Eastern Ontario New Home & Condo Guide - Jan 6, 2018 by NextHome

JAN 6 – 20, 2018 | nexthome.ca

EASTERN ONTARIO EDITION

SPE CI A

Connecting Canadians to new HOMES & CONDOS for more than 25 years L

OUT SEC TIO LLPU N

INSIDE:

TRANSFORM CLOSETS WITH THE PROPERTY BROTHERS

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T LIGHOS T O SP COND ON EATURING O INIUM C

A LOOK AT CANADA’S FIRST NATIONAL HOUSING STRATEGY

36’ Stanley Show Home | 2,450 sq. ft.

Avalon Encore Orléans

Happy New Year, Ottawa. This new year, resolve to embrace contemporary design! The inspiring collection of Minto homes is available now in communities across Ottawa.

Harmony Barrhaven

Mahogany Manotick

Potterâ&#x20AC;&#x2122;s Key Stittsville

ottawahomes.minto.com

A STYLISH SELECTION OF TOWNHOMES & DETACHED HOMES NOW AVAILABLE

New 30' & 36' Detached Homes Now Open Elev. A

2-Storey Townhome, The Lilac ‘A’, 1,577 Sq.Ft. $331,990 Includes: $5,000 at Décor

A Mattamy home is a HOME YOU’LL VALUE for a lifetime.

Valleyfield Model Home in Half Moon Bay, Barrhaven

Townhomes

Detached Homes

From 314,990 From $389,990 $

BARRHAVEN SALES CENTRE

3454 Greenbank Road 613-825-7932

30' Detached Home, The Primrose II ‘B’, 1,862 Sq.Ft. $412,990 Includes: $5,000 at Décor

36' Detached Home, The Elm ‘A’, 1,902 Sq.Ft. $454,990 Includes: $5,000 at Décor

MATTAMYHOMES.COM

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

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

3 STOREY TOWNHOMES TWO NEW MODELS NOW OPEN Visit our Sales Centre 591 Summerhill Street, Riverside South 613-822-6444

Summerhill Village Nestled on River Road in Ottawaâ&#x20AC;&#x2122;s south end, Summerhill Village is a picturesque community offering three-storey townhouses exclusively in its final phase. Each home is designed with careful attention to architectural detail in this community centered plan. Surrounded with parks and pathways, Summerhill Village is an oasis for nature lovers, exercise enthusiasts, and recreationalists. Units starting at $307,900*

591 Summerhill Street, Riverside South 613-822-6444 Monday - Wednesday: 1 - 8 pm Saturday & Sunday: 12 - 5 pm

*Brisbane model. 1515 Sq Ft. Price subject to change at any time, please contact a sales representative for more details.

Move in ready homes across the city 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 months, we have homes big and small that will fit every unique lifestyle.

STREAM (Findlay Creek)

THE STRATHCONA (Hunt Club)

940 sq ft Zen Urban Flat (Building E Level 2 Unit 4) Fully Furnished Only $219,900

Immediate Availability 1270 sq ft 2 Bed Condo Flat (Block B Unit 205) Only $351,900

WILLOW (Rockcliffe)

SYDNEY (Riverside South)

Available Early 2018 3220 sq ft Single Home (Lot 85) $15K Design Centre Bonus Only $830,000

Available in 4 months 1710 sq ft 3 Storey Townhome (Block 1 Unit 1) End Unit Only $353,900

COLTON B (Navan)

BLISS (Kanata)

Close in 2 months 2250 sq ft Single Home (Lot 2023) Only $513,500

Immediate Availability 1775 sq ft Townhome (Block 27 Unit 152) Mid Unit Only $368,900

ClaridgeHomes.com Prices and specifications are subject to change without notice. E.&O.E.

JAN 6 - 20, 2018 | VOLUME 18 ISSUE 1

CONTENTS

VICE-PRESIDENT & CHIEF PUBLISHING OFFICER

Caroline Andrews PUBLISHER & GENERAL MANAGER

Shawn Woodford DIRECTOR OF CONTENT & EDITOR-IN-CHIEF

Jennifer Reynolds DIRECTOR, MULTIMEDIA SOLUTIONS

Nora Wallace ASSOCIATE PUBLISHER

Anne-Marie Breen MANAGING EDITOR

Wayne Karl ART DIRECTOR

Megan Pike CONTRIBUTING EDITORS

ON THE COVER: Phoenix Homes Diamondview Estates takes off

ADVICE

C2 Home Smarts

Taking the long-term view of you new home investment BY MARNIE BENNETT

C11 Tarion Report

Time for change: The next step for Tarion

SPOTLIGHT ON CONDOS Your guide to new condo communities in the Gatineau and Greater Ottawa Area

BY HOWARD BOGACH

Housing starts gain in November: CMHC

INSPIRATION

Developments

Corners on Main: Perfect intersection for urbanites

8 NextHome.ca

Sarah Khan SENIOR MANAGER, DISTRIBUTION

Dwayne Rutherford NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

Anthony Majetic PRODUCTION CO-ORDINATOR

Dennis Ng GRAPHIC DESIGNER

Dennis Ng

A brand of Yellow Pages Homes Ltd.

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20 Small Space

Organization transformation with The Property Brothers

IN EVERY ISSUE

16 22 24 27

SALES & MARKETING CO-ORDINATOR

BY ALYSSA FURTADO

National Housing Strategy begins to address needs

C4 Domicile

Paul Bimm paul.bimm@nexthome.ca

Published by

What to consider before buying investment property

C8 Housing Strategy

PROPERTY PROFILE

SALES MANAGER, EASTERN ONTARIO

Mortgage Intel

TRENDING

Sonia Bell Marlene Eisner Elisa Krovblit Keay

Editor’s Note Hot Properties Advertisers Index What’s Online

#500-401 The West Mall Etobicoke, ON M9C 5J5 T 416.626.4200 F 416.784.5867 nexthome.ca

Advertising Call 416.626.4200 for advertising rates and information. Circulation Highly targeted, free distribution system aimed at real estate buyers using street level boxes and racking, plus door-to-door insertions in key audience segments. Call 1.855.826.4200 to discuss distribution opportunities. Copyright 2018 All rights reserved by Yellow Pages Homes Ltd. 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. Terms Advertisers, Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial Submissions from interested parties will be considered. Please submit to the editor at wayne.karl@nexthome.ca

EMBRACE YOUR PATH. Find Your Dream Home. After searching far and wide for the perfect new home, your hunt ends here at Pathways at Findlay Creek by eQ Homes. Enrich your life with your choice of any of eQ Homes’ three sensational housing styles, all offering outstanding value for families, downsizers and first-time buyers alike.

eqhomes.ca

Townhomes from the low

300’s

Sales Centre Located @ 4828 Bank St., Ottawa, Ontario

613-822-7247 | sales@eqpathways.ca Prices and specifications are subject to change without notice. Rendering is artist’s concept. E.&O.E.

from the low

Singles

400’s

A FRESH NEW YEAR AT F R E S H T O W N S

PHASE 1 SOLD OUT INTRODUCING PHASE 2 Start fresh this year and discover modern affordable living close to it all. Following last year’s success, Fresh Towns offers more of what you’re looking for with Phase 2 of this spectacular townhome community: Too Fresh. Imagine open concept living, modern designed chef kitchens, and spectacular rooftop decks. Close to parks, schools, shops, transit, and Highway 416 & 417. STARTING FROM THE LOW

300’s FRESHTOWNS.CA IRIS ST BASELINE RD

HUNT CLUB RD

GREENBANK RD

MORRISON DR

HWY 416

QUEENSWAY 417

Exclusive Listing Brokerage, Milborne Real Estate Inc. Brokers Protected. Prices and specifications are subject to change without notice. Renderings are artist concept only. E. & O. E. 2018

SPOTLIGHT ON

UT L-O N L U P CTIO SE CIA SPE

IN THIS SECTION

YOUR PULL-OUT GUIDE TO HIGHRISE, CONVERSION, LOFT, TERRACE & TOWNHOME CONDO PROJECTS

ADVICE | HOME SMARTS

INVESTING IN YOUR HOME: TAKING THE LONG VIEW

SPOTLIGHT ON

CONDOS

MARNIE BENNETT

If you’re reading NextHome, 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-andcoming 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

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because you favour showers over baths, for instance, doesn’t mean it’s a good idea to skip 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, cost-effective 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 CEO of the 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

+MORE ADVICE ONLINE nexthome.ca/news/advice

This is pretty big news.

11 Oblats Ave (off Main) | Mon-Thurs, 12-6pm, Sat-Sun, 12-5pm | 613-806-6246

cornersonmain.ca

CONDOS

Large condos in Old Ottawa East

SPOTLIGHT ON

new model now open C3

PROPERTY PROFILE

THE CORNERS ON MAIN

SPOTLIGHT ON

CONDOS

THE PERFECT INTERSECTION FOR OTTAWA URBANITES Domicile has yet again created must-see condominiums in the heart of the city. This four- and six-storey midrise along Main Street is the perfect addition to this already established community, which has recently undergone a period of growth and transition. Phase 1 of Domicile’s latest condominium project is almost sold out, and construction at Phase 2 has now begun. The Corners on Main is urban living at its finest. Why not jump on

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your opportunity to live at one of the best? The Corners on Main is a 25minute walk to the downtown core and only eight minutes by bike. Nestled between the Rideau Canal and the Rideau River, there are countless ways for you to enjoy your free time. On Saturday mornings during the growing season, the Main Farmers’ Market is just up the street. Old Ottawa East is one of the city’s most promising

neighbourhoods with an active and vibrant community housing association. The future is bright for Main Street thanks to a successful City of Ottawa infrastructure renewal project and significant involvement from the active community association. The influx of development underway in the area includes promising groundfloor retail opportunities at The Corners on Main. Construction is now well underway at the site for the future

St. (next to Saint Paul University) to see the fully-furnished model suite and interactive touch-screen display of the build site.

LOCATION Old Ottawa East DEVELOPER Domicile DEVELOPMENT The Corners on Main HOME TYPE Condominiums

SALES CENTRE

223 Main St., open Monday to Thursday noon to 6 p.m., Saturday & Sunday noon to 5 p.m. CONTACT 613.806.6246

CONDOS

tiles. All of these finishes come standard, which means you don’t have to worry about spending money on upgrades. Domicile offers a four-year extended warranty, a first-time homeowner’s incentive program, and they are the only builder in the city with 100-per-cent smoke-free buildings. Phase 2 will be directly on Main Street and will include 14,000 sq. ft. of commercial and retail space. Domicile is actively seeking leasing proposals. This retail space will add to the already thriving and quaint atmosphere of Main Street. Buyers of Phase 1 will begin moving into their new homes in January. Don’t miss out on your opportunity to live in one of the city’s finest neighbourhoods. For more information on The Corners on Main, visit cornersonmain.ca or head to the Presentation Centre at 223 Main

SPOTLIGHT ON

pedestrian bridge across the Canal linking Old Ottawa East to Lansdowne and the Glebe. For years, communities on both sides of the canal have pushed for this much needed crossing. Now, you can quickly take a scenic walk along the Canal to Clegg street, and within minutes, you are at Lansdowne. Buyers can choose from a variety of layouts: Pied-a-terre, one-bedroom, two-bedroom and two-bedroom with den. The tried-and-true exterior brick and stone facades are timeless and well-suited to the neighbourhood. As with all Domicile projects, the design and craftsmanship favour classic styles over temporary trends. All suites offer high-end finishes, such as quartz countertops, hardwood floors, quality cabinetry, stainless-steel appliances, and a large selection of attractive

CONDOS SPOTLIGHT ON C6

Be a part of something

_ICONIC Find your new home in the heart of Little Italy where stunning views of Dowâ&#x20AC;&#x2122;s Lake are available for as low as $301,000.

www.claridgeicon.com 485 Preston Street, Ottawa 613.695.1441

UNDER CONSTRUCTION

Available April 2020

MOVE IN READY LOCATIONS

AROUND THE CITY $ 2OF

0KF*

$ 4OF

WATERSTREET

TRIBECA EAST

Studio, 1 & 2 bedroom units starting from $255,000

1 & 2 bedroom units starting from $357,000

300 Lett Street 613-232-2049

112-316 Bruyère Street 613-680-6560

56 Nepean Street 613-234-1780

STIRLING PARK

CLARIDGE PLAZA

CLARIDGE ICON

1 & 2 bedroom units starting from $289,000

1 & 2 bedroom units starting from $317,000

1 & 2 bedroom units starting from $301,000

107-330 Titan Private 613-224-0330

244 Rideau Street 613-241-3235

485 Preston Street 613-695-1441

0KF*

$ 2OF

N R TIO DEUC UNSTR N CO

FUSION 2 & 3 bedroom units starting from $484,000

* 20K and 40K deals valid for corresponding buildings only. Valid until April 1, 2018. Conditions apply, contact a sales representative for more details.

316

ON THE RIDEAU RIVER

Ask sales representative for more details. Purchase and close before April 1, 2018. Conditions apply.

CONDOS

ClaridgeHomes.com Prices and specifications are subject to change without notice. E.&O.E.

SPOTLIGHT ON

BRUYÈRE ST.

SAVE $20,000

TRENDING

NATIONAL HOUSING STRATEGY BEGINS TO ADDRESS HOUSING NEED IN CANADA by WAYNE KARL

SPOTLIGHT ON

CONDOS

After more than a year of consultations with everyday Canadians, experts, stakeholders, think tanks and provinces and municipalities, the federal government recently unveiled Canada’s first ever National Housing Strategy. Billed as the tool that will help reduce homelessness and improve the availability and quality of housing for Canadians in need, the 10-year, $40-billion plan aims to: • Reduce chronic homelessness by 50 per cent • Remove more than 530,000 households from housing need • Create four times as many new housing units as built under federal programs from 2005 to 2015

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• Repair three times as many existing housing units as repaired under federal programs from 2005 to 2015, and • Protect an additional 385,000 households from losing an affordable place to live. “Everyone deserves a safe and affordable place to call home,” Prime Minister Justin Trudeau said in announcing the Strategy. INVESTMENT UNDER THE PLAN INCLUDES:

• $15.9 billion for a new National Housing Co-Investment Fund • $8.6 billion for a new Canada Community Housing Initiative in partnership with provinces and territories, and $500

million through a new Federal Community Housing Initiative • $4 billion for a new Canada Housing Benefit launching in 2020 in partnership with provinces and territories, and • $2.2 billion to reduce homelessness “The National Housing Strategy will create a new generation of housing in Canada,” says JeanYves Duclos, Minister of Families, Children and Social Development and Minister Responsible for Canada Mortgage and Housing Corporation. “It will promote diverse communities and will build housing that is sustainable, accessible, mixed-income and mixed-use that will be located

”

— Don Campbell

”

— Prime Minister Justin Trudeau

income communities. Inclusive communities can promote inclusiveness and greater housing affordability, as well as fairer treatment of newcomers to housing. “The $2,500 per year housing allowance is interesting in that it demonstrates the federal government is aware of how even those who already have housing are struggling on a monthly basis to keep it,” John Herbert, executive director of the Greater Ottawa Home Builders’ Association, told NextHome. “It should also allow many families who cannot currently afford accommodation to do so going forward. “We’ll have to wait for more details on how the rest of the money is being targeted before we know how effective it might be.” One area where the Strategy comes up short is the issues of housing supply and affordability. “While the Strategy acknowledges the social value of home ownership, and the key role of market housing in meeting the housing needs of Canadians, it does not address issues of supply and affordability,” according to the Building Industry and Land

Development Association (BILD). These issues are top of mind with Canadians, especially younger families and those working hard to achieve a middle-class life. BILD has maintained that a complete National Housing Strategy must address the full “housing continuum” – from social housing and housing assistance measures, to market rental and ownership housing. “Otherwise, deteriorating affordability will simply increase demand for social housing and other types of assistance.” Real estate expert, author and educator Don Campbell says that while the Strategy sounds promising initially, the proof will be in future legislation. “As with many of the recent provincial and federal government announcements, the reality, versus the marketing, will be hidden in the legislation,” he told NextHome. “The ideas and policies, although based in problem solving, aren’t often implemented towards the stated goal. It is difficult to see how much more ‘affordable’ rent will become, even with the proposed $200 federal rental subsidy, if policies, like those (recently) legislated in Ontario and being discussed in BC, reduce supply right as demographic demand is increasing. “We should all be prepared for a flurry of announcements and headlines over the coming months as more details are brought to the forefront,” Campbell adds. “But, once again, the true story will come out in the piece of legislation.”

CONDOS

“

... the reality, versus the marketing, will be hidden in the legislation.

“

Everyone deserves a safe and affordable place to call home.

SPOTLIGHT ON

near transit, work and public services.” Though details on some of the inclusions are still to come, the home building industry is generally positive about the Strategy. “With regards to the Canada Housing Benefit, CHBA has long recommended such a measure to help low-income Canadians participate in the wider housing market,” says Kevin Lee, chief executive officer of CHBA. “The vast majority of Canadians in core housing need have an income problem, not a housing problem. This Benefit can provide them support and choice, rather than tying them to specific housing units.” CHBA had also recommended the introduction of a “portable” housing benefit that would support low-income individuals directly, rather than subsidize buildings. Data released by Statistics Canada recently confirms that more than 836,000 households need income support based on their rent-to-income ratio. This means that more than three-quarters of households designated as in “housing need” live in adequate housing, but can’t afford it. CHBA says it was also pleased to see the federal government commit to a new public engagement campaign to encourage inclusive communities. A national “NIMBY to YIMBY” campaign (Not-In-My-Back-Yard to Yes-In-My-Back-Yard) has also been a CHBA recommendation to support the development of complete mixed-use, mixed-

JAN. 6-20, 2018 C9

TRENDING

HOUSING STARTS

SPOTLIGHT ON

CONDOS

ON THE RISE IN OTTAWA

Driven by demand from the multiunit segment, Canadian housing starts trended upward in November 2017 to 226,270 units, compared to 216,642 in October, according to the Canada Mortgage and Housing Corp. (CMHC). This trend measure is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts. “The trend in housing starts reached its highest level in almost 10 years this November, reflecting a second consecutive increase in multiple starts,” says Bob Dugan, CMHC’s chief economist. “This largely reflects construction of multiple units in Toronto, where evidence of overbuilding is low

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due to the decreasing inventory of completed and unabsorbed multiple units and strong demand.” Ottawa builders started 948 homes in November, significantly higher than the 367 homes started at the same time last year. Singledetached homes were up 10 per cent from last year, with 194 homes in November 2017 compared to 177 homes last year at this time. Housing starts for multi-family dwellings saw the greatest gain, with 754 starts in November 2017 compared to 190 last November. CMHC uses the trend measure as a complement to the monthly SAAR of housing starts to account for considerable swings in monthly estimates and obtain a more

complete picture of Canada’s housing market. In some situations, analyzing only SAAR data can be misleading, as they are largely driven by the multi-unit segment of the market, which can vary significantly from one month to the next. The standalone monthly SAAR of housing starts for all areas in Canada was 252,184 units in November, up from 222,695 units in October. The SAAR of urban starts increased by 14.4 per cent in November to 235,412 units. Multiple urban starts increased by 16.9 per cent to 175,016 units in November. Single-detached urban starts increased by 7.5 per cent, to 60,396 units.

ADVICE | TARION REPORT

TIME FOR CHANGE THE NEXT STAGE FOR TARION

“

HOWARD BOGACH

”

expand our enforcement efforts and employing additional tools to ensure new-home builders are constructing safe and legally built homes. From enhanced coverage for deposits to protection for emerging issues such as radon, consumer protection continues to evolve. Change is good, and we look forward to the improvements and innovations in the years to come. This transformation may take time to implement, but in the meantime, consumers can continue to rely on Tarion to protect their new home purchases. Howard Bogach is president and CEO of Tarion Warranty Corp For more information, visit tarion.com or find on Facebook at facebook.com/ TarionWarrantyCorp.

+MORE ADVICE ONLINE nexthome.ca/news/advice

CONDOS

Yet, our technology upgrades don’t end there. We’ve digitized our processes, making it possible for consumers and builders to upload and manage their documentation online. This not only makes things more streamlined, but has also helped us reduce our environmental footprint. In addition, we’re piloting artificial intelligence tools to improve our scheduling and inspections. Despite all this technology, the human touch is still important. If someone has a problem with their home, they want to talk to someone who understands. Our people have always been our strength and we’ve been equipping our teams with additional skills in mediation and dispute resolution to help resolve warranty and customer service issues. In the future, Tarion’s roles of warranty administrator and industry regulator will be separated. Today, however, we are continuing to

SPOTLIGHT ON

When we purchase a new home, we expect it to be safe, functional and protected by a new-home warranty if anything goes wrong. In December, the Ontario legislature passed the Strengthening Protection for Ontario Consumers Act, 2017, which enables the establishment of two administrative authorities – one to administer and the other to regulate new-home builders and vendors. This change represents an exciting next step that will see the functions currently delivered by Tarion, delivered by two separate organizations, and will strengthen consumer protection in the new home industry. We are pleased to support the Ontario government on the smooth transition and delivery of its plan, and look forward to taking advantage of the opportunities that will benefit consumers and the industry. In the meantime, I am excited about the enhancements we have been making to our procedures and processes to make us a more nimble, technology-savvy organization. Today’s society is mobile, and we want to do everything on the go. We have therefore made homebuying tips, warranty information and builder services available in mobile-friendly apps.

Change is good, and we look forward to the improvements and innovations in the years to come

JAN. 6-20, 2018 C11

SPOTLIGHT ON

CONDOS

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EDITOR’S NOTE

A WELCOME PAUSE FIRST-TIME BUYERS MIGHT CATCH A BREAK

WAYNE KARL MANAGING EDITOR NextHome EMAIL: Wayne.Karl@nexthome.ca TWITTER: @WayneKarl

If it were in a sports landscape, 2017’s home price growth stats would make for career years: 23 per cent in Niagara, 22 per cent in Kitchener-Waterloo, 21 per cent in Brampton, and even nine per cent in Ottawa... Indeed, these are all-star numbers by any measure. Notice a commonality among these top performers? They’re all in Ontario. And you have to go pretty far down the list – that is, ReMax’s 2018 Housing Market Outlook – before you find a market outside the province. This trend may change slightly in 2018, however, as ReMax and even Canada Mortgage and Housing Corp. are calling for more muted home price growth. The forecast for Ottawa is 3.5 per cent this year, ReMax says. “Ottawa experienced an active housing market in 2017, characterized by an influx of move-over buyers from the Greater Toronto Area who cashed in on their built-up home equity in favour of affordability in the Ottawa region,” Christopher Alexander, executive vice-president at ReMax, told NextHome. “Overall, homebuyers will remain optimistic in 2018 as the housing market comes into balance and thanks to a now strong local economy and continued investment in infrastructure.” For prospective first-time homebuyers, these conditions represent a welcome pause, and opportunity.

ONLINE: 2017 was a pivotal year in Canadian real estate. In true New Year’s fashion, we count down some of the most newsworthy events. nexthome.ca/2017-stories

+ get social 16 NextHome.ca

Interact with us on social media: nexthome

NEW MODEL HOMES IN STITTSVILLE

BUNGALOWS

TWO STOREYS

670 PARADE DR, STITTSVILLE k Rd

n Fernba

Stittsville Main St West Ridge Dr

Parade Dr

SALES CENTRE ay aW

olin

p Cam

BUNGALOWS FROM $373,900 | SINGLE HOMES FROM $401,900 Visit our 3 new model homes in Stittsville. Our designs give you open, spacious layouts with large windows and contemporary styling. Visit our Sales Centre for more information. SALES CENTRE 670 Parade Dr., Stittsville (613) 435-8141

Monday to Thursday: 12pm - 7pm Friday to Sunday: 12pm - 5pm

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

PROPERTY PROFILE

DIAMONDVIEW ESTATES LUXURIOUS GATED COMMUNITY HAS TAKEN OFF Diamondview Estates opened its gates on Aug. 5, 2017, and the community already has many sales on the board. Registration for this one-of-a-kind gated community, has been open for the last few months, and the response has been outstanding. It won’t be long before this community is completely sold out, so don’t wait! Diamondview Estates is a brand new development recently 18 NextHome.ca

launched by Phoenix Homes. The fully serviced, 50- and 60ft. lots offer all of the standards of city living, such as water and sanitary services. Phoenix Homes’ Diamondview Estates is a luxurious community located only 10 minutes from the Brookstreet Hotel in Kanata. This community is ideal for those working in Kanata and looking for an easy commute, or downsizers

who still want to be near all the major amenities in Kanata. Part of the unique charm of this neighbourhood is its location next to the private Carp Airport. Residents will have exclusive access to private parks and a community centre. By driving a short distance outside of the city centre, buyers will save roughly $40,000 on a home compared to a similar

densification, many homebuyers are choosing to move outside of the city centre in search of space. Carp offers plenty of space, charm, and a quaint community: ideal for families and retirees alike. Diamondview Estates has spacious yards and large homes – all within a gated community. Carp is poised for future growth as the area on the opposite side of the Carp Airport will be further developed with retail and commercial operations. Since 1997, this family-run business has been changing the landscape of Ottawa’s new-home market. Phoenix Homes has established itself as a trustworthy, reliable builder in Ottawa, delivering top-quality products for families for two decades. Phoenix Homes takes its role in the city seriously as the team continues to give-back in many philanthropic ways. For more information on Diamondview Estates, visit phoenixhomes.ca/request-info

model in Kanata. The expansive lots offer two-storey singles and bungalows, and the 60-ft. lots come with an option for a three-car garage. Buyers love Carp because of its proximity to all of the major amenities in Kanata: from movie theatres to grocery stores, and boutiques to restaurants, everything you need is only a short drive away. As a bonus, you gain the serenity and peacefulness that comes from living outside of the hustle and bustle of the city. Phoenix Homes will be offering many of the most popular models from their Fernbank Crossing and Shadow Ridge sites. The twostorey models are built with room for you and your family to grow with homes ranging in size from

1,933 to 4,229 sq. ft. The bungalows are equally spacious, with floorplans ranging from 1,274 to 2,515 sq. ft. – great for downsizers who aren’t quite ready for the condo life. With the option of two-, three, four- and five-bedroom homes starting as low as $439,900, there really is something for everyone. All homes come with spacious nine-ft. ceilings on the main floor, vaulted ceilings, granite countertops and stylish backsplash in the kitchen, oak railings on the stairwells, stippled ceilings with four-inch designer edge, and high efficiency gas fireplace with oak mantle and trim. However, in order to get a feel for these homes, you really do need to come and experience them firsthand. With more emphasis on urban

LOCATION Carp DEVELOPER Phoenix Homes DEVELOPMENT Diamondview Estates HOME TYPE Single-family, two-storey homes and bungalows SALES CENTRE Open Monday to Thursday 1 to 7 p.m., closed Friday & holidays, open Saturday & Sunday noon to 5 p.m. CONTACT 613.461.0277 kconnors@phoenixhomes.ca phoenixhomes.ca

JAN. 6-20, 2018 19

INSPIRATION | SMALL SPACES

ORGANIZATION

transformation

ON HGTV’S BROTHER VS. BROTHER, THE PROPERTY BROTHERS JONATHAN AND DREW SCOTT FIX POORLY USED STORAGE WITH SOME CREATIVE CLOSET CUSTOMIZATION by ELISA KROVBLIT KEAY

Jonathan and Drew Scott are widely recognized as The Property Brothers, the hit HGTV show now in its sixth season. Their other show, Brother vs. Brother, now five seasons in, has proven to be just as entertaining. The Scott’s combined realtor and renovator skills, personalities and real estate savvy make for some spectacular TV. In one episode of Brother vs. Brother, Drew and Scott waged the Beachfront Battle, and though both properties were beautiful, The Galveston Beach House was a solid win for Drew. Even the closets were gorgeous! While the Scott brothers aren’t likely to pay you a visit, you can share in the secret to customized closets and bring the beauty, organization and function into your own home. In Beachfront Battle, Drew used modularclosets.com to transform the closets in the Galveston Beach House. No mere crossbar and top shelf, the spaces featured on Brother vs. Brother showcased how to maximize storage in these basic closets. There are many options for customizing a closet and maximizing 20 NextHome.ca

DREW & JONATHAN SCOTT BROTHER VS. BROTHER SEASON 5

BEFORE

functional storage. These range from do-it-yourself solutions that can be bought off the rack at a local hardware store, to fully custom-built spaces that cater to a homeowner’s every need. In today’s new home and condo market, where real estate is at a premium and storage is slim, it makes sense to get the most mileage out of any storage space. There are seemingly endless choices when it comes to custom closets. Zev Lapides, director of online sales at modularclosets. com, says, “Choosing closet parts is like anything else. The more you add, the more it will cost, but the more you will enjoy your closet.” One of the benefits of a wellorganized closet is that it reduces the demand for furnishings. In a small bedroom, this can mean the difference between comfortable and cramped. Eliminate the need for a highboy dresser and a chest of drawers, and now you’ve got ample floorspace for a roomier, more minimalist feel without sacrificing storage. “Many people opt for a wellequipped closet instead of

AFTER

furniture,” says Lapides. “This gives you the ability to keep the bedroom clean and neat, leaving all your clothes in a closed closet.” And if you’re sharing closet space with a significant other, Lapides says, “We usually try to keep his and hers separate. It makes it much easier to keep organized and neat.” You already know who the neat one is in your relationship, so imagine what a well-organized closet may mean for you. With inspiration from the gorgeous examples on Brother vs. Brother, some smart closet design and a few functional and fashionable accessories, you, too, can have an organization transformation in your closets. For more of Jonathan and Drew Scott, visit thescottbrothers.com and check out Brother vs. Brother, The Property Brothers and other shows on HGTV. You can also dive into their newest book release, It Takes Two.

+ MORE INSPIRATION ONLINE :

NEXTHOME.CA/NEWS/INSPIRATION JAN. 6-20, 2018 21

HOT PROPERTIES

FIND YOUR NEXT HOME This page features the latest properties to keep your eye on in the Eastern Ontario area.

DIAMONDVIEW BY PHOENIX HOMES

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

AVIATION PRIVATE By: Valecraft Homes City: Ottawa Housing type: Terrace Home Contact: 613.680.4771 valecraft.com

BLACKSTONE By: Cardel Homes City: Kanata Housing type: Singles, Towns, Condos Contact: 613.836.9521 cardelhomes.com

22 NextHome.ca

CARLETON CROSSING

GALLERY TOWNHOMES

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

By: Tamarack Homes City: Orléans Housing type: Townhomes Contact: 613.422.5925 tamarackhomes.com

DIAMONDVIEW

GREYSTONE

By: Phoenix Homes City: Carp Housing type: Singles Contact: 613.461.0277 phoenixhomes.ca

By: eQ Homes City: Old Ottawa East Housing type: Singles, Condo, Townhomes Contact: 613.569.3043 greystonevillage.ca

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

HARMONY By: Minto City: Barrhaven Housing type: Singles, townhomes Contact: 613.789.7977 mintoharmony.com

THE CORNERS ON THE MAIN BY DOMICILE

ICON

POTTER’S KEY

TEMPO

By: Claridge Homes City: Ottawa Housing type: Condominium Contact: 613.695.1441 claridgeicon.com

By: Minto City: Stittsville Housing type: Singles Contact: 613.788.2761 minto.com

By: Glenview Homes City: Kemptville Housing type: Singles Contact: glenviewhomes.com

KOL

RATHWELL LANDING

By: Cardel Homes City: Blackstone Housing type: Condominiums Contact: 613.592.0062 cardelhomes.com

By: Valecraft Homes City: Stittsville Housing type: Bungalows, townhomes Contact: 613.435.8141 valecraft.com

MAHOGANY

STIRLING PARK

By: Minto City: Manotick Housing type: Singles Contact: 613.788.2776 mintomahogany.com

By: Claridge Homes City: Nepean Housing type: Condominiums Contact: claridgestirlingpark.com

TERRACES AT GREYSTONE

By: Minto City: Ottawa Housing type: Condominiums Contact: 613.696.8188 minto.com

By: Claridge Homes City: Ottawa Housing type: Singles Contact: 613.425.1332 claridgehomes.com

By: Mattamy City: Barrhaven Housing type: Singles, townhomes Contact: 613.825.7932 mattamyhomes.com

By: Richcraft City: Centretown Housing type: Condominiums Contact: 613.695.7577 thebowerycondos.ca

By: Domicile City: Ottawa Housing type: Condominium Contact: 613.806.6246 cornersonmain.ca

TRIBECA LOFTS TALL SHIPS LANDING

ON HALF MOON BAY

THE BOWERY CONDOS & LOFTS

THE CORNERS ON MAIN SUNDANCE

MINTO BEECHWOOD

By: eQ Homes City: Greystone Housing type: Condominium Contact: greystonevillage.ca

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

By: Claridge Homes City: Ottawa Housing type: Condominium Contact: 613.234.1780 claridgetribecalofts.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@NEXTHOME.CA

JAN. 6-20, 2018 23

et a

Builder Name

Site Name

Almonte

Phoenix Homes

White Tail Ridge

From $390's

12, 13

Carp

Phoenix Homes

Diamondview Estates

From $400's

12, 13

Carleton Place

Cardel Homes

Miller's Crossing

From $310's

10, 11

Hunt Club

Claridge Homes

Hunt Club Flats

From $277,900

6, 7

Kanata

Claridge Homes

Bridlewood Trails

From $394,900

6, 7

Kanata

Phoenix Homes

Fernbank

From $350's

12, 13

Kanata

Phoenix Homes

Terra Flats

From $200's

12, 13

Kanata

Cardel Homes

Blackstone

Inquire

10, 11

Stittsville

Mattamy

Traditions II

From $321,990

4, 5

Stittsville

Minto

Potter's Key

Inquire

2. 3

Stittsville

Valecraft

Rathwell Landing

From $373,900

Barrhaven

Claridge Homes

West Pointe Village

From $602,900

6, 7

Barrhaven

Mattamy

Half Moon Bay

Inquire

4, 5

Barrhaven

Minto

Harmony

Inquire

2, 3

Barrhaven

Phoenix Homes

Felton Court

From $270's

12, 13

Barrhaven

Phoenix Homes

Strandherd Meadows

Inquire

12, 13

Findlay Creek

Phoenix Homes

Pathways

From $200's

12, 13

Kemptville

Glenview Homes

Tempo

Inquire

Ottawa South

Claridge Homes

Summerhill Village

From $369,900

6, 7

Ottawa South

Claridge Homes

Sundance

From $592,900

6, 7

Navan

Claridge

Spring Valley Trails

From $343,900

6, 7

Orléans

Minto

Avalon Encore

Inquire

2, 3

Orléans

Phoenix Homes

Halo Flats

From $200's

12, 13

Location

c Se he m d B i un g To alo w w n A h om du e/ lt Li Co fe n st do yl e

INDEX OF ADVERTISERS

Prices

Page

WEST

SOUTH

x x

EAST

24 NextHome.ca

Rockcliffe

Claridge

Wateridge Village

Ottawa

Greatwise

Fresh Towns

eQ Homes

Pathways

Crystal Beach

Cardel Homes

Downtown

c Se he m d B i un g To alo w w n A h om du e/ lt Li Co fe n st do yl e

Site Name

et a

Builder Name

Location

Prices

Page

From $748,900

6, 7

From $300's

KEEL Condos

From $440's

10, 11

Claridge Homes

Icon

From $301,000

C6, C7

Downtown

Claridge Homes

The Lofts

From $400's

C6, C7

Downtown

Claridge Homes

Tribeca

From $345,000

C6, C7

Downtown

Richcraft

The Bowery

From $194,000

C12

Kanata

Cardel Homes

KOL Condos

From $330's

10, 11

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

From $232,000

C6, C7

Ottawa Central

Claridge Homes

Fusion

From $282,000

C6, C7

Ottawa Central

Claridge Homes

Waterstreet

From $250,000

C6, C7

Ottawa East

Domicile Development Inc

Corner On Main

Inquire

Ottawa East

Minto

Minto Beechwood

From $354,900

2,3

Ottawa West

Tamarack

Wellington

From $299,068

West Nepean

Claridge Homes

Stirling Park

From $279,000

C6, C7

West Ottawa

eQ Homes

Terrace At Greystone

From $199,900

CENTRAL Ottawa

CONDO

JAN. 6-20, 2018â&#x20AC;&#x192;25

ADVICE | MORTGAGE INTEL

WHAT TO CONSIDER BEFORE BUYING AN

INVESTMENT PROPERTY ALYSSA FURTADO

An income property can be a good way to make money, especially in retirement. However, there are things you need to consider before taking the plunge. Here are the advantages and disadvantages of buying an investment property: ADVANTAGES You can use leverage: If you have

equity in your home, you can use it to help finance the purchase of another property. In a low-interest rate environment, mortgage rates are lower as are the costs of buying an income property. You’ll build up more equity when you earn rental income to pay down the mortgage. In the future, you could use that additional equity to buy another property or properties but you should ensure you can make larger mortgage payments when rates increase. You can earn additional income regularly: As long as you have a

tenant, you’ll earn monthly income on a regular basis. The more investment properties you have, the more you could potentially earn. You don’t often get regular income from other types of investments. You get tax deductions: While you’ll earn rental income, you’ll also be able to deduct any expenses. Advertising, insurance, 26 NextHome.ca

maintenance and repairs, property taxes and legal fees are just a few of the expenses that are deductible. It’s best to consult with your accountant to find out what costs you can deduct.

“

As long as you have a tenant, you’ll earn monthly income... You don’t often get regular income from other types of investments.

DISADVANTAGES

”

You may need additional

financing: If you want to buy a

multi-unit property and intend to live in it, you’ll need a down payment of between five and 10 per cent, depending on the total number of units in the property. But when you purchase a property you don’t plan to live in, you need a down payment of at least 20 per cent. Also, some lenders won’t recognize 100 per cent of the potential rental income you might expect to earn; some may consider just 50 per cent, while other lenders might consider 80 per cent. So, you could be forced to make a bigger down payment to qualify for a mortgage. You might not always have a tenant: Ideally, you’ll earn enough

rental income to cover your annual costs. However, you’ll still need to make mortgage payments without a tenant. You should be prepared for the worst and have an emergency fund for the times you don’t have a renter. Your property isn’t a liquid investment: If you own stocks or

bonds, you can buy and sell them quite quickly. However, it can take a long time between listing your property for sale and the closing date. This might be a problem if you need the money right away. You have additional responsibilities: Being a landlord

can be a difficult job. You’re responsible for any maintenance and repairs, and there are also some headaches you have to deal with, such as a tenant that damages your property or misses a rent payment. The alternative is to hire a property manager who can take care of those problems but at a cost to you. While an investment property provides additional income, be aware of the pros and cons before you decide to make a purchase. Alyssa Furtado is founder and CEO of RateHub.ca, a website that compares mortgage rates, credit cards, highinterest savings accounts, chequing accounts, and insurance with the goal to empower Canadians to search smarter and save money.

+MORE ADVICE ONLINE nexthome.ca/news/advice

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