Calgary New Home Guide - Jun 17, 2016 by NextHome

JUNE 17 - JULY 15, 2016 VOLUME 19, ISSUE 7, FREE

CALGARY EDITION

LIVE RIGHT HERE. logo 1.5”x1.5” SHOWHOME NOW OPEN 707 Shawnee Drive SW

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MAKING THE MOST OF YOUR OUTDOOR LIVING SPACE

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Celebrating our 60th year means Anniversary COLLECTION

Only Available

YOU SAVE BIG $$$

THE PROSPECT 60

Heritage Hills, Cochrane STARTING AT

$319,900

1350 sq. ft. Townhome

STARTING AT

THE GALVESTON 60 Kinniburgh, Chestermere STARTING AT

$306,900 from

Only Available

$489,900

2227 sq. ft.

1338 sq. ft.

2 11

Only Available

THE GALVESTON 60

Boulder Creek, Langdon STARTING AT

Only Available

$449,900

2227 sq. ft.

THE CYPRESS 60 Legacy, SE Calgary STARTING AT

$469,900

2064 sq. ft. 3

Only Available

THE VAN HORNE 60 STARTING AT

$439,900

1928 sq. ft.

We have only 33 new homes remaining at significantly reduced prices. The 6 models in our Anniversary Collection are built to the same specification as any other Stepper home. These homes aren’t built, so you choose your lot and select your finishes. Lot prices vary, as do individual tastes — so whether you want a Rocky Mountain view, or prefer living in the southeast for less, the sooner you act, the better your chances of getting the lot you really want, for the price you want.

IMPORTANT STUFF TO KNOW: Prices include house, lot & GST. Prices shown current on

May 31, 2016. As lots are sold, prices will be adjusted to reflect the current lots available.

Details at StepperHomes60.com

SINCE 1956

contents JUNE 17 - JULY 15, 2016 | VOLUME 19 ISSUE 7

ON THE COVER

Cardel Homes

Shawnee Park showhome earning rave reviews

+ online NEIGHBOURHOOD

HOME SEARCH

neighbourhood proﬁle MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

Cardel Homes

Shawnee Park showhome earning rave reviews

24 Shane Homes

launches Madera street towns in Midtown

WITH

DYNAMIC MAPS

LOOK FOR THE CIRCLE

trending

Education

Ranking Alberta’s top elementary schools

50 Homebuying

Top 10 malls in Canada – and one reason to buy near them

56 Homebuying

Canada’s most millennialfriendly housing markets

inspiration

43 Design Secrets

10 tips for painting great looking walls

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Moe Lalani ALBERTA SALES MANAGER

Shelley Balla EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung

CONTRIBUTING EDITORS

Sara Duck (on leave) Elisa Krovblit Lydia McNutt (on leave)

SENIOR MEDIA CONSULTANT

Melanie Gowans 403.200.8462 Follow me on twitter @melgowans Like us on Facebook ypnexthome

48 advice

in every issue

The Homebuying Process

Making the most of your outdoor space

30 What’s Online

by Donna Moore

48 Neighbourhood Profile

Fundamentally Speaking

district maps

Greg Van Sluytman GRAPHIC DESIGNER

Mike Terentiev PRODUCTION MANAGER

Helen Pearce

FOR ADVERTISING INQUIRIES PLEASE CONTACT:

403.200.8462 FOR NATIONAL ADVERTISING INQUIRIES CALL:

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Published by

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by Wayne Karl

Cochrane

Calgary’s New Home Guide is published 13 times per year. We are located at:

Money Matters

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2891 Sunridge Way NE Calgary, AB T1Y 7K7. Phone: 587.226.1313

Okotoks

Northwest

Northeast

Alberta’s home builders lending a hand

Editor’s Note

PRODUCTION CO-ORDINATOR

Renting versus owning a home by Gail Vax-Oxlade

26 Mortgage Mogul

The benefits of using a mortgage broker by Jason Eldridge

34 Calgaryism

The important steps of buying a new home by Cody Battershill

40 Insight

Do you need a landscape consultation? by Brad Jackman

42 Calgary

North Region

Calgary East Region

49 Southwest 53

Calgary South Region

The magazine is free to the public

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COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. TERMS Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties

will be considered. Please submit to the editor at Susan.Legge@ypnexthome.ca

Editors' Notes

LAKE BONAVISTA

MORE PHOTOS ONLINE SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge

ypnexthome.ca/lake-bonavista

Important considerations What are the critical things to consider when choosing a location? There are so many personal variables, it’s really up to you to decide. As an example, if it is just as important to you to be close to your children’s school as it is to your place of work, then look for a place that offers you the best of both worlds. If you own a car and want to use public transportation whenever possible to save on parking and gas costs, a location close to masstransit may be a better option for

you. If you’re a walker, proximity to major amenities should be a definite consideration. Running errands such as grocery shopping and banking on foot affords many health benefits and provides you with a chance to meet your neighbours and discover new places, too. Make a list of your priorities first, then take the time to assess each location for its merits and weigh your options. Let us know what those priorities are. We’d love to hear from you!

Attention, class

WAYNE KARL Senior Editor

Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

+ get social 8 YPNEXTHOME.CA

For many Canadian families, financial literacy for kids begins with a piggy bank, maybe an allowance and perhaps a first bank account. Some may continue the education with somewhat more serious lessons – such as reviewing monthly bank statements and explaining how interest works. Moving into the teen years, many families likely entrust the more important matters of personal finance to our education system. But there, we venture to say, they might well be disappointed. David Chilton lamented that fact more than 25 years ago in his bestseller, The Wealthy Barber. How

much has changed and how well have things improved? Based on a number of considerations, not so much. And when it comes to real estate in 2016, the lessons are more important than ever. Indeed, our real estate has been a top performer for years, but the resulting costs of living for millennials and other young Canadians are skyrocketing, in some cases, prohibitively high. More and more organizations – from governments to banks and even to investment firms – see the need and are offering programs for financial literacy for youth.

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2 Copperfield And the top elementary schools in Alberta are… proportion of students with special Top 20 schools* needs or students in English as a 3 Cranston School City Affiliation Second Language (ESL) programs. Developer: Carma 1. St. Catherine Edmonton Builders: Albi Homes | Beattie Homes | Cardel Separate For example, one of the fastest | Cedarglen Homes | Trico Homes 2. John A. McDougall Edmonton Public improving schools in the province in Homes 3. Sifton Edmonton Public 2015 – based on analysis of Cranston its results Estates 4. Thorncliffe Edmonton during the most recent five years – is Showhomes: Corner of Cranston Ave.& CranarchPublic Rd. 5. Belvedere Edmonton Public St. Catherine Catholic Elementary/ 6. Keeler | Landmark Homes Calgary | Public Builders: Junior High School, a separate schoolAlbi Homes Baywest Homes 7. Duggan Edmonton Public located in Edmonton. Despite having 8. Good Shepherd Fort McMurray Separate two-thirds of its students4 identified WALDEN 9. Duchess Duchess Public as ESL learners, St. Catherine’s overall Showhomes: Walden Rise SE 10. Riverbend Calgary Public rating has steadily improvedDeveloper: to 6.6 (out Genstar 11. Rosscarrock Calgary Public of 10) in 2015 from just 1.7 inBuilders: 2011. Shane Homes | Cardel Homes | Innovations 12. Glenbrook Calgary Public by Jayman | Excel Homes Another school Keeler, a public 13. St. Maria Goretti Edmonton Separate Developer: Carma school in Calgary, also recorded a 14. Sacred Heart Wetaskiwin Separate significant jump in its ratings since 5 Mahogany15. St. Theresa Wabasca Public 2011. With 27 per cent of its students Showhomes: Mahogany Heath SE. St. Albert 16. RobertRundle Separate having special needs and 37Developer: per Hopewell 17. Hillside Grande Prairie Public cent of its students identifiedBuilders: as ESL Jayman MasterBUILT | Sabal Homes | 18. Kitscoty Kitscoty Public learners, the school earned a score ofStepper Custom Homes | Trico Homes 19. Capitol Hill Calgary Public 4.0 in 2015 compared to 0.0 in 2011. 20. St. Edmund Edmonton Separate 6 McKenzie Towne Of the 10 fastest improving schools, Developer: Carma *Fastest improving schools 2011 to 2015 six are in Edmonton.

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ELGIN VILLAGE Showhomes: Elgin Meadows Green SE. Elgin Estates Park SE. Builders: Cardel Homes | Homes by Avi | Albi Homes | Heartland Homes

VILLAGE OF PRESTWICK Showhomes: Prestwick Blvd SE. Builders: Cedarglen Homes | Jayman MasterBUILT

7 New Brighton

10 YPNEXTHOME.CA

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THE FRASER INSTITUTE has published its annual Alberta elementary school rankings, showing how schools have performed academically and which schools across the province have improved or fallen behind. The Report Card on Alberta’s Elementary Schools 2016 ranks 812 public, separate, francophone, private and charter schools based on seven academic indicators derived from province-wide test results. “Our report card is the only objective, reliable tool that parents have to compare the academic performance of their child’s school over time and to that of other schools in their community,” says Peter Cowley, Fraser Institute director of school performance studies. The data from the 2016 report card suggests that every school is capable of improvement regardless of the type of school, its location and the

Developer: Hopewell Residential Communities Builders: Broadview Homes | Coco Homes Sabal Homes | Stepper Custom Homes

JAMES McKE

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DEVELOPER: Hopewell Residential BUILDERS: Jayman MasterBUILT, Hopewell Residential, Stepper Custom Homes, Homes by Avi, Excel Homes ESTATE BUILDERS: Calbridge Homes, Morrison Homes, Homes by Avi www.mahoganyliving.com

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DEVELOPER: Genstar BUILDERS: Cardel Homes, Excel Homes, Homes by Avi, California Homes, Avi Urban, Cedarglen Homes www.waldenliving.ca

52 STREET

BARLOW TRAIL

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DEVELOPER: Brookfield Residential BUILDERS: Albi Homes, Cardel Homes, Cedarglen Homes, Trico Homes, Morrison Homes, Landmark Homes, Baywest Homes, Brookfield Residential RIVERSTONE OF CRANSTON BUILDERS: Albi Homes, Cedarglen Homes, Landmark Homes, Baywest Homes, Calbridge Homes, Brookfield Residential www.livecranston.ca

52 STREET

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ELBOW DRIV E

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03 CRANSTON

06 McKENZIE TOWNE

DEVELOPER: Brookfield Residential BUILDER: Mosaic Townhomes: Brookfield Residential www.livemckenzietowne.com

07 NEW BRIGHTON

DEVELOPER: Brookfield Residential BUILDERS: Cedarglen Homes, Morrison Homes www.livenewbrighton.ca

08 QUARRY PARK SETON BLVD SE

DEVELOPER: Remington Corporation BUILDERS: Cardel Homes, Birchwood Properties, Albi Homes

09 LEGACY 9

01 AUBURN BAY

DEVELOPER: Westcreek Developments BUILDERS: Stepper Custom Homes, Albi Homes, Trico Homes, Sterling Homes, Creations by Shane Homes, Innovations by Jayman, Calbridge Homes, Morrison Homes www.legacylife.com

DEVELOPER: Brookfield Residential BUILDERS: Brookfield Residential, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Innovations by Jayman www.liveauburnbay.ca

02 COPPERFIELD

DEVELOPER: Hopewell Residential BUILDERS: Hopewell Residential, Stepper Custom Homes

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 11

Property Profile | CARDEL HOMES

cover story

Cardel’s latest showhome in Shawnee Park earning rave reviews NESTLED ALONG THE SOUTHERN edge of Fish Creek Park in a well-established area of southwest Calgary, Cardel Homes has opened the doors to a fabulous upscale, single-family showhome that is earning rave reviews. The Meyer, a 2,348-sq.-ft., two-storey showhome, opened in mid-April in Shawnee Park, a community Cardel is developing in the southwest that is surrounded by the mature communities of Shawnee Slopes, Evergreen and Millrise. “Shawnee Park is a large infill development in a well-established area so buyers can have a brand new home and enjoy all the amenities already in place,” says area manager Jon Mortier. “It’s within walking distance to the LRT, shopping, Fish Creek Park, and offers established schools, which is just amazing. 12 YPNEXTHOME.CA

“It’s a very prestigious, unique location and the response to the showhome has been overwhelming,” he says. “We had 200 groups come through for our grand opening and since then we’re seeing 20 groups a day during the week and double that on the weekend. It’s really a fantastic response and people love the showhome’s design and how bright it is, and they say it feels much larger than the square footage.” Entering the home, you’re greeted by an open foyer that provides plenty of room to place a bench or hall table and it’s made bright by several windows. Underfoot, a beautiful wide plank white oak hardwood floor flows

Location

Shawnee Park Builder

Cardel Homes Development

Sunset Ridge Home Type

Single-family semi-estate Price

Starting from the $660’s Sales Centres

707 Shawnee Dr. S.W., Calgary Contact

Jon at 403.256.7902

“Shawnee Park is a large infill development in a well-established area so buyers can have a brand new home and enjoy all the amenities already in place” throughout the main floor and the nine-ft. ceilings on every floor creates a grand feel. Venturing further inside, the chef’s kitchen ups the wow factor with an expansive island that looks more like a piece of furniture with quartz countertop and spacious bar seating. The island’s dark tone is a nice contrast to the rest of the kitchen’s custom wood light-toned cabinets that rise to the ceiling. Stainless steel

appliances include a gas stove and a microwave that is built into the cabinets that stretch into the walkthrough pantry, which ultimately lead to a good-sized mud room off the garage and a convenient half bath at the front of the house. Adjacent to the kitchen is a large dining nook, while across from the kitchen is a spacious great room that is highlighted by a central fireplace surround in marble tile

from floor-to-ceiling and flanked by tall windows. Upstairs, owner’s will adore their master suite that presents a spacious retreat highlighted by a private balcony, large walk-in closet and luxurious ensuite featuring separate his and her vanities, awesome free-standing tub and over-sized glass shower. “People really love the private balcony and they can see themselves sitting out there in the evening relaxing with a glass of wine or a coffee,” Mortier says. Also upstairs are two generous sized secondary bedrooms, a full bathroom, well-appointed laundry room with a built-in open shelf tower, large counter over a front loading washer and dryer with additional storage above and a huge bonus room. The basement has also been developed creating an additional 700 sq. ft. of living space with an expansive rec/family room, fourth bedroom and full bathroom. Currently, Cardel is building in Phase I and just released 81 lots in Phases 2, 5 and 6 so there are a wide variety of lots to choose from including walkouts and most lots back onto greenspace. “The lots range from 32 to 40 ft. wide, and people can build homes with tandem garages to fit three vehicles or rear attached garages,” Mortier says. “We also can build upwards of 15 different two-storey and bungalow models in Shawnee Park.” For more information on Shawnee Park, lots and models available, visit The Meyer showhome at 707 Shawnee Dr. S.W., Calgary, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.256.7902 or visit cardelhomes.com JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 13

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DEVELOPER: Tamani Communities BUILDERS: Innovations by Jayman, Sabal Homes, Jayman MasterBUILT, Trico Homes

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DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi www.liveinsunsetridge.ca

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DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Trico Homes

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05 MONTERRA ON COCHRANE LAKE DEVELOPER: Medallion Development Corp. BUILDERS: Prominent, Modena, Cornerstone, Brooklyn, Astoria Custom Homes

09 THE WILLOWS OF RIVER HEIGHTS

DEVELOPER: La Vita Land Inc. BUILDERS: Janssen Homes, Kingsmith Homes, NuVista Homes and Sterling Homes

06 WESTPOINTE ESTATES

DEVELOPER: MGM Developments. BUILDERS: Mapleland Homes, Kingsmith Homes

07 FIRESIDE

DEVELOPER: La Vita Land BUILDERS: Calbridge, Janssen, Kingsmith, Landmark, ReidBuilt Homes www.firesidecochrane.com

08 HEARTLAND

DEVELOPER: Apex Developments BUILDERS: Excel Homes www.heartlandcochrane.com

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 15

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Advice | THE HOMEBUYING PROCESS

Making the most of your outdoor space By Donna Moore

MORE ADVICE ONLINE ypnexthome.ca/news/advice WHEN IT COMES TO buying a new home, choosing the right lot and landscaping projects are just as important as selecting the right home – you want one that best suits your family and lifestyle. Regardless of the size of your property, you can make your outdoor space an extension of your home – a place where you can get together with family, friends and neighbours hosting a backyard barbecue and just relaxing in the sunshine on your deck or patio. With a little planning and a bit of hard work, you can turn your back yard into an inviting place to entertain or a private oasis, while the front yard can bloom with colourful gardens that add to your home’s curb appeal and the neighbourhood streetscape. Certainly, owning a new home gives you the chance you develop your landscaping from scratch, a chance to create lush green lawns, beautiful gardens or zero maintenance landscaping. Essentially, you have a blank canvass to create whatever suits your lifestyle whether you love to spend hours in the garden or want to do as little as possible. Home builders in the Calgary region recognize the importance of creating a whole home atmosphere, inside and out, and many offer landscaping options or “packages” that include patios and decks, as well as tree planting, sodding and fencing. Some builders also have a network of professionals, including landscape specialists, whom they can recommend to their customers. Buyers can then deal directly with 16 YPNEXTHOME.CA

these specialists when it comes time to design and create their landscaping. Whether you plan to work with your builder, hire a landscaper or do the work yourself, there are some things to consider before starting your landscaping project. Start with a plan to develop a full vision of your entire outdoor space even if you’re not doing all of the work right away to avoid making mistakes. Put together a wish list – those items that you have always wanted such as gardens, ponds, waterfalls, patios, decks, fences and pergolas. Then review those items and compare them to the space you have. Think about what items are going work in the space and drop those that just won’t. For example, if you’ve chosen a lot with a sunny back yard a shady tree or pergola may be a priority. Once you’ve done the planning, consider what items you want done now and what can be phased in over time when budget allows. When planning landscaping projects, remember soil preparation and water control, particularly drainage, are crucial. Discuss with your builder items such as soil type on your property, landfill, foundation height and backfill around the house. It’s important to

know your drainage patterns and the placement of eavestroughs and downspouts so that whatever you create allows for water to drain away from the foundation. Look at your lot, you may have a yard that gets little sun or tons of sun, so that will determine the type of planting you can do. Also, consider other needs your design may have such as electricity for lights or a natural gas line hookup for the barbecue. Some popular trends in outdoor designs in recent years include roof structures, which allow you to enjoy the outdoors even during a rain shower, outdoor fireplaces and fire tables that add warmth to chilly Calgary evenings and outdoor kitchens and living rooms that extend your indoor entertainment outdoors. Remember whatever you choose for your landscaping be realistic and factor in how much maintenance you actually want to do. Landscaping is an integral part of your new home, so explore your options thoroughly and remember to save some time to enjoy your creation. Donna Moore co-CEO, CHBA – UDI Calgary Region Association, 403.235.1911, crhba.com

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Advice | FUNDAMENTALLY SPEAKING

Alberta building industry lends a hand to Fort McMurray By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice WHEN FORT MCMURRAY AND SURROUNDING AREAS were left

reeling from the recent wildfire disaster, it wasn’t just Alberta communities, governments or the Canadian Red Cross that pitched in to help out. Indeed, the home building industry in Alberta immediately stepped up, intent on lending a helping hand. “We have only preliminary information, but direct cash contributions by CHBA members in Alberta have topped $200,000 already, and many fundraisers are planned,” Paul Cashman, spokesman for the Canadian Home Builders’ Association – Alberta, told New Home Guide. “Members are also collecting donations for relief agencies at showhomes, helping to distribute emergency supplies to evacuees, matching employee donations and pledging to make a contribution to the Red Cross for each new home sold.” “Crystal Creek Homes is making a donation to the Red Cross to support the needs of this devastated community, and encourage all of our trade partners and suppliers to do the same,” says Crystal Creek Homes, a builder active in Edmonton, Calgary and Airdrie, Alta. “We are proud to be an industry that steps up in a time of need, and we expect that this time will be no different. In the coming days, weeks and months, we are committed to helping the people of Fort McMurray recover.” 18 YPNEXTHOME.CA

The recovery may take weeks, months or even years, but the contributions are coming from home building associations, the member companies and their employees: » The Homes by Avi Group of Companies is making a significant donation — to date more than $20,000 — to the relief effort, and is promising to match the donations of its staff members. » Landmark Group of Companies is donating $100,000 to the Canadian Red Cross for emergency relief and recovery efforts. » Rohit Group of Companies, Edmonton, has held a number of local fundraisers. » CHBA Edmonton’s NextGen and Member Services committees hosted a fundraising barbecue and has collected new items to donate to the Edmonton Emergency Relief Services Society. “We already know that it will be a major job to rebuild the community and replace lost homes,” says Jim Rivait, CEO, CHBA – Alberta. “Insurance adjusters are supposed to begin assessing properties (soon),” Cashman adds. “So we don’t have a handle yet on how much work will be done but it will be significant. “That will be a challenge for the local companies who entered the crisis at a 20-year low on home starts. One factor to consider is that the slowdown in construction in the oil sands may provide a pool of skilled labour that will help companies build up capacity. “New home construction in Alberta was also down by almost half in the first quarter so there is more potential to shift resources around the province than a couple of years ago. But it’s not easy to go from a standing start to full speed and everyone should

WOOD BUFFALO AT A GLANCE Number of private dwelling units: Approximately 31,240 New home construction 2015: 193 units, lowest level in more than 20 years; 13 units started in first four months of 2016 Peak new home construction: 2,175 single- and multi-family homes started in 2007. Unsold new inventory: 16 completed but unoccupied new homes in April, down from 17 in March and 80 in April 2015. New home prices: $838,000 for typical new single-family home built in last three years; new semi-detached homes about $686,000 MLS Prices 2015: Average decrease of 6.2% from previous year to $560,794; this followed a 5% decline in 2014 MLS Prices 2016: For Q1 2016, average fell 11.8% to $504,097 compared to same period in 2015. Wood Buffalo Census Agglomeration includes the Fort McMurray and nearby smaller centres Sources: CHBA – Alberta, Canada Mortgage and Housing Corp., Statistics Canada, Canadian Real Estate Association

be realistic about how fast that can happen. Businesses based in Fort McMurray still have no idea whether their buildings and equipment made it through the fire so we have a long way to go before we can answer questions about the next stages.” Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl

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Mid-2016 Housing Review: Benchmark of Major Canadian Markets Intelligence House has compiled a summary of key housing market indicators and drivers for major Canadian markets year-to-date in 2016. In the Calgary and Edmonton regions, home sales and new housing starts are notably down, with prices in the Edmonton region decreasing marginally. The negative performance of both housing markets reflects many expectations put forth at the beginning of 2016, particularly in regards to the strong declines in new housing starts. That is, however, a necessary step to bring supply levels in line

with current demands in order to relieve any downward price pressure that currently exists in these markets.

2016 YTD (April) Resale Housing Sales Growth (%)

2016 YTD (May) Housing Starts Growth (%)

Vancouver Area BC Toronto Area ON Montreal QC Winnipeg MN Regina SK Saskatoon SK Edmonton AB Calgary AB

26.7 12.2 9.9 8.7 2.7 -7.5 -7.9 -10

25.3 14.4 2.9 2.4 1.7 0.7 -1.2 -3.1

52.5 32.5 -6.5 -10 -19 -23 -39.5 -49.5

Toronto Area ON Winnipeg MN Edmonton AB Montreal QC Saskatoon SK Regina SK Vancouver Area BC Calgary AB

5 4.6 4.4 3.4 3 2.4 1 0.6

2016 YTD (April) Labour Force Growth (%)

2016 YTD (April) Employment Growth (%) Vancouver Area BC Toronto Area ON Edmonton AB Winnipeg MN Regina SK Montreal QC Saskatoon SK Calgary AB

Vancouver Area BC Montreal QC Toronto Area ON Winnipeg MN Regina SK Saskatoon SK Calgary AB Edmonton AB

2016 YTD (April) Income Growth (%)

2016 YTD (April) Housing Price Growth (%) Vancouver Area BC Toronto Area ON Regina SK Montreal QC Winnipeg MN Calgary AB Edmonton AB Saskatoon SK

That said, strong labour market performance in the Edmonton region, coupled with impressive growth in its labour force, generally indicates forthcoming demand for housing ownership. Should these trends persist in the region throughout the year, it is reasonable to expect housing starts within the Edmonton region to return toward growing levels faster than in Calgary.

5 3.9 3.7 1.1 0.6 0.5 -0.9 -2.4

Edmonton AB Vancouver Area BC Toronto Area ON Montreal QC Winnipeg MN Calgary AB Regina SK Saskatoon SK

5.3 5.1 3.8 1.4 1.3 0.9 0.8 0.6

Sources & Disclaimer: All of the housing market & income data used in the above analysis was collected from CMHCâ€™s Public Housing Tables, while employment data was collected from Statistics Canada. Growth trends represent YTD measures up to the month indicated. For example, where a chart indicates the month of April, the growth rates presented represent January to April 2016 over January to April 2015 measures.

Intelligence House is Albertaâ€™s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence, which includes full research, marketing and sales / leasing services for the real estate industry. Our Calgary office is now open!

intelligencehouse.ca From left to right: Emmett Hartfield Alex Ruffini Michael Melnychuk

Advice | MONEY MATTERS

Owning versus renting By Gail Vaz-Oxlade

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

THE HOUSING MARKET has gone wild with people panting for good investments opportunities. Slow down and consider all the angles before you dive into homeownership.

There’s something about money Did you see that? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment. While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one. Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you avoid by renting. First and last months’ rent is also a ways smaller than the typical down payment on a home. Of course, when you own, no matter how small the principal portion of your mortgage is (and it’s minuscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money earned is tax free.

While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents. It’s a wonderful life When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. Renting is virtually a worry-free existence — assuming you have a decent landlord. Homeownership is a responsibility that also brings a ton of warm, fuzzy feelings. It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red. Location, location Buying a home in a neighbourhood you don’t know well is one a common mistake. If you’re new in town, consider renting for six months or a year to get a feel for the area. If you like living there, you’ll feel more comfortable buying a home.

Steady as she goes Your employment prospects should be stable before you consider buying a home. Homeownership requires a number of regular payments — mortgage, property taxes, utilities, maintenance and insurance. Missing any of these payments can trigger dire consequences. There are a number of financial factors to consider when it comes to buying versus renting. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an homeowner, and overall I like ownership more.

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/ GailVazOxlade. JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 21

NEW HOME GUIDE - MA

DE - MAP BANNERS - June 17, 2016

›› AIRDRIECOMMUNITIES 3 VETERANS BLVD

05 RAVENSWOOD

DEVELOPER: Qualico BUILDERS: NuVista, McKee Homes, Pacesetter, Broadview

VETERANS BLVD

06 COOPER’S CROSSING

DEVELOPER: Westmark Holdings BUILDERS: McKee Homes, Trico Homes, Vesta Properties, Canterra Custom Homes, Crystal Creek Homes and Harder Homes, Lifestyle Homes

1ST AVE

07 WILLIAMSTOWN 10

DEVELOPER: Vesta Properties BUILDERS: Vesta Properties

EAST LAKE

1 12

08 HILLCREST

Developer: Apex Developments Builders: Excel Homes, Shane Homes,Trico Homes hillcrestairdrie.com

NOSE CREEK

09 SOUTHWINDS

Developer: Mattamy Homes Builders: Mattamy Homes

YANKEE VALLEY BLVD

5 2 NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

01 BAYSIDE ESTATES

6 4

8 13

DEVELOPER: Genesis Land Development Corp. BUILDER: McKee Homes, ReidBuilt Homes www.genesisland.com

02 WINDSONG

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

10 CANALS LANDING

Developer: Genesis Land Development Corp. Builders: ReidBuilt Homes, Mckee Homes, Crystal Creek Homes, Genesis Builders Group, WestView Builders

11 PIER 11

Developer: Genesis Land Development Corp. Builders: Genesis Builder Group pier11airdrie.com

12 MIDTOWN 03 REUNION

DEVELOPER: Hopewell Residential BUILDERS: Sabal Homes, McKee Homes

04 KING’S HEIGHTS

DEVELOPER: Melcor BUILDER: Loreck Homes, McKee Homes, ReidBuilt Homes, Shane Homes, Homes by Avi, Innovations by Jayman www.kingheights.ca

Developer: Wenzel Developments & Apex Developments Builders: Creations by Shane Homes, Shane Homes, Nuovo by Shane Homes, Excel Homes, Trico Homes www.midtowninairdrie.com

13 THE GATES AT HILLCREST

Developer: Mattamy Homes Builders: Mattamy Homes Coming Soon

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 23

Property Profile | CREATIONS BY SHANE HOMES

Creations by Shane Homes A GORGEOUS COLLECTION of urban

street towns offer a stylish alternative for buyers in the new community of Midtown located in the heart of Airdrie. Creations by Shane Homes is crafting this exclusive group of 38 street towns in Madera at Midtown and recently opened three showhomes that epitomize eyecatching modern designs. “We just opened the showhomes mid-May and we’re getting a really great response,” says area manager Satwinder Notay. “People love the designs and that they’re so well appointed, they’re really turnkey in that you just move in and enjoy with no fence to build or landscaping to do. “The Street Towns feel like a single-family home because they are so open, spacious and functional and they offer high standard features such as granite countertops, nine-ft. ceilings on the main floor, along with tile and distressed look 24 YPNEXTHOME.CA

laminate flooring,” she says. “These also present great curb appeal with a maintenance-free front yard landscaping including river rock, a wrought iron fence and a front porch. They also come with a rear patio and grass in the fenced back yard, double detached garage and best of all there are no monthly condo fees.” Quickly becoming the most popular among the seven models available is the 1,360-sq.-ft. Chelsea showhome. “It has the smallest square footage of our street town models, but it’s highly functional in terms of space. People love that it feels cosy, but has a good sized kitchen, dining and living area,” Notay says. “It’s really popular with our buyers.” The Chelsea welcomes you home with a large front entry highlighted by a beautiful marble tile floor. The entry is open to the living room, which is made bright by a large front window

and offers plenty of space to relax with the family or entertain. The living room flows nicely into a spacious central dining room and there’s a niche by the stairs that can hold a hutch, seating or an IT centre. “People love the rear kitchen with its large peninsula counter that can comfortably seat four and is ideal for entertaining,” Notay says. The modern U-shaped kitchen allows for substantial counter space and plenty of storage. White counters and subway tile backsplash contrast nicely with the dark cabinetry, and buyers will love the large window above the double under-mount sink that gives them a view to the back yard. Off the rear entry and adjacent to the kitchen is a convenient half-bath and a mud room. Heading upstairs, buyers adore the large owner’s suite giving them plenty of room to relax and enjoy

PHOTOS: EYMERIC WIDLING PHOTOGRAPHY

Launches Madera street towns in Midtown

PHOTOS: EYMERIC WIDLING PHOTOGRAPHY

“the private balcony,” Notay adds. The inviting ensuite features that same marble tile on the floor and surrounding the oversized walkin shower. A large rack of shelving provides additional storage and separates the ensuite from the walkin closet. The floorplan also features two secondary bedrooms, a full bathroom and a laundry closet upstairs, and a large basement that can be developed into additional living space. A major attraction to Midtown is the community design, which includes a promenade with a pond and pedestrian bridge surrounded by walking paths and park space at the heart of the community giving it a family-friendly feel. “It is a great location, because residents are within walking distance to schools and shopping centres and have quick access to recreation facilities and major routes,” Notay says. In addition to the Chelsea there are two other showhomes available – the 1,434-sq.-ft. Madison and the 1,439-sq.-ft. Monroe. There are also four other models – the 1,509-sq.-ft.

Carlton, the 1,534-sq.-ft. Hudson, the 1,360-sq.-ft. Morgan and the 1,506 sq.-ft. Tribeca. For more information on the Street Towns, visit the sales centre at 142 Midtown Blvd. S.W., Airdrie, and the showhomes at 385, 389 and 393 Midtown Gate S.W., Airdrie, open Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m., call 403.536.2319 or visit shanehomes.com

Location

Midtown, Airdrie Builder

Creations by Shane Homes Home Type

Street towns Sales Centre

142 Midtown Blvd. S.W. Contact

Satwinder Notay 403.536.2319

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 25

Advice | MORTGAGE MOGUL

Passion… pride… purpose By Jason Eldridge FOR YEARS, people wishing to purchase or refinance a home have always gone to the same place… their bank. Is this the best option for everyone? Not necessarily, but it is the one alternative that most people have been aware of, or felt obligated to use... perhaps until now. In the past, mortgage brokers were often called upon in cases where the client(s) did not qualify under traditional criteria, or they needed money quickly, and hence had to borrow from alternate sources. While mortgage brokers still assist clients with bruised credit or other qualifying challenges, the vast majority of our clientele is made up of clients with good job stability, and excellent credit history. So what are the advantages of working with a dedicated mortgage professional? Firstly (and perhaps the biggest reason for most clients), is the interest rate that can obtained. When you go to your bank, more often than not, you will be put into the uncomfortable situation of having to negotiate with your banker for a better rate. When you work with a broker, if you qualify for the best rates (based on your credit history), you automatically get the best rates. No tied selling. No moving all of your other banking and investments to the new lender to get the better rate. And the best part…it doesn’t cost you a thing. There is no charge for our service (when working with a chartered bank or regular financial institution. Even a 0.25-percent reduction in your interest rate, can save you thousands of dollars in unnecessary interest costs. Secondly, you have more lenders and options to choose from. When you go to your own bank, you only have access to their mortgage products. Mortgage brokers have access to over 30 lenders, including many of the chartered banks, so 26 YPNEXTHOME.CA

MORE ADVICE ONLINE ypnexthome.ca/news/advice

we have access to a vast array of mortgage options to suit your particular needs and goals. While there can be subtle differences, something as simple as better prepayment privileges may be a reason for choosing one institution over another. Thirdly, mortgage brokers cater to your schedule, not the other way around. Don’t you enjoy the process of calling your bank and then you are told that they can’t see you for a week or so because they are already “booked up” with appointments? Mortgage brokers will meet with you where and when you prefer, or at the very least offer you the convenience of arranging your financing via phone, fax and email. Generally speaking, you can be pre-approved for mortgage financing the same day you apply. Finally, mortgage specialists are able to offer their clients a more relaxed qualifying process. If you don’t happen to meet all of your banks’ criteria, they will often turn you

away, whereas a broker will continue to source your application to as many lenders as required to find you the financing you require based on your personal situation. If you are looking for a change, and would like to experience the convenience and value of working with a dedicated mortgage professional, please ensure that they have their proper accreditation. As a mortgage specialist working with Axiom Mortgage Solutions, I am governed by the Alberta Mortgage Brokers Association (AMBA), and the Real Estate Council of Alberta (RECA). As always, I welcome any questions or comments you may have regarding the information contained in my articles. Until next month… Jason Eldridge, P.F.P, B. Admin Mortgage Specialist, Axiom Mortgage Solutions (formerly Unisource Mortgage) Cell 403.630.1718, Fax 866.708.5807 Email jason@axiommortgage.ca Web/apply online jason.axiommortgage.ca

549

NEW HOME GUIDE - MA

›› OKOTOKSCOMMUNITIES NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

OKOTOKS AIR RANCH

2A YSTAL SH OR ES RD.

BANN

ISTER CR GATE

ID GE D

NO RT HR

SANDSTONE DR. MOUNTAINVIEW GATE

338 AVE. E.

MILLIGAN DR.

OKOTOKS

549

CRYSTAL RIDGE GOLF CLUB

3 32 ST. E.

WEST

370 AVE. E.

02 CIMARRON

DEVELOPER: Tristar Communities BUILDERS: Trico Homes, Coco Homes, Timbercreek Homes, WestView Builders, Kunz Homes

03 DRAKE LANDING

DE - MAP BANNERS - June 17, 2016 DEVELOPER: United Communities

CIM

RO N TR A I L

32 ST. E.

DEVELOPER: Bordeaux Developments BUILDERS: Baywest Homes, Sterling Homes, Wolverine Custom Homes

CIMA O RR

WESTLAND ST.

01 OKOTOKS AIR RANCH & RANCHERS’ RISE

SOUTHRIDGE DR.

WESTLAND ST.

D R.

CIMARRON BLV D.

DG E

LVD.

04 WESTMOUNT

DEVELOPER: Prominence Development Corp. BUILDERS: Cornerstone Homes, Gramercy Homes, Carpenter Homes

08 MOUNTAINVIEW AT

SANDSTONE DR. & MOUNT BURNS GREEN (NOW OPEN) Apex Developments BUILDERS: Excel Homes, Sterling Homes www.mountainviewokotoks.com

BUILDERS: Lifestyle Homes, Sterling Homes, Prominent Homes

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 29

What’s Online

Trending now The latest real estate news from across Canada MILLENNIAL SENTIMENTS % of future millennial buyers who say coming up with the required down payment is the biggest obstacle to homeownership

% who say “With a lot of help, maybe” (YPNextHome survey)

(CIBC poll)

25% 54%

25%

% of Canadians who say something should be done to help the younger generation enter the housing market (CIBC poll)

% who believe they will be able to buy a home in the next five years (YPNextHome survey)

45%

Quiz: Can you guess the prices of these Canadian homes? TAKE THE QUIZ ONLINE

56%

ypnexthome.ca/quiz-prices

500,000 reasons to teach our kids about real estate now % of millennials who don’t believe they will be able to buy a home in Canada within the next five years (YPNextHome survey)

READ THE STORY ONLINE ypnexthome.ca/500k-reasons

Medical marijuana: Living high in these neighbourhoods READ THE STORY ONLINE ypnexthome.ca/medical-marijuana

House for sale for $1? Don’t fall for it

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Advice | CALGARYISM

4 crucial steps for buying a new construction home By Cody Battershill

MORE ADVICE ONLINE nexthome.yp.ca/news/advice

BUYING A NEW construction home

is somewhat different than buying resale. For starters, since it’s new and there is no previous owner, you don’t have to deal with a seller who may have an emotional tie to the property, which could have its inﬂuence on the price negotiation process. You will only be working with the builder regardless of whether you’re buying a quick possession or building from the ground up. With that in mind, you will definitely want to figure out your budget and get a mortgage preapproval from a lender to determine what price range to begin your search in. Considering additional costs for things such as upgrades, insurance, property taxes, furniture, landscaping and maintenance are also a key part of making sure you’re ready to commit. Once your finances are secure, you’re ready to move onto the first step.

Step #1 Considering the pros & cons Buying a new home is exciting to say the least. From that new home smell to the shiny and untouched interior, there’s a lot to be excited about – including building your assets as a home owner. But before you get all caught up with the idea of living in a new construction home, you’ll want to weigh out some of the pros and cons of doing so. Here are some questions to ask yourself, especially if 34 YPNEXTHOME.CA

you are buying an already built home or are working with the builder on developing a semi-custom one to your liking: » Since new construction homes are found mostly in suburban neighbourhoods, will you be okay with longer commuting times to downtown and other parts of the city? » Is the cookie-cutter nature of the new community development you’re considering okay, or do you want something more unique and in a different location – like an infill, for example? » Are you patient enough to put up with construction in your immediate and surrounding areas (if any) and the noise, traﬃc and mess that comes with it? » Would you be willing to wait for future in-community amenities to be built and don’t mind driving to the nearest shopping centres?

Step #2 Researching communities & builders When buying a new home in a new community, consider working with a real estate agent who is familiar with the neighbourhood, can set up home viewings and help guide you through the closing process. With that in mind, it’s important to remember these two things: 1. The home builders’ sales representative work for the builder and not for you. Having a thirdparty representative buyers’ agent there with you is a good way to look out for your best interests and help you make the most informed decisions. 2. If you do choose to use a real estate agent, remember that they must accompany you on your first visit to any builder oﬃce or showhome; if he/she does not,

» »

they won’t be eligible to receive the commission if you end up buying a home from that particular builder. When researching communities: Look on the internet for new construction home listings Get a feel for the neighbourhood by walking around and talking to any homeowners you see Drive around the neighbourhood and see what amenities there are Visit model homes and take notes on things you like and don’t like. Also take photographs to refresh your memory at any moment Ask the builder about potential homeowners’ association fees and rules (HOA) and see if they fit in with your wants, needs and lifestyle – some can be pretty expensive… and strict! Find out what the zoning laws are in the neighbourhood Visit the city planner’s oﬃce and see what developments (if any) are planned in the area that could increase or decrease desirability and resale potential Also ask your real estate agent about any potential developments and future plans for the area

Step #4 Signing on the dotted line

» When researching builders: » Check out the Better Business Bureau website for any filed complaints against the builder’s company » Ask your real estate agent about the builders reputation within the community » Visit previously constructed homes by the builder if possible and ask the owners if the product is quality and if they would recommend it » Search google and other online databases for any home owner reviews that you can find

Step #3 Find out what’s included and what’s not After finding a builder and neighbourhood, the next step is to find out what is included and what isn’t. Most model homes you see will have upgrade packages on display which are features or items you will have to pay extra for to be included in your home. Ask the builder representative for a feature sheet that describes what comes with the base price of the

home. Then, after reading these details carefully, begin comparing feature to feature inside the model home to determine what is and isn’t standard. If you aren’t sure make sure to ask the builder specific questions and take notes if need be. There really are no dumb questions when browsing new homes – it could very well be one of the largest purchases you’ll ever make! Some important things to consider: » Determine what upgrades you need versus those that you want and go for the ones that you must have first » Examine upgrade options for rooms you will spend the most time in. For example, if you’re a gourmet cook and the showroom model stove doesn’t have enough cook tops, consider buying the upgrade » Try to make any upgrade choices early on in the process as every change will cost you dollars later on » Always ask your buyers’ agent to negotiate upgrades for free or at a reduced price from the home builder – remember, they want your business!

In order to close the deal you obviously must have your mortgage sorted and finances secured. Most industry professionals, like real estate agents and builder representatives, will refer you to a mortgage specialist or other lending institution as a courtesy. It’s never a bad idea to see the different interest rates and types of mortgages available to you when buying a new home. Learn as much as possible about the entire mortgage process by asking questions and reading everything you can about it. That way you’ll be informed and able to make the best decisions for your future. If the legal process of buying a new home makes you uncomfortable, consider hiring an attorney, or if you are using a real estate agent, rely on their expertise to help guide you through it all. Good luck on your new home search in Calgary!

Join Us Want to know more about local activities, events and everything else to do with YYC? If so, we invite you to join us at Calgaryism on Twitter, Facebook and Instagram today – have a great spring and summer! Cody Battershill is the founder of Calgaryism and a top producing realtor at ReMax 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, @Calgaryism on Twitter and calgaryism.ca JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 35

old world traditions. modern living.

Set amid the rolling hills of Calgary’s northwest, Nolan Hill recalls British Isles character of days gone by – right down to the castle-ruin entry features. Yet with abundant park space and nearby shopping, schools and recreation, Nolan Hill offers a modern, family-friendly lifestyle that combines the best of both worlds – old and new. Take Sarcee Trail 1 km north from Stoney Trail and follow the signs. NOLANHILLUNITED.COM

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MONS VALLEY ROAD

›› NORTHEASTCOMMUNITIES 3

COUNTRY HILLS BLVD.

I TR

AIL

68 STREET

80 AVENUE

NAP

MCKNIGHT BLVD.

32 AVENUE

14 STREET

64 AVENUE

68 STREET

CENTRE STREET

64 AVE.

FALCON RIDGE

SHA GAN N

36 STREET

CALGARY INTERNATIONAL AIRPORT NOSE HILL PARK

TR A DD

DE ER F

OO T

COUNTRY HILLS BLVD.

16 AVENUE

NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

01 SADDLESTONE

05 CITYSCAPE

DEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Group www.saddlestonecalgary.com

02 SADDLEBROOK

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

06 SAVANNA IN SADDLE RIDGE

DEVELOPER: Genstar Development Co. BUILDERS: Cardel Homes, Homes by Avi, Excel Homes, Arcuri Homes

DEVELOPER: MLC Land Company BUILDERS: Elite Homes, Pacesetter Homes, Trico Homes

03 CORNERSTONE

DEVELOPER: Walton Development Coming soon www.liveatcornerstone.ca

04 REDSTONE

DEVELOPER: Qualico Communities BUILDERS: Broadview Homes, NuVista Homes, Pacesetter MATCALGARY_Banner – New Home Guide Homes, Innovations by Jayman, Trico Homes, Creations by MATCALGARY_AllSites FC Name: Shane Homes, File Shane Homes (Shane showhome toBCbeBanner_NHG_Mag built in spring) Trim: 6.75” x 1.5” Safety/V.O.: .25” Bleed: NA

mattamyhomes.com

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JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 39

Insight

Do you need a

LANDSCAPE CONSULTATION? By Brad Jackman

WITH THE WARMTH OF SUMMER arriving and the craving

to be outside, do you need a landscape consultation? Hiring a landscape contractor should be exciting and satisfying. However, this can be a very discouraging time for some homeowners. Are you unsure of where to begin? What you want it to look like? Not sure who to contact? Here are a few tips to get you started on your landscape construction project. Have a plan. You can never call a company too early to plan for the following seasonâ€™s 40â€ƒYPNEXTHOME.CA

project. Many landscape companies are limited in the number of jobs they can do in a season. Having a plan and beginning the process early, can allow for your project to be started in your desired time frame. A consultation with a reputable landscaper is the best place to start when planning your outdoor project. Here, you can essentially interview your landscape contractor and become familiar with their ideas, company procedures and overall vibe. Hiring the right professional landscaper

is the most important step of your project. It is beneficial to do your research. Ask to see their portfolio, view their website, and look into some of the products yourself. Most importantly, ask lots of questions. Landscape construction can be done very differently. Hire a company which uses quality equipment, utilizes the best products available and installs everything professionally. It is important to hire someone who has extensive experience in the industry, and is a full service landscape company. Once a professional is selected a conceptual landscape design can be established. This will allow the homeowner to help visualize their yard before construction begins. It is important to understand that quality landscaping requires substantial investments of time and money. Thus, having a budget and planning around that budget will be crucial. One should also consider what kind of space is desired. Must it be safe for children? How much entertaining do you do? Are you a gardening green thumb? Or would you prefer no maintenance at all? These are the types of important questions you should have answered in order to create a landscape concept that works for you. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect. A locally owned and operated Calgary based company, Landscape 360 specializes in residential, estate and acreage landscape construction.

Landscape 360 Professional Landscape Construction 403.452.0360, landscape360.ca Like us on facebook JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 41

Ask An Expert

Q&A

By Heather Ryan

a little maintenance and have a yard where they can entertain.” The interior finishes offer exceptional standard features such as 9-ft. main floor ceilings, distressed finish laminate floors, granite countertops, stainless steel appliances, upgraded tile backsplash, choice of two different cabinet styles, upstairs laundry with fullsized washer and dryer and owner’s suites with ensuites and walk-in closets. are wowed by howRYAN beautiful these homes are,” Gearey ASK“People AN EXPERT: by HEATHER notes, adding that “with the quality of construction and products that last long term, the value is built in and it’s great for resale.” There are several layouts to choose from with open, bright designs and there’s no wasted space. “The basement offers an additional 500 to 600 sq. ft. that can be developed into a media room, extra bedroom and bathroom, recreation room, or even a yoga studio,” she adds. Street towns offer the amenities of a single-family home, but are more affordable with less taxes and lower utility bills. “In this economy people want to get the most for their money and they don’t want to over extend; they’re right-sizing to meet their lifestyle.” If you have any home related questions, you’re invited to contact Shane Homes at info@shanehomes.com.

Q&A

Benefits of buying a Street Town home Q: We’re looking to purchase a new home. Can you tell us the benefits of buying a Street Town? A: “It’s really great when a builder listens to what people want, and Creations by Shane Homes has done this with its Street Towns,” says Deb Gearey, area manager for Urbana street towns in Nolan Hill. “The biggest benefit to these is there are no monthly condo fees, which allows customers freedom from worrying about the uncertainty of rising condo fees or having extra assessment fees. “What’s also amazing about the Street Towns is they come complete with a double detached garage, front and rear landscaping, a patio and a maintenance-free fenced-in back yard so it’s great for people who have pets or young children,” she says. “They also appeal to downsizers and right-sizers who don’t want to maintain a large house and property anymore, but still want to do

›› CALGARYNORTHREGION 01 VISTA CROSSING IN CROSSFIELD DEVELOPER: Dream Development BUILDERS: McKee Homes, Reidbuilt Homes

575 CROSSFIELD

567 AIRDRIE

42 YPNEXTHOME.CA

Inspiration | DESIGN SECRETS 10 TIPS FOR

PAINTING GREAT LOOKING WALLS

AS A NEW-HOME OWNER, you have

two choices: you can either stick with the standard “builder beige” or you can refine your painting skills, put on a pair of coveralls and give it a shot. This is not to say that all new homes are adorned with builder beige, but unless you were able to pick multiple colours in the paint and finishes of your space, chances are your home could probably use a new coat.

I was trained to paint properly way back when I started my design career more than 20 years ago. Some of you may know that I began as a junior designer at Benjamin Moore Paints. I never dreamed that I would learn so much useful knowledge about colour and paint. So before you tackle any painting job, big or small, follow these simple rules for a seamless finish.

…continued on page 44

HUSTLE & BUSTLE

…continued from page 45

1 Buy a metal cage The cage is the metal handle that holds the actual roller or sleeve. The better this is, the longer it will last, it won’t squeak when rolling or rust when washed.

Buy a sleeve with a plastic centre The sleeve is the furry cylinder that you put on the metal cage or handle. If you buy a cheap sleeve with a cardboard interior, it will start to fall apart when it gets wet in the paint. Then it will leave small fluffs on your wall and all your hard work ends up looking poor.

Avoid tiny strokes in a small area

Buy a large paint tray! This is so much easier, as you can pour almost a full can of paint into the tray which means less pouring of paint and hopefully less mess. This also means less stopping of the job to pour paint into the tray.

more paint, which means you go to the tray less often and this will speed up the job. Really soak the roller in the tray so it absorbs the paint.

When applying the paint to the wall – do not roll it in tiny strokes back and forth in one small area. Begin by rolling a large “W” on the wall with the roller and then roll the wall fully from top to bottom. This will lie out the paint better and faster.

Apply the recommended amount of paint

Really coat the roller sleeve When putting paint on the roller, really coat the roller sleeve. It is designed to hold paint! Fluffier roller sleeves hold

Apply the recommended amount of paint to the wall. People often try to stretch their can of paint a little farther by not applying as much

as suggested by the manufacturer. There is no value in this as the paint is meant to be applied to a certain thickness to give you the right colour and durability. Too little paint compromises this!

Don’t brush all the edges first Although it is tempting to cut-in or brush all the edges of the walls before rolling the paint on, you are less likely to get a good finish. It is best to brush a little of the edges then roll into that wet paint, and continue this process down the wall. It takes longer but you will find the coverage of the colour more even.

Always use two coats of paint Yes, you usually need two coats of paint to develop the colour well or

TRAFFIC JAMS 574

“When applying the paint to the wall – do not roll it in tiny strokes back and forth in one small area. Begin by rolling a large “W” on the wall with the roller and then roll the wall fully from top to bottom.“

Store your paint cans upside down Paint does not “go bad” as long as it’s not kept in extremely cold conditions. Seal the lid very well (Place the lid on the can, cover with paper, and hammer the lid in place, remove paper) and turn the can upside down in a cool dry area for storage. When the can is turned right side up again, it mixes before you dip your brush in.

Buy a good paintbrush Buy one good paintbrush. Cost can be an issue, but a good brush means you will only buy it once if you clean it after you have done the job. A good brush has “flagged” ends and is angled. Flagged ends look like the bristles are uneven and with split ends. This lays out the paint in a much smoother fashion. And once you do clean your brush, use the hole in its handle to hang it up to dry. Never leave a paintbrush sitting in a pot! I use a wire coat hanger turned upside down to dry my brush. (Hook the brush’s handle on the “J” shaped end of the hanger and hook the triangular part of the hanger over a doorknob.)

Bonus tip Can’t ﬁnd an opener for your paint can? A screwdriver or keys will work, but if you are Canadian the best thing ever is a loonie or toonie to open the lid of a paint can! It’s always available and super strong for this type of job. Thanks Canadian Mint for the convenient opener! Even if you are not the best painter and not using the best paint, great tools will make the job easier, faster and it will look better! If you follow these simple rules, your newly built house or condo will turn into your home in no time.

Jane Lockhart is founder and principal designer of Jane Lockhart Interior Design. She was creative director and host of W Network’s top-ranked show, Colour Conﬁdential, and has a Canadian-built furniture collection, Jane by Jane Lockhart, by Statum Designs. Visit online at janelockhart.com

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to ensure you don’t miss any spots. There are some brands of paint that suggest you only need one coat, but I have found this to work only with a light colour over another light colour, and when I take my time applying the paint.

COCHRANE

22X PRIDDIS

TURNER VALLEY

Come and experience a community where the term community actually means something. Boulder Creek Estates in Langdon by Harmony Park believes in the tradition of neighbours living life in harmony together. Come and experience life outside city limits, where you can find west-facing golf course lots ranging from 50â€™ to 72â€™ wide. For more information visit bouldercreekestates.com To Strathmore

To Calgary Langdon

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Glenmore Trail / Township Rd 560

Boulder Creek Dr

HOMES

›› CALGARYREGIONEAST NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

STRATHMORE 1

CALGARY

CHESTERMERE 797 LANGDON

22X

DDIS

VALLEY

HERITAGE POINTE

BLACK DIAMOND

OKOTOKS

CHESTERMERE 543 RAINBOW FALLS 22 DEVELOPER: Truman Developments HIGH RIVER BUILDER: Jager Homes, Lionsworthe Homes, Douglas Homes, ReidBuilt Homes

WESTMERE

DEVELOPER: Melcor BUILDERS: Lifestyle Homes, ReidBuilt Homes

SHORES ON WESTMERE

DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

KINNIBURGH

DEVELOPER: Pollyco Developments BUILDERS: Stepper Custom Homes, Canterra custom homes, Sterling Homes, Lifestyle Homes, Douglas Homes, Westridge Fine Homes, Broadview Homes, ReidBuilt Homes, Sunstar Homes, Jager Homes

2A 04 BUFFALO HILLS (coming soon)

BUILDERS: Prominent Homes Douglas Homes, Klair Custom Homes Prominent Homes, Mapeland Homes

LAKEPOINTE

DEVELOPER: Mattamy Homes BUILDER: Mattamy Homes Sales centre 400 Westpark Dr.

LANGDON BOULDER CREEK ESTATES

DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Broadview Homes

HANSON PARK

DEVELOPER: Hanson Park Developments BUILDERS: Canaco Homes Ltd, Ovation Homes Ltd, Douglas Homes

STRATHMORE THE RANCH IN STRATHMORE DEVELOPER: United BUILDERS: Jager Homes and WestView Builders

WILDFLOWER RANCH IN STRATHMORE

DEVELOPER: Cancorp Property Group Inc. BUILDERS: Carpenter Homes, Paradyme Homes, Aquilla Homes and Canterra Custom Homes

EDGEFIELD IN STRATHMORE

DEVELOPER: Pollyco BUILDERS: ReidBuilt Homes, Ovation Homes, WestView Builders, Aquilla Homes www.edgefieldstrathmore.com

LYALTA 03 THE LAKES OF MUIRFIELD

BUILDERS: Douglas Homes, Today’s Homes, Ribero Homes and Compass Rose Homes

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JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 47

Neighbourhood Profile

Lake Bonavista Established and desirable By Kait Kucy

Fast facts Average household income

$215,055

AN OLDER COMMUNITY full of lush, mature trees and a private lake for residents, Lake Bonavista is a desirable community for many people. Bordered by Fish Creek Park and close to so many large amenities such as Southcentre Mall and MacLeod Trail, it is only a hop, skip and jump to anywhere you’d like to go.

Family structure

FAMILIES

COUPLES

SINGLES

41%

38%

21%

Own vs. rent

90% OWNERS

MORE PHOTOS ONLINE ypnexthome.ca/lake-bonavista

10%

Lake Bonavista’s laidback lifestyle is apparent through its residents, many of whom are long-term. Generations have grown up here, making it a great place to lay down some roots. With the lake as a major focal point, families flock to swim and boat in the summer, and skate and ice-fish in winter. You’ll also be able to take part in movies in the park, Stampede breakfasts and block parties. Vibe Lake Bonavista is quiet and familyfilled, home to many long-time home owners and multiple generations. The lifestyle is active, with joggers and dog-walkers throughout the community. There’s always a soccer game in the parks, and the arenas are packed during winter with skating lessons and hockey games. Meet the neighbours There is something for everyone in Lake Bonavista, with a great diversity

of families, young professionals just starting out as well singles and senior citizens. It’s busy with children, with plenty of schools and playgrounds and recreational opportunities. Pets are prevalent thanks to lush greenspaces and parks. In the area Lake Bonavista is an average to luxury neighbourhood. Many of the homes can be considered luxury and high-priced. However, most of the restaurants and cafes are priced fairly. Planes, trains & automobiles Plenty of residents cycle and walk around the neighbourhood, but cars seem to be necessary. While there is the nearby Canyon Meadows Train Station and two local buses, they aren’t as convenient as inner-city transit routes. The good, the bad & the rest Lake Bonavista is centrally located in

RENTERS Most common housing type

Detached

SOURCE: ENVIRONICS

SouthEast Calgary with easy access to all of the amenities and health care centres that residents require. The neighbourhood houses several medical clinics and is a 10-minute drive to an Urgent Care centre. Real estate While Lake Bonavista is considered a suburban neighbourhood, many people point out it is only a 20-minute drive into downtown, making it much more accessible than the South end’s newer suburban developments. This neighbourhood can be very quiet which is good or bad depending on your lifestyle preference. Overall, it’s well-rounded with plenty to do and see.

Kait Kucy is a lifestyle and travel writer and blogger for online and print publications in Canada and the U.S.

48 YPNEXTHOME.CA

4 BAN

COACH ROAD

01 MYSTIC RIDGE

DEVELOPER: La Vita Land BUILDERS: Calbridge Homes www.mysticcalbridge.com

16 AVENUE

02 CURRIE BARRACKS

7 BOW TRAIL

ORI

11 10

2 ELBOW DRIVE

DEVELOPER: Legend Developments

04 CRESTMONT

DEVELOPER: Qualico Communities BUILDERS: Augusta Fine Homes, NuVista Homes

BLACK FOOT TRAIL

BUILDERS: Crystal Creek Homes, Empire Custom Homes, Avi Urban, Calbridge Homes, Core Properties, Jayman Modus, Slokker Canada West

03 SPRING VALLEY

17 AVENUE

37 STREET

17 AVENUE

SARCEE TRAIL

14 AVENUE SW

MEM

69 STREET

06 DRESSAGE IN SILVERADO

DEVELOPER: Qualico Communities BUILDERS: Baywest Homes, Augusta Homes

07 WESTLAND ESTATES

BUILDERS: Baywest Homes, WestView Builders www.westlandestates.ca

SOUTHLAND DRIVE

08 WEST GROVE ESTATES

DEVELOPER: Truman BUILDERS: Prominent Homes, Crystal Creek Homes, Lupi Luxury Homes, Augusta Fine Homes, West Grove Estates, Shane Homes, Truman Homes

ANDERSON ROAD

BOTTOM TR

FISH CREEK PARK

JAMES

DEVELOPER: Cardel Homes BUILDERS: Cardel Homes www.cardelhomes.com DEVELOPER: Truman BUILDERS: Sane Homes and Truman Homes

SHAWNESSY BLVD.

11 ASPEN WOODS ESTATES

DEVELOPER: Springbank Land Company Ltd. BUILDERS: WestView Builders, Truman Homes, Crystal Creek Homes, and Homes by Us.

TRA

SHERIFF KING STREET

CLE

37 STRE

162 AVENUE

09 SHAWNEE PARK

10 WEST GROVE POINT

MCKEVITT

FISH CREEK BLVD

S PRUCE MEADOWS HWAY

NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

MACLEOAD TRAIL

GLENMORE RESERVOIR

24 STREET

85 STREET

OLD

14 STREET

CENTRE STR

›› SOUTHWESTCOMMUNITIES

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 49

Trending

10 top malls in Canada – and 1 reason to buy near them By Wayne Karl

MORE TRENDING ONLINE ypnexthome.ca/news

BC AND ONTARIO aren’t just superstars in residential property, they rock in the commercial real estate world as well – home to the 10 top malls in Canada. It’s well documented that these two provinces are home to Canada’s most expensive and most active housing markets. Now, a new study from commercial real estate services firm Avison Young shows they are also the top performers in retail sales. What’s the correlation? We’ll get to that in a minute. The study shows that BC and Vancouver were the leading province and city for retail sales growth in 2015, at 6.6 per cent and 9.9 per cent, respectively, followed by Ontario at 4.5 per cent and Toronto at 5.4 per cent. Toronto’s Yorkdale Shopping Centre was Canada’s most productive mall, with retail sales of $1,610 per square foot, displacing Vancouver’s Pacific 50 YPNEXTHOME.CA

“Despite economic headwinds, retailer failures, digital disruption and the purchasing habits of a new generation, Canada’s evolving retail property sector and its top malls are doing just fine” Centre, which topped the list in 2014. Five of the 10 top-performing malls are in Ontario, and four of those are located in the Greater Toronto Area. “Despite economic headwinds, retailer failures, digital disruption and the purchasing habits of a new generation, Canada’s evolving retail property sector and its top

malls are doing just fine,” says Bill Argeropoulos, principal and practice leader, research, Canada, for Avison Young. “While hundreds of millions of dollars have been invested to renovate, expand or upgrade some of the country’s prominent malls to attract new retailers and combat e-commerce, the retail sector continues to attract new entrants and significant investor interest as well.” So, what does all this mean for residential real estate? Not to oversimplify Economics 101, but solid population and wage growth are among the key contributors to both healthy retail and real estate sectors. And with BC and Ontario economies and housing markets leading in this regard, it’s no surprise that residents in these areas are brimming in the consumer confidence department. So, those markets that are seeing

TOP 10 SHOPPING MALLS*

Top 10 Retail Malls in Canada By sales per square foot

And how much it will cost you to buy a home nearby = average home price

Vancouver (including Burnaby)

Yorkdale Shopping Centre, Toronto $1,610

Pacific Centre, Vancouver $1,599

Oakridge Centre, Vancouver $1,537

Eaton Centre, Toronto $1,509

Southgate Centre, Edmonton $1,215

Chinook Centre, Calgary $1,119

Royal Bank Plaza, Toronto $1,096

Rideau Centre, Ottawa $1,018

Metropolis at Metrotown, Burnaby, BC $1,008

Square One, Mississauga, Ont. $994

Edmonton

2015: $369,536

2015: $902,801 2014: $812, 653

2014: $362,657

5 Toronto

2 9 3

2015: $622,046 2014: $566,491

Calgary

2015: $453,814 2014: $460,584

*By retail sales per square foot

Mississauga Ont.

2015: $546,296 2014: $506,579

Ottawa

8 1 4 7 10

2015: $369,477 2014: $363,161

DATA FOR AVERAGE HOME PRICES PROVIDED BY CANADIAN REAL ESTATE ASSOCIATION

the largest retail sales growth, are also those that are experiencing strong average home price growth. On the flip side, not surprisingly, oil-dependent provinces such as Alberta and Saskatchewan, which Argeropoulos says have the weakest outlook for retail sales, are also among the areas where home price growth is weakest. When the likes of Saks Fifth Avenue and Nordstrom set up shop, or when a retailer such as Yorkdale Shopping

Centre undergoes a major expansion, it’s usually a sign of good times, and that an area is on the upswing. Like proximity to mass transit, schools and other amenities, being close to shopping is a major attraction for homebuyers. These features are among the keys to enjoying your home while you live there, as well as for potential resale value in the future. Large retailers and commercial ventures don’t just pop up in the middle of nowhere or in declining

neighbourhoods. These companies make careful, long-range and well planned-out decisions in lockstep with municipalities and developers, based on hard data, research and demographic information. This is why major retail expansion is good news: it’s an indicator the economy continues to strengthen; and, for those looking to buy a home, it’s a sign to look out for new or expanding neighbourhoods and solid buying opportunities. JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 51

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›› CALGARYREGIONSOUTH 1A

NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

COCHRANE

STRATHMORE

CALGARY

CHESTERMERE 797 LANGDON

22X

PRIDDIS

TURNER VALLEY

HERITAGE POINTE

BLACK DIAMOND

OKOTOKS 2A

543 22

HIGH RIVER

BLACK DIAMOND

HIGHWOOD LAKE

RIVERWOOD ESTATES

DEVELOPER: WestView Builders BUILDER: WestView Builders

DEVELOPER: Riverwood Estates Inc. BUILDERS: Woodmaster Homes Ltd.

HAMPTON HILLS

BUILDERS: WestView Builders

MONTROSE

DEVELOPER: Dream Development BUILDER: Lifestyle Homes, Red Door Homes

PRIDDIS

HERITAGE POINTE ARTESIA AT HERITAGE POINTE

DEVELOPER: Heritage Pointe Properties Inc. BUILDERS: Astoria Custom Homes, Albi Homes, Calbridge Homes www.liveatartesia.com

HAWKS LANDING

DEVELOPER: Hopewell Residential Communities BUILDERS: Prominent Homes, Baywood Estate Homes, Trickle Creek Custom Homes, Wolf Custom Homes, Thompson Luxury Homes, Bradmar Homes, Baywest Homes www.hawkslanding.ca

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ray JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 53

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Trending

Canada’s most millennial friendly housing markets By Wayne Karl

MILLENNIALS, PLEASE ADJUST your homebuying aspirations. Your targets are a little off, so we’ve assembled Canada’s most millennial friendly housing markets to help you. Many of you – those 18 to 34, the generally accepted age range for millennials – seem to be aware of what’s going on in Canadian real estate. Others, though… According to the 2016 Bank of Montreal Millennial Home Buyer Report, 76 per cent of Canadian millennials who currently rent, expect to buy a home within the next five years. But affordability is cited as a major concern.

Affordability challenges Our first clue comes with what they expect to pay – an average of $350,000 on their first home (but more on this later). Wisely, two thirds anticipate they will need help – with $35,000 of that amount coming from family. The average expected down payment is 15 per cent, or about $53,000. (Reality check: while saving for as large a down payment as possible is wise, we wonder if aiming so high is realistic for these first-timers.) As a general guideline, buyers can assume the mortgage you can qualify for in today’s market is about five times your income. “So, if you’re looking to qualify for a $400,000 mortgage, the basic income requirement would be $80,000,” says James Laird, president of CanWise Financial, in-house mortgage brokerage for mortgage comparison website RateHub. “It’s important to note that it’s a mortgage qualification, not the home price. If you have a reasonable down payment saved, this contributes to increased affordability.” According to RateHub’s calculator, “affordability” is based on the household income of the applicants purchasing the house, the personal monthly expenses of those applicants (such as car payments and credit expenses), and the expenses associated with owning a home (property taxes, condo fees and heating costs). The issue of millennials needing help in buying their first home also surfaced in two other recent reports. RBC Economics’ latest Home Ownership Poll indicates 24 per cent of millennial respondents say they are more likely to consider purchasing a home with a family member. Another new poll, from ReMax Canada, says 37 per cent of millennials expect help with their down payment from a family member or friend. “For many millennials, homeownership is a natural part of their journey and we’re seeing the next generation 56 YPNEXTHOME.CA

eager to get into the market, even if that means exploring alternate options like buying with family or a friend,” says Erica Nielsen, vice-president, Home Equity Finance, RBC. Expected purchase prices vs actual prices The problem with millennials’ homebuying target purchase prices from the BMO survey comes when you compare them to actual prices. Their national average target price of $350,000, for example, is well below the Canadian average home price of $512,621, as of the first quarter of this year, according to the latest Royal LePage House Price Survey. That $350,000 expected purchase price, in fact, barely exceeds the national average price for the most affordable housing type – condos – which is $344,491. Also surprisingly, 51 per cent of BMO respondents say the type of property they hope to purchase is a detached home. (Reality check: have you checked the prices of those in your market lately?) But rest assured, prospective millennial homebuyers, there is hope. Millennial friendly housing markets We’ve assembled the most millennial friendly markets across the country – what housing types you can buy in what markets, at less than the expected average price from the BMO survey. In the following tables, we’ve laid out, province by province, what millennials expect to pay for their first home and their expected average down payment, based on the BMO survey. We’ve also projected the monthly mortgage payment on a five-year fixed rate at 2.59 mortgage on a 25-year amortization. We then list the available housing types in major markets in each province that are priced at less than the expected average price – based on actual average home prices as of the first quarter of 2016, from Royal LePage. As you can see, in many markets, millennials may have to adjust their desired housing types and purchase prices, given what’s available in certain areas. Still, there are some very millennial friendly housing markets. ONTARIO home price expectations, BMO report Average expected home price $415,110 Average down payment: 15.97% ($66,293) Monthly payment: $1,579.09

Laval

$229,758

Montreal Northshore

$211,326

Montreal Southshore

$ 213,732

Quebec City

$219,377

Sherbrooke Trois Rivieres

$215,712 $188,484

$166,222

Richmond Brampton Hill Mississauga

$323,109 $248,827 $283,556

Scarborough Hamilton Catharines Niagara-St.

$312,073

$351,520 $258,375

$264,486 $243,399

Toronto Kingston Oakville

$334,066

$298,442

$402,303 $307,276 $326,819

Vaughan Kitchener-Waterloo-Cambridge Oshawa

$380,789 $410,461

$318,984 $345,380

$359,303 $223,606 $192,789

Whitby London Ottawa

$335,302 $420,541

$236,497 $381,875

$279,367 $196,000 $316,499

Windsor Markham Pickering

$157,656

$179,249

$136,150 $343,393 $298,445

Milton Richmond Hill

LEGEND:

= Higher than average expected home price

Market

Two-storey

Ajax Brampton Hamilton

Scarborough

= Property type not available in the market

Bungalow

Condo $280,450

Oshawa Whitby Winnipeg

$248,827

Ottawa Windsor Saskatoon

$351,520

$243,399

$334,066

$298,442

$307,276

Kitchener-Waterloo-Cambridge

$380,789

$318,984

$223,606

London

$335,302

$236,497

$196,000 $343,393

Milton

$324,629

Mississauga

$283,556

Niagara-St. Catharines

$312,073

$258,375

Oshawa

$410,461

$345,380

Ottawa

$420,541

$381,875

Oakville

Higher than average expected home price Niagara-St.=Catharines $312,073 Toronto

LEGEND:

Oakville Vaughan Market

Kingston

Markham

$192,789 $316,499

LEGEND:

LEGEND: LEGEND:

$264,486

Red Deer Burnaby

$402,303

Vaughan

$359,303

Whitby

$279,367 $136,150

= Property type not available in the market

Reality check: get used Actual average homeOntario prices as ofmillennials Q1 2016, Royal–LePage

to the idea of Market Two-storey Bungalow Condo aLEGEND: condo=being first home home. Higher thanyour average expected price = Property type not available in the market QUEBEC home price expectations, BMO report Winnipeg Fredericton, NB $237,572 $209,988 Average expected home price $234,735 SaskatoonNB Moncton, $220,770 $191,982 Average down payment: 12.82% ($30,093) Saint John, NB $248,955 $180,549 Monthly payment: $927.54

Condo $206,571 $226,186

Winnipeg

Two-storey

Bungalow

Condo

Market Calgary

Two-storey

Bungalow

Condo 307,864

Gatineau Edmonton

$225,262 $361,007

$239,996

Laval Red Deer

$327,632

$229,758 $217,779 $211,326

Montreal Southshore

$ 213,732

Quebec City

$219,377

Sherbrooke

= Higher than average expected home price

Trois Rivieres Market

$215,712

= Property type not available in the market

$188,484

$166,222

Two-storey

Bungalow

Burnaby

Actual average homeFor prices as of Q1 2016, Royal LePage Reality check: those hoping to buy in

Two-storey

= Higher than average expected home price

Bungalow

Condo $415,243

Condo Condo

= Property type not available in the market 307,864

Two-storey

$206,571

$361,007 Bungalow $327,632

$472,519

$239,996 $226,186 Condo $217,779 $415,243

$306,042 $219,629

North Vancouver

$420,638

Actual average home prices as of Q1 2016, Royal LePage = Higher than average expected home price

= Property type not available in the market

Richmond

Market

LEGEND:

= Property type not available in the market = Property type not available in the market

Langley

Burnaby Victoria

Actual average home prices as of Q1 2016, Royal LePage

= Higher than average expected home price = Higher than average expected home price

Kelowna Monthly payment: $1,818.89

LEGEND:

= Property type not available in the market

$217,779

= Higher than average expected home price = Property type not available in the market North Vancouver $420,638 Calgary 307,864 Richmond $422,862 Market Two-storey Bungalow Condo BRITISH report Edmonton COLUMBIA home price expectations, $361,007 BMO $239,996 Surrey $240,040 Burnaby $415,243 Average Red Deer expected home price: $478,113 $327,632 $217,779 Victoria $396,392 Coquitlam down payment: 15.85% ($75,780) $337,700 Average

Actual average home prices as of Q1 2016, Royal= LePage = Higher than average expected home price Property type not available in the market LEGEND:

Montreal Northshore

$327,632

$402,303 Condo $359,303 Condo $206,571 $279,367 307,864 $226,186 $136,150 $239,996

LEGEND:

Market Surrey

= Higher than average expected home price

$264,486 = Property type not available in the market = Property type not available in the market

Coquitlam $337,700 Actual average homeBuyers prices as in of Q1 2016, Royal Reality check: Calgary andLePage Edmonton, Kelowna = Higher than average expected home price $472,519 $306,042 = Property type not available in the market LEGEND: investigate home prices in your city, as there may Actual average home prices as of Q1 2016, Royal LePage Langley $219,629 be deals to be had given the recent downturn. Market Two-storey Bungalow Condo

Actual average home prices as of Q1 2016, Royal LePage

LEGEND:

$316,499 $136,150 $226,186

= Higher than average expected home price

Market

Toronto

$188,899

$381,875 $179,249

Actual average home prices as of Q1 2016, Royal LePage Market Two-storey Bungalow

Scarborough

Bungalow $245,672

$192,789 $279,367 $206,571

$420,541 $157,656

Actual Actual average average home home prices prices as as of of Q1 Q1 2016, 2016, Royal Royal LePage LePage

Edmonton Saskatoon Market

$252,092

$326,819 $359,303 Condo

$345,380

Monthly payment: 1,502.17

$323,109

Two-storey

Bungalow

$410,461

Toronto ALBERTA home price expectations, report Market Two-storey BMO Bungalow Vaughan Market Two-storey Bungalow Winnipeg expected home price: $386,480 Average Whitby Calgary Saskatoon down payment: 15.2% ($58,744) Average Windsor $157,656 $179,249 Edmonton $361,007

Richmond Hill

Market Halifax

Two-storey

Scarborough = Higher than average expected home price LEGEND:

LEGEND: Calgary

Charlottetown, PEI

$402,303

$298,445 Reality check: Condos in Regina are just slightly higher Richmond Hill home prices as of Q1 2016, Royal LePage $323,109 Actual average than average the average expected home price, at $275,138. Actual home prices as of Q1 2016, Royal LePage

$298,445

= Higher than average expected home price

$258,375

Pickering

LEGEND:

$283,556 $264,486

= Property type not available in the market

Red Deer

$326,819

Windsor $157,656 Actual average home prices as of Q1 2016, Royal LePage$179,249

$324,629 $323,109

Actual average home prices as of Q1 2016, Royal LePage Mississauga

Actual average home prices as of Q1 2016, Royal LePage

$422,862 Two-storey

Bungalow

$415,243 $396,392

Coquitlam Kelowna

Condo $240,040

$337,700 $472,519

$306,042

Langley

$219,629

North Vancouver

$420,638

Richmond

$422,862

Surrey

$240,040

Victoria

$396,392

Reality check: Sorry, Vancouver millennials. There’s nothing in your average expected home price available in the city. And in West Van? LOL.

Montreal, you Coquitlam $337,700 = Higher than average expected home price = Property type not available in the market LEGEND: might want to budget a little higher, since all housing$306,042 types Kelowna $472,519 inLangley Montreal Centre, East and West are above the average Market Two-storey Bungalow Condo $219,629 expected home price. Ajax Vancouver $280,450 North $420,638 Brampton Richmond

$248,827 $422,862

PRAIRIES home price expectations, BMO report Hamilton $351,520 Surrey Average $264,388$298,442 Kingston expected home price: $334,066 Victoria Kitchener-Waterloo-Cambridge $380,789($54,358) $318,984 Average down payment: 20.56% London $236,497 Monthly payment: $950.17 $335,302 Markham

$243,399 $240,040 $307,276 $396,392 $223,606 $196,000 $343,393

Milton

$324,629

Mississauga

$283,556

Niagara-St. Catharines

Sources: Bank of Montreal Millennial Home Buyer Report, April 2016; monthly payments calculated using 25-year amortization, five-year fixed rate at 2.59, via BMO mortgage calculator; Royal LePage House Price Survey, Q1 2016

$312,073

$258,375

Oshawa

$410,461

$345,380

$192,789

Ottawa

$420,541

$381,875

$316,499

Oakville

$326,819

Pickering

$298,445

Richmond Hill

$323,109

JUN 17 - JUL 15, 2016 | NEW HOME GUIDE 57

Buyers’ Resources | MORTGAGE RATES

Compare mortgage rates for your best deal CHARTERED BANKS

variable

6 months

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.6000

4.0000

2.9400

2.6400

2.4900

2.6400

2.6900

Alterna Bank

2.3500

4.0000

2.8500

2.0900

2.5900

2.7400

2.5800

Alterna Savings

2.3500

4.0000

2.8500

2.0900

2.5900

2.7400

2.5800

Bank of Montreal

2.7000

4.0000

2.8900

2.9900

3.3900

3.8900

4.7400

Bank of Nova Scotia

2.7000

4.5500

3.2900

3.0900

3.3900

3.8900

4.4900

CIBC Mortgages

2.7000

3.1400

2.8400

2.7900

3.3900

4.0900

4.7900

Caisses Desjardins

2.7000

4.4000

3.1400

3.2400

3.3900

3.8900

4.7400

Canadian Western Bank

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Canadian Western Trust

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Comtech Credit Union

6.2000

2.8400

2.8900

2.9500

2.9900

2.8900

DUCA Financial Services

2.5000

3.0900

3.0000

2.9900

3.0900

2.5400

Effort Trust

4.4500

3.3500

3.5000

3.7000

4.3000

4.3500

Equitable Bank

3.1400

3.0400

3.6500

4.3900

4.6400

First Calgary Financial

4.0000

2.8900

2.5900

2.7900

2.6900

First National Financial

2.3500

3.0000

2.2900

2.2400

2.3900

2.4900

2.5900

FirstOntario Credit Un.

2.5000

4.2400

2.6900

2.2900

2.3400

2.5400

2.5900

HSBC Bank Canada

2.8000

4.4500

3.1400

3.5400

4.2400

4.7400

Home Trust Company

2.5000

3.9500

2.6900

2.1400

2.3400

2.5900

ICICI Bank Canada

3.0500

2.8400

2.8900

Investors Group Trust

2.7000

4.2000

3.1400

3.0900

3.3900

3.8900

4.7400

Laurentian Bank Canada

2.7000

4.4000

2.8900

2.8400

3.3900

3.8900

4.7400

League Svgs & Mortgage

4.4500

2.9900

2.5900

2.6900

2.8900

2.6900 2.6900

Libro Credit Union

3.7500

2.6000

2.6500

2.6900

London Life

2.7000

4.2000

3.1400

3.0900

3.3900

3.8900

4.7400

Luminus Financial

3.2500

3.2000

3.6500

4.0000

4.5000

Manulife Bank

2.6000

4.4500

3.0000

2.9400

2.8400

2.7900

2.8900

Manulife Trust

4.4500

3.0000

2.9400

2.8400

2.7900

2.8900

Meridian Credit Union

2.4000

4.0000

2.8400

2.7900

2.6400

3.8900

2.4900

National Bank

2.7000

4.4000

3.1400

3.0400

3.3900

3.8900

4.7400

PACE Savings & Credit Un

5.0000

2.9900

2.6900

3.4900

3.9900

4.6400

Parama Credit Union

2.6500

2.8000

2.8500

2.9500

3.0500

3.1500

Peace Hills Trust

4.5000

3.1500

3.5000

3.7500

3.8500

3.9500

President's Choice Fin'l

2.7000

6.1900

3.1400

2.7900

3.3400

3.9900

4.4400

Rapport Credit Union

2.8500

6.0000

3.0900

3.0400

3.5000

3.0400

2.9900

Royal Bank of Canada

2.7000

3.1400

3.0400

3.6500

4.3900

4.6400

Steinbach Credit Union

2.4500

2.5500

2.6500

T-D Mortgage

2.7000

3.1400

2.9900

2.8400

3.3900

3.8900

4.6400

Tangerine

2.7000

3.1900

3.2400

3.4900

3.6900

3.7900

WFCU Credit Union

4.4500

3.0000

3.0500

3.1000

Your Neighbourhood C.U.

2.7990

2.8900

3.0900

3.1500

2.6900

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator PREPARED BY CANNEX ON JUNE 9, 2016 This information is current as of the date and time posted and is subject to change without notice. © Copyright 2016 CANNEX Financial Exchanges Limited. All rights reserved.

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DESIGN IS A PERSONAL MATTER WHEN IT COMES TO PERSONAL EXPRESSION, you’ll find all Mattamy homes are available in a choice of exterior styles, from Craftsman, Contemporary, Colonial, to Prairie, in a rich range of colours. This is, in fact, why you’ll find Mattamy neighbourhoods look so distinctive and personal. To further accommodate individual preferences, we’re pleased to also offer a series of options we call Architect’s Choice and Designer’s Choice. These allow you to tailor your home to suit your own home-design tastes. We’re delighted to offer Calgary the best of what we’ve learned from building over 70,000 homes – in hundreds of communities – that people love to live in.

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