Calgary New Condo Guide - May 30, 2014

CARDEL LIFESTYLES RAISES THE BAR FOR AFFORDABLE LUXURY

CLG-CMP-CR-CG-June Cover.indd 1 2014-05-20 11:31 AM

May 30 - June 27, 2014 Volume 17 Issue 06

INSIDE THIS ISSUE

NEW LAWS TO PROTECT ALBERTA’S CONDO OWNERS

HOW TO AVOID BUYER’S REMORSE

WHY MORTGAGE RATE WARS ARE GOOD NEWS

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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

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OT

TR

AIL

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CRAN

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N R

D

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BER

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RD

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SETON BLVD

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MON – THUR: 2 PM – 8 PM WEEKENDS & HOLIDAYS: NOON – 5 PMCLOSED FRIDAYS

Visit our Cranston Place sales centre to learn more.

newcondoguide.com | VOLUME 17 ISSUE 06 | NEW CONDO GUIDE 05

15 AVE SW

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table of contents

010 editor’s note

columnists

018 contemplating condominiums Condo types: From apartments to airports! by linda palfi

024 saving space Maximizing your small bathroom by sylvia daoust

040 calgaryism Three reasons to buy a condo in Bridgeland by cody battershill

050 investor advice Why mortgage rate wars are great for condo investors by andrew la fleur

May 30 – June 27, 2014

volume 17 issue 06

Cardel Lifestyles offers condos on the Ridge

in CRanston

11

CoLuMns, news &

featuRes

054 Home sweet Home Here’s our list of demands... by lydia Mcnutt

056 Fundamentally speaking What type of home should you buy? by wayne Karl

condo features 011 cover story

Cardel Lifestyles offers condos on the Ridge in Cranston by heather ryan

026 condo proFile Avalon launching fifth Zen in Okotoks by heather ryan

032 condo proFile Avi Urban poised to launch townhomes in Sherwood by heather ryan

042 condo proFile Live for Tomorrow Today at Vericon’s LiFTT by heather ryan

Homebuyers’ Help 016 condominium act

New laws to project Alberta’s condo owners

028 cmHc report April 2014 housing starts

034 avi urban First homeowners move into new townhome in Edison at Walden

036 tips & tricks Packing tips to make your move a little easier

044 riverHouse Fram Building Group debuts the luxurious Riverhouse

Vice-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.

Wall2Wall Media is a trademark of YellowPages Group Co. in Canada.

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circulation 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.

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.

Please recycle this magazine! Wall2Wall Media participates in the Partner’s In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two 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.

newcondoguide.com

Published By

32

048 tips & tricksChanging your address

058 market updateSpring brings sellers out of hibernation

060 designer adviceOff the wallby yanic siMard

063 Homebuyers’resource section

066 indeX

proJect location maps

015 Southeast Map 023 Satellite Communities 031 Northwest Map039 Inner City 053 Northeast Map057 Southwest Map

42

26

EDITOR’S NOTE

SOME INCENTIVES TO SWEETEN THE DEAL

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

During periods of market fluctuation and uncertainly, people may be hesitant to move or buy a home, saying they are waiting for “bettertimes.” The issue with this approach is that better times usually become evident only after prices and interest rates have already risen. Potential homebuyers who have been sitting on the fence soon find they have missed a valuable opportunity to participate in a ripe marketplace.

Before you shop for your new condo, do your homework. Take the time to get pre-approved for a mortgage so you can shop with confidence. Not only does being armed with a pre-approved mortgage define what you can afford, it locks you into today’s excellent mortgage rates for up to 120 days. Locking in means you don’t have to worry about rising mortgage rates and if posted rates drop, yours should too.

Be sure to get your home-buying team together well before youshop and choose an experienced builder/developer who is building ina neighbourhood you love, along with a specialized real estate lawyerand mortgage expert. Having these key people in place will make your transaction easier and less stressful, regardless of market conditions.

GET OFF THE FENCEAND MAKE A SMART MOVE

Spring is in full swing, and with it comes the busiest time of year for residential real estate. Longer and warmer days lure the merely curious browsers and the serious buyers out of their holes in search of new housing opportunities.

With so many builders out there vying for your attention, there is lots of healthy competition, which can mean better deals for homebuyers – both in terms of product and price.

Slip into your comfortable walking shoes and visit some presentation centres and show suites. You’ll be amazed at the high level of standard finishings that bring luxury to the everyday, from the floor up – marble tiles, granite countertops, extra-high ceilings and breathtaking views are both inspired and inspiring.

To entice you even further, many builders are offering additional incentives to give them the competitive edge, in the form of free maintenance for a period of time, cash back on closing, or a price reduction for your parking space, all to help sweeten the deal.

Speak with a sales representative to find out what the builder is offering, and what they may do to tip the scales in their favour.

Happy condo hunting!

10 NEW CONDO GUIDE | VOLUME 17 ISSUE 06 | newcondoguide.com

cover story

// By HeatHer ryan

Cardel lifestyles offers Condos on

the ridge in Cranston

WitH a location tHat offers stunning vieWs of tHe rockies and tHe BoW

River Valley, steps away from Fish Creek Park and minutes from a wide range of amenities, it’s not surprising that condo buyers lined up for a chance to live at Cranston Ridge.

Being crafted by Cardel Lifestyles, Cranston Ridge is being well received by buyers who adore the premier location, livable designs and an affordable price.

“We had people lined up as early as 1 a.m. when we launched the second building; people are so excited to be a part of this,” says sales and marketing manager Brad Logel. “Sales have been very positive. We have a few suites remaining in Building 1 and are over 60 per cent sold in our second building.

Art

ist’s

rend

erin

g on

ly

11

“We’re now getting ready to start construction on the first building and everyone is excited to see things are moving along quickly,” he says.

While sales are strong, there is still a good selection of two-bedrooms remaining, including a 654-sq.-ft. anniversary two-bedroom, one-bathroom suite, which starts at $211,900, and the most popular 897-sq.-ft. two-bedroom, two-bathroom suite that is new and improved for Building 2 starting at just $239,900.

“One improvement to the 897-sq.-ft. plan is that we’ve increased the size of the bathroom putting in dual sinks and a linen closet. It’s more

like a larger house-style bathroom and extremely livable; it allows two people to get ready at the same time and it has more storage,” Logel explains.

“The strength of this plan has always been the large kitchen, and it now has a new option for buyers to have something that you don’t often see in a suburban condo. It’s a design that includes a wall oven, built-in microwave, flat cooktop and a modern stainless hood fan,” he adds. “It’s a great option and has evolved because our customers want condos to be more like what they would experience in a single-family home or a more expensive

one of the biggest benefits to buying in Cranston ridge is people have the ability to customize their suites

12 NEW CoNdo GuidE | Volume 17 issue 06 | newcondoguide.com

downtown condo. We’ll be building a show suite to mimic this new and improved plan in our first building.” Cardel Lifestyles has also released this plan at Sage Place, their northwest development.

One of the biggest benefits to buying in Cranston Ridge is people have the ability to customize their suites. There are a variety of upgrades available, “so people get to have the home they want. They can choose just one item, or choose as many options as their budget allows. This isn’t typical with most condo builders, but it’s what people want so we’re happy to offer them choices to live out their HGTV dream.”

Cardel Lifestyles has also designed the suites to feel brighter and bigger by adding nine-ft. ceilings, and eight-ft. wide sliding glass doors with transom windows above and extra-large windows. A new feature on the exterior is Hardie Board siding, and the suites offer quality standard features including patios/balconies, six appliances, a storage locker, and underground or surface parking.

Cranston Ridge consists of five, four-storey buildings boasting apartment-style condos and 15 townhomes nestled next to two tot lots, and estate ridge homes, located across the street from pathways that lead to the ridge and link to Fish Creek Park.

“For condo buyers, it’s all about location, location, location,” Logel says. “Cranston is a dynamic, well-established community with pathways,

parks, schools, shops, services, coffee shops and restaurants. This location is 10 out of 10.”

Residents also have easy access to Deerfoot and Stoney Trails, the South Calgary Hospital, more amenities at nearby Seton, and it will eventually have future access to Deerfoot Trail and also coming, small commercial site nearby providing local conveniences.

To learn more about Cranston Ridge, visit the show suites at Cardel’s Cranston Place, located at 302 Cranston Rd. S.E., open Monday to Thursday from 2 to 8 p.m., and weekends and holidays from noon to 5 p.m. Call 403.457.2670 or visit cardelcondos.com.

remingtoncorp.com403.930.6900

Quarry Park’s latest masterpiece offers one, two and three bedroom residences with a long list ofoutstanding specifications inside and out – all in a stunning riverside location. Step into the good life

today at the Gates in Quarry Park, Calgary’s most diverse community.

770 SQ. FT. ONE BEDROOM + DEN

FROM THE $290s1020 – 1315 SQ. FT. TWO & THREE

BEDROOMS FROM THE $360S

PRESENTATION GALLERY 350 Quarry Park Blvd SE

Mon to Thur - Noon to 8pmFri - Closed

Sat & Sun - Noon to 5pm

NOW SELLING!

14

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

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EDM

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14 S

TREE

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MCKNIGHT BLVD.

MEMORIAL DRIVEMEMORIAL DRIVE

FALC

ONRID

GE

GLENMORE TRAIL

52 S

TREE

T

52 S

TREE

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BARL

OW TR

AIL

Mac

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TRAI

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MacLEOD TRAIL

ANDERSON ROAD

MARQUIS OF LORNE TRAIL

JAMES M

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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

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36 S

TREE

T

114 AVE SE

SETON BLVD.

84 S

TREE

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CHAPARRAL

NEW BRIGHTON

AUBURN BAY

MAHOGANY

COPPERFIELD

CRANSTON

12 AVENUE

03

16 02

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COPPERFIELD PARK IILOVE IT. LIVE IT. AFFORD IT.

www.copperfi eldpark.com403.723.0094

CONDOS* FROM THE $130’S +GST*Titled parking stall included.

in the news

Condominium laws�to be strengthened for AlbertansenhanCed proteCtion is Coming to alberta’s Condominium owners, thanks to a new bill being introduced to improve condo communities.

“Buying a condo is an affordable option for Albertans entering the housing market, and is often their first real estate experience. After careful review and discussion with stakeholders and Albertans, our government will update the Condominium Property Act to make it easier for owners and builders to understand their responsibilities on the sale of condos,” says Doug Griffiths, Minister of Service Alberta.

Bill 13: The Condominium Property Amendment Act, includes more than 50 amendments to the Act which were tabled in the Legislature. The proposed changes include:›› the creation of a new condominium dispute tribunal;›› improved disclosure of financial and other necessary information to

buyers of new and converted condominiums;›› updates to qualifications and standards of practice for condominium

managers; and,›› improved governance for condominium corporations.

“These amendments help address the current and future needs of our growing and evolving condominium industry,” says Dr. June A. Donaldson, co-founder of the Alberta Condominium Owners Association. “They will help to ensure best practices for condominium boards and management companies, level the playing field among developers, and protect the rights and property values of purchasers and owners.”

Work on the regulations, including details about the dispute tribunal and clarification of insurance obligations for corporations and owners, will begin shortly.

In Alberta there are more than 8,000 condominium corporations in operation and condominiums account for approximately 20 per cent of homes sold annually.

“�These�amendments�help�address�the�current�and�future�needs�of�our�growing�and�evolving�condominium�industry.�They�will�help�to�ensure�best�practices�for�condominium�boards�and�management�companies,�level�the�playing�field�among�developers,�and�protect�the�rights�and�property�values�of�purchasers�and�owners.”


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 types:

Contrary to popular belief, a condo has nothing to do with an apartment.

“Condominium” describes how a home or other property is owned, not what kind of property it is. If an apartment is rented, it’s simply an apartment. If you own it, it’s an apartment-style condominium.

In fact, condominium as an ownership mechanism has been extended to industrial bays, office suites, entire floors of commercial buildings and even to airport hangars and homes built alongside the airplanes! It just means that you personally own a space – be it land or part of a building – and jointly own common property with others. In one case, the common property includes an apartment building hallway, while next door it includes a driveway to bungalow homes. And out of town the common property could be a jointly owned airport runway.

The key point is that condominium ownership has democratized ownership of property, making it possible for more people to own a home, a place of business or a recreational asset, than was previously possible. And with that ownership comes the entrepreneurial possibilities to make a living, to own a home rather than to rent it, and to reap the rewards of increasing value over time.

To avoid confusion, we should use the term “condo” only with a description of what it is we actually own. Your brother may live in a condo townhouse. Your mom and dad might live in a condo villa, and your uncle may live in a condo single-family home within a bare-land condo development that includes condo airplane hangars and a runway that is shared.

In housing, we’re all pretty clear on condo apartments. You own the space within the suite, while you share ownership of the building structure, the exterior cladding, the mechanical systems and the land. Townhouses are usually the same, ensuring that exterior maintenance is consistent. Be wary of “no condo fees” promotions. A rare few townhouse developments are not organized as condominiums, so every owner can do whatever he wants. Can you imagine what such places might look like in 10 years? A yellow one, next to a purple one, next to a red one…

Retirement villas are often built as bare-land condominiums. In other words, you privately own the building lot and the entire home on it; both inside the living unit and its outside, but you agree with all the owners to undertake common maintenance of all building exteriors and the private yards, as well as the common property. This saves money and creates a consistent appearance throughout the development.

Often built as duplexes, but also as larger groupings, “villa” describes a bungalow-style home that features all the needed facilities on the main level, including the parking. It commonly appeals to seniors who no longer want to deal with stairs, although most villas offer an unfinished basement, as well.

So don’t tell people that you own “a condo,” as that alone means little. Tell them you own a condo apartment, a condo villa or a bare-land condo single-family house. Then again, you can tell them you made so much money in your business in a condo industrial bay that you can afford to fly in from your condo home and hanger beside your common-property condo airport runway!

frOM APArTMENTS TO AIrPOrTS!

Upgrade to granite CoUntertops throUghoUt for only $795.

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2 BEDROOMS FROM

$130’sWHY RENT WHEN YOU

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YOU QUALIFY WITH A YEARLY HOUSEHOLD INCOME OF $35,000PAYMENTS FROM $688 MONTHLY*

ASK ABOUT OUR EASY DOWN PAYMENT PLAN!

*OAC based on 5% deposit, 3.19% interest amortized over 25 years. Rendering shown is an artist concept only, actual building details may vary.

ALBERTA’s #1 CONDO BUILDERMAYBE IT’s BECAUsE WE’RE sO EAGER TO PLEAsE

NOW sELLING IN 6 LOCATIONs:

ALBERT PARK vISIT THE CENTRAL SALES CENTRE

AIRDRIE SHOW SUITE OPEN

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CENTRAL SALES CENTRE AT RIvERFRONT POINTE: 325 3RD ST. SE (Across from Bookers)

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

s A L E s c E n T R E n o W o p E n

FROM THE2 bEdROOMs

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legacygate.ca

artist’s concept only

artist’s concept only

403.228.5872 carlislegroup.ca

FOR MORE INFORMATION:

REGISTER ONLINE AND TAKE $1000 OFF YOUR PURCHASE PRICE!

condosinairdrie.com 403.980.2817

*Based on purchase price of $221,954 (incl. GST) with 5% down at 2.99%, 5 yr. fixed rate using StreetSide lender. Prices and interest rates are subject to change without notice.

90% SOLD.Immediate Possessions.

Payments from $1028/month.*

22

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

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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

MaxiMizing your SMall bathrooM

If you’re living in home under 1,000 sq. ft., you are undoubtedly dealing with limited space in the bathroom. Typically, the only storage available in small bathrooms resides under the sink. If you’re lucky, the vanity has a drawer or

two, but overall the space tends to lack suitable storage. Learn how to make the most of your small bath with a little creativity and a few space-saving tricks.

Under the sinkUsing roll-out drawers creates easy access to extra toilet paper, cleaning supplies and large bottles. The two-tiered design provides perfect storage for the small items that you want off your countertop. These rolling systems can be found in the kitchen and/or bath department at your local home improvement store.

In the shower/bathIf bottles of shampoo and soap are “spilling” into your tub, use the shower wall to keep the mess at bay. Suction storage baskets are easy to clean, can be repositioned and store everything from kids’ bath toys to hair products. Power lock hooks work well to hang face cloths, razors and shower squeegees.

On the wallMount a repurposed wine rack to the wall to store rolled face, hand and smaller bath towels. Need more space for the large towels? Try installing a wall of hooks rather than a traditional towel rod. Use the back of your door if you’re short on wall space to hang a shoe/pocket organizer. This way, you gain a ton of storage without drilling any holes in the wall!

Above the sink/toiletRod-based organizing systems Ikea uses in their kitchens work just as well in the loo and can be tailored to your needs. Containers that hang from the chrome rod can corral toothbrushes and hair gel, keeping your vanity clear of clutter and making clean-up a snap. Reuse a couple of baskets or small wine crates to create unique storage. Mount two or three of these backside to the wall and use the cubby area to store rolled towels, bath soaps and containers of hair accessories.

Looking for visual inspiration? Check out our Pinterest Board for Bath Storage:pinterest.com/nicheredesign/hidden-linens-laundry-bath-storage-hidden-storage-/ (The featured bath design was the perfect small space challenge for us at Niche reDesign. The original ’60s brown toilet, sink and tub were the least of our worries! There was very limited space for a sink and vanity, and the door swing ate up what little space was left for additional storage. Check out how we conquered these issues.)


OKOTOKSOKOTOKSSHEEP RIVERSHEEP RIVER

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ZEN Okotoks CG 201405.indd 1 23-05-14 10:04

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condo profile

// By HeatHer ryan

following the huge success of its four other Zen projects, Avalon Master Builder is poised to launch a fifth Zen offering in Westridge in

southwest Okotoks.“We’re really excited to be offering Zen in Okotoks,

which we’ll be launching June 8 with a grand opening set for June 14,” says sales and marketing co-ordinator Dean Clark. “It’s a much smaller project with just 37 homes, and the location is amazing, being within walking distance of everything you need such as groceries, coffee shops, restaurants and services.

“This is our fifth Zen and because it’s so popular, we’re already working on the next site,” he says, noting that buyers love Zen because it offers stylish, livable designs, well-appointed interiors and energy efficiency – all at a great price point. Homes at Zen in Okotoks start in the $260,000s.

Avalon launching

fiftH Zen in okotoks

As well, “so many people look at the cosmetics of a home, like granite and hardwood, and not the bones,” he points out. “We offer a balance of both.”

Zen in Okotoks offers a mix of single-level garden and two-storey townhome designs with surface parking and laned homes with drive-under garages, ranging from 1,017 to 1,270 sq. ft.

The design and affordability appeals to first-time buyers, those looking to move up from apartment condos who desire more square footage and outdoor space, and people who are downsizing and want single-level living.

The single-level garden homes features an urban walk-down style with two bedrooms and two full bathrooms, in-floor heating and a private patio. The two-storey townhomes offer two- and three-bedroom options, while the lane homes offer a split-level design

26 NEW CoNdo GuidE | Volume 17 issue 06 | newcondoguide.com newcondoguide.com | Volume 17 issue 06 | NEW CoNdo GuidE 27

with dual master bedrooms with ensuites, or three bedrooms with two bathroom options and both have private, fenced back yards.

All the homes present a modern, open-concept design with quality features. Buyers can choose from two designer colour packages as well as some upgraded options that will allow them the opportunity to individualize their homes.

Avalon is also an energy-efficient builder, so every home is EnerGuide rated and uses quality products that offer increased durability and energy efficiency. Buyers also have the option to participate in Holmes Approved Homes which involves numerous inspections to ensure Mike Holmes’ high standards.

“The energy-efficient aspect in Zen hits home with a lot of young buyers looking to save on energy costs,” Clark says. “Okotoks is a great location for Zen because our values for energy efficiency align with the town’s, which is concerned about conserving for the future.”

The homes at Zen in Okotoks will also have eye-catching exteriors with Prairie elevations and durable Hardie Panels which replicate the look of stucco, and fit in nicely with the architectural style of the community.

Residents will love the location right next to a park and a convenient walk to a wide range of amenities. They also have easy access to Hwy. 2, and Deerfoot and McLeod Trails for a quick commute to the south end of Calgary.

“They’re just a 20-minute drive to the South Health Campus and the Seton Urban District, which offers a number of retail stores already, such as Save On Foods and Shoppers Drug Mart, but it will have more big box stores, warehouses, a cinema and a Courtyard Marriot hotel, so it provides all the conveniences and major employment centres nearby.”

to learn more about Zen, visit the sales centre in okotoks or check out the Zen showhomes in auburn Bay at 82 auburn Bay link s.e., open Monday to thursday, 2 to 8 p.m.; and friday, weekends and holidays, noon to 5 p.m. Visit online at Zeninbalance.com.

The homes at Zen in Okotoks will have eye-catching exteriors with Prairie elevations and durable Hardie Panels which replicate the look of stucco, and fit in nicely with the architectural style of the community


Housing starts in Canada were trending at 183,515 units in April compared to 184,602 in March, 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 April, the trend in housing starts was essentially stable at 183,515 units. 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 Mathieu Laberge, deputy chief economist at CMHC.

“Over the remainder of the year, builders are expected to continue to adjust activity, particularly with respect to multiples, in order to manage inventory levels.”

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 194,809 units in April, an increase from 156,592 in March. The SAAR of urban starts increased to 176,792 units. Multiple urban starts increased to 117,612 units while the single-detached urban starts segment increased to 59,180 units.

In April, the seasonally adjusted annual rate of urban starts increased in the Prairies, Ontario and Quebec, and decreased in British Columbia and Atlantic Canada.

Rural starts were estimated at a seasonally adjusted annual rate of 18,017 units.

April 2014 Housing starts

As Canada’s national housing agency, CMHC draws on over 65 years of experience to help Canadians access a variety of high-quality, environmentally sustainable and affordable housing solutions. CMHC also provides reliable, impartial and up-to-date housing market reports, analysis and knowledge to support and assist consumers and the housing industry in making informed decisions. Visit CMHC.ca.

CMHC report


SATELLITE COMMUNITY

29

SATELLITE COMMUNITY

Award Winning Condos in Vars i ty

From the 290s to 600s

780 Varsity Estates Dr NW Calgary, AB T3A 1W9Telephone: 403.286.8143 | www.grovesofvarsity.com

Awesome Location 5 minutes to U of C, 10 minutes to Downtown

Top Notch Concrete & Steel Construction

Private Penthouse Health Club

Walk-Up Dalhousie Station LRT Access

LIVE WORK SHOP PLAY

2011 25 Years


Celebrating

2012


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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

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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

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condo profile

// By HeatHer ryan

excitement is building as Avi Urban is poised to launch a new collection of townhomes in the picturesque northwest community of Sherwood, that will present stylish and affordable

designs to suit various lifestyles of today’s homebuyers.Avi Urban, the multi-family division of Homes by Avi, is crafting

Willow at Sherwood which will appeal to buyers looking for quality, space and value with pricing starting in the $300,000s.

“Based on the success of The Post at neighbouring Nolan Hill, we’re excited to be launching another townhome development in northwest Calgary in late spring,” says Chris Pollen, sales and marketing manager for Avi Urban. “Sherwood is a traditionally themed community with emphasis on old-world cottages, but with modern interpretation.

“The homes at Willow will reflect the community theme,” he says, “with impressive exteriors featuring authentic details with a few funky twists, and modern interiors that reflect how our homeowners live, creating a place that will become one of Calgary’s most sought-after addresses.”

avi UrBan poised to launch townhomes in Sherwood

Willow at Sherwood is a dynamic enclave of 83 three-storey townhomes with two-car attached tandem garages, and many have full driveways that will accommodate parking for three cars.


The townhomes offer buyers a choice from six different floor plans with two- and three-bedroom options available, ranging from 1,100 to 1,400 sq. ft.

Pollen notes these homes present inviting open-concept main floors and stylish yet functional designs make maximum use of space. The well-appointed homes come standard with nine-ft. ceilings on the main floor, contemporary mix-and-match interior finishes and quality features throughout like extended-height shaker cabinetry, modern Moen fixtures and vessel sinks, and oversized balconies.

Buyers will love that they can personalize their home with customizable options such as built-in cabinetry and choosing the colour of their front door.

Willow at Sherwood presents gorgeous colonial-style exteriors with brick and James Hardie siding, oversized windows, and varied elevations for movement in façade and interesting exteriors.

Residents will love that outdoor living is in abundance with three gathering areas, and the townhomes will be built around a lushly landscaped central park, (an Avi Urban signature in many of its developments), featuring picnic benches, walkways and seating.

Exterior features also include a centralized pathway system that is lit with low bollard lights and leads from homes to the amenity space, flowing from the edges of the development into the courtyard. Further, the landscaping uses a mixture of stately evergreen trees and small flowering trees to create a dense forest with a canopy of trees.

A major appeal to buyers will be the location – situated off Stoney Trail ring road for easy access to the airport, downtown, points across the city and out-of-town to the foothills and mountains.

As well, being conveniently located near the major routes of Shaganappi and Sarcee Trails puts residents just minutes away from Beacon Hill shopping centre, which offers an array of big retailers such as Costco, Shoppers Drug Mart, Future Shop, Good Life Fitness, Canadian Tire, Starbucks and more, and it’s near a future large commercial area, Sage Hill Crossing. There is also a wide range of amenities at Creekside and CrossIron Mills shopping centres, just a short drive away.

“With Willow, the contemporary architecture that’s typically only found in the city core,” Pollen says. “Our homeowners want that balance – they want absolute comfort, but they also want something impressive. That is exactly what they are able to find in this development.”

to register for more information about Willow at Sherwood visit, aviurban.com/willow.


In The news

First homeowners move into new townhome in

eDIsOn AT wALDen

The fIrsT hOmeOwners mOveD InTO TheIr new sOuTh CALgAry

TOwnhOme in Edison at Walden, a development by Avi Urban, with a special surprise by the Avi Urban team. Clint Kniss and Todd Littlewood were the very first homeowners to take possession on April 26, and arrived to find more than 60 Avi Urban employees and trade partners on their front lawn, ready to welcome them.

The first possession event was hosted by Avi Urban to celebrate a milestone in the development and thank homeowners Kniss and Littlewood for being among the first to own in Edison at Walden. Kniss is a site management coordinator, while Littlewood is an mortgage specialists’ associate. They recently sold their south Calgary single-family home, choosing to own in Edison at Walden for a more maintenance-free lifestyle that allows them to travel.

Driving up to their new home, they were not expecting to see the crowd outside. “First we saw the signs on the road that said ‘Welcome Clint and Todd’ and ‘Today is an exciting day’,” explains Kniss. “Then we turned the corner to see a lot of people around, and we thought ‘this can’t be all for us!’” Says Littlewood, “To see it was very welcoming, we felt important and appreciated.”

“The first possession is a major milestone in our Edison development,” says Charron Ungar, president of Avi Urban. “Those individuals stepped forward and believed in our vision, and trusted us to deliver an extraordinary product from the very beginning. It means a lot that we show our appreciation back to them for being so patient both in getting to this point and in the future as we work toward finishing the remaining portion of the development. Congratulations to both of them for being Edison’s first homeowners to move in.”

Townhomes in Edison at Walden range from 1,130 to 1,400 sq. ft. and feature nine-ft. ceilings, two-car attached garages, contemporary exteriors and incredible interior finishes. With pricing starting in the $300’s, over 100 new homeowners have already chosen to call Edison “home.”

Located in the modern south Calgary community of Walden, Edison sits just steps away from incredible local amenities, including a full retail plaza and new grocery store arriving later this year. 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 the goal was to offer homeowners the ultimate in comfort and function, while building innovative, thoughtful developments that bring an urban aesthetic to a highly 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.

The Edison at Walden sales centre is located at 285 Walden Dr. SE, open Monday to Thursday from 2 to 8 p.m.; and weekends from noon to 5 p.m. Visit aviurban.com/Edison for more information.

PICTureDHomeowners Todd Littlewood and Clint Kniss


Modus_2_Booklet_Bleed May 14.indd 1 5/14/2014 5:38:23 PM

Jayman-Modus 05-30-14.indd 1 2014-05-21 10:26 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.



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.

...........................................................



Currie Barracks Sales Centre2953 Battleford Avenue SW

from $470’s to

$1.5m++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 $350’s +GST

9 Nolan Hill Blvd NW

Move inJune 50%

SOLD OUTBuilding 2

JUST RELEASED

Move inFall ‘15



• 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 $200’s +GSTfrom $320’s +GST

211 Mahogany Way SE211 Mahogany Way SE

Move inSummer

Move inDec ‘14



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



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.



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.



VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICEanytime, anywhere!

NEWCONDOGUIDE.COM

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

Published by

packing tipsto make your move a little easier

❏ Gather boxes in all sizes from friends, neighbours and stores. Buy some from a packing/moving company if needed.

❏ Collect cushioning material such as bubble wrap, foam pellets, furniture pads, old blankets, plastic bags, tissue paper, newspapers and small towels to use as padding inside boxes.

❏ Create a “portable packing kit” with marking pens, a tape measure, packing tape, twine and scissors. Carry it with you as you pack up items in your home.

❏ Reinforce the bottom of boxes with extra tape for added strength.

❏ Label each box with the name of the room in your new home where it should be placed.

❏ List the contents of the box on the side of it.

❏ Label boxes containing fragile items with large red lettering.

❏ Place china in plastic bags and stack plates upright on their sides, not flat.

❏ Pack your TV, stereo and computer in their original boxes whenever possible.

❏ Keep boxes to 50 pounds or less.

❏ Pack heavy items into their own smaller boxes and place lighter items together into larger boxes. (Hint: Don’t pack all your books into one box!)

❏ Don’t move flammable, combustible, corrosive or explosive items such as paint, gasoline and ammunition.

❏ Pack a bag of personal items you’ll need during the move and keep it in an easy-to-find place when you pack.

tips & tricks

NEW CONDO GUIDEClient: MacDonald DevelopmentProject: Villas at WatermarkDimensions: 6.75” x 4.625”Insertion Date: May 30, 2014CMYK

PHASE 3 NOW SELLINGVillasAtWatermark.com T: 403.474.5985This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.

Community of the Year Calgary Region

2013


Classic Mountain Views. Brand New Villas Lifestyle.

Canada’s Best Community. From the mid $700,000s.Just 20 minutes from downtown Calgary.


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

From the developer oF 6th and tenthmarKetInG

Live on an orchard in the middle of the city

where a river runs through.

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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 MARK ON 10TH BY QUALEX 901 - 10th Ave S.W.

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

09 LiFFT BY VERICON REAL ESTATE VENTURES Coming soon to Renfrew-Bridgeland liveLiFFT.com

INNER CITY

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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

BRIDGELAND, CALGARY

Three reasons to buy a condo in

When we think of walkable areas with new condos in the inner city, Bridgeland is

most defi nitely one of the fi rst that come to mind.

Truth is that Bridgeland is up there with Victoria Park, Connaught, East Village and Kensington as the best places for living an urban lifestyle near the beating heart of our city.

Some condo buyers may ask, what's so diff erent about Bridgeland compared to those other highly sought-after communities mentioned above?

Well, here are three unique reasons why you should consider purchasing a condo in Bridgeland the next time around.

1ST AVENUE NE

1st Avenue NE to Bridgeland is what 17th Avenue SW is to the belt line. From east to west, this street is packed with everything that you could hope for just a few steps (or blocks) from all the latest multi-family projects in the area, including Bridgeland Crossings, Einstein 2, Steps, NEXT, 43 Park and LiFTT.

Find yourself craving some delicious food? Simply jaunt down 1st Avenue NE and discover Sushi Bar Zipang, La Dolce Vita, Blue Star Diner, � e Main Dish or maybe Il Sogno – some of Calgary’s best restaurants.

During spring and summer this main strip really comes to life with its curb-side patios and visitors from all over Calgary enjoying everything that it and the rest of Bridgeland have to off er. BOW RIVER

Imagine walking from 1st Avenue NE south, down the hill toward the Memorial Trail pedestrian pass, then up and over to the Bow River pathways in just a few short minutes.

For some, the Bow River may be a go-to resource for exercise while others may just enjoy taking a leisurely stroll with their pets.

Regardless of the activity, the Bow River and its network of parks and pathways extend for countless kilometres and lead toward other vibrant areas of our city including East Village, Inglewood, Eau Claire, downtown and the zoo.

Areas that are all reachable on foot within minutes – what’s not to like about that!?C-TRAIN STATION

We all have better things to do than to wait around in traffi c. Fact is, Calgary is rapidly growing which means more vehicles on our roads and longer waits getting to and from our destinations.

Why not skip rush hour by simply walking down to the Bridgeland LRT Station easily accessible by using the same pedestrian pass mentioned above?

You will be amazed at how much time you really save when using the Calgary C-Train system, that is set to get a whole lot bigger in the years to come.I LOVE BRIDGELAND

As a born and raised Calgary real estate agent, realtor and supporter of my city, it is hard to for me, and many others for that matter, to deny the desirability created by these three characteristics of Bridgeland. Is it the absolute best inner city neighbourhood to live in? I will leave that up to you to decide!

JOIN US For more city-related articles like this one, visit bestcalgaryhomes.com or follow us at Calgaryism on Facebook, Instagram and Twitter today. We hope to see you there!


7TH AVE NE

8TH AVE NE

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SALES CENTRE

701 7th AVE NEMon-Thurs: 12-6 PMSat-Sun: 12-5 PM

PROJECT LOCATION

41

condo profile

// By HeatHer ryan

condo buyers can Live for Tomorrow Today at Vericon Real Estate Ventures’ newest offering

in the heart of Renfrew-Bridgeland.Following up its highly

successful 43 Park condo project just a block away, Vericon launches LiFTT – a four-storey, 39-suite condominium featuring iconic, smart designs and a treed location near Bridgeland Park.

“At Vericon, we create well-designed, multi-family projects that focus on established neighbourhoods in the inner city. We deliver cutting-edge layouts

Live for Tomorrow Today

at Vericon’s lifttthat meet the needs of our buyers,” says Vericon president Joe Fras. “For example, LiFTT offers convenient, in-floor heating to maximize space efficiency. The building exterior is strikingly unique, with balconies that are recessed on the north side and cantilevered on the south to take full advantage of the sun.”

The nine-ft. ceilings accommodate oversized windows to maximize the natural light coming in and foster an open, spacious feeling. Fourth-floor suites feature vaulted ceilings with skylights for enhanced natural light. Top-floor homes facing south and west also offer unobstructed views of the downtown skyline, Fras notes.

This smartly designed building, located at 730 5th St. N.E., offers buyers a variety of space-efficient floor plans. One-bedrooms range in size from 562 to 713 sq. ft.; two-bedroom, two-bathroom layouts from 690 to 869 sq. ft.; and three-bedrooms with two bathrooms at 979 sq. ft. Prices start at $299,900.

LiFTT also features a distinctive FLeX kitchen – Food Lovers Extraordinaire – that includes one of the most popular design elements at


LiFTT offers a great location within walking distance of a variety of one-of-a-kind shops, restaurants and cafés

43 Park – a large island which functions as both a prep area, with a high-quality quartz countertop and a dining table for casual entertaining.

“We know that young buyers love to entertain friends in and around the kitchen area. Placing a dining table right in the island accommodates their lifestyle,” Fras says. “It makes maximum use of the space and offers the flexibility to function as a dining or work space.”

Residents in LiFTT will also appreciate the high quality of finishings, including oversized porcelain tile flooring in the bathrooms and in-floor

heating throughout for easier furniture placement with no cumbersome baseboard heaters.

Each suite comes with blinds for immediate privacy, in-suite laundry, out-of-suite storage, gas line hookups for the barbecues, and titled underground parking. Residents on the ground floor will enjoy direct access to the park – ideal for dog owners.

LiFTT offers a great location within walking distance of a variety of one-of-a-kind shops, restaurants and cafés. It’s easily accessible to transit on Edmonton Trail and an invigorating short walk to downtown. Buyers can also enjoy summertime recreation in Bridgeland Park, right across the street.

“Well over 250 people registered for priority information in advance of our sales launch on May 24,” Fras says. “They’re attracted to LiFTT’s livable designs and location.”

for more information about liftt, visit the presentation centre at 701 7th ave. n.e., open Monday to thursday, noon to 6 p.m.; and weekends and holidays, noon to 5 p.m. call 403.460.0949, or visit liveliftt.com.


In The news

FRAM BUILDInG GROUP

debuts the luxurious Riverhouse residences

An evening of premier design and fine wine gives guests a taste of Riverhouse

On APRIL 24, FRAM BUILDInG GROUP hOsTeD An exclusive evening event for special guests at premier design showroom Shaun Ford & Co. located in Calgary’s design district. More than 60 guests in attendance were introduced to Riverhouse, FRAM + Slokker’s collection of 12 modern, refined luxury residences on the Bow River in Calgary’s new East Village.

“We were thrilled to give our guests a sense of what living at Riverhouse will feel like, and to see that they’re just as excited as we are about this development,” said Fred Serrafero, vice-president of Development & Construction at FRAM Building Group.

It was announced at the event that Riverhouse has partnered with Italian Varenna Poliform kitchens to bring elegant, premium and custom designs to the residences. The stunning suite interiors have been designed by award-winning interior design firm Cecconi Simone.

Those in attendance also learned of Riverhouse’s luxurious wine-tasting lounge, which will be a truly unique amenity for residents and guests. To celebrate, David Walker, sommelier and technical director at Giusti Wine Group, treated guests to the newest Giusti Prosecco.

Designed by Giannone Petricone Architects, Riverhouse will be a terra cotta and steel-clad, six-storey building with oversized terraces. The 12 suites range in size from 1,500 to 3,540 sq. ft. with exceptional views and an abundance of natural light. They are priced from $1.2 million.

FRAM + Slokker is also bringing the FIRST and Verve condominiums to the new East Village. FIRST is more than 90 per cent sold and currently under construction. Verve is more than 50 per cent sold of current release.

For more information about Riverhouse, visit online at thenewcalgary.com.

PICTUReD Fred Serrafero, vice-president, Development & Construction at FRAM Building Group and Shaun Ford, owner of Shaun Ford & Co.

PhOTOs By Rob Moroto


MOVE IN THIS FALL!

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MOVE IN THIS FALL!One Bedrooms from $310K Two Bedrooms from $376K Townhomes from $545K

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47

INNER CITY

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!


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

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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.


INNER CITY

WHY THE MORTGAGE RATE WARS ARE

INVESTOR ADVICE // BY ANDREW LA FLEUR

The mortgage rate wars are now in full eff ect. Recently we’ve seen the return of the

2.99-per-cent fi ve-year fi xed-rate mortgage, and a huge surprise was when one lender announced an incredible 1.99-per-cent three-year variable-rate mortgage. Wow! So what do the mortgage rate wars mean to condo investors? It’s all good news, that’s for sure.

Andrew la Fleur is an award-winningrealtor with Re/Max and expert in the

investment condo market. EmailAndrew at [email protected]

Low interest rates are great for your bottom line. Low interest rates make a big diff erence to your bottom line as an investor. How? By helping you pay down your principal faster while paying less interest.

Consider this: on a $300,000 investment condo with 20 per cent down, at a three-per-cent interest rate, you will pay off $34,860 in principal in the fi rst fi ve years of your mortgage and $33,287 in interest. At a six-per-cent interest rate, you would pay down only $24,391 in principal and a whopping $67,739 in interest over the fi rst fi ve years of your mortgage.

Buying the right condo, at the right mortgage interest rate, is a great move.

Low interest rates are here to stay. For the last fi ve years it’s been the same old song from the skeptics: “Yes interest rates are low, but what happens to everyone when rates jump back up to normal?” � e reality is that the interest rates are not going anywhere any time soon.

� e Bank of Canada has recently come out and admitted that rates aren’t moving for the next one and half years or so. � e U.S. federal reserve is saying the same thing. No civilized country on Earth is raising interest rates, so why would Canada?

� e U.S. economy, and therefore the world’s economy, is still sputtering along at a snail’s pace. It’s time to accept the fact that we will be in a low interest rate environment perhaps for the next decade or more.

Are you going to sit on the sidelines and wait for higher rates, or are you going to take advantage and act now?

When interest rates eventually do start to rise, don’t worry.Here’s why: � e fears that people have about rising interest rates and a subsequent falling real estate market are irrational. Here’s why: if and when the Bank of Canada raises interest rates, that will mean that the economy is doing better than it is now, not worse. A better economy means more jobs and higher wages, which means more demand for real estate, and thus prices will rise, not fall. Prices fall during recessions, not during times of growth.

Rental rate increases may slow down as more people shift from rentingto buying in the future, but as a landlord you win either way. Interest ratesstay the same and more people will rent, driving up your investment condo income. Interest rates start to rise and more people will buy, driving up your property’s value.

great for condo investors

A better economy means more jobs and higher wages, which means more demand for real estate, and thus prices will rise, not fall


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einstein2 ad_v2_CondoGuide_HIGHRES.pdf 1 27/03/2014 1:44:58 PM

3-storey townhomes in north Calgary

from the $290,000’s

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

* Based on purchase price of $302,686 (incl. GST) with 5% down at a 2.90% 3 year fixed rate using StreetSide lender. Price and interest rate are subject to change without notice. Please consult your lender for current rates.

FINAL BUILDING JUST RELEASED

Take $1000 off your purchase when you register at Kintalla.com New show suites located at 150 Redstone Grove NE • Ph: 587.353.9201

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52

NORTHEAST

NOSEHILLPARK

FISH CREEK PARK


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NORTHEAST COMMUNITIES03 INDIGO SKY AT

SADDLERIDGE BY CARLISLE GROUP 68 Street NE & 80 Avenue NE

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

07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP 104 Redstone View (off Redstone Way and Redstone Street)

www.arrivehome.ca08 HIGHLAND PARK

BY STONECROFT 4303 - 1st Street NE

09 THE GARDENS OF SADDLESTONE BY GENESIS BUILDERS GROUP 329 Saddlelake Dr. NE

10 INDIGO SKY AT TARA LAKE BY CARLISLE GROUP Sales Suite 68 Street & 80 Avenue NE

11 KINTALLA BY STREETSIDE DEVELOPEMENTS 150 Redstone Grove NE www.kintalla.com

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


I recently sold my house, and now I’m plagued by pangs of guilt at the thought of moving on to

bigger and... better? After all, this was my family’s first home, our first property purchased. Like for many property virgins, this was our first foray into real grown-up-hood and our first taste of freedom. We could do as we pleased, painting and decorating to our tastes and desires. And though small, our house was sweet and it has served us well.

But leaving the home we know and love is just the beginning of our jitters. And by “our” I mean my husband’s. Of this I can be sure – if there isn’t anything concrete to worry about, he’ll come up with something. We’ve all heard of buyer’s remorse, but would this be a case of seller’s remorse?

home sweet home // by Lydia mcNutt

Lydia McNutt is an award-winning writer and editor of New Condo Guide.

Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media,

where real estate rules. Email [email protected],

and follow her on Twitter @LydiasTweets

Will we love our new home? Our new neighbourhood? What about our neighbours? While there are no guarantees, doing some homework is an important first step in making a smart move.

My husband and I plan everything well in advance. (We had our wedding timed to the minute.) Here’s how the sale and purchase would all go down: ›› We would sell our house in good time and for a good profit. (Real estate

values have been steadily rising in our neighbourhood, and after keeping a close eye on comparables, we had a dollar figure in mind. Selling our house first would allow us to sit tight until we got at least asking price.)

›› The day our sale became firm, we would find our dream home which met our long list of demands. We’d make a quick offer without having to deal with multiple offers. It’s a sellers’ market, you say? Pshaw!

›› The closing dates on our sale and purchase would align, and we could move out, move in and get on with our lives without too much disruption.

Believe it or not, this is the way it actually happened. We sold, we bought and we conquered. But the reality is, for many homebuyers this won’t be the case.I like to credit our easy-breezy transaction with a great deal of planning, and a little luck.

Considering the magnitude of a home purchase – financially, emotionally and otherwise – we started our research well in advance. In fact, we’ve been browsing open houses since last spring (yes, a full year ago!) and seriously exploring potential neighbourhoods a good three months before the For Sale sign went up. We knew where we wanted to live, and more importantly, where we didn’t want to live.

It’s a good thing we started early, because my husband and I butted heads, and our list of demands was a long one. He was in favour of a new home with more square footage and less concern when it came to location. I was willing to compromise on the shiny bells and whistles in favour of staying in our current area (or, as close to it as possible). We wanted our new home to have easy access to the highway (for him), proximity to parks and “kid-friendly” amenities (for the little one), yet the location had to be close enough to urban amenities and shopping (which I consider to be a sport). Of course, we had our must-have list defined for the house itself – bedroom and bath requirements, along with a few extras. Then we had to work that wish list into our budget reality. Sounds like a bit of a puzzle, which is why we started planning early.

If you’re on the hunt for a home this spring, it’s important that you start your search by doing some research. Buying a home is complicated, expensive, exhaustive. Knowing what you want and need will ease some stress.

Now to start planning our move! At least we have three months to get those ducks in a row!

Here’s our List of

demaNds...


BUILT BY CERTIFIED BY ARRIVEHOME.CA

SHOWHOME NOW OPEN!

Showhome HoursMonday to Thursday 2pm to 8pm Friday to Sunday 12pm to 5pm

Showhome Address104 Redstone View NE (Off Redstone Way)403 264 8963

TOWN HOMES STARTING IN THE $280sRegister at arrivehome.ca for Skyview RanchArbours pre-construction incentives

128 AVEDEE

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REDSTONEWAY

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STONEY TRAIL

NE

ARRIVE SUSTAINABLYTake pride in owning an Arrive townhome because it’s built environmentally

responsible – and love it because it can save you money. Our homes have an

EnerGuide™ Rating of 80+ points and BUILTGREEN® labeling because we include

sustainable materials and features that reduce home energy costs, including heat

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and large bright Low-E windows. Arrive home.

55

FUNDAMENTALLY SPEAKING // 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 you need to examine when

buying property. He can be reached [email protected] or followhim on Twitter at Twitter.com/WayneKarl

should you buy?

of them your house has when you go to sell, the more attractive it will be to a greater number of people.

While experts suggest you take a long-term view when buying a home, it’s also important to not look too far down the road.

Let’s be honest, your fi rst home may not be your dream home, and your needs and desires are bound to change throughout the various stages of home ownership. You might not be able to aff ord the home of your dreams right off the bat, but once you’re in the market, it’s easier to move up.

So, while the answer to the question – What type of home should you buy? – is specifi c to circumstances, there are also some common guidelines youcan follow.

How much can you aff ord? Experts agree it is never a good idea to make yourself house-poor, and it is a very common mistake, particularly of fi rst-time buyers, to buy more home than you can really aff ord. Meeting with a mortgage broker or your banker will help determine your full fi nancial picture, assessing everything from your credit rating to how much you have saved for a down payment. And with tougher mortgage rules recently taking eff ect, buyers should

“stress-test” their plans – seeing how well you could cope with higher mortgage payments brought on by rising interest rates in the future.

How much will it really cost? Another common homebuyer mistake is not being prepared for all the closing costs involved: lawyer fees, land transfer taxes, utilities, insurance, and home inspection and appraisal fees. All of these costs add up, and ultimately should factor into your overall home-shopping budget.

Where do you want to live? � is question is becoming more important for a number of reasons, though infl uenced primarily by where you work, how much of a commute you want, and whether your transportation options include mass transit or driving your car. Indeed, especially with gas prices on the rise, proximity to mass transit is something more and more people are looking for in their new home location. It may not be as simple as choosing to live in the city, suburbs or small town.

What type of home do you want? Once you have determined your optionsfor cost and location, you can then assess what types of homes are available in your price range and desired neighbourhood: condo, townhome, duplex, semi-detached, or single-family detached?

Some many questions, so many choices. � e good news is, home builders today are in sync with customer preferences for location and amenities, and with market realities with regard to pricing and needs for energy effi ciency, so your options for new-home product have never been better.

What type of home should you buy? Whether you’re a fi rst-time buyer, moving up

to a larger home or downsizing to a smaller one, the answer to this question is an individual one and it depends on your situation – from the amount of your down payment to where you work to whether you have kids to other personal circumstances.

For your own enjoyment while you live in your home as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that aff ect the your property’s appeal, and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more

WHAT TYPE OF HOME


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

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in the news

the homes have finally arrived Spring brings sellers out of hibernation

the spring market, which seemed on the verge of under-performing, turned a corner in the last weeks of the first quarter. According to the Royal LePage House Price Survey, most regions showed healthy year-over-year price growth, with the average price of a home in Canada rising between 2.5 and 5.4 per cent. In the first quarter, standard condominiums posted gains of 2.5 per cent to $252,174. The average price of a two-storey home increased 5.4 per cent to $428,943, while detached bungalows rose 4.4 per cent year-over-year to $380,765. Regionally speaking, Edmonton, Calgary, Winnipeg and Toronto saw the highest price increases, while parts of Atlantic Canada, with much of its inventory still under snow, posted the lowest gains overall.

“It appears that it took only the slightest hint of spring to bring home-sellers out of hibernation,” says Phil Soper, president and chief executive of Royal LePage. “We are finally seeing the arrival of housing inventory in seasonally appropriate quantities across the nation. When combined with pent-up demand following a particularly long and harsh winter, the stage is set for a robust 2014 spring market. This is particularly good news for buyers, as the home price spikes we have seen in a number of cities should be alleviated by this additional supply.”

Canada’s economy continues to strengthen with the Bank of Canada currently projecting GDP growth of 2.5 per cent in 2014. Major financial institutions including RBC and TD Bank posted economic forecasts that were in line with this projection at 2.5 and 2.3 per cent, respectively. On the jobs front, employment matched the late-quarter rally seen in the housing industry, exceeding expectations and bringing the unemployment rate to 6.9 per cent, matching its lowest level in six years.

“With a series of supportive economic factors at play, we expect the country’s real estate market to continue the strong showing it posted in the second half of 2013,” says Soper. “As the economy strengthens, the federal government is poised to produce its first balanced budget of the post-recession era. Interest rates should remain supportive of the industry for the balance of the year and improving fortune south of the border has strengthened the U.S. dollar, fueling demand for our relatively more affordable exports.”

“Suggestions of an overheated real estate market and bubble continue within the mainstream dialogue, but are becoming less frequent,” concludes Soper. “Of the core housing types, the condominium segment remains the

most vulnerable to short-term price softness in light of increased inventory, but the situation is limited to only a few cities. The medium- to longer-term prognosis for this housing sector remains very positive.”

In December 2013, Royal LePage released a research report addressing fears of market instability resulting from high volumes of condominium projects and a potential blitz of new inventory in Canada’s largest cities. The report found that while the condo market may experience some turbulence in the short term as we see a transition from very high levels of sales activity to slightly lower start volumes, condominium living plays, and will continue to play, an important and well-established role within the housing markets of Canada’s largest cities. That role will continue to grow, resulting in sustained demand and expansion of inventories through new housing production.

local view High demand and inventory shortages fuelled strong price appreciation. The average price for standard condominiums increased by 5.3 per cent to $274,700. Detached bungalows jumped in price by 6.3 per cent to $480,222, while the standard two-storey home experienced the greatest growth year-over-year, surging by 7.5 per cent to $472,644.

We are finally seeing the arrival of housing inventory in seasonally appropriate quantities across the nation. When combined with pent-up demand following a long and harsh winter, the stage is set for a robust 2014 spring market.


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Townhomes from the $360’s and Stacked Bungalows from the $480’sVisit HunterHouseLiving.com for more information.

With better quality finishes, full-height glass backsplashes and quartz countertops, our stacked bungalows set a new standard for living in southwest Calgary. With features like these, you can remove the word�compromise from your vocabulary.

Generally thouGht of as a playful backGround to the home’s interior, wallpaper has been around for many, many years — dating back to the 16th century, and today it is more popular than ever. Wallpaper can inject so much more personality into a space in the form of pattern, texture and colour, which you can’t always get with a paintbrush and roller.

Types of WallpaperWallpaper is available in several different materials, each with its own characteristics.Vinyl The most basic type of wallpaper, easy to clean, hang and remove, and great for moist areas such as bathrooms. embossed Textured paper which can usually be painted and is excellent for covering up walls with imperfections. Easy to install and easy to clean. foils Metallic-looking wallpaper that will add brightness and sparkle to any room. Looks best installed on flat

Tom Haga Concrete Wall No.7

walls with no flaws or damage. Can be difficult to hang, though it is fairly easy to clean.Grass cloth Woven out of long strands of grass, this extremely textural wallpaper has an organic quality like no other. Very difficult to hang and tough to remove.Textile Fabric type of wallpaper which can be more difficult to both clean and hang, but adds great texture and depth to a space. flocks Velvet or velvet-like raised designs on vinyl type paper. It can add great personality and aesthetic to any room however not all types are washable. This paper can be tricky to handle and difficult to hang.

ChoosinG The riGhT paTTernIf your furnishings and décor are already complete, then you want to select a paper that complements the existing colour and style as well as the size and shape of the room being wallpapered. If there are already other patterns present in the area then be sure to choose a harmonizing

wall

// by yanic simard

desiGner advice

Off the


scale. In terms of the room to be wallpapered, keep in mind that horizontal patterns will make a room appear wider, and vertical patterns will make ceilings feel taller.

Where To WallpaperIn the ‘70s, your house wasn’t quite up to par unless you covered every square inch of every wall with wallpaper. Today that’s hardly the case, however if you’re using it in a smaller space such as a powder room, I still say to go for it. One feature wall is usually all you need to make a room pop, like behind the bed in a bedroom. Also, consider wallpapering the ceiling to create high impact and style.

Tracy Kendall Jigsaw

Trove Chroma, 001 Tracy Kendall Sequins

MeasurinG for WallpaperMeasure your walls carefully to calculate the amount of paper you’ll need to cover the desired area. Standard rolls measure 11 yards in length, 20.5 inches in width, and wide width rolls are sometimes available which are the same length but measure 27 inches in width. I always recommend adding one extra roll to the amount you require just in case. The experts where you’re buying the material should be able to assist in the calculations to be sure.

Once you see what paper can do for your walls, you may instantly reach for the paste rather than a brush the next time you need to freshen up a room.

yaniC’s faVouriTe Wallpaper lines› Trove available through Industrial Storm (shown pattern Chroma, 001). visit troveline.com, industrialstorm.com

› Concrete Wall by Tom Haga (shown Concrete Wall No.7). visit concretewall.no

› Tracy Kendall available through Hollace Cluny (shown Sequins and Jigsaw patterns). visit tracykendall.com, hollacecluny.ca

Trove Alar

yanic simard is the design editor of New Condo Guide and principal designer of the TIDG. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Yanic has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.


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 63

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:


Sq. Footage:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. Footage:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. Footage:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

homebuyers’ help


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 3.390Bank of Montreal 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 4.790CIBC 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 4.990First 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 2.950 3.090HSBC Bank Canada 3.100 4.450 3.600 3.950 4.450 4.990 5.340Home Trust Company 2.500 3.950 2.890 2.890 2.790 2.940 3.090ICICI Bank Canada 3.050 - 3.150 3.650 3.640 3.690 3.890Investors 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 3.190 3.240Manulife Trust - 4.450 3.000 3.050 3.100 3.190 3.240National 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 4.390 4.990Steinbach Credit Union - - 2.700 2.800 2.900 2.950 3.200T-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.


Index of advertIsers read more about our advertisers!

Albert Park Station Carlisle Group 20-21

Arrive at Redstone Arbours Partners Developments 55

Avenue Grosvenor 49

Champagne Remington Development Corp. 2

Copperfield Park II Brad Remington Homes 68

Cranston Ridge Cardel Lifestyles 1,3, 11-13

Creekside Village Carlisle Group 20-21

District Boulevard Developments 48

The Edge Streetside Developments 22

Edison Avi Urban 67

Einstein2 - Bridgeland Providence Developments 51

Emerald Sky Carlisle Group 20-21

The Gates Remington Development Corp. 14

Groves of Varsity Statesman 30

Harvest Mosaic Brookfield Residential 19

Heartland Townhomes Excel Homes 23

Hunter House Streetside Developments 59

Kintalla Streetside Developments 52

Legacy Gate Carlisle Group 21-24

Lido Battistella 4

LiFFT Vericon 41-43

Riverfront Pointe Carlisle Group 20-21

Riverstone Brookfield Residential 19

Sage Place Cardel Lifestyles 3

Smith Grosvenor 7

SoBow M2i Developments 45

Stone Keep Merge Developments 28

Stone Creek Landing Carlisle Group 20-21

Street Towns Homes by Avi 17

Ven Bucci Developments 47

Veridian Trico Homes 61

Villas of Watermark MacDonald Developments 36

Waterfront Anthem Developments 5

Willow Avi Urban 6, 32-33

Zen Avalon Master Builder 25-27

Jayman Group of Companies Pullout Insert

AviraConceptEbony

OvertureRiversong Trinity


067-Avi Urban-Edison 05-30-14.indd 999 2014-05-22 4:12 PM

755 Copperpond Blvd. SE | 403.723.00942:00-8:00pm Monday-Thursday | 12:00-5:00pm Sat-Sun/Holidays

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*plus GST. Includes title parking stall

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Building it RightComprehensive water, mildew, and fire resistant construction envelope

Super “E” R5 High Performance Windows and Doors

30 year “Chateau Roof” - Cambridge Life-Time Shingles


068-Copperfield 05-30-14.indd 1 2014-05-22 4:13 PM

Calgary New Condo Guide - May 30, 2014

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Transcript of Calgary New Condo Guide - May 30, 2014