Edmonton Builder & Developer Annual 2015 by NextHome

The stories behind Edmontonâ&#x20AC;&#x2122;s top builders, developers & new communities

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TA B L E O F CO N T E NT S

101

109

106

Special Features 08

EDITOR’S NOTE

FUNDAMENTALLY SPEAKING

3 big reasons to love Edmonton BY WAYNE KARL

INTERIORS BY DESIGN

100 women, 2,400 reasons to celebrate!

101 TRENDING

Demand for more mixed-use projects LYDIA MCNUTT

102 MORTGAGE ADVICE

108 IN THE NEWS

Edmonton the top city in Alberta for real estate investment BY WAYNE KARL

109 IN THE NEWS

Downtown Edmonton’s revival: Let the games begin BY SALINA YARA HALABI

110 HOMEBUYERS’ RESOURCE

Mortgage tips, and checklist when shopping for your new home or condo

Why you should pay attention to the Bank of Canada ALYSSA RICHARD

104 TRENDING

Canada’s hottest real estate markets? Two of them are in Alberta

106 AROUND THE HOUSE

Yard of dreams

BY SHANE’S LANDSCAPING & CONTRACTING LTD.

102

Builders, Developers and New Communities 10 Sterling Homes (Edmonton) Ltd. 13 Mattamy Homes 16 ReidBuilt Homes 19 Tamani Communities 22 Daytona Homes MASTER BUILDER 26 Regency Developments 29 Montorio Homes

52 Alldritt Land Corp. LP 55 Walton Development & Management LP

PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill

58 Christenson Developments

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

63 Qualico Communities

Josh Heppner

Susan Legge

66 Dream Development 69 Coventry Homes

DIRECTOR OF SALES, NATIONAL

SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri ART DIRECTOR

Victoria Cigan

72 Homexx Corp.

33 Brookfield Residential

75 Hopewell Residential & Sabal Homes

36 Jayman

78 TROIKA Developments

Shelley Balla

40 Ambleside

81 Rohit Communities

Nancy Chemait

41 Creekwood Chappelle

88 Beaverbrook Developments

780.619.3241

44 Landmark Homes 48 Griesbach-Canada Lands Corp.

ACCOUNT EXECUTIVES

587.784.4044

Jennifer Mizier 780.217.6778

91 Pompei Homes 98 White Eagle Homes EDITORS

Wayne Karl Lydia McNutt

110

SENIOR PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNERS

Greg Van Sluytman, Mihail Terentiev & Megan Pike FOR NATIONAL ADVERTISING INQUIRIES CALL:

416.626.4200

Published By

Edmonton’s Builder and Developer Annual is published once a year. PO Box 458 Station Main Edmonton, AB T5J 2K1 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. © 2014-2015 Wall2Wall Media

E D ITO R’S N OT E

WHY EDMONTON

IS AMONG THE BEST When real estate experts, economists and other observers of the Canadian housing market typically talk about the “hottest,” “biggest” and “best,” Edmonton rarely makes the conversation. Or, at best, it’s far down the list. Even RBC Economics, which produces an otherwise excellent and always well-publicized quarterly Housing Trends and Affordabilty Report, doesn’t include Edmonton in the commentary of “major city markets.” Homeowners, prospective buyers and those involved in the home building industry, however, know full well what an outstanding real estate market Edmonton represents. Indeed, this Rodney Dangerfield of Canadian housing deserves its due respect. In this 2015 edition of the Edmonton Builder & Developer Annual, we profile many communities and developments that absolutely qualify in discussions about what’s “hot” and “best.” Biggest? Who cares. Size doesn’t necessarily equate to quality, at least when it comes to real estate. Edmonton boasts a number of characteristics that other markets would love to have. These features, too, are discussed in the pages of the Annual. They include a strong economy yielding solid employment and wage growth, infrastructure improvements, increasing population, forward-thinking economic development and – importantly when it comes to housing – affordability. Edmonton may not experience the double-digit value appreciations seen in some other markets and property types, but housing here is affordable – among the most affordable in all of Canada. Not that it’s a slouch performer, either. Canada Mortgage and Housing Corp. forecasts average home prices will climb 4.4 per cent this year to about $360,000, another 3.1 per cent to $371,000 in 2015, and 5.6 per cent to $380,000 for 2016. Compare these prices to those typically quoted in Canada’s “hottest” and “biggest” markets, and you’ll understand why Edmontonians are quite happy with such growth, thank you very much. RBC and others should take note.

WAYNE KARL

Editor Wall2Wall Media Wayne.Karl@wall2wallmedia.com Follow me on Twitter at Twitter.com/WayneKarl

8 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

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STERLING HOMES is winding up this year on an

exhilarating high! Sterling Homes, as part of Qualico Group of companies, is elated to be the recipient of the 2014 CHBA-Alberta Awards of Excellence â&#x20AC;&#x201C; Multi-family Townhome or Duplex Under $300,000 and Finalist - Multi Family Builder of the Year. These awards celebrate excellence in new homes, innovation, technology and construction techniques, outstanding presentation, as well as, marketing activities across Canada. Sterling Homes has found themselves in the winnerâ&#x20AC;&#x2122;s circle many times over the last ten years. Success such as this does not come easily but with a strong work ethic, forward thinking and respect for the community. As a member of the Qualico Group, Sterling Homes has continued to follow and improve 10 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

upon the values of its founder. In 1950, Dr. David Freisen and his wife Katherine, began Qualico in Winnipeg with the building of a few houses - sixty years later this modest business has expanded across Western Canada and the United States. Qualico has offices in Winnipeg, Calgary, Vancouver, and of course, Edmonton. Sterling Homes (Edmonton) Ltd. has been a popular builder in Edmonton for more than twenty years by building homes not houses and creating some of the finest communities. In providing family friendly pricing and superior follow-up service on all their new homes Sterling receives a multitude of referrals from their clients. Satisfied clients, who not only refer but, in time buy again from Sterling and that speaks volumes.

Sterling’s primary goal has always been to be the very best at what they do, with genuine concern for their customer’s satisfaction with the finished product. Sterling Homes does not just treat their clients with respect and understanding, they treat their staff, suppliers and trades people with the same sincere consideration. In turn, these same people give their very best and it is this best that has made Sterling Home so sought after As a member of the Qualico Group, Sterling is able to continue to deliver excellent pricing through volume purchasing of materials, trades and land. Their membership in the Alberta New Home Warranty Program and Edmonton Home Builders Association is assurance to new home owners of Sterling’s commitment in protecting the client’s investment. Further, they “offer a ‘10 Year New Home Warranty’ backed with a completion guarantee”. Their “rating with New Home Warranty is in the “Excellent” category.” Miles Kohan, vice president of Sterling Homes, credits their success to the Qualico Group’s style of operation that gives the various housing divisions ‘autonomy’ in order to develop products that are suited to specific subdivisions and target markets rather than simply cookie cut. This autonomy is apparent in the 18 show homes currently operating throughout Edmonton, Stony Plain, Spruce Grove, and Fort Saskatchewan. Sterling Homes has four product lines, single family, duplexes, townhomes and RPLs. Duplexes targeted to first time home buyers and single family homes that are aimed at first buyers and second move up buyers including high end purchasers. Kohan stated recently that receiving the 2014 CHBA Alberta Awards Best Multi-family Townhome or Duplex Under $300,000 is particularly exciting as homes under $250,000 on a lot, plus GST equal a selling price of roughly $350,000. This is a popular price point for buyers and with Sterling’s winning plan it is a very positive position for all. Sterling Homes are built with solid craftsmanship and advanced technology to accommodate family living and busy lifestyles. By listening to potential clients Sterling realized the frustration many felt when viewing the beautifully appointed show homes. What was included and what was not? So, they rectified this concern quite simply by including the most common items clients like to upgrade. By including the upgrades into the base price Sterling is able to purchase them at a better value giving the consumer a greater net value. It takes a sincere understanding of people, listening and craftsman skills to create homes that keep generations of clients referring their family and friends. This sincere understanding goes beyond building great neighbourhoods EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 11

www.sterlingedmonton.com For Show Home locations and Hours Contact 780-461-8369 3203 – 93 St. Edmonton 2014 Awards of

EXCELLENCE in HOUSING 2014 – AWARDS EXCELLENCE IN HOUSING WINNER – Best Indoor/Outdoor ad – Smart Comes Standard FINALIST – Rookie of the Year – SF/MF – Warren Berg

for families, Sterling Homes continues the philanthropy of founder Dr. David Freisen with their involvement in supporting charitable organizations and initiatives such as Moving Out Hunger events and Habitat for Humanity. Vice President Miles Kohan had the honour of presenting the keys to a family for one such home during Habitat Day in the Capital Region, an experience he has found both rewarding and humbling. Both he and his wife are working to eliminate homelessness in Edmonton through the ’housing first’ approach. Involvement in these volunteer activities builds a strong community that benefits all by creating better neighbourhoods, better business and more importantly better quality living for all. Location, location, location! Colin Wilson, Sales and Marketing Manager, reminds people to find the area that works best for their lifestyle then choose a home. Consider what your family does daily and choose a neighbourhood that fits these activities. No matter how beautiful the home if it takes you away from things you love or adds to commuting time you will not be happy. Currently Sterling is pleased to have homes in many fine communities such as Allard, Ambleside South, Cy Becker, Langdale, Laurel Crossing, Manning Village, Newcastle, Orchards, Terrace at Schonsee, Sienna (Ft. Saskatchewan), Springate (Spruce Grove), Tamarack, Walker Lakes, and Westerra (Stony Plain). Whether this a client’s first home, luxury move up or a senior downsizing, Sterling has the home and community designed for maximum enjoyment - warm family atmospheres, convenient amenities, nature walking trails, landscaped park-like settings, beautiful storm lakes and so much more! These communities are rich in detail and value - an absolute ‘must see’ for your next Sterling Home! With more than 60 years’ experience, countless accolades and awards, competent and dependable with a reputation second to none, Sterling Homes continually strives to exceed customer satisfaction while providing lasting value and unparalleled excellence.

FINALIST – Sales Person/Team of the Year – MF – Brett Chartrand FINALIST – Leadership – Best Leader FINALIST – Best Multi Family Under $275,000 – Summation FINALIST – Best Multi Family Under $275,000 – Sensation FINALIST – Best Multi Family $300,00 to 330,00 – Sensation FINALIST – Best Sales & Information Centre SF – Tamarack Common FINALIST – Best Sales & Information Centre MF – The Terrace

at Schonsee WINNER – Best Design Centre/Show Room – Qualico Group –

Design Q FINALIST – Best Single Family Bungalow/Bi-level $350,000 to

$450,000 – Orlando Sales Volume Award - Platinum Level – Erik Eisen Sales Volume Award - Gold Level – Narda Arballo Sales Volume Award - Bronze Level – Brett Chartrand Sales Volume Award - Bronze Level – Vanja Lugonja Finalist – Builder of the year – Large Volume Finalist – Builder of the year – Multi Family

2014 ALBERTA AWARDS OF EXCELLENCE WINNER – Sensation – Under $300,000 – Westerra SH FINALIST – Multi Family Builder of the Year

ALLARD …………………………………… 780-756-2970 (SH) AMBLESIDE SOUTH ……………………… 587-524-8161 (SH) CY BECKER ……………………………… 780-901-4171 (CELL) LANGDALE ……………………………… 780-756-5649 (SH) LAUREL CROSSING ……………………… 780-760-1160 (SH) LAUREL CROSSING – DUPLEX ………… 780-756-9409 (SH) MANNING VILLAGE ……………………… 780-298-2374 (CELL) NEWCASTLE ……………………………… 780-757-9181 (SH) NEWCASTLE – DUPLEX ………………… 780-756-0739 (SH) ORCHARDS ……………………………… 780-757-5308 (SH) SCHONSEE – DUPLEX …………………… 587-524-2696 (SH) SIENNA, FT. SASKATCHEWAN …………… 780-997-0960 (SH) SPRINGATE, SPRUCE GROVE …………… 780-962-3212 (SH) TAMARACK COMMON …………………… 587-524-8806 (SH) WALKER LAKES STATION ……………… 780-756-0723 (SH) WESTERRA, STONY PLAIN ……………… 780-963-8905 (SH)

12 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

MAT

Practice Makes

Perfect

mattamyhomes.com

The Hickory Showhome, Coloniale Estates, Edmonton 13

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And... Mattamy Homes Has Had Lots And Lots Of Practice.

The Walnut Showhome, Coloniale Estates, Edmonton

attamy Homes, Canadaâ&#x20AC;&#x2122;s largest new homebuilder now has over 70,000 homes in hundreds of communities across North America. Through the years they have earned numerous awards for the quality of their home designs, the planning of their communities and the depth of their customer satisfaction. Most Mattamy communities are master-planned so the neighbourhood can include features that help enrich the lives of all who live there.

get to put the key in your door of your new home for the very first time. Since the very beginning, in 1978, Mattamy has believed in providing the best customer service available. The company has earned numerous awards for homeowner satisfaction with many of them based on comments from existing homeowners. And there is nothing better than a compliment from a happy homeowner.

Mattamy is also active in the communities on an ongoing Mattamy is well-established in The Greater Toronto basis with planned events all year long and they sponsor Area, Ottawa and throughout the United States in many local events and charitable programs. Phoenix, Minneapolis, Charlotte, Jacksonville and Orlando, and with new communities coming in They have also learned how to use space efficiently, Tucson and Tampa/Sarasota. how to provide a variety of styles so each street can have its own identity and the neighbourhoods have Down the road youâ&#x20AC;&#x2122;ll find 3 successful communities plenty of room for parks, playgrounds and walking/ in the Calgary area, and since July 2014 Mattamy biking trails. brought their 35 years of successful homebuilding experience to the Edmonton region with the opening When Mattamy builds your home, they make sure you of Coloniale Estates in Beaumont. Two master-planned are kept involved throughout the entire process so you communities are also scheduled to open in the near know exactly how your home is progressing through future to Sherwood Park and Southwest Edmonton. each step of the way. Even beyond the moment you

MATEDMONTON_1018445_NHG Annual_3FP_Mag.indd 2

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MAT

1:12 PM

Coloniale Estates Golf Course, Edmonton

Coloniale Estates In Beaumont. Distinctive Homes In A Golf Club Setting. There is something to enjoy about Coloniale Estates every day. It is the kind of place where neighbours become friends and kids have plenty of opportunity to run and play. This is an exclusive golf club community with favourable pricing that is hard to find in golf course communities. In Coloniale Estates you’ll find great park spaces where neighbours can gather and enjoy each other’s company, walking/biking trails for short after-dinner strolls or energetic bike rides. In winter those trails function as cross country skiing opportunities. There are 5 schools in and around Beaumont, serving elementary and high school students. There are superb recreational facilities all around and shopping at the Montalet Mall, The Edmonton International Airport and the Grey Nuns Hospital are 15 minutes away. The homes are all Detached Single Family Homes with 2-Car or 3-Car Tandem Garages, ranging in size from 1,480 Sq. Ft. to 2,681 Sq. Ft. Many of the exterior designs are unique to this community and reflect Mattamy’s ability to provide a variety of designs to make each street more interesting. Special features such as front porches also elevate the sense of friendliness in the community.

The Hickory Showhome, Coloniale Estates, Edmonton

You Can Be Here In Minutes And You Can Live Here Right Now. In Coloniale Estates, Mattamy has a selection of Quick Possession Homes ready for sale so you and your family can live here sooner rather than later. If golf course community living has been part of your vision of a dream home, then now is the time to come to Beaumont and visit the Coloniale Estates Sales Centre. You’ll find everything that you expected from a golf course community except for one thing: high prices. All Mattamy homes also come with two trees and fully sodded yards, so the neighourhood is green not brown. You’ll find that Mattamy builds homes that are worthy of your family memories.

The Walnut Showhome, Coloniale Estates, Edmonton

For information on all Mattamy communities, visit: mattamyhomes.com Sales Centre Hours: Monday to Thursday 2pm-8pm; Friday to Sunday and Holidays 12pm-5pm Sales Centre: 274 Reichert Drive, AB, Beaumont, T4X 0B9 Phone: 780-929-1111 Email: sls_beaumont@mattamycorp.com 15

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ReidBuilt Homes ReidBuilt Homes has been building homes in the Edmonton area for over 30 years, and with that comes expertise and wisdom in terms of what Edmontonians want in a home. “The key to our success is in our simplified building process, the variety of housing we offer, and our ability to build affordable, quality homes,” says Jeremy Main, ReidBuilt’s Sales and Marketing Manager. To date, in 2014, they’ve sold about 200 homes (at the time of printing) and about 10,000 homes since their inception in 1982.

16 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

“When you build with us, you get great customer service and great promotions like Home of the Month,” explains Mains. ReidBuilt picks one of the homes every month to be their Home of the Month, and offers all buyers of that home in any of their communities an amazing package – like a builder credit or basement development. In terms of customer service, to make sure you’re happy with the entire building process, they’ve put in place a Customer Care Coordinator who ensure that the building and move-in process is smooth and trouble-free. ReidBuilt Homes range from 1114 sq ft to 3286 sq ft, and they strive to build houses that are perfect for each and every individual buyer. Whether you are a first-time buyer, someone looking to purchase an estate home or anywhere in between, ReidBuilt makes your home your own. In fact, using their website, you can customize four of their homes’ shingles, siding, trim, doors and much more. Along with Home of the Month, the Customer Care Coordinator and the customizable tool on their website,

ReidBuilt clients can also take advantage of ReidBuilt’s innovation: the LaunchPad. It’s an online tool that allows clients to monitor the construction of their new home. LaunchPad provides weekly updates as each stage is completed and which are next in line. Once you’ve purchased a ReidBuilt Home, your representative will set up an account for you and send you your access information via email. Then you just simply log in to your account and watch your home being built. All ReidBuilt homes come with exceptional features, often cited as upgrades with other builders. All ReidBuilt kitchens have full-height tile backsplashes, granite countertops, crown moulding and pot lights. Bathrooms include 16” tile surrounds on tubs and showers, Moen faucets

and tile flooring. Main floors come with hardwood, tiled foyers and garage entrances (as per the home’s plan). Garages are insulated and furnaces are 95% high efficiency. You also get a complete security system with three years of monitoring, access to their experts in the Design Centre and a First Year Home Owners Insurance Policy through a partner company. ReidBuilt Homes is in many communities in the greater Edmonton area. Those communities include Creekwood Chappelle in southwest Edmonton, Newcastle in northwest Edmonton, Rosenthal in west Edmonton, The Palisades in northwest Edmonton, Riverside in St Albert, Jesperdale in Spruce Grove, Silverstone in Stony Plain, and The Lakes in Morinville. “In the coming year, we’re excited to start developing The Fairways in Stony Plain. It’s right by the recently renovated Stony Plain Golf Course,” says Main. The Fairways is located just 17km west of Edmonton and is a quiet and relaxed community that offers a lifestyle with something for everyone. Main adds,” In 2015, we’re also developing land in the community of Edgemont, south of Rosenthal.” Edgemont is just steps away from Wedgewood Ravine and the North Saskatchewan River trail system. ReidBuilt will have a condo project and single family homes in the area. ReidBuilt also continues to be a major force in residential real estate. Through Reid Land, it has developed more than a dozen residential communities in Edmonton, Calgary and Red Deer.

ReidBuilt has received numerous local and regional awards for quality and customer service, a testament to its legacy of home building excellence. To find out more about building with ReidBuilt Homes, visit www. reidbuilthomes.com or call 780.486.4666 or email us at sales@reidbuilthomes.com 18 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

A Vision of Home. All Stages. All Ages.

amani Communities has outdone themselves as the developer of Leduc’s premier community Southfork. Their vision of creating one of the “most desirable and exciting neighbourhoods in the country” is coming to fruition with architectural controlled homes surrounded by playgrounds, pocket parks, water features and beautiful landscaping… homes suited for all stages and all ages!

Leduc, a satellite city of 26,000, boasts small town charm with big city amenities and strong economic growth. Gone is the small town that had residents driving to Edmonton for basic needs and wants. Southfork Leduc is now the community of choice for young families! This incredible community is drawing families in from all areas of the surrounding areas with its well-planned design and multifaceted access. Southfork is number one in permits and sales as young families flock to stake their claim in a Southfork home. The Edmonton International Airport, just minutes away, is proving to be perfect for those who work up north or in the oil sands while choosing to keep their families in Southfork. Several companies fly their staff out from the International to Fort McMurray, Ft. St. John and other provinces. The Queen Elizabeth Highway runs parallel to Leduc connecting to Edmonton and the Anthony Henday ring road for quick access to Fort Saskatchewan, Sherwood Park and St. Albert. Or take the C-Line Commuter Service to and from Century Park LRT in Edmonton with stops in Nisku. Families have 12 schools, kindergarten to grade 12, to choose from in the much sought after Black Gold School District and a host of activities to educate and entertain every member regardless of age. A new K-12 school will be opening 2016-17 in Stage 8. The Leduc Recreation Centre contains aquatic facilities, indoor playground, child care and programs to fit everyone’s interests. Beyond the Centre are organizations for all manner of sports from archery, football, curling, skate board park, gymnastics, ice skating and much more. Grab your golf clubs, the course is just minutes from Southfork.

The McClab Centre for Performing Arts, seating for 460, hosts music and dance festivals, guest speakers and so much more. The art community has a full palette with theatre, painters, choirs, performing arts and pottery groups just to name a few. Check out the historical society, square dancing, communities in bloom, music festivals or whoop it up at the rodeo! Join boat club at Telford Lake - right in Leduc! Learn how to do boating of all types with lessons and rentals available.

Pack up the kids and picnic basket and wander over to the Southfork’s Super Park! Playground equipment includes swings, slides and other age appropriate structures to keep everyone in giggles and in shape. Dad will love the gas barbeques and covered patio. The sparkling water falls complement the vast areas of green grass and interconnecting pathways. A perfect park in a perfect neighbourhood…Southfork. Leduc has 68 km of multi-use interconnecting pathways that are maintained year round. These trails make Leduc one of the most ‘walkable’ communities – from neighbourhood to city centre and beyond.

The Leduc Community Hospital offers acute care, transition beds, general and specialized surgery, lab services, diagnostic imaging, rehabilitation, and a 24 hour emergency department. Sleep comfortably knowing Leduc protects its interests and each other with the Night Hawk Community Patrol, RCMP, Enforcement Services, and Crime Stoppers. An integrated fire service also delivers ambulance service, patient transport and the usual fire services. Optometrists, dentists, chiropractors, whatever you need Leduc has it.

design is only out done by the pricing. These front drive, street orientated colonial style town houses in the low 300’s are built by award winning Homes by Avi and Innovations by Jayman. Come to Stage 5 containing Semi-attached homes of beauty and quality that start at 320,000 with state of the art builders Homes by Avi, Innovations by Jayman, and Dolce Vita Homes’ “renaissance of building excellence”. These are builders who create beautiful functional spaces and with thoughtful aesthetics making each home uniquely yours. There are exciting opportunities for all with the family friendly pricing of Stage 6 new contracted lot design. “Although the lots are narrower, they allow for larger houses to be situated on them as the house sits on the property line on one side. These homes will be both front drive single detached homes and laned single detached homes.” Stage 6 show homes are now open.

Tamani Communities has thoughtfully planned each stage of this ‘Contemporary Heritage’ neighbourhood with homes to fit all stages and ages of life, from front attached in low 400’s, laned homes from low 300’s, semidetached low 300’s to multi-family low 300’s. New home buyers are thrilled to find these innovative homes in Southfork are considerably less in price than comparable ones in Edmonton. Tamani Communities home are built by multi award winners - Homes by Avi, Dolce Vita Homes, Innovations by Jayman and Jayman MasterBuilt.

Tamani Communities prides itself in providing consumers with a variety of choices nested with the knowledge that not only are they receiving what they want but they are living in a value based community built from the outside in with quality first and no detail left to chance.

Leduc Southfork is now THE community of choice for young families… Let that family be yours!

Rendering hopes into dreams, town homes are a must see for first time home buyers or those considering downsizing. The spacious, two story, open concept

G ranville

gets grande R

By Alldritt Land Corporation LP

ver the past five years, Granville has enjoyed a tremendous amount of success in each stage of development and there is no indication of this slowing down. In fact, recently released lots in Stages 8 and 10A are already almost sold out. With this incredible popularity, coupled with the release of their prestigious estate lots and new concrete and steel condominiums, it doesn’t take long to see why Granville is West Edmonton’s premiere neighbourhood. This charming Craftsman inspired community takes it up a notch with their new estate section, which will bring to the community its second enhanced water feature as well as a large park with mature trees and walking trails. “We wanted to create a community that has something for everyone. Residents can buy their first Granville home and then move up or down to a different housing product as their lifestyles change”, says David Benjestorf, Legal Counsel and General Manager of Alldritt Land Corporation. “More importantly, however, we wanted to create a community that would carry on Alldritt’s legacy of excellence, ingenuity, hard work and customer satisfaction.”

THE LEGACY AND INSPIRATION Stan Alldritt Sr’s vigorous work ethic, ingenuity and distaste for mediocrity continues to inspire the Alldritt Group to this day. The story of how the Alldritt Group began is not only interesting but also inspirational. Born in 1909 in a small town north of Dublin, Ireland, Stan Alldritt Sr. sought to stake his own claim in the new world. With a sense of adventure and a great work ethic instilled upon him by his family, Stan Sr. came to Canada in the early 1930’s. Upon arrival, Stan Sr. obtained a teaching degree from the University of Saskatchewan, followed thereafter by a degree in Geotechnical Engineering. He worked for many years in both fields, though as the 1930’s drew to a close, the possibility of war grew ever more real. The Canadian government sent out a decree seeking engineers to be trained to help with the war effort. Jumping at the opportunity to give back to his new found country, Stan Sr. was off to Ontario where he was trained as an Aircraft Engineer. Receiving top marks in his class, Stan Sr. was offered his choice of posts. After settling in Edmonton, Stan Sr. worked at the aircraft repair division

at the Edmonton Municipal Airport. Damaged aircraft would be sent in crates via ship from the warfront to Canada, and then via rail to Edmonton. Once repaired, the planes were then flown back to Europe to rejoin the war effort. Interestingly, the government would hold regular salvage auctions. At such auctions, Stan Sr. would purchase wooden crates that the aircraft parts came in, taking them home and stockpiling the nails and wood in his spare time. In addition, he would scrape the solder from the stainless steel boxes (used to ship aircraft engines) which were obtained from the same auction, selling the lead back to the government to manufacture bullets for the front lines. With victory abroad nearing, war related aircraft work began to dwindle and the Edmonton based aircraft engineers were encouraged to seek post war opportunities. Knowing that day would come, Stan Sr. had amassed a sizable stockpile of building materials. With that ingenuity, vision and resources, the present day Alldritt Group was born. Beginning with the homes at the NW corner of Stony Plain Road and 124 Street in 1943, and then the adjacent apartments (still standing to this day), the Alldritt Group began

providing quality homes in a timely manner to meet the housing shortage that followed WWII. Alldritt Group is still a family run business, currently being run by Stan Alldritt Jr. who carries on his fatherâ&#x20AC;&#x2122;s legacy of quality and ingenuity. Over the years, the Alldritt Group has developed or built thousands of residential units in Edmonton and its surrounding areas, which continues to this day, and has further amassed an equally impressive commercial portfolio, which grows with each passing year. With 70 years of experience and knowledge, the Alldritt Group has firmly planted its roots in Edmonton and Granville has now become a part of that legacy.

FEATURES OF GRANVILLE Granville has something for everyone. Home options in Granville include duplexes, single family homes and now refined estate properties. This year, Stafford Greens added a 4-storey concrete and steel condominium to the mix which is presently under construction. In addition to their four premiere single family home builders (Alldritt Homes, Bedrock Homes, Crimson Cove

Homes and Pacesetter Homes), five very distinguished builders were selected for the estate builder group (Infiniti Master Builder, Kanvi Homes, Kimberley CustomBuilt, Parkwood Master Builder, and San Rufo Homes). This exciting combination of 9 award winning builders ensures that all new-home buyers are able to find the perfect home to fit their personal tastes and lifestyle needs. Granville also offers its residents the convenience of a wide variety of amenities at its doorstep which gives homeowners the unique combination of a newly built home coupled with already existing infrastructure and services. These amenities include two recently opened new schools nearby (with another one coming) as well as a variety of recreational and professional service opportunities. In addition, a wide variety of existing retail services including two grocery anchored shopping centers and Edmonton’s 24

newest Costco are walking distance away. “With so much demand in the area, we are also constructing three new shopping centres in Granville to compliment all that already exists. One of which includes an 8 acre live, work and play site so resident’s will have everything at their fingertips,” says Benjestorf. Other Granville features include two beautifully manicured water features, an extensive trail system connecting to adjacent communities, enhanced landscaping and like amenities, and a centrally located 21 acre future school/park site, all designed to encourage an active lifestyle. Ideally located with easy access to the Whitemud and Anthony Henday, and adjacent to undeveloped reserve land, Granville has the benefit of quick City wide access without the negative impacts of noise, debris, power lines and traffic. With so many great features, it’s easy to see why life is so grand in Granville!

MAKING EDMONTON the PLACE TO LIVE DEVELOPMENTS

DEVELOPMENTS

very year, more and more people make Edmonton their home—and there is no secret handshake. We are a city plump with participators, doers, innovators and visionaries. It was a clear vision of condo living in Edmonton’s downtown and surrounding neighbourhoods that led Edmonton-based Regency Developments to become leaders in supporting infill communities in our thriving city. With 1500 brand new condominiums developed since 2008, Regency is just getting started. Years of dedication and creative architecture have contributed to Regency’s sold-out properties south of the river at Madison on Whyte and Serenity Gardens

26 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

and downtown at Quest Condominiums and High Street District Properties. Edgewater Village on Jasper has 276 units rented and construction of both towers is well underway changing the city skyline on the east side. Standing proud to the west, the iconic 36-storey Pearl Tower is the jewel of Regency’s portfolio. But it is the rooftop patios, proud foyers, inviting courtyards, and attention to community integrity that sets Regency Developments apart, giving great present and future appeal to living a fulfilling life in our city. Regency builds with the intention of transforming their buyers into neighbours and not just people who share an elevator. Their vision for growing Edmonton involves offering homebuyers a safe, quality

DEVELOPMENTS investment, as well as a chance to take advantage of existing infrastructure and join and contribute to established communities. However, the focus on infill developments comes with great responsibility. Regency listens to and invites conversation with the members of existing communities in which they build. They seek balance between city preservation and smart, insightful development to uphold Edmonton as a Major City and meet community expectations. The impressive Pearl Tower, now over 75% sold and within weeks of possessions, illustrates one example of successful community discussion; a public park is part of the private property to accommodate walkability in the area, feature local art and offer a gathering place that reflects the values of the Oliver community. Three exciting new Regency projects will be breaking ground in the coming months: two in Edmontonâ&#x20AC;&#x2122;s core

and another in the South will offer buyers impeccable living space choices. The first of the three projects is a 244-unit condominium at 121st Street and 105th Avenue, across the way from Regencyâ&#x20AC;&#x2122;s sold-out High Street District Properties. In the heart of the 124th Street community, development of the new concrete mid-rise complex, slated to commence November 2014, will feature modern-style architecture with a combination of six- and eight-storey structures. Buyers will have a choice of oneand two-bedroom units and a large central courtyard area to entertain friends and mingle with neighbours. The second concrete mid-rise development will also break ground in November 2014, just off 111th Street and Ellerslie Road. Densifying developments around major corridors makes sense for a growing city, as buyers can move into already established neighbourhoods where

DEVELOPMENTS

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 27

amenities are at their fingertips without the wait. At this southern gateway, the Ellerslie Road development will feature 105 units inside eight storeys with a roof-top patio, an attractive price point and a location with easy access to schools and major thoroughfares, including Anthony Henday and the LRT at Century Park. Every year, the downtown buzz reaches a new height. Increasingly, people venture to the core to work, find amazing meals, quality education, boutique fashion and a place to live. In 2014, plans for Roger’s Place and the Entertainment District, expansion of MacEwan University, addition of new culture and arts venues, and the ongoing facelift throughout the core have all contributed to its growing appeal. Regency’s third upcoming development will speak to the strong desire of many Edmontonians to live close to an increasingly vibrant community. The project will also continue Regency’s legacy of leaving a mark on Edmonton’s ever-changing skyline, which began with Pearl Tower, and will continue with this anticipated 40-storey, mixed-use development at Jasper Avenue and 113th Street. Regency hopes to break ground in 2015. With these three new developments, Regency continues to build a reputation through their actions and the living spaces they create. They are not only part of the City’s new development, but part of the ongoing

conversation in Edmonton about how to increase density and entrench lives in enriched, established communities, and change people’s perceptions about Edmonton’s future, not only as a place to live, but as the place to stay. To find out more about Regency’s latest developments and how to make your next home a Regency home, please connect with the Regency Developments team.

REGENCY DEVELOPMENTS O: 780.497.1700 www.regencydevelopments.ca facebook.com/regencydevelopments Twitter - @regencyedmonton

Highstreet Area: 121st and 105th Avenue. 244 Units in concrete mid-rise development

Ellerslie Area: Just off of 111th Street and Ellerslie Road. 105 Units in concrete 8 story mid-rise development Any stated sq. ft. may vary from actual sq. ft. as per registered condominium plan. Developer reserves the right to make modifications or changes to sizes, specifications, materials and features without notice. E & O. E. key plans & floor plans may not be entirely accurate as shown. All colours and illustrations are artist’s concept.

MONTORIO HOMES:

ADDING CLASSIC CHARM TO CONTEMPORARY CREATIONS BY SALINA YARA HALABI KNOWN FOR THEIR DISTINCTIVE STYLE AND CRAFTSMANSHIP, Montorio Homes has been offering clients a unique home building experience for over 20 years. The collaborative building process and dedication to offering homes that satisfy a variety of budgets and lifestyles sets Montorio apart from other builders in the industry. Customers are able to personalize their homes to reflect their needs and wants. Timeless Italian architecture is showcased in Montorio Homes â&#x20AC;&#x201C; beautiful masonry, tiles, and modern columns are just a few of the details this home builder offers.

Building a home with Montorio is unique in that customers are included throughout the entire home building process. Clients are included on framing and electrical home walk-throughs to ensure there are no unwanted surprises and that their expectations are met. This process also allows customers more input on their homes, down to the smallest details. An additional pre-possession finishing check confirms to customers that their Montorio homes are what they envisioned. The newest Montorio showhome is located in the stunning development of Trumpeter in Northwest Edmonton. The Martino home model is a true testament to the Montorio Homes’ product. This striking home is nothing short of a masterpiece, filled with beautiful details and incomparable workmanship. Situated just moments away from Anthony Henday Drive, the Yellowhead, and The Enjoy Centre, Trumpeter’s location is perfect for those who enjoy all the amenities of big city life in a more natural setting with access to walking trails and green spaces. Upon entering this two-storey home you will find yourself immersed in 2,375 sq. ft of luxury. A spacious foyer leads to a large den, accentuated with hardwood floors and double doors that add privacy while not compromising style. The open concept layout of the main floor is highlighted with 9’-1” ceilings,

neutral 12’X24’ tiles throughout the foyer, kitchen and nook, plus hardwood in the great room. Montorio kitchens are exceptionally designed, with this space showcasing striking design elements and upgraded Whirlpool kitchen appliances. Dark toned cabinetry offers an abundance of cabinet space and complements the white quartz countertops. A large walk-through pantry offers additional storage options, and convenient access from the home’s mudroom and garage. The focal point in the space is a large island with sink and extended eating bar; the island also offers a transitional separation of the open spaces leading to the great room and nook. The kitchen area is perfect for entertaining, with access to double doors leading to the back patio – an ideal space for get-togethers. Past the kitchen island’s extended eating bar lies the great room, complete with gas fireplace and stone surround on a faux-finished feature wall. An oversized window floods the area with natural light and further enhances the airy feeling of the home. The main floor of the Martino show home also features a half bath that is conveniently tucked away near the entrance from the double garage via the substantial mudroom. The mudroom in this home provides a plethora of space with its built-in cubbies with custom hanging and shelving space, plus an additional closet.

Modern railings frame the staircase to the second floor, where another spectacular faux finish wall sets off a large chandelier. A bonus room welcomes homeowners to the upper level and separates the master suite from two additional bedrooms. Both spacious and cozy, the bonus room provides enough space for multi-seating options as well as an entertainment unit, creating the perfect family retreat. Tucked to one side of the bonus room are two bedrooms, each with generous closet space and large windows. A full bath adjacent to the two bedrooms includes a full sized tub with shower and double sinks. A large laundry room sits across from the bedrooms, providing the convenience of an additional sink and extra cabinet space. The expansive master suite is located to the rear of the home, overlooking the back yard. The master suite features a large walk-in closet and raised seating area. The ensuite completes this impressive space with double sinks in the vanity, jetted tub with tile surround, and walk-in shower. Full of unique design details and thoughtful extras, Montorio ensures each of its homes offers something special for their customers. Montorio Homes has established itself as a leading home builder in the Edmonton area by offering clients well-designed floor plans that suit their needs, while ensuring delivery of a quality product. Founder, Vince Di Luigi, has built this company reputation since he expanded from masonry into homebuilding in the 1970s. Since Montorio Homes opened its doors in 1993, their Mediterranean flair and personalized approach to the customer home building experience has set them apart in the industry. Montorio Homes offers a variety of finishing packages and floor plans to begin the home building process with. Marketing Coordinator, Sandra Schrempp, explains that Montorio homes are unique because they are truly customer created. Montorio Homes’ dedication to providing clients with an unmatched home product is reflected in their commitment to community work. Montorio Homes has made both time and monetary donations to numerous community organizations and has been a proud supporter of the Stollery Children’s Hospital Foundation for many years; Montorio donates the profits from the sales of each of their special “Built With Bear Hands” projects to the Foundation. Montorio is also a proud tournament sponsor for the Capital Region Housing Foundation’s Hackers Fore Housing, the Frontline Celebrity Golf Classic, and the Evan Grykuliak Memorial Society youth soccer tournament. The future for Montorio Homes is symbolized in their signature light posts that flank the front walkways of their homes - timeless style on a bright path. As Sandra explains, Montorio Homes will “continue to focus on quality, steady growth, and maintaining a competitive foothold in the market”. To learn more about Montorio Homes, visit their website at montorio.ca. Explore the beautiful Martino model in person by visiting the Trumpeter showhome at 12908 - 207 Street NW, Monday to Thursday 3 to 8 pm or 12 to 5pm on Saturday & Sunday.

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THE ART OF HOME There’s a difference at Brookfield Residential that transforms streets into neighbourhoods, fields into backyards, and finished structures into the places we live. From the green space on the corner to the shops down the street, Brookfield’s holistic community design has made residents the centre of everything for over 56 years. Beyond just blueprints and engineering, it’s what we call the Art of Home.

DIVE IN Welcome to Edmonton’s only lakeside community. It’s all here: the bliss of lakeside living on your doorstep and the convenience of great shopping, amenities and urban life just around the corner. Residents can enjoy endless memories at the community beach club and its 32-acre lake all year long. Mix carefree swimming and sailing in the summer with rosy-cheeked sledding and skating in the winter at Lake Summerside.

BLAZE A TRAIL At The Orchards, true beauty is in the little things — like our solar powered, twinkling community entrance and the custom-made address plates on every home. Members of this community enjoy parks and walking paths along with the exclusive amenities of their private Residents’ Association, including a playground and a new outdoor skating rink.

PUT DOWN ROOTS Nestled next to the Whitemud Creek Ravine, this developing community features an urban village park with community gardens, tree-lined paths and a new outdoor skating rink at their exclusive Resident’s Association. With untouched nature and outstanding lifestyle amenities close by, Chappelle Gardens has everything you need in one inclusive community.

LiveBrookfield.com

THE PERFECT BLEND Paisley is an innovative community with a blend of home styles that appeal to both traditional and modern architectural tastes. With townhomes and duplexes seamlessly combined with single-family homes on quiet walkable streets, Paisley is the first community of its kind in Edmonton.

Hidden Gem of the Northeast Situated next to the 42 acre Schonsee Wetlands, The Terraceâ&#x20AC;&#x2122;s magnificent backdrop is the ideal setting for neighbourhood homes, family picnics, cycling, early morning runs and evening strolls. Featuring stunning duplexes and stylish front-garage homes, thereâ&#x20AC;&#x2122;s an option for every taste, lifestyle and budget.

SURROUND YOURSELF WITH NATURE Just north of the Wedgewood Creek ravine, Edgemont offers endless natural spaces and easy access to the essential amenities your family needs. Stroll with your loved ones through this community rich with pride and natural surroundings. Spend less time driving and more time relaxing in Edgemont.

Jayman F

or more than 30 years, Jayman has been helping Edmontonians build their dream homes. The seven-time Builder of the Year and recent winner of a Score-Up Award for Mortgage Brokerage of the Year prides itself on carrying on a tradition of innovation through everything it does. Jayman strives to offer the highest level of customer satisfaction in many ways, including integrity pricing, effectively communicating the process, integrating new technologies and understanding customers’ needs. The company’s Fit & Finish™ program provides the highest specifications in the industry, with choices and styles that allow homebuyers to personalize their homes at no extra cost. All of these things, and added services like Jayman Realty and a complimentary moving van, give Jayman customers confidence that they are making a great investment in a home. Jayman is committed to not only building Alberta’s best homes, but also the greenest. Many sustainable features come standard in Jayman’s single family homes. They also offer a series of options that have a payback of less than three

years and they walk the talk because they have a range of Plus Options delivered at cost, so customers can live a sustainable lifestyle at the most affordable price. As the founding member of BUILT GREEN™, Jayman also constructed the first BUILT GREEN™ home. Sustainable building has always been fundamental to their approach – and BUILT GREEN™ embodies Jayman’s long–time commitment to creating lasting communities. Jayman presents a large range of housing styles through its different home building divisions – Jayman MasterBUILT(move-up), Innovations by Jayman (starter home to mid-range) and Jayman Modus (multi-family) so customers can choose the home that suits their lifestyle and budget in various communities throughout Edmonton and in Sherwood Park and Leduc. Front attached garage homes are crafted by Jayman MasterBUILT ranging from 1,827 sq ft to 2584 sq ft and are being built in the communities of The Orchards, Allard, McConachie, Secord, The Terrace at Schonsee, Summerwood in Sherwood Park and in Southfork in Leduc.

Innovations by Jayman builds laned and semidetached homes ranging from 1174 sq ft to 1898 sq ft and are being built in the communities of Allard, McConachie, Secord, Summerside, Paisley and Southfork in Leduc. The Innovation line in Edmonton will be expanding to future communities in Southwest Edmonton in 2015. Innovations by Jayman is also building Townhomes in Southfork in Leduc. Each home has its own personality with architecturally enhanced exteriors. Distinctive 3 bedroom layouts with 2.5 baths and open concept, ranging from 1440-1466 sq ft. Jayman Modus offers more choice in Alberta than any other multi-family builder. The name Modus stands for how we do things and in the past 30 years we have learned that to improve the quality of our customers’ lives, it’s important that we build around your lifestyle and not the other way around. Choose from the largest combination of interior options, amenities, models, building styles, communities, price points and services. To learn more about our communities visit www. jayman.com/modus Careen Chrusch, Director of Marketing says Jayman’s five year plans outline three main goals; to become the pinnacle of customer service, obtain operational excellence and be the best place to work. GIVING BACK TO THE COMMUNITY We believe a home is only as good as the community it is built in,” Chrusch says. “That’s why Jayman is committed to being a good citizen, supporting the communities in which we operate and our employees live.” • Provincial Title Sponsor for the Mother’s Day Walk & Run • Provincial Sponsor – MS Walk • Hole Sponsor for the MS Drive for the Cure Golf Tournament • Game Sponsor - Edmonton Eskimos • Major partners with the Edmonton Rush Lacrosse Team • Hitting Hard for MS with the Edmonton Oilers • Arthritis Society Sponsorship • Hole Sponsor 7th Annual Kelly Lamrock Memorial Golf Tournament • Rise Up House (Leduc Home for Family Violence) sponsor • Edmonton Down Syndrome sponsor • Hockey Helps the Homeless • Leduc Annual Mayor’s Prayer Breakfast sponsor • Sponsorship of the 2014 National Philanthropy Day – Environment Sector.

WARRANTY AND AFFILIATIONS: Jayman is a member of the Canadian Home Builders Association – Edmonton Region and the Canadian Home Builders Association – Calgary Region. Jayman offers home buyers a two-year warranty and as a member of the Alberta New Home Warranty program, there is a five-year warranty on the structure. Jayman uses web based home information and maintenance system to augment their customer service program. Working with Vancouver-based CONASYS and using their Home Information Packages System, Jayman provides comprehensive post purchase particulars online to better assist their customers in operating and maintaining their new home. Operating manuals and warranty documentation for every product used in the construction of a home and creates a contact directory of all manufacturers, suppliers and installers is provided in a home specific on-line library allowing the homeowner instant web access to all this information. AWARDS: Jayman’s commitment to quality and excellence has led to an extensive list of awards including: • Winner of 8 Builder of the Year Awards for the Calgary SAM Awards • Winner of 7 Builder of the Year Awards for Edmonton Awards of Excellence in Housing and 2012 Small Volume Builder of the Year • Winner of a Score-Up Award for Mortgage Brokerage of the Year – Jayman Financial Other outstanding accolades over the years include: Top 50 Best Managed Companies – Platinum Member; Venture 100 – Alberta Venture Magazine and PricewaterhouseCoopers; J.D. Power & Associates 2nd place for Overall Customer Satisfaction two times; and Ernst & Young Entrepreneur of the Year Awards – Jay Westman, Prairie Region.

FOR MORE INFORMATION:

Showhomes: Jayman has 15 sets of showhomes in Edmonton & Area open for viewing. Showhome Hours: Monday – Thursday, 2-8 pm Weekends & Holidays, Noon – 5 pm Website: www.jayman.com

Your hardest decision is whether youâ&#x20AC;&#x2122;d like your street to start with

A or C.

Turn the page to make your choiceâ&#x20AC;Ś

Ambleside and Creekwood Chappelle both offer diverse homes in sought-after Southwest Edmonton. So how do you choose?

Designed with walking in mind, Ambleside is connected with tree-lined pathways to nearby amenities. Passing through the central park and by landscaped naturalized storm ponds, you’ll soon reach Currents of Windermere. Currents is Edmonton’s finest new shopping destination, featuring quality retailers, services, food, and entertainment. And if you ever need to go anywhere else, Ambleside has transit service and is right next to Anthony Henday Drive. Work-able, walk-able livability is an attitude reflected in everything Ambleside has to offer. If you’re looking for a life of ease, Ambleside is a convenient choice.

Make your choice at amblesidewindermere.ca

Nestled into the natural habitat surrounding the Whitemud Creek, Creekwood Chappelle has something for everyone. Vast wetlands, park spaces, and an extensive trail system invite families, friends, and neighbours to gather and enjoy the outdoors. Residents of Creekwood can grow along with this neighbourhoodâ&#x20AC;&#x2122;s natural setting, abundant with wildlife and the serenity of wetlands. A unique habitat in nature because of the biodiversity they attract, the wetlands provide endless opportunities to explore, observe, and learn about nature right in your neighbourhood. If you love getting outside, Creekwood Chappelle is a natural choice.

Make your choice at creekwoodchappelle.ca

42 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 43

THE LANDMARK ADVANTAGE: LEADING EDGE HOMES

by Salina Yara Halabi

The difference in a Landmark Home is more than meets the eye.

As a multi-award winning company that is deeply rooted in building strong and healthy communities across Alberta, their homes are not only visually appealing, but showcase quality and innovation that is unmatched by other home builders in the market. Landmark’s unwavering journey to use sustainable products and efficient building methods that benefit the customer is what distinguishes the company as a leader in the home building industry. The Landmark team’s dedication to build homes that are focused on the customer’s well being is the foundation of the company’s success. Landmark’s commitment to building quality homes stems from the values instilled by Founder and Chief Executive Officer, Reza Nasseri. In 1977, Reza founded Landmark with a promise to build better homes for families at the best price possible – something he and the Landmark team have focused on for over 37 years through Landmark’s Edmonton headquarters. The Landmark advantage has everything to do with the customer. “We believe everyone should have the opportunity to live in a healthy and sustainable home,” says Reza.

The Landmark advantage has everything to do with the customer. “We believe everyone should have the opportunity to live in a healthy and sustainable home,” says CEO Reza Nasseri.

There are several key factors that shape Landmark, including building homes that are unsurpassed in strength. Strong homes ensure the families living within them are safe, healthy and have peace of mind. Landmark is the only home builder in Edmonton to exclusively use engineered lumber within their homes, creating an overall more solid home product and eliminating squeaky floors. Another feature of strength in a Landmark Home is the use of spray foam insulation versus the traditional pink batt (fiberglass) insulation. The spray foam insulation is not only better for the environment, but it is also keeps homes warmer during the harsh winter months and cooler during the warmer days of summer.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 45

Building homes that are energy efficient is a main goal for Landmark Homes. A key feature of their highly efficient homes is the sustainable way in which they are built. Landmark Building Solutions (LBS) is a 100,000 sq.ft. (and expanding) facility that allows Landmark to basically build all of a home’s components in a climate controlled environment. Waste is reduced as “each piece of a home is perfectly pre-planned and cut to millimetre precision using amazing technology at Landmark’s cutting edge building facility.” These components are then transported to the home site and assembled in one day. The LBS facility is an innovative building solution that was the first of its kind in Canada. Landmark Homes also offers an array of energy efficient options, such as HRVs (Heat Recovery Ventilators), as a standard in every home. The City of Edmonton’s Green Home Guide says that HRVs recover 60-90% of the heat from stale air leaving your home and transfer it to the new incoming fresh air, so much less energy is required to get the fresh air to the perfect temperature inside your home. They also ensure the air in you home is always fresh and filtered.

“Each piece of a home is perfectly pre-planned and cut to millimetre precision using amazing technology at Landmark’s cutting edge building facility.” Landmark Home Owners also have the option to incorporate a solar power system into their home. With Alberta being the sunniest province in Canada, taking advantage of solar energy is something that Landmark firmly believes in – ultimately, helping reduce the use of non-renewable resources as well as saving home owners money on their energy bills. Landmark Homes are built to last. Quality is of utmost importance throughout the entire building process, and so is providing a healthy home for home owners. The Landmark team strives to ensure all building materials used within their homes are virtually free of any toxins. Landmark believes everyone deserves a healthy home, and wants every family to live in a home that truly supports their health. Landmark Homes looks forward to the opening of exciting new developments in early 2015. One new development, The Village at Walker Lakes, is described as “classic style blended with earthy innovation - the perfect place for professionals, downsizers and small

With Alberta being the sunniest province in Canada, taking advantage of solar energy is something that Landmark firmly believes in – ultimately, helping reduce the use of non-renewable resources as well as saving home owners money on their energy bills. families to stay current and enrich their lives with culture, while putting down strong healthy roots.” The Village at Walker Lakes offers both townhomes and apartment style condos in a prime South East Edmonton location close to amazing shopping, abundant restaurants, and myriad other amenities. It is the heart and hub of authentic community based living, as inspired by networks of villages that have evolved over many years in the UK - especially Scotland, where the name “Walker” originates. The development will

feature two exceptional townhome models, including walkout options onto the lake. The Village will also feature a central green space to meet your neighbours, picnic with your family or simply sit and soak up nature – as well as a lovely lake to stroll around on site, and proximity to other nearby lakes. A second new condo development - Savida - is in a prime location right beside the brand new Clareview Recreation Centre. Customers can look forward to exploring fun, fresh and beautiful new condos at an exciting price point for first time home buyers, and in an area that has incredible access to the LRT and myriad amenities. Sales are expected to begin early 2015 and the Landmark team is very excited about this fresh, vivid and lifestyle enhancing development!

LANDMARK HOMES builds condos, townhomes, duplexes and both detached and attached garage houses. They build in over 25 different areas of Edmonton, as well as in Calgary and Phoenix, Arizona. To learn more about Landmark Homes visit LandmarkHomes.ca or call 780-436-5959.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 47

Amazing city views from the summit in new 24 acre central park.

“Beautiful Architecture” Reasons to love “The Village” are as endless and compelling as the hundreds of families that now call it home. It begins with an ideal location just 12 minutes from downtown. This makes Village At Griesbach a favourite destination for professional couples, young and growing families, and active adults searching for a richer quality of life in mature surroundings. Homes feature many of yesterday’s most beloved architectural styles ensuring a timeless sense of character not found anywhere else. Craftsman, Prairie, Tudor, Queen Anne – these are some of the inspirations that define neighbourhood homes and create many of Edmonton’s most beautiful streets. 48

Plus, every home is complete with landscaping, a fences, a deck and a double garage so there’s virtually no work for you, just more free time to enjoy family, friends or doing things you really love.

Twice Voted Greater Edmonton’s

BEST COMMUNITY AT THE AWARDS OF EXCELLENCE.

“Great Lifestyle” Complementing the stylish architecture and streetscapes are an array of award winning lifestyle amenities. A focus of the community’s vision was preserving old growth trees, woodlands and urban forests. Many trees, over fifty years old, have been preserved in parks, public spaces or transplanted in yards to give “The Village” a mature character beyond its years. Four lakes, with shore side parks and walking paths, create vast open spaces for year round family fun, recreation and activities. They also provide spectacular views for homeowners and minimize congestion. A spectacular 24 acre central park opened this summer with a Jazz In The Park event enjoyed by over 600 people. This incredible lifestyle space, which rises 70’ to a summit, features oversized recreation areas and passive park development, picnic tables, dozens of public gardens (ready in spring 2015), a playground and a summit observation deck that provides stunning downtown vistas.

Add in a new k-9 school with playground and sports fields, a skating rink, lake side urban plaza and over 13 tribute areas or parks and whatever you love can easily be found in “The Village”.

Homes From The $200’s to $900’s “The Village” is Edmonton’s only new neighbourhood where busy families can get a complete NEW home for one lovable price. Classic home. Character architecture. Master craftsmanship. Select home sites. Double garage. Deck. Full landscaping. Fencing. Pretty much everything is completed for you, all at a one and done price, so you can relax and enjoy life with more money in your pocket and one easy monthly mortgage payment.

www.mygriesbach.ca

Also enquire about: Juno townhomes from the $260’s

(See website for more details)

View our community video online

Valour condos from the $200’s

DAYTONA GROUP

DRIVEN IN HOME BUILDING by Salina Yara Halabi

For over 20 years the Daytona Group has been dedicated to building welldesigned homes that are both affordable and attainable. Comprised of Daytona Homes Master Builder and Daytona Land Corporation, Daytonaâ&#x20AC;&#x2122;s success has been a result of their ability to transform land into amenity-rich, residential communities. Daytona Homes Master Builder has been building single and multifamily homes for families in the greater Edmonton area including, St. Albert, Sherwood Park and Stony Plain, as well as Grande Prairie, Lethbridge, Coaldale, Regina, and Saskatoon.

Daytona truly strives to make the home buying process efficient and hasslefree for their customers by offering a one-stop shop for homebuyers with the Decor Group Design Centre and an in-house lawyer - all conveniently located under one roof in its Edmonton head office. Making the home-buying process a fun, interactive and convenient experience for customers is Daytona’s goal with their online Home Buyer’s Centre. This unique home buying platform allows customers to select personal touches for their new home. An online catalogue includes hundreds of home finishing options – from cabinets and flooring, to faucets and basement development plans available for customers to explore. Clients can browse pictures, see pricing specific to the model they purchased, and save favourites in their own personal shopping cart from the comfort of their home. Appointments with the Decor Group Design Team are included with every home purchase. Plus, homebuyers receive a detailed one-on-one meeting in the design centre where design professionals help guide them through their interior colour selections. Coinciding with their wide variety of home styles to choose from is Daytona’s presence in numerous first-rate communities. Marketing Manager, Jamie Strynadka states, “with Daytona, customers have the option of choosing from 14 different communities in a number of areas around Edmonton, St. Albert, Sherwood Park, and Stony Plain. In addition, we offer an incredible selection of home models at different price points. From condos, to townhomes, duplexes, smaller single family laned homes and large move up homes, we really do have a home for everyone.” Several new showhomes are set to open in 2015 in a variety of exciting new developments. Daytona is particularly excited about a new community in Jenson Lakes, St. Albert. This exceptional development is set to feature Daytona’s first duplex showhome in the fall of 2015.

Daytona’s newest condo development, Renew in Rosenthal, is located in a prime west Edmonton community. Edmonton sales manager, Guy Bellis, is confident this development will appeal to a number of lifestyles, explaining that “these two storey townhomes have so much to offer. Front attached garages, high-end finishings, plenty of living space with over 1,400 sq.ft., the option of developing your basement down the road, low condo fees, and maintenance-free living in a sought after and amenity rich area of the city. The best part is the price – these homes are very affordable in the low $300’s.” This development is currently in its pre-selling phase and two showhomes are set to open in the Renew community in January 2015! Currently, Daytona is working to further enhance the customer experience through the implementation of a formal customer loyalty program. This program places focus on the involvement of the customer throughout the building process, allowing for an overall personalized experience and more effective communication. Guy explains, “this program is a large work in progress and we have identified some areas we feel we could improve on. Although we are not quite where

we want to be yet, we have a plan in place and are confident we will get there. As part of this, we are exploring new ways to enhance the home-buying experience and have taken steps to create a full transparency process to increase customer service and consistency across all centres to ensure the same level of quality and service.” He emphasizes that this program is focused on improving communication and involves the buyers to a greater degree throughout the process. “We meet with our homebuyers several times from the moment they step in the door to well after they take possession. We encourage them to visit their new home with their sales consultant during construction where they can see the home taking shape. This allows us to answer any questions and provide open communication throughout the entire process.” With multiple projects in the works and continued emphasis on customer care, Daytona’s continued success is no surprise. Their commitment to building quality homes and leading in industry standards proves evident in Daytona Group’s president Tally Hutchinson’s new role as President of the Canadian Home Builders’ Association - Alberta. Jamie adds, “We are always looking ahead at new products and innovative designs that appeal to our buyer demographic today and in the future. We recognize the market is constantly changing and the way consumers shop has changed and we must adapt our offerings and the ways we do business to remain successful. Our team is currently working on some exciting new projects that will hit the market in 2015 – stay tuned!”

GIVING BACK TO THE COMMUNITY The Daytona Group takes great pride in giving back to the community, and contributes significant funds and corporate time to organizations and programs such as: The Edmonton Down Syndrome Society, Autism Society of Edmonton, Habitat for Humanity, Winnifred Stewart Association & Joey’s Home, Kids with Cancer, Stollery Children’s Hospital, Prostate Cancer Foundation, Kev’s Kids (Grande Prairie), Lethbridge Backpack Program for Kids, Hope’s Home (Regina), Autism Services of Saskatoon, and many more.

AWARDS The Hutchinson family was recognized by the Alberta Business Family Institute at their signature event in Edmonton this past fall. This honourable recognition celebrates leaders in family businesses and a moment of reflection on their journey including struggles and successes along the way. Most recent awards include the Alberta Safety Award in 2014, the Grande Prairie Safety Award in 2013 and the Saskatoon Safety Award in 2012. In 2013, Daytona's founder, Ralph Hutchinson, was inducted into the CHBA - Alberta Hall of Fame, which is an incredible honour. Daytona won its third Edmonton Builder of the Year award in 2012, and some of Daytona’s other outstanding awards include the 2010 Ralph Scurfield Alberta Builder of the Year, Distinguished Builder Medallion 2009, and JD Power’s Highest in Customer Satisfaction Award for Edmonton to name a few.

WARRANTIES AND INDUSTRY MEMBERSHIPS Daytona Homes has long-standing memberships in both Alberta’s and Saskatchewan’s New Home Warranty Program, the Professional Home Builder’s Institute, local chapters of the Canadian Home Builders’ Association, and is a Built Green certified builder. For more information visit Daytona’s showhomes, open Monday to Thursday, 3-8p.m, and weekends and holidays, noon-5p.m. You can also learn more about Daytona Homes by visiting daytonahomes.ca or by checking out facebook.com/daytonamasterbuilder.

Daytona Group’s president Tally Hutchinson is the 2015 President of the Canadian Home Builders’ Association - Alberta.

Walton Development and Management L.P. (Walton) takes a long-term approach to land planning and development. Industry-leading expertise in real estate investment, land planning and development uniquely positions Walton to responsibly transition land into sustainable communities where people live, work and play. Its communities are comprehensively designed in collaboration with local residents for the benefit of all community stakeholders. Waltonâ&#x20AC;&#x2122;s goal is to build communities that will stand the test of time: hometowns for present and future generations. Walton is actively building five communities in Edmonton â&#x20AC;&#x201C; Hawks Ridge at Big Lake, McConachie, VITA at Crystallina Nera, Henley Heights at Secord and Woodhaven-Edgemont â&#x20AC;&#x201C; with another new community to open in 2016.

WALTON: COMMUNITIES WHERE PEOPLE LIVE, WORK AND PLAY

Hawks Ridge at Big Lake Located on the newly constructed 215 street in Edmonton’s desirable west end, Hawks Ridge presents a beautiful natural setting bordering Big Lake and the Lois Hole Provincial Park and the community is ideally situated close to major transportation routes, existing retail, commercial amenities and more. “With more than 100 acres of preserved land, Hawks Ridge is a nature lovers’ paradise while still closely connected with West Edmonton’s desirable amenities.” says Jill Curtis, marketing coordinator for Walton. “Boasting ponds, forests and walkways, the Central Area offers families a place to escape, grow and explore. A school site and extensive walkways ensure connectivity between homes and the natural amenities.” Buyers can choose from front-attached garage homes crafted by Montorio Homes, Morrison Homes, ReidBuilt Homes and Sabal Homes. Adding to the new home line up in 2015 are semidetached homes by Connect Homes, rear -laned homes by Sabal and semiestate homes by Augusta Fine Homes as well. Hawks Ridge has three front garage showhomes with more to open up in 2015. “We’re excited to bring on Stage 2 in 2015 – offering greater variety of home types and amenity lots; including several that back onto environmental 56 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

reserve, abutting greenspace and wooded areas, to many having views of Lois Hole Provincial Park and Big Lake,” Curtis says. The architectural style in the community is Mountain Vernacular, which presents an alpine look to the homes, as well as Arts and Crafts and a combination of styles that encompass masonry and stone work to fit in with the natural setting. Two retail sites will provide those living in Hawks Ridge convenience only a short walk away, and residents are just a few minutes from the Yellowhead and Anthony Henday interchange allowing easy access to St. Albert and downtown Edmonton. hawksridge.ca

McConachie McConachie is a family-oriented community nestled within bustling northeast Edmonton. Careful planning right down to neighbourfriendly cul-de-sacs, back lanes and

solid community fencing give the homeowner pride in ownership. “McConachie is growing and keeps getting better,” Curtis says. A focus in the community is the 40 acres dedicated for a district recreational campus. The community offers 75 acres of green space, including 21 acres of natural area, Stage 5 welcomes two new parks for residents to enjoy in 2015. McConachie presents a variety of home styles including bungalow duplexes by Royal West Homes and condos by the Carlisle Group. Jayman MasterBUILT, Innovations by Jayman, Sabal Homes, Morrison Homes and Royal West Homes offer both laned and frontattached garage products. Stage 5 also includes semi-detached homes. The builders have 13 showhomes: 12 singlefamily and one multi-family. The community also presents eyecatching Arts and Crafts architectural styling featuring exteriors that boast individualized appearances with gables, porches and a variety of tasteful and relaxing colours. “McConachie is a community you can move into without waiting for the world to build around you,” Curtis says. It’s minutes from the Henday and recreation centres, has shopping across the street and already built park and pathways in the community to enjoy. mcconachie.ca

Woodhaven – Edgemont

VITA at Crystallina Nera

Henley Heights at Secord

Located in desirable west Edmonton, on 199 Street and 35 Avenue, just south of the Lessard Rd/Anthony Henday intersection, Woodhaven – Edgemont presents a beautiful natural setting and the perfect backdrop for families to slow down at the end of a busy day and connect with one another. Walton has preserved 63 acres of environmental reserve including Wedgewood Creek Ravine, which it borders, urban forests and tree stands in Woodhaven providing families plenty of outdoor space to enjoy moments together. The mature trees and natural spaces provide a feeling of a mature community with the newness people desire. In addition to the natural spaces, Walton is crafting 30 acres of parks, ponds and pathways connecting the natural splendor to the rest of the community. Four builders – Pacesetter Homes, Montorio Homes, Sabal Homes and Coventry Homes – are crafting frontattached garage homes providing discerning buyers their “forever home in once in a lifetime location,” Curtis says. There are eight showhomes open for viewing. Architectural styling throughout the community includes Tudor, Craftsman and Heritage creating an esthetically pleasing streetscape. With the Anthony Henday and the Whitemud close by, residents have a quick connection to the rest of the city, giving them more moments to spend with their families at the end of the day. Its prime location also allows for quick access nearby shopping areas and recreation facilities. woodhavenedgemont.com

Located in vibrant north Edmonton on 82 Street, just north of 167 Avenue, VITA at Crystallina Nera presents a fresh, modern community feel, while maintaining very attractive price points. “VITA is unique in the sense that it is one of Edmonton’s first masterplanned communities to offer a modern architectural style influenced by urban contemporary design,” Curtis says. “We offer three architectural styles – Modern, Prairie and Craftsman – and we’ve seen some fabulous elevations from our homebuilders, particularly in the modern styles. The modern exteriors have clean lines as well as an interesting use of stone, window shapes and roof pitches.” Three outstanding builders – Morrison Homes, Sabal Homes, and Homexx – are all crafting rear-laned homes, and Homexx is also building front-attached garage homes. Homes start in the low $300,000s and there are eight showhomes: six rear-laned and two front garage. There are many existing restaurants, recreational facilities, transit centres and shopping just a short drive away and residents can enjoy the natural areas and lakes nearby. The community also has easy access to Anthony Henday for ease of getting around the city. liveatvita.com

Henley Heights is located in the west Edmonton neighbourhood of Secord, just west of 215 street and south of Stony Plain Road. The community is built on the foundation of home-style values and connectivity, retained form an era of good neighbours who create a good neighbourhood. The community is minutes away from the Anthony Henday, Stony Plain Road and Whitemud Drive, and it’s close to the wide range of desirable west Edmonton shopping, restaurants, entertainment and recreation amenities. The community opens in early 2015, and has six showhomes of various styles and sizes to suit young couples to growing families. Architectural styles in Henley Heights include classic traditional, prairie, modern heritage and craftsman. Some of Edmonton’s best home builders are helping develop the community. Connect Homes is building semi-detached homes (duplexes) in the community, and Crimson Cove are building gorgeous rear-laned homes. Homes by AVI, Bedrock Homes and Connect Homes are crafting front attached garage homes. henleyheights.ca

Upcoming communities Walton is actively growing in the Edmonton market place. Its new north community within the Horse Hill area structure plan is set to open in 2016. For more information To learn more about Walton’s communities in Edmonton, visit the showhomes or check out www.walton.com. EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 57

CHRISTENSON

DEVELOPMENTS Building A Legacy Of Sustainable Communities

Building A Legacy Of Sustainable Communities Christenson Developments Ltd., An Edmonton-Based Company, Originated

More Than 30 Years Ago By Lloyd Christenson. Working with his son Greg, Lloyd’s dream of creating quality homes for real people has long since come to fruition. When Lloyd retired, Greg Christenson Developments Ltd., an Edmonton based company, originated more Christenson andago co-owner, Peter Dirksen tookWorking this leading developer multi-residential building than 30 years by Lloyd Christenson. with his sonand Greg, Lloyd’s dream of company quality to another level. for real people has long since come to fruition. When Lloyd creating homes retired, Greg Christenson and co-owner Peter Dirksen took this leading developer and –residential building company to another level.but fulfilled Lloyd’s dream beyond They developed multi a philosophy that not only ensured a successful company anyone’s expectations. The company philosophy is based on three pillars - financial, social, and environmental They developed a philosophy that not only ensured a successful company but fulfilled Lloyd’s dream responsibility. This foundation accounts for some of the most progressive communities in and around Edmonton. beyond anyone expectations. The company philosophy is based on three pillars - financial, social and Greg Christenson’s passion for building ‘right; and accounts focusing onfor thesome community resulted in awards for a number environmental responsibility. This foundation of thehad most progressive communities these projects including Rail Town, a modern downtown development, Creekside, the on sitethe of acommuformer inofand around Edmonton. Greg Christenson’s passionhousing for building “right” and focusing Gainers packing plant infor theaMill Creek area, and Centre in the Park, anRail urban village mixed usedowntown community. nity has meat resulted in awards number of these projects including Town, a modern housing development, Creekside, the at site of one a former Gainers plant Mill Creek area Christenson Developments has received least of these awardsmeat every packing year for the pastin10the years. and Centre in the Park, an urban village mixed use community. Christenson Developments has received at least one of these awards every year for the past 10 years. Greg believes in giving back to the community. Christenson Developments supports many local charities and encourages others to do the same. Butcommunity. it is not enough to donate toEquities charities,supports Christenson feelslocal a responsibility Greg believes in giving back to the Christenson many charities and to actively promote the aging population, on healthcare, youth issues and afeels needafor encourages otherssocial to doawareness the same.ofBut it is not enoughstrains to donate to charities, Christenson rerefocusing ontoprinciples, values andsocial social awareness responsibilityofinthe the aging collective communities. Gregon doesn’t just talkyouth about sponsibility actively promote population, strains healthcare, issues and needthe forwalk a refocus ontoprinciples, values and the collective com- for change; he awalks in striving create communities withsocial family responsibility values, healthy in environment, opportunity munities. Greg doesn’t just talk about change; he walks the walk striving to create communities with the aging and youth. family values, healthy environment, opportunity for the aging and youth. Centre in the Park demonstrates the aging in place concept. “The goal of these communities is susIn 2013, 88 new assisted living residences be added in two phases to the RoyalinOak project in sustainable Lacombe. This tainability”, Christenson stressed. “The will locations that we’re building these need to be project will consist moreoflife-lease space; asIt well, it will a much needed nursing staff. and it needs to beofpart a caringcondo community. needs to have integrate the agingincrease in placeinprinciple to The Royal is purposely located near the Canadian University College to facilitate integration of young and work reallyOak well.

The Name In Active Adult Living

Christenson Developments in and providold cultures, access to libraries,prides fitness itself centres theatres. ing people with a variety of choices; active adult “The goal of these communities is sustainability,” Christenson living, bungalows and estate condos. You also stressed. “The locations we’reto building thesewith in need get to choose to own,that to rent, life lease to be sustainable andand it needs to be partassisted of a sustainable both independent designated living community. It needs to integrate those elements to work services, such as meals and care are available in really any well.”Christenson community. These choices are also created with the knowledge that Christenson residents are not only receiving what they choose Christenson Developments prides itself in providing people with but they are living in a value based community a variety of choices: to own, to rent, to life first leaseand or Designated built from the outside in with quality no Assisted Living services. These choices are created with the detail left to chance. knowledge not only are Christenson clientswith receiving what These are that unique communities designed empty-nester homes or condos, and then option- built they want but they are living in a value-based community al assisted living full care all within from the outside in and with quality firstfacilities and no detail left to chance. the same community so people never need to These are unique communities designed with empty-nester move away from beloved family and friends as homes or condos, thenchange. optional assisted living Develand the full care their housing needs Christenson facilities all is within the same community so people never opments a passionate leader in developing sus-need to move away from beloved family and friends as their tainable communities and a top multi-residentialhousing builder with aChristenson reputation Developments second to none. needs change. is a passionate leader in developing sustainable communities and a top multiChristenson Developments focuses on the comresidential builder with a reputation second to none. plete community, not just the bricks and mortar of the building. Increasingly, more studies are Christenson Developments on the finished community, being released revealing focuses that a successful comnot just the bricks and mortar of a building. Increasingly, munity must contain green spaces and activities in order for people thrive. The “Landscape more studies are beingtoreleased revealing that a successful and Human Health” laboratory in the University community must contain green spaces in order for people to of Illinois, studies the relationship between green thrive. The ‘Landscape and Human Health’ laboratory, in the spaces and human health. Christenson CommuniUniversity of Illinois, studiesPrinciples” the relationship between green ties practices “Wellness which include spaces and human health. Their studies have produced exercise and social interaction to encourage ac- a staggering range of outcomes from nature deprivation, tive and healthy living to improve our residents’ These satisfaction and their overall of life. We disturbing outcomes range from quality earlier mortality for older promote a lifestyle of wellness a supportive enadults, increased physical ailments,inADD symptoms in children, PHOTOS LEFT TO RIGHT, TOP TO BOTTOM: DEVONSHIRE CAFE, GREG vironment for those who seek Independent living, CHRISTENSON, PETER DIRKSEN, GLASTONBURY INTERIOR as well as, affected cognitive and social functions. The positive Supportive living, or Assisted Living in a retireeffects of nature in cities even been ment community. As ahave resident, you demonstrated can expect to PHOTOS TOP TO BOTTOM: McCRAE ESTATES EXTERIOR, reduce bothand physical and verbal which aggression. With up to six GREG CHRISTENSON, PETER DIRKSEN, LACOMBE PARK INTERIOR programs opportunities go beyond hours day inand front of TVcare and computers, are not seniora care home to supportchildren and enrich an optimal life.most rudimentary aspects of nature. Those familiar with the who do not have the nature experience, even in a small way, By Christenson Developments designing commuwill not have the desire or the knowledge to protect today’s nities with green spaces, they are not just making environment “pretty parktomorrow. areas “with nice homes; rather they are creating a healthy habitat that is as imporBy Christenson designing communities with tant as properDevelopments diet and exercise. With proper landscaping, considerate integration of homes green spaces they are not just making ‘pretty park areas’ and retailhomes; development, is reduced, health with nice rather theycrime are creating a healthy habitat improved and general community well-being is that is as important as proper diet and exercise. With proper increased. The overall return is not only financial landscaping, considerate integration of homes andfor retail but in producing healthy minds and bodies development, tomorrow. crime is reduced, health improved and general

CDLhomes.com

“

Christenson Developments focuses on the complete community, not just the bricks and mortar of a building. Increasingly, more

”

studies are being released revealing that a successful community

must contain green spaces and activity spaces in order for people to thrive.

community well-being is increased. The overall return is not only financial but in producing healthy minds and bodies for tomorrow. Greg Christenson is very proud of his involvement with the Emerald Hills Urban Village which includes Christenson Developments luxurious Eton Park Villas. In a previous interview, Greg Christenson was quoted “The urban village goal is involvement to create an efficient and long term value municipal services and Greg Christenson is very proud of his with the Emerald Hills Urban Village,inwhich includes Christenson infrastructure investment. Community models can decentralize and lower costs better than current Development’s luxurious Eton Park Villas. In a previous interview Greg Christenson was quoted: “The project’s development patterns, reduce vehicle dependency and foster long term sustainable lifestyles. Homegoal is to demonstrate that demand-side approaches to municipal services and infrastructure result in smaller builders will seek to own energy efficient dwellings with low maintenance and alternative transportascalemethods and lower including costs than transit, current development patterns to and can foster sustainable lifestyles, to provide tion biking and walking protect thelong-term natural environment. homebuyers with dwellings built through energy-efficient, sustainable construction practices that minimize impact to Affordable family housing for workers has been communities the natural environment.” The pathways throughout thestrategically Emerald Hills included communityintomany recreational and retailthat ventures Christenson has developed. Pilot projects and strategic charitable investments with Habitat for reduce the need for vehicles, increase exercise, and encourage familiarity with neighbours. Humanity are examples of this priority. The many communities that Christenson has developed and been a part of creating will be an example for others to The Emerald Hills Urban Village concept focuses on four SUN (Sustainable Urban Neighbourhood) follow in the,inhopefully, near future. principles the creation of the community of humans and nature. Striving to achieve and maintain a relationship between nature and humans is the first principle. The second is to endeavour to reduce

The Name In Active Adult Living

PREVIOUS PAGE: DEVONSHIRE. PHOTOS TOP LEFT CLOCKWISE: GLASTONBURY INTERIOR, BEDFORD VILLAGE, CITADEL MEWS.

The Emerald Hills Urban Village concept focuses on four SuN (Sustainable Urban Neighbourhood) principles in the creation of the community of humans resources. and nature. The Striving to achieve and a relationship solutions between nature and dependencies on non-renewable third principle is maintain “…‘cradle-to-cradle’ and activities in design, manufacture, and consumption such that a substance produced by society does not humans is the first principle. The second is to endeavour to reduce dependencies on nonrenewable resources. The accumulate nature.” Lastly, thesolutions fourth principle is toin“work socialand solutions and activities third principle in is “…‘cradle-to-cradle’ and activities design,towards manufacture, consumption such that ato allow every person to meet basic needs and achieve their potential in life…” substance produced by society does not accumulate in nature.” Lastly, the fourth principle is to “work towards social solutions and activities to allow every person to meet basic needs and achieve their potential in life…” These principles work hand in hand with Christenson Development’s Mission Statement which concentrates on building lasting relationships, trust, respect, communication, accountability, networking, qualThese principles work hand in hand with Christenson Mission which concentrates on ity of life and above all, sustainability. These areDevelopment’s not just words... theyStatement are the foundation of a dream that began 30 years ago with a man and his son, Greg Christenson… Christenson Developments… building lasting relationships, trust, respect, communication, accountability, networking, quality of life and above all, proof that dreams of the future can come sustainability. These are not just words... they aretrue. the foundation of a dream that began 30 years ago with a man and his son, Greg Christenson… Christenson Developments… proof that dreams can come true.

For moreinformation information about Christenson Developments, For more about Christenson Developments, visit visit CDLhomes.com CDLhomes.com

CDLhomes.com

F U N DAM E N TAL LY S PEAK I N G

3 BIG REASONS TO LOVE EDMONTON

BY WAY N E K A R L

dmonton, your “City of Champions” moniker may be challenged these days, given the performance of your sports teams, but there are some very important reasons we love you. Let us count the ways.

1. YOUR ECONOMY “Money makes the world go round” isn’t just a catch-phrase or cabaret song, it’s daily life in Edmonton. The geographic centre of the economic powerhouse Alberta, Edmonton enjoys natural proximity to the booming oilsands in Fort McMurray to the north, and Calgary to the south. The city boasts one of the most diversified economies in Canada, as its riches extend beyond oil and gas and into manufacturing and a number of sub-sectors and technology industries. A strong economy begets employment growth, which begets wage growth, which begets population growth – all of which leads to housing demand and potential for homeownership and real estate investment. But don’t take our word for it. Here’s what John Rose, chief economist for the City of Edmonton, told the Edmonton Builder & Developer Annual: “Apart from the sheer growth in employment, the improvement in the quality of jobs in the Edmonton region has been an important factor in attracting people to the region. “Over the past several years, Edmonton’s employment growth has been concentrated in full-time jobs and relatively high paying sectors of the economy, such as manufacturing, construction and professional services. “Increased full-time employment boosts consumer confidence as well as incomes, which are both important factors in encouraging individuals to make major investments such as the purchase of a new home. “As well, with average incomes about 20 per cent above the national average and growing, Edmonton’s economy has very strong internal momentum, which will help to balance any external shocks such as shifts in global commodity prices.” 2. THE LOW COST OF HOUSING For those looking to buy a home in Edmonton, the city is one of the most affordable markets in the country. The latest Housing Trends and Affordability Report from RBC Economics Research, for example, indicates affordability improved for condominiums in the third quarter of 2014. Affordability in detached bungalows and standard two-storey homes deteriorated, but only slightly.

62 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

Canada Mortgage and Housing Corp. forecasts an average home price of $360,000 for 2014, up 4.4 per cent from 2013; and up 3.1 per cent to $371,000 in 2015, and 5.6 per cent to $380,000 for 2016. Compare these prices to corresponding figures for Calgary – $459,000, $472,000 and $483,000. On the rental side, those who own investment properties love the fact Edmonton’s employment and income growth continue to attract newcomers to the city. This increasing rental demand keeps vacancy rates low – 1.6 per cent for October 2014, 1.7 per cent for 2015 and 1.9 per cent in 2016 – and rents rising, but still affordable for renters. Says Rose: “From an investor’s perspective, another factor to bear in mind is the age profile of Edmonton’s population. Strong in-migration has boosted the number of individuals in the 18 to 35 year old cohort. These are people in their prime years for starting a career, establishing a new household and starting a family. “As a result, the city’s demographics are particularly favourable for growth in demand for multi-family and condominium style housing which first home buyers would be attracted to.” 3. INFRASTRUCTURE IMPROVEMENTS Infrastructure is about getting people around – by road, highways and transit – and having the services and facilities in place to help them live comfortably. Any city that’s growing and not also improving its infrastructure is in trouble. Edmonton is spending billions on new public spaces, schools, essential services and transportation to accommodate its growing population. Chief among them is the construction of the Anthony Henday Ring Road, due for completion in 2016, which will open up new potential residential neighbourhoods, especially in the Northeast. Spending on public transit, particularly new LRT lines, will similarly make living and getting around various part of the city easier for Edmontonians.

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 at Twitter.com/WayneKarl

EDMONTON FORT SASKATCHEWAN

MORINVILLE SPRU

STONY PLAIN

DEVON

It’s not just a spot on the map: it’s home. For over 60 years, Qualico Communities has been building neighbourhoods that bring families together. This vision has given life to countless communities in the greater Edmonton area, and has made Qualico Communities the largest developer in the region.

its projects through a different lens. Streets aren’t just traffic lanes, but also rinks for street hockey that require strong visibility. Trails don’t just connect green spaces, they are a family’s walk after dinner. Sidewalks are where training wheels come off for the first time, and urban forests are for spotting wild flowers and bringing leaves home.

“We stick to a simple formula: build communities where people want to live,” says Kirsten Warwick, Sales and Marketing Manager. “That means not just excellent location, but also excellent quality of life. Our employees live where we work, so we’re personally invested in each planning decision we make – whether it’s about green space, streetscapes, land use or anything else.” It’s clear Qualico looks at

Warwick puts it this way: “Qualico Communities are where lives are lived, families grow up and memories are made to last a lifetime. We’re humbled to have this special role in people’s lives, and we honour our responsibility.” With over six decades behind it, the company seesits long-term partnerships as one of its greatest strengths. Its relationships with employees and homebuilders are characterized by longevity anda shared commitment to delivering on promises. Working together, they have applied their expertise several neighbourhoods, including the 20 plus which currently exist in the capital region. With so much to choose from, there truly is a community for everyone from the trusted name of Qualico Communities. Two such communities are Edgemont Place and Glenridding Heights located in west Edmonton and featuring a mix of single family and duplex style homes. Situated just off the Anthony Henday, these neighbourhoods make commuting easy and efficient – allowing for less car time and more personal time. In popular Windermere in southwest Edmonton, Qualico Communities has developed Ambleside South and Langdale in Windermere.

PRUCE GROVE

HINTON

SHERWOOD PARK BEAUMONT

They feature beautiful lots next to parks, lakes and playgrounds – all close to restaurants, a movie theatre, large retail centre and recreation facilities. Close proximity to shopping, recreation and services is a common feature across Qualico Communities, and Tamarack Common and Laurel Crossing in southeast Edmonton are no different. Tamarack Common has a wide range of homes to suit various stages of life, while great schools, sports fields and nearby shops appeal to everyone. Young families and first-time buyers will be especially pleased with Laurel Crossing’s affordable pricing and modern comforts. In northeast Edmonton, Cy Becker boasts an ultra convenient location including close proximity to the LRT. Daily life is further enhanced by a nearby recreation centre, movie theatre, schools, shopping and restaurants. Closer to north lies Newcastle. With every amenity on its doorstep, Newcastle offers plenty of space where children can run, play and grow. Outside of Edmonton, but still within commuting distance, several fantastic developments offer big-city services at a slower, quieter pace of life. To the south lies Ruisseau in Beaumont. Enveloped by green space and ponds, an array of nearby recreation facilities attract families looking to plant roots in a friendly, close-knit town. Meadowview in Leduc is another family-focused community with an abundance of parks, lakes and schools. A variety of lot sizes among tree-lined streets offer easy access to roadways and highways. And in The Ravines of Devon, large lots back onto a ravine, giving unparalleled views of towering evergreens and undisturbed valleys. Beautiful gardens, outdoor swimming, skating and golf courses complement a variety of lifestyles.

ST. ALBERT

Turning west of the city, Qualico Communities has South Creek, Silverstone and Lake Westerra in the progressive town of Stony Plain. Natural beauty is the defining characteristic of these communities, which are surrounded by protected environmental reserves, creeks and parkland. In Spruce Grove, Hawthorne at Heather Glen and Springate at Spruce Ridge provide peace with a convenient location next to schools, shopping, restaurants and recreation centres. Moving east, Qualico Communities selected Fort Saskatchewan for its lovely river valley and schools. It has developed there Forest Ridge in WestPark and Sienna, family-friendly neighbourhoods known fora fun and relaxing way of life. Sherwood Park features SummerWood, a charming creekside community with fully landscaped parks, paved walking trails, playgrounds and more. Then, a little farther out, exists something truly unique. In Hinton, on the edge of Jasper National Park, lies Alpine Ridge in Terrace Heights. With breathtaking mountain views, Alpine Ridge is perfectly situated on the edge of Hinton’s only golf club amid the lush, forested foothills. “Qualico Communities are as diverse as the greater Edmonton region,” says Warwick. “We have deep roots in the area and understand what people are looking for. We seek to build a lasting legacy of vibrant, balanced communities that suit every lifestyle – communities everyone can call home.”

TO LEARN MORE ABOUT QUALICO COMMUNITIES' PROPERTIES, PLEASE VISIT QUALICOCOMMUNITIES.COM. 65

Welcome To DREAM’s Communities For over 30 years, Dream Development has created greater Edmonton’s finest family communities. From Strathcona Village and Willow Ridge in Sherwood Park, to Mill Creek Meadows, Meadowbrook Ravines, Tamarack, Laurel and Maple Crest in southeast Edmonton, Dream has a legacy of transforming land into exceptional family neighbourhoods. It’s our goal to continue developing communities with superior amenities and home styles to fit almost every budget. Dream Development is a division of Dream Unlimited Corp., one of Canada’s largest

real estate investment, development and management companies. Dream’s vision is to create value at all stages of the real estate cycle for customers, partners, employees, investors and the community at large. The company currently manages $13.4 billion worth of assets in Canada and Europe. Dream Development’s values will never change. We’re driven by passion and commitment to achieve a single vision - create better communities where people can live, work and play. This is Dream.

Green 66

A Natural Playground Perfectly nestled in southeast Edmonton, adjacent Whitemud Freeway and Anthony Henday Drive, Maple Crest offers 300+ acres of naturally resplendent living space. A magnificent 75 acre wetland park is the communityâ&#x20AC;&#x2122;s defining feature with its pristine waters, ambling trails, path system and subtle nesting islands. Year round it provides a tranquil solitude where active families can recreate, reconnect or just relax with nature. Complementing this vast natural playground are tree lined ravine trails that wind through mature woodlands, up a ridge and past stylish homes and neat yards. From stately walk out ravine or lake side dream homes to handsomely appointed attached garage homes for growing families, Maple Crest has a superb collection of todayâ&#x20AC;&#x2122;s most exquisite executive designs. T

There is also an excellent selection of value rich homes that include efficiently designed detached garage homes, duplexes and smart sized townhomes.

livemaplecrest.ca

View our community video online today!

Innovative Design + Old Fashioned Value. This innovative new community features some of the city’s most progressive neighbourhood design and a great location adjacent the brand new Meadows Recreation Centre. Laurel Green was created to harmonize superb family living inside and outside the home. A major water feature and park is the genesis of an integrated tree lined path system that meanders through the community connecting its many “pocket parks”, passive green spaces and various neighbourhoods. An oversized central park intersects many of the pathways and features picnic tables, recreation space and a playground. It serves as the ideal gathering place where people can socialize and enjoy time together. A great selection of affordable family homes ensures most budgets can be satisfied. Classically inspired detached garage single family designs, duplexes and townhomes start in the $400’s and $300’s respectively.

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Green A selection of larger attached garage homes will be available for growing families in 2015.

COVENTRY HOMES Edmontonians’ Choice

et’s face it. Buying a home is the biggest purchase you’ll most likely make. While it’s an exciting time, it’s also an emotional, stressful and passionate process. Coventry Homes, a family-owned Edmonton homebuilder founded by Henri Rodier in 1976, recognizes this. From helping you customize your home to giving you the best value for the price, Coventry strives to make it as seamless and as comfortable a process as possible. “We are an Edmonton-only builder and we are family owned and operated,” says Danielle Hilton, Marketing Manager at Coventry. “That means that we are 100% invested in this area and only this area. We understand this market, and we understand the people who choose us as their builder.” Hilton: “We truly do take onboard our customers’ feedback and adjust our plans and standard selections accordingly.” For example they’ve repeatedly had requests for the laundry to be upstairs in their duplexes. So in 2014, they redesigned all their duplexes to include a laundry upstairs. As proof of their understanding of the Edmonton market and customers, and their great customer service, in 2014, Coventry Homes won the Consumer Choice award in the home design category for the second year in a row. “We also won the Top Choice award, and the H.O.M.E. award for superior customer satisfaction. It’s always exciting to win awards, but what is exciting about these three awards is that they were all customer choice awards. They were all won because our customers chose us. That’s something special and something we are very proud of,” Hilton notes. Also to be proud of is their lineup of homes in 2015. “We have 11 new showhomes in the works for next year,” says Hilton. And while some are in subdivisions Coventry is already known in, “We are excited to be debuting showhomes in new subdivision: Secord by College Woods and Riverside in St. Albert.” They have also expanded their home offerings in some of the subdivisions they’re currently building in. In Emerald Hills, Cy Becker and Ambleside 70

South, Coventry will be offering single-family as well as multi-family homes. Also big for Coventry in 2015 is a company-wide project the whole team is excited for. “We are currently in the middle of rebranding the company, and we’ll launch in 2015. We are taking 38 years of experience and customer service and moving it forward into a new era. We are extremely excited about sharing more details of this in the New Year.” For some perspective on that experience, Coventry Homes has built 3,690 homes over the past 38 years (262 in 2014). They’ve also been with Alberta New Home Warranty for 36 years. So with all that experience, when it comes to Edmonton homebuyers what has changed over the past 38 years? Hilton admits that the 2014 homebuyer is much more savvy. “We have very discerning buyers who are looking for quality over price point. They are much more educated on the products they like and want. We have responded to this by offering the largest selection of standard products in Edmonton.” That means their homebuyers do not have to upgrade their interior selections to have a great home. “We also have a very high standard in terms of the products we choose to build our houses with and the trades we use to build them.” Giving back to the community that has helped them succeed is a no-brainer for Coventry. “In 2015, we look forward to

continuing to work with and raise money for the Edmonton Humane Society through our annual Paws and Claws Gala—set for 17 April 2015. However this year, as a nod to them, we also included a Paw-fect Package as one of our Lifestyle Packages for our non-human family members.” For more detailed information about their homes for both human and non-human family members, and a list of showhomes visit www.coventry-homes.com or call 780-453-5100. EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 71

HOMEXX OPTIONIZING… A NEW WAY OF THINKING IN BUILDING HOMES

For more than 28 years Homexx Corporation has been dedicated to proudly serving Edmonton and surrounding areas with exceptional custom finished homes and superior service. This year is no exception! Never complacent with last years’ successes, they work non-stop as a team with their purchasers to understand and revise building processes to accommodate the ever changing needs and wants of their clients, fickle trends, and fluctuating economy. The locally owned and operated builder is dedicated to improving strategic initiatives. These initiatives are based on client reviews and surveys to consistently re-evaluate and “tweak” its building process, and communications. This ongoing process allows for all involved to experience open, reliable communication throughout the entire building process from the front line to the field and back to the purchaser. Homexx is committed to providing custom finished homes with a simplified building process that still allow options, choice and modifications. With that being said, Homexx creates…Optionizing…

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modern. This will hold true from duplex to detached garage homes to the attached garage home product lines. Homexx Corporation has proudly served Edmonton and surrounding area with outstanding craftsmanship and unparalleled service. With them, the urban oasis of your dreams and budget reality have never been easier to obtain or more exciting. Homexx continues to expand and improve your choices. Recent winner of the ’25 Year New Home Warranty Award’, known for crafting Homes of Excellence, Edmonton based Homexx Corporation, believes in offering its customers affordable luxury and quality. Having constructed hundreds of fine homes in its 28 year history, Homexx definitely knows how to please… “We are a homebuilder for any need, any budget, and anywhere.” says Delia Addessi, Homexx Controller. “We will build anywhere in Edmonton and surrounding area, including acreages, and on land that clients own themselves, such as city infill areas.” “We are able to offer homes that will appeal to first time homebuyers all the way up to the estate homebuyer. We often have multi-generation, repeat Homexx buyers who want something different, more personal and they come to us to get it.” “The move to provide more choice is to meet our customer’s demands. We need to be able to have a wider range so we can meet everyone’s needs and budget.”

In a recent interview, Christie (Smitty) Smith, sales manager was excited to share with clients what she calls ‘Optionizing’ their future homes. Working off of a basic plan, the client will have four levels full of choices they can add to create their own unique style in a semi-custom home. This quintessential ‘Optionizing’ will streamline the process for the home buyer by laying out combinations and choices of materials to complete their semicustom home in extraordinary fashion. This procedure will make it so much easier than to pour through books and stores seeking the perfect ideas, styles or products. From the Basic Pre-Packaged Plus decorating to four levels of options to create an original style, clients can have the perfect home suited to their specific lifestyle and budget. ‘Smitty’ is quick to add “optionizing gives a ton of options at an exceptional price and always great service.” This new format goes hand in hand with Homexx’ goal of creating beautiful, unique, quality homes with a firm stamp of old world craftsmanship with floor plans from traditional to ultra

Since Homexx is a semi custom builder, our customers can still optionize, and modify the entry level home just as they can an estate home.” Addessi says, “If they want to change several items they can but if they like the plan the way it is set out they can keep it as is. Homexx believes that, like people, no two homes should be alike. This is why each homebuyer has the control to create a home that truly reﬂects their individual personality. Coming soon Buyers will be given the opportunity to visit the new in house design and Dekor center to choose and personalize everything from the countertops to plumbing fixtures meeting with an in house professional interior designer. This will simplify the building equation to further meet the needs of our Buyers with the busiest of schedules yet still ensures that each home accurately reﬂects the homeowners’ individuality.” “Our major strength is our mill working company, where we manufacture all our original mouldings, mantels, railings and doors,” says CEO Ryan Ahlskog. Homexx, a locally-owned homebuilder has earned a reputation of delivering quality homes and providing a good balance between experience and individual attention. “We have always been known as a builder who pays a lot of attention to detail,” says Ahlskog. “A big part is being able to provide customers with the ability to make choices, as well as, dedicating ample time to each customer depending on their needs, and because of that, we have a lot of customers who are repeat buyers.” With a warm welcome and intuitive understanding, their process is simple– educate the buyer, help them create a complete vision of their finished home then build it.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 73

Just as Homexx pushes the envelope on design, they also push for strong, sustainable, and ecologically responsible company initiatives. They proudly present upgraded, above industry standards to their ‘standard specifications’ as the starting point for all of their builds, including custom finishing packages milled by local master craftsmen. Further, Homexx offers the convenience of well-designed, prepackaged upgrades to simplify the decision making process and make it easy for buyers to “optionize” their home while accommodating every budget. Coming soon, Homexx Corporation will present a ‘Built Green’ package as well. Clients using Homexx know their investment is safe with this respected, trustworthy, locally owned and operated company. Throughout the years, Homexx has won numerous Service And Marketing (SAM) awards including ‘Builder of the Year’ for three consecutive years. They have received awards for their creations since 1991 including the 2013 Customer Choice Award. Homexx is a member of Canadian Home Builders Association – Edmonton Region, 25+ year member of Alberta New Home Warranty Program, West Edmonton Business Association, and Better Business Bureau. Their dedication to the communities they serve is further emphasized by their sponsorships and donations to such organizations as the Stollery Children’s Hospital, S.P.C.A., Edmonton Soccer Association and more. Visit Homexx’s exquisite show homes, the latest in architecture, the finest in craftsmanship and without a doubt your finest investment.

Homexx … dedicated to craftsmanship, superior service and innovative ‘optionizing’ … All Built on a Solid Reputation! For additional Homexx information and show home locations call 780-489-3028 or email info@homexx.ca. Homexx 11103-182nd Street NW Edmonton, Alberta T5S 2R3

**Harvest Ridge – Single Family 147 Harvest Ridge Dr., 780-733-7922 Spruce Grove Model: Cedar **Harvest Ridge – Rear Parking Lane 109 Hewitt Circle, 780-733-7923 Spruce Grove Model: Escape **West Haven Park - Single Family 103 Kirpatrick Crescent 780-732-1312 Leduc Model: Maple **West Haven Park - Rear Parking Lane 105 Kirpatrick Bend 780-732-1310 Leduc Model: Escape *Vita at Crystallina Nera - Rear Parking Lane 7715 - 181 Ave. (2 showhomes) 780-733-7920 Model: Topaz/Escape *Vita at Crystallina Nera - Single Family 7663 - 181 Ave (2 showhomes) 780-733-7924 Model: Birch/Cedar SHOW HOME HOURS *Monday-Thursday: 2pm-8pm **Monday-Thursday: 3pm-8pm Weekends & Holidays: 12–5pm HOMEXX CORPORATION CORPORATE OFFICE 11103–182 Street. Edmonton, AB. 780.489.3028

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Community is king with

Troika Developments TROIKA DEVELOPMENTS is a progressive, future-focused land and real estate development company based in Kelowna, BC. The company was started 18 years ago by visionary, Renee Wasylyk, who saw community development as a fluid, evolving process that should and could be based on the unique needs of the residents of that specific community. They’ve grown one development at a time, and to date have 14 successful developments across BC, Alberta and Manitoba.

Developments. Wasylyk says that gone are the cookie-cutter neighbourhoods. “We pay enormous attention to esthetic.”

“As a company, we focus on innovation. We focus on how we can tweak things in real ways like energy conservation; kitchen layouts; the best use of materials to create beautiful and surprising homes that catch people’s attention; how we design streets and streetscapes,” exclaims Renee Wasylyk, CEO and President of Troika

“Homebuyers have become very savvy in the last five years. They have access to lots of information, and they do research and comparative shopping before they even step into your community,” says Wasylyk. “As homebuyers become more sophisticated, we update the kind of information we give them. People want to know what projects we’ve worked on, what your qualifications are, what your builders are all about…it’s more of a community approach.

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Troika is involved from start to finish in the creation of living spaces and communities, from the acquisition of under utilized land, construction, sales and marketing right through to property management. And their dedication to quality, integrity and change has rewarded them with an esteemed reputation among their peers and clients. In fact, their focus on innovation and esthetic was rewarded in 2014 with three Tommie Awards from the Canadian Home Builders Association for best home builder of the year, best multifamily builder of the year and community of the year.

“In fact, we have projects in Manitoba, BC and Alberta, and we look at each community separately—we really get to know the community before we start planning—and we find the area’s unique characteristics to move forward on design. “I think our reputation has to do with us taking a different approach to other developers. I look at a development as a woman. And I get infatuated with everything from picturing myself with a buggy and baby on a trike. How close is the park? Some may think we have too many trails in my communities, but I believe in connecting people in ways that don’t include cars. I really believe in ‘community’.” Troika’s first community in Edmonton, Stewart Greens, is currently underway. It’s located just next to the west-end’s Lewis Estates.

STEWART GREENS Stewart Greens is a 90-acre, active, green and sustainable master-planned community in Edmonton’s west end. Located at the end of Lewis Estates off Webber Greens— and bordering the Lewis Estates Golf Course—Stewart Greens features an interconnected trail and sidewalk system between the development’s copious urban waterscapes and ponds, urban village park, natural area, and green spaces. “Stewart Greens is an end-of-the-road neighbourhood, one that’s quiet but rich with amenities,” explains Wasylyk. With this development, “we’re really focused on the holistic family experience. We’ve tried to look at how families live today and evolve our plans—the community— accordingly. We’ve tried to provide amenities and connectivity within the community, and have a community close to transit without being intruded by it.” Along with transit, Stewart Greens is minutes from major transportation routes like Whitemud Drive, the Anthony Henday and Stony Plain Road, which means residents have easy access to downtown and the rest EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 79

Come see Stewart Greens today, and start planning for a happier life tomorrow

of the city. There are also loads of shopping and dining opportunities close by, never mind the myriad shopping, entertainment and dining options at the proximate West Edmonton Mall. Stewart Greens has a gamut of affordable housing options, featuring quality homes built exclusively by Edmonton’s finest builders: Daytona Homes, City Homes and Kirkland Homes. This master-planned community provides a diversity of

RENEE WASYLYK, CEO and President of Troika Developments 80

home options, with townhomes, laned and front-garage homes and multi-family homes. All told, the community will feature about 800 homes. Wasylyk: “With this project, we want to give families what they need today, so we have something for everyone: a product mix and amenities for everyone’s needs and price points. “Buyers, they’re buying more than bricks and mortar. They’re buying ethos and community, and that’s what we provide. In fact, one of our values and visions is focussed on the community benefit. We’re about to launch a toy drive at Stewart Greens. Not only are we collecting toys at our showhomes, but even people who can’t afford to buy gifts can participate. All they have to do is fill one of our passports with stamps from all our showhomes in the community, and Troika will donate a toy on their behalf.” Troika is also partnering with Little Warriors and the Be Brave Ranch. “It comes natural to us. We represent over 20 organizations and it’s just something we do with the communities we’re in. We believe in staying local and focusing on individual organizations in the communities we’re building.” To learn more about Stewart Greens and Troika’s other award-winning developments, visit stewartgreens.com and Troikadevelopments.com

ROHIT

group of companies

BUILDING COMMUNITIES TOGETHER Land | Commercial | Communities | Capital RohitGroup.com 81

BUILDING A REPUTATION Rohit Group of Companies has a 28 year reputation for building award winning homes and communities. The company has provided exceptionally built and designed homes, multi-family developments, and sustainable neighbourhoods predominantly in the Capital Region and Fort McMurray, with a footprint in other Western Canadian communities. From its modest beginnings, the family-based company initially entered the industry by specializing in building multi-family homes, today known as Rohit Communities. Over the years the company has expanded into the land development, commercial and capital financing sectors, ultimately leading Rohit Group of Companies to establish itself as a well-rounded real estate industry leader. Radhe Gupta, CEO of Rohit Group of Companies, attributes his success to the nurtured partnerships heâ&#x20AC;&#x2122;s maintained with his external stakeholders, as well as the contributions from his devoted and dynamic staff. Only a decade ago, Rohit Group of Companies employed just 20 people. Today, the company is experiencing exponential growth and has over 160 employees. In recognition of the companyâ&#x20AC;&#x2122;s earnings, reputation, and giving to the community, Radhe was presented with the Prairie Region Ernst & Young Entrepreneur of the Year Award in Real Estate and Construction for 2014.S

giving back

TO THE COMMUNITY

For Rohit Group of Companies giving back to the community is of great importance. Each year the company focuses on contributing significant funds and corporate time to organizations and programs that affect the communities they serve and individuals that call their neighborhoods home. A few of the organizations the company contributes to include: the Mental Health Foundation, Junior Achievement, Maier Centre for Autism, Sexual Assault Centre of Edmonton, Little Warriors, the WIN House and many more.

RohitGroup.com 82

EXCITING UPCOMING ROHIT PROJECTS With the addition of many new projects, Rohit Group of Companies is expected to experience exceptional years in 2015 and 2016. “It’s an exciting time, as we look forward to introducing several new projects in both our land development and commercial divisions,” says Russell Dauk, VP of Land Development and Commercial. “We have tailored our approach by selecting the locations and features of our developments with our end-user in mind. It is our intention to continue to evolve as industry demands change, and that means listening to what our consumers want and providing them with that exact product. It will be exciting to see how the community reacts.” The Rohit Commercial division is growing as the company prepares to bring on multiple projects in 2015. Rohit Commercial got its start in 2008 with the construction of Ellwood Office Park North and South and has steadily expanded to include industrial, office and retail spaces. Its most current project is a 60,000 square foot office and retail building on 91 Street and Anthony Henday Drive. Several more projects are in the planning stages as Rohit Commercial is expected to develop more office and retail in the near future. The Land Development division will bring on several new projects in 2015 and 2016, each neighborhood bringing a unique offering to the home buyer. This New Year brings a fresh perspective, as Rohit Land Development plans to expand its portfolio to include developments in every region of the City of Edmonton. Kinglet Gardens, in the Northwest corner of Edmonton, and Arbours of Keswick, a development in the Southside of Edmonton, are only a few of the upcoming projects that Rohit has underway. It’s with this new vision that Rohit Land Development announces that the company will develop its first piece of land in Sherwood Park, named Cambrian. With 310 acres of land, Rohit Land Development will provide a new community for the loyal Sherwood Parkite to call home. The thoughtfully planned community will be developed with the environment in mind, with bioswales and dark sky lighting as only some of the intended features. The introduction of Cambrian will offer options for every type of buyer, ranging from the first time buyer with townhomes, to an established buyer looking for a ravine side estate home. To learn more about Rohit Group of Companies and all their exciting current and upcoming projects as well as their community work visit their website at rohitgroup.com

TO SELL

STYLED WRITTEN BY: C. MARIE HEBSON

Tried and true tips and techniques to staging your next project. These are the processes I use to ensure that the end result is more than what our clients expect. One of the toughest schemes is cream on cream, as it can easily flat-line or look boring. The trick is to be sure you thoughtfully mix texture, pattern and tonal value to create interest. This multimillion dollar home in Wolf Willow was our latest project, and we start our styling process after all the large pieces of furniture were in place. We give you Luxury in Wolf Willow:

MOSAIC

PHOTOGRAPH EACH ROOM IN QUADRANTS. Establish key elements, and move in your big pieces – then photograph each quadrant of each room. Review your photographs, see which angles, corners really need special attention – the photograph will give you a clearer perspective. COLOUR HARMONY - weave your colour/texture throughout, not just in one room. In this home, it is all cream on cream with a mix of metals. We introduced gorgeous mother of pearl translucents, warm gold, black, crystal, to 709 heavenly blue (soft bluegreen). The subtle tones keeps it sophisticated, calming, serene and most importantly ensuring that our interior blends perfectly into the million dollar view.

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LESS IS MORE. Don’t over accessorize. Find the perfect item that fills that void (large planter, bookshelf, art or plant) rather than cluttering it with stuff. MORE IS MORE. Invest in key elements that bring up the value of all the accessories and perfectly fit the home’s style. We purchased high-end mirrors, crystal candle holders, and gold bowls from McElherans that do exactly what we needed them to do – make everything feel richer, more luxurious. FRESH FLOWERS PLEASE. I always use fresh flowers and professional designed arrangements. These were masterfully created by Jan / Megan of Callingwood Flowers – they are my go to girls for anything floral. I outline a creative brief to them, so they get excited about the project – and then let them do their thing. Client was so pleased with the fresh arrangements, she had them all replicated in silk. Shown in these photos are the fresh florals.

GOLD PILLOW

WHIMSEY FUR PILLOW

OTTOMAN

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 85

DINING TABLE

TAME THE CLUTTER. Knickknacks scattered around a room look like clutter and loose their importance, if you must show case a collection - group them purposefully.

GOLD TIFFANY BOX

ACCENT ACCESSORY COLOUR

TRY BEFORE YOU BUY. Especially for accessories. Create your vignette in the store to be sure you like how all the items are relating to one another in size, colour, texture, proportion and shape. REFLECT YOUR PERSONALITY. We all have a favorite style or design genre, be sure to add personal touches that tell us who you are, not just where you shop! Donâ&#x20AC;&#x2122;t be afraid to experiment, or add whimsy.

NIGHT STAND

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ADD TEXTURE. Very important in a soft tone on tone scheme. Shown here are classic tones and textures. Don’t mix your patterns or style genres too much – you have to understand basic principles of design to implement a sophisticated palette. Boundaries and mix of genres can be offputting if you push too far. This was a hurdle with this particular home as some of the wallpapers (chosen by the builder’s designer) did not pay attention to the style origins – this can cause confusion and make it feel disjointed and too eclectic, but we compensated on this flaw by keeping the accessories fresh and simple.

VANITY

ECO-FRIENDLY. Important to add plants for that very important connection to nature, real plants also naturally improve indoor air quality. Always look to nature for your inspiration and connect outdoors to indoors no matter how sophisticated or down to earth your design scheme is.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 87

Communities

GREENBURY Spruce Grove

Beaverbrook Communities is committed to offering you flourishing and vibrant communities, in the best neighbourhoods. Our communities appeal to homeowners through a seamless integration of amenities and recreation, in dynamic spaces that promote interaction, comfort, and active lifestyles. The Beaverbrook team has knowledge of the up-and-coming, the current trends, the changing demographics, and the push for greener elements in design. All this combined allows us to continuously push boundaries, create something new, and remain dedicated to innovation as we set ourselves apart from the competition. Beaverbrook Communitiesâ&#x20AC;&#x2122;s goal is to build a legacy of beautiful neighbourhoods that are timeless in their character and design. Visit www.beaverbrook.ca to learn more. RIVERâ&#x20AC;&#x2122;S GATE Sturgeon Valley

UPPER WINDERMERE Southwest Edmonton Located in southwest Edmonton, Upper Windermere is one of the most prestigious neighbourhoods in Edmonton. This community offers residents an exclusive lifestyle with its private leisure centre complete with a heated outdoor pool, skating rink, tennis court, and basketball court. The community is enhanced by an intricate park system that stretches to the North Saskatchewan River and distinct architectural details that distinguish this stylish neighbourhood from other Edmonton communities. www.upperwindermere.com ROBINSON Leduc

ONE AT WINDERMERE Southwest Edmonton Located in southwest Edmonton, ONE at Windermere offers two distinct architectural styles, Prairie Modern and Contemporary Modern. Living in smart, modern style, residents of ONE at Windermere will take advantage of the best shopping at the Currents of Windermere, two golf and country clubs, and a brand new K-9 Catholic School set to open in fall 2016. www.oneatwindermere.com ONE AT KESWICK Southwest Edmonton Similar in architecture to ONE at Windermere, ONE at Keswick will feature Contemporary Modern and Prairie Modern homestyles throughout the community. Residents of ONE at Keswick will enjoy easy access to a variety of amenities, many intricate walking trails with a river valley connection and plenty of community green space to enjoy. HUDSON PARK Northwest Edmonton

www.oneatkeswick.ca THE HILLS AT CHARLESWORTH Southeast Edmonton

ROBINSON Leduc

The Hills at Charlesworth is located along Ellerslie Road, east of 50th street in the southeast portion of the city. This new community incorporates a variety of low impact development and green building best practices to create a unique subdivision that sets the bar for sustainable development in Edmonton. A variety of housing types are planned, ranging from single family dwellings, duplexes and townhomes.

Nestled in the southeast portion of Leduc, this neighbourhood is just minutes away from numerous amenities, including the Leduc Recreation Centre, schools, and beautiful Telford Lake. Robinson is the ideal community for families. Designed around a centrally located storm water pond, the community features a central park and playground area, toboggan hill, as well as a number of passive recreational parks, connected by an extensive walkway system.

www.hillsatcharlesworth.ca

www.liveinrobinson.ca

HUDSON PARK Northwest Edmonton

79 AVE INFILL Near Whyte Avenue

Nestled in an established area of Northwest Edmonton, Hudson Park has easy access to entertainment, restaurants, and retail stores. With Anthony Henday Drive right around the corner and downtown only a short drive away, youâ&#x20AC;&#x2122;ll have everything you need right at your fingertips.

This site, located near Edmontonâ&#x20AC;&#x2122;s famous Whyte Avenue, and its restaurants, shops and entertainment, is ideally located for redevelopment. The site will be developed with a modern architectural style to accommodate the young professionals in the area.

www.homesinhudson.ca

lley

GREENBURY Spruce Grove Situated along the east boundary of 60-acre Jubilee Park, Greenbury offers the warm, timeless style of New York Brownstone architecture. Greenbury embraces greener living through innovative stormwater management techniques, LED street lighting, a builder green home rating system and wind power in an affordable way, making it easy for families to adopt. www.greenbury.ca KENTON VILLAGE Spruce Grove

GREENBURY Spruce Grove

THE WOODS AT KENTON Spruce Grove

Located in Spruce Grove, south of Highway 16 along Century Road, Kenton Village provides easy access to many amenities, including the future Westwind Commercial Centre. Residents of Kenton Village can choose between two distinct architectural styles, Prairie Modern and Contemporary Modern. www.kentonvillage.com THE WOODS AT KENTON Spruce Grove Located along Century Road at the east end of Spruce Grove, The Woods at Kenton offers all the conveniences of modern living in an ideal setting. Each of the 31 estate lots back onto a protected tree stand, and boasts enough space for an attached triple car garage. The Woods at Kenton encourages originality and includes many architecturally diverse homes.

KENTON VILLAGE Spruce Grove

www.woodsatkenton.ca PRESCOTT Spruce Grove Located on the eastern edge of Spruce Grove, residents can take advantage of easy access to Edmonton. The community’s comprehensive walkway system is planned to include a creek and a beautiful naturalized storm pond. Prescott is also home to Spruce Grove’s new K-9 school. Set to open Fall 2016, the school will be home to a variety of before-and after-school programs, a daycare, and a Wellness Centre that will host many health and fitness activities. www.liveinprescott.ca THE CLUB & RESIDENCES OF RIVER’S GATE Sturgeon Valley

STONECREEK & PARSONS CREEK Fort McMurray

Situated on the banks of the Sturgeon River, next to St. Albert, River’s Gate offers the area’s only gated cul-de-sac, offering privacy that is second to none. River Lot 56 Protected Natural Area, Sturgeon Valley Golf and Country Club, as well as the community’s walkways create a beautiful, peaceful ambience to complement any home. Featuring a limited number of half-acre lots, River’s Gate is ideal for building the estate home of your dreams.

Stonecreek sits on the edge of lush ravines along the Athabasca River, while Parson’s Creek is nestled in the boreal forests of the Athabasca River Basin. Both communities offer a variety of housing products, and unique architecture that elevates the standard of residential homes in Fort McMurray. Stonecreek features an outdoor skating rink, as well as a trail system and large commercial area.

www.riversgate.ca

www.stonecreekinftmac.com www.liveinparsonscreek.ca

Visit www.beaverbrook.ca for more information, community maps, and showhome details.

g s er g e y. s

POMPEI HOMES

FAMILY BUILDERS FOR EDMONTON’S DIVERSE FAMILIES

“We want our homes to be the best they can be... and build what our customers dream.” ong before Sergio Pompei founded Pompei Homes, he already had a strong appreciation for and skills in woodworking. He had learned the fine art of furniture making in his native Italy, and after immigrating to Canada in the early 1960s, he gained experience in all areas of home building. Armed with his knowledge and experience, he built a home for his family in 1967. A few years later, he built another home to accommodate his growing family. A friend was so impressed that he asked Sergio to build a home for him. Word soon got out, and Sergio ended the year with seven more homes under his belt. In 1972, Pompei Homes officially opened for business, and today, the second generation of Pompeis is involved in running the family-owned and operated firm. They passionately and proudly carry on the tradition of building quality custom homes in the Edmonton area. 91

All in the family. Clockwise from bottom: Sergio Pompei, daughter Anna, & sons Tino & Dario.

While styles and building techniques have changed over the years, one thing hasn’t: Pompei Homes holds true to its core values of honesty, integrity and pride. “They describe our ethics and morals,” says Dario Pompei, Sergio’s son and general manager of Pompei Homes. “Honesty and integrity are really important because customers need to trust their builder to work as a team. It makes the whole experience much better for everyone.” And work as team they do. The family is a team of experts - Dario as general manager, Tino as construction manager, and Anna as office manager – and they’re all highly dedicated to the values and work ethics established by their father. Together they work with the client to build a custom dream home. Whether it’s a large luxury home or a small mid-range home, a twostorey or a bungalow, traditional style or contemporary, Pompei builds to the vision and needs of their customer. “Every buyer has different needs,” says Dario. “That’s what we are here to do – fill those needs.”

3D computer aided visualization allows clients to envision their home before it is built. Shown are a floor plan view, and eye-level view (inset). 92

Being a small volume builder – they build between five to 10 homes annually - allows Pompei to focus on the customer and quickly and efficiently make changes as needed. One way of making sure the client’s home is exactly what they want is by using state-of-the-art 3D computer-aided visualization technology. Clients are able to design and see their homes unfold in front of their eyes. With full colour renderings, the clients can visualize the layout and see the home from multiple angles, just like they would if the house existed in more than a drawing. The program also allows the flexibility to experiment with different colours and products right down to how they want the fireplace to be detailed. “It’s a great tool because our clients can visualize their dream home before it’s built. It’s very detailed and allows us to fine tune,” explains Dario. “It also allows us to see any potential mistakes and rectify them. There are no surprises for the customer.” Keeping up with technology isn’t limited to the design stage. Pompei also keeps up with the latest green technology in home building. They search out the green options that are cost effective and add value to the home and the client can choose to incorporate them into the home.

You’ll find homes built by Pompei throughout the Edmonton area including Strathcona County, Sturgeon County and Fort Saskatchewan. “We build where our clients want to go and where it’s available to us, whether an acreage or city lot,” explains Dario. Ultimately, they like to build in communities that offer the best value. Right now Pompei’s show home is located in Tuscany Hills (north of 195 Avenue on 127 Street). The future for Pompei Homes is to continue doing what they have always done. “We will continue to maintain high quality standards, quality workmanship, and taking pride in our work and being personally involved at all stages,” says Dario. “Whether big or small, we want our homes to be the best they can be.”

VISIT OUR SHOW HOME IN TUSCANY HILLS

Monday - Thursday 3-8pm Weekends & Holidays Noon-5pm FOR MORE INFORMATION

www.pompeihomes.com 780.457.4800 93

ootprint Developments is a local residential developer specializing in the planning, creating and marketing of superior townhome communities across greater Edmonton. In only three years, this vibrant company has successfully sold out three major developments in Terwillegar Towne, Albany Trails and MacTaggart Ridge and is always is developing new communities throughout the city including Radiance in Eaux Claires. What defines a Footprint community is the superior investment value of its homes and its neatly appointed, secure public space. Land for these preferred developments is carefully selected to be near large open green spaces to ensure people have lots of room to relax and enjoy healthy activities. They are also located close to contemporary conveniences like stores, shops, daily services and public transit to ensure people enjoy quick and easy access to everything they need. Homeowners enjoy superior home design that integrates contemporary layout, premium décor, smart storage, supersize 20’x25’ double attached garages, and bundled features into one low price that will be among the best in the city. Homes are ideally sized at 1,558 sq. ft. and come in three bedroom layouts. A large master suite provides quiet refuge at the end of a busy day. Its private five piece ensuite and spacious walk in closet ensure homeowners blissful relaxation and easy storage of wardrobe and seasonal wear.

he main level features an oversized contemporary kitchen with large windows that flood the living space he main levellight. features oversized contemporary with natural Fiveanappliances, in your choicekitchen of with large windows that flood the living space with natural light. black or white, help stretch your budget and ensure turn key Five appliances, in your choice of black or white, help stretch living the day you move in. A generous eating bar simplifies your andclean ensure living theplace day you in. A foodbudget prep and upturn andkey is the ideal formove kids to generous eating simplifies food and clean up and is the enjoy quick afterbar school snacks. forprep quick snacks. ideal place for anyone to enjoy a quick snack or meal. An eating nook is situated adjacent the 20’ x 7’ oversized balcony the homes mostto wonderful An eating- perhaps nook is situated adjacent the 20’ x feature. 7’ 140 sq. ft. This unique outdoor space makes summer barbecues and private balcony - perhaps the homes most wonderful feature. entertaining a must for as they arefor easy to stage andand simple This unique outdoor space is ideal summer bbq’s to clean up afterwards. entertaining, providing plenty of room for guests. A comfortable great room provides lots of space for big A comfortable great room provides lots of space for your screen sports viewing, playing video games, or just chilling favorite family activity or enjoying the company of guests, with friends. A picture window allows ambient light to flood or just chilling with friends. A picture window allows ambient the space. This open concept design allows superior flow light to flood the space. This open concept design allows from room to room that gives an overall impression of much superior flow from room to room providing the comfort and larger living space. sophistication of a highly desirable living space. The lower level has a laundry room, smart storage room The level has a laundry smart storage and lower oversize double garage.room, The extra deep rearroom entry and a 500 sq. ft. double garage with ample storage space and room garage has additional storage for kid’s stuff or recreational for 2 full size vehicles. The extra deep rear entry garage has equipment. additional storage for kid’s stuff or recreational equipment.

full landscaping landscaping 95

Footprint’s NEW Communities Following the successful completion of Terwillegar Corners in Terwillegar Towne, Mactaggart Townhomes in Mactaggart Ridge, and South Terwillergar Townhomes in South Terwillegar, Footprint is proud of their newest communities - Radiance in Eaux Clarires and Secord Corners.

- The R adiance In Eaux Claires New Showhome Now Open

Located at the corner of 95th Street and 160th Avenue, Footprint Developments presents their exciting new condominium and townhome development in Eaux Claires. Ideally situated just off 97 Street, the Radiance is the ultimate home choice for buyers who are looking for convenient, urban-style living with an exceptional location. Residents of the Radiance will find themselves surrounded by an abundance of first-rate amenities, including supermarkets, banking, restaurants, schools and much more. This charming northwest neighbourhood provides access to major roadways that are only minutes away, including the Anthony Henday, allowing for quick and easy commutes in and around the city. Offering two styles of homes to choose from, condos and townhomes, the Radiance development presents numerous home sizes and pricing options that are sure to suit an array of lifestyle needs. Suites range from 601 to 1,168 sq. ft. and are available in onebedroom-plusone-bath and two-bedroom-plus-two-bath options. There are 10 floor plans to choose from, including limited availability for a three-bedroom plus-two-bath floor plan option. Radiance townhomes offer spacious home living with the all the benefits and convenience of condo amenities. Perfect for consumers who are looking for multi-level living space, these two-storey homes combine urban style and private living. Each three-bedroom home offers an extensive list of features, including an oversized two-car garage with flex space, a large balcony with gas barbecue outlet, and beautifully finished exterior with stone accents. The front yards are also expertly landscaped and completed with trees and shrubs.

- Secord Corners in West Edmonton New Showhome Now Open

Check out Footprint Developments’ newest west Edmonton community in Secord. This superb family development is situated right across the street from a beautiful urban forest with tree lined walking trails and a children’s playground. Secord is one of Edmonton’s finest family communities with easy access to The Grange Shopping District, a new school and the Lewis Estates Golf Course. Call Chris at 780.966.6524

For complete information about any Footprint Developments community, visit our showhomes. You can contact Suzie at 780.940.1803. Floorplans, photo galleries & more information about current projects plus news about upcoming communities are all available on our website at

www.footprintdevelopments.ca 96 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

With over 67 years of residential and commercial development experience, the Footprint Developments Management team has the knowledge and expertise in creating exceptional apartment condominium, duplex and townhomes that fit the needs of homebuyers. Specializing in efficiently designed homes, Footprint developments provide homebuyers with a quality product that features energy-efficient technology and convenient designs. Phase 1 condos at the Radiance are now 90 per cent sold! Phase 2 is now selling with prices starting in the upper $100’s. Townhomes are also in high demand at the Radiance! Phase 1 is almost sold out and sales have now begun in Phase 2 of the development with prices starting from the mid-$200’s. For more information or to learn more about the condominiums and townhomes at The Radiance, visit their website at radiancecondos.ca. Visit the sales centre at 9505 160 Ave. NW , open Monday to Thursday from 3 to 8 p.m.; Saturday, Sunday and holidays from noon to 5 p.m.

Call Suzie at 780.940.1803

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DIGITAL DEVICE anytime, anywhere! Published by

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W H I T E

E AG L E

H O M E S

Luxury

Customized by Salina Yara Halabi

hite Eagle Homes is a family-based company that specializes in building exclusive custom homes in Edmonton and area. Since 1996, this established company has been dedicated to creating unique and high quality custom homes that set White Eagle apart from other typical homebuilders in the market. White Eagle Homes offers clients a personalized and customized home-building experience. Customers have the opportunity to work directly with the White Eagle

team through the design and planning process, as well as during the construction phase - this ultimately leads to the client’s dream home turning into a reality. Customers are treated like family, and each home is looked at as a unique project that is given White Eagle’s utmost attention. It is the company’s distinctive approach to customer care and their quality building style that have led to White Eagle’s countless referrals and repeat business from happy clients.

CELEBRATING EXCELLENCE 98

With no details overlooked, craftsmanship that is unrivaled, and the use of high-end materials, the classic product that White Eagle Homes provides its clients is luxurious and timeless. Offering innovative designs that reflect the ever-changing lifestyles of today’s families, White Eagle Homes works with clients to ensure their home meets their needs, while showcasing the company’s distinguished style and contemporary European flair. Since 2005 White Eagle Homes have been nominated for numerous local, provincial and national industry awards, including the Canadian Home Builders’ Asso-

ciation – Edmonton Region’s SAM Awards – and, have won or been named a finalist every year since then. One of their most celebrated achievements was winning the sought-after Ralph Scurfield, CHBA - Alberta Builder of the Year Award in both 2011 and 2012. White Eagle Homes has also recently won various single-family home awards at local and provincial levels, and the CHBA - Alberta Small Volume Builder of the Year Award in 2013. White Eagle is currently building their beautifully designed homes in the following communities: Schonsee, Allard Estates, Callaghan, McConachie, and Westpoint

3 Time WINNER of Builder of the Year

Alberta Awards of Excellence 2011, 2012 & 2013 Small Volume 99

Visit one of the following showhomes to see the White Eagle quality firsthand. NORTH EDMONTONSCHONSEE The Emilia 5469 Schonsee Drive N.W. Cell: 780-497-8998 NORTH-EAST EDMONTON McCONACHIE 5950-167 C Avenue 780-497-8998 SOUTH EDMONTONALLARD 475 Allard Boulevard Open Summer 2015 Sandstone Model Westpointe in Windermere “Blue Diamond” Open Fall 2015 780-250-5795 SOUTH EDMONTONCALLAGHAN The Sandstone 1367 Cunningham Drive S.W.

780-456-5393

www.whiteeaglehomes.ca

in Windermere. White Eagle is able to build anywhere in Edmonton and surrounding areas, allowing customers to choose a location that best fits their lifestyle. In the fall of 2015, the new Blue Diamond showhome will be opening in Westpoint in Windermere. There is also a new Sandstone showhome opening in Summer 2015 in the community of Allard Estates. For showhome information or to learn more about White Eagle Homes visit their website at whiteeaglehomes.ca. 100 78 EDMONTON BUILDER AND DEVELOPER ANNUAL 2013

TR E N D I NG

DEMAND FOR MORE MIXED-USE PROJECTS

DEMOGRAPHICS DRIVING DEVELOPMENT BY LY DI A MC N U T T

anadian homebuyers are forgoing the larger lots and extra bedrooms of the ‘burbs in favour of urban conveniences close to home, according to a recent report titled Emerging Trends in Real Estate 2015 conducted by PwC and Urban Land Institute (ULI). Urbanization is no longer a growing trend, but rather the “new normal.” Hot on the heels of these citybound homebuyers are developers who are keen to meet buyer demand and add value to their properties by exploring new mixed-use developments like condos and rental apartments which combine residential and commercial opportunities. “In the Canadian market, the bidding on prime properties can be quite competitive. In response to this competition, the market has become very creative in finding ways to enhance value. The convergence of residential and commercial development is a way to illustrate this value,” says Frank Magliocco, national leader, Canadian Real Estate, PwC. “Residential developers have started to add retail and other services such as health care and education in a bid to attract buyers. Likewise, commercial developers are including residential components to their office and retail projects.”

CANADIAN REAL ESTATE AT A GLANCE: THE BEST PLACES TO BE IN 2015 Calgary and Edmonton have been named Canada’s top real estate markets, scoring well for investment, development and housing. Toronto came in third, with continuing migration by residents and retailers to the city core, and an already strong condo market further solidified by a lack of affordable housing. Following closely in fourth, Vancouver is expected to lead in growth in 2015, with steady foreign investment pouring into its robust housing sector. Montreal’s stable market is expected to remain so in 2015, with a drop in the condo market as it continues to absorb inventory. “Meanwhile, the city is keen to attract high-end retailers via Rue Ste. Catherine, where experts foresee the avenue being transformed over the next five years,” according to the report. While in Winnipeg, a drop in home sales has raised concerns around overbuilding impacting the city’s finances. “The real estate industry of Canada’s large urban centres continues to be an engine of stable economic growth for the country. It has proven itself to be a low-risk business environment for developers and investors,” says Richard Joy, executive director, ULI Toronto. “This is especially true in western Canada. The market shift toward urban cores and transit-supportive communities is a unique opportunity to maximize the value of new public infrastructure investment in major cities across the country.” EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 101

M O RTGAG E AD V I CE

WHY YOU SHOULD PAY ATTENTION

TO THE BANK OF CANADA BY A LYSSA R IC H A R D

very six weeks, you may notice news headlines along the lines of “Bank of Canada holds key interest rate at one per cent.” The articles often discuss the overnight lending rate, how the economy has shaped the central bank’s decision to either change it or not change it, and how the monetary policy has been updated. It’s a lot of information packed into one article, so don’t feel bad if some of it goes over your head at first. However, if you have a mortgage – particularly a variable rate mortgage – you may want to add a calendar reminder for each of these announcements. Why? Well, because if the overnight lending rate goes up, so could your monthly mortgage payment.

Every six weeks, you may notice news headlines along the lines of “Bank of Canada holds key interest rate at one per cent.”

To explain how this works, let’s start with some background information. The overnight lending rate is the interest rate at which banks borrow and lend money to one another, to cover the transactions they make each day. Changes to this interest rate can directly result in changes to other interest rates, such as for consumer loans and – you guessed it – mortgages; this is because each bank’s prime rate is attached to the overnight lending rate. So, as an example, if the overnight lending rate goes up by 0.50 per cent, your bank’s prime rate will also go up by 0.50 per cent. And if you have a variable rate mortgage, which is attached to prime rate, your mortgage rate and payment will follow suit. Let’s assume you bought a home for $400,000, put down 10 per cent and amortized your mortgage loan over 25 years. If your bank gave you a five-year variable rate mortgage of prime-minus 0.50 per cent (currently that would be 2.50 per cent), your monthly mortgage payment would be $1,651. If, at any time during that five-year term, the overnight lending rate went up by one per cent, your bank’s prime rate – and therefore your mortgage rate – would also go up by one per cent (so you’d be up to 3.50 per cent). At that rate, your monthly mortgage payment would be $1,841, which is an additional $190 per month or $2,280 per year you’d need to find in your budget to pay for. As of this month, the overnight lending rate has sat at one per cent for four years straight, and economists predict it will remain unchanged until at least mid-2015, so you may not need to worry about this for a while. However, the one thing you should be aware of is that interest rates will undoubtedly go up, not down – so you may want to pay attention to what the Bank of Canada says in its announcements, and prepare your budget for what’s to come.

Alyssa Richard is the Founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions. 102 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

Get involved with Sage! Sage is a non-profit seniorsâ&#x20AC;&#x2122; serving organization, offering a wide range of programs that enhance the quality of life for seniors in Greater Edmonton. Get involved with Sage! Take advantage of the many resources, programs and services. Explore a variety of volunteer opportunities. Consider supporting at-risk seniors by making a charitable donation. Sage has been serving seniors in your community for over 40 years.

Visit www.MySage.ca or call 780-423-5510! 103

TR E N D I NG

CANADA’S HOTTEST REAL ESTATE MARKETS?

TWO OF THEM ARE IN ALBERTA

anada’s strong housing performance has been well documented – and the envy of many countries. But would you be able to guess the hottest real estate markets in the country? You might be surprised to learn that two of them are right here in Alberta. According to the latest House Price Survey from Royal LePage, Canada’s hottest real estate market is not Toronto or Vancouver, as some might expect. It’s Calgary, with Edmonton not far behind. Nationally, the average price of a home in Canada rose between 4.4 per cent and 6.1 per cent year-overyear in the third quarter of 2014. During this period, the average price of a standard two-storey home rose 5.5 per cent to $441,714, while detached bungalows increased 6.1 per cent to $405,101. Condominiums on average showed slightly lower year-over-year gains, posting a 4.4 per cent increase to $257,377. “In the seven years since the Canadian housing market began its recovery from the worldwide recession, home price growth has been robust, often greater than the long-term average of approximately five per cent,” says Phil Soper, president and chief executive of Royal LePage. “We are now experiencing a natural slowing in the rate of year-over-year price appreciation, with real estate markets moderating in most parts of the country, a transition to what our agents refer to as a ‘Goldilocks market,’ one that is neither too hot, nor too cold. To be clear, we expect home prices to continue to grow in the months ahead, but at a slower rate than we have seen in recent years.”

104 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

SUMMARIES OF SELECT CANADIAN REAL ESTATE MARKETS: Calgary: The housing market continues to be among the strongest in the country. Demand was strong across all housing types. The average price for standard condominiums surged 11.8 per cent year-over-year to $294,156, and detached bungalows increased 10.8 per cent to $515,844. Standard two-storey home prices were consistent with this trend, increasing 9.2 per cent to $499,811. Edmonton: Also saw strong price appreciation across all housing types. Detached bungalow prices showed the strongest gain, increasing 6.0 per cent year-over-year to $357,240. Standard two-storey home prices rose 5.3 per cent to $379,463, while standard condominiums climbed a healthy 5.8 per cent to $232,340. Toronto: Low levels of inventory combined with an unseasonably active August market contributed to significant price increases across all major housing types. Standard condominium prices saw the greatest increase, rising 8.0 per cent yearover-year to $383,039. Detached bungalows rose 7.2 per cent to $618,088, while prices for standard two-storey homes increased 7.6 per cent to $733,317. Vancouver: Price increases remained strong in the third quarter. Detached bungalows saw the largest increase, climbing 6.1 per cent to $1.13 million. Standard two-storey homes also experienced strong growth, rising 5.6 per cent to $1.22 million. Standard condominium prices cooled slightly by 0.2 per cent to $502,869. Ottawa: The slower winter and spring seasons left the market with a surplus of inventory in the third quarter, holding prices relatively flat in the region. Detached bungalow and standard two-storey home prices each increased by 1.2 per cent yearover-year, to $403,091 and $406,264, respectively. Standard condominium prices declined slightly, dropping 0.3 per cent to $258,132. Montreal: The average price of detached bungalows increased 2.6 per cent year-over-year to $296,857. In the same quarter, standard two-storey homes and condominiums remained relatively flat, rising 0.2 per cent to $403,714 and 0.5 per cent to $241,000, respectively.

THE YEAR IN REVIEW

With the temperature falling and the snow beginning

around historic lows, resales reached historic highs,

to fly, it marks the end of another strong year for

and the number of new housing units under

Alberta’s economy. Provincial GDP and income grew

construction reached levels not seen since the 1970’s.

at twice the pace of national rates, while maintaining a similar level of inflation and a significantly lower level of unemployment. In short, Albertans continued to enjoy higher incomes and greater job security when compared to average Canadians elsewhere. For Edmonton, the story was the same, but even more pronounced given the city’s close proximity to the expanding energy projects that have been fuelling these provincial trends. As such, the region has been a powerhouse in job creation adding over 20,000 new jobs from October 2013 to October 2014. Given that Edmonton’s labour market began the year in a tight position, these emerging labour needs were satisfied by a continued influx of new migrants to the region. Recently, the Canadian Mortgage and Housing Corporation (CMHC) estimated that total net migration to the area would reach 31,000 by year’s end. With the exception of last year, this will be the highest net migration seen in decades.

amidst growing incomes, applied further upward on

Edmonton’s

domestic

ahead,

the

Canadian Association

Petroleum Producers expects Alberta’s current energy sector growth cycle to continue at an easing pace. This projection of easement has set the tone for CMHC’s fall market outlook that sees net migration slipping to 24,000 in 2015. However, this level of migration should still be sufficiently high to keep rental markets tight, while pushing total resales even higher next year (2.3 percent growth). This bodes well for the region’s new housing industry moving forward. CMHC expects multi-family starts to continue to fall in 2015 due to the general ebb-and-flow that this market shows – short periods of low standing inventory followed

short

periods

high.

Regional

single-family starts, on the other hand, increased by 7.2 percent in 2014 and are expected to grow by 3 percent next year supported by all the trends mentioned thus far.

This vast increase in Edmonton’s working population, pressure

Looking

economy.

Perhaps most evident of this was the region’s housing market where rental vacancy rates hovered

Overall, it’s been a strong year in the housing industry. For ongoing market and trend updates, please refer to our monthly articles in New Condo Guide & New Home Guide or visit intelligencehouse.ca

Intelligence House is Edmonton’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real estate industry.

From left to right: Michael Melnychuk Alex Ruffini Emmett Hartfield EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 105

AR O U N D T H E H O U S E

YARD OF DREAMS EXPLORING TODAY’S HOTTEST LANDSCAPING TRENDS AND IDEAS BY SH A N E’ S L A N D SC A PI NG & CON T R AC T I NG LT D.

ne of the easiest ways to add luxury and tranquility to your lifestyle is to redefine how you look at your backyard, and what can be done to make it beautiful. In the past, the majority of people used to think about their backyards as just a piece of land where you can plant flowers, grow vegetables and let your dog out to do its business. Today, you can do so much more with what you have, from creating a personal oasis from the hustle and bustle of everyday life to extending the comfort of indoor amenities to an outside living space. Here are some of the hottest backyard trends: 106 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

CREATE AN OUTDOOR LIVING ROOM Instead of strictly using your backyard for utilitarian purposes, expand your relaxation territory and develop an outdoor living room. Create the same atmosphere that is found in your indoor living room by integrating large, comfortable outdoor sofas and ottomans. Let your backyard be your playground and use bold colors. Experience a level of unparalleled intimacy by strategically placing outdoor lights that can be adjusted to the desired intensity. Hold a “summer kick-off” party after you install weatherproof flat-screen TVs and stereo systems. Control the temperature by setting up ceiling fans to circulate warm summer air and heating lamps to breathe warmth into your outdoor living space. WATER TO INVIGORATE THE SENSES To bring a calming element into your space, introduce a flowing water feature. The soothing sounds of bubbling water streaming from a constant source can add a sense of tranquility that rivals

most day spas. There are many different ways you can integrate flowing water, including cascading waterfalls and custom-made fountains. Ponds are another route you can take when considering placing water sources in your space. Koi and other aquatic life transforms your backyard into a relaxing Eastern-style garden. ELIMINATE THE INDOOR/OUTDOOR BOUNDARY Take advantage of a large outdoor living space and eliminate stifling walls. Incorporate retractable screens that disappear when not in use. If you are uncomfortable with the idea of a completely open space, consider installing a set of French doors with Phantom’s retractable door screens to form a nearly invisible separation between your indoor and outdoor rooms. In today’s modern outdoor areas, many people enjoy integrating plush fabrics and treatments to add comfort to their porches and patios. Motorized retractable screens can deliver shelter from the sun and the bugs, letting you spend more time relaxing on your outdoor couch with a good book.

INSTALL A SOURCE OF FIRE What good is a luxurious outdoor living space with all the amenities of an indoor room without a good source of heat? If you really want to tie your project together, think about integrating either a built-in fireplace or a fire pit. These attractive, useful heat sources are ideal for romantic nights alone with your significant other or large family and friend get-togethers. It doesn’t matter if you are in the middle of a frigid winter or relaxing during a cool summer night, chilly weather can ruin a great mood. However, with a decent-sized fireplace or firepit, you don’t have to run indoors to stay comfortable. You wouldn’t be the first person to consider placing a fire source at the center of your outdoor space. Careful to check bylaws when deciding where to place any fire source. According to a recent survey conducted by the Society of Landscape Architects, firepits and fireplaces enjoy a 97 per cent popularity rating. Shane’s Landscaping & Contracting Ltd. specializes in residential, estate and acreage landscape construction. From patios to water features, driveways, retaining walls, lighting, walkways, fences, irrigation, garden beds, boulders, barbecue, fire pits and the new synthetics grasses, we can help make your landscaping beautiful. Planning your landscaping is an exciting time, and we are here to help. Our team of friendly knowledgeable and hard working staff can make your landscaping dream a reality. Call us now for a consultation. Shane’s Landscaping & Contracting Ltd. is locally owned and operated, providing landscaping and commercial snow removal services to Edmonton and surrounding area. Call us for a consultation at 780.983.8233 or view our website at shaneslandscaping.com EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 107

I N T H E N EW S

EDMONTON THE TOP CITY IN ALBERTA FOR REAL ESTATE INVESTMENT BY WAY N E K A R L

algary may be Canada’s hottest housing market, but Edmonton beats even its neighbor to the south when it comes to real estate investment. This, according to the latest provincial ranking from the Real Estate Investment Network (REIN), one of Canada’s leading real estate research and education organizations for investors and homeowners. The group recently developed a new ranking system – REIN Score – that rates real estate investment markets across Canada in a way that allows investors to compare markets across provinces and across the country. The REIN Score measures each city or town on five different categories for a total of 50 points including: Economic Risk (possible 12 points); Yield Growth Potential (possible 12 points); Investors’ Insights (possible 10 points), Political Climate (possible 8 points) and Accessibility (possible 8 points). “We wanted a more concise and detailed report that reflected the depth of our research,” says Melanie Reuter, director of research. “We realized that not all investors are alike and that everyone has differences in their risk threshold.

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Some want quick, high yields and are willing to take a chance to get a more dramatic return, while other investors are happy with slow and steady appreciation and decent cash flow. There are different measures of success and the new ranking acknowledges that. “The two most important criteria are the economic risk with a big focus on existing and future jobs and job growth, and the growth potential of yield,” says Reuter. “Will the going-rent rates mean your cash flow is good in relation to the house prices, and is there potential for more and larger growth as the local economy improves? “It is also important to take into consideration the political climate of a community and whether it has a solid growth plan, cash flow squashing taxes, and whether it has restrictive rental policies. If you can raise rents to match demand or your property taxes are expensive compared to other communities, your current and existing cash flow is compromised.” The report also takes into consideration the immediate and long-term impacts of Canada’s demographic changes. Will communities continue to attract the two largest cohorts: an aging population and a very different Generation Y? So, how did Edmonton rank number one over Calgary, considered by many sources as the hottest real estate market in Canada? “Edmonton edged out Calgary only because the properties are not as expensive,” Reuter told the Edmonton Builder & Developer Annual. “Although rents aren’t as high, there is often better ROI. The two do battle back and forth, for sure. It is often easier for investors to get into the Edmonton market, as the down payment requirement is less.” As for property types that would make for wise investment choices, Reuter cites multi-family. “(It’s) definitely an excellent asset, but they are very difficult to find.” HOW EDMONTON SCORED

HOW CALGARY SCORED

Economic risk: 11/12 Yield growth potential: 10/12 Local politics conducive to business: 7/8 Access to transportation: 8/8 Investors’ Insights: 9/10 Total: 45/50

Economic risk: 11/12 Yield growth potential: 10/12 Local politics conducive to business: 6/8 Access to transportation: 8/8 Investors’ Insights: 9/10 Total: 44/50

I N T H E N EW S

DOWNTOWN EDMONTON’S REVIVAL:

LET THE GAMES BEGIN

he downtown Edmonton revival is a spectacle in and of itself. For years, many Edmontonians have felt that the city’s centre was lacking the vibrancy that should exist in a major city’s core. Edmonton seemed to be missing a central hub where people could live, work and play. A spark was ignited when rumours of a multi-faceted arena district began to spread. New and unique restaurants, pubs and cafes began to open in the downtown area, attracting Edmontonians back into their city’s heart. Life was re-injected into Edmonton’s core, and developers took note. Old warehouses began turning into lofts, and new condominium projects started to take shape. The City of Edmonton gave the new arena district plan the green light in February 2014, with construction on the project beginning the following month. Led by the Katz Group, the focal point of the project is a new NHL arena dubbed Rogers Place, which will be home to the Edmonton Oilers. Set to open for the 2016 NHL season, the project will change the landscape of Edmonton’s downtown and will include entertainment venues, shopping outlets, a highly anticipated Delta Hotel, as well as new commercial and residential options. A condominium project will be centrally located within the development, offering residents direct access to all the amenities the district is set to feature. The Edmonton Arena District is priced at more than $600 million, and has caused quite the development boom in the downtown core.

BY SA LINA YA R A H A L A BI PHOTO COURTESY ROGERS PL ACE

New condo options within Edmonton’s flourishing core are in high demand. Projects are being developed at a steady pace and include The Fox, a double tower development that features a five-storey brick podium, as well as The Ultima, which offers 32 storeys of loft, suite and villa-style living. There are many exceptional real estate developments ready to be explored in the downtown area, such as The Icon, Encore, Symphony and Vibe – all showcasing a range of urban living options.

Edmontonians have felt that the city’s centre was lacking the vibrancy that should exist in a major city’s core. The downtown Edmonton revival is exciting to say the least. World-class entertainment, shopping, and dining have found their place within the new arena district. With numerous real estate opportunities available, downtown Edmonton is the perfect place to call “home” for those who crave an urban lifestyle within a city that is experiencing extraordinary growth. Learn more about the Edmonton Arena District by visiting the website at ead.ca

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H O M E B U YE R S ’ R E S O U R C E

HOMEBUYERS’ RESOURCE SECTION

YOU LOVE THE HOME,

SEE WHAT YOU CAN AFFORD!

›› Calculate your mortgage payments using the mortgage payment calculation chart ›› Mortgage management tips and answers to common mortgage questions

110 EDMONTON BUILDER AND DEVELOPER ANNUAL 2015

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

EXAMPLE: 5%

25 YEARS

5.82

125 (mortgage amount $125,000)

Follow these steps to see if you’ll qualify for a mortgage on your dream home 01 Calculate the combined monthly before-tax income of you and your spouse. 02 Divide by three. This figure is the monthly payment you can afford to make on your home or condo. 03 Take the total price of the condo 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.) 05 Multiply this figure by the amount you need to borrow. Divide by 1,000.

06 Add to this your estimated monthly heating costs and monthly property taxes. 07 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 or condo.

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.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 111

Mortgage management

Mortgage Q&A

» Calculate

What is the difference between conventional and high-ratio mortgages? A conventional mortgage is a

in advance how much home you can afford. Mortgage professionals use a few

variables to determine the maximum mortgage you can afford: your household income, your down payment and your debt payments including your new planned mortgage along with major related expenses such as property taxes and heating. » Consider

getting a smaller mortgage than the maximum amount you can afford. Your

future financial picture may not be the same as it is today. By taking on a smaller mortgage than the maximum amount you can afford, you will gain the flexibility and peace of mind to manage your other obligations today and deal with any unforeseen events that might occur in the future. » Evaluate

the impact rising interest rates could have on your monthly payment. For

many homeowners, a rise in interest rates could have a significant impact on their housing costs. For example, if you are renewing a mortgage of $250,000, an increase of just two per cent in the interest rate could cost you around $300 extra each month. Evaluating the impact of future interest rate increases today could help you avoid potential financial difficulties tomorrow.

» Become

mortgage-free faster by reducing your amortization period. This will increase

your monthly payments, but will also save you money in interest over the life of your mortgage, and make your family mortgage-free sooner. Choosing an accelerated payment option (equivalent to one extra payment per year), making lump-sum payments or increasing your regular payment amount all contribute to reducing your amortization period.

mortgage loan up 80 per cent of the lending value of the property with a minimum downpayment of 20 per cent. If your downpayment is less than 20 per cent of the purchase price, however, you will typically need a high-ratio mortgage. High-ratio mortgages normally have to be insured (by CMHC, for example) against payment default.

What are fixed, variable or adjustable interest rates? A fixed rate is locked-in for the entire term of the

mortgage. With a variable rate, the payments remain the same each month, but the interest rate fluctuates based on market conditions. For adjustable-rate mortgages, both the interest rate and the mortgage payments vary based on market conditions. Talk to your mortgage professional to find out which option is right for you, and be sure to evaluate the impact of an increasing interest rate on your monthly payment.

Should I choose an open or closed mortgage?

With a closed mortgage, you pay the same amount each month for the entire term of the mortgage. Some flexibility to repay principal through lump-sum payments is allowed. Closed mortgages can be a good choice if you want a fixed payment schedule, and you don’t plan on moving or refinancing before the end of the term. An open mortgage allows you to make a lump-sum payment at any time. This type of mortgage can be paid off prior to maturity without penalty. An open mortgage can be a good choice if you’re planning to sell your home in the near future, or if you want the flexibility to make large lump-sum payments. An open mortgage generally carries a higher interest rate.

What about the term, amortization and payment schedule? The term is the length of time (usually from six

months to 10 years) that the interest rate and other conditions of your mortgage will be in effect. Amortization is the period of time (most first-time homebuyers choose the 25-year amortization) over which your entire mortgage will be repaid. Lastly, the payment schedule sets out how frequently you will make payments on your mortgage – usually either monthly, bi-weekly or weekly. Accelerated payments are also an option. These are available for weekly and bi-weekly payment schedules and are generally equivalent to one extra monthly payment per year. With accelerated payments the homeowner is able to pay off his/her mortgage faster while decreasing the overall interest cost.

Courtesy of Canada Mortgage and Housing Corp. For more information, visit cmhc.ca or call 1.800.668.2642.

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H O M E B U YE R S â&#x20AC;&#x2122; R E S O U R C E

NEW HOME & CONDO CHECKLIST When shopping for your dream home or condo, carry this list with you and take notes to help you remember what you saw, and where! HOME/CONDO #1

HOME/CONDO #2

HOME/CONDO #3

HOME/CONDO #4

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

2-storey highrise bungalow

detached conversion townhome

SQ. Footage:

# of bedrooms:

# of bathrooms:

Interior appliances:

Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:

Financing available:

Other comments:

EDMONTON BUILDER AND DEVELOPER ANNUAL 2015 113

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