Eastern Ontario New Home & Condo Guide - Jan 7, 2017 by NextHome

JAN 7 - 21, 2017 VOLUME 17, ISSUE 1, FREE

-O PULL UT SEC AL TI CI

N O

SP E

EASTERN ONTARIO EDITION

FEATURING

DO M

IT IE S

spotlight on condos U INIU M COMM

AT HOME WITH

comfort INSIDE THIS ISSUE

TAKING THE LONG-TERM VIEW OF YOUR NEW HOME PURCHASE

OTTAWA TO HOLD ITS OWN IN 2017 MARKET PERFORMANCE

BRRRâ&#x20AC;¦ TIPS TO PROTECT YOUR HOME THIS WINTER

OUR ROOTS ARE DEEP

For generations weâ&#x20AC;&#x2122;ve been here, helping Ottawa families create their homes and build their dreams. This is our home too, and weâ&#x20AC;&#x2122;re proud to have been a part of building this great city.

ottawahomes.minto.com

STUNNING DESIGN MEETS IMPECCABLE VALUE IN SUMMERSIDE WEST

SUMMERSIDE WEST – YOUR IDEAL PLACE FOR MODERN FAMILY LIVING Summerside West is our thriving new community in Orléans. Ideal for energetic, modern families, your community is centred around a 27-acre park & pond complex. You’re also conveniently close to great recreation, entertainment and shopping. Make your best choice, visit our Sales Centre today.

ELEV. ‘A’

VILLAGE HOME, THE MULBERRY CORNER ‘A’ 1,366 SQ.FT. $254,990

SALES CENTRE HOURS

Monday - Thursday 1 pm-8 pm; Friday 1 pm-6 pm; Saturday, Sunday and Holidays 11 am-6 pm

MODEL HOME HOURS

Monday - Thursday 1 pm-7:30 pm; Friday 1 pm-5:30 pm; Saturday, Sunday and Holidays 11 am-5:30 pm

The Sycamore Model Home in Summerside West, Orléans

Townhomes

From 229,990 $

Detached Homes

SALES CENTRE 2496 Tenth Line Rd 613-837-5056

From 322,990 $

Proud Partner of the Canadian National Track Cycling Team

30' HOME, THE MARIGOLD CORNER ‘A’ 1,710 SQ.FT. $354,990 36' HOME, THE LILY ‘A’ 2,060 SQ.FT. $421,990

43' HOME, THE GRASSLAND ‘A’ 2,389 SQ.FT. $479,990

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

Iconic Homes and Communities METICULOUS SITE SELECTION

CLASSIC, TIMELESS, WITH A TOUCH OF MODERN

UNIQUE, ARCHITECT DESIGNED HOMES

BOUTIQUE APPROACH TO HOMEBUILDING

BEAUTIFUL NEW HOMES IN KANATA

EXCITING NEW FLATS AND BROWNSTONES IN KANATA

ELEGANT NEW HOMES IN STONEBRIDGE

STUNNING ESTATE LOTS IN MANOTICK

ROCKCLIFFE

Wateridge Village is a new community minutes from downtown overlooking the Ottawa River. It celebrates both the legacy of the former Canadian Forces Rockcliffe Lands and the brilliance of modern urban design. Building on its reputation for quality craftsmanship and design excellence, Uniform will offer an inspiring collection of single-family and semi-detached homes, designed by Barry J. Hobin.

SALES PAVILION NOW OPEN

SALES PAVILION HOURS Mon – Thurs: 12 – 7pm Fri – Sun & Holidays: 12 – 5pm Hemlock East off St. Laurent 613.552.1004

uniformdevelopments.com

WINNER OF THREE 2016 GOHBA SAM AWARDS

Award winning homes Claridge Homes was honoured with three awards from the Greater Ottawa Home Builders’ Association at the 2016 SAM Awards ceremony this year! Our Doyle model located at Spring Valley Trails in Navan won Best Single Family Home Model (2,000–2,499 sq. ft.), The Strathcona model at Hunt Club Flats won Best Low Rise Condo Model, and The York model located at Waterstreet won Best High Rise Condo Model!

30th Anniversary Celebration In honour of Claridge’s 30th Anniversary, and in addition to the variety of luxurious features already included in the new Diamond Series single family homes, purchasers will receive a BONUS finished rec room in the basement. Plus, design your home your way with up to $10,000* to spend at the Design Centre!

*Prices and specifications are subject to change without notice. E.&O.E. Some conditions may apply. Not available for inventory or move-in ready homes. See sales representative for more details.

Move in ready homes This winter Claridge Homes is wrapping up the anniversary of our 30th year with our best offers yet. As Ottawaâ&#x20AC;&#x2122;s largest builder of homes and condominiums we have plenty of move in ready homes waiting for you across the city. Ready immediately, or in as little as 4 weeks, we have homes big and small that will fit your unique lifestyle.

SOPHIA II B (Findlay Creek)

THE BREWER (Hunt Club)

Immediate Availability 3400 sq ft Single Home (Lot 124) Over $55K in upgrades Only $592,900

Immediate Availability 940 sq ft 2 Bed Condo Flat (Block C Unit 101) Only $270,900

JACKSON (Barrhaven)

CHESTER 4 BED (Riverside South)

Immediate Availability 3030 sq ft Single Home (Lot 98) Over $30K in upgrades Only $602,900

Immediate Availability 2265 sq ft Single Model Home (Lot 111) Over $70K in upgrades Only $549,900

QUEENSBY IV (Navan)

UNITY (Kanata)

Immediate Availability 1705 sq ft Townhome (Block 36 Unit 189) Over $60K in upgrades Only $324,900

Immediate Availability 1875 sq ft Townhome (Block 10 Unit 53) Over $30K in upgrades, corner unit Only $391,900

ClaridgeHomes.com

contents JAN 7 - 21, 2017 | VOLUME 17 ISSUE 1

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF SALES, NATIONAL

Moe Lalani SENIOR MANAGER, CONTENT

Jennifer Reynolds

C06

trending

The hottest housing market in Canada is...

ON THE COVER

Claridge Homes

Stirling Park Condos – at home with comfort

Paul Bimm EDITOR

Wayne Karl ART DIRECTOR

Tammy Leung

C12 Housing Market

SALES MANAGER, EASTERN ONTARIO

CONTRIBUTING EDITORS

Sonia Bell Elisa Krovblit Lydia McNutt

024 Housing Market

Rising household debt a vulnerability in Canada

028 Homebuying

Millennials’ knowledge of mortgage risks low: survey

SALES CO-ORDINATOR, EASTERN ONTARIO

Sarah Khan

NATIONAL CIRCULATION MANAGER

John Jenkins

PRODUCTION MANAGER

Helen Pearce

advice

PRODUCTION CO-ORDINATOR

C04 Make Your Move

Packing up your holiday cheer for another year

Dennis Ng GRAPHIC DESIGNERS

Miguel Cea Mike Terentiev

by Chuck Resnick

Condo Insert | C01-C16

Spotlight on Condos

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

014 Editor’s Note

C10 Home Smarts

Taking the long-term view of your new-home purchase by Marnie Bennett

025 Tarion Report

Tips to protect your home – and warranty – this winter

CIRCULATION Highly targeted, free distribution

029 Mortgage Advice

The 5 biggest mortgage mistakes to avoid

034 Hot Properties

by Alyssa Furtado

042 Neighbourhood Profile

+ online

043 What’s Online NEIGHBOURHOOD

property profile

026 Brigil Homes

Petrie’s Landing Tower II set to rise on shores of Ottawa River

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

WITH

DYNAMIC MAPS

Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1 ADVERTISING Call 416.626.4200 for advertising

rates and information.

by Howard Bogach

030 Mortgage Rates 040 Advertisers Index

PUBLISHED Saturdays, 2017 Publishing Schedule:

LOOK FOR THE CIRCLE

system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. COPYRIGHT 2017 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law. TERMS Advertisers, editorial content and New 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. Email wayne.karl@ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

I live for making memories. I live in

Discover your own. CARDELHOMES.COM SINGLE-FAMILY HOMES

CONDOMINIUMS

Editor’s Note

What’s in store for Ottawa in 2017? WHAT’S IN STORE for the housing market in

WAYNE KARL Senior Editor Yellow Pages NextHome Email: Wayne.Karl@ypnexthome.ca Twitter: @WayneKarl

Eastern Ontario in 2017? Would “more of the same” be a satisfactory answer? Let’s take a look. Last year was a reasonable one for Ottawa and area housing, with average sale prices rising in the neighbourhood of one or two per cent, depending on the property type. And “more of the same” is forecast for this year, according to major realty firm ReMax Canada. Such numbers may not sound like spectacular growth, compared the double digit increases seen elsewhere in the province and in Canada. But then again, other markets are also dealing with crippling affordability issues and other serious challenges. In new homes, 2017 is expected to see more of a recently emerging trend in Ottawa – townhomes. For some buyers, this housing type is the perfect compromise of space, location and affordability. All things considered, slow and steady – or “ more of the same” – doesn’t seem so bad after all, does it?

ONLINE

SEE MORE PHOTOS ONLINE

The Glebe is one of Ottawa’s oldest suburban neighbourhoods, and it is still regarded as one of the places to live in Ottawa. Read the full story… ypnexthome.ca/glebe-dows-lake

+ get social 16 YPNEXTHOME.CA

Interact with us on social media: ypnexthome

DA Y!

N OP OW E

Welcome to Northshore at Greystone Village, a limited collection of Riva Towns and Vista Singles alongside the Rideau River, steps to hiking, biking and water sports and minutes to downtown. Featuring urban two-bedroom plus den Townhomes with contemporary features and two to three bedroom plus den Singles with meticulously finished and wellappointed spaces.

RIVERSIDE SINGLES & TOWNS IN OLD OTTAWA EAST

417

y swa een Qu

ve. sA Lee

St. gg Cle

Rideau River

GREYSTONEVILLAGE.CA

ve. te A OblaSITE

St. Main

Rideau Canal

Colonel By Dr.

Queen Elizabeth Dr.

t. aS bell Isa ve. ia A r o t Pre

Renderings are Artistâ&#x20AC;&#x2122;s Concept. E. & O. E.

SALES CENTRE 175A MAIN ST.

Lees Ave. Exit

Metcalfe Exit

MON-FRI 11AM - 6PM SAT & SUN 12PM - 5PM

you’ve arrived

•

luxury condo in barrhaven

•

1 & 2 bedroom

Steps from Longfields Transit Station. Facing South Nepean Park. granite kitchen countertops • upgraded light fixtures • elevator • underground parking • 6 appliances

*Artist’s Rendering of the Euro Star shown. See Sales Consultant for details. E. & O.E.

*Artist’s Rendering of the Traveller shown. See Sales Consultant for details. E. & O.E.

Doctor’s Clinic, Physiotherapist, Pharmacy and a Dentist’s Office.

Only 1 Commercial Unit Available — Inquire Today!

CONSTRUCTION ALMOST COMPLETE! Longfields Station Sales Centre | Model Homes 600 Via Campanale Avenue

campanale.com/station

email: longfields@campanale.com

CALLAHAN ESTATES | VISIONARY SERIES

The Lincoln 1,400 sq. ft. *Artist’s Rendering of the Lincoln shown. See Sales Consultant for details. E. & O.E.

Bungalows priced from the

LOW LO

$300’s

The Edison 2

1,263 sq. ft.

*Artist’s Rendering of the Edison 2 is shown. See Sales Consultant for details. E. & O.E.

visit us at our model home & sales centre

Sales Centre Hours: Mon. – Wed. 11am – 7pm Weekends:12– 5pm (Closed Thursdays & Fridays)

campanale.com/visionary

Y Ve sa nt Le Or

PLATEAU DU PARC

9 KM froM parliaMent

Corner of ch. Pink & boul. des Grives, Gatineau

PP L O as rt t U n it

From the $320’s*

PLATEAU SYMMES 11 KM froM parliaMent 895-3 Boul du Plateau, Gatineau

W C at O e M r M Fr U O n n it t Y

From the $200’s*

DOMAINE DU VIEUX-PORT 9 KM froM parliaMent

1400 boul. St-Joseph, Gatineau

W C at O e M r M Fr U O n n it t Y

From the $670’s*

PETRIE’S LANDING I 21 KM froM parliaMent

8865 Blvd. Jeanne d’Arc, Orléans

W C at O e M r M Fr U O n n it t Y

From the $190’s*

PETRIE’S LANDING II 21 KM froM parliaMent

8865 Blvd. Jeanne d’Arc, Orléans

• High end ﬁnished • 9 foot smooth ceilings • PVC kitchen cabinets & granite countertops • Glass-panel shower & freestanding bath

• Hardwood ﬂoors • 9 foot smooth ceilings • PVC kitchen cabinets & quartz countertops • Glass-panel shower & freestanding bath

• Engineered hardwood ﬂoors • 9 foot smooth ceilings • PVC kitchen cabinets & granite countertops • Glass-panel shower & luxurious soaker tub

• High end ﬁnished • 9 foot smooth ceilings • PVC kitchen cabinets & granite countertops • Glass-panel shower & luxurious soaker tub

819.776.4663

819.682.4663

819.777.4663

613.824.4059

PP L O as rt t U n it

From the $280’s*

• Hardwood ﬂoors • 9 foot smooth ceilings • PVC kitchen cabinets & quartz countertops • Glass-panel shower & freestanding bath

LOREKA COURT 29 KM froM parliaMent

171 Loreka Court, Ottawa

C n ne O O W n W P st U H rU n as C de e ti r O n

From the $420’s*

CARLETON CROSSING

51 KM froM parliaMent 117 McGregor street, Carleton Place

From the $260’s*

• Hardwood ﬂoors • Gas ﬁreplace with surround • PVC kitchen cabinets & granite countertops • Glass-panel shower & luxurious soaker tub

*See Sales Representative for details. Prices, specifications, specifications, features and offerings offerings are subject to change without notice. E & O.E. Promotions may be changed and/or cancelled at any time without notice.

613.831.0126

613.257.4079

brigil.com

JAN 7 - 21, 2017 VOLUME 17, ISSUE 1, FREE

EASTERN ONTARIO EDITION

YOUR PULL-OUT GUIDE to highrise, conversion, loft, terrace & townhome condo projects

BRILLIANTLY DESIGNED & BEAUTIFULLY BUILT

1 TO 3 BEDROOM SUITES RANGING FROM 444 SQFT TO 1737 SQFT LOCATED IN OTTAWA’S COVETED BYWARD MARKET NEIGHBOURHOOD CURRENTLY UNDER CONSTRUCTION!

spotlight on condos

WHEN LIFE BECOMES AN ART

VISIT US TO DISCOVER OTTAWA’S NEW STANDARD SALES GALLERY 264 RIDEAU STREET, OTTAWA MONDAY TO THURSDAY: 12:00 PM TO 6:00 PM | WEEKENDS AND HOLIDAYS: 12:00 PM TO 5:00 PM (CLOSED ON FRIDAYS)

REGISTER NOW | ARTHAUSCONDOS.COM | 613 909 3223 © DevMcGill All rights reserved 2017. Specifications are subject to change without notice. Rendering is artist’s concept. Exclusive Listing Brokerage: TradeUp Real Estate Inc., Brokerage. Brokers Protected. E. & O.E. 2016.

Revision Final Bleed

Insertion date

Material Deadline

Studio

Anything but mainstream

613 806 6246 | CornersOnMain.ca

Ad Number

Sales Centre, 223 Main St. at Hazel, Mon – Thurs 12 – 6pm, Sat – Sun 12 – 5pm

spotlight on condos

Final Trim

Final Live

There is much to love about the revitalization of Main Street in Old Ottawa East. But when choosing a new home, only Domicile can give you a condo with just as much character as the street itself. Discover a new way of life, and a new way of living, at the Corners on Main presentation centre. Phase 2 is now selling, but won’t be for long.

Advice | MAKE YOUR MOVE

Packing up that holiday cheer By Chuck Resnick

MORE ADVICE ONLINE ypnexthome.ca/news/advice

NOW THAT THE HOLIDAY hustle and

bustle is done for another year, it’s time to pack it all up. Thoughtful packing of seasonal decorations and materials at the end of the holidays for the next year can keep the fun in what is, for some, a stressful time. In other words, it pays to plan – even 12 months ahead. Careful packing and organization prevents damage and breakage, and ensures you can find everything next year. Here are some tips to keep in mind while packing away holiday decorations. Delicate items » Wrap breakables in tissue or packing paper, or use bubble wrap. Do not use newspaper – the print may wear off on ornaments. And instead of throwing away used paper or junk mail, run it through a paper shredder – it makes great packing filler. » Boxes with dividers are best to pack ornaments in. They come with adjustable inserts that form individual cells for delicate items. » Keep extra hangers, hooks and ornament parts in a labeled bag or box. Lights » To prevent tangles, wrap lights around empty gift-wrap paper tubes. » Leave the plug accessible by taping the ends of the light strands to the end of the tube. Next year, you C4 YPNEXTHOME.CA

can quickly test the lights before unwinding them. » Store coloured lights in a dark place to prevent fading – especially blue, green and purple. Wrapping paper » Hanging garment bags provide good storage for wrapping-paper rolls. Use outside pockets for gift tags, cards and tissue paper. » To protect used rolls of paper, cut an empty wrapping paper tube from end to end and slide it over the roll. » Ribbons and bows can be saved and reused. Pack these loosely so they keep their shape. Some other considerations » Wrap holiday candles individually in cellophane and store in a cool place so they don’t melt together. » Pack an “open first” box. Place the decorations you use first in here with essentials such as extension cords.

» Use a “wardrobe box” to hang and store seasonal clothing that you only wear twice a year like that special snowman sweater from your mother-in-law or that flashing Christmas tie. This way you can find it, wear it, and store it away on a hanger easily. » Take special care if you are storing your items in a damp area. Don’t store boxes near sources of heat and moisture. » Label every box. The more detailed the description, the easier it will be to find things next year. » Take a digital photo of special-care items like snow globes or wreaths, print them off on regular paper and tape the photo to the outside of the box as an easy description of what’s inside.

Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca

E IN MOV YEAR THIS

DOWNTOWN LIVING RICHCRAFT STYLING IT’S ON ITS WAY. The Bowery Condos by Richcraft. Located at 255 Bay — just steps from the Lyon Street LRT station. European appliances, quartz counter tops, hardwood a place to gather, lounge, eat, swim and workout. Presentation Gallery: 136 Bank street. MODERN STUDIO, 1+2 BDRM + 2 STORY LOFTS FROM $194,000

THEBOWERYCONDOS.CA • 613.695.7577

spotlight on condos

condos + lofts

Property Profile | BRIGIL HOMES

condo cover story

Brigil’s Petrie’s Landing The second tower is rising!

spotlight on condos

SURROUNDED BY STREAMS,

mature trees, plants and wildlife, Petrie Landing Tower II by Brigil Homes is a waterfront community that will please outdoor and relaxation enthusiasts with its wide variety of activities and recreation, including golf courses, beaches, hiking trails, bike paths, boating and numerous summer festivals. Brigil continues to play a large role in the redevelopment and transformation of Orleans. Orleans is now more than a place to rest your head – there is a quickly growing job market, amenities,

and activities for you and your family. You can have everything you need right at your fingertips. With more than 8,500 homes built in the National Capital, and almost 30 years of experience with building dreams, owner Gilles Desjardins is proud of his company’s commitment to the environment. Brigil ensures a superior quality finish in all homes it builds, which means you are not only buying a magnificently built home, you are buying into the future of the environment. Desjardins sees the integration

of the environment into Brigil’s developments as “bettering the quality of life.” Building a better quality of life isn’t only the company’s motto, it is its commitment to providing each buyer with a home that surpasses expectations. Petrie’s Landing Tower II, located on the shores of the Ottawa River in Orleans, is ideal for all types of buyers. These luxurious condos offer the best in modern living with spacious rooms, premium finishes and breathtaking views of the Ottawa River and Gatineau hills. With easy

Location

Orleans Builder

Brigil Homes Development

Petrie’s Landing Home Type

Condo Sales Centre

8865 Jean D’Arc Blvd. North (formerly known as: North Service Road), open Monday to Thursday noon to 6 p.m., Friday closed, open Saturday and Sunday noon to 5 p.m. Contact

613.824.4059

access to Hwy. 174 and 417, these condos offer the convenience of city living, but with the greenspace that you are longing for. Head out for an afternoon of shopping, hit the trails with your bike or head to the beach for a swim. Whatever you have in mind, this spectacular Orleans community will deliver. The second tower at Petrie’s Landing is currently under construction. This 15-storey building will offer a unique way of living. Admire the views of the Outaouais River and the Gatineau Hills from

your oversized balcony. The tower will include a spectacular urban lodge with a pool, spa, an outdoors kitchen with a barbecue, gym and relaxation area. The views from the lodge are a must-see. Homebuyers will quickly be won over by the modern urban lodge. Come home each day after a busy day and quickly unwind in the spa or the pool. Best of all, these amenities are all included and there for you to use daily! The second tower offers 145 condos with the option of one- or

two-bedroom units. Each of these luxurious and contemporary suites will have a functional and trendy kitchen, a spacious bathroom with a glazed shower, and a roomy bedroom with spectacular views of the Outaouais Valley. Add 9,000 sq. ft. of communal space on the roof, indoor parking, lockers and a secured entrance, and you got it all! There only a few units left for purchase. To experience the quality and style of a Brigil home firsthand, please visit brigil.com or stop in at the sales centre.

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO C7

Buy at CLARIDGE FUSION and save $50,000 on your purchase price* Your Own Urban Oasis At Claridge Fusion, all of lifeâ&#x20AC;&#x2122;s pleasures come together in one eco-friendly living environment. Fusion is LEEDÂŽ Silver certified, and incorporates our most comprehensive array of green initiatives yet. Buy a 2 bedroom unit now and close in 2016 to receive a limited time offer of $50,000 off your purchase price, plus a free parking spot! Visit our sales centre today for more details.

spotlight on condos

300 Lett Street 613.232.2049

www.claridgefusion.com

* Excludes boutique townhomes, parking spot included with purchase. Must close before December 31, 2016 to receive offer. Prices and specifications are subject to change without notice. E.&O.E.

moreValue

Move-in ready units. Up to $10,000 in designer finishes included! STIRLING PARK | MERIVALE Now occupying! 1 & 2 bedroom units starting from $272,000 330 Titan Private, Unit 107, Ottawa 613-224-0330 WATERSTREET | LOWERTOWN Now occupying! Studio, 1 & 2 bedroom units starting from $195,000 316 Bruyère Street, Unit 112, Ottawa 613-680-6560 CLARIDGE PLAZA 3 | RIDEAU STREET Models now open! Move-in ready 1 & 2 bedroom units starting from $339,000 244 Rideau Street, Ottawa 613-241-3235 File is half size FINAL: 48” x 48”

CLARIDGE PLAZA 4 | RIDEAU STREET Now occupying! Studio, 1 & 2 bedroom units starting from $232,000 244 Rideau Street, Ottawa 613-241-3235

FUSION | LEBRETON FLATS Models now open! Move-in ready 1, 2 & 3 bedroom units starting from $278,000 300 Lett Street, Ottawa 613-232-2049 TRIBECA EAST | DOWNTOWN METCALFE Now occupying! Studio, 1 & 2 bedroom units starting from $248,000 56 Nepean Street, Ottawa 613-234-1780

moreChoice

CLARIDGE ICON | LITTLE ITALY Now under construction! 1 & 2 bedroom units starting from $291,000 485 Preston Street, Ottawa 613-695-1441

THE LOFTS AT TRIBECA | DOWNTOWN METCALFE Now under construction! 1 & 2 bedroom units starting from the mid $400s Includes underground parking 56 Nepean Street, Ottawa 613-234-1780

ClaridgeHomes.com

spotlight on condos

Now under construction. Secure your new home and ask about our upgraded finishes at these locations.

Advice | HOME SMARTS

Investing in your home Taking the long view By Marnie Bennett

MORE ADVICE ONLINE ypnexthome.ca/news/advice

IF YOU’RE READING this magazine, chances are you have the intention of finding the perfect home for you and your family; a place to live happily and put down roots. Whether you’re new to the market or an experienced homeowner, that’s a worthwhile goal. Now, I’d like to help you look at that goal from a slightly different perspective: your home is likely the largest financial investment you’ll ever make. When the time comes to move on, the increased value of your home will yield money you can put in the bank – or, better yet, towards your next real estate investment. Thinking of real estate with an eye to its future worth can help you to make important decisions during the new home search. It may encourage you to purchase a home in an up-and-coming part of town rather than a well-established area, with the knowledge that property values will rise as the neighbourhood is gentrified. It may mean looking into the zoning for nearby undeveloped land to ensure that your home won’t wind up next to an industrial park, bringing property values down. Helping your investment stand the test of time may mean choosing a neutral kitchen backsplash rather than a trendier option. It may even mean selecting design features that you personally don’t consider important: just because you favour showers over baths, for instance, doesn’t mean it’s a good idea to skip C10 YPNEXTHOME.CA

the bathtub in your master en-suite. Ten years down the road, that missing bathtub may be a deal-breaker for many prospective purchasers. Once you’re settled, it’s important to keep the value of your investment high. That means proper upkeep and getting feedback from your real estate agent before undertaking any renovations. Landscaping is a terrific, costeffective way to add value to your home: a sapling costs very little, but in time it will grow to be a beautiful, irreplaceable asset. Real estate is one of the few investments you can enjoy from beginning to end. While stocks and bonds put your assets out of reach

until you decide to cash them in, a home is a tangible investment that surrounds your family with comfort every day. To receive a free copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy” email sales@ bennettpros.com Marnie Bennett is a broker and team leader for Bennett Property Shop Realty, a full premium service real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of two weekly radio shows Marnie’s Real Estate Hour and The Real Estate Edge, a millionaire real estate investor and a wealth management coach. bennettpros.com

Live and Play ON THE

SOUTH COAST OF CANADA TALL SHIPS LANDING IS LOCATED IN BROCKVILLE, CITY OF THE WORLD FAMOUS 1000 ISLANDS. TALL SHIPS COTTAGE-INIUMS™ COMBINE CAREFREE CONDO LIVING IN AN EXTRAORDINARY COASTAL RESORT, AFFORDING YOU MORE TIME FOR MAKING MEMORIES WITH FAMILY AND FRIENDS.

NEW

UP TO

S” TE

OMIZATION S UST UI “C

$100,000 CASH BACK

IL E

QUANTITIES L

BEST RECREATIONAL WATERFRONT LIFESTYLE IN CANADA

613-498-7245 (SAIL) | TALLSHIPSLANDING.COM |

Co-operating Brokers Welcome

spotlight on condos

To book a viewing contact TallShipsLanding@Fuller.ca

C11

Trending

Canada’s hottest housing market is… By Wayne Karl

CANADA’S HOTTEST HOUSING market

is… Hamilton, Ont. Yes, the HamiltonBurlington district – not Vancouver or Toronto. But let’s come back to that. Prospective homebuyers throughout Canada, if ReMax’s forecast for 2017 is any indication, you’re about to get a break on home prices. Finally. Even would-be buyers in Vancouver and Toronto – heretofore Canada’s most piping hot housing markets. After achieving strong price growth – hitting record levels in some markets – over the last couple years, gains are expected to slow in 2017, creaking open a window of opportunity for those looking to buy a home. ReMax expects the average home price in Canada to increase two per cent in 2017, according to the realty firm’s 2017 Housing Market Outlook Report. “Strong demand in Canada’s urban centres is expected to continue throughout next year and into the foreseeable future, as almost half of Canadians plan to buy a home in the next five to 10 years,” says Christopher Alexander, regional director, ReMax Integra OntarioAtlantic Canada Region. Vancouver and Toronto still garner much of the attention for price growth. High demand and low supply continued to characterize housing markets in these cities throughout 2016, as competition from buyers for limited inventory of single-family homes pushed prices higher. The average residential sale price increased 13 per cent in Greater Vancouver to $1.02 million, and 17 C12 YPNEXTHOME.CA

per cent in the GTA to $725,857. Although demand remains high in both urban centres, limited inventory in the freehold market, the new-15 per-cent foreign buyer tax in Vancouver and the recent tightening of mortgage rules by the federal government are expected to soften market activity in the short term. In 2017, ReMax estimates average residential sale prices will increase by two and eight per cent in Vancouver and the GTA, respectively. Window of opportunity This slowing growth provides prospective buyers in these two markets a window of opportunity. “There will certainly be opportunity for first-time buyers in both markets,” Elton Ash, regional executive vice-president, ReMax of Western Canada, told New Home & Condo Guide. “The challenge will be in the higher qualification rates for high-ratio mortgages. Once first-time buyers, in essence, reset their affordability expectations, they will see price advantages in buying in 2017.” Regional markets in proximity to Canada’s highest-price cities continue to experience steady interest from local move-up buyers and buyers from these cities (so-called “move-over” buyers), who are looking to find a balance between affordability and square footage. The top markets for year-over-year price increases in 2016 were Hamilton-Burlington (20 per cent), Fraser Valley, BC (20 per cent), Barrie, Ont. (16 per cent) and Kelowna, BC (14 per cent). As for major centres forecast to show the strongest price growth in 2017, Hamilton-Burlington will lead the country at 11 per cent, followed by Kitchener-Waterloo at eight per cent. “Both areas will benefit from transportation upgrades and strong consumer confidence,” says Ash. “Tech sector growth due to the cheap Canadian dollar is positive for Waterloo, as well.” The ripple effect of the foreign buyer tax in Vancouver can be felt in the upper end of the GTA and Montreal markets, as some foreign investors are expected to look for properties in these regions rather than Vancouver. New, tighter mortgage insurance criteria for new home buyers is expected to temper local first-time buyer activity across the country in the short term, but is not expected to have a long-term impact in most regions. Alberta on the rebound Out west, the housing markets in Calgary and Edmonton remained relatively stable in 2016, with moderate declines in the number of sales and average residential sale price as a result of the prolonged recovery of the oil sector over the past two years. The average residential sale price in Edmonton decreased by two per cent year-over-year, while Calgary’s average residential sale price decreased by four per cent. Buyer activity is expected to pick up slightly in the second half of 2017 if employment opportunities in the oil sector continue to gradually come back to the province. The recent approval of the Trans Mountain pipeline is also expected to provide a boost to the provincial economy and help keep housing markets relatively stable in next year.

spotlight on condos

C13

Average Residential Sale Price 2013-2016 and 2017 Outlook 2017 (forecast $)

2017 (forecast %)

2016 (estimate)

2015

2015/2016 % change

2014

2013

$590,450

1.60%

$580,961

$518,153

12%

$507,212

$476,568

$1,040,706

2.00%

$1,020,300

$902,801

13%

$812,652

$767,765

Fraser Valley

$655,500

-5.00%

$690,000

$577,507

20%

$498,703

n/a

Kelowna

$513,642

4.00%

$493,887

$435,074

14%

$424,145

$397,000

Calgary

$402,335

0.00%

$402,335

$417,328

-4%

$484,790

$456,000

Edmonton

$364,000

0.00%

$364,000

$372,511

-2%

$367,038

$351,000

Saskatoon

$351,032

0.00%

$351,032

$355,653

-1%

$361,031

$338,309

Regina

$318,785

0.00%

$318,785

$319,857

$329,379

$320,430

Winnipeg

$297,155

3.00%

$288,500

$281,022

$289,538

$274,373

Windsor-Essex

$237,791

5.00%

$226,468

$201,115

13%

$192,124

$183,518

London-St. Thomas

$295,179

6.00%

$278,471

$264,435

$254,141

$245,737

Sudbury

$261,937

2.00%

$256,801

$250,593

$255,371

$250,518

Kitchener-Waterloo

$413,313

8.00%

$382,697

$348,220

10%

$339,412

$336,325

Hamilton-Burlington

$594,427

11.00%

535,520

$446,961

20%

$388,487

$383,840

Victoria Greater Vancouver

Barrie

$425,730

4.00%

$409,356

$351,554

16%

$319,612

$308,200

Greater Toronto Area

$783,926

8.00%

$725,857

$622,217

17%

$566,626

$522,963

Kingston

$311,712

2.00%

$305,600

$298,000

$287,291

$287,567

Ottawa

$378,359

2.00%

$370,940

$367,632

$362,868

$353,881

Greater Montreal

$368,160

6.00%

$347,321

$337,263

$331,057

$321,059

Quebec City

$259,793

-2.00%

$265,095

$265,204

$264,589

$267,294

Saint John

$182,006

2.50%

$177,567

$175,152

$178,440

$179,351

Halifax-Dartmouth

$292,235

1.50%

$287,916

$278,117

$273,917

$274,153

Charlottetown

$240,250

4.00%

$231,010

$219,460

$219,867

$203,722

St. John’s

$279,356

0.00%

$279,356

$296,812

-6%

$306,405

$301,000

“Alberta will experience a ﬂat market in 2017,” Ash says. “There is light at the end of the tunnel as we get into Q3 and Q4, as oil prices are expected to increase. (Two-thousand and 18) will likely be the rebound year for Alberta.” In Ottawa, market conditions were fairly balanced in 2016, with twoper-cent growth in average price. “We see that continuing in 2017, with a one-per-cent increase in average price. All segments of the market C14 YPNEXTHOME.CA

MORE TRENDING ONLINE ypnexthome.ca/news

are performing well, with condos sales increasing by 1.9 per cent in 2016, and continuing the trend in 2017. The upper end of the market has also been performing well and will continue to do so.” Though price growth may be pausing, younger Canadians are still looking to creative ways to realize their dream of homeownership, according to the report. Thirty-three per cent would consider purchasing a home with a family member; 22 per cent would rent out a room in their home; 15 per cent would consider renting out a room via rental apps such as Airbnb; and nine per cent would purchase a home with a roommate.

spotlight on condos

C15

— MODEL SUITE —

OPEN HOUSE

Tour the professionally decorated Model Suites and take in the stunning views.

MOVE IN SOON** CONDOS IN WESTBORO FROM $269,900* r ve

a aw

Parkway

UPPERWEST Richmond Rd. Churchill Ave.

Roosevelt Ave.

C16

3 NEW MODEL SUITES NOW OPEN

Broadview Ave.

spotlight on condos

1-BEDROOM BROADVIEW SUITE FACING SOUTHEAST

TOUR THE MODEL SUITES TODAY! 485 RICHMOND ROAD MON – THURS: 11AM – 7PM | CLOSED FRIDAY SAT & SUN: 11AM – 5PM LIVEUPPERWEST.COM | 613.788.2786 *Prices and specifications are subject to change without notice. **On select suites. See Sales Representative for details. Rendering is artist’s concept. E.&O.E.

Tower II now in construction Nestled on the edge of the Ottawa River, in Orléans, Petrie’s Landing harnesses the natural beauty of its surroundings in order to provide residents with a unique balance of rural and urban living.

Housing types ›

Condominiums

›

Hotel-inspired luxury condos

Petrie’s Landing

21 KM froM parliaMent 8865 Jeanne d’Arc Blvd. N. Orléans, ON

613.824.4059

CHOOSE QUALITY in 2017 Building New Homes in Your Desired Communities Valecraft Homes is celebrating 35 years of building solid, well-designed and crafted homes. We have old-fashioned ideals, but we rely on the most modern building technologies to bring those ideals to life. Explore our available communities and ďŹ nd your perfect home!

Valecraft.com

STITTSVILLE

BARRHAVEN

CENTRAL EAST

ORLEANS

EMBRUN

(613) 435-8141

(613) 440-0304

(613) 680-4771

(613) 830-6955

(613) 370-0288

Single Homes Bungalows Townhomes

Condos

Terrace Towns Rear Lane Towns

Single Homes Bungalows Townhomes

Single Homes Bungalows

* See sales consultant for details. Prices, terms and speciďŹ cations are subject to change without notice. E & O.E.

$10,000nus

o Design B eâ&#x20AC;¦ r o M d an

FINDLAY

by the

PARK

Trending

Rising household debt a “key vulnerability” in Canada THE BANK OF CANADA IS WARNING of rising household

debt and housing prices... again. This familiar theme was echoed in December 2016 and previously, in June 2016, in the Bank’s Financial System Review (FSR) – a twiceyearly report that examines and analyzes Canada’s overall macro-financial conditions. The Bank highlighted elevated levels of Canadian household debt as a key vulnerability in most Canadian cities, but particularly in Toronto, Vancouver and Calgary. “The most important risk remains household financial stress and a sharp correction in house prices, triggered by a large and persistent nationwide rise in unemployment,” the report outlines. “The likelihood of this risk materializing, however, remains low.” Canada’s overheating housing markets will experience a cooling effect thanks to recent changes to mortgage financing rules and other housing sector policies, “which will dampen activity in the sector and improve the quality of new mortgages,” the Bank reported. The latest round of mortgage rule changes took effect in October 2016 and now require high-ratio mortgages

MORE TRENDING ONLINE ypnexthome.ca/news

26 YPNEXTHOME.CA

to qualify at the Bank’s posted rate – currently 4.64 per cent – to guarantee the ability to make mortgage payments in a more realistic rate environment. The new rules also require that the Gross Debt Service ratio (total housing costs including mortgage, taxes and heating) not exceed 39 per cent of a borrower’s gross income while the Total Debt Service ratio (housing costs plus all other debt payments) not exceed 44 per cent. Other policy measures include Vancouver’s new 15-percent foreign buyers’ tax and the new vacant home tax. The Bank calculates that 31 per cent of Canada’s highratio mortgages issued in the past year would not have qualified under the new rules. The good news is that the new mortgage rules are expected to have the desired effect of reigning in housing market activity and reducing mortgage debt. “While the impact of these measures will be concentrated in regions where house prices are the highest relative to income, such as Vancouver, Toronto and Calgary, they will also have important effects at a national level.”

Advice | TARION REPORT

Tips to maintain your home during the cold winter months By Howard Bogach

MORE ADVICE ONLINE ypnexthome.ca/news/advice

ONTARIO WINTERS CAN BE A

particularly hard on a home. There’s no doubt that winter wind, snow and ice can batter the exterior of your new home, but they can also impact the inside of the house. Your new home is not exempt from needing regular maintenance – especially from a harsh winter – so be sure to take some important maintenance steps to help protect your investment. All new homes in Ontario come with a builders’ warranty that lasts up to seven years from the date of possession. That warranty is guaranteed by Tarion. However, without regular, year-round maintenance, normal wear and tear on your home can cause damage that may not be covered by your warranty. What kind of maintenance needs to be done in winter? One issue is fluctuating temperatures. This can sometimes lead to a build-up of roof ice, as well as potentially dangerous icicles. This happens when the roof surface is warm enough to melt the snow, but the surrounding air temperature is cold enough to re-freeze it. Areas to watch are roof valleys, dormers, skylights and roof overhangs. A regular cycle of freezing and thawing can eventually lead to water penetration inside the home. That’s why it’s a good idea to clear your roof of snow and ice. Another important maintenance task is to make sure all air intakes,

exhausts and meters are clear of snow. Clean the gutters and wash out all debris to prevent obstructions. And, turn off and drain all exterior hoses and pipes. Today’s new energy-efficient homes are built to better seal out the elements. But they can also trap excessive amounts of moisture inside the home if not managed and vented properly. If ignored, this moisture could cause considerable damage to your new home and even create unhealthy indoor air quality. Be sure that bathroom fans, kitchen range hoods and ventilators, such as heat recovery ventilators – items that are specifically installed in your new home – are in good working order to help you control excess moisture. One way to check to see if you

have a healthy indoor environment is to use a hygrometer, which measures humidity. The recommended range during the winter is 30- to 45-percent humidity. Other indoor maintenance during the winter months should include: cleaning or replacing your furnace filter on a regular basis; cleaning the heat recovery ventilator and washing or replacing the filter; and regularly checking all caulking and weather stripping around windows and doors.

Howard Bogach is President and CEO of Tarion Warranty Corp. His column appears monthly in New Home Guide. For more information about how Tarion helps new-home buyers, visit tarion.com or find us on Facebook at facebook.com/TarionWarrantyCorp.

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 27

Property Profile | CLARIDGE HOMES

cover story

Stirling Park Condominium At home with comfort LOCATED JUST OFF Merivale Road,

Stirling Park Condominium is the perfect combination of elegance, style and modern charm. Whether you are ready to start the next chapter in your life, or are looking to spread your wings with your first home, Stirling Park provides the comfort and convenience you want at a price you can afford. Suites have been designed with the highest standards in mind. Expansive windows provide ample light in the bright and spacious rooms. A luxurious open concept kitchen with granite counters will encourage you to stay home to cook your own fabulous meals. Sleek hardwood in the living 28 YPNEXTHOME.CA

areas, backsplash in the kitchen and stylish tiles in the bathroom accent the fresh urban design of the units. This 139-suite building is built with high-end finishes, ideal for those looking to add a little class to their living

space. Relax after a long day in the indoor pool, burn off some energy in the fitness centre, or invite your family and friends over for a get together in the large party room. Buyers can choose between a variety of floorplans, ranging

Stirling Park is located off Merivale Road, just east of downtown Ottawa in a safe neighbourhood with a high quality of life.

from one-bedroom suites with 715 sq. ft. to two-bedroom suites with 1,260 sq. ft. Prices start as low as $272,000, but buyers also benefit from more than $10,000 in upgraded premium finishes. Stirling Park is located off Merivale Road, just east of downtown Ottawa in a safe neighbourhood with a high quality of life. Located just minutes from Hwy. 417, living in Stirling Park makes the rest of Ottawa quickly and easily accessible, but you don’t have to go far for leisure, shopping, education, healthcare, recreation or entertainment because you’ll already be living in a bustling shopping district across the street from Merivale Mall. Stirling Park is also surrounded by parks, schools, soccer fields and ice rinks, so there are

plenty of places for children and those young at heart. Since 1986, Claridge Homes has grown to become Ottawa’s largest home and condo builder by making sure homebuyers are satisfied with their investment. Claridge works with world-renowned architects and top contractors to create stylish, modern buildings and great communities. The company set the bar for city living and is coveted for its great locations, artful design, eco-friendly planning and attention to detail. Visit the sales centre and fully furnished model suites or claridgestirlingpark.com for more information.

Location

Ottawa Builder

Claridge Homes Development

Stirling Park Home Type

One- and two-bedroom condo units Sales Centre

107-330 Titan Private, open Saturday and Sunday noon to 5 p.m., Monday to Wednesday noon to 7 p.m., Thursday, Friday and holidays closed Contact

613.224.0330 JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 29

Trending

Millennial knowledge of mortgage risks low Only 12 per cent confident they can make best decisions A RECENT SURVEY among Ontario

millennials raises concerns about how prepared those with mortgages are to deal with the likelihood of rising interest rates, and how ready firsttime homebuyers are for the realities of having a mortgage. The survey conducted by Environics Research for the Financial Services Commission of Ontario (FSCO) asked how confident Ontario millennials are when dealing with banks and other lenders regarding mortgages. Only 12 per cent of those likely to get a mortgage said they felt very confident that they know everything they need to know to be able to make the best decisions for themselves. Forty-seven per cent said they were not very or at all confident. Other findings included: Only 22 per cent of millennials likely to get a mortgage knew that they would have to contribute at least five per cent of the purchase price as a down payment in order to buy a home in Ontario. When asked about closing costs, only 39 per cent named legal fees, 24 per cent Land Transfer Tax and eight per cent insurance such as home insurance. Twenty-five percent said they didn’t know what closing costs might be. Meanwhile, of millennials who already have a mortgage, many are not prepared to deal with unexpected events or costs: Just 42 per cent said they have built up six months of emergency savings in case something unexpected happens such as losing a job; Only 37 per cent said they understand very well what happens if they miss a mortgage payment; and Only 43 per cent have a life, disability or critical illness insurance policy on the mortgage. 30 YPNEXTHOME.CA

QUICK FACTS One million home owners in Canada renewed or refinanced their mortgages in 2015, with the average still owing $203,000 (Mortgage Professionals Canada)

ADDITIONAL RESOURCES Understanding Mortgages: FSCO’s Financial Literacy Month website Government of Canada Online resources

MORE TRENDING ONLINE ypnexthome.ca/news

The survey was conducted as part of FSCO’s Financial Literacy Month campaign that aims to increase awareness among typical first-time homebuyers aged 25-34, of the responsibilities of getting a mortgage. The campaign will also improve knowledge about their rights as financial consumers. FSCO recommends Ontarians planning to renew or obtain a mortgage should at the very least: Ensure they are able to afford the mortgage by taking a close look at their finances, future plans and lifestyle, considering not just how much money they have today, but their financial position for the length of the mortgage. Consider how they would manage payments if their income fell, their expenses rose, or their mortgage payments increased. Plan ahead for hard times by building up emergency savings, identifying other funds they can access and clarifying payment options available on their mortgage contract. Do their research regarding the process of saving, shopping and applying for a mortgage by visiting FSCO’s Understanding Mortgages website and other helpful online resources.

Advice | MORTGAGE ADVICE

The 5 biggest mortgage mistakes to avoid By Alyssa Furtado

MORE ADVICE ONLINE ypnexthome.ca/news/advice

NOW THAT YOU’VE decided to buy a home, there are numerous steps in the process you’ll have to follow. When it comes to getting a mortgage, it could cost you in the long run if you make a mistake or two. To help you save money and avoid potential problems down the road, here are some mistakes you should avoid:

1. Not knowing your credit score/rating Lenders love borrowers with a good credit rating. They’re often the ones who pay their bills on time, don’t use a large percentage of their available credit, and have different types of credit, such as a credit card, car loan, and line of credit. If you have good credit, you should be able to qualify for the best mortgage rates. But if you have bad credit, expect to get a mortgage with a higher interest rate. Not sure of what your rating is? You can get your credit score from Equifax or TransUnion. 2. Not being pre-approved for a mortgage If you’ve been looking at properties for a while, you might suddenly find the perfect home. But it’s possible you won’t be able to afford the place. That’s why it’s best to get preapproved for a mortgage so you’ll know how much you can afford. Many lenders will guarantee your pre-approved rate for a period of

between 60 and 120 days. That’ll give you time to find a property in your price range. 3. Not shopping around a mortgage If you think you’ll get rewarded with the lowest rate from your financial institution because you’ve been a loyal customer for a number of years, think again. Your institution may not have the best rate while a rival across the street might have a lower rate. You should do some comparison shopping on a site like RateHub.ca before getting a mortgage. You can also hire a mortgage broker who can do all the legwork at no cost to you. 4. Not making more payments No one really likes to carry a large mortgage. Typically, mortgage payments are made on a monthly basis but there are ways to pay it off faster by using accelerated biweekly payments. For example, if you have a $400,000 mortgage with a 25-year amortization and make monthly payments, your mortgage

won’t be paid off until 2041. We used RateHub’s mortgage payment calculator and found if you make accelerated payments, you’d pay off your mortgage nearly three years earlier and save about $15,000 in interest. Also, most lenders allow you to make lump-sum payments, which will let you pay your mortgage down faster and save you thousands of dollars in interest. 5. Not preparing for extra costs Buying a home can end up costing a lot more than you’d expect. First, there are closing costs, which include legal fees, title insurance and the land transfer tax. You might also need to reimburse the seller for the property taxes and utility bills they’ve already paid. These costs will add up to from anywhere between 1.5 and four per cent of the property’s purchase price. Alyssa Furtado is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 31

Homebuyers’ Help

Compare mortgage rates for your best deal CHARTERED BANKS

variable

ATB Financial

2.5

Alterna Bank

2.45

Bank of Montreal

2.6

Bank of Nova Scotia

2.9

Canadian Western Bank CIBC

6 months

1 year

2 years

3 years

4 years

5 years

4.1 4.10op 4 6.30op

3.04 4.10op 2.79 6.30op 3.09 6.95op 3.29 6.50op 3.14 6.30op 2.84 6.35op 3.14 3.14 6.35op 2.94 3 3.20op 3.14 6.70op

2.39 4.10op 2.74

2.59

2.69

2.79

2.59

2.84

2.74

3.19

3.59

4.09

2.89

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.79

2.64

4.09

4.79

3.04 2.15

3.65 3.39

4.39 4.09

4.64 2.35

2.94 2.94

2.94 2.84

2.99 2.79

2.99 2.89

3.04

3.39

2.79

2.94

2.79 2.54

3.34 2.64

3.99 2.74

4.44 2.89

2.84

3.44

2.69

2.94

3.24

3.49

3.69

3.79

6.95op 4.55 6.45op 4 6.45op

2.7 6.95op

Equitable Bank HSBC Bank Canada

2.35

ICICI Bank Canada Manulife Bank

2.75 2.6

National Bank

n/a

President’s Choice Finan Royal Bank

2.7 2.7

TD Canada Trust

2.6

Tangerine

2.7

4.45 6.20op 4.45 4.4 6.70op

7.00op

2.99 7.00op 3.04 4.00op 3.19

TRUST COMPANIES Community Trust Effort Trust

n/a n/a

Home Trust Investors Group Trust

2.35 n/a

MTCC

2.9

6.5 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

3.14 3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op

3.25 3.5

3.95 3.7

4.39 4.3

4.64 4.35

2.14 3.09

2.34 3.39

2.59 3.89

2.69 2.45

3.09

3.39

3.89

4.49

4 6.30op 6.2 6.40op 3.1 4.25 6.50op

2.79 6.30op 2.84 6.30op 2.64 2.89 6.50op 3.25 6.25op 2.84 6.30op 3.04 6.30op 2.8 2.95op 2.39

2.74

2.59

2.84

2.74

2.89

2.95

2.99

2.89

2.64 2.79

2.64 2.89

2.84 2.95

2.94 2.89

3.2

3.65

4.5

2.79

2.64

3.89

2.54

2.84

2.89

3.39

3.74

2.85

2.95

3.05

3.15

2.39

2.49

OTHER FINANCIAL INSTITUTIONS Alterna Savings

2.45

Comtech Fire C.U.

2.45

First National Fin. LP IC Savings

2.7

Luminus Financial

3.25

Meridian Credit Union

2.4

PACE Savings & C.U.

5.05 6.70op

Parama Credit Union

2.65

Steinbach Credit Union

2.25

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice. R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE Dec 19, 2016. Prepared By Fiscal Agents Financial Information Services 905.844.7700

32 YPNEXTHOME.CA

Advice | FUNDAMENTALLY SPEAKING

What’s in a new-home warranty? By Wayne Karl

MORE ADVICE ONLINE ypnexthome.ca/news/advice

WHAT’S IN YOUR new-home warranty? Ideally, that’s a question you’ll never have to answer for real – at least not the hard way, be it filing a complaint or, worse, proceeding to a claim settlement. But, life is sometimes not fair, and despite the best intentions of home builders, things do go wrong. To put it nicely – stuff happens. Indeed, according to Tarion Warranty Corp., nearly every new home built has some form of defect. Such is life when you’re building outside, dealing with the elements and working with natural materials. In most cases, issues get resolved, and builders large and small are getting better at responding to customer concerns. Still, there are unscrupulous – or worse, illegal – builders that try to circumvent everything from relatively minor registration fees to taxes, all under the guise of “saving you money.” But when there’s a problem or issue that needs to be resolved, good luck. That’s why it’s important to ensure your new home builder is registered with Tarion – to provide the peace of mind that Tarion is backing the warranty, as well as to learn what parts of your new home are covered, for how long, and what the steps and procedures are.

Because stuff does, indeed, happen. Typical examples include the following, a Top 10 list of first-year claims: » Paint: inadequate application or coverage

» Doors: improperly installed or finished » Floors: Damaged, cracked or installed with gaps » Drywall: Blemishes on walls, ceilings or corners » Stairs/steps: Inadequately built » Water/moisture: Moisture inside the home » Concrete: Cracking » Baseboards: Improperly installed » Trims: Improperly installed or finished » Cabinets/vanities: Improperly installed or finished You can understand how prevalent such “defects” would be in new homes, and how action is required in many cases. Nine times out of 10, for homes backed by Tarion, they’re resolved without issue. More drastic is another example involving 23 homes by one builder in one development in Ontario, also, thankfully, backed by Tarion: » After the homes were built, the water table shifted, causing differential soil settlements » The problems arose three to five years after construction » 23 homes were monitored and repaired over a period of five years » 10 homes required major repairs – causing the homeowners to be relocated to hotels for an average of 38 days

The cost to Tarion to rectify the matter? More than $5 million. The cost to homeowners? Zero. The benefit of having the peace of mind of a Tarion backed warranty? Priceless. Think that would happen if your home was built by an unregistered or illegal developer? More and more builders, Tarion says, are improving their customer service. And it’s not just the large companies. “The advantage of using a small builder might be that you often get to know the principal,” says Tarion president Howard Bogach. “But large builders are closing the gap. “The large builders that do well are the ones that behave like small builders.” And with real estate and new home prices rising, homebuyers, understandably, expect more. So, what’s in a new-home warranty? In short, your builder is not just building your home, it’s building a relationship.

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

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 33

Trending

Consumers the driving force of growth in 2017: RBC Economics CANADA’S ECONOMY regained

momentum in the second half of 2016 and is poised to see sustained growth throughout 2017, according to the latest RBC Economic Outlook report. The RBC forecast calls for real Gross Domestic Product (GDP) growth of 1.3 per cent in 2016, 1.8 per cent in 2017 and 2.1 per cent in 2018. “The Canadian consumer drove growth again in 2016,” says Craig Wright, senior vice-president and chief economist at RBC. “Despite falling energy investment and the Alberta wildfires weighing on the economy, strong consumer spending and housing market activity supported growth in 2016. In 2017, a bounce-back in energy investment and anticipated fiscal stimulus are expected to provide a further boost.” Despite a year of surprises and uncertainty around the world, favourable conditions for Canadian consumers and a robust housing market led the economy forward. Consumer spending in 2016 has increased 2.2 per cent, while home sales rose 4.4 per cent with average prices jumping 9.5 per cent. While the sources of economic strength are expected to shift in 2017, the net impact will be continued forward momentum in the Canadian economy. Although core inflation is likely to top the Bank of Canada’s two per cent target, RBC expects the Canadian central bank will hold the overnight rate steady throughout 2017 with the first-rate hike expected to come in 2018.

MORE TRENDING ONLINE ypnexthome.ca/news

34 YPNEXTHOME.CA

Business investment to offset declining housing market in 2017 Regulatory changes at both the federal and provincial levels are expected to slow the pace of new home building, home resale activity and housing price increases across the country in 2017. RBC forecasts an 11.5 per cent decline in home resales in 2017 with price increases slowing to 1.6 per cent. Conversely, business investment, which has been sluggish over the past two years, will inch higher. An expected recovery in energy prices should lead to a modest rise in investment from energy companies with additional increases in investment by service-sector companies and exporters.

Consumers remain in the driverâ&#x20AC;&#x2122;s seat Disposable income will continue to grow in 2017, supported by job gains and changes to the federal Canada Child Benefit that came into effect on July 1, 2016. While Canadiansâ&#x20AC;&#x2122; debt levels remain elevated, the debt-tonet worth ratio eased for three consecutive quarters and ownersâ&#x20AC;&#x2122; equity in real estate remained encouragingly high at 74 per cent.

Provincial growth to become more uniform across Canada As global energy markets enter a recovery phase in 2017, a turnaround in oil-producing provincial economies is expected to provide more uniform growth performance across Canada. Barring any unexpected adverse events, RBC forecasts modest to moderate growth for all provincial economies in 2017, except Newfoundland and Labrador where a drop in capital investment and persistent fiscal austerity are anticipated to cause a further contraction.

Canadian dollar finds stability amid contrasting forces Volatility in oil prices and uncertainty about monetary policy in 2016 contributed to a seesaw in the Canadian dollar. In 2017, two contrasting forces will vie for influence: rising oil prices will exert positive pressure on the dollar, while tighter monetary policy in the U.S. is expected to have the opposite effect. As a result, RBC forecasts a mild overall depreciation in currency in 2017 to 72.5 U.S. cents.

Global economy marches forward despite change and uncertainty

Stimulus, spending and investment to accelerate U.S. growth in 2017 The U.S. economy is on track to post a 1.6-per-cent increase in 2016, driven largely by consumer spending and a gain in residential construction. In 2017, a recovery in business investment will supplement continued growth in consumer spending. Employment gains and wage increases will strengthen consumption and support a pickup in the housing market. Anticipated fiscal stimulus from the incoming administration will further add to the momentum, with growth forecast at 2.3 per cent in 2017.

While policy shifts in the UK and U.S. could affect confidence, RBC anticipates continued momentum in the global economy, driven by historically low interest rates, commodity price increases and anticipated fiscal stimulus policies. RBC estimates 3.1-percent growth in 2016 and forecasts 3.4-per-cent growth in 2017 and 3.6per-cent growth in 2018.

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 35

Hot Properties

Find your next home! This page features a few of the latest properties to keep your eye on in the Eastern Ontario area. Find more properties at ypnexthome.ca

LATEST LISTINGS

STIRLING PARK BY CLARIDGE HOMES

CARLETON CROSSING

SPRING VALLEY TRAILS

GREYSTONE VILLAGE

By: Brigil City: Stittsville Housing type: Singles Contact: 613.257.4079 brigil.com

By: Claridge Homes City: Navan Housing type: Townhomes claridgehomes.com

By: eQ Homes City: Ottawa Housing type: Singles, towns, semis and condos Contact: 613.258.6488 greystonevillage.ca

ARTHAUS CONDOMINUMS LONGFIELDS STATION By: Campanale Homes City: Barrhaven Housing type: Condominium Contact: 613.440.3750 campanale.com

By: DevMcGill City: Downtown Ottawa Housing type: Condominium Contact: 613.909.3223 arthauscondos.com

THE CORNERS ON MAIN BLACKSTONE By: Cardel Homes City: Kanata South Housing type: Single Contact: 613.836.9521 cardelhomes.com

36 YPNEXTHOME.CA

By: Domicile City: Old Ottawa East Housing type: Midrise condos comprising a mix of six- and four-storeys Contact: 613.806.6246. cornersonmain.ca

eQUINELLE By: eQ Homes City: Kemptville Housing type: Bungalow Contact: 613.258.6488 eqhomes.ca

LIV TOWNS By: Glenview City: Kanata Housing type: Townhome Contact: 613.595.0591 sales@glenviewhomes.com glenviewhomes.com/liv

PETRIE’S LANDING BY BRIGIL

FINDLAY BY THE PARK

WHITE TAIL RIDGE

TALL SHIPS LANDING

By: Lemay Homes City: Leitrim Housing type: Singles, bungalows and townhomes Contact: 613.425.5255 lemayhomes.ca

By: Phoenix Homes City: Almonte Housing type: Bungalows and singles Contact: Kellie Connors 613.461.0277 phoenixhomes.ca

By: Thomas Fuller Construction Ltd. City: Brockville Housing type: Condominium Contact: 613.498.7245 tallshipslanding@fuller.ca tallshipslanding.com

FELTON COURT SOHO CHAMPAGNE By: Mastercraft Starwood City: West Central Housing type: Luxury condominiums Contact: sohochampagne.com

THE ORCHARD

By: Phoenix Homes City: Barrhaven Housing type: Townhomes Contact: phoenixhomes.ca

THE BOWERY CONDOS & LOFTS ABBOTTSVILLE CROSSING By: Mattamy City: Kanata Housing type: Singles, townhomes Contact: 613.790.2082 mattamyhomes.com

AVALON ENCORE By: Minto City: Orléans Housing type: Singles, townhome Contact: 613.834.6400 minto.com

UPPERWEST By: Minto City: Ottawa Housing type: Condominium Contact: 613.788.2786 liveupperwest.com

By: Richcraft City: Centretown Contact: 613.695.7577 thebowerycondos.ca

GALLERY TOWNHOMES By: Tamarack Homes City: Orléans Housing type: Townhomes Contact: tamarackhomes.com

HUNT CLUB TOWNS By: Theberge Homes City: Ottawa Housing type: Townhomes Contact: 613.680.5767 huntclubtowns.com

By: Uniform Urban Developments City: Barrhaven Housing type: Single-family homes and townhouses Contact: uniformdevelopments.com

RICHARDSON RIDGE By: Uniform Urban Developments City: Kanata Housing type: Singles, townhome and condo flats Contact: 613.435.7751 uniformdevelopments.com

BRADLEY ESTATES By: Valecraft Homes City: Mer Bleue/Orléans Housing type: Single-family homes and executive townhomes Contact: valecraft.com

Builders

If you would like to include your preview registration, new release or site opening in this feature, just email the details to sarah.khan@ypnexthome.ca

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 37

Advice | CHBA

Homeownership a continuing wise goal for all Canadians By Bob Finnigan

MORE ADVICE ONLINE ypnexthome.ca/news/advice

STATISTICS CONCERNING

homeownership in Canada continue to change and have evolving effects on the marketplace – particularly when it comes to first-time home buyers. Over the past few decades, the average age of Canadians purchasing their first homes has 38 YPNEXTHOME.CA

inched upward into the thirties. Reasons for this changing life cycle vary, from people postponing marrying and having children until later in life and the prices of homes increasing across the country. Today’s 35-year-old is where the average 30-year-old was 20 years ago. Those who choose not to postpone entering the marketplace often buy small condominium suites because of price and intend to move to larger homes when they start their families. In the old days, they bought a lowrise starter home for X dollars, then five years later purchased a larger house for X+ one-third or X+ one-half, and that was the family home for decades.

Nowadays, to move from a condo suite purchased at X dollars requires X times two or more – and X is hard enough to achieve. What has not changed is the wisdom of getting into homeownership as both lifestyle and financial investments. Homeowners build equity over time with something that is tangible and not as elusive as stocks and mutual funds, plus you get to live in your investment. With housing costs such a large portion of the family expenditure nowadays, and with people delaying their first home purchases until their 30s, they have less time to accumulate equity and pay off mortgages before

retirement. Ideally, renters would sit down and figure out how much more a mortgage payment would be than rent and put the difference in a tax-free savings account. This rarely happens, however, and the major thing holding them back from buying is the down payment. Before assuming that you cannot come up with a down payment, do some research on the options available to help. Look into non-profit organizations such as Toronto’s Options for Homes (optionsforhomes.ca). This developer of condominiums was founded in 1992 after government grants for affordable housing ended. The organization is based on a second mortgage/pay it forward premise. Options contributes a loan that

boosts members’ down payments worth between 10 and 13 per cent of the purchase price of the Options suite. No payments are due until the suite is sold or rented out. The loan appreciates by the same percentage as the home’s resale value and is then paid back in full. These repaid loans go into a pool to help other buyers. This is one alternative to the “bank of mom and pop” – which is an option for some buyers. Parents lending or gifting money as part of their transfer of wealth can benefit everyone involved. Statistics show that about one-third of home buyers receive help toward their down payment from family members. However, you do it, get into homeownership when you can. The market may go up and down, but in long run, you’ll have an asset that most people won’t have in terms of

return-on-investment. Throughout your life, you can leverage your mortgage when you need resources for other things. For a healthy outlook on your future, consider homeownership sooner, rather than later. Rest assured that new home builders continually seek out ways to design and create residences that are within the financial reach of the spectrum of buyers. Before you write off owning a home, ask your family, financial institution, the government and the builders themselves what help is available to you. Then embark on one of the most exciting and fulfilling steps in your life. Bob Finnigan is Principal and COO Acquisitions & Housing at Herity, and is President of the Canadian Home Builders’ Association.

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 39

Inspiration | DESIGNER ADVICE

MIRRORS,

MIRRORS ON THE WALL By Yanic Simard

MIRRORS IN INTERIOR DESIGN are an important, functional item that virtually all of us have, and yet we sometimes manage to overlook the many ways (outside the morning get-ready routine) they can beautify and visually enlarge our spaces, often in ways you might not expect. Forget the flimsy closet doors you may have had in the past, and keep your mind – and your space – open to mirror finishes with these eight-plus ideas.

Mirror wall To do a full wall of mirror the modern way – and avoid any 1970s flashbacks – use oversized mirror tiles (24-by-24in.) with a beveled edge, making the wall itself decorative while doubling the apparent size of the space. To take the look up another notch, choose a smokey grey glass to add an air of moody sophistication.

40 YPNEXTHOME.CA

Use it: To open a tight foyer or hall, behind the bed (as a striking layer to a headboard), or to back the TV.

Mirrored niche Rather than a full wall, applying mirror to a niche (or a partial wall between awkward bulkheads) can still have a powerful deepening effect. Hang art or display an interesting object in the space to make it a feature, while giving the eye the sense that a whole other room exists on the other side. Use it: On an awkwardly broken-up wall to create a feature.

leave a room feeling a little boxed in. Furniture in a mirror finish appears visually lighter to the point of virtually disappearing. Try a mirror-faced nightstand or buffet, or a wardrobe in a polished metal finish for a similar effect in a more industrial look. Use it: In the bedroom to add drama without adding a loud colour to keep you awake at night.

Antiqued mirror

MORE INSPIRATION ONLINE ypnexthome.ca/news/inspiration

Use it: On any bathroom, big or small, to get a huge look.

Layered mirror Love the style of a traditional frame for your vanity mirror? Try layering a small ornate mirror (or empty frame) over the glass surface. A professional can drill a hole in the existing mirror, or you can suspend a small frame from the ceiling on invisible wires or a decorative chain for an art gallery appeal. Use it: Over each sink to define individual stations and add personality.

Mirrored backsplash Inset mirror When re-tiling a bathroom, double the effect and save money simultaneously by replacing a large, floor-to-ceiling (or vanity-to-ceiling) area of tile with inset mirror (rather than applying a framed mirror over the tile itself). The look is still perfectly polished without the bulky frame, and the cost of the mirror is offset by the material savings on tile. Just adding a mirror? Go wall-to-wall for the biggest impact – the small splurge is worth it.

Mirrored backsplashes are back in a big way, and are especially effective in smaller kitchens, giving you a sense of a larger space as you work at a compact counter. A quality glass will be easy to wipe clean as well, for a look that’s both durable and practical. Use it: As the main backsplash over the counter, or as a backing to major appliances (such as the fridge or oven) as I did in my own kitchen.

Mirrored furniture

To add an extra sense of history and stately sophistication to a sleek new condo, introduce some antiqued mirror glass using one of the tips below. For the DIY expert, a faux aging effect can be applied to mirror or tiles using glass paints, vinegar, a splatter brush or sprayer and a little effort, creating just the right hint of character and a truly unique home detail. Use it: In a powder room or foyer to add textural richness and a subtle story. For more design inspiration, visit tidg.ca/interiors, or find me on Instagram or Twitter at @yanicsimard.

Other DIY Ideas:

» Use three or four inexpensive full-length mirrors and hang them horizontally over a desk or foyer console for a big look at a fraction of the price of an oversized floor mirror. » Use an elegant mirror as a stylish version of a dry-erase board in your office area or kitchen, making it feel more like home and less like work. » Anchor a seating area with a decorative mirror over the sofa instead of artwork, and get a sense of depth and a focal point at the same time.

Sometimes fitting in all the essential furniture (especially storage) can

Yanic Simard is New Condo Guide’s design editor, principal designer of award-winning Toronto Interior Design Group (tidg.ca), and regular guest expert on City’s Cityline. Check out Yanic’s accessory line, Yanic Simard Selected, by visiting online at ysselected.com

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 41

Ad Index

Builder Name

Site Name

Prices

Location

et a Se che m d i Bu ng To alo w w n Ad hom ul t L e/C ife on st do yl e

ADVERTISERS

Page

WEST Almonte

Phoenix

White Tail Ridge

Arnprior

Campanale

Longfield Station

Carleton Place

Brigil

Carleton Crossing

Carp

Phoenix

Diamondview Estates

Hunt Club

Claridge Homes

Hunt Club Flats

Kanata

Cardel

Blackstone

Kanata

Claridge Homes

Bridlewood

Kanata

Glenview Homes

LIV Towns

Kanata

Mattamy

Abbottsville Crossing

Kanata

Phoenix

Fernbank

Kanata

Uniform Urban Dev.

The Elements

Kanata

Uniform Urban Dev.

Richardson Ridge

Ottawa West

Uniform Urban Dev.

Stittsville

From $380's

16, 17

Inquire

From $290's

20, 21

Inquire

16, 17

From $260,900

10, 11

Inquire

From $391,900

10, 11

From mid $200's

From $227,990

4, 5

From $200's

16, 17

From $253,000

6, 7

Inquire

6, 7

Maple Creek

Inquire

6, 7

Brigil

Loreka Court

From $467,207

20, 21

Barrhaven

Claridge Homes

West Pointe Village

From $342,900

10, 11

Barrhaven

Phoenix

Felton Court

From $270's

16, 17

Barrhaven

Minto

Chapman Mills

From $189,900

2, 3

Barrhaven

Valecraft

Woodroffe Lofts

From $224,900

Findlay Creek

Phoenix

Pathways

From $200's

16, 17

Ottawa South

Campanale

Prince of Wales

Inquire

Ottawa South

Claridge Homes

Summerhill Village

From $335,900

10, 11

Ottawa South

Claridge Homes

Sundance

From $519,900

10, 11

Stonebridge

Uniform Urban Dev.

The Orchard

Inquire

6, 7

Leitrim

Lemay Construction

Findlay by the Park

From $336,900

x x

SOUTH

42 YPNEXTHOME.CA

Site Name

et a Se che m d i Bu ng To alo w w n Ad ho m ul t L e/C ife o st nd yl o e

Builder Name

Prices

Location

Page

CENTRAL Old Ottawa East

eQ Homes

Greystone Village

Ottawa Central

Theberge Homes

Hunt Club Homes

Navan

Claridge

Spring Valley Trails

Orléans

Minto

Orléans

From mid $500's

From $179,900

From $339,900

10, 11

Avalon Encore

From $184,900

2, 3

Claridge

Royal Ridge

From $199,900

10, 11

Orléans

Phoenix

Hillside Vista

From $250's

16, 17

Rockcliffe

Uniform Urban Dev.

Waterridge Village

Inquire

6, 7

Brockville

Fuller

Tall Ship Landing

Inquire

C11

Downtown

Richcraft

The Bowery

From $194,000

Downtown

Claridge Homes

Icon

From $291,000

C8, C9

Downtown

Claridge Homes

The Lofts

From $400's

C8, C9

Downtown

Claridge Homes

Tribeca

From $245,000

C8, C9

Downtown

DevMcGill

Arthaus Condos

Inquire

Kanata

Cardel

Blackstone

From $300's

C13

Old Ottawa East

eQ Homes

Terraces at Greystone Village

From low $300's

Ottawa Central

Brigil

One Twenty-One Parkdale

Inquire

20, 21

Ottawa Central

Domicile Development Inc

The Corners on Main

Inquire

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

From $232,000

C8, C9

Ottawa Central

Claridge Homes

Fusion

From $288,000

C8, C9

Ottawa Central

Claridge Homes

Waterstreet

From $195,000

C8, C9

Ottawa Central

Mastercraft Starwood

Soho Champagne

From $302,900

C15

Ottawa Central

Minto

Upperwest

From $269,900

C16

Ottawa West

Tamarack

Wellington

From $299,068

West Nepean

Claridge Homes

Stirling Park

From $247,000

C8, C9

EAST x

CONDO

JAN 7 - 21, 2017 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 43

Neighbourhood Profile

Glebe-Dows Lake One of the places to live in Ottawa By Lindsay Foran

Fast facts THE GLEBE is one of Ottawa’s oldest

Average household income

suburban neighbourhoods, and it is still regarded as one of the places to live in Ottawa. The Glebe is bordered by the Rideau Canal to the south and the east, it runs as far as Dow’s Lake, and finishes at the Hwy 417. The Glebe is Ottawa’s “it” place. From trendy hair salons, to unique clothing stores, people want to shop here, but living here may be a challenge due to the cost. Most residents drive to their offices, but many also bike, walk or hop on the bus. This family-oriented community opens its arms to everyone who wants to walk the streets and hope that they too can one day move to this coveted neighbourhood.

$155, 538 Family structure FAMILIES

COUPLES

SINGLES

31%

34%

35%

Own vs. rent

59% OWNERS

41%

RENTERS Education levels

TAKE A VIDEO TOUR ONLINE nexthome.yp.ca/glebe-dows-lake

73%

18%

UNIVERSITY

HIGH SCHOOL

COLLEGE

SOURCE: ENVIRONICS

Vibe The Glebe is one of the only places in Ottawa where suburbia meets the trendy hipster lifestyle. From one corner to the next the atmosphere changes. There are large, expansive, $1-million homes, to student complexes where residents sit on the grass strumming their guitars. From the busy and scenic Rideau Canal, to the hustle and bustle of Bank St, the Glebe has everything you could possibly need. Meet the neighbours The Glebe is home to anyone from student renters to artists, families and retirees. The area attracts wealthy

buyers who want to live downtown, but who are still in need of a suburban feel. Don’t be mistaken – the Glebe is anything but suburban. With an array of artwork, funky shops, and hip restaurants, this area is family-friendly with the trendy vibe that keeps you feeling young.

In the area To buy real estate in the Glebe, you need money – lots of it. The other option is to find a fixer-upper for cheap, then renovate it to your tastes and budget. Either way, this isn’t the place for someone on a budget. From coffee shops to hair salons, everything is above average in this area.

Planes, trains & automobiles The Queen Elizabeth Parkway is an easy way to get across the Glebe. This route leads you to Hwy. 417, downtown, or continue west. The best way to commute in this area? Take your bike along the Rideau Canal, to wherever you need to go. The good, the bad & the rest Constant energy pulses throughout the streets. Walk down Powel and into quiet suburbia. Head a few blocks west to Bank Street and you’ll find a rush of pedestrians, commuters and cyclists. One major attraction: The Great Glebe Garage Sale. This event attracts thousands to the area each May.

Lindsay has lived in the Ottawa/Gatineau area her whole life. When she’s not touring the city in search of the hottest new neighbourhoods she’s busy writing fiction and enjoying life with her husband and two dogs.

44 YPNEXTHOME.CA

What’s Online

Trending now The latest real estate news from across Canada

Top home automation products for your home READ THE STORY ONLINE

The Starbucks Effect: Spotting the next “it” neighbourhood

nexthome.yp.ca/home-automation

READ THE STORY ONLINE nexthome.yp.ca/Starbucks-effect

All kinds of neighbours – which one are you? READ THE STORY ONLINE nexthome.yp.ca/neighbour-types

On the fence about home ownership? Don’t wait too long!

Want more great articles like these delivered directly to your inbox? SIGN UP FOR OUR NEWSLETTER

READ THE STORY ONLINE nexthome.yp.ca/homeownership-timing

Twitter @ypnexthome @ypnexthome_EO

Facebook ypnexthome

Visit our website:

nexthome.yp.ca/newsletter

Instagram ypnexthome

Pinterest ypnexthome

FINISHED SUITES NOW AVAILABLE FOR VIEWING

THE 1ST RESIDENTS ARE NOW HOME IN TAMARACK WELLINGTON AND THE

REVIEWS ARE SPECTACULAR!

Warm, light-filled spaces, luxurious finishes and fantastic views await the final few. GREAT SUITES ARE STILL AVAILABLE and ready for your personal tour now!

www.tamarackwellington.com

1140 Wellington St West

Starting From $

299,068