning away for emergencies, to buy the stuff you’ll need for baby, or to start an education savings plan. If you can’t swing it for the months that you’re pregnant, you might want to reconsider taking the full year’s mat leave.

Adoptive parents also get to take parental benefits and fall under the same rules as dads. The other thing you have to consider is which member of the family should take the most time with the baby. While, traditionally, women have done this, when the woman is the primary breadwinner in the family then the income loss to the family is felt doubly. Do the math to see who should take time off and how much, and how that will impact on the family’s financial situation. You have to make a budget that balances while you’re off, including a whole bunch of new categories that incorporate baby’s food, clothes, personal care (diapers, shampoo, cream), medical, toys, activities and savings. Don’t forget the costs associated with actually getting the baby here: hospital rooms and parking. If you have a health plan through work, you may be covered for semiprivate room. If not, you may have to settle for sharing a room with a lot of other crying babies. And don’t bank on being in hospital for only one day. If there’s any complication with baby, you’ll be “living” at the hospital until baby can come home. Don’t add financial stress to your already over-stressed life. The arrival of your newest family member should be a time full of joy and excitement. But you can’t expect things to run smoothly if you’re a dope and don’t do some planning. People like to say they didn’t have any time to plan… that they were “surprised” by baby’s arrival. You’re kidding me, right? Nine (I actually think of it as 10) months isn’t enough time to figure out how you’re going to cope? Or maybe it’s that you don’t want to have to face some hard truths. Well, you have a baby to consider now, so it’s time to wake up and smell the poop!

26 New home & condo guide SWO | august 17 - 31, 2013

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DISCOVER OUR TOP 10 REASONS TO BUY AT EBY ESTATES WHY EBY ESTATES? WE’VE COMPILED A TOP 10 LIST. Visit our Discovery Centre to learn how our quality-built homes and master-planned community compares with other builders. You’ll see the advantage of receiving incredible upgrades and features that go beyond industry standards. FOR THE MONTH OF AUGUST, RECEIVE OUR SPECIAL INCENTIVE PACKAGE: $5,000 in free upgrades.

KITCHENER Conestoga Parkway

Homer Watson

Bleams Rd.

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LEARN MORE AT:

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williamsburghomes.ca

*Incentive package: up to $5000.

Isaiah St.

Gravel Ridge Trail

Fischer-Hallman

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7/8

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or 519.208.5834

HWY #8

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401

LONDON

TORONTO

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*Prices and specifications subject to change. See sales representatives for more details. | ENERGY STAR is administered and promoted in Canada by Natural Resources Canada. Used with permission. August, 2013.

27

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inthenews

HHHBA raises $2,500

for Mohawk College Bursary

Members of the Hamilton-Halton

Home Builders’ Association (HHHBA) recently helped raise $2,500 for the Mohawk College Bursary Program at the association’s second annual charity summer barbecue. Hosted at Carmen’s Premier C Hotel, the annual barbecue was a great success. More than 100 members, along with teachers and students of Mohawk College, attended the event, enjoying the beautiful weather, great food and fantastic prizes. The money raised will go towards assisting the most deserving graduates of the construction and renovation technician programs at Mohawk College, in order to help students launch their own construction or renovation company. The next award recipient will be revealed next April at the Mohawk College Meet the Grad event. Last year’s bursary funds were awarded to Chris and Jason Ford, two brothers from Brantford. Chris and Jason both left long-time jobs at Ford in Oakville to pursue their dreams of working and renovating together. The brothers plan on using the bursary to start up their own company called Ford Brothers Construction. Mathieu Langelier, HHHBA’s executive officer commented: “Giving back to the community is essential to our association, and when I see past winners of this bursary along with other Mohawk College students, teachers and grads at this event, it really shows the value of what we are doing here.

Mohawk College gives its students excellent training, and we complement this by giving them access to our network of members and their business knowledge. This will help them tremendously to start their own successful companies. “The bursary provides great financial aid for graduates who are just starting their careers. The HHHBA is very proud to support the future of our industry and would like to thank everyone who came out and made this event possible.”

28 New home & condo guide SWO | august 17 - 31, 2013

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hamilton halton niagara

New Home

watch

BUILDERS: If you would like to include your new model home or site opening, email wayne.karl@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide!

preview registration augustine group St. Catharines | Port Place Construction starting soon at this waterfront condominium at Port Dalhousie in St. Catharines. portplacecondos.com carriage gate homes Ancaster | Legacy Coming soon – register now for an outstanding collection of stylish and sophisticated singlefamily homes nestled in an intimate enclave off of Lime Kiln Road. carriagegatehomes.com dawn victoria homes Ancaster | Evergreens on Southcote Pre-construction pricing ends soon for these custom bungalow, bungaloft and two-storey home designs on 42- and 50-ft. lots. dawnvictoriahomes.com rosehaven homes/Homes by Desantis/CDI developments Ancaster | Tiffany Hill Coming soon – Phase 2 release of towns and singles this fall. tiffanyhill.ca rosehaven homes/ homes by desantis Stoney Creek | On the Ridge Coming soon to the mountain – towns, semis and singles. liveontheridge.ca ljm developments Burlington | Appleby Gardens Now selling – pre-construction pricing on condos starting from $229,000. applebygardens.ca branthaven homes Grimsby | Bravo-by-the-Lake Coming soon – affordable lakeside condos from the $170’s. branthaven.com ADI Development Oakville | Link Condos + Towns Register now for this modern condo community on Dundas at Sutton, adjacent to Bronte Provincial Park. adidevelopments.com forest park homes Fonthill | The Village Landing Pre-register for Fonthill’s newest community – single-family homes and village homes. thevillagelanding.com

TOBYN park homes Stoney Creek | Stoneywood Park Coming this fall – detached homes and townhomes, on-site greenspace, easy access to highways, conservation area and other amenities. stoneywoodpark.com

Ancaster Beamsville Binbrook Brant Brantford Burlington Catharines Grimsby Hamilton Milton

Niagara Oakville Paris Port Dover St. Catharines Stoney Creek Vineland

mountainview homes Fonthill | The Residences at Lookout Second phase now open – new bungalow collection on 50-ft. lots. mountainview.com

rosehaven homes Mount Albert | Victoria Highlands Coming soon – 50-ft. detached homes. rosehavenhomes.com

bucci homes Grimsby | Bliss Two-storey freehold executive towns located near 50 Point Conservation Area, priced from the mid $260’s. buccihomes.com

new horizon homes Bronte | Harvest Coming soon – register now for these luxury freehold townhomes backing onto Bronte Provincial Park. newhorizonhomes.ca

Augustine Group Stoney Creek | Treviso Select suites still available at this condominium in downtown Stoney Creek – including corner units and penthouses. trevisostoneycreek.ca

new openings

new releases

Empire communities Niagara Falls | Imagine Grand Opening of this master-planned community in the heart of Niagara. empirecommunities.com

branthaven homes Grimsby | Wave Condos Final phase of affordable lakeside boutique condos in Grimsby. branthaven.com

spallacci homes Hamilton | Eden Park Grand Opening of Chateau-inspired semis collection. spallaccihomes.com

empire communities Stoney Creek | Victory New release of two-storey townhomes from $269,990. victoryempire.com

branthaven homes Binbrook | Celebration Grand Opening of this two-storey townhome collection in Binbrook’s only forest-edged lots. branthaven.com

Rosehaven homes Chippawa | Lyon’s Creek Coming soon – model homes plus new release of 50-ft. detached lots. rosehavenhomes.com

mountainview homes Welland | Harvest Estates New model home grand opening at this community of single-detached homes. mountainview.com homes by desantis Niagara Falls | Lyon’s Creek Summer closings are available in this community of detached two-storey homes, as well as bungalows and bungalofts. homesbydesantis.com phelps homes Grimsby | The Bedford Collection Model home now open at this private enclave of 28 bungalows a short walk from downtown Grimsby. bedfordcollection.ca

Rosehaven homes Thorold | Gibson Heights Coming soon – new release of towns and model homes. rosehavenhomes.com spallacci homes Hamilton | Eden Park Phase 4 release of exceptional 32and 40-ft. lots. spallaccihomes.com Mattamy homes Oakville | The Preserve Now open – a new release of village homes and 34-, 38- and 45-ft. detached homes. mattamyhomes.com CountryGreen homes Waterdown | The Uptowns of Waterdown New release of freehold back-to-back towns from the mid $200’s. countrygreenhomes.com august 17 - 31, 2013 | New home & condo guide SWO 29

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30

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Paris

Port Dover

Binbrook

Grimsby

Georgetown

Caledon

Smithville

OAKVILLE, BURLINGTON, HAMILTON, ANCASTER, PARIS, BRANTFORD, STONEY CREEK, VINELAND, LINCOLN, THOROLD, FONTHILL, NIAGARA, NIAGARA-ON-THE-LAKE, FORT ERIE

Halton / Hamilton / Wentworth / Niagara:

Thorold

Welland

Fonthill

Ridgeway

Stevensville

Chippawa

Fort Erie


De t. Se m Bu i ng To alo wn w h Ad ome u l /C t L on ife do sty le

PRICES PAGE

Ancaster

DAWN VICTORIA HOMES

Evergreens on Southcote

from low $400's

49

Ancaster

ROSEHAVEN HOMES

Tiffany Hill

from $480's

55

Beamsville

HOMES BY DESANTIS

Lincoln Square

• •

from $249,900

11

Binbrook

BRANTHAVEN HOMES

Celebration

from $246,990

13

Brantford

EMPIRE COMMUNITIES

Wyndfield

• • from $196,990 2&3

Burlington

EMERY CONDOMINIUMS

Appleby Club

from mid $200's

59

Burlington

TOBYN PARK HOMES

ParkCity

from the $180's

53

Caledon

MONARCH

The Village of SouthFields • • from high $300's 44&45

Chippawa

ROSEHAVEN HOMES

Lyon's Creek

Fort Erie

from mid $200's

34

PARK LANE HOME BUILDERS Garrison Village

• •

from the $250's

54

Georgetown

MENKES

The Enclaves of Upper Canada

from low $400's

33

Grimsby

BUCCI HOMES

Bliss • from mid $260's 41

Grimsby

BRANTHAVEN HOMES

Wave • from $170's

Hamilton

EMPIRE COMMUNITIES

Summerlea

Hamilton

NEW HORIZON

Harvest • from $179,990

Hamilton

SPALLACCI

Eden Park

Niagara

12

• from $279,990 2&3

39

from mid $300's

40

PARK LANE HOME BUILDERS North Ridge Meadows

• •

from the $250's

54

Niagara

PHELPS HOMES

Brookside

• • •

from mid $200's

38

Niagara

PHELPS HOMES

Harvest Heights

• •

from $270's

38

Niagara

PHELPS HOMES

Streamside

• •

from mid $300's

38

Niagara Falls

EMPIRE COMMUNITIES

Imagine

• •

from $189,990

3

Niagara, Fonthill

FOREST PARK HOMES

The Village Landing

• •

from $249,900

51

Niagara on the Lake BW HOMES

Niagara on the Green

• • •

from $200's

Oakville

MENKES

Millstone • from $309,990

Port Dalhousie

AUGUSTINE GROUP CORP.

Port Place

from $297,990

47

St. Catharines

BW HOMES

Victoria Village

• from $289,900

4

St. Catharines

COSMOPOLITAN HOMES

Vintner Estates

Stevensville

PARK LANE HOME BUILDERS Village Creek

Stoney Creek

AUGUSTINE GROUP CORP.

Treviso • from $249,900

35

Stoney Creek

BRANTHAVEN HOMES

Paramount

• • from $284,990

13

Stoney Creek

ROSEHAVEN

On The Ridge

• •

55

Thorold

GREAT GULF

Rolling Meadows/Edgewood • from $299,990 78&79

Thorold

ROSEHAVEN HOMES

Gibson Heights

• • from $240,000's 55

Waterdown

COUNTRY GREEN HOMES

The Uptowns of Waterdown

7

Welland

MOUNTAINVIEW HOMES

Harvest Estates

• • from $220's

9

• from $259,990

• •

from the $250's

5 32

57 54

OAKVILLE, BURLINGTON, HAMILTON, ANCASTER, PARIS, BRANTFORD, STONEY CREEK, VINELAND, LINCOLN, THOROLD, FONTHILL, NIAGARA, NIAGARA-ON-THE-LAKE, FORT ERIE

SITES

Halton / Hamilton / Wentworth / Niagara:

Port Dover

LOCATION BUILDERS

31

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32 NEW HOME & CONDO GUIDE SWO | AUGUST 17 - 31, 2013

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AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 33

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Live the Niagara

the Welland - rosehaven homes

LifestyLe

Come tour our

7 model homes today!

Get more out of life when you own at Lyon’s Creek in the fabulous Niagara region with so much to see and do. Tour the wineries, visit the sights, golf, boat, hike and more. You’ll wonder why you didn’t move to Lyon’s Creek sooner.

Mann St.

NIAGARA RIVER

St. Main P o

Sodom Rd.

s Lyonk Rd. Cree

To Falls

Marineland Pkwy

Chippawa McLeod Rd.

rta

ge

Rd

.

MODELS & PRESENTATION CENTRES

Fort Erie

the Berkshire - homes by desantis

50’ & 45’ Detached, Semis & Townes starting from the mid $200’s. Visit our Model Homes and Presentation Centres today and see just how easy it will be to start Living the Niagara Lifestyle! sales offiCe hours:

mon - Wed: 2pm - 7pm; sat, sun & hol. 11am - 5pm

homesbydesantis.com 34

034-Rosehaven-Lyons Creek 07-20-13.indd 34

Presentation Centres and Model Homes on Mann St. off Sodom Rd. just south of Lyon’s Creek Rd.

LyonsCreekChippawa.com

rosehavenhomes.com

Prices and specifications correct at press time. E. & O.E. Prices quoted are in $ thousands.

8/14/13 5:08 PM


TREVISO Condominiums

• • • • • • •

A contemporary 7-storey building Architectural facade of stone, brick and stucco Elegant, carefree living at an affordable price A stunning array of suite designs,to select from An established neighbourhood Easy walking distance to shopping Close to highways and public transit On e & T w o B e dro om S u i t e s , M a n y w i t h Dens

Starting from

905-662-6666 • trevisostoneycreek.ca *Prices, plans, specifications and bonus’ are subject to change without notice. E and O.E.

GRAN-TRE-A-AD-NHC-SW-MAY8-3.indd 1 035-Augustine-Treviso 05-11-13.indd 35

QEW

Hwy. 8

Barton St. E. Green Rd.

PRESENTATION CENTRE 319 Hwy #8 (Across from St. Francis Church) Open Saturday and Sunday 12-5pm

Lake Ontario

Lake Ave.

TREVISO

STONEY CREEK Centennial Pkwy.

249,900

$

Red Hill Valley P kwy.

BUY NOW IN MOVE Y EARL 2015

SE L E C T S U I T E S S T I L L A V A I L A B L E

Stoney Creek’s premier condominium is now over 50% SOLD but a fabulous choice still remains, including spacious penthouses and spectacular corner suites!

ONLY 5% DOWN*

BUY NOW MOVE IN EARLY 2015

CONSTRUCTION STARTING!

Artists concept.

St. King

Queenston Rd.

E.

35

13-05-08 3:57 PM 8/14/13 5:08 PM


communityfocus

The great escape

to wine country

location Smithville housing type Brookside on the Twenty Townhome and detached bungalows Streamside Executive bungalows, two-storey homes Harvest Heights Semi-detached and single-family homes sales centre Open Monday to Wednesday 1 to 6 p.m.; Thursday and Friday by appointment; and weekends and holidays from 11 a.m. to 5 p.m. contact 905.945.6978 | phelpshomes.com

I

t’s no surprise that more people are choosing to move to smaller town living in Southern Ontario to escape the stress and ever-more costly and more confining feeling of big cities and suburban sprawl around big cities. “We’re seeing families coming to Smithville from places like Etobicoke, Oakville, Burlington, Ancaster, Hamilton and Stoney Creek,” says David Wassmansdorf, vice-president at Phelps Homes. “They say they feel stressedout living in neighbourhoods just outside big cities, even though they originally moved there because those places promised to be tranquil.” Smithville, above Grimsby about halfway between Niagara and Hamilton, has appeal, he says, because homeowners can get up to 50-ft.wide lots on conservation land for far less money than many suburban areas, and be close to big cities amenities and wine country. Phelps Homes, the primary builder in Smithville, has been a prominent custom builder on the Niagara Peninsula for more than 35 years and is the recipient of countless awards including the Niagara Homebuilders’ Association 2012 Company of the Year. “People like the fact that we build homes in Smithville that have

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PHELPS HOMES

Multi-site

the construction quality and higher-end finishes of custom homes,” says Wassmansdorf. Buyers can choose from three communities in Smithville. Brookside on the Twenty includes elegant townhome bungalows starting at about $250,000 and detached bungalows up to 1,649 sq. ft. on 50-ft. lots backing on to conservation lands. Brookside homes feature front porches, stone and brick accents, large open-concept living, nine-ft. ceilings and beautiful designer kitchens. Streamside is a collection of executive bungalow and two-storey craftsman-styled family homes on 50-ft. lots from 1,360 to 3,097 sq. ft. that are priced from the mid $300,000s. Like Brookside, these homes feature leading designs and top quality finishes. Harvest Heights is a beautiful collection of singles on 50-ft. lots and stylish semis on 36-ft. lots, nestled in an established, quaint neighbourhood in Smithville. All three communities are close to schools, shopping and are on or near parks. Each community also offers “quick move-ins” for buyers seeking more immediate closing dates.

Site hours are Monday to Wednesday from 1 to 6 p.m.; Thursday and Friday by appointment; and weekends and holidays from 11 a.m. to 5 p.m. For more information, call 905.945.6978 or visit phelpshomes.com august 17 - 31, 2013 | New home & condo guide SWO 37

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COME ENJOY THE ORIGINAL SPRING FRESH SCENT IN SMITHVILLE.

Live the good life on up to 60’ lots in wine country. It seems like small towns have become big towns. Big towns are small cities. What if you could have the best of both worlds, and live just minutes from everything, yet wake up to the sound of, well, nothing. We’re talking beautifully crafted homes surrounded by wine country and farmers’ markets. Instead of traffic jams you’ll have conservation areas, bike trails and homemade pies just a hop, skip and a jump away. Starting to sound pretty good isn’t it?

BURLINGTON

EXIT AT CHRISTIE STREET

HAMILTON

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DETACHED AND BUNGALOW TOWNHOMES ON UP TO 50’ LOTS STARTING IN THE MID $200s

38

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

038-Phelps Homes 03-30-13.indd 38

DETACHED AND SEMI-DETACHED HOMES ON 50’ LOTS STARTING IN THE $270s

NIAGARA

SMITHVILLE

BUNGALOW AND TWO-STOREY HOMES ON 50’ & 60’ LOTS STARTING IN THE MID $300s

1.877.526.5451 | PhelpsHomes.com

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SALE OFFICE HOURS Mon. – Thur. 2-7pm Friday by appointment Sat. & Sun. 12-6pm 41

8/14/13 5:09 PM


communityfocus

Empire launches Imagine sales centre to great fanfare Excitement builds for Niagara’s newest community

E

mpire Communities has officially launched the Imagine Centre in Niagara Falls. Excitement has been building for the new master-planned community – the most significant ever launched in the Niagara Region. Imagine boasts a range of different living styles, including large and small single-family detached homes and townhomes. “The excitement around Imagine is now palpable,” says Paul Golini, executive vice-president of Empire Communities. “When you consider all the community has to offer, it’s not surprising. There truly is a home suited to every style, every need and every dream.”

location Niagara Falls housing type Freehold townhomes, bungalow and two-story detached homes contact empirecommunities.com/ communities/imagine

42 New home & condo guide SWO | august 17 - 31, 2013

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EMPIRE COMMUNITIES

The vibrant homes of Imagine offer ideal options for a variety of families, from empty nesters and retirees to young families and second-home vacationers. Freehold townhome designs range from 1,008 to 1,665 sq. ft. and are priced from $189,990 to $236,990. Prestige freehold Park townhome designs include homes ranging from 1,247 to 1,586 sq. ft. that are available from $212,990 to $246,990. Meanwhile, detached homes – in twostorey and bungalow styles – are available on a wide range of lots sizes, from spacious 30-ft. to expansive 46-ft. lots, with homes sizes from 1,178 to 3,619 sq. ft. Prices start at just $214,990. Every home at Imagine features a striking live-in kitchen. For those who favour modern design, your contemporary live-in kitchen will feature a mix of cool and bright tones with specialty elements such as frosted flip-up cabinets and an open cabinet above the fridge, Aluminedge cabinet detailing and stainless steel handles on the cabinets, as well as freestanding floating shelves giving the modern kitchen a customized feel. Empire has also designed a more traditional live-in kitchen to satisfy the more traditional tastes. Ask the sales representative for all the details. But Imagine is so much more than what is inside your new home. There’s a world to explore beyond your front door, comprised of several neighbourhoods. The Waterside neighbourhood offers the perfect setting for relaxing family strolls and for admiring sunsets from The Imagine Gazebo. The Woodside neighbourhood is one place you’ll be happy to call home if you have ever wanted to live next to an untouched forest. The Trailside neighbourhood serves as the perfect spot to enjoy a walk or to commune with nature. The Parkside Neighbourhood offers you plenty of active space, including large fields and a playground. The Promenade neighbourhood makes life easier for busy families, with shopping within walking distance. And the Amphitheatre is a place for friends and family to gather and enjoy a music or theatre performance during the warm summer months.

Imagine

Empire is introducing the power of renewable, eco-friendly geothermal technology to Imagine. Geothermal energy can save homeowners up to 80 per cent in total heating and cooling costs over traditional home energy costs. Drop by our sales office and learn more about this incredible cost saving technology. In addition, as part of Empire’s commitment to sustainability, every home in Imagine will be built to Energy Star standards, a trail-blazing Green initiative for this master-planned Niagara community. Empire will also have a selection of other Green options for residents to choose from. The community, in fact, will set the standard for sustainable living in the region. Imagine is the ideal combination: Your dream home is nestled in the pristine natural environment and built to the highest Green standards. To learn more about the exciting new community of Imagine, visit empirecommunities.com/communities/imagine or stop by the Imagine Centre and tour our three fully decorated model homes. august 17 - 31, 2013 | New home & condo guide SWO 43

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THE VILLAGE OF SOUTHFIELDS. AN ESTABLISHED COMMUNITY. AN EXCEPTIONAL OFFERING. 43' Singles and Two-Storey Towns Discover an established masterplanned community in the heart of Caledon. Come home to The Village of SouthFields. Innovative floorplan designs include expansive 43' Singles with lofts and twostorey townhomes. Experience Caledon’s community, where charming family homes are delicately woven into an awe-inspiring fabric of neighbourhood parks, schools, protected parkland, trail systems and stunning greenspace corridors. 5 MODEL HOMES TO VIEW Like us on:

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MONARCHGROUP.NET 44

Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. *Square footage includes finished space in lower level. E.&O.E. August 2013. 22016.

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It’s never been a better time to buy a Monarch home. Enjoy incredible buyer incentives at all of our communities and make your dreams of a new home come true today.

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quicktips

Disciplined delegator

or

drill sergeant?

Hellen Buttigieg is a certified professional organizer, life coach, TV host, owner of We Organize U and author of the best-seller, Organizing Outside The Box. For tips on organizing your home, your office and your life, visit weorganizeu.com and sign up for the free newsletter.

by hellen buttigieg Whether you live alone or have a full house, there’s no

reason you can’t have organization. The difference is, when it’s just you on your own, it takes discipline, while when living with others everyone has to do their part. You should be able to teach organizational systems and delegate responsibilities so that everyone in the family has a part in keeping the house in order, whether it’s your spouse putting the mail and paid bills in the right folders or the kids putting their toys back in the right place. You shouldn’t have to be the drill sergeant – repeating the same requests week in and week out. Everyone needs to learn to do their part and work together to keep the house in top shape. The “go-to” bin Provide a personalized “go-to” bin for each member of the family for things that don’t belong in the room. It keeps items together but out of sight until they’re returned to their proper place. Reserve a few minutes every day, perhaps before dinner, to do the “dash.” Each person empties his or her bin by returning the contents to the right place. The “in-box” Complementing the “go-to” bin, create a family mail centre to manage paper flow. Create in-boxes for each member of the family. These can be anything from wall-mounted pockets to magazine holders on a shelf. Keep them easily accessible. When paperwork comes into your home, sort it into each family member’s box. Items that need to be signed for school go into a parent’s box.

You should be able to teach organizational systems and delegate responsibilities so that everyone in the family has a part in keeping the house in order, whether it’s your spouse putting the mail and paid bills in the right folders or the kids putting their toys back in the right place.

Someone else’s clutter got you down? We’ve all heard that opposites attract, but if your partner’s organizing style is drastically different from yours, it can be frustrating for both of you. Before you are tempted to try and change your behaviour (or his/hers), keep in mind that the change will be short-lived if you are getting organized for someone else’s approval, but will last if you do it because you value the relationship. Has your dining room table become a dumping ground? In many homes, seldom-used flat surfaces often become drop zones for mail, books and any other items that don’t have a home. To save your table from becoming a breeding ground for clutter, bring out the china and silverware and set it for a formal dinner. It will be nicer to look at than a mountain of C O N T I N U E D on p a g e 5 0 . . . 48 New home & condo guide SWO | august 17 - 31, 2013

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Where style meets function. COME TOUR OUR 2 NEWLY DECORATED MODEL HOMES. NOW OPEN. Custom bungalow, bungaloft and 2-storey home designs on 42’ & 50’ lots. Fifty-seven homes are only minutes from olde Ancaster and its shops and boutiques, while new adventures in the city or country await. Designed for you, your family, your life – everything you’ll ever need.

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q u i c k t i p s | C ON T I N U E D

Clear a shelf in a bookcase near the back entrance and designate the area as a special place to corral items each family member must have to leave the house. clutter and will actually prevent people from piling their possessions on it. Leave the house with everything you need Clear a shelf in a bookcase near the back entrance and designate the area as a special place to corral items each family member must have to leave the house. For kids, it will serve as home to permission slips, lunch boxes, homework, library books and projects. For adults, it will hold handbags, briefcases, car keys and dry cleaning. Add a different-coloured plastic dishpan for each family member or use attractive square baskets clearly labeled with each person’s name. When family members come home, they can toss their belongings into their basket until they need them again the next morning. His and hers filing systems minimize conflict If you share a filing system with your spouse, how’s that working for you? Often, couples have different organizing styles. To keep the peace, consider having separate filing systems. If you pay the household bills, keep those documents in your filing system and if your partner takes care of household repairs and receipts, they can keep track of that in their own filing system. Another option is to acknowledge your differences and assign the task of filing and retrieving documents solely to the person who is most comfortable with it. On schedule Keep a family calendar to keep track of everyone’s activities. Designate a central location where everyone can see it. Let each family member choose a colour and have each person enter their activities (if they are old enough) on the schedule using their colour. Preparation Reduce stress and frustration in the mornings by preparing the night before, when you’re not feeling as rushed. Decide what you are going to wear, make sure it’s clean and pressed, and lay it out with any accessories you plan to wear with it. It only takes a few minutes but will save you so much time and aggravation in the morning. Encourage your spouse and children to start this habit too, and enjoy more morning time. 50 New home & condo guide SWO | august 17 - 31, 2013

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finances

Stress-test your mortgage to ensure your housing costs remain affordable down the road STRESS-TESTING

YOUR

MORTGAGE

IS

IMPORTANT

TO

ENSURE

your housing costs will remain affordable down the road, according to BMO Financial Group. Choosing the right mortgage to fit your specific needs and particular situation is a critical part of the homebuying process. However, it’s important to stress-test your mortgage regularly to ensure that your housing costs remain affordable both in the near and long-term future. “Regardless of the current low interest rate environment, it’s a good idea to be prudent and regularly stress-test your mortgage against a higher rate to Experience and Value ParkLane Home! ensurethe youQuality can manage a riseof inacosts as a result of any potential interest rate increases down the road,” says Frances Hinojosa, 3244 Charleston Dr. - Ridgeway mortgage expert, BMO or Dominion take QEW exit at Bank of Montreal. “ThisOffisBarrington one way to help Canadian homeowners prepare Sodom Road - take Rt. 116 to Ridgeway. for any potential rise in interest rates.” OPEN HOUSE Hinojosa adds that choosing a &shorter amortization allows Canadians to SATURDAY SUNDAY 1 - 5 pm save thousands on interest costs over the life of their mortgage and begin $ building equity sooner. only

Niagara’s Best Value 287,000.

Stress-testing your mortgage is important to ensure your housing costs will remain affordable down the road, according to BMO Financial Group. BMO offers a number of products and services that can help Canadians get more out of every dollar they spend. For more details, drop by a BMO branch or visit bmo.com

Visit our remarkable 1485 sq. ft. bungalow in beautiful Ridgeway;

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54 NEW HOME & CONDO GUIDE SWO | AUGUST 17 - 31, 2013

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current communities Chippawa/Niagara 50’ Singles & 35’ WIDE Bungalow Loft Townes from the low $300’s Sodom Rd. & Mann St. 5 Models Now opeN

Thorold 45’, 40’, 36’ Singles, Semis, Attached Singles & Towns from the $240’s Move in this Summer on Select Towns & Attached Singles Richmond St. & Winterberry Blvd. 8 Models opeN

coming soon SToNey Creek 40’ & 35’ Singles and Semis Mud St. & Upper Centennial Pkwy. CoMiNg early 2014 register at liveontheridge.ca

aNCaSTer - phaSe ii 45’ Singles and Introducing Freehold Towns Garner Rd. & Raymond Rd. CoMiNg early Fall 2013 register today at Tiffanyhill.ca

Also building communities in Waterdown, Oakville, Brampton, Kleinburg & Nobleton.

Call our hotline or visit us online for complete directions, hours, community information for all our projects:

rosehavenhomes.com (1-888 / 416) 410-0175

Prices and specifications correct at press time. E. & O.E. Prices quoted are in $ thousands. AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 55

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VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

Now you can view all New Home & Condo Guide magazines online using any smartphone, tablet or desktop device.

NEWHOMEANDCONDOGUIDE.COM Published by

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THE BEST NEW HOME VALUE IN NIAGARA!

at its very best in their newest residential community — Vintner Estates.

Located just steps from fine shopping, dining and more in St. Catharines’ desirable North End, this intimate enclave neighbourhood

takes full advantage of an unbeatable location that’s in the centre of it all.

Bungalow and Two-Storey Townhomes

259,990

$

from

• Soaring 9 foot main floor ceilings • Gourmet kitchens with island breakfast bar • 1 and 2 car garages with direct house access • Great Rooms with available gas fireplaces Presentation Centre: 5 St. Paul Crescent, St. Catharines

SITE LOCATION

lton

Car

St. nd

lla We

905-687-9229

. Ave

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invites you to discover townhome living

• Bungalow and two-storey designs

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2C-1001 NHG SWO FPFC Vintner 30.7.13.indd 1 057-Cosmopolitan 08-17-13.indd 57

57

8/1/13 9:36:29 AM 8/14/13 5:09 PM


finances

Assess your readiness for

homeownership First-time

buyers

have a

lot

to

consider

as they forge into the world of homeownership. According to the recent RBC Home Ownership Poll, four in 10 Canadians are looking to purchase their first house within the next two years, and many wonder where they should begin. “Purchasing a home is often the biggest financial decision in a person’s life, so it’s important to take your time, set realistic goals, assess all the costs and get the right advice before you buy,” says Rachel Wihby, a strategy manager for first-time homebuyers at RBC. Take a look at her answers to the most commonly asked questions: 1. Am I ready? A home purchase is an emotional and financial journey that marks a key milestone in life. Are you ready for the responsibilities and upkeep associated with owning a home? Do you have a stable income? Have you saved up enough for a down payment? Be honest with yourself about your current lifestyle to gauge your readiness and ability to put together a good down payment. 2. Can I afford it? While you may feel pressure in a competitive market to just buy something, fight that feeling and buy only when you find a property that meets your needs and lifestyle within your price range. Review your household income

Purchasing a home is often the biggest financial decision in a person’s life, so it’s important to take your time, set realistic goals, assess all the costs and get the right advice before you buy. and current debt and remember to budget for closing costs, land transfer fees, property tax and everyday expenses. Talk to your bank about a mortgage preapproval so you know exactly how much you can borrow and afford. 3. Who can help me? Most often, first-time homebuyers turn to family and friends who have already been down the same road. Your realtor or banker can help you get a sense of the market and financing options. Arming yourself with more information and planning ahead can help you confidently navigate this first time journey so you can land the home of your dreams. More information is available online at rbcroyalbank.com/mortgages/first-time-home-buyers

58 New home & condo guide SWO | august 17 - 31, 2013

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finances

Not all new couples

honest about financial baggage

TD Canada Trust asks dating expert Christine Hart for advice on how couples can discuss a less-than-perfect financial past avoiding tough money topics altogether can be dangerous,” says Hart. “As the relationship grows, so too should the conversations about future goals and finances.” TD Canada Trust and Hart provide advice to couples on how and when to have the difficult conversation about money:

It’s not unusual to bring baggage into a new relationship,

and financial baggage such as a persistent credit card debt or lingering student loan is no exception. Interestingly, research from TD Canada Trust, shows one-in-five Canadian couples (22 per cent) admit they are not always 100 per cent honest with their partner about their spending and saving habits. No need to check into couple’s therapy yet – TD and dating guru Christine Hart have some advice to help start the conversation. “Financial baggage is not uncommon; we all have independent financial lives before we enter into a relationship and that can include old student loans, a tarnished credit rating or on the flip-side a healthy RSP or savings account,” says John Tracy, a senior vice-president at TD Canada Trust. “Opening up about finances can be hard, especially at the start of a new relationship, but it is vital couples have honest conversations in order to build a solid financial future together.” Dating expert Christine Hart agrees that couples need to be honest about any baggage – financial or otherwise – they bring into a relationship. Open communication is crucial in determining compatibility with a potential partner. “Going through a recent credit card statement over cocktails is certainly not the most romantic way to approach a first date, but

1. When to have “the talk” Money generally comes up in conversation around the third date, according to Hart. This could be a mention of who is picking up the dinner cheque or covering the candy tab at the cinema. By the sixth date, couples should have an informal conversation to assess their date’s financial personality – is he or she a penny pincher or shopaholic, risk taker or security seeker?

Going through a recent credit card statement over cocktails is certainly not the most romantic way to approach a first date, but avoiding tough money topics altogether can be dangerous. As the relationship grows, so too should the conversations about future goals and finances.

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e

Combining finances requires complete openness. Couples shouldn’t hide debts or spending splurges from each other, or it will create a lack of trust which can trickle into other areas of the relationship. “Bring up your own relationship to money first to create a sense of ease around the topic, and then ask if your date can relate,” says Hart. “Even a simple discussion about upgrading a gym membership or cutting back on lunches out can help get feel for someone’s spending habits.” 2. How to delve deeper into the big ‘debt reveal’ When to have the deeper debt discussion depends on the couple, their age and the nature of their relationship, but couples should not wait until they are signing a lease or picking an engagement ring. “When couples are ready to have the debt talk, they should be can provide many benefits, such as prepared to ask and answer much more direct questions,” says Hart. tracking spending, building a credit “For example, ‘I was talking to my advisor today, and they said I only history and can help save money on travel have a few months to go before paying off my student loans. How about down the road.” you? Where are you in terms of paying off any debts?’” Debt doesn’t have to be a deal-breaker, according to Tracy. “Believe 4. Popping the ‘joint finances’ question it or not, some debt can actually help people achieve financial goals,” Hart says most couples say ‘I do’ to joint says Tracy. “For example, an RSP loan used to help maximize any finances, in some capacity, when they unused RSP contribution room could be considered good debt. What move in together. “Combining finances matters is that debt is used responsibly and there is a plan in place to requires complete openness. Couples pay it back.” shouldn’t hide debts or spending splurges from each other, or it will create a lack of 3. Addressing money mismatches trust which can trickle into other areas of If one person is saving for a rainy day but their date is thinking about the relationship.” Tracy suggests having a formal the next big shopping adventure, the relationship may be headed for some challenges, but Hart warns against walking away at the first sign conversation to set ground rules and of cash conflict. develop a joint financial plan. “There are “We can be too quick to dismiss potential partners these days; values many benefits to joint finances, but it’s about money are far more important than what exists in someone’s bank also important that couples set personal account on the first date,” Hart says. “If there is an issue, start with a financial goals outside of those they have compliment and try to track the issue back to values instead of criticizing, with their partner,” Tracy says. “For patronizing or blaming each other.” example, many couples share a joint bank For example, a wallet full of cards doesn’t necessarily mean a date is account to pay household bills, but a spendthrift or debt-monger. “Carrying a balance on a credit card to establishing a second bank account, such fund short-term lifestyle spending may set off a red flag,” says Stephen as a high interest savings account, can Menon, associate vice-president, credit cards, TD Canada Trust. provide a sense of autonomy and “However, using a travel rewards credit card and repaying it promptly responsibility when it comes to saving.”

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themortgageminute

IS A VARIABLE RATE MORTGAGE

right for you? by PETER KINCH the lack of profitability on the variable rate industry have led to various lenders reducing mortgages with such high discounts. In the the discounts they previously offered on vari- meantime, what seems to have been lost in able rate mortgages (VRMs), effectively the conversation was the fact that the bond making VRMs a little less attractive than they yields had been steadily dropping for months. were in the past. This, in turn, led to an increase in the profitWhy have lenders increased the cost of ability on long-term rates. taking a VRM in today’s market? Well, the So while most of the country’s media official reason offered by the banks was that focused on reporting about the fact the Bank there was a lack of liquidity in the markets of Canada (BoC) will not likely be moving rates and the cost of borrowing had increased. soon, no one was drawing attention to the fact Now, of course, we’ll all have to take their that the banks’ profit margins were steadily word on that since the average Canadian does rising as the bond yields dropped. Lenders were not have access to the inner workings of a making significantly more profit on a five-year chartered bank and the true costs of borrow- term than they were selling variable rate morting it incurs. gages with full discounts. But I do know one thing for certain, given Let me ask you a simple question: if you the limited exposure that I have, is that many were running a business that had two products, lenders had been grumbling for months about and one of them was very profitable and one RECENT CHANGES IN THE MORTGAGE

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of them broke even or lost money, which would you promote? The end result is that banks would like you to take a five-year fi xed rate mortgage and are now making it more attractive for you to do so. By the numbers – changing spreads and changing guidelines Talking about the price of a five-year mortgage and the spread on the bond yields can be very confusing for the average Canadian. Since most people don’t understand it, the media tends to avoid writing about it. As a result, some glaring discrepancies go unreported and questions remain unasked. Let’s start with some basics: ›› A bond yield and a bond price have an inverse relationship. Don’t worry about trying to understand that – you simply need to know that if the bond price goes up, the bond yield goes down and vice versa. ›› Canadian banks and lenders use the bond yields to determine their “spread,” or profitability. ›› They like to keep the spread to a certain range. For example, five years ago, the spread would be between 90 and 130. That means you take the five-year mortgage rate (say four per cent) and subtract the current five-year bond yield (say 2.95) and the difference should be between 90 and 130. If the difference is below 90, then that is a signal for banks to raise rates. If it is above 130, then they would lower rates. In the above example, 4.00 – 2.95 = 1.05, so that would indicate the rate is within the comfort zone and therefore not likely to move. Now let’s look at the way things are today: ›› Let’s assume a five-year bond yield is 1.66 per cent ›› And a typical five-year published mortgage rate is 3.59 per cent ›› 3.59 – 1.66 = 1.93 Based on the numbers that were used five years ago by the chartered banks, a spread of 1.93 would be .63 over the comfort zone – meaning very profitable – and a signal to lower rates (arguably to as low as 2.96 per cent for a five-year term). However, lenders are no longer using the same model for spreads. In fact, due to (and I quote) “the uncertainty in the bond market is forcing a wider than normal margin until investors see some stability return” – the current range that lenders are going by is 1.75 and 1.95. As such, the spread of 1.93 for today’s interest rates is actually at the high end of the comfort zone, but still within range. Some lenders are offering a quick close special of 3.39 per cent, which puts the spread at 1.73 and therefore out of the comfort zone. Any increase in the bond yield will result in those rates increasing, not decreasing. Suffice to say, it would appear that the banks are making significantly more profit on five-year mortgages today than they did five years ago. But having said that – they also experienced the global credit crunch of 2008 and saw first hand the impact to global banks when liquidity in the markets disappeared. And although we complain about the profitability of the chartered banks, it was this very fact that made them the envy of the world when their counterparts in other countries suffered. With ongoing credit and financial issues in Europe and the United States, perhaps the Canadian banks are wise to shore up their coffers while they can. In the meantime, the more investors flock to safe harbours amidst turmoil and uncertainty in the global markets, the more bonds they will buy. The more

they buy bonds, the higher the price goes and as such, the lower the bond yields go. Whether this will translate into lower mortgage rates for you is yet to be determined. And while we could argue that the long-term rates could go even lower or in fact that they should be lower, they are still the lowest they’ve been in a lifetime. So, whether you choose to take a variable with a lesser discount or today’s low long-term rate – one thing is certain: rates are low – if you have a mortgage or you’re planning to get one, take advantage of these low rates today and accelerate your debt reduction. Stability will eventually return to the markets and investors will eventually shift back to equities. When that happens, bond prices will drop, yields will rise and so too will your long term rates. In the meantime, enjoy them while they’re here.

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

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makeyourmove

AVOID COMMON

packing mistakes by dan hopkins

More

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million

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moved

residences in Canada last year, many of whom did the packing themselves. For some, it works out fine; others have problems resulting from a lack of foresight, poorly packed boxes and inexperience in loading moving trucks. Here are a few tips to help you avoid finding damaged items at your destination:

Dan Hopkins is Chief Operating Officer, Two Men and a Truck Canada. twomenandatruck.ca

Next, we create a “box wall” stacked to the ceiling to hold the items in the attic in place. We then stand plastic wrapped mattresses against the box wall and secure everything with tie-off straps to keep belongings from getting jostled during the move. If you’re not completely packed and ready on moving day, we can’t create that box wall early on and, this decreases the capacity of the items that can be moved at one time. It also eats up precious time, and therefore, money!

The most common packing mistake we see are people getting free 4. Think ahead. Begin packing items you don’t use daily. As boxes at the grocery or liquor store and then putting too you pack your boxes move them to the front of your much weight in them. For example, using a large box to pack apartment and stack them along a wall near the front door. books and magazines may make it too heavy to lift, and the Having them by the door, organized and ready to go, instead box might break during the move due to the weight. of having movers go back and forth to each room can shave Use this rule of thumb: the heavier the item, the smaller 10 to 20 seconds off the time for each box. Saving 20 the box. Be choosy about your boxes; free boxes from a seconds per box can save lots of time and money. grocery store that have been used to ship produce could   contain insect larvae that may transfer to your belongings. 5. Consider having your moving company pack for you. We are skilled, have more experience and have standard-size 2. Be realistic about the number of boxes you need. small, medium and large boxes that are designed to fit Depending on how long you have lived in your current into our trucks to create a perfect box wall for optimum location, you will most likely underestimate your boxes efficiency and safety. requirement. Often, we hear of renters who think 40 or 50 boxes will be enough, and then realize they need When it comes to moving, forethought goes a long way. upwards of 80, two days before moving day. Because your belongings mean a lot to you, take extra care when packing so that they arrive at your destination safely. 1. Consider purchasing boxes from your mover.

3. Start packing early and be completely packed when the movers arrive. Sometimes we arrive at a customer’s home and they’re not packed. There’s nothing more frustrating than trying to move customers’ belongings while they are attempting to shove items into boxes and we get in each others’ way. This also interferes with the optimal loading of the moving truck. We have a loading system where the first things we place in the truck are light items such as chairs, lampshades and cushions; we place these items in the “attic” (the area over the cab) of the truck. We can get lots of light items up there and they stay secure.

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cityfocus

Tillsonburg

Regional hub leaping into the future

T

hey say location, location, location is one of the primary considerations for real estate. And while at first glance Tillsonburg, a town of about 15,000 located in Oxford County, may not strike you as blessed with location, a closer look would certainly change your mind. Located about 50 kilometres southeast of London, Tillsonburg offers everything a homeowner wants in small-town Ontario, by bringing together surrounding rural serenity with all modern amenities, including hospital and schools, shopping and dining pleasures, plus much more. It’s a short drive from London International Airport, and the picturesque shores of beautiful Lake Erie.

The Tillsonburg area enjoys unusually temperate weather, too – perfect for gardening and enjoying outdoor activities, including golf. In fact, there are two golf courses within five minutes of your front door, and dozens more within a halfhour drive. Not far, either, is the downtown Tillsonburg Town Centre Mall, and Norfolk Mall in south Tillsonburg. Together, they offer more than 200 shops and services. There are also three medical clinics, home support services and an ultra-modern hospital. And just 35 minutes away is the city of London, home to two world-class hospital campuses.

Tillsonburg offers everything a homeowner wants in small-town Ontario...

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Indeed, although the town population is officially listed as about 15,000, the town is a regional hub for business, industry, health care, education, agriculture, government and emergency services which serves an area of nearly 225,000 people. Not bad for a community dating back to 1825 as a village catering predominantly to the logging and wood processing industries. In the mid-19th century, Tillsonburg took additional steps toward industrialization through further expansion into forest products. In the 1920s, major enterprises included milk and tobacco production and manufacturing of shoes, farm equipment and textiles. Fast-forward to the 1990s when the current downtown began to take shape with the construction of the Rotary Club Clock Tower, where residents gather to ring in the New Year. Tillsonburgâ&#x20AC;&#x2122;s adult-lifestyle residential focus began in 2001, with the Baldwin Place subdivision located on the western edge of the town â&#x20AC;&#x201C; a development that will have approximately 300 homes when completed. Other recent residential development includes the reurbanization of the former railway lands 73

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on Bridge Street East, which is the designed to showcase the opportunities Tillsonburg at a glance site of Tillson Landing condominium, available to our community through the first such highrise construction in broadband technology,” says Population more than a decade. Tillson Landing marketing coordinator Colleen 15,000 was completed in January 2006. Pepper. “It’s really intended to be a Major employers Automotive suppliers, The Tillsonburg Community jumping off point for investment in service industries, Centre was refurbished in 2004 with Tillsonburg’s economic ecosystem – agriculture renovations and expansion of the arena whether financial or otherwise. Average home prices and new recreation and health club “At this stage, the focus is May 2013: $229,618 May 2012: $206,463 facilities. Downtown also recently on inspiring and informing,” says welcomed big box stores such as Pepper. “But over time, we expect the Distance from Toronto 128 kilometres Canadian Tire, Shopper’s Drug Mart site will serve a networking function as Source Canadian Real Estate Association, and Staples-Business Depot, as well as well by connecting idea generators with Town of Tillsonburg expanded The Source store and Mark’s idea funders, and spawning creative PHOTOS Courtesy of the Town of Tillsonburg Work Wearhouse in the Tillsonburg new partnerships.” Town Centre Mall. The site includes a Community In terms of the local economy, Tillsonburg has been Dreams section, where visitors can suggest technologypositively impacted by General Motors’ CAMI assembly related projects they’d like to see happen in the community. plant in Ingersoll, about 20 kilometres north of the town, Facebook and Twitter pages provide additional opportunities which opened in 1986. Toyota’s plant in Woodstock, for ongoing dialogue and discussion. about 30 kilometres northeast, has had a similar spillover “As a municipality, we’ve made a strategic investment benefit for the town. in broadband infrastructure – one we believe will The area still has a strong agricultural base, with cash attract significant interest from outside the community,” crops, hog farming, milk production, tobacco, ginseng says Lessif. “However, we also want to make sure our and various tertiary crops. citizens understand the opportunities available to them Not content with relying on such history, and with through broadband. The more effective we are in an eye to further diversifying its economy, Tillsonburg is communicating those opportunities, the stronger our local pledging to leap into the future. In 2012, the Town of economy will become.” Tillsonburg launched a new campaign urging residents Developers, too, are investing in Tillsonburg’s future. to “jump into the digital economy.” Among the builders active in the town is Tillsonburg “With advancements in technology, there’s no reason Developments, which is building Baldwin Place, a a community like Tillsonburg can’t plug into the digital community of adult-lifestyle, single-detached custom economy as effectively as a city the size of New York,” says freehold bungalows. Mayor John Lessif. “But it will take conscious, coordinated Located just a short walk from downtown, Baldwin effort to make it happen.” Place boasts all-brick, single-detached bungalows starting A new initiative and website, taketheleaptillsonburg.ca, “is at $225,900. 74 New home & condo guide SWO | august 17 - 31, 2013

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76 NEW HOME & CONDO GUIDE SWO | AUGUST 17 - 31, 2013

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HomeBuyersâ&#x20AC;&#x2122; Resource Section You love the home, see what you can afford! Compare mortgage rates for your best deal Calculate your mortgage payments using the mortgage payment calculation chart

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August 10 - 24, 2013 Volume 13 Issue 14

HOW TARION HELPS INSIDEMAKING SENSE OF INSIDE THIS ISSUE NEW-HOME BUYERS THIS ISSUE MORTGAGE TERMS

CITY FOCUS: GRIMSBY A BEGINNER’S GUIDE TO & STONEY CREEK ARRANGING A MORTGAGE

MORTGAGE INSURANCE: WELCOME THE NEW YEAR DO YOU NEED IT? WITH A NEW ATTITUDE

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HOW TARION PROTECTS NEW-HOME BUYERS

SMALL-SCALE INFILL HOUSING IN OTTAWA

HANDLING WARRANTY ISSUES THE FIRST YEAR

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caLcuLate YouR mortGaGe Payments Interest rate

amortIZatIon PerIod

cHart fIGure

eXampLe: 5%

25 YeaRs

5.82

mortGaGe amount ÷ 1,000 (MORTGAGE AMOUNT $125,000)

125

montHly Payment

$

follow tHese stePs to see If you’ll QualIfy for a mortGaGe on YouR dReam home

01

05

Calculate the combined monthly before-tax income of you and your spouse.

Multiply this figure by the amount you need to borrow. Divide by 1,000.

02

06

Divide by three. This figure is the monthly payment you can afford to make on your home.

Add to this your estimated monthly heating costs and monthly property taxes.

03

07

Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

04

Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home. Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

80 new home & condo guide swo | august 17 - 31, 2013

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moRtgage paYment calculatIon cHart %

amortIZatIon PerIods

inteRest Rates

10 YeaRs

15 YeaRs

20 YeaRs

25 YeaRs

30 YeaRs

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

10.11

7.38

6.04

5.26

4.76

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34

5.25%

10.70

8.01

6.74

5.96

5.49

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 august 17 - 31, 2013 | new home & condo guide swo 81

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Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial 2.6

4 6.30op

2.94 6.30op

2.89 2.99 3.29 6.50op

3.54

Alterna Svgs/Alterna Bk 2.85

4 6.30op

3.05 3.09 3.09 3.24 6.30op

3.31

Bank of Montreal 3.1

4 6.30op

3.14 3.14 3.75 4.54 6.30op

3.59

Bank of Nova Scotia 3

4.55 6.45op

3.75 2.89 3.99 3.29 6.50op

4.99

Canadian Western Bank

4 6.45op

3.14 3.14 3.75 4.54 6.30op

5.14

CIBC 3 6.70op

3.09 3.14 2.99 3.29 6.35op

3.69

HSBC Bank Canada 3

2.7 3.95 3.13 4.99 6.35op

3.49

4.45 6.20op

ICICI Bank Canada

3.05

3.15

3.65

3.64

3.69

3.89

ING Direct

2.75

3

3

2.99

3.09

3.39

3.14 3.19 3.75 4.54 6.30op

5.14

Manulife Bank 3 4.45

3.25 3.3 3.4 3 4.00op

3.49

MonCana Bank

3.29

3.35

3.39

3.39

3.44

National Bank

4.4

3.14

3.14

3.75

4.54

3.69

6.70op

6.30op

Laurentian Bank n/a

n/a

Presidentâ&#x20AC;&#x2122;s Choice Finan

4.4 6.70op

3

3.49

3.79

3.14 3.14 3.75 3.39 6.30op

3.69

TD Canada Trust 3 3.09 3.14 3.65 3.29 6.30op TRUST COMPANIES

3.69

Royal Bank 3

Community Trust

n/a

Effort Trust n/a Home Trust Company

2.7

4 6.30op

3.15

3.19

3.29

6.5

3.14

4.45 6.30op

3.25 3.6 3.9 4.5 6.30op

4.95

2.89

3.65

2.94

4.54

5.14

3.95

2.79

3.09

3.39

Investors Group Trust n/a

4.2 6.50op

3.14 3.14 3.75 4.54 6.30op

5.14

MTCC 3

4.55 6.45op

3.75 2.89 6.50op

3.99

3.29

4.99

Airline Financial C.U. 4

3.01 3.1 6.25op

3.33

3.65

3.99

Comtech Credit Union 2.79

6.6 8.40op

2.99 3.25 3.29 3.19 9.00op

3.14

First National Fin. LP

3.95

OTHER FINANCIAL INSTITUTIONS

3.24

3.49

FirstOntario C.U. 2.7 6.34op

3.09 3.14 3.34 3.19 6.34op

3.39

London Life n/a

3.14 3.14 3.75 4.54 6.30op

5.14

Luminus Financial 2.95

2.96 3.95

3.05

3.35

MCAP 2.7

3.6 3.95 4.35 4.89 7.00op

5.14

Meridian Credit Union 2.85 4.45

3.1 3.14 3.55 3.19 6.30op

3.29 3.25

4.2 6.50op

2.99

2.89

2.96

3.09

2.95

Parama Credit Union

2.85

2.9

2.69

3.1

3.25

Steinbach Credit Union

2.5

2.5

2.6

2.7

2.8

3

4.45

3.1

3.09

3.09

3.19

3.29

6.30op

6.50op

Teachers Credit Union

4

Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE August 12, 2013. Prepared By Fiscal Agents Financial Information Services 905.844.7700

82 New home & condo guide SWO | august 17 - 31, 2013

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hotdates

aug 16-17

Cow-a-polooza SOUTHSIDE PARK WOODSTOCK

Enjoy a n e xcit i ng blend of entertainment for the whole family at this year's Cow-a-polooza. The twoday event includes food, beverage garden, soap box derby, strongman/ woman competition, kids play zone, Canadian pro wrestling, live music, buskers, displays, crafters, cows, cows, cows and much more. cowapolooza.com

Aug 17 to 31

Calendar of events beginning from Aug 17 to 31, 2013

aug 17-18

Fife and Drum Muster and Soldiers' Field Day FORT GEORGE NATIONAL HISTORIC SITE NIAGARA-ON-THE-LAKE

Fife and drum corps from Canada and the U.S. join to celebrate 200 years of peace through music. Soldiers compete with 19th century skills of rapid fire muskets and more. Evening tattoo program. friendsoffortgeorge.ca

Aug 17-18

Dundas Cactus Festival

Come celebrate this exciting threeday festival. Lots of free attractions for a l l ages: music, l ive entertainers,Kids Zone, BMX demos, great vendors and baby contest. 905.628.0838

aug 22-25

Sun Life Financial Waterloo Busker Carnival KING STREET UPTOWN WATERLOO

Unique, long-standing and innovative the Sun Life Financial Waterloo Busker Carnival is a volunteer driven International Street Performers Festival. Twenty-five years old and still going strong. waterloo-buskers.com

aug 23-25

Winona Peach Festival 2013 WINONA PARK STONEY CREEK

The Peach Festival is an event that brings people together, so make the Winona Peach Festival your, "Family Tradition." The festival provides something for all ages. 905.643.2084

42 CROSS ST. DUNDAS august 17 - 31, 2013 | New home & condo guide SWO 83

083 Hot Dates-WK.indd 83

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advertiserindex augustine group: Treviso

35

Homes by DeSantis: Lyon’s Creek

augustine group: Port Place

47

mattamy homes: Wildflowers

34 6

Bayview Wellington: Victoria Village

4

menkes developments: Millstone on the Park

Bayview Wellington: Niagara-on-the-Green

5

menkes developments: Enclaves of Upper Canada 33

branthaven Homes: Multi-site

12 & 13

Monarch: The Village of South Fields

32

44 & 45

bucci Homes: Bliss

41

Mountainview Homes: Harvest

Claysam Homes: Neighbourhoods of Devonshire

69

new horizon Homes: Harvest

39

Cosmopolitan Homes: Vintner Estates

57

PARK LANE HOME BUILDERS: Multi-site

54

phelps homes: Multi-site

38

Countrygreen Homes: The Uptowns of Waterdown

7

9

dawn victoria Homes: Evergreens

49

reid’s heritage: Westminster Woods

dunsire developments: Mill Creek Village

23

rosehaven homes: Multi-site

55

eastforest Homes: Corporate

25

rosehaven homes: Lyon’s Creek

34

emery Homes: Appleby Club

59

spallacci homes: Eden Park

40

tillsonburg developments: Baldwin Place

67

tobyn park homes: ParkCity

53

Empire Communities: Multi-site forest park homes: The Village Landing

2&3 51

BC

geranium Homes: The Village at Sally Creek

16 & 17

town of tillsonburg: Corporate

71

Great gulf: Rolling Meadows & Edgewood

86 & 87

williamsburg homes: Eby Estates

27

Homes by DeSantis: Lincoln Square

11

84 New home & condo guide SWO | august 17 - 31, 2013

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fundamentallyspeaking

The importance of selecting

a reputable moving firm

WAYNE KARL is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

by WAYNE KARL WHEN BUYING A HOME, YOU LIKELY WILL CONSULT

» My original contact, who was easily available on cell

with a team of trusted professionals – a mortgage broker, lawyer, perhaps a realtor or builder sales associate and maybe a home inspector. Then, assuming you move ahead with your purchase, eventually you will likely need a mover. People often don’t consider a mover as an important member of their team of professionals. However, given the critical role they perform – taking possession, at least temporarily, of all your worldly goods and moving them without loss or damage – it’s a function not to be taken for granted. Not doing your due diligence and taking the time to select a reputable mover can invite untold problems. Case in point: the following example, which admittedly doesn’t involve a new-home move, but the experience is all too common. So is the lesson learned – unfortunately, the hard way. I recently contracted a “professional” moving company to carry out a last-minute move of five pieces of furniture on behalf of my son, a university student. For a variety of reasons, we decided to hire movers rather than rent a truck. After calling several firms – including large, wellknown companies and smaller, independent ones – I selected a moving company in Whitby, where the pick-up was to take place. Drop-off would be in Waterloo. We agreed on price ($350) and time (9 a.m.) – after I was very clear the move would involve an out-of-town destination. All details were confirmed in a “contract” exchanged via email. The crew was on time for the move the next morning, but almost immediately began talking about a higher rate – $360. Not a huge difference but it immediately raised my suspicions. I’ll spare you all the gory details, but it’s important to share the lowlights of what happened next: » The company I originally contracted the job to the night before was inexplicably unavailable to actually perform the move the next morning, and apparently passed it off to another firm.

phone repeatedly the night before, suddenly was nowhere to be found. » Once the truck was loaded, the fee increased to $450. » Upon arrival in Waterloo, the movers said the fee was $500. “It’s taking longer than we thought, and the furniture is heavier.” » “Sure,” I said, “right after I call the police.” With that, the sordid tale ended. The job not complete, left for us to move the furniture indoors, now the victims of one of the Top 10 scams monitored by the Better Business Bureau (BBB). “I could write a thesis on this,” says John Levi, president of the Canadian Association of Movers (CAM). CAM offers consumers the following tips on how to avoid being scammed by unscrupulous movers: » Find reputable movers through the CAM, BBB or provincial government consumer protection agencies » Ask three movers for estimates in writing » Get the terms and conditions in writing » Ensure your goods will be protected for loss or damage » Read customer reviews on movers’ websites and other forums “Consumers have recourse with their provincial government’s consumer affairs department and with the Better Business Bureau,” says Levi. “Both of these avenues are fraught with difficulties and often take many months to come to some form of resolution – satisfactory or otherwise. And often, the mover simply out-waits the consumer. “It’s far simpler and more effective to engage a reputable mover in advance rather than trying to fi x a bad situation after-the-fact.” My example, though painful and infuriating, is minor compared to other common horror stories involving similarly unsuspecting clients. Make sure you take the proper steps – and the time – to protect yourself. AUGUST 17 - 31, 2013 | NEW HOME & CONDO GUIDE SWO 85

085 FS-Reputable Mover_BD_VB-WK.indd 85

8/14/13 3:33 PM


NIAGARA

LIVE thE NIAGARA LIfEstyLE fOR $300,000 LEss than thE gta

86

086-087-Great Gulf 08-17-13.indd 86

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This weekend see the Great Gulf difference in 2 great Niagara communities Just 90 minutes from Toronto, Southern Ontario’s best kept secret

Play more than 50 golf courses

is waiting to be discovered. From world-class golf to lush natural

Tour more than 75 wineries

wonders, Niagara’s outdoor lifestyle has something for everyone.

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bungalows and two-storey homes, the time has never been better

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N

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Thorold Stone Rd. Garner Rd.

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GREATGULF.COM Prices and specifications subject to change without notice. E. & O.E. Illustrations are artist’s concept. All square footages are approximate. Actual usable space varies from stated floor area. Rolling Meadows sales office hours: Sat. & Sun. 11pm - 5pm • Mon. - Thurs. 2 - 8pm • Closed Fri. • Edgewood sales office hours: Sat. & Sun. 12pm - 5pm • Mon. - Wed. 2 - 7pm • Closed Thurs. & Fri.

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The Most Affordable Condos in South Guelph. Located in the heart of one of the most desirable communities, Kingsbury Square is Guelphâ&#x20AC;&#x2122;s premier mid-rise condo building. Elegant, functional and very spacious 1 & 2 bedroom with den

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*Prices and specifications subject to change without notice. E.&.O.E. August, 2013.

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Southwestern Ontario New Home and Condo Guide - Aug 17, 2013