Calgary New Home Guide - Apr 21, 2017 by NextHome

APR 21 - MAY 19, 2017 VOLUME 20, ISSUE 4, FREE

CALGARY EDITION

A unique opportunity of building the home of our dreams in Calgary’s West end. "We were initially attracted to The Rise due to the proximity to great amenities that we are accustomed to, currently living downtown. We have been in the Beltline area for the past seven years, and maintaining our social lifestyle is really important to us as we move out of the core. Being a stones-throw from Mercato, Vin Room and Crave, will make the transition into “the burbs” that much easier for us. Also, we plan to grow our family so the proximity to reputable retailers, schools and established Montessoris will undoubtedly re-affirm that our choice was the right one." Tiffany and Brad Hearst New homes from the low

$700’s

risewestgroveestates.com

INSIDE THIS ISSUE

ALBERTA REBOUND: IS 2017 THE YEAR TO BUY?

4 CAN’T-MISS SPRING FESTIVALS IN CALGARY

PROTECTING CONSUMERS’ BANKING RELATIONSHIPS

start your search here. Whether youâ&#x20AC;&#x2122;re renting or buying, finding your next home has never been so easy.

contents APR 21 - MAY 19, 2017 | VOLUME 20 ISSUE 4

8 ON THE COVER

The Rise at West Grove Estates A picturesque community of uncompromising value

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A picturesque community of uncompromising value

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Ups the ‘wow’ factor with Tofino III in West Grove Point

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Honouring the finest in the home building industry

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Modern, with a nod to history

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The Gates at Hillcrest, a new development in Airdrie

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The mismatch between housing supply and demand

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Alberta reBound: Is 2017 the year to buy in the province?

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Fundamentally Speaking

6 financial homebuying hacks by Wayne Karl

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Editor’s Note

Time to enjoy life in Calgary CALGARY, YOU’VE HAD A ROUGH last couple of years, and the economy and housing market finally appear to be heading toward more prosperous times. Combine these developments with a turn in the weather, toward warmer temperatures and sunnier skies... What better time, then, to celebrate all that Calgary has to offer? From the excellent – indeed, award-winning – new home product on the market (see page 24 and elsewhere in this issue), to the multiple spring and summer festivals (page 28), to the homebuying and investment opportunities that await (page 44). Spring and summer 2017 are pointing to better things to come. So get out there, explore and enjoy life in Calgary!

WAYNE KARL Senior Editor Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

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NOLAN HILL IS ONE of the newest communities to spring up in Calgary on the Northwest side of town. Read the full story…

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4 BAN

COACH ROAD

01 MYSTIC RIDGE

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

16 AVENUE

02 CURRIE BARRACKS

7 BOW TRAIL

ORI

11 10

2 ELBOW DRIVE

DEVELOPER: Legend Developments

04 CRESTMONT

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

BLACK FOOT TRAIL

37 STREET

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

03 SPRING VALLEY

17 AVENUE

SARCEE TRAIL

14 AVENUE SW

MEM

69 STREET

06 DRESSAGE IN SILVERADO

DEVELOPER: Qualico Communities BUILDERS: Baywest Homes, Augusta Homes

07 WESTLAND ESTATES

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

SOUTHLAND DRIVE

08 WEST GROVE ESTATES

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

ANDERSON ROAD

BOTTOM TR

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

MACLEOAD TRAIL

GLENMORE RESERVOIR

24 STREET

FISH CREEK PARK

JAMES

09 SHAWNEE PARK

DEVELOPER: Cardel Homes BUILDERS: Cardel Homes www.cardelhomes.com

10 WEST GROVE POINT

MCKEVITT

FISH CREEK BLVD

DEVELOPER: Truman BUILDERS: Sane Homes and Truman Homes

SHAWNESSY BLVD.

11 ASPEN WOODS ESTATES

MA IL

TRA

SHERIFF KING STREET

CLE

37 STRE

162 AVENUE

S PRUCE MEADOWS HWAY

85 STREET

OLD

14 STREET

CENTRE STR

›› SOUTHWESTCOMMUNITIES

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

12 SPRING GLEN VIEW ESTATES OF SPRINGBANK HILL

DEVELOPER: Kempra Developments Ltd. BUILDERS: Knightsbridge Custom Homebuilders Ltd. springglenview.ca knightsbridgehomes.com

The unified, respected voice advocating for the building industry in Calgary and the region.

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Learn more at bildcr.com • APR 21 - MAY 19, 2017 | NEW HOME GUIDE 7

Property Profile | ALBI LUXURY BY BROOKFIELD RESIDENTIAL, CEDARGLEN HOMES

cover story

The Rise at West Grove Estates A picturesque community of uncompromising value HOMEBUYERS WHO DESIRE the luxury

that comes with estate living at an affordable price in a community that provides a perfect getaway from today’s hectic pace, will love The Rise at West Grove Estates. Crafted by Bri-mor Developments, which celebrated the grand opening of four new showhomes in early April, The Rise is an extension of West Grove Estates presenting homebuyers with a picturesque community of uncompromising value featuring 8 YPNEXTHOME.CA

quality-built homes and a variety of amenities in a fabulous location. “The Rise offers active families, young professionals and emptynesters a chance to ‘Connect Engage and Escape,’” says Aleem Dhanani, Bri-mor’s managing director. “Connect to the world around us – to work, to amenities, to the mountains, and to all the lifestyle choices important to active families. “With seven acres of greenspace including areas for playgrounds,

Location

The Rise at West Grove Estates Builder

Albi Luxury by Brookfield Residential, Cedarglen Homes Development

Bri-mor Developments Home Type

Semi-estates Contact

risewestgroveestates.com

“The Rise at West Grove Estates will offer an established community lifestyle while still enjoying the pleasure of a newly constructed home,” and all at a desirable price starting from the low $700,000s, including the lot and GST.

a soccer field and other outdoor family activities, living at The Rise allows families to engage with the neighbours, escape to a relaxing retreat or simply wander, appreciating nature,” he says. “The Rise at West Grove Estates will offer an established community lifestyle while still enjoying the pleasure of a newly constructed home,” and all at a desirable price starting from the low $700,000s, including the lot and GST. Located in west Calgary, The Rise spans 11.3 hectares and will consist of 200 homes that will be within walking distance to amenities and green spaces including regional

pathways. Residents will enjoy living minutes to schools, grocery stores, daycare centres and numerous shops, services and dining opportunities at Aspen Landing Shopping Centre and West 85th in West Springs. It also offers easy access to the Westside Recreation Centre and Canada Olympic Park, as well as major roadways, bus routes and the West LRT, not to mention a 15-minute commute to downtown. “Time is a family’s most precious resource,” Dhanani says. “Living at The Rise, allows families the luxury of spending more time with each other rather than in traffic going back and forth to work, grabbing groceries,

finding health and wellness services, or searching for a local ice cream and coffee shop – everything a family needs is within minutes of home.” From the moment residents and visitors enter The Rise, the carefully designed homes – highlighted by elements such as stone, acrylic stucco, enhanced driveway materials, composite siding and exposed and faux wood garage doors – will set the community’s curb appeal apart from the rest. “While we have created an affordable price point offering with The Rise, we did not want to compromise the estate community feel,” Dhanani says. “Together with our premier builders, homeowners can express their own taste and personality while designing their home in the exterior themes of Craftsman, French Country, Arts and Crafts, Tudor and Prairie. Residents can take comfort knowing that each home will be individually approved to meet strict architectural controls ensuring that elegance with a modern edge resonates in the community.” The Rise features home builders Albi Luxury by Brookfield Residential and Cedarglen Homes who have crafted four stunning new showhomes that demonstrate affordable luxury, practical functionality for active families, fabulous features and exceptional style. “We are living in a new economic reality in the city and consumers are now simply looking for ‘real value’ – that means great quality, lifestyle, appeal, amenities, greenspaces and all of this at an affordable price,” Dhanani says. “From the great pace of activity seen to date with future residents firming their lots and home designs even prior to the showhome opening, the market has recognized the unique value being offered.” For more information visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., or visit risewestgroveestates.com APR 21 - MAY 19, 2017 | NEW HOME GUIDE 9

FALL 2016 VOLUME 7, ISSUE 2, FREE

The only magazine of it’s kind in Calgary! A comprehensive look at Calgary and Area’s new communities to help you find the best neighbourhood and home for you. Brought to you by YP NextHome the creators of New Home Guide.

FALL 2016 VOLUME 7, ISSUE 2, FREE

Journey Back. Live Forward. Small town chic on Calgary’s doorstep.

INSIDE THIS ISSUE

Journey Back. Live Forward.

3 REASONS NOW IS A GOOD TIME TO BUY IN CALGARY

FALL 2016 OPENINGS AND NEW RELEASES

5 WAYS TO MAKE BUYING A HOME MORE AFFORDABLE

Small town chic on Calgary’s doorstep.

INSIDE THIS ISSUE

Brought to you by the publishers of

3 REASONS NOW IS A GOOD TIME TO BUY IN CALGARY

FALL 2016 OPENINGS AND NEW RELEASES

5 WAYS TO MAKE BUYING A HOME MORE AFFORDABLE

TO BOOK YOUR ADVERTISING SPACE CONTACT: Melanie Gowans 403.200.8462 melanie.gowans@ypnexthome.ca

Advice | FUNDAMENTALLY SPEAKING

6 financial homebuying hacks calculator to help determine their payments. And social media is playing a more important role – 20 per cent used sites such as Facebook to learn more, 17 per cent used a mobile device, and of those, 22 per cent used a mortgage related app. And all of these figures are growing.

By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

5 | BEFRIEND A BROKER OR BANKER PLANNING TO BUY A HOME and not

sure where to begin? Maybe it’s your first home, or it’s been a while and you’re ready to move up to a larger property. Here are six home-buying hacks to help you prepare.

1 | GET WITH THE PROGRAMS There are various government programs available to help you buy a home: » Home Buyers’ Plan (HBP): The HBP allows first-time buyers to withdraw up to $25,000 from their RRSP to put toward a down payment on a home. You have up to 15 years to repay the funds. Prime Minister Justin Trudeau has promised to modernize the program to allow Canadians to dip into their RRSPs to buy a home more than once, including when impacted by life changes such as job relocation, death of a spouse or marital breakdown. » First-Time Home Buyers’ Tax Credit (HBTC): Eligible first-time buyers can apply for the HBTC to help offset the costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes. The credit can provide up to $750 in federal tax relief. For more on these programs, visit cra.gc.ca

2 | EXPLORE YOUR OPTIONS Firsttime buyers can purchase a home with as little as five per cent of the purchase price as a down payment – as long as the property is less than

$500,000. Anything higher than that, and the minimum down payment for the portion of the price higher than $500,000 is 10 per cent. So, assuming your price range is at that threshold, you’ll need to come up with at least $25,000. At that purchase price, depending on the market you’re in, this could mean you’d then be looking at a condo or townhome, instead of a detached home.

3 | VISIT THE BANK OF MOM AND DAD If your parents are baby boomers who have had the good fortune of building equity over the years as they paid down their mortgage while the value of their property multiplied, well… they may be in a position to help. Any many buyers are hitting up the bank of mom and dad. In the last two years, 28 per cent of first-time buyers hit the bank of mom and dad to help finance their purchase; from 2010 to 2014, only 17 per cent did. 4 | BECOME TECH SAVVY Mortgage consumers are becoming very tech savvy. In Canada Mortgage and Housing Corp.’s 2015 Mortgage Consumer Survey, 78 per cent of respondents researched online, with 70 per cent using an mortgage

Like many things in life, it’s all about relationships. And whether you use broker or a banker to secure a mortgage, you’ll likely come to value the relationship. In the same CMHC survey, consumer loyalty strengthened the longer people stayed with their lender. But since we’re talking about money, people are willing to switch lenders to get a better rate and save – a fact which is much more prevalent for bankers than brokers. And because brokers are able to offer products from multiple lenders, as opposed to bankers which offer only the products of their own institution, the market share held by brokers is growing notably, particularly among repeat buyers.

6 | RESEARCH, RESEARCH, RESEARCH These days, with prices rising as they are and uncertainty in some markets, thorough research is an absolute must. Everything from your target area, desired housing type, builder or realtor, finances, how much you can afford, who you borrow from and the structure of your mortgage – take your time. Take months. Don’t rush anything. Anything. Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@ypnexthome.ca or follow him on Twitter at Twitter.com/ WayneKarl APR 21 - MAY 19, 2017 | NEW HOME GUIDE 11

Property Profile | SHANE HOMES

Shane Homes SHANE HOMES HAS UPPED THE “WOW” factor, crafting

stunning features and super-sized spaces in its highly sought after Tofino III showhome in West Grove Point. “The Tofino model series are the most popular among the homes built by Shane Homes and we have sold several custom versions of the Tofino III in West Grove,” says Area Manager Jack Kushner. “We’ve built the Tofino III from 2,500 up to 4,000 sq. ft., with desirable custom features such as adding a fourth bedroom, a super kitchen with walk-through pantry and IT zone or an open to below staircase; homeowners buy the Tofino III as the model is very versatile and can be customized to suit personal needs. 12 YPNEXTHOME.CA

“Our ability to customize homes is a big appeal to Shane Homes’ customers, they love the feel of the Tofino III and that they can add their own personal touches to the design,” he says. “The Tofino III is an absolutely beautiful showhome and it’s been customized so it’s larger and we’ve added some upgrades to it for a grander feel,” Kushner notes. “It’s a 30-ft. wide home, so four-ft. wider than the standard Tofino creating a very spacious, open feel.

PHOTOS: EYMERIC WIDLING PHOTOGRAPHY

Ups the ‘wow’ factor with Tofino III in West Grove Point

Location

West Grove Point Builder

Shane Homes Home Type

Single-family homes Sales Centre

38 West Grove Point S.W., Calgary Contact

Jack at 403.536.2304

“People come into this showhome and say ‘Wow!’ They love the incredible ensuite – it really has that luxury hotel spa-like feel – and the bonus room – that already has a nine-ft. ceiling, but it is also vaulted giving it an expansive feel.” The 2,882-sq.-ft. showhome impresses right from the front door with a grand foyer featuring a large window, towering open to above ceiling and a richly toned hardwood floor. The nine-ft. ceilings on all three floors and eight-ft. doors on the main and second floors add to the sense of grandeur and a classic contemporary look in warm grey and white gives the home a clean and crisp look without being stark.

Off the foyer, double french doors open to an IT zone with a built-in desk and cabinets that is ideal for establishing a home office. Adjacent to this are a private half-bath, a walk-through kitchen pantry and a huge mud room providing substantial storage space with built-in lockers, shelves and a functional bench. This home features a super kitchen with an expansive exotic granitetopped island with breakfast bar seating as its focal point. Other stunning features include chimneystyle hood over the cook top range that matches the cabinetry, built-in wall oven with microwave above, cabinets that rise to the ceiling, fullheight decorative tile backsplash, and

a walk-through pantry with built-in shelves and an upright freezer. The dining nook adjacent to the kitchen features a built-in hutch complete with wine fridge and builtin wine rack creating an elegant space for entertaining. The main floor living room offers a warm, comfortable space for relaxing by a gorgeous feature wall that surrounds the fireplace. At the top of the stairs, is the expansive central family room with its vaulted ceiling and an eyecatching and functional built-in entertainment unit. The owners’ suite presents an inviting private retreat spacious enough to accommodate king-sized furniture, a large walk-in closet and a lavish ensuite with granite-topped his and her vanities and make-up table, as well as, a free-standing soaker tub and super-sized shower. The upstairs floor also features a full bathroom, large laundry room and two generously-sized bedrooms each with walk-in closets and one with an inviting built-in window bench seat. “West Grove Point is a boutique community that is highly desirable to live in due to its vast amenities and convenient location, so our lots are selling quite quickly,” Kushner says. For more information, visit the Tofino III at 38 West Grove Point S.W., Calgary, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.536.2304, or visit shanehomes.com APR 21 - MAY 19, 2017 | NEW HOME GUIDE 13

›› AIRDRIECOMMUNITIES 3 VETERANS BLVD

05 RAVENSWOOD

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

VETERANS BLVD

06 COOPER’S CROSSING

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

1ST AVE

07 WILLIAMSTOWN 10

DEVELOPER: Vesta Properties BUILDERS: Vesta Properties

EAST LAKE

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08 HILLCREST

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

NOSE CREEK

09 SOUTHWINDS

Developer: Mattamy Homes Builders: Mattamy Homes

YANKEE VALLEY BLVD

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

01 BAYSIDE ESTATES

6 4

02 WINDSONG

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

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

11 PIER 11

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

8 13

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

10 CANALS LANDING

12 MIDTOWN 03 REUNION

DEVELOPER: Hopewell Residential BUILDERS: Sabal Homes, McKee Homes

04 KING’S HEIGHTS

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

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

13 THE GATES AT HILLCREST

Developer: Mattamy Homes Builders: Mattamy Homes

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 15

Trending

Mattamy Homes launches new Airdrie development:

The Gates at Hillcrest

MATTAMY HOMES, Canada’s largest

homebuilder, recently celebrated its launch of The Gates at Hillcrest in southwest Airdrie with the opening of two new showhomes. The new community of Hillcrest neighbours Mattamy’s popular Airdrie communities of Southwinds and Windsong, and features four new townhome design layouts, including two new show homes: The Birch and The Aspen End. Conveniently located just west 16 YPNEXTHOME.CA

of the Queen Elizabeth II Highway, The Gates at Hillcrest offers quick access to downtown Calgary and is close to many local amenities. The community includes a highly distinctive and original feature by providing homebuyers with the option to purchase walkout lots opening onto an environmental reserve with walking paths and a tot park; while all manor townhomes include a large, private, fully landscaped backyard and a front-attached garage with no condo fees. “The Gates at Hillcrest offers a unique living opportunity for those looking to experience small town living with quick access to more inner-city action when desired,” says Don Barrineau, Calgary Division president, Mattamy Homes. “This modern community provides the conveniences of city living while maintaining a strong connection to the down-to-earth roots of its prairie setting.” The Gates at Hillcrest shares many advantages with the already popular

MORE TRENDING ONLINE ypnexthome.ca/news

community of Southwinds, including access to Osborne Park and Mattamy’s six-acre pond complex, which encompasses a four-acre environmental reserve reconstructed using vegetation from the original farmstead. Nearby amenities also include a newly constructed K-8 school (opening fall 2017), grocery stores, medical clinics, recreation facilities and CrossIron Mills shopping mall. With Chinook Winds Park close by, residents also have access to

features like a boarded ice rink, skate-park, baseball diamonds and the Mattamy Spray Park. The four new townhome-style layout options are now available for purchase at The Gates at Hillcrest. The innovative floorplans feature distinct architectural styles with open-concept main floors, front attached garages, private landscaped backyards and oversized windows, which is a trademark of Mattamy’s design standard. The new community also offers residents freedom from condo fees, while still maintaining the conveniences of townhome-style living spaces. Both show homes are now open to the public between the hours of 1 to 8 p.m. Monday to Thursday, and 11 a.m. to 6 p.m. Saturday to Sunday. For more information about Mattamy and The Gates at Hillcrest, please visit mattamyhomes.com APR 21 - MAY 19, 2017 | NEW HOME GUIDE 17

What’s Online

Trending now The latest real estate news from across Canada

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Hot issue: Home builders talk affordability

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

09 THE WILLOWS OF RIVER HEIGHTS

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

06 WESTPOINTE ESTATES

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

07 FIRESIDE

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

08 HEARTLAND

DEVELOPER: Apex Developments BUILDERS: Excel Homes, Jayman BUILT, Birchwood Homes www.heartlandcochrane.com

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 21

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Trending | SAM AWARDS

SAM Awards

Honouring finest in home building industry By Heather Ryan

IT WAS A NIGHT FILLED with excitement as more 1,300 industry representatives celebrated the Building Industry Land Development Calgary Region’s 30th Annual SAM (Sales and Marketing) Awards on April 8. The SAM Awards recognizes the outstanding achievements by the home building industry’s finest from builders and developers to marketing and sales professionals, and this year there were 800 entries with finalists competing for 60 awards in 10 different categories. It was a special night for Brookfield Residential, as it won the Grand SAM Award for Builder of the Year and was a finalist for Multi-Family Builder of the Year. “Winning the Builder of the Year award is a real capstone to what has been a challenging yet successful and rewarding year!” says Brookfield COO Trent Edwards. “We are grateful, humbled and excited to win this award on 24 YPNEXTHOME.CA

behalf of our customers, trades, partners, and of course our amazing employees.” “We are blessed to have the opportunity to help build one of the greatest cities in the world; and I believe that as an industry we’re doing a darn good job!” Brookfield also won awards for the Best New Home – $425,000-$484,999 for the Tevera in Tuscany; Best Villa/ Duplex – up to $374,999 for the Linden in Fireside in Cochrane; Best Apartment Style Condo 700 sq. ft. to 899 sq. ft. for The Kingston at Regatta. As well, Brookfield’s new division of ALBI Luxury by Brookfield Residential won the category of Best Website for ALBI Refresh. Brookfield was also a finalist in several categories including for Community of the Year (Cranston’s Riverstone and Auburn Bay) and Show Home Parade of the Year for Symon’s Gate. In the Developer Awards category, Bordeaux

We are blessed to have the opportunity to help build one of the greatest cities in the world; and I believe that as an industry we’re doing a darn good job! Developments Corporation & Qualico Communities won both the New Community of the Year and Community of the Year – Calgary Region for Harmony. They also won awards for the Best Marketing Campaign of the Year, Best Direct Mail Piece and Best Sales & Information Centre – Detached – all for Harmony. In addition, Augusta Fine Homes, a division of NuVista Homes and a builder with Qualico, won the Best New Home – $1,000,000-$1,499,999 award. “At Qualico, we are truly honoured for being nominated in 16 different categories and winning six, which showcases the breadth and depth of our organization,” says Claudio Palumbo, vice-president Community Development, Southern Alberta. “As for the Harmony project, we along with our comanager Bordeaux Developments, are humbled that our industry has bestowed our project with five SAM Awards including Community of the Year – Calgary Region, and New Community of the Year,” he says. “This project exemplifies the key elements that make a great community: location, product, and amenities, all which are second to none.” Westcreek Developments won the Community of the Year – City of Calgary for Legacy. Jayman BUILT placed second behind Brookfield for the Builder of the Year award, and won the Best New Home – up to $274,999 and Best Apartment Style Condo – up to One Bedroom + Den awards. Homes by Avi, which finished third in the running for Builder of the Year, won the Best New Home - $720,000$849,999 award. While Stepper Homes, the fourth finalist for Builder of the Year, won the Best Sales & Information

MORE TRENDING ONLINE ypnexthome.ca/news

Centre – Attached award. In the Sales Achievement Awards category, Mattamy Homes’ sales team in Cityscape in northeast Calgary won the Sales Team of the Year – Single Family award, while its Southwinds in Airdrie sales team finished first runner up. Mattamy also won the Best Billboard (Indoor/ Outdoor) award. “We’re extremely proud of both of our sales teams,” says Warren Saunders, vice-president, sales and marketing for Mattamy. “For Cityscape to finish number one and Southwinds to finish number two overall for the second straight year is an excellent accomplishment. “We’re thankful for all of our Mattamy homeowners who chose to buy with us. These accomplishments would not be possible without great office and site teams that are fully engaged in supporting our sales teams’ commitment to sales excellence.” Other Grand SAM Award winners were: Riverview Custom Homes, Builder of Merit; Hopewell Residential, Multi-Family Builder of the Year; Renova Luxury Renovations, Renovator of the Year; and Timber Tech Truss, Partner of the Year. APR 21 - MAY 19, 2017 | NEW HOME GUIDE 25

549

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

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

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

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

05 MOUNTAINVIEW

www.mountainviewokotoks.com DEVELOPER: Apex Developments BUILDERS: Excel Homes, Sterling Homes

03 DRAKE LANDING

DEVELOPER: United Communities BUILDERS: Lifestyle Homes, Sterling Homes, Prominent Homes

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 27

Advice | CALGARYISM

The Best SPRING & SUMMER FESTIVALS in CALGARY By Cody Battershill

MORE ADVICE ONLINE ypnexthome.ca/news/advice

CALGARY’S SPRING AND SUMMER

seasons are embraced by many in YYC with open arms not only because of the warm, sunny weather, but also because of the arrival of some of our city’s best annual festivals. These events play a large role in promoting community, heritage and multiculturalism while also being a staple of arts and culture in our city. If you’re looking to get out to some of the best spring and summer festivals in Calgary this year, you’ll want to check out one or all of the following events. Here are our top picks for best spring and summer festivals in Calgary:

Lilac Festival » When: Early June » Where: 420, 1711 4th Street SW » Cost: Free The 4th Street Lilac Festival is one of the biggest one day festival events in Calgary all year – and one of the most exciting! Spanning along 4th Street between 13th Avenue and Elbow Drive SW, this massive celebration of arts and culture exposes you to an eclectic mix of musical genres, street buskers and other live performances that will leave your entertainment quotas filled to say the least. You’ll also get to shop around at more than 500 artisan vendors and do a bit (or a lot) of snacking at one of the several food trucks and restaurants lining the streetscapes. 28 YPNEXTHOME.CA

The best part about Lilac Festival is that you never know what to expect. From tobacco pipes and office pens made from bullets to live acrobatic and fire breathing performances, there’s a little bit of something for every single one of the 100,000 plus people that attend annually.

Sled Island Music Festival » When: Mid to late June » Where: various venues » Cost: $15 and up Every year, Calgary’s annual Sled Island Music Festival comes around, it’s bigger and better than ever before. What makes this event so cool is the fact that it’s not held just at one

location, but several (more than 25 last year) across the city. That makes every Sled Island Music Festival event a unique experience on its own. Some events are much more affordable while others you’ll pay upwards of $50 or more, making the entire experience fully customizable to suit your budget and taste. And, with more than 200 performing artists and bands performing during the four-day festival, it’ll be hard not to find something you like. The Sled Island Music Festival was recently voted as one of the top 10 festivals in Canada by CBC Radio 3 listeners. Find out what all the hype is about this summer at one of the Sled Island Music Festival events.

MORE ADVICE ONLINE ypnexthome.ca/news/advice

music, dance and entertainment of all sorts. It’s downtown location near public transportation and C-Train terminals makes it an ideal summer festival for the whole family to enjoy. Last years’ stage performances were phenomenal – you don’t want to miss this one.

GlobalFest » When: Mid to late August » Where: 285, 2323 32nd Avenue NE » Cost: $15 and up

Calgary Folk Music Festival » When: Mid to late July » Where: Prince’s Island Park » Cost: $15 and up There are few music festivals in Western Canada that will expose you to such a diversity of musical genres and raw talent other than the Calgary Folk Music Festival. Every year, this event, hosted in the beautiful downtown recreational area of Prince’s Island Park, brings more than 70 artists from over a dozen different countries to perform on nine different stages. Apart from the live performances, the island is completely transformed to include an interactive family area, several

culinary vendors, adult beer garden and international craft market. Join more than 10,000 people onthe-daily to watch this celebration of culture and music unfold in one of our city’s most acclaimed green spaces!

Fiestaval » When: Mid to late July » Where: Calgary Olympic Plaza » Cost: Free Things get spiced up in the downtown core during Fiestaval, one of our city’s finest celebrations of Latin culture. This family-orientated event is completely free, includes artisan shops and food vendors and live

There are few festivals in Calgary that deliver as much bang for your buck than GlobalFest. This festival’s nightly firework shows light up the night sky while reflecting on the ponds at Elliston Park, creating a magnificent display of color and beauty for all to enjoy. What’s cool about GlobalFest is that the firework shows are themed to represent different nations of the world so you can choose which night you want to check out. Apart from the show, you will find several cultural booths where you can learn about different cultures and eat some of their cuisines. There are also a variety of artisan shops and family activity areas, making GlobalFest one of the most family-friendly and all-inclusive festivals year-round! Join Us Want to know more about local activities, events and everything else to do with YYC? If so, we invite you to join us at Calgaryism on Twitter, Facebook and Instagram today – have a great spring and summer! Cody Battershill is the founder of Calgaryism and a top producing realtor at ReMax House of Real Estate. Born and raised in Calgary, Cody has a passion for helping his clients accomplish their real estate goals and loves to show off the best Calgary has to offer! He can be reached at 403.370.4180, @Calgaryism on Twitter and calgaryism.ca APR 21 - MAY 19, 2017 | NEW HOME GUIDE 29

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

17 AVEN

3 Cranston Developer: Carma Builders: Albi Homes | Beattie Homes | Cardel Homes | Cedarglen Homes | Trico Homes

Cranston Estates Showhomes: Corner of Cranston Ave.& Cranarch Rd.

4 WALDEN Showhomes: Walden Rise SE Developer: Genstar Builders: Shane Homes | Cardel Homes | Innovations by Jayman | Excel Homes

MORE VOIR

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24 STREET

Builders: Albi Homes | Landmark Homes | Baywest Homes

Developer: Carma EEK PARK

Showhomes: Mahogany Heath SE. Developer: Hopewell Builders: Jayman MasterBUILT | Sabal Homes | Stepper Custom Homes | Trico Homes

6 McKenzie Towne Developer: Carma

ELGIN VILLAGE Showhomes: Elgin Meadows Green SE. Elgin Estates Park SE. Builders: Cardel Homes | Homes by Avi | Albi Homes | Heartland Homes VILLAGE OF PRESTWICK Showhomes: Prestwick Blvd SE. Builders: Cedarglen Homes | Jayman MasterBUILT

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

08 QUARRY PARK SETON BLVD SE

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09 LEGACY 9

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

DEVELOPER: Westcreek Developments BUILDERS: Carlisle Group, Brad Remington Homes (My Legacy Park), Aldebaran Homes, Shane Homes, Trico Homes, Jayman Built, WestCreek Homes, Trico Homes, Sterling Homes, Stepper Homes, Calbridge Homes, Morrison Homes, and Albi Homes www.legacylife.ca

02 COPPERFIELD

DEVELOPER: Hopewell Residential BUILDERS: Hopewell Residential

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 31

Trending

Mismatch between housing supply and demographic demand in Canada THERE’S A QUESTION looming over more and more homebuyers, sellers and real estate watcher: what’s behind the housing affordability crunch in some markets? Following an in-depth analysis, the Canadian Home Builders’ Association (CHBA) has identified some key factors behind current housing market conditions. The research report, The Housing Supply Deficit – Not Enough Homes for Families with Young Children, points to a significant and growing mismatch between housing demand and what home builders are able to supply, given planning and zoning patterns and the lack of available serviced land. The report also comes with a warning: if current trends continue, Canada will see a shortfall of 300,000 family-oriented homes in the next 10 years. According to CHBA’s data, demographic factors are driving demand for lowrise houses suited to young, first-time home-buying families, as Canada experiences a “baby boomlet.” Simultaneously, aging Baby Boomers and older Canadians are not downsizing from their detached homes in the numbers predicted, opting instead to age-in-place. In fact, many Boomers are actually trading up to larger single-family units, creating a morepronounced shortfall of lowrise homes. “There has been a lot of commentary around what’s driving house prices in markets like the GTA and Vancouver. Much of this overlooks the fundamental factors of supply and demand, and the increasing number of young families trying to achieve home ownership,” says CHBA CEO Kevin Lee. “CHBA’s research shows that current 32 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

patterns of urban development fail to address the needs of young families... There is a distinct lack of higherdensity, ground-oriented homes they can afford, such as townhomes, stacked towns and similar housing formats. This is the ‘missing middle’ in our largest and fastest-growing communities,” Lee adds. The effects of the lowrise shortfall are further amplified by supply constraints, including lack of infrastructure and developable land, development restrictions, NIMBYism, and municipal policies favouring highrise development. Canada has seen a 27-per-cent drop in the construction of lowrise homes since 2007. The fastest-

growing markets are experiencing a much more dramatic decrease. In the GTA for example, inventory of lowrise homes dropped 89 per cent in the last decade, and sits at historic lows. There is a particular shortage of higher-density, lowrise attached homes offering access to transit, which increasingly represent the “missing middle” of urban housing stock. “In markets experiencing strong economic growth and in-migration, these supply factors are a big part of what is fueling rapid price appreciation within the groundoriented housing segment. While some observers look for other explanations, and there are indeed other contributors, the ‘law’ of supply and demand remains pervasive,” Lee adds. “What we are seeing is the Millennial generation really struggle to find a place to live and raise their families in our largest cities, and this has worrying longerterm implications for them, these communities, and the economy at large. “Although there has been a lot of focus on trying to dampen prices, a big part of the solution is enabling a housing supply response. We’re not talking about ‘sprawl’ here, just about building smarter communities, including infill projects and transit-oriented development, that young families find welcoming and manageable with young children.”

Ask An Expert

Q&A

By Heather Ryan

Safety aspect of spring cleaning Q: What are some safety aspects we should consider when doing spring cleaning? A: With warming temperatures many homeowners are getting in the spring cleaning mode with projects inside and out, but before you start make sure you consider both your personal and family’s safety, says Daryl Grieves, safety officer for Shane Homes. “To protect your family you can start with checking the batteries in your smoke or CO2 detectors to ensure they’re working properly,” Grieves says. “It’s also a good time for the family to review their home emergency escape plan in case of a fire.” “Clean out your medicine cabinet of any old or unused meds, these can be taken to most pharmacies to be disposed of, but I suggest calling them first. And, you should also take any old chemical cleaners or paint that you’re not using to the fire department for disposal.”

If you’re planning on window washing, painting or any chores that will involve use of a ladder, Grieves comments that you should have “three points of contact at all times and always work straight above the ladder and never lean to one side or the other.” When dusting areas that rarely get touched or painting, wear a mask to keep from breathing in particles or fumes, and make sure that if you’re moving heavy objects such as furniture or boxes you follow proper lifting techniques to avoid an injury. “It’s also a good idea to stretch before you start any manual ASK AN EXPERT: HEATHER RYAN labour outside inbythe yard as it’s been several months since you’ve done any lawn care,” Grieves says. “Make sure you wear glasses and hearing protection if you plan to use any power tools.” Boots and gloves may also be necessary depending on the project you have planned. With a wood deck inspect it and secure or replace any loose boards, and if you plan to pressure wash the deck be careful walking as they can get slippery. As well, if a deck or fence is on the “to-do list” this spring – call before you dig! Further, clean away any debris that may be blocking vents, and inspect trees and remove any branches that may be at risk of coming down. If you have any home related questions, you’re invited to contact Shane Homes at info@shanehomes.com.

Q&A

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 33

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DEVELOPER: United Communities BUILDERS: Homes by Avi, MilanoShane Homes, 11 Homes, Morrison Showhomes: Panatella Hill NW Sterling Homes, Trico99Homes, Builders: Trico Homes Jager Homes, Pacesetter Homes, Creations by Shane Homes www.nolanhillunited.com

Developer: Birchwood Properties DEVELOPER: Qualico Communities Builders: Birchwood Properties BUILDERS: Broadview, NuVista, Trico Homes, Pacesetter Homes, Ranch 10 Hanson 05 BEACON HEIGHTS Sterling Homes, Jayman BUILT kora Glen Rd. NW Showhomes: Hidden Creek Blvd. NW DEVELOPER: Intergulf Cidex Developer: Cedarglen Homes | Cardel Homes and Development Corp. | 03 SAGE HILL BUILDER: Trico Homes, Intergulf elopments Builders: Genstar DEVELOPER: United Communities Cidex Homes | Majestic Homes | BUILDERS: Pacesetter Homes

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Trending

4 can’t-miss spring activities in Calgary By Jonathan Lawrence

APRIL SHOWERS BRING May flowers

– and some of the best festivals of the year in Calgary. Each of the following four festivals is a wonderful opportunity for Calgarians to emerge from their winter slumber and connect with others over shared interests, even if that interest is a cold glass of beer.

Calgary Underground Film Festival It may be springtime, but thanks to the 14th annual Calgary Underground Film Festival (CUFF), getting some sun is optional – there are films to watch! From April 17 to 23 at the Globe Cinema, immerse yourself in a carefully-curated collection of unique, funny and often downright weird films you likely won’t see screening at the local multiplex. With audience rates steadily growing each year, audiences are clearly enjoying it. Throughout the festival, enjoy a film with your selection of Big Rock Brewery beverages or party down on April 22 at The Palomino. However you get involved, CUFF is a great opportunity to meet fellow filmmakers and film fanatics alike. For a full schedule, visit calgaryundergroundfilm.org

Lilac Festival If there’s one thing people like more than a festival, it’s a free festival – and the Lilac Festival is a fantastic one at that. The one-day event, scheduled for June 4, has been running on 4th Street for more than 25 years. Every year, the festival runs rain or shine, averaging more than 100,000 visitors. 4th Street merchants, from One Cycle Spin Studio to Mercato, will line the streets to promote their local 36 YPNEXTHOME.CA

businesses along with more than 500 vendor booths, ranging from arts and crafts to food and fashion. Plus, a bounty of local food trucks will be on site to serve up delicious and unique offerings. With six stages set to host more than 30 unique performances, Lilac Festival brings life and entertainment back to the city after a long winter hibernation. The day begins with a bang at 10 a.m. with a parade starting on 25th Avenue SW – don’t miss it!

BeerFest Ask just about anyone what the best thing about spring is and they’ll likely mention outdoor patios and cold beverages. Beer enthusiasts who want to expand their horizons should visit Calgary International BeerFest (scheduled May 5 and 6) held in the BMO Centre. With more than 700 different brews to sample and enjoy, this is a beer lover’s dream. Plenty of the beers on offer are brewed in Calgary, such as Banded Peak Brewing Co., Last Best Brewery and Distillery and Tool Shed Brewing Company. In addition to the frothy goodness, BeerFest features interactive entertainment, live music and tons of great food from amazing restaurants such as Booker’s BBQ Grill and Crab Shack, CRAFT Beer Market and Bottlescrew Bill’s Pub.

Calgary Comic & Entertainment Expo. To those with an affection for comic books, television, film or video games, this is paradise. As always, the Expo features appearances from pop culture royalty, including Billy Dee Williams, the man behind the smooth-talking Lando Calrissian from Star Wars, and Nathan Fillion, star of Firefly and Castle. For those who don’t meet their favourite stars, check out Celebrity Connections for all your autographed memorabilia needs – just one of hundreds of vendors that will be on site. For board game enthusiasts, check out Pips Board Game Cafe. For hobby game aficionados, visit Myth Games and Sentry Box. For those interested in video game design, visit the booth for the Calgary Game Developers Academy for Youths. One of the featured exhibitors, Kensington Art Supply & Instruction, will surely be a destination for aspiring artists. With tons of amazing merchandise and artwork for sale, tournaments, photo opportunities and Q&A sessions, this is not an event you want to miss. Prices range from $35 to $50 depending on the day and children under seven get in free. Feel free to dress up in costume – it is highly encouraged. Whether you like beer, films, video games, art or music, there’s something for everyone at one of the many festivals coming to Calgary this spring.

Calgary Expo Calgary will prove once again that it is a true nerd’s domain during the annual

Jonathan Lawrence is a freelance writer in Calgary.

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We Chose To Create Our Dream Kitchen. YOU DECIDE HOW TO REWARD YOURSELF! When you build with Trico Homes you’ll receive your very own Trico Red Card. It comes pre-loaded with rewards you can spend however you choose. AND it qualifies you for incredible ongoing savings and rewards!

* Some conditions apply. E&OE.

BUILDING IN 15 COMMUNITIES: FRONT-GARAGE HOMES | LANED HOMES | DUPLEXES | TOWNHOMES & CONDOS For more information visit us online at www.tricohomes.com

››

CALGARYNORTHREGION Date

TC-16460 NHG HP Apr21 v2.indd 1

F I L E

31 Mar 2017 Produced by

1005 - 11 Ave SW Calgary, AB T2R 0G1 Phone: 403.287.9300 Fax: 403.287.9915

N A M E S

A R E

F O R

2017-04-05 6:00 PM

I N T E R N A L

U S E

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File Name TC-16460 NHG HP Apr21 v2.indd Publication New Home Guide Insertion April 21 Issue 01 VISTA CROSSING IN Client Trico Homes Size 6.75” x 4.625” w/bleeds CROSSFIELD Fonts used Helvetica Neue LT DEVELOPER: Dream Picture info Development Producer GS Revision # BUILDERS: McKee Homes, Reference # Reidbuilt Homes, Homes by

Page #1 of file

DO NOT ALTER THIS ARTWORK WITHOUT CONTACTING TRICO DreamHOMES

575 CROSSFIELD

T H I S

F I L E

I S

P R I N T E D

I N

C O L O R

567 AIRDRIE

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 39

Insight

THE VALUE OF

LANSCAPING ONE SHOULD NEVER underestimate the many benefits of creating a vibrant and functional outdoor living space customized for your home. Professionally landscaping your property provides a sanctuary for your family, friends and pets. Landscaping improves your quality of life, increases the value of your home and adds personal flare to your homeâ&#x20AC;&#x2122;s exterior. Clearly there are many aspects to landscape construction and it pays to explore all your options carefully.

40â&#x20AC;&#x192;YPNEXTHOME.CA

With a variety of high quality products and many different design concepts your landscape design can be customized to compliment any size and shape of property. Natural Stone is a fabulous material to use for landscaping. Serenity, timelessness, balance, beauty and function are all traits of natural stone. Landscape lighting is a phenomenal way to enhance your outdoor space and bring your yard and nature to life. Lighting provides your space with

By Brad Jackman

energy, safety, balance and interest. The ambient glow of landscape lighting sets the mood for your yard. Irrigation systems are an excellent way to conserve water and reduce your yard maintenance. This will allow home owners to maximize the amount of water their landscape requires. An irrigation system is a far more effective way to provide your yard the water it craves. Homeowners have endless options when it comes to custom woodwork.

Landscaping improves your quality of life, increases the value of your home and adds personal flare to your home’s exterior. Decks, pergolas, privacy walls, arbors and many other options are possible with wood. Pressure treated lumber, Cedar & Kayu Batu (outdoor hardwood) are all excellent material choices to bring the luxury of inside outdoors. Retaining walls create boundaries, provide function and most importantly support earth. Walls can be the most important part of your landscape. Garden beds, steps, boulders, trees, shrubs and lighting can all become part of your retaining walls. Drainage, Grade, Structure, and Function must be considered at every level. Paving stones are more cost effective than natural stone and

there are many options of colors, textures, and sizes, which allow for many different patio styles. Concrete is a product which is extremely functional, low maintenance and is cost effective. Concrete can be done with a brushed, exposed or stamped finish. Concrete is great for walkways, patios, driveways & walls. Clearly there are many aspects to landscape construction and it pays to explore all your options carefully. More importantly hire a company with a strong portfolio. The key to enjoyment and the longevity of your yard is quality craftsmanship. Landscaping is a

process that’s built in layers. Many of the steps are tedious, lengthy and labor intense. Progress can seem slow due to the preparative work required, with most typical contracts springing to life in the final few days of construction. Having professionals with the proper knowledge base who use high quality materials is a must. A locally owned and operated Calgary based company; Landscape 360 specializes in residential, estate and acreage landscape construction. Our philosophy is based upon professionalism, quality, trust and respect.

Landscape 360 Professional Landscape Construction Like us on facebook 403.452.0360, landscape360.ca APR 21 - MAY 19, 2017 | NEW HOME GUIDE 41

Neighbourhood Profile

Nolan Hill Modern, with a nod to history By Caitlin Best

ages within a 10- to 15-minute drive. On the weekends, the Symons Valley farmers’ market is the place to go. Planes, trains & automobiles Residents are right on the boundary of the city limits and can expect to do more driving than the average Calgarian. However, from the gates, there are many access points to the city. Stoney Trail, Sarcee Trail and Beddington Trail via Country Hills Boulevard will all serve as convenient arteries. The airport is roughly 20 minutes away – an advantage to living in the North. Currently, there are no regular bus routes from the neighborhood.

MORE PHOTOS ONLINE ypnexthome.ca/nolan-hill

NOLAN HILL IS ONE of the newest communities to spring up in Calgary on the Northwest side of town. Here, you’ll find homeowners who enjoy having a place for their kids to play, paths to walk and run, wide open space and a slower pace of life with a few conveniences nearby, such as big box stores, yoga and the market.

Meet the neighbours Many areas of Nolan Hill are still under construction, but the first wave of neighbours to move in feature a considerable amount of families with young children. The abundance of parks and paths have been designed with family in mind, and right now, these are probably the most used amenities.

The good, the bad & the rest Residents who like the suburbs and the idea of living in a family friendly community will be at home here. There’s a wide variety of housing options, lots of space, several parks and a fantastic view of the countryside. On the flip side, residents who like to have access to a variety of shops, restaurants and transit, might not find this community to be ideal. Furthermore, the commute to downtown is one of the longest from anywhere in the city.

The vibe This Northwest community was inspired by the British Isles and provides a series of lush parkways, ravines set throughout modern rows of houses and townhouses. The dramatic Old World ruins at the main entrance and roundabout will make you feel like you’ve stepped into the Irish countryside.

In the area Because the area is new, there is still a great deal of development going on but a commercial/shopping centre is currently under construction with plans for a State & Main restaurant and a hot yoga studio. Beyond the space for kids to play, you have a number of shopping centres, such as Beacon Hill, recreational facilities and schools for all

Dollars & sense This area will be mainly focused on residential and the businesses going into the local shopping centre will be on par with what you’d find in many of the recently developed suburbs of Calgary. Residents also have access to many of the box stores in the area, including Costco, Home Depot and Future Shop.

Caitlin Best works as a freelance writer and creative based in Calgary. When she’s not covering the latest lifestyle trends or hot new restaurants for local and national publications, she’s planning her next travel adventure.

42 YPNEXTHOME.CA

PANORAMA ROAD

STONEY TRAIL

4 52 STREET

HARVEST HILLS

METIS TRAIL

MONS VALLEY ROAD

›› NORTHEASTCOMMUNITIES 3

COUNTRY HILLS BLVD.

I TR

AIL

68 STREET

80 AVENUE

NAP

MCKNIGHT BLVD.

32 AVENUE

14 STREET

64 AVENUE

68 STREET

CENTRE STREET

64 AVE.

FALCON RIDGE

SHA GAN N

36 STREET

CALGARY INTERNATIONAL AIRPORT NOSE HILL PARK

TR A DD

DE ER F

OO T

COUNTRY HILLS BLVD.

16 AVENUE

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

01 SADDLESTONE

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

02 SADDLEBROOK

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

05 CITYSCAPE

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

06 SAVANNA IN SADDLE RIDGE

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

03 CORNERSTONE

DEVELOPER: Walton Development BUILDERS: Jayman BUILT, Shane Homes, Morrison Homes, Truman Homes, Pacesetter Homes www.liveatcornerstone.ca

04 REDSTONE

DEVELOPER: Qualico Communities BUILDERS: Broadview Homes, NuVista Homes, Pacesetter Homes, Jayman BUILT, Trico Homes, Creations by Shane Homes, Shane Homes (Shane showhome to be built in spring)

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 43

Trending | INVESTMENT

ALBERTA REBOUND Why 2017 might the year to buy back into Alberta By Gene Kosowan

AS ALBERTA CONTINUES to endure

a difficult economic recession, investors and homebuyers across the province are cautiously optimistic that the worst may be over. “In 2016, there was so much change and uncertainty, people didn’t know what to do,” says John Stobbe, a broker and owner at Century 21 Platinum Realty in Edmonton. “Now, we see that the sky hasn’t fallen totally during the last couple years. It’s like… okay, this is the new normal, let’s get on with it.” In short, Wild Rose Country isn’t exactly in full bloom, but the buds are starting to sprout from the branches. Crude oil prices, which plummeted to lower than $30 a barrel in 2016 after achieving record highs of $155 eight years earlier, are slowly creeping up past the $50 mark, creating some relief in Alberta’s largest industry. And while the unemployment rate is still hovering above eight per cent, the Conference Board of Canada predicted last December that Alberta’s Gross Domestic Product (GDP) will grow by 2.2 per cent in 2017, a far cry from the red ink the year before. While those indicators might light up the eyes of property investors, experts are advising those looking at real estate to proceed with caution. “I wouldn’t run out and buy five houses, but if you were looking for an opportunity, I think now is a reasonable time,” says David DaleJohnson, economics professor at the Alberta School of Business at the University of Alberta in Edmonton. Patrick Francey, CEO of the Real Estate Investment Network (REIN), suggests it’s currently a good time to shop around, while still keeping an eye on changing economic conditions. 44 YPNEXTHOME.CA

“Until you have employment and people moving back into the province, creating demand for rental units, which will then drive the demand for sale units, the world of real estate right now is looking at opportunities to buy,” he says. “Knowing that in the next couple years as the economy starts to pick up, and GDP actually increases, that’s what’s going to drive real estate.” Insiders agree that the best places in Alberta to search for opportunities are within its two largest cities. “For both Edmonton and Calgary,

there are great buying opportunities right now, but there’s no rush,” says Francey. “That’s the good news. You’re finding the properties that cashflow in a single-family would have preferably coming from basement suites. Anything that’s in the $400,000 to $500,000 range is still very strong in the marketplace, but ultimately, there are good opportunities to buy. You’ve got to look for the deals, but they exist. And there are cashflow opportunities in especially those single-family uptown suites.”

Until you have employment and people moving back into the province, creating demand for rental units, which will then drive the demand for sale units, the world of real estate right now is looking at opportunities to buy Patrick Francey, CEO of the Real Estate Investment Network (REIN)

MORE TRENDING ONLINE ypnexthome.ca/news

In Calgary, with $5.8-billion being invested in infrastructure, including expansion of the city’s lightrail transit system, indicates that 2018 could be a turnaround year for property investment. “The smart people are buying; the masses maybe aren’t,” says Glen Godlonton, a Calgary-based ReMax realtor who’s noticed increased investor interest since January. “The multi-million-dollar stuff is definitely down. But the $300,000 to $400,000 stuff is moving. There are still lots of multiple offers.”

The buzz is just as loud in Edmonton, much of it on the strength of $5.5 billion sunk into construction projects, including the new Rogers Place arena and lightrail transit expansion. The manpower needed for those projects, says Stobbe, will help Edmonton grow steadily the next couple years, although nowhere near as exponentially as the city enjoyed during the boom years. “We’ve had a number of years, where it’s just been build, build, build, so we’ve been pleasantly spoiled in that there are lots of projects

on the go that are generating jobs. While some of them are initially construction jobs, there will be longterm jobs to look after those things.” Smaller centres in Alberta are dicey propositions for property investors, according to Francey, even though many of those municipalities, including Grande Prairie in northern Alberta, are starting to enjoy increased oilpatch activity. “As they come back onstream, you see the smaller centres in the oil and gas industry go through the same cycles, which is that the peaks get really high and the valleys get really low,” he says. “When you’re picking regions to invest in and you look at a smaller centre like Grande Prairie, your risk factor is always larger. But when you look at a larger centre like Edmonton or Calgary, the risk isn’t as impactful in that regard.” Fort McMurray, however, is as risky as they come, given the double whammy it experienced. The first blow landed squarely into the geographic heart of the energy sector in the form of an oil economy collapse that started late in 2014 and has since thrown roughly 9,000 residents out of work. But the sucker punch that followed was even more devastating, when a forest fire last May forced an evacuation of the city before wiping out a tenth of the municipality. However, after the last wisps of smoke trailed off, Micheal Cammock, a realtor at The Lowe Group in Fort McMurray, noticed interest in buying …continued on page 49 APR 21 - MAY 19, 2017 | NEW HOME GUIDE 45

›› CALGARYREGIONSOUTH 1A

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

COCHRANE

STRATHMORE

CALGARY

CHESTERMERE 797 LANGDON

22X

PRIDDIS

TURNER VALLEY

HERITAGE POINTE

BLACK DIAMOND

OKOTOKS 2A

543 22

HIGH RIVER

BLACK DIAMOND

HIGHWOOD LAKE

RIVERWOOD ESTATES

DEVELOPER: WestView Builders BUILDER: WestView Builders

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

HAMPTON HILLS

BUILDERS: WestView Builders

MONTROSE

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

PRIDDIS HAWKS LANDING

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

SEARCH ONLINE ypnexthome.ca

46 YPNEXTHOME.CA

HERITAGE POINTE ARTESIA AT HERITAGE POINTE

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

Buyers’ Resources | MORTGAGE RATES

Compare mortgage rates for your best deal CHARTERED BANKS

variable

6 months

1 year

2 years

3 years

4 years

5 years

ATB Financial

2.1000

4.1000

2.9900

2.3900

2.5400

2.5700

2.7400

Alterna Bank

2.2500

4.0000

2.7900

2.7400

2.6400

2.6500

2.6800

Alterna Savings

2.2800

4.0000

2.7900

2.7400

2.6400

2.8400

2.7400

Bank of Montreal

2.8500

4.2000

3.0900

3.1900

3.5900

4.0900

4.8400

Bank of Nova Scotia

2.7000

4.5500

3.2900

3.0900

3.3900

3.8900

4.6400

CIBC Mortgages

2.7000

3.1400

2.8400

2.7900

3.3900

4.0900

4.7900

Canadian Western Bank

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Canadian Western Trust

2.9000

4.0000

3.1400

3.0400

3.6500

4.2000

4.7400

Comtech Credit Union

6.2000

2.8400

2.8900

2.9500

2.9900

2.8900

DUCA Financial Services

2.5000

3.0400

2.9400

3.1400

2.7900

Desjardins - Caisses

2.7000

4.4000

3.1400

3.2400

3.3900

3.8900

4.7400

Effort Trust

4.4500

3.3500

3.5000

3.7000

4.3000

4.3500

Equitable Bank

3.1400

3.0400

3.6500

4.3900

4.6400

First Calgary Financial

4.0000

2.8900

2.6400

2.7900

2.7400

First National Financial

2.3500

3.1000

2.6400

2.8400

2.8900

FirstOntario Credit Un.

2.7000

4.3400

2.7900

2.4900

2.6400

2.7900

2.8900

HSBC Bank Canada

2.2500

3.3900

2.2500

2.2900

2.3900

2.4900

Home Trust Company-Agent

2.3500

3.9500

2.6900

2.1400

2.5900

2.7400

2.8400

ICICI Bank Canada

3.0500

2.6400

3.1900

3.2900

Investors Group Trust

2.8500

4.2000

3.1400

3.0900

3.3900

3.8900

4.6400 2.7900

Kindred Credit Union

2.7000

3.3500

3.4000

Laurentian Bank Canada

2.7000

4.4000

2.8900

3.0400

3.3900

3.8900

4.7400

League Svgs & Mortgage

4.4500

2.9900

2.5900

2.6400

2.7400

2.7900

Libro Credit Union

3.7500

2.7000

2.7500

2.8000

2.8500

2.8900

London Life

2.8500

4.2000

3.1400

3.0900

3.3900

3.8900

4.6400

Manulife Bank

2.7000

4.4500

3.0000

2.9400

2.8400

2.9400

2.9900

Manulife Trust

4.4500

3.0000

2.9400

2.8400

2.9400

2.9900

Meridian Credit Union

2.3000

4.0000

2.8400

2.7900

3.3900

3.8900

2.6900

National Bank

2.7000

4.4000

3.1400

3.0400

3.3900

3.8900

4.7400

PACE Savings & Credit Un

5.0000

3.1400

3.0400

3.6500

4.3900

4.6400

Parama Credit Union

2.6500

2.8000

2.8500

2.9500

3.0500

3.1500

Peace Hills Trust

4.5000

3.1500

3.5000

3.7500

3.8500

3.9500

President's Choice Fin'l

2.7000

6.1900

3.1400

2.7900

3.3400

3.9900

4.4400

Rapport Credit Union

2.8500

6.0000

3.0900

3.0400

3.5000

3.0400

2.9900

Royal Bank of Canada

2.7000

3.1400

3.0400

3.6500

4.3900

4.6400

Steinbach Credit Union

2.3900

2.4900

2.5900

2.6900

Street Capital Bank

2.1500

2.6900

2.7400

T-D Mortgage

2.8500

3.1400

3.0400

2.8400

3.4400

3.8900

4.6400

Tangerine

2.3000

3.1900

3.2400

3.4900

3.6900

2.6900

WFCU Credit Union

4.4500

3.0000

3.0400

3.6500

4.3900

4.6400

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator PREPARED BY CANNEX ON APRIL 12, 2017 This information is current as of the date and time posted and is subject to change without notice. © Copyright 2016 CANNEX Financial Exchanges Limited. All rights reserved.

APR 21 - MAY 19, 2017 | NEW HOME GUIDE 47

Advice | MORTGAGE MOGUL

Banks come under fire By Jason Eldridge

FOR YEARS, THE BANKS have always been the institution that consumers have gone to for financial products and services. It used to be, back in the day, that everyone from the tellers to the loans officer and even the branch manager knew many of their customers by name. Those days may be long behind us for the foreseeable future. The banks are feeling intense pressure from investors and stock holders to continue increasing the bottom line… but at what cost? In light of the recent allegations by employees working for five of the major banks, I feel it is important to bring attention to what I do for my clients as a mortgage broker, and dispel any possible negative thoughts, misconceptions or assumptions about the sales process in this industry. Starting in April, Canada’s financial consumer watchdog will be implementing a review of the banks’ business practices. According to a report by CBC, employees from five of Canada’s biggest Banks allege that they have felt pressured to upsell, trick and even lie to customers to meet sales targets. They go onto admit to signing up existing and new clients for products and services without their knowledge and consent. Perhaps this may be part of the reason why it appears that there is so much staff turnover within the banks these days. As a mortgage professional in good standing with RECA (Real Estate Council of Alberta), AMBA (Alberta Mortgage Brokers Association) and MPC (Mortgage Professionals Canada) I am mandated to present my clients and have them authorize a consent form that outlines what my role and responsibilities are, how I am compensated, as well as privacy and disclosure practices. As a dedicated mortgage specialist, 48 YPNEXTHOME.CA

with a financial planning designation, my mission statement is simple… finding my clients the mortgage financing option that best suites them and their situation, and doing so in a clear, convenient and professional manner. While my clients always have the choice of which chartered bank or financial institution they want me to work with on their behalf, more often than not, they choose a “monoline” lender for various reasons. For those not familiar with this term, a mono-line lender only offers one financial product… mortgages. Needless to say, you don’t have to worry about tied selling, cross selling or assumptive marketing practices as these companies don’t have any other products or services to offer. With that said, there are situations where the big Banks have mortgage products that may be better suited to a specific client and situation. If my clients determine that the bigger banks are offering a product they prefer, I am only to happy to finalize the mortgage itself, and then refer the file to the branch. Prior to handing off the mortgage file to the

MORE ADVICE ONLINE ypnexthome.ca/news/advice

branch, I make my clients aware that the branch may contact them to offer additional products or services sometime down the road. It should be noted that as a mortgage broker, it is my fiduciary duty to offer each and every client the opportunity to protect their mortgage with either life, disability, job loss, and/or accidental life insurance, but as a client, you are not mandated to take any of this coverage. 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

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

STRATHMORE 1

CALGARY

CHESTERMERE 797 LANGDON

22X

DDIS

VALLEY

HERITAGE POINTE

BLACK DIAMOND

OKOTOKS

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

WESTMERE

DEVELOPER: Melcor BUILDERS: Lifestyle Homes, ReidBuilt Homes

SHORES ON WESTMERE

DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

KINNIBURGH

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

2A 04 BUFFALO HILLS (coming soon)

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

LAKEPOINTE

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

LANGDON BOULDER CREEK ESTATES

DEVELOPER: Highfield Land Management BUILDERS: Stepper Homes, Broadview Homes

HANSON PARK

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

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

WILDFLOWER RANCH IN STRATHMORE

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

EDGEFIELD IN STRATHMORE

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

LYALTA 03 THE LAKES OF MUIRFIELD

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

SEARCH ONLINE ypnexthome.ca

50 YPNEXTHOME.CA

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2017-04-04 11:30 AM