Edmonton Builder & Developer Annual 2017

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Exploring Edmonton’s top builders and developers – one community at a time

start your search here.

Whether you’re renting or buying, finding your next home has never been so easy.

Get involved with Sage!

Sage is a non-profit seniors’ 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!

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

7 Special Features 06

EDITOR’S NOTE

07

TRENDING

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Alberta a welcoming market for first-time homebuyers TRENDING

The Starbucks Effect – spotting the next ‘it’ neighbourhood CHBA - ALBERTA

Dawning of a new era in energy efficiency in new homes

BY DONNA MOORE

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MONEY MATTERS

Owning versus renting

BY GAIL VAZ-OXLADE

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We shoot, we score! Edmonton has many reasons to celebrate new Rogers Place

BY WAYNE KARL

59

DESIGN SECRETS

Area carpets – let’s lay it all out there

BY JANE LOCKHART

BY SONIA BELL

30

TRENDING

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MORTGAGE ADVICE

How will the new mortgage rules affect first-time homebuyers?

BY ALYSSA RICHARD

63 HOMEBUYERS’ RESOURCE

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

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Builders, Developers and New Communities PRESIDENT, YELLOW PAGES NEXTHOME

08 Sterling Homes

34 Christenson Developments

11 Mattamy Homes

39 Walton Development & Management LP

14 Brookfield Residential 17 Pompei Homes 21 Novesta Construction 24 White Eagle Homes 27 Sherrick Management Ltd.

43 Alldritt Land Corp. LP

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES

Moe Lalani

SALES MANAGER, ALBERTA

Shelley Balla

47 Coventry Homes 50 Regency Developments 52 Beaverbrook Developments

EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung

31 Qualico Communities ACCOUNT EXECUTIVES

Nancy Chemait 780.619.3241

Shelby Biggs 587.357.7402

PRODUCTION MANAGER

Helen Pearce

PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNERS

Greg Van Sluytman, Miguel Cea, Mike Terentiev

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Edmonton’s Builder and Developer Annual is published once a year. PO Box 458 Station Main Edmonton, AB T5J 2K1 NATIONAL ADVERTISING: Call 416.626.4200 for advertising rates and information.

COPYRIGHT 2016-17 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS Advertisers, Editorial Content and 2016 Builder and Developer Annual are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.

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Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 million trees in parks, recreation and conservation areas, and other public spaces across Canada.

Established in 1990, this program was started with Scouts Canada to help replenish the environment.

60 EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 5

E D ITO R’S N OT E

EDMONTON

YOUR TIME WILL COME AGAIN The idea of buying a home in a challenged economy can be nervewracking. Softening demographic fundamentals, declining prices and potential oversupply can strike fear into the hearts of even the most prepared homebuyers.

For some, however, it means one thing: opportunity.

There’s no hiding the fact that the Edmonton economy and housing market have seen better days, but this is conducive to affordability.

In its latest Housing Trends and Affordability report, RBC Economics Research Housing notes that affordability remained at neutral levels in Edmonton in the second quarter of 2016, unchanged from the first quarter. (To underline just how important affordability – or lack thereof – can be, spend some time researching the topic in the context of Vancouver or Toronto.)

But conditions are showing signs of picking up. “The housing market in Edmonton continues to experience relative stability, with increased sales and steady prices year-over-year for October,” says Steve Sedgwick, chair of the Realtors Association of Edmonton. “We typically see the market slow during the colder months, so it is encouraging to see us moving into late fall with strong numbers.”

So, prospective homebuyers in Edmonton – conditions are still in your favour. Alberta has been there, done that, when it comes to weathering economic storms. If you look at long-term price performance in the city, you’ll see this latest slowdown could be a pause that cracks open some windows of opportunity.

Take advantage while you can.

WAYNE KARL

Senior Editor Yellow Pages NextHome Wayne.Karl@ypnexthome.ca Follow me on Twitter at Twitter.com/WayneKarl

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TR E N D I NG

Young homebuyers – welcome to Alberta

by STEPHANIE MACDONALD

THEY SAY THAT THE UPSIDE to a down economy is increased affordability. So should young homebuyers be looking to buy in Alberta?

Between weak oil prices and giant wildfires, Alberta has had a bad couple of years – to say the least. Unemployment is up and consumer confidence down, but for people secure in their employment and who may have been waiting to get into the real estate market, this could be your time. Research institutions such as the Conference Board of Canada and the Alberta Government Treasury Board are predicting a modest improvement in Albertan prospects in 2017.

There are a few factors that could assist improving Alberta’s economy, one being the massive construction effort that will be needed to rebuild Fort McMurray “as displaced residents return to their Fort McMurray homes and as oil production resumes,” says the Conference Board’s June report. “Rebuilding will get under way, and we expect to see only a small negative impact on the economy for 2016 as a whole but a positive and bigger impact in 2017.”

“Unemployment is up and consumer confidence down, but for people secure in their employment and who may have been waiting to get into the real estate market, this could be your time.”

Other factors contributing to modest growth may be the foreign investors wishing to avoid BC’s new 15 per cent tax, and the predicted gentle rise in the value of oil worldwide.

The Alberta Government Treasury Board and Finance Report says despite weak demand and rising inventories, home prices have been resilient. “The New Housing Price Index has remained relatively unchanged for the last nine months to May and the Alberta average resale home price has declined five per cent from the November 2014 peak to June 2016. By comparison, between July 2007 and March 2009, the average resale price fell by 12.5 per cent. The price stability is partly a reflection of the balanced housing market leading into the current recession. Price levels in

Alberta have remained relatively subdued compared to sharply rising prices in Toronto and Vancouver.”

Some industry insiders also don’t see foreign investment putting new pressure on Alberta real estate, but that’s a good thing. “Port and waterfront cities have always appealed to foreign investors,” explains Sherilynn Milsom, an investor in Edmonton. “Prices can soar in such cities even when the economic fundamentals don’t seem to support higher values. I don’t think foreign investors will ever look at a prairie city in the same way they view a port city. This suits me fine because I don’t want to be in competition with a sea of cash-rich buyers”.

So, with the economy slowly turning around, now may a good time to get into the market.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 7

Sterling Homes 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 2016 Winner CHBA-Alberta Awards of Excellence – Multi Family builder of the Year and the 2016 National Sam Awards: • Winner - Marketing Award - Print Ad “Failure to Launch, Direct Promotion - print ad “Addition/Re-Addition”, and finalist for Marketing Excellence.

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 winner’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 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

8 YPNEXTHOME.CA

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.”

Zan Owsley, 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 22 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.

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 for families, Sterling Homes continues the philanthropy of founder Dr. David Freisen with their involvement in supporting charitable organizations and initiatives such as Habitat for Humanity.

Colin Wilson General Manager 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.

Location, location, location! Colin Wilson, general 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, Cavanagh and Crimson in Creekwood at Chappelle, Sienna (Ft. Saskatchewan), Glenridding, 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.

For Show Home locations and Hours Contact 780-461-8369 3203 – 93 St. Edmonton

2014 Awards of

EXCELLENCE in HOUSING

• 2014 – CHBA NATIONAL SAM AWARDS WINNER – Marketing Award – Print Ad – “All Dressed Up” FINALIST – Marketing Excellence Award FINALIST – Grand SAM Builder of the Year • 2015- AVID SERVICE AWARDS • 2015 BEST SALES COUNSELLORS – Inderdeep Singh Hayer • 2015 ALBERTA AWARDS OF EXCELLENCE WINNER – Multi-Family Duplex Under $350,000 – Sahara Allard SH WINNER – Multi-Family Builder of the Year – Qualico Group of Co • 2016 – AWARDS – EXCELLENCE IN HOUSING (EDMONTON) Finalist – Builder of the Year Platinum Level Volume Awards – Erik Eise • 2016 – CHBA NATIONAL AWARDS FOR HOUSING EXCELLENCE Finalist - Production Homes - Detached Under 1,500 Square Feet “Eastglen_Manning Village” Winner – Marketing Award – Print ad – “Failure to Launch” Winner– Marketing Award – Direct Promotion-Print - “Addition/Re-Addition”Concept Finalist – Marketing Award – Brochure/Kit - “Sterling Brochure & Specifications” Finalist – Marketing Excellence Award • 2016 ALBERTA AWARDS OF EXCELLENCE Finalist-Single Family $280,000 to $310,000–The Wellington (Langdale Streetscape) Winner- MultiFamily Builder of the Year – Qualico Group of Companies • 2014 ALBERTA AWARDS OF EXCELLENCE WINNER – Sensation – Under $300,000 – Westerra SH WINNER – Multi Family Builder of the Year ALLARD………………………………………

ALLARD - DUPLEX …………………………

AMBLESIDE SOUTH ………………………

GLENRIDDING ………………………………

CAVANAGH - LANED ………………………

CAVANAGH - DUPLEX ………………………

CRIMSON IN CREEKWOOD CHAPPELLE …

CY BECKER - LANED ………………………

CY BECKER …………………………………

LANGDALE …………………………………

LAUREL CROSSING …………………………

LAUREL CROSSING – DUPLEX ……………

MANNING VILLAGE …………………………

MANNING DUPLEX …………………………

NEWCASTLE…………………………………

NEWCASTLE – DUPLEX ……………………

ORCHARDS …………………………………

SIENNA, FT. SASKATCHEWAN ……………

SPRINGATE, SPRUCE GROVE………………

TAMARACK COMMON ………………………

WALKER LAKES STATION …………………

WESTERRA, STONY PLAIN ………………

780-756-2970 587-520-6181 587-524-8161 780-757-3060 587-520-1293 587-520-0545 587-520-0545 780-705-6829 780-756-1246 780-756-5649 780-760-1160 780-756-9409 587-521-9111 587-521-8803 780-757-9181 780-756-0739 780-757-5308 780-997-0960 780-962-3212 587-524-8806 780-756-0723 780-963-8905

(SH) (CELL) (CELL) (CELL) (CELL) (CELL) (CELL) (CELL) (SH) (SH) (SH) (CELL) (CELL) (SH) (SH) (SH) (SH) (SH) (SH) (SH) (SH)

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CREATING HAPPY HOMEOWNERS FOR ALMOST 40 YEARS

Coloniale Estates

Since 1978, Mattamy has built over 70,000 homes in hundreds of communities that people love to live in.

We are completely committed to planning, designing and constructing the best homes, whether it’s a townhome or a large detached home filled with designer options.

Mattamy Homes is driven entirely by the wants, needs and preferences of our customers. Before each new community is launched and before we design our homes, we undertake significant market research and closely integrate consumer feedback into the design of our homes and communities.

We understand that every stage of the home buying process is crucial for your comfort. And that’s why we’re delighted so many Mattamy homeowners report such a high level of Customer Satisfaction with the sales process, construction, and post-sale experience.

We are pleased to continue our growth in and around Edmonton.

EXPERIENCE MATTAMY’S THOUGHTFUL DESIGN AND COMMITMENT IN ONE OF OUR DESIRED COMMUNITIES TODAY.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 11

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WE MAKE PLACES PEOPLE LOVE TO CALL HOME

Allentown

The Collections At Creekwood

BEAUMONT

SOUTH EDMONTON

Enjoy Affordable Country Club Living.

Coloniale Estates is Mattamy’s golf course community in charming Beaumont offering you extensive parks, playgrounds, and trails for walking or biking. Secluded for privacy but close to the city, you can choose your style of living in Single Family homes from 1,480 Sq.Ft to 2,681 Sq.Ft., from 1 to 3 bedrooms and 2 or 3 car tandem garages. Be sure to visit our award winning Showhomes in our highly sought after community.

Experience Thoughtful Design And Exceptional Value.

The Collections at Creekwood features plenty of paths to stroll or cycle, and green spaces for kids to play. Our 2-Storey Townhomes emphasize people over cars with architecturally striking rear-lane, 2-car garage designs. With full landscaping packages, 9' ceilings on main floors, plus a variety of sizes, in 2 or 3 bedroom plans for any size family – you’ll get more home and more value with Mattamy in this great community.

Visit Our Sales Centre

Visit Our Sales Centre

274 REICHERT DRIVE 780-929-1111 sls_beaumont@mattamycorp.com

8055 CHAPPELLE WAY 780-439-6252 sls_creekwood@mattamycorp.com

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Coloniale Estates

Coloniale Estates

The Collections At Creekwood

Coloniale Estates

The Collections At Creekwood

COMING SOON

STILLWATER

NORTH EDMONTON North Edmonton’s Premier Address On The Schonsee Wetlands Is Now Open.

Located in the desirable area of Schonsee, Allentown is Mattamy’s newest Edmonton community. Adjacent to the Schonsee wetlands, scenic trails, close to transportation and a variety of retail and entertainment, this neighbourhood combines natural living with a modern vibe. Choose from 3 new series of 2-3 storey Townhomes that are thoughtfully designed, with rear lane garages, upper balconies or views of the wetlands.

Mattamy is excited to announce our newest Master-plan community Stillwater in Edmonton opening in 2017. Register now for ongoing updates.

MATTAMY

VALUE PRICING

Experience Thoughtful design and Exceptional Value

Visit Our Sales Centre 16903 – 68 ST NW 780-566-0345 sls_allentown@mattamycorp.com

FOR UPDATES AND MORE INFORMATION, PLEASE VISIT US AT MATTAMYHOMES.COM/EDMONTON EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 13

2016-11-21 10:32 AM

The Best Places to Call Home

At Brookfield Residential, we’ve been creating ways and places to bring people together for the last 60 years.

But over 60 years, life has changed. We’ve become more dependent on technology and social networking to do most of our connecting.

In the craziness of it all, we’ve lost something valuable—our sense of belonging.

As homebuilders and developers, we’re making it our mission to bring back that sense of belonging. We help people to connect and find their place in this big, busy world. With thoughtful design, we create places where families, friends, and even strangers put down the gadgets, open up the blinds and get to know each other.

Our passion, integrity and community spirit fuel us to build thriving communities for Edmontonians to call home and put down roots; and our commitment to innovation, choice and affordability means that more people can find their place to belong. In everything we do, we are creating the best places to call home.

To learn more, visit www.livebrookfield.com.

livebrookfield.com

Our Communities SE

SE

Beautifully Connected

Escape Close to Home

In The Orchards, the true beauty is in the details we’ve perfected to make this southeast community feel like home. Residents enjoy parks, fragrant orchard trees, walking paths and a Residents’ Association (RA) featuring a playground, tobogganing hill, tennis courts, NHL-size rink. New K-9 school and RA building open in 2017.

Edmonton’s only lakeside community is on track for completion by 2018. Access to the beach and the 32-acre lake are year-round when you live here. Activities include fishing, sailing, swimming and skating in the winter. Great shopping and amenities are just around the corner.

New K-9 school opens in September 2017.

Homes from the low $200’s with Townhouses, Duplexes, Rear laned, and Front Garage.

Homes from the low $320’s with Duplexes, Rear laned, Front Garage, and Estates.

theorchards.ca

lakesummerside.com

SW

SW

Grow Together

Discover Our Difference

Nestled next to Whitemud Creek Ravine, in Heritage Valley, Chappelle Gardens features everything you need in one community. Natural wonders like an urban village park with community gardens, tree-lined paths, and a Residents’ Association with a spray park, picnic area and NHL-size rink. New K-9 school open in September 2017.

Artistic style and creativity come to life in the southwest community of Paisley, where a mix of traditional and modern architecture creates vibrant and varied streetscapes. Walkability is a key aspect in Paisley, with paths, parks and green spaces. Residents enjoy innovative art, a playground and endless amenities nearby.

Homes from the low $200’s with Townhouses, Duplexes, Rear laned, and Front Garage.

Homes from the low $200’s with Townhouses, Duplexes, Rear laned, and Front Garage.

chappellegardens.com

paisleycommunity.com

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Instant Connections

Home For All Seasons

Just minutes from west Edmonton’s finest shopping, recreation centres, schools, golf courses and everyday services—via Anthony Henday and Whitemud Drive—Edgemont offers immediate access to work, life and play. Nature is just as as convenient with Wedgewood Creek Ravine—a 5km wildlife corridor—nearby.

Our newest community in the Northeast is nestled next to the Schonsee wetlands, there’s everything your family needs all within minutes away. It’s a friendly place where you won’t hesitate to wave at the neighbours.

Homes from the low $320’s with Townhouses, Duplexes, Rear laned, and Front Garage.

MyEdgemont.ca

Homes from the mid $300’s with Duplexes. solsticeliving.ca

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Our Homes

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ANTHONY HENDAY building them in Edmonton 15 years ago.

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Four amazing product types in 5 amazing communities.

VICTORIA TRAIL

Especially the new homes Edmontonians need to fit their busy lifestyles. Brookfield Residential uses new SOLSTICE 167 AVE materials and processes, designs spaces differently and expects more from our communities than ever before.

216 But one thing hasn’t changed: home is still home. Home buyers still look for a place where they can escape the 28 world—or invite it in—a home that fits and provides a place for them to belong. 15

16 142 ST

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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.

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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).

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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.

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.

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.”

“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.

VISIT OUR SHOW HOME IN TUSCANY HILLS

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

www.pompeihomes.com 780.457.4800 19

TR E N D I NG

The Starbucks Effect Spotting the next ‘it’ neighbourhood

by SONIA BELL The “Starbucks Effect” has become a

well-known real estate phenomenon. The premise is that if the popular coffee shop opens its doors in a neighbourhood, it’s a sure sign that the area has arrived.

But does Starbucks really have this kind of effect, or is it all the other factors that come before it that attracted Starbucks in the first place? In other words, Starbucks isn’t symptomatic of an area on the rise, it’s the final stamp of approval. And, if this is the case, the key to a good real estate investment is to get in before Starbucks.

Realtors often say that a good investor will “follow the money.” According to Shannon P. Murree, sales representative at ReMax Chay Realty Inc., Brokerage in Barrie, Ont., “It’s always better to get in before the Starbucks because you want to be ahead of the game – before the numbers or the market catches up.”

If an investor buys into a market prior to Starbucks, chances are, the money has started to come, but hasn’t yet peaked.

The evolution of a neighbourhood involves a multitude of factors, including population, employment and wage growth, infrastructure improvements and land and housing development.

One way to foresee an increase in such factors is the arrival of large retailers; these organizations select locations in a meticulous fashion based on data, research and demographic information. “(Retailers and builders) that are going to be developing in that area have already done all the market research to make sure it’s worth their while before making that kind of investment,” says Murree. Such retailers enter a neighbourhood because their research – insight into city planning and economic development, for example – indicates the economy and employment there are expanding. These retailers play an important role in providing additional jobs, servicing the growing community 20 YPNEXTHOME.CA

“It’s always better to get in before the Starbucks because you want to be ahead of the game – before the numbers or the market catches up.” and affording the kind of amenities builders count on when they market new developments.

The presence of major retailers is an important part of the selection process for builders and developers. “The absolute truth in land acquisitions is that there is an ordering to how we pick locations (neighbourhoods),” says Brian Johnston, chief operating officer at Mattamy Homes, Canada’s largest home builder, with lowand highrise communities in Ontario and Alberta, as well as in the U.S. “Generally, the neighbourhood picks us, as opposed to the other way around.

“As an example, we may want to build townhouses in tony Forest Hill in Toronto.

However, it is likely that the best we will find is a highrise site on the periphery of that neighbourhood. Sites get brought to our attention and we vet the opportunity.

We assess things such as schools, parks, transit, roads and shopping to determine whether the opportunity is a viable one. There are vast differences in the availability of services and amenities when comparing greenfield communities on the urban fringe, compared to infill sites, but this is reflected in the selling price of the homes.”

One way developers maximize their proximity to retail is by developing “mixed-use” condominiums, where retail is located within the building itself. Take, for example, Ice District in Edmonton. Once complete, the ripple effect will ensue.

People will want to live in the development to have direct access to the amenities. It’ll also bring foot traffic from other nearby areas, which will spark more development from retailers who also wish to be near that increasing traffic.

Of course, these communities take time to develop. But once they’re complete, buyers who get in at the right time could be rewarded with price appreciation, as well as an attractive product for renters.

NOVESTA W

hat does it take to make a Power Team? Danny S. Pereira and Mark M. Martel, that’s who, not ‘what’.

Together, these two amazing men have found the perfect combination and with it created the evolving ‘Novesta Construction Ltd.’ This dynamic duo have taken their strengths and made a solid foundation for success in everything they touch.

Born in Montreal and raised in Portugal, Danny S. Pereira’s strength and discipline comes from his Portuguese immigrant parents who came to Canada with empty pockets but hearts full of dreams and the backbones to fulfill them. They instilled in Danny a strong work ethic and community involvement, the same attitudes that brought them success in their maintenance business. He has always believed that it is not enough to be the ‘boss’, anyone can be a boss, but his aim is to be a good leader.

A good leader recognizes the need for different approaches for different individuals, shares in the credit, listens, trusts his team and above all communicates. Danny continually strives to be a good leader and mentor that will not just make successful businesses but will make a positive difference in people’s lives.

These values, combined with his meticulous attention to detail created the foundation of Danny’s companies, Jord Development Group and PnP Coatings.

PnP Coatings, a full-service insulation, spray foam insulation and fireproofing company that serviced industrial, commercial, and residential sectors brought Danny in contact with businesses throughout Alberta, B.C. and Ontario. Danny’s experience extends in the capacity of Project Manager, Estimator and

Safety Management for some of North America’s largest General Contractors in the Commercial, Industrial and Residential sectors, providing a solid foundation for Novesta. When Danny sold PnP Coatings, he decided it was time to get back into the development and building industries and that is when he met partner, Mark M. Martel.

Meanwhile, Mark M. Martel, credits his entrepreneurial parents, as well, for recognizing early his merits as an entrepreneur. When he was found running a mini supply store out of his desk in grade one, they encouraged him to follow the entrepreneurial path that has lead him to the success he experiences today. By the time he was 18 yr. old, Mark was successfully involved in buying and selling real estate and that was the beginning of his dream.

In spite of his many early successes, he has never lost sight of what is truly important to him: God, family and then his businesses. After leaving university, Mark focused his very accurate aim on starting a real estate development company. A 22 year old real estate developer, one of his first projects was a Manhattan style condominium project in downtown Edmonton that remains his pride and joy.

Mark possesses an excellent understanding of the process of real estate development and establishing relationships with investors. Mark believes that his success is due to the teams he works with. He loves to network and can be seen at many of the Edmonton Networking groups, sharing ideas. “No one person can do this themselves. I love joint ventures – I love to be able to share what I do with other people; if I can help someone EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 21

else become successful, then I’m successful.” “My passion is building. When you build something, you alter the skyline, and it’s going to be there for generations to come.”

When Danny S. Pereira and Mark M. Martel joined in partnership, they grew Novesta from a small company to a medium sized company in just two short years. It was then they realized that their very different personalities and abundant experiences combined were to be the backbone of the company.

Novesta is a client-focused Real Estate Development, Construction Management, General Contracting and designbuild firm serving the Edmonton and Alberta areas. The thirtyfive plus years of combined experience in the development and construction industries has helped the Novesta team complete various sized projects on time and within budget.

Danny and Mark have recently added a construction building envelope specialist to their core team; together, they offer superior quality and value regardless of project size, complexity or scope. Novesta’s areas of focus include a full range of ground-up disciplines and all interior tenant improvements.

Novesta’s specialties include: commercial and residential land development, commercial construction, multi-family and singlefamily home building, infill construction and restaurant projects of the highest quality and standards.

The success of Novesta is based on its ability to understand and exceed building requirements of its clients in a professional and service-oriented manner. Danny’s meticulous attention to detail and Mark’s networking personality combined with their hands on approach ensures each project is performed safely and in accordance with client specifications. Their integrity, dedication and ability to exceed expectations fortifies Novesta as an industry leader.

As a unit, Danny and Mark realize the importance of partnering with qualified architects, engineers, interior

designers and experienced trades people, and their choices are demonstrated in their projects whether they be infill, commercial, renovations, or residential/multifamily. Novesta believes its clients’ projects should reflect their unique personality, tastes and lifestyle. With that in mind, Novesta projects are constructed of quality materials by skilled craftsmen under careful supervision, providing clients a result of which they can be proud. Regardless of the project size, Danny and Mark, constantly monitor the site progress in person and they are not afraid to roll up their sleeves and pitch in when needed. Each member of the Novesta team, employees, suppliers, sub-trades and professional support services are dedicated to making the building process a positive experience for all.

Such a positive experience can be attested to by the owners and patrons of countless construction projects, and restaurants that got a new lease on business with the outstanding work completed by Danny, Mark and their team. The Sushi Shop, Thai Express, Jef’s Café, to name a few, all experienced exciting enhancements that resulted in pleasing increases in business and community support. But Novesta’s talents exceed far beyond these projects. They recognise that commercial and residential projects are more than just another structure, they are part of the community, part of the skyscape and part of the future. Just consult the Novesta website for examples of their unyielding dedication to quality and thoughtful planning.

Strength and stability lie in a sound foundation, whether it be a relationship, a building or a business. Danny S. Pereira and Mark M. Martel have meshed their strengths and stability in creating a versatile company without compromising quality or integrity.

They have created Novesta Construction Ltd. on a very sound foundation that will proudly continue well into the future skylines.

For additional Information and photos consult the website www.novesta.ca Danny S. Pereira 780.504.1177 I danny@novesta.ca Mark M Martel 780.993.1327 I mmmartel@novesta.ca

W H I T E

E AG L E

H O M E S

Luxury

Customized

by Salina Yara Halabi

W

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 24

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’ Association – 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 & 2015.

4 Time WINNER of Alberta Awards of Excellence Builder of the Year 2011 & 2012 Small Volume Builder of the Year 2013 & 2015

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W H I T E

E AG L E

H O M E S

Visit one of the following showhomes to see the White Eagle quality firsthand.

NORTH EDMONTONSCHONSEE Sandstone 17116 - 75 Street Opening Spring 2017 SOUTH EDMONTONALLARD 475 Allard Boulevard Sandstone Model SOUTHWEST EDMONTONWESTPOINTE OF WINDERMERE “Blue Diamond” 5112 Woolsey Link

780-456-5393 Cell 780-497-8998

www.whiteeaglehomes.ca White Eagle is currently building their beautifully designed homes in the following communities: Schonsee, Allard Estates, Tuscanny Hills, and Westpoint 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.

For showhome information or to learn more about White Eagle Homes visit their website at whiteeaglehomes.ca.

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ALQUINN HOMES

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CH BA AL B E RTA

New era for energy efficiency

by DONNA MOORE THE ENERGY EFFICIENCY of homes is

getting plenty of media attention these days as the provincial government focuses on reducing greenhouse gas emissions.

At a recent news conference, Municipal Affairs Minister Danielle Larivee highlighted the transition to new construction codes for buildings.

“A more energy efficient home is a comfortable home, one that keeps the heat in, the cold out and money in your pocket. These new requirements will ensure that Alberta continues to be a leader in the fight against climate change and a competitor in the carbonconstrained economy,” Minister Larivee told reporters.

Changes included updating or adopting a half dozen codes, including building, energy and electrical standards. Alberta’s buildings of all types – residential, commercial, industrial and institutional – are responsible for about seven per cent of greenhouse gas emissions.

For new-home buyers, this will mean more energy efficient windows, lighting, building envelope, insulation, heating, service-water heating, ventilation and air-conditioning.

In addition to lower energy bills, homes will be more comfortably and evenly heated. Tighter air sealing will have another benefit – quieter homes that screen out more noise from outdoors.

While the code changes may be news to Albertans, they come as no surprise to CHBA members who make it a priority to stay on top of changes in the industry.

Builders have been getting ready for the recent energy efficiency code changes for the last couple of years and many were already exceeding the new code requirements when they took effect on Nov. 1.

Development of new energy codes starts with the National Research Council and includes a procedure that gathers input from all three levels of government, the construction industry and the public.

30 YPNEXTHOME.CA

It’s a rigorous process that dates back to development of the first National Building Code in 1941, when construction technologies and techniques were vastly different from today. To ensure that the latest innovations are applied safely, a new edition of the national code is published about every five years.

That means new codes are always coming down the pipe for adoption by individual provinces. For example, updated natural gas and private sewage codes kick in on Jan. 1 and a new round of energy efficiency changes is already in the works that will continue to raise the bar for new homes.

Construction codes are just one of the increasingly complex challenges involved in putting up a new home these days.

CHBA members in Edmonton meet monthly to hear expert presentations to help them keep ahead of the curve.

The annual Residential Construction

Industry Conference provides technical presentations on advancements in building science and updates from suppliers and manufacturers on the latest technologies.

Check out the resources at the chbaedmonton.ca to learn more about the advantages of owning a new home and to find builders who take pride in staying at the forefront of innovation.

Donna Moore is CEO of the Canadian Home Builders’ Association – Alberta. CHBA – Alberta represents over 1,600 business members including new home builders, renovators, developers, trade and supply companies, and professional services.

Exceptional Communities to Call Home

In our exceptional communities, streets aren’t just planned for commuting cars. They’re also rinks for street hockey.

Trails aren’t drawn just to connect green spaces. They’re 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 nesting birds.

As the largest developer in the region, we build communities where people love to live. This means not just excellent locations, but also outstanding quality of life.

Qualico Communities are where lives are lived, families grow up and memories are made to last a lifetime.

For more than 65 years, we’ve been developing communities with pride. We understand that a solid foundation is always the key to greatness. Which is why we put strong vision, planning, and ample resources behind every project. We know we’re creating more than

neighborhoods. We’re developing a place where you’ll make memories. So we go beyond the status quo.

With skilled expertise in technology, design and service, we take pride in creating exceptional communities to suit all lifestyles. By offering diverse new home styles and access to amenities such as soothing creeks, naturalized ponds and safe playgrounds, there’s truly a community for everyone from the trusted name of Qualico Communities.

We create a place for life. We create what we believe in.

We create exceptional communities for you to call home.

Visit qualicocommunitiesedmonton.com to learn more.

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SOUTHEAST EDMONTON The total family package. Conveniently located in southeast Edmonton, this affordable family-oriented neighbourhood is full of parks, green spaces and trails. There’s even a beautifully landscaped pond! You get peace of mind while your kids have space to safely run, play and grow.

Homes offered by eight outstanding builders. New K-9 school, Svend Hansen, opening in 2017.

• Single family, duplexes and townhomes available • Pacesetter Homes, Sterling Homes, Landmark Homes, StreetSide Developments, Victory Homes, Coventry Homes, Parkwood Master Builder, Impact Homes by Coventry laurel-crossing.com

SOUTHWEST EDMONTON Located in the highly sought-after area of Windermere, this trendy neighbourhood offers proximity to cool restaurants, shopping, movies and more! Choose between a gorgeous Executive home with spacious floor plans and high-end finishing or the super-unique Streetscape home with beautiful front porches and unparalleled curb appeal. New K-6 school, Constable Daniel Woodall, opening in Fall 2017.

• Executive, Streetscape single family and townhomes available • Pacesetter Homes, Sterling Homes, Marcson Homes, Augusta Fine Homes langdale-windermere.com

NORTHEAST EDMONTON A community that stays active year round! Enjoy fully integrated walking paths, parks, ponds and green spaces. The All Seasons Park includes an outdoor leisure rink, spray park and more. Moments from the Clareview LRT station and easy access to major commuter arteries and shopping centres, all rolled into one fantastic community. 2016 Excellence in Housing Awards – Winner for Best New Community.

• Single family homes and duplexes available • Pacesetter Homes, Daytona Homes, Rohit Communities, Sterling Homes, Coventry Homes cybecker.com

WEST EDMONTON Opening in the Fall of 2017, this neighbourhood is “upland” from the North Saskatchewan River. The neighbourhood will feature beautiful pond, creek and ravine backing lots, the opportunity for walkouts and an intertwining trail system. Choose from Executive style and Streetscape single family homes or town homes.

• Phase one builders: Coventry Homes, Homes by Avi, Jayman Master Builder, Augusta Fine Homes, Kimberley Homes • Phase two builders: Daytona Homes, StreetSide Developments, Sterling Homes, Pacesetter Homes, Coventry Homes liveintheuplands.com

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NORTH EDMONTON Your home is your modern-day castle. Imagine a peaceful community pond, playground and luscious green spaces with landscaped walking trails. Newcastle is a community for families who want a calm neighbourhood away from the hustle and bustle but within walking distance to the modern conveniences that Edmonton’s thriving north side has to offer.

• Single family and duplexes available • Coventry Homes, Sterling Homes, ReidBuilt Homes, Pacesetter Homes newcastle-edmonton.com

SOUTHEAST EDMONTON A dream community that stays active close to home. Family-oriented Tamarack Common makes life easy with great schools, shopping, sports fields, parks and a golf course minutes away. The brand new Meadows Community Recreation Centre is located across the street.

• Single family, duplexes and townhomes available • Sterling Homes, Pacesetter Homes, Parkwood Master Builder tamarackcommon.com

SOUTHWEST EDMONTON A new home community nestled in natural Heritage Valley just south of Ellerslie Road. Bask in the warmth of family and friendly spirit in this peaceful community, which boasts serene landscapes, endless recreation opportunities, and shopping and entertainment minutes away. New K-9 school, Donald R. Getty, opening in Fall 2017.

• Single family homes and duplexes available • Pacesetter Homes, Sterling Homes, Prominent Master Builder

SOUTHWEST EDMONTON A dream opportunity in a brand new community!

Break new ground in Glenridding Heights, located in a new area of Southwest Edmonton, with the same great access to shopping, recreation and services.

• Single family, duplexes and townhomes available • Sterling Homes, Coventry Homes, Pacesetter Homes liveinglenriddingheights.com

crimsonincreekwood.com

EDMONTON REGION COMMUNITIES Fantastic neighbourhoods in thriving cities and towns packed with charm, combining full services, green spaces, convenient commutes and peaceful lifestyles. Family friendly and affordably priced, the following communities are also within commuting distance of Edmonton: Town of Beaumont: Ruisseau Town of Devon: South Ravines City of Fort Saskatchewan: Forest Ridge and Sienna

City of Leduc: Meadowview Sherwood Park: SummerWood City of Spruce Grove: Springate Town of Stony Plain: Westerra, Silverstone and South Creek Town of Hinton: Alpine Ridge offers breathtaking mountain views and is perfectly situated on the town’s only golf club.

CHRISTENSON

DEVELOPMENTS Building A Legacy Of Sustainable Communities Christenson Developments Ltd., An differing Edmonton-Based Company, Originated CHRISTENSON meets lifestyle More Than 30 Years Ago By Lloyd Christenson. Working with his son Greg, Lloyd’s dream of its has urban villages creating needs quality homes forin real people long since come to fruition. When Lloyd retired, Greg Christenson and co-owner, Peter Dirksen took this leading developer and multi-residential building

by Heather Ryan company to another level.

They developed a philosophy that not only ensured a successful company but fulfilled Lloyd’s dream beyond anyone’s expectations. The company philosophy is based on three pillars - financial, social, and environmental Christenson Developments Ltd., an Edmonton based company, responsibility. This foundation for some theyears most progressive communities in and around Edmonton. was accounts started more thanof45 ago by Lloyd Christenson and working Greg Christenson’s passion for building ‘right; and focusing on the community had resulted in awards for a number with his son Greg, Lloyd’s dream of creating quality homes for real people of these projects includinghas Raillong Town, a modern housing development, Creekside, the site of a former since comedowntown to fruition.

Gainers meat packing plant in the Mill Creek area, and Centre in the Park, an urban village mixed use community.

When Lloyd retired, Christenson, president and co-owner with Peter Dirksen, took Christenson Developments hasGreg received at least one of these awards every year for the past 10 years. this leading developer and multi-residential building company to another level.

Greg believes in giving back to the community.

Christenson Developments supports many local They developed a philosophy that not only ensured a successful company, but charities fulfilled and encourages others to do the same.

But it is not enough to donate to charities, Christenson feels a Lloyd’s original dream beyond anyone’s expectations. The company philosophy isresponsibility to actively promote socialpillars: awareness of the social aging population, strains on healthcare, youth issues and a need for based on three financial, and environmental responsibility.

This foundation accounts for some of and the most and aroundGreg Edmonton andtalk about refocusing on principles, values social progressive responsibility communities in the collectiveincommunities. doesn’t just Greg’s passion for building “right” and focusing on the community has resulted in awards change; he walks the walk in striving to create communities with family values, healthy environment, opportunity for for a number of these projects. the aging and youth.

Christenson Developments prides itself in providing people with a variety of lifestyle In 2013,choices: 88 new assisted living living residences be added villas in twoand phases to the Royal Oak in Lacombe. This active adult with will bungalows estate condos; andproject independent project living will consist more life-lease condo space; as well, it willInhave a much needed in lifestyle nursing staff. and of assisted living retirement communities. many cases, theseincrease different choices brought together urbanUniversity village concept, says.

The Royal Oak isare purposely located near in thetheir Canadian College toGreg facilitate integration of young and

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The Name In Active Adult Living

old cultures, access to libraries, fitness centres and theatres.

“The goal of these communities is sustainability,” Christenson stressed. “The locations that we’re building these in need to be sustainable and it needs to be part of a sustainable community. It needs to integrate those elements to work really well.”

Christenson Developments prides itself in providing people with a variety of choices: to own, to rent, to life lease or Designated Assisted Living services. These choices are created with the knowledge that not only are Christenson clients 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.

These are unique communities designed with empty-nester homes or condos, then optional assisted living and the full care facilities all within the same community so people never need The urban village conceptfamily focuses on creating to move away from beloved and friends as their housing the complete sustainable community, not just needs change. Christenson Developments is a passionate the bricks and mortar of a building, so it contains leader in developing sustainable communities and a top multiwalkways, parks and pathways, along with transit, residential with a reputation to none. shops andbuilder professional servicessecond that people need, he explains.

Christenson Developments focuses on the finished community, “Having a centre core of single-family not just the bricks and mortar of a building.homes Increasingly, surrounded by higher density homes creates more studies are being released revealing that a successful a more walkable community and increases community must green spaces order for people to affordability andcontain even the option ofinhaving just thrive.car,” Thehe ‘Landscape andresidents Human Health’ laboratory, one adds since have the ability in the to walk toofall amenities publicbetween transit, green University Illinois, studiesand the take relationship “which is also good for the environment.” spaces and human health.

Their studies have produced a staggering range of outcomes from nature deprivation, These “Our goal for the urban village is to provide disturbing outcomes range from earlier mortality for older housing for 10,000 to 20,000 people because you adults, increased symptoms in children, need 10,000 to physical attract aailments, groceryADD store and other PHOTOS LEFT TO RIGHT, TOP TO BOTTOM: DEVONSHIRE CAFE, GREG CHRISTENSON, PETER DIRKSEN, GLASTONBURY INTERIOR as well as, affected cognitive functions.

The positive amenities that best serviceand thesocial various lifestyles within the community.” effects of nature in cities have even been demonstrated to reduce both physical and verbal aggression. With up to six Greg Communities also hours notes a day inthat frontChristenson of TV and computers, children are not practices “Wellness Principles” in developing their familiar with the most rudimentary aspects of nature. Those urban villages, which include exercise and social These villas are ideal for people, such as emptywho do not have the nature experience, in a living small way,nesters or down-sizers, who want to move out of interaction to encourage active and even healthy willimprove not have residents’ the desire orsatisfaction the knowledge protect today’s their single-family homes, maximize their quality to andtotheir overall quality of life. environment tomorrow. time and enjoy a maintenance-free lifestyle.

Christenson is Developments in the process of developing

By Christenson designing communities with An alternative to the bungalow villas, Greg says, is a number urban villages in and around the the estate condos that range from one bedroom green spaces they are not just making ‘pretty park areas’ Edmonton area. Two examples of its semiand one bedroom plus den, to two bedrooms and with nice homes; rathervillas they are healthy habitat two bedrooms plus den configurations. Examples detached bungalow arecreating River’s aEdge Villas that is as important as properthe dietVillas and exercise.

With properof these estate condos include Eton Park Estates in south west Edmonton, at Lacombe Park in St. Albert and our up andofcoming landscaping, considerate integration homes project and retail in Emerald Hills Urban Village in Sherwood Park in Spruce Grove, Heritage Creek. development, crimecalled is reduced, health improved and generaland Reflections in Sherwood Park.

CDLhomes.com

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“

Christenson Developments focuses on the finished 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 in order for people to thrive.

”

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 activity in order for people to thrive. community well-being is increased.

Theand overall return is spaces not only financial but in producing healthy minds and bodies for tomorrow.

Village Hills in south Edmonton,” GregChristenson comments.

Christenson Developments Greg Christenson is very proudalso of hisoffers involvement with the Emerald Urbanwest Village, which includes Christenson is also expanding these housing independent living and assisted living retirement Development’s luxurious Eton Park Villas. In a previous interview Greg Christenson was quoted: “The project’s styles to other attractive communities that include communities, which offer optional services such goal is to demonstrate that demand-side servicesMews and infrastructure result smaller Timberstone in northeast RedinDeer, Park as dining, housekeeping, laundry, andapproaches personal to municipal scale and Examples lower costsof than current development and can foster long-term sustainable lifestyles, provide Avenue in Rocky Mountain House, RoyaltoOak in services. these projects includepatterns the homebuyers with dwellings built throughVillage energy-efficient, practices that minimize impact to Lacombeconstruction and Whitecourt Downtown in Whitecourt.

Village at Westmount, Glastonbury in west sustainable Edmonton and BedfordThe Village in Sherwood the natural environment.” pathways throughoutPark. the Emerald Hills community to recreational and retail ventures “Wefamiliarity have found baby boomers need is reduce the need for vehicles, increase exercise, and encourage with what neighbours. different from previous generations,” he adds.

“The independent living and assisted living “They want to be more active, more independent, projects are designed to accommodate aging in The many communities Christenson has developed been stimulated a part of creating will bemore an example forso others and have choices we’reto place such as Citadel that Village in St. Albert, which andmore follow the, hopefully,Hospital, near future. striving to meet those needs.” is nextinto Sturgeon and Devonshire

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The Name In Active Adult Living

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

These residential buildings provide a range of same community also means people never need amenities such as a beautiful dining room, a family to move away from their family and friends as party room, exercise room, movie theatre, games their housing needs change. room – all designed to allow residents to be active and social.

Christenson Group of Companies also believes The Emerald Hills Urban Village concept focuses on four SuN principles in the in (Sustainable giving backUrban to theNeighbourhood) community and it supports creation of the community of humans and nature.

Striving to achieve and maintain a relationship between nature and As well, by offering Alberta Health Services many local charities and actively promotes humans is the first The secondservices is to endeavour dependencies on nonrenewable resources. The funded care, andprinciple. other supportive such to reduce social awareness of the aging population, as senior specific care, home caresolutions and memory onmanufacture, healthcare, and youth issues andsuch a need third principle is “…‘cradle-to-cradle’ and activities strains in design, consumption that a care for dementia and Alzheimer’s, married for a refocus on principles, values and social substance produced by society does not accumulate in nature.” Lastly, the fourth principle is to “work towards social residents can also age together with pride. responsibility in the collective communities. Greg solutions and activities to allow every person to meet basic needs and achieve their potential in life…” doesn’t just talk about change, he strives to Having urban villages designed with bungalow create communities with family values, healthy These principles hand and in hand with Christenson Development’s Mission Statement whichfor concentrates villas and estatework condos, then optional environment and opportunity the aging on building lasting respect, accountability, networking, quality of life and above all, assisted livingrelationships, and full-caretrust, facilities all communication, within the and youth. sustainability. These are not just words... they are 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 more information about Christenson Developments, For more information about Christenson Developments, visit visit CDLhomes.com CDLhomes.com

CDLhomes.com

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M O N EY M AT T E R S

Owning versus renting

by GAIL VAZ-OXLADE THE HOUSING MARKET has had its ups and downs, with people panting for good investment opportunities. Slow down and consider all the angles before you dive into homeownership.

THERE’S SOMETHING ABOUT MONEY

Did you see that? The issue has shifted from “shelter” to “profit.” That’s because people believe that a home is a good investment.

While money is a key consideration, it shouldn’t be the only consideration.

If you’re going to make the move from renting to buying, look at the dollars and cents.

First there’s the straight calculation that compares the cost of carrying your own home (your principal and interest payments and property taxes) with the cost of renting one.

Renters aren’t responsible for maintenance. Homebuyers also need to consider closing costs which include legal fees, land transfer tax, and other miscellaneous expenses that you avoid by renting. First and last months’ rent is also a ways smaller than the typical down payment on a home.

Of course, when you own, no matter how small the principal portion of your mortgage is (and it’s minuscule in the early years), as long as the market is stable, and you’re not looking to make a quick sale, homeowners are building equity and increasing their net worth with every mortgage payment. And when you sell your principal residence one day, the money earned is tax free.

“While money is a key consideration, it shouldn’t be the only consideration. If you’re going to make the move from renting to buying, look at the dollars and cents.”

Homeownership is a responsibility that also brings a ton of warm, fuzzy feelings.

It means you can put down roots. You have complete control of your environment so, yes, you can paint your living room red.

LOCATION, LOCATION

Buying a home in a neighbourhood you don’t know well is one a common mistake.

If you’re new in town, consider renting for six months or a year to get a feel for the area. If you like living there, you’ll feel more comfortable buying a home.

There are a number of financial factors to consider when it comes to buying versus renting. But the decision involves much more than just running the numbers. You’ve also got to look at the emotional rewards and challenges of each alternative. I’ve been a renter and I’ve been an homeowner, and overall I like ownership more.

IT’S A WONDERFUL LIFE

When I was in my 20s, I lived in a neighbourhood that was suited to a single girl hell bent on a good time. Back then, renting was the perfect solution: one of limited responsibilities and commitment. Renting is virtually a worryfree existence — assuming you have a decent landlord.

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STEADY AS SHE GOES

Your employment prospects should be stable before you consider buying a home.

Homeownership requires a number of regular payments – mortgage, property taxes, utilities, maintenance and insurance.

Missing any of these payments can trigger dire consequences.

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade.

CREATING COMMUNITIES FROM THE GROUND UP

Walton Development and Management LP (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.

Walton communities are comprehensively designed in collaboration with partners, neighbours and municipalities for the benefit of all community stakeholders. Walton’s goal is to build communities that will stand the test of time: hometowns for present and future genhhherations.

Walton is actively building five communities in Edmonton – Hawks Ridge at Big Lake, McConachie, VITA at Crystallina Nera, Henley Heights at Secord and Woodhaven - Edgemont – with another new community scheduled to be launched in 2018.

…responsibly transition land into sustainable communities where people live, work and play.

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HOMETOWNS FOR PRESENT AND FUTURE

GENERATIONS

Hawks Ridge at Big Lake

VITA at Crystallina Nera

Semi-Estate | Front-Attached Garage | Semi-Detached | Rear-Laned

Rear-Laned | Front-Attached Garage

Located north of Yellowhead Trail on 215 Street in Edmonton’s desirable west end, Hawks Ridge is a nature lover’s paradise. The community is home to more than 100 acres of preserved land, ponds and forests and is adjacent to Big Lake and the Lois Hole Centennial Provincial Park. The community is ideally situated in proximity to the Yellowhead Trail and Anthony Henday Drive interchange, allowing easy access to St. Albert and downtown Edmonton.

Residents also benefit from a school site, existing retail and commercial amenities nearby and extensive walkways that ensure connectivity between homes and the natural amenities. Two planned retail sites will further increase the convenience of living in the community.

Discover Hawks Ridge at Big Lake with homes starting in the $350,000s.

HawksRidge.ca

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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 as one of Edmonton’s first master-planned communities to offer a modern architectural style influenced by urban contemporary design. There are many existing restaurants, recreational facilities, transit centres and shops just a short drive away and residents have the opportunity to enjoy the natural areas and lakes nearby. The community also has easy access to Anthony Henday Drive for convenient travel throughout Edmonton.

Offering great value, new homes start in the low $330,000s.

LiveAtVita.com

McConachie Condominiums | Rear-Laned | Front-Attached Garage | Front Garage Semi-Detached McConachie is a family-oriented community nestled within bustling northeast Edmonton. Careful planning right down to neighbour-friendly cul-de-sacs, back lanes and a strong architectural style give the homeowner pride in the community. A focus in the community is the 40 acres dedicated to a district recreational campus, consisting of two school sites, the first of which is under construction.

With enrollment expected in 2017, residents of McConachie are ready to welcome the K-9 school to the neighbourhood. The community is minutes from Anthony Henday Drive and recreation centres and has shopping across the street. The new playground and two parks tie into existing pathways for immediate enjoyment.

Establish yourself in McConachie with homes that start in the $340,000s.

McConachie.ca

Woodhaven - Edgemont Front-Attached Garage | Condominiums Located in desirable west Edmonton, 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.

Next up for Woodhaven is the development of Stage 2.

WoodhavenEdgemont.com

Henley Heights at Secord Semi-Detached | Rear-Laned | Front-Attached Garage 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 from an era of good neighbours who create a good neighbourhood. Henley Heights is minutes away from Anthony Henday Drive, Stony Plain Road and Whitemud Drive, and is in proximity to the wide range of desirable west Edmonton shopping, restaurants, entertainment and recreational amenities. The development of Stage 2 includes a K-9 school, which is under construction. Edmonton Public Schools anticipates opening the school doors to the community in 2017.

Showhomes of various styles and sizes suit anyone from young couples to growing families. New homes start in the $340,000s.

HenleyHeights.ca

Marquis Located in north Edmonton, Walton will introduce Marquis as Edmonton’s newest small town as early as 2018.

To learn more about Walton’s communities in Edmonton visit

Walton.com

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TR E N D I NG

We shoot, we score!

New arenas boost real estate values

by WAYNE KARL

HIGHLIGHTS OF THE REPORT INCLUDE:

NOW THAT ROGERS PLACE is open, Edmontonians have a lot

more to celebrate than just a new arena and a hockey team on the rise.

A recent report suggests the city could be in for a bit of a boom, as such new sports facilities actually boost surrounding real estate values.

The one key proviso is that tax increases to help foot the bill can’t be part of the plan.

The Impact of Stadium Construction on Real Estate Values, from the Real Estate Investment Network (REIN), explores the effects – positive and negative – new arenas, such as the newlyopened Rogers Place in the Ice District in Edmonton, have on real estate values.

42 YPNEXTHOME.CA

• An arena’s positive impact on housing values can be felt most within a five-km radius and has the largest effect when appealing architecture, community plazas, park landscapes, retail, commercial and entertainment spaces, and the stadium’s construction itself are incorporated into its design.

• A negative effect on property values is felt when the costs of a proposed stadium necessitates the increase of property taxes.

• Homes in neighbourhoods close to new stadiums, on average, have premiums ranging between three and 15 per cent, depending on the different types of housing, parking options and the distance from the facility.

• Housing values increase on average 1.75 per cent for each 10-per-cent decrease in distance from a stadium, with the positive price increase being highest for homes closest to the stadiums and decreasing gradually outwards within the fivekm radius.

When a stadium is located outside the downtown core, and is not connected to any other economic development activities or urban redevelopment program, residential properties around the facility will still see a positive increase in value. However, this increase will not be as dramatic as those that are built in, or with nearby accessibility, to the Central Business District. …Continued on page 46

gets

G R A N DE R

By Alldritt Land Corporation LP

O

ver the past seven years, Granville has enjoyed a tremendous amount of success in each stage of development with little indication of this slowing down despite a pause in some economic sectors. In fact, recently released lots in Stage 12 are already 76% sold. With this incredible popularity, coupled with the convenience of a great location adjacent a new K-9 school, 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 estate section, which brings 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

43

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 war front 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

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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 run by Stan Alldritt Jr. who carries on his father’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 73 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 front attached and rear detached duplexes, bungalow and two-storey executive duplexes, single family homes and refined

estate properties. Last year, Stafford Greens added a 4-storey concrete and steel condominium to the mix which is presently under construction. Granville has five premiere single family home builders (Alldritt Homes, Bedrock Homes, Crimson Cove Homes, Pacesetter Homes, and San Rufo Homes), and a variety of distinguished estate builders to choose from, including some estate lots open to other qualified builders of the homeowner’s choosing. This exciting combination of award winning builders and public 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 new K-9 public school and park site located right in Granville that is scheduled to open in fall of 2017. There are also 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 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, two playgrounds, 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! For more information, please visit our website at www.mygranville.com.

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Continued from page 42

While proximity to the stadium usually results in the largest price increases, the regular presence of fans may lead to a constant source of noise, incivilities, traffic congestion and a scarcity of parking. These are all factors with the potential to create a price depreciating effect.

The conclusions are somewhat surprising, given previous perceptions that such projects yield little real economic boost, and that a city’s health depends mostly on its economic fundamentals and infrastructure.

“The presence and subsequent impact on the value of infrastructure is quite unrelated to the economic fundamentals, which reign as having the most impact on real estate values in the short, medium and long term,” says Melanie Reuter, REIN’s director of research.

The findings regarding arenas can be likened to the impact of transportation improvements such as LRT stations, she adds.

“Think of the infrastructure findings (transportation and arenas) as a micro effect, compared to broader and deeper fundamentals. So, once you choose a place to invest based on strong fundamentals, give yourself an additional lift by investing around an arena or an LRT station.”

In Canada, while hockey may be the number one sport, a project’s positive impact on real estate values is unrelated to the type of sport – or even whether a team is a winner.

“Surprisingly, type of sport and whether a team is winning or losing has little impact on the results,” Reuter says.

More important factors are proximity to downtown (positive), ample parking (poorly planned or non-existent parking can have a negative impact on values) and integration with the surrounding community. Incorporating mixed and constant uses – think bars, offices, shops, outdoor spaces – was also key, as was access to good transit.

“Equally important is nearness to the arena,” says Reuter.

“Properties within walking distance (one kilometre) saw the biggest price jumps, and the impact diminished the farther out one went, 46 YPNEXTHOME.CA

until there was no impact past four kilometres.”

Edmonton’s Rogers Place, new home of the NHL’s Oilers which opened for the 2016-17 season, is a good example of a pro-sports facility with spinoff benefits to the local economy. It is being constructed in the heart of downtown Edmonton, has well laid-out urban design plans, and excellent links to public transportation, REIN says. By creating an entertainment district around the arena, hundreds of local amenities will be available for neighbouring residents.

The list of planned projects for the Ice District is “staggering,” REIN says, with $2.5 billion in downtown development directly connected to Rogers Place.

PROJECTS, ALL OPENING IN 2016, INCLUDE:

• The NHL arena, with a capacity of 18,641 for hockey and 20,734 for concerts • A community arena, home to the MacEwan University hockey teams, practice facility for the Oilers and junior Oil Kings, and available for community rental • Edmonton Civic Tower – 27-storey tower that will house more than 65 per cent of the City of Edmonton’s downtown employees • Grand Villa Edmonton Casino – 60,000 sq. ft. of world-class gaming, dining and live entertainment • New headquarters for the Oilers Entertainment Group • MacEwan LRT Station, one of three LRT stations within a fiveminute walk of the district Other components are slated to open from 2017 to 2020, including more than 1,000 residential units, some of which will be premium condos located atop a four-star hotel.

“Edmonton appears to have nailed it on all fronts,” Reuter says.

A similar downtown project is under discussion for Calgary. “As long as Calgary follows Edmonton’s lead, it should be a successful project for property owners around the project.”

Coventry Homes: Celebrating Over 40 years of Quality Craftsmanship in Edmonton!

IT’S BEEN QUITE AN EXCITING YEAR FOR COVENTRY HOMES. The Ed-

monton and area builder has marked some outstanding achievements, expanded into new communities, and also continued their inspiring charity work. Since 1976, the award-winning builder has set an example in the home building industry through their commitment to quality and superior service. Offering exceptionally built, single and multi-family homes, Coventry Homes showcases innovative designs and unique features that provide customers with a product that is unlike others in the market.

Coventry Homes’ CEO, Henri Rodier, founded the company based on the values that are still at the base of his team today. His team is “devoted

to building confidence and creating peace of mind” for their customers.

Coventry’s unwavering commitment to customer service ensures all clients receive a great experience and are interacting with a team that is genuine, ethical, and devoted to delivering a product that enriches their lives.

It is these key characteristics that Rodier established which are at the foundation of the company’s 40-year history, and what led to him being named the Prairies Region 2016 Entrepreneur Of The Year Award in the Business-to-Consumer, Product & Services category! This noteworthy achievement honours the incredible spirit and contributions Rodier has made as an entrepreneur in both leading his Coventry Homes team,

B Y S A L I N A YA R A H A L A B I

as well as the industry. The Coventry team celebrated many other significant achievements this year, including the Top Choice Award for Top Home Builder in Edmonton and the Consumer Choice Award for Home Design.

As the official “Preferred Builder of the Edmonton Oilers”, Coventry Homes is now aligned with one of the largest and most recognized franchises in the Edmonton marketplace - an affiliation that highlights Rodier and his company’s commitment to the city and the local organizations within it. Working with the Edmonton Oilers brought with it the exciting new, and crowd-pleasing, Fan Cave Lifestyle Package - which features an Oilers Fan Cave edition that “takes game EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 47

day to a whole new level”.

The Coventry Homes’ Lifestyle Packages are a fantastic component to the home building process that allows homebuyers to customize their home to suit their personal life needs.

From the Executive Chef to the Garage Handyman, Coventry has gone the extra mile to ensure customers have the options to make their home a perfect place to live and grow.

As a flexible builder, Coventry is proud to offer homebuyers the ability to customize any of their floor plans.

There are two different specifications available for home buyers to chose from - the Pinnacle, which is their standard model, and the more priceconscious Prestige. Once a customer 48 YPNEXTHOME.CA

chooses the floor plan that is their best fit, they have the opportunity to work with one of Coventry’s expert inhouse design consultants to choose their home’s colour palette, flooring style and finishings. It is important to note that Coventry Homes has a topquality “standard” finishings package, which includes granite, hardwood, and tile! This is important to Coventry Homes, as Marketing Manager, Tara Van Horn, explains, “We provide the most popular options right up front, so our homebuyers do not have to spend extra on upgrades to get the home they want. Because of this, there are no hidden costs.”

Offering a wide range of home styles to choose from including bun-

galows, two-storeys, and duplexes, Coventry is excited to announce that they will be launching new products in 2017 for customers to discover.

Be sure to stay tuned for new townhomes in Laurel Crossing, Griesbach and Uplands, as well as beautiful streetscape homes in Uplands!

Currently available in some of Edmonton’s most sought-after communities, home buyers can explore Coventry Homes throughout the city and surrounding area! Communities include, Laurel Crossing, Paisley, Newcastle, The Village at Griesbach, The Terrace at Schonsee, Aspen Trails in Sherwood Park, Lake Westerra in Stony Plain, and Riverside in St. Albert. Plus, New communities for 2017

will include Crystallina Nera and The Uplands at Riverview!

Building superior homes for the Edmonton and area market is the driving force behind Coventry Homes, and with that brings building a strong community. Giving back to the organizations within our city is important to Rodier and his team. The past decade has seen Coventry Homes deeply invested with the Edmonton Humane Society through their annual Coventry Homes Paws and Claws Gala. The annual Gala and its EHS initiatives, have raised an extraordinary level nearly $800,000 to help care for neglected, abused and homeless animals. Supporting the EHS is a cause close to Rodier and his team and they

hope to reach a goal of $1-million raised within the next two years.

The future for Coventry Homes is bright and the company is proud to be celebrating their success in Edmonton. As Rodier shares “We are committed to keeping our focus on delivering a great customer experience for all our clients. Edmonton area is where we started and will continue to be where we will grow our company."

For more information on Coventry Homes, or for a list of showhomes, visit coventry-homes.com or call 780-453-5100.

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REGENCY DEVELOPMENTS

leaders in developing infill communities

By Heather Ryan

FOR CLOSE TO A DECADE, Edmonton-based Regency Developments has earned a reputation as leaders in developing infill communities crafting more than 1,500 new condominiums and rental units since 2008, with plans to build upwards of 2,500 by the time their 10th anniversary rolls around in 2018.

“We’re one of the leading developers in Edmonton when it comes to multi-family residential, and we’ve continued to build even through slow economic times because we are bullish on Edmonton,” says Regency’s COO Raj Dhunna. “There is a risk to build in a slow economy, but we feel if we start planning and building now, then when things pick up, we’re ready.”

Regency’s vision for growing Edmonton involves offering homebuyers a safe, livable, quality investment, where they can take advantage of existing infrastructure and contribute to established communities.

The company’s dedication to quality and creative architecture have contributed to sold-out properties since its first building Quest downtown, followed by Madison on Whyte, Serenity Gardens and High Street District Properties.

50 YPNEXTHOME.CA

Recently, Regency just sold out its crown jewel – the Pearl Tower – an iconic 36-storey high-rise that has become a landmark in the city skyline. “We’re very proud of what we’ve created with Pearl – it’s been a fun and challenging project and has shaped the future of the city landscape.”

And, Dhunna notes the company is also thrilled with the response to their Edgewater Village on Jasper community – Regency’s first rental development since 2008 – featuring a 26- and 30-storey tower. “We started occupancy for the south tower in March and the north town in June and we have a 90% occupancy rate, so we’re really proud of the success.”

With those projects behind it, Regency is now working on a number of developments including LINK Condos at Ellerslie, located off 111th Street and Ellerslie Road.

This eight-storey, 105-unit concrete building is over 65% complete and plans are to have showsuites and sales launch the first week of December with possessions for April of 2017.

“With the LINK it’s the first time we’ve built this far south, but it’s still considered an infill project since

Ellerslie is an established community,” Dhunna says. “It’s also a bit of a departure for us because we are targeting buyers who are looking to downsize, but don’t want to move downtown, so this project allows them to stay in an area they love.”

LINK also appeals to right-sizers and first-time buyers because of its attractive price point and location that is within a five-minute walk to all amenities such as grocery stores, shops and services, and close to the major routes of Anthony Henday and Gateway Boulevard as well as the major transit station and LRT located at Century Park.

A new condo project in the works is in the southside Ermineskin community, located off Calgary Trail and 23rd Avenue located close to transit and the LRT at Century Park and just minutes from South Edmonton Common.

“We plan for ground breaking in spring 2017 on this four-storey, wood building which will have 88 suites, with the majority being 850- to 900-sq.-ft. two-bedroom twobathroom plans, which is our bread and butter.”

Regency also plans to move ahead on 121 West Condos in 2017, which is located just west of downtown at 121st Street and 105th Avenue. Situated minutes from

the 124th Street community and steps from the Brewery District, a vibrant new commercial area, 121 West Condos will feature two 12-storey buildings consisting of 300 suites.

Further, Regency recently submitted an application for the rezoning of land in Millwoods known as Tweddle Place, which will encompass two 12-storey buildings, “we hope it will go before council in the spring of 2017,” Dhunna says.

Regency also plans to add a new jewel to its portfolio next year with its tallest skyscraper to date – the 45-storey Emerald tower at Jasper Avenue and 114th Street – and is targeting a start date in fall.

With these new projects, Regency continues its legacy of leaving a mark on Edmonton’s ever-changing skyline, and Dhunna says: “Stay tuned, Regency will have more precedent setting developments in the near future and we look forward to continuing to help develop and enrich our city.”

Learn more about Regency’s latest developments at: www.regencydevelopments.ca.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 51

Beaverbrook Communities is committed to offering you flourishing and vibrant communities, in the best neighbourhoods.

UPPER WINDERMERE 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 its distinct architectural details.

• Estate lots starting from the $350’s • Buy directly from the developer only 4 lots remain

www.upperwindermere.com

ONE Sout

Our communities appeal to homeowners through a seamless

ONE and P comm enjoy many conn spac

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,

• Hom • Dup

the current trends, the changing demographics, and the push

www

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 Communities’s goal is to build a legacy of

THE HILLS AT CHARLESWORTH Southeast Edmonton The Hills at Charlesworth is located along th 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.

Ellerslie Road, east of 50 beautiful neighbourhoods that are timeless in their character

and design.

Visit www.beaverbrook.ca to learn more.

• Homes starting from the $350’s • Townhome, Duplex and Single Family homes available www.hillsatcharlesworth.ca

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Beaverbrook_Spreads_v3.indd 1

15-12-03 10:14

HUD

ONE AT KESWICK Southwest Edmonton

ONE AT WINDERMERE Southwest Edmonton

ONE at Keswick features Contemporary Modern and Prairie Modern homestyles throughout the community.

Residents of ONE at Keswick will The Hills at Charlesworth is located along enjoy easy access a variety amenities, Ellerslie Road,toeast of 50thof street in the southeast many intricate with a river valley portion ofwalking the city.trails This thriving new community is connection and by plenty of community green anchored a Sustainability Plaza, that contains space to enjoy. a Solar Playground and a 200m Ice Skating

Located in southwest Edmonton, ONE at Windermere offers two distinct architectural styles, Prairie Modern and Contemporary Modern. Living in smart, modern style, residents 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.

Ribbon. With a design that is focused on low

• Homes starting from the $350’s impact development and green building best • Duplex, Urban,The Premier homes practices, Hills at Charlesworth is a unique

subdivision that sets the bar high for sustainable www.oneatkeswick.ca development in Edmonton.

• Homes starting from the $370’s • Duplex, Urban, Premier, Estate and Adult Bungalow homes available • Buy a lot directly from the developer, or build with one of our builders www.oneatwindermere.com

10:14

HUDSON PARK

ROBINSON

Designing the DREAM HOME WRITTEN BY: C. MARIE HEBSON

C

heryl and Hank, are the proud owners of this gorgeous two story home in Trumpeter, they are a wonderful couple. Their life revolves around travel, business, family, grandkids and friends. In their leisure time they both enjoy cooking, fine wine, golfing and are always entertaining. They wanted a home that would reflect their tastes and enable their lifestyle.

To live in the house of their dreams, Cheryl and Hank decided to get one built for themselves. This first build, however, was not an easy journey. Their first home had a great structure but the interiors were not styled to their liking, which left them disappointed. They were determined and made sure that their second attempt was not futile.

They turned to Marie Hebson’s of interiorsBYDESIGNinc.

They wanted it designed to perfection, but both Cheryl and Hank have completely different likes and dislikes. In terms of preferred design styles, Cheryl is more traditional while Hank prefers contemporary modern. Marie made sure both their design styles were incorporated in perfect sync.

Presenting Cheryl and Hanks Modern Steampunk on Lake Trumpeter.

Main floor, stairs and upper hallway-library-office area, the flooring is a Wire-brushed White Oak. It helps in keeping the decor bright and makes the rooms look and feel more spacious. Dark charcoal porcelain tile in 12X24 EDMONTON BUILDER AND DEVELOPER ANNUAL 2017  55

format have soft sparkly bits. The white oak floors create a beautiful contrast with the black oak cabinetry and soft white millwork throughout.

For a truly custom designed home, we strategically placed custom designs elements, such as the main floor fireplace in the living room with a hidden TV, media cabinet and art niche, custom china hutch in the hallway, custom master bedroom headboard with built-in nightstands and who could miss these gorgeous back-lit open library shelves in the upper loft-hallway, “they are my favorite custom piece in this home” Marie says.

Muted gray walls act as a perfect backdrop to the stunning layout. I love the clean lines and defined spaces in this home. It’s cozy feel but yet posh giving it that “liveable luxury” vibe. The giant suspended ball (Fathom by Corbett) in the middle of the living area is an edgy alternative to a traditional chandelier. It adds an interesting element to the room, while filling up the void created by the double height ceiling.

Every decorative item in the house has been thoughtfully picked to enhance the spaces around it.

Mixing polished nickel, matte black and burnished brass, they all pair well to balance out and create interesting vignettes throughout their home.

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The open plan kitchen is what the owners love most.

Soft warm white perimeter kitchen and walk-in pantry with home-office, pairs perfectly with black rift oak hood-fan and island with Agata Brushed Granite Island and Cambrian Leather perimeter countertops. This tone on tone softens with what could have been a harsh black and white scheme.

We repeated the Agata Brushed Granite in a bookmatch pattern on the fireplace hearth for maximum wow factor and continuity from kitchen to living areas.

Top of the line appliances, great lighting and lots of storage space make this kitchen a perfect space for the couple who love to cook. The crystal jars on the kitchen island filled with delicious treats adding a colourful touch to the décor – enticing you to come, sit and enjoy everything!

The master bedroom has a spa-like ambiance. The earthy tones make it a luxurious and relaxed space. All the little details like the soft lighting, decorative pillows and accessories have been carefully curated, which make this room a special retreat.

The bathroom ensuite is a luxurious extension of the bedroom. It consists of a shower, bathtub and dressing area, which is connected to the walk-in closet. The EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 57

slatted divider visually creates a sense of space which also helps to let more light through. A closed wall would have really boxed this space in and made it feel much much smaller.

The guest powder room was designed with a jewellery box in mind. Black metallic tone on tone wallpaper with gorgeous burnished gold floral sconces makes this bathroom a statement that is sure to impress guests.

The hallway library on the second floor was also custom designed and built onsite. The beautiful black bookcases and the art niches were designed keeping in mind the owners’ requirements and collectables.

It displays all their prized possessions, books and artwork collected over the years. The wingback chair beckons to come sit, enjoy a cup of tea and read your favorite novel while the telescope is perfect for midnight star gazing.

This home overlooks Trumpeter Lake and is just as stunning inside, as the gorgeous views outdoors. Designer Marie Hebson was praised by the owners who thanked her for bringing their dream home to life.

Best advice in creating your Dream Home – hire the right people who will listen to your needs and bring their expertise to the table. Trust in that professionals input to guide you through the many important decisions you’ll be making. Make your dream a reality, start by hiring Marie Hebson’s interiorsBYDESIGNinc. for your next project.

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D E S I G N S E C R ET S

LET’S LAY IT ALL OUT THERE

by JANE LOCKHART

When you think about decorating your home, you probably think first about wall colour, furniture and accessories. What goes on the floor is probably the last thing you consider, but it’s an important surface and one that can tie all the decorative elements together.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 59

START WITH A NEUTRAL

Whether you prefer wood flooring, wallto-wall broadloom or tile throughout your rooms, it will provide a great neutral background for an area rug. Add one on top of almost any surface (with care) to provide another layer of colour, texture, comfort and style. It can tie a room together or separate out different zones in one space.

RIGHT SIZE

Usually, I’m a fair and reasonable person who likes to work with people and their design ideas, but there is one thing that makes me put my foot down – area carpets that are too small. This is one design feature where bigger is always better. A puny area carpet makes a whole room look small, especially if it’s not connected to any furnishings. Don’t settle for a four-by-six-ft. rug when you need eight-by-10 ft. or bigger.

All the furniture should be on top of the carpet, with room to spare. Local building centres offer area carpets, but in limited sizes and styles. Consider visiting a local carpet retailer or specialty store where you can see and feel the choices, ask questions and select the right size.

CALM YOUR SPACE DOWN

If your room already has lots of pattern and you want to add a calming element underfoot, consider broadloom. It’s generally a long run of one pattern, texture and colour created on a broad loom in wide widths and used for wall-to-wall applications. But because of its versatility, such as choice of colours, textures and patterns, it can be custom-cut to fit your space and the edges bound to prevent fraying. The binding can also be custom selected to go with your personal decor.

ADD AN ARTISTIC TOUCH

When you want to make a statement with your area carpet, the choices are virtually endless. Today, you can go into many carpet

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stores and work with a textile specialist to have a one-of-a-kind piece made especially for your space.

As design technology advances, so do your choices, especially with area carpets.

Along with a vast array of beautiful floor coverings, companies like Weavers Art (weaversart.com) carry lines that are like fine art on your floor.

QUALITY MATTERS

With area carpets, you will always get what you pay for. Man-made synthetic carpets such as polyester, nylon and olefin (also called polypropylene) are less expensive but may only last up to five years. Although the colours will last, the fibres may not feel as soft to the touch, will show wear quickly and

may not hold up well to foot traffic.

Natural fibres such as hand-knotted wool and silk from the east set the standard for carpets throughout the centuries. The search for new, renewable fibres continues, as companies such as Elte (elte.com) recently introduced organic, natural fibres such as banana and bamboo silk into their carpet collections.

Wool can seem like expensive choice, but it is practical because it’s a renewable, natural resource, it’s environmentally friendly, absorbs sound, is water repellent and retains its appearance for years.

Companies such as Speers Road Broadloom (speersroadbroadloom.com) have developed a hardwearing wool carpet that is offered at a terrific value.

Whether it’s a long-term investment, an artistic statement or a warm and cosy solution underfoot, choose wisely.

Jane Lockhart is founder and principal designer of Jane Lockhart Interior Design. She was creative director and host of W Network’s top-ranked show, Colour Confidential, and has a Canadian-built furniture collection, Jane by Jane Lockhart, by Statum Designs. Visit online at janelockhart.com EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 61

M O RTGAG E AD V I CE

How will new mortgage rules affect first-time homebuyers?

by ALYSSA FURTADO IF YOU’RE A FIRST-TIME homebuyer, new

mortgage rules may make it more difficult for you to get into the housing market.

As of Oct. 17, all homebuyers who get a high-ratio mortgage (down payment of less than 20 per cent of the purchase price) will now have to undergo a mortgage stress test by qualifying at a rate they don’t currently have to pay. This was something that only buyers getting a highratio mortgage with a variable-rate term or a fixed-rate term of less than five years previously had to do. The best mortgage rate in Ontario was 2.29 per cent (as of writing). However, the Bank of Canada’s qualifying rate is 4.64 per cent.

First-time buyers – especially in housing markets where there aren’t many affordable single-family homes available – may be priced out of the market due to the new rules, says Gregory Klump, chief economist of the Canadian Real Estate Association.

Let’s use the example of a couple with a combined income of $100,000 has saved $40,000 for a down payment and they qualify for a mortgage rate of 2.29%. We’ll assume that their monthly property taxes will be $400 and their heating costs will be $150 a month.

When using RateHub’s mortgage affordability calculator, they’ll be able to afford a property costing up to $521,041 because of the new mortgage rules.

But under the old rules, they would’ve been able to spend $635,700. That’s a difference of $114,659.

The reason for the rule change is because there have been concerns about rising household debt levels in Canada. The country’s debt-to-income ratio reached 167.6 per cent in the second quarter of this year, according to Statistics Canada. What that means is households have $1.68 in debt for every dollar of disposable income. One 62 YPNEXTHOME.CA

government report noted that the country has recently experienced the largest increase in household debt relative to income since 2000.

There were also other rules announced that come into effect on Nov. 30 that may affect smaller mortgage lenders – the ones that often cater to first-time buyers. Those lenders will no longer be able to buy portfolio insurance for certain types of mortgages they sell to investors. (Note that this is different than mortgage insurance and not something consumers have to purchase.) The smaller lenders won’t be able to sell those insured mortgages for funding. As a result, they won’t be able to issue as many mortgages and will likely have to raise rates.

THE BOTTOM LINE

The rule changes will make it harder for some first-time buyers to get into the housing market. And they may also face higher mortgage rates.

Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards and deposit rates with the goal to empower Canadians to search smarter and save money.

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

EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 63

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.

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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.

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 down payment of 20 per cent. If your down payment 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.

EDMONTON BUILDER AND DEVELOPER ANNUAL 2017 65

H O M E B U YE R S ’ 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:

Project & address:

Project & address:

Project & address:

Salesperson:

Salesperson:

Salesperson:

Salesperson:

Phone:

Phone:

Phone:

Phone:

Developer/builder:

Developer/builder:

Developer/builder:

Developer/builder:

Type:

Type:

Type:

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:

SQ. Footage:

SQ. Footage:

SQ. Footage:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bedrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

# of bathrooms:

Interior appliances:

Interior appliances:

Interior appliances:

Interior appliances:

Options:

Options:

Options:

Options:

Parking facilities:

Parking facilities:

Parking facilities:

Parking facilities:

Special incentives:

Special incentives:

Special incentives:

Special incentives:

Price:

Price:

Price:

Price:

Down payment:

Down payment:

Down payment:

Down payment:

Condo fees:

Condo fees:

Condo fees:

Condo fees:

Financing available:

Financing available:

Financing available:

Financing available:

Other comments:

Other comments:

Other comments:

Other comments:

MORE TIME MORE CHOICE MORE MORETIME TIME MORE MORE CHOICE CHOICE

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