Southwestern Ontario New Home and Condo Guide - Apr 25, 2015

Apr 25 - May 9, 2015 Volume 18 Issue 08

NATURAL FAMILY LIVING AMONG the WILDFLOWERS

INSIDE THIS ISSUE

SWO 04-25-15master.indd 1

SWO BUILDERS EXCEL AT TARION AWARDS

WHAT’S IN A NEW HOME WARRANTY?

MORTGAGE INSURANCE PREMIUMS ON THE RISE

4/22/15 1:49 PM

JUST GOT EASIER say hello to easy Buy and our lowest ever $2500 total deposit.* now go ahead and smile because owning an amazing new move in ready home from empire has never been easier.

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DEPOSIT PROGRAm 30 days or less wIth $2500 total deposIt* 31-60 days with $5000 total deposit 61-90 days with $2500 deposit and $5000 in 30 days 91-120 days with $2500 deposit and $7500 over 60 days 121-240 days with $2500 deposit and $12500 over 90 days to make life better, we're including 5 appliances with all inventory homes.*

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*Limited Time Offer. See Sales Representative for Details. Prices, sizes and specifications are subject to change without notice. Exclusive listing brokerage: TFN Realty Inc. Brokers Protected. E.&O.E.

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Bleed:

.125”

Colours:

CMYK

Built:

20/04/2015 – JND

The Violet Model Home In Wildflowers, Kitchener

Wildflowers Offers An Attractive Array Of Towns & Detached Designs The Wildflowers Community Is Beautifully In Season ELEV. ‘B’

2-STOREY TOWNHOME, THE CALLA LILY ‘B’ 1,391 SQ.FT. $278,990

30' HOME, THE CHICORY ‘B’ 1,597 SQ.FT. $335,990

KITCHENER

N HA HER FISC

179 Seabrook Drive

40 1

HU RO N

OK DR.

S. RD.

SEABRO

SALES CENTRE/ MODEL HOMES

BLVD .

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Detached Homes From $307,990

HOME

LLM

Townhomes From $234,990

SALES CENTRE

7& 8

4 Detached Model Homes

FOR MORE INFORMATION ON OUR COMMUNITIES REGISTER AT MATTAMYHOMES.COM Follow us: SALES CENTRE HOURS: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm MODEL HOME HOURS: Monday - Thursday 1pm-7:30pm; Friday 1pm-5:30pm; Saturday, Sunday and Holidays 11am-5:30pm 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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KITCHENER LIMITED RELEASE · Rosemount by CountryGreen Homes. · An exclusive collection of 16 semi-detached homes. · Up to 1,953 sq. ft. · Call now for priority registration.

starting from

$394,900 WWW.COUNTRYGREENHOMES.COM

LAST CHANCE TO PRE-REGISTER

bungalow towns urban towns S TA R T I N G F R O M

270s

$ •

Unique open concept floorplans up to 1,365 sq. ft.

•

Attached garage on select units

•

Carefree living

•

Close to all amenities in a desirable Kitchener area

CountryGreenHomes.com · 905-630-5803 APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 7

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APR 25 - MAY 9, 2015 || VOLUME 18 ISSUE 8

contents p. 14 ON THE COVER

MATTAMY HOMES

Great varieties of spacious, beautiful living in Wildflowers

regular and special features IN EVERY ISSUE 10 Editor’s Note 68 Ad Index 69 Hot Dates

IN THE NEWS 24 Tarion Warranty Corp.

44

SWO builders shine at 2015 Awards of Excellence

32 Mortgages COLUMNISTS 34 Money Matters

The dreaded B-word

Mortgage insurance premiums about to rise

38 HHHBA

Hamilton builders name Steve Spicer to hall of fame

by Gail Vaz-Oxlade

56 Mortgage Advice

Bank of Canada holds overnight lending rate

58 Branthaven Homes

breaks ground at Jazz Condos in Burlington

by Alyssa Richard

70 Fundamentally Speaking

What’s in a new-home warranty?

48

HOMEBUYERS’ HELP 59 City Focus

Woodstock: taking root for a healthy future

by Wayne Karl

by Wayne Karl

63 Homebuyers’ Resources Mortgage Calculator & Rate Table

community focus features

52

44 Multi-Site

Rosehaven Homes Seek haven from the ordinary with Rosehaven

48 Georgetown

Menkes New release at the Enclaves of Upper Canada

52 Kitchener

Mountainview Homes River Ridge designer showhome now open

New Home WATCH 17 London 17 Waterloo 39 Hamilton

NEW DESIGNER SHOW HOME

NOWOPEN! DON’T

WAIT!

$10,000

OFF FIR ST 10 DEA LS!

r a ’s Niaga st Large r Builde Home W IN IS NO !

ENER KITCH

LIVE LIFE ON THE

Ridge

STUNNING 2-STOREY and SMART BUNGALOW DESIGNS! 36’, 40’, 45’, 50’ SINGLES! REGISTER NOW! TOLL FREE 1-844-688-3100

Grand River 17

55 Conestoga pkwy 8

401

www.mountainview.com

SHOW HOME: 154 Coopershawk St., Kitchener Tuesday & Wednesday 4-7 p.m.

Saturday & Sunday 1-5 p.m.

Offer & Specification subject to change without notice. E.&.O.E. Offer valid for a limited time. Not valid with any other promotion.

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 9

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//EDITOR’S NOTE

Think you can’t afford a new home?

It’s likely more affordable than you first thought

M

uch like that bank commercial that says, “You’re richer than you think,” a new home may be more affordable than you originally thought.

Perhaps you need only to change your definition of “home” to get into the market.

While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among first-time buyers and empty nesters in the market for new place to call home.

Not only does townhouse and condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s time to move you can often opt to remain in the same neighbourhood, since many communities offer a mix of designs and sizes, which allows families to relocate easily without having to change jobs or schools.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of the price spectrum. Many builders and developers are gearing up for their grand openings and have new communities available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

SUSAN LEGGE

Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook. Search: New Home Guide

EDITOR-IN-CHIEF Yellow Pages NextHome Susan.Legge@ypnexthome.ca

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill ASSOCIATE PUBLISHER

Susan Maxwell EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES, NATIONAL

Moe Lalani ART DIRECTOR

Daiana Garay EDITOR

Wayne Karl CONTRIBUTING EDITORS

Sara Duck (on leave) Elisa Krovblit Lydia McNutt DISTRIBUTION & SALES CO-ORDINATOR

Jennifer Bistron

ADMINISTRATIVE ASSISTANT

Antoinette Jackson MANAGER OF PRODUCTION

Bala Gnanapandithan CO-ORDINATOR

Hannah Yarkony GRAPHIC DESIGNER

Viosa Barileva CONTRIBUTING WRITERS

Joanne Keenan Jeffrey Reed

published by

Preparing for busy season

After a harsh winter, healthy conditions have Ontario real estate primed for a feverish spring

M

other Nature clearly is a tough nut. At time of writing – third week of April, no less – temperatures were still in low single digits.

Indeed, an unusually harsh winter has already delayed the start of the spring real estate season in some markets, while low inventory is leading to significant price increases in areas where supply isn’t keeping pace with demand.

Meanwhile, an improving economy in Ontario is leading to growing consumer confidence, creating a strong foundation for residential real estate growth.

Spring can’t come soon enough, in more ways than one.

Also, recently, the Bank of Canada once again held its overnight lending rate, helping to keep mortgage rates remain at historically low levels.

Collectively, these conditions are producing a bit of a perfect storm of opportunity for homebuyers in Ontario.

The new home market also stands to benefit. Demand is high and supply in some areas and housing types may be limited, but for buyers who are well financed, well prepared and ready to act fast, new home purchases this spring will likely prove to be wise decisions.

WAYNE KARL

EDITOR Yellow Pages NextHome Wayne.Karl@ypnexthome.ca 10 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

Follow me on Twitter at Twitter.com/WayneKarl Like us on Facebook. Search: New Home Guide

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867

ypnexthome.ca

ADVERTISING: 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@ypnexthome.ca Office hours are Mon-Thurs. 9-5; Fri. 9-12

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 2015: 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. Yellow Pages Next Home is a trademark of Yellow Pages Group Co. in Canada.

Please recycle this magazine! Yellow Pages Next Home 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.

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Live the Life

TM

OYES! LIVE THE LIFE IN OAKVILLE TM

TRAFALGAR RD.

LIVE LARGE

Join us Saturday, May 2nd

HWY 407

EXE PARKING

SALES OFFICE

DUNDAS ST.

FR

DUNDAS ST. OVERFLOW PARKING

ENTRANCE TO PARKING LOT

TRAFALGAR RD.

VE

CANADIAN TIRE PARKING LOT

ED POST RIDG

RI

UPPER MIDDLE RD.

QEW

branthaven.com/oakvillage

Presentation Centre Located at 351 Dundas St. E. Oakville

Prices and specifications subject to change without notice. Rendering is artist’s concept. E.&O.E.

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D

E D

OWOW • Innovative Towns • Surrounded by ponds, parks & forested woodlots • walking and biking trails • Steps to shops & services • Nearby major highways • Minutes to the GO Train

HWY 403

Grand Opening

Upper Oakville Townhome Living from the mid $400’s

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DISCOVER FOR YOURSELF

EXCITING NEW COMMUNITIES DESIGNED FOR THE WAY YOU LIVE! BOUTIQUE CONDO LIVING 1 BED FROM THE HIGH $200’S 2 BED FROM THE LOW $400’S

EXECUTIVE HOMES IN KITCHENER FROM THE $400’S

Quickstart Homes with 30+ Day Closings TM

LUXURY 2 STOREY TOWNS COMING SOON TO MILTON REGISTER NOW - PURETOWNS.CA

LUXURY SINGLES IN BINBROOK FROM THE HIGH $300’S

WATERFRONT TOWNS & CONDOS COMING SOON TO GRIMSBY REGISTER NOW - LAKEHOUSELIFE.CA

REMARK ABLE, FRESH & FASHIONABLE CONDO LIVING IN UPPER OAKVILLE REGISTER NOW

life’s a beach!

Hello!

CONDOS

REGISTER NOW hellocondos.ca

discover the best built home at any price!

Find more at BRANTHAVEN.COM Prices, sizes and specifications are subject to change without notice. Renderings are artist’s concept. E.&O.E.

012-013-Branthaven Homes 04-25-15.indd 13

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//COVER STORY

Great varieties of spacious, beautiful living IN WILDFLOWERS

A

lush forest bordering the community reveals how Wildflowers got its name.

Spring is an ideal time to discover Mattamy’s master-planned community.

Master-planned means the greenspaces, parks, playgrounds, plus walking and bicycling trails that complement the neighbourhood were all thoughtfully considered as a whole. From its inception in 2013, Wildflowers continues its successful growth. You can still discover a healthy selection of affordable townhomes and detached homes in a variety of configurations for any-sized family.

When you visit, take note of how spacious living will make you feel. Appreciate the open sightlines and optimized living areas inside, plus the friendly and generous design touches outside. Most homes here in Wildflowers feature an inviting front porch, an often overlooked element of modern homes. This simple aspect The Indigo Model Home In Wildflowers

14

gives a home a platform from which neighbours can greet one another and comfortably enjoy casual company. Wildflowers homes are also designed and constructed with large windows to allow more cheerful, natural light to stream into your life.

Many of the Mattamy design cues are inspired by the small, historical towns that populate the Ontario landscape. A variety of exteriors allows each street to look unique, so the entire neighbourhood feels fresh. Homes are as individual as the families they welcome. In fact, there are no identical homes situated next to one another. Since opening day, Wildflowers has been well received for the style and intelligence of its home and neighbourhood planning. Streets and features are created to allow best use and effortless ease of passage. The home interiors, too, are thoughtfully designed to offer optimal usability and greater possibilities for furniture placement.

Today, four professionally appointed model homes allow a taste of how sublime life here can be. We recommend you take a tour today to understand why Mattamy has earned an unprecedented fifth Builder of the Year Award from the Building Industry and Land Development Association (BILD).

See why so many of your future neighbours have already picked Wildflowers.

Today come view Mattamy’s large variety of home designs. Townhomes are priced from $234,990 and detached homes from $307,990.

MATTAMY HOMES | Wildflowers

Master-planned means the greenspaces, parks, playgrounds, plus walking and bicycling trails that complement the neighbourhood were all thoughtfully considered as a whole

The Primrose Model In Wildflowers

Beautiful Walking Paths In Wildflowers

The Wintergreen Model In Wildflowers LOCATION: Kitchener

The Violet Model In Wildflowers

HOUSING TYPE: Townhomes from $234,990 and detached homes from $307,990 SALES CENTRE: 179 Seabrook Dr. Presentation Centre Hours are Monday to Thursday 1 to 8 p.m.; Friday 1 to 6 p.m.; Saturday, Sunday and holidays 11 a.m. to 6 p.m.

CONTACT: 519.744.9296 mattamyhomes.com

The sales centre and the four well-appointed model homes can be found at 179 Seabrook Dr., Kitchener, call 519.744.9296.

Presentation Centre Hours are Monday to Thursday 1 to 8 p.m.; Friday 1 to 6 p.m.; Saturday, Sunday and holidays 11 a.m. to 6 p.m.

Model home hours are Monday to Thursday 1 to 7:30 p.m.; Friday 1 to 5:30 p.m.; Saturday, Sunday and holidays 11 a.m. to 5:30 p.m.

For more information on all Mattamy communities, visit mattamyhomes.com APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 15

16 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

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New Home WATCH LONDON BAYFIELD BLYTH CLINTON

PREVIEW REGISTRATION THE TRICAR GROUP London | Village North

Luxury condominiums from the mid $200’s.

tricar.com

FOREST PARK HOMES London | Amour Riverbend

GRAND BEND INGERSOLL LONDON

MITCHELL SEAFORTH SHAKESPEARE

ST.THOMAS STRATFORD TAVISTOCK

TILLSONBURG WINGHAM WOODSTOCK

NEW OPENINGS

NEW RELEASES

TRICAR GROUP Stratford | 36Front

SENATOR HOMES Woodstock | Havelock Corners

Steps from the Avon River, this luxurious new lowrise building features suites ranging from 1,200 to 1,800 sq. ft. in two-bedroom or two-bedroom plus den designs, as well as select penthouses.

New release of 50-ft. riverview lots on the Upper Thames River, minutes from downtown Woodstock.

senatorhomes.com

36front.com

Coming soon – elegant town villas from $234,900.

armourriverbend.ca

SIFTON PROPERTIES London | Westwood Village

FOREST PARK HOMES London | Central Park

sifton.com

Grand opening of luxury one-floor Energy Star condos from the low $300’s.

Coming soon – urban townhomes from $224,900.

centralparklondon.ca

HALTON HILLS WELLINGTON WATERLOO ALMAA AYR

PREVIEW REGISTRATION SAVIC HOMES Kitchener | Avalon Urban Towns

Coming this spring – design-forward urban towns at Highland Road West and Ira Needles Blvd., just minutes from downtown Kitchener.

avalontowns.ca

COUNTRYGREEN HOMES Kitchener | Westwood Mews

Register now for an exclusive collection of bungalow towns and urban towns starting from the $270’s.

countrygreenhomes.com

FUSION HOMES Guelph | The Metalworks

A new urban village of townhomes and highrise condos on a historic site in downtown Guelph.

themetalworks.ca

CAMBRIDGE ELORA

FERGUS GEORGETOWN

GUELPH KITCHENER

ROCKWOOD WATERLOO

NEW OPENINGS

NEW RELEASES

CRYSTAL HOMES FERNBROOK HOMES Cambridge | Grand River Woods

MACPHERSON MASTER BUILDERS Fergus | Strathlea Fergus

Grand Opening Sales Event on these 30-, 35- and 40-ft. detached homes next to the Grand River.

Limited new release of 20-ft. freehold towns and 30-ft. singles.

mystrathlea.com

crystalhomes.com fernbrookhomes.com

MONARCH CORPORATION Kitchener | Topper Woods

REID’S HERITAGE HOMES Guelph | Alive

monarchgroup.net

Now open – three- and four-bedroom freehold and condominium townhomes starting from the $300,000s.

reidsheritagehomes.com

REID’S HERITAGE HOMES Kitchener | Williamsburg Walk

Now open – midrise urban condominiums starting from the low $200’s.

reidsheritagehomes.com

Limited release of 43-ft. pie-shaped lots.

REID’S HERITAGE HOMES Kitchener | The Oaks

New 56-suite condominium. Offering a great selection of floorplans that suit a variety of budgets and lifestyles in an established community.

reidsheritagehomes.com

REID’S HERITAGE HOMES Fergus | Westminster Highlands

Master-planned community of a variety of single-detached homes, bungalows, two-storey and executive townhomes and midrise condos.

reidsheritagehomes.com

BUILDERS: To include or update your listing, email wayne.karl@ypnexthome.ca Please say you saw it in New Home & Condo Guide!

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 17

Limited

Time Off er

FREE

Kitchen Gra Counter nite tops!

Memories

Where

are made

Claysam offers a GREAT selection of family focussed communities where you can build your NEW HOME and years of fond MEMORIES in.

Plattsville

Elmira

Woodstock

Woodstock

50-60’ Lots Single Family Homes

Towns, Semis and Singles Now Open!

30-42’ Lots Single Family Homes

Adult Lifestyle Community

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to standard counter top surface area only. Optional Visit our website for MODEL HOME hours. **Applies islands will be extra. This promotion is in conjunction with our

claysamhomes.com

value package promotion as well as our telecommunications program. Limited Time Offer. Offer must be firm. E. & O. E.

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

020-Claysam Homes 02-14-15.indd 20

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Established Waterloo Community

Winner of the 2014 WRHBA Multi-Unit

Move in now! This is your last chance to own in the final phase of our award winning West Waterloo community.

Own the McCrae Park Villa; Winner of the Most Outstanding Low Rise Multi-Unit Design over 2000 sq. ft.

MCCRAE PARK VILLA ~ Immediate Occupancy.

Situated on a gorgeous and very private parkland lot.

Features two bedrooms, den with custom built-in desk and cabinetry plus cozy and ambiant fireplace located just off of the Master Bedroom. $625,500

MCCRAE PARK MODEL ~ Immediate Occupancy.

Stunning model features a theatre room with seating for 8 and wet bar, two bedrooms plus loft, stunning ensuite bath, stainless steel appliances, custom window and bed coverings and upholstery. $694,900

Beautiful town villas backing onto private and treed parklands Maintenance free condominium lifestyle Outstanding features, including granite countertops, 9’ ceilings, stone, brick and stucco exteriors with generous stone patios

Only 2 town villas remain!

Now Registered.

VISIT OUR SALES OFFICE & MODEL HOME AT 435 WINCHESTER DRIVE, WATERLOO

COLUMBIA ST. WEST

WINCHESTER DR.

MODELS

ERB ST. WEST

FISCHER HALLMAN RD.

IRA NEEDLES BLVD.

ERBSVILLE RD.

KEATS WAY

Call our Sales Representative today: Donna Hodgin Especially New Homes Inc., Broker Sunday 1-4pm or by appointment thevillageinbeechwoodwest@cookhomes.ca 519.725.8880 or 519.886.9797

Offers and plans subject to change without notice. See sales representative for more information. E. & O. E.

021-Cook Homes 04-11-15.indd 21

Award Winning Builder

cookhomes.ca 21

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BP2015 NH&C Ad _Layout 1 2015-04-21 11:02 AM Page 1

BALDWIN PLACE

UNBEATABLE

VALUE All-brick, detached, freehold homes starting at

$244,500

(incl. hst)

with a fully-equipped recreation centre (monthly association fee of just $30) and only minutes away from medical facilities, shopping, dining and great golf.

3 ESSELTINE DRIVE, TILLSONBURG MODEL HOME HOURS: OPEN MONDAY - THURSDAY, SATURDAY & SUNDAY 10AM TO 5PM. FRIDAYS & HOLIDAYS BY APPOINTMENT ONLY.

Call us now at 1-800-265-5709 www.baldwinplace.ca

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

22 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

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Avalon_NHC_SW_FP_Apr1_Layout 1 2015-04-02 10:38 AM Page 1

COMING THIS SPRING TO KITCHENER

Looking to address your passion for the urban lifestyle?

These design-forward townhomes feature smart open concept living spaces, modern features and finishes, stunning rooftop terraces, patios and balconies. Perfectly situated near shopping, restaurants, parks, universities, Highway 8 and just minutes from Downtown Kitchener.

ONLY10% DOWN!* PARKING INCLUDED! 85

University of Waterloo

Erb St.

Wilfred Laurier University

d.

7

t. E gS

023-Savic Homes Avalon 04-11-15.indd 23

N St.

Kin

REGISTER NOW AvalonTowns.ca

7

n

ee

Qu

Queens Blvd.

een

DOWNTOWN KITCHENER

Qu

an R

t. W gS

allm

Highland Rd. West + Ira Needles Blvd.

Highland Rd. W

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UPTOWN WATERLOO

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Fisch

Blvd.

199

From

900

Ira Needles

design forward $ URBAN TOWNS

8 8

*Ask Sales Representative for details. Illustrations are artist’s concept. Prices and specifications subject to change without notice. E. & O.E.

15-04-22 4:47 PM

//IN THE NEWS

SOUTHWESTERN ONTARIO BUILDERS SHINE IN

2015 Tarion Awards of Excellence

Fusion Homes, Guelph – Large Volume Category

New home and condo builders in Southwestern Ontario excelled at the recent Awards of Excellence conferred

by Tarion Warranty Corp., scooping up two of the four honours.

The Awards of Excellence are the only awards in Ontario that recognize new home builders based solely on homeowners’ satisfaction with their customer service delivery.

THIS YEAR, AWARDS WERE PRESENTED TO: » The Tricar Group, London – Highrise Category » Fusion Homes, Guelph – Large Volume Category » Klemencic Homes, Trenton – Medium Volume Category » Rochon Construction, North Bay – Small Volume Category “A home builder’s job isn’t complete just because the last tile has been laid,” says Howard Bogach, president and CEO of Tarion Warranty. “The Tarion Awards of Excellence recipients recognize the positive impact of exceptional customer service long after they’ve handed over the keys.

Says Adam Carapella of the Tricar Group: “We have three major areas of focus with the goal of delivering top quality customer service. These are communication, education and ensuring it is always a team effort. The Tricar Group is 24 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

Rochon Construction, North Bay – Small Volume Category

constantly refining our best practices to ensure we are improving whenever we can. Being recognized by our customers as the top highrise builder in Ontario for the second year in a row with a Tarion Awards of Excellence tells us that our process is working.”

“Being entrusted with someone’s home is an immense honour and comes with a responsibility,” says Lee Piccoli, president of Fusion Homes. “At Fusion Homes, we ensure that this trust forms the basis for a lifelong relationship. As a team, we commit ourselves each day to self-improvement and to exceeding expectations in order to ensure that the Fusion Homes experience is one rooted in excellence and integrity and that our homeowners’ trust has been well-placed.”

The awards are based on the results of a comprehensive survey sent to more than 49,000 Ontario homeowners who

took possession of a new home between Oct. 1, 2013 and Sept. 30, 2014. Almost 7,900 survey responses were received, representing 16 per cent of consumers who bought a new home in Ontario during that time. The results were tabulated

by Crunch Research in partnership with Harris Decima.

Survey questions covered every stage of the homeownerbuilder relationship beginning with the signing of the agreement of purchase and sale, through construction, pre-delivery inspection, and after-sales service.

2015 TARION AWARD OF EXCELLENCE FINALISTS AND RECIPIENTS: HIGHRISE CATEGORY

(More than 100 highrise possessions per year) CONCERT – Toronto Del Ridge Homes – Markham Mattamy Homes – Oakville The Daniels Corporation – Toronto The Tricar Group – London Tridel – Toronto

MEDIUM VOLUME CATEGORY

(21-100 possessions per year) Hayhoe Homes – St. Thomas Klemencic Homes – Trenton McDonald Homes – Brighton Melanie Construction Inc. – Russell SACA Homes – Casselman SMALL VOLUME CATEGORY

(5-20 possessions per year) JDC Homes – Wasaga Beach Lockwood Brothers Construction – Oxford Rick Stewart Construction Ltd. – Fort Erie Rochon Construction – North Bay Terry Waito Homes Inc. – Petawawa

LARGE VOLUME CATEGORY

(More than 100 possessions per year) Devonleigh Homes Inc. – Orangeville Fusion Homes – Guelph Monarch Corporation – Toronto Tribute Communities – Pickering Urbandale – Ottawa

Klemencic Homes, Trenton – Medium Volume Category

The Tricar Group, London – Highrise Category APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 25

A new urban scene is emerging between Uptown Waterloo and Downtown Kitchener Distinct urban living.

Loft Living in the new midtown from the low $200s

Distinct urban living.

Discover Kitchener’s New Midtown Live the loft lifestyle in a trendy mid-rise condominium located on the new ION light-rail transit route, just up the street from Google’s new Canadian HQ.

Register today

to preview the floor plans before the public launch!

themidtownlofts.com/discover Another project by

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//CITY FOCUS

WOODSTOCK Taking root for a healthy future » by WAYNE KARL

I

f you haven’t been to Woodstock recently, you’re in for a bit of a surprise. This self-proclaimed Dairy Capital of Canada, located along Hwy. 401 between Kitchener-Waterloo and London, still holds to its roots in agriculture and manufacturing, but like any forward-thinking municipality, it also knows the importance of modernizing for future economic growth.

Take a trip through downtown Woodstock and you’ll see gorgeous tree-lined streets, century-old Victorian homes, abundant parkland, friendly citizens – and even an immortalized Holstein.

But more on that later.

The town’s history is not only preserved in its museum and county courthouse, it is the only municipality in Ontario to still have all of its original public buildings. Combine that with modern amenities such as schools, medical facilities, recreational centres and plenty of greenspace, and you’ll understand why Woodstock is also a town with a bright future.

With a population of about 36,000, Woodstock is the largest municipality in Oxford County in Southwestern Ontario, about 122 kilometres southwest of Toronto, just north off Hwy. 401 along the historic Thames River.

The community was first settled in 1800 after Sir John Graves Simcoe, governor of what was then known as Upper Canada, determined the area would make a good

28 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

townsite. Early settlers were American immigrants from New York state and then from Britain in the 1820s. In 1902, Woodstock petitioned the provincial legislature to be incorporated as the City of Woodstock.

Downtown Woodstock houses the city’s banks, administration buildings, retailers and several restaurants – with the majority of buildings a century old. With free two-hour downtown parking, locals appreciate it’s a great place to shop, work, play and dine. In the 1990s, the city undertook an extensive makeover of the main street, adding gardens and cobbled sidewalks, which now host numerous retail promotions and entertainment in the summer.

INTERESTING FACTS » Woodstock is home of the Springbank Snow Countess – a Holstein cow that set a world record lifetime butterfat production of 9,062 pounds. The Countess is forever commemorated by a life-sized statue located downtown at the corner of Dundas and Springbank.

» In 2008, the City of Woodstock enacted a comprehensive outdoor smoking bylaw that restricted or banned smoking in parks, recreational fields, transit environments, downtown patios and doorways. A study conducted by the University of Waterloo showed the policy was effective at reducing smoking in regulated environments, helping some smokers to cut back and supporting smoking cessation.

CULTURE Woodstock doesn’t come alive only in summer, however. Several popular attractions are held throughout the year, including the Canadian Farm Show in September and the Woodstock Wood Show in October – both a nod to the city’s roots in agriculture.

Then there’s the Woodstock Fair held at the end of August at the fairgrounds, which comprises a midway, contests, concerts and other events. For entertainment of a different variety, Woodstock is also home to OLG Slots, a harness race track and the seven-screen movie theatre, Gallerie Cinemas.

For parklands, Southside Park offers everything from a playground to baseball diamonds and soccer fields, along with a network of walking trails. At the North End of the city is Roth Park, stretching along the Gordon Pittock Reservoir, which also boasts a playground and several kilometres of walking, running and biking trails.

Woodstock has two ice rinks, at the Community Complex at the south end of the city, and one at the fairgrounds in the central region. Woodstock Soccer Club has an indoor and outdoor soccer park at the north end. For the aquatically inclined, there are two indoor swimming pools – Southside Aquatic Centre and the YMCA – and the outdoor Lions Pool.

EDUCATION Schools are an important part of any community, and Woodstock has five high schools, including one catholic and one French: Woodstock Collegiate Institute, Huron Park Secondary School, College Avenue Secondary School, St. Mary’s Secondary School (catholic) and Ecole Secondaire Ste-Marie (French catholic). Fanshawe College also operates a campus at the south end of the city, and plans to expand to almost double its current size.

ECONOMY Given Woodstock’s proximity to the U.S. border in Detroit, it shouldn’t come as any surprise that its economy relies on the automotive industry.

In 2005, Toyota announced plans to build a new $1.1-billion plant on a 1,000-acre undeveloped site in the northeast end of the city – the first new auto assembly plant to

be built in Canada in two decades.

Initially, it was to employ 2,000 people and begin full production of the Toyota RAV4 SUV in 2008, with a capacity of 150,000 vehicles per year. Today, Toyota’s plants in Woodstock and down the 401 east at Cambridge employ about 6,500 people.

Other auto companies are also important to the local economy. Hino Motors Canada Ltd., a Toyota Motor Co. subsidiary, operates a truck plant at the former General Seating plant in the Pattullo Ridge Business Park near Hwys.

401 and 59. General Motors operates its National Parts Distribution Warehouse, the largest of its kind in Canada, and there are a number of other parts suppliers active in the area.

DIVERSIFICATION Realizing that a diversified economy is important to stability, growth and protection from the vacillations of any one industry, manufacturers recently announced participation in the local Interactive Manufacturing Innovation Network (iMiN), part of the Excellence in Manufacturing Consortium (EMC).

The Oxford Region iMiN that will APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 29

Take a trip through downtown Woodstock and you’ll see gorgeous tree-lined streets, century-old Victorian homes, abundant parkland, friendly citizens – and even an immortalized Holstein. improving transportation in the area through a Transportation Master Plan (TMP), under the Municipal Class Environmental Assessment process. The objective of the TMP is to develop a comprehensive plan that will: » Review existing transportation and traffic operations and downtown parking facilities » Review future transportation system improvements to accommodate urban growth in the city, and » Develop an implementation strategy to satisfy short-term and longer-term transportation needs.

POPULATION

Approximately 36,000 MAJOR EMPLOYERS

Automotive, parts suppliers, heavy equipment AVERAGE HOME PRICES

March 2015: $241,317 March 2014: $223,700 DISTANCE FROM TORONTO

122 kilometres

SOURCE: Canadian Real Estate Association; City of Woodstock.

Photos: City of Woodstock

30 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

involve Woodstock is designed to be a fully meshed network of manufacturers, industry sectors, community partners, academic institutions and other stakeholders, which will grow to become a province-wide series of manufacturing networks that facilitates and promotes awareness, excellence and innovation.

TRANSPORTATION As with any growing community, Woodstock is also paying attention to

HOUSING It should come as no surprise that there’s growing demand for new home developments. Several builders are active with new projects in the area: Senator Homes with Havelock Corners; Van El Condominiums, with its Parrott’s Landing luxury condominium bungalow towns; Claysam Homes, with two single-family home communities – The Woods of Sally Creek and The Neighbourhoods of Devonshire, as well as an adult lifestyle community called The Villages of Sally Creek; and Geranium Homes with the Village at Sally Creek.

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//IN THE NEWS

Mortgage costs about to rise for some Canadians » by LYDIA MCNUTT

If you’re planning to buy a home this year with less than 10 per cent down, you can also plan for higher mortgage costs as of June 1, 2015. Canada Mortgage and Housing Corp. (CMHC) and Genworth Canada have announced that they are raising their mortgage insurance premiums by 15 per cent. CMHC increased its target capital requirements in mid-2014.

The move isn’t expected to have a big impact on homebuyers’ pocketbooks or Canada’s housing markets, CMHC says. The higher premium would amount to an additional $5 per month for the typical borrower with a 95-per-cent loan-to-value ratio on a mortgage of $252,530. However, in Canada’s pricier markets, those monthly mortgage costs will inevitably be higher.

In addition, the looming rise in mortgage costs could also signal a busier-than-normal spring real estate market, as homebuyers try to beat the clock on the May 31 deadline.

The increase in mortgage insurance premiums reflects concerns that Canadians are overextending their budgets by taking on more home than they can afford, leaving them in a tight spot when interest rates rise or at the slightest economic turn.

Experts advise that homebuyers plan ahead, save their money and put down as much as possible, to avoid taking out a high-ratio mortgage. Homebuyers unable to save up this often hefty amount can still buy a home with a down payment of less than 20 per cent, but federally regulated lenders require mortgage loan insurance, which covers them in case of payment default. The lender is responsible for the premiums and passes those costs on to the homebuyer in the form of a lump-sum payment, or more commonly, higher monthly payments.

CMHC is Canada’s largest insurer of residential mortgages.

Existing mortgages, high-ratio mortgages with more than a 10-per-cent down payment, and mortgages on multi-unit properties will not be affected by the premium increase.

95% LOAN-TO-VALUE Loan Amount

$150,000

$250,000

$350,000

$450,000

Current Premium

$4,725

$7,875

$11,025

$14,175

New Premium

$5,400

$9,000

$12,600

$16,200

Additional Premium

$675

$1,125

$1,575

$2,025

Monthly Increase

$3.12

$5.20

$7.29

$9.36

Based on a five-year term at 2.79 per cent and a 25-year amortization

32 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

Homes built for life.

There’s always time to play.

Build those memories of nights filled with fun, family and buttery popcorn, in a home built by Sifton.

From expansive living areas, to solid construction and high-end finishes, Sifton concentrates on craftsmanship, so you can concentrate on life.

Energy Star® Homes. Private Décor Centre.

Building in 8 Great Communities.

519.850.0756 Sifton.com

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//MONEY MATTERS

The dreaded B-word » by GAIL VAZ-OXLADE

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

Trying to get through life without a budget is like trying to drive a car with no steering wheel. You can lurch your way along, jamming on the breaks every time a threat looms, or you can put the pedal to the metal, but the whole time you’re careening down the road you’ll be worrying about what you’re going to hit. And if you’ve got any passengers, there will be some mess to clean up when you finally reach your destination.

Anyone I know who lives on a budget couldn’t get by without it. And it seems it’s only the people who refuse to make a plan who end up bellying aching about getting to the end of the money before they get to the end of the month.

If you were building a house, you wouldn’t dream of using an architect who declared, “Relax. I’ve done this before. I promise I’ll put everything in the right place.” No. You’d insist on seeing some drawings. And here’s why you should, as the architect of your financial house, draw up a budget.

Whether paper-based or electronic, the discipline of managing your budget will help to keep you organized.

Annual bills, like car insurance, won’t surprise you, sending shock waves

If the mere mention of the word ‘budget’ makes you groan, maybe you haven’t given this old idea a fair shake.

34 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

If you’ve decided to take control of your financial future, congratulations. Create a budget that balances and you’ve taken the first step to making your money work for you. through your cash flow. And unexpected expenses, which have a category in a spending plan, won’t throw you for a loop.

A spending plan is made up of two parts: income and expenses. Income is the money that comes in: your salary, commission, dividends or interest income, alimony, child support, pension, or disability income. It doesn’t include money you think you might get. So, if your bonus is not guaranteed, don’t include it in your budget. Keep it in reserve to boost your RRSP or take you to the sunshine next winter.

Expenses are the items you have to pay for monthly.

(Divide annual bills, such as insurance, by 12 to come up with a monthly amount.)

The best way to figure out your expenses is to look at what you’ve been spending. Collect your bank statements, credit card bills, and whatever other records you have of where your money went over the past year. Put each bill in an appropriate category — i.e., utilities, food, clothing, childcare, gifts — total the figures for each category and divide by 12. That’s

your monthly average. Add the categories together. That’s what you’ve been spending.

Now, for all you toads out there who can’t gather together two months’ worth of paperwork, never mind a year’s worth, here’s the other way to make a budget: You can use the nifty Gail’s Guide to Building a Budget along with the even niftier Gail’s Interactive Budget Worksheet (gailvazoxlade.com).

If you think you can keep flying by the seat of your pants forever, good luck with that.

If you’ve decided to take control of your financial future, congratulations.

Create a budget that balances and you’ve taken the first step to making your money work for you.

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 35

MOVE UP to Topper Woods!

Everything you dream of in a new home is here at Monarch’s sought-after Topper Woods. Move up to an enclave of impressive two-storey and bungalow designs up to 3,722 sq.ft. on traditional 43’ & 50’ lots. Customize your home to make it truly yours! Live near historic Doon Village with schools, parkland and easy access to Hwy 401.

Elegant 43’ and 50’ Singles from the low $400,000’s

Maximus Series - Now available at Topper Woods Select the package that’s exactly your style and price.

discover more

MonarchGroup.net

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CHOOSE MONARCH FIRST. KLEINBURG | Kleinburg Crown Estates | Designer Decorated Models 42’ & 50’ Singles from the mid $900,000’s Sales Centre located at 165 Timber Creek Boulevard 416-495-3513 CALEDON | SouthFields | Models To View Townhomes from the low $400,000’s Semis from the high $400,000’s Singles from the high $600,000’s Sales Centre located at 12515 Old Kennedy Road, Caledon (Old Kennedy Rd. and Mayfield Rd.) 905-843-0707 SCARBOROUGH | Bennett | Exclusive Enclave of Detached Singles in West Hill Executive Singles from the low $800,000’s Sales Centre located at 1325 Danforth Road, Scarborough 416-495-3574 KITCHENER | Topper Woods | Models To View 43’ & 50’ Singles from the low $400,000’s Sales Centre located at 7 Wetland Way, Kitchener 519-894-8222 HOURS: Monday – Thursday: 1pm – 8pm, Friday: 12pm – 5pm, Weekends & Holidays: 11am – 6pm

ALSO BUILDING HIGH RISE COMMUNITIES IN: Etobicoke | Markham | Downtown Toronto

first.

Please see a sales associate for full details. Prices and specifications subject to change without notice. E.&O.E. April 2015. 15803.

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//IN THE NEWS

HAMILTON HOME BUILDERS NAME

Steve Spicer to hall of fame Hamilton home builders have elected one of their longest serving members to the industry’s hall of fame.

Hamilton home builders have elected one of their longest serving members to the industry’s hall of fame.

Steve Spicer of Multi-Area Developments Inc. is the 2015 Inductee to the Hamilton Halton Home Builders’ Association (HHHBA) Hall of Fame.

Born in 1955 and a life-long Hamilton resident, Spicer was selected because of his long, established service in the local development industry and with the HHHBA. Spicer graduated from Mohawk College`s Civil Engineering Technology Program in 1979, and began his career in earnest as a field engineer at Dufferin Construction.

He held several positions, including chief estimator, and was involved in many different areas of civil construction, from commercial parking lots to highway and airport work. It was in this capacity that he took a more active role in the development industry as Dufferin`s representative on Hamilton’s Development Council in 1988.

In 1992, he joined Meadowlands as Development Manager, and later chaired the Development Council for five years and participated on four Development Charge liaison committees.

38 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

In 2003, with development at the Meadowlands winding down, Spicer was hired by Multi-Area Developments to help Aldo DeSantis with the company’s Summit Park project. His position at Multi-Area grew over the years, and his participation in the HHHBA grew. He was elected to the board of directors in 2001, and served on the executive from 2003 to 2010. Spicer served as HHHBA president in 2009 – a challenging year, with a slumping economy and a significant battle over Development Charges. Since 2008, he has organized the Wellwood Run charitable event, and still runs in it today.

Spicer served on the Ontario Home Builders’ Association board in 2008 and 2009, and the Canadian Home Builders’ Association (CHBA) board in 2009 and 2010 along with the CHBA Urban Council. Other volunteer positions included The Hamilton Construction Association board of directors, and chair of Mohawk College Civil Engineering Program advisory committee.

He was honoured with the HHHBA Presidential Award in 1999 and 2004, distinguished Builder Member in 2003 and the Paul Wright Memorial Award in 2010.

Spicer has been married to wife Donna for 35 years. They have two children, Erin and Alan.

HAMILTON HALTON NIAGARA

New Home WATCH BUILDERS: To include or update your listing, email wayne.karl@ypnexthome.ca Please say you saw it in New Home & Condo Guide!

PREVIEW REGISTRATION HOMES BY DESANTIS Grimsby | AquaBlu

Opening in May – a condominium community of modern suites along the lake in Grimsby.

Starting from the $180’s.

aquablucondo.com

MATTAMY HOMES Milton | Hawthorne Village

New townhomes and detached homes in this established master-planned community.

mattamyhomes.com

NEW HORIZON Stoney Creek | Waterfront Trails

Register now for Phase 2 of these condos in Stoney Creek.

waterfronttrails.ca

SILVERGATE HOMES Niagara Falls | Victoria Woods

Register now for these luxury townhomes in Niagara Falls.

ANCASTER BEAMSVILLE BINBROOK BRANT BRANTFORD BURLINGTON CATHARINES GRIMSBY HAMILTON

EMPIRE COMMUNITIES Stoney Creek | Lush at Victory

New boutique townhomes from $294,990, coming May 2.

lush.empirecommunities.com

MOUNTAINVIEW HOMES Niagara Falls | Windy Lane Estates

Showhome now open for 50-ft. singles and townhomes from the $220’s.

mountainview.com

ADI DEVELOPMENTS Burlington | LINK2 Condos + Lofts

Grand Opening now on for suites and lofts overlooking Bronte Creek Provincial Park.

adidevelopments.com

NEW RELEASES ROSEHAVEN HOMES Chippawa | The Ravines at Lyon’s Creek

Now open – condominium bungalow townhomes in the Lyons Creek neighbourhood of Chippawa/Niagara. Prices from the $270’s.

silvergatehomes.ca

rosehavenhomes.com

PHELPS HOMES Smithville | The Atwater Collection

ROSEHAVEN HOMES & HOMES BY DESANTIS Chippawa | The Ravines at Lyon’s Creek

Register now for this adult lifestyle community featuring a collection of attached bungalows backing onto Twenty Mile Creek.

phelpshomes.com

NEW OPENINGS NEW HORIZON Burlington | Bridgewater Residences

Presentation centre and model suite now open for luxury condominiums on the lake.

bwresidences.com

MILTON NIAGARA OAKVILLE PARIS PORT DOVER ST. CATHARINES STONEY CREEK VINELAND

Limited quantities of detached homes available, priced from the low $300’s.

rosehavenhomes.com homesbydesantis.com

EMPIRE COMMUNITIES Stoney Creek | Lush at Victory

New release of 30- and 36-ft. homesites.

lush.empirecommunities.com

EMPIRE COMMUNITIES Brantford | Wyndfield

Final release of 44-ft. homesites.

wyndfield.empirecommunities.com

MINTO, BRANTHAVEN HOMES & EMSHIH DEVELOPMENTS Oakville | Oakvillage

Now open – Oakville’s visionary master-planned community from the low $400’s.

oakvillage.ca

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 39

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Live in

OVER 50% SOLD!

Be connected to everything W ES

LINCOLN M. ALEXANDER LINC ANDER PKWY

TORONTO

sonomahomes.ca

WEST 5TH

STONE ONE CHURCH RD. RD W.

GARTH ST ST.

403

Site hours: Mon-Thurs 3-6pm Friday’s by appointment Sat & Sun 12-noon-5pm

043-Sonoma Homes 03-28-15.indd 43

N LINC

to 403

BRANTFORD

IN UPGRADES INCLUDED

HAMI LTO N

$80,000 $300’s

T

AIN NT OU M

UPPER JAMES ST ST.

STARTING FROM THE MID

OVER

RYMAL RD. W. RYM

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//COMMUNITY FOCUS

Seek haven from the ordinary with

ROSEHAVEN HOMES The Ravines of Lyon’s Creek, Chippawa/Niagara

LYON’S CREEK IN CHIPPAWA

If you’ve been thinking of moving to Niagara, you’d do well to take a look at The Ravines of Lyon’s Creek in Chippawa. Rosehaven has just released a stunning collection of condominium bungalow townhomes with two distinct designs to choose from – the ultimate in affordability, combining the space of a townhome with the maintenance-free condo lifestyle.

This means you can live in historic Chippawa’s finest location, just a short drive from the action of Niagara Falls, and be just five

44 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

minutes from the QEW for trips into the big city. Access to Buffalo is easy, too, for shopping and low cost air travel. Enjoy the lock-and-leave lifestyle that a condominium townhome offers, worry-free.

When you live at Lyon’s Creek, you’re in the heart of everything that makes the Niagara lifestyle so attractive; golfing, boating, hiking, biking, fishing near shopping, restaurants and all the sights that make the region such a desirable destination. Enjoy spectacular nature views with the serenity of a private park. Take a stroll through the pathways, have breakfast at Betty’s, experience great shopping, dining and adventures just waiting to be explored.

A limited selection of popular 36-ft. singles and 36-ft.-wide

ROSEHAVEN HOMES | Multi-Site

A limited selection of popular 36-ft. singles and 36-ft.-wide freehold townhomes are available, too, featuring nine-ft. main floor ceilings, gourmet kitchens, luxurious ensuites and more. freehold townhomes are available, too, featuring nine-ft. main floor ceilings, gourmet kitchens, luxurious ensuites and more.

Spring is here, so now’s the time to take a lovely drive to historic Chippawa and see for yourself. The homes here are unquestionably some of the most elegant available anywhere in the area. But hurry, because selection is limited and homes are under construction.

ON THE RIDGE IN STONEY CREEK

In other news, Rosehaven is getting ready to build spacious semi-detached homes as well as 40- and 35-ft. singles on extra deep lots at its successful family community in Stoney Creek.

A remarkable new neighbourhood of inspired home designs in a breathtaking setting, On the Ridge is surrounded by fun for the whole family – hiking, biking, swimming and all the attractions of Niagara. It’s the lifestyle you want for your family... a touch above!

WATERDOWN MEADOWS AND GIBSON HEIGHTS

At Waterdown Meadows, only a limited number of 35-ft. detached homes remain, so this is the time to visit if you want to get into this highly sought after community. When they’re gone, they’re gone forever!

At Gibson Heights in Thorold, Rosehaven is almost sold out, with just a few homes left including 30-ft. attached singles and freehold towns. Those looking to enjoy this summer in a new home can start packing because homes are ready to move into now!

CONTEMPORARY CONDOMINIUM LIVING COMING TO ALDERSHOT IN BURLINGTON

Exciting news for fall 2015! Rosehaven is coming to the Aldershot community of Burlington, with contemporary midrise condos as well as condominium townhomes in this revitalized neighbourhood close to Lake Ontario and highways. Register now at rosehavenhomes.com Lyon’s Creek, Chippawa, Condo Town – Coronation, 1,246 sq. ft.

Spring is shaping up to be exciting at all Rosehaven communities.

For more information, visit rosehavenhomes.com

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 45

Seek haven from the ordinary

The Welland - Lyon’s Creek, Chippawa

HA•VEN: A PLACE OF SAFETY OR REFUGE

Seek haven from the common, the average, the oh-so-typical, the middle-of-the-road, the run-of-the-mill, the good-enough.

At Rosehaven, we will never be satisfied with anything less than the exceptional.

Because we know you won’t.

CHIPPAWA/NIAGARA

LYON’S CREEK Condominium Townhomes NOW OPEN from $279,990 36’ Singles and 36’ Freehold Towns from $319,990

THOROLD

GIBSON HEIGHTS 30’ Attached Singles & Freehold Towns from $291,990 Move in Ready Inventory Homes Available

STONEY CREEK

ON THE RIDGE Semi Detached Homes from $358,990 40’ & 35’ Singles from $468,990

Visit RosehavenHomes.com For directions, maps hours and community information call our hotline (1-888/416) 410-0175

WATERDOWN

WATERDOWN MEADOWS 35’ Singles from $479,990 Just 12 remain!

COMING MAY

WOODLAND TRAILS, OAKVILLE Singles, Semis and Freehold Towns Register at LiveInOakville.ca

Prices and specifications correct at press time. Photo is of actual Roseahven Home. E. & O.E.

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Life is waiting for you.

LUXURIOUS BUNGALOW TOWNHOMES IN NIAGARA FALLS | STARTING FROM THE MID-$300’S Double car garages | Spacious kitchens with island | Energy Star builder Master retreat with lavish 4-piece ensuite & walk-in closets | Main floor laundry

silvergatehomes.com | 905.680.6000 victoriawoods@silvergatehomes.com Prices & specifications subject to change without notice.

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 47

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//COMMUNITY FOCUS

New release at

THE ENCLAVES OF UPPER CANADA IN GEORGETOWN

M

enkes Developments is thrilled to announce the new release of 20-ft. semi-link homes and 40-ft. detached homes at the highly successful Enclaves of Upper Canada community in Georgetown. This exciting new release of homes consists of semi-link, bungaloft and two-storey designs, with some lots backing onto a ravine of mature trees with breathtaking views of the Credit River Conservation lands.

A private, inviting community in the Norval hamlet of East Georgetown, virtually everything you need is only minutes away. From all the amenities of a major town to the beautifully 48 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

landscaped suburban streets and wooded walking trails of the Niagara escarpment, the Enclaves has it all.

Minutes away from miles of well-groomed hiking trails, this pristine landscape provides a multitude of picturesque settings ideal for family picnics, hikes or bike rides. When you’re surrounded on all sides by natural beauty, you’ll quickly forget how close you are to the centre of Georgetown,

MENKES | The Enclaves of Upper Canada

LOCATION Georgetown HOUSING TYPE 20-ft. semi-link homes and 40-ft. detached homes SALES CENTRE 363 Guelph St., open Monday through Thursday 1 to 8 p.m., closed Fridays and open Saturdays 11 a.m. to 6 p.m. and Sundays and holidays noon to 6 p.m.

CONTACT 289.891.9103 menkes.com

with all of its many fine community facilities. With a new GO Station and easy highway access, commuting is a breeze.

For those who crave the excitement of the big city, Brampton is a mere five minutes east. Just a short car ride away is the GTA’s most popular outlet shopping mall, Toronto Premium Outlets, where luxury brands abound at discount prices!

Downtown Georgetown’s historic Main Street offers a charming selection of boutique shops and fine restaurants, while the newly expanded Market Place Mall has all of your favourite mainstream big-box stores. A thriving arts community, Georgetown has an array of cultural events and local theatre to choose from.

The Enclaves of Upper Canada offers a wide selection of home designs. Each of these elegantly crafted gems blend into the natural landscape, delivering a charming, timeless look and feel. With a modern grasp of design, fused with classic architectural styles, these homes have been designed from the inside out to suit the needs of today’s lifestyle. Inspired by Georgian architecture through the symmetry of windows and French architectural bell curve roof flares, these characteristics create the unique individualism of each elevation. Authentic architectural influences on style combined with the use of materials such as stucco, stone and brick with a careful selection of colour palettes, creates character and identity for this community.

The same exquisite, traditional charm can be found in the stunning interiors of each and every home. The 40-ft. Enclaves Collection of homes at The Enclaves come with an upscale

array of standard features, including nine-ft. ceilings on the main floor, tray ceilings in the master bedroom, gourmet kitchens with extended height uppers and granite counters, natural gas fireplace with white painted mantle and marble surround, and oak staircases from the first to second floor with upgraded pickets. In addition, each home at The Enclaves is an Energy Star qualified home, including inspection and certification by a government sponsored third party evaluator.

Menkes is offering a spectacular opening bonus to its purchasers of the semi-link collection; three stainless steel kitchen appliances, white washer and dryer and $5,000 in upgrades.

Purchasers of the 40-ft. Enclave Collection receive hardwood on the main floor (excluding tiled areas) and upper hallways and $10,000 in upgrades.

For details, please visit the sales office.

Semi-link designs range from 1,590 to 1,878 sq. ft. and are priced from the high $400’s. The 40-ft. Enclaves Collection ranges from 2,496 to 3,525 sq. ft. and are priced from $749,990.

Visit the sales office located at 363 Guelph St., Georgetown, in front of the Best Western Hotel and just east of Canadian Tire. The presentation centre is open from to Monday through Thursday from 1 to 8 p.m., closed Fridays and open Saturdays from 11 a.m. to 6 p.m. and Sundays and holidays from noon to 6 p.m. For more information, please call 289.891.9103 or visit menkes.com APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 49

50 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

050-Menkes 04-25-15.indd 50

15-04-22 4:48 PM

JUST ADD

WATERDOWN

There’s so much more to life at Waterdown Meadows.

You want more! More home. More lot. More features. More time to spend with your family. With great local parks, schools, libraries, restaurants and more, right around the corner. All in a family-friendly neighbourhood that’s connected to wherever you have to go. Want more out of life? Just add Waterdown!

Hurry in for a limited number of 35’, 40’ & 45’ Singles from the upper $400’s

WaterdownMeadows.com

905.690.2224

|

289.895.8424

SALES OFFICE HOURS: Monday to Thursday 1 to 8 pm. Closed Fridays.

Saturday and Sunday, & Holidays – 11 to 6 pm Prices, specifications and information correct at press time. Map not to scale. E. & O.E.

051-Rosehaven Aspen Ridge 04-11-15.indd 51

15-04-22 4:48 PM

//COMMUNITY FOCUS

RIVER RIDGE

designer showhome now open Come and discover Mountainview Homes’ first Kitchener community

E

xcited to be building in Kitchener for the first time, Mountainview Homes will unveil its stunning showhome to the River Ridge community at the Grand Opening on Saturday, April 18 and Sunday April 19. Mountainview is pleased to offer a special promotion to Kitchener buyers during the Grand Opening. The first 10 families to purchase a new Mountainview Homes at River Ridge Estates will receive a $10,000 discount!

With more than 35 years of experience and more than 4,000 homes built from Fort Erie to Grimsby and Baden Mountainview Homes has held the leadership role in new home construction in the Niagara Region for decades. Now, potential buyers in Kitchener can enjoy the Mountainview experience first-hand!

You’re invited to tour the beautiful Athena designer showhome, the first of Mountainview’s Goddess Collection. This is a model home like no other.

When it came to designing the homes in this collection, the team at Mountainview brought together a focus group of women – professionals, stay-at-home moms and empty-nesters – and asked them exactly what they envision in their dream home. Based on their inspired ideas, this ingenious collection of homes was created.

The Athena showhome offers 2,860 sq. ft. of living space over two storeys.

The main floor features a light-flooded dining room with coffered ceiling and easy access to the kitchen and a smart server, perfect for mixing drinks and

52 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

MOUNTAINVIEW HOMES | River Ridge storing china and flatware. Spanning the entire rear of the home, the kitchen and great room provide the perfect space for family living and entertaining. Beautiful cream-coloured cabinetry, a sleek taupe backsplash and pretty pendant lights complement the classy and elegant kitchen, while a functional 36-in. island is the perfect spot for kids to pull up a chair and enjoy their breakfast. The family room includes a beautiful stacked stone fireplace and plenty of space for comfortable seating.

Adjacent to the kitchen, the “stop and drop” mudroom is one of the Goddess Collection’s signature features. With garage access, this space is designed to keep everyone organized. It features a cosy window seat, plenty of storage and a handy dogwash area – Mountainview truly thought of everyone in the family when creating this space!

Upstairs offers four spacious bedrooms. The master features double walk-in closets and a four-piece ensuite, there is a guest bedroom with ensuite, two additional bedrooms with jack and jill bathroom privileges and laundry room.

The River Ridge designer showhome is located at 154 Coppershawk St. Ideally located less than 10 kms from Hwy. 7, shopping, parks, the universities and entertainment facilities, River Ridge is also just minutes from the Grand River.

The Grand Opening took place earlier this month. The showhome is open Saturday and Sunday from 1 to 5 p.m., as well as Tuesday and Wednesday from 4 to 7 p.m. and by appointment.

Call 519.591.4450 or 519.497.2227 or visit mountainview.com

LOCATION Kitchener HOUSING TYPE 2,860-sq.-ft. two-storey showhome SALES CENTRE Showhome located at 154 Coppershawk St. CONTACT 519.591.4450 519.497.2227 mountainview.com

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 53

WINTER/SPRING 2015 FREE

HOME&CONDO THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME

Trends in lowrise & highrise homes Your guide on where and what to buy

WHAT TO CONSIDER BEFORE GETTING YOUR FIRST MORTGAGE

+

Expert tips to

DECORATE YOUR FIRST HOME 1 YOUR S PFIRST E C I AHOME L E DWINTER I T I O N 2015

YFH 02-07-15_master.indd 1

054-Your First Home Promo.indd 54

THE GUIDE TO BUYING AND MANAGING YOUR FIRST HOME 416.626.4889

15-02-03 7:10 PM

15-04-23 10:47 AM

SPACIOUS SEMIS “ We purchased at On the Ridge because we love their designs and the quality. We were able to get a bigger house for less. ”

43’

Darryl Di Leo & Hua Ni - Burlington, ON

Degas - 1,540sq.ft. - Homes by DeSantis

Stoney Creek’s Family First Community Live large in a spacious semi at On The Ridge. With room to grow, it’s the lifestyle you want for your family... a touch above!

es Degas - 1,540sq.ft. - Hom

Semis

starting from the mid

by DeSantis

· Sensational designs · Stunning interiors · Spectacular backyards · Suit every family’s needs · Select from 10 designs · Surrounded by fun · Semis from 1,300 to over 1,900sq.ft

300’s 40’& 35’ Singles

$

from the mid

STONEY CREEK

400’s

$

TWO AWARD-WINNING BUILDERS IN SOUTH WEST ONTARIO Presentation Centre is located at: First Rd. W. & Mud St. E. Hours: Mon to Thurs: 1pm to 7pm Sat, Sun & Holidays: 11am to 6pm Closed Friday Rear yard dimension is approximate and subject to change depending on choice of lot and house.

Prices and specifications correct at press time. Prices quoted are in $ thousands. Maps not to scale. E. & O.E.

055-Rosehaven On the Ridge 02-14-15.indd 55

Site is located at: First Rd. W. & Highland Rd. W.

15-04-22 4:48 PM

//MORTGAGE ADVICE

Bank of Canada holds overnight lending rate » by ALYSSA RICHARD

ALYSSA RICHARD

is the Founder and CEO of RateHub.ca – a financial product comparison site that aims to empower Canadians to make smart financial decisions.

Interest rates aren’t going anywhere.

The Bank of Canada announced on April 15 that it was going to leave its overnight lending rate at 0.75 per cent for another six weeks – and depending on the picture our future economy paints, it could be for a lot longer than that.

The overnight rate has only been sitting at 0.75 per cent for a little less than three months now, after Governor Stephen Poloz finally decided to cut it down from the one per cent it had held steady at for nearly 4.5 years. That decision was made in January, in an attempt to shield highly indebted Canadians from the negative impacts of the significant drop in oil prices (and job losses that have occurred as a result).

With oil prices staying low and the economy continuing to suffer, it was presumed that the central bank would further cut its rate in March and again today – but that didn’t happen.

The Canadian economy is estimated to have stalled in the first quarter of 2015. The ultimate size of this impact will need to be monitored closely.

56 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

In a speech he made just a few weeks ago, Poloz announced that, “the first quarter of 2015 will look atrocious, because the oil shock is a big deal for us.” And it did. “The Canadian economy is estimated to have stalled in the first quarter of 2015. The ultimate size of this impact will need to be monitored closely.”

As of today, total CPI inflation is at one per cent, which reflects the drop in consumer energy prices, and core inflation remains close to two per cent. Unfortunately, first quarter results will place additional pressure on inflation, but GDP growth is expected to rebound later this year.

And the central bank continues to offer messages of hope that the economy should reach and remain at full capacity by the end of 2016.

If the economy doesn’t pick up, we could see another interest rate cut this year. But our guess is Poloz will monitor it for a longer period of time than just three or four months before making that decision. The next interest rate announcement is on May 27, so we’ll see what the future holds then.

SEIZE THE MOMENT, BUILD YOUR DREAM HOME NOW. Welcome to Auburn Trail, the newest Phelps Homes community in West Niagara. Here, we offer great value at attractive pricing away from the noise and congestion of the city.

Book your appointment today. Ask about our pie-shaped lots in the cul-de-sac.

905.945.6975 Bigger Lots, Better Value... Smithville

PRE-CONSTRUCTION PRICING WON’T LAST LONG

Bungalow & two-storey homes on 50 ft. lots from the 360s Celebrating 40 Years of custom inspired home building in niagara

PhelpsHomes.com

Prices, and specifications are subject to change without notice and are accurate at time of publication. Subject to availability. Please see sales representative for details. E. & O.E.

057-Phelps 04-11-15.indd 57

15-04-22 4:48 PM

//IN THE NEWS

Branthaven Homes

BREAKS GROUND AT JAZZ CONDOS IN BURLINGTON

Breaking ground at Jazz Condos, left to right: Andrea Peckart, General Manager, Branthaven Homes; Elizabeth Grant-Stipsits, Vice-President, Marketing, Branthaven Homes; Steve Stipsits, President, Branthaven Homes; Rick Craven, Burlington Ward 1 Councillor; Art Van Maren, President, VanMar Constructors; Clifford Korman, Architect and Senior Partner, Kirkor Architects and Planners; and Doreen Coughlin, Jazz Condos Sales Representative.

Burlington-based builder Branthaven Homes has announced that Jazz Condos, its newest boutique condo development in Burlington’s Aldershot neighbourhood, has broken ground to begin construction on its highly anticipated residential development. The Branthaven Homes team was joined by Jazz purchasers, project partners and Burlington Ward 1 Councillor Rick Craven to celebrate the momentous occasion.

“We are very excited to be introducing a new home opportunity in this established neighbourhood, in addition to a chance for new businesses to move into the area to support economic growth and development,” says Steve Stipsits, president of Branthaven Homes. “Jazz Condos will be a real showpiece for the area and its residents.” Jazz Condos is a four-storey boutique residence designed in partnership with award-winning architects Kirkor Architects + Planners and one of the sharpest interior design firms on the International scene, IIBYIV. Located near Waterdown Road on Plains Road East, the cachet of a typical New York style boutique hotel meets signature Branthaven luxury extras at Jazz Condos.

Simply put, “These are better life spaces,” says Stipsits. “They will be very bright, airy and have a loft-like feel.”

58 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

Jazz Condos is just minutes from all the action Burlington has to offer with nightlife, cafes, arts, sports and various nearby waterfront activities. The location is a real draw for those looking to be in a unique building within an established area close to it all.

Jazz offers building amenities that are certain to strike the right chord with today’s consumers. Featuring a social library/lounge and a club-style bar, the gathering spaces at Jazz are the perfect venue for meeting up with friends.

Residents can work up a sweat in the fitness/yoga studio. The feeling is intimate yet communal – an ensemble that’s right in tune with modern life.

Each amenity space has been thoughtfully incorporated into Jazz based on the way people live and their actual lifestyle preferences – there’s no wasted space with features that go unused.

As a result, Jazz condo fees are among the lowest in the region and perfect for those heading south for the winter. The area is comprised of primarily lowrise residential – Jazz Condos is one of the first midrise condo buildings to be offered that suits both young homebuyers and downsizers alike.

Stipsits and his team envisioned an intimate boutique condo that would be a landmark for the lifestyle promise the City of Burlington is known for.

Jazz Condos is 70 per cent sold, but there is still a wide variety of suites available with prices starting in the $200’s. The sales office has relocated to 374 Plains Road E. in Burlington. Sales centre hours are Monday through Thursday from 1 to 6 p.m., and Saturday and Sunday from 1 to 5 p.m. For more information, and to view floorplans and unit pricing, visit jazzcondos.ca

Whether you’re renting or buying, finding your next home has never been so easy.

059-YPnextGrey 03-28-15.indd 59

15-04-23 10:47 AM

From

$379,900

GRAND OPENING SAT. MAY 2 AT 10:00am

061-Winzen Garden Park 04-25-15.indd 61

15-04-22 4:48 PM

»» now available!

Get the scoop on builders in the Southwestern Ontario area.

AVAILABLE ALL YEAR ROUND! GREATER TORONTO ANNUAL AND EASTERN ONTARIO ANNUAL

Highlighting the top builders and developers across the GTA EXPERT ADVICE Top tips to guide you through the homebuying process

KNOCK ON WOOD Six-storey wood housing a viable new option

HIGHLIGHTING THE top builders & new-home communities

across SWO

Home Builders’ Annual GTA Edition

HIGHLIGHTING THE

top builders & condo communities across the GTA

EXPERT ADVICE Top tips to guide you through the homebuying process THE EXPERTS WEIGH IN:

THE ALLURE OF LUXURY CONDO LIVING

SWO ANNUAL 2015.indd 1

Location, lifestyle, costs & your new condo

Why pre-construction condo investments pay off

3/10/15 5:32 PM

Research and compare! Make an informative choice using Southwestern Ontario’s only comprehensive guide to Southwestern Ontario Home Builders. Expert advice, builder profiles, and the Southwestern Ontario Home Builders’ roster all in one great Annual.

Home Builders’ Annual GTA Condo Edition

2015 ISSUES AVAILABLE NOW!

F O R Y O U R F R E E C O P Y C A L L 416 . 626-4889

062-Annual Builders SWNH 2015.indd 62

15-04-23 10:47 AM

HOMEBUYERS’ HELP//

Homebuyers’ 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

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 63

Calculate your mortgage payments INTEREST RATE

AMORTIZATION PERIOD

CHART FIGURE

EXAMPLE: 5%

25 YEARS

5.82

MORTGAGE AMOUNT ÷ 1,000

MONTHLY PAYMENT

(MORTGAGE AMOUNT $125,000)

125

Canadian mortgage payment factors Instructions:

01 02 03 04

Determine the appropriate 5-Year Fixed Mortgage Rate, which is easiest to qualify for.

Run your finger down the left column of the table below to find the rate (round to the nearest 1/4%).

Choose your desired amortization period across the top of the table (25 years has lowest payment and is easiest to qualify for first-time buyers).

At the intersection of the column and row is your mortgage payment per month per $100,000 borrowed.

» 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.

64 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

$

Mortgage payment calculation chart %

INTEREST RATES

15 YEARS

2.50%

AMORTIZATION PERIODS 20 YEARS

25 YEARS

30 YEARS

$666

$529

$448

$394

2.75%

$678

$541

$461

$407

3.00%

$690

$554

$473

$421

3.25%

$702

$566

$486

$434

3.50%

$714

$579

$499

$448

3.75%

$726

$591

$513

$461

4.00%

$738

$604

$526

$476

4.25%

$750

$617

$540

$490

4.50%

$763

$630

$553

$504

4.75%

$775

$644

$567

$519

5.00%

$788

$657

$582

$534

5.25%

$801

$671

$596

$549

5.50%

$814

$684

$610

$564

5.75%

$827

$698

$625

$579

6.00%

$840

$712

$640

$595

6.25%

$853

$726

$655

$611

6.50%

$866

$741

$670

$626

6.75%

$880

$755

$685

$642

7.00%

$893

$769

$700

$659

Table provided by Calum Ross, Owner, President and Principal Broker at Calum Ross Mortgage. He can be reached at 416.410.9905, calum@calumross.com and calumross.com APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 65

Compare mortgage rates for your best deal CHARTERED BANKS

Variable

6 Months

1 Year

2 years

3 years

4 years

5 years

ATB Financial

2.35

4

2.94

2.64

2.54

2.69

2.74

Alterna Svgs/Alterna Bk

2.45

4

2.98

2.98

2.98

2.94

2.78

Bank of Montreal

2.85

4

2.89

2.84

3.39

3.89

2.79

Bank of Nova Scotia

2.85

4.55

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.99

2.79

2.25

6.70op

6.35op

Canadian Western Bank CFF Bank

4

CIBC

2.85

Manulife Bank

2.55

4.45

National Bank

n/a

4.4

President’s Choice Finan

2.85

TD Canada Trust

2.85

Tangerine

2.85

6.30op

6.30op 3.29

4.00op

6.30op

6.30op

6.45op

6.50op

6.45op

6.30op

3.14

2.89

2.5

Royal Bank

4.00op

2.29

4.00op

3.55

2.69

2.89

2.69 4.79

3

2.94

2.84

2.79

2.79

2.89

2.84

3.39

2.74

2.84

6.70op

3.35op

6.70op 3.04

3.65

3.49

2.73

4.44

2.89

2.24

3.39

3.89

2.74

3.19

3.24

3.49

3.69

3.79

3.14 2.89 6.70op 3.35 6.30op 2.89 3.14 6.50op 3.29 6.45op

3.25 2.59 6.30op 3.5 6.30op 2.44 3.09 6.30op 3.09 6.50op

3.95 3.39

4.74 3.89

4.99 4.64

3.7

4.3

4.35

2.54 3.75

2.64 4.39

2.64 3.29

3.39

3.89

4.49

3.01

3.1 6.25op 2.89 6.30op 2.19 3.04 6.34op 2.69 3.09 6.30op 2.25 6.25op 3.95 3.09 6.30op 2.85 2.95op 2.7

3.33

3.65

3.13

2.95

2.99

2.79

2.34 3.19

2.54 2.99

2.69 2.69

2.89 3.75

3.04 4.39

3.09 4.79

3.35

2.7

3.05

4.35 3.55

4.84 3.29

5.14 2.69

2.95

3.05

3.15

2.75

2.85

2.85

3.14

6.30op

2.29

6.30op

6.30op

4.39

4.64

TRUST COMPANIES Community Trust Concentra Financial

n/a n/a

6.5 5

Effort Trust

n/a

4.45

Home Trust Company Investors Group Trust

2.35 n/a

3.95 4.2

MTCC

2.85

4.55

OTHER FINANCIAL INSTITUTIONS Airline Financial C.U.

4

Comtech Credit Union

2.45

First National Fin. LP FirstOntario C.U.

2.85

IC Savings London Life

n/a

Luminus Financial

2.45

MCAP Meridian Credit Union

2.35 2.65

Parama Credit Union

2.65

2.8

Steinbach Credit Union

2.4

2.6

6.2 3.1

4.2

4

2.89 6.40op 2.29 2.99 6.34op 2.99 3.14 6.50op 2.85 3.6 3.09

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 April 20, 2015. Prepared By Fiscal Agents Financial Information Services 905.844.7700

66 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

LOOKING FOR A NEW HOME?

It’s only a tap away.

Find the perfect new home or condo in the neighbourhood that fits your lifestyle.

Start searching now!

DOWNLOAD THE APP

067-New Web site Promo Ad newhomeandcondoguide.ca.indd 67

GET STARTED NOW AT

NewHomeAndCondoGuide.ca

15-04-23 10:47 AM

Advertiser index ASPEN RIDGE HOMES: Waterdown Meadows

51

MONARCH: Corporate

BAYVIEW WELLINGTON: Victoria Village

4

MOUNTAINVIEW HOMES: River Ridge

9

BAYVIEW WELLINGTON: Niagara-on-the-Green

5

MULTI-AREA DEVELOPMENTS: Bellagio Village/Summit Park

42

12 & 13

PHELPS HOMES: Auburn Trail

57

CLAYSAM HOMES: Corporate

20

ROSEHAVEN HOMES: Corporate

46

COOK HOMES: The Village in Beechwood West

21

ROSEHAVEN HOMES: On the Ridge

55

COUNTRYGREEN HOMES: Multi-site

7

ROSEHAVEN HOMES: Waterdown Meadows

51

CRYSTAL HOMES: Grand River Bend

31

SAVIC HOMES: Avalon Urban Towns

23

DECADE HOMES: Midtown Lofts

26

SENATOR HOMES: Havelock Corners

27

EMPIRE COMMUNITIES: Multi-site

2&3

SILVERGATE HOMES: Victoria Woods

47

BRANTHAVEN HOMES: Corporate

36 & 37

FERNBROOK HOMES: Grand River Bend

31

SIFTON PROPERTIES: Corporate

33

HOMES BY DESANTIS: AquaBlu

11

SONOMA HOMES: Style Towne Collection

43

HOMES BY DESANTIS: On the Ridge

55

TARION WARRANTY CORP.

16

MATTAMY HOMES: The Preserve

IBC

TILLSONBURG DEVELOPMENTS: Baldwin Place

22

MATTAMY HOMES: Wildflowers

6

REID’S HERITAGE HOMES: Multi-Site

BC

MENKES DEVELOPMENTS: Enclaves of Upper Canada

50

WINZEN: Garden Park Towns

61

68 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

HOT DATES//

APR 25-26

MAY 1-3

Ontario Welsh Festival

Niagara Food & Wine Expo

NIAGARA FALLS

A very special weekend celebrating Welsh heritage, music and culture, featuring a concert by the renowned Cor Rhuthun from North Wales on Saturday and two glorious hymn singing sessions Sunday. ontariowelshfestival.ca

Apr 25 to May 9 Calendar of events beginning from April 25 to May 9, 2015

APR 25-26

Waterloo Region Food & Drink Show

KITCHENER MEMORIAL AUDITORIUM KITCHENER Local and international cuisine, cooking demos, food and drink tasting, pairing seminars, celebrity guests, live entertainment and more at the Kitchener Memorial Auditorium Complex for three days! fooddrinkshow.com

SCOTIABANK CONVENTION CENTRE NIAGARA FALLS

Niagara's biggest international tasting event! Meet winemakers and local chefs; sample gourmet food, wine, beer and cocktails. Dont miss the Chef Stage, Tasting Stage and entertainment all weekend. niagarafoodandwine.ca MAY 6-8

Fergus Lyons Club Home & Leisure Show

MAINWAY RECREATION CENTRE BURLINGTON

Nightly 6 to 10 p.m. at the Centre Wellington Community Sportsplex.

Local home and garden specialists offering expert advice, solutions and inspiration. Free admission with food donation to CW Foodbank. ferguslionsclub.org

APR 25 - MAY 9, 2015 | NEW HOME & CONDO GUIDE SWO 69

//FUNDAMENTALLY SPEAKING

What’s in a new-home warranty? » by WAYNE KARL

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

What’s in your new-home warranty? Ideally, that’s a question you’ll never have to answer for real – at least not the hard way, be it fi ling a complaint or, worse, proceeding to a claim settlement.

But, life is sometimes not fair, and despite the best intentions of home builders, things do go wrong. To put it nicely – stuff happens.

Indeed, according to Tarion Warranty Corp., nearly every new home built has some form of defect. Such is life when you’re building outside, dealing with the elements and working with natural materials.

In most cases, issues get resolved, and builders large and small are getting better at responding to customer concerns.

Still, there are unscrupulous – or worse, illegal – builders that try to circumvent everything from relatively minor registration fees to taxes, all under the guise of “saving you money.”

But when there’s a problem or issue that needs to be resolved, good luck.

That’s why it’s important to ensure your new home builder is registered with Tarion – to provide the peace of mind that Tarion is backing the warranty, as well as to learn what parts of your new home are covered, for how long, and what the steps and procedures are.

BECAUSE STUFF DOES, INDEED, HAPPEN. TYPICAL EXAMPLES INCLUDE THE FOLLOWING, A TOP 10 LIST OF FIRST-YEAR CLAIMS:

» » » » » » » » » »

Paint: inadequate application or coverage Doors: improperly installed or finished Floors: Damaged, cracked or installed with gaps Drywall: Blemishes on walls, ceilings or corners Stairs/steps: Inadequately built Water/moisture: Moisture inside the home Concrete: Cracking Baseboards: Improperly installed Trims: Improperly installed or finished Cabinets/vanities: Improperly installed or finished

You can understand how prevalent such “defects” would be in new homes, and how action is required in many cases. Nine times out of 10, for homes backed by Tarion, they’re resolved without issue.

70 NEW HOME & CONDO GUIDE SWO | APR 25 - MAY 9, 2015

MORE DRASTIC IS ANOTHER EXAMPLE INVOLVING 23 HOMES

BY ONE BUILDER IN ONE DEVELOPMENT IN ONTARIO, ALSO, THANKFULLY, BACKED BY TARION:

»

After the homes were built, the water table shifted, causing differential soil settlements » The problems arose three to five years after construction » 23 homes were monitored and repaired over a period of five years » 10 homes required major repairs – causing the homeowners to be relocated to hotels for an average of 38 days

The cost to Tarion to rectify the matter? More than $5 million.

The cost to homeowners? Zero.

The benefit of having the peace of mind of a Tarion backed warranty?

Priceless.

Think that would happen if your home was built by an unregistered or illegal developer?

More and more builders, Tarion says, are improving their customer service.

And it’s not just the large companies.

“The advantage of using a small builder might be that you often get to know the principal,” says Tarion President Howard Bogach. “But large builders are closing the gap.

“The large builders that do well are the ones that behave like small builders.”

And with real estate and new home prices rising, homebuyers, understandably, expect more.

So, what’s in a new-home warranty?

In short, your builder is not just building your home, it’s building a relationship.

Bleed:

.125”

Colours:

Built:

CMYK

20/04/2015 – JND

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