Calgary New Home Guide - July 19, 2013

July 19 - Aug 16, 2013 Volume 16 Issue 08

inside this issue

001-NHCAL CVR_08-19-2013.indd 1

SPECIAL SECTION: discover COCHRANE

CHBA CALGARY NAMES NEW PRESIDENT

HOW HOMEOWNERS CAN RECOVER FROM FLOODS

7/12/13 1:24:22 PM

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2013-07-10 4:14 PM

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Andorra II Showhome A prime location in SE Calgary, New Brighton is just minutes away from schools, shopping, recreational

Total: 2054 sq. ft.

Main: 929 sq. ft.

Second: 1125 sq. ft.

facilities such as the New Brighton Club featuring indoor/outdoor activities and a 20-acre central park and pond perfect for a family bike ride or morning jog.

Showhomes Address: 815 & 819 New Brighton Drive SE, Calgary N

For more info call Ron at:

403-536-2307

130 Avenue SE

rS E

Ne w B

ri g h ton D r S E

52 St SE

Deerfoot Trail

New Brigh ton D

New Brighton Showhomes

McKenzie Towne Blvd SE

*Pricing subject to change without notice.

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

follow us:

shanehomes.com

contents JUlY 19 - aUg 16, 2013

||

voLume 16 issue 08

cover story APEX Developments FAMILIES FALLING IN LOVE WITH HEARTLAND IN COCHRANE PAGE 12

features & editorials

IN THE NEWS

24

IN EVERY ISSUE

8

editor’s note

COLUMNISTS 36 the homebuying process

CHBA - Alberta names new president, honours members

29 50

by Donna Moore

42

insight

Tips to implement your landscape plan

by Brad Jackman

52

fundamentaLLy speaking

It’s never too early to begin your tax planning mortgage moguL

Mortgages 101

by Jason Eldridge

royaL Lepage

Calgary home prices continue to rise in second quarter bmo

SPECIAL SECTION: DISCOVER COCHRANE cover story

12

Canadian home prices not overvalued: BMO Economics

34

IBC offers advice in wake of Alberta floods

by Heather Ryan

38 25

insurance needs

Steps for homeowners to recover from Alberta floods

showhome review

Homes by Avi offers fabulous lineup in Sunset Ridge

by Heather Ryan

20

showhome review

Homes by Avi Dream Home inspired by Frank Lloyd Wright

community profiLe

Tamani’s Riversong offers tranquil living along the Bow

by Heather Ryan

18

showhome review

Buyers adore Creations’ new showhomes in Legacy

Families falling in love with Heartland in Cochrane

by Heather Ryan

HOMEBUYERS’ HELP insurance needs

25

homebuyers’ resource section

Mortgage calculator and rate table

Canada’s economic outlook closely tied to U.S. rebound

16

by Wayne Karl

55

56

economy

showhome review

Sabal Homes presents showhomes in Riversong

by Heather Ryan

22

showhome review

Landmark opens two showhomes in Fireside of Cochrane

by Heather Ryan

vice-president, wall2wall media

Jacqueline Hill

director of sales, western canada

Josh Heppner

editor-in-chief, national real estate

Susan Legge art director

Bianca DiPietro editor

Wayne Karl contributing editors

Sara Duck Elisa Krovblit Lydia McNutt (on leave)

16 18

Melanie Gowans

Senior media cONSULTANT

403.200.8462 Follow us on twitter at Twitter.com/NewHomeGuideMel 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

Published by

district maps 8

Okotoks

11

Cochrane

27

airdrie

33

southeast

41

northwest

34 Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

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.

47 calgary region east

49

southwest

51

calgary region south

53

Northeast

Copyright 2013 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 ­misprints. 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

Every little bit helps

Doing our part to rebuild Calgary

T

hank you for picking up this issue of New Home Guide. Calgary is busy rebuilding and proudly on the mend. We’ve gone beyond the pages of this magazine to offer our assistance. As a Wall2Wall Media publication, this magazine is owned by Yellow Pages Group (YPG). Thinking outside the box, YPG has used its corporate resources to help Calgary’s flood relief efforts in several ways.

In terms of media, YPG has donated online advertising space across all of Yellow Media properties to the Canadian Red Cross to promote their flood relief efforts. It has made a $25,000 contribution to the Canadian Red Cross directly at redcross.ca. As well, YPG has created a portal to facilitate employee donations.

In terms of a contribution of physical time and effort, 60 YPG staff have volunteered at Calgary drop-in centres and as neighbourhood clean-up crews.

While efforts will continue in the post-flood relief, we will keep bringing you the best of the real estate market across Canada. We hope you enjoy this issue and look forward to hearing from you.

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

Know your builder and warranty Understand what’s covered – and what’s not

A

s Calgary and other parts of Alberta – and Toronto in the east – (at time of writing) are still reeling from severe rainfall, flooding, power outages and other issues, it’s the perfect time to discuss new-home warranties.

You wouldn’t dream of buying a new car, TV or other big-ticket item without first inquiring about the manufacturer’s warranty, would you? When it comes to buying a new home, you should be just as diligent, if not more so.

Some people may be so excited about their purchase that they’re more interested in choosing finishes than reading the fine print of a sales agreement.

Or maybe they assume all builders are created equal, and that certain things are covered, when in fact they may not be. Or it might be a lack of awareness of just how new-home warranties work.

Welcome to the Alberta New Home Warranty Program, founded in 1974 by Alberta home builders to provide warranty protection and to encourage improved performance for the new home building industry. It is, unfortunately, a necessary but extremely valuable program. It is also one you should get to know.

Just like for cars or electronic devices, all manufacturers and product are not created equal. Learning about your new-home builder and warranty is a crucial part of the homebuying process.

Wayne Karl

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

06 NEW HOME GUIDE | JUL 19 - AUG 16, 2013

THERE’S NO PLACE LIKE HOME! You’re not in Kansas anymore…

You’re in Drake Landing – a magical realm 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

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

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ISTER CR GATE

ID GE D

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338 AVE. E.

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MILLIGAN DR.

3 32 ST. E.

2A

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, Shane Homes, Sterling Homes, Creations by Shane Homes, Prominent Homes

08 NEW HOME GUIDE | JUL 19 - AUG 16, 2013

RO N TR A I L

2B

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WESTLAND ST.

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›› OKOTOKSCOMMUNITIES

LVD.

7

2A

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

06 THE HILL IN WESTRIDGE SHOWHOMES: Westridge Road DEVELOPER: Qualico BUILDERS: Sterling 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

DISCOVER

a r h n c e o C SPECIAL FEATURE

09

DISCOVER COCHRANE

COCHRANE IS ONE-OF-A-KIND. Clean. Safe. Friendly. A small town at the doorstep to the Rockies, with big city amenities just moments away. It’s no surprise Cochrane is growing fast, but we’ll never lose our sense of community. It’s in our blood.

Whether you’re moving out for the first time, choosing a great community for your growing family, or looking for a change of scenery, Cochrane is great for every stage of your life and Jayman has a home for every lifestyle. We build a wide range of housing styles through our different home building divisions – Jayman MasterBUILT, Innovations by Jayman and Jayman Modus.

No other builder is as committed to Cochrane as we are.

We love this town and, just like you, we’re here for a lifetime. nes

w t l e d ne xt to the b o

HOMES $480S STARTING FROM THE

FRONT GARAGE MOVE-UP / SEMI-ESTATE/ESTATE BUNGALOW VILLAS / TWO-STOREY MANORS

HOMES $280S STARTING FROM THE

FRONT DRIVE / SEMI-DETACHED / TOWNHOMES / LANED

1 & 2 BEDROOM

CONDOS $170S STARTING FROM THE

MOVE IN THIS SUMMER

check out the videos and virtual tours at 10

CochraneForLife.com

›› COCHRANECOMMUNITIES RA

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02 JUMPING POUND RIDGE

SHOWHOMES: Jumping Pound Terrace www.jumpingpoundridge.com BUILDERS: WestView Builders, Kingsmith Homes

03 SUNSET RIDGE

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

SHOWHOMES: Heritage Green DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Trico Homes,

RD

01 HERITAGE HILLS

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NOTE: Map is just a graphic representation of areas of developments.

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RIVER HEIGHTS DR.

4

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

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 11

RANGE RD 40

HORSE CREEK RD.

NG

1A

1A

DISCOVER COCHRANE

coverstory

Families falling in love with APEX’s Heartland in Cochrane

by Heather Ryan

W

ith a tranquil natural setting, beautiful streetscape and the charm of small-town living it’s easy to see why families are falling in love with Heartland in Cochrane.

Ideally located at the edge of the Foothills on the west side of Cochrane off of Hwy. 1A, APEX Developments is crafting Heartland that offers new homebuyers the feeling of living in the country yet there is a wide range of amenities close at hand.

“Heartland is a beautiful, family-oriented community,” says Susan Henderson, senior development manager at APEX. “When you come into the community you’ll be amazed by the entrance with its extra wide centre medians that are extensively landscaped with a variety of trees and river rock that really makes a statement.”

“We’re really excited to have such a great response from buyers and sales have really taken off,” she says.

“We’ve just released new lots in Phase 1C, which are all single-family front attached garage lots, and a portion of them front onto a future park site.”

Home designs throughout the community have been inspired by the beautiful natural setting and feature Alpine, Prairie, Homestead and Arts and Crafts architectural styles that are highlighted by steep open-ended gables, stone details and columns, low slope pitch roofs and clean lines.

“These are very stylish, character homes that reflect the surroundings and the charm of the area,” Henderson says. “The application of the specific style elements 12

helps to establish a sense of structure, identity, continuity and cohesiveness in Heartland, and ensures a lasting value in the community while creating an esthetically-pleasing streetscape.”

In Heartland, buyers will discover streets named with equestrian themes, pathways, which will link to Cochrane’s trail system, and there will be a huge horseshoe park with playground equipment and a soccer field that is already under development.

Buyers also love Heartland because it offers differing housing choices to suit a variety of tastes, needs and budget.

Excel Homes is offering single-family homes with double front-attached garages with an attractive price point starting in the $360,000s. Single-family laned homes are starting from the $280,000s.

Excel has two double front-attached garage showhomes on display – Weston, a 1,735-sq.-ft. two-storey, and Ainsworth, a 2,108-sq.-ft. two-storey. The Weston is a popular plan with buyers providing plenty of storage, great use of space and an open design. The Ainsworth also presents the open concept design with a dynamic open-to-above entry and many sought after features.

As well, Excel is featuring two-storey townhomes, Heartland Townhomes, in three- and four-plexes, with new showhomes showcasing four of eight models – the 1,399sq. ft. Walton, the 1,458-sq.-ft. Birchwood, the 1,484-sq.-ft.

Paxton and the 1,532-sq.-ft. Stapleton.

Heartland Townhomes start at $274,900, so they appeal to first-time buyers looking for affordability, as well as empty

With a tranquil natural setting, beautiful streetscape and the charm of small-town living it’s easy to see why families are falling in love with Heartland in Cochrane. nesters and downsizers because they offer such a wide range of styles and sizes ranging from 1,209 to 1,630 sq. ft.

The townhomes are two-storey designs, with a limited number of third-storey lofts available, and come with a huge front veranda. All the townhomes offer three bedrooms and two-and-a-half bathrooms. Four of the eight models offer a rear attached over-sized single-car garage and rear deck and there is an option to have a rear detached garage with the other models.

Another reason to love Heartland is its great location on the west side of Cochrane with stunning mountain and river valley views and convenient direct access to Hwy. 1A making it easy for residents to commute to Calgary or head to the mountains.

Residents will appreciate that it’s just minutes to downtown Cochrane, where they can enjoy an array of retail choices from big box stores to boutique shops, restaurants, services, recreation facilities, schools, parks and playgrounds and pathways. They’re also just a five-minute stroll to the river to walk the dog, enjoy a scenic picnic or cast a line.

The LRT extension to Rocky Ridge, just a few minutes up the highway, will also benefit residents who work downtown and there is also the LRT at Crowfoot.

For more information on Heartland, visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., or visit heartlandcochrane.com jul 19 - aug 16, 2013 | New home Guide 13

14

HORSE CREEK RD.

Y. 2

Y. 1 A

HW

2

HW

MITFORD PARK

CALGARY

DISCOVER COCHRANE

DISCOVER COCHRANE

DISCOVER COCHRANE

TO CALGARY

N 1A

COCHRANE BOW RIVER

RIVIERA WAY

22

RIVER HEIGHTS DRIVE

JAMES WALKER TRAIL

TO CALGARY

1

15

DISCOVER COCHRANE

communityprofile

Tamani’s Riversong offers tranquil living along the Bow in Cochrane

by Heather Ryan

A

picturesque community that offers a serene setting along a heavily treed escarpment with the Bow River at the doorstep has residents singing the praises of Riversong in Cochrane.

Situated south of the Bow River and east of Hwy. 22, Tamani Communities has created this master-planned community on more than 340 acres on the escarpment above the Bow River, with approximately 100 of those acres set aside as an environmental preserve, ensuring an abundance of greenspace for everyone to enjoy.

“The biggest appeal to Riversong is the lifestyle,” says Nicole Westman, marketing co-ordinator with Tamani Communities. “Once people come into Riversong they love the look and feel of the community; it’s very tranquil and in Riviera homes back onto the forest and Bow River so it’s a beautiful natural setting. Its location also provides fabulous views of the escarpment, the Rockies, Bow River and the town of Cochrane.”

Buyers are drawn to Riversong because “it feels like they’re living in the country, but with all the conveniences of the town of Cochrane and because of the close proximity to the mountains,” Westman says. “People say they love the feeling of being able to step away from the hustle and bustle of the city and enjoy the charm of small town living.”

Riversong’s laid-back lifestyle is being well received by a diverse group 16

Once people come into Riversong they love the look and feel of the community; it’s very tranquil and in Riviera homes back onto the forest and Bow River so it’s a beautiful natural setting. Its location also provides fabulous views of the escarpment, the Rockies, Bow River and the town of Cochrane

People say they love the feeling of being able to step away from the hustle and bustle of the city and enjoy the charm of small town living.

of buyers from young singles and couples, to families and empty-nesters. “We’re getting a lot of traffic coming through the showhomes and the community; we’ve sold 18 lots in Riviera and the showhomes just opened two weeks ago.”

Many buyers are drawn to Riversong’s already established amenities, such as the parks and pathways, the Bow Valley High School and a pedestrian bridge that crosses the Bow River and connects the community to downtown Cochrane. Buyers also appreciate that more than 40 per cent of the community is greenspace including natural parks, tot lots and pathways linked throughout the community.

“We’ve also developed a road to access the area along river, where we’re now selling, and the road includes a bike path so residents can connect to the pedestrian

bridge,” Westman says, noting it’s about a 10-minute bike ride or a 20minute-plus walk to Cochrane’s downtown. “We have also developed our second park, a pond along the waterfront and pathways throughout the community.”

Riversong provides a wide range of housing product that is attracting various homebuyers from those first starting out to those looking to move up and seeking luxury.

Phase 4 (The Pointe), which features front-attached garage homes crafted by Jager Homes, Jayman MasterBUILT and NuVista Homes, has been so well received that this phase is already 95 per cent sold, “so this is your last chance to get into this phase,” Westman says.

The release of Phase 5 this spring provides even more choices with lots close to park space and pathways, and choices of laned, single frontdrive and semi-detached lots.

In Phase 5, Innovations by Jayman and Trico Homes are building semidetached homes; Innovations by Jayman is building single- and double-front drive homes; and Sabal Homes and Trico are offering laned homes.

A parade featuring 10 showhomes also opened in Phase 5 this spring and homes in this phase start in the $300,000s including lot and GST. In Riviera, Jayman MasterBUILT and Trico Homes are “crafting estate front-drive homes that back onto the Bow River,” Westman says.

“Starting at $510,000 these are affordable homes with lots that either face a park, trees or the river. We also have front drive Villa and Manors

by Jayman that start in the $450,000s.”

Tamani recently opened six new showhomes in Riviera and buyers can visit rivieracochrane.com to find out about lot availability.

Riversong presents Contemporary Heritage architecture of four tried and true styles – Craftsman, Prairie, Georgian and Colonial – that reflect the natural surroundings and combined with the use of Smart Board and bright colours creates an esthetically-pleasing streetscape.

Riversong offers a convenient location being an easy 20-minute drive to Calgary’s west side or the mountains, and just minutes to downtown Cochrane where they can enjoy an array of shops, restaurants and services.

For more information on Riversong, visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., or visit riversongcochrane.com and rivieracochrane.com. Join Riversong on Facebook for up-to-date community events and openings. jul 19 - aug 16, 2013 | New home Guide 17

DISCOVER COCHRANE

showhomereview

Homes by Avi offers fabulous lineup in Cochrane’s Sunset Ridge

by Heather Ryan

N

ew-home buyers in Cochrane seeking quality crafted homes that offer well thought out designs that combine function and style are thrilled to discover the fabulous line up being offered by Homes by Avi in Sunset Ridge.

The award-winning builder, which is known for crafting qualitybuilt homes in Calgary and area for 35 years, is building for first time in Cochrane and “we’re excited to be here,” says area manager Dahlia MacRae. “Cochrane is a beautiful, peaceful community that is close to the mountains, so it offers numerous recreational opportunities for people. If you like the feeling of getting away for the weekend, you can enjoy that feeling every night when you come home in Cochrane.”

18

Homes by Avi has two showhomes on the parade in Sunset Ridge – Murphy and Kelsey – and has six other models available in the community that range from 1,700 to more than 2,000 sq. ft. All the homes feature three bedrooms and double front attached garages.

Murphy, a 1,747-sq.-ft. home “is well laid out with a nice open concept floorplan that is great for entertaining,” says MacRae. “The showhome is on a corner lot so it features lots of windows and a welcoming wraparound veranda.”

Inside the great room has a wall-centred fireplace and it’s open to the kitchen and nook. The kitchen serves up delectable features including quartz countertops, thermafoil cabinets with dark wood grain look, under cabinet lighting, stainless steel appliances, chimney hood over the range and a large flush island with eating bar. A walk-through pantry leads to the mud room off the garage entry and a half-bath.

Upstairs, buyers adore the spacious master bedroom with its inviting ensuite that features his and hers sinks, separate tub, walk-in shower and a beverage centre.

There’s also a lounge area in the loft, upstairs laundry, two generous kids bedrooms and a main full bathroom.

At 2,148 sq. ft., the Kelsey provides buyers with extra space they desire, MacRae says. “This is a larger home so there is a flex room off the front entry that can be used as an office (as shown in the showhome), or you can use it as a formal dining room or play room for the kids.”

The open concept main floor also features a large great room highlighted by a gas fireplace that is shifted to one side and surrounded in brick from floor to ceiling with floating shelves for a dynamic look. The kitchen has similar features to the Murphy, but offers an expansive raised island providing extra seating at the breakfast bar, oak cabinetry and a finger tile backsplash. A walk-through pantry leads to the main-floor laundry/mud room and a half-bath.

“People really love the rustic style oak floor on the main because it’s so stunning; we get a lot of great comments about it,” MacRae say. “They also love the upstairs bonus room, which is really nice with a vaulted ceiling and skylights creating a bright and airy space.”

A spacious master bedroom also features large walk-in closet and a luxurious ensuite with his and hers sinks, separate tub and seamless glass walk-in shower with built-in tile bench. There are also two good-sized bedrooms for the kids and a main full bathroom.

MacRae notes that buyers are also impressed that all the Homes by Avi homes have large garages. “Size does matter, and our homes come standard with a minimum 18-ft.-wide by 22-ft. deep garage.”

Homes by Avi has a variety of lots available in Sunset Ridge, several that have west-facing backyards, and all close to parks, greenspace or walking paths that are in abundance in the community.

For more information on the various models by Homes by Avi in Sunset Ridge, visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m. call 403.536.7220 or visit homesbyavi.com jul 19 - aug 16, 2013 | New home Guide 19

DISCOVER COCHRANE

showhomereview

Sabal Homes presents two terrific showhomes in Riversong

by Heather Ryan

N

estled in a tranquil natural setting in Cochrane’s Riversong, Sabal Homes presents uncommonly stylish homes that are functional and inviting, offering new-home buyers numerous options to meet their lifestyle needs.

Sabal Homes has two laned showhomes now open – the Ovation and Verso – along with seven other laned models available in the community that range from 1,033 to just over 1,700 sq. ft.

At 1,704 sq. ft., the “Ovation is our largest home and is one of the most popular because it’s so striking,” says area manager Shelly Osten.

“The interior is done in a Farmhouse Fresh country feel highlighted by red oak hardwood flooring and a big farmhouse sink – it’s a great feature for gardeners and busy families.”

Another popular feature in this well-planned home is a main floor tech room that provides space for a home office. This functional area is located just off the large front lifestyle room, which is highlighted by a “fireplace mounted in a structural built-out for a dramatic look,” Osten says.

Towards the rear of the home are the dining room and huge U-shaped kitchen that serves up a central island with flush eating bar, granite countertops, alder cabinets, a custom hood fan and a stylish, yet practical cabinet pantry. Completing the main floor is a spacious mud room with the farmhouse sink, along with a half-bath.

Upstairs, the master bedroom has a large walk-in closet and inviting ensuite that features a long vanity, soaker tub and a separate walk-in shower. There’s also an upstairs laundry room, a full bathroom and two 20

generous secondary bedrooms – including one with a walk-in closet.

The Ovation also showcases the developed basement option featuring a large fourth bedroom, bathroom and media room.

Next door, the 1,501-sq.-ft. Verso showhome has a welcoming front veranda that gives way to a private front entry with a built-in bench. The open-concept main floor features a large great room highlighted by a fireplace with “a unique wood-grained tile accent and an eye-catching green mantle for a modern look,” Osten says.

Beyond this comfortable space is a central dining room, and toward the back of the home, the large L-shaped kitchen offers an expansive island with a flush breakfast bar, hickory cabinetry and a walk-in pantry.

A niche by the stairs provides space for a computer station, hall table or a bench, while a mud room and a half-bath are tucked near the back door.

Upstairs, the master bedroom features a large walk-in closet and a three-piece ensuite, while two spacious secondary bedrooms, a full bathroom and upstairs laundry finish the space with flair.

Lots are now available in this fantastic and welcoming community, with a Sabal home to suit every lifestyle. Prices from the $300,000s make uncommonly stylish living attainable in Cochrane’s beautiful Riversong.

For more information on Sabal’s various models in Riversong, visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m., call 403.981.9280 or visit sabalhomes.com

DISCOVER COCHRANE

21

DISCOVER COCHRANE

showhomereview

Landmark opens two new showhomes in Fireside of Cochrane

by Heather Ryan

T

wo new showhomes that offer terrific designs and energy efficiency at an affordable price point are welcoming buyers to Fireside of Cochrane.

Landmark Homes opened the doors to the two new laned showhomes – Marquis 2 and Edson 2 – on July 6 impressing buyers with bright, open layouts that are ideal for relaxing with the family or entertaining.

“One of the really nice features in the Marquis 2 is when you walk into the foyer it’s open to above so you get this sense of spaciousness that you don’t normally see in a starter home,” says marketing co-ordinator Stuart Wen. He notes the 1,584-sq.-ft. two-storey showcases some eye-catching upgraded features such as hardwood floor, granite counters and tile floors in the bathroom “to give buyers a chance to see what they can do in the home.”

To the right of the entry is a flex room that can be used as an office, den or play room for the kids, and around the corner is a convenient half bath. The open concept design positions the dining nook across from the kitchen and the great room at the back of the house.

22

All our homes have spray foam insulation, tankless hot water, high energyefficient furnaces and Energy Star appliances, as well we address health and comfort with HRV (heat recovery) that acts as a filter to improve indoor air quality and triple pane windows that reduce outdoor noise and are more efficient.

The kitchen is the heart of the home highlighted by a large granite-topped island with eating bar, cabinets with crown moulding, a pantry, full-height tile backsplash with a mosaic accent tile and upgraded stainless steel appliances.

Wen says a cool feature in the Marquis 2 is the pocket door that closes off the laundry, mud room and rear entry from the rest of the main floor.

Upstairs, buyers will appreciate the spacious master bedroom with its threepiece ensuite and walk-in closet, and there are two generous bedrooms for the kids and a main full bathroom.

The home also features a welcoming front veranda, and there is an optional rear detached garage and rear deck.

The 1,413-sq.-ft. Edson 2 showhome “presents a different elevation with a high canopy over the front porch and two columns flanking the front entry for more of a Craftsman look,” he says. “When you walk into the Edson 2 you can see the whole main floor and the stairwell is open to above so you get that feeling of openness and more light. It also features our standard, high-value finishes so buyers can see what comes with the home.”

In the Edson 2, the dining room is at the front of the house with a central kitchen and great room at the rear. The kitchen offers an island with eating bar, pantry, appliance package and full-height tile backsplash. Across from it in a niche by the stairs is handy space for a desk or hall table.

Upstairs, are a generous master bedroom with three-piece ensuite and his and her closets, two good-sized secondary bedrooms, a main full bathroom and a laundry room with a built-in linen closet beside it.

“One thing about all of our designs is there is no wasted space,” Wen says. As well, all Landmark homes are Built Green Gold or better and have an EnerGuide Rating of 80 or more. “When you have a home with an 80 rating it’s 40 per cent more efficient than new homes built to code today, which is 72. So buyers benefit on energy costs.

“All our homes have spray foam insulation, tankless hot water, high energyefficient furnaces and Energy Star appli-

ances,” he says. “As well we address health and comfort with HRV (heat recovery) that acts as a filter to improve indoor air quality and triple pane windows that reduce outdoor noise and are more efficient.”

Landmark has eight different plans to choose from in Fireside including move-up homes with front attached garages. Lane homes start in the low $310,000s while move-up homes start in the $360,000s.

For more information on the various models by Landmark Homes in Fireside of Cochrane, visit the showhomes, open Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m. call 403.981.1810 or visit landmarkgroup.ca

jul 19 - aug 16, 2013 | New home Guide 23

askanexpert

Q&A

ASK AN EXPERT: by HEATHER RYAN

Ways to keep your home safe while on holidays Q: What can we do to safeguard our home while we’re on summer holidays?

A: “One of the most important things, and I do this when I go away, is to shut off the water to the house,” says Paul Savoie, safety officer for Shane Homes. “Once you turn it off, go in the kitchen and open the tap to relieve any pressure in the line.

“The reason you should shut off the water is because if something happened like a leak develops you could have a serious problem.”

If you’re heading out on a vacation, whether just for a few days or a few weeks, Savoie says, “make sure you have someone who can check your home; I usually have someone come by everyday.

“Many people don’t know this, but it’s also part of your home insurance policy that someone needs to check the home usually every two or three days while you’re away, to ensure everything is OK,” he says. “Have the person turn on different lights or if you have your lights on a timer change the timing so they turn on and off at different intervals to make it look like you’re home.”

The person checking your home can also pick up flyers, mow the lawn and even move the car if one is sitting in the

driveway – all to give the appearance to would-be thieves that someone is home.

Some other suggestions include turning down the heat on your hot water tank, unplugging small appliances, such as your toaster and microwave, and switching off power bars to your electronics to prevent any problems while you’re gone.

“Before you leave, make sure all the windows are closed and your windows and doors are locked,” he says. “You may also consider locking gates, especially if you have a pool or hot tub, and shutting off the power to your garage door opener to safeguard against someone getting in.”

If you have an alarm system, notify the security company about your vacation and who to contact while you’re away in case of an emergency.

Finally, Savoie says, don’t advertise that you’re on vacation on e-mails, Facebook or answering machines, as this information could get into the wrong hands.

Canada’s economic outlook closely tied to U.S. rebound

Canada’s economy is muddling

along this year, but a better performance is expected in 2014 in line with a revived U.S. economy, according to The Conference Board of Canada’s Canadian Outlook: Spring 2013.

Currently a softening housing market, downturn in commodity prices and ongoing government spending restraint is taking a bite out of Canada’s domestic economy.

“Overall, Canada’s domestic economy is not expected to muster enough strength to get growth in real gross domestic product above two per cent this year,” says Pedro Antunes, director of national and provincial forecast.

“Still, the stronger pace of U.S. growth expected in 2014 should help to lift spirits, resource prices, trade prospects and income here at home.”

Some highlights from the report: ›› The Canadian economy is expected to grow by just 1.8 per cent in 2013.

24 New home Guide | jul 19 - aug 16, 2013

›› In 2014, growth is expected to accelerate to 2.5 per cent, due to a strengthening U.S. economy in 2014. ›› Tightening of mortgage rules is having its intended effect of bringing the real estate market in for a soft landing – the national average price of a home is expected to fall by just 2.5 per cent this year and stay flat through 2014.

Despite lacklustre growth in 2012 and 2013, Canada’s economic situation needs to be viewed in perspective, especially when compared with other developed countries. Business investment surpassed its pre-recession peak in 2012, employment and real wages continue to trend upward, and the trade picture is improving.

The federal government’s tightening of mortgage rules is softening home sales activity and reducing new home construction. The slowdown in building should help rebalance the market and mute declines in real estate values.

Following two years of strong growth, resource sector investment is waning because of the swoon in many commodity prices.

Struggling to beat back deficits, the federal and most provincial governments have been in belt-tightening mode since 2011. Most governments cinched their belts even tighter in their latest budgets.

Overall, little growth is expected in the public sector until at least 2016.

insuranceneeds

IBC Information Centre offers advice in wake of

Alberta floods Emergency Management Agency disaster These are just some of the questions fielded by Insurance relief application. To speed up the disaster Bureau of Canada’s information officer, Frits Wortman, who assistance funding, the government does has handled hundreds of calls since the Alberta floods. not require the letter in advance of issuing The 50-year insurance veteran who is one of the insurance funds, but it will require it eventually. professionals staffing IBC’s Consumer Information He also advises consumers on how to Centre at 1.800.377.6378 says most callers ask about the proceed if they don’t agree with their process of both filing a claim and applying for government insurer’s decision to deny a claim. disaster relief.

“I tell them there’s a process to follow,” he Every insurance company that writes policies in Alberta says. Consumers should first contact the has extra staff – claims adjusters, customer service representatives, company claims manager, followed by the underwriters – working to help Albertans recover from the company liaison officer. Consumers can recent disaster. According to an IBC survey, some 5,000 also appeal to the General Insurance insurance company personnel have been deployed to work Ombudservice. Every insurer has an on Alberta claims in this disaster situation. ombudsman at the ready to review the Wortman explains that consumers must first make a concerns of customers. claim to their insurer whether they are covered for any Wortman has answered a range of damages. If they are not covered, the insurer will then issue complex insurance questions related to a letter of denial that consumers can use for their Alberta the floods. In particular, consumers have

“Am I covered?” “When can I start to rebuild?”

You have to feel for people.

It’s a bad situation. People tell us that just talking to somebody seems to have helped a great deal. had insurance questions related to condominiums, small business, non-profit organizations, secondary homes, rental properties.

Wortman’s approach is to listen carefully and empathetically, then offer whatever practical information and advice he can about the process for seeking help whether through an insurance claim or government disaster funds. “You have to feel for people.

It’s a bad situation. People tell us that just talking to somebody seems to have helped a great deal,” Wortman says.

jul 19 - aug 16, 2013 | New home Guide 25

60 ACRE BACKYARD Enjoy one of Airdrie's largest green spaces, with ponds and pathways out your back door.

An award winning community nestled around 60 acres of open green space.

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205813_Vesta_Ad_D5_NHBG_prd01.indd 1

2013-07-05 2:28 PM

›› AIRDRIECOMMUNITIES 01 BAYSIDE ESTATES

3

7

VETERANS BLVD

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

SHOWHOMES: Windsong Dr. DEVELOPER: Mattamy Homes BUILDERS: Mattamy Homes

03 REUNION

EAST LAKE

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

NOSE CREEK

04 KING’S HEIGHTS

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.

5

6 4

SHOWHOMES: Kings Height Blvd.

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

05 RAVENSWOOD

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

06 COOPERS CROSSING

8

SHOWHOMES: Cooper’s Drive, Cooperstown Court DEVELOPER: Westmark Holdings BUILDERS: McKee Homes, Trico Homes, Artigiano Developments, Canterra Custom Homes

07 WILLIAMSTOWN

SHOWHOMES: 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

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 27

28

DOCKET # HRE-368 | PUBLICATION New Home Guide | COMMUNITY Heron Pointe | AD SIZE 7.5" x 10.5" | VERSION 1

inthenews

Calgary home prices continue to rise in the second quarter The latest Royal LePage House Price Survey and Market Survey Forecast shows strong year-over-year price increases across all housing types surveyed in Calgary.

Detached bungalows increased by 5.9 per cent to $457,889, and condominiums also saw a healthy increase of 6.0 per cent, to $261,933. Standard two-storey homes realized the greatest gains, increasing by 6.7 per cent to $453,789.

“Inventory is low across all categories right now, and this is driving prices up,” says Ted Zaharko, broker and owner of Royal LePage Foothills. “When a listing comes up, there is a swarm of potential buyers, and multiple offers are common. Condominiums are profiting from the spillover effect – buyers who are having difficulty breaking into the tight bungalow market are moving to the condominium market, to the point where inventory is tightening there as well.”

When asked about the effects of the recent flooding on the housing market, Zaharko said, “We’re saddened by the recent events and wish a quick recovery to all those affected. From a market standpoint, while there may be some irregular activity in the short-term we do not foresee these events having a long-term impact on housing activity or prices in the Calgary area.”

Looking ahead, Royal LePage predicts continued significant increases in housing prices over the balance of 2013. “Prices are expected to rise another 6.5 per cent before the end of the year, while unit sales volume is likely to increase by approximately 3.3 per cent,” added Zaharko. “Unit sales would be greater if more inventory were available, but until additional inventory comes onto the market, growth in unit sales will be somewhat tempered.”

Looking ahead, Royal LePage predicts continued significant increases in housing prices over the balance of 2013.

Nationally, in the second quarter, standard two-storey homes and detached bungalows both showed a year-over-year average price increase of 2.7 per cent to $419,614 and $386,547, respectively.

Average prices for standard condominiums showed a more modest increase during the same period, rising 1.2 per cent to $248,750.

Royal LePage forecasts that house prices will see modest gains throughout the remainder of 2013, projecting a 3.0 per cent increase for the full year when compared to 2012.

Dialogue concerning the direction of Canada’s housing market has remained front and centre in recent months. Changes to Canada’s mortgage lending rules in mid-2012 coupled with concerns about consumer debt levels, housing affordability in cities such as Toronto and Vancouver and continued international economic uncertainty have prompted a number of analysts to forecast large downward price adjustments.

jul 19 - aug 16, 2013 | New home Guide 29

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31

a perfect place to

Grow

a perfect place to

Play

You’ll love what you can build in New Brighton. This vibrant, active community offers value-conscious home designs that will make the whole family feel right at home.

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52 Street SE

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Townhomes

$270,000s Mint

NEW BRIGHTON Hwy 22x

from the

Move Up Homes McKenzie Towne Blvd SE

$380,000s Shane | Cedarglen | Morrison

Showhomes open Monday — Thursday 2pm – 8pm

LiveBrookfield

Weekends & Holidays 12pm – 5pm

@live_brookfield

livenewbrighton.ca

32

CLIENT

Brookfield

APPROVALS

68 ST

14 ST

16 AVENUE

16 AVENUE

MEM OR

›› SOUTHEASTCOMMUNITIES 36 STREET

17 AVENUE

IVE DR

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02 COPPERFIELD

9 DERSON ROAD

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130 AV ENU E

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SPRUCE MEADOWS HWAY

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NE T LOR F O 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

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FISH CREEK PARK

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1 CRANSTON AVE. SE

04 WALDEN

05 MAHOGANY

IL

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

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

TR

A IL

17 AVENUE

SETON BLVD SE

4

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: Cardel Homes, 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 10

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, Cardel Homes, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Inspire by Jayman www.liveauburnbay.ca

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

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 33

showhomereview

Revel

Buyers adore Creations’

new showhomes in Legacy

by Heather Ryan

T

hree dynamic new showhomes are thrilling buyers visiting Creations by Shane Homes’ latest parade in south Calgary’s newest community of Legacy.

“These are top selling models in our other communities, so we’re excited to offer them in Legacy and we’re getting a tremendous response from people,” says area manager Candice Albo. “When we opened the doors to the showhomes a few weeks ago we had people lined up with deposit cheques because our showhomes have such great floorplans and sought after features.”

The showhomes are all two-storeys with open floorplans, second-floor laundry, front verandas and large owner’s suites with ensuites.

One of the showhomes, the Revel, offers 1,534 sq. ft. of space and is “our most popular model in Legacy because of its layout,” Albo says. “Our designers really knocked this one out of the park. After touring our showhomes, people tell me ‘we want that one.’ Everyone falls in love with it.

“They like the nine-ft. ceilings on the main, the five-ft. shower in the ensuite, the flow of the floorplan and that there are so many built-ins that are standard features,” Albo says.

The Revel’s entry presents an inviting space to greet guests with its dual 34 New home Guide | jul 19 - aug 16, 2013

front closets and two tall banks of windows flanking the front door and providing ample natural light.

Stepping into the living room the open design provides lots of room for entertaining while decorative niches on either side of the entry and a large TV niche add a touch of elegance. Three high windows and the blonde-toned hardwood floor create a bright atmosphere in the living room that offers an expansive space to relax and entertain, including room at the far end where you can add an IT centre without feeling crowded.

The Revel showcases the option for a deluxe kitchen that has an impressive oversized granite-topped island as its focal point that includes a flush eating bar and a raised end with built-in wine rack and lower cabinets that face the dining nook. Black granite

Revel

Revel

Black granite countertops and espresso-toned cabinetry are well matched by black and stainless steel appliances and all are a nice contrast to the white tile backsplash and light flooring.

Revel

countertops and espresso-toned cabinetry are well matched by black and stainless steel appliances and all are a nice contrast to the white tile backsplash and light flooring. The kitchen also has a large walk-in pantry and a substantial window over the sink, which lets in plenty of natural light.

Adjacent to the kitchen is a bright and spacious dining area, great for casual or formal meals. Across from the kitchen is a mudroom off the rear entry.

Before heading upstairs, you’ll discover a private half-bath conveniently located around the corner from the great room.

Upstairs, you’ll be pleased to discover a second-floor laundry at the top of

the stairs, two nice-sized secondary bedrooms and a main full bath. Owners will adore their owner’s suite that is large enough to accommodate a king-sized bed and showcases an optional ensuite extension that includes an over-sized walk-in shower with built-in seats and increases the size of the walk-in closet.

The other two showhomes are the Verve at 1,453 sq. ft. and the Galiano at 1,569 sq. ft.

The Verve is highlighted by a bright and open family room off the entry and a large central dining room. The wow factor is definitely the kitchen’s stunning, black and white style and stainless steel appliances that gives it a cool modern feel.

The wow factor in the Galiano is the two living areas on the main floor – a lifestyle room in the front of the home that can be used as a more formal space, and a family room in the back that allows for a more casual space.

You can visit these Creations by Shane Homes showhomes in Legacy, located at 1751, 1755 and 1759 Legacy Circle S.E., Monday to Thursday, 2 to 8 p.m., and weekends and holidays, noon to 5 p.m. For more information, call 403.536.2308 or visit creationsbyshane.com jul 19 - aug 16, 2013 | New home Guide 35

thehomebuyingprocess

Association announces new president

honours award winners and volunteers

by Donna Moore

Members of the Canadian Home Builders’ Association –

Calgary Region, who dedicate countless hours of their time to help the association achieve its goals, were recently honoured for their contributions.

As part of the CHBA – Calgary Region’s annual general meeting and dinner on June 12, the association also announced this year’s incoming president, while presenting its presidential awards and recognizing its volunteers. Awards were presented to those who have served from one year to 30-plus years on the numerous committees, sub-committees and the board of directors.

Volunteers are the backbone of the Canadian Home Builders’ Association – Calgary Region and over the past year, 213 volunteers from 126 companies dedicated their time and expertise to make the association stronger.

These member and partner volunteers contribute literally thousands of hours, working on solutions to difficult issues, creating new ways of raising the bar, planning opportunities for members to get together, representing our industry and taking our message to the municipal, provincial and federal governments. This work could not be accomplished without their contributions.

The association has recognized its volunteers since it began in 1946. Volunteers provide not only their leadership skills, but also their business savvy, industry experience, knowledge, creative talents and they play an integral part in helping the association realize its goals.

CHBA – Calgary Region volunteers represent all sectors of the homebuilding industry from developers and home builders to suppliers, trades and associated professionals.

Those volunteers recognized with 20-plus years of service to the association included: Stanley Lee, Mapeland Homes Ltd., 23 years; Ivan Juul-Hansen, Shelemey Insurance & Financial Planning Ltd., 24 years; Pat Mandryk, Dannburg Floor Coverings, 24 years; David Mow, Jayman Group of Companies, 25 years; Lyle Faas, Shane Homes Ltd., 30 years; R.J. (Bob) Nobes, Re/Max House of Real Estate, 31 years.

Mike Borkristl, president of Tricor Designs Ltd., is the longest-serving member with 35 years on the Student House Design committee, where scholarships are awarded to students from SAIT Polytechnic and high schools in the annual CHBA – Calgary Region competition that is part of the curriculum.

The outgoing president of the CHBA- Calgary Region, Charron Ungar from Homes by Avi (Urban) Inc., was honoured during the event and the association announced the incoming president as Doug Whitney from Crystal Creek Homes Inc. Ungar also presented the following Presidential Awards to members who had helped him over the past year: 36 New home Guide | jul 19 - aug 16, 2013

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

»» Rookie of the Year, given to a board member who made an outstanding contribution in first year on the board of directors, was given to Wendy Jabusch, Brookfield Homes. »» Rooftopper of the Year, recognizing the member who recruited the most new members in the term, went to Charron Ungar, Avi Urban. »» Maple Leaf Award, given to a non-builder member who showed dedication and outstanding service to the association, Carol Oxtoby, Heritage Pointe Properties Inc. »» Beaver Award, given to a builder member in recognition of dedication and outstanding service to the association, went to Doug Whitney, Crystal Creek Homes Inc. »» Bob Ward Memorial Award, given to a member who has provided services to the association of more than 20 years, went to David Litwiller, Litwiller Renovations and Custom Homes Ltd. »» Bill Beattie Memorial Award, given to a member company or individual to recognize exceptional dedication and human resource service to the association, went to Albi Homes Ltd. for contributions to the community at large. »» President’s Award, given to a member who has made the most outstanding contribution of achievement in the best interest of the CHBA – Calgary Region and its members, went to Myke Thomas, Calgary Sun. »» Distinguished Service Awards were given to Garth McDaniel, Astoria Renovations; Keith Kurcharski, Artistic Stairs; and John McCoy, Ultimate Renovations. »» Outgoing Director Awards went to Carol Oxtoby, Heritage Pointe Properties; Shane Wenzel, Shane Homes; Laura Parsons, BMO; Jim Stinson, Astoria Homes; Marion Murray, Hopewell Communities; and Blaine Wickerson, Prestige Railings & Stairs.

CHBA - Calgary Region

2012

showhomereview

Stampede Rotary Dream Home inspired by Frank Lloyd Wright

I

nspired by world-famous architect Frank Lloyd Wright, the 2013 Stampede Rotary Dream Home combined nature and contemporary design to spectacular results enticing thousands of people into buy tickets for a chance to win this magnificent home.

Despite massive flooding on the Stampede grounds, the Dream Home miraculously remained dry and was able to open without delay pleasing thousands of people who walked through the doors during the 10 days of Stampede.

Crafted for the 18th year by Homes by Avi, this year’s Stampede Rotary Dream Home paid homage to the fabulous homes created by Frank Lloyd Wright. “We went to a home show last year in Chicago and toured one of his homes,” says Julie Punter, showhome decorator manager for Homes by Avi. “We were inspired by the look and textures, the way he brings natural elements and light indoors and we wanted to have that in this year’s Dream Home design.”

One of the main highlights in the home was the solid walnut pieces that were placed throughout. The walnut came from tree found in the Southern U.S., was then kiln dried, cut and hand planed. Cracks in the surface were filled with metal and sanded to ensure a flat surface and the wood was finished with a high gloss resin.

Homes by Avi used the wood for several items – a dining room table, shelving in the kitchen and desk in the upstairs retreat – but the most stunning item was the extension on the quartz island where the wood created breakfast bar seating along two sides. The metal in the wood complemented 38 New home Guide | jul 19 - aug 16, 2013

the stainless steel appliances and chimney hood in the kitchen.

“We wanted to use natural elements to create a fresh feel so the walnut, quartz and the concrete backsplash add that,” Punter says. “Frank Lloyd Wright was all about bringing nature inside, his designs were ahead of his time and we wanted to have that nature and contemporary balance. We felt the design would appeal to a lot of Calgarians who love nature and the contemporary look.”

The balance was also seen in the great room, where the gas fireplace was centred in a contemporary bookcase design that had spotlights over shelves on the ends and was topped by a planter filled with greenery.

And you couldn’t get any more of a natural feel than in one of kids’ bedrooms where the design resembled a tree fort complete with a “tree” extending floor to ceiling and a leafpainted canopy.

Some other neat natural elements included the glass wall fountain by the dining room, a very cool log stool at the IT centre in the upstairs hallway and a decorative piece that resembled a hollowed out log tucked in the corner of the luxurious ensuite.

The home was also designed to provide residents with an opportunity to enjoy nature by providing outdoor space on both levels – the private upstairs balcony is visible and

The home was also designed to provide residents with an opportunity to enjoy nature by providing outdoor space on both levels – the private upstairs balcony is visible and accessible from the master bedroom and the main hall.

accessible from the master bedroom and the main hall.

Adding to the contemporary feel in the home was the suspended vanity, rain shower with body sprays and temperature control and free-standing deep soaker tub in the ensuite, the built-in wardrobe in the upstairs hallway, the built-in, wall-to-wall entertainment centre in the TV room on the main floor and the beverage centre in the upstairs loft/master bedroom retreat.

As well, Punter notes the Chevron pattern in the hardwood floor in the great room and in tiles in the bathroom was also inspired by Wright, “who has a lot of geometric shapes in his designs.

To find out who won the 2013 Stampede Rotary Dream Home, which has been moved to its permanent home in Chaparral Valley, visit calgarystampedelotteries.ca & homesbyavi.com/dreamhome

jul 19 - aug 16, 2013 | New home Guide 39

Old World Traditions TOWNHOMES FROM THE

$250s

LANED HOMES FROM THE

$350s

FRONT GARAGE HOMES FROM THE

$500s

MODERN LIVING

In the Old World, family is everything. That spirit lives on at Nolan Hill. Set amid the rolling hills of northwest Calgary, Nolan Hill recalls the craftsmanship and character of the British Isles – right down to the castle-ruin entry features. Spacious parks and playgrounds and miles of local and regional pathways offer a family friendly lifestyle. And with shopping, schools and recreation centres located conveniently nearby, Nolan Hill is truly the best of both worlds – old and new.

FOR MORE INFORMATION VISIT WWW.NOLANHILLUNITED.COM

DRAKE LANDING | FOREST CROWNE | NOLAN HILL | THE RANCH | SAGE HILL | SILVERADO 40

WWW.UNITEDCOMMUNITIES.COM

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NOTE: Map is just a graphic representation of areas of developments.

17 AVENUE

17 AVENUE

37 STREET

SARCEE TRAIL

69 STREET

01 PANORAMA HILLSproject for more details.

04 SAGE HILL See ad of a particular

10 Hanson Ranch

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

02 ROYAL OAK 05 NOLAN HILL:Showhomes now open 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, Homess, Arcuri Homes

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

10 SAGE MEADOWS

85 STREET

16

NOTE: Map is just a graphic representation of areas of developments.

See ad of a particular project for more details.

TR AIL

E DR IV

RAIL YT

11

CR OW

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

08 KINCORA

HILLS BLVD.

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07 TUSCANY HILLSIDE ESTATES

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28 Sherwood Blvd.

›› NORTHWESTCOMMUNITIES

Creations by Shane 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: Homes by Avi, Genesis Builders Group, Landmark Homes, Morrison Homes, Innovations by Jayman, Westview Builders, Stepper Custom Homes, Calbridge Homes, Excel Homes coming soon

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

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 41

insight

Implement

your landscape plan

by Brad Jackman

With the sun shining and trees

and plants blooming to life, landscaping may be at the forefront your mind. Landscape 360 would like to highlight a few ideas homeowners can contemplate before they begin the process. Hiring a Landscape Contractor should be exciting and satisfying.

However this can be a very discouraging time for some homeowners, unsure of where to begin, what you want it to look like and who to talk too. Here are a few tips to guide you through a satisfying landscape construction experience.

Have a plan. You can never call a company too early to plan for the following season’s project. Many Landscape companies

are limited in the number of jobs they can do in a season. Having a plan and beginning the process early can allow for your project to be started in your desired time frame.

Have a budget. It is important to understand that quality landscaping requires substantial investments of time and money. Thus having a budget and planning around that budget will be crucial. It is also not unusual for work to be split up over consecutive summers, easing some of the financial burden while creating your backyard paradise. Depending on what is required for labour, equipment and materials it may be more or less of an investment one season to the next. With that said it is sometimes more cost effective to do the whole project at once. Booking a consultation with a reputable landscaper will allow you to see if your budget is in line with your vision.

Hire a professional. Many homeowners underestimate the work associated with landscaping, or the knowledge required to produce a quality outdoor living space. Weekend warriors may be in for a surprise!

It is important to hire someone who has extensive experience in the Landscape 360. Professional Landscape Construction.

42 New home Guide | jul 19 - aug 16, 2013

industry, and is a full service landscape company. Find a landscape company that will complete the task from start to finish and handle any subcontracting required.

Know your options. When deciding which landscape company to hire, it’s beneficial to do your research. Ask to see their portfolio, view their website and look into some of the products yourself. Most importantly ask lots of questions. Landscape construction can be done very different. Hire a company who use quality equipment, utilize the best products available and have it installed professionally. Ask to speak with former clients who have had similar projects to the one you’re considering. Your options include patios, lighting, decks, walkways, garden beds, trees, plants and fences to irrigation, drainage solutions, boulders, retaining walls, water features, decorative concrete, outdoor cooking and fire pits. Clearly there are many choices and it pays to explore all your options carefully.

A stylish functional yard can create a vibrant feel to your home. Be the envy of the block and provide a sanctuary for your family, friends and pets. Landscaping improves your quality of life, increases the value of your home and adds a little personal flare to your home’s exterior. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect.

403.452.0360 | landscape360.ca |

like us on facebook jul 19 - aug 16, 2013 | New home Guide 43

insuranceneeds

Steps for homeowners to recover from the Alberta floods As the flood waters have receded in

many areas across Alberta, the long process of recovery begins. Experts estimate damages from the floods will total as much as $5 billion. The cost of these damages will be borne by: » Municipal, provincial and federal governments; » Insurance and reinsurance companies; and » Individual businesses and residents.

At this point, the proportion of damages each party will incur is unclear. Understandably, this is particularly unsettling for residents. What’s more, many people are struggling to understand what insurance policies cover.

This is because each class of insurance treats flood damage differently.

Protection against flood damage can be added to most commercial insurance policies purchased by businesses, condo corporations and farms. Similarly, protection against flood damage is typically included in the comprehensive coverage option available under most auto insurance policies.

On the other hand, flood damage is specifically excluded from most home insurance policies in Canada. Government assistance programs exist for homeowners and tenants suffering flood damage. It’s important to note that flood damage is distinct from water and sewer backup damage.

Most home insurance policies provide some form of protection against water and sewer backup damage. In some cases, you may need to specifically add, and pay for, this protection.

Protection against flood damage can be added to most commercial insurance policies purchased by businesses, condo corporations and farms.

Adding to the confusion for homeowners and tenants is the fact that seemingly similar home insurance coverages, like sewer backup protection, can differ by company. For example, some policies exclude loss or damage caused both directly and indirectly by flood. If your policy excludes damage caused indirectly by flood, then you may not be protected against sewer backup damage even if no flood waters entered your home. That’s because the sewer backup damage was indirectly caused by flood.

So, what should you do if you suffer flood damage?

The first step is to file a claim with your home insurance provider. You should do this even if you suspect your claim may not be covered based on what you’ve heard from others. As mentioned earlier, each insurance company offers different coverage. Even if both you and your neighbor are insured by the same company, your policy may be different. For example, you may have added sewer backup protection to your policy whereas your neighbor may not have. Your claim will be assessed based on your policy and situation.

Your next step should be to apply for assistance from the Alberta Disaster Recovery Program. For information on this Program, call 1.888.671.1111 or visit alberta.ca/ extremerainfall.cfm. You should apply for assistance even if you are waiting to learn if your home insurance claim is covered. If your claim is covered, your insurance company will assist you with the repair process.

If your claim is not covered, ask for a letter indicating so. This letter will assist you if you choose to escalate the matter. You may also need to submit this letter as part of your application to the Alberta Disaster Recovery Program. Then, begin your clean-up. Take notes and pictures of the damage to your home and property. Keep track of the hours you spend cleaning and the costs you incur. You will need to submit these to the Alberta Disaster Recovery Program.

The Alberta Disaster Recovery Program will assess your application. If your application is approved, the jul 19 - aug 16, 2013 | New home Guide 45

If your application is approved, the Program will cover the costs of returning essential property to its condition prior to the flood.

The agent (or broker) who sold you the policy.

Share your concerns and proposed remedies with the agent. Ask the agent to contact the insurance company and to appeal on your behalf. Also ask the agent to review your policy to make sure you’re properly covered.

The insurance company’s claims manager.

If your concerns are still not addressed, ask the handling adjuster to escalate the matter to the company’s claims manager, director or vice-president.

Again, request any explanations or responses be provided to you in writing.

The insurance company’s ombudsperson.

All insurance companies in Canada are required to have an ombudsperson. This person is responsible for reviewing and responding to complaints, not just those relating to claims. Before approaching the ombudsperson, make sure you first attempt to resolve the matter with the handling adjuster and claims manager.

The General Insurance OmbudService (GIO).

This organization provides consumers with a free, independent and impartial process to resolve auto, commercial and home insurance complaints. Before you can apply to the GIO for assistance, you must first attempt to resolve the matter with the insurance company’s ombudsperson.

Program will cover the costs of returning essential property The provincial insurance regulator. to its condition prior to the flood. If you are still unable The insurance industry in Canada is highly regulated.

As such, you have the option of filing an official to return to your home, you may be eligible for the precomplaint with the provincial insurance regulator. loaded debit cards being offered by the government. For As is the case with the GIO, the insurance regulator more information on these cards, call 1.888.671.1111 or will often require that you have exhausted all other visit alberta.ca/preloaded-debit-card.cfm options before they will review your complaint.

What if you have concerns with your home insurance In addition to the individuals and organizations claim or wish to escalate it? listed above, you can contact your local Better Business The insurance industry hasn’t always had the best reputation, but in recent years things have changed. Today, most Bureau to file a complaint. You can also take legal action companies try to find ways to cover (rather than deny) against your insurance company. Taking legal action claims based on policy terms. Nonetheless, disputes, should be your very last resort, as this will be your mistakes and misunderstandings do happen. most costly option.

If you have concerns with your home insurance claim or wish to escalate it, take a few minutes to write Vancouver-based Square One offers the only home down your concerns and what you believe should be insurance policy in Canada that can be personalized to done to resolve them. Then, contact the individuals or your unique needs. That means you only pay for the organizations listed below. protection you need. Square One is also one of the few The adjuster handling your claim. Share your providers to automatically include earthquake, sewer concerns and proposed remedies with the adjuster backup and broad water protection in its policies. For and ask for an explanation or a response. If you speak more information about Square One, or to get an online with the adjuster, follow-up your conversation with quote, visit squareoneinsurance.ca an email and ask the adjuster to do the same.

46 New home Guide | jul 19 - aug 16, 2013

›› 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

1

CALGARY

CHESTERMERE 797

22X

SHORES ON WESTMERE KINNIBURGH

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

22X HERITAGE POINTE

04 B UFFALO HILLS (coming soon)

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

2

BLACK DIAMOND

LAKEPOINTE

OKOTOKS

1 AV. N

RAILWAY AV.

1 AV. S

ULM ST.

McCANN ST.

CENTRE ST.

2 AV. S

2 HANSON DR.

02 H ANSON PARK

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

RAILWAY CR. RAILWAY AV.

HANSON HOLLOW

DOUGLAS AV. CRILLY CL.

2 AV. N

HANSON WAY

LAGDON ODDFELLOW HALL

3 ST. E

NEWTON ST.

2 AV. N

WENSTROM CR.

LANGDON PARK

WHITNEY ST.

COPELAND AV.

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

WELSHIMER CR.

RAILWAY AV.

MAIN STREET LAGDON VANDERVELDE PL.

COPELAND AV.

ANDERSON AV. WILSON RD.

BOTSFORD ST.

BARBER ST.

THOMAS ST.

LANGDON SCHOOL

HENDERSON RD.

HENDERSON CL.

HENDERSON BY.

LLOYD CR.

CENTRE ST.

BRANDER AV.

COWAN ST.

TRAIL

NESBITT AV.

MCDOUGALL ST.

BESSE AV.

1AV.

01 B OULDER CREEK

GLENMORE NESBITT CL.

MOE AV.

McKINNON ST.

LANGDON

797

HIGH TRAIL RIVER

COLWELL ST.

560

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

2A

WILSON RD.

22

RGE RD 27

543

ARBOGAST ST.

VALLEY

DEVELOPER: Melcor BUILDERS: Landmark Homes, Lifestyle Homes, Reid Built Homes DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

LANGDON

IDDIS

WESTMERE

STRATHMORE

3

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

1

LYALTA 03 T HE LAKES OF MUIRFIELD

SHOWHOMES: Muirfield Blvd.

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

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 47

VIEW OUR MAGAZINES ON ANY

DIGITAL DEVICE anytime, anywhere!

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

NEWHOMEGUIDE.CA

Published by

48 NEW HOME GUIDE | JUL 19 - AUG 16, 2013

OLD

16

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CENTRE STR

6

14 STREET

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›› SOUTHWESTCOMMUNITIES COACH ROAD

04 WESTPARK

SHOWHOMES: 80 Westpark Court SW DEVELOPER: Dundee Developments BUILDER: Homes by Avi, Greenboro Homes, Prominent Homes

05 SPRING VALLEY ESTATES

16 AVENUE

4 MEM

ORI

14 13

2

07 PASKAPOO IN COUGAR RIDGE

DEVELOPER: Apex Developments BUILDERS: Excel Homes and Shane Homes www.paskapooatcougarridge.com

BLACK FOOT TRAIL

ELBOW DRIVE

5

10

08 COULEE WAY ESTATES

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

GLENMORE RESERVOIR

09 CASTLE KEEP

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: Dundee Developments BUILDERS: Homes by Avi, Morrison Homes, Shane Homes, Calbridge Homes, Greenboro Homes

10 ELMONT BAY BOTTOM TR

24 STREET

ANDERSON ROAD

MCKEVITT

JAMES

SHAWNESSY BLVD.

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

MA

SHERIFF KING STREET

IL

TRA

S PRUCE MEADOWS HWAY

D

OA

CLE

ET

37 STRE

01 EVERGREEN

11 SEQUOIA IN SILVERADO

12 DRESSAGE IN SILVERADO

162 AVENUE

11 3 12

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

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

FISH CREEK PARK FISH CREEK BLVD

1

06 CRESTMONT

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

17 AVENUE

37 STREET

17 AVENUE

SARCEE TRAIL

16

69 STREET

14 AVENUE SW

85 STREET

15

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

BOW TRAIL

9

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

02 CURRIE 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

13 WESTLAND ESTATES

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

14 WENTWORTH ESTATES BUILDERS: Prominent Homes

15 WEST GROVE ESTATES

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

16 ASPENSHIRE

BUILDERS: Prominent Homes

03 SILVERADO

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, Creations by Shane Homes, Avi Concept, Shane Homes

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 49

inthenews

BMO Economics:

Canadian Home Prices Are Not Highly Overvalued A new report from BMO Economics

released recently challenged the notion that Canadian home prices are highly overvalued when compared to the price of renting a home.

Recently a report from the Organization for Economic Co-operation and Development (OECD) claimed that Canadian home prices are 64 per cent overvalued. This has fuelled more debate over Canadian house prices, with much attention focusing on ownership versus renting, and whether or not someone in today’s market should opt to rent instead of buy.

“We can confidently dispel the notion that Canadian home prices are egregiously overvalued versus rents, but they’re not cheap either,” says Robert Kavcic, senior economist, BMO Capital Markets. “ The report noted that on a national basis, ownership currently looks only moderately expensive versus renting. Using current market mortgage rates – around three per cent for a five-year fixed rate instead of posted rates – leaves valuations almost bang on their longrun norm.

50 New home Guide | jul 19 - aug 16, 2013

Gap in price between buying And renting gets smaller in Vancouver Kavcic noted that there are regional differences within the numbers: ›› On the west coast, Vancouver valuations have begun to compress from very elevated levels, though ownership still remains expensive versus renting. ›› In Calgary, both housing prices and rent prices are rising, so the gap is stable. Calgary’s market looks pricey, but well below levels seen at the height of the energy boom, and resurgent rent growth has helped offset recent price gains. ›› Toronto appears only slightly overvalued compared to historical norms, but not at all at prevailing three per cent mortgage rates. Notably, the city is miles away from the severe bubble conditions seen in the late 1980s.

To Rent or Buy? “The decision to rent or buy is a very personal one and is determined by a variety of factors that need to be carefully weighed before taking the next step – whether for the short or long term,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “A mortgage for some can be seen as a type of savings plan, particularly if they view their home as a financial nest egg for their retirement years, as many Canadians do.”

Parsons noted that those who choose renting over owning property should consider working closely with a Mortgage Specialist to build a more aggressive long term saving and investment plan, as they will not be able to rely on the value of a property to bolster their retirement savings down the road.

›› CALGARYREGIONSOUTH 1A

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

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

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

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 THE RANCH AT HERITAGE POINTE

DEVELOPER: Upper Lakes Group Inc. BUILDERS: Astoria Custom Homes

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 51

fundamentallyspeaking

IT’S NEVER TOO EARLY TO BEGIN YOUR

tax-planning IT’S MID JULY, WE’RE DEEP into summer and many Canadians are planning or heading off on vacation.

What better time of year to be thinking about... taxes?

Indeed, if “nothing is certain but death and taxes,” as several famous authors have waxed in various forms, Canadians have a curious way of preparing for the inevitable.

While the deadline for contributing to one’s Registered Retirement Savings Plan (RRSP) for the previous tax year is March 1, and for filing a return April 30, many Canadians take it right down to the wire – especially on the first point.

With the 2012 tax season now behind us and next year’s deadlines many months away, it may not seem like a great time to discuss tax planning. But it is.

As many experts suggest, the best tax planning should begin during the year – not at tax deadline time. But, like death, perhaps Canadians just don’t like to think about taxes, viewing them as an equally unsavoury topic.

How else would you explain that, looking at the bigger picture, we are seemingly even more short-sighted: personal finance and taxes are not subjects that are taught to any depth

52 NEW HOME GUIDE | JUL 19 - AUG 16, 2013

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

in our public education system. David Chilton lamented this fact in his 1989 best seller, The Wealthy Barber. More than 20 years later, the challenge still exists – for Canadians of every age.

CONSIDER, FOR EXAMPLE: » A recent CIBC poll conducted by Harris/Decima shows that many Canadians across a wide range of ages say they do not feel financially prepared for their retirement. » According to a new TD Retirement Realties Poll, too many Canadians procrastinate in saving for retirement; 15 per cent plan to save for retirement for only less than five years before leaving the workforce. More than two-thirds (69 per cent) of retirees say, in hindsight, they should have saved for retirement for 25 years or more » A recent BMO study found that more than a third (40 per cent) of Canadians are unclear on the differences between an RRSP and a taxfree savings account. » If, like many Canadians, you believe that you pay too much tax, then taxplanning, and thinking of ways to minimize tax, should be a year-round task.

SOME SUGGESTIONS, COURTESY OF A VARIETY OF SOURCES: Meet with a financial advisor to devise your strategy, including plans to buy a home, reduce debt and save for retirement.

Contribute to RRSPs regularly, even if smaller amounts throughout the year to avoid having to come up with a large lump sum at deadline time.

Manage and budget your spending, to better control where and how you spend and identify opportunities to save.

Remember that your finances are connected. Making progress on one aspect of your goals can lead to an opportunity to improve in others.

Taxes are indeed certain, so planning to minimize what you pay, while maximizing your assets and developing the discipline to do both, is a sound strategy.

PANORAMA ROAD

IN

GT

ON

TR

68 STREET

TR AI L T OO

DD

DE ER F

BE

TRA IL

AI

L

GAN NAP I

80 AVENUE

2

1

IE

BL

VD

32 AVENUE

14 STREET

.

64 AVENUE

MCKNIGHT BLVD.

68 STREET

UR

CENTRE STREET

LA

64 AVE.

FALCON RIDGE

SHA

CALGARY INTERNATIONAL AIRPORT NOSE HILL PARK

N

3

COUNTRY HILLS BLVD.

COUNTRY HILLS BLVD.

OH

4 52 STREET

HARVEST HILLS

METIS TRAIL

STONEY TRAIL

36 STREET

MONS VALLEY ROAD

›› NORTHEASTCOMMUNITIES

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

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

SHOWHOMES: 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

JUL 19 - AUG 16, 2013 | NEW HOME GUIDE 53

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.

Powered by

54 NEW HOME GUIDE | JUL 19 - AUG 16, 2013

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mortgagemogul

Mortgages 101

by JASON ELDRIDGE For most of us, buying a home is the single most important investment that we take on in our lives. While this often is and should be an exciting time, it can also be the most terrifying for a number of individuals. The reason – we are not as prepared as we could be. Unfortunately, for most, purchasing a home is only half the battle. Acquiring the necessary mortgage financing is the other half. Hopefully, this article will help put your mind at ease when the time comes for you to find that perfect home.

In my opinion, there are four major steps in the purchase of a home: 1) arranging mortgage financing, 2) working with a realtor to assist you with the search and negotiation of the purchase, 3) finding a lawyer to handle the legal aspects (registering the mortgage on title), and finally, contacting the utility companies (gas, water, electrical, telephone, cable and Internet) to have them provide you with these necessary or optional services.

Arranging a mortgage does not have to be difficult

The first and most important step to arranging mortgage financing, is to contact a mortgage broker and get pre-approved. This can be done any number of ways for your convenience. We can meet with you in person (either at your home, office or where ever you prefer) to discuss your application, or we can offer you a number of different channels (phone, fax, email or secure online applications), in order to obtain the information we need to send your application to one or more of the 50-plus lenders we work with. This process usually takes no more than 24 hours.

The benefit of being pre-approved is your interest rates are guaranteed for 120 days, so there is no rush for you to go out and put an offer on the first home you see. As

well, you know up front exactly what the maximum mortgage amount you are qualified for, as well as how much your principal and interest payment will be for that mortgage amount.

Now, being pre-approved for mortgage financing is great. However, pre-approvals are based only on the information provided by you to the lender via your mortgage broker, as well as your credit history, which is obtained primarily through a credit reporting agency, such as Equifax or Trans Union, with your authorization. Once you find a home you wish to buy, and the offer is accepted, you normally have only a few days to arrange “firm� financing and waive that condition. The fastest way to do this is to have the required documentation in place prior to putting in the offer.

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 jul 19 - aug 16, 2013 | New home Guide 55

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

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

01

05

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.

02

06

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.

03

07

Take the total price of the home and subtract the amount of money you expect to make as a down payment.

This is the money you will have to borrow.

04

Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice.

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

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.

homebuyers’help

Mortgage INterest rates VARIABLE

6 month

1 year

2 years

3 years

4 years

5 years

AGF Trust

-

4.650

3.040

3.200

3.240

3.340

3.490

ATB Financial

2.500

4.000

3.100

3.140

3.550

4.390

3.540

All mortgages are of two basic types:

Bank of Montreal

3.100

4.000

3.140

3.140

3.750

4.540

5.140

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

3.750

4.390

5.140

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.

Canadian Western Bank

3.200

4.000

3.140

3.140

3.750

4.540

5.140

Canadian Western Trust

3.200

4.000

3.140

3.140

3.750

4.540

5.140

First Calgary Financial

-

4.000

2.390

2.670

2.790

2.890

3.190

First National Financial

2.600

3.950

2.990

2.890

3.090

3.240

3.540

HSBC Bank Canada

3.100

4.450

3.600

3.950

4.450

4.990

5.240

ING Direct

2.750

-

3.000

3.000

2.999

3.090

3.390

Investors Group Trust

3.000

4.200

3.140

3.140

3.750

4.540

5.140

Laurentian Bank Canada

3.200

4.400

3.140

3.190

3.750

4.540

5.140

London Life

3.000

4.200

3.140

3.140

3.750

4.540

5.140

Manulife Bank

3.000

4.450

3.000

3.150

3.200

3.250

3.290

Manulife Trust

-

4.450

3.000

3.150

3.200

3.250

3.200

National Bank

3.200

4.400

3.140

3.140

3.750

4.540

5.140

-

4.500

3.100

3.350

3.550

3.850

3.950

President’s Choice Fin’l

3.000

6.040

3.140

3.150

3.290

3.490

3.690

Royal Bank of Canada

3.000

4.000

3.140

3.140

3.750

4.540

5.140

Servus Credit Union

-

4.000

3.100

3.140

3.750

4.390

5.140

Steinbach Credit Union

-

-

2.500

2.600

2.700

2.800

3.000

3.000

4.000

3.090

3.140

3.650

4.540

5.140

-

-

3.400

3.500

3.600

3.650

3.340

Mortgage Types

Peace Hills Trust

T-D Mortgage Your Neighbourhood C.U.

Prepared by CANNEX on July 15, 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.

58 New home Guide | jul 19 - aug 16, 2013

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 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.

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