Jun 20 - Jul 18, 2014 Volume 17 Issue 7
inside this issue
BRIDGE FINANCING: WHAT IS IT AND HOW CAN IT HELP?
001-NHCAL CVR_06-20-14_TL.indd 1
GUIDING BUYERS THROUGH THE CONSTRUCTION PHASE
CALGARY: CANADA’S ULTIMATE SPORTS CITY
6/12/14 3:20:58 PM
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contents
JUNE 20 - JULY 18, 2014 || VOLUME 17 ISSUE 7
ON THE COVER
p. 10
GENESIS BUILDERS GROUP
Versatile plan proves popular with buyers in Sherwood IN EVERY ISSUE
8
18
24 46 50
Editor’s note
COLUMNISTS
16
20
Fundamentally Speaking
Learning about mortgages proves to be time well spent by Wayne Karl
Mortgage Advice
Bridge financing: what is it and how can it help you? by Alyssa Richard
Insight
Outdoor enjoyment
29
by Brad Jackman
Calgaryism
Calgary – Canada’s ultimate sports city Do you know how you rate?
22 40
by Jason Eldridge
The Homebuying Process
Helping new-home buyers through the construction process
44
by Donna Moore
IN THE NEWS
15
Mortgages
26
Parks
Canadians lacking in mortgage literacy: survey
Foundation Calgary
Celebrates near completion of phase two of Rotary/Mattamy Greenway
by Avi
brings its popular semis back to community of Walden
HOMEBUYERS’ HELP
by Cody Battershill
Mortgage Mogul
Homes
47
Tips and Tricks Spend versus save by Sara Duck
Community Profile
Shane Homes’ Fiesta II in Hillcrest popular with buyers by Heather Ryan
Insurance Needs & Options Do you need mortgage loan insurance?
Homebuyers’ Resource Section
Mortgage calculator and rate table
district maps 13 19 23 25 27 35 37 39 45
Northwest
22
Southwest Northeast
PRESIDENT, WALL2WALL MEDIA
Okotoks
EDITOR-IN-CHIEF / DIRECTOR OF CONTENT
Jacqueline Hill Susan Legge
Southeast
DIRECTOR OF SALES, NATIONAL
Calgary region east
SENIOR SALES MANAGER, WESTERN CANADA
Cochrane
ART DIRECTOR
Josh Heppner
Edwin Rizarri
Tammy Leung
Airdrie
EDITOR
Calgary region south
CONTRIBUTING EDITORS
Wayne Karl 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
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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 m isprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.
29
EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at Susan.Legge@wall2wallmedia.com.
//EDITOR’S NOTE
Get it in writing And have your lawyer review your agreement
B
SUSAN LEGGE
EDITOR-IN-CHIEF Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge
uying a brand-new home offers you an opportunity to customize it to your liking. It can be a dream come true and an investment for the future – but don’t forget, it’s also legal transaction. The term “get it in writing” has never been more important in the case of the new-home purchase, since such a document outlines everything your home will have in it, on it and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms and conditions between you and your builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was agreed upon. Since building a home is much more complicated than a resale transaction where the unit and/or property likely already exists, there is
no set Agreement of Purchase and Sale or standard contract for buying a new home. In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements, so contracts can vary from one builder/ developer to another and from province to province. Before you sign a contract, review it carefully with the builder and ask questions to make sure you fully understand what it contains. Your next step is to then take it to a real estate lawyer and have it reviewed. Once it is signed, it becomes a legal document and an agreed-upon contract, so seeking the services of an experienced real estate lawyer is an important step toward ensuring that your dream home becomes a reality.
How is your builder handling DCs? Home builders getting creative to give buyers a break on rising Development Charges
W
WAYNE KARL
EDITOR Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl
08 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
e and other industry sources in New Home Guide have been writing more and more recently about Development Charges, trying to bring attention to this increasingly important topic – and what buyers might be able to do about it. DCs are the fees applied by various levels of government when homes are built, to pay for new roads, transit and other infrastructure. Now, we’re happy to report, home builders are getting creative, looking for ways to give buyers a break on rising new home costs. In one example in Toronto, Edilcan Development Corp., found a way to freeze DCs at 2013 levels at one its
projects – a master-planned community that involves townhomes and three condominium towers. We don’t expect that all home builders will be able to find similarly innovative solutions, but the initiative is a shining example of what can be done – while home builder associations across the country lobby government on behalf of new-home buyers. Given that these rising fees are almost always transferred right on to you, the new-home buyer – along with your associated mortgage costs – such creative efforts should be applauded. As you’re out there scouting about for your new home, ask your builder how it is handling DCs, and if there are any opportunities to save.
The Pinnacle of
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//COVER STORY
GENESIS’
versatile plan proves popular with buyers
in Sherwood » by HEATHER RYAN
A
home that provides flexibility and substantial space for growing and extended families is proving popular with new-home buyers in the northwest community of Sherwood. The Bentleigh, crafted by the Genesis Builders Group, a 2,213-sq.-ft. two-storey showhome with a front-attached garage, “is a big seller for us,” says area manager Harry Levy. “People really love this plan, which has four bedrooms and three full bathrooms upstairs because it’s ideal for families who have lots of kids, older kids or have extended family or even a nanny living with them,” Levy says. “It provides everyone with their own space.”
10 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
“What makes this home stand out is it offers an ensuite bathroom in the fourth bathroom – a feature you usually only see in more expensive homes,” he says. “The plan also offers several options allowing you to choose the design that suits your family’s needs,” Levy says, for example, the showhome has a smaller loft to accommodate the fourth bedroom and ensuite, but you can also have a three-bedroom layout with a large bonus room, a fourth bedroom without an ensuite and a smaller bonus room with a computer nook. The Bentleigh opens to a bright entry providing sufficient space to accommodate a large bench or hall table. The hardwood floor and soft colours give the home a warm, welcoming feel. Just off the entry is a front living room, with the option to close it off if you want to create a private office or den. Down the hall from the living room are a convenient half-bath and a large mud room off the garage.
GENESIS BUILDERS GROUP | Bentleigh
Heading to the rear of the home, a large opening to the right leads to a flex room designed in the showhome as a classy formal dining room, providing an intimate space for hosting friends and family. Across from it, the kitchen serves up an eye-catching granite-topped island, which provides substantial space for food prep and food service, as well as a large eating bar. The kitchen also features stainless steel appliances, 42-in. cabinets topped with risers to the ceiling, a corner pantry and a full-height tile backsplash. Adjacent to the kitchen is a bumped-out dining nook with a door to the rear deck, and across the way is an inviting family room highlighted by a stunning wall-centred fireplace surrounded in mosaic stone from floor-to-ceiling for a dynamic look. “People really like having a separate family room and living room on the main floor. We can open the flex room to make it feel bigger or close it off to create an office space,” Levy says. Upstairs, the homebuyers will adore their master bedroom that provides generous space to accommodate king sized furniture without feeling cramped, a luxurious ensuite featuring dual sinks, soaker tub and oversized walk-in shower and a separate walk-in closet that connects through to the second-floor laundry room. There are two secondary bedrooms, a full bathroom with dual sinks and a comfortable loft that is great for
“ What makes this home stand out is it offers an ensuite bathroom in the fourth bathroom – a feature you usually only see in more expensive homes” entertaining. And, of course, there is the fourth bedroom with its own ensuite. The Bentleigh is one of 10 different models being crafted by Genesis in Sherwood that range from 1,720 to 2,661 sq. ft. Genesis is currently building in Phase 3 and just released 21 lots with possibility of walkouts. “We have a few lots remaining that back onto greenspace,” Levy says. For more information on Genesis’ models and lots in Sherwood, visit the newly renovated sales centre and The Bentleigh showhome at 21 Sherwood Gate, N.W., open Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m., call 403.453.1964 or visit genesisbuilds.com JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 11
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
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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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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
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DEVELOPER: Melcor BUILDERS: Shane Homes, Reid Built Homes, Landmark Homes, Homes by Avi
12 BEARSPAW WILLOW CREEK BE
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DEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Group, Passion Homes, Reid Built Homes, Today’s Homes www.genesisbuildersgroup.com
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BANFF
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144 AVE. NW
AN AG SH
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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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 13
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disconnect from the everyday With 46 acres of parkland, connected by 5 kilometres of paved pathways, Watermark at Bearspaw is a community built for savouring the moments that really matter. Named Canada’s best community, two years in a row – 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.
Custom and Quick Possession Homes starting at $1.2 Million.
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//ask an expert
What to consider before you start an outdoor project
Q&a
Q&A
ask an expert by HeatHer rYan
or a gazebo, he says. And, check building codes and bylaws Q: We purchased a new home and want to know what we and obtain the necessary permits before you start. should be aware of when beginning our outdoor projects? ASK AN EXPERT: by HEATHER RYAN After the deck, prepare the yard for shrub beds. Many A: “Grading is the most important thing to be aware of when homeowners put flower beds up against the house, however, doing any project,” says Ron Heggs, director of special projects Heggs cautions against placing those against the foundation for Shane Homes. “Before starting any work in your new yard you need to first get a grading certificate. You normally get this wall if they need a lot of water because that water could potentially seep into the basement. certificate from your builder once the grading and loaming of He suggests putting gardens against the fence and garage. the property is completed. However, if you have a fence against a drainage swale in your “It’s important that you maintain the grade once you get backyard, avoid putting gardens all along it. “You can do some the certificate and start your project,” Heggs says. “It doesn’t corner beds, but leave room for the water to drain into the swale.” take much to go from a foot to four inches of slop, so you really If you’re planting trees, think about how big they will get; you need to be aware of what you’re doing when prepping your lawn don’t want them hitting the house, deck or fence in years to come. or putting in shrub beds. You want to make sure what you’re Heggs recommends bringing in the materials you’ll need doing doesn’t interfere with how the water will drain from your for the lawn and shrub beds, before building the fence that property and that it doesn’t affect your neighbour’s property.” way no one is walking on a newly sodded or seeded lawn to As well, Heggs says, there is going to be some settlement build something. of the yard, especially if the home was built in the winter, and Also, before starting any project locate there is settlement even after the grading and loaming, so he all utilities and know the location of your suggests waiting a few months before you start any project. property line. When planning your backyard projects, start with a deck 14 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
//IN THE NEWS
Canadians lacking in mortgage literacy: survey The majority of Canadian adults (61 per cent) don’t know what options are available to them if they can’t pay their mortgage, according to a survey of 1,500 Canadians by Lawyers’ Professional Indemnity Company (LAWPRO). Another key finding – 79 per cent of Canadians currently own or have considered purchasing property – paints the picture of a nation that values homeownership, but lacks the mortgage literacy necessary to safeguard their biggest asset. “Arming yourself with knowledge is key,” says Ray Leclair, vice-president at LawPRO. “If you’re experiencing financial difficulties, you don’t have to go to your lender alone and unprepared. Speaking with a lawyer is an investment in learning your rights and obligations regarding a mortgage you can’t pay. An experienced real estate lawyer can also help you find solutions and strategize how to protect your most significant asset.” The survey findings were particularly alarming for the 18- to 34-year-old age group, as almost three quarters (74 per cent) of Canadians in this group don’t understand their options if they can’t make a payment. Understanding mortgage terms and options is more important than ever. Economic and employment concerns mean that income and mortgage payments can be less secure. There may be a number of solutions available if you are having difficulty meeting your mortgage payments, or expect to miss payments in the future: » Restructuring your payments » Refinancing with your lender or another lender » Working out an agreement to make forward payments despite missed payments in the past » Reviewing revenue possibilities from the property » Selling your home on your terms » Reaching out to friends/family for a loan A lawyer can provide valuable advice and insight as you consider your options. For example, if parents, other family members or friends offer to help meet your payments via a loan or gift, a lawyer can develop agreements to clarify whether the funds represent an ownership interest, or set the terms of repayment. “If you’re behind on your mortgage payments, other priority payments associated with the property, such as taxes, condominium fees and utility bills may also be affected,” adds Leclair.
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//FUNDAMENTALLY SPEAKING
Mortgage essentials It’s a hot topic in a changing landscape, so learning as much as you can is time well spent » by WAYNE KARL
WAYNE KARL
is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – 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
Mortgage interest rates, still at historical lows and expected to remain so until later this year and maybe even into 2015, represent a window of opportunity for those looking to buy a home. The Bank of Canada, in its latest rate announcement on June 4, once again held its influential overnight target rate at one per cent – where it has been since September 2010. Indeed, the mortgage industry remains ultra-competitive, lenders often introduce new products and otherwise there are plenty of options for borrowers. If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there has been some talk recently about cooling prices and softening sales. But even if that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, the banks, financial fi rms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down
16 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances. The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching potential neighbourhoods, choosing a home and selecting interior finishings. But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever. It will prove to be time well spent.
//mortgage advice
Bridge financing – what is it and how can it help you? » by alyssa richard
Alyssa Richard
is the Founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.
It’s unlikely that the first home you buy will be the one you stay in forever. At some point, you’ll want to sell and buy a new home – either to upsize, downsize or move to a new location. And when you find yourself in that situation, there’s a good chance you’ll be relying on the equity from your existing home to help you purchase your next one. Unfortunately, you could get stuck in a situation where the closing date for your new home is before the closing date of the home you’re selling, which leaves your down payment tied up in equity. Mortgage brokers estimate that 20 to 30 per cent of Canadian homeowners find themselves in this situation; if you’re one of them, bridge financing is the tool that can help you out of it. How does a bridge loan work? Well, let’s say the closing date for the home you’re buying is 40 days before the closing
To qualify for a bridge loan, all you need is a copy of the Sale Agreement from your existing home and the Purchase Agreement for your new home. 18 New home Guide | jun 20 - jul 18, 2014
date for the home you’re selling. A bridge loan is simply a loan for the amount of equity you want to take from your existing home that covers you for those 40 days. Bridge loans are automatically repaid when your sale goes through and your equity is put against the mortgage on your new home. Because bridge financing is so common, all of the big banks offer it to their mortgage customers. (Note that some smaller lenders and credit unions do not.) Most lenders are comfortable lending up to $200,000 for as many as 120 days. If you require a larger loan or an extended period of time, you may need to hire a real estate lawyer, which makes the financing process more expensive, as legal fees will be involved. Of course, as much as a bridge loan is meant to help you out with your home purchase, it is still subject to interest – often at a rate similar to an open mortgage or a personal line of credit (such as Prime plus two or three per cent). The interest rate may seem high, but remember it’s only charged for a short period of time, before the equity from your first home will be available to repay the loan. Your lender may also charge a flat administration fee in the range of $200 to $500. To qualify for a bridge loan, all you need is a copy of the Sale Agreement from your existing home and the Purchase Agreement for your new home. Oh, and firm closing dates on both properties – without them, you may need to get a bridge loan from a private lender, who will charge you a much higher interest rate than what one of the big banks would. Good luck!
BAN
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7
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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
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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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 19
//INSIGHT
OUTDOOR ENJOYMENT Âť by BRAD JACKMAN
A
s Calgary matures and grows, some homes are surrounded by landscaping that is outdated, falling apart or simply not appealing to the homeowner. One should never underestimate the many benefits of creating a usable functional outdoor living space customized to your wants and needs. It is important to understand that quality landscaping requires substantial investments of time and money. Therefore, having a budget and planning around it is critical. Homeowners should consider what kind of space they desire. Must it be safe for children? How much entertaining
will you do? Are you a gardening green thumb? Or would you prefer no maintenance at all? These are the types of important questions you should have answered, in order to create a landscape concept that works for you. Many homeowners underestimate the work associated with landscaping, or the knowledge required to produce a quality outdoor living space. Do-it-yourselfers 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. The key to longevity is quality construction. Landscape 360. Professional Landscape Construction.
20 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
andscaping improves your L quality of life, increases the value of your home and adds a little personal flare to your home’s exterior. Landscaping is a process that’s built in layers. Hiring professionals with the proper knowledge base who use high quality materials is a must. 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 a little personal flare to your home’s exterior. Your landscape options include custom decks, patios, walkways, garden beds, trees, shrubs, lighting, fences, irrigation, drainage solutions, boulders, retaining walls, water features and outdoor kitchens. 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 and which is open to you talking with past clients. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect. A locally owned and operated Calgary based company, Landscape 360 specializes in residential, estate and acreage landscape construction. 403.452.0360 | landscape360.ca |
like us on facebook JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 21
//TIPS AND TRICKS
Spend p vs.
Just bought a new home and on a tight budget? Don’t fret! With expert advice from Toronto-based interior stylist Paul Semkuley, we show you where to spend and save your precious pennies for each room in your house.
Save
BEDROOM
» by SARA DUCK
SPEND Mattress & Box Spring | Approx $1,500 – $3,000 Although it is the least glamourous item to buy for the bedroom, it is the most important. A good mattress will make all the difference in getting your beauty sleep each night. “The mattress should last you at least 10 years,” says interior stylist Paul Semkuley. “Especially when you purchase it with the coordinating box spring – as it absorbs up to 50 per cent of the body’s impact.” Semkuley also suggests getting comfy and cosy in store by laying on it like you would normally sleep, to see if the mattress is a right fit. Whether you prefer a mattress that is firm, made of organic material or one that comes with a pillow top for extra comfort, buy the best one you can afford.
SAVE
1
2
Pssst! TIP Don’t try to save money by using an old foundation or box spring with your new mattress. A mattress paired with its new box spring work together for all around better support, and keeps the mattress in shape longer.
3
4
1. Emmie Spets Sheet Set in White. $45. VISIT IKEA.CA 2. Seagrass Block Headboard. $200-$390. VISIT PIER1.Ca 3. Table Lamp. $70. VISIT BOUCLAIR.COM 4. Hemnes Three Drawer Chest in Gray-Brown. $150. VISIT IKEA.CA 22 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
FACT A study conducted in the U.S., Canada, Mexico, UK, Germany and Japan found that a comfortable sleep surface and cosy sheets and bedding were rated the most important romantic elements in all six countries. ...continued on pg 28
PANORAMA ROAD
STONEY TRAIL
4 3
52 STREET
HARVEST HILLS
METIS TRAIL
MONS VALLEY ROAD
›› NORTHEASTCOMMUNITIES COUNTRY HILLS BLVD.
IN
GT
TR
AI
NAP I TR
AIL
ON
80 AVENUE
1
IE
BL
VD
32 AVENUE
14 STREET
.
64 AVENUE
MCKNIGHT BLVD.
68 STREET
UR
CENTRE STREET
LA
64 AVE.
FALCON RIDGE
SHA GAN N
L
2
CALGARY INTERNATIONAL AIRPORT NOSE HILL PARK
OH
68 STREET
ER FO OT
DD
DE
BE
36 STREET
TR AI
L
5 COUNTRY HILLS BLVD.
16 AVENUE
16 AVENUE
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 23
//CALGARYISM
Calgary:
CANADA’S ULTIMATE SPORTS CITY! » by CODY BATTERSHILL
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
Calgary has been named the fi fth ultimate sports city in the world, and with no other Canadian cities ahead of it in the rankings, this also makes it tops in Canada! Calgary’s place as one of the top sports cities in the world was announced at the global SportAccord Conference held in Belek, Turkey in April, as part of the Ultimate Sports City Awards. These awards are the longestestablished of their type, held every two years since 2006 and are fully recognized by the international community. Way to go Calgary! HERE ARE THE TOP 10 ULTIMATE SPORT CITIES OF 2014 01 LONDON Score of 662, city of XL size 02 MELBOURNE Score of 637, city of L size 03 AUCKLAND Score of 614, city of M size 04 COPENHAGEN Score of 536, city of M size 05 CALGARY Score of 534, city of S size 06 MANCHESTER Score of 493, city of S size 07 SYDNEY Score of 484, city of L size 08 GLASGOW Score of 479, city of S size 09 NEW YORK Score of 470, city of XL size 10 BERLIN Score of 445, city of L size
24 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
SportBusiness Ultimate Sports Cities head judge Rachael Church-Sanders commented on Calgary’s first ever appearance and success in the rankings as the best “small” city. “Calgary swept the board through its achievement of high rankings for categories like security, event strategy, hosting, public sports interest/tourism and legacy. It is truly a worldclass sports city that puts sports at the centre of its very being. "Prime examples would be its hosting of the annual Calgary Stampede and Spruce Meadows horse events that have much history behind them, as well as the growing and dynamic Calgary Sports and Entertainment Corporation. "They have shown that Calgary has a robust calendar of cultural and sporting events that all lay under one major umbrella – the Calgary Sport Tourism Authority. "Calgary is a city that has strongly embraced the 1988 Winter Olympic Games and continues to honor that legacy through renovations of those buildings used in the games and planning that continues their involvement in local activities and events.” It’s very true – sports are closely tied to much of the best entertainment our city has to offer. Whether it's zip-lining or skiing at Canada Olympic Park, taking in the rodeo at the Calgary Stampede or a hockey game at the Saddledome, our sports facilities will continue to be important focal points in the community today and for many years to come. JOIN US Want to learn more about the “Heart of the New West,” also known as Calgary? We invite you to join us and thousands of other people at Calgaryism on Facebook, Instagram and Twitter today!
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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 25
//IN THE NEWS
PARKS FOUNDATION CALGARY
celebrates $40-million partner commitment with near completion of phase two of Rotary/Mattamy Greenway More than $40 million of the $65million cost of the Rotary/Mattamy Greenway – which when completed will be the largest urban system of pathways and parks in the world – has already been raised by Parks Foundation Calgary.
“This is truly a remarkable example of
the collaborative community spirit of
Calgary,” says Mayor Naheed Nenshi,
upon completion of Phase Two of the three-phase project.
The success to date was celebrated at a
family-friendly event in the Brookfield Residential community of Cranston.
Brookfield was the first of five developers to support the project, by putting pathways
and other amenities in its neighbourhoods.
The Greenway is the 29-year-old Parks
Foundation’s biggest project yet. When completed in 2016, it will be a 138-km network of natural spaces, parks,
playgrounds and pathways around the city. Calgary-Glenmore MLA Linda
company is proud to be part of a project that is “so unique – in both scale and vision – to this city.
“At Brookfield, we know Calgarians believe that providing
Johnson lauded the Greenway as an
paths and public spaces for all to enjoy is essential to building
partnerships working to encourage healthy
Calgarians’ lives and connect residents to the natural beauty of this
excellent example of private-public
lifestyles, while showcasing the beauty within the province’s urban centres.
The second phase of the 138-km
Greenway goes from the Western Irrigation
community,” says Allen. “The greenway will enhance so many
area. Thank you to the Parks Foundation, the City of Calgary and everyone involved in forging a shared path towards health, community and sustainability. “
Other Phase Two partners supporting the Greenway project
District (WID) Canal on the eastern border
include the City of Calgary, Hopewell Residential, Bonavista
the highway at 52nd Street S.E., and
Jim Davidson, Pembina and Trans Canada Corp.
of Calgary to Highway 22X, crosses over
traverses the communities of Auburn Bay,
Energy, CNRL, Crescent Point Energy, First Energy Capital Chair The third phase of the project will take the Greenway from
Seton and Cranston before entering Fish
Airport Trail through the neighbourhood of Cityscape, then
a major spur into Mahogany.
northeastern tip of the city, SkyView Ranch and Redstone.
Creek Provincial Park. Phase 2 also includes David Allen, president Calgary
connecting with two new, side-by-side communities on the most From there, the Greenway traverses west to 12-Mile Coulee,
Communities for Brookfield Residential,
then south to connect into Baker Park, Bowmont Park and
its three southeast communities of
Trail and 37th Street to the west edge of Fish Creek Park, which
which is including Greenway amenities in Cranston, Auburn Bay and Seton, says the 26 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
Edworthy Park. The pathway will then travel south along Sarcee completes the 138-km loop.
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
cLE
Ma
2 AVENUE
6
7 NE
LOR
06 McKENZIE TOWNE CL D. VO R BLV
B
W O
AKE
SHAWNESSY BLVD.
M
IL TRA
2
TR
3
8
AIL
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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 27
//TIPS AND TRICKS...continued
BATHROOM SPEND Vanity & Countertop | Approx $2,500 – $4,000 You may think this is an odd pick to invest your money in, but the vanity is a key item for the bathroom. Don’t forget you will be using the vanity every day, multiple times, opening and closing doors and exposing it to moisture. “The most important need of the vanity must be function,” says Semkuley. “Spending more on cabinetry that is made of solid wood will last much longer in a “wet” environment, than those made of a pressed wood compound.”
SAVE 1
Pssst! TIP Buy a vanity that is proportioned to your space. You may have room for a big vanity but little room for anything else.
2
FACT In 1890, the Scott Paper Company manufactured toilet paper on a roll, much as we know it today.
3
4
1. Heritage Aged Iron Chandelier by Hampton Bay. $99. VISIT HOMEDEPOT.CA 2. The Beverly Mirror by Tangerine Mirror Co. $80. VISIT HOMEDEPOT.CA 3. Fiona Bath Towels in Coral. $14. VISIT BEDBATHANDBEYOND.CA 4. Simply Fine Lenox Chirp Bath Ensemble. $50. VISIT BEDBATHANDBEYOND.CA 28 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
...continued on pg 32
//IN THE NEWS
Homes by Avi brings its popular semis back to Walden Homes by Avi has reintroduced its popular semi-detached homes to the southeast community of Walden. This is the second time that the homebuilder has offered this versatile product in Walden, with the first lots selling out in record time. “Our Walden semi-detached homes are very well received,” says Karl Bursnell, sales manager for Homes by Avi. “Customers like that they can enjoy the benefits of a singlefamily home, like a private yard and the ability to build a garage, but at a more affordable price point. And there are no condo fees to worry about like with a multi-family unit.” Bursnell also attributes the popularity of Homes by Avi’s
semis to the enticing list of inclusions, such as nine-ft. main floor ceilings, hardwood, quartz in the kitchen and front landscaping. “They offer a complete package, so they really appeal to young professionals who want to enter the market with a comfortable, inviting home, as well as those who want to downsize, but still desire some extra space for entertaining friends and family.” Interested parties can tour the semi-detached showhomes now open at 350 Walden Dr. SE. More information on these and other Homes by Avi product offerings is available at homesbyavi.com JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 29
30 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 31
//TIPS AND TRICKS...continued
KITCHEN SPEND Free-Standing Range | Approx $2,000 – $5,000 Appliance shopping can be daunting – especially when you are deciding on a big purchase such as a free-standing range (hot plate on top, oven underneath). But this important appliance will make your cooking life easier if you spend a little more on a quality piece that is tailored to your needs. “Having a gourmet range will make a huge statement in your kitchen. It will definitely add value to your home while you live there and especially if you plan to sell your home,” says Semkuley.
1
SAVE
2
3
Pssst! TIP There are plenty of options out there when it comes to your range, such as gas, electric and induction. Determine which type you will use based on what you have available and your personal cooking preference. FACT A study conducted by Visa Canada suggests 60 per cent of Canadians eat out once or more a week.
4
1. Bodum Chambord Four Cup French Press with Locking Lid. $50. VISIT THEBAY.COM 2. Royal Doulton Gordon Ramsay Maze White Dinnerware. $100 FOR 16-PIECE. VISIT BEDBATHANDBEYOND.CA 3. Hamilton Beach 1.7L Dome Electric Kettle, $60. VISIT THEBAY.COM 4. Gourmet Settings Non-Stop Flatware. $50 FOR 20-PIECE. VISIT BEDBATHANDBEYOND.CA 32 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
...continued on pg 34
Walk this way. F PH IN AS AL E
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
470s
$
INCL LOT + GST
Tour 2 new model homes at
n n n n n n
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
//TIPS AND TRICKS...continued
LIVING ROOM SPEND Sofa | Approx $3,500 – $5,000 The living room is the main hub of any home. It’s where you will do most of your entertaining and it’s the place you will go to snuggle and watch movies together. It’s important, then, that you invest in a sofa that not only looks good, but is comfortable, durable and functional for your space. Paying a little extra now, means a sofa that will last through the years. “When you have great bones in a sofa, you can always reupholster it, knowing that you will have the comfort that you have enjoyed for so many years,” says Semkuley.
1
2
SAVE 3
Pssst! TIP When sofa shopping,
look for a sturdy frame, one that does not wobble or creak but sits squarely on the floor. Also, pay attention to fabric detail – you want a fabric that will wear well for every day use.
FACT According to BBM Canada, the average Canadian adult watches 30 hours of television a week.
4
1. Bendale Rug. $134 FOR 5 X7. VISIT RONA.CA 2. Floor Lamp. $140. VISIT BOUCLAIR.COM 3. Box Frame Coffee Table in Mango Wood. $429. VISIT WESTELM.COM 4. Sequined Striped Pillow. $49. VISIT CHAPTERS.INDIGO.CA 34 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
PAUL SEMKULEY
Toronto-based interior stylist is the Principal of Re:Source Lifestyles – he combines his love of art, fashion and design to offer a unique styling and design firm. Visit resourcelifestyles.com
›› 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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 35
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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›› COCHRANECOMMUNITIES RA
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261
1
DR.
HL
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DR
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RD 42
NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.
E
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RIV
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7
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01 HERITAGE HILLS
05 MONTERRA ON COCHRANE LAKE
02 JUMPING POUND RIDGE
06 WESTPOINTE ESTATES
DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Trico Homes, www.jumpingpoundridge.com BUILDERS: WestView Builders, Kingsmith Homes
03 SUNSET RIDGE
DEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi
04 RIVERSONG
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3
RA NG ER
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6
43
4A VE N
RD
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DEVELOPER: Tamani BUILDERS: Innovations by Jayman, Sabal Homes, Jager Homes, Jayman MasterBUILT, NuVista Homes, Trico Homes
DEVELOPER: Medallion Development Corp. BUILDERS: Prominent, Modena, Cornerstone, Brooklyn, Astoria Custom Homes
DEVELOPER: MGM Developments. BUILDERS: Mapleland Homes, Kingsmith Homes
07 FIRESIDE
DEVELOPER: La Vita Land BUILDERS: Calbridge, Janssen, Kingsmith, Landmark, Reidbuilt www.firesidecochrane.com
08 HEARTLAND
DEVELOPER: Apex Developments BUILDERS: Excel Homes www.heartlandcochrane.com
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 37
RANGE RD 40
HORSE CREEK RD.
NG
1A
1A
›› 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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 39
//SHOWHOME REVIEW
Shane’s Fiesta II in Hillcrest
POPULAR WITH BUYERS » by HEATHER RYAN
S
howcasing a number of popular features people come to expect in a larger home, but in a smaller, more affordable package, has made Shane Homes’ latest showhome in Hillcrest a hit with new-home buyers. “The Fiesta II is one of the most favourite, family-friendly, budget-friendly models in Hillcrest,” says Karen Kotchar, co-area manager with Jeff Brodowski. “It’s one of our most popular plans under 2,000 sq. ft.; people love the design and features and they say it feels much larger than it is,” Brodowski says. “It’s a very family-oriented home with a good sized kitchen that you often see in 40 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
much larger homes and it has everything that young families look for, such as a walk-through pantry, upstairs laundry room, large bonus room and spa-like ensuite. “It has a very functional design that families can grow into; it’s a great move up home,” he says. “Our homes are $50,000 to $100,000 less than in Calgary, with lots that start at $111,000 yet you’re just seven minutes away, and we’re on the highest point in Airdrie in an upscale community minutes from shopping.” Offering 1,923-sq.-ft. of living space, this two-storey, front-attached garage showhome offers a range of
exceptional standard features and numerous optional layouts to suit the various needs of buyers. Stepping inside the Fiesta II, the bright open foyer offers plenty of room to greet guests as well as space for a hall table or bench and you’ll love the tile floor that spans most of the main. Off the entry is a convenient half-bath and a door opens to the short hall that leads to the garage entry and mudroom. A bonus feature on the main floor is the walk-through pantry and “people love the amount of space and storage it supplies,” Brodowski says.
SHANE HOMES | Fiesta II in Hillcrest The kitchen is a feast for the eyes with a massive dark granite-topped island at its focal point. The island provides plenty of food prep space and a huge breakfast bar – ideal for casual meals or for guests to pull up a stool and socialize with the hosts. The kitchen also features granite countertops, a full-height glass subway tile backsplash, loads of cabinetry including a built-in wine rack and microwave niche and upscale appliances including a cook top and built-in wall oven. Adjacent to the kitchen is a huge dining nook that provides substantial space for a large table and you can even expand the entertaining to the outdoors through a single door to the rear deck. Across from the kitchen, the expansive great room is highlighted by a wall-centred fireplace surrounded in tile and topped with a wood mantle and an open niche for displaying your decorative items. Upstairs, you’ll adore the impressive owners’ suite that offers a relaxing space that can accommodate king-size furniture, an inviting ensuite with dual sinks in a long granite-topped vanity, corner soaker tub, glass walk-in shower, granite-topped make-up table and a large walk-in closet. Down the hall are two generous sized rooms for the kids, a full bathroom with granite-topped vanity and a good sized laundry room. A huge bonus room at the front of the home provides a great place for kids to entertain friends or for the family to relax and enjoy a movie night and there is even additional room to place a desk for a study area or to surf the Internet. Shane Homes also has the Tofino II showhome on parade in Hillcrest. The showhomes, at 109 and 113 Hillcrest Dr. in Airdrie, are open Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m. Call Jeff or Karen at 403.536.2316 for more information about these showhomes, other models and lots available in Hillcrest, or visit shanehomes.com JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 41
GETTING MORE FEELS GOOD. Innovations homes are built to give you more space without having to spend more money. When your home is that much bigger than you expected, the sky looks bluer, the sun seems brighter, and your TV seems, well…you might need a new TV.
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6/11/2014 4:27:34 PM
43
//insurance needs & OPTIONS
Do you need
mortgage loan insurance? Buying a new home and not sure if you need mortgage loan insurance? Well, if you’re making a down payment of less than 20 per cent of the purchase price (what’s known as a high-ratio mortgage), your lender will almost certainly require you to have mortgage loan insurance. What many consumers don’t realize, however, is that this insurance doesn’t protect you, the homeowner – it protects your lender against mortgage default. But since the mortgage is insured – essentially guaranteed by Canada Mortgage and Housing Corp. – this program also enables consumers to purchase homes with a minimum down payment of five per cent.
What many consumers don’t realize, however, is that this insurance doesn’t protect you, the homeowner – it protects your lender against mortgage default. 44 New home Guide | jun 20 - jul 18, 2014
Mortgage loan insurance is not to be confused with mortgage life insurance, which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate. The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums. If you’re putting down five per cent as a down payment and mortgaging the balance, your loan-to-value (LTV) ratio is then 95 per cent. Generally speaking, the higher the LTV, the greater the premium for mortgage loan insurance. For example, for an LTV of 95 per cent, the standard premium is 2.75 per cent of the purchase price; for an LTV of 90 per cent, it’s two per cent; for an LTV of 85 per cent, the premium is 1.75 per cent, and so on. The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments. Without mortgage insurance, you may avoid the insurance premium, but you could also pay higher interest rates for the mortgage, as well as additional administrative fees. At the end of the day, for the vast majority of borrowers, the cost of CMHC Mortgage Loan Insurance is more than fully offset by the savings achieved. Under the CMHC Green Home program, buyers may qualify for a 10-per-cent premium refund and extended amortization period without surcharge, for mortgages used to finance an energy-efficient home. For more information, visit cmhc-schl.gc.ca
›› 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
JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 45
//mortgage mogul
Do you know how you rate? » by JASON ELDRIDGE
Since the downturn of the economy more than five years ago, financial institutions and various credit adjudicators have tightened the reins on their lending policies, and in particular, pay much greater attention to an individual’s past credit experience than ever before. Nowhere has this been more evident than in the mortgage industry. With foreclosures at historic levels, most lenders, insurers and their investors have reduced their product offerings, while at the same time, they have placed considerably more emphasis on a client’s credit (beacon) score when making their final decision. Still, there are a number of things you should know, not only when it comes to you qualifying for a specific credit product, but also in maintaining a good credit rating in general. Due to the level of fraudulent activity that is occurring in the world today, it is prudent that you check your credit report on an annual basis to ensure that all account information that is contained in the report is accurate. There are two main credit report providers in Canada; Equifax and Transunion. Each of these providers can be accessed online at econsumer.equifax.ca and transunion.ca, respectively. When applying for credit, it is important that you don’t apply to several different banks or financial institutions within a short time of each other. Each time you do so, it is referred to as a “hit,” and this may result in your score dropping enough to prevent you from qualifying for that particular credit product. In the case of purchasing a home or refinancing your existing property, it is beneficial to use the services of a mortgage broker as we typically access your credit report once, and supply it to the various financial institutions for review. If you access your own credit report by contacting either Equifax or Transunion directly, this does not represent a “hit” on your file and therefore does not impact your score. In order to get your score as high as possible, you may want to consider doing the following. It is best to make at least the minimum payment required for that particular credit card or line of credit each month. If possible, keep your balance(s) at or below 75 per cent of your credit
46 New home Guide | jun 20 - jul 18, 2014
limit(s). In the event that you are either late with a payment or your account has gone to collection, it is vital that you bring the account up to date as soon as possible. You would be amazed how much your score will drop if you are so much as 30 days late on an account, regardless of how much or how little that minimum payment required is. The good, the bad and the ugly stay on your credit report for a minimum of six years. In situations where there has either been serious delinquency or a bankruptcy in the past, it can be very difficult to re-establish one’s credit rating. One of the easiest ways to do so however, is to get a cash secured credit card. It is recommended that you get a limit of at least $1,500, which means you need to pledge at least that much money as security. In order to qualify for a mortgage, you need to have at least two credit products with a minimum of a $1,500 limit, and they need to have been open for at least a year with no repayment issues. If you hold the card for a year and continue to make the minimum payment each month, you will find your credit score will go up significantly. This same approach may be used in situations where a client doesn’t have any credit whatsoever. Individuals with no credit history are often viewed in the same light as those clients with bruised or poor credit ratings, because there is no previous credit to base their decision upon. 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
47
//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.
48 New home Guide | jun 20 - jul 18, 2014
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
Multiply this figure by the amount you need to borrow. Divide by 1,000.
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.
» 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.
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
2.990
3.040
3.390
Alterna Bank
2.600
4.000
2.980
2.980
2.980
2.940
3.140
Alterna Savings
2.600
4.000
2.980
2.980
2.980
2.940
3.140
Bank of Montreal (BMO)
3.000
4.000
3.140
3.040
3.850
4.390
4.990
Bank of Nova Scotia
3.100
4.550
3.290
3.140
3.440
3.940
4.790
Bridgewater Bank
-
-
4.800
4.700
5.250
-
5.250
CIBC Mortgages
3.000
4.450
3.090
3.040
3.750
4.240
4.990
Caisses Desjardins
3.000
4.400
3.140
3.240
3.750
4.390
4.890
Canadian Western Bank
3.200
4.000
3.140
3.040
3.750
4.390
4.990
Canadian Western Trust
3.200
4.000
3.140
3.040
3.750
4.390
4.990
-
6.200
2.990
3.250
3.290
2.990
2.990
2.550
-
3.090
3.040
3.090
3.190
3.090
Effort Trust
-
4.450
3.250
3.600
3.700
4.600
4.950
Equitable Bank
-
-
3.140
3.040
3.750
4.540
4.940
First Calgary Financial
-
4.000
2.890
2.890
3.190
3.390
3.290
First National Financial
2.500
3.950
2.990
2.590
2.790
2.870
3.190
FirstOntario Credit Un.
2.700
4.240
3.090
3.140
3.290
2.890
3.040
HSBC Bank Canada
3.100
4.450
3.600
3.950
4.450
4.990
5.340
Investors Group Trust
3.000
4.200
3.140
3.140
3.750
4.640
4.990
London Life
3.000
4.200
3.140
3.140
3.750
4.640
4.990
Manulife Bank
2.700
4.450
3.000
3.050
3.100
3.140
3.190
Manulife Trust
-
4.450
3.000
3.050
3.100
3.140
3.190
Meridian Credit Union
2.600
4.000
3.090
3.140
3.650
4.390
2.950
National Bank
3.000
4.400
3.140
3.040
3.750
4.390
4.790
-
4.500
3.150
3.500
3.950
3.950
3.490
President’s Choice Fin’l
3.000
6.190
3.390
3.240
3.590
3.690
4.090
Royal Bank of Canada
3.000
3.140
3.140
3.040
3.750
4.540
4.940
Servus Credit Union
-
4.000
3.140
3.040
3.750
4.240
4.790
Steinbach Credit Union
-
-
2.650
2.800
2.900
2.950
3.100
T-D Mortgage
3.000
4.000
3.090
3.040
3.440
3.940
4.790
Tangerine
3.000
-
3.190
3.240
3.490
3.690
3.990
Comtech Credit Union DUCA Financial Services
Peace Hills Trust
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
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 MAY 26, 2014. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2014 CANNEX Financial Exchanges Limited. All rights reserved.
jun 20 - jul 18, 2014 | New home Guide 49
//THE HOMEBUYING PROCESS
Helping new-home buyers through
the typical construction process » by DONNA MOORE
DONNA MOORE
Executive Officer, Calgary Region Home Builders’ Association 403.235.1911 crhba.com
With the increasing in-migration to Calgary, it stands to reason many people will be looking to buy a new home this year. For those who have never gone through the process of buying a new home, it can be a daunting task and often leads to a number of questions about the construction process. Many new-home buyers will want to know answers to questions such as: How long will it take to build? What order are things done, and when do you make final decisions about features and finishings? Your home builder is a great resource to help answer these and other questions that may arise during the home-building process. However, to help you further, here is an outline of the typical construction process. Keep in mind that this is a generalized description – your own builder may use a different approach. The process and schedule will also be affected by the size and style of the house, construction techniques used, the amount of customized work being done and other factors, so be sure to ask your builder for the specifics on your own home. Typically, before any construction begins, plans for your home are developed, finalized and required permits are obtained. Construction begins with the foundation, so your house is staked out and the land is prepared with often the topsoil being removed and piled elsewhere for later use. Excavation is done and the footings are formed and poured. Utilities such as water, electricity, telephone and cable services may be brought in at this time. The foundation walls are erected and the foundation may be insulated and damp-proofed. Weeping tiles are installed to drain ground moisture away from the house. A city inspection of the foundation will be conducted before the outside perimeter is backfilled. At this time, your builder may ask you to begin making your selections for interior finishings, such as type of flooring, tiles, cabinets and paint. While it will be weeks before these items are needed, they are usually ordered early to prevent delays. Next, exterior walls, interior partitions and the roof are assembled. Roof trusses are most often brought to the site ready for installation, and roofing is completed and windows and doors are installed with the goal to “lock up” the home as quickly as possible to protect it from the elements, especially
50 NEW HOME GUIDE | JUN 20 - JUL 18, 2014
at this time of year when Calgary’s weather can go from sunny to rainy in hours. Then, the basement floor is installed and electrical and plumbing services are roughed in, plus ducting for heating, cooling and ventilation is installed. The city will require a structural inspection at this time to ensure the home is being built according to code, plus electrical and plumbing inspections will be conducted as well. For the next several weeks, a great deal of work will happen inside and out, much of it at the same time and during this period of work your builder will likely provide updates and ensure selections and other decisions are made. The exterior walls and the roof are insulated and a vapour barrier is applied. Another inspection will occur to ensure this work has been done properly, before the drywall is installed. Heating and cooling systems are installed, including fireplaces. Now the finishing touches begin as walls and ceilings are painted, flooring is put down and cabinets are installed. Plumbing and electrical fixtures are put in, trim is applied and interior doors are hung. Outside, siding, porches and decks, final lot grading and driveway and walkways are completed. Several additional inspections occur at this point. Finally, your builder will complete the final touches and clean up, and ask you to do a walk-through inspection of the home with them to check for any deficiencies that may need to be addressed. Then any last-minute touch-ups will take place. On the date of possession, you will be handed the keys – the home is now yours, so enjoy!
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mattamyhomes.com
Wherever We Build, We Protect The Environment. In our communities of Windsong in Airdrie, Lakepointe in Chestermere and Cityscape in North Calgary, we build around the environment in each community to be enjoyed by all who live there. Each of our communities are planned to include natural features such as walking/biking trails and plenty of spacious parks and playgrounds where homeowners can gather to enjoy time with friends and neighbours. We believe that showing how to preserve nature sends a clear message as to what is important to families in a community. In a Mattamy community, you’ll find that nature is your neighbour.
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Sales Centre Hours: Monday - Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.
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2014-06-11 1:17 PM 2014-06-12 11:12 AM