Calgary New Home Guide - Dec 6, 2013 by NextHome

Dec 6, 2013 - Jan 3, 2014 Volume 16 Issue 13

VISIT JAGER HOMES’ NEW SHOWHOME IN RAINBOW FALLS. inside this issue

WHY YOU SHOULD CARE ABOUT DEVELOPMENT CHARGES

001-NHCAL CVR_12-06-2013.indd 1

WARRANTY A KEY ADVANTAGE OF BUYING A NEW HOME

THE BENEFITS OF USING A MORTGAGE BROKER

11/28/13 1:50:44 PM

mattamyhomes.com

Lakepointe

For A Limited Time Save Up To $15,000 And Move In By Spring.

Lakepointe is a very special neighbourhood right on the shores of Chestermere Lake and just down the street from the heart of Chestermere. You’ll find WideLot™ Townhomes, Semi-Detached Homes and stylish Double Car Garage Homes. And right now you’ll find great savings on early move in homes that you can move into by April, 2014.

All the early move in homes come with useful features such as 9' ceilings on the main floor, granite countertops in the Kitchen, hardwood flooring and all set up for a rec room. If you want a special, natural, scenic place to live, we invite you to come for a tour of our 2 Showhomes. And right now for a limited time we are offering special savings of up to $15,000 on select early move in homes. Contact our Lakepointe Sales Centre for complete details on these special opportunities.

Airport 10 mins. To Calgary

Paradise Road

Trans-Canada or 1 6th

Ave .

West P Driveark

Sales Centre

17th Ave.

Chestermere Lake

Sales Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm. Follow us: All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

Calgary_New Home Guide_(LP)Dec 2013.indd 1 002-Mattamy 12-06-13.indd 999

11/20/13 3:58 PM 2013-11-27 11:41 AM

Discover Old World Charm in

Visit our new Showhome today! Nook kooN /5’9 x 11’9 10’9x’99’8/10’10

.WD.W. .D

Kitchen

etiusnE

Owner’s Suite 11'1 x 16’

Mk-Up

Living Room 11' x 15'10

pU-kM

Ensuite

.C.I.W

W.I.C.

. F.P

4 SH.

nehctiK

Brm.

Ref.

Mud Room

Bedroom 3 9’1 x 10’

W D

Veranda 4' x 5'

Garage 18' x 24'

Homes starting from the mid

Bedroom 2 9’1 x 10’

4 SH

Foyer

Walkthrough Pantry

Family Room 16'11 x 10'4/11’4

400

’S*

The Riviera Showhome Total: 1738 sq. ft. | Two Storey Main: 716 sq. ft. Second: 1022 sq. ft.

(select lots available)

Community Highlights ▪ close to numerous shops, restaurants & medical clinics ▪ many nearby shopping centres including Creekside Shopping Centre & Costco ▪ nearby foothills & the picturesque Rocky Mountains ▪ 20 minutes to Calgary’s International Airport ▪ close to CrossIron Mills Shopping Outlet

Selling Final Lots! Single-Family Laned Homes still available starting from the mid $300’s

←

Nolan Hill Blvd

TR.

Beacon Hill Shopping

CALGARY

STONEY TR.

N RD

BE DD IN TR. ON GT

Sage Hill

I APP AN AG

* Starting from price includes house, lot and GST. Subject to change without notice.

Nolan Hill Dr.

Showhome Hours: Mon - Thurs: 2 - 8 pm Sat, Sun & Holidays: 12 - 5 pm

Driving Directions: Take Shaganappi Trail heading north to Nolan Hill Blvd. Take traffic circle and exit on your first right to Nolanfield Road NW, the showhome will be on the right hand side.

144 Ave NW

R. ET CE SA R

Showhome Address: 34 Nolanfield Road NW Calgary

Nolan Shane Homes Hill Showhome

AL SYMO NS V

For more info call Dave at: 403-536-2305

shanehomes.com

Now you can view all New Home Guide magazines online using any smartphone, tablet or desktop device.

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere! Published by

NEWHOMEGUIDE.CA

contents dec 6, 2013 - Jan 3, 2014

volume 16 issue 13

cover story Jager Homes BUYERS EMBRACING VARIOUS MODELS IN RAINBOW FALLS PAGE 10

features & editorials IN EVERY ISSUE

IN THE NEWS

editor’s note

COLUMNISTS calgaryism

Embracing Calgary’s winter by Cody Battershill

fundamentally speaking

Why buyers should be aware of Development Charges by Wayne Karl

insight

Landscaping your new home

economy

Alberta to lead economic growth in 2014: BMO Economics shane homes

HOMEBUYERS’ HELP Jager homes

by Heather Ryan

Shane Homes offers new HOMZZ website to help buyers

homes by avi

by Heather Ryan

34 50

The house that Jack James built

the homebuying process

Warranty is one key advantage of buying a new home by Donna Moore

mortgage mogul

The benefits of using a mortgage broker by Jason Eldridge

feature

Are you a victim of the moody blues? by Adene Lucas

by Brad Jackman

trendspotting

Making the rounds by Sara Duck

employment

Canada’s unemployment rate headed lower: CIBC

Buyers embracing various models in Rainbow Falls

finances

Canadians paying off their debts by spending less: RBC poll homebuyers’ resource section

Mortgage calculator and rate table

vice-president, wall2wall media

Jacqueline Hill

editor-in-chief / director of content

Susan Legge

director of sales, national

Josh Heppner

senior sales manager, western canada

Edwin Rizarri art director

Bianca DiPietro

editor

Wayne Karl contributing editors

Sara Duck Elisa Krovblit Lydia McNutt

Melanie Gowans

Senior media cONSULTANT

403.200.8462 Follow me on twitter @melgowans Like us on facebook; facebook/CalgaryNHG

PRODUCTION CO-ORDINATOR

Greg Van Sluytman Graphic designer

Mihail Terentiev Manager of production

Bala Gnanapandithan national account manager, mediative

Paul Slizys

For Advertising inquiries please contact:

403.200.8462

For National Advertising inquiries call:

416.263.6783

district maps 9

algary region c east

Okotoks

Cochrane

airdrie

northwest

calgary region south

Northeast

southeast

southwest

Published By

Calgaryâ&#x20AC;&#x2122;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.

Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Terms Advertisers,

Editorial content are not responsible for typographical errors, mistakes or Âmisprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.

Editorial Submissions from interested parties will be considered. Please submit to the editor at Susan.Legge@wall2wallmedia.com.

editor’snote

New home experience

Make wise choices and enjoy the process

hen only a new home will do, those in the market will be pleasantly surprised by the exceptional value and detail it offers. When you buy new, you don’t inherit someone else’s worn carpeting, personal taste in kitchen appliances or paint colour preferences. You get a fresh, clean space that’s waiting for your personal imprint. If you’ve always fantasized about buying a brand new home, here are a few tips that can help you make the process a pleasant one: ›› Shop the mortgage market to see what you can afford before you start your hunt; ›› Contract a lawyer who is willing to review your offer and close the deal; ›› Don’t be persuaded by high pressure sales tactics while you’re out shopping; ›› Determine which options and upgrades you want as part of your offer and ensure your lender will finance what’s required, if needed; ›› To save money, consider which upgrades you could purchase and install yourself after the sale closes. Some upgrades such as rough-ins and wiring inside the walls are easier to do before construction. Factors such as the cost of the home, neighbourhood, lot size and special features play a big role in your final decision. Determining which features your new house absolutely must have, and which features you could live without, should be among your first steps in the home-buying process. We hope you enjoy this issue of New Home Guide. Let us know what you think! We’d love to hear from you.

Susan Legge EDITOR-IN-CHIEF Wall2Wall Media,Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

What price Development Charges?

Government fees and other costs are rising to the point that future aﬀordability may be threatened

ant to startle yourself just a little? Dog-ear this page, and turn to page 30 of this issue (but be sure to come back!) and read my column on the increasingly challenging issue of Development Charges and other government fees associated with new-home development. You may be surprised to learn that such fees are rising at an alarming rate and are becoming an increasingly contentious topic. In Calgary, as well as in other cities across the country, Development Charges are even becoming an election issue. Why should you care? You should care because these costs are transferred straight on to you, the new-home buyer, when purchasing such property. And they’re rising to the point that they are threatening affordability. Do you know what portion of the cost of your prospective new home goes toward Development Charges? Do you know if the fees in your potential community are rising (spoiler alert: they are), how fast and what the increases are based on? These are all questions worth asking, as you explore this topic and how it might influence your homebuying decision.

Wayne Karl

EDITOR Wall2Wall Media, wayne.karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

08 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

›› CALGARYREGIONEAST CHESTERMERE CHESTERMERE

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

WESTMERE

STRATHMORE

22X

22X HERITAGE POINTE

04 B UFFALO HILLS (coming soon)

UILDERS: Prominent Homes B Douglas Homes, Klair Custom Homes Prominent Homes, Mapeland Homes

LAKEPOINTE

OKOTOKS

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

1 AV. N

3 ST. E

2 AV. N

RAILWAY AV.

2 AV. S

1 AV. S

ULM ST.

McCANN ST.

CENTRE ST.

RAILWAY CR. RAILWAY AV.

HANSON HOLLOW

HANSON DR.

HANSON WAY

DOUGLAS AV. COLWELL ST.

NEWTON ST.

2 AV. N

LAGDON ODDFELLOW HALL

WHITNEY ST.

COPELAND AV.

WENSTROM CR.

LANGDON PARK

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

02 H ANSON PARK

WELSHIMER CR.

CRILLY CL.

MAIN STREET LAGDON VANDERVELDE PL.

COPELAND AV.

WILSON RD.

BOTSFORD ST.

BARBER ST.

THOMAS ST.

LANGDON SCHOOL

ANDERSON AV.

LLOYD CR.

CENTRE ST.

BRANDER AV.

HENDERSON BY. HENDERSON RD.

HENDERSON CL.

NESBITT AV.

MCDOUGALL ST.

BESSE AV.

COWAN ST.

TRAIL NESBITT CL.

MOE AV.

McKINNON ST.

01 B OULDER CREEK

GLENMORE

RAILWAY AV.

HIGH TRAIL RIVER

1AV.

LANGDON

797

WILSON RD.

560

RGE RD 27

543 22

KINNIBURGH

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

BLACK DIAMOND

ARBOGAST ST.

VALLEY

SHORES ON WESTMERE

DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

CHESTERMERE 797 LANGDON

IDDIS

DEVELOPER: Melcor BUILDERS: Landmark Homes, Lifestyle Homes, Reid Built Homes

CALGARY

SHOWHOMES: 80 Westpark Crt., Rainbow Falls Manor DEVELOPER: Truman Developments BUILDER: Jager Homes, Lifestyle Homes, Beattie Homes, Lionsworthe Homes, Douglas Homes

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

STRATHMORE T HE RANCH IN STRATHMORE

SHOWHOMES: 200 Ranch Downs 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

SHOWHOMES: Muirfield Blvd. BUILDERS: Douglas Homes, Today’s Homes, Ribero Homes and Compass Rose Homes

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 09

coverstory

Buyers embracing Jager Homes’ models

in Rainbow Falls by Heather Ryan

ew-home buyers who desire a stylish, quality-built home that can be customized to suit their lifestyle are embracing the various models crafted by Jager Homes in Rainbow Falls in Chestermere. Jager has had a presence in Chestermere for the last 10 years and is actively building in Rainbow Falls, offering an array of fabulous homes with outstanding features and finishes. “People choose us because we build a good solid home and we’re always tweaking our designs and doing customizations to suit our customers’ needs,” says area manager Zee Tassi. “Our ability to customize ensures that we can meet or surpass our customers’ expectations, so we get a lot of repeat customers and referrals. “We’ve had a great response from people to our showhome in Rainbow Falls; the Hillsboro II is a beautiful home and has proven very popular,” Tassi says. “People love the open concept and the huge kitchen – there is so much room for cooking and socializing. Buyers also like the upper-floor laundry and the big master bedroom.” 10 New home Guide | dec 6, 2013 - jan 3, 2014

The 2,407-sq.-ft. Hillsboro II showhome is one of 13 front-attached garage models Jager offers in Rainbow Falls. The various models range from 1,900 to 3,000 sq. ft. in two-storey and bungalow designs. Stepping into the Hillsboro II, you’ll adore the fabulous details such as the dark brown wide plank hardwood floors, nine-ft. ceilings, eight-ft. doors and iron spindles on the stairs. Off the entry is a nice sized flex room that would be ideal as a private home office or den. The gourmet kitchen is a feast for the eyes, with a massive flat surface island that includes a wine fridge and breakfast bar seating, stainless steel appliances and an abundance of white cabinets and dark granite countertops with a full-height tile backsplash that complements both. A large bumped out nook with windows on three sides offers a sunny place for dining, and the great room features multiple windows bathing the space in natural light. A corner pantry in the kitchen offers loads of storage,

People love the open concept and the huge kitchen – there is so much room for cooking and socializing. Buyers also like the upper-ﬂoor laundry and the big master bedroom.

and lets you walk-through to the garage entry and mud room, which is highlighted by a combination of a built-in seat, storage and coat rack. Upstairs, the bonus room offers a nice relaxing space, there is a large laundry room, two generous sized bedrooms for the kids and a full bathroom. The owners will be wowed by the master suite that includes a raised seating area and a lavish ensuite featuring an expansive vanity with dual sinks, corner soaker tub, walk-in shower and a large walk-in closet with built-ins. Tassi says Jager has very few lots remaining in Phase 9 and number of lots remaining in Phase 10, “so we’ve had a great

response from people, but we still have a nice mix available including walkouts, canal and pond lots and cul-de-sac and corner lots.” “We have a great diversity of buyers here,” he says. “Rainbow Falls has the feel of a small town where people can get to know their neighbours, but yet you’re just 20 minutes to downtown Calgary and we have great access to Glenmore Trail, 16 and 17 Avenues and Stoney Trail. “Truman Development has crafted the community with wide lots, giving it a grand look and it has a very consistent look giving it additional curb appeal,” Tassi says. “Rainbow Falls offers buyers a great pathway system and residents are within walking distance to two elementary schools, a junior high and a local plaza, and a business park with professional services next to Phase 9 in Rainbow Falls is almost complete.” For more information on Jager Homes in Rainbow Falls, visit the showhome, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.248.2876 or visit jagerhomes.com

dec 6, 2013 - jan 3, 2014 | New home Guide 11

EXCLUSIVELY BY AWARD- WINNING BUILDERS 12

403.982.0040

403.982.0795

MountainViewOkotoks.com

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

ISTER CR GATE

ID GE D

SANDSTONE DR. MOUNTAINVIEW GATE

338 AVE. E.

NO RT HR

1 7

OKOTOKS

549

CRYSTAL RIDGE GOLF CLUB

MILLIGAN DR.

3 32 ST. E.

WEST

370 AVE. E.

SHOWHOMES: Ranchers Crescent DEVELOPER: Bordeaux Developments BUILDERS: Baywest Homes, Sterling Homes, Wolverine Custom Homes

02 CIMARRON

DEVELOPER: Tristar Communities BUILDERS: Excel Homes, Trico Homes, Cedarglen Homes, Coco Homes, Today’s Homes, California Homes, Assured Homes

03 DRAKE LANDING

SHOWHOMES: Drake Landing Way, Drake Landing Crescent and Drake Landing Hill DEVELOPER: United Communities BUILDERS: Lifestyle Homes, Morrison Homes, Sterling Homes, Prominent Homes

RO N TR A I L

32 ST. E.

WESTLAND ST.

01 OKOTOKS AIR RANCH & RANCHERS’ RISE

CIMA

O RR

6 4

SOUTHRIDGE DR.

WESTLAND ST.

D R.

CIMARRON BLV D.

DG E

CIM

›› OKOTOKSCOMMUNITIES

LVD.

04 WESTMOUNT

SHOWHOMES: Westland Street DEVELOPER: Prominence Development Corp. BUILDERS: Jager Homes, Reid Built Homes, Sterling Homes, WestView Builders

05 EAGLE CREST

SHOWHOMES: Directly behind Westmount DEVELOPER: Prominence Development Corp. BUILDERS: Carpenter Homes

07 CRYSTAL RIDGE

SHOWHOMES: Crystal Green Dr. DEVELOPER: United Communities BUILDERS: Sterling Homes, Baywest, Crossley Homes

08 MOUNTAINVIEW

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

06 T HE HILL IN WESTRIDGE SHOWHOMES: Westridge Road DEVELOPER: Qualico BUILDERS: Sterling Homes

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 13

inthenews

Alberta to lead Canada in economic growth in 2014: BMO Economics A l ber ta’ s

ec onom y

expected to remain atop the provincial pack through 2014, according to latest the Provincial Monitor report from BMO Economics. “Real GDP is on pace to expand 2.5 per cent this year before picking up to 3.3 per cent in 2014 amid postflood spending and continued growth in the energy sector,” says Robert Kavcic, senior economist, BMO Capital Markets. Flooding in southern Alberta was a major economic disruption in the summer. “While the initial impact was clearly negative for the provincial economy – given the disruptions to consumer spending, tourism, distribution and a pipeline – the province estimates that repair and rebuilding activity will add 0.2 percentage points to real GDP growth in 2013,” says Kavcic. “Across the province, our commercial clients continue to express optimism about the economic environment for business growth,” says Robert Hayes, senior vicepresident, Alberta and NWT 14 New home Guide | dec 6, 2013 - jan 3, 2014

“ Across the province, our commercial clients continue to express optimism about the economic environment for business growth.” Division, BMO Bank of Montreal. “Our customers tell us that they have confidence in the province from an overall business perspective, as well as in their own capabilities to innovate successfully, create jobs and grow their businesses and to compete effectively on the larger global stage.” Employment growth remains firm at 3.6 per cent year over year in August. “Alberta again leads the country by a healthy margin in job growth; the private sector has more than offset a one per cent year-over-year drop in public-sector employment,” says Kavcic. “The labour market remains relatively tight with the jobless rate holding below five per cent – the second lowest in Canada. Alberta continues to draw steady inward migration flows from other provinces.” Housing markets in Calgary and Edmonton continue to outperform national trends. “Housing sales in both centres are posting double-digit year-over-year gains and average prices in Calgary are storming back to levels seen at the market peak in 2007,” says Kavcic.

W SHO O WH P E OM N ES !

EE R

N STOP KISSING FROGS It’s time to meet your proverbial prince… At long last, you’ve found what you’ve been seeking: a quality community where it’s possible to buy a brand new home AND enjoy the schools, parks, shops and recreational amenities of an established neighbourhood. The final two phases are now selling, so you still have time (if you hurry!) to build a new home and become part of Okotoks’ newest “old” community as well known for its conservation commitments as its family-friendly amenities. visitdrakelanding.com for directions and tour a showhome today.

HOMES FROM THE $400s LIFESTYLE HOMES | PROMINENT HOMES | STERLING HOMES

DRAKE LANDING | FOREST CROWNE | NOLAN HILL THE RANCH | SAGE HILL | SILVERADO

WWW.UNITEDCOMMUNITIES.COM 15

›› COCHRANECOMMUNITIES RA

LEY D

L DR . NHIL

ER VIE

3 SUNSET RIDGE 0 SHOWHOMES: Ridge View Green Sunset Way DEVELOPER: Melcor

BUILDERS: Jayman MasterBUILT, Innovations by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi

SHOWHOMES: River Heights Blvd., River Heights Cres. DEVELOPER: Tamani BUILDERS: Phase 3: Innovations by Jayman, Sabal Homes Phase 4: Jager Homes, Jayman MasterBUILT, NuVista Homes

RIVERV 42

BUILDERS: WestView Builders, Kingsmith Homes

2 JUMPING POUND RIDGE 0 SHOWHOMES: Jumping Pound Terrace www.jumpingpoundridge.com

16 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

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

04 RIVERSONG

IEW CIRC

AIL

1 HERITAGE HILLS 0 SHOWHOMES: Heritage Green

RIVERHEIGHTS RISE

RIV

R RS T

E TOW

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

D 42

TRA

t. E

RAN

FOX

ILW AY ST. W.

ES DR.

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GE R

RGE

. RD GE RID

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RD.

ST .W .

POPE AVE.

W BO

COCHRANE 1S T.

I EV GL EA

E.R

. DR

BOW RIDGE DR.

GEORGE FOX TRAIL

ROSS AVE.

RD.

BIG HILL RD.

CHINIKI DR.

CENTRE AVE.

W. E

TR EA

R ET

TRICK GLENPA

CE RA ER .T W

NUS CMA W. M QU IGL EY DR .

RETREAT RD.

RIVER HEIGHTS DR.

05 MONTERRA ON COCHRANE LAKE

SHOWHOMES: Monterra Link DEVELOPER: Medallion Development Corp. BUILDERS: Prominent, Modena, Cornerstone, Brooklyn, Astoria Custom Homes

06 WESTPOINTE ESTATES

SHOWHOMES: West Pointe Manor DEVELOPER: MGM Developments. BUILDERS: Mapleland Homes, Kingsmith Homes

07 FIRESIDE

LOCATION: Cochrane DEVELOPER: La Vita Land BUILDERS: Calbridge, Janssen, Kingsmith, Landmark, Reidbuilt www.firesidecochrane.com

08 HEARTLAND

SHOWHOMES: Horse Creek Road DEVELOPER: Apex Developments BUILDERS: Excel Homes www.heartlandcochrane.com

. TS DR GH HE ES GL IEW EV EA GL EN AY EA W GL EW

QUIG E RD.

W. TERRAC

BO W

AL R

OUG

. T RD REA

RET

NG ER

CD W. M

SUNSET BLVD.

4A VE

261

TW P

RANGE RD 40

HORSE CREEK RD.

2 Y. 2

Y. 1 A

HORSE CREEK RD.

CALGARY MITFORD PARK

askanexpert

Q&A

ASK AN EXPERT: by HEATHER RYAN

WHAT TO EXPECT DURING A POSSESSION WALK-THROUGH

Q: I’ll soon be doing a walk-through of my new home before taking possession. Can you tell me what to expect and things I should look for?

A: “We do an orientation with our buyers usually about a week before they take possession and it often takes an hour or more because we provide them with a lot of information,” says Paul Savoie, safety officer with Shane Homes. “We explain the basics of the mechanical systems and how they work, we talk about care of the furnace and hot water tank, show them the gas shut-off valve and the main water shut-off, and how to adjust the thermostat and the humidifier.” As well, buyers should expect to walk around the outside of the home, Savoie says, where items such as the necessity of keeping drainage away from the home and putting the downspouts down are explained. “We also discuss the do’s and don’ts of maintaining items such as hardwood floors, tile, granite countertops, appliances and show them how to operate their jetted tub if they have one,” he says, noting that customers are also encouraged to view home maintenance videos online that provide further details. During the inspection, Savoie suggests homeowners make sure major items such as paint colours, countertops, cabinets,

flooring and lighting are exactly what they selected, and “don’t overlook the small details.” For example: make sure all the tile work has been siliconed, especially in the bathtub; check the hardwood floor for any visible damage such as scratches; check baseboards for any gaps at the corners or missing pieces; make sure you have all the towel racks you’re suppose to; ensure drawers, doors and windows open and close smoothly; and ensure doors and windows lock properly. Most builders install the appliances before you take possession, and Shane Homes’ specialists make sure they’re working before the customer orientation, but Savoie suggests owners turn them on once they take possession of their home to ensure everything is satisfactory. “Our home care specialists spend a great deal of time going through each home to check all these things and look for any deficiencies,” he says. “We try to be far more critical than our customers and that any issues are dealt with before the customer’s orientation, so when it comes time to turn over the home, we will meet or exceed our customers’ expectations.”

trendspotting

Making the rounds

Playing off the geometric design trend that has been in the spotlight, circle motifs are making their rounds at the moment. The elegance and simplicity of this shape adds interest to any room.

by SARA DUCK

3 1. Ceiling Lamp $60. VISIT BOUCLAIR.COM 2. Iron Circle 30-in. Clock $119. VISIT CB2.COM 3. Pink Bobo Concentric Circle Pillow $68. VISIT JONATHANADLER.COM 4. Ring Top Side Table $200. VISIT HOMESENSE.CA 5. Cumulus Mirror $70. VISIT UMBRA.CA

4 5 18 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

6. Trampa Door Mat $17. VISIT IKEA.CA

feature

Are you a victim Of

The Moody Blues?

by adene lucas

hatâ&#x20AC;&#x2122;s your favorite colour? Most of us can think of the answer quickly as it is one of those questions we have come across since childhood. Colour is woven through all aspects of our lives and plays a very important part in how we feel and respond. It impacts everything from the colour of vehicle we drive, to the colour of the clothes we prefer to, of course, the mother of all colour... paint ! The colours you use in your home can have a profound effect on the emotional state of those who live there. This may sound very dramatic and scary, but if you read about colour psychology, there has been a lot of documented research on this very subject. Retailers, restaurants, hospitals and even sport teams live by colour psychology because they 20 New home Guide | dec 6, 2013 - jan 3, 2014

recognize that colour is a universal, non-verbal language. Paint colour can send people into fits of panic and anxiety. I’ve been to many clients’ homes where they have a large assortment of mini paint chips which they have been agonizing over. First of all, they are on the wrong track because the lighting in the paint store is fluorescent which gives off a cool, slightly bluish light, thus the colour changes once they get the samples home. This can be confusing. If you are selecting cool tones in a blue or green range, that’s great. But if you’re picking a warm tone, the colour will look very dull on the walls. Light influences how paint reads. If you have incandescent bulbs, they provide a warm amber hue. This makes paint colours such as red, yellow or orange appear more intense. Halogen lighting is the closest to replicating natural light. It doesn’t distort colour as much as the other light sources, and it’s mostly white and bright. Of course, natural light, which is what comes through your windows, is ideal, but even that changes depending on the position of the sun. If the room is north facing, the light will be softer and warmer. Southern exposure has the most intense light, which gives you the option of a darker, richer colour as the room will be flooded with sun. The best way to determine how natural light will affect your paint selection is to get either a sample tin or a large swatch that can be placed around the room. Now you can feel better about choosing the “wrong” colour. It’s just not that simple, and the adage that I hear often, and disagree with is, “it’s only

Of course, natural light, which is what comes through your windows, is ideal, but even that changes depending on the position of the sun. If the room is north facing, the light will be softer and warmer. Southern exposure has the most intense light, which gives you the option of a darker, richer colour as the room will be flooded with sun. dec 6, 2013 - jan 3, 2014 | New home Guide 21

paint.” Although this may be true, it is also your time and money, so getting it right the first time saves both. There are many elements that will influence the way a colour reads, not just the type of lighting. Objects in the room can affect the colour perspective because they absorb and reflect light. That’s why the paint on the walls may appear to be the wrong colour, even though you agonized over it forever! Particular colours can be more or less affected by light. Whites and offwhites may seem simple, but they can appear yellow, grey or washed out in different lights. This is also true for pale shades of other colours. However, whites and other light colours can also reflect hues from other objects in the room, such as furniture or flooring. Colours such as beige, khaki and sage green are sometimes the worst offenders when it comes to changing colour under different light. Regardless of the paint chip, if you get the colour rolled out and in one stroke see something you don’t like, such as a green undertone, stop painting because you will always see it that way and not be pleased. I recently had a client pay a large sum of money for an exterior paint job, and called me because the colour she copied from a neighboring house was all wrong. It appeared to have a pink undertone, and every time she looked at her house she was distraught as she saw pink. The real issue, in fact, was that the door was a cranberry colour, which was bleeding into the new exterior muddy brown. I suggested painting the door, as well as the trim, a flat black. Problem solved. Unless you have done your homework, paint selection is best left to the professionals. There is nothing worse than rolling out the first few strokes and realizing it doesn’t look like that little paint chip. Recently, I was at Sherwin Williams looking over the new colour forecast.

Particular colours can be more or less affected by light. Whites and off-whites may seem simple, but they can appear yellow, grey or washed out in different lights.

In general, darker colours make a room appear more intimate and lighter colours make a room look larger.

A couple of the pages looked like wonderful nail polish samples with names such as Feverish Pink, Electric Lime and Gladiola, to name a few. The colours were high voltage, intense and bold. In the right application, these colours could really be fun. Another palette featured was more sedate and featured names such as Safari and Spiced Cider. Even without seeing the actual swatches, it’s easy to envision what these colours look like based on the names. I always think it would be fun to have a stack of paint chips, a group of friends, perhaps some cocktails and pick the names for colours. I am sure that’s exactly how it’s done, too! How else would you get the name Mexican Sand? If you’re not into the latest and greatest paint colours and are still trying to decide how to begin, think about your favorite colours and what is in your home. For example, think about your furniture, the flooring, window treatments, stone work and other fixed pieces. Try to select colours based on what you have and build from there. If the space is vacant and anything goes, then simply use colours you like, that are not difficult on the eye, and which can coordinate well with other shades. It is also important to think of the room and function that the paint is going to be in. For example, if painting the master bedroom is the project, then the goal would likely be to have a relaxing, soothing, colour. Cool blues, greens and lavender are great choices, because they have a calming effect. It is generally thought that the darker the hue, the more calming the effect. In general, darker colours make a room appear more intimate, and lighter colours make a room look larger. The next time you’re looking at an endless supply of paint chips and perhaps feeling overwhelmed, keep this article handy. There is a lot more to picking a colour than simply liking it.

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accentondesigninc.ca | 403.651.7491

›› AIRDRIECOMMUNITIES 01 BAYSIDE ESTATES

VETERANS BLVD

1ST AVE

SHOWHOMES: Bayside Circle SW, Baywater Crescent DEVELOPER: Genesis Land Development Corp. BUILDER: Genesis Builders Group, McKee Homes, Coco Homes, Sovereign Homes www.genesisland.com

02 WINDSONG

S HOWHOMES: Windsong Dr. DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

03 REUNION

EAST LAKE

S HOWHOMES: Reunion Street NW. & Reunion Grove NW DEVELOPER: Hopewell Residential Communities BUILDERS: Excel Homes, Sabal Homes, McKee Homes

NOSE CREEK

04 KING’S HEIGHTS

SHOWHOMES: Kings Height Blvd.

1 YANKEE VALLEY BLVD

YANKEE VALLEY BLVD

9 2

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

6 4

DEVELOPER: Melcor BUILDER: Jayman MasterBUILT, Loreck Homes, McKee Homes, Reid Built, Shane Homes

05 RAVENSWOOD

S HOWHOMES: Ravenswood Drive DEVELOPER: Qualico BUILDERS: NuVista, McKee Homes, Pacesetter, Broadview

06 COOPERS CROSSING

SHOWHOMES: Cooper’s Drive, Cooperstown Court DEVELOPER: Westmark Holdings BUILDERS: McKee Homes, Trico Homes, Vesta, Artigiano, Canterra Custom Homes, Crystal Creek Homes and Harder Homes

07 WILLIAMSTOWN

S HOWHOMES: Williamstown Green DEVELOPER: Vesta BUILDERS: Douglas Homes, Talisman Homes, Vesta

08 HILLCREST

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

09 PRAIRIE SPRINGS

Builders: Prominent Homes, McKee Homes

24 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

The Arden Model A Genesis built home

Hardwood floors Maple and iron spindle rail Stainless steel appliances Granite in the kitchen Large oversized single garage Airy 9' main floor ceilings

Everything you need to live well now Canal’s Landing, a family-friendly community with as much beauty indoors as out. Minutes from schools and shops, this beautiful home in Airdrie has all the comforts you need to grow, play and enjoy life.

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$307,600 Semi-detached 1,313 sq.ft. 3 bed & 2.5 bath

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For more information contact Anni Jansson, Genesis Sales Representative, at (403) 465-2709.

All prices, sizes and speciﬁcations are subject to change without notice. Rendering is artist’s concept. Images are for mood and impression only. E.&O.E.

inthenews

Shane Homes offers new

HOMZZ design website homzz-header.pdf

11/13/2013

8:35:12 AM

by HEATHER RYAN

urchasing a new home with Shane Homes just got even better as the home builder is now presenting a new website tool that will help buyers with design and home planning ideas. Shane Homes is thrilled to offer homzz.com, “which allows visitors to browse a gallery of images of our most popular Shane Homes and Creations by Shane Homes models as well as the optional elevation, kitchen and ensuite layouts that are available to them,” says Brenda Welygan, senior creative and marketing associate for Shane Homes and Creations by Shane Homes. “This online tool also has an inspiration gallery, which allows users to navigate through hundreds of interior and exterior photos of our current and previous showhomes and custom homes,” she says, “giving them a vast range of design and decorating ideas for their new home.” HOMZZ offers the ability to see a professionallydesigned, high-quality photograph of the space instead of having to visualize what the space will look like from a ﬂoorplan layout. You’re able to see how furniture will look within the space, and how the different interior and exterior finishings, features, colours and design styles can change the look and feel of the space. “Designing what your home looks and feels like as well as how it functions can sometimes be an overwhelming 26 New home Guide | dec 6, 2013 - jan 3, 2014

task,” Welygan says. “That is why we are excited to share our passion for design and the innovative spaces that our team of interior designers have created in hopes that their creations will inspire anyone looking to build a new home or renovate their existing one. We hope this tool will help you design a home that is award-winning to you.” Welygan says the major benefit of having this type of website available for the homebuyer is they’re now able to view exactly what the different options available to them look like. Buyers can view the various optional elevations each model has, as well as the optional layouts for their kitchen and ensuites. “Seeing these options in various colour palettes and styles can be a great benefit in helping you design a home that suits your personal tastes and desires,” she says. “This is a great tool for our customers who are building a Shane or Creations by Shane home, but it is also a very useful tool for those who are looking to renovate their existing home or are just looking for design inspirations.” Users are also able to create an ideabook where they can save all their favourite images and access them in one convenient location at a later date. This allows them to share information easily with family and friends.

This online tool also has an inspiration gallery, which allows users to navigate through hundreds of interior and exterior photos of our current and previous showhomes and custom homes

If you are building with Shane Homes or Creations by Shane Homes, visiting the HOMZZ website ahead of time is a great way to speed up your selection process at the Expressions Design Studio. Saving all your favourite photos in your ideabook and reviewing them with your designer at your interior and exterior appointments will help the designers see your vision. â&#x20AC;&#x153;This is very helpful in helping our buyers find the right interior and exterior selections to suit their personal style,â&#x20AC;? Welygan says. There is also a social sharing element to the site that allows buyers to share all their favourite images via some of the most popular social sites available such as Twitter, Facebook, LinkedIn and Pinterest. This exciting design tool is available online 24/7. Just visit homzz.com and navigate through the most popular models being crafted by Shane Homes and Creations by Shane Homes, and check out the inspiration gallery that also features hundreds of images of kitchens, ensuites, fireplaces, entertainment centres, wet bars, staircases and more. Our image galleries are continually being updated and new photos added, so check back often. HOMZZ is really where design comes to life and Shane Homes is excited to be able to offer this dynamic new online tool. dec 6, 2013 - jan 3, 2014 | New home Guide 27

calgaryism

EMBRACING

CALGARY’S WINTER

Cody Battershill is the founder of Calgaryism and a top-producing realtor at Re/Max House of Real Estate. He also holds 5 professional designations. He can be reached at 403.370.4180 or calgaryism.ca

by CODY BATTERSHILL

THE FIRST FEW SNOW FALLS have arrived in Calgary, marking the beginning of our “unofficial” winter season which, at times, can be very cold and seem to last an eternity. But hey, we all have our own ways of embracing the cold; some look at it as a season to work hard, go home and stay cosy indoors, while others take full advantage of the snowfall and are just as active or even more so than they are during the warmer seasons. Whether you like to hibernate, enjoy winter activities or find yourself somewhere in between, here are a few ways to embrace Calgary’s winter which will make the transition from warm to cold less grueling.

GET RID OF… Do you remember that piece of clothing you wore throughout winter last year, and maybe the year before that? You know, the one that never really served its purpose all that well? It could have been that toque that didn’t cover your ears, those gloves with a hole in them, the boots that weren’t waterproof, or maybe that jacket that was never warm enough. If you have one of these items, do yourself a favour and replace it! There’s not much else that can put a hamper on your day more than being cold because of an inadequate piece of clothing, then kicking yourself in the butt for it because of how uncomfortable you are.

TAKE ADVANTAGE OF… …the Rocky Mountains, of course! Western Canada’s ultimate outdoor playground is at your disposal only a short drive west on the Trans Canada Highway. Within 2.5 hours from Calgary’s city limits, are some of the best ski hills in Western Canada. There’s nothing quite like skiing down the side of a mountain, exploring trail after trail with family, friends and people you may have met along the way, or perhaps solo. Whichever it may be, you’re guaranteed to remember the smell of the fresh mountain air as you peer out toward the snow covered peaks and tree-lined valleys of the majestic Rocky Mountains.

BE AWARE OF… …all the comfort drinks, cuisines and other seasonal specialities found around the Calgary food scene during this time of year. Many of Calgary’s best restaurants help us embrace the winter cold by introducing seasonal dishes, such as the turkey cranberry sandwich at FARM on 17th Avenue SW (available during Christmas). I hate to say it, Grandma, but their turkey cran sandwich was as good, if not better, than yours! (Oh man, I feel bad, but it’s true.) FARM’s must-try Christmas special is only one of several examples of comfort food that’s introduced during the winter months to help us build a layer of fat to keep us warm. Okay, I’m entirely kidding. But if you appreciate good food and would like to get your mind off the cold, this is how to do it.

ENJOY YOUR WINTER Every season has its own pros and cons. For some, there might be more positives in the summer or winter – it’s all in the eye of the beholder. I personally am going to take full advantage of what winter has to offer us Calgarians – maybe do a bit of mountain skiing, buy that new toque and indulge in comfort food all around town. What are your plans this winter? Join us on Calgaryism at Facebook, Instagram and Twitter and let us know, we would love to hear it! Until then, keep it warm Calgary! 28 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

new lots

JUST RELEASED V I S I T T O DAY FOR BEST

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fundamentallyspeaking

WHY BUYERS SHOULD BE AWARE OF

Development Charges by WAYNE KARL

GET READY, NEW-HOME BUYERS. NO, NOT JUST

in your general preparedness for buying a home, but for an increasingly difficult – not to mention controversial – issue that’s costing you more money. And you likely don’t even know it. Development Charges. If you’re not familiar with the term, you likely will be soon, as it’s a contentious issue facing home builders – and therefore buyers – across the country. Just what are Development Charges? In short, they are the fees applied by various levels of government when new homes are built, to pay for new infrastructure such as roads, transit and other necessities. That part you may know. But what you likely aren’t aware of is that these fees are rising exponentially, have been for years, and they’re occupying an increasingly high portion of new-home costs. And they’re passed right on to you, the homebuyer.

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

for a semi or single-detached home. It’s even worse in the Greater Toronto Area; a report from Altus Group, an economic consulting firm, estimates fees and charges collected by six GTA municipalities average out to about $116,200 on a new single-detached home, representing 22 per cent of the cost. For a new highrise, the fees average $64,000 – or 20 per cent. Though the problem may differ slightly from one city and province to the next, with critics arguing the fee increases are largely arbitrary, the concern is universal: newhome buyers are picking up a disproportionate part of the tab for infrastructure development, causing new-home prices to rise to a point that threatens affordability. “Development Charges are a huge issue in Calgary,” Huntingford told New Home Guide. “In the recent municipal election, the mayor made suburban development charges an election issue.” Essentially, the City wants to increase the levies; developers and builders counter that such fees and hikes need to be proportionate. The industry has asked council for a roundtable on the “cost of growth, so we are all ready for the next round of levy negotiations.” The current agreement expires in December 2015.

How much are we talking about? In Calgary, government imposed levies for suburban development have risen steadily, from $52,000 per hectare in 2001 to about $316,000 per hectare in 2013, according to Guy Huntingford, CEO of the Urban Development Institute. How much that amounts for each So, what can buyers do about it? home depends on the specific area and housing type. The first step is simple public awareness, says Huntingford. Inner-city levies, for example, are based on a formula “For homebuyers, this is critical as the choice and afforddetermined by how many linear feet of frontage a prop- ability in Calgary will continue to erode if levies get erty has; developed areas – a large portion of the city – pushed up. Developers and builders simply pass these increases along to the consumer.” carry no redevelopment levies. Indeed, as a prospective new-home buyer, you may But this is not just a Calgary problem. In Ottawa, Development Charges and other govern- not appreciate the importance of the Development Charges ment-imposed fees account for about 23 per cent of the issue just yet. But if you or your family members are a few cost of a new home – or about $100,000 of a single- or even several months away from making a purchase, you family home. Twenty-five years ago, the costs accounted may want to educate yourself on the matter, and ask prospective builders about it. for just three per cent. Otherwise, join those who are already concerned that In Metro Vancouver, the various government fees and levies range from 16 to 27 per cent of the cost of a new if such fees are allowed to rise unchecked, new-home affordability will eventually be severely threatened. home, depending on the city and the type of housing. And that will be a price that, ultimately, no one can In Toronto, City Council recently voted to increase Development Charges by 75 per cent, to almost $30,000 afford to pay. 30 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

Life in Canal’s Landing, Airdrie. Show Homes Now Open. Starting From The Low 300’s.

Canal’s Landing in Airdrie, an outstanding residential community just steps from the water and conveniently located close to schools. Now offering single and side-by-side homes with lots as big as 70'.

CanalsLanding.com Canal’s Landing Show Homes 6, 10, 14 Canals Close, Airdrie, Alberta

All prices, sizes and speciﬁcations are subject to change without notice. Rendering is artist’s concept. Images are for mood and impression only. E.&O.E.

Old World Traditions

MODERN LIVING WWW.NOLANHILLSHOWHOMES.COM

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10 Hanson Ranch

SHOWHOMES: Sage Hill Point NW, Sage Valley Park NW, Sage Hill 11 Milano Green NW Showhomes: 99 Panatella Hill NW BUILDERS: Excel Homess, Trico Builders: Trico Homes Homes, Morrison Homes, Discovery Homes, Baywest Homes, Homes by Avi

02 ROYAL OAK 05 NOLAN HILL Showhomes: Hidden Creek Blvd. NW

DEVELOPER:Developer: Birchwood Properties DEVELOPER: United Communities Cedarglen Homes | Cardel Homes esis Land Development Corp. | BUILDERS: Birchwood Properties BUILDERS: Homes by Avi, Morrison x Developments Builders: Genstar Homes, Shane Homes, Sterling on Homes | Majestic Homes | 03 EVANSTON Homes, Today’s Homes, Trico Homes, Homes | Centrex Homes SHOWHOMES: Evanspark Circle NW DEVELOPER: Qualico BUILDERS: Broadview, NuVista, Trico Homes, Pacesetter Homes, Sterling Homes, Jayman MasterBUILT

SHOWHOMES: 8 Evansview Manor DEVELOPER: Genstar BUILDERS: Cardel Homes, Acuri Homes

SHOWHOMES: Sage Meadows Circle NW DEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Group, Passion Homes, Reid Built Homes, Today’s Homes www.genesisbuildersgroup.com

11 VALLEY POINTE ESTATES

DEVELOPER: Melcor BUILDERS: Shane Homes, Reid Built Homes, Landmark Homes, Homes by Avi

12 BEARSPAW WILLOW CREEK

BUILDERS: Astoria Custom Homes, Hyatt Homes, Laratta Homes, Mckinley Masters Custom Homes

13 WATERMARK AT BEARSPAW

BOW TRAIL

SHOWHOMES: Panatella Blvd. NW, Panatella Square NW, 9 CityLife Panora Way NW Showhomes: 2003 20th Ave. DEVELOPER: Genstar Developer: Birchwood Properties BUILDERS: Homes by Avi, Cardel Builders: Excel Birchwood Properties Homes, Landmark, Homes, Arcuri Homes

SHOWHOMES: 150 Kincora Glen Rd. DEVELOPER: Melcor BUILDER: Excel Homess

10 SAGE MEADOWS

85 STREET

OL D

TR AIL

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RAIL YT

CR OW

SHOWHOMES: Tuscany Estate Rise NW DEVELOPER: Brookfield Residential BUILDERS: Albi Homes www.tuscany-community.com

08 KINCORA

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›› NORTHWESTCOMMUNITIES

Creations by Shane Homes, Jager Homes www.nolanhillunited.com

06 BEACON HEIGHTS

SHOWHOMES: Sherwood Crescent NW DEVELOPER: Intergulf Cidex BUILDER: Trico Homes, Intergulf Cidex

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

16 ROCKFORD ESTATES - TRAIL’S END BUILDER: Jager Homes

17 SHERWOOD

DEVELOPER: Melcor BUILDERS: Shane Homes, Homes by Avi, Genesis Builders Group

18 MOUNT PLEASANT

SHOWHOME: 2220-5th St. NW BUILDER: Landmark Homes www.landmarkgroup.ca

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 33

inthenews

The house that Jack James built It’s been months since they donned safety glasses and brushed sawdust from their clothes, but a group of Jack James High School students recently relived those moments when the home they worked so hard to help build was revealed in its completion during an official ribbon cutting ceremony. The students took on the task of building a home as part of Jack James’ partnership with Homes by Avi. Jack James is an alternative high school that takes a Knowledge and Employability approach to learning in an attempt to successfully transition students from high school to the workplace. By working alongside Homes by Avi staff, students gain insight into the home building industry and learn about possible trade careers. The unveiling was the first time the students were able to see the finished home, which, for Homes by Avi founder and chairman Avi Amir, is a very important part of the project. “There’s nothing better than the students seeing the result of their hard work. It’s unlike any other result that they see in school. A family calls what they built their dream home; it’s a source of pride.” Each year, the build begins on school grounds. The home is then moved to a foundation for completion. This year’s home is located in the northwest community of Nolan Hill. The sale of the home benefits the program in future years. In addition to Jack James, Homes by Avi works with a number of other city schools, including Ernest Morrow and Bishop Kidd. Artistic expression and the exploration of possible career paths are at the heart of all of Homes by Avi’s initiatives, with students participating in showhome art projects, career days and construction field trips.

34 New home Guide | dec 6, 2013 - jan 3, 2014

›› CALGARYREGIONSOUTH 1A

COCHRANE

STRATHMORE

CALGARY

CHESTERMERE 797 LANGDON

22X

PRIDDIS

TURNER VALLEY

HERITAGE POINTE

BLACK DIAMOND OKOTOKS

543 22

HIGH RIVER HIGHWOOD LAKE

SHOWHOMES: 1901-1903 Riverside Dr. NW DEVELOPER: WestView Builders BUILDER: WestView Builders

HAMPTON HILLS

BUILDERS: WestView Builders

MONTROSE

SHOWHOMES: Montgomery Way SE and Montrose Terrace DEVELOPER: Dundee Developments 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

HIGH RIVER

BLACK DIAMOND RIVERWOOD

SHOWHOMES: 725 and 821 3rd Street SW 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

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 35

36 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

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2013-11-25 2:14 PM

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

01 SADDLESTONE

SHOWHOMES: Saddlelake Place NE DEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Group www.genesisbuildersgroup.com

02 SADDLEBROOK

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

03 SKYVIEW RANCH

S HOWHOMES: Skyview ranch Way NE & Skyview Springs Gdn NE 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

04 REDSTONE

DEVELOPER: Qualico Communities BUILDERS: Broadview Homes, NuVista Homes, Pacesetter Homes, Innovations by Jayman, Trico Homes

05 CITYSCAPE

DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 37

insight

Landscaping Your Home by BRAD JACKMAN One should never underestimate the many

benefits of creating a vibrant and functional outdoor living space customized for your home. As Calgary matures and grows, homes new and old are surrounded by landscaping that is outdated, falling apart or simply not appealing to the homeowner. It is important to understand that quality landscaping requires substantial investments of time and finances. Thus having a budget and planning around that budget is extremely important. Homeowners should consider what kind of space they desire. Must it be safe for children? How much entertaining do you do? Are you a gardening green thumb? What level of maintenance do you prefer? 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 Landscape 360. Professional Landscape Construction. 38 New home Guide | dec 6, 2013 - jan 3, 2014

Landscaping improves your quality of life, increases the value of your home and adds a little personal flare to your home’s exterior

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. Landscaping is essentially giving your house a 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 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 barbecue pits. 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 who is open to you talking with past clients. 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 intensive. 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. Brad Jackman and Brian Smith lead a team of friendly, knowledgeable and hardworking staff. We have a combined 23 years of experience within the landscape industry. If it is a fully conceptual design you require or a smaller project, we will be happy to help. 403.452.0360 | landscape360.ca |

like us on facebook dec 6, 2013 - jan 3, 2014 | New home Guide 39

68 ST

14 ST

16 AVENUE

MEM OR

›› SOUTHEASTCOMMUNITIES 36 STREET

17 AVENUE

IVE DR

IAL

02 COPPERFIELD

9 DERSON ROAD

W BO

cLE

Mc KENZIE

CL D. VO R BLV

130 AV ENU E

AKE

SHAWNESSY BLVD.

NE LOR

TRA

AIL

SPRUCE MEADOWS HWAY

D OA

OF UIS 5 of NOTE: Map is just a graphic representati onRQ of areas of developments. See ad MA a particular project for more details. SHERIFF KING STREET

JAMES Mc KE

TT VI

05 MAHOGANY

FISH CREEK PARK

BOT

EEK PARK

FOO T TR

SHOWHOMES: Walden Terrace SE DEVELOPER: Genstar BUILDERS: Cardel Homes, Innovations by Jayman, Excel Homes, Homes by Avi, California Homes, Avi Urban

TOM TR

24 STREET

DEE R

SHOWHOMES: Cranarch Landing 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

04 WALDEN

52 STREET

HLAND DRIVE

2 AVENUE

03 CRANSTON

GLENMORE TRAIL BARLOW TRAIL

MORE VOIR

SHOWHOMES: Copperpond Heath SE and Copperpond Blvd. SE www.copperfield.ca DEVELOPER: Hopewell Residential Communities BUILDERS: Excel Homes, Sabal Homes, Stepper Custom Homes

52 STREET

MacLEOAD TRAIL

ELBOW DRIV E

BLACKF OOT

A IL

17 AVENUE

1 CRANSTON AVE. SE

SETON BLVD SE

SHOWHOMES: Mahogany Boulevard SE & Mahogany Heights SE DEVELOPER: Hopewell Residential Communities BUILDERS: Jayman MasterBUILT, Sabal Homes, Stepper Custom Homes, Trico Homes, Homes by Avi ESTATE SHOWHOMES: Mahogany Manor SE BUILDERS: Baywest Homes, Calbridge Homes, Morrison Homes www.mahoganyliving.com

06 McKENZIE TOWNE

DEVELOPER: Brookfield Residential ELGIN VILLAGE SHOWHOMES: McKenzie Towne Dr. SE, Elgin Meadows Green SE., Elgin Estates View SE BUILDER: Albi Homes, Cove Properties, Cardel Lifestyles, Brookfield Homes, Avalon Master Builder www.livemckenzietowne.ca

07 NEW BRIGHTON

SHOWHOMES: New Brighton Dr. SE DEVELOPER: Brookfield Residential BUILDERS: Shane Homes, Cardel Homes, Trico Homes, Cedarglen Homes, Morrison Homes, Homes by Avi, Innnovations by Jayman, Brookfield Homes www.livenewbrighton.ca

08 CHAPARRAL VALLEY

9 01 AUBURN BAY

SHOWHOMES: Auburn Shores Way SE & Auburn Springs Blvd SE, Auburn Bay Blvd. SE, Auburn Sound Manor SE, Auburn Bay Gardens, Auburn Shores Landing DEVELOPER: Brookfield Residential BUILDERS: Brookfield Homes, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Inspire by Jayman www.liveauburnbay.ca

40 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

SHOWHOMES: Chaparral Valley Drive SE & Chaparral Valley SQ DEVELOPER: Genstar BUILDERS: Cardel Homes, Jayman MasterBUILT, Innovations by Jayman, Cardel Lifestyles, Homes by Avi, California Homes

09 QUARRY PARK

SHOWHOMES: Quarry Landing SE, Quarry Parkway SE. DEVELOPER: Remington Corporation BUILDERS: Cardel Homes

10 LEGACY

DEVELOPER: Westcreek Developments BUILDERS: Stepper Custom Homes, Albi Homes, Trico Homes, Excel Homes, Sterling Homes, Creations by Shane Homes

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 41

finances

Canadians paying off their debt the good old-fashioned way –

spending less: RBC poll Debt levels are on the rise across Canada,

and the number of Canadians who report being debt-free has decreased. Fewer than one-quarter (24 per cent) of Canadians are now debt free, down from 26 per cent in 2012, according to the third annual RBC Debt Poll. Canadians are focusing on financial fitness with a yearround emphasis on spending less and saving more. As the number of people carrying debt has increased, the average personal debt (non-mortgage) reached $15,920 in 2013 (up from $13,141 in 2012). Anxiety around debt is still a reality for many, as nearly four-in-10 (38 per cent) Canadians are anxious about their debt levels, up from 34 per cent in 2012, but the same number of Canadians (38 per cent) are comfortable with their debt. According to the poll, in an effort to practice financial fitness and reduce personal debt, Canadians have gone back to basics – reining in spending by putting off big-ticket items, including vacations and vehicles. “Despite the rising debt figure, there is a noticeable trend to responsible debt behaviour over the past year,” says Kim Taylor, director, personal lending, RBC. “We are also seeing that others need to take a step back to better manage the debt they are carrying. Before you start on any new routine, it is always best to set goals and have a plan in place. Marathon training often begins with a 5k race, and a financial plan with a path to debt repayment is key to your financial fitness success.” The RBC Debt Poll found that there was a great divide between western and eastern Canada, with debt levels increasing a staggering 35 per cent in the west compared to 10 per cent in the east since 2012. Alberta, faced with regional floods earlier this year, showed a significant increase in debt load, rising 63 per cent from 2012. Despite the higher percentage of debt in the west, residents of eastern Canada (41 per cent) are more anxious than their western neighbours (34 per cent) about their debt levels. “Regardless of where you live, it remains clear that Canadians on the whole can benefit from understanding the true cost of debt and responsible borrowing practices,” says Taylor. “If you’re uncertain about debt, talk to a professional and build a roadmap on how to get to where you need to be. Knowledge is power, and a planner can help provide you with the tools you need to move forward.” 42 New home Guide | dec 6, 2013 - jan 3, 2014

Taylor offers the following tips on getting financially fit: › Get to know your debt: credit cards, loans, lines of credit – how much do you owe? › Online calculators such as the Debt Reduction Plan are available for you to get a better picture of your exact debt figure. › Schedule an appointment to speak with an account manager. › An account manager is your best tool to help provide unique solutions for you to work on your financial fitness. › Look at your options: what do you think makes the most sense for you to manage debt? › Ask yourself: What are you most comfortable with and what is the best way for you to pay off your debt? A consolidation calculator can help you determine what’s best for you. › Make a plan to reduce your debt and stick to it. › Like any fitness plan, this is no different: you need to stick to it to see results.

thehomebuyingprocess

Getting a warranty

one advantage

of buying a new home

Donna Moore Executive Officer, Calgary Region Home Builders’ Association 403.235.1911 | crhba.com

by Donna Moore vider by telephone or check the website. is getting peace of mind with a warranty. And you can get more information on the Purchasing a home is a significant investment, and you want to make new New Home Buyer Protection Act by sure it is well protected. In fact, in order for a builder to become a member visiting municipalaffairs.alberta.ca of CHBA-Calgary Region, they are required to offer warranty protection Before you move into new your home, for the homes they build and sell. So while you’re looking at the variety your builder will schedule a pre-delivery of new showhome models open throughout the Calgary region, consider inspection. Together, you and your builder the warranty and what it covers. will go through the home to verify that it is New home warranties vary in each province. In Alberta, it is esti- built according to plan, with the features and mated about 80 per cent of new homes currently have a warranty, with inclusions specified in your agreement. generally the building envelope, fit and finish and delivery and distribution At this time, you should take note of systems covered for one year, and major structural covered for five years. any imperfections and defects that require New-home buyers in Alberta will soon see new legislation that ensures attention, down to the smallest detail, such the single largest purchase their family makes will be protected by one as a sticking drawer, a missing towel rack, of the strongest warranty programs in the country. a scratch on the wall and so on. Discuss Alberta’s New Home Buyer Protection Act comes into effect on Feb. with your builder how and when these 1, 2014 for all new homes and condos being built in the province. This items will be dealt with. act requires builders to provide, at minimum, a warranty for: During the walk-through, your builder ›› O ne year labour and materials; will also explain how to operate and service ›› T wo years for defects in labour and materials related to delivery and the mechanical systems, and how to take distribution systems; care of certain components to ensure long›› Five years building envelope protection, with a requirement for the lasting performance. Find out what are you warranty provider to offer the consumer the option to purchase addi- responsible for once you move in, as this tional years of coverage; maintenance may be part of the warranty. ›› 10 years coverage for major structural components. Ask your builder about its after-sales What does getting a new home warranty mean to the buyer? It means service standards and what process it has they can make a substantial investment in a new home and know they in place if you have questions about your will have protection against defects in work and materials, defects in the home, encounter any problems or need building envelope (roof and walls) and against major structural defects. service. Open communication is key to Before you sign a contract with your builder, know what you’re getting. avoiding conflict between you and your Ask the builder to explain the warranty before so you have a thorough builder, but in the event both parties don’t understanding of what’s covered and what’s not. Also verify that the see eye to eye, the warranty provider can builder is registered with a warranty provider; you can contact the pro- provide support and ensure appropriate action. Most warranty providers also offer detailed consumer information, including home maintenance, online or you can request written publications. Getting a new home warranty is a great feature of your new home and goes a long way to protecting your investment. One of the great advantages of buying a new home

Ask the builder to explain the warranty before so you have a thorough understanding of what’s covered and what’s not.

44 New home Guide | dec 6, 2013 - jan 3, 2014

OLD

BAN

CENTRE STR

14 STREET

ST O

RA IL N

›› SOUTHWESTCOMMUNITIES 8 COACH ROAD

05 S PRING VALLEY ESTATES

SHOWHOMES: 16 Spring Valley Land SW BUILDERS: Tudor, Legend Developments, Elegant

06 C RESTMONT

16 AVENUE

SHOWHOMES: 53 Crestridge View SW DEVELOPER: Qualico BUILDERS: Augusta Fine Homes, Jaymack Custom Homes

MEM

ORI

08 C OULEE WAY ESTATES

DEVELOPER: Coulee Way Developments BUILDER: Christal Homes www.couleewayestates.com

BLACK FOOT TRAIL

ELBOW DRIVE

10 E LMONT BAY

BUILDERS: Westview Builders, Winwood Homes Showhomes Coming Soon www.elmontbay.com

GLENMORE RESERVOIR

11 S EQUOIA IN SILVERADO

MACLEOAD TRAIL

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

SOUTHLAND DRIVE

DEVELOPER: Qualico Communities SHOWHOMES: Silverado Plains Circle BUILDERS: Broadview Homes, NuVista Homes, Sterling Homes

12 D RESSAGE IN SILVERADO BOTTOM TR

24 STREET

ANDERSON ROAD

MCKEVITT

BUILDERS: Prominent Homes, Crystal Creek Homes, Lupi Luxury Homes, Augusta Fine Homes

MA CLE

JAMES ET

37 STRE

16 A SPENSHIRE

SHERIFF KING STREET

BUILDERS: Prominent Homes

TRA

S PRUCE MEADOWS HWAY

01 E VERGREEN

13 W ESTLAND ESTATES

15 W EST GROVE ESTATES

SHAWNESSY BLVD.

162 AVENUE

11 3 12

DEVELOPER: Qualico Communities SHOWHOMES: Showhomes Coming soon BUILDERS: Baywest Homes, Augusta Homes

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

FISH CREEK PARK FISH CREEK BLVD

07 PASKAPOO IN COUGAR RIDGE DEVELOPER: Apex Developments BUILDERS: Excel Homes www.paskapooatcougarridge.com

17 AVENUE

37 STREET

17 AVENUE

SARCEE TRAIL

69 STREET

14 AVENUE SW

85 STREET

BOW TRAIL

SHOWHOMES: Everbrook Dr. SW DEVELOPER: Genstar BUILDERS: California Homes

02 C URRIE BARRACKS

SHOWHOMES: J5 2953 Battleford Ave. 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

03 S ILVERADO

SHOWHOMES: Silverado Drv. SW, Silverado Skies SW, Silverado Blvd. SW DEVELOPER: United Communities BUILDERS: Baywest Homes, Homes by Avi, Sterling Homes, Pacesetter Homes, Trico Homes, Avi Concept

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 45

mortgagemogul

WHY USE A MORTGAGE BROKER? so because they are already “booked up” with appointments? Mortgage brokers will meet with you where and when you prefer, or at the very least offer you the convenience of arranging your financing via phone, fax and or email. Generally speaking, you can be pre-approved for mortgage financing the same day you apply. Finally, mortgage specialists are able to offer their clients a more relaxed qualifying process. If you don’t happen to meet all of your banks’ criteria, they will often turn you away, whereas a broker will continue to source your application to as many lenders as required to find you the financing you So, why exactly should you contact a mortgage broker? require based on your personal situation. Firstly (and probably the biggest reason for most clients) – rate, If you are looking for a change, and would like rate, rate! When you go to your bank, more times than not, you to experience the convenience and value of working will be put into the common situation of having to negotiate with with a dedicated mortgage professional, ensure your banker for a better rate. When you work with a broker, if you that they have their proper accreditation. As a qualify for the best rates (based on your credit history), you auto- mortgage planner working with Axiom Mortgage matically get the best rates. And the best part – it doesn’t cost you Solutions, I am governed by the Alberta Mortgage a thing. There is no charge for our service and no negotiation is Brokers Association (AMBA), and the Real Estate required. Just remember, even a .25 per cent lower rate can save Council of Alberta (RECA). you thousands of dollars in interest over the course of your term. As always, I welcome any questions or comSecondly, you have more lenders and options to choose from. ments you may have regarding the information When you go to your bank, you only have access to their suite of contained in my articles. Until next month… mortgage products to choose from. Mortgage brokers have access to more than 30 lenders, including many of the chartered banks, so we have a vast array of mortgage options to suit your particular needs and goals. While there can be subtle differences, something such as better prepayment privileges may be a reason for choosing one institution over another. JASON ELDRIDGE P.F.P, B.Admin Mortgage Specialist, Thirdly, mortgage brokers cater to your schedule, not the Axiom Mortgage Solutions (formerly Unisource Mortgage) other way around. Don’t you enjoy the process of calling your CELL 403.630.1718 FAX 866.708.5807 bank and then you are told that they can’t see you for a week or EMAIL jason@axiommortgage.ca FOR YEARS, PEOPLE WISHING TO PURCHASE OR

refinance a home have always gone to the same place – their bank. Is this the best option for everyone? Not necessarily, but it is the one option that most people have been aware of, or felt obligated to use... perhaps until now. In the past, mortgage brokers were often called upon in cases where the client(s) did not qualify under traditional criteria, or they needed money quickly, and hence had to borrow from a “loan shark.” While mortgage brokers still assist clients with bruised credit or other qualifying challenges, the vast majority of our clientele is made up of clients just like yourself, with good job stability and excellent credit.

WEB/APPLY ONLINE jason.axiommortgage.ca

46 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

homebuyersâ&#x20AC;&#x2122;help

HomeBuyersâ&#x20AC;&#x2122; 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

homebuyers’help

cALcuLAte YouR mortGaGe Payments 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

TOTAL PRE-TAX Income

amount of mortGaGe (PRICE – DOWN PAYMENT)

amortIZatIon amount

montHly Payments

MORTGAGE PAYMENT CALCULATION CHART Interest rates %

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

Calculate the combined monthly before-tax income of you and your spouse.

Multiply this figure by the amount you need to borrow. Divide by

1,000.

Divide by three. This figure is the monthly payment you can afford to make on your home.

Add to this your estimated monthly heating costs and monthly property taxes.

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.

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 first-time buyers take the 25-year amortization.)

48 NEW HOME GUIDE | DEC 6, 2013 - JAN 3, 2014

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 and get 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

3.190

3.590

3.790

Bank of Montreal

3.000

4.000

3.140

3.950

4.740

5.340

Bank of Nova Scotia

3.100

4.550

3.750

3.890

3.990

4.390

4.990

cIBc mortgages

3.000

4.450

3.090

3.140

3.950

4.590

5.340

canadian western Bank

3.200

4.000

3.140

3.950

4.740

5.340

canadian western trust

3.200

4.000

3.140

3.950

4.740

5.340

First Calgary Financial

4.000

2.890

3.190

3.390

3.790

First National Financial

2.600

3.950

2.990

2.790

3.090

3.390

3.590

HsBc Bank canada

3.100

4.450

3.600

3.950

4.450

4.990

5.340

ING Direct

3.000

3.190

3.240

3.590

3.690

4.090

Investors Group Trust

3.000

4.200

3.140

3.950

4.740

5.340

laurentian Bank canada

3.000

4.400

3.140

3.190

3.950

4.740

5.340

london life

3.000

4.200

3.140

3.950

4.740

5.340

Manulife Bank

2.800

4.450

3.000

3.200

3.350

3.450

3.740

Manulife Trust

4.450

3.000

3.200

3.350

3.450

3.740

National Bank

3.100

4.400

3.140

3.950

4.740

5.340

4.500

3.150

3.500

3.950

4.150

President’s Choice Fin’l

3.000

6.040

3.240

3.590

3.690

4.090

RMG Mortgages

3.000

2.890

2.990

3.090

3.590

Royal Bank of Canada

3.000

4.000

3.140

3.850

4.740

5.340

Servus Credit Union

4.000

3.140

3.950

4.740

5.340

Steinbach Credit Union

2.600

2.800

3.000

3.150

3.350

3.000

4.000

3.090

3.140

3.950

4.740

5.340

3.400

3.500

3.600

3.690

3.590

MORTGAGE TYPES ALL MoRtGAGes ARe oF tWo BAsic tYPes: conVentionAL The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less. The buyer has to pay 20% down. A conventional mortgage cannot exceed 80% of the value of the property. INSURED OR HIGH-RATIO: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.

MORTGAGE OPTIONS

Peace Hills Trust

T-D Mortgage Your Neighbourhood C.U.

You can choose any of these mortgage options which fit into the two basic mortgage types. Lenders may even customize these options to suit your needs. oPen MoRtGAGe: Allows borrowers to repay all or part of the total amount of their mortgage at any time without penalty. Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a shortterm 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 noVeMBeR 28, 2013. this information is current as of the date and time posted and is subject to change without notice. © copyright 2013 CANNEX Financial Exchanges Limited. All rights reserved.

DEC 6, 2013 - JAN 3, 2014 | NEW HOME GUIDE 49

inthenews

Canada’s unemployment rate

headed lower: CIBC Demographic and policy changes mean

Canada’s unemployment rate has room to drop much further before we’ll see pressure on wages that could trigger inflation, finds a new report from CIBC World Markets Inc. The report notes that historically, today’s 6.9-percent unemployment rate would already be generating wage and price pressures. In both 1999 and 2005, the Bank of Canada declared the economy had exhausted economic slack and reached full employment at essentially the very same jobless rate. In both cases, the Bank raised interest rates to cool the country’s overheating economy. “But full employment ain’t what it used to be, and that’s good news for job seekers,” says Avery Shenfeld, chief economist at CIBC. “Demographic and public policy changes in recent years have lowered the noninflationary rate of unemployment. That will allow the Bank of Canada to keep rates low for long, and press ahead towards further labour market improvements.” Shenfeld notes that, unlike the U.S., where millions of discouraged workers have given up searching for work and no longer count among the unemployed, discouraged workers excluded from the jobless count represent only 0.1 per cent of Canada’s working-age population. Those saying they want work but aren’t in the labour force represent the same two per cent share that they did when the output gap was zero in 2005. While the participation rate has dropped, he adds that’s solely due to shifting demographics, as a greater share of the population reaches retirement age. If the population shares of each age cohort are held constant, the participation rate would have been rising since the recession, as other than youth, each demographic group’s participation rate has been steady or rising. “Underemployment is, however, a factor that has led to an understatement of labour market slack relative to the past cycle,” says Shenfeld. “There are close to 900,000 Canadians working part-time because that’s all they can get, rather than by choice. That’s a halfpercentage-point larger as a share of the workforce than when the economy had full employment in 2005. The 50 New home Guide | dec 6, 2013 - jan 3, 2014

additional hours they could offer up provide a cushion against wage and price pressures.” Canada’s degree of “frictional unemployment,” the inevitable share of the labour market that will, even in a healthy economy, be between jobs or looking for their first job at any point in time, is also contributing to a lower jobless rate. This unemployment category has been in decline and the rate is already lower than at points in 1999 and 2005 when the output gap was zero. Changes in government policy are a factor in the reduced level of frictional unemployment. “New immigration rules are focussed on tilting the mix of new Canadians towards those with targeted skills and stronger language proficiency,” notes Shenfeld. “Those coming in under the Provincial Nominee Program, focused largely on job-ready individuals who cross the border with a job offer in hand, represent 13 per cent of new permanent residents, up from only two per cent in 2005.” Tighter rules for unemployment eligibility now require Canadians to accept a wider range of employment offers rather than continue to search for a job that’s either higher paying or closer to home. EI recipients now represent 37 per cent of unemployed in Canada, down from 51 per cent in 2009 and an average of 47 per cent in the ten years prior to the last recession. Shenfeld also suspects declining unionization coverage could also be a modest factor by reducing worker bargaining power, particularly as Canadian workers now compete with “right to work” states south of the border. He notes that this could reduce the wage inflation pace at any given level of unemployment. “All of this implies that the labour market has more room to run to lower unemployment rates before wage pressures threaten the Bank of Canada’s two per cent CPI target. Add to that some other factors putting downward pressure on CPI and there are reasons for the Bank of Canada to eschew rate hikes until early 2015. “By that point, we expect Canada’s unemployment rate to be in the vicinity of 6.2 per cent, well below what had previously been the Bank of Canada’s comfort zone.”

IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

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13-02-26 4:50 PM 2013-11-27 11:41 AM

Homesat prices even Scrooge wouldnâ&#x20AC;&#x2122;t

Humbug.

Jayman.com/quickpossessions

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