Eastern Ontario New Home and Condo Guide - January 2013 by NextHome

Eastern Ontario Edition

January 12 - 26, 2013 Volume 13 Issue 01

Your Best Source for New Homes and Condos

live

outside the box

Longwood Opens Spectacular Model Suite at Sonia

inside this issue

VARIABLE RATE MORTGAGE: IS IT RIGHT FOR YOU?

RESOLVE TO GET ORGANIZED IN 2013

EXPLORE YOUR MORTGAGE OPTIONS BEFORE YOU SIGN

ere,

139 Charlie’s Lane Carp 613 839 6675

you can have character without compromise

ONLY A FEW LEFT! EArLY OccupANcY hOmEs AvAiLAbLE. Enjoy a walk-out basement facing a beautiful pond. These elegant 2-storey homes and bungalows blend modern sophistication with pastoral surroundings for an uncompromising sense of luxury. From $514,900. immEdiATE OccupANcY AvAiLAbLE WiTh sigNiNg bONus.

w w w.holitzner.com

holitzner-homes

VisiT a hoLiTznEr saLEs CEnTrE & Tour our modEL homE Today! Mon. to Thurs.: noon to 7pm • Fri., Sat., Sun. & Holidays: noon to 5pm

OThEr hOLiTzNEr cOmmuNiTiEs

ONLY 3 LOTs LEFT! Early occupancy homes available. singles and bungalows from $488,900. 606 Birchland Cres. (off Westridge Dr. between Abbott St. & Fernbank Rd.), Stittsville 613 831 3711

ENERGY STAR ®

standard in all Holitzner homes.

The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada.

Sa Ri ve gh $1 t 0, No 00 w 0 !

iNveNtoRy CleaRaNCe

whitaKeR i Corner | 2820 sq. ft.

Lot 20 - Single Family Home - Model Home, over $100K in upgrades, 4 bedrooms, 2½ baths Finished lower level with 2 piece washroom.

Immediate • $614,900

duced Price r1e0,000 by $

whitaKeR | 2838 sq. ft.

Lot 52 - Single Family Home, 4 bedrooms, 2½ baths Oversized Lot + 10K Shopping Spree Finished lower level with 2 piece washroom.

Immediate • $516,900

duced Price r1e0,000 by $

veRoNa | 1963 sq. ft.

aMato | 1955 sq. ft.

Lot 23L - Semi Detached Two Storey, 3 bedrooms, 2 ½ baths 10K Shopping Spree Finished lower level with 2 piece washroom.

Immediate • $389,900

duced Price r1e0,000 by $

Bel CaNto | 2231 sq. ft.

Lot 23R -Semi Detached Two Storey, 3 bedrooms, 2½ baths 10K Shopping Spree Finished lower level with 2 piece washroom.

Immediate • $409,900

duced Price r1e0,000 by $

Bel CaNto | 2231 sq. ft.

Lot 45R - Semi Detached Bungalow, 3 bedrooms, 2½ baths Park Lot + 10K Shopping Spree Finished lower level with 3 piece washroom.

Lot 49R - Semi Detached Two Storey, 3 bedrooms, 2½ baths Oversized Lot +10K Shopping Spree Finished lower level with 2 piece washroom.

the lexiNgtoN interior – 2 Bedroom

the MulBeRRy interior - 2 Bedroom

Immediate • $409,900

duced Price r1e0,000 $ y b

Block 1 Unit 2 | Townhome - 1604 sq. ft. Immediate ed e reduc

$450,000

Block 3 Unit 10 | Townhome - 1731 sq. ft. Mar 2013 Price reduce0d

$424,000

the MulBeRRy end Reverse - 3 Bedroom Block 4 Unit 11 | Townhome - 1731 sq. ft. Immediate ed e reduc

Price r1e0,000 by $

the MulBeRRy interior Reverse - 3 Bedroom Block 4 Unit 13 | Townhome - 1731 sq. ft. Immediate uced

0 by $10,0

$445,000

$420,000

d Price r1e0,000 by $

the MulBeRRy end - 3 Bedroom

Pric 10,000 by $

Block 4 Unit 14 | Townhome - 1731 sq. ft. Mar 2013 duced

$445,000

Price r1e0,000 by $

Accolade

Longfields

Larcohomes.com 613-668-7207

duced Price r1e0,000 $ y b

Block 4 Unit 12 | Townhome - 1731 sq. ft. Immediate duced

Pric 10,000 by $

the MulBeRRy end Standard - 3 Bedroom

$445,000

Mar 2013 • $419,900

Sales centre hours Mon to Thurs: 12 noon–7pm Fri, Sat, Sun & Holidays: 12 noon–5pm

613-523-2779

ALWAYS HOME. EXPERIENCE COMMUNITY

LIKE NEVER BEFORE MONARCHGROUP.NET

PLUS Chef’s Kitchen with quartz countertops, extended upper cabinetry, pots and pan drawers and more PLUS Air conditioning****

Eagleson Rd.

PLUS Hardwood flooring on Main level***

Dr.

For a limited time receive $10,000 Design Studio Dollars*

• Single-family homes ranging from 1,826 to 3,606 sq. ft. from $439,990

EXPERIENCE CENTRE Westphalian Ave.

Terr y Fox

• Superior features and finishes include 9' ceilings, gourmet kitchen, spa-inspired ensuites, stunning exteriors and much more

Hwy. 417

Hazeldean Rd.

Stittsville M ain S

A master planned community of distinction offers the finest selection in features and finishes.

Huntmar Dr.

cELEBRATE 95 YEARS wITH MONARcH.

Fernbank Rd.

EXPERIENCE CENtRE 110 Westphalian Ave., Kanata 613.831.2619 ALSO AVAILABLE Two-storey Townhomes from 1,621** to 2,402**sq. ft. priced from the high $200,000’s

Model HoMeS to view Follow us on:

twitter @monarch_group

Like us on:

facebook/monarchcorp

MONARChGROUP.NeT 4

Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. *Extras noted above are as per plan and as specified by Vendor. Some restrictions may apply. Extras to be chosen at Monarch’s Home Design Studio. **Includes Finished space in Lower Level. *** Hardwood on the Main Level is in lieu of Carpeted area and main floor bedrooms. Hardwood flooring is as specified by Vendor as per the Vendor’s standard samples. ****Size of air conditioner to be determined by heat calculation study. Restrictions may apply. Please see Sales Representative for full details. E.&O.E. January 2013. 20165.

MonArch coMMunitieS. MONARcH, cANAdA’S OLdEST ANd MOST ExpERIENcEd BuILdER.

NEPEAN STACKeD TOWNhOMeS from the low $200,000’s

THE LINKS · MODel hOMe

DISCOVER GOLF COURSE LIVING.

EXPERIENCE CENtRE: 610 Kilbirnie Dr., Nepean 613.692.9284

NEPEAN eXeCUTIve SINGleS from the mid $400,000’s eXeCUTIve TOWNhOMeS from the mid $200,000’s The EVERGREEN · elev. B

LIVE ON tHE GREEN.

EXPERIENCE CENtRE: 610 Kilbirnie Dr., Nepean 613.692.9284

KANAtA eXeCUTIve TOWNhOMeS from the high $200,000’s

OttAWA’S LEADING SMARt COMMUNItY. The ALLIANcE · elev. A

vISIT US AT OUR NeW eXPeRIeNCe CeNTRe TODAY EXPERIENCE CENtRE: 110 Westphalian Ave., Ottawa 613.831.2619

KANAtA TWO-STOReY TOWNhOMeS from the high $200,000’s OLD WORLD CHARM. NEW WORLD LUXURY. BLAcKSTONE · MODel hOMe

eXeCUTIve 46' SINGleS from $439,990 EXPERIENCE CENtRE: 110 Westphalian Ave., Ottawa 613.831.2619

HOURS: Mon. – Thurs. 1pm – 8 pm, Fri.,Weekends & Holidays 12pm – 5pm

DESIGNER DECORAtED MODEL HOMES tO VIEW At ALL COMMUNItIES. 5

mattamyhomes.com

Mise En Place.

Mise en place is something that every professional kitchen demands. It means ‘Everything in place’. It’s a principle we practice when designing our Mattamy Kitchens. We start with an efficient work triangle and then add the features that make it easy to cook, enjoy each other’s company and dine. In many Mattamy kitchens you’ll find a pantry for dry or canned goods, a chef’s desk for meal planning and an island or breakfast bar for meal prep and morning chit chat. A Mattamy Kitchen is a great place to start the day and regroup at the end of the day.

All illustrations are artist’s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

BARRHAVEN

KANATA

Save $10,000 On Select Village Homes, $13,000 On Select 2-Storey Townhomes & Up To $27,000 On Detached Homes Right Now!

Save $10,000 On Select Village Homes, $13,000 On Select 2 And 3-Storey Towns & Up To $25,000 On Detached Homes Right Now!

Save $10,000 On Select Village Homes, $13,000 On Select 2-Storey Towns & Save Up To $25,000 On Detached Homes Right Now!

Townhomes From $219,990 · Detached Homes From $309,990

Townhomes From $222,990 · Detached Homes From $306,990

Townhomes From $224,990 · Detached Homes From $324,990

. Rd

son R

Eagle

fie

1 y4

l Fal

R ve ro eG

Rd. Side

Half Moon Bay Sales Centre: 3454 Greenbank Road, Barrhaven, 613.825.7932

D ox yF

e al

Hope

416

Sales Centre

r Ter

Rd Ca

ri mb

zel

. Rd

nk ba ia e ot lac Sc P . m Dr adiu Pall

Rd.

F ry

ank

Sales Office r

n ea

Club

r Te

enb 417

Joc kv

k oc

unt

1 d y4 an Hw Str

iew arv Ced

he rd R

Gre

iel

f low Fal

Sales Office

Monahan Landing Sales Centre: 4845 Hope Side Road, Kanata, 613.271.0636

Fairwinds Sales Centre: 1776 Maple Grove Road, Kanata, 613.831.9369

Lot 113 – Single Car Garage, The Ridgemont ‘B’, 1,770 Sq.Ft. 4 Bedroom, $332,990 Includes: Rec. Room Ready, Super Shower, 9' Ceilings On Main Floor, Hardwood Floors On Main & Granite Countertops In Kitchen.

Lot 55 – Double Car Garage, The Sandfield ‘A’, 2,268 Sq.Ft. 3 Bedroom, $412,590 Includes: Rec. Room Ready, 9' Ceilings On Main Floor, Alternate Kitchen & Granite Countertops In Kitchen.

Elev. ‘A’

Lot 216-10 – Village Home, The Mulberry Corner ‘A’, 1,366 Sq.Ft. 3 Bedroom, $255,990 Includes: Ceramic Tile In Lieu Of Vinyl, Hardwood Floors On Main & Granite Countertops In Kitchen.

Move In February 20, 2014

Move In October 17, 2013

Move In June 25, 2013

Sales Centre Hours: Monday to Thursday 1pm-8pm; Friday 1pm-6pm; Saturday, Sunday and Holidays 11am-6pm

Room to grow.

Built for real life. CARDELHOMES.COM

8 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Uniform Urban Developments is proud to present Richardson Ridge in Kanata, our newest single-family development. Designed by Barry Hobin, this collection of unique and elegant homes is just minutes from the Kanata Centrum shopping complex, golf, schools, Scotiabank Place and the 417. Sales Centre now open.

STUNNING NEW LOTS!

homes starting from $497,000

613.853.4302 | uniformdevelopments.com jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 9

contents

January 12 - 26, 2013

volume 13 issue 01

cover story

p.20

longwood homes

Gorgeous new model suite at Sonia by the Rideau

C06

vice-president, Wall2wall media

Jacqueline Hill

Sales Manager, Eastern Ontario

Paul Bimm

editor-in-chief, national real estate

Susan Legge art director

Daiana Garay editor

Wayne Karl contributing editors

Janine Druery, Elisa Krovblit, Silvana Longo Lydia McNutt (on leave), Sara Duck (on leave)

regular features Condo Insert | C01-C28

sales co-ordinator, eastern Ontario

Spotlight on Condos: Your

guide to new condo communities in the Gatineau and Greater Ottawa Area

Nash Kamaludin

national account manager, mediative

Paul Slizys

Manager of production

C08 quick tips

Start the new year by freeing yourself by Hellen Buttigieg

C10 the mortgage minute

Is a variable rate mortgage right for you?

C26 trendspotting Mugged by Elisa Krovblit

12 editor’s note 16 in the news

Tips to avoid hitting your personal debt ceiling

by Peter Kinch

C20 gohba report

Hiring a renovator – get it in writing by John W. Herbert

30 mortgage options

Supersize your mortgage payments

33 Fundamentally speaking

Mortgage essentials: learning as much as you can is time well spent

C22 in the news

Resolve to get organized in 2013

C24 style file

by Wayne Karl

34 mortgage options

Explore your mortgage options before you sign

The coffee table by Yanic Simard

36 hot sheet

Two pages of community previews and openings

community focus features C06 la group construction

Upper East Side – move in now and enjoy thousands in bonuses

metric homes’

customized homes fill a Westboro niche

Bala Gnanapandithan Production Co-ordinator

Dennis Ng

graphic designer

Viosa Barileva Published by

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

1 Raymond St., Ste. 300 Ottawa, Ontario K1R 1A2 Phone: 613.729.1221 Published Saturdays, 2013 Publishing Schedule: Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1 Circulation: Free distribution in street boxes, stores, banks and financial institutions. Terms: Advertisers, editorial content and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial: Submissions from interested parties will be considered. Please submit to the address shown. The views and data expressed by columnists do not necessarily represent those of the publication. Copyright 2013: All rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Please recycle this magazine! Wall2Wall Media participates in the Partners In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two 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.

Final Phase

UndEr consTrUcTion

a smar t investment

Tarion award of ExcEllEncE finalisT

Executive towns

Semi-detached homes

from the high

613.592.2425

Loblaws $ 200’s

monarchgroup.net

613.435.5400

valecraft.com

from the high

$ 200’s

RD HM ON

Visit our website for hours.

MOODIE DR

STONEHA VE

R XD N

NBA

FER

$ 300’s

SALES CENTRES & MODEL HOMES Cope Dr. off Eagleson Rd., Kanata

SON RD

ROBERT

RIC

EAGLESON RD

O RY F

TER E DR

COP K RD

from the low

6 beautiful model homes available for viewing

417

MICHAEL COWPLAND DR

613.831.6255

tartanhomes.com

Executive towns

E. & O. E. Specifications and prices subject to change without notice.

Trailwest.ca 11

e d i t o r ’s n o t e

New home experience

Make wise choices and enjoy the process

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

Susan Legge Editor-in-chief Wall2Wall Media, Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

Resolve to plan carefully in 2013 Still-low rates provide homebuyers with an opportunity to buy, but not at any cost

he last couple months of 2012 were certainly interesting – simultaneous talk of slowdowns and soft landings in some markets, increases, upticks and value gains in others. Indeed, now more than ever, housing and economic conditions serve as reminders of how local real estate is. What’s going on in one part of the country or province or in a specific property type, may be completely different from another. On the positive side are interest rates that are still at or near historic lows, with the next Bank of Canada rate announcement to come Jan. 23. Many experts don’t expect rates to begin rising until mid-year at least, while cautioning that Canadians should not confuse cheap money – if they qualify – with free money. The BoC continually keeps a close eye on household debt and other signposts for any warnings we’re taking on more debt than we should. Your best strategy as a prospective homebuyer? Meet with your broker or banker to see how you can take advantage of these opportunities, without getting in over your head.

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

12 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Discover great living!

Growing Families Love Morris Village!

Your new home from Longwood awaits you in the community of Morris Village in Rockland. Just 20 minutes drive east of Place d’Orleans. Morris Village offers all the amenities of an urban centre in a country setting! Your children will love it and you will too! SINGLE FAMILY HOMES

Starting from just

$259,900

U A L

.J ST

Morris Village

CRE

JAD

JAS

PER

R O C K L A N D

SCE

EP EMERALD

➭F R

…Well Worth the Drive!

NEW PHASE NOW SELLING!

Sales Ofﬁce and Decorated Model Home

located at 100 Jade Crescent corner of Jasper Monday to Wednesday - Noon to 6 p.m. Saturday and Sunday - Noon to 5 p.m.

Closed Thursday and Friday

613-446-1506

www.longwoodbuilders.com

17 5 50

GATINEAU PARK

417 417

HUNT CLUB FLATS

417

PINE GROVE FOREST RESERVE 14 417

SUNDANCE

KANATA

416

BRIDLEWOOD TRAILS

STITTSVILLE

WEST POINTE VILLAGE

BARRHAVEN

RIVERSIDE SOUTH SUMMERHILL VILLAGE

Discover the Difference

ROYAL RIDGE

Claridge Homes has sites all over Ottawa, wherever you might like to live.

ORLEANS

SPRING VALLEY TRAILS MER BLEUE CONSERVATION AREA

417

BRIDLEWOOD TRAILS, KANATA Zen Urban Flats, Townhomes 200 Arrita Street | 613-591-0448 bridlewoodtrails@claridgehomes.com

HUNT CLUB FLATS, HUNT CLUB

Condo Flats Sales centre: 210 Kiwanis Court Site: 3249 Conroy Road | 613-249-0704 huntclubflats@claridgehomes.com

SPRING VALLEY TRAILS, NAVAN Singles, Bungalows, Townhomes 362 Saddleridge Drive | 613-841-0560 springvalleytrails@claridgehomes.com

ROYAL RIDGE, ORLEANS

Zen Urban Flats 376 Antigonish Avenue | 613-834-3488 royalridge@claridgehomes.com

WEST POINTE VILLAGE, BARRHAVEN Singles, Bungalows, Townhomes 118 Maravista Drive | 613-823-6767 westpointevillage@claridgehomes.com

SUNDANCE, FINDLAY CREEK

Zen Urban Flats, Singles, Bungalows, Townhomes 4789 Bank Street (at Findlay Creek Drive) | 613-425-1332 sundance@claridgehomes.com

SUMMERHILL VILLAGE, RIVERSIDE SOUTH Singles, Bungalows, Townhomes 733 River Road | 613-822-6444 summerhillvillage@claridgehomes.com

Value Makes

CL ARIDGEHOMES.COM

inthenews

Tips to avoid

hitting your personal debt ceiling The deadline is approaching next month for the united

States to come up with an agreement to raise the $16.4-trillion debt ceiling. The outcome may have wide ranging consequences with the potential to have a significant impact on the global economy and stock markets. While putting its financial house in order is a top priority for administrations, it should also be top of mind for consumers and their financial affairs. The BMO Household Debt Report shows that 25 per cent of Canadians are debt-free, however 41 per cent say that they have taken on more debt in the past five years as a result of increased spending. “While debt is a part of life for the majority of Canadians, it doesn’t have to be a permanent fixture,” says Nancy Marescotti, director, BMO Bank of Montreal. “Establishing a household budget that includes a debt repayment plan and accounts for other priorities and financial goals such as savings is essential.” BMO Bank of Montreal offers the following five tips to avoid hitting your personal debt ceiling: » Don’t overspend – Spend less than you make. Develop a budget that establishes how household expenses will be paid and how spending will be managed. Take advantage of free online tools to help stay on top of everyday household spending and saving. » Manage credit card debt – Pay down credit cards, beginning with those that carry the highest interest rate, and consider using a low rate card for purchases.

16 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

» Invest to save – Set up a Tax Free Savings

Account (TFSA) or high interest savings account to set aside extra cash in case of an emergency. Currently, the BMO Smart Saver account offers a 1.2-per-cent interest rate – the highest rate offered among Canada’s major financial institutions for a full-service savings account, without minimum balance requirements. Also consider using Exchange Traded Funds to reduce management expense fees. » Become mortgage free faster – Cutting your amortization and increasing monthly payments on mortgages can help you pay down your mortgage faster while saving you thousands of dollars in interest costs. Additionally, consider increasing the frequency of your payments and/or making lump sum payments to pay down your mortgage faster. » Have a Plan B – Develop a fallback plan in case you are unable to meet your financial obligations as a result of unexpected circumstances, such as loss of work, or damage to personal property, such as your home or vehicle.

homes Phase 6, Don’t miss the best lots, build your custom home on a gorgeous treed estate lot.

Book today to ensure we can build your custom home in 2013 WE BUILD CUSTOM HOMES TO SUIT YOUR LIFESTYLE! 150 Day Delivery

At Settlers’ Grant a two storey 2000 sq. ft. custom home will cost approx. $167.00 per sq. ft. and 2000sq. ft bungalows at $170.00 per sq. ft. *lot is not included.

North Gower

416

ars

K To

Rideau River

Our Standards Are High

Our Standard Finishings are other builders’ upgrades; we invite your input throughout the process and expect to see you many times during the Building of Your Home.

Minimum Lot Size Of 1 Acre

With access to 12,000 plans and the technical expertise to customize to your exact specifications, no two homes are alike.

Viewing By Appointment Only Contact George Pollman or Kathleen Pulfer (613) 258-7550

South River Rd

Settlers Grant

Kemptville

www.settlersgrant.ca

Just South of Ottawa

*price per sq. ft. varies with the size of home. The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada. R-2000 is an official trademark of Natural Resources Canada. Used with permission.

ADULT LIFESTYLE

ATTACHED BUNGALOWS

of Hunt Club NEIGHBOURHOODS

UP LA ND

NK L A

B R LU

of Hunt Club NEIGHBOURHOODS

PARKWAY ORT AIRP

C NT

R. A D

RI VERSIDE DR.

50% SOLD!

. PA U

S LE WA OF

RIDE AU RIVER

E PRINC

DR S

OTTAWA AIRPORT

www.neighbourhoodsofhuntclub.com

OPENING SOON

On Equestrian Drive in KANATA Adult Lifestyle Attached Bungalows • Pre-register Now • www.DeevysHomestead.com

Longwood’s Newest Site in sought-after Hunt Club location. Only 12 opportunities remain to purchase including designs for ﬁve ‘wide lots’ with rear garages. By appointment only

613-738-1349

d.greene@longwoodbuilders.com

www.longwoodbuilders.com

coverstory

Now Open

Gorgeous new model suite at

Sonia by the Rideau

ocation and an urbane lifestyle within walking distance of downtown Ottawa can be yours at Longwood Homes’ Sonia by the Rideau condominiums, where the eagerly-awaited new model suite is now open for viewing! Come and see for yourself why Sonia by the Rideau condominiums have the best value per square footage in the city – dare to compare! The gorgeous new 611-sq.-ft. model suite contains hardwood and ceramic flooring throughout. Not only does this amazing condominium feature four stainless steel kitchen appliances, it also includes

20 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

a washer/dryer. Granite countertops in the kitchen and bath are easy-clean and beautiful. Sonia by the Rideau is an elegant new design in condominiums. The building, set on a triangular lot, is all about curves and windows and light. The 29 designs offer maximum natural light with concave and convex glass walls. Situated on Montgomery, near where McArthur meets the Vanier Parkway, you can live an easy walk to the park and trails of the beautiful Rideau River. The superb location provides the perfect blend of urban sizzle, peaceful contemplation and opportunities for work-life balance – close to downtown but with room to breathe. Rather than being surrounded by highrises, parking garages and congested roadways, you can enjoy the amenities of a long-established community, while taking advantage of the easy lock-and-leave lifestyle.

Longwood Homes

Sonia by the Rideau

Nature is only steps away, yet you can walk or bike across Cummings Bridge and up Rideau Street into downtown. Walk to work, to the Rideau Centre, the National Arts Centre, the National Gallery and all of Ottawa’s great inner city amenities. Closer to home find unique gifts, eat fantastic foods and take advantage of the diverse shopping and dining experiences of Vanier, New Edinburgh and Montreal Road. Run across the street to the Loblaws Superstore, or check out 50-plus power retailers at the Train Yards. Stroll alongside the ever-changing beauty of the Rideau River, then home, where luxury and comfort await in your brand new suite. Need to leave the city? Jump on Hwy. 417 or continue down Riverside for a great southern corridor. The train station is only five minutes away. Prices start in the affordable mid $200’s, and units range from 563 to 1,180 sq. ft., with either one bedroom and one bathroom, one bedroom and one-and-a-half baths or two bedrooms and two baths. Most units have balconies, and the fifth floor boasts spectacular terraces. Higher suites have amazing views of the city or the Gatineau Hills. Lockers are included and parking is available. Longwood has a 24-year history of building impressive communities in Ottawa. Sonia by the Rideau is part of that proud tradition. To view visit the sales centre at 350 Montgomery, with access off McArthur, open Monday to Thursday noon to 6 p.m. and Saturday and Sunday noon to 5 p.m. For more information, visit soniacondos.com or contact Louise Rivington at l.rivington@soniacondos.com or 613.421.9736. Location Ottawa-Vanier housing type Condominiums, 563 to 1,180 sq. ft. starting price From mid $200’s Occupancy: Spring 2014 sales office Monday to Thursday noon to 6 p.m. Saturday and Sunday noon to 5 p.m. contact 613.421.9736 | soniacondos.com jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 21

22 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

spotlight on condos

Eastern Edition January 12 - 26, 2013

Upper East Side in Manor Park

Your Pull-Out Guide to highrise, conversion, loft, terrace & townhome condo projects

spotlight on condos

MORE THAN AN ADDRESS

The Slater is the place to call home at the centre of it all! Exceptional living steps from Parliament Hill, the Parliamentary Precinct and the Central Business District. The Slater has something for everyone, from One Bedroom suites with Peace Tower views to luxurious Two-storey Penthouses overlooking the city!

now open - come see our stunning model suite

CONDOMINIUM&HOTEL

SOPHISTICATED LIVING FROM $199,900 — THESLATER.CA 613.230.0199 Presentation Centre at 199 Slater Street (between bank and o’connor) Mon & Tues 12-6pm • Wed & Thurs 11-7pm • Friday 12-6pm • Saturday 12-5pm

BROCCOlini construction • richard chmiel architect & associates • bennett property shop realty • ii by iv interiors RENDERING is AN ARTIST’S IMPRESSION. PRICES, SIZES AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. E.&O.E.

spotlight on condos

MORE THAN AN ADDRESS

You r go ing L O to o

spotlight on condos

V prour lateE mo st tion

LIVE ON THE PARK WALK TO THE RIVER

PARKSIDE EXECUTIVE STACKED TOWN HOMES

Model Open Weekday Mon.–Wed. 4–7pm Weekends 12pm to 4pm

Upper Eastside

Montreal Rd. Queensway

Immediate Closings Upgrades Included SEE AGENT FOR DETAILS ON UNITS AND CONDO FEE PROGRAM.

spotlight on condos

LY N O Y R T R F E U L H MES 6 HO

Hemlock Rd.

spotlight on condos C6

Upper East Side Move In NOW and enjoy thousands in bonuses!

ow is the time to consider a brand new terrace townhome condominium in an east-central location. To live in a beautiful park-like setting and have easy access to downtown, buy now and live condominium fee-free for two years! Phase 2 of Upper East Side, in the boutique community of Manor Park, still has six parkfacing terrace townhomes remaining, both upper and lower models to select from, and you can move in right now! Yes! Move into Upper East Side, and into a beautiful stacked townhome bordered by acres of groomed woodland, the Aviation Parkway and the National Capital Commission lands. This quiet enclave nestled within a forest is a stone’s throw from St. Laurent Blvd. and minutes from downtown. Surrounding land is protected from development, so it will stay

peaceful and pretty. “Upper East Side’s location is unlike any other in the city,” says Lee Knowles, independent marketing consultant. Her opinion is echoed by buyers like Katrina Burton, who says, “I love living here. The location is fantastic, very quiet, no traffic, on the park, close to downtown and I can walk to shopping, restaurants and the river.” Living at Upper East Side provides many unique advantages. Shop at one of Ottawa’s most popular malls, bike along the Ottawa River, stroll through nearby Rockcliffe, or use the City wading pool and London Terrace Park, both just outside your front door. Downtown, the sights and sounds of the Byward Market, and Elgin Street’s restaurants are only a few minutes’ drive west. “Today’s low interest rates coupled with the starting price of $299,900, including the

LA group construction

Upper East Side

Location Manor Park housing type 1,150 sq.ft. to 1363 sq.ft. townhomes starting at $299,900, including more than $12,000 in upgrades sales office 322 London Terrace contact 613.747.8863 uppereastside.ca

$12,000 bonus package and condo fee free promotion, make buying now at Upper East Side the right decision for first-time homebuyers,” says Knowles. Since the only common areas are the grounds and parking, the condominium fees are some of the lowest in the city – and as a limited time offer, the first two years of fees will be free. The exterior is attractive clay brick with maintenance-free vinyl and aluminum. Upper models have two full-sized balconies and lower models have their own rear yard. Colonial doors and trim, solid oak handrails and nine-ft. ceilings add style to Upper East Side’s substance. Ceramic tile floors in the main level entrances, bathroom and kitchen are a breeze to clean, and the main floor has been upgraded to include oak hardwood. Stainless steel appliances and white washer and dryer are included. These homes offer quality engineering and design, plus many energy saving features. Enjoy the open concept gourmet kitchen including upgraded cabinets, the large breakfast bar and main floor powder room. The neighbourhood’s long, rich history combines urban convenience with parkland setting and mature landscaping. Many former residents are moving into Upper East Side, glad to own a new home in their old neighbourhood. Manor Park, New Edinburgh and Beechwood Village have all the amenities needed, while some of Canada’s most notable attractions, such as the RCMP Musical Ride, Aviation Museum and Rockcliffe Park, are within walking distance. Combine the benefits of home ownership with the convenience of lock and leave worry-free living at Upper East Side. See uppereastside.ca, call the sales office at 613.747.8863 or visit 322 London Terrace Monday to Wednesday 4 to 7 p.m., or Saturday and Sunday from noon to 4 p.m. Don’t delay – these six suites won’t last long.

Jan 12 - 26, 2013 | New home & Condo guide eastern Ontario C7

quicktips

start the new year by

freeing yourself

Hellen Buttigieg Hellen Buttigieg, CPO, is a Certified Professional Organizer, life coach, TV host, author and owner of We Organize U. Visit her website, weorganizeu.com, for a free e-Book on how to find more time, energy and inner peace. Contact Hellen at 905.829.2219 or info@weorganizeu.com

by Hellen Buttigieg compelling ways your life will be better as a result of completing what you’ve been procrastinating on, you will find the inspiration to take action.

There is so much buildup at the end of the

year that it can almost feel like a race to the finish line. Then Jan. 1 arrives, the social calendar calms down and the cocooning begins as you prepare to ride out the rest of the winter. Before you jump right back to everything you were doing before the holidays, take some time to look around and decide what needs to change. Not that you have to go making grand resolutions for the new year – unless that’s your thing – but look at it as an opportunity to free yourself of things that weren’t working for you. Try new methods that may improve your life in little, noticeable ways. Get clear on the year ahead If setting New Year’s resolutions is not your thing, there’s another way of defining what you’d like your life to look like – create a vision board. Get some magazines, glue and a poster board and start cutting and pasting images that you feel drawn to or that represent something you’d like to be or have in your life. If you would like to learn more about the power of these dream boards, and have a look at some of the ones I’ve created personally, check out my blog post, Creating a Dream Board (weorganizeu.com) End procrastination by knowing your payoff Ever wonder how to motivate yourself to tackle that daunting task you’ve been putting off? Rather than dwelling on the chore itself, turn your attention to how you will benefit once the job is done. If you can come up with two or three C8 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Make your ‘someday’ a reality How many times have you wistfully said, “Someday, I’d like to…” It’s interesting how we often procrastinate on doing the things we most want to do. We continue to put it off because something more pressing always seems to come up. But life is short, and habitually putting off doing those meaningful things that bring us joy can literally suck the life right out of us. One thing that I personally find very effective is to catch myself when I say I’d like to do something, and immediately pull out my calendar and schedule it in, even if it’s not for another month or two… or even six. The trick is to allow enough time to prepare for the event in advance and, once the date approaches, treat it as you would any other appointment you’ve booked with someone important – keep it. Make decisions fearlessly Clutter often represents unmade decisions. Many people struggle with indecision because of the fear of making a mistake (especially perfectionists). It may seem easier to avoid making the decision, but by doing so, you are deciding to procrastinate and remain stuck. Whenever possible, make decisions as you go along, before they accumulate. Although there’s no guarantee you will make the right decision, you will be taking the option that appears to be the right thing to do at the time. Avoid berating yourself if the outcome is less than you had hoped, and besides, there’s usually some recourse. See it as a great learning experience and move on. One effective decision-making technique is to ask: “What’s the worse thing that can happen if I make the wrong decision?” and “Can I live with that consequence?” This usually puts the decision into perspective and helps you make it confidently.

Adorning Ottawa neighbourhoods since 1976. Visit us today at www.domicile.ca to learn more.

spotlight on condos

Distinctively Domicile

themortgageminute

is a variable rate mortgage

right for you? by peter kinch recent CHANGES IN THE MORTGAGE

industry have led to various lenders reducing the discounts they previously offered on variable rate mortgages (VRMs), effectively making VRMs a little less attractive than they were in the past. Why have lenders increased the cost of taking a VRM in today’s market? Well, the official reason offered by the banks was that there was a lack of liquidity in the markets and the cost of borrowing had increased. Now, of course, we’ll all have to take their word on that since the average Canadian does not have access to the inner workings of a chartered bank and the true costs of borrowing it incurs. But I do know one thing for certain, given the limited exposure that I have, is that many lenders had been grumbling for months about

C10 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

the lack of profitability on the variable rate mortgages with such high discounts. In the meantime, what seems to have been lost in the conversation was the fact that the bond yields had been steadily dropping for months. This, in turn, led to an increase in the profitability on long-term rates. So while most of the country’s media focused on reporting about the fact the Bank of Canada (BoC) will not likely be moving rates soon, no one was drawing attention to the fact that the banks’ profit margins were steadily rising as the bond yields dropped. Lenders were making significantly more profit on a five-year term than they were selling variable rate mortgages with full discounts. Let me ask you a simple question: if you were running a business that had two products, and one of them was very profitable and one

C O N T I N U E D on p a g e 1 2 . . .

urbancapital.ca

HIGH DESIGN URBAN LIVING

NOW SELLING HIDEAWAY hideawayatcentral.ca

PRESENTATION GALLERY AT 455 BANK ST., UNIT #2 AT McLEOD 613.789.5475 MON-WED 12-6 PM | THURS 3-8 PM | SAT 12-5 PM | SUN 1-5 PM

spotlight on condos

NOW SELLING CENTRAL 1 + 2 central2.com

C11

themortgageminute |

CONTINUED

of them broke even or lost money, which would you promote? The end result is that banks would like you to take a five-year fixed rate mortgage and are now making it more attractive for you to do so. By the numbers – changing spreads and changing guidelines Talking about the price of a five-year mortgage and the spread on the bond yields can be very confusing for the average Canadian. Since most people don’t understand it, the media tends to avoid writing about it. As a result, some glaring discrepancies go unreported and questions remain unasked. Let’s start with some basics: ›› A bond yield and a bond price have an inverse relationship. Don’t worry about trying to understand that – you simply need to know that if the bond price goes up, the bond yield goes down and vice versa. ›› Canadian banks and lenders use the bond yields to determine their “spread,” or profitability. ›› T hey like to keep the spread to a certain range. For example, five years ago, the spread would be between 90 and 130. That means you take the five-year mortgage rate (say four per cent) and subtract the current five-year bond yield (say 2.95) and the difference should be between 90 and 130. If the difference is below 90, then that is a signal for banks to raise rates. If it is above 130, then they would lower rates. In the above example, 4.00 – 2.95 = 1.05, so that would indicate the rate is within the comfort zone and therefore not likely to move.

and uncertainty in the global markets, the more bonds they will buy. The more they buy bonds, the higher the price goes and as such, the lower the bond yields go. Whether this will translate into lower mortgage rates for you is yet to be determined. And while we could argue that the long-term rates could go even lower or in fact that they should be lower, they are still the lowest they’ve been in a lifetime. So, whether you choose to take a variable with a lesser discount or today’s low long-term rate – one thing is certain: Now let’s look at the way things are today: rates are low – if you have a mortgage ›› Let’s assume a five-year bond yield is 1.66 per cent or you’re planning to get one, take ›› A nd a typical five-year published mortgage rate is 3.59 per cent advantage of these low rates today and ›› 3.59 – 1.66 = 1.93 accelerate your debt reduction. Stability will eventually return to Based on the numbers that were used five years ago by the chartered banks, a the markets and investors will spread of 1.93 would be .63 over the comfort zone – meaning very profitable – eventually shift back to equities. and a signal to lower rates (arguably to as low as 2.96 per cent for a five-year When that happens, bond prices will term). However, lenders are no longer using the same model for spreads. In fact, drop, yields will rise and so too will due to (and I quote) “the uncertainty in the bond market is forcing a wider than your long term rates. normal margin until investors see some stability return” – the current range In the meantime, enjoy them that lenders are going by is 1.75 and 1.95. As such, the spread of 1.93 for today’s while they’re here. interest rates is actually at the high end of the comfort zone, but still within range. Some lenders are offering a quick close special of 3.39 per cent, which puts the spread at 1.73 and therefore out of the comfort zone. Any increase in the bond yield will result in those rates increasing, not decreasing. Suffice to say, it would appear that the banks are making significantly more profit on five-year mortgages today than they did five years ago. But having said that – they also experienced the global credit crunch of 2008 and saw first hand the impact to global banks when liquidity in the markets disappeared. And although we complain about the profitability of the chartered banks, it was this very fact that made them the envy of the world when their counterparts in other countries suffered. With ongoing credit and financial peter kinch issues in Europe and the United States, perhaps the Canadian banks are wise Peter is an award-winning mortgage broker and best-selling author of The Canadian Real to shore up their coffers while they can. Estate Action Plan. Visit peterkinch.com or In the meantime, the more investors flock to safe harbours amidst turmoil contact him at peter@peterkinch.com C12 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Experience life in the village!

Tw o

ish

i te

Construction Starting Early 2013 The Kavanaugh Onsite Sales Centre thekavanaugh.ca 613 868 7597

222 Beechwood Avenue, Ottawa, Ontario Monday–Thursday, 12 p.m.–6 p.m. Closed Friday Saturday and Sunday, 12 p.m.–5 p.m.

spotlight on condos

We’re Underway!

C13

spotlight on condos

C the skyline

C14

613.680.6560

613.746.1513

613.241.3235

613.234.1780

613.224.0330

C L A R I D G E C O N D O S . C O M

spotlight on condos

613.232.2049

C15

C16

spotlight on condos

C17

C18

spotlight on condos

Meet Ottawaâ&#x20AC;&#x2122;s Hottest New Project

Sales Centre with Fully Furnished Model Suite 203 Catherine St (East of Bank) DEVELOPER

EXCLUSIVE BROKER

One Bedroom, Two Bedroom and Penthouses from $179,900

SoBaOttawa.com twitter.com/bradjlamb

For more info, call 613.257.8887

spotlight on condos

Now Open!

C19

gohbareport

Hiring a renovator – get it in writing by John W. Herbert

We all long for the good old days when a job could be based on a handshake. But the sad reality is that those times are long gone and consumers can sometimes unwittingly make themselves vulnerable to unprofessional renovators and criminals by not using a proper contract. This column is intended to provide a general overview on how anyone considering a home renovation should proceed. Many of us accuse our children of demanding instant gratification, but the truth is that most adults also fall into this category. Homeowners will often spend many months planning a renovation, but once they decide to proceed, they want it done next week. This is a mistake, because important decisions can be based on one of the least important factors – immediate availability. It shouldn’t come as any surprise that the best and most professional renovators are the busiest and least available. So the first lesson is that you should not be in an inappropriate rush. Recognize from the beginning that your project is going to take longer to complete than you might like, but the priority is to concentrate on getting the job done right – not completing it in record time. The first step following a decision to proceed with a renovation should be a review of contract material that is appropriate for the job, because a cornerstone of successful renovations is to “get it in writing.” We all hope that our renovation project will proceed smoothly, without misunderstandings or disagreements, and the best way to insure this actually happens is to put it all down on paper. Renovation contracts do not have to be 100 pages long; most can be set out on two pages and cover the main issues – materials, time and money. Most professional renovators have contracts of their own, and so by doing a little research beforehand, consumers can quickly determine whether there might be other matters they would like included. Once you’ve researched the issue of contracts and have a reasonable grasp of what is required, it’s time to actually start looking around for the right renovator. You could talk to friends who are satisfied with work they have had done, and get referrals from them. You could start writing down all the names and numbers that you see on the side of renovator’s trucks as you drive around the city. You could start looking through the yellow pages. Lastly, you could take a shortcut and visit the listing of renovator members of the Greater Ottawa Home Builders Association at gohba.ca. I describe this as a “shortcut” because you would be immediately dealing with renovators who care enough about what they do to pay thousands of dollars GOHBA also provides in membership fees every year. This the opportunity for gives them almost instantaneous access to information on every aspect of the renovators to become renovation industry as it becomes part of a new high available. For those who are really standard of customer confident in their ability to consistently service, called RenoMark deliver quality work, membership in the C20 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

John W. Herbert is executive director of the Greater Ottawa Home Builders’ Association. He can be reached at 613.723.2926, ext. 224, or visit gohba.ca

GOHBA also provides the opportunity for renovators to become part of a new high standard of customer service called RenoMark. The RenoMark program was created in Toronto to raise the standard for professional renovators and it has performed extremely well. Some of the high points of being a RenoMark member are:

» Return phone calls within two business days »O ffer a minimum two-year warranty on all work » Carry a minimum of $2 liability insurance » Have WSIB coverage and work only with other subcontractors who do » Provide a detailed written scope of work for all jobs Ask for an estimate from two or three RenoMark Renovators that you feel comfortable dealing with. Call the Better Business Bureau and see what they have to say about each company. After you have received estimates and have made a tentative choice, ask for references and actually call them. Once the job gets underway, remember that renovators are not magicians. They are victims of suppliers every day of the week, and often must delay work because the promised materials or components for which they provided down payments are not being delivered on time. Take a few pictures as the job progresses, and relax and try to work with your renovator in addressing the challenges that he must face in delivering the service that you want and deserve.

M O N TA G E

MONTAGE

LIFESTYLE CONDOMINIUMS

UNDER CONSTRUCTION

OTTAWA GENERAL HOSPITAL

LANSDOWNE PARK

Smyth Rd.

BROWN’S

THE OTTAWA HOSPITAL RIVERSIDE CAMPUS

Dr .

Pleasant Park

ve. nA

Ri ve r

on Br

BILLINGS ESTATE MUSEUM

n so

AV TRAN IN SIT W

on Br

Kilborn Ave.

N BA

e. Av

RE SH ST OP AU S RA & NT

Starting from just

$277,900

Sales Centre 1201 Ohio Street

y rkwa rt Pa

O-TRAIN CONFEDERATION

AIRPORT

Heron Rd.

HERON

Airpo

Heron Rd.

You’re invited to visit the sales centre to view 8 floor plans. One and two bedrooms, two bedrooms plus den or three bedrooms. from 815 to 1358 square feet.

HERON PARK

. St

This exciting, four-level condominium complex VINCENT MASSEY PARK places residents in touch with everything and everywhere from a setting that overlooks a wooded ravine.

Just off Bank south of Billings Bridge

613-897-0044

Sales Centre Hours Monday to Thursday 12 p.m. to 6 p.m. TO SHOPS & Saturday Sunday & Holidays RESTAURANTS OF SOUTH KEYES 12 p.m. to 5 p.m. Closed Friday

www.montagecondos.ca

www.longwoodbuilders.com

spotlight on condos

INLET PARK It’s not often that an opportunity is presented to liveDriveway h et that within walking distance to the river, the Glebe andaball liz Dr. E South Ottawa has to offer. It’s also not often that By n a homeMAYFAIR uee el Q n DOW’SHomes discovers this opportunity THEATRE lo builder such as Longwood LAKE WINDSOR Co PARK and fashions it into a cosmopolitan setting that appeals to e. v young professionals, empty-nesters and anyone seeking eA sid SHOPS & ny lifestyle, lifestyle, lifestyle. ANNIVERSARY un S PARK Partner lifestyle with location, location, location and OFRESTAURANTS OTTAWA SOUTH Montage is Longwood Homes’ answer to cosmopolitan living in Ottawa’s desirable Alta Vista area. This is where trails and parkways converge with shops, boutiques and RIDEAU bistros to present all lifestyle all the time in a location that BREWER WALKING & PARK is second to none in the region. BIKES BILLINGS O-TRAIN BREWER Located on Ohio just west of Bank Street, Montage is BRIDGE CARLETON N. PARK POND PLAZA walking distance to walking and biking trails, Parkland CARLETON r. D at the Rideau River, shopping in OldUNIVERSITY Ottawa South and e id E rs Billings Bridge. Transitway is close at hand for the urbanite ve Ri RA on the go. Hop on Riverside and the airport is a 10-minute CENTRE drive.

a Alta Vist

SPRING 2013 OCCUPANCY!

Ri ve rd a

Av e.

SHOPS & RESTAURANTS OF THE GLEBE

C21

quicktips

Resolve to get

organized in 2013 After the big glittery ball has dropped and

resolutions are made, the difficult part begins. To achieve success, observers suggest we break down our resolutions into smaller, more feasible goals. Think short-term. For example, it is well-known that every year, one of the most popular resolutions is to become more organized. This can sometimes feel overwhelming, so here are some simple solutions from The Home Depot Canada to clear and conquer the clutter in your home: Organize your front foyer

This space sets the tone for first impressions. Think about stashing useful items such as gloves, hats, scarves and pet supplies in decorative fabric bins. These are easy to label, and make it easy to find items with just a glance. If you do not have a closet in your entry way, invest in a simple shelved console table where you can store your organized items for easy access. A multi-purpose shelf with mounted hooks for sweaters, jackets and coats is essential to keeping your no closet foyer pristine. De-clutter your kitchen pantry

A functional pantry is the key to a functional kitchen. Creating a working pantry can be a big challenge depending on your cooking routine and habits. Take measurements of your space and purchase wire baskets or locking plastic containers to categorize your various ingredients according to your needs. Hang bins inside of the pantry door for popular foods. Not only will this be a time saver, but will also optimize your pantry space. Conquer your bedroom closet

When assessing whether or not a new home is financially realistic, remember that housing costs (including mortgage payments, utilities and taxes) should not take up more than one-third of your total household income. C22 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Bedroom closets often fall victim to being a dumping ground for items without a â&#x20AC;&#x153;home.â&#x20AC;? As you de-clutter, sort items into the following categories: keep, donate, recycle and trash. For the items you do keep, the closet configurator is not only a simple solution, but also an affordable one. With so many options available for a variety of sized spaces, adjustable shelving systems will accommodate your changing needs. By following these simple suggestions you will not only have the tools for organizational success but also be able to check off that New Yearâ&#x20AC;&#x2122;s resolution without the guilt of past years. More tips on home organization are available online at homedepot.ca or at a store in your neighbourhood. NC

M A K E THIS YOUR V IE W

M A K E T H I S YO U R H O M E R E G I S T E R AT 9 9 PA R K D A L E .C O M

spotlight on condos

A new luxury condominium is coming. A lifestyle as unique, as active, as diverse as you are. Indulge your senses with beautiful river and city vistas. All from your new home next to the Ottawa River. Register today for our preview opening.

C23

stylefile

The coffee table by Yanic Simard

coffee table might be the way to do it. I’ve narrowed down landing place for all and the centre of attention: it’s the the vast selection of tables to my top seven picks: coffee table. I did a segment on CityLine recently about various 1. WASHED WOOD & METAL RECTANGLE coffee tables – sizes, shapes, finishes and how to If you’re looking for durability and practicality, this is my accessorize them. We kept the same living room set number one choice. The typical size of a rectangular coffee throughout the segment, and swapped out only the coffee table is approximately 56-by-31-by-17 in., making it the table and it’s accent pieces, creating many different looks. perfect size for displaying several groupings of items such Everyone was so surprised at how different the room as collectables. For added storage space, or the perfect looked each time. spot for magazines and books, look for this type of table If you want to give your space a whole new look, a with bottom shelf that hovers just off the floor. IT’S A NECESSITY FOR ANY FAMILY ROOM, the

C24 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Yanic Simard is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Simard often applies his signature high/low and old/new combination design techniques in developing unique designs. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca

2. ODD-SHAPED GLASS COFFEE TABLE

5. GROUPING OF STOOLS

Transparent finishes such as glass are sometimes all a space needs to make it feel more open and airy. This classic Noguchi-inspired table’s irregular shape adds interest and character to a typical furniture setting. Pairing this coffee table with a sectional sofa looks phenomenal. Accessorize this with opaque items at varying heights, keeping the items toward the centre point of the surface.

Combining two to six of the same or different stools together to create one coffee table is a look I really love. This idea is great for small spaces where you might not have the room to bring in a full-size coffee table and, again, functionality wins big here because it can be moved around the room or even from room to room. No accessories are needed for this style of table.

3. THREE-PIECE OVAL/RECTANGLE COCKTAIL TABLE

6. LOW, FAUX STONE COFFEE TABLE

I love this classic three-piece table because it’s so functional. Those who entertain favour it because they can use the two demi-lune ends as side tables which allows for more spread out landing areas for drinks and snacks. The shape and style of these tables are so pronounced that no accessories are needed – it stands alone beautifully. 4. OVERSIZED SQUARE UPHOLSTERED OTTOMAN

Comfort and cosiness is instantly injected into a room when you bring in a large ottoman covered in fabric or leather. Another family favourite, this piece is versatile because it also functions as extra seating. To accessorize, simply look at the top of the ottoman as a grid divided into four sections, and accessorize each section individually (for example, 1. stacked books, 2. pillow/ throw, 3. bowl/vase, 4. tray).

Bringing in a piece like this is completely unexpected which is why it works so well in any décor. The look is more natural and less refined, and it helps in visually weighing down a space that lacks balance (but it’s not actually heavy at all). A lower coffee table is in need of accessories that have height, such as a globe, a stack of books, and an orchid flower. 7. ROUND, WOOD TABLE

I’ve found that this traditional table is an all-time favourite among almost everyone. What’s not to like about the smooth and soft curves and the classy finish? Pair this classic-style table with a modern sofa for a sophisticated, designer-worthy look.

If you want to give your space a whole new look, a coffee table might be the way to do it

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario C25

trendspotting

1 The Big Mug

2 handle-free

3 retro

mugged

JOE. JAVA. CAFÉ. CUPPA COFFEE. WHATEVER YOU CALL IT, THAT BURST OF CAFFEINE ALWAYS MAKES IT EASIER TO START THE DAY. CONSIDERING IT’S THE THE SECOND MOST VALUABLE TRADED COMMODITY IN THE WORLD (SECOND ONLY TO CRUDE OIL) THE WORLD NEEDS A LOT OF MUGS TO KEEP UP WITH CONSUMPTION! CHOOSE A CUP CAREFULLY, YOU NEED A MUG THAT DOESN’T JUST MATCH THE DÉCOR, IT SHOULD MATCH YOUR ATTITUDE. by elisa krovblit

4 artsy

5 Wild side

7 sophisticate

8 enviro

6 foodie

9 morning person

1 H2K White Latte Mug $3.49. Visit canadiantire.ca 2 Bean Man Espresso Cup $1.95. Visit CB2.ca 3 LYDA Jumbo Cup, Rose $4.99. Visit ikea.ca 4 Utopia New Wave Mug with Seagull-do on one side, New Wave Girl on the other. $28. Visit jonathanadler.com 5 For Living Animal Mugs $14.99/set of 4. Visit canadiantire.ca 6 Le Creuset Mugs $35.23/set of 2. Visit williams-sonoma.com 7 Gold Monogram Mug $14.60. Visit William-sonoma.com 8 Aladdin Tform Recycled & Recyclable Mug $11. Visit mec.ca 9 Finn Mug $19.95. Visit CrateandBarrel.ca C26 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

spotlight on condos

C27

C28

spotlight on condos

24 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Unique in Westboro Have you dreamed of living in a gracious brownstone townhome, in a lovely old neighbourhood, surrounded by families and retirees and young professionals? Have you wished for something in Westboro, but without the old house hassle? Have you wanted to stroll along quiet tree-lined streets until you come to the old church, and your home?

Artistâ&#x20AC;&#x2122;s Concept

Ravenhill Common A private enclave of 19 freehold towns designed by Barry J. Hobin & Associates Architects Inc. will create a striking harmony of heritage and contemporary design.

still available. Prices from $599,400. Spring 2014 occupancy. Sales Centre 613-825-0080 461 Edison Avenue ravenhillcommon.com Monday to Wednesday Noon to 7 p.m.

VE NA

VE LA

HIL

VEN RA

ILL

IS ED

AVE

Thursday and Friday Closed

Weekends and holidays Noon to 5 p.m.

M CH

Located just two blocks from the heart of Westboro, these stunning open concept two- and three-bedroom homes range in size from 1,360 to 1,930 sq. ft. and include such features as direct access from underground garage, two-storey galleries and open lofts, private rear terraces and roof-top decks.

50% reserved! Choice locations

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 25

U O n N it l s y le 2 f t discover this unique enclave of 27 beautiful two & three bedroom freehold townhomes in ottawa’s established beacon hill neighbourhood.

BEACON HILL Just minutes from downtown and the Rockcliffe Parkway and surrounded by every possible convenience, you’ll have everything you need to make living at Euphoria a joy.

(613) 270-0777 SALES@TALOSHOMES.COM 26 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

taloshomes.com

WE ARE DIFFERENT EL

OD ope EST een ) 2 M ES OK etw ille M O , b sv HO RBR p RdStitt N ). U Car d RU le BO ff an ER vil (o arp DE tts C ti (S

ES AT

» Choose one of our many models « » Bring us your model «

» Custom modifications to any models or designs « » Creation of new custom design just for you « …. all this without paying a premium for our service:

CUSTOM DESIGNED HOMES AT NO EXTRA COST !!!! 5 existing locations: Cumberland, Navan, Westboro, Stittsville & Carp. or on your own land

BUNGALOWS & 2-STOREYS FROM the $400’s

NEW RELEASE: 2 Semi-Detached homes in WESTBORO.

(613) 296-7000

o ls jor ns A e a tio W M a o d ov n Re

www.MetricHomes.com jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 27

feature

Metric Homes’ customized homes fill a

Westboro niche L

ong known for working with clients to create the home that best suits their needs, Metric Homes is creating a special project in desirable Westboro. Providing two opportunities to own a dream home in this sought-after neighbourhood, the first buyer of the two attached homes can choose to build the custom-designed 2,200-plus-sq.-ft. homes side-by-side or front and rear. Pierre Bernier, owner and CEO, says Metric Homes decided to inspire clients by producing two different concepts. Clients can work closely with Bernier,

28 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

with owner and president Michel Charlebois, and with vice-president Stephan Keedwell. Their intent is to provide clients the opportunity to participate in their new home’s creation, and this project is no exception. The lot is 168 ft. deep, providing ample space to allow two attached homes. The front bungalow-style roofline and strategic laneway/garage placement reduces the impact on the street, fitting naturally with the gracious homes of the surrounding neighbourhood. The two concepts both present a shared driveway, one leading to a double garage, which looks single from the street, the other leading to garages located behind the street-facing home. The reduced driveway adds to the homes’ appeal, and allows for more greenery in the front yard. From there, customers can add the features they want – redesigning is part of what the Metric team offers.

metric homes’ Westboro

The team is excited about this new project and will be building similar homes on other infill lots in the future. Metric also frequently builds on client-owned lots. In a different style of project, but with the same client-first attitude, after demolishing the existing home. Metric is currently constructing a fascinating home in Alta Vista, for a client whose hobby is working on cars. Designed by architect Kevin Deevey the home boasts a 1,000-sq.-ft. garage/shop. The home’s modern industrial-styled design balances esthetics, cost and durability, producing a well-built and functional home with a special flair. Asked about the experience, owner Naresh said, “It’s been very positive. Metric is

location Ottawa and area sales centre Arbourbrook Estates, Carp contact 613.296.7000 metrichomes.com

extremely responsive. They’re flexible and attentive to what we’re after. Our vision, the architect’s designs and Metric’s ability and willingness to adapt their processes to what we wanted resulted in the best possible outcome for us.” Metric builds many custom homes within the city, using existing lots and infill homes in older neighbourhoods. One of their services is to aid homeowners suffering fire losses. Says Bernier, “When rebuilding after a fire, the homeowner has some control over the builder. We assess the value of the reconstruction, then apply the insurance funds to build what the customer wants.” Always known for innovation, Metric Homes was the builder of the first Energy Star home in Canada and is also the creator of the Home-Withina-Home concept. Metric also offers urban homes in the community of Deer Run in Stittsville (model home available for viewing), and two-acre country lots in Westlake South Estates in the established community of Carp (model home available in adjacent Arbourbrook Estates), both ideally situated for an Ottawa commute. East of the city three expansive two-acre lots remain in Camelot Estates in Cumberland, and one beautiful half-acre lot remains in Navan. For more information, visit metricomes.com, email the owners at pierre@metrichomes.com or michel@metrichomes.com, or call them directly at 613.296.7000. The main sales office and model home, 253 Cyd St., Arbourbrook Estates, is open Monday to Friday 9 a.m. to 5 p.m., weekends and holidays noon to 5 p.m. The second model home in Deer Run is open weekends and holidays noon to 5 p.m., or by appointment.

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 29

mortgageoptions

Supersize your

mortgage payments According to recent research, many Canadian homeowners

are worried about mortgage rate increases and admit that their mortgage is higher than they expected. “Flexible payment options can help take some of the guesswork out of interest rates increases,” says Marcia Moffat, RBC head of home equity financing. “Speaking with a mortgage specialist and making a few simple changes can help you save thousands on interest costs as well as take years off your mortgage.” Here a re a couple of tips to help you pay off your mortgage even faster.

» Make annual mortgage payments on the principle. Many mortgages allow you to make a lump sum payment once every 12 months or at renewal time, which is applied directly to the principal. If you come into a large sum of money through an inheritance or bonus, consider making a prepayment, which can shave years off your mortgage. » If you double up your payments once per year for 25 years, on a $250,000, 25-year mortgage at five per cent interest, you can save more than $30,000 and shave 3.5 years off your amortization term. »S witch to a bi-weekly mortgage payment schedule. Changing to an accelerated bi-weekly payment can be an easy adjustment that will help you save on mortgage interest. The bi-weekly accelerated payment works to help you pay down your mortgage faster as you actually end up making 26 bi-weekly payments a year versus 12 monthly payments. This adds up to one extra monthly payment every year. For more information, visit rbcroyalbank.com NC 30 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Unlock the power of mortgage pre-approval

So, you’ve decided to take the plunge into home ownership and start searching for your first home? Make sure you have your financing in order before you start your search. “Having a mortgage pre-approval is a critical component of buying a home, particularly for younger homebuyers,” says Marcia Moffat, RBC head of home equity financing. “It presents you as a serious purchaser to both realtors and sellers.” Pre-approvals have no obligation and help lock in your interest rate. It also clarifies your budget and sets your expectations accordingly so you’re not wasting your time viewing houses that are beyond your budget. With a pre-approved mortgage you will know what you can afford right away. On top of the pre-approval amount, consider your lifestyle preferences and how future cost increases may impact your payment comfort zone.

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 31

IT’S NOT TOO LATE TO…

DISCOVER EASTERN ONTARIO’S HOME BUILDERONE STORY AT A TIME • Larger Format • Industry Insights by Eastern Ontario’s Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice

2012 The Only Complete Resource Directory of Eastern Ontario Home Builders

Discover Ottawa/Gatineau’s top builders and developers – one success story at a time ›› EXPERT PANEL: Why now is a great time to buy ›› MORTGAGE ADVICE: Beware of mortgage rate fixation

2012 Home Builders’Annual Now Available! Contact nashrun.kamaludin@wall2wallmedia.com 613.729.1221 to receive your FREE copy!

2012 ANNUAL Cover_EO-FINAL.indd 1

3/8/12 1:48:31 PM

homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license.

32 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

fundamentallyspeaking

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

Mortgage essentials It’s a hot topic in a changing landscape, so learning as much as you can is time well spent by Wayne Karl Mortgage interest rates, still at historical

lows and expected to remain so well into this new year, represent a window of opportunity for those looking to buy a home. The mortgage industry is ultra-competitive, lenders often introduce new products and otherwise there are plenty of options for borrowers. If you could lock in at a low rate over 10 years, for But just as important is to example, that gives you the also spend as much time as comfort of knowing what necessary to find a broker or your mortgage payments banker you trust and who will be over that period, knows their business. while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there is some talk at the moment about cooling prices and softening sales. But even if that were to happen in your market and housing

type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, the banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances. The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching potential neighbourhoods, choosing a home and, when buying new, selecting interior finishings. But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever. It will prove to be time well spent. jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 33

mortgageoptions

Explore the options before you sign your next mortgage renewal When it’s time to renew your mortgage, sharpening your focus and thinking about your future could help put thousands of dollars in your pocket. Too often, Canadians receive their renewal notice and sign on the dotted line without weighing their options. Don’t be swayed by the convenience. By doing your homework, you’ll likely be one step closer to being mortgage-free. Chances are your circumstances have changed from when you obtained your first mortgage. Whether it’s a change in your job or family situation, renewal time is a great opportunity to re-evaluate your needs and the mortgage that would work best for you. In most provinces when you renew your mortgage, you are simply starting the mortgage from scratch. The existing mortgage is closed and a new mortgage with new terms and rates is set up. Typically, the process starts when your lender sends you a mortgage renewal statement about 30 to 45 days before your current mortgage matures. At that point, you will have to make an important decision about your future mortgage. Will it be based on signing the renewal notice and returning it to your financial institution, or will you take the time to meet with your lender face-to-face? If you make the wrong choice it could be a costly mistake. Since most 34 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

lenders want to keep your business, meeting with them could help you secure a reduced interest rate and a better term. The renewal letter from your lender may not give you the best rates available. In fact, these are often higher than the lender’s lowest rate. Negotiating a rate and other privileges can strengthen your financial position over a period of time. If your lender is not willing to do this, you are not obliged to renew your mortgage with them. Understanding Your Options 01 If you can afford it, pay down on the existing mortgage before signing the new deal. It can save you a lot of interest over the life of the mortgage. 02 Banks are often willing to negotiate rates and terms, but are restricted by the products they have. On the other hand, mortgage brokers deal directly with the mortgage underwriting department from most financial institutions and can look for the lowest interest rate on your behalf. Whether you choose to deal with a bank or a mortgage broker, both aim to find you a mortgage based on your needs. 03 The new mortgage should be tailored to your specific needs and not to the latest headlines in the financial section of the newspaper or on television. Interest rates can rise and fall like a roller-coaster and are hard to predict over long time frames. 04 Northwood Mortgage recommends that if the renewal rate is lower than your previous rate and you are still comfortable with making these payments, keep the payments the same at the lower rate. By doing this, you will reduce the amortization period of your mortgage. 05 There is a variety of mortgage types available for homeowners and choosing the right one can be confusing.

If you can afford it, pay down on the existing mortgage before signing the new deal. It can save you a lot of interest over the life of the mortgage. Lenders will offer you terms ranging from short-term open to longer-term closed and locked-in rates. Centum Pacific Mortgages suggests that if you plan to sell your home soon, a short-term mortgage or one with flexible terms will help you avoid penalty charges before the mortgage comes to an end. Making more money? Try shortening the term of the mortgage by paying bigger lump sums each month. This strategy not only cuts the repayment period, it also saves you interest in the long term and pays down your mortgage faster. Although it increases your monthly mortgage payment and raises your monthly expenses, itâ&#x20AC;&#x2122;s a great option for those who are financially sound, planning an extended leave or working toward early retirement. Apart from making larger payments, you can also change the frequency of your mortgage payment from monthly to biweekly or weekly installments, which will save you a bundle in the long run. If your budget is tight, choosing a long-term mortgage with a lower, fixed-interest rate may be a better option. A three-, four- or five-year term is considered a long-term mortgage. And even though the rates are higher than a short-term mortgage, it can help you manage your budget accordingly. 06 You can increase or decrease the amortization period of your mortgage, which can range up to 30 years. If you are looking to minimize your monthly payment, a longer repayment period is perfect. If you are looking to pay off your mortgage faster, a shorter amortization period is the way to go.

07 Renovations are a great way to increase the value of your home, but these projects are usually expensive. You can make this type of project affordable by adding a line of credit to your mortgage, using existing equity or keeping your mortgage payments low. 08 Refinancing your mortgage is something you may want to consider during mortgage renewal time. Refinancing frees up cash you may need for the unexpected. If you choose to refinance, Centum Pacific Mortgages says you must pay out the mortgage in full and arrange a new mortgage with the same or a new lender. However, you will be expected to pay extra fees such as appraisal, legal and other costs, as it is considered a brand new mortgage. Becoming mortgage-free requires some planning. Taking a fresh look at your future and staying on top of your renewals will not only help you get the best deal, it will also help you enjoy the benefits of home ownership sooner.

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 35

ottawa

hot sheet

Ottawa Eastern Ontario Gatineau Regions

ashcroft Homes Central Park • the next You want to live where downtown spirit meets community character. Where your prime location is your pathway to the best of Ottawa. Where bountiful greenspace blends naturally into your day. Where smart design shapes the experience outside and in. Where everything just clicks. The Next brings it all together – brilliantly. Smart condo living at the heart of Central Park. Starting at mid $200’s. Register now for VIP pricing at benext.ca Westboro • QWesT A stroll under the arches and along Sisters’ Walk will be enough to convince you of how greenspaces and good design make life beautiful at Q West. The Q West team’s inspired vision both preserves and enhances this landmark property. It’s a marvel of community planning and building design, highlighted by inviting courtyards and communal spaces, and a grand centrepiece in Abbey Court, the upscale dining, shopping and leisure destination. Just released, second floor terrace suites! Visit our model suite located at the corner of Richmond Rd. and Leighton Terrace in Westboro or call 613-221-5926 liveqwest.com CARDEL HOMES KoL CONDO • Blackstone New condos coming soon in Blackstone! We’re excited to bring a sleek collection of modern condos to, Kanata’s newest master-planned community, Blackstone. Featuring top-quality finishes in a contemporary building, KoL at Blackstone will offer the best of low-maintenance living. Register today to receive updates on this exciting new community. cardelhomes.com LONGFIELDS • Barrhaven New community coming soon In Barrhaven! Featuring new home design surrounded by greenspace with quick access to shops, services, recreation and schools. Register today to receive updates on this exciting new community, coming soon. cardelhomes.com Construction Chabitat Gatineau • Les Vieux Moulins Our splendid condos, condoclimat, designed for you by professionals. Come visit the sample unit at 14 - #2, des Alluchons Gatineau St., Gatineau (Aylmer Sector). chabitat.com Courtyards Ottawa • a Greatwise community Courtyards is a thoughtfully designed master-planned condominium community that infuses distinctive condominium residences with lush gardens and beckoning community spaces. Baseline Road at Morrison Drive, West Ottawa. Alexandra Kwong 613-693-0808, info@mycourtyards.ca mycourtyards.ca DOMICILE BEECHWOOD VILLAGE • The Kavanaugh The Kavanaugh offers village life in the city: quaint, but with cachet – and just minutes from Parliament Hill. Famed bistros and bakeries line a streetscape surrounded by greenspaces, bike paths and landmarks. 613-897-7873. thekavanaugh.ca Ottawa • HŌm Introducing HŌm, nestled beside Ottawa’s Little Italy and Dow’s Lake. Everything’s within reach – including the price. 613-728-7873. hombydomicile.ca wellington west • ONE3ONE one3one is at the centre of the urban, tasteful and cultural Wellington West. All units with access to a rooftop terrace, rear courtyard, guest suite, fitness room, yoga room and a party room/entertainment room. Pre-register online or call 613-728-7873. one3one.ca EQ Homes Carp • Village Walk Offering bungalow townhomes and bungalow semis. eqhomes.com Ottawa • Canal East Coming soon – 10 executive townhomes, by the Rideau by EQ Homes. Designed by Barry Hobin. Located on the corner of Greenfield and Montclam. canaleast.ca KEmptville • eQuinelle & The Legends at eQuinelle Offering: Single-family detached bungalows and condo apartments. A new adult-lifestyle bungalow townhome model is now open in the master-planned golf-course community of eQuinelle, 15 minutes south of Barrhaven. eqhomes.com Kanata • Fernbank Crossing Site location, 5611 Fernbank Rd. Sales trailer location, corner of Tillsonburg and Terry Fox Dr. Opening soon – Fernbank Crossing: an exciting new master-planned community with parks and open greenspace within easy walking distance of shopping. Discover an array of detached bungalows on 42- and 50-ft. lots, as well a limited release of semis. Contact: sales@fernbankcrossing.com eqhomes.com Kanata • Foxwood Offering condo apartments. eqhomes.com 36 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Holitzner Homes Stittsville • Deer Run Final Phase now open – your last opportunity in Stittsville. Your choice of bungalows, main floor master homes and large two-storey homes on beautiful 46- to 50-ft. pie-shaped or wide lots backing onto greenspace. CARP • HIDDEN LAKE Offering the only large lot development in the West End, this private enclave features award-winning single-family homes, bungalows and twostorey homes built on spacious fully serviced sites surrounded by natural landscaped settings. Greenspace lots are also available with lake views. holitzner.com Holitzner/Tartan Homes Barrhaven • Fraser Fields A new neighbourhood featuring singles and semi-detached homes, located off Strandherd Dr. Close to established parks, schools, amenities and Hwy. 416. holitzner.com, tartanhomes.com LA Group EAST OTTAWA • UPPER EAST SIDE Final block under construction, only 12 executive stacked towns remain. Prime parkside location still available. June 2012 occupancies. Call 613-747-8863. uppereastside.ca Kemptville • Kemptville Meadows Discover higher value at a lower price! Stacked townhomes from 1,138 sq. ft. from only $219,500. Due to overwhelming demand, Phase 3 is now also under construction! Ask about our ZERO Down Payment Program and Limited Time Bonus Offer! Come tour our Model Home. 206 Fir Lane, Kemptville. 613-366-2007. kemptvillemeadows.ca Lamb Developments OTTAWA • Gotham Coming soon to centretown. gothamottawa.com Larco homes Barrhaven • Longfields Innovative semi-detached and single-family homes in Barrhaven – models now open – watch for ads! larcohomes.com Central • huntclub • Solera Inventory Sale - Save Thousands. larcohomes.com OTTAWA • Accolade Larco presents Accolade, 23 Upscale Townhomes in Craig Henry form $385,000 Model homes now open! larcohomes.com Les Placements Riviere Gatineau Ottawa • the viu Ultra modern condominium opening. theviu.ca Linden Developments Distillery Warehouse • Authentic Lofts Warehouse inspired lofts, with industrial kitchens, brick walls and pioneering design to celebrate Ottawa’s industrial past with prices from the mid $200’s. Register now at distillerywarehouse.com to receive updates and an invitation to the VIP event. Downtown goes Southside! Call 613-793-5500. LONGWOOD Deevy’s Homestead Opening Soon • Kanata Adult Lifestyle Attached Bungalow Towns Equestrian Drive in Kanata. Pre-register now. deevyshomestead.com or call 613-738-1349 for appointment. HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB We have a new adult lifestyle attached bungalow community coming up in Hunt Club. Coming soon: Adult lifestyle attached bungalows – for priority pre-pegister at: neighbourhoodsofhuntclub.com or call 613-738-1349 for appointment. ottawa • Sonia by the rideau New 70 Unit Condo in Ottawa East. e-mail d.greene@longwoodbuilders.com OTTAWA SOUTH • MONTAGE 36-unit condo building in Ottawa South. Sales centre now open and located at corner of Clementine and Ohio. Call 613-897-0044 or d.greene@longwoodbuilders.com MASTERCRAFT STARWOOD WEST CENTRAL • SOHO CHAMPAGNE Mastercraft Starwood’s SoHo Luxury Condominiums is pleased to announce its third Ottawa location: SoHo Champagne – just one block west of Preston St. Experience all the fine restaurants and boutique shopping that Little Italy has to offer and pamper yourself with a hotelinspired SoHo Luxury condo. Register today to get an invite to our spring sales launch. sohochampagne.com Ottawa • SOHO LISGAR New release of suites on the 12th to 15th floors. the ultimate hotel-inspired lifestyle in a designer condominium, in the heart of downtown. Call 613-798-7646. soholisgar.com

ottawa

BUILDERS: If you would like to include your new model home or site opening, email Nashrun.Kamaludin@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide! Mattino Developments Barrhaven • Longfields Central exciting new community coming soon! Longfields Central will consist of executive townhomes and condos nestled in a mature part of Barrhaven. It is surrounded by schools and shopping. Visit our sales centre and model homes located at 211 Claridge Dr. for further information. Phone 613-440-3767 or email info@mattinodevelopments.com Metric Homes Carp • Westlake South Estates Westlake Estates offers 22 estate lots on two to four acres on a private cul-de-sac and most lots are tree-covered. stittsville • deer run Metric is pleased to introduce one of our five new models the Maplewood 1 modified to our Deer Run community line up. Opening soon. At 3,200 sq. ft. plus open space, this home features a open loft at the second floor, circular staircase, walk in closet in most bedrooms, open to below area, laundry mudroom on main floor. The large kitchen, family room is able to entertain large groups of family or friends. Please visit us at sales office on Rockson Crescent Saturdays and Sundays between noon and 5 p.m. or call 613-296-7000. Deer Run Model Home now open. metrichomes.com WESTBORO • Qwest 529 Broadhead Ave. two custom designed semi-detached homes on a 168-ft. deep infill lot. Innovative street friendly and appealing design. Two proposed concepts. The first purchaser will decide which concept will be built and will customize its new home. Priced in the $700,000s. Minto Landsdowne • Minto A new world of possibilities is opening at the heart of Ottawa. Centrally located between the Rideau Canal and the beautiful Glebe neighbourhood, Minto@lansdowne is an urban oasis at the heart of a bustling city. An exciting collection of high-rise suites and townhomes on sale this fall. Register today for our exclusive preview at: lansdowne.minto.com Minto/Canderel Westboro • UpperWest This 25-storey distinctive new residence offers stunning condos with the best views in Westboro. Located on the Ottawa River Parkway, UpperWest boasts dramatic, expansive views of greenery, water, the Ottawa skyline and miles of unobstructed scenery. Condo suites and townhomes on sale this fall – register now for an exclusive preview at: liveupperwest.com MONARCH CORP KANATA • BLACKSTONE Executive 46-ft. singles from $439,990. Two-storey townhomes from the high $200,000s. monarchgroup.net KANATA • Trailwest Executive townhomes from the high $200,000s. monarchgroup.net NEPEAN • STONEBRIDGE Ottawa’s award-winning golf course community. Luxurious singles from the mid $400,000s. Executive townhomes from the mid $200,000s. Stacked townhomes from the low $200,000s. Call: 613-692-9284 monarchgroup.net Phoenix Homes ALMONTE • WHITE TAIL RIDGE Small town feel with all the amenities of a big city and the largest lots available anywhere. Contact Liane McKinley 613-369-5842 settlers’ grant KEMPTVILLE • PHASE 6 Estate lots fully treed with mature maples, birch, spruce, pine and Tamarack Custom built homes starting at $430,000 and premium lots priced for an additional $5,000 to $40,000. settlersgrant.ca SPRINGCRESS WESTBORO • RAVENHILL COMMON A private enclave of 19 Freehold Towns, designed by Barry J. Hobin & Associates Architects Inc., to create a striking harmony of heritage and contemporary design. Located just two blocks from the heart of Westboro, these open concept two- and three-bedroom homes range in size from 1,360 to 1,930 sq. ft. and include such features as direct access from underground parking garage, two storey galleries and open lofts, private rear terrace and roof top decks. Get it all, lock and leave lifestyle, your own private yard and steps from all your favourite Westboro shops and restaurants Ravenhill Common, Contemporary Brownstones - 450 Churchill Ave. North, one block south of Byron at Ravenhill Sales Centre and model now open, entrance from 461 Edison Ave. corner of Ravenhill Prices from $599,400 Estimated project completion early 2014. ravenhillcommon.com Sales info: (613) 825-0080 salesinfo@ravenhillcommon.com

hot sheet

TALOS HOMES ARNPRIOR • RIVER RIDGE Single-family homes – Visit our sales centre located at 979 Shefford Rd., Ottawa. Saturday and Sundays from noon to 5 p.m. or anytime by appointment. 613-270-0777. taloshomes.com Beacon Hill • EUPHORIA TOWNS Freehold townhomes – Visit our sales centre located at 979 Shefford Rd., Ottawa. Saturday and Sundays from noon to 5 p.m. or anytime by appointment. 613-270-0777. taloshomes.com Cartier wellington Gatineau • Cartier wellington A striking new landmark exterior composed of metal, glass and masonry built to rigid LEED ecological standards, contemporary architecture offers you energy efficient, ecological and innovative 14-storey modern structure. Huge windows engineered for thermal efficiency give abundant natural light in every living space. Already 50 per cent sold. Pre-construction pricing still in effect! cartierwellington.ca Tamarack Homes Leitrum • Findlay Creek Grand opening! Five new decorated townhome models in Findlay Creek Village. Call 613-247-0081 or visit tamarackhomes.com The Wayfare Brockville • Waterfront Condominiums The Wayfare is Brockville’s newest and most exciting 10-storey condominium featuring premium waterfront property with beautiful views of the 1000 Islands region of the St. Lawrence Seaway. Within walking distance of downtown Brockville, and only a short drive to Ottawa, Kingston and Toronto, The Wayfare offers exceptional on-site amenities including walkout shoreside patio, indoor pool and hot tub, exercise room, guest suites and indoor parking. Sales centre and model suite now open! 119 Water St. W. (at Henry), Brockville thewayfare.ca, info@the wayfare.ca or call 1-855-445-0445. Uniform Urban Developments Manotick • Maple Creek Estates Stunning estate lot community with a close connection to the city – the best of both worlds. Two model homes open for viewing. Call 613-491-2277. Kanata • Richardson Ridge Single-family homes starting from $497,000. Sales centre located at the corner of Terry Fox Drive and Richardson Side Road. Call 613-853-4302. urbandale construction Kemptville • Equinelle New 44-ft. lots now released on the golf course. View our two model homes. urbandale.com Kanata Lake Visit our modern elevations model homes called the Horizon Collection. Singles and townhome models available for viewing. valecraft Homes Mer Bleue/Orléans • bradley estates New release of single-family homes and executive townhomes. New to Bradley Estates: nine redesigned models with full-brick fronts and stone skirts. valecraft.com WINDMILL DEVELOPMENTS OTTAWA • CATHEDRAL HILL CONDOMINIUMS Ottawa’s newest, most innovative condominiums are located on Sparks Street, west of Bay. With stunning views of the Ottawa River, Gatineau Park and Parliament Hill, these urban condominiums (targeting LEED Gold minimum) combine the vibrancy and convenience of downtown living with the calmness and serenity of a green oasis. For more information and to register, visit cathedralhill.ca or call 613-566-7010. Hintonburg • The Eddy Step out of the current and into The Eddy – six storeys of green, urban condos built for life in Hintonburg. Featuring a shared rooftop social space, this is the hippest address in Ottawa’s hippest neighbourhood. The Eddy – by Windmill Development Group, Canada’s greenest developer. Pre-register now at TheEddy.ca

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 37

homebuyers’help

Calculate your mortgage payments interest rate

amortization period

chart figure

example: 5%

25 years

5.82

mortgage amount ÷ 1,000 (mortgage amount $125,000)

125

Follow these steps to see if you’ll qualify for a mortgage on your dream home

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

Multiply this figure by the amount you need to borrow. Divide by 1,000.

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

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

Take the total price of the home and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream home. Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

38 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

monthly payment

Mortgage payment calculation chart %

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 39

Builder Name

Site Name

Prices

De t

Location

ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le

advertisers index

Page

WEST Arnprior

Campanale

Riverwood Estates

Carp

Holitzner

Hidden Lake

Kanata

Cardel

Blackstone

Inquire

14,15

Kanata

Claridge Homes

Bridlewood Trails

Kanata

Longwood

Deevy's Homestead

Kanata

Mattamy

Fairwinds

Kanata

Mattamy

Monahan Landing

Kanata

Monarch

Blackstone

Kanata

Monarch

Trailwest

Kanata

Phoenix

Fernbank Crossing

Kanata

Tartan

Trailwest

Kanata

Uniform Developments

Richardson Ridge

Kanata

Valecraft

Trailwest

Stittsville

Cardel

Deer run

Inquire

Stittsville

Holitzner

Deer run

Inquire

Stittsville

Metric

Arbourbrook Estates

Inquire

Stittsville

Tamarack

Jackson Trails

Inquire

From $364,900

From $224,990

6, 7

From $222,990

6, 7

x x

Inquire

4,5

From high $200's

From $385,900

From low $300's

$497,000 From high $200's

9 11

Central Craig Henry

Larco

Accolade

From $369,000

Westboro

Springcress

Ravenhill Common

From $580's

3 25

SOUTH Barhaven

Claridge Homes

West Pointe Village

Inquire

14,15

Barrhaven

Campanale

Longfields

Inquire

Barrhaven

Holitzner

Fraser Fields

Inquire

Barrhaven

Larco

Longfields

Inquire

Barrhaven

Mattamy

Half moon Bay

Barrhaven

Tamarack

The Meadows

Inquire

Findlay Creek

Claridge Homes

Sundance

Inquire

14,15

Hunt club

Claridge Homes

Huntclub Flats

Inquire

14,15

Hunt club

Larco

Solera

x x

$219,990

From mid $600,000

6, 7

Hunt club

Longwood

Huntclub Bungalows

Inquire

Kemptville

Settlers' Grant

Inquire

Leitrim

Tamarack

Findlay Creek

Inquire

Nepean

Monarch

Stonebridge

Inquire

4, 5

Nepean

Monarch

The Links

Low $200's

4, 5

Richmond

Metric

King's Grant

Inquire

Riverside South

Claridge Homes

Summerhill Village

Inquire

14,15

Inquire

South East Ottawa Tamarack South Ottawa

Campanale

40 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Findlay Creek Prince of Wales on the Rideau

Builder Name

Site Name

Prices

De t

Location

ac Se hed m Bu i ng al To wn ow ho Ad me/ C ul t L o nd ife o sty le

advertisers index

Page

EAST Beacon Hill

Talos

Euphoria

Inquire

Cumberland

Metric

Camelot Estates

Inquire

Navan

Claridge Homes

Spring Valley Trails

Inquire

14, 15

Orleans

Claridge Homes

Royal Ridge

Inquire

14, 15

Orleans

Mattamy

Summerside

From $272,990

Orleans

Metric

Notting Hill

Orleans

Phoenix

Hillside Vista

Orleans

Tamarack

Chaperal

Rockland

Longwood

Morris Village

6, 7

Inquire

From $259,900

CONDO Brockville

Windmill Developments

The Wayfare

From $300's

C32

Central

Claridge Homes

Multiple sites

Inquire

Central

Domicile

The Kavanaugh

From $271,800

C9, C13

Central

Longwood

Montage

From $277,900

C21

Central

Soho Parkway

Soho Champagne

Inquire

Central

Soho Parkway

Soho Lisgar

From $289,900

Central

Valecraft

Aviation Private

Inquire

Downtown

Broccolini Construction

The Slater

From $199,900

Downtown

Lamb Developments

Soba

From $179,900

C19

Downtown

Urban Capital

Central 2/ Hideaway

Inquire

C11

Downtown

Windmill Developments

Catherdral Hill

Inquire

C18

East Ottawa

L.A Group

Upper East Side

Inquire

Hintonburg

Windmill Developments

The Eddy

Inquire

C27

Ottawa Central

Urbandale Corporation

99 Parkdale

Inquire

C23

Ottawa West

Phoenix

Pointe West

From $195,600

C28

West Ottawa

Qualicum

Woods Crossing

Inquire

C16

C14, C15

C17

jan 12 - 26, 2013 | New home & Condo guide eastern Ontario 41

Please see advertisers ads for Site locations

42 New home & Condo guide eastern Ontario | jan 12 - 26, 2013

Darling

almonte

west

north Gower

richmond

south

416

manotick

Vernon

Russell

embrun

Iroquois

Morrisburg

east

rockland

Morewood

Cardinal

osgoode

greely

Kemptville

Nepean

smith Falls Merrickville

Vanier

Cumberland

orleans

CeNtraL gloucester

ottawa

hull

aylmer

gatineau

stittsville Barrhaven

Kanata

Carp

South Elmsley

Carleton Place

Bathurst

Mcnab

arnprior

gatiNeau

QueBeC

417

Casselman

key map Stittsville, Carlton Place, West Carlton, Nepean, Kanata, Richmond, Riverside South, Barrhaven, North Gower, Greely, Kemptville, Morewood, Orleans, Embrun, Russell, Rockland, Aylmer, Hull, Gatineau.

401

GRAND OPENING

ADULT LIFESTYLE

ATTACHED BUNGALOWS

Sales Centre now open on site for these magniďŹ cent Adult Lifestyle Attached Bungalows on Equestrian Drive in Kanata. Only twenty two opportunities available. Priced from

$364,900

Monday to Thursday: Noon to 6:00 pm Saturday, Sunday & Holidays: Noon to 5:00 pm Closed Friday

613-435-2155

c.gervais@longwoodbuilders.com

www.DeevysHomestead.com

www.longwoodbuilders.com

Upgrade Your Life!