Mar 28 - Apr 25, 2014 Volume 17 Issue 4
MAKESENSE WAY inside MAKING OF INSIDE FOR SPRING! THISthis ISSUEissue MORTGAGE TERMS
001-NHCAL CVR_03-28-14.indd 1
TO CONSIDER AFEATURES BEGINNER’S GUIDE TO IN LOOKING FOR A HOME ARRANGING A MORTGAGE
MORTGAGETHE INSURANCE WELCOME NE W YEAR PREMIUMS ONATTITUDE THE RISE WITH A NE W
3/21/14 9:03:35 AM
DISCOVER THE
POSSIBILITIES!
IN NOLAN HILL
Visit us today and find out all that
WE HAVE TO OFFER in Nolan Hill!
LANED HOMES STARTING FROM THE
$380’s*
COMMUNITY HIGHLIGHTS:
Limited Opportunities Remaining!
• close to numerous shops, restaurants and medical clinics • nearby shopping such as Creekside
No showhome available
Shopping Centre, Beacon Hill Shopping Centre, Symons Valley Farmer’s Market, and CrossIron Mills Outlet Mall
MOVE-UP HOMES
• convenient access to Stoney Trail, Deerfoot Trail,
Select models & lots available
and Highway 1 • 20 minutes to Calgary’s International Airport
STARTING FROM THE
CALGARY
$470’s
144 Avenue NW
*
H ill
B lv d N
W
Nolanfield Road NW
il NW Tra
Sarcee Trail NW
N
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Symo ns Valle y R
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Total: 1738 sq. ft.
Showhome No
Riviera Showhome
Beacon Hill Shopping Centre
Stoney Trail NW
For more info call Dave at:
Showhome Hours:
403-536-2305
Mon - Thurs: 2 - 8 PM
Showhome Address:
Sat, Sun & Hol: 12 - 5 PM
34 Nolanfield Road NW Calgary
shanehomes.com
follow us:
*Starting from price includes house, lot and GST. Subject to change without notice. 03
VIEW OUR MAGAZINES ON ANY
DIGITAL DEVICE anytime, anywhere! Now you can view all New Home Guide magazines online using any smartphone, tablet or desktop device. Published by
NEWHOMEGUIDE.CA
purchase your new Sabal home before July 19th and you could win a
$20,000
grand prize*
it’s our
20
th
anniversary stylebration
and we’re giving you the gifts!
We’re kicking off our 20th anniversary year with a big thanks - more than 20,000 of them, to be specific to all those who trust their most important investment to Sabal. There are lots of other perks too, like a $2,020 gift card** to use for home upgrades. Because in our minds, every Sabal homebuyer’s a winner.
visit any uncommonly stylish Sabal show home in Calgary and area to learn more, or find details at sabalhomes.com/20years
your new home + Sabal style a winning combination!
*Contest closes July 19, 2014. Some exclusions and conditions apply. See show home or sabalhomes.com/20years for complete contest details. **Promotion ends February 28, 2015. Some conditions apply. See show home or sabalhomes.com/20years for details
05
contents
march 28 - April 25, 2014 || volume 17 issue 4
on the cover
p. 10
sabal homes
celebrates 20 years as an uncommonly stylish builder
in every issue
8
58
Editor’s note
The Homebuying Process Aspects to consider before buying a new home by Donna Moore
columnists
16 18 22
Calgaryism
Sink your teeth into Calgary’s foodie scene by Cody Battershill
Fundamentally Speaking Location, information and timing key to a new home
36 42
Insight
Spring has arrived
Interest
38
Sabal
The seasonal switch-up: make way for spring! by Hellen Buttigieg
44 46
Tax Time Tips
Is your lunch tax deductible? by George Dube
Make Your Move Do your research
Mortgage Mogul
Mortgage insurance premiums from CMHC, others on the rise by Jason Eldridge
rates
Bank of Canada maintains target rate at one per cent
Homes
rings in 20-year anniversary with $20,000 promo package
homebuyers’ help
Quick Tips
by Chuck Resnick
54
26
by Wayne Karl
by Brad Jackman
32
in the news
50 55
Showhome Review
Shane Homes’ Andorra II’s fresh look earns rave reviews by Heather Ryan
Marketplace
Traditional or trendy? by Sara Duck
Home
Search
Features to consider when looking for a new home
omebuyers’ H Resource Section
Mortgage calculator and rate table
vice-president, wall2wall media
Jacqueline Hill
editor-in-chief / director of content
Susan Legge
director of sales, national
Josh Heppner
senior sales manager, western canada
Edwin Rizarri art director
Bianca DiPietro
36
editor
Wayne Karl contributing editors
44
Sara Duck Elisa Krovblit Lydia McNutt
Melanie Gowans
Senior Media Consultant
403.200.8462 Follow me on twitter @melgowans Like us on facebook; facebook/CalgaryNHG
PRODUCTION CO-ORDINATOR
Greg Van Sluytman Graphic designer
Mihail Terentiev Manager of production
Bala Gnanapandithan national account manager, mediative
Paul Slizys
For Advertising inquiries please contact:
district maps 13 15 21 29 31 41 49
Northeast
51
Calgary region south
53
Southwest
Cochrane Northwest Okotoks
Southeast Airdrie Calgary
east
region
22
403.200.8462
For National Advertising inquiries call:
416.263.6783
Published By
Calgary’s New Home Guide is published 13 times per year. We are located at 2891 Sunridge Way NE Calgary, AB T1Y 7K7. Phone: 587.226.1313. The magazine is free to the public.
Copyright 2014 All rights reserved by New
Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.
Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or Âmisprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial Submissions from interested
parties will be considered. Please submit to the editor at Susan.Legge@wall2wallmedia.com.
//EDITOR’S NOTE
Buying made easy Three simple steps to success
S
SUSAN LEGGE
EDITOR-IN-CHIEF Wall2Wall Media
hopping for a home online is a great way to narrow your search, but there’s nothing like visiting the sites, models and sales offices to get down to the nitty-gritty. Before you venture out, here are some pointers: First, be clear about what you want and expect in a new home and in your builder. Remember, the range of prices in the new-home market generally reflects differences in location, features and home styles. There’s no magic involved. If a builder’s pricing seems out of whack with others in the area, ask for an explanation. Higher prices could mean better quality materials, finishings, features and service. Make sure that the price you are paying will deliver the quality you want.
Second, understand exactly what is included with the home you are buying and what is optional. Ask the sales representative to show you samples, and request a “spec” sheet that clearly lists what is included, as well as any upgrade options. Third, evaluate any promises that have been made during your visit. Is the builder prepared to put them in writing? Hearsay comments should not be included as part of your evaluation process. Sit down with your sales representative, ask questions and discuss your Agreement of Purchase and Sale in detail – then take it to a lawyer before it’s finalized.
Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
How to find the right home? Knowing what to look for – and where – are crucial parts of your new-home search
O
WAYNE KARL
EDITOR Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl
08 NEW HOME GUIDE | MAR 28 - APR 25, 2014
nce you’ve decided to buy a new home, the excitement begins to build immediately. Where to buy? What type of home? Is now the right time? The answers to such questions will vary from person to person, depending on individual circumstances and needs. Choosing the type of home you can afford, and what finishes and design features you want, might be the easiest part of the process. A little more challenging, but nonetheless equally important, are matters such as finding a community in proximity to amenities such as shopping and schools, commuting times and transit options, and if your new home will still be suitable in three, five or 10 years.
As for the timing of your purchase, it’s natural to wonder whether now is the best time, given all the discussion about market conditions. But if your employment and finances are secure, you’re best served looking at the long term – say seven years. Where are new-home prices likely to be then? Higher or lower? And if you missed out on building equity by delaying your purchase, would you be better off? In this issue of New Home Guide, like we do in every edition, we have a variety of content designed to help you determine your own answers to these questions.
Dear Mortgage, I’m taking time off to make memories.
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Visit a branch or tdcanadatrust.com/paymentvacation
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Conditions apply. See us for details. ® The TD logo and other trade-marks are the property of The Toronto-Dominion Bank.
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 09
TNH 04-14-12.indt 1
2/19/14 12:20:07 PM
//cover story
Sabal Homes celebrated 20 years as the uncommonly stylish homebuilder
Insight show home, Copperfield
» by heather ryan
F
using innovative design with functionality to create a unique line of homes has given Sabal Homes the distinction of being the uncommonly stylish home builder. This year, Sabal Homes is proud to be celebrating its 20th anniversary of crafting homes that respond to the tastes, needs, lifestyles and budgets of consumers. “Sabal Homes was founded to provide uncommonly stylish homes to a starter and first-time move-up buyer, and as we grow and offer new product types and price points, we continue to remain strong in these two markets by providing great designs that suit our customers,” says Sabal board member Larry Fan. Fan, along with Linda Knight and Ken Lee, were among Sabal’s first team members, and all remain active with Sabal Homes today (Knight as senior manager, Mahogany Homeowners Association, and Lee as COO), says marketing manager Nicole McLaws. “Our team has grown exponentially since 1994, and today, we have well over 200 staff members across Calgary and Edmonton, all working together to build uncommonly stylish homes in the world’s most sought-after communities.” Since its inception, Sabal has sold more than 3,000 homes in Calgary, Airdrie, Cochrane and Edmonton – “and last year was a record year for us, with nearly 600 multi-family and single-family homes sold across the board,” says Richard Daley, senior vice-president, operations. “We’re proud of all that we’ve accomplished in 20 10 New home Guide | mar 28 - apr 25, 2014
years, and we’re thrilled that we’ve been able to provide well-built, thoughtfullyplanned homes to thousands of families across Alberta.” Sabal has always been an innovator when it comes to new homes: it became a Certified Master Builder in 1999; launched the forward-thinking Arkitekt Series in 2006; won Multi-Family Builder of the Year at SAM Awards in 2010; and made an incredible impression with the Linea in Mahogany, its largest showhome to date, in 2013. “Since the day we began building homes, we knew we were onto something special and unique and we’re proud to continue that legacy today, and into the future,” Daley says. In the Calgary region, Sabal is
Sabal Homes | Corporate
Just recently, Sabal opened the doors to new SabalSmart showhomes – the Syntax and Sonik – in Mahogany. Adero show home, Heron Pointe at Reunion Airdrie
Linea show home, Mahogany
currently building attached, laned and front-attached garage homes in Mahogany; townhome, laned and front-attached garage homes in Copperfield; laned homes in Riversong, Cochrane; and front-attached garage homes on amenity lots in Heron Pointe at Reunion, Airdrie. Two of these communities are in their final stages of construction – in fact, Sabal has fewer than 15 lots remaining in Heron Pointe, and is in the last phase of development in Copperfield. Design mavens and potential buyers alike can check out a wide variety of Sabal showhomes in all four communities. For 2014, Sabal Homes has more exciting developments on the way, with plans to launch unprecedented new showhome models that will cater to a wide range of homebuyers, as well as branching into the Edmonton marketplace with multi-family offerings and launching a new apartment product in Mahogany.
Verso show home, Riversong, Cochrane
Just recently, Sabal opened the doors to new SabalSmart showhomes – the Syntax and Sonik – in Mahogany. These SabalSmart attached homes feature nine-ft. ceilings, oversized lots, modern designs and more – all for an attainable price point in the low $300,000s. “These homes aren’t just appealing to live in, but offer lasting value,” McLaws says. “Plus, all of our homebuyers across the board will love personalizing their home with a wide variety of uncommonly stylish finishings at our designSense Studio.” Sabal will be unveiling these exciting new concepts and creations for 2014 throughout the year on its new Year of Innovation website (sabalhomes.com/20years). “All of us at Sabal Homes wouldn’t be where we are today without the support of our homeowners,” Daley says. So to celebrate the 20th anniversary, every Sabal home buyer from now until July 19 will be automatically entered into a grand prize draw for $20,000. In addition, all Sabal home buyers will enjoy plenty of perks and prizes throughout the year until Feb. 28, 2015, such as a $2,020 gift card towards upgrades and a custom engraved lockset for their home’s front door. For more information on Sabal Homes’ anniversary, contest, models and more, visit sabalhomes.com mar 28 - apr 25, 2014 | New home Guide 11
PANORAMA ROAD
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01 SADDLESTONE
04 REDSTONE
02 SADDLEBROOK
05 CITYSCAPE
DEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Group www.genesisbuildersgroup.com DEVELOPER: MLC Land Company BUILDERS: Elite Homes, Pacesetter Homes, Trico Homes
DEVELOPER: Qualico Communities BUILDERS: Broadview Homes, NuVista Homes, Pacesetter Homes, Innovations by Jayman, Trico Homes DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes
03 SKYVIEW RANCH
DEVELOPER: Walton Development and Management BUILDERS: Creations by Shane Homes, Innovations by Jayman, Beattie Homes, Morrison Homes, Excel Homes, Shane Homes, Pacesetter Homes, Lionsworthe Homes
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 13
You can tell Landmark homes are the best built with your eyes closed. Take a deep breath in a Landmark home and you’ll notice something different. We continually strive to use as many, low VOC (volatile organic compounds) materials as possible. Now listen – the triple-paned, low-E, argon-filled windows and advanced construction techniques means peace and quiet. And if you think that’s good, just wait until you open your eyes and see how beautiful it is. You’ll find this kind of superior quality in Landmark duplexes, townhouses and homes in seven communities throughout Calgary and Cochrane. Starting from $310,000. Discover all the other things that go into Alberta’s best built homes at Landmarkgroup.ca
it’s what’s inside
//ask an expert
Q&A
1817 10th Avenue SW Calgary, AB T3C 0K2 Telephone (403) 266-4094 Fax (403) 269-1140 Docket: 37325 Due Date: Feb.19.14 Client: Landmark Group Size: 6.75" x 4.625" Insertion date: Publication: Calgary New Home Guide Account Ex: J.Fines Designer: L.Pérez Production: B.Pfleger
Choosing the right flooring
Q&A
Description: Eyes Closed Colour: cmykask an expert
by HeatHer rYan
natural stone such as travertine, marble, granite and slate for Q: What are some of the choices available for flooring? kitchens, bathrooms, mud rooms and entries, because A: “Choosing your flooring is a huge decision because next to ASK ANtheir EXPERT: by HEATHER RYAN they’re durable, but they can be cold underfoot unless you have your walls it’s the biggest surface in your home and it gets the in-floor heating. most use,” says Kal Macdonald, interior design supervisor for “Laminate flooring has come a long way in the last five years Shane Homes. giving people the look of hardwood for less money and the up Of course, carpet is popular because “it’s soft, cosy and side is they’re scratch and dent resistant, but I don’t recommend warm. The down side is the dirt and stains and it’s not the most them for bathrooms or laundry rooms,” Macdonald says. durable, especially in high traffic areas,” Macdonald says. Hardwood provides “a classic look and exotic woods such as The trend in home decor has been for hard surface flooring Tiger Wood and Brazilian Cherry are very popular,” he says, on the main floor and carpet on the stairs, in the upper hall and while engineered hardwood, which is built in layers with the bedrooms. However, many people are now opting for hard surface flooring upstairs because they’re hypo allergic and easy to hardwood on top, is versatile and “can be nailed, glued or floating, so you can put it in your basement.” clean, but the con is the price, he says. Finally, cork provides a “one-of-a-kind look. It’s warm and Among the hard surface choices, lino or sheet vinyl “come in cushiony underfoot, plus it comes from a renewable resource, but lots of different colours, are impervious to water and easy to because it’s soft it will show dents.” maintain, but they can easily tear.” With so many choices of flooring available “it’s important to Meanwhile, vinyl plank flooring, often used in commercial do your homework to make sure the buildings, is making its way into homes because “it looks nice product you choose fits your budget and and is great for a kitchen, mud room or basement,” he says. your lifestyle,” Macdonald says. Many homeowners prefer ceramic and porcelain tile, or 14 NEW HOME GUIDE | MAR 28 - APR 25, 2014
›› COCHRANECOMMUNITIES RA
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DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Trico Homes,
www.jumpingpoundridge.com BUILDERS: WestView Builders, Kingsmith Homes DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi
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DEVELOPER: Medallion Development Corp. BUILDERS: Prominent, Modena, Cornerstone, Brooklyn, Astoria Custom Homes
DEVELOPER: MGM Developments. BUILDERS: Mapleland Homes, Kingsmith Homes
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 15
RANGE RD 40
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//CALGARYISM
SINK YOUR TEETH INTO
Calgary's foodie scene » by CODY BATTERSHILL Calgary’s food culture is getting bigger and more spectacular as the years go on. With so many great food
CODY BATTERSHILL is the founder of Calgaryism and a topproducing realtor at Re/Max House of Real Estate. He also sits on the condominium task force at the Calgary Real Estate Board. He can be reached at 403.370.4180 or calgaryism.ca
establishments found throughout Calgary, especially in the downtown and inner city, it isn’t hard to get excited about dining out while getting some bang for your buck. In addition, prepare your taste buds for even more unique, scrumptious, savoury foods to hit our city streets in the near future. Here are six new Calgary restaurants coming soon that any food lover will appreciate:
CHARBAR | 618 CONFLUENCE WAY SE
The Simmons Building in East Village will soon be home to Charbar, a new restaurant and eatery by Phil and Sebastian Roasters, Sidewalk Citizen Bakery and the chefs behind Charcut Roast House. Who knows what magical concoctions of food will be made at Charbar once all three tenants have set up shop and are ready to open by spring of 2015. All I know is, if it is anything like what they have already produced in Calgary, then this food hub will be something to look out for. DOUBLE ZERO CHINOOK | 6455 MACLEOD TRAIL SW
Double Zero Pizza is expanding with a new location coming soon to Chinook Mall. Those who have been to Double Zero’s downtown location already know that this is good news, as the restaurant serves up some of the best pizza in Calgary, plus a wide selection of tapas, pastas, beers and wines. The new two-storey venue with a market-style main floor and traditional second-floor dining area is hard to miss, located on the northeast side of the mall and easily spotted off of Macleod Trail. I can definitely see myself enjoying some 16 NEW HOME GUIDE | MAR 28 - APR 25, 2014
fine food at Double Zero Chinook in between some shopping and an IMAX flick.
GORO & GUN | 225 7TH AVENUE SW
Stephen Avenue will soon be home to another restaurant called Goro & Gun. If this restaurant's food is as unique as its name, then surely we have much to look forward to. Expect to see some of the best of both Asian and American cuisines all smashed into one fantastic menu that will make the foodies in Calgary crave for more. I’ll be checking this spot out as soon as it opens! NATIONAL WEST HILLS | 180 STEWARD GREEN SW
National already has two outstanding locations in Calgary, one on the Red Mile or, 17th Avenue SW if you will, and one on 10th Avenue SW, the latter of which has bowling lanes and a unique bourbon room with more than 40 kinds of whiskey to choose from. You know what they say – there’s no bad whiskey, some are just better than others. Now, National is opening a third location at West Hills Shopping Centre in the southwest. Expect to see the same great food, drinks and social atmosphere the franchise is known for. After all, it is one of the best Calgary beer halls there is. NATIVE TONGUES TAQUEIRA | 239 12TH AVENUE SW
Tacos, bourbon and hip-hop are the three words used to describe Native Tongues Taqueira, a new food establishment coming soon to the belt-line community of Connaught. The creators of Taco Or No Taco are bringing to you another place where you can get all the gourmet tacos, tasty bourbon and Mexican-style wrestling for entertainment you want. This combination makes for quite the interesting dinner event, to say the least. RODNEY’S OYSTER HOUSE | 355 10TH AVENUE SW
Seafood lovers beware – one of Toronto’s highly reputed oyster restaurants is coming soon to Calgary. Rodney’s Oyster House has acquired the former nightclub on 10th Avenue and 4th Street SW that has previously gone by the names of Mansion, Tantra and The Drink. When finished, the restaurant will boast 300 seats, an oyster bar, private dining rooms and catering services. Expect to see gourmet lobster, crab, scallop and fish entrees to go with those lovely oysters. JOIN US We invite you to join us for more restaurant
reviews, activities and events in Calgary at Calgaryism on Facebook, on Instagram and Twitter. Until next time, be sure to check out some of the best in Calgary and let us know what you think!
//FUNDAMENTALLY SPEAKING
How to find a home? PAY ATTENTION TO LOCATION INFORMATION AND TIMING » by WAYNE KARL Despite what you often hear, buying a home isn’t only about location, location, location. True, this is the time-tested fi rst rule of real estate, but there are other determining factors you must consider as part of your selection process. Indeed, there’s a new rule of thumb for buying real estate.
WAYNE KARL
is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at
wayne.karl@wall2wallmedia.com
or follow him on Twitter at Twitter.com/WayneKarl
LOCATION First, what does that old adage really mean? Of course, we’d all love a high-end home in the best neighbourhood. But that’s not always possible. For your own enjoyment while you live in your home as well as for future resale potential, proximity to transportation, shopping, schools and other amenities is among the key determinants that affect your property’s appeal and ultimately its value. After all, those are the qualities potential buyers look for when searching for a home; the more of them your home has when you go to sell, the more desirable it will be to a greater number of people. Th is equates to demand – multiple offers and a higher price. INFORMATION Whether you’re a fi rst-time homeowner, “buying up” to accommodate a growing family or “right-sizing” as an empty nester, education is critical. And these days, with digital media and mobile technology, all the information you need is at your fi ngertips. From the content here in this magazine, to the resources available to you at Canada Mortgage and Housing Corp. (CMHC), to the local market expertise of new-home sales staff and realtors, the more knowledge you have, the better equipped you are to make informed decisions about buying, maintaining and eventually selling your home.
18 NEW HOME GUIDE | MAR 28 - APR 25, 2014
TIMING Though your home is your primary residence, it is also an investment. Where you buy is usually determined largely by where you want to live, work and play. But when you buy and sell is also important. Like any fi nancial instrument, real estate can fluctuate in value and your timing can determine how good of an investment it is. Given today’s challenging economic climate, there’s no shortage of media reports on the ups, downs, crashes and surges of the housing market. But if you’ve done your research, you won’t be spooked – or excited – by big-picture reports on short-term market performance. You know that real estate is not national or even regional – it’s very specific. You don’t buy the Canadian market and you don’t buy a provincial or even regional market. You buy a specific home, on a specific street in a specific neighbourhood. So, it’s not just about “location, location, location.” The new adage is “location, information and timing.” Do well with all three, and over the long haul your home is going to be one of the best lifestyle and investment decisions you ever made.
FROM THE LOW
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HORSE CREEK RD.
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Prices & terms exclude GST and are subject to change without notice.
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CALGARY COCHRANE
19
OLD WORLD TRADITIONS. MODERN LIVING. Set amid the rolling hills of Calgary’s northwest, Nolan Hill recalls British Isles character of days gone by – right down to the castle-ruin entry features. Yet with abundant park space and nearby shopping, schools and recreation, Nolan Hill offers a modern, family-friendly lifestyle that combines the best of both worlds – old and new.
townhome
l aned home
front garage
estate st yle
from the $300s
from the $350s
from the $450s
from the $600s
collection
collection
collection
Find your place in Calgary’s Northwest. Take Sarcee Trail 1 km north from Stoney Trail and follow the signs. Visit NOLANHILLSHOWHOMES.COM for builder information, lot maps and directions. HOMES BY AVI | MORRISON HOMES | SHANE HOMES STERLING HOMES | TRICO HOMES | JAYMAN MODUS | AVI URBAN
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18 16 AVENUE
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Developer: Birchwood Properties
02 ROYAL OAK Builders: Birchwood Properties DEVELOPER: Birchwood Properties BUILDERS: Properties Hanson Ranch 10 Birchwood
17 AVENUE
37 STREET
05 NOLAN HILL SARCEE TRAIL
DEVELOPER: Genstar BUILDERS: Homes by Avi, Cardel CityLife Homes, 9Landmark, Excel Homes, Showhomes: 2003 20th Ave. Arcuri Homes
69 STREET
NOTE: Map is just a graphic representation of areas of developments. 17 AVENUE See ad of a particular project for more details.
01 PANORAMA HILLS
BUILDERS: Astoria Custom Homes, Hyatt Homes, Laratta Homes, Mckinley Masters Custom Homes
13 WATERMARK AT BEARSPAW
DEVELOPER: Macdonald Development Corporation BUILDERS: Astoria Homes; Albi Homes, Trickle Creek Homes, Wolf Custom Homes www.watermarkatbearspaw.com
14 EVANSRIDGE
DEVELOPER: Dundee Developments BUILDERS: DS Homes, Homes by Avi, Genesis Builders Group, Landmark Homes, Morrison Homes, Innovations by Jayman, Westview Builders, Stepper Custom Homes, Calbridge Homes, Excel Homes
15 ROCK LAKE ESTATES
DEVELOPER: Decker Management BUILDERS: Ashton Custom Homes, Crystal Creek Homes, Lupi Luxury Homes
17 SHERWOOD
85 STREET
COACH
IN
CENTRE STREET
JO
DEVELOPER: Melcor BUILDERS: Shane Homes, Reid Built Homes, Landmark Homes, Homes by Avi
12 BEARSPAW WILLOW CREEK BE
AI CH IL
DEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Group, Passion Homes, Reid Built Homes, Today’s Homes www.genesisbuildersgroup.com
11 VALLEY POINTE ESTATES
TR
SA RC EE
SH AG ANNAPI
TR AIL
DR IV E
N OS EH
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RAIL YT S TONE Y TRAI L
STO NE
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RV HA
TRAIL EE SAR C
PANORAMA ROAD
ROCKY RIDGE ROAD 12 COULEE MILE ROAD
9 A
8
RO
BEARSPAW ROAD
EY
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
BANFF
AIL
5 Kinkora Glen Rd. NW
16
OL D
llside Estates
scany Estates Rise NW ma ark Homes | Albi Homes
17
2
11
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14 10
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SYMONS VALL
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15
esis Development Corp. ic Homes
gulf Cidex Homes/Intergulf Cidex
128 AVE.
6
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28 Sherwood Blvd.
4
AIL TR
12
5
PI AP
1A
10 SAGE MEADOWS
144 AVE. NW
AN AG SH
HW Y
WOODLAND ROAD
›› NORTHWESTCOMMUNITIES
DEVELOPER: United Communities BUILDERS: Homes by Avi, Morrison Milano Homes,11 Shane Homes, Sterling Showhomes: Panatella Hill NW Homes, Today’s Homes,99Trico Homes, Trico Homes Creations byBuilders: Shane Homes, Jager Homes www.nolanhillunited.com
DEVELOPER: Melcor BUILDERS: Shane Homes, Homes by Avi, Genesis Builders Group
18 MOUNT PLEASANT
BUILDER: Landmark Homes www.landmarkgroup.ca
06 BEACON HEIGHTS Showhomes: Hidden Creek Blvd. NW 03 EVANSTON DEVELOPER: Intergulf Cidex Developer: Cedarglen Homes | Cardel Homes
esis Land Development Corp. | x Developments on Homes | Majestic Homes | Homes | Centrex Homes
DEVELOPER: Qualico Builders: Genstar BUILDERS: Broadview, NuVista, Trico Homes, Pacesetter Homes, Sterling Homes, Jayman MasterBUILT
04 SAGE HILL
BUILDERS: Excel Homess, Trico Homes, Morrison Homes, Discovery Homes, Baywest Homes, Homes by Avi
BUILDER: Trico Homes, Intergulf Cidex
08 KINCORA
DEVELOPER: Melcor BUILDER: Excel Homes
09 EVANSVIEW
DEVELOPER: Genstar BUILDERS: Cardel Homes, Acuri Homes
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 21
//insight
Spring Has Arrived Âť by Brad Jackman
W
ith the sun shining and trees and plants blooming to life, landscaping may be at the forefront your mind. Landscape 360 would like to highlight a few ideas homeowners can contemplate before they begin the process. Hiring a landscape contractor should be exciting and satisfying. However, this can be a very discouraging time for some homeowners, unsure of where to begin, what you want it to look like and who to talk to. Here are a few tips to guide you through a satisfying landscape construction experience.
Have a plan. You can never call a company too early to plan for the following season’s project. Many landscape companies are limited in the number of jobs they can do in a season. Having a plan and beginning the process early can allow for your project to be started in your desired time frame.
Landscape 360. Professional Landscape Construction. 22 New home Guide | mar 28 - apr 25, 2014
A stylish functional yard can create a vibrant feel to your home. Be the envy of the block and provide a sanctuary for your family, friends and pets. Have a budget. It is important to understand that quality landscaping requires substantial investments of time and money. Thus having a budget and planning around that budget will be crucial. It is also not unusual for work to be split up over consecutive summers, easing some of the financial burden while creating your backyard paradise. Depending on what is required for labour, equipment and materials, it may be more or less of an investment one season to the next. Still, sometimes it is more cost effective to do the whole project at once. Booking a consultation with a reputable landscaper will allow you to see if your budget is in line with your vision. Hire a Professional. Many homeowners underestimate
the work associated with landscaping, or the knowledge required to produce a quality outdoor living space. Weekend warriors may be in for a surprise! It is important to hire someone who has extensive experience in the industry, and is a full service landscape company. Find a landscape company that will complete the task from start to finish and handle any subcontracting required.
Know your options. When deciding which landscape
company to hire, it’s beneficial to do your research. Ask to see their portfolio, view their website and look into some of the products yourself. Most importantly, ask lots of questions. Landscape construction can be done very different. Hire a company that uses quality equipment, utilizes the best products available and installs them professionally. Ask to speak with former clients who have had similar projects to the one you’re considering. Your options include: patios, lighting, decks, walkways, garden beds, trees, plants and fences to irrigation, drainage solutions, boulders, retaining walls, water features, decorative concrete, outdoor cooking and fire pits. Clearly, there are many choices, and it pays to explore all your options carefully.
403.452.0360 | landscape360.ca |
A stylish functional yard can create a vibrant feel to your home. Be the envy of the block and provide a sanctuary for your family, friends and pets. Landscaping improves your quality of life, increases the value of your home and adds a little personal flare to your home’s exterior. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect.
like us on facebook mar 28 - apr 25, 2014 | New home Guide 23
Suddenly, your 9 o’clock can wait.
quicskion es posso s h maeble l i ava UR MOVE MAKE YO
TODAY
lose yourself in perfect morning moments.
Set against a backdrop of the majestic Rocky Mountains, Watermark at Bearspaw is a community built for savouring the moments that really matter. Named Community of the Year, Watermark features estate lots from one quarter to one acre and unparalleled amenities for the family. It’s a place where coming home means leaving the everyday behind. Visit Watermark’s new Showhome Parade today.
Custom or quick possession homes beginning at $1.2 Million. LoseYourselfInWatermark.com
You’ve Changed BUT YOUR HOME HASN’T Change is what keeps life exciting. Families transform, financial situations ebb and flow; needs evolve. And you…well you’ve grown and that’s a big change. And the house you once loved so dearly, no longer feels the same. | Trico understands that. So we’ll do whatever it takes to help you fall in love again — whether it’s a spacious kitchen, versatile family space or being close to schools and parks — we’ll help guide you through the decisions that will match the perfect home to your changing needs. | We’re not just building homes… we’re building comfort.
BUILDING IN 15 AMAZING COMMUNITIES IN CALGARY & SURROUNDING AREAS Homes that fit… you | Find out more at TricoGetsMe.com
24 NEW HOME GUIDE | MAR 28 - APR 25, 2014
DATE: 13 Mar 2014
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//In the news
Bank of Canada
maintains overnight target rate at one per cent The Bank of Canada has once again maintained its target for the overnight rate at one per cent. The bank
rate is correspondingly 1.25 per cent and the deposit rate is 0.75 per cent. Both total CPI and core inflation in Canada are still expected to follow roughly the path outlined in the January Monetary Policy Report, although recent readings were slightly higher than expected. Excess supply in the economy and competition in the retail sector will likely keep inflation well below the two-per-cent target this year. The global economy is evolving largely as anticipated, with growth expected to strengthen in 2014 and 2015. The United States is still expected to lead the acceleration in advanced economies, although recent data have been softer, largely owing to weather effects. Volatility in global financial markets has increased somewhat, reflecting buoyant market conditions in most advanced economies and increased risk differentiation among emerging markets. More recently, tensions in Ukraine have added to geopolitical uncertainty. In Canada, economic growth in the fourth quarter of 2013 was slightly stronger than the Bank anticipated, and upward revisions earlier in the year further raised the level of GDP. The Bank still expects underlying growth of around 2.5 per cent in 2014, with the current quarter likely to be softer. Exports have been a little stronger than previously thought but continue to under-perform, and overall business investment has yet to pick up. Meanwhile, recent data support the Bank’s expectation of a soft landing in the housing market and stabilizing debt-to-income ratios for households. On the whole, the fundamental drivers of growth and inflation in Canada continue to strengthen gradually, as anticipated. With inflation expected to be well below target for some time, the downside risks to inflation remain important. At the same time, the risks associated with elevated household imbalances have not materially changed. The Bank judges that the balance of risks remains within the zone for which the current stance of monetary policy is appropriate and therefore has decided to maintain the target for the overnight rate at one per cent. The timing and direction of the next change to the policy rate will depend on how new information influences this balance of risks. The next scheduled date for the overnight target rate announcement is April 16. 26 NEW HOME GUIDE | MAR 28 - APR 25, 2014
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 27
28 NEW HOME GUIDE | MAR 28 - APR 25, 2014
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
OKOTOKS AIR RANCH
YSTAL SH OR ES RD.
BANN
R.
ISTER CR GATE
ID GE D
SANDSTONE DR. MOUNTAINVIEW GATE
338 AVE. E.
2A
NO RT HR
8
1 7
OKOTOKS
549
CRYSTAL RIDGE GOLF CLUB
MILLIGAN DR.
3 32 ST. E.
2A
WEST
370 AVE. E.
02 CIMARRON
DEVELOPER: Tristar Communities BUILDERS: Excel Homes, Trico Homes, Cedarglen Homes, Coco Homes, Today’s Homes, California Homes, Assured Homes
03 DRAKE LANDING
DEVELOPER: United Communities BUILDERS: Lifestyle Homes, Morrison Homes, Sterling Homes, Prominent Homes
RO N TR A I L
2B
N
32 ST. E.
DEVELOPER: Bordeaux Developments BUILDERS: Baywest Homes, Sterling Homes, Wolverine Custom Homes
AR
CIMA
O RR
WESTLAND ST.
01 OKOTOKS AIR RANCH & RANCHERS’ RISE
6 4
SOUTHRIDGE DR.
WESTLAND ST.
2A
D R.
CIMARRON BLV D.
RI
DG E
CIM
49
›› OKOTOKSCOMMUNITIES
LVD.
7
04 WESTMOUNT
2A
DEVELOPER: Prominence Development Corp. BUILDERS: Cornerstone Homes, Gramercy Homes, Carpenter Homes
06 THE HILL IN WESTRIDGE DEVELOPER: Qualico BUILDERS: Sterling Homes
08 MOUNTAINVIEW
(NOW OPEN) AT SANDSTONE DR. & MOUNT BURNS GREEN Apex Developments BUILDERS: Excel Homes, Sterling Homes www.mountainviewokotoks.com
07 CRYSTAL RIDGE
DEVELOPER: United Communities BUILDERS: Sterling Homes, Baywest, Crossley Homes
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 29
30
16 AVENUE
16 AVENUE
MEM OR
17 AVENUE
68 STREET
CE
14 STREET
32 AVENUE
IVE DR
›› SOUTHEASTCOMMUNITIES IAL
17 AVENUE
A IL
GLENMORE TRAIL
HLAND DRIVE
9 DERSON ROAD
130 AV ENU E
L Mc KENZIE
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Ma
2 AVENUE
6
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06 McKENZIE TOWNE CL D. VO R BLV
B
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AKE
SHAWNESSY BLVD.
M
IL TRA
2
TR
3
8
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SPRUCE MEADOWS HWAY
D OA
F IS O 5 of QUareas Rof NOTE: Map is just a graphic representati on of developments. See ad MA a particular project for more details. SHERIFF KING STREET
JAMES McKE
TT VI
A
FISH CREEK PARK
BOT
EEK PARK
FOO T TR
1 CRANSTON AVE. SE
DEVELOPER: Genstar BUILDERS: Cardel Homes, Innovations by Jayman, Excel Homes, Homes by Avi, California Homes, Avi Urban DEVELOPER: Hopewell Residential BUILDERS: Jayman MasterBUILT, Sabal Homes, Stepper Custom Homes, Trico Homes, Homes by Avi ESTATE BUILDERS: Baywest Homes, Calbridge Homes, Morrison Homes www.mahoganyliving.com
IL
TOM TR
24 STREET
DEE R
04 WALDEN
05 MAHOGANY
52 STREET
BARLOW TRAIL
MORE VOIR
DEVELOPER: Brookfield Residential BUILDERS: Albi Homes, Shane Homes, Cardel Homes, Cedarglen Homes, Trico Homes, Discovery Homes, Landmark Homes, Baywest Homes, Brookfield Homes RIVERSTONE OF CRANSTON BUILDERS: Albi Homes, Cedarglen Homes, Landmark Homes, Baywest Homes www.livecranston.ca
52 STREET
MacLEOAD TRAIL
ELBOW DRIV E
BLACKF OOT
TR
03 CRANSTON
SETON BLVD SE
4
DEVELOPER: Mosaic Townhomes: Brookfield Residential BUILDER: Mosaic Townhomes: Brookfield Residential
07 NEW BRIGHTON
DEVELOPER: Brookfield Residential BUILDERS: Shane Homes, Cedarglen Homes, Morrison Homes www.livenewbrighton.ca
08 CHAPARRAL VALLEY
DEVELOPER: Genstar BUILDERS: Cardel Homes, Jayman MasterBUILT, Innovations by Jayman, Cardel Lifestyles, Homes by Avi, California Homes
09 QUARRY PARK
DEVELOPER: Remington Corporation BUILDERS: Cardel Homes, Birchwood Properties
10 LEGACY
DEVELOPER: Westcreek Developments BUILDERS: Stepper Custom Homes, Albi Homes, Trico Homes, Excel Homes, Sterling Homes, Creations by Shane Homes
10
01 AUBURN BAY
9
DEVELOPER: Brookfield Residential BUILDERS: Brookfield Homes, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Inspire by Jayman www.liveauburnbay.ca
02 COPPERFIELD
DEVELOPER: Hopewell Residential BUILDERS: Excel Homes, Sabal Homes, Stepper Custom Homes
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 31
//Quick TipS
The seasonal switch-up
Make way for spring! » by Hellen Buttigieg
Hellen Buttigieg
Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host and owner of We Organize U. Visit her website, weorganizeu.com, for a free e-Book on how to find more time, energy and inner peace. Contact Hellen at info@weorganizeu.com
At first, you’re afraid to put away winter gear because it is hard to believe that unrelenting, snow-filled season is coming to an end. But as spring slowly slides into place, and you’re finding spring jackets and raincoats being layered on hangers atop winter jackets. The hall closet is bursting at the seams trying to contain the collection of everything from mitts and snow boots to umbrellas and Wellies. It’s time for the seasonal switch-up. Make some space for your spring and summer, and don’t give Jack Frost another thought. Make room for spring. It’s that wonderful time of year again when we can put away the winter gear and lighten the load. Although there’s never enough storage, there are creative ways to better utilize existing spaces when storing out-of-season items. Here are some ideas to consider: add another shelf above the existing one in all the closets, and purchase underthe-bed organizers. If your bed is not
high enough, you can get a bed riser to lift it. Consider creating a document on your computer that serves as an index to outline where you’ve stored what. When winter arrives, you won’t have to rely on your memory to find what you need. How long have you been putting off that rummage sale? Have you been saving items for years with the intention of selling them, but never seem to get around to it? Pull out your calendar today and book a definite date to have your sale this spring. Blocking the time now increases the likelihood of following through with it later. Another option is to forgo the big sell-off entirely and donate these items instead. It takes several days to orchestrate a successful sale, so determine whether the money you’ll make is worth the time and energy it will take. After all, you can always get more money but you can never replace lost time. Jump-start your spring cleaning with baby steps. If you don’t know where to begin when it comes to spring-cleaning your home, start small. Pick just one room. Moving clockwise, remove anything that doesn’t belong in that room and place it in a “move elsewhere” box to deliver to the room it should live in. Pull out anything that doesn’t give you joy or value and place it in a “give away” box. Toss or recycle any papers and garbage that are left over. Designate this room as a “noclutter zone” so you will always have a sanctuary to escape to, regardless of what your other rooms look like. Have you stored your winter coats yet? If you’ve been putting off the task of storing your winter coats because you don’t have an extra closet, there’s a solution. A sturdy, rolling garment rack makes an ideal spot to store winter coats during the summer. Be sure to dry-clean all items before storing, even if they look clean. Body oils and not-yet-visible food stains attract moths – especially on wool coats. Cover the clothes with a clean, cotton bed sheet or use a zippered canvas wardrobe cover specifically designed for this purpose to keep your clothes dust-free. If you don’t have room for a garment rack, store seasonal items in large garment bags, suitcases or under-bed storage bins.
32 New home Guide | mar 28 - apr 25, 2014
Walk this way. Exclusive walk-out lots in one of the south’s most active communities.
Build an affordable dream home with a walk-out basement FROM THE
460s
$
INCL LOT + GST
Tour 2 new model homes at
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Walk-out lots available in Cardel’s exclusive phase Top value in an established, peaceful community Neighbourhood walking and bike paths to Fish Creek Park and Sikome Lake Spectacular river valley setting Blue Devil Golf Course at your doorstep Double front-attached garages
105 Chaparral Valley Mews SE
403.201.5754
Built for real life. CARDELHOMES.COM
Prices subject to change without notice. E&OE.
Sales Centre Hours: Mon-Thur: 2 pm-8 pm Sat, Sun + Holidays: Noon-5 pm Closed Fridays 33
IT’S WHERE LIFE HAPPENS
A community is not just a place where you live. It’s a place where memories are made, experiences are shared, and people and families grow—together. That’s why we take pride in building communities that enhance your lifestyle with vibrant green spaces and convenient amenities. And what would a great community be without exceptional homes? In addition to carefully selected builders, Homes by Brookfield Residential provide you with the best places for all of life’s moment with spacious, functional residences thoughtfully designed from the inside out. With award-winning customer service and a commitment to creating the best experiences for our clients, Brookfield Residential is ready to welcome you home. Explore our homes and communities today.
Find your place at LiveBrookfield.com 34 NEW HOME GUIDE | MAR 28 - APR 25, 2014
DPS Shared Communities Ad_New Home Guide.indd 1
EXPLORE HOMES BY BROOKFIELD RESIDENTIAL TOWNHOMES WITH ATTACHED GARAGES Mosaic Riverstone from the $450’s Harvest Mosaic Cranston from the $250’s Muskoka Auburn Bay from the $250’s
SIDE BY SIDE LANED HOMES Cranston from the $310’s Auburn Bay from the $320’s
SINGLE FAMILY LANED HOMES Cranston from the $340’s
Auburn Bay from the $360’s
SHOWHOME HOURS:
Monday - Thursday 2pm - 8pm, Friday* - Sunday, Holidays 12pm - 5pm *Brookfield showhome hours only
BrookfieldYYC MAR 28 - APR 25, 2014 | NEW HOME GUIDE 35
3/18/2014 9:47 AM
//THE TAX MAN
Is your lunch tax deductible? » by George E. Dube Question: My husband and I painted and shampooed the carpet at our investment condo recently after our tenant moved out, to prepare the unit for the new tenant. We obviously needed to eat, so we got lunch. Should we save the receipt for lunch to put as our expense for the year-end? Does that mean it would be tax deductible?
George E. Dube,
CA, CPA, LLP, is a veteran real estate investor, author, and speaker on real estate accounting who is a partner in the firm, Dube & Cuttini Chartered Accountants LLP. He also developed the accountant in-a-box program for real estate investors, and is a member of the Real Estate Investment Network (REIN) Faculty. georgedube@dubecuttini.com
dubecuttini.com @dubecuttini.com 1.877.475.3823
Answer: Meals and entertainment are tricky expenses, and subjective and confusing in practice. Plus, there are plenty of exceptions. Assuming that someone owns a few properties, and they are out of town a distance of 40 kms and you’re there more than eight hours (in some cases 12), then the meals are more likely deductible. Alternatively, if you are having a meal with a prospective tenant, supplier or accountant, then there are no time or distance restrictions – they are deductible, as there is a clear business purpose. The primary issue in Canada Revenue Agency’s mind is similar to what you indicated in your question. You obviously had to eat, so the CRA is saying “Why should real estate investors get to deduct their meals at work when nobody else does?” Practically speaking, I don’t think it hurts to do this now and again, but this would be an administrative concession from the CRA, as compared to a technical ability to make the deduction.
36 New home Guide | mar 28 - apr 25, 2014
Alternatively, if you are having a meal with a prospective tenant, supplier or accountant, then there are no time or distance restrictions – they are deductible, as there is a clear business purpose.
JAY-2657 7.5 x10.5 ChapValley Apr NHBG.pdf 1 3/17/2014 3:26:40 PM
C
M
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CM
MY
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CMY
K
//In the news
Sabal Homes rings in 20-year anniversary
with $20,000 Promo Package, Plus a Year of Homebuyer Bonuses Sabal Homes is celebrating 20 years of home building in Alberta, and is thrilled to announce an exciting promotion to mark this milestone anniversary.
For 20 years of designing and building uncommonly stylish homes, Sabal is holding a stylebration designed to thank its past, present and future homebuyers. “We are so excited to celebrate this anniversary with our homeowners, team members, partners and supporters, who are truly the ones who have brought us to where we are today,” says Nicole McLaws, marketing manager. “We’re celebrating this momentous occasion by automatically entering every single Sabal homebuyer between March 1, 2014 and July 19, 2014 into a grand prize draw for $20,000 – this 20-week contest is sure to draw some attention, and we can’t wait to pick our lucky winner this summer!” In addition to the 20-week, $20,000 grand prize contest, all Sabal homebuyers will enjoy plenty of perks and prizes over a full year, ranging from March 1, 2014 to Feb. 28, 2015. “Not only are we thanking past Sabal homebuyers with an exciting referral program, but we are providing all of our new Sabal homebuyers with a beautiful customized front door gripset, which is sure to add even more appeal to their home,” McLaws says. “And, all homebuyers will receive a $2,020 gift card to Sabal’s designSense Studio, which they will be able to use towards the upgrades of their choice.” Twenty years of building innovative, high-quality and uncommonly stylish homes has seen Sabal Homes grow from a three-person enterprise in 1994, to a company of more than 200 today. Sabal has built thousands of homes since its inception, always priding itself on its attainable price points, wide range of features and lasting value. “We’ve sold over 3,000 homes in Calgary, Airdrie, Cochrane and Edmonton – and last year was a record year for us, with nearly 600 multi-family and single-family homes sold across Alberta,” says Richard Daley, senior vicepresident, operations. “We’re proud of all that we’ve accomplished in 20 years, and we’re thrilled that we’ve been able to provide uncommonly stylish, well-built and thoughtfully-planned homes to thousands of families.” 38 New home Guide | mar 28 - apr 25, 2014
Over the course of Sabal’s rich history, the builder has become a Certified Master Builder; won dozens of local, provincial and national awards; partnered with many charitable organizations; and launched notable collections such as the Arkitekt Series and Sabal Chalet. 2013 alone was a notable year for Sabal, as it opened its largest-ever show home with the Linea in Mahogany; vaulted into a Top 5 position for Calgary permits; sold a record 600 homes across Alberta; and unified with Hopewell Residential Communities to become Hopewell Residential.
“Today, as always, we are focused on enriching lives by making our world better” “Today, as always, we are focused on enriching lives by making our world better,” McLaws says. “We are so proud of all that we have accomplished over the past 20 years, and we are excited to unveil more exciting ideas, innovative products and uncommonly stylish showhomes in the years to come.” For more information on Sabal’s anniversary, contest, innovation or more, visit sabalhomes.com/20years or contact Nicole McLaws at 403.298.8128 or nmclaws@hopewell.com
39
40
›› AIRDRIECOMMUNITIES 01 BAYSIDE ESTATES 3
7
VETERANS BLVD
VETERANS BLVD
DEVELOPER: Genesis Land Development Corp. BUILDER: Genesis Builders Group, McKee Homes, Coco Homes, Sovereign Homes www.genesisland.com
02 WINDSONG
1ST AVE
DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes
03 REUNION
DEVELOPER: Hopewell Residential BUILDERS: Excel Homes, Sabal Homes, McKee Homes
EAST LAKE
04 KING’S HEIGHTS
DEVELOPER: Melcor BUILDER: Jayman MasterBUILT, Loreck Homes, McKee Homes, Reid Built, Shane Homes
NOSE CREEK
05 RAVENSWOOD
1 YANKEE VALLEY BLVD
YANKEE VALLEY BLVD
DEVELOPER: Qualico BUILDERS: NuVista, McKee Homes, Pacesetter, Broadview
06 COOPERS CROSSING 2 NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
5
6 4
DEVELOPER: Westmark Holdings BUILDERS: McKee Homes, Trico Homes, Vesta, Artigiano, Canterra Custom Homes, Crystal Creek Homes and Harder Homes
07 WILLIAMSTOWN 8
DEVELOPER: Vesta Properties BUILDERS: Douglas Homes, Talisman Homes, Vesta Homes
08 HILLCREST
Developer: Apex Developments Builders: Excel Homes, Shane Homes, Trico Homes hillcrestairdrie.com
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 41
//make your move
Do your research » by Chuck Resnick When it comes to moving, a little homework ahead of time can save a lot of headaches later on.
Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca
Face it – your “stuff ” is important to you, and you want movers who treat your furnishings and accessories that way. Some items such as toasters and even sofas can be replaced if they are damaged, but other things such as family photos and heirlooms are irreplaceable. At Two Men And A Truck, we adopted the tag line “Movers Who Care” to reflect how critical it is to treat every move with complete respect for our clients and every one of their possessions. When you shop for a mover, remember that the lowest bidder is not necessarily your smartest move. You want a company that has a track record for providing excellent service – with “service” being the key word. Customer service includes much more than the actual packing and transporting of your items; it starts with the first contact. You should be able to expect a pleasant, professional representative to provide you with an estimate that is well thought out and fair. Service extends to promptness, cleanliness and thoroughness at both ends of the move. It also involves open lines of communication. Ask questions of the movers you are considering – and if they are reluctant to give you a straight answer, move on to others. One of the best ways to find a mover is through word of mouth. Ask your friends, neighbours and relatives which companies they used and how pleased they were.
Hiring a mover who cares as much as you do about getting your possessions from point A to point B efficiently, economically and safely will reduce the stress and increase the fun. Another valuable resource is the Internet. Research moving firms and find out how long they have been in business. Find out if and how their workers are trained in the packing and transporting of goods. Ask what you can expect before, during and after the move. You can also check with the Canadian Association of Movers (movers.net), that has a web page for consumers. This trade association represents moving and storage companies 42 New home Guide | mar 28 - apr 25, 2014
and is aimed at helping customers connect with reliable, professional moving services. A look through the member directory and posted articles on this Web site is one more tool that can help in your search. Moving can be one of the most exciting – and most stressful – times of your life. Hiring a mover who cares as much as you do about getting your possessions from point A to point B efficiently, economically and safely will reduce the stress and increase the fun. Your movers play an integral role in helping you adapt to your new surroundings. If you are planning a move in the future, think ahead and start your research now. The more comfortable and confident you feel in the mover you select, the smoother moving day will go. Customer service, walking the walk and talking the talk, is really what its all about!
43
//showhome review
Andorra II’s
fresh look earns rave reviews » by Heather Ryan
S
howcasing a fresh and spacious new design, Shane Homes’ Andorra II is wowing buyers on the newest showhome parade in King’s Heights in Airdrie. The 2,078-sq.-ft. Andorra II is “getting rave reviews from people who love the design because it’s so refreshing with a huge dining nook and kitchen in the middle of the home and the living room in the back; it’s not your typical design, so it really stands out,” says Karen Kotchar, co-area sales manager with Cindy Klassen. “The kitchen is amazing; it’s a chef ’s kitchen – I don’t cook, but I’d look like I do in there,” Kotchar says with a laugh. “The island is so impressive, it’s about 35 square feet, so that’s huge, and people are wowed by it. It’s sure to be the hub of the party when entertaining.” “The design is much different than what you typically see, so it really stands out,” Klassen says. “People are also surprised because they think there is more square footage 44 New home Guide | mar 28 - apr 25, 2014
than there actually is, which just goes to show the openness of the plan.” The Andorra II presents a dynamic entry with a richly toned hardwood floor that spans much of the main floor and open rail on the stairs, providing a view to the second floor above. Adjacent to the entry are a mud/laundry room with a gorgeous marble-look tile floor and the garage entry. The mud room flows into a large walk-through pantry loaded with built-in shelves to provide plenty of storage. The rear of the home opens to the massive central open dining nook and kitchen. The kitchen is a chef ’s dream, with an expansive flat surface island highlighted by columns, an overhead arch and a curved breakfast bar at its focal point with seating for four. The kitchen offers a contemporary feel with creamcoloured granite countertops and a hexagon-shaped mosaic tile backsplash that contrasts nicely with the dark cabinetry
Shane Homes | Andorra II
The Andorra II presents a dynamic entry with a richly toned hardwood floor that spans much of the main floor and open rail on the stairs providing a view to the second floor above. and stainless steel appliances. The counters, along with the cabinetry, also extend to the rear of the home providing extraordinary space and storage. Double french doors off the kitchen provide easy access to the rear deck, expanding your entertaining outdoors. Across from the kitchen, the dining nook is ideal for entertaining large gatherings with room for an expansive table and a hutch, and the space flows nicely into the living great room that features a vaulted ceiling and a fabulous wall-centred fireplace surrounded in marble-look tile from floor to ceiling and flanked by windows. Going upstairs to the right is a spacious owners’ suite, with a beautiful ensuite featuring a large granite-topped vanity, corner soaker tub, walk-in shower and huge walk-in closet. Down the hall are two generous sized secondary bedrooms and a full bathroom with a granite-topped vanity and a privacy pocket door separating the vanity area from the
tub and toilet allowing multiple family members to use the room at one time. At the end of the hall, a convenient wet bar is just outside the huge bonus room that makes it easy to grab drinks and snacks while enjoying movie nights with the family or entertaining friends during the big game. “The wet bar is a big hit with our buyers, especially the men, and people really like that the bonus room is so large because they can do so much with the space, and they love the vaulted ceiling and the built-in, wall-to-wall entertainment centre,” Klassen says. Check out the Andorra II and Shane Homes’ other showhome, the 2,010-sq.-ft. Orion II, at 330 and 334 King’s Heights Dr. S.E., Airdrie, open Monday to Thursday, 2 to 8 p.m., and weekends noon to 5 p.m. For more information, call 403.536.2303 or visit shanehomes.com
mar 28 - apr 25, 2014 | New home Guide 45
//marketplace
traditional or trendy
Decorating is all about choices! We show you how to instantly update your kitchen with key pieces that suit your style. Âť by Sara Duck
2 1
1 2
3 4
3
4
5
6 5 6 1. 26.6 Cu.Ft. French Door Refrigerator in Stainless Steel by Electrolux. $2,700. Visit sears.ca 2. Providence Four Light Bronze Incandescent Pendant with Clear Glass by Illumine. $222. Visit homedepot.ca 3. Copper Artichoke Handle Braiser, 6-Qt by Ruffoni. $460. Visit williams-sonoma.com 4. 1.7L Classic Whistling Kettle in Red by Le Creuset. $130. Visit thebay.ca 5. Belle Boulevard 13-In. Oval Platter by Kate Spade New York. $250. Visit bedbathandbeyond.ca 6. French Kitchen Island. $1,499. Visit crateandbarrel.ca
46 New home Guide | mar 28 - apr 25, 2014
1. Soneca Pendant. $169. Visit cb2.com 2. Refrigerator in Red by SMEG. $1,999. Visit westelm.com 3. The Tea Maker. $300. Visit breville.ca 4. Kobenstyle White Four-Quart Casserole by Dansk. $110. Visit crateandbarrel.ca 5. Mango Wood Medium Platter. $22. Visit chapters.indigo.ca 6. Cabin Kitchen Island. $1,199. Visit westelm.com
47
48 NEW HOME GUIDE | MAR 28 - APR 25, 2014
›› CALGARYREGIONEAST CHESTERMERE CHESTERMERE
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
2
E
4
1
STRATHMORE
3
CHESTERMERE 797 22X
RIDDIS
UILDERS: Prominent Homes B Douglas Homes, Klair Custom Homes Prominent Homes, Mapeland Homes
LAKEPOINTE
2
BLACK DIAMOND
DEVELOPER: Mattamy Homes BUILDER: Mattamy Homes Sales centre 400 Westpark Dr.
OKOTOKS
560
1 AV. N
RAILWAY AV.
2 AV. S
1 AV. S
2
DEVELOPER: Hanson Park Developments BUILDERS: Canaco Homes Ltd, Ovation Homes Ltd, Stepper Custom Homes Ltd, Douglas Homes
STRATHMORE T HE RANCH IN STRATHMORE
DEVELOPER: United BUILDERS: Lifestyle Homes
WILDFLOWER RANCH IN STRATHMORE
DEVELOPER: Cancorp Property Group Inc. BUILDERS: Carpenter Homes, Paradyme Homes, Aquilla Homes and Canterra Custom Homes
LYALTA 03 T HE LAKES OF MUIRFIELD
ULM ST.
McCANN ST.
CENTRE ST.
RAILWAY CR. RAILWAY AV.
CRILLY CL.
DOUGLAS AV.
3 ST. E
2 AV. N
HANSON WAY
LAGDON ODDFELLOW HALL
COLWELL ST.
NEWTON ST.
2 AV. N
WENSTROM CR.
DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Carpenter Homes
02 H ANSON PARK
WELSHIMER CR.
LANGDON PARK
WHITNEY ST.
COPELAND AV.
COWAN ST.
MAIN STREET LAGDON VANDERVELDE PL.
COPELAND AV.
ANDERSON AV. WILSON RD.
BOTSFORD ST.
BARBER ST.
THOMAS ST.
LANGDON SCHOOL
LLOYD CR.
WILSON RD.
CENTRE ST.
BRANDER AV.
HENDERSON BY. HENDERSON RD.
HENDERSON CL.
NESBITT AV.
MCDOUGALL ST.
BESSE AV.
1AV.
TRAIL NESBITT CL.
MOE AV.
McKINNON ST.
GLENMORE
HANSON DR.
TRAIL
01 B OULDER CREEK
797
HANSON HOLLOW
HIGH RIVER
RAILWAY AV.
RGE RD 27
22
LANGDON
2A
543
DEVELOPER: Pollyco Developments BUILDERS: Stepper Custom Homes, Canterra custom homes, Sterling Homes, Lifestyle Homes, Douglas Homes, Westridge Fine Homes, Broadview Homes
04 B UFFALO HILLS (coming soon)
HERITAGE POINTE
ARBOGAST ST.
VALLEY
DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes
KINNIBURGH
LANGDON 22X
WESTMERE
DEVELOPER: Melcor BUILDERS: Landmark Homes, Lifestyle Homes, Reid Built Homes
SHORES ON WESTMERE
1
CALGARY
DEVELOPER: Truman Developments BUILDER: Jager Homes, Lifestyle Homes, Beattie Homes, Lionsworthe Homes, Douglas Homes
1
UILDERS: Douglas Homes, Today’s Homes, B Ribero Homes and Compass Rose Homes
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 49
//home search
The ideal community: Factors & features to consider
When choosing a new home, your choice involves more than the home itself. Often, homebuyers are so wrapped up in the home that they forget the importance of the surrounding community. Do you dream of a smaller community that is unique and charming? Or, are you willing to sacrifice peace and quiet to be closer to big-city amenities and other conveniences? Start by making a list of the desired lifestyle factors that are most important to you and your family. Consider location, proximity to work and schools, activities and local attractions in the community. “There are many factors involved in selecting the right community in which to buy your home,” suggests Sandra Webb, a senior executive at Royal LePage Canada. “Deciding what’s important to you and your family is the first step in finding your ideal match.” Knowing your requirements will help narrow your home search and save time. What are the most important amenities for you? Do you want to be close to parks and forests, or restaurants and shops? What types of activities are you and your family likely to be involved with? The answers to these questions will help you determine what type of neighbourhood or community is best for you and help you locate the perfect home. For further insight on buying a home, visit the website at royallepage.ca 50 New home Guide | mar 28 - apr 25, 2014
“There are many factors involved in selecting the right community in which to buy your home. Deciding what’s important to you and your family is the first step in finding your ideal match.” 10 important questions to ask yourself before you buy:
10 W here will the kids go to school, and how will they get there? 09 A re there parks, recreation centres, places of worship close by? 08 W here will you do your grocery shopping? 07 Does the area offer easy access to banks, offices and services? 06 Is the highway easily accessible? 05 How far away is the nearest public transportation stop? 04 How far are you from work? 03 W hat are the commuting costs to work, family and friends? 02 Is there any major development planned for the area in the future? 01 Can you see yourself living and growing in this community for the next five, 10, 15 years?
›› CALGARYREGIONSOUTH 1A
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
2
COCHRANE
STRATHMORE
1
1
CALGARY
CHESTERMERE 797 LANGDON
22X
22X
PRIDDIS
TURNER VALLEY
HERITAGE POINTE
BLACK DIAMOND OKOTOKS
2A
543 22
HIGH RIVER HIGHWOOD LAKE
DEVELOPER: WestView Builders BUILDER: WestView Builders
HAMPTON HILLS
BUILDERS: WestView Builders
MONTROSE
DEVELOPER: Dundee Developments BUILDER: Lifestyle Homes, Red Door Homes
PRIDDIS HAWKS LANDING
2
DEVELOPER: Hopewell Residential Communities BUILDERS: Prominent Homes, Baywood Estate Homes, Trickle Creek Custom Homes, Wolf Custom Homes, Thompson Luxury Homes, Bradmar Homes, Baywest Homes www.hawkslanding.ca
HIGH RIVER
BLACK DIAMOND RIVERWOOD
DEVELOPER: Riverwood Estates Inc. BUILDERS: Sheep River Homes, Woodmaster Homes
RIVERWOOD ESTATES
BUILDERS: Compass Rose Homes, Sheep River Homes
HERITAGE POINTE ARTESIA AT HERITAGE POINTE
DEVELOPER: Heritage Pointe Properties Inc. BUILDERS: Astoria Custom Homes, Albi Homes, Calbridge Homes www.liveatartesia.com
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 51
The Pinnacle of
LUXURY A Brand New Magazine Dedicated to High-End Properties in Calgary and Area The only magazine of its kind in Calgary, Luxury Living showcases high-end homes, condos and properties. This is your exclusive opportunity to establish your property as the pinnacle of affluent living. Pick up your FREE copy.
LINE AT BLE ON m AVAILA gary.co LivingCal Luxury
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EN D R A N JAN S E COME COUTUR ARY TO CALG
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melanie.gowans@wall2wallmedia.com
BAN
EN
UE
7
FF
COACH ROAD
02 CURRIE BARRACKS
BUILDERS: Birchwood Properties, Crystal Creek Homes, Home by Avi, Empire Custom Homes, Mission Homes, Greenboro Estate Homes, Greenboro Luxury Homes, Evolution by Greenboro, and Avi Urban
16 AVENUE
05 SPRING VALLEY
DEVELOPER: Legend Developments
BOW TRAIL
MEM
ORI
13
07 PASKAPOO IN COUGAR RIDGE
2
DEVELOPER: Apex Developments BUILDERS: Excel Homes www.paskapooatcougarridge.com
BLACK FOOT TRAIL
ELBOW DRIVE
5
10
10 ELMONT BAY
BUILDERS: Westview Builders, Winwood Homes www.elmontbay.com
12 DRESSAGE IN SILVERADO
DEVELOPER: Qualico Communities BUILDERS: Baywest Homes, Augusta Homes
MACLEOAD TRAIL
GLENMORE RESERVOIR
SOUTHLAND DRIVE
13 WESTLAND ESTATES
BUILDERS: Baywest Homes, WestView Builders www.westlandestates.ca
15 WEST GROVE ESTATES
ANDERSON ROAD
BOTTOM TR
24 STREET
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
06 CRESTMONT
DEVELOPER: Qualico BUILDERS: Augusta Fine Homes, NuVista Homes
17 AVENUE
37 STREET
17 AVENUE
SARCEE TRAIL
14 AVENUE SW
69 STREET
BUILDERS: Prominent Homes, Crystal Creek Homes, Lupi Luxury Homes, Augusta Fine Homes, West Grove Estates
FISH CREEK PARK MCKEVITT JAMES
FISH CREEK BLVD
SHAWNESSY BLVD.
MA IL
TRA
12
SHERIFF KING STREET
D
OA
CLE
ET
37 STRE
162 AVENUE
S PRUCE MEADOWS HWAY
15
85 STREET
OLD
AV
14 STREET
16
6
CENTRE STR
›› SOUTHWESTCOMMUNITIES
MAR 28 - APR 25, 2014 | NEW HOME GUIDE 53
//mortgage mogul
CMHC premiums on the rise Âť by JASON ELDRIDGE While interest rates continue to drop, it appears that the cost of getting mortgage insurance is about to go up. Following its annual review of its insurance
products and capital requirements, Canada Mortgage and Housing Corp. (CMHC) announced on Feb. 28 that effective May 1, 2014, the cost of default insurance will be increasing. While CMHC doesn’t make changes to the premiums often, it does review the premiums annually and have made several adjustments with both increases and decreases since being commercialized in 1988. Anyone wishing to purchase a home in Canada with less than 20 per cent of the purchase price to be used as the down payment, and who are working with a traditional bank or financing institution, are subject to a default insurance premium which is added to the mortgage amount. Unfortunately, this insurance does not benefit you as the purchaser, but it helps protect the bank or lender that holds the mortgage in the event you are not able to make your mortgage payments for whatever reason.
For any clients purchasing a home with the minimum five per cent down payment, the insurance premium will be going from 2.75 per cent of the mortgage amount to 3.15 per cent. So how does this affect applications for insurance, moving forward? For any and all applications submitted and approved prior to May 1, those files will be subject to the current insurance premiums, with no restrictions on when those mortgages are scheduled to fund. Any files that are submitted on or after May 1, 2014 will be subject to the higher premiums. For any clients purchasing a home with the
54 New home Guide | mar 28 - apr 25, 2014
minimum five per cent down payment, the insurance premium will be going from 2.75 per cent of the mortgage amount to 3.15 per cent. This premium is then added to the mortgage amount, unless you wish to pay the premium up front. Based on a $250,000 mortgage amount, this will result in less than a $5 per month increase to your mortgage payment. In Canada, we have three insurers that the banks and financial institutions work with when offering high ratio financing. These are CMHC, Genworth and Canada Guaranty. With the recent announcement made by CMHC, the other two insurance providers will be following suit with identical increases to their premiums, and these will also be effective on May 1 of this year. As always, I welcome any questions or comments you may have regarding the information contained in my articles. Until next month‌
Jason Eldridge
P.F.P, B. Admin Mortgage Specialist, Axiom Mortgage Solutions (formerly Unisource Mortgage) Cell 403.630.1718, Fax 866.708.5807 Email jason@axiommortgage.ca Web/apply online jason.axiommortgage.ca
homebuyers’ help//
Homebuyers’ Resource Section You love the home, see what you can afford! » Compare mortgage rates for your best deal
» Calculate your mortgage payments using the mortgage payment calculation chart
55
//homebuyers’ help
Calculate your mortgage payments MORTGAGE PAYMENT CALCULATION CHART
Calculate your mortgage payments monthly Pre-Tax Income
divide by 3
chart figure
amortization amount
Spouse’s pre-tax income
affordable monthly payments
amount of mortgage divided by 1,000
estimated monthly taxes & heat
Interest Rates %
total Pre-tax income
amount of mortgage (price – down payment)
amortization amount
monthly payments
Amortization Periods
5 yrs
10 yrs
15 yrs
20 yrs
25 yrs
5.00%
18.84
10.58
7.88
6.57
5.81
5.25%
18.96
10.70
8.00
6.70
5.95
5.50%
19.07
10.82
8.13
6.84
6.10
5.75%
19.18
10.94
8.26
6.98
6.25
6.00%
19.29
11.06
8.39
7.12
6.39
6.25%
19.41
11.18
8.53
7.26
6.54
6.50%
19.52
11.31
8.66
7.40
6.69
6.75%
19.63
11.43
8.79
7.54
6.85
7.00%
19.75
11.55
8.93
7.69
7.00
7.25%
19.86
11.68
9.06
7.83
7.15
7.50%
19.98
11.81
9.20
7.98
7.31
7.75%
20.09
11.93
9.34
8.13
7.47
8.00%
20.21
12.06
9.48
8.28
7.63
8.25%
20.32
12.19
9.62
8.43
7.79
Follow these steps to see if you’ll qualify for a mortgage on your dream home
01 02 03
Calculate the combined monthly before-tax income of you and your spouse. Divide by three. This figure is the monthly payment you can afford to make on your home. Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.
04
Refer to the chart on the opposite page. 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 firsttime buyers take the 25-year amortization.)
05
06 07
Add to this your estimated monthly heating costs and monthly property taxes. 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 home.
Multiply this figure by the amount you need to borrow. Divide by 1,000. » 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 andget pre-qualified.
56 New home Guide | mar 28 - apr 25, 2014
Mortgage interest rates
VARIABLE 6 month
1 year
2 years
3 years
4 years
5 years
ATB Financial
2.700
4.000
2.940
2.890
3.190
3.590
3.790
Bank of Montreal
3.000
4.000
3.140
3.140
3.950
4.740
5.340
Bank of Nova Scotia
3.100
4.550
3.750
3.890
3.990
4.390
4.990
CIBC Mortgages
3.000
4.450
3.090
3.140
3.950
4.590
5.340
Canadian Western Bank
3.200
4.000
3.140
3.140
3.950
4.540
5.340
Canadian Western Trust
3.200
4.000
3.140
3.140
3.950
4.540
5.340
First Calgary Financial
-
4.000
2.890
2.890
3.190
3.390
3.790
First National Financial
2.600
3.950
2.990
2.790
3.090
3.390
3.690
HSBC Bank Canada
3.100
4.450
3.600
3.950
4.450
4.990
5.340
ING Direct
3.000
-
3.190
3.240
3.590
3.690
4.090
Investors Group Trust
3.000
4.200
3.140
3.140
3.950
4.690
5.340
Laurentian Bank Canada
3.200
4.400
3.140
3.190
3.950
4.740
5.340
London Life
3.000
4.200
3.140
3.140
3.950
4.690
5.340
Manulife Bank
2.800
4.450
3.000
3.250
3.400
3.500
3.790
Manulife Trust
-
4.450
3.000
3.250
3.400
3.500
3.790
National Bank
3.100
4.400
3.140
3.140
3.950
4.740
5.340
-
4.500
3.150
3.500
3.950
3.950
4.150
President’s Choice Fin’l
3.000
6.040
3.240
3.240
3.590
3.690
4.090
RMG Mortgages
3.000
-
2.890
2.890
2.990
3.090
3.590
Royal Bank of Canada
3.000
4.000
3.140
3.140
3.850
4.740
5.340
Servus Credit Union
-
4.000
3.140
3.140
3.950
4.740
5.340
Steinbach Credit Union
-
-
2.600
2.800
3.000
3.150
3.350
3.000
4.000
3.090
3.140
3.950
4.740
5.340
-
-
3.400
3.500
3.600
3.690
3.590
Mortgage Types All mortgages are of two basic types: Conventional The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less. The buyer has to pay 20% down. A conventional mortgage cannot exceed 80% of the value of the property. Insured or High-Ratio: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.
Mortgage OPTIONS
Peace Hills Trust
T-D Mortgage Your Neighbourhood C.U.
You can choose any of these mortgage options which fit into the two basic mortgage types. Lenders may even customize these options to suit your needs. Open mortgage: Allows borrowers to repay all or part of the total amount of their mortgage at any time without penalty. Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a short-term mortgage at high interest rates to a longer term when mortgage interest rates fall. Closed mortgage: Usually has the lowest interest rate available but lacks the flexible features of other mortgage options. A good choice for those who want the security of knowing their monthly payment is fixed for a longer term. Prepayment options are available but they are subject to conditions. Portable mortgage: Flexibility if borrowers move. Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates.
Prepared by CANNEX on October 31, 2013. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2013 CANNEX Financial Exchanges Limited. All rights reserved.
mar 28 - apr 25, 2014 | New home Guide 57
//the homebuying process
Aspects to consider before buying a new home » by Donna Moore With spring around the corner, many new-home buyers will be enticed to get outdoors in the warmer weather and check out the various showhomes open around the Calgary region, with the thought of moving sometime this summer.
Donna Moore
Executive Officer, Calgary Region Home Builders’ Association 403.235.1911 crhba.com
House hunters will quickly discover during their outings that there is a fabulous selection of home designs, styles, sizes and incredible features by Calgary and area builders that will tempt them to buy. However, before getting wrapped up in all the excitement that having a new home brings, you need to take the time to consider all the aspects surrounding what will be one of the most important investments of your life, so that you can make informed and confident decisions during the homebuying process. If you’re serious about making a move this year – whether you’re a first-time buyer or moving onto your next home – it’s important to set a budget before you even begin looking at what models are out there. Find out from your financial institution how much of a mortgage loan you qualify for, and get pre-approval for a mortgage. This will help to narrow your choices when you start your search. Also, with today’s low interest rates, by going through the pre-approval process, you might be surprised at how much you can qualify for and the price range you can shop in. But be realistic about how much you want to spend on your home, and make sure you have funds set aside for incidentals such as lawyers’ fees, transaction costs, moving expenses and so on. Further, make room for “extras” in your budget so that you’re able to add some upgrades and extra features, such as hardwood flooring, granite countertops and fireplaces that may not be included in the builder’s standard model. And don’t forget about the decorating and furnishing you’ll want to do.
Buyers should also find out about the builder’s warranty and after-sales services. Also, before you start visiting showhomes, consider making a list of what you absolutely need in a home and what you would like to have. For example, do you need four bedrooms, a bonus room, a main-floor flex room or an upstairs laundry, or are these features you can live without if the price is too high? And what about location – do you want 58 New home Guide | mar 28 - apr 25, 2014
to be close to a school, shops, work or transit? Since searching for a home can be time consuming, there is little point in looking in areas that don’t suit your needs or at homes that won’t work for you or your family. When you buy a new home, you also buy the builder’s expertise and reputation, so it’s best to do some research. Each builder is different and offer different standards, so find out what you’re getting for your money. You can check out each builder’s sales packages to find out what the standard features are and what is included in the price. And when in doubt, discuss it with the builder or salesperson. When going through showhomes, also remember many may feature upgrades and various options to give you ideas for personalizing your home, so having a specifications list on the home will let you know what is standard. It’s also good to note what brand-name products the builder installs and the manufacturers’ warranties that come with them. Buyers should also find out about the builder’s warranty and after-sales services. When it comes to narrowing your choice, compare value, not just price. Consider the quality of the construction, the products and the systems, and think about those “intangibles” – the reputation of the builder, its service and commitment to customers. Once you’ve got a plan in place – know what you can afford, what you want and where you want to live – you’ll be better able to make an informed decision on the home that best suits you and your family.
IN THE MARKET FOR A
NEW HOUSE
OR A CONDO?
We think finding a home is a lot more than simply finding the right property. That’s why we put you right in the middle of the search process.
Search your favorite neighbourhood
Find out about nearby services and amenities
View new construction projects and register to get the latest info
Visit the new real estate section on canpages.ca and start looking for that special place.
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mattamyhomes.com
In A Mattamy Neighbourhood, Socializing Is More Than A “Like” Button.
It may seem a bit old fashioned but if you come for a stroll through our neighbourhoods you’ll likely find people chatting to one another. Neighbours stop by the front porch for a visit. Kids and parents gather in the parks and playgrounds and neighbours become friends on our walking/biking paths. We also have regularly scheduled community events like Flower Festivals, BBQ’s and Tree Lightings during the holiday season. We believe socializing works best without electronics. AIRDRIE - COMING SOON!
Southwinds is Coming Soon.
A Fresh, Unique And Natural Way To Enjoy Life In Airdrie. Register at mattamyhomes.com Follow us: All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
060-Mattamy 03-28-14.indd 60
2014-03-20 1:43 PM