Apr 24 - May 22, 2015 Volume 23 Issue 05
Starting as low as
$300K EdgewaterCondos.ca
INSIDE THIS ISSUE
EDMONTON HOME SALES DOWN, PRICES UP
MORTGAGE COSTS ON THE RISE FOR SOME CANADIANS
HOW TO SOLVE THE “STUFF” PROBLEM
MORE CHOICE MORE FREEDOM
MORE TIME The Name In Active Adult Living With over 30 years of experience creating award winning multi-family urban villages for adults and seniors, Christenson Developments has been providing Edmonton and surrounding area with more than just a home.
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VIP at Californian Parkland truly lives up to its name. With luxury specifications at an affordable price, you’ll smile every time you walk through the door.
NEW SHOWSUITES TO PREVIEW
• Granite countertops throughout • Stainless steel kitchen appliances • Choice of three birch kitchen cabinets • Ceramic tile in kitchen & bathrooms • Electric fireplace with mantle • In-floor heating • Heated underground parking • Convenient guest suite, social lounge & fitness studio
VISIT OUR SALES CENTRE Mon-Thur: 1-7pm | Sat, Sun & Holidays: 1-5pm | Closed Fridays Showhome: 780.930.1518 Cell: 780.445.4248
vipliving.ca Building Luxury Lifestyle Communities in the Edmonton area since 1980. abbeylanehomes.com
Suite 200, 10568 109 Street NW Edmonton AB T5H 3B2 780.425.2884
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Building Luxury Lifestyle Communities in the Edmonton area since 1980. abbeylanehomes.com
Suite 200, 10568 109 Street NW Edmonton AB T5H 3B2 780.425.2884
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NESTLED IN THE HEART OF SHERWOOD PARK • Spacious layouts from 676 to 1014 sqft • Granite countertops throughout • Spacious food prep island with eating bar • Stained maple cabinets with brushed nickel hardware • Porcelain tile in kitchen, entrance, baths & laundry • Fitness room with select equipment
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Granite Counters Throughout Stainless Steel Kitchen Appliances Porcelain Tile Floors In Kitchen/Laundry Room Laminate Floors In Living/Dining Room, Bedrooms, Foyer In-Floor Heating With Temperature Control Heated Underground Parking With Car Wash Bay
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Rabbit Hill Rd
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Edgewater Village on Jasper
REGENCY DEVELOPMENTS: Edmonton’s Premiere Condominium Destinations!
SINCE 2008 REGENCY DEVELOPMENTS has established itself as a leader in the condominium market within Edmonton. With the success of four beautiful condo projects that are now sold out throughout our city, Regency is continuing to share their vision by offering projects that have “an energetic and positive influence on Edmonton’s neighbourhoods”. Four expertly designed developments are currently underway for home buyers to explore: Edgewater Village on Jasper, 121 West at Highstreet District, LINK Condos at Ellerslie and Pearl Tower – an outstanding lineup that is sure to meet the needs of a wide range of clientele! With over 20 years of experience in the real estate and development industry, all Regency Developments showcase key qualities that separate them from most in the market. Coveted features such as desirable locations, exceptional quality, and strategic design both inside and out, lead to first-rate condominiums that are a hot commodity! Combining a sought-after downtown location with the charming qualities of a community-orientated lifestyle makes Edgewater Village on Jasper a unique destination. Located on the edge of Edmonton’s downtown and River Valley, 8 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
Edgewater on Jasper provides high and low-rise condo options and a variety of floorplans. Boasting a large central courtyard, both artistically designed and beautiful landscaped, this development encourages the friendly and neighbourly environment that is presented in this established community setting. Spaciously designed floor plans featuring today’s highly demanded open-concept layouts are guaranteed to please, while the convenience of commercial outlets within the towers main level offers residents the true benefits of urban-village style living.
Pre-registrations are underway for this spectacular property, and the first tower is expected to be complete in December! Centrally situated near all of Edmonton’s downtown amenities, including the much anticipated arena district, while also being just moments away from all the natural amenities of the River Valley, Edgewater is the perfect home for those who want to be near all the city centre action but also enjoy natural surroundings. With Edmonton’s downtown properties continuing to increase in demand at a rapid rate, the need for what Regency Developments Chief Operating Officer, Raj Dhunna, describes as the “urbanization of surrounding districts” was recognized. 121 West Condos in the coveted Highstreet District is located just across from the Brewery district and near all the trendy shops and restaurants found on 124 Street. Pre-registrations have begun on these 1 & 2 bedroom condos, which range from 560 – 1,300 sq.ft. With prices starting in the low $200s, this project features dual concrete constructed mid-rise towers at six and eight stories, combining for a total of 244 new homes! Designed with the concept of enhancing the community aspect of the area, a courtyard was included to provide residents with a common area to get to know one another. Surrounded by an array of amenities such as shopping centers, public transportation routes, and educational institutes, 121 West will definitely appeal to condo shoppers who are looking for a valuable investment in a central and character rich area. LINK Condos in Ellerslie is situated in the esteemed Southside of Edmonton. This eight storey concrete development offers residents convenient access to major roadways and is in close proximity to the Edmonton International Airport. Surrounded by a mature neighbourhood, residents will enjoy light community traffic while being only minutes away from some of south Edmonton’s most popular shopping destinations – including South Edmonton Common! With the majority of the midrise being two-bedroom floorplans, the range of suite options showcases the exceptional design details that Regency
121 West Condos Developments is known for. Heated underground parking and a unique rooftop patio area to enjoy with friends, family and neighbours are just a couple of LINK Condos’ numerous features. Pre-registrations are now in effect for LINK, but hurry...these homes are sure to sell fast! Located on 119 street and Jasper Ave, Pearl Tower is Edmonton’s shining 36 storey condominium tower that features a curtain glass wall. The 128 suite development is now complete with immediate possessions currently available! This modern designed tower is a stunning addition to Edmonton’s downtown skyline, and presents residents with street level commercial amenities, a grand lobby entrance, and a two-floor wellness center. The property offers home owners a convenient heated underground parking garage, on-site concierge, around the clock security and a public park on its west side for a quick green space escape. The Pearl Tower is 85% sold and, as Dhunna explains, has experienced $2.4 million in condo sales just in the month of March alone – a glimpse at how strong Edmonton’s condo market truly is! With four exceptional properties to choose from, there is sure to be a home to meet your lifestyle and design needs. Dhunna invites you to come see all that Regency Developments has to offer, and shares that he is very impressed by the strong sales and economic development that continues to take place in Edmonton. With multiple sales happening every week you don’t want to miss the opportunity to join one of these extraordinary Regency Development communities! For more information about each project please call 780.497.1700 to speak with a Regency Sales Associate. To learn more about Regency Developments properties visit their websites: EdgeWaterOnJasper.ca, LINKellerslie.ca, 121WestCondos.ca, and PearlTower.ca.
LINK Condos NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 9
Southern Springs town homes are part of the Walker Lake community of South Edmonton, a vibrant new neighbourhood with every convenience close at hand that young home owners are quickly discovering. High-quality finishes throughout, including: • Open plan main floors with elegant nine foot ceilings • Double-car attached garages with remote openers • Kitchen cabinets in a choice of two contemporary finishes • Polished quartz counters in kitchen and bathrooms • Free-standing homeowner’s club lounge and fitness centre
Prices start at $279,900 incl. GST
southernsprings.parkhomes.ca follow us on
ELLERSLIE RD WATT
655 Watt Boulevard Telephone: 780.701.5616 Show Homes open: Mon to Thurs: 3 – 8pm Weekends & Holidays: Noon – 5pm
50 St
ANTHONY HENDAY 66 St
ITH W S E HOM VIEWS E LAK
Craftsman Inspired Town Homes In Thriving South Edmonton
and
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ASK ABOUT OUR NEW PROJECT
THE STRAND IN ROSENTHAL
SHOW SUITE NOW OPEN
Secord Corners
LUXURY TOWNHOMES DESIGNED FOR TODAY’S BUYER
W
ords like stylish, modern & even a little bit sexy come to mind as you enter the Secord Corners Townhomes. Gleaming granite countertops, large windows and a glass tile backsplash in the kitchen give the space a sleek, urban feeling while features like the large rear deck & oversize double attached garage are exactly what suburban buyers are looking for. Innovative finishes like glass walls instead of the usual spindle stair railings allow light to flow throughout the home. Thoughtfully positioned in the west end of Edmonton, Secord Corners townhomes are located in the gorgeous community of Secord. This family oriented community is 12 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
just off past Lewis Estates and provides easy access to West Edmonton Mall plus the Whitemud and Anthony Henday freeways. Just a stone’s throw away from grocery stores and the established community of Parkland, Secord Corners offers spectacular value for residents. Easily accessible and close to many amenities, these townhomes are the exactly what northwest Edmonton has been waiting for. Perfectly sized at 1536 square feet, these homes have been specifically designed to maximize the floor space. The open concept design allows one room to flow into another, giving the overall impression of a much larger home. A spacious gourmet style kitchen with a convenient eating bar is ideal for active families or professional couples with hectic lifestyles while the dining nook is the perfect spot for family meals or a party. The great room features plenty of room for a luxurious flat screen TV, an oversize window and has
lots of room for entertaining. A well-placed half bath is very convenient for both residents and guests. Upstairs, three generous bedrooms offer fantastic space for children or make excellent offices or hobby rooms. The master suite is a great size and comes with a large walk in closet and four-piece ensuite. Another four-piece bathroom completes this level. The lower level of the home contains the laundry room, storage room and oversize double garage. Many valuable upgraded features of these homes include five appliances, an oversized deck and full landscaping of both front and back yards. The extra deep double attached rear garage has additional storage for the kids stuff or recreational equipment. Secord Corners Townhomes have been planned and are being constructed by Footprint Developments. This company specializes in creating greater Edmonton’s most value rich townhome communities. Very popular with today’s buyers, their first development, Terwillegar Corners, sold out in just months. Secord Corners Townhomes are master crafted and come complete with valuable, upgraded features and finishes. There are only 20 townhomes remaining in the final phase of this private community. Homes are selling fast - so do not wait to reserve your Secord Corners home! Priced from the $280’s these homes are definitely west Edmonton’s most impressive new home opportunity. For more information about Secord Corners Townhomes, please call 780.966.6524 or visit their show home in Secord at 9535-217st, just off of Secord Blvd. To get to Secord, turn off the Whitemud onto Secord, turn left on Secord Blvd & follow the signs. Check out www.secordcorners.ca for more details too.
YELLOWHEAD TRAIL
STONY PLAIN RD.
GREEN DR. 87 AVE. N W
R
SECORD Sales Center
178 ST.
WEBB E
ANTHONY HENDAY DR.
217 ST.
Lake
215 ST.
WINTERBURN RD. BLVD. ORD SEC
STONY PLAIN RD.
WHITEMUD DR.
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 13
NEW Street Towns | No Condo Fees 2 Great Communities
3 bedroom Street Towns | 3 floor plans | from 1379 sq ft - 1410 sq ft | Rear Parking Pad | Landscaped and Fencing | Stainless Steel Appliances |Plus Much More
from
$299,900 (inc GST)
Monthly Payment $1317 Qualifying Income $58,018
319 Southfork Drive Leduc Mon-Thurs 2-8 pm Sat-Sun 12-5 pm 587.274.1053
jayman.com/modus-paisley
3 bedroom Street Towns | 3 floor plans | from 1404 sq ft - 1419 sq ft | Rear Detached Garage Landscaped and Fencing | Stainless Steel Appliance Package | Plus Much More
from
$349,900 (inc GST)
Monthly Payment $1536 Qualifying Income $67,191 Sales Centre Located in Innovations by Jayman 3837 Powell Wynd SW Mon to Thurs 2-8 pm Sat/Sun 12-5 pm 587.521.4992 jayman.com/modus-southfork
/ j ay m a n m o d u s Ask about our Down Payment Savings Program
F I NA L C H A NC E – ON LY 14 U N I T S L E F T !
Bow Chicka Wow Wow
PRINCETON COURT
PRINCETON COURT Sherwood Park | 301 Palisades Way Prices starting in the $360’s* CALL MANDIE AT
780-905-0998
Clover Bar Road
Sherwood Drive
Way Lakeland Drive
101 Ave NW
Visit GrandeDesign.ca for more information.
Palis ades
Modern master suites with some sizzle are what Grande Design homes are all about. But when it comes to quality craftsmanship, our homes couldn’t be more traditional. Don’t miss out on your last chance to move into one of these spacious executive townhomes today!
Broadmoor Blvd
Yellowhead HWY
Baseline Rd
1781 sq. ft. spec executive townhomes Oversized double garage • Hardwood floors • Granite countertops • Stainless steel appliances • •
*Prices subject to change
Modern Homes. Classic Values. NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 15
Web Directory BUILDERS/DEVELOPERS
Find your next condo online, it’s easy! BUILDERS/DEVELOPERS
Abbey Lane Homes
www.abbeylanehomes.com
Parkwood Master Builder
www.parkwoodmasterbuilder.com
Addison Condos
www.theaddisonoffwhyte.com
Rohit Communities
www.rohitcommunities.com
Californian Parkland
www.vipliving.ca
Secord Chalet
www.secordchalet.com
Carrington Communities
www.carrington.ca
Secord Corners
www.secordcorners.ca
Cascade Luxury Condos
www.cascadecondos.ca
Solara at Skyview
www.solaraliving.ca
Centurion Townhomes
www.centuriontownhomes.com
Stafford Greens
www.staffordgreens.com
Christenson Developments Ltd.
www.cdlhomes.com
Symphony Tower
www.symphonytower.ca
Coventry Homes
www.coventry-homes.com
Tessco Incorporated
www.edmontoncondo.com
Daytona Homes Master Builder
www.daytonahomes.ca
The Leger
www.brass3.com
Encore Tower
www.encoretower.com
The Rushes of Southfork
www.rushesofsouthfork.ca
Footprint Developments
www.footprintdevelopments.ca
The Signature
www.signatureambleside.com
Fox Two
www.foxtowers.ca
Ultima
www.ultimatower.ca
Grovenor Manor
www.grovenormanor.com
Grande Design Homes
www.grandedesign.ca
Homes by Avi
www.homesbyavi.com
Landmark Group
www.landmarkgroup.ca
Lang Built Homes
www.langbuilthomes.com
Park Homes
www.parkhomes.ca
RELATED BUSINESS Canadian Home Builders’ Association – Alberta
www.chbaalberta.ca
Canadian Home Builders’ Association – Edmonton
www.chbaedmonton.ca
Dangie K-9 Service Inc. Your Condominium Security Specialists
www.dangiek9services.com
››
If you wish to advertise your Web site in our Web Directory please call 587-784-4044
7
KEY FACTORS FOR LEADING EDGE HOMES
A New Performance Benchmark for the Industry
7
STRENGTH MATTERS
6
EFFICIENCY IS IMPERATIVE
The materials and process used to build a new home dramatically affect the strength of that home. Make sure your home starts with a strong foundation built to the unique needs of the lot’s soil. Then, be sure to use engineered lumber throughout the home, and add spray foam to the walls to strengthen them further.
Energy efficient homes use minimal energy to stay very comfortable. Triple pane low-e argon filled windows combined with spray foam insulation make a great building envelope. A Heat Recovery Ventilator (HRV) and Tankless Hot Water System are also key technologies. Energy efficient homes create a win-win-win: for the earth, your pocketbook, and your family’s comfort.
5
DURABILITY DRIVES VALUE
A home is your largest investment. You can live in a durable home for much longer with minimal maintenance costs, and enjoy a home that shows little wear and tear. Millimetre precision (from building with cutting edge technology without harsh outdoor weather or human error) as well as unmatched strength (through spray foam insulation and engineered lumber) is key to a durable home.
LandmarkHomes.ca it’s what’s inside
4
HEALTHY HOMES HELP YOU
Air pollution, radiation from technology, and toxins in our food and body products give our bodies enough work. Why not lighten your body’s load by having a home with a great building envelope that protects you from outdoor pollutants and allergens? Also make sure your home’s building OSB is free of carcinogenic urea-formaldehyde, only use water based lacquer, and choose paints and grouts low in VOCs. Additionally, opt for spray foam insulation, as it mitigates mould growth.
3
PRECISION IS PARAMOUNT
2
SUSTAINABILITY MAKES SENSE
1
STYLE IS MORE THAN SKIN DEEP
The precision with which each part of your home fits together has a huge impact on how well it can function - from keeping the air healthy to minimizing energy requirements. A home’s every piece and part needs millimetre precision. This requires talented people doing their best work with the help of leading edge technology like climate controlled building space, robotics with millimetre precision, mechanical muscle, and engineered lumber. People plus technology create a home of uncompromised quality.
Sustainability means that all humans and natural systems can continue to have living conditions and enough resources to flourish forever. We build homes that last using building methods that are easy on the earth, like sourcing safe local materials that last, minimizing construction waste and demand for natural resources, and crafting homes with reduced energy demands – or that produce their own energy using solar power!
The expression of style through the most visible layer of a home is very important. Our in-house team of cutting edge professional Interior Designers ensure that every Landmark Home has sublime style. But, just like people, the most beautiful homes are gorgeous inside and out. We love putting the stylish finishing touches on our homes because they express the beauty of what’s inside them: strength, efficiency, durability, health, precision and sustainability. NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 17
CONTENTS
APR 24 - MAY 22, 2015
VOLUME 23
ISSUE 05
ON THE COVER
Edgewater Village on Jasper Condo tower living – along the edge of the River Valley
COLUMNS / NEWS / HOMEBUYERS’ HELP 16
Web Directory
44 In The News Mortgage costs about to rise for some Canadians
20 Editor’s Note 22 industry Update Avoid home purchase surprises by Jim Rivait
32 In The News San Jose housing tour at a glance
57 In The News 2015 Awards of Excellence in Housing finalists announced
by Lydia McNutt
60 Quick Tips Solving the “stuff ” problem
50 Mortgage Advice The overnight lending rate stays put, for now...
by Hellen Buttigieg
73 Homebuyers’ Help Condo Buyers’ Resource Section
by Alyssa Richard
by Sonia Bell
PROJECT LOCATION MAPS 23 Downtown
45 North East
55 South East
33 South Central
51 Sherwood Park
61 South West
37 North West
53 Leduc
69 West
41 Fort Saskatchewan
54 Beaumont
71 Spruce Grove
43 St Albert
PRESIDENT, YELLOW PAGES NEXTHOME
Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Susan Legge DIRECTOR OF SALES, NATIONAL
Moe Lalani SENIOR SALES MANAGER, WESTERN CANADA
Edwin Rizarri ART DIRECTOR
Victoria Cigan EDITOR
Lydia McNutt CONTRIBUTING EDITORS
Wayne Karl Elisa Krovblit Sara Duck (on leave) DESIGN EDITOR
22
Yanic Simard
SENIOR MEDIA CONSULTANT
Shelley Balla 587.784.4044
PRODUCTION MANAGER
Bala Gnanapandithan PRODUCTION CO-ORDINATOR
Hannah Yarkony GRAPHIC DESIGNER
Viosa Barileva, Miguel Cea, Mike Terentiev
PO Box 458 Station Main Edmonton, AB T5J 2K1 NEWHOMEANDCONDOGUIDE.CA
32
COPYRIGHT 2015 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. ADVERTISING RATES
T 587.784.4044 email shelley.balla@ypnexthome.ca CIRCULATION Edmonton’s New Condo Guide is
published every four weeks, 13 times per year. To submit articles or advertising, we are located at PO Box 458 Station Main Edmonton, AB T5J 2K1. New Condo Guide is free to the public.
EDITORIAL Submissions from interested parties will be considered. Please submit to susan.legge@ypnexthome.ca
The views and data expressed by columnists do not necessarily represent those of the publication.
57
EDITOR’S NOTE
THE CONDO CHOICE
SUSAN LEGGE Editor-in-chief
Susan.Legge@ypnexthome.ca Follow me on Twitter at Twitter.com/SusanLegge Like us on Facebook! Search: Condo Guide
While a single-detached is the traditional home choice for many, highrise and lowrise suites, lofts and condominium townhomes have become a great option among homebuyers in the Edmonton region – for first-time buyers, empty nesters, and all life stages in between. Not only does condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s time to move up you can often opt to remain in the same area, since many buildings and condo townhome communities offer a mix of designs, sizes and prices, allowing families to relocate easily without having to change jobs or schools. Today’s condo communities generally have a range of sizes and prices that start at the “affordable” end of the price spectrum. This spring, many builders are gearing up for their grand openings or have suites available for quick occupancy. It’s an exciting time to be shopping for a new condo, and you’ll see that popular communities still have a lot of buying activity. Don’t miss out on this excellent opportunity. Have a look through this issue and let us know what you think. The home of your dreams is waiting.
A CLEANER, GREENER HOME
LYDIA MCNUTT Editor
Lydia.McNutt@ypnexthome.ca Follow me on Twitter at Twitter.com/LydiasTweets
With the springtime awakening of the outdoors, going Green is always a hot topic at this time of year. People have a passion for all things eco, whether it’s for Earth’s preservation, personal health reasons, or for the money savings often associated with this way of life. Buyers of brand new homes enjoy the benefits of the newest and best environmentally friendly features that everyone wants these days, built right in from the ground up. So, if going Green is important to you, shop around and learn what each builder offers. Not only will you be doing your part to protect the environment, but the Green benefits also extend to your wallet in the form of lower operating costs, and possibly higher resale value when you sell the place one day. Construction aside, think about all the little things you can do in your home that will make a big difference to the planet. Be passive! Using less does more than you think. Replace incandescent light bulbs with compact fluorescent ones to reduce energy consumption, and install low-flow showerheads and faucets, if your builder hasn’t already done so. Once you make the initial change, you won’t give it a second thought. Green products, materials and services have become more accessible and affordable. Check for municipal, provincial and federal rebates to help ease any financial burden. Going Green is not about celebrating Earth Day for one day every April. It’s about a lifestyle change, 365 days a year.
20 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
IS THE IMF ROOTING AGAINST CANADA’S HOUSING MARKET? (PARTIS2)THE IMF ROOTING AGAINST CANADA’S HOUSING MARKET? (PART 2) In our last article we discussed the International
households in Edmonton and Calgary comfortably
Monetary Fund’s (IMF) concerns over the amount of
afford the current carrying cost of the average residential
new debt Canadian households have accumulated In our last article we discussed the International during the low interest environment that has shaped Monetary Fund’s (IMF) concerns over the amount of our markets since our last recession in 2008. new debt Canadian households have accumulated
during the low interest environment that has shaped our We finished our last article by proposing that increasing markets since our last recession in 2008. debt is not a singular sign of weakening household We finishedInour articlewhat by proposing that Canadians increasing finances. ourlast opinion, counts is how
debt not a singular signtheofmoney weakening household are is spending or investing they borrow, and finances. In our opinion, what counts is how Canadians how they are servicing their debt. Currently, mortgage are spending or investing the money they borrow, and debt accounts for 66 percent of all consumer debt and how they are servicing their debt. Currently, mortgage the majority of our most recent experienced growth in debt accounts for 66 percent of all consumer debt and total national debt levels. the majority of our most recent experienced growth in total national debt levels. In economics, a common measure of financial health is In economics, a common measure of financial health is whether one is forced to spend over 30 percent of their whether one is forced to spend over 30 percent of their gross income on housing. By this measure, average
Average Housing Price in 2014
housing price, while being comparatively better off than gross income on housing. By this measure, average average households in Canada’s other top 3 major households in Edmonton and Calgary comfortably afford centres. Furthermore, these average households the current carrying cost of the average residential continue to save a significantly high portion of their housing price, while being comparatively better off than gross incomes, suggesting they are well situated to average households in Canada’s other top 3 major continue to finance their homes if these carrying costs centres. Furthermore, these average households should risetoinsave the near future. high portion of their gross continue a significantly
incomes, suggesting they are well situated to continue to The IMFtheir warns that higher interest rates could finance homes if these carrying costs should rise in
the near future. jeopardize Canadian homeowners’ abilities to finance their homes comfortably, which in turn could cause a The IMF warns that higher interest rates could jeopardize steep downturn in our housing market. Canadian homeowners’ abilities to finance their homes
comfortably, which in turn could cause a steep downturn When it comesmarket. to Alberta, we don’t share the same in our housing view. When it comes to Alberta, we don’t share the same view.
Average Household Income in 2011
*Standard Mortgage Payment/Average Monthly Household Incomes
Provincial Household Savings Rate 2013
Vancouver
$819,384
$85,400
66%
0%
Toronto
$556,603
$80,100
48%
4.6%
Montreal
$340,489
$72,300
32%
2.7%
Calgary
$452,968
$113,800
27%
16.3%
Edmonton
$359,479
$92,000
27%
16.3%
*Mortgage payment estimated at 5% down, and a 4.7% 5-year fixed mortgage rate over 25 years of amortization. Average housing price data Intelligence House is Edmonton’s newest and most was collected from the Canadian Real Estate Board. All other data was collected from Statistics Canada.
innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real is estate industry.newest and most Intelligence House Edmonton’s Intelligence House is Edmonton’s newest and most innovative Real Estate Marketing Agency with a innovative Real Estate Marketing Agency with a focus on strategic market intelligence which focus on strategic market intelligence which includes full research, marketing and sales includes full research, marketing and sales services to the real estate industry. services to the real estate industry.
From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield
From left to right: From left to right: Michael Melnychuk Michael Melnychuk Alex Ruffini Alex Ruffini Emmett Hartfield Emmett Hartfield
INDUSTRY UPDATE
Avoid home purchase surprises By Jim Rivait
B
uying a home is a challenging process, and no purchaser wants to discover a potentially costly deal breaker at the last moment. That’s why it’s essential for consumers to be aware of the possible pitfalls of signing an exclusive service agreement with a real estate agent to help you buy a home. Our association is hearing of cases where buyers never realized that an exclusive agreement means a real estate agent is entitled a commission on the sale of a new home or condo bought directly through a builder. Buyers are then in a tough spot. It’s important to understand that the builder has no legal obligation to pay the commission. So, how can buyers protect themselves against unexpected shocks? The first step is to understand that the Real Estate Council of Alberta (RECA) introduced new requirements for real estate professionals last July, so the rules may have changed since you last bought a home. The non-government regulator made it mandatory for its members to use written service agreements with clients. The goal was to clarify the roles and responsibilities of agents and their clients in an attempt to reduce conflicts and confusion. The RECA website provides more information about what parts of the agreement are negotiable, including the services to be provided, length of the agreement and remuneration. Buyers can also negotiate whether the buyer representation agreement is exclusive or non-exclusive. A non-exclusive agreement leaves the consumer free to act on their own without having to pay a commission on a sale. Consumers can also enter into non-exclusive agreements with multiple agents. An exclusive agreement locks the consumer into the terms of the contract – including commissions – even if the buyer deals directly with a builder. RECA states that consumers can request a non-exclusive agreement but that its members are not obliged to accept those terms. The buyer has the option of finding a different agent. Builders have taken steps in the past to work with buyers who want to be represented by an agent. The Builder/Realtor Cooperation Program is in place in both Edmonton and Calgary, and many major builders participate. A key principle of that program is that agents must register a client with the builder and then accompany the prospective buyer to view any showhomes. This ensures that all the participants understand right from the start that
22 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
an agent will be involved in the sale. Homebuyers can avoid unexpected costs and stress by ensuring that they fully understand the terms and conditions before they sign either an exclusive or non-exclusive a service agreement. That’s the simple way to avoid complications later. The Canadian Home Builders’ Association – Alberta represents over 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services.
Jim Rivait is chief executive officer of the Canadian Home Builders’ Association – Alberta. Starting his career working in government, Jim spent the last decade working in the private sector specializing in government relations, advocacy, strategic communications, policy development/analysis and association management.
DowntownEdmonton 118 Ave. 112 Ave.
10
9 Jasper Ave. 100 Ave.
3 97 Ave.
.
82 St. LOW LEVEL BRIDGE JAMES McDONALD BRIDGE
106 St.
Victoria Park Rd. Rive r Va lley Rd
7
w Ro
.
Rd
St.
2 1 6 5
102 Ave.
d lan
92
11
104 Ave.
13
yA ve .
100 St.
107 Ave.
4 8
wa
105 St.
116 St.
14
109 St.
127 St.
142 St.
144 St.
12
gs
KINNARD RAVINE
t. 95 S
104 Ave.
Kin
. 97 St
124 St.
111 Ave.
101 St.
111 Ave.
DAWSON BRIDGE
Bellamy Hill HIGH LEVEL BRIDGE 105 ST BRIDGE
MAP LISTINGS
1 THE ULTIMA
North Saskatchewan River
6 ENCORE
11 QUEST
BY WESTRICH PACIFIC
BY WESTRICH PACIFIC
BY REGENCY DEVELOPMENTS
10244 - 103rd Street
103 St. & 102 Ave.
Corner of 104 Ave. & 105 St.
2 THE FOX
7 JASPER HOUSE
BY LANGHAM DEVELOPMENTS
BY LAMB DEVELOPMENT CORP
104 Street & 102 Avenue
Jasper Ave. & 106 Street
3 SYMPHONY BY ROCKWOOD PROPERTY MANAGEMENT
9704 - 106 St. 4 VIBE BY CARRINGTON COMMUNITIES
10604 116 Street 5 ICON BY LANGHAM DEVELOPMENTS
Jasper Ave., North of 104 St.
12 HIGHSTREET DISTRICT PROPERTIES BY REGENCY DEVELOPMENTS
8 STUDIO ED Corner of 116 Street & 106 Avenue
10523 - 123 St. 13 GROVENOR MANOR BY PELHAM MASTER BUILDER
9 MERIDIAN PLAZA BY CANCALI DEVELOPMENTS
111 St. & Jasper Ave.
10126 – 144 Street 14 INFINITI ON 105 BY MCLEOD PROJECT MARKETING
10 PEARL BY REGENCY DEVELOPMENTS
105 Street, west of 117 Ave.
Jasper Avenue & 119 Street.
DOWNTOWN EDMONTON | Call Riley 780.705.1350
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
CONDOS FROM $165,900 10604 – 116 Street NW NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 23
g ’s n i 0 t r 7 2 a St the
ow l e b
G ROVENOR M A N O R Cut From A DiFFerent Cloth As unique as the historic community it resides in, Grovenor Manor has been designed by one of Edmonton’s
CONSTRUCTION UNDERWAY!
top Architects to provide you the ultimate combination
Fall 2015 Possession
of comfort, quality of living, privacy and style. • Spacious 1 & 2 bedroom suites • 9 foot ceilings • Street - level entrances & private terraces • Secured underground parking & convenient visitor parking
• Minutes from downtown • Close to the river valley • Traveler’s Home Warranty • BUILT GREEN® Silver Certified construction
40 % SOLD
Visit Our Sales Centre 10126 -144 Street Monday -Thursday 3-8 pm Closed Fridays Saturday, Sunday, & most holidays 12-5 pm Please call ahead on holidays! To book an appointment call:
Highest quality in home building!
780.982.2109
www.grovenormanor.com
GROVENOR MANOR… CUT FROM A DIFFERENT CLOTH.
L
ocated in one of Edmonton’s oldest communities, Grovenor Manor offers a unique combination of timeless style, unparalleled quality and forward thinking design – all in a setting that gives you the best of all worlds. Tucked away between 149th and 142nd streets, Stony Plain Road and the MacKinnon Ravine, Grovenor is a community like no other. For more than 100 years, the community of Grovenor has offered Edmontonians a place to live and grow that’s close to downtown, but just far enough away from its hustle and bustle to truly enjoy life. Great restaurants and all manner of shopping are just across the street and around the corner from Grovenor Manor. Tasty Tomato, Delux Burger Bar, Jeff rey’s Cafe & Wine Bar, COBS Bread and PiccoLino Bistro are just some of the delicious destinations mere minutes from the front entrance. Everyday necessities are within easy reach too, with major
26 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
DOWNTOWN
grocery and drug stores just up the street at Jasper Gates shopping centre. And if you want even more variety, you’re just a short drive or transit ride to downtown and the shopping of West Edmonton. Grovenor Manor offers all the convenience and comfort of living in the city, while being a few short blocks away from walking and bike trails and the breath-taking beauty of the river valley. NOT ANOTHER COOKIE-CUTTER CONDO. Like every Pelham Homes development, Grovenor Manor is designed to be unique and one-of-a-kind and has definitely not been designed by formula. Suites are spacious and every feature has been selected to ensure the highest level of comfort and privacy. If you took away the timeless design of the building, the nine-foot ceilings, granite counter-tops and large window you have one of the finest built homes in Edmonton. Grovenor has also been constructed using Pelham’s exhaustive process that involves over 60 checklists to ensure everything is constructed to the highest standards in the business. And it’s all been BUILT GREEN® to offer environmental peace-of-mind to last a lifetime. All Grovenor Manor suites are 3rd-party BUILT GREEN® certified for energy efficiency and have been constructed using resource-efficient, environmentally friendly, construction practices and products.Other forward-thinking design elements come standard too. Every suite in Grovenor Manor has been created to accommodate graceful aging and allow for independent living in later years. All countertops, including the stove and sink areas, can be lowered by six inches to allow for comfortable access from a wheelchair. All doorways are three-feet wide and all spaces, including master baths and showers, have also been designed for easy wheelchair access. All bathrooms have also been constructed with blocking behind the walls to allow for the future installation of handrails and safety bars. They’re just a few of the small details that will allow you to stay in your Grovenor Manor home for as long as possible.
A UNIQUE APPROACH TO BUYING. Every Grovenor Manor resident starts their journey to ownership the same way – with a caring and attentive Customer Experience Manager. They’ll be with you from the time you pick out your suite until the last day of your warranty period, keeping you informed of the progress of your home, ready to answer all of your questions. For more information on Grovenor Manor, or to book an appointment with a Customer Experience Manager, please call 780-982-2109, or visit www.grovenormanor.com
BUYING A CONDO CAN BE A TRIP. A wonderful, amazing and totally rewarding trip. In fact, if you’re one of the next three people to purchase a unit in the beautifully appointed Grovenor Manor, you’ll receive a trip to Las Vegas for a relaxing weekend of shopping. • 2 airline tickets to Las Vegas • 3 nights hotel accommodation • PLUS $500 US spending money
Book your meeting with a Grovenor Manor Experience Manager today. 780-982-2109 www.grovenormanor.com
G ROVENOR M A N O R Certain terms and conditions apply. Estimated value approx. $2,200. Stop by our sales centre at 10126-144 Street for full details.
NewHomeAndCondoGuide.ca1 | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 27 PM Grovenor_CondoAd_Vegas_April2015_V1.indd 2015-04-07 3:34
269,900 102 AVE NW 104 ST. NW
105 ST. NW
106 ST. NW
107 ST. NW
109 ST. NW
JASPER AVE NW
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 29
Edmonton’s best downtown location At 33 stories, Fox Two occupies the centre of Edmonton’s most sought-after downtown neighbourhood — the 104 Street Promenade. Situated on the corner of 102 Avenue and 104 Street, it is the last major tower to be built on this popular street. Fox Two is the final and taller phase of Langham Developments’ Fox Towers project. The first phase — Fox One — is currently under construction and almost sold out. Edmonton’s 104 Street Promenade was one of 4 finalists on the 2013 list of Great Streets in Canada, and is home to eclectic shops, restaurants and a summertime street-wide farmers’ market. Boasting a walk score of 98/100*, residents also enjoy unparalleled walkable and LRT access to the best of Edmonton, including the highly anticipated downtown arena. Another Langham development, Icon Towers completed in 2010, was instrumental in hastening the rejuvenation of this popular neighbourhood, and the Fox Towers project will further cement its popularity.
*www.walkscore.com
Architectural excellence This striking 33-storey tower embodies superior design and quality in every respect. From the expansive glass feature wall commanding spectacular views of the city and river valley, to the bold and colourful suite interiors that reflect today’s most popular trends — Fox Two is modern architectural elegance personified.
Stylish, well-conceived interiors Our dedicated team of designers were charged with creating the most efficient floor plans possible for every suite type in Fox Two. Every fixture, every fabric, every finish was selected to reflect today’s most popular trends and ensure timeless quality, beauty and longevity. From architectural nuances like quartz kitchen countertops paired with sleek and colourful high-gloss kitchen cabinets, to creature comforts like heated parking stalls (at least 1 per unit), Fox Two is a testament to comfortable highrise living. Choose from a total of 169 units in 1-3 bedroom configurations from 640 to 2,400 square feet.
The latest project from Langham Developments Since 2001, Langham has been creating exceptional developments — each imbued with the same unwavering mandate: to deliver strong unrivaled architecture, uncompromised in quality. Langham is among Edmonton’s most experienced and reputable high rise builders, having completed 3 outstanding downtown towers to date: Icon 1, Icon 2 and Omega.
Construction has now started on Fox Two
Visit our Sales Centre on-site at the northwest corner of 102 Ave. and 104 St.
www.foxtowers.ca | 780.425.0369
IN THE NEWS
San Jose housing tour at a glance By Sonia Bell
S
an Jose, one of California’s most sought-after real estate hotspots, played host to the Canadian Home Builders’ Association (CHBA) – Alberta housing tour last month. CHBA – Alberta members had the opportunity to tour 40 new homes in just two days, showcasing different builders, new models and exciting neighbourhoods to inspire CHBA – Alberta members and give them a taste of what’s happening in this bustling housing market. San Jose is the self-proclaimed ‘capital of Silicon Valley’ located in the Santa Clara Valley, boasting a pretty extensive roster of famous tech-savvy residents. Apple, Google and Facebook all have offices scattered throughout. The San Jose housing market is booming; employment growth has contributed to the high housing demand in the area. However, the development of new homes is relatively scarce due to such things as capped building permits, strict environmental reviews requirements, and local resistance. And of course, when high demand meets limited supply, housing costs begin to rise. CHBA – Alberta highlighted a few trends noted throughout the tour: developers are producing as many units on their sites as possible. The multifamily housing component of the tour outweighed single-family homes two to one, with starting prices ranging from $530,000 to $1.9 million. The tour also revealed common design features, like stair-intensive layouts. A typical townhome features a main-floor garage, half bath and small bedroom or office. The rest of the rooms, kitchen and living area sit on the upper floor, followed by another flight of stairs leading to the rest of the bedrooms.
San Jose housing market at a glance: » San Jose residential building permits issued in 2013: single-family – 276 (7%); Multi-family – 3,705 (93%). Value of new homes built in 2013 – $594 million » Median house price: $651,000; only 21% of the San Jose households can afford to buy a median priced home versus national average of 63% » Average rents are up 11% annually; renters must earn at least $31.70 an hour to afford a market-rate twobedroom apartment
Sonia Bell gets the inside scoop on what’s trending in real estate, renovation and décor. She has her Masters in Communications Studies, and loves writing about all things real estate. Email her at Sonia.Bell@ypnexthome.ca
SouthCentralEdmonton North Saskatchewan River
6 3
75 St.
92 St.
1
99 St.
103 St.
9 r. an D hew c t a Sask 104 St.
84 St.
95 Ave.
Co nn or s 7 Rd.
10
90 Ave. 83 St.
105 ST BRIDGE
5
101 Ave. 98 Ave.
85 St.
Sas kat che wa nD 2 r. 87 Ave.
FOOT BRIDGE
JAMES McDONALD BRIDGE
Scona Rd.
109 ST BRIDGE
114 St.
Groat Rd .
GROAT BRIDGE
79 St.
106 Ave.
DAWSON BRIDGE LOW LEVEL BRIDGE
CAPILANO BRIDGE
Whyte - 82 Ave.8 76 Ave.
4 51 Ave.
MAP LISTINGS
1 MILL CREEK PARK BY PARKWOOD MASTER BUILDER
8515 - 99 Street 2 BENTLEY IN WINDSOR PARK BY YORKTON GROUP INT’L
11710 - 87 Ave. 3 THE ARBOR AT AVENUE 83 10002-83 Avenue
4 THE UNIVERSITY BROWNSTONES BY TESSCO
108 St. & 71 Ave.
8 STUDIO OFF WHYTE BY I4 PROPERTY GROUP
104th St & 81st Ave 9 STUDIO ON THE HILL BY I4 PROPERTY GROUP
5 LUMIERE BY INFINITI DEVELOPMENTS
10836-85 Ave.
9859 – 90th Ave 10 CASCADE CONDOS
6 THE ADDISON BY PK DEVELOPMENTS
BY PK DEVELOPMENTS
9008 85 Avenue
10024-83 Ave. 7 Le Quartier Condos BY INFINITI DEVELOPMENTS
8627-91 St
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 33
THE UNIVERSITY
BROWNSTONES F
ollowing the great success of Phase One of The University Brownstones, we are proud to announce the second phase of their multi-family development. Built on the foundations of quality, value and innovative design these 72 spectacular units are a welcome addition to this in-demand address. With a prime location in a charming mature neighbourhood, The University Brownstones is a unique project surrounded by character homes, and all the amenities of an established community. Situated at 108 Street and 72 Avenue, residents will be conveniently located just steps from the Garneau, the University of Alberta, and the Whyte W hyte Avenue shopping and entertainment district - all • Excellent location, close to within walking distance! Just U of A and Whyte Ave. a few minutes • Spacious designs with 9 away is the scefoot sprinklered ceilings nic river valley, where outdoor • Upgraded appliance packenthusiasts can age and soundproofing enjoy plenty of activities. Plus, • Beautiful central courtyard getting to the and glass elevators downtown core is hassle free • Underground heated parkwith just a quick ing and 24 hour video LRT ride. Making monitored security your next home at The University • Backed by New Home Brownstones is Warranty easy as only a 5% down payment is required. With this type of opportunity, buyers are encouraged to act now to ensure their home style preference is available. The design of The University Brownstones is as distinctive as the neighbourhood it is located in. Glass elevators with vestibules and covered, open pedways that link all parts of the development add to the unique European look and feel. The stylish pedways also create private, separate entrances to each suite, allowing for more windows since suites back onto the open pedways rather than a
closed in hallway. Adding to the bright and airy environment is the wonderful feature of a central courtyard. The University Brownstones, will have the same quality and design as found in its many other sought-after developments, but with more of an Old World flair. At The University Brownstones, buyers will discover spacious suites that range from 745 to 1,600 square feet and present an array of floor plans to suit a wide variety of tastes and lifestyles including one bedroom, one bedroom plus den, two bedrooms and even a couple of three bedroom suites. The den in the one bedroom suite option is designed so that it can easily be used as a second bedroom. Inside each suite, buyers will appreciate the open great room plans, 9-ft. ceilings, huge floor-to-ceiling windows, kitchens with islands and raised eating bars. The selection of finishing packages and superior soundproofing are part of The University Brownstones. Each unit is self contained, with a separate furnace, hot water on demand and telephone and cable access in almost every room. We skip the expensive amenities that are seldom used and instead puts the money saved into state of the art soundproofing – ultimately allowing condo fees to remain low. And, your surroundings are always secure, with 24-hour video monitoring in the parkade. The University Brownstones is an impressive development that combines the coveted features of a mature, culture rich area with beautiful and visually interesting architectural design. With Phase I sold out, and the highly anticipated pre-sale now underway, you will not want to miss out on the exciting opportunity! Be sure to ask about our Free $10,000 upgrade package package. that is available for only pre-sale $1 5,000 upgrade the first pre-sales. For25 more information visit the new show suite at 10811 Avenue Thursday 4-6:30pm or anytime For72more information visitfrom the Phase One Show Suite atby10808 appointment. Call Troy Stenson at ReMax River City 780.439.7000 71 Avenue, open Monday to Thursday, 4-7 pm, weekends 1-5 pm or call Troy Stenson at Re/Max River City, 780-439-7000
COVERED COVERED with CARE www.blanketltd.ca www.blanketltd.ca
www.edmontoncondo.com
Visit us online for priority registration on Phase 2 and view our new upgraded construction specs 34 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
PHASE II 65% SOLD OUT! 9 PREMIUM SUITES REMAIN 2 BED - 2 BATHS STARTING AT $314,900 15K UPGRADE PACKAGE INCLUDED FOR FREE
IMMEDIATE POSSESIONS
CONSTRUCTION IS NOW COMPLETE
SHOW SUITE: 10811 72 AVENUE THURSDAY 4-6:30PM OR BY APPOINTMENT ANYTIME
Get involved with Sage! Sage is a non-profit seniors’ serving organization, offering a wide range of programs that enhance the quality of life for seniors in Greater Edmonton. Get involved with Sage! Take advantage of the many resources, programs and services. Explore a variety of volunteer opportunities. Consider supporting at-risk seniors by making a charitable donation. Sage has been serving seniors in your community for over 40 years.
Visit www.MySage.ca or call 780-423-5510!
NorthWestEdmonton City Boundary
12 176 Ave. Castle Downs Rd.
2
167 Ave. 162 A ve
.
15
153 Ave. 6 14 8 1 10 4
7 132 Ave.
An th
on y
l rai rt T
127 Ave.
ail d Tr
gsw
124 St.
142 St.
149 St.
. Rd eld yfi
Kin
ay
s . es ve nc A Pri beth a Eliz
Ave .
111 Ave.
Ma
178 St.
184 St.
170 St.
199 St. 215 St.
156 St.
a whe 118 Ave.
o Yell
109 St.
He
lbe
135 St.
137 Ave.
Dr
11 13
A St.
16
nd ay
142 Ave.
97 St.
150 Ave.
121 St. 113A St.
153 Ave.
127 St.
5 9
148 Ave.
Campbell Rd.
3
Stony Plain Rd.
MAP LISTINGS
1 COVENTRY HOMES Castle Downs Rd. & McCrae Ave. 2 ALBANY TRAILS BY FOOTPRINT DEVELOPMENTS
138 St & 167 Ave. 3 AVIVA BY CARRINGTON COMMUNITIES
507 Albany Way 4 VICTORY LANE BY ABBEY LANE HOMES
2510 Pegasus Blvd. 5 UPPER CARLTON BY REID BUILT HOMES
13838 - 166th Avenue 6 VALOUR BY CARRINGTON COMMUNITIES
508 Griesbach Parade NW
7 BELLWETHER PARK 132 Ave. & 132 St.
13 STARLING AT BIG LAKE BY ROHIT LAND DEVELOPMENT
137 Ave & Ray Gibbons Dr.
8 VICTORY PARK
14 JUNO TOWNHOMES
BY ABBEY LANE HOMES
Pegasus Blvd & Sir Arthur Curry Way
BY SLOKKER CANADA WEST
2570 Pegasus Blvd. 15 CAERNARRON KEEP FIRST PLACE PROGRAM
9 THE SILHOUETTE AT CARLTON
BY LANDMARK COMMUNITIES
BY CASSEL COMMUNITIES
14621 - 121 St. NW
15503 - 139 St.
16 STARLING LANDING
10 MCCRAE ESTATES
BY ROHIT COMMUNITIES
BY CHRISTENSON COMMUNITIES
2405 Sparrow Common
4450 McCrae Ave. 11 STARLING DUPLEXES BY ROHIT COMMUNITIES
2407 Sparrow Crescent 12 LEGACY POINTE BY CONCEPT HOMES MASTER BUILDER
18230 - 104A Street
NORTHWEST EDMONTON | Call Eva 587.520.3372
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
CONDOS FROM $193,900
Font: Optima Roman & Bold, all caps & small Caps C:72 M:75 Y:0 K:0
Please see our ad between pages 18 and 19
507 Albany Way
C:23 M:0 Y:45 K:0 C:0 M:0 Y:0 K:85
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 37
TOWNHOMES FROM THE
$280,000’s
introducing
LARKSPUR LANDING
*Artist rendering only. Clover model shown.
50 St Ave 21 St
• Located in a mature neighbourhood with schools, parks, and amenities nearby
43A
43 Ave
30 St
44 St N W
• 2 and 3 bedroom homes available
17 St
34 St
• Perfect for first time homebuyers with two unique floor plans to choose from
Whit emu dD r
3 8 Av
eN
W
Visit the Showhome at 2845 43 Ave NW | Contact Lynn Ly at 780.914.1565 Bring a loved one to live in Larkspur Landing & earn $1000 with Rohit’s Referral Program!
RohitCommunities.com 38 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
ING SPR SSION ! 1 SE POS PHASE FOR
Big mortgage
in the suburbs or
small mortgage
in a mature location? That’s what we think too.
260s
$
Visit our sales centre: 137 Ave
6 unique floor plans up to 1,622 sqft 132 St
Now under construction!
132 Ave 127 St
Stylish townhomes with two-car garage from the
N
780.455.9811 • bwpark.ca
40 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
Mon - Thurs: 3 - 7 pm Sat - Sun & Hol: 1 - 5 pm
FortSaskatchewan ER AT S DW N RE IBBO G
ES UT ON IN ONT M 7 DM E TO
21 ay K hw PAR Hig OD N. O O 1 ERW NT SH MO TES TO & ED MINU 0 1
Hig hw ay
15
. 2 St
15
t. 82 S
Westpark Drive
e. ve. Av 95A A 94 We stp ark 84 St. Wo Blv od d. Clo sme se re
ve. 97 A
BR 17 K UD M ER TO HE IM
1
e. Av
St. 101
99
e. Av 99
ay hw Hig
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1
er Riv an w e tch ska Sa
2
Wilshire Blvd.
MAP LISTINGS
1 ELEMENTS SENNA
2 CLIO
BY ROHIT COMMUNITIES
BY PARK HOMES
1 Santana Cres.
#94th St Southfort Drive
WELCOME TO FORT SASKATCHEWAN A quiet, friendly, family oriented community. “Move in Next Door... Neighborly Fort Saskatchewan”.
POPULATION Over 14,700 LOCATED Adjacent to the northeast boundary of the provincial capital, the City of Edmonton & 30 km from downtown Edmonton SCHOOLS 6 Public Schools, 3 Separate Schools, 1 Christian School GROCERY Sobey’s Station Square, Canada Safeway,
Extra Foods, Garden Market IGA RECREATIONAL FACILITIES Dow Centennial Centre, Tennis courts, campground, golf courses, bowling lanes, baseball diamonds, indoor pool, outdoor ice rinks (2), curling rinking, indoor soccer, gymnasium, fitness centre
MEDICAL FACILITIES Hospital, local ambulance, 5 medical clinics PARKS & PATHWAYS 360 hectares of park/recreational/ natural land with 29 km of paved trails for walking, running, biking, rollerblading & cross-country skiing
For more information contact Tanya Stillborn (780) 992-6408 or visit our website at www.fortsask.ca or e-mail: tstillborn@fortsask.ca
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 41
ER UND CTION U STR N O C
Park Homes Signature Series Comes to Fort Saskatchewan Clio is a new generation of Park Homes highly successful Georgian style three bedroom town homes, featuring elegant exteriors with charming window boxes and interiors designed for contemporary living: • • • • •
Warm laminate flooring through open plan main floor Gourmet kitchens with five appliances; Elevated nine foot ceilings on the main floor – and every home has an Extra length two-car garage large enough for a full size truck and a second car! Located in the vibrant new community of Southpointe, close to the city centre
Pre-construction prices start at $289,900 incl. GST Pre-sale Centre open at 8530 94 St. Fort Saskatchewan Mon to Thurs: 3 – 8pm Weekends and Holidays: 12 – 5pm Closed Friday Tel: 780.809.8589
clio.parkhomes.ca follow us on
and
St.Albert
MAP LISTINGS
ros e Dr.
Keil lor Dr.
e. Poirier Av
Rd .
1 SAGE GARDENS
St. Al be r
Boudreau Rd. Campbell Rd.
Dr. ins k t A
TO
tT r.
167 Ave.
ED
M
ON
TO N
156 St.
170 St. Gerva is
Av e. 184 St.
Levasseur Rd.
ud re au
Rd .
ton ins W Sir
er Riv
Bo
. ve lA l i h urc Ch
4
Ga te
n eo rg Stu
3
Sturg eon Rd .
ve. yA enn K c M
Kin gsw ood Blvd.
lle Be
Ro ad He be rt
. x Rd irou
ron Per
Lacombe Dr.
2 ert . St. Alb
G
1
Element Dr. Erin Rid ge Dr.
TO MORINVILLE
3 BOTANICA
BY VI PROPERTIES
BY BOUDREAU DEVELOPMENTS LTD.
25 Element Drive
105 Bellerose Drive
2 CITADEL VILLAGE BY CHRISTENSON COMMUNITIES
St. Albert Trail & Ridge Drive
4 TENOR ON THE RIVER DEVELOPED BY MCLEOD PROJECT MARKETING
35 Sturgeon Road
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 43
IN THE NEWS
Mortgage costs about to rise for some Canadians By Lydia McNutt
I
f you’re planning to buy a home this year with less than 10 per cent down, you can also plan for higher mortgage costs as of June 1, 2015. Canada Mortgage and Housing Corp. (CMHC) and Genworth Canada have announced that they are raising their mortgage insurance premiums by 15 per cent. CMHC increased its target capital requirements in mid-2014. The move isn’t expected to have a big impact on homebuyers’ pocketbooks or Canada’s housing markets, CMHC says. The higher premium would amount to an additional $5 per month for the typical borrower with a 95-per-cent loan-to-value ratio on a mortgage of $252,530. However, in Canada’s pricier markets, those monthly mortgage costs will inevitably be higher. In addition, the looming rise in mortgage costs could also
signal a busier-than-normal spring real estate market, as homebuyers try to beat the clock on the May 31 deadline. The increase in mortgage insurance premiums reflects concerns that Canadians are overextending their budgets by taking on more home than they can afford, leaving them in a tight spot when interest rates rise or at the slightest economic turn. Experts advise that homebuyers plan ahead, save their money and put down as much as possible, to avoid taking out a high-ratio mortgage. Homebuyers unable to save up this often hefty amount can still buy a home with a downpayment of less than 20 per cent, but federally regulated lenders require mortgage loan insurance, which covers them in case of payment default. The lender is responsible for the premiums and passes those costs on to the homebuyer in the form of a lump-sum payment, or more commonly, higher monthly payments. CMHC is Canada’s largest insurer of residential mortgages. Existing mortgages, high-ratio mortgages with more than a 10-per-cent downpayment, and mortgages on multi-unit properties will not be affected by the premium increase.
95% LOAN-TO-VALUE Loan Amount
$150,000
$250,000
$350,000
$450,000
Current Premium
$4,725
$7,875
$11,025
$14,175
New Premium
$5,400
$9,000
$12,600
$16,200
Additional Premium
$675
$1,125
$1,575
$2,025
Monthly Increase
$3.12
$5.20
$7.29
$9.36
Based on a five-year term at 2.79 per cent and a 25-year amortization
44 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
NorthEastEdmonton 8 16710Ave.
M Fo ANNIN GF rt WY. Rd . 34 St.
9
Rd .
137
Fo rt
132 Ave.
129 Ave.
120 Ave. 95 St.
118 Ave.
58 St.
122 Ave.
121 Ave.
. Ave d. 112 Blv a Ad
CAPILANO BRIDGE
MAP LISTINGS
2 Hooke Rd. Hermita ge Rd. YEL LOW HEA DT RAI L 38 St.
3
127 Ave.
20 St.
137 Ave.
34 St.
87 St.
144 Av e.
151 Ave.
. Ave 144 6 11 Ave.
Victoria Tr.
50 St.
66 St.
7
22 St.
5
82 St.
97 St.
. 160 Ave . e v A 153
195 Ave.
4
91 St. 1
104 Ave. North Saskatchewan River
5 BRINTNELL SUMMIT
1 TOPAZ BY PARK HOMES
BY QUALICO LIVING
70-8318 180 Ave.
445 Brintnell Blvd NW
2 ELEMENTS AT HERMITAGE
6 CLAREVIEW VISTAS BY LANDMARK COMMUNITIES
BY CARRINGTON COMMUNITIES
1196 Hyndman Road
3625 144 Ave NW 7 CASSELMAN LANDING
3 STATION POINTE
BY ROHIT COMMUNITIES
#1, 5203 - 149 Ave.
BY BCM HOMES
403 Belvedere Way
8 AIR HARBOUR/ALTITUDE
4 NORTHSHORE
BY CARRINGTON COMMUNITIES
6076 Schonsee Way NW
9 CY BECKER DUPLEXES BY ROHIT COMMUNITIES
118 Cy Becker Blvd. 10 ELEMENTS AT MCCONACHIE BY CARLISLE GROUP
167 Ave. & 53 Street 11 SAVIDA BY LANDMARK COMMUNITIES
3650 - 139 Avenue NW
BY ROYAL WEST HOMES
175 McConachie Dr.
NORTHEAST EDMONTON | Call Debbie 780.473.9143
FI N A L
SE LL O F F!
elementsbycarrington.ca Please see our ad on the inside back cover
2 BDRM CONDOS FROM THE $180’S 1196 HYNDMAN ROAD (Off Victoria Trail, Second right on Hyndman Crescent) NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 45
NEW SHOW HOMES NOW OPEN
ASK ABOUT OUR IMMEDIATE POSSESSIONS
L
THE RADIANCE IN EAUX CLAIRES
ocated at the corner of 95th street and 160th avenue, Footprint Developments presents their exciting new condominium and townhome development in Eaux Claires. Ideally situated just off 97 street, the Radiance is the ultimate home choice for buyers who are looking for convenient, urban style living with an exceptional location. Residents of the Radiance will find themselves surrounded by an abundance of first-rate amenities, including supermarkets, banking, restaurants, schools, and much more. This charming northwest neighbourhood provides access to major roadways that are only minutes away, including the Anthony Henday, allowing for quick and easy commutes in and around the city. Offering two styles of homes to choose from, condos and townhomes, the Radiance development presents numerous home size and pricing options that are sure to suit an array of lifestyle needs. Each Radiance product offers buyers the added benefit of energy efficiency. Built Green, these homes were designed with the environment in mind and have been engineered to maximize efficiency and reduce waste. Each home features double pane windows, energy efficient appliances, low VOC paint, and several other environmental conscious features that add value and plenty of appeal to the property. The four storey condominium building features a modern exterior with brick accents and aluminum cladding. A heated underground
46 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
parkade provides homeowners with safe and secure parking, also ensuring vehicles are warm and snow-free throughout the winter season, while ample visitor parking offers guests convenient access to the main entrance. Spacious common areas, plus pressurized and air conditioned corridors, enhance the building’s comfort. A video security camera entrance system allows for a secure entrance into the Radiance condominiums, providing peace of mind for all residents. Suites range from 601 – 1,168 square feet and are available in one bedroom plus one bath and two bedroom plus two bath options. There are ten floor plans to choose from, including limited availability for a three bedroom plus two bath floor plan option. Each suite features an open
NORTHEAST
concept floor plan with upgraded laminate flooring throughout. A designer lighting package and quartz kitchen countertops compliment the modern design of the suites. Stainless steel appliances, three inch baseboards and Decora style light switches all increase the visual appeal within these beautiful homes. Plus, an in-suite laundry and storage area with stacking washer and dryer offers added convenience. Each home also features a covered balcony allowing homeowners to utilize their outdoor space throughout the year. Radiance townhomes offer spacious home living with the all the benefits and convenience of condo amenities. Perfect for consumers who are looking for multi-level living space, these two storey homes combine urban style and private living. Each three bedroom home offers an extensive list of features, including an oversized two-car garage with flex space, a large balcony with gas BBQ outlet, and beautifully finished exterior with stone accents. The front yards are also expertly landscaped and completed with trees and shrubs. The townhomes’ interiors have been designed with contemporary luxury in mind. Stylish lighting and 8 foot ceilings enhance the open concept style that is presented. An exceptionally spacious kitchen ASK ABOUT OUR NEW PROJECT
THE STRAND IN ROSENTHAL
PERFECT FOR CONSUMERS WHO ARE LOOKING FOR MULTI-LEVEL LIVING SPACE, THESE TWO-STOREY HOMES COMBINE URBAN STYLE AND PRIVATE LIVING features a wrap-around design with a decorative 6” high tile backsplash. Modern flat panel kitchen cabinets and a stainless steel double sink ensure you have plenty of space to cater to family and friends. Five black or white appliances are included with the home, with the option to upgrade to stainless steel. Each townhome has been designed to allow for the most effective use of space and with convenient home living in mind. All bedrooms and living areas feature TV and telephone outlets – ready for use right when the homeowner moves in. With over 67 years of residential and commercial development experience, the Footprint Developments Management team have the knowledge and expertise in creating exceptional apartment condominium, duplex, and townhomes that fit the needs of home buyers. Specializing in efficiently designed homes, Footprint developments provide home buyers with a quality product that features energy efficient technology and convenient designs. Phase one condos at the Radiance are sold out! Phase two is now over 60% sold with prices starting in the upper $100s. Townhomes are in high demand at the Radiance with townhomes in phase one of the development almost completely sold out! Sales are also strong in the second phase of the project and with townhome prices starting from the mid $200s this is definitely an opportunity you won’t want to miss out on! For more information or to learn more about the condominiums and townhomes at The Radiance visit their website at www.radiancecondos.ca or call Suzie at 780.940.1803. Visit the sales centre at 9505 160 Avenue NW, Monday to Thursday from 3 to 8pm. Saturday, Sunday, & Holidays from 12-5pm.
SELLING FAST!
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 47
S OME H W G SHO SPRIN N OPE
Own your Own Home for as Low as $1,250 per Month! That’s it. When you put 5% down on a brand new town home at Topaz, by Park Homes, you have nothing more to pay until you take possession. Topaz continues the success of our highly popular Signature Series of two and three bedroom townhomes: Elegant exteriors with charming window boxes; interiors designed for contemporary living; warm laminate flooring; gourmet kitchens with quartz countertops; elevated nine foot ceilings on the main floor – and every home has an attached double garage!
Prices start at $267,900 incl. GST Pre-sale Centre and show homes can be Viewed at Mirra at Poplar Lake 70 – 8315, 180 Ave Telephone: 780.472.7544 Mon to Thurs: 3 – 8pm Weekend & Holidays: Noon – 5pm
topaz.parkhomes.ca follow us on
and
CRYSTALLINA NERA
i d . l i fe v i v . h s e r f
style
AMAZING CONDOS from $156,900 inc. GST
Savida is a stylish new condo community in a prime location right beside the brand new Clareview Rec Centre. It’s a fun, fresh and beautiful new set of buildings at an exciting price point for first time home buyers. Savida features ten brilliantly laid out floor plans – from one bedroom to two bedrooms plus den.
3670 - 139 Ave NW | 780-701-3093 SAVIDA@landmarkgroup.ca
LIVEatSAVIDA.ca
It’s also just a short walk to the LRT and a variety of amenities, including shopping and restaurants. If you’re ready to buy your first home and want a fresh vivid lifestyle – then Savida is an amazing place for you: 5% down payments start at only $7845* with monthly mortgage payments of $755*! *Based on a $150,000 mortgage with a 2.69% 5-year fixed rate with a 25 year amortization, and including CMHC fees. Rates subject to change.
PROUDLY BUILT BY
MORTGAGE ADVICE
The overnight lending rate stays put, for now... By Alyssa Richard
T
he Bank of Canada recently announced it would leave its overnight lending rate at 0.75 per cent – for six more weeks, anyway. The rate has sat at this position only since Jan. 21, when the central bank made an unexpected rate cut, after holding it at one per cent for nearly 4.5 years. The drop of 0.25 percentage points in January came as a surprise, as most economists had been predicting the opposite would occur some time in 2015. It was the Bank’s way of attempting to shield highly indebted Canadians from the negative impacts in the energy sector, caused by the sharp drop in oil prices in the latter half of 2014. But it was also a signal for banks to drop their Prime rates, to stimulate the economy as a whole. The banks expressed concern that dropping their rates would cause Canadians to take on more debt they couldn’t afford to repay, versus help those who were feeling the pinch, so initially they chose not to budge. Eventually, they all dropped their Prime rates by 0.15 per cent, from three per cent to 2.85 per cent, but none have made a full 0.25-percent cut, as suggested by the central bank’s move. According to our mortgage calculator, the additional 0.10 per cent that’s missing could lower our best five-year variable rate from two per cent to 1.9 per cent, which would result in a savings of $18/month or $1,080 over five years on a $400,000 home (the average price in Canada), with 10 per cent down and a 25-year mortgage. That may not sound like much, but it hurts to think about, when you know the banks have control and are choosing not to make a move. 50 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
All of this is to say that some people predicted the Bank of Canada would further cut the overnight lending rate at its latest announcement, potentially by an additional 0.25 per cent. However, Governor Stephen Poloz noted that data from 2014 suggests we’ll see stronger growth in non-energy exports and investments in 2015, and the central bank wants to wait and see how the economy responds to the first rate cut of the year, before making any further moves. So, the overnight lending rate – and therefore Prime rates and your variable mortgage rates – are going to stay put. For now. But if the economy declines, we may see another cut. And if things continue to get better, we may see it go back up to one per cent – or more.
Alyssa Richard is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
SherwoodPark Hwy. 16
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4
Lakeland Dr.
ver Bar Rd. Clo
Pa lisa
6
Jim Commo nD r.
Baseline Rd.
Beauvista Dr.
14
Wye Rd.
1
Sherwood Park Fwy.
PRINCETON COURT
.
Wye Rd.
Range Rd. 232
MAP LISTINGS
Range Rd. 233
14
21 d Blv
TO EDMONTON
Brentwood Blvd.
ood Dr. Sherw
Grana d
6 ASPEN TRAILS DUPLEXES
BY GRANDE DESIGN
BY ROHIT COMMUNITIES
301 Palisades Way
100 Axbridge Gate
2 CREEKSIDE VILLAGE IN SUMMERWOOD BY QUALICO LIVING
Summerwood Blvd. off Clover Bar Rd. 3 ELEMENT LOFTS & FLATS BY QUALICO LIVING
41 Summerwood Blvd. 4 LAKELAND RIDGE BY LANDMARK COMMUNITIES
219 Charlotte Way 5 CENTRE IN THE PARK BY CHRISTENSON COMMUNITIES
2021 Sherwood Dr.
7
a
14X
Sherwood Dr.
Broadmoor Blvd.
5
2 9 3 10
7 ESTATES AT SUNVIEW LANE BY QUALICO LIVING
5300 Sunview Lane 8 ETON PARK VILLAS BY CHRISTENSON COMMUNITIES
Emerald Hills Aspen Trail & Eton Blvd. 9 ASPEN TRAILS BY ABBEY LANE HOMES
Axbridge Gate off of Lakeland Dr. 10 SUMMERWOOD DUPLEXES BY ROHIT COMMUNITIES
100 Axbridge Gate
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 51
IN THE NEWS
Edmonton home sales down, but prices are up
E
dmonton home prices are up in the first quarter of 2015, according to the latest Royal LePage House Price Survey. Detached bungalows showed the strongest gain, with the average price increasing 6.8 per cent year-overyear to $364,906. Meanwhile, twostorey homes gained 5.5 per cent to an average price of $391,378 and condos rose 3.1 per cent to $231,093. “The widely reported and much talked about drop in oil prices has affected the number of homes sold rather than average prices in Edmonton,” says Tom Shearer, broker and owner of Royal LePage Noralta Real Estate Inc. “Concern over the stability of the economy and employment has caused many who were planning on buying or selling a home to get on the fence and wait it out. As such, sales activity is down significantly compared to this time last year.” According to Shearer, inventory heading into the important spring market is up by approximately 2,000 units compared to this time last year. “Pent up demand from homebuyers and an influx of houses on the market are setting the stage for an active and healthy spring market,” he adds. Nationally, Canada’s real estate market is experiencing a soft landing, characterized by slower-than-normal home price increases. Much higher price increases were observed in
52 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
the country’s two largest urban markets, which combined to send the national average values upwards, partially obscuring the broader national trend. During the quarter, the average price of a home in Canada rose between 3.8 and 6.6 per cent year-over-year in the first quarter. When broken out by housing type, the survey showed a year-over-year average price increase of 5.3 per cent to $451,463 for standard two-storey homes, while detached bungalows rose 6.6 per cent to $405,895. During the same period, the average price of standard condominiums climbed 3.8 per cent to $261,782. The steady softening of prices in most markets across the country was first observed in the mid-year 2014 Royal LePage House Price Survey. In recent months, two unanticipated factors disrupted the natural housing price cycle: the steep decline in oil prices late in 2014, and the Bank of Canada’s subsequent reaction of lowering the overnight rate early in 2015. “Canadian homebuyers, with the last decade’s recession still top of mind, have been very sensitive to shifting, broad economic factors. The oil shock has been unsettling for the national economy, consumer confidence and by extension, the housing market,” says Phil Soper, president and chief executive, Royal LePage. “That said, lower prices at the pump and the confidence-boosting move by the central bank to lower interest rates have been supportive. With these factors combined, we have a soft-landing for housing after several years of robust expansion. We define a soft-landing as a market in which home prices are flat or increasing slightly, giving the economy and family incomes, a chance to catch up. “On balance, we believe we will not be seeing the kind of appreciation observed over the last three years any time soon, as markets work through the current cycle and align with broader economic conditions,” Soper continues. “In terms of downside risk, we do not foresee a sharp decline in home prices, particularly in today’s low interest rate environment.”
lvd .
Leduc
4
50 Ave.
48 St.
2
50 St.
Grant MacEwan Blvd.
High way 2
rt B Bridgepo
Telford Lake
3
Black Gold Dr. Black Gold Dr.
Dr. Park South
St. 50
1
Hig hw ay
Rollyview Rd. 2A
Dr. Southfork 5
Simpkins Wynd
6
MAP LISTINGS
1 WINDROSE
3 ROYAL WEST HOMES 81 Acacia Circle
BY LANDMARK COMMUNITIES
61 Windrose Drive
4 SUNTREE POINTE
2 THE SPRINGS AT BRIDGEPORT
BY DAYTONA HOMES MASTER BUILDER
133 -142 Selkirk Place
BY CHRISTENSON COMMUNITIES
102 Bridgeport Crossing
5 THE RUSHES OF SOUTHFORK BY HUNTER RESIDENTIAL DEVELOPMENTS
401 Southfork Drive 6 SOUTHFORK STREET TOWNS BY HOMES BY AVI
419 Simpkins Wynd
WELCOME TO LEDUC
The City of Leduc, a thriving Industrial, Commercial & Agricultural Community continues to experience growth and expansion. A great place to call home! POPULATION 15,000 and growing “Small city” living within minutes of “Big city” amenities LOCATED 20 kilometers south of Edmonton on Hwy. 2 SCHOOLS 7 Elementary, 2 Junior & 2 Senior High - Public, Private & Separate school systems GROCERY Variety of shopping
RECREATIONAL FACILITIES Black Gold Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library MEDICAL FACILITIES Full Service Community Hospital and Full Ambulance service PARKS & PATHWAYS 27 parks including Telford Lake, Fred John’s Park & Lions campground
For more information contact The City of Leduc (780) 980-7177
Affordability
THE
ADVANTAGE!
by HUNTER RESIDENTIAL DEVELOPMENTS
2 bedroom, 2 bathroom townhomes with attached garage from the mid-200s!
To book a viewing of the new show suites please contact Kit at 587-896-6107 EMAIL kit@rushesofsouthfork.ca WEB www.rushesofsouthfork.ca
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 53
7 Min. to Edmonton
Beaumont 1
Coloniale Way
Rue Montalet
44 St.
50 St.
57 St.
55 Ave. 52 Ave.
50 Ave. 2
43 Ave.
60 St.
3
30 Ave. Hwy 625
MAP LISTINGS 1
COVENTRY HOMES 50 Ave. & 57 St.
(Nisku Rd.)
2 GOUDREAU HEIGHTS BY CHRISTENSON COMMUNITIES
4900 - 62 St.
3 MONTROSE ESTATES BY SABA HOMES
3311 – 67 Street
WELCOME TO BEAUMONT Come visit us and discover why “Life Is Better In Beaumont” POPULATION Approximately 8,361 LOCATED 2 miles South of Edmonton on 50 Street SCHOOLS 5 Schools from Kindergarten to Grade 12, French Immersion offered in all GROCERY Sobey’s & Extra Foods RECREATIONAL FACILITIES Beaumont Regional Activities Centre and numerous outdoor facilities For more information call (780) 929-8782 or visit www.town.beaumont.ab.ca
54 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
MEDICAL FACILITIES 10 minutes to Grey Nuns Hospital, seved by Edmonton Ambulance PARKS & PATHWAYS Approximately 170 acres of parkland and 6 kilometers of interconnected walkways
SouthEastEdmonton North Saskatchewan River
106 Ave.
101 Ave.
BASELINE RD.
98 Ave.
90 Ave.
ood Park Fwy. Sherw
17 St.
d. rR pe Ro
86 St.
63 Ave.
75 St.
. Rd yll Arg
50 St.
99 St.
76 Ave.
34 St.
83 St.
Whyte - 82 Ave.
Whitemud Fwy.
51 Ave.
38 Av e.
39 Ave.
8
43 Ave.
34 Ave.
Millwoods Rd.
91 St. Calgary Trail North QE II
4 1 23 Ave.
9 6 10 2 11 7
91 St.
66 St.
Parsons Rd.
3
50 St.
Anthony Henday Dr. 216
101 St.
MAP LISTINGS
4
30 St.
5
Ellerslie Rd.
41 Ave.
1 CHARLESWORTH
7 ELEMENTS AT WILLOWHAVEN
BY LANDMARK COMMUNITIES
5503 - 3 Ave. SW
BY CARRINGTON COMMUNITIES 5521- 7 Avenue SW
8 ASPEN MEADOWS
2 REVV
BY LANDMARK URBAN LIVING
BY INFINITY HOMES 1480 Watt Drive
43A Ave. & 23 St.
3 WALKER LAKE LANDING BY CARLISLE DEVELOPMENTS
Corner of Welsh Dr. & Watt Blvd SE 4 TAMARACK BY LANDMARK COMMUNITIES
655 Tamarack Rd. 5 LARKSPUR LANDING BY ROHIT COMMUNITIES
2845 - 43 Ave NW
9 SOUTHERN SPRINGS BY PARK HOMES
655 Watt Blvd. 10 THE EDGE IN ELLERSLIE BY DAYTONA HOMES #44, 6520-2 Avenue SW
11 THE VILLAGE AT WALKER LAKES BY LANDMARK COMMUNITIES 804 Walsh Drive SW.
6 AURORA BY MELCOR HOMES 1090 & 1092 Watt Promenade SW
SOUTHEAST EDMONTON | Call Naveshni 587.521.1444
elementsbycarrington.ca Please see our ad on the inside back cover
CONDOS FROM THE $150’S 5521 – 7TH AVENUE SW NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 55
where are south edmonton’s
PRIME NEW CONDOS? STONEHAVEN Ⅰ
Discover Stonehaven: South Edmonton’s finest new condominiums proudly built by Landmark Homes in the Village at Walker Lakes. Enjoy a community designed with a unique blend of style and earthy innovation. Stonehaven is the perfect place for professionals and downsizers to stay current with their lives and culture while putting down strong healthy roots. It’s in a prime South Edmonton location – close to amazing shopping, abundant restaurants, and myriad other amenities. And with seven unique
CONDO SALES CENTRE 812 Welsh Drive SW 780-701-3086 | stonehaven@landmarkgroup.ca
56 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
floor plans to choose from, Stonehaven has a style for everyone. Each suite features quality craftsmanship, a gourmet open concept kitchen with stainless steel appliances, and many designer finishes to choose from. Underground heated parking is also available, and units come with plenty of storage. Stonehaven’s sales centre is now open at 812 Welsh Drive SW, just off Ellerslie Road. Visit us today to learn more and reserve your suite.
Current. Cultured. Rooted.
PROUDLY BUILT BY
theVWL.ca
IN THE NEWS
AND THE FINALISTS ARE...
T
he Canadian Home Builders’ Association – Edmonton Region (CHBA-ER) has announced the 2015 Awards of Excellence in Housing fi nalists in the following categories: SingleFamily, Multi-Family, Renovation, Sales Centre, Advertising, Development, Leadership, Environmental, Builders Choice, Sales Volume and Sales People. The Awards of Excellence in Housing celebrates the creative design and craftsmanship of Edmonton Region builders and renovators, and recognizes excellence and professionalism in the field of sales and marketing within the home construction industry.
Every year at this time, the industry honours the best of the best, and this year’s entries are no exception. The Awards of Excellence in Housing represent the industry’s finest, reflective of the hard work, dedication, and success of the members of the CHBA-ER. The winners in all categories will be announced on April 25 at the Awards of Excellence in Housing Gala at the Shaw Conference Centre, with this year’s theme being Bollywood. Read on for a listing of the 2015 CHBA - Edmonton Region Awards of Excellence in Housing finalists. Congratulations to all, and good luck!
To learn more about the CHBA – Edmonton Region, visit chbaedmonton.ca. For a full list of Awards of Excellence in Housing finalists, visit online at excellenceinhousing.ca. NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 57
2015
AWARDS OF EXCELLENCE IN HOUSING
Advertising Awards
Best Print Advertising Dolce Vita Homes - Mike Holmes & Dolce Vita Hopewell - It’s Already Here Hopewell - Inspires the Get-Together Parkwood Master Builder - At Parkwood, we start with YOU Rohit Communities - Forever Home] Best Radio Commercial Daytona Homes - Home Sweet Home Jayman MasterBUILT - Ready Set Move Rohit Communities - Forever Home Rohit Land Development - Up, Up and Away Sterling Homes (Edmonton) Ltd. - Big Man Best Digital/Media Campaign/Mobile APPS Beaverbrook Development - Beaverbrook: Beat The Bell Canada Lands Company - Real Edmonton Home Hunters Carrington Communities Condo Benefits with Kelsey and Kevin Connect Homes - Elevated and Accelerated Rohit Communities - Forever Home Best Direct Mail / Email Promotion Infiniti Homes - Plain Jane Parkwood Master Builder - Villas on the Ravine Rohit Communities - Caught Working Safe Rohit Land Development - Up, Up and Away Sterling Homes (Edmonton) Ltd. Orchards Basement Development Best Indoor / Outdoor Advertising Canada Lands Company - I Love The Village Carrington Communities - Vibe Digital Billboard Dolce Vita Homes #DolceVitaSelfie Homes by Avi - The Party Walton Development and Management L.P. This bathroom is Not Amazing Best Brochure Package All Weather Windows - Torrefied Doors Alldritt Land Corporation LP - Granville Augusta Fine Homes - Corporate Branding Package Carrington Communities - Vibe Brochure Habitat Studio - Building Your Vision Homes by Avi - Lifestyle Packages 58 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
Best Website Absolute Hardwood Flooring - absolutehardwood.ca Carrington Communities - vibecondos.com Carrington Communities - elementsbycarrington.ca Kanvi Homes - kanvihomes.com Parkwood Master Builder - parkwoodmasterbuilder.com
Sales Awards
Rookie of the Year - Single/Multi-Family Bedrock Homes - Chantelle Beuerlein Coventry Homes - Tina Ellis Dolce Vita Homes - Mouhamad Tarbine Homes by Avi - Kellen Kunyk Pacesetter Homes - Paul Singh Sales Person/Team of the Year - Multi-Family Carrington Communities - Kathy Douglas Pacesetter Homes - Dan Gibson Rohit Communities - Kim Johnson Rohit Communities - Lynn Ly Sterling Homes (Edmonton) Ltd. - Faye Boxrud
Leadership Award All Weather Windows Daytona Homes Habitat Studio Jayman MasterBUILT Parkwood Master Builder Rohit Group of Companies Sterling Homes (Edmonton) Ltd.
Multi Family Best Model
Best Multi-Family Apartment Style under $250,000 Carrington Communities - Cobalt Carrington Communities The Carnaby StreetSide Developments - Hopkins Best Multi-Family Apartment Style $250,000 to $325,000 Carrington Communities - Infuse StreetSide Developments - McCarran Carrington Communities - Mulholland Best Multi-Family Apartment Style over $325,000 Christenson Developments Ltd Model 2A2-m Christenson Developments Ltd Floor Plan B StreetSide Developments - Vanier K Best Multi-Family Townhouse Duplex under $300,000 Alquinn Homes - Burke Connect Homes - Declan Duplex AA Homes by Avi - The Tristan Pacesetter Homes - Glenmore UrbanAge Homes Inc. - KickFlip Best Multi-Family Townhouse/ Duplex $300,000 to $330,000 Bedrock Homes - Albany Daytona Homes - Lumina II Jaya Homes - Lark 22 Jaya Homes - Summit IV Park Homes Ltd. - B3
Best Multi-Family Townhouse/ Duplex $330,000 to $375,000 Parkwood Master Builder - Lexington Parkwood Master Builder - Hamden Rohit Communities - Maddox Sterling Homes (Edmonton) Ltd. Solution White Eagle Homes Ltd. The Emerald Best Multi-Family Townhouse/ Duplex $375,000 to $450,000 Brookfield Residential - Palazzo Entry #2 Brookfield Residential - Palazzo Entry #1 Coventry Homes - Aurora Burrard Coventry Homes - Maplecrest Cliffton Kimberley Homes - Core Best Executive over $450,000 Kimberley Homes - Intrigue Kimberley Homes - Edge A Parkwood Master Builder - Salerno Parkwood Master Builder - Palermo
Best Multi-Family Apartment Building Carrington Communities - Waterstone Christenson Developments Ltd Bedford Village Christenson Developments Ltd Glastonbury Mews StreetSide Developments - The Vanier StreetSide Developments Elements Lofts and Flats Best Multi-Family Townhouse/Duplex Project Brookfield Residential - Mosaic Vista Brookfield Residential - Novus Pacesetter Homes Dansereau Meadows Rohit Communities - Elements Starling Tapestry Developments Tapestry Larch Park
Best Sales & Information Centre
Best Sales & Information Centre Multi-Family Carrington Communities Queen Mary Park Carrington Communities - Griesbach Pacesetter Homes - Laurel Crossing Rohit Communities - Aspen Trails Sterling Homes (Edmonton) Ltd. Tamarack Common
QUICK TIPS
Solving the “stuff” problem By Hellen Buttigieg
T
he closets are full. The junk drawer is overflowing. The piles have piles, and the storage space is full too. You need it all, you just don’t have enough space to put it. Or do you need it all? Take a closer look and separate ‘need’ from ‘obligation’, ‘sentimentality’ and ‘just in case’. You may find you have the space to store what you need. You’ll just have to dig deep to find the strength to free yourself of the rest. After all, do you own all that stuff – or does it own you?
Let go of ‘obligation clutter’ This refers to the stuff we hold on to because we feel a sense of duty. It can be gifts, heirlooms we’ve inherited, or things we’re saving for our kids. If you are holding on to any of these, you have permission to let them go, and here’s why: » You have no duty to keep gifts forever. The last thing the gift-giver would want is for their gift to become a burden. » It can be emotionally taxing to part with inherited items, but there are more meaningful ways to honour a person’s memory than keeping all their stuff. Releasing a loved one’s belongings doesn’t betray the memory of the person. It’s a bit easier with time, so take the time you need. » If you’re keeping things for your children, consider asking them if they are even remotely interested in having them. Remember, they will have their own tastes.
3 | “I paid a lot of money for it.” You feel guilty every time you look into your closet and see it hanging there, so let go of the shame. 4 | “I wore it on my first date.” Don’t let sentimental items take up closet space. That’s like allowing the past to crowd out the present. Take a picture and let it go. 5 | “Someone bought it for me.” They’ll never know that you got rid of it, and even if they find out, they’ll understand. 6 | “It needs repairs.” Set a deadline and let it go if you miss it. 7 | “I need it just in case.” This is probably the top excuse I hear, and it is based on fear. Be brave – unless you can find a specific reason to hold on to something, find the courage to let it go.
Off-load off-site storage If you are paying a hefty monthly bill to store your belongings off-site in a rented storage container, it’s time to reconsider its value. Out of sight is usually out of mind. If you are not using the items, it may be beneficial to sell them or give them away. The money spent storing the stuff over a long period of time often exceeds the value of those items. Liberate your linen closet Let go of the sheets and towels that are torn, stained, or stored just in case. You really only need one extra set of sheets for each bed. Fold pillowcases and fitted sheets into their matching flat sheets so that the set stays neatly together. Don’t let excuses keep you stuck When editing your closet, you’ll make all kinds of excuses to keep things. Here’s are the most popular excuses I’ve heard, and my response to them: 1 | “It will come back in style.” Yes, it will. But the fabric and cut will be different and everyone will know you’ve been holding on to it since 1978! 2 | “It will fit once I lose weight.” You may lose weight in different places and it may still not fit. It may go out of style by the time you lose the weight. Reward yourself for your weight loss by buying new clothes.
60 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
Hellen Buttigieg is a certified professional organizer, life coach, TV host and owner of We Organize U. Visit her website, WeOrganizeU.com, or email Hellen at info@WeOrganizeU.com
SouthWestEdmonton 51 Ave.
105 St.
119 St.
40 Ave.
SOUTH
WHITEMUD DR.
34 Ave.
Rabbit Hill Road
2
19
11Saddleback Rd.
9 Ave.
MacEw an Road
13
127 St.
141 St.
21
James Mowatt Tr.
Ellerslie Road
16
23 Ave.
Blackburne Drive
2
Ellerslie Rd.
3 18
9 8
4
Anthony Henday Dr.
30 Ave.
6
50 St.
10 14
19 Ave.
91 St.
20
17
Parsons Rd.
15 7
Dr.
101 St.
Ha dd ow
14
91 St.
23 Ave.
66 St.
1
Calgary Trail North QE II
Lansdowne Dr.
104 St.
Belgravia Rd.
111 St.
North Saskatchewan River
Ter will ega rD r.
ay Dr. y Hend Anthon
Riverbend Rd.
Fox Dr.
113 St. 109 St.
76 Ave.
QUESNELL BRIDGE
41 Ave.
MAP LISTINGS 1 THE LEGER BY BRASS III DEVELOPMENTS
625 Leger Way 2 WINDERMERE WATERS BY WESTRICH PACIFIC CORP
1290 Windermere Way 3 VISTAS AT CALLAGHAN NORTH BY ROHIT COMMUNITIES
2632 Bowen Way SW 4 ATRIA BY PARK HOMES
2803 James Mowatt Trail 5 ALLURE
6 ALLARD TOWNHOMES BY ROHIT COMMUNITIES
675 Allard Blvd SW 7 WINDERMERE MANSIONS BY WESTRICH PACIFIC
1350 Windermere Way SW 8 TERWILLEGAR INSPIRATIONS #19, 840 – 156 Street 9 ELAN BY CARRINGTON COMMUNITIES
1144 Adamson Dr SW 10 ELEMENTS AT WINDERMERE BY CARRINGTON COMMUNITIES
340 Windermere Rd.
BY CARRINGTON COMMUNITIES
4042 MacTaggart Dr
11
MAGRATH GREEN BY LANDMARK COMMUNITIES
2003 Rabbit Hill Rd. 12 CREEKWOOD LANDING BY CARLISLE GROUP
11804 - 22 Ave SW 13 E’SCAPES BY CARRINGTON COMMUNITIES
11080 Ellerslie Road 14 REGENCY AT WINDERMERE BY ROYAL CANADIAN DEVELOPMENT INC.
723-172 St (In Langdale) 15 THE SIGNATURE BY WESTRICH PACIFIC
5151 Windermere Boulevard
16 GLENRIDDING HEIGHTS TOWNHOMES BY ROHIT COMMUNITIES
16003 10 Avenue SW (located off 170 and south of Ellerslie rd) 17 RAVINE POINT AT MACTAGGART RIDGE
20 SOUTH TERWILLEGAR BY PARK HOMES
4105 - 7323 South Terwillegar Dr. 21 LANGDALE TOWNHOMES BY ROHIT COMMUNITIES
704 176 Street SW
BY CAMBRIDGE MERIDIAN DEVELOPMENTS
5835 Mullen Place 18 SOUTH CALLAGHAN TOWNHOMES BY VOCO
Corner of Casselman Link & Cunningham Way SW 19 SPARROW LANDING AT LARCH PARK (NET ZERO TOWNHOMES) BY LANDMARK COMMUNITIES
7504 May Common
SOUTHWEST EDMONTON | Call Craig 587.520.6775
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
CONDOS FROM $234,900 1144 Adamson Drive SW NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 61
SOUTHWEST
in South Terwillegar Why would you rent in southwest Edmonton when you can own for less?
NOW SELLING! THREE FLOORPLANS TO CHOOSE FROM Brand New with Immediate Possession Priced under $260,000 includes GST
CHECK OUT OUR 3 SHOWSUITES
• • • • • • • •
All 2 Bedroom & 2 Bath Carriage Style Condos - separate entrances 1060 & 994 square foot units Stainless Steel Appliances Granite countertops Gas Fireplaces 1 year Free Shaw Internet & Cable On-site Financing OAC
Visit us at Showsuite: #19, 840 – 156 Street Showhome hours: Monday to Thursday 5pm to 8 pm. Saturday & Sunday 12pm to 5pm.
780.238.0023 www.terwillegarinspirations.com 62 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
Luxury the way YOU want it.
IATE IMMED IONS S S POSSE BLE AVAILA
From $499,900 Customizable bungalow and two-storey villas with walk-out basements onto the Blackmud Creek Ravine.
Anthony Henday 111 St
Ellerslie Road
James Mowatt Trail
Connelly Way 30 Ave Allard Link
780.717.7490 #6, 1030 Connelly Way SW VillasOnTheRavine.com
PARKWOOD DEVELOPMENTS
NOW PRE-SELLING DUPLEXES FROM $399,900 Village on the Lakes is Parkwood’s latest condo community in Rosenthal. Bordering on two lakes within one of west Edmonton’s newest premier communities, enjoy stunning lake and parkland views from walk-out bungalows and two storey homes.
ONLY 4 UT WALK-O WS O L A G BUN G IN REMAIN
Visit our Sales Centre at 3947 Ginsburg Crescent NW located in Granville or Call 780 914 2006 VILLAGEONTHELAKES.COM 63
SALES LAUNCH EVENT MAy 9 REGISTER FOR DETAILS TO ATTEND AT CarlisleGroup.ca
2 bEDROOMS FROM THE
HAVING TROUbLE SCORING?
$140’s
go to carlisle for a hat trick! DESIRAbLE LOCATION STyLISH DESIGN bEST VALUE ALbERTA’S #1 CONDO bUILDER
YOU QUALIFY WITH A HOUSEHOLD INCOME OF
$35,000
WITH PAYMENTS FROM
$688
ASk About our EASY DoWn PAYMEnt PlAn! *OAC based on 5% deposit, 3.19% interest amortized over 25 years.
MONTHLy*
SW EDMONTON
ST. ALbERT
pROjECT LOCATION
VD BL MANNING DRIVE
McCONACHIE DR
55 ST
McCONACHIE WAY
IE CH NA CO Mc
SALES CENTRE
22 AVE.SW
T AT OW M
L AI TR
ES M JA 30 AVE.SW
CALGARY TRAIL
SALES CENTRE
127 ST. SW
SALES CENTRE: 1060 McConachie blvd NW Edmonton
ELLERSLIE RD. (9AVE)
111 ST.
ST. ALBERT TRAIL VILLENEUVE RD.
ARTIST’S RENDERING ONLY
ANTHONY HENDAY DR.
28 R. YD DA EN YH ON TH AN
PROJECT LOCATION
SALES CENTRE: 102, 11803 - 22 Avenue SW Edmonton
167 AVE
ErinRidgeGate.ca 780.977.0616
HeritageValleyStation.ca 780.438.6693
SAlES CEntrE HourS: Mon -thurs 2-7 pm Sat, Sun &Holidays 12-5 pm • Closed Fridays
For immediate possessions visit CarlisleGroup.ca
80 OVE % R SO LD
IATE D E IMM SSION SE POS
High-Quality Homes Designed to Stand the Test of Time Atria by Park Homes – an exciting enclave of two and three bedroom town homes, set in the vibrant new Callaghan South community and destined to become a neighbourhood of choice for first time buyers and young families. Created in a timeless Georgian style, with elegantly proportioned architecture, well-designed front entry doors and charming window boxes. Contemporary interiors boast warm laminate flooring, gourmet kitchens with quartz countertops and elevated nine foot ceilings on the main floor – and every home has an attached double garage!
Prices starting from the $290’s incl. GST Designer Show Homes open at: 2803 James Mowatt Trail South West Edmonton Tel: 780.809.8580 Mon to Thurs: 3 – 8pm Weekends and Holidays: Noon – 5pm Closed Friday
atria.parkhomes.ca follow us on
and
SOUTHWEST
W
hen people think about the typical apartment-style condo in Edmonton they think about a 600–800 sq ft home. That’s why BRASS III’s new project, The Leger, will come as a pleasant and unexpected surprise. Designed for those who love the Riverbend area, who want the maintenance-free lifestyle that a condo offers, but who want lots of living space, The Leger delivers.
lion dollar Terwillegar Community Recreation Centre (with its pools, indoor track, gym, gymnasiums, ice sheets and indoor playground) and just a quick hop to the community’s main transit hub on 23rd Avenue. It’s also proximate to grocery stores, shopping, restaurants, cafes,
EXPECT THE UNEXPECTED AT the LEGER
66 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
doctors and other professionals, schools and golf courses. And being close to both the Anthony Henday and the Whitemud Freeway makes commuting quick and simple. There are a handful of floorplans to choose from, and suites start under $300,000. Now selling and possessions start in 2015. Of course, the sooner you get in the more choice you have on floorplans and units. So swing by the sales centre today at 625 Leger Way. For more information, you can also go to www.brass3.com, or call Troy Stenson from Re/Max River City at 780-918-0678 or 780-439-7000.
BRASS3.COM
BRASS III has an excellent reputation as a builder of choice in the Riverbend/Terwillegar area. They know the community, they know the amenities and residents, and they know how to build great projects (they’ve built over a dozen projects in the area to date). This is amplified at The Leger. The Leger’s 60 units range from two-bedroom, two-bathrooms, to two-bedroom plus den plus two bathrooms, and are between 1,250 and 1,550 sq ft. All units features nine-foot ceilings, premier finishings like hardwood and tile floors, granite countertops, seven appliances (stainless steel appliances in the kitchen) and oversized balconies. All homes are self-contained, too, with their own hot water tank and heating system, and in-suite laundry. The building will also have low condo fees because there are no common amenities in the building—other than the heated underground parking. Instead, resources are put toward towards elements like soundproofing and improved construction materials. The Leger is in a prime location, in the heart of Terwillegar. It is steps from the new multimil-
SUITE 106, 1550 SQ FT
DISCOVER THE
UNEXPECTED...
...DISCOVER
the LEGER
AN EXCITING NEW DEVELOPMENT BY
BRASS III LOCATED IN THE HEART OF TERWILLEGAR JUST STEPS TO REC CENTRE & TRANSIT STATION
NOW 60% SOLD
CONSTRUCTION HAS BEGUN Leger Blvd
Rabb
ay Leger W
TERWILLEGAR REC CENTRE
rR
TRANSIT STATION
LOCATED AT 625 LEGER WAY
REGISTER ONLINE FOR EXCLUSIVE UPDATES AND
Terwilleg
ar Dr
d
ay rW
ge
Le
23 Ave
• Only 60 Suites • Choose from 2 Bedroom or 2 Bedroom + Den • Large suites ranging in size from 1255 to 1550 sq ft
PROMOTIONS: BRASS3.COM
Leger Gate
ge
l Rd
it Hil
Le
SALES & MARKETING BY TROY STENSON, RE/MAX RIVER CITY CELL
780.918.0678 /
OFFICE
780.439.7000
68 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
213 St.
WestEdmonton Yellowhead Trail
124 St.
7 159 St.
87 Ave.
WHITEMUD FWY.
QUESNELL BRIDGE
69 Ave.
4 6
GROAT BRIDGE
142 St.
163 St.
170 St.
102 Ave.
9 2
149 St.
156 St.
178 St.
8 1
175 St.
182 St.
ANTHONY HENDAY
Rosenthal Blvd.
Stony Plain Rd. 100 Ave. 95 Ave.
199 St.
5 10
Stony Plain Rd.
107 Ave.
a en d. Bu ta R Vis
3
Winterburn Road (215 St.)
Secord Blvd.
Ma yfie ld
Rd .
111 Ave.
Callingwood Rd.
North Saskatchewan River
MAP LISTINGS
1 THE CALIFORNIAN PARKLAND BY ABBEY LANE HOMES
2035 Grantham Court 2 GROVENOR MANOR BY PELHAM MASTER BUILDER
10126 – 144 Street 3 SECORD CORNERS BY FOOTPRINT DEVELOPMENTS
9535 - 217 Street 4 STAFFORD GREENS BY ALDRITT HOMES
62 Ave & Getty Gate
5 JADE
9
BY CARRINGTON COMMUNITIES
1004 Rosenthal Blvd 6 GLASTONBURY MEWS & ESTATES 1589 Glastonbury Blvd
GLENORA SKYLINE 10220 - 140 Street
10 RENEW IN ROSENTHAL BY DAYTONA
1 &2 8209-217 Street NW
7 THE VANIER BY QUALICO LIVING
9820 165 Street 8 VIP AT CALIFORNIAN PARKLAND BY ABBEY LANE HOMES
2035 Granthan Court
WEST EDMONTON | Call Trent 780.426.1686
STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA
Please see our ad between pages 18 and 19
CONDOS FROM $191,900 1004 Rosenthal Boulevard NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 69
SpruceGrove H
ar 3 Rid vest g eD
r
3
Jennifer Heil Way
4
Vanderbilt Common 2
r ve D Gro est W
MAP LISTINGS
1
1 2
1 THE NEST
2 CENTURION TOWNHOMES
BY ROSTUM DEVELOPMENTS
BY PK DEVELOPMENTS 20 Vanderbilt Common
610 Calahoo Rd.
3 EDGEWATER VILLAS BY LANG BUILT HOMES
Just off of Harvest Ridge Dr
To Highway 16
StonyPlain Highway 16A, To Edmonton
47 Ave.
48 St.
52 Ave. 50 St.
South Park Dr.
44 Ave.
Golf Course Rd.
1
46 St.
To Jasper
Fairway Dr. 55 Ave. Oatway Dr. 3 2
79 Ave.
MAP LISTINGS
1 BARTH & GOSSET MANOR BY JAFFER DEVELOPMENTS
Main St - 5211 50th St
2 WESTERRA MANOR Golf Course Rd & 79 Avenue
3 WILLOWS END BY JAFFER DEVELOPMENTS
48 Street & Willow Park Rd
NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 05 | NEW CONDO GUIDE 71
SPRUCEGROVE
SHOW HOME OPENING IN MAY!
NEW ADULT VILLA PROJECT.... Lang Built Homes is excited to announce the start of construction on our New Adult community, Edgewater Villas, in Spruce Grove. We carefully choose this valuable location, in Harvest Ridge, because it borders both a park and a lake. Many of our Villas will include walk-out or daylight basements that back onto these amenities. Our customers have recognized the value of this property and have already responded by securing 12 of the 26 Villas being offered. Our homes, in Edgewater Villas, are designed to create a quiet and secure maintenance free community where residents own both the land and the home. This is the lifestyle you deserve, so we invite you to enjoy time for travel, with the security of knowing your home is being maintained and cared for.
72 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
Summer Possession Opportunity
Construction is underway on Lots 22 and 24 both of which open onto park area. These homes will be available for summer possessions and can still be personalized with the selection of interior finishes. Please call for more information and to set up an appointment.
HOMEBUYERS’ HELP
You love the condo, see what you can afford!
INTEREST RATES
Calculate your mortgage payments
Amortization Periods
% 5 YEARS
10 YEARS
15 YEARS
20 YEARS
25 YEARS
3.00
17.96
9.65
6.91
5.54
4.73
3.25
18.07
9.76
7.02
5.66
4.86
3.50
18.18
9.88
7.14
5.79
4.99
3.75
18.29
9.99
7.26
5.91
5.13
4.00
18.40
10.41
7.38
6.04
5.26
4.25
18.51
10.23
7.50
6.17
5.40
4.50
18.62
10.34
7.63
6.30
5.53
4.75
18.72
10.46
7.75
6.44
5.67
5.00
18.85
10.59
7.89
6.58
5.82
5.25
18.97
10.71
8.01
6.71
5.96
5.50
19.08
10.83
8.14
6.85
6.11
5.75
19.19
10.95
8.27
6.99
6.26
6.00
19.30
11.07
8.40
7.13
6.40
6.25
19.42
11.19
8.54
7.27
6.55
6.50
19.53
11.32
8.67
7.41
6.70
6.75
19.64
11.44
8.80
7.55
6.86
MONTHLY PRE-TAX INCOME
SPOUSE’S PRE-TAX INCOME
TOTAL PRE-TAX INCOME
DIVIDE BY THREE
AFFORDABLE MONTHLY PAYMENTS DIVIDED BY 12
AMOUNT OF MORTGAGE (PRICE-DOWN PAYMENT)
CHART FIGURE
AMOUNT OF MORTGAGE DIVIDED BY 1,000
AMORTIZATION AMOUNT
AMORTIZATION AMOUNT
ESTIMATED MONTHLY TAXES AND HEAT
MONTHLY PAYMENTS
Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse.
05 Multiply this figure by the amount you need to borrow. Divide by 1,000.
02 Divide by three. This figure is the monthly payment you can afford to make on your condo.
06 Add to this your estimated monthly heating costs and monthly property taxes.
03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.
04 Refer to the chart above. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)
Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.
HOMEBUYERS’ HELP
Compare mortgage rates for your best deal VARIABLE
6 MONTHS
1 YEAR
2 YEARS
3 YEARS
4 YEARS
5 YEARS
ATB Financial
2.350
4.000
2.940
2.640
2.640
2.740
2.840
Alterna Bank
2.450
4.000
2.980
2.980
2.980
2.940
2.780
Alterna Savings
2.450
4.000
2.980
2.980
2.980
2.940
2.780
Bank of Montreal (BMO)
2.850
4.000
2.890
2.840
3.390
3.890
4.740
Bank of Nova Scotia
2.850
4.550
3.290
3.090
3.390
3.890
4.490
CIBC Mortgages
2.850
4.450
2.890
2.840
3.550
4.140
4.790
Canadian Western Bank
3.050
4.000
3.140
3.040
3.650
4.200
4.790
Canadian Western Trust
3.050
4.000
3.140
3.040
3.650
4.200
4.790
Comtech Credit Union
-
6.200
2.890
2.890
2.950
2.990
2.790
First Calgary Financial
-
4.000
2.890
2.890
2.490
3.090
2.950
First National Financial
2.250
3.950
2.840
2.490
2.590
2.690
2.690
FirstOntario Credit Un.
2.850
4.240
2.990
3.040
3.190
2.990
2.790
HSBC Bank Canada
2.850
4.450
3.140
3.140
3.540
4.240
4.740
Home Trust Company
2.500
3.950
2.890
2.440
2.540
2.640
2.640
ICICI Bank Canada
3.050
-
3.150
3.650
3.640
3.690
3.690
Investors Group Trust
2.850
4.200
3.140
3.090
3.750
4.390
4.790
London Life
2.850
4.200
3.140
3.090
3.750
4.390
4.790
Manulife Bank
2.550
4.450
3.000
2.940
2.840
2.790
2.790
Manulife Trust
-
4.450
3.000
2.940
2.840
2.790
2.790
Meridian Credit Union
2.650
4.000
3.090
3.090
3.550
3.290
2.750
National Bank
2.850
4.400
2.890
2.840
3.390
3.890
4.740
Ontario Civil Service CU
3.000
6.000
3.090
3.040
3.500
3.040
3.290
-
5.000
2.890
2.590
3.390
3.890
4.740
-
2.700
2.900
3.000
3.100
3.200
-
4.500
3.150
3.500
3.750
3.850
3.950
President’s Choice Fin’l
2.850
6.190
3.190
2.840
3.490
4.040
4.440
Royal Bank of Canada
2.850
3.140
3.140
3.040
3.650
4.390
4.640
Servus Credit Union
-
4.000
2.890
2.840
3.390
3.890
4.640
Steinbach Credit Union
-
-
2.600
2.700
2.750
2.850
2.850
PACE Savings & Credit Un Parama Credit Union Peace Hills Trust
2.500
T-D Mortgage
2.850
3.140
2.890
2.840
3.390
3.890
4.740
Tangerine
3.000
-
3.190
3.240
3.490
3.690
3.790
Windsor Family C.U.
-
4.450
3.140
3.140
3.750
3.950
3.790
Your Neighbourhood C.U.
-
-
2.990
3.000
3.190
3.300
3.190
Rates are subject to change without notice. 74 NEW CONDO GUIDE | VOLUME 23 ISSUE 05 | NewHomeAndCondoGuide.ca
t u b , e c n ie c s t e k c o e m It ’s not r o s e s i m o r p t ’ n ! a d e v l we c o v n ei b t ’ n o w chemist r y
NEW
Northside Location
ELEMENTS MANNING! Elements Manning boasts close proximity to the new Manning Town Centre, which features shopping, restaurants and a movie theatre. Other amenities—like golf courses, parks, and walking trails—are also close by. The Henday and Yellowhead are easily accessible, too. Come see how affordable and convenient living can be!
Condos from the $150’s at one of AT our ELEMENTS MANNING locations below
FROM THE $150’s 5521 7 Ave SW 587.521.1444
ELEMENTS at MANNING NE
SE
ELEMENTS at willowhaven
COMING SOON!
Manning Drive & 114 Street 780.705.9035
sales hours Mon to Thurs 3PM -8PM Sat, Sun, holidays 12PM - 5PM Closed on Fridays
elementsbycarrington.ca
E LV D
DRIV
EBB
SB
NING MAN
B L VD
MIL LE R
FROM THE $180’s 1196 Hyndman Road 780.473.9143
NE
ELEMENTS at hermitage
FROM THE $160’s 340 Windermere Road 780.469.6976
SW
ELEMENTS at windermere
50 ST NW
WITH 4 CITYWIDE LOCATIONS, ELEMENTS BY CARRINGTON HAS SOMETHING FOR EVERYONE!
NW
153 AVE NW
ER
144 AVE NW
Manning Drive & 114 Street
780.705.9035
80% SOLD!
•
Cast-in-place concrete construction
•
Engineered hardwood floors, stainless steel appliances and overheight ceilings
•
Personalize your space with a complimentary interior design consultation
•
Convenient location close to shopping, dining and entertainment with quick access to the international airport and Nisku industrial park
Call Kathy today for the best suite selection and pricing!
• CONDOS FROM $254,330
SOUTHWEST Call Kathy at 780.756.2230 11080 Ellerslie Road
RUGBY PARK
Supported by
2014 CHBA-Edmonton Multi-Family Builder of the Year 2015 Awards of Excellence in Housing - 15 finalists in 11 categories
Sales Hours Mon to Thurs: 3pm – 8pm Sat, Sun & Holidays: 12pm – 5pm Closed on Fridays
ELLERSLIE RD
CALGARY TR
EXCELLENCE in HOUSING
111 ST
2014 Awards of
DR
GATEWAY BLVD
ANTHONY HENDAY
Showsuite Now Open! • 3 bedroom townhomes from 1,416 square feet •
Designer finishing packages available
•
Double car garage
•
Conveniently located near the new Meadows Community Centre and Edmonton Public Library
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Close to major shopping centres, Grey Nuns Hospital, and several future schools
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Quick access to the Anthony Henday, and neighbouring Sherwood Park and Beaumont
507 Albany Way | 587.520.3372
10604 - 116 Street NW | 780.705.1350
• BUILDING 2 NOW SELLING
• Flexible floorplans take open-concept living to the next level
• Exceptional landscaping with easy walkability to neighborhood amenities, parks and ponds
• Convenient downtown location, just minutes from the river valley, recreation, shopping, LRT, Grant MacEwan and NAIT
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EXCELLENCE in HOUSING
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2014 Awards of
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• STARTING FROM $193,900
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• Convenient access to St Albert and the Henday
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• Stainless steel appliances and full-height backsplash
• Ultra-modern studio, one and two bedroom suites • Ample amenities to extend your living space • STARTING FROM $165,900
South East | Call Christine at 780-756-8144 1632 33A Street Sales Hours: Monday - Thursday: 3pm - 8pm Saturday, Sunday & Holidays: 12pm - 5pm Closed on Fridays
2014 CHBA-Edmonton Multi-Family Builder of the Year 2015 Awards of Excellence in Housing - 15 finalists in 11 categories
Supported by
17b Ave NW
32 St NW
33B St NW
34 St NW
16B Ave NW 16a Ave NW
• CONSTRUCTION UNDERWAY
• CONSTRUCTION UNDERWAY
• Located in North West Edmonton’s most desirable new neighbourhood, Village At Griesbach, which features four lakes, a 24 acre central park, a childrens playground and much more
• Located in the Uplands of Mactaggart, Allure boasts close proximity to stunning natural spaces, fabulous amenities, as well as the Anthony Henday and Whitemud Drive
• 9’ ceilings on all floors
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• STARTING FROM $213,900
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• Secure, heated underground parking with storage
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4042 MacTaggart Drive NW | 780.756.2230
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508 Griesbach Parade NW | 780.760.2002
• Cast-in-place concrete construction • Double, triple, and quadruple underground parking garages available • STARTING FROM $664,986
Building dreams come true for over 40 years! WITH LOCATIONS THROUGHOUT EDMONTON – CARRINGTON HAS SOMETHING FOR EVERYONE
CONDOMINIUMS
SW SE SW
*SEE OUR AD ON INSIDE BACK COVER PMS1545: 53M100Y72K 8583 metallic
PMS 2204: 32C2M7Y1K
DR GAR ILLE TERW
CEN NW NW NE
• STARTING FROM $234,900
SouthWest
• Ravine views available with some suites
LAUREL NOW OPEN 1632 33A Street 780.756.8144
IA T R TOR
30 AVE SW 25 AVE
DR
• Full-height backsplash, laminate floors and six appliances included
TOWNHOMES
WINDERMERE BLVD JAMES MOWAT TRAIL
91 ST
• Walking distance to a vibrant new town centre, future LRT station and recreational complex, Blackmud Creek Ravine and much more
FROM $175,900 6076 Schonsee Way 780.476.1137
ELLERSLIE RD 111 ST
• IMMEDIATE POSSESSIONS AVAILABLE!
23 AVE
FROM $213,900 508 Griesbach Parade NW 780.760.2002
northshore
1144 Adamson Drive SW | 587.520.6775
RABBIT HILL RD
HENDAY
valour
WHITEMUD DR 75 ST
FROM $193,900 507 Albany Way 587.520.3372
SHERWOOD PK FWY
ARGYLL RD
ROSENTHAL BLVD
aviva
ANTHONY
WHYTE AVE
WHITEMUD DR
vibe FROM $165,900 10604 - 116 St NW 780.705.1350
75 ST
FROM $187,900 Savaryn Drive SW and 25 Ave 780.761.3144
T TR LBER
ara
• STARTING FROM $187,900
142 ST
FROM $664,986 4042 MacTaggart Dr NW 780.756.2230
YELLOWHEAD TR ST A
allure
• Contemporary wood cabinets in designer colours and full-height ceramic subway-style backsplash in kitchen
VIC
W SW SW
FROM $234,900 1144 Adamson Dr SW 587.520.6775
ANTHONY HENDAY DR
• Laminate flooring throughout suite entry, kitchen, living and dining areas
Élan
66 ST
FROM $254,330 11080 Ellerslie Road 780.756.2230
82 ST
• Access to summer and winter fun in Edmonton's first and only recreational lake community
167 AVE
*
97 ST
e’scapes
WINTERBURN RD
SouthEast
FROM $191,900 1004 Rosenthal Blvd 780.426.1686
• Located in desirable Summerside
Mon–Thurs 3pm–8pm Sat, Sun, holidays 12pm–5pm Closed on Fridays
ALBANY WAY
jade
SAVARYN DRIVE SW AND 25 AVE | 780.761.3144
• A winter wonderland bringing with it the promise of skating, cross-country skiing and sledding
sales hours
1004 Rosenthal Blvd. | 780.426.1686 • CONSTRUCTION UNDERWAY • Convenient access to the Anthony Hendaynd Whitemud Drive • 9' ceilings on all floors
• Secure, heated underground parking with storage
West
• Laminate floors, full-height backsplash, and stainless steel appliances
• Two-storey lobby • STARTING FROM $191,900
P R I N T L O G O A P P L I C AT I O N
6076 Schonsee Way | 780.476.1137
Call or visit one of our sales centres for more information! Condos from the $160’s
For complete promotion details please contact a sales associate or visit one of our sales centres. Terms and conditions apply. Some locations or suites may be excluded. Promotion may end without notice. Cannot be combined with any other offer. E & OE.
NorthEast
S I G N L O G O A P P L I C AT I O N
• CONSTRUCTION UNDERWAY • One bedroom, two bedroom, and two bedroom plus den suites available • Underground heated parking, laminate flooring, window coverings, and six appliances included • Just minutes from shopping, dining and many other amenities • STARTING FROM $175,900
ASK ABOUT OUR NEW PROJECT
THE STRAND IN ROSENTHAL
THIS COULD BE YOUR NEW VIEW! Condos from the high $100s Townhomes from the mid $200s Visit Our Sales Centre at 160 Ave. & 96 St. Monday through Thursday 3-8 PM Weekends & Holidays Noon-5 PM | Closed Friday
780.940.1803
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RADIANCECONDOS.CA