calgary new condo guide - jun 27, 2014
DESCRIPTION
A Wall2Wall PublicationTRANSCRIPT
MEET SMITH, CALGARY’S NEWEST ADDITION TO THE BELTLINE COMMUNITY.Fine tailored homes starting from the mid $200’s.Visit smith17.com for more information.
June 27 - July 25, 2014 Volume 17 Issue 07
INSIDE THIS ISSUE
INSURANCE: AVOIDING BIG PROBLEMS IN SMALL SPACES
WHY MORTGAGE RATES VARY FROM LENDER TO LENDER
CONDO RENTER CONTROL: RULES & REGULATIONS
001-CCG_Cvr_06-27-14.indd 1 2014-06-19 2:08 PM
BUILDING FOUR NOW RELEASED
Building One is sold out, few units remain in Building Two and BuildingsThree and Four are selling fast. Make your move today and make yourdream a reality at Champagne – Calgary’s only pre-cast concrete residenceswith exceptional designer finishings and premium riverside location.
790 - 1125 SQ. FT. ONE BEDROOMS FROM THE LOW $300S
1220 - 1695 SQ. FT. TWO BEDROOMS FROM THE LOW $500S
Presentation Gallery - 350 Quarry Park Blvd SE Mon. to Thur. - Noon to 8pm • Fri - Closed • Sat & Sun - Noon to 5pm
remingtoncorp.com • 403.930.6900
2013
CHBA - Calgary Region
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BUILDING 2 NOW SELLING
5 SHOW SUITES NOW OPEN
Artist’s Rendering Only
#CranstonRidge
Get more with Cardel condos, including 9' ceilings, large windows and sweet views.
We’re raising the bar for affordable luxury.
*Prices subject to change without notice. Subject to availability.
$309,900TO
+ GST
$239,900FROM
+ GST
CALGARY’S BEST CONDO + TOWNHOME VALUEVisit cardelcondos.com for all our current and upcoming projectsCONDOS
+ TOWNS
Built for real life.CARDELCONDOS.COM
LARGE2 BDRM CONDOS
SALES CENTRE: 302 CRANSTON RD SEJUDY-LYNN LAVELLE: 403.457.2670 SALES
CENTRE
DEE
RFO
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TR
AIL
CRANSTON AVE
CRAN
STO
N R
D
CRAN
BER
RY
RD
CRANSTON DR
SETON BLVD
SOUTH HEALTH CAMPUS
MON – THUR: 2 PM – 8 PM WEEKENDS & HOLIDAYS: NOON – 5 PMCLOSED FRIDAYS
Visit our Cranston Place sales centre to learn more.
The developer reserves the right to make changes contained herein without notice. Some conditions apply, please call a Bridgeland Crossings sales representative for details. This is not an offering for sale.
PRESENTATION CENTRE 824 1ST Avenue NE, CalgaryOpen Daily 12-6pm, Closed Fridays
Memorial Dr. NE
1st Ave. NE
7A S
t. N
E
9th
St. N
E
Calgary Zoo
PRESENTATIONCENTRE
BIG IN BRIDGELAND
B R I D G E L A N D CROSSINGS.COM
1, 2 & 3 BEDROOM HOMES FROM $314,900
403.269.2805
PHASE 2
NOW PREVIEWING!
BIG HomesBIG Kitchens
BIG ParkBIG Decks
BIG Value
04
INNER CITY
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403 290 0992 EVOLUTIONCALGARY.COMSALES CENTRE 553 RIVERFRONT AVENUE SE. CALGARYMON–THURS, 12–6PM • WEEKENDS & HOLIDAYS, 11AM–5PM
· BIG BOLD LIVING SPACES UP TO 31 STOREYS ABOVE THE CALGARY SKYLINE
· EMBASSY BOSA SUPERIOR CONSTRUCTION: CONCRETE WALLS & BETTER DESIGN
· CONVENIENT GROUND FLOOR SHOPS & SERVICES & NEW 80,000 SF FULL-SERVICE GROCERY AT YOUR DOORSTEP
· 24,000 SF OF PRIVATE ELEVATED GARDENS
· STUNNING CITY OR WATER VIEWS FROM EVERY HOME
1 BEDS FROM THE $340’S 2 BEDS FROM THE $420’S
CALGARY’S BEST AMENITIES, STEPS AWAY
YOUR OWN PRIVATEELEVATED GARDEN OASIS.Enjoy your own private, elevated 24,000 sf garden courtyard right above the riverfront with plenty of space to walk, relax, entertain friends or just escape. Venture beyond and you are connected to all that Evolution and the East Village have to o�er with every convenience, pleasure and amenity of downtown at your doorstep. What could be better than living right at the heart of it all?
06
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15 AVE SW
17 AVE SW THE BELTLINE
7 ST
SW
8 ST
SW
16 AVE SW
6 ST
SW
Met yet? Good looking. Loves city life.Enjoys the finer things.And super trustworthy.
This is not an offering for sale. Such offering can only be made with a disclosure statement. E.& O.E.
NOW SELLING: Presentation Centre 2nd Floor 850 16th Ave SW M-TH 12-6pm. S+S 12-5pm
Living cities
Smith is a collection of 129 boutique homes just off
17th Ave. tailored for people who want to live in an
established neighbourhood in a home built by an
esteemed developer. Let’s meet.
Homes from the mid $200,000s. Smith is now selling. Call 403.264.1703 or register at Smith17.com
NOW OPEN
newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 07
table of contents
010 editor’s note
columnists
020 contemplating condominiums Condo renter control by linda palfi
026 calgaryism Calgary: Canada’s ultimate sports city by cody battershill
042 saving space Planning for the perfect summer soiree by sylvia daoust
condo features 011 cover story
Smith offers buyers premier living in the heart of the 17th Avenue area by heather ryan
June 27 – July 25, 2014
volume 17 issue 07
Smith, Calgary’s newest
addition to the Beltline community
11
ColumnS, newS &
featureS
016 condo profile Bridgeland Crossings’ success spurs launch of second building by heather ryan
030 tech talk Jayman Modus launches game-changing technology for buyers by heather ryan
Homebuyers’ Help 018 Qualex-landmark
New homes for 168 families as popularity of Calgary’s downtown grows
028 tips & tricks Changing your address
038 avi urban Avi Urban launches Willow
039 style file Wall flower by elisa Krovblit
040 cmhc report May 2014 housing starts
046 hot topic How to avoid big problems in small spaces
054 mortgage matters Why mortgage rates vary from lender to lender by alyssa richard
055 homebuyers’ resource section
058 index
project location maps
015 Inner City 033 Satellite Communities037 Northwest Map041 Northeast Map045 Southwest Map049 Southeast Map
president, Wall2Wall media
Jacqueline Hilleditor-in-cHief / director of content
Susan Leggedirector of sales, national
Josh Heppnersenior sales manaGer, Western canada
Edwin Rizarriart director
Daiana Garayeditor
Lydia McNuttcontributinG editors
Sara Duck Wayne KarlElisa KrovblitdesiGn editor
Yanic Simard
media consultant
Natalie Houghton 587.226.1313like us on facebook:
search: calgarynewcondoGuide
production manager
Bala Gnanapandithan production co-ordinator
Greg Van SluytmanGraphic designers
Viosa Barileva, Caroline Wassef
2891 Sunridge Way N.E.Calgary, AB T1Y 7K7copyriGHt 2014 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.
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editorial Submissions from interestedparties will be considered. Please submit to [email protected]
The views and data expressed by columnists do not necessarily represent those of the publication.
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EDITOR’S NOTE
“GOOD DEBT”IS A WISE MOVE
LYDIA MCNUTTEDITOR
Wall2Wall [email protected]
Follow me on Twitter atTwitter.com/LydiasTweets
SUSAN LEGGEEDITOR-IN-CHIEF
Wall2Wall [email protected]
Follow me on Twitter atTwitter.com/SusanLegge
Like us on FacebookSearch: Condo Guide
Most newcomers to Canada tend to settle in larger cities, like Calgary. Since housing costs vary greatly across the country, finding the right place to live and work means doing some homework.
Not everyone has the same housing needs, so list the important features that you want to have in your community. Perhaps it’s great schools, proximity to transit, or plentiful job opportunities.
There are always trade-offs in the real world. Smaller cities usually have lower living costs, but you may require multiple vehicles to getyour family from point A to B. Larger cities offer more transit and job opportunities, but you will have to deal with traffic, congestion and a possible increase in housing costs.
Choosing a place to live is one of the biggest financial decisionsyou’ll ever have to make, and your decision will ultimately affect your way of life. Look for good value in the home you’re considering, in a place with a reasonable cost of living based realistically on your finances, as well as a great quality of life. You can’t go wrong when you know the realities.
CHOOSING THE RIGHTPLACE TO CALL “HOME”
Despite reports about rising real estate prices, Canadians still consider homeownership a wise move, and mortgage to be “good debt,” according to a recent consumer survey conducted by the Canadian Association of Accredited Mortgage Professionals.
At the end of the day, everyone needs a roof over their head. Real estate happens to be one of life’s necessities that actually pays off in the long run. While no one can guarantee what the value of your home will be in 20 years, ask your parents what they paid for their place and compare that to current market values. Odds are that you’ll be pleasantly surprised, if not completely shocked, at the increase in value. What other investment vehicle out there allows you to purchase and use something, then sell it for a profit of tens or hundreds of thousands of dollars, and not have to pay any tax on that earned income?
This, in a nutshell, is what happens when you sell your principal residence. Homeownership is a way of forced savings, and that equity is how many Canadians can afford to move up into their $1-million dream home, or head to the sunny south for a worry-free retirement.
In the meantime, if you’ve been considering buying a first home, now’s a great time to make your move. Interest rates are at record lows, and there are countless condo communities coming up across the city, offering a perfect stepping stone to financial freedom.
10 NEW CONDO GUIDE | VOLUME 17 ISSUE 07 | newcondoguide.com
cover story
// By HeatHer ryan
Smith offerS buyerS premier living in heart of the
17th avenue areaafter enjoying a Huge success witH its Drake conDo Development in
the Beltline, Grosvenor is following it up with its newest offering – Smith.Located in one of downtown Calgary’s most vibrant areas, Smith is
sure to be another hit with buyers who desire a premier address, urban-chic designs and upscale features.
“We were very pleased with the response we had to Drake, and being in such a fantastic neighbourhood, that keeps getting better, we decided to launch another project just a block away,” says Michael Ward, Senior Vice-President of Grosvenor Americas. “We launched presales of Smith in
newcondoguide.com | Volume 17 issue 07 | NEW CoNdo GuidE 11
March and sales are going really well; we’re getting close to starting construction.”
With Smith, Grosvenor has made the interior finishing package even better with features such as a five-burner gas stove and an integrated dishwasher that looks like part of the cabinetry.
“We’re also responding to our buyers’ needs by going to larger suite sizes,” he says. “We found there are still a number of first-time buyers looking for affordability, so Smith will have studio suites, but there are also those 30-something professionals, empty nesters, downsizers and people
buying their second or third home who desire additional space, which Smith offers.”
Smith is an 18-storey highrise presenting a distinctive collection of 129 homes being crafted in the heart of the trendy 17th Avenue area. Its stellar location on 15th Avenue just west of 6th Street S.W. means Smith’s residents can park their car and enjoy the convenience of 17th Avenue as they are just steps away from popular restaurants, nightlife, boutiques and services along the Red Mile. As well, the strategic Beltline location makes it easy to walk, bike or drive to work downtown, yet Smith is set back enough from 17th Avenue so residents can enjoy some richly deserved peace and quiet.
Smith offers buyers a variety of home styles including studios ranging from 449 to 479 sq. ft., one-bedroom plans from 498 to 679 sq. ft., one-bedroom-plus-den designs from 621 to 765 sq. ft., spacious two-bedroom/two-bathroom suites from 855 to 1,055 sq. ft., and two fabulous penthouse suites at over 1,500 sq. ft. each. There are also six two-storey, ground-level City Homes sized from 1,040 to 1,680 sq. ft. with 1.5 to 2.5 bathrooms.
“The City Homes are two-bedrooms, but for the first time we offered a
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each Smith residence is expertly crafted with clever floor plans that maximize space, modern styles and sought-after, high-end features and finishings
three-bedroom design because people are looking for larger space, and it sold in the first month,” Ward says.
Designed by award-winning BKDI Architects, Smith blends a striking exterior with smart floor plans to create extraordinary homes. Each Smith residence is expertly crafted with floor plans that maximize space, modern styles and sought-after, high-end features and finishings.
Well-appointed interiors include wide-plank, laminate hardwood flooring with acoustic underlay throughout the main living areas, pure wool-blend broadloom carpeting in all bedrooms, a complete blind package, in-suite laundry with washer and dryer, and generous balconies, patios or terraces with views of green space, the city or mountains.
Kitchens are sumptuous, serving up stainless steel appliances including a built-in wall oven and bottom-freezer fridge by Fisher Paykel, polished quartz slab countertops with an overhang for extra counter seating, contemporary stainless steel undermount sink with a single-lever European-style faucet, the choice of three horizontal-grain cabinetry options with under-cabinet lighting, and a delicious vertical stack ceramic tile backsplash for an eye-catching contrast.
Superior features also make for elegant bathrooms and include polished quartz slab countertops and matching backsplash, frameless glass showers, warm Nuheat flooring in main bathrooms with optional upgrade in the second bathroom, and oversized porcelain floor tiles and shower surround.
Buyers are able to personalize their suite with their choice of three classic colour palettes in light, medium and dark.
Smith also offers secured, well-lit underground parking, controlled access (street-accessed City Homes are equipped with individual security systems), two-, five- and 10-year warranty coverage and an extensive after-sales customer service program – all providing customers with peace of mind.
As well, Smith’s conveniences and comforts include building-wide fibre optic wiring, a bike-share program, tool library and an amenities space designed with socializing in mind.
Residents will also appreciate that Grosvenor is cleverly setting Smith back away from 6th Street to allow for the design and creation of a lush green space. The landscaped plaza frames Smith’s front entrance, giving residents and neighbours a tucked-away pathway, benches, blossoms and greenery to enjoy.
Heading into the grand lobby, buyers will love the fresh, welcoming look and that they have a dedicated front desk concierge who will streamline their day by offering conveniences such as package storage, car detailing, key service and dry cleaning.
For more information about Smith and to register, visit the presentation centre located on the second floor at 850 16th Ave. S.W., open Monday to Thursday from noon to 6 p.m.; and weekends and holidays from noon to 5 p.m. Call 403.264.1703 or visit smith17.com.
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CALGARY’S PERFECT LOCATION
Enjoy an unmatched quality of life in the West End from just $364,900.
This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.
10 S
T SW
5th AVE SW
PRESENTATION CENTRE: 1037 5th Avenue, SW, Calgary
Saturday & Sunday: 12pm–5pm Monday–Thursday: 12pm–6pm Closed Fridays
403-530-8455
NOW SELLINGAVENUEWESTEND.COM
The West End is an established neighbourhood with an impressive WalkScore of 97 out of 100. Let your feet carry you to the wine bars and boutiques of Kensington or the downtown core with ease.
This naturally urban neighbourhood gives you the best of both worlds: the Bow River pathway outside your door and access to the indoor +15 network linking you to all of Downtown.
Avenue gives you a front-row seat to incredible views, from the Bow River’s gentle movement and the distant Rocky Mountains, to the excitement of city life moving in all directions.
Avenue offers details found nowhere else in Calgary, including real hardwood flooring, air conditioning, parking, and the renowned CresseyKitchenTM
with its revolutionary storageand walk-through design.
UNDER CONSTRUCTION
14 NEW CONDO GUIDE | VOLUME 17 ISSUE 07 | newcondoguide.com
9 AVE S
26 AVE S
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TALISMAN SPORTS CENTRE
MILLENNIUMPARK
GREYHOUNDBUS TERMINAL
COLONELBELCHERHOSPITAL
CITYHALL
CONVENTIONCENTRE
PRINCE’S ISLAND PARK
ROTARYPARK
RILEYPARK
EAU CLAIREMARKET
MOUNT ROYALVILLAGE
CALGARY EXIBITION AND
STAMPEDE PARK
FORTCALGARY
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09 LiFFT BY VERICON REAL ESTATE VENTURES Coming soon to Renfrew-Bridgeland liveLiFFT.com
10 BRIDGELAND CROSSINGS BY APEX CITY HOMES bridgelandcrossings.ca
11 SOBOW BY M2I DEVELOPMENTS CORPORATION 1640-170A St. SE
13 FIRST BY FRAM + SLOKKER East Village Experience Centre 553 Riverfront Ave. SE
14 6TH & TENTH BY LAMB DEVELOPMENT CORP.
15 LUCIDA BY CHELSEA HOMES 3804 MacLeod Tr. S
16 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com
17 916 BY SABLE DEVELOPMENTS 916 Memorial Drive
18 EVOLUTION BY EMBASSY BOSA INC. East Village Experience Centre 553 Riverfront Ave. SE
19 VERVE BY FRAM + SLOKKER Sales Centre Now Open in East Village
20 LIDO BY BATTISTELLA Sales Centre 1120 Kensington Rd
21 EINSTEIN2 IN BRIDGELAND BY PROVIDENCE GROUP COMING SOON Register: einsteincalgary.com
22 ALEX BY ASSURED DEVELOPMENTS Presentation Centre: 2719 14th St. SW
23 MISSION 34 BY ASSURED DEVELOPMENTS 98 Mission Road SW mission34.ca
01 RIVERFRONT POINTE BY CARLISLE GROUP 101 Riverfront Avenue S.E.
02 PARK POINT BY QUALEX-LANDMARK Coming Soon Register now at Qualex.ca/ParkPoint
03 43 PARK BY VERICON REAL ESTATE VENTURES 43park.ca
04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.
05 VEN BY BUCCI 835 5th Ave. NW Show Suite 306 10th St. NW vencondos.com
06 AVENUE BY GROSVENOR & CRESSEY 1035 5th Ave. SW
07 SMITH BY GROSVENOR Visit Sales Centre at 850-16th Ave. SW, 2nd Floor
08 DISTRICT BY BOULEVARD INVESTMENTS Sales Centre Now Open 305 18th Ave. SW
INNER CITY
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condo profile
// By HeatHer ryan
Bridgeland crossings’ success spurs launch of second building
w ith the first phase of Bridgeland Crossings being a tremendous hit with buyers, Apex Cityhomes is excited to launch the second phase of this dynamic apartment-style condominium
community in this highly sought-after northeast Calgary community. “The first building has been very successful because buyers really like
the neighbourhood; in Bridgeland, they can walk to a variety of trendy restaurants and coffee shops, and enjoy pathways, parks and bike trails, and yet they’re just minutes from the downtown core for work,” says Justin Korotva, project manager, Rennie Marketing Systems, noting the location is across the street from the C-Train Station and it’s an easy walk or bike ride to the city centre.
“We’ve had such a great response to the first building that we’re almost sold out, so we’re launching Phase 2 – the second building on the north side of the site,” he says.
Crafted by Apex Cityhomes, this second phase of Bridgeland Crossings presents 143 suites in an eight-storey building at the corner of Memorial Drive and 9th Street N.E. located beside McDougall Park and across from Murdoch Park, so buyers will have phenomenal park and downtown views.
“We got a lot of feedback from our buyers in the first building, and we learned a number of our buyers are downsizers who desire large suite sizes,” Korotva says. “So the second building will offer bigger suite sizes with larger kitchens and, based on the feedback, the majority of the suites will be two-bedrooms, but we’re also offering three-bedroom suites for the first time.”
With Bridgeland Crossings, Apex has focused on creating livable floor plans at attractive price points that will appeal to first-time buyers, young professionals and people looking to downsize. Homes start from $314,900.
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In Phase 2, buyers can choose from more than 30 different floor plans, with one-bedroom homes ranging from 568 to 664 sq. ft., two-bedroom homes ranging from 713 to 1,105 sq. ft., and three-bedrooms ranging from 1,119 to 1,279 sq. ft.
Buyers will appreciate the high-end interior features and appliances, including natural wood grain laminate flooring, engineered stone countertops, KitchenAid gas cooktop and wall oven, full-sized, French-door stainless steel Fisher Paykel refrigerator, built-in microwave, islands with eating bars, extra-large decks, in-suite laundry with front-load washer and dryer, pantry space, linear glass or natural stone backsplash, air-conditioning, and there is a double bathroom vanity in most of the larger suites for this phase. Buyers can choose from two colour schemes and each suite includes one underground parking stall and storage locker.
“Suites in Phase 2 will also feature a more modern, updated space, yet they are totally livable and functional,” Korotva says.
As well, the suites include a technology package designed for today’s modern lifestyle, including motion sensors in the closets and NEST thermostats that can be operated using your smartphone.
Residents will also enjoy an elaborate range of amenities on site, including a sports lounge, dog-wash station, a huge one-acre outdoor courtyard with putting green, bike hub station, a fitness centre and a guest suite.
The building itself boasts elegant architecture that fits nicely within the community of Bridgeland, an established neighbourhood that is rich in heritage and culture, located only five minutes from downtown and Kensington. It’s also going through redevelopment and is home to a number of great restaurants, markets and
boutique shops placing a range of amenities minutes from the doorstep. Apex Cityhomes is currently previewing Phase 2 of Bridgeland Crossings. Learn more by visiting the newly renovated sales centre and showsuite – the popular two-bedroom K plan. the centre, at 824 1st ave. n.e., is open noon to 6 p.m. daily except fridays. Visit today for priority access. register by calling 403.269.2805 or by visiting online at bridgelandcrossings.com.
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In The news
Qualex-landmark, one of Calgary’s mosT
successful condominium developers in the Beltline area, has announced that the last of its new homeowners have moved into its newest community – CALLA. This fourth condominium building built in Calgary by Qualex-Landmark is comprised of 168 new garden-inspired, quality-crafted park-side homes located at 14th Avenue SW and 6th Street.
“This is a celebration for our 168 new homeowners and for Qualex-Landmark,” says Roger Navabi, president of Qualex-Landmark. “In 2011, we believed that if you gave Calgarians the option to enjoy the best elements of urban living, a lot of them would take it. We still believe this, as the inner-city densification of Calgary is creating a very attractive and popular urban lifestyle.”
Further contributing to the vibrancy of Calgary’s Beltline, Qualex-Landmark sculpted CALLA to blend into its desirable location overlooking Beaulieu Gardens and the historic Lougheed House.
As anticipated and attributed to the work of an award-winning team of visionaries and designers, CALLA’s 12-storey iconic design, combined with Qualex-Landmark’s trademark contemporary detailing and quality craftsmanship, has appealed to a range of homebuyers including empty nesters, young urbanites and families.
Qualex-Landmark’s commitment to Calgary and the development within its Beltline community does not end here. With more than 1,000 chic residences found at Qualex-Landmark projects Stella, Nova, Luna, Calla and Mark on 10th, now occupied or almost sold out, Qualex-Landmark continues to show tremendous faith in the Calgary market and enjoys continued momentum as they announce early registration for their newest community, Park Point at qualex.ca/parkpoint.
Overlooking Central Memorial Park, Calgary’s oldest park and one of the most historic in Canada, Park Point is situated on the former CIBC Operations Centre
new homes for 168 famIlIes
as popularity of Calgary’s downtown grows
building site located at 12th Avenue and 2nd Street SW. Park Point will be another meticulously designed Qualex-Landmark residential community in Calgary’s Beltline. Like all Qualex-Landmark communities, Park Point will feature an elegant, innovative and original design. Early registrants will be kept up to date as details are released on this mixed-use community.
“The response to our communities has been very positive. We are pleased to be in a position to provide more first-class residential offerings to Calgary’s urbanites. Park Point will continue what has become our tradition within the Beltline,” says Mohammad Esfahani, Qualex-Landmark’s managing director.
Based on the Calgary Real Estate Board (CREB) 2014 Economic Outlook & Regional Housing Forecast, Qualex-Landmark’s success will likely continue to be realized.
“Many of the demand factors in 2013 will continue to fuel the housing market in 2014. Gains in migration and employment growth, as well as the tight rental market, will continue to increase demand for housing into 2014,” according to Anne-Marie Laurie, CREB’s chief economist, suggesting a positive outlook for Calgary’s downtown residential core and Qualex-Landmark’s signature communities.
18 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com
QLD 8002 Qualex_Park Point ParkPointAd_TeaserAd_NewCondoGuide_20140627.ai
Material deadline - Thurs, JUNE 19 INSERTION DATE - Friday, JUNE 27Upload high res pdf to Web: https://wall2wallmedia.sharefile.comUser: [email protected] PSWD: guest123Rep: Natalie Houghton
18.06.14
10.06.14F LR/SF
DOCKET # PROJECT FILE NAME
SIZEPROOF
INITIAL SETUP DESKTOP ARTIST
NOTES
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C M Y K
OK as is
OK with changes
Supply new proof with changes
d . m . y
d . m . y
Trim Size: 7.5˝ x 10.5˝ Live: 6.75˝ x 9.75˝Bleed: 0.125˝ all around
CALGARYPARKSIDE LIVINGON CENTRAL MEMORIAL PARK
QUALEX.CA/PARKPOINTREGISTER NOW
This is not an offering for sale. E.&O.E.
CENTRAL PARK
12TH AVE SW
2ND
ST
SW
Another original development by
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INNER CITY
CONTEMPLATING CONDOMINIUMS // by LINDA PALfI
Linda Palfi is a condominium-specialist realtor with Discover
Real Estate. She has overseen many condo projects as the chair
of her condo board, and is a member of the professional standards
committee of the Calgary Real Estate Board. Further articles and her Calgary Condo
Directory can be found online at CondosInCalgary.com. Call Linda
for more information at 403.998.7732
CONDO rENTEr CONTrOL
Owners of condominium homes have far more protection against noisy neighbours than people in 100-per-cent rental apartment or townhouse complexes. While there is tenant protection law in
Alberta through the Residential Tenancies Act, the Condominium Property Act comes first when it’s necessary to ask a party to vacate the premises.
That bias in favour of condo homeowners is a great protection for our quiet lifestyle and our investment value. It also means that we can rent out our condo if necessary, but there are strict guidelines to follow.
The first protection for condominium homeowners is that they can require the equivalent of one month’s rent for a damage deposit from the unit owner who is renting out his or her home. That’s apart from any damage deposit he or she might ask from the tenant. While the homeowner wants some protection against possible damage inside the home, the condo corporation need protection in case of damage to common property.
Secondly, all corporation bylaws that apply to homeowners apply equally to those who rent condo homes, be that through a rental pool or individually from a single unit owner. Before renting out a condo home, the owner should go over the bylaws with the tenant-to-be, and obtain agreement that the renter will abide by every regulation the homeowners themselves have put in place. A tenancy agreement cannot exempt renters from condo corporation bylaws.
An owner renting out his suite is jointly responsible with the tenant for any damage and for bylaws that are not followed. In other words, if the tenant is noisy, the owner is equally guilty of the sin.
A third protection for owners is that most condo bylaws specify that an owner renting out his suite is jointly responsible with the tenant for any damage and for bylaws that are not followed. In other words, if the tenant is noisy, the owner is equally guilty of the sin. If the tenant causes damage to common property, the owner has equally caused the damage.
Lastly, condo owners are protected by the priority of the Condominium Property Act over the Residential Tenancies Act, should it come time to ask a renting party to move along. And the condominium corporation can issue the eviction notice. It does not have to ask the unit owner to do the job, or wait for the owner to act.
This structure means that condominium complexes are usually quieter and tidier than most rental complexes, even when many of the condo homes are rented to tenants. The condominium rules are tighter and the enforcement is usually stricter. This even benefits those renters who want a high standard of maintenance, operation and supervision in their accommodation.
20 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com
Meet Miriam
just steps away from...well, everything!
didn’t need to look any further
INNER CITY
21
INNER CITY
C
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Y
CM
MY
CY
CMY
K
einstein2 ad_v2_CondoGuide_HIGHRES.pdf 1 27/03/2014 1:44:58 PM
Now Selling Second ReleaseALL under $375,000
ALREADY 50% SOLD
From the developer oF 6th and tenthmarKetInG
Live on an orchard in the middle of the city
where a river runs through.
EDMONTONTORONTOCALGARY OTTAWAAll
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s are
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24
25
CALGARYISM // BY CODY BATTERSHILL
Cody Battershill is the founder of Calgaryism and a top producing realtor at
Re/Max House of Real Estate. Born and raised in Calgary, Cody has a passion for helping his clients accomplish their real
estate goals and loves to show off the best Calgary has to offer! He can be reached at
403.370.4180, on Twitter @Calgaryismand Calgaryism.ca
Calgary has been named the fi fth ultimate sports city in the world, and with no
other Canadian cities in the rankings, this also makes it tops in Canada!
Calgary’s place among the top sports cities in the world was announced at the global SportAccord Conference held in Belek, Turkey in April, as part of the Ultimate Sports City Awards.
Calgary: CANADA’S ULTIMATE SPORTS CITY!
� ese awards are the longest-running of their type, held every two years since 2006 and are fully recognized by the international community. Way to go Calgary!
Here are the Top 10 Ultimate Sport Cities of 2014:
01 LONDON Score of 662, city of XL size02 MELBOURNE Score of 637, city of L size03 AUCKLAND Score of 614, city of M size04 COPENHAGEN Score of 536, city of M size05 CALGARY Score of 534, city of S size06 MANCHESTER Score of 493, city of S size07 SYDNEY Score of 484, city of L size08 GLASGOW Score of 479, city of S size09 NEW YORK Score of 470, city of XL size10 BERLIN Score of 445, city of L size
SportBusiness Ultimate Sports Cities head judge Rachael Church-Sanders commented on Calgary’s fi rst-ever appearance, and its success in the rankings as the best “small” city.
“Calgary swept the board through its achievement of high rankings for categories like security, event strategy, hosting, public sports interest/tourism and legacy. It is truly a world-class sports city that puts sports at the centre of its very being.
"Prime examples would be its hosting of the annual Calgary Stampede and Spruce Meadows horse events that have much history behind them, as well as the growing and dynamic Calgary Sports and Entertainment Corp.
"� ey have shown that Calgary has a robust calendar of cultural and sporting events that all lay under one major umbrella – the Calgary Sport Tourism Authority.
"Calgary is a city that has strongly embraced the 1988 Winter Olympic Games and continues to honour that legacy through renovations of those buildings used in the games, and planning that continues their involvement in local activities and events.”
It’s very true – sports are closely tied to much of the best entertainment our city has to off er. Whether it's zip-lining or skiing at Canada Olympic Park, taking in the rodeo at the Calgary Stampede, or a hockey game at the Saddledome, our sports facilities will continue to be important focal points in the community today and for many years to come.
JOIN US
Want to learn more about the “Heart of the New West,” also known as Calgary? We invite you to join us and thousands of other people at Calgaryism on Facebook, Instagram and Twitter today!
26 NEW CONDO GUIDE | VOLUME 17 ISSUE 07 | newcondoguide.com
100 Things to Love About
• Concrete Construction
• Energy Efficient Heating & A/C
• Built Green ™
• 9000 sq ft Gym
• Bright, Open Floor plansSHOW SUITES NOW OPEN
MOVE IN THIS FALL!One Bedrooms from $310K Two Bedrooms from $376K Townhomes from $545K
ON THE PARK, BY THE RIVER, IN INGLEWOOD. SOBOWCONDOS.COMSoBow
Invest in yourself. Visit us today!
SoBow SALES CENTRE
| # 1640 17A STREET SE
| TUESDAY - FRIDAY 12PM - 6PM
| SATURDAY - MONDAY 12PM - 5PM
CONTACT
| 587.353.8955
| DAVID FRID [email protected]
| MONIKA BLACHUT [email protected]
Tips & Tricks
changing your address?
❏ Accountant
❏ Alumni association
❏ Attorney
❏ Banks
❏ Lending institutions
❏ Insurance companies
❏ Investment companies
❏ Canada Revenue Agency
❏ Stockbroker
❏ Credit card company
as soon as possible… Notify family and friends, companies and institutions that your address will be changing, either by phone or by mailing the change-of-address cards available at your local post office. The following checklist will serve as a convenient reminder:
❏ Employer
❏ Family doctor
❏ Dentist
❏ Veterinarian
❏ Frequent flyer program
❏ Magazine / newspaper subscriptions
❏ Catalogs
❏ Place of worship
❏ Update your driver’s license
Plan ahead to make your move as smooth as possible, and ensure nothing gets lost in the shuffle!
28 NEW CONDO GUIDE | VOLUME 17 ISSUE 07 | newcondoguide.com
7TH AVE NE
8TH AVE NE
6T
H S
T N
E
16TH AVE NE
RENFREW
BRIDGELAND
ED
MO
NTO
N T
RA
IL N
E
MEMORIAL DR NEBOW RIVER
N
5T
H S
T N
E
SALES CENTRE
701 7th AVE NEMon-Thurs: 12-6 PMSat-Sun: 12-5 PM
PROJECT LOCATION
29
Tech Talk
// By heaTher ryan
Jayman modus
launches game-changing technology for savvy buyers
jayman Modus is tuning into tech-savvy condo buyers by launching two innovative ideas
–Modus Matrix Augmented Reality and Next Generation
Touchscreen, designed around their technology-driven lifestyles.
“For a more traditional industry (home building) this game-changing technology is really breaking boundaries,” says project marketing specialist Sandi Serr. “A lot of buyers today are more tech savvy, and these tools break down barriers and provide them with all the information they need to make the right decision before they buy.”
With 89 per cent of smartphone users searching online to make purchasing decisions, the need for
technologically advanced communication is vital and Jayman Modus understands that as technology grows, it’s crucial to embrace it in order to enhance the overall consumer experience.
With this in mind, Modus Matrix and Next Gen Touchscreen technology were created to provide buyers with not just product details, but with the ability to experience and visualize themselves in a Jayman Modus townhome and community before it’s built.
“We’re excited to offer this innovative technology as part of the customer’s sales experience. The Modus Matrix and Next Gen Touchscreen is Jayman Modus’ way of providing ground-breaking communication options driven by our customers’ own creativity and initiative,” Serr says.
Modus Matrix offers users the unique ability to visually explore interior and exterior architectural details, as well as community features such as walkways and landscaping from a 3D augmented realty perspective – wherever they are.
“In this case, you can take a Jayman Modus ad, open the Matrix program that you can download on your iPad, iPhone or Google Android, scan the ad and the entire community (Avira in EvansRidge) builds itself right before your eyes,” Serr explains. “It’s a 3D image of the community
30 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com newcondoguide.com | Volume 17 issue 07 | NEW CoNdo GuidE 31
Jayman-Modus 06-27-14.indd 1 2014-06-19 11:03 AM
LIFE HAPPENS ON THE INSIDE.
So you’re looking for a condo or townhome that fits your life. Take a moment to think about this. Modus offers more choice in Alberta than any other
multi family builder. The largest combination of interior options, amenities, models, building styles, communities, cities, price points and services. With
choices like this your new home is really only limited by your imagination.
SO BUILD YOUR HOME AROUND YOUR LIFE NOT THE OTHER WAY AROUND.
Jayman-Modus 06-27-14.indd 2 2014-06-19 11:03 AM
WITH MODUS YOU GET:
■ ■ ■ a solid and thoughtfully designed product based on 30 plus years of industry experience.
■ ■ ■ the best in industry interest rates.
■ ■ ■ into your home easier with our down payment savings program.
■ ■ ■ an improved quality of living with included amenities like gyms, courtyards, parks, party rooms and more.
■ ■ ■ a smooth transition with our complimentary moving van.
■ ■ ■ help selling your home for the best possible market value.
■ ■ ■ one year jayman service warranty.
■ ■ ■ to save money on legal fees.
...........................................................
Jayman-Modus 06-27-14.indd 3 2014-06-19 11:03 AM
The Jayman Modus Down Payment Savings Program is an opportunity to continue saving money towards your down payment while your home is being built. Program suitable for Pre-Sale homes and homes with 6 month + occupancy.
Example. Purchase July 2014 with occupancy February 2015
Purchase Price 330,000 plus GST 16,500 (GST) 5,940 (Rebate if applicable) 340,560 5% down $17,028
Payment Structure 1000 Deposit Hold July 7,514 2.5% (consolidation - approximately 10 days)
Remaining 8,514 staggered monthly until last payment 45 days prior to possession
August 1702.80 September 1702.80 October 1702.80 November 1702.80 December 1702.80
Buying a home is possible!
ASK USabout the
Jayman Modus DownPayment Savings
Program
Jayman-Modus 06-27-14.indd 4 2014-06-19 11:03 AM
Jayman-Modus 06-27-14.indd 5 2014-06-19 11:03 AM
F R O M O U R S H O W R O O M
VIEW AND COMPARE MODELS WITH OUR NEXT GENERATION TOUCHSCREEN TECHNOLOGY
EXPERIENCE THESE NEW TECHNOLOGICALADVANCES IN THIS MODUS COMMUNITY:
65 Evansridge Court NW, Calgary
Jayman-Modus 06-27-14.indd 6 2014-06-19 11:03 AM
T O Y O U R L I V I N G R O O M
BUILD A MODEL OF OUR HOMES RIGHT BEFORE YOUR EYES WITH OUR INCREDIBLE NEW AUGMENTED REALITY APPLICATION
m o d u s m a t r i x . c o mDOWNLOAD THE APP HERE:
DOWNLOAD THE APP TO YOUR PHONE OR TABLET & SCAN THIS ADFOR AN UNREAL HOMEBUYING EXPERIENCE.
Jayman-Modus 06-27-14.indd 7 2014-06-19 11:03 AM
Currie Barracks Sales Centre2953 Battleford Avenue SW
from $470’s to
$1.7m++GST
• 870 sq ft – 2543 sq ft • Airy 10’ ceiling heights • Upscale premium finishes; quartz waterfall countertops, 5” hardwood
flooring, tile flooring, KitchenAid stainless steel high end appli-ances • AC • up to 512 sq ft decks on floors 1-3; up to 1347
sq ft decks on 4th floor • Underground heated garage
Upscale City Living at its Finest1-3+ bedroom condos (3 buildings)
Signature Residences + Luxury Penthouses
featuring:• 1411–1466 sq ft boulevard homes • 1578–1638 sq ft extra wide ravine view homes • Almost all homes have south facing
decks • Double master options • Open concept • 9’ ceiling • Flex space on lower level
• Stainless steel appliance package • Washer & dryer
NEW SHOWHOME - NOW OPEN
3 bedroom townhomes with double car garage
featuring:
from $370’s +GST
9 Nolan Hill Blvd NW
Move inSummer 60%
SOLD OUTBuilding 2
JUST RELEASED
Move inFall ‘15
Jayman-Modus 06-27-14.indd 8 2014-06-19 11:03 AM
• 7 floor plans • 622 sq ft – 1040 sq ft • 9’ ceilings• Engineered laminate flooring • Ceramic tile flooring
• Granite countertops • Stainless steel appliances• Washer & dryer • State of the art fitness gym
• Underground heated parking
• 1170 sq ft – 1649 sq ft • 9’ ceilings on main floor• Single, tandem and double heated garage • Flex room on
select homes • Stainless steel appliances • 2.5 bath • 3 interior color palette choices
• Washer & dryer
T h e U l t i m a t e i n C h o i c e a l l w i t h i n a F o u r S e a s o n L a k e C o m m u n i t y
1+ den & 2 bedroom condos2 & 3 bedroom townhomes with garage
featuring:featuring:
from $220’s +GSTfrom $330’s +GST
211 Mahogany Way SE211 Mahogany Way SE
Move inSummer
Move inDec ‘14
Jayman-Modus 06-27-14.indd 9 2014-06-19 11:03 AM
65 Evansridge Court NW
And Now For Something Different
2 & 3 bedroom townhomes with garage
• 1200 sq ft – 1726 sq ft • 9’ ceilings on main floor• Single, tandem and double heated garage • Flex room on
select homes • Stainless steel appliances • Laminate and ceramic tile flooring • Granite countertops • AC RI
• Upper level laundry with washer & dryer
featuring:
from $330’s + GST
Pre-ConstructionPricing
2 & 3 bedroom townhomes with garageNew Bi-Level Plan
FOR INFO PRE-REGISTER TODAY jayman.com/rise
Riversong, Cochrane
OPENING LATE SUMMER 2014
Jayman-Modus 06-27-14.indd 10 2014-06-19 11:03 AM
The name Modus stands for how we do things. In the past 30 years we have
learned that to improve the quality of our customers’ lives it’s important that we
build around their lifestyles and not the other way around. This is how we do
things. We are there for you through the entire process and have the experience
and connections that no other multi family builder has. This ensures the smoothest
transition possible during your home buying experience.
It’s just what we do.
Jayman-Modus 06-27-14.indd 11 2014-06-19 11:03 AM
Sales Centre Hours:Mon to Thu 2 - 8 pm
Sat/Sun 12 - 5 pm
jayman.com/modusjayman.com/modus
/jaymanmodus/jaymanmodus
Based on the J.D. Power and Associates 2013 Alberta Multi-Family New Home Builder Customer Satisfaction StudySM conducted in association with the Professional Home Builders Institute of Alberta. Study measures ANHWP builder members and participating builder members of PHBIA, which represent more than two-thirds of all new single-family homes built in Alberta. For more information, visit jdpower.com
Jayman Modus Calgary is a Builder of Excellence for providing “An Outstanding Home Ownership Experience” for Multi-Family Homes in Alberta.
Jayman-Modus 06-27-14.indd 12 2014-06-19 11:03 AM
“ A lot of buyers today are more tech savvy, and these tools break down barriers and provide them with all the information they need to make the right decision before they buy”
and you can spin it around to look at different details, take a walk through the streets, touch a building to see exterior details, see the view you’ll have from your front window. And, go even further, touch a wall and see what the inside of the bedroom looks like. You can touch on a panorama icon and it puts you in a room so you can see where your furniture can all be placed – all before construction has even started.
“The next feature is something we believe has never been done before, and that is Geo-location, which allows a person to walk out onto the site and actually see full-scale imaging of the community complete with landscaping,” she says.
Now featured in the Avira in EvansRidge sales centre and coming in the next few weeks and months to other locations, the Next Gen Touchscreen technology provides a comprehensive library of all Modus product details including 3D rendered interior colour palette selections.
“With Next Gen Touchscreen, we wanted to make it simple so people could walk up and touch the screen, and feel like they were using it for years,” says vice-president Norm Mross.
“They also have live social media, so they can actually see if the model they are looking at is sold and what the price is up to the minute. And there is a mortgage calculator to tell them if they can qualify to purchase the home they want.”
A ‘Send This To Me’ function allows a person to grab a video or image and toss it to the ‘Send This To Me’ folder so they can review it later.
“Typically you’d go into a sales centre and walk away with a stack of brochures that you’ll eventually throw away,” Serr says. “This way, you have everything stored conveniently that you wanted communicated and you can review it anywhere, so it’s much more convenient for buyers.”
To learn more or test out the modus matrix augmented reality app, please visit modusmatrix.com or visit avira in evansridge, 65 evansridge court n.W. coming soon to other community locations.
30 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com newcondoguide.com | Volume 17 issue 07 | NEW CoNdo GuidE 31
REGISTER ONLINE AND TAKE $1000 OFF YOUR PURCHASE PRICE!
condosinairdrie.com 403.980.2817
90% SOLD.2 bedroom condos
from the mid 200’s. MOVE IN NOW.
32
SATELLITE COMMUNITY
AIRDRIE
STRATHMORE
COCHRANE
LANGDON
22X
22X
22
22
2
2
2A543
22X
1
1
1A
LETHBRIDGE
HIGH RIVER
BLACKDIAMOND
TURNERVALLEY
OKOTOKS
CHESTERMERECALGARY
546
797
09 11
15
20 SUNSET BY JAYMAN INNOVATIONS24 Sunset Rd.Cochrane, Alberta
AIRDRIE09 CREEKSIDE VILLAGE
BY CARLISLE GROUP8th & MacKenzie WayAirdrie, Alberta
10 STONEKEEP AT KING’S HEIGHTS TOWNHOMESBY MERGE DEVELOPMENTS1225 King’s Heights Way SE Airdrie, Alberta
11 THE EDGEBY STREETSIDE DEVELOPMENTS604 East Lake Blvd N.E.Airdrie, Alberta
12 RAVENSWOODTOWNHOMESBY SLOKKER CANADA WEST2802 Kings Heights Gate
13 BROOKSIDE AT BAYSPRINGSBY MERGE DEVELOPMENTSComing Soon to Yankee Valley Blvd. and 24th St. SWBrooksideAtBaysprings.com
15 CHESTERMERE TOWNHOMESBY SLOKKERCANADA WEST#300 Marina Drive, Chestemere
17 ZEN OKOTOKS BY AVALON MASTERBUILDERwww.zeninbalance.com
03 CONCEPTBY JAYMAN MODUS201 Sunset Drive,Cochrane, Alberta
04 SUNSET POINTEBY CALBRIDGE HOMES302 Sunset PointeCochrane, Alberta
05 STONE CREEK LANDINGBY CARLISLE GROUP103 - 5th Avenue, West, Cochrane, Alberta
COCHRANE01 TOWNHOMES AT
JUMPING POUND RIDGEBY SLOKKER CANADA WEST Sales Centre on George Fox Trail just past Jumping Pound Terracewww.slokker-west.ca
02 HEARTLAND TOWNHOMESBY EXCEL HOMES1178 Clydesdale Way,Cochrane, Alberta
06
CALGARY’S SATELLITE COMMUNITIES
0507
0302
08
13 10 12
06 THE VILLAGEBY CALBRIDGE HOMES3102-15 Sunset SquareCochrane, Alberta
07 RIVERREACH VILLAS& MANORSBY JAYMAN MASTERBUILT13 Riviera WayCochrane, Alberta
08 THE RANGEBY BIRCHWOOD PROPERTIES CORP.101 Heartland AvenueCochrane, Alberta
01
17
04
20
newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 33
Visit the new real estate section on canpages.caand start looking for that special place.
Search yourfavorite neighbourhood
Find out about nearbyservices and amenities
View new construction projectsand register to get the latest info
We think fi nding a home is a lot more than simply fi nding the right property.That’s why we put you right in the middle of the search process.
IN THE MARKET FOR A
NEW HOUSE OR A CONDO?
Powered by
canpages_filler_VF.indd 1 13-02-26 4:50 PM
OKOTOKSOKOTOKSSHEEP RIVERSHEEP RIVER
WESTLAND RD
WESTRIDGE DRWESTRIDGE DR
BIG ROCK TR
2A
2A7
CALG
ARY
SOU
THR
IDG
E DR
SOU
THR
IDG
E DR
ZEN Okotoks CG 20140619.indd 1 19-06-14 11:15
780 Varsity Estates Dr NW Calgary, AB T3A 1W9Telephone: 403.286.8143 | www.grovesofvarsity.comCall today for your appointment
Perfect Location in Varsity
15 Minutes to Downtown
Steps Away from Dalhousie LRT Station
Concrete & Steel Construction
Private Penthouse Health Club
Underground Heated Parking
1, 2 & 3 Bedroom Suites Now Available
Final Phaseof CondosNOW SELLING!
2011 25 Years
CHBA - Calgary Region
Celebrating
2012
CHBA - Calgary Region
NORTHWEST
NOSEHILLPARK
16 AVENUEOLD BANFF COACH ROAD
16 AVENUE CENT
RE S
TREE
T
EDM
ONT
ON
TRAI
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14 S
TREE
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85 S
TREE
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GLENMORE TRAIL
69 S
TREE
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BARL
OW
TRA
IL36
STR
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ME MOR IAL DR IV E
M
acLE
OD
TRAI
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ANDERSON ROAD
SOUTHLAND DRIVE
BOW BOTTOM
TRAIL
MacLEOD TRAIL
MARQUIS OF LORNE TRAIL
JAMES M
cKEVITT
ELBO
W D
RIVE
BLAC
KFO
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TRAI
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SHAWNESSYBLVD.
GLENMORERESERVOIR
CROWCHILD TRAIL
BEDDINGTON TRAIL NW
JOHN LAURIE BLVD.
SHAG
ANNA
PI TR
AIL
STONEY TRAIL
COUNTRY HILLS BLVD.
DEER
FOOT T
RAIL
HARV
EST H
ILLS
BLVD
NE
DEERFOOT TRAIL
64 Ave
37 S
TREE
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SARC
EE T
RAIL
17 Ave
32 Ave
16 AVENUE
FISH CREEK PARK
CALGARYINTERNATIONAL
AIRPORT
14 STREET
STONEY TRAIL NW
85 ST. NW
ROCKY RIDG
E BLVD.
SYMO
NS VALEY RD.
PANORAM
A ROAD
STONEY TRAIL NW
144 AVE NW.
PANO
RAM
A RO
AD N
W.
CENT
RE S
TREE
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SYMONS VALLEY RD.COUNTRY HILLS BLVD.
NOSE
HILL
DR.
08 VARSITY LANDING BY CARLISLE GROUP 3951-46 Avenue NW
10 SAGE PLACE BY CARDEL LIFESTYLES Now Open Show suite 175 Panatella Hill NW
13 SAGESTONE BY GREENVIEW DEVELOPMENTS livesagestone.com
14 UNIVERSITY CITY BY KNIGHTBRIDGE
15 THE GROVES OF VARSITY BY STATESMAN HOMES 5353 Crowchild Trail NW
16 COVENTRY STATION BY HUNTER RESIDENTIAL DEVELOPMENTS 13001 Coventry Hills Way www.coventrystation.ca
17 BROWNSTONES BY GENESIS BUILDERS GROUP 16 Sage Meadows Circle NW
18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES 881 Sage Valley Boulevard www.sonomasagehill.com
19 916 BY SABLE DEVELOPMENTS Sales Centre Now Open
20 THE POST (NOLAN HILL) BY AVI URBAN 64 Nolan Hill Gate www.aviurban.com/thepost
21 LIDO BY BATTISTELLA Sales Centre 1120 Kensington Rd
22 AVIRA BY JAYMAN MODUS Coming Soon
NORTHWEST COMMUNITIES
16
01
04
15
14
0219
21
05
08
1810
06
1703
01 PANORAMA WEST BY CARDEL LIFESTYLES 175 Panatella Hill NW
02 VEN BY BUCCI Coming Soon Show Suite 306 10th St. NW
03 VIRIDIAN BY TRICO HOMES Sales Centre Now Open 3503 Sage Hill Drive NW
04 SWAN LANDING BY SWAN GROUP 500 Rocky Vista Gardens N.W.
05 ENCORE AT KINCORA BY CARLISLE GROUP 37th Street and Kincora Glen Road N.W.
06 TRINITY BY JAYMAN MODUS 9 Nolan Hill Blvd. NW
07 SAGE HILL VILLAGE BY SLOKKER CANADA WEST INC. Sage Hill View NW
13 0720
22
newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 37
In The news
AvI UrbAn Is lAUnchIng TheIr newesT
multi-family development, Willow at Sherwood. Located at 569 Sherwood Blvd. NW (with the sales centre at 64 Nolan Hill Gate NW), this styled collection of 83 townhomes was released for sale on Saturday, June 21, with launch pricing starting in the $300’s.
“We are excited to launch this brand new townhome development in the incredible master-planned NW Calgary community of Sherwood,” says Chris Pollen, sales and marketing manager for Avi Urban. “The homes at Willow are about authentic architecture mixed with cool modern forms. Situated in a great location with easy access to Calgary’s best parks and amenities, Willow at Sherwood is a place where homeowners will love to live.”
Townhomes in Willow at Sherwood feature two- and three-bedroom options, range from 1,100 1,400 sq. ft., and offer two-car attached tandem garages.
Authentic colonial architecture features mixed exterior finishes like full brick and James Hardie siding, oversized windows, and brightly coloured front doors (with colours chosen by the homeowner).
Three landscaped social spaces allow homeowners to hang out with neighbours, and a canopy of trees creates a backyard
AvI UrbAn launches
Willow
park with bright trees flowering in summer and stately evergreens adding winter colour. Contemporary mix-and-match interior finishes and lots of options make Willow a place to call “home.”
More information on Willow at Sherwood can be found online at ataviurban.com/Willow or by calling 403.536.7290. The sales centre is located at 64 Nolan Hill Gate NW.
About Avi Urban: Avi Urban is a Calgary-based builder of quality multi-family homes. Recognizing a demand for innovative multi-family developments, Homes by Avi created Avi Urban in 2000. From the beginning, their goal was to offer homeowners the ultimate in comfort and function, while building innovative, thoughtful townhome developments that bring an urban aesthetic to a livable product. By redefining multi-family development, Avi Urban has earned its place as an innovative market leader. Avi Urban’s broad range of communities include a highly modern live/work development in the inner city, street-oriented row housing in exclusive neighbourhoods, and large scale, multi-phase townhome developments.
38 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com
� ere's no missing it – the wallpaper trend is in full bloom! Floral motifs have always been a standard, but contemporary designers and new printing techniques have taken fl ower power to the next level. Whether it's one feature wall or a full room, have some fun fi nding the perfect fl orals for your home.
TIP DIY-ers, don't just go by the square footage of your wall if you're ordering by the roll. You'll need a lot more wallpaper than you think in order to get your pattern lined up at the seems. There will be some waste, but that perfect fi nish is worth it!
Modern wallpaper has come a long way! It's easy to remove, and doesn't damage walls or leave residue.
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WALL FLOWER
This tone-on-tone fl oral print offers a great option for a traditional look with a neutral palette. Candice Olson Dimensional Surfaces Floral. $70 per roll. Visit yorkwall.com
This stylized fl ower pattern in red, black and cream offers bold style in a fl oral motif. Large Scale Modern
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STYLE FILE
// BY ELISA KROVBLIT
39
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BY TRICO COMMUNITIES
DATE:06 June 2014
Produced by
1005 - 11 Ave SWCalgary, AB T2R 0G1Phone: 403.287.9300
Fax: 403.287.9915
F I L E N A M E S A R E F O R I N T E R N A L U S E O N L Y
T H I S F I L E I S P R I N T E D I N 4 C O L O R
File Name VIR-12296 Condo Guide v1.inddPublication Condo Guide Insertion Issue 7 June 27 IssueClient Trico Homes Size 6.75” x 4.625”Fonts used Helvetica Neue LT, Rockwell, TimesPicture infoProducer GS Revision # Reference # Page #1 of fi le DO NOT ALTER THIS ARTWORK WITHOUT CONTACTING TRICO HOMES
Housing starts in Canada were trending at 184,438 units in May compared to 183,872 in April, according to Canada Mortgage and Housing Corp. (CMHC). The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.
“In May, the trend in housing starts was virtually unchanged for the third consecutive month. This is in line with CMHC’s analysis indicating that the new home construction market in Canada is headed for a soft landing in 2014,” says Bruno Duhamel, manager, Housing and Economic Analysis. “Builders are expected to continue to manage their starts activity in order to ensure that demand from buyers seeking new units is first channeled toward unsold completed units or unsold units that are currently under construction, including condominium units.”
CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more complete picture of the state of the housing market.
In some situations analyzing only SAAR data can be misleading in some markets, as they are largely driven by the multiples segment of the markets which can be quite variable from one month to the next.
The standalone monthly SAAR was 198,324 units in May, a slight increase from 196,687 in April. The SAAR of urban starts increased to 180,813 units. Multiple urban starts decreased to 117,709 units while the single-detached urban starts segment increased to 63,104 units.
In May, the seasonally adjusted annual rate of urban starts increased in Atlantic Canada, Quebec and British Columbia, held steady in Ontario, and decreased in the Prairies.
Rural starts were estimated at a seasonally adjusted annual rate of 17,511 units. As Canada’s national housing agency, CMHC draws on more than
65 years of experience to help Canadians access a variety of high-quality,
environmentally sustainable and affordable housing solutions. Follow
CMHC on Twitter@CMHC_ca or visit CMHC.ca
May 2014 Housing starts CMHC report
40 NEW CONDO GUIDE | VOLUME 17 ISSUE 07 | newcondoguide.com
NOSEHILLPARK
FISH CREEK PARK
CALGARYINTERNATIONAL
AIRPORTI
CROWCHILD TRAIL
JOHN LAURIE BLVD.
SHAG
ANNA
PI TR
AIL
DEER
FOOT T
RAIL
DEERFOOT TRAIL
BOW BOTTOM
TRAIL
CEN
TRE
STRE
ET
EDM
ON
TON
TRA
IL
14 S
TREE
T
MCKNIGHT BLVD.
MEMORIAL DRIVEMEMORIAL DRIVE
FALC
ONRID
GE
GLENMORE TRAIL
52 S
TREE
T
52 S
TREE
T
BARL
OW
TRA
IL
Mac
LEO
D TR
AIL
MacLEO
D TRAIL
ANDERSON ROAD
MARQUIS OF LORNE TRAIL
JAMES M
cKEVITT
SOUTHLAND DRIVE
ELBO
W D
RIVE
BLAC
KFO
OT
TRAI
L
SHAWNESSYBLVD.
GLENMORERESERVOIR
COUNTRY HILLS BLVD.
STONEY TRAIL
128 NE Ave
MET
IS T
RAIL
COUNTRY HILLS BLVD.
SADDLETREE DR.
80 Ave
64 Ave64 Ave
32 Ave
17 Ave17 Ave
16 AVENUE16 AVENUE
68 S
TREE
T
52 S
TREE
T
36 S
TREE
T
114 AVE SE
84 S
TREE
T
CHAPARRAL
NEW BRIGHTON
ABURN BAY
COPPERFIELD
CRANSTON
12 AVENUE
08
02 0104
1303
06 07
05
NORTHEAST COMMUNITIES03 LiFFT
BY VERICON REAL ESTATE VENTURES Sales Centre #701, 7th Ave. NE livelifft.com
04 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com
05 COVENTRY STATION BY HUNTER RESIDENTIAL DEVELOPMENTS 13007 Coventry Hills Way NE www.coventrystation.ca
06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP 104 Redstone View (off Redstone Way)
07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP Coming Soon www.arrivehome.ca
08 HIGHLAND PARK BY STONECROFT 4303 - 1st Street NE
13 EINSTEIN2 IN BRIDGELAND BY PROVIDENCE GROUP Coming Soon Register: einsteincalgary.com
01 BRIDGELAND CROSSINGS BY APEX CITY HOMES Coming Soon bridgelandcrossings.com
02 43 PARK BY VERICON REAL ESTATE VENTURES 43park.ca
newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 41
Saving Space // by Sylvia daouSt
Sylvia Daoust, owner of Niche Small Space reDesign, is one of Calgary’s only professional organizers with expertise
in small spaces. She is renowned for simplifying homes and offices with
mini renovations, redesigned rooms and tricky organization projects. Join
her blog, nicheredesign.com/blog/ where smart solutions transform
challenging spaces every week! Follow Sylvia on Facebook.com/nichedesignsinc
and Twitter@SylviaDaoust
planning for the perfect Summer Soiree
The season for outdoor entertaining is upon us. Barbecuing on the balcony, hosting a party on the rooftop patio, and cosy campfires at the lake get squeezed into our short Calgary summer. A little preparation ahead of
time allows us to be spontaneous when the weather permits.
Let’s explore ways to make the most of this outdoor space and get organized for impromptu gatherings!
Reserve a cabinet: Reserve a kitchen cabinet to store your outdoor tableware, platters, paper towels and candles. Stash a first aid kit stocked with bug spray, sunscreen and matches.
Carry-all caddy: Save yourself a few trips to and from the kitchen with a well-stocked caddy that gets your napkins, utensils, plates and spices to the table in one shot!
Portable cart: Outfit an inexpensive bathroom or kitchen cart like a mini kitchen. Set a removable try on the top for grilling, hang large utensils and hand towel from ‘S’ hooks, and stack bins of supplies on the shelf. Cover it up, or roll it out of the elements when not in use.
Set up a small table separate from the food where it’s convenient for your guests to help themselves. Stock the ‘bar’ with cups, openers, and a metal bucket of ice for drinks.
Beverage station: Set up a small table separate from the food where it’s convenient for your guests to help themselves. Stock the ‘bar’ with cups, openers, and a metal bucket of ice for drinks. Tuck a bin under the table for recycling.
Vertical storage: If you’ve got a privacy wall, take advantage of this space for storage. Hang ‘S’ hooks and bins from kitchen rods to keep the condiments, spices and extra cutlery handy while entertaining.
Cozy campfire: Pre cut wood and kindling for your s’more nights and store in plastic bins tucked under the deck. Don’t forget to include recycled cardboard and a lighter!
42 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com
BUILT BY CERTIFIED BY ARRIVEHOME.CA
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NEWCONDOGUIDE.COMPublished by
01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 1020 194th Ave S.W. www.hunterhouseliving.com
03 OVATION BY INTERGULF CIDEX #2105, 99 Spruce Place S.W.
04 THE LANDINGS BY STATESMAN 771 Patrick St. S.W.
05 OVERTURE BY JAYMAN MODUS Sales Centre Now Open in Currie Barracks
06 SAWYER SILVERADO BY AVI URBAN 175 Silverado Blvd S.W.
07 GLAS BY AVALON 2712 17th St. SW
08 ALEX BY ASSURED DEVELOPMENTS Presentation Centre: 2719 14th St. SW
09 MISSION 34 BY ASSURED DEVELOPMENTS 98 Mission Road SW mission34.ca
11 CURRIE BARRACKS BY CANADA LANDS COMPANY J5, 2953 Battleford Ave. S.W.
12 EIGHTY5NINE BY VERTICAL PROPERTIES 882 - 85 Street SW eighty5nine.com
16 EINSTEIN BY PROVIDENCE GROUP 1521-26th Ave. Discovery Centre Now Open 139-17th Ave. SE
SOUTHWEST COMMUNITIES
NOSEHILLPARK
16 AVENUEOLD BANFF COACH ROAD
16 AVENUE CENT
RE S
TREE
T
EDM
ONT
ON
TRAI
L
14 S
TREE
T
85 S
TREE
T
GLENMORE TRAIL
69 S
TREE
T
BARL
OW
TRA
IL36
STR
EET
ME MOR IAL DR IV E
M
acLE
OD
TRAI
L
ANDERSON ROAD
SOUTHLAND DRIVE
BOW BOTTOM
TRAIL
MacLEOD TRAIL
MARQUIS OF LORNE TRAIL
JAMES M
cKEVITT
ELBO
W D
RIVE
BLAC
KFO
OT
TRAI
L
SHAWNESSYBLVD.
SHERIFF KING ST. SW
194 AVE
GLENMORERESERVOIR
CROWCHILD TRAIL
JOHN LAURIE BLVD.
SHAG
ANNA
PI TR
AIL
NOSE
HILL
DR.STO
NEY TRAIL
COUNTRY HILLS BLVD.COUNTRY HILLS BLVD.
ROCKY RIDGE BLVD.
DEER
FOOT T
RAIL
DEERFOOT TRAIL
64 Ave
37 S
TREE
T
SARC
EE T
RAIL
17 Ave
32 Ave
16 AVENUE
FISH CREEK PARK
CALGARYINTERNATIONAL
AIRPORT
03
4
11
07
1609
08
12
01 06
05
newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 45
HOT TOPIC
WHETHER BUYING THEIR FIRST HOME OR DOWNSIZING FROM A HOUSE,
millions of Canadians are choosing to nest in smaller, more convenient, more affordable condominium homes. At first glance, condo life seems worry-free and this is the reason many prefer this real estate option. When purchasing a condo, however, many Canadians don’t consider the risks associated with non-insured damage to the unit. When purchasing a house, insurance is typically one of the first things accounted for when moving in. Unfortunately, insurance is often overlooked by condo owners, since most are unsure of what they are responsible for, should any damage occur.
Determine how much protection you have under your condo corporation’s insurance policy and what you need to be aware of. Ask your builder, Realtor, lawyer or property manager the following questions for more clarity:
01 What does the condo corporation’s insurance cover and, more importantly, what doesn’t it cover?
02 Does the corporation’s policy cover just the structure and common areas of your building or complex, or more?
03 If there is major damage to your building, is it possible that you would have to make an additional contribution to cover the deductible of the condo corporation’s insurance policy?
04 What is the deductible in the condo corporation’s insurance policy?
05 Are you responsible for the full cost of repairs to another condo, or the full deductible on the corporation’s policy if, for instance, your dishwasher leaked or your bathtub overflowed and damaged the unit below?
06 How is a “standard unit” defined by your condo corporation? Does it cover things like fixtures, ceilings and floors?
For more information, visit the website at rsagroup.ca. NC
How to avoid BIG PROBLEMS IN SMALL SPACES
When purchasing a condo, many Canadians don’t consider the risks associated with non-insured damage to the unit
46
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Make room for summer! With large terraces perfect for summer entertaining, our stacked bungalows set a new standard for outdoor living in southwest Calgary. And on the inside, Hunter House features high-end finishes that are sure to impress.
47
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48
SOUTHEAST
SOUTHEAST COMMUNITIES11 CHALETS IN COPPERFIELD
BY SABAL HOMES1797 Copperfield Blvd SE
12 EBONY BY JAYMAN MODUS211 Mahogany Way
13 MOSAIC CRANSTONBY BROOKFIELD HOMES206 Cranford Drive SE
14 BOULEVARD TOWNESBY BIRCHWOOD116 Quarry Park Way SE
15 EDISONBY AVI URBAN285 Walden Drive SEaviurban.com
16 AUBURN BAYBY STONECROFTCorner of Seton Blvd and Auburn Bay Link SE
17 MOSAIC MIRAGEBY BROOKFIELD HOMES347 MacKenzie Towne Gate
18 THE GATESBY REMINGTON DEVELOPMENT CORPORATIONPresentation Centre: 350 Quarry Park Blvd SE
19 CHAMPAGNEBY REMINGTON DEVELOPMENTCORPORATIONQuarry Park Blvd SEremingtoncorp.com
20 CRANSTON PLACEBY CARDEL LIFESTYLES302 Cranston Road SE
22 MAHOGANY STREET TOWNSBY HOMES BY AVI13 Marine Dr SE
23 SYMMETRY AND HARMONYBY STONECROFT121 Copperpond Common SE
01 CRANSTON RIDGEBY CARDEL LIFESTYLESCorner of Cranford Dr and Cranston Gate SERegister: www.cardellifestyles.com/cranston-ridge
02 COPPERFIELD PARKBY BRAD REMINGTON HOMES279 Copperpond Common S.E.
03 MUSKOKABY BROOKFIELD HOMES65 Auburn Meadows Way
04 MOSAIC LAKESIDEAUBURN BAYBY BROOKFIELD HOMES27 Auburn Bay Link SE
05 LEGACY STREET TOWNSBY HOMES BY AVIComing Soon to the corner of210 Ave. and Legacy Blvd.
06 ZENBY AVALON MASTER BUILDER82 Auburn Bay Link SE
08 MUSKOKABY BROOKFIELD HOMES27 Auburn Bay Link SE
09 BRISTOL TOWNHOMESBY BIRCHWOODNOW SELLING232 Quarry Park Blvd. SE
10 MCKENZIE TOWNE ELGINBY BROOKFIELD HOMES585 McKenzie Town Drive SE
13
NOSEHILLPARK
FISH CREEK PARK
CALGARYINTERNATIONAL
AIRPORTI
CROWCHILD TRAIL
JOHN LAURIE BLVD.
SHAG
ANNA
PI TR
AIL
DEER
FOOT T
RAIL
DEERFOOT TRAIL
BOW BOTTOM TRAIL
CENT
RE S
TREE
T
EDM
ONTO
N TR
AIL
14 S
TREE
T
MCKNIGHT BLVD.
MEMORIAL DRIVEMEMORIAL DRIVE
FALC
ONRID
GE
GLENMORE TRAIL
52 S
TREE
T
52 S
TREE
T
BARL
OW TR
AIL
Mac
LEOD
TRAI
L
MacLEOD TRAIL
ANDERSON ROAD
MARQUIS OF LORNE TRAIL
JAMES M
cKEVITT
SOUTHLAND DRIVE
ELBO
W D
RIVE
BLAC
KFOO
T TRA
IL
SHAWNESSYBLVD.
GLENMORERESERVOIR
COUNTRY HILLS BLVD.
STONEY TRAIL
MET
IS TR
AIL
COUNTRY HILLS BLVD.
SADDLETREE DR.
80 Ave
64 Ave64 Ave
32 Ave
17 Ave17 Ave
16 AVENUE16 AVENUE
68 S
TREE
T
52 S
TREE
T
36 S
TREE
T
114 AVE SE
SETON BLVD.
84 S
TREE
T
CHAPARRAL
NEW BRIGHTON
AUBURN BAY
MAHOGANY
COPPERFIELD
CRANSTON
12 AVENUE
03
16 02
10
01
14
13
20
11
12
15
08
0504
16
22
19
18 09
23
06
newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 49
COPPERFIELD PARK IILOVE IT. LIVE IT. AFFORD IT.
www.copperfi eldpark.com403.723.0094
CONDOS* FROM THE $130’S +GST*Titled parking stall included.
c o m i n g s o o n
concRETE & sTEEL consTRUcTion
QUiET, moDERn & ULTRA comFoRTABLE
sTAnDARD gRAniTE coUnTERTops & sTAinLEss sTEEL AppLiAncEs
inDooR HEATED pARKing (adjacent to some suites)
commAnDing LocATion WiTH sTUnning ViEWs
mAsTER pLAnnED URBAn ViLLAgE DEsign
THE nEW conDo cHoicE FoR THE inTELLigEnT pURcHAsER
FROM THE
$180’s REgisTER aT
emeraldsky.ca
artist’s concept only
Final Clearance. No Reasonable Offer Refused. Last 11 Units.
SaleS Centre HourS: Mon - Fri 12-6 pmSat, Sun & Holidays, 12- 5 pm
SaleS Centre loCation: 325 3rD Street Se (across from Bookers)
ALBERTA’s #1 CONDO BUILDERMAYBE IT’s BECAUsE WE’RE sO EAGER TO PLEAsE
NOW SELLING IN 6 LOCATIONS
FOR MORE INFORMATION: EdMONTON IN MANy LOCATIONS
ALBERT PARK vISIT ThE CENTRAL SALES CENTRE
AIRdRIE ShOW SuITE OPEN
COChRANE ShOW SuITE OPEN
LEGACy SALES CENTRE OPEN
KINCORA EMERALd SKy COMING SOON
CENTRAL SALES CENTRE AT RIvERFRONT POINTE: 325 3Rd ST. SE (Across from Bookers)
REgisTER aT
CreeksideVillageCondos.com
artist’s concept only
FINAL PhASE SELLING NOW!
RAILWAY AVE
YANKEE VALLEY BLVD SE
AIRDRIE ROAD NE
HIG
HW
AY 2
8 ST
MAI
N S
T
MC
KEN
ZIE
WAY
SaleS Centre HourS: Mon-thurs 2-8 pm Sat, Sun & Holidays 12-5 pm, Closed Fridays
#2105 - 403 MacKenzie Way SW airdrie, east of 8th Street
403.980.3334
carlislegroup.ca 403.228.5872
executive furnished suitesearn up to $3000 month
free Air cOnditiOninG
GO tO rivpt.com
frOM the
$300’s
403.228.5872
1 Street SE
3 Street SE
Centre Street S
4 Avenue SE
5 Avenue SE
MacleodTrail SE
Riverfront Ave SE
Memorial Drive NE
50
c o m i n g s o o n
concRETE & sTEEL consTRUcTion
QUiET, moDERn & ULTRA comFoRTABLE
sTAnDARD gRAniTE coUnTERTops & sTAinLEss sTEEL AppLiAncEs
inDooR HEATED pARKing (adjacent to some suites)
commAnDing LocATion WiTH sTUnning ViEWs
mAsTER pLAnnED URBAn ViLLAgE DEsign
THE nEW conDo cHoicE FoR THE inTELLigEnT pURcHAsER
FROM THE
$180’s REgisTER aT
emeraldsky.ca
artist’s concept only
Final Clearance. No Reasonable Offer Refused. Last 11 Units.
SaleS Centre HourS: Mon - Fri 12-6 pmSat, Sun & Holidays, 12- 5 pm
SaleS Centre loCation: 325 3rD Street Se (across from Bookers)
ALBERTA’s #1 CONDO BUILDERMAYBE IT’s BECAUsE WE’RE sO EAGER TO PLEAsE
NOW SELLING IN 6 LOCATIONS
FOR MORE INFORMATION: EdMONTON IN MANy LOCATIONS
ALBERT PARK vISIT ThE CENTRAL SALES CENTRE
AIRdRIE ShOW SuITE OPEN
COChRANE ShOW SuITE OPEN
LEGACy SALES CENTRE OPEN
KINCORA EMERALd SKy COMING SOON
CENTRAL SALES CENTRE AT RIvERFRONT POINTE: 325 3Rd ST. SE (Across from Bookers)
REgisTER aT
CreeksideVillageCondos.com
artist’s concept only
FINAL PhASE SELLING NOW!
RAILWAY AVE
YANKEE VALLEY BLVD SE
AIRDRIE ROAD NE
HIG
HW
AY 2
8 ST
MAI
N S
T
MC
KEN
ZIE
WAY
SaleS Centre HourS: Mon-thurs 2-8 pm Sat, Sun & Holidays 12-5 pm, Closed Fridays
#2105 - 403 MacKenzie Way SW airdrie, east of 8th Street
403.980.3334
carlislegroup.ca 403.228.5872
executive furnished suitesearn up to $3000 month
free Air cOnditiOninG
GO tO rivpt.com
frOM the
$300’s
403.228.5872
1 Street SE
3 Street SE
Centre Street S
4 Avenue SE
5 Avenue SE
MacleodTrail SE
Riverfront Ave SE
Memorial Drive NE
51
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newcondoguide.com | VOLUME 17 ISSUE 07 | NEW CONDO GUIDE 53
Mortgage Matters // by alyssa richard
Alyssa Richard is the founder and CEO of ratehub.ca,
a mortgage rate comparison site that aims to empower Canadians to make
smart financial decisions.
Why Mortgage rates vary froM lender to lender
Individual lending institutions set their rates based on what their profit objectives are, how much competition they have, and what their marketing strategy is
Over the past several weeks, we saw mortgage rate wars continue in Canada, as different lenders all tried to get a bigger piece of the spring real estate pie. First, Investors Group offered a three-year variable of
just 1.99 per cent. Then Scotiabank dropped its five-year fixed down to 2.97 per cent, which was the lowest among the big banks. Finally, on ratehub.ca, we saw five-year fixed rates vary from 2.99 per cent in Quebec to 2.84 per cent in British Columbia.
It seems odd that lenders can all offer such different rates, right? I mean, if five-year fixed mortgage rates are driven by five-year government bond yields, how is it possible for mortgage rates to vary from lender to lender – especially from province to province? As it turns out, the answer is fairly simple.
Individual lending institutions set their rates based on what their profit objectives are, how much competition they have, and what their marketing strategy is. We’ve seen how this works on a national level, when one of the big banks launches a new low rate before the other big banks, so they can get some press and gain a little more of the market share.
On a provincial level, though, we often forget how many credit unions and small lenders exist in only one province. And if a small lender in one province sets a new low rate, there’s no reason for small lenders in other provinces to follow suit because they are not direct competitors.
Finally, on a city level, it can also become a classic case of supply and demand. For example, in a city such as Calgary, where there’s a greater demand for housing and thus mortgages, there’s a need for lenders to supply the lowest mortgage rates, so they can compete for a portion of the market share. However, in comparison to somewhere like Yellowknife, where there are significantly fewer people, homes and real estate transactions, buyers have fewer lenders to choose from, so lenders can charge higher interest rates.
On top of the role lenders play, you also need to consider what the mortgage brokers who work with each individual lender choose to do with their commission. Some brokers keep the full commission, and others decide to split it with clients in the form of a lower rate.
What does all this mean for you? If you’re thinking of buying a home this year, don’t just walk into your bank and accept the rate they offer you. Work with a mortgage broker who can find the best mortgage rate and product for you.
54
homebuyers’ help
Condo Buyers’ resource section The essential condo hunter’s checklist
Compare mortgage rates for your best deal
PB NEW CoNdo GuidE | Volume 17 issue 06 | newcondoguide.com 55
condo hunter’s checklist When shopping for your dream condo, carry this list with you and take notes to help you remember what you saw, and where!
condo #1 condo #2 condo #3 condo #4
Project & address:
Salesperson:
Phone:
Developer/builder:
Type:
2-storey detached highrise conversion bungalow townhome
Sq. Footage:
# of bedrooms:
# of bathrooms:
Interior appliances:
Options:
Parking facilities:
Special incentives:
Price:
Down payment:
Condo fees:
Financing available:
Other comments:
Project & address:
Salesperson:
Phone:
Developer/builder:
Type:
2-storey detached highrise conversion bungalow townhome
Sq. Footage:
# of bedrooms:
# of bathrooms:
Interior appliances:
Options:
Parking facilities:
Special incentives:
Price:
Down payment:
Condo fees:
Financing available:
Other comments:
Project & address:
Salesperson:
Phone:
Developer/builder:
Type:
2-storey detached highrise conversion bungalow townhome
Sq. Footage:
# of bedrooms:
# of bathrooms:
Interior appliances:
Options:
Parking facilities:
Special incentives:
Price:
Down payment:
Condo fees:
Financing available:
Other comments:
Project & address:
Salesperson:
Phone:
Developer/builder:
Type:
2-storey detached highrise conversion bungalow townhome
Sq. Footage:
# of bedrooms:
# of bathrooms:
Interior appliances:
Options:
Parking facilities:
Special incentives:
Price:
Down payment:
Condo fees:
Financing available:
Other comments:
homebuyers’ help
56 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com newcondoguide.com | Volume 17 issue 07 | NEW CoNdo GuidE 57
compare mortgage rates for your BesT deal Variable 6 Months 1 Year 2 Years 3 Years 4 Years 5 Years
mortgage optionsyou can choose any of these mortgage options which fit into the two basic mortgage types. lenders may even customize these options to suit your needs.
conVentionalBuyer can borrow up to 75 per cent of the purchase price or the value of the property, whichever is less. Buyer has to pay 25 per cent down. A conventional mortgage cannot exceed 75 per cent of the value of the property.
insured or high-ratioBuyer can borrow up to 95 per cent of the purchase price or the value of the property, whichever is less. The down payment can be as low as five per cent.
open mortgageAllows borrowers are to repay all or part of the total amount of their mortgage at any time without penalty. Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a short-term mortgage at high-interest rates to a longer term when mortgage interest rates fall.
closed mortgageThis usually has the lowest interest rate available but lacks the flexible features of other mortgage options. It’s a good
choice for those who want the security of knowing their monthly payment is fixed for a longer term. Prepayment options are available but they are subject to conditions.
portable mortgageOffers flexibility if borrowers move. Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates.
ATB Financial 2.700 4.000 2.940 2.890 2.990 3.040 3.390Alterna Bank 2.600 4.000 2.980 2.980 2.980 2.940 3.140Alterna Savings 2.600 4.000 2.980 2.980 2.980 2.940 3.140Bank of Montreal (BMO) 3.000 4.000 3.140 3.040 3.850 4.390 4.990Bank of Nova Scotia 3.100 4.550 3.290 3.140 3.440 3.940 4.790Bridgewater Bank - - 4.800 4.700 5.250 - 5.250CIBC Mortgages 3.000 4.450 3.090 3.040 3.750 4.240 4.990Caisses Desjardins 3.000 4.400 3.140 3.240 3.750 4.390 4.890Canadian Western Bank 3.200 4.000 3.140 3.040 3.750 4.390 4.990Canadian Western Trust 3.200 4.000 3.140 3.040 3.750 4.390 4.990Comtech Credit Union - 6.200 2.990 3.250 3.290 2.990 2.990DUCA Financial Services 2.550 - 3.090 3.040 3.090 3.190 3.090Effort Trust - 4.450 3.250 3.600 3.700 4.600 4.950Equitable Bank - - 3.140 3.040 3.750 4.540 4.940First Calgary Financial - 4.000 2.890 2.890 3.190 3.390 3.290First National Financial 2.500 3.950 2.990 2.590 2.790 2.870 3.190FirstOntario Credit Un. 2.700 4.240 3.090 3.140 3.290 2.890 3.040HSBC Bank Canada 3.100 4.450 3.600 3.950 4.450 4.990 5.340Investors Group Trust 3.000 4.200 3.140 3.140 3.750 4.640 4.990London Life 3.000 4.200 3.140 3.140 3.750 4.640 4.990Manulife Bank 2.700 4.450 3.000 3.050 3.100 3.140 3.190Manulife Trust - 4.450 3.000 3.050 3.100 3.140 3.190Meridian Credit Union 2.600 4.000 3.090 3.140 3.650 4.390 2.950National Bank 3.000 4.400 3.140 3.040 3.750 4.390 4.790Peace Hills Trust - 4.500 3.150 3.500 3.950 3.950 3.490President’s Choice Fin’l 3.000 6.190 3.390 3.240 3.590 3.690 4.090Royal Bank of Canada 3.000 3.140 3.140 3.040 3.750 4.540 4.940Servus Credit Union - 4.000 3.140 3.040 3.750 4.240 4.790Steinbach Credit Union - - 2.650 2.800 2.900 2.950 3.100T-D Mortgage 3.000 4.000 3.090 3.040 3.440 3.940 4.790Tangerine 3.000 - 3.190 3.240 3.490 3.690 3.990
Rates are subject to change without notice.
56 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com newcondoguide.com | Volume 17 issue 07 | NEW CoNdo GuidE 57
Index of advertIsers read more about our advertisers!
Albert Park Station Carlisle Group 50-51
Alex Assured Development 22
Arrive at Redstone Partners Developments 43
Avenue Grosvenor 14
Bridgeland Crossing Apex Homes 4, 16-17
Champagne Remington Development Corp. 2
Copperfield Park II Brad Remington Homes 60
Cranston Ridge Cardel Lifestyles 3
Creekside Village Carlisle Group 50-51
District Boulevard Developments 28
The Edge Streetside Developments 32
Einstein2 - Bridgeland Providence Developments 23
Emerald Sky Carlisle Group 50-51
Evolution Embassy Bosa 6
The Gates Remington Development Corp. 48
Groves of Varsity Statesman 36
Harvest Mosaic Brookfield Residential 53
Heartland Townhomes Excel Homes 33
Hunter House Streetside Developments 47
Legacy Gate Carlisle Group 50-51
Lido Battistella 25
LiFFT Vericon 29
Park Point Qualex Landmark 19
The Orchard Brad Lamb Developments 24
Riverfront Pointe Carlisle Group 50-51
Riverstone Brookfield Residential 53
Sage Place Cardel Lifestyles 3
Smith Grosvenor 1,7, 11-13
SoBow M2i Developments 27
Stone Creek Landing Carlisle Group 50-51
Ven Bucci Developments 21
Veridian Trico Homes 40
Waterfront Anthem Developments 5
Willow Avi Urban 59
Zen Avalon Master Builder 35
Jayman Group of Companies Pullout Insert
AviraEbonyOverture
The RiseTrinity
58 NEW CoNdo GuidE | Volume 17 issue 07 | newcondoguide.com
059-Avi Urban-Willow 06-27-14.indd 999 2014-06-19 2:09 PM
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060-Copperfield 05-30-14.indd 1 2014-06-19 2:09 PM