Eastern Ontario New Home & Condo Guide - Feb 8, 2014 by NextHome

February 8 - 22, 2014 Volume 14 Issue 3

Eastern Ontario Edition

Your Best Source for New Homes and Condos

KoL Condos

Now Selling in Blackstone!

inside this issue

ADVICE FOR MOVING IN WINTER

CONDO LIVING AT ITS MOST CAREFREE

RISKS & REWARDS OF REAL ESTATE INVESTING

All over Ottawa, there’s a Cardel to call home. Singles in Carleton Place

Singles, towns and condos in Kanata

1 lot left – quick occupancy at Richmond

613.444.0440

613.836.9521

613.444.0440

1 lot left – quick occupancy in Stittsville

Singles and towns in Kanata

Singles and towns at Barrhaven

613.435.5706

613.290.4703

Visit us online for community details, interactive floorplans and much more.

SINGLE FAMILY

CONDOS + TOWNS

CUSTOM HOMES

Built for real life. CARDELHOMES.COM

Monarch first. Before the ‘60’s changed the world. Before the Baby Boom began. Before the Roaring ‘20’s took us dancing to the Charleston or out to the movies, Monarch was here. First. For 96 years, families have trusted Monarch for the most important investment of their lives. So choose the one builder who has always been there for Canadian families. And visit Monarch. First.

INCREDIBLE INVENTORY INCENTIVES AT ALL MONARCH COMMUNITIES NEPEAN | LINKS AT STONEBRIDGE $10,000 OFF PURCHASE PRICE ON ALL STACKED TOWNS INVENTORY STACKED TOWNHOMES FROM THE LOW $200,000’s Sales Centre located at 610 Kilbirnie Drive (Kilbirnie Drive & Shadehill Crescent) 613-692-9284

NEPEAN | STONEBRIDGE INVENTORY SINGLES WITH OVER $27,000 IN UPGRADES INCLUDED EXECUTIVE TOWNHOMES FROM THE UPPER $200,000’s EXECUTIVE SINGLES FROM THE MID $400,000’s Sales Centre located at 610 Kilbirnie Drive (Kilbirnie Drive & Shadehill Crescent) 613-692-9284

KANATA | BLACKSTONE $30,000 BONUS VALUE ON SELECT INVENTORY HOMES TRADITIONAL TOWNHOMES FROM THE UPPER $200,000’s ALL NEW 32’ SINGLES FROM THE UPPER $300,000’s EXECUTIVE 46’ SINGLES FROM THE MID $400,000’s Sales Centre located at 110 Westphalian Avenue 613-831-2619

NEPEAN | LONGFIELDS $10,000 OFF PURCHASE PRICE ON ALL INVENTORY HOMES COURTYARD TOWNHOMES FROM THE LOW $300,000’s SEMI-DETACHED FROM THE UPPER $300,000’s Sales Centre located at 280 Longfields Drive (Longfields Drive and Beatrice Drive) 613-569-5313

MOVE IN SOON & SAVE THOUSANDS

HOURS: Monday – Thursday: 1pm – 8pm, Friday, Weekends & Holidays: 12pm – 5pm

discover more

MonarchGroup.net

first.

Other promotional offers do not apply with this promotion. Prices and specifications subject to change without notice. *Extras noted above are as per plan and as specified by Vendor and as per Vendor’s delineated and graded samples. Some restrictions may apply. Extras to be chosen at Monarch’s Home Design Studio. Please see sales associate for additional details. E. & O.E. 9227 5

mattamyhomes.com

Today Enjoy Great New Offers For The New Year On All Early Closings!

Great New Home Incentives & Move In Early!

Tour Our New Model Homes In Monahan Landing And Half Moon Bay.

Right now and for a limited time you will enjoy a huge amount of included features in our early closing homes. We are also including money to spend at the Decor Centre. Don't miss this amazing savings opportunity in all three of our established Ottawa communities.

All illustrations are artistâ&#x20AC;&#x2122;s concept. All dimensions are approximate. Prices, specifications, terms and conditions subject to change without notice. E.&O.E.

BARRHAVEN - 2 New Model Homes Now Available To Tour!

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Includes: 3 Stainless Steel Appliances & Granite Countertops In Kitchen.

2-Storey Townhome, The Oak End ‘A’, 1,766 Sq.Ft., $294,990

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Single Car Garage Home, The Forestlane ‘A’, 2,050 Sq.Ft., $374,990

Includes: Rec. Room Ready PPO, 9' Ceiling On Main Floor PPO, Granite Countertops In Kitchen & Hardwood Floor In Lieu Of Carpet On Main.

Townhomes From $259,990·Detached Homes From $312,990 Half Moon Bay Sales Centre: 3454 Greenbank Road, Barrhaven, 613.825.7932

KANATA - 3 New Model Homes Now Available To Tour!

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3-Storey Townhome, The Brookside ‘A’, 1,360 Sq.Ft., $259,990 Includes: 3 Stainless Steel Appliances & Granite Countertops In Kitchen.

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Double Car Garage Home, The Berrywood ‘B’, 1,749 Sq.Ft., $354,990

Includes: 9' Ceiling On Main Floor PPO, Granite Countertops In Kitchen, Hardwood Floor In Lieu Of Carpet On Main & Air Conditioning.

Townhomes From $259,990·Detached Homes From $328,990 NEW Monahan Landing Sales Centre: 7 Summitview Drive, Kanata, 613.271.0636

KANATA

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WideLot™ Townhome, The Berrygrove ‘A’, 1,126 Sq.Ft., $264,990

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Includes: 3 Stainless Steel Appliances, Granite Countertops In Kitchen, Hardwood Floors In Lieu Of Carpet On Second Floor & Ceramic Tile In Lieu Of Vinyl.

Village Home, The Appleby ‘B2’, 1,100 Sq.Ft., $235,990

Includes: 3 Stainless Steel Appliances.

Townhomes From $235,990

Temporary Fairwinds Sales Centre: 7 Summitview Drive, Kanata, 613.271.0636

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

BARRHAVEN

P RE S E N T E D B Y AWA R D - WIN NIN G U N IFORM U RB A N DEV EL OPMEN TS

Conveniently located near Stonebridge in Barrhaven, Manotick Village and the Rideau River, this idyllic neighbourhood features thirty classic, Barry J. Hobin designed homes surrounded by natural, open spaces and flowering trees. Singles starting from $519,000

BEAUTIFUL TOWNHOMES NOW ON SALE Visit our Sales Pavilion

Mon. – Thurs. 12pm to 7pm | Fri. – Sun. 12pm to 5pm | Holidays 12pm to 5pm 3699 Jockvale Road

613.608.8079 uniformdevelopments.com

KANATA

P RE S E N T E D B Y AWA R D - WIN NIN G U N IFORM U RB A N DEV EL OPMEN TS

This stunning collection of unique homes designed by Barry J. Hobin & Associates Architects is built on a dramatic rising site, with exposed Cambrian Shield granite and expansive views. Starting from $519,000

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3 STUNNING MODEL HOMES NOW OPEN Visit our new Sales Pavilion Mon. – Thurs. 12pm to 7pm | Fri. – Sun. 12pm to 5pm | Holidays 12pm to 5pm 100 Grand Manan Circle (corner of Hunstville Drive and Grand Manan Circle)

613.435.7751 uniformdevelopments.com

417

contents

FEBruary 8 - 22, 2014 || volume 14 issue 3

cover

p. 30 CardeL homes Blackstone community takes shape one family at a time

C06

34 vice-president, Wall2wall media

Jacqueline Hill

Director of sales, national

Josh Heppner

Sales Manager, Eastern Ontario

Paul Bimm

editor-in-chief / director of content

Susan Legge art director

Bianca DiPietro editor

Wayne Karl contributing editors

Sara Duck, Elisa Krovblit, Lydia McNutt

regular features Condo Insert | C01-C24

sales co-ordinator, eastern Ontario

Spotlight on Condos: Your guide to new condo communities

in the Gatineau and Greater Ottawa Area

12 C18

Make

Manager of production

28 In the News

Editor’s Note

Paying down debt Canadians’ top financial priority in 2014: CIBC

Your Move

Blizzards, black ice and moving by Chuck Resnick

C22 Home Smarts

Challenging the myth of the condo bubble by Marnie Bennett

F undamentally Speaking Changing retail landscape a sign of neighbourhoods on the upswing by Wayne Karl

Book Review The real risks and rewards of investing in real estate

RICHCRAFT

HOMES

Move-in ready: Galleria 2 Downtown available now

Production Co-ordinator

Dennis Ng

graphic designer

Mike Terentiev

Published By

newhomeandcondoguide.com

The Tax Man The Smith Manoeuvre: deducting mortgage interest

1 Raymond St., Ste. 300 Ottawa, Ontario K1R 1A2 Phone: 613.729.1221

by George Dube

Bala Gnanapandithan

by Susan Legge

Hot Sheets

Two pages of community previews and openings

community focus features C06

Nash Kamaludin

30 CARDEL HOMES

Blackstone community takes shape one family at a time

Published Saturdays, 2014 Publishing Schedule: Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1

Circulation: Free distribution in street boxes, stores, banks and financial institutions. Terms: Advertisers, editorial content and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial: Submissions from interested parties will be considered. Please submit to the address shown. The views and data expressed by columnists do not necessarily represent those of the publication. Copyright 2014: All rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Please recycle this magazine! Wall2Wall Media participates in the Partners In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

//editor’s note

Buying made easy Three simple steps to success

Susan Legge

Editor-in-chief Wall2Wall Media

hopping for a home online is a great way to narrow your search, but there’s nothing like visiting the sites, models and sales offices to get down to the nitty-gritty. Before you venture out, here are some pointers: First, be clear about what you want and expect in a new home and in your builder. Remember, the range of prices in the new-home market generally reflects differences in location, features and home styles. There’s no magic involved. If a builder’s pricing seems out of whack with others in the area, ask for an explanation. Higher prices could mean better quality materials, finishings, features and service. Make sure that the price you are paying will deliver the quality you want.

Second, understand exactly what is included with the home you are buying and what is optional. Ask the sales representative to show you samples, and request a “spec” sheet that clearly lists what is included, as well as any upgrade options. Third, evaluate any promises that have been made during your visit. Is the builder prepared to put them in writing? Hearsay comments should not be included as part of your evaluation process. Sit down with your sales representative, ask questions and discuss your Agreement of Purchase and Sale in detail – then take it to a lawyer before it’s finalized.

Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

Ask those taxing questions Whether from your mortgage broker or financial advisor, the right answers could save you hundreds if not thousands

Wayne Karl

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

hen you’re buying a home, particularly your first home, you will need the advice of several professionals: builder, lawyer, mortgage broker or banker, financial advisor and so on. But none of them has the personal stake in the deal that you do. Indeed, it is your transaction, your future and, ultimately, your money. This is why it’s essential to ask questions. Don’t understand something? Ask. Don’t get a satisfactory answer? Ask again. Take this scenario brought to our attention by Alyssa Richard, CEO of ratehub.ca. First-time buyers who are looking to buy together with a buyer who is not a first-timer, can still use the Home Buyers’ Plan to withdraw $25,000 from their RRSP, tax-free, for a down

12 New home & Condo guide eastern Ontario | february 8 - 22, 2014

payment. But they cannot claim the FirstTime Home Buyers’ Tax Credit of $750. “Another surprise had to do with land transfer tax rebates. In Toronto, qualifying first-time homebuyers can claim a total rebate of up to $5,725 for both the Ontario and Toronto land transfer tax. If you’re buying with someone who is not a first-time homebuyer, many first-time buyers assume they can’t claim those rebates. But you can – 50 per cent is yours to claim.” Instead of being able to claim the full rebate of $5,725, you could claim $2,862.50, which of course is better than nothing.” Whatever your own circumstances, take the time to ask those challenging, if difficult, taxing questions. The answers could save you hundreds if not thousands.

QUICK MOVE-INS now available across the city. Enjoy up to $20,000 in Decor Dollars.

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

Live where nature is king and imaginations soar. Tour our SIX TOWNHOME and THREE Designer Decorated Model Homes today! NAVAN Located in Navan’s magniﬁcient Mer Bleue conservation area, this unique community of single detached homes, bungalows and townhomes is perfect for the outdoor enthusiast. Contact our Sales Centre today and discover which one is the perfect place for you. Quick move-ins available.

$276,900 Singles & Bungalows from $366,900 Towns from

422 DOVEHAVEN ST. 613 841 0560

The Helsinki. B Elevation

BARRHAVEN

FINDLAY CREEK

RIVERSIDE SOUTH

Towns from $281,900

Towns from $309,900

Singles & Bungalows from $361,900

Singles & Bungalows from $371,900

Towns from $280,900 Singles & Bungalows from $366,900

118 MARAVISTA DR. 613 823 6767

401 FERNSIDE ST. 613 425 1332

585 SUMMERHILL ST. 613 822 6444

KANATA

HUNT CLUB

ORLEANS

Zens Urban Flats from $200,900 Towns from $279,900

Condo Flats from $290,900

Zens Urban Flats from $205,900

200 ARRITA ST. 613 591 0448

210 KIWANIS CRT. 613 249 0704

376 ANTIGONISH AVE. 613 834 3488

M O N TA G E

Just 5 minutes walk from Billings off Bank at Ohio.

IMMEDIATE OCCUPANCY

ON LAST SIX SUITES Two and Three Bedrooms from $355,900

move in

NOW! If you lived here, you’d be home by now. If you lived here, you’d be home by now.

www.montagecondos.ca 613.897.0044 SalesMontage@longwoodbuilders.com

Terrace Homes from the low $200’s

MODELS NOW OPEN a HOME to call OUR OWN

dorima

S NE

INE

Mon. to Wed. 12 pm to 6 pm

613•424•2901

HOURS Sat. / Sun. 12 pm to 5 pm

www.dorima.ca

Artist Concept TE

2 Storey 2 Bedroom Living / Dining 1½ Bath Large Kitchen

SITE AND SALES CENTRE

YES, you CAN afford a Single Family Home! From $271,900. Best value for growing families.

IN ROCKLAND

613.446.1506

SalesMorris@longwoodbuilders.com longwoodbuilders.com/morrisvillage Sat. / Sun. 12 pm to 5 pm Mon. to Wed. 12 pm to 6 pm

arcadia

Growing quickly in Kanata, this 200-acre master planned community features spacious executive townhomes and beautiful single homes on a variety of lot sizes. Arcadia brings nature home for those who thrive on the joy of being outdoors. Landscaped trails weave through the community’s ponds and parkland, and along the picturesque Carp River corridor north of Hwy 417. Arcadia — the perfect place for your active lifestyle.

Townhomes from $299,400 Singles from $384,900

Design centre bonus of up to $15,000*

mintoarcadia.com arCadia sales Centre 360 Huntmar Drive, Kanata Monday–Thursday 12–8 pm Weekends & Holidays 12–5:30 pm Closed Fridays 613.788.2770 Subject to change without notice. E & OE

we won't charge you extra for your custom design Choose one of our many models Bring us your design Custom modifications to any models or designs Creation of a new custom design just for you ... all this as part of our service at no extra chaRge. Meet directly with owner Pierre, owner Michel or VP Stephan

Located off Carp Rd between Stittsville and Carp D

SOL

D OLD S

SOL

D SOL

SOL

• 22 lots in a Private Cul-de-sac • 2 to 4 acres country Estate Lots (well & septic) • Underground services with Natural Gas and High Speed Internet • Open and partially or fully treed lots • Walking trails with access to lake and creek • 5 minutes from Kanata Centrum

6 LOCATIONS • CUMBERLAND: Camelot Estates: 2 acres Estate Lots. From the high $600's. sold out • NAVAN: Mustang St.: ½ acre fully treed private Estate Lot. From the high $600's. • OTTAWA: Westboro: 2 luxury semi-detached homes. From the high $600's. • STITTSVILLE: Deer Run: 41’ to 54’ wide lots in a private crescent. From the mid $400's. • CARP: Westlake South Estates: 2 to 4 acres private Cul-de-sac Estate Lots. From the mid $500's. • ON YOUR OWN LOT

(613) 296-7000

MetricHomes.com

2 QUICK OCCUPANCY HOMEs FOR SALE IN STITTSVILLE FROM $529,900

20 New home & Condo guide eastern Ontario | february 8 - 22, 2014

Quarry Glen New homes from $189,900

buy your new home for 5% Down.* move in now. Quarry Glen is an exclusive oasis nestled in a mature Orléans neighbourhood. Safe, secure and convenient, Quarry Glen offers parking and beautiful landscaped grounds, with transit, shopping and entertainment just a few steps away. Affordable new homes available now.

mintoquarryglen.com Quarry Glen sales Centre 277A Titanium Private Monday–Wednesday 12–8 pm Weekends & Holidays 12–5:30 pm Closed Thursdays & Fridays 613.696.3328 Subject to change without notice. E & OE

spotlight on condos Eastern Edition

February 8 - 22, 2014

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

spotlight on condos

IMMEDIATE OCCUPANCY

there’s a lot to love in notting Hill South. Come home to comfort and convenience in a friendly, relaxed community, just 15 minutes from ottawa. - 9' ceilings - Hardwood and ceramic tile (opt.) - Elevator - 6 appliances

2 BEdroom CondoS Starting from tHE LoW

250s

SINGLE FAMILY

- Private balcony - radiant heated floors - Zero-maintenance lowrise building

great reasons. great neighbours. inCL HSt

Sales Centre: 151 Potts Private, Unit 103 Hours: mon – thu: 12 pm – 7 pm | fri - Sun + Holidays: 12 pm – 5 pm

Prices subject to change without notice. E. & O. E.

CONDOS + TOWNS

- Secure, heated underground parking (opt.) - 5' x 8' storage room (opt.)

CUSTOM HOMES

Built for real life. CARDELHOMES.COM

spotlight on condos

play here here.

32 APARTMENTS AVAILABLE! JUST RELEASED! | ONLY 36

work here. relax here.

THE STATION

the jewel of Barrhaven.

spotlight on condos

bullet • canadian • commander • commodor • crusader • empire • euro star • golden arrow • grand central • north star • orient express • traveller

live here.

VISIT WWW.CAMPANALE.COM TODAY! | EMAIL: LONGFIELDS@CAMPANALE.COM

visit us at our NEW sales centre

Purchase one of our ready-to-move-in condos. Only 5% down payment.

start at $282,000.

SALES CENTRE: 238 BESSERER ST. 613.232.7333 Located between Cumberland St. & King Edward Ave.

BONUS Granite counters throughout

6 Appliances

Storage locker

spotlight on condos

Discover downtown living at its best with a tour of the bright and airy, beautifully decorated models at Galleria 2. This is your opportunity to live and play close to Parliament Hill, University of Ottawa, ByWard Market, and all that Canadaâ&#x20AC;&#x2122;s capital has to offer.

Move-in ready

Richcraft’s

Galleria 2 Downtown

spotlight on condos

available now

ichcraft Homes’ Galleria 2 on Besserer Street at King Edward, a prime downtown location in Ottawa, not only provides you with an urbane condominium lifestyle available for an astonishingly affordable price – but you can move in right now! This elegant condominium set between the Byward Market area and the University of Ottawa offers all the amenities, and the superb location provides a perfect blend of urban sizzle and established neighbourhood. Walk to work, to the Rideau Centre, the National Arts Centre, Parliament, the National Gallery and all of our nation’s capital’s fantastic inner city amenities. Buy one-of-a-kind gifts, get fresh farm produce, eat fantastic foods and enjoy the entertainment of the Byward Market. Although underground parking is available, you won’t need a car to live here. This downtown condo is built, open and ready to move into. Extras include a swimming pool, gym, his and hers saunas, gorgeous lounge with complete kitchen and access to a beautiful outdoor terrace.

Location Downtown Ottawa Housing Type Condominiums, from 590 to 2,021 sq. ft. from $282,000 Sales Centre 238 Besserer St. Open Monday to Thursday 11 a.m. to 7 p.m., Saturday and Sunday 10:30 a.m. to 4:30 p.m. Contact richcraft.com 613.232.7333

richcraft homes | Galleria 2

The condo units have huge windows to maximize natural light and the views of the city and the Gatineau Hills. Inside Galleria 2 features engineered hardwood flooring, granite countertops throughout and six Energy Star rated appliances, including four of them stainless steel. Prices start at only $282,000, and units range from 590 to 2,021 sq. ft., with either one or two bedrooms. It’s no wonder that of the 196 units, more than 85 per cent are already sold, and many are occupied. There are five model suites available to view. Neighbours are a mix of first-time buyers, singles and couples, empty-nesters and young professionals. Condos here are also great investments and appreciating in value rapidly, so the time to get in is now.

Architect Rod Lahey designed the classic but contemporary 14-storey building. Situated at the corner of King Edward Avenue and Besserer Street, the area offers the Ottawa Little Theatre, skating on the canal, enjoying Canada Day on Parliament Hill, walking distance to all kinds of stores, including all the Rideau Centre and Byward Market have to offer, and Casino Lac Leamy and Gatineau Park just across the Ottawa River. The natural peace of the Rideau River is nearby, too, as well as parks and shady streets for quiet strolls beside the embassies of Sandy Hill. Enjoy the best shopping in the city, the most eclectic nightlife, and all the culture and recreation of the nation’s capital, then return to your lovely open-concept, sun-drenched and beautifully finished downtown condo. The sales centre is located at 238 Besserer St. at King Edward Ave., open Monday to Thursday 11 a.m. to 7 p.m. and Saturday and Sunday 10:30 a.m. to 4:30 p.m. For more information visit richcraft.com, or call 613.232.7333. Take advantage of the limited-time promotion. If you act now, you can buy with five per cent down, and you’ll pay no condo fees for the entire first year for a one-bedroom plus study, or pay no condo fees for two whole years for two-bedroom units.

This elegant condominium set between the Byward Market area and the University of Ottawa offers all the amenities, and the superb location provides a perfect blend of urban sizzle and established neighbourhood.

february 8 - 22, 2014 | New home & Condo guide eastern Ontario C7

spotlight on condos

LAST CHANCE AT PRE-CONSTRUCTION PRICING

MEET OTTAWA’S HOTTEST PROJECT

NOW 55% SOLD!

One Bedroom, Two Bedroom and Penthouses from $190,900

twitter.com/bradjlamb

Gladstone Ave

Catherine St

Queensway/Hwy417

Elgin St

Metcalfe St

SoBaOttawa.com For more info, call 613.257.8887

Somerset St W Bank St

Sat + Sun 12-5 | Mon - Wed 12-6 | Thu 3-8 | Fri Closed

Slater St Laurier Ave W

O’Connor St

EXCLUSIVE BROKER

Kent St

DEVELOPER

spotlight on condos

SALES CENTRE WITH FULLY FURNISHED MODEL SUITE : 203 CATHERINE ST

C10

spotlight on condos

C11

C12

spotlight on condos

NEW YEAR

2014

NEW DESIGN PRESENTATION CENTRE NOW OPEN. Come visit us and see the incredible new floor plans at Claridge Icon. Uncompromising design. Extraordinary architecture. And brilliant views of the city skyline and Dow’s Lake.

Mon-Thurs 12-7_Fri Closed_Sat, Sun & Holidays 12-5

Carling Dows Lake

*Some conditions apply. See sales rep for details. Sizes and specifications subject to change without notice. E. & O. E. Illustration is artist’s impression.

spotlight on condos

claridgeicon.com _ T 613.695.1441 Sales Centre_505 Preston St. [at Carling]

Preston

ONLY 5% DOWN AT SIGNING.* STARTING AT $263,000.

C13

over

50% sold

An urban village nestled in the heart of Chapel Hill Beautifully designed, quality built 2+3 bedroom towns + 1 bedroom flats Construction starting this spring Occupancy starting January 2015

BergeronTerrace.ca

spotlight on condos

Drop by our sales centre 5911 Meadowglen at Orleans Blvd 613â&#x20AC;˘223â&#x20AC;˘5803

C14

Define your style. Create your nuovo. Is uptown loft your style? We can do that.

Visit the Nuovo sales centre in Little Italy to explore the possibilities.

spotlight on condos

Sales centre: 445 Preston 路 613.728.7873 路 Building location: Rochester at Pamilla 路 nuovocondo.ca

C15

grand opening on Febuary 22 nd and 23 rd

spotlight on condos

Come and visit The Amenities on the 20th floor

C16

leviu.ca 185 Laurier St. 819-665-3659

Is classic your style? We can do that.

Visit our sales centre in Little Italy. See how our designers can help you create your personal and unique space.

Sales centre: 445 Preston 路 613.728.7873 路 Building location: Rochester at Pamilla 路 nuovocondo.ca

spotlight on condos

Define your style. Create your nuovo.

C17

//make your move

Blizzards, black ice

and moving » by Chuck Resnick

Moving when ice and snow are in the daily forecast isn’t a popular choice for many Canadians. It’s cold and

Chuck Resnick

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

slippery; but with some extra safety precautions, winter moving also has many advantages. Moving last minute? No problem, if it’s during the cold months. Choosing to move in the “off season” – sometime between November and March – can save you time and money. Summer is the busiest season for moving companies. This means you must be well prepared, booking six to eight weeks in advance to ensure your preferred moving company is available. Not only are they higher in demand but generally their rates are also more expensive. Some companies may be more willing to negotiate their rates during the winter months as they’re competing for business during the slow season. Likewise, less rush and stress for companies in the winter means you get their best employees resulting in a higher quality of service. With everything booked, now comes the packing. Follow these tips for a relaxed and toasty move – no matter what’s going on outside those frosted windows. ›› Have a contingency plan. Keep up to date with local weather forecasts and change your plans accordingly. If a big snowfall or freezing rain is expected the morning of your move day, don’t risk it.

Keep cosy. Carry extra warm clothes for you and your family – including hats, gloves and snow pants. Pack these ahead of time and clearly label them so you can locate them immediately. ›› Keep cosy. Carry extra warm clothes for you and your family – including hats, gloves and snow pants. Pack these ahead of time and clearly label them so you can locate them immediately. ›› Remember your items will be in a non-heated environment for a while. Ensure your plants, electronics and liquids are properly packed and protected from the cold. ›› A llow extra time on the move day – cold weather slows things down. Additionally, rushing in the winter can lead to accidents and injuries.

C18 New home & Condo guide eastern Ontario | february 8 - 22, 2014

›› Have driveways and sidewalks cleared of snow before the movers arrive. Your driveway needs to be ploughed wider than usual – enough to allow the moving truck’s loading ramp to be positioned as close to your front door as possible. Lay plywood down on muddy or slushy areas. Slipping can not only lead to dropped boxes and broken possessions but also personal injury. ›› Quality movers will use floor runners to protect your floors in high traffic area but for extra protection inside, cover your floors to protect them from tracked-in snow, mud and salt. ›› Drive safe. Make sure maintenance and service on your vehicles is current. Check the air pressure on your tires and ensure the trunk is equipped with emergency kits (matches, flashlight, food), blankets and shovels. Drive slowly with extra caution. ›› Be certain that your heating company for your new home is aware of your move in day. Wintertime moving doesn’t have to be wet and miserable. With these reminders, you’ll be packed up, moved and basking in the warmth of your new home before you know it.

Whatever your personal style, at Domicile’s Nuovo you can create your perfect urban condo.

Visit our sales centre and see what life in vibrant Little Italy can be.

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spotlight on condos

Define your style. Create your nuovo.

C19

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C20 New home & Condo guide eastern Ontario | february 8 - 22, 2014

spotlight on condos

C21

//home smarts

Baby, you’re the top:

Condo living at its most carefree » by marnie bennett Over the course of 30 eventful years in real estate, I’ve toured just about every possible type of condominium. I’m familiar with every layout, finish and

Marnie Bennett

is a broker and the marketing director 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 the weekly radio show the Real Estate Hour, a millionaire real estate investor and a wealth management coach. bennettpros.com

amenity out there. Very little surprises me – but I can tell you that I’m blown away by the level of luxury available today in Ottawa’s condo market. That’s not to say that there aren’t some great, simple condos out there, with minimal condo fees and basic building maintenance. These definitely respond to the needs of many buyers. But if you’re looking to be pampered, there’s never been a better time to go condo shopping in this city. It’s not simply that the quality of available finishes has gone through the roof – although that’s certainly true. In today’s luxury condos, marble, granite and hardwood are de rigeur, and architectural features such as nine-ft. ceilings and wall to wall windows are not uncommon. I’ve even encountered bathroom mirrors embedded with LCD televisions: flossing your teeth need never be boring again! But it’s the amenities that have really evolved. When I started out, purchasers of luxury condos could expect to enjoy the use of a nice swimming pool, weight room and party room. Nothing to sneeze at – yet these features pale in comparison with rooftop pools surrounded by cabanas; fully staffed fitness facilities and spas; and the use of executive boardrooms, screening rooms and rooftop lounges with hot tubs and outdoor kitchens. And these are just some of the bells and whistles I’ve encountered in the last couple of years. Some new condominiums are built in conjunction with boutique hotels, giving residents unlimited access to a full menu of services including 24-hour concierge, room service, dog walking and housekeeping. Need your suit pressed? Tickets to the game? No problem. There’s also the perk of dining at a first-class restaurant without stepping outside. Condo living allows a certain carefree way of life; residents needn’t give a second thought to upkeep, and are free to “lock and leave” at a moment’s notice. Interestingly, today it’s not only residents who can purchase a worry-free lifestyle: some new condos are available to investors fully furnished, and tenants found with the assistance of an on-site property manager. Now, that’s what I call service. I’ve always been proud to live in this world-class city. I just can’t tell you how excited I am that it’s now got the world-class luxury condominiums it deserves.

Condo living allows a certain carefree way of life; residents needn’t give a second thought to upkeep, and are free to “lock and leave” at a moment’s notice.

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

C22 New home & Condo guide eastern Ontario | february 8 - 22, 2014

spotlight on condos

C23

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C24

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//fundamentally speaking

Watch the changing retail landscape

to see if your neighbourhood may be on the upswing » by wayne karl

Wayne Karl

is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at

wayne.karl@wall2wallmedia.com

or follow him on Twitter at Twitter.com/WayneKarl

It was almost one year ago – March 2013 to be exact – that Target Corp. began opening the first of its approximately 125 store openings in Canada. The U.S. retail giant announced in 2011 it was moving north with a $1.8-billion acquisition of up to 200 Zellers store leases, with most of the initial openings coming from renovating existing Zellers locations. While the expansion may not have gone quite as planned, with Canadian consumers not exactly enthralled with Target’s product offerings and pricing strategy, there’s no question the move will continue to have a significant impact on the Canadian retail landscape – particularly as the company builds greenfield outlets in new locations. Now comes news that Wal-Mart plans to spend $500 million completing 35 supercentre projects over the next year. The U.S. retailer says it will spend more than $376 million to build, expand, relocate or remodel stores, as well as invest additional funds on operational improvements. For homeowners and prospective homebuyers, this is all good news – and a very good reason to pay attention. Such major retail developments are a significant influence on land development and housing. When the likes of Target, Walmart, RONA and other major players set up shop, particularly in a new location, it’s a good sign an area could be on the upswing. Like proximity to mass transit, schools and other amenities, being close to shopping is a major attraction for builders and, of course, prospective homebuyers. These features are among the key determining factors to enjoying your home while you live there, as well as for potential resale value in the future. Large retailers and commercial ventures don’t just pop up in the middle of nowhere or in declining neighbourhoods. These companies make careful, long-range and well plannedout decisions in lockstep with municipalities and developers, based on hard data, research and demographic information. This is why major retail expansion is good news: it’s an indicator the economy continues to strengthen; and, for those looking to buy a home, it’s a sign to look out for new or

24 New home & Condo guide eastern Ontario | february 8 - 22, 2014

Large retailers and commercial ventures don’t just pop up in the middle of nowhere or in declining neighbourhoods.

expanding neighbourhoods and solid buying opportunities. Such retail developments, combined with the associated employment gains and economic and infrastructure improvements, point to new and expanding homebuying options. So, while you’re out there looking for your new home, look around for the big box stores. If they see a bright future for your prospective neighborhood, chances are it will make a sound buying decision for you.

Liv e in t h e h e a r t of We st boro ARTIST’S CONCEPT

Westboro’s most exciting new enclave of only 19 two- and three-bedroom contemporary townhomes, ranging from 1,360 to 1,948 sq. ft., beautifully designed by Barry J. Hobin & Associates Architects. These freehold townhomes include a low monthly cost for yard maintenance and snow removal. Enjoy the comfort and lock-and-leave convenience of heated underground parking with direct access to your home. Ample storage space is included in each home. All this and an enviable urban lifestyle in the heart of Westboro—live within a two-block walk of your favourite cafés, shops and restaurants, and just minutes from the Sir John A. Macdonald Parkway, Queensway and Gatineau Park. PRESENTATION RD CENTRE D ON HM C I R VE NA

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Choice locations still available. Prices from $599,900. (includes 1 heated underground parking) PRESENTATION CENTRE HOURS Monday to Friday Noon to 6 p.m. Weekends and holidays Noon to 5 p.m. february 8 - 22, 2014 | New home & Condo guide eastern Ontario 25

mahoganybyminto.com t h i r t y- F i V E FO Ot CO l l E C t i O n Homes from 2017 sq. ft. Starting from $489,900

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Sales & Design Centreâ&#x20AC;&#x192; 108 Moretto Court Manotick | 613.788.2776â&#x20AC;&#x192; Mon. 12 pm - 7 pm | Tues. - Thurs. 11 am - 7 pm Weekends & Holidays 11 am - 5 pm | Closed Fri.

//In the news

Paying down debt the top financial priority for Canadians in 2014: CIBC

A new poll from CIBC by Harris/ Decima finds that paying down debt remains the top priority for Canadians in 2014, the fourth year in a row that debt concerns have topped the list in the annual survey. Poll results also show that immediate financial concerns including managing day-to-day spending and paying the bills have become more important to Canadians in recent years at the expense of longer term goals like retirement planning. Over the last four years of this CIBC poll, Canadians identified the following as their top financial priorities:

2014 2013 2012 2011 Paying Down Debt

16%

17% 17% 14%

Building Savings

11%

10% 10% 10%

Managing Day-to-Day Spending / Budgeting

14% 12%

Paying Bills / Getting By

Retirement Planning

11% 13%

”For the fourth year in a row, Canadians have told us their top financial priority is paying down their debt as we enter a new year,” says Christina Kramer, executive vice-president, retail distribution and channel strategy, CIBC. “While the intent to reduce debt is clear, we also know that some Canadians are not yet making the progress they want to on reducing their overall debt levels, which speaks to the importance of having a clear action plan in place to reach your goals in 2014.” Poll findings also revealed that less than half (47 per cent) of Canadians surveyed said they had met with an advisor in the last year. As well, out of those surveyed only six per cent named debt management as a topic of a conversation they would have with an advisor. Kramer noted that while

the intention to pay down debt remains strong, it can be challenging if you don’t have a plan in place. “Despite being top of mind for 2014, many Canadians don’t think about sitting down with an advisor and having a conversation about how to reduce their debt,” says Kramer. “Trying to do-it-yourself can work for some people, but most Canadians would benefit from taking a broader view of their finances with an advisor including looking at their debt, and then working out a realistic plan to start repaying that debt over time.” This year’s poll results also show a continued trend towards short term financial goals and issues becoming more important to Canadians, while longer term goals including retirement planning have dropped in the rankings. For example, while retirement planning was named by 13 per cent of Canadians as their top financial priority entering 2011, it is now seven per cent entering 2014.  Conversely, “paying the bills” has grown steadily since 2011, and was named by eight per cent of Canadians in this year’s survey as their priority for the year ahead. “Managing cash flow and expenses are immediate issues, but you also can’t put off your retirement planning indefinitely,” says Kramer. “The good news is that if you start early you can take small steps towards building your retirement savings while also focusing on your current financial needs.” Advice on delivering on financial priorities

»T alk to an advisor: Most Canadians don’t think about making debt reduction the topic of a conversation with an advisor, but it can help you make progress on paying down debt by looking at your overall financial picture and putting realistic steps in place to reduce interest costs and accelerate debt repayment.  » Recognize that your finances are all connected: Making progress on one aspect of your financial goals can lead to an opportunity to improve in others, meaning you don’t have to focus on just one priority at a time. For example, a reduction in debt can free up funds to go towards retirement savings, or to further accelerate debt reduction. Renewing your mortgage at a lower interest rate can generate an improvement in cash flow that can be used to start making RRSP contributions earlier in life which can grow over time.  » Don’t lose sight of the longer term: While it is important to address immediate financial needs such as debt reduction, it is equally important to keep future goals such as retirement in sight. Even small contributions today can make it easier in future years to reach your retirement savings goals.  » Stick to your plan: Once you have a plan in place, stick to it. If you fall off track, get back to your plan as soon as possible and keep making progress towards your goal.

28 New home & Condo guide eastern Ontario | february 8 - 22, 2014

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//cover story

growing strong Cardel’s Blackstone community takes shape one family at a time

ld-world charm meets modern luxury in south Kanata’s newest master-planned community. Blackstone’s distinctive features have created a perfect backdrop for Cardel’s impressive collection of new homes, townhomes and condos for every life stage. Phase 1 sales have been strong – more than 70 to date – and 39 families were in their new homes this past holiday season. Construction on Phase 2 is now underway, with Cardel’s release of its new townhome and lowrise condominium product. Blackstone continues to draw attention from buyers across the city as Cardel builds on its collection of award-winning singles. Now introducing its newest townhome design, the Stone Series and releasing its new lowrise Condominium KoL to the community lineup.

Location Kanata South Housing Type Condos, single-family homes and townhomes Sales Centre 100 Westphalian Ave., Ottawa (off of Terry Fox) Contact Harley Wallin at harley.wallin@cardelhomes.com 613.836.9521

Award-winning North Hampton Model, single-family home

30 New home & Condo guide eastern Ontario | february 8 - 22, 2014

cardel homes | Blackstone KoL Exterior Rendering, Condos

Blackstone continues to draw attention from buyers across the city as Cardel builds on its collection of award-winning singles. Award-winning Berkshire II Model, single-family home

Cardel’s attractive collection of Blackstone townhomes showcases open concept designs plus a full range of unique features and upgrade options. Buyers can choose from seven models, including the three-bedroom Wood Series or the new three- and four-bedroom Stone Series. Both townhome series include main floor hardwood and ceramic tile, four appliances, an air conditioner, a humidifier, a garage, a spacious living area with large windows, a finished rec room in the basement and customized designer finishes for every taste. With more than 120 townhome units and an additional 82 single-family homes, Cardel is excited about Blackstone’s continued growth. Cardel is also launching the first of its lowrise condo buildings in the community – KoL, which offers a great blend of lifestyle and low-maintenance convenience. This sleek collection of Cardel condos features top-quality finishes in a contemporary

building, ideal for downsizers, new homeowners and anyone else who appreciates the easy life. KoL’s four-storey, 56-unit building offers one and two bedroom layouts ranging from 732 to 1,136 sq. ft. Hardwood floors, secure underground parking, elevator, sprinklers, radiant in-floor heating, upgraded kitchens with stainless steel appliances and granite countertops are just a few highlights at KoL. With innovative designs and layouts that maximize space efficiency, Cardel is expecting these condos to be a popular choice among new market entrants and empty-nesters alike. In addition to Cardel’s full range of single- and multi-family homes, Blackstone itself has a lot to offer, from nearby cafés, libraries and health services to shops, pubs, dining and more. Transit and quick access to major routes make commuting a breeze, and a network of parks and pathways makes it easy to get where you’re going, whether you’re on foot, bike, inline skates or any other mode of getting around. Whether you’re a young family starting out, empty-nesters downsizing or anywhere in between, you’ll appreciate life at Blackstone. Kanata’s newest master-planned community is ready to welcome you home. KoL’s official launch is Feb 1. To get first pick of your ideal unit, stop by our model homes in Blackstone between noon and 5 p.m. at 100 Westphalian Ave., Kanata. Visit cardelhomes.com for floorplans, community details, model home locations and more. For additional information, contact Harley Wallin at 613.836.9521 or harley.wallin@cardelhomes.com

february 8 - 22, 2014 | New home & Condo guide eastern Ontario 31

//book review

New book offers the low-down on the real risks and

rewards of investing in real estate » by Susan legge

You’ve seen how easy renovating and flipping real estate properties is on TV, and you think you’d make the perfect landlord while making piles of money, right? Now give your head a shake and check out Julie Broad’s new book or switch the channel.

Broad’s book, More Than Cashflow: The Real Risks & Rewards of Profitable Real Estate Investing, puts some much-needed advice into the hands of wannabe real estate investors considering making a career out of building a profitable portfolio of properties. A Canadian investor herself, Broad took a step-by-step approach with her new book – which went to number one on Amazon.ca – by providing some basic strategies and fundamentals about the investment real estate market, and she did it without pulling any punches. “We help you get into real estate investing without the hype that comes with far too many newsletters, blogs and programs in the market today. But you will have to work for it,” says Broad. The book covers plenty of ground, including ways to increase cash-flow using rent-to-own strategies, tips on finding and keeping tenants, the low-down on property managers and ideas about where to invest. There’s even a chapter on female intuition – love that! Much of the advice comes from the real-life adventures of Broad’s own investments with (and without) her husband, Dave. Interestingly, the couple’s most successful investments were mutually agreed upon at the outset. In terms of the time commitment an income property demands, Broad says it depends on how many properties you have and whether you hire someone to oversee tasks such as finding tenants and property maintenance. “It may take an hour or two a month, or it could be a full-time job,” she says. And costs can add up. Placement management fees, for example, can take a chunk of cash out of your pocket, but the time you save on getting the right tenant may be well worth the investment, particularly if you’re looking at a property that’s difficult to rent or if you can’t spare the time yourself to show the property to potential tenants. Condo or freehold? When asked about the difference between buying a home or a condo as an investment, Broad says she prefers a condo-fee free options. “You can control the costs of a freehold investment,” but even a freehold home has its caveats. “If it’s not a solid, well-cared for property, for example, recovering the costs of a new roof can take several years.”

32 New home & Condo guide eastern Ontario | february 8 - 22, 2014

Overall, investors should look at a property before purchasing it based on three strategies: > Will the property appreciate over time? > Will you be paying down the mortgage quickly using the rental income? > Will you be creating cash flow? Rent-to-own The rent-to-own strategy of purchasing a home is still an option, as people see that the Canadian real estate market is strong and the likelihood that home prices will increase is high. The rent-to-own scenario is a good one if you’re thinking about buying a property with the idea of selling to the tenant using the rental income, but you need to be sure to have a proper legal agreement in place, says Broad. “If the tenant suddenly decides the property isn’t worth buying, what recourse do you have if they walk away?”

“ We help you get into real estate investing without the hype that comes with far too many newsletters, blogs and programs in the market today. But you will have to work for it,” says Broad

Get educated When it comes to getting more info and a better understanding of your local investment market, Broad suggests websites such as meetup.com, which often have specific networking opportunities for investors. Hearing about others’ experiences is the best way to learn, and getting suggestions from those who have been there and grown from the experience is a great way to avoid pitfalls. Since it takes more than the length of an average TV show to become an investment expert, people like Broad who offer their own real-world accounts of both successful and unsuccessful strategies are essential to any future flipping star. Broad’s book is available on her website, revnyou.com or online at indigo.ca and amazon.ca

february 8 - 22, 2014 | New home & Condo guide eastern Ontario 33

//THE TAX MAN

The Smith Manoeuvre:

deducting mortgage interest » by George E. Dube

One of the largest expenses we have tends to be the mortgage on our home. Following traditional rules, we are limited to deducting, at best, a small percentage of the interest where we use a home office for business purposes. However, using non-traditional planning, we are able to deduct potentially 100 per cent of the interest costs. Your tax savings will vary based on where you live in Canada, your income

A variety of versions of the plan exist, and vary in aggressiveness and implementation to suit your needs and comfort.

34 New home & Condo guide eastern Ontario | february 8 - 22, 2014

level and the amount of interest you pay. As a quick example, though, with a mortgage of $200,000 at 4.5 per cent, your tax savings could be approximately $3,000 per year. While this may not by itself create financial freedom, imagine receiving these savings year after year – with minimal effort required. Imagine the impact of a higher interest rate or larger mortgage. A popular nickname for describing some of the possible techniques is the “Smith Manouevre,” coined by Frasor Smith. A variety of versions of the plan exist, and vary in aggressiveness and implementation to suit your needs and comfort. With a Supreme Court decision related in part to questions surrounding the appropriateness of interest deduction plans, tax advisors have largely been given the green light to help clients restructure their affairs in an optimal fashion. In its simplest form, these interest deductibility techniques allow homeowners the ability to convert the non-deductible portion of the interest on their mortgage to fully deductible over a period of time. The period is typically several years, however, your financial situation and aggressiveness may dramatically decrease this time. A variety of mortgage products provide the ability to divide your mortgage into at least two segments, which allows you to track the interest expense on these segments separately. Your

total mortgage will typically be set at 75 to 80 per cent of the value of your home. If you are permitted a total mortgage of $200,000 on your home, you may start with the “bad” portion (non-deductible) of the mortgage at this $200,000 and the “good” portion (deductible) of the mortgage at zero. As you make payments on the mortgage, your principal on the bad mortgage will decrease, leaving you additional room to borrow on the good debt. In other words, your total mortgage may still be $200,000, however, it is divided between good and bad debt. So, what do you do with this good debt? You invest. Traditionally, this was

Talk to your tax, mortgage and investment advisors to determine whether such a plan can work for you and that you are comfortable with the full implications. Also, work closely with your mortgage advisor as you pay close attention to the features of the mortgage product that you use to ensure you have the required flexibility to accomplish your goals.

thought of as an excellent vehicle to acquire mutual funds and similar investments. However, this may be a great opportunity for you to go beyond that and invest in your business. You may be able to shorten the conversion time of your bad debt where, for example, you have non-registered financial assets that can be sold and the proceeds used to pay down some bad debt. Tax refunds, inheritances, unexpected sources of funds, extra mortgage payments are further ways of speeding up the conversion. While restructuring must be done properly, your efforts will be rewarded. Talk to your tax, mortgage and investment advisors to determine whether such a plan can work for you and that you are comfortable with the full implications. Also, work closely with your mortgage advisor as you pay close attention to the features of the mortgage product that you use to ensure you have the required flexibility to accomplish your goals. There are significant differences between the products beyond the interest rates which command your attention. This article is brief in nature and omits many important details that may dramatically change how financial plans may affect your particular situation. This should not be considered tax, investment, business or similar advice. Before implementing any plans, always discuss in full with your tax advisor and other relevant advisors.

George E. Dube,

CA, CPA, LPA, is a veteran real estate investor and Chartered Accountant whose practice with his partner, Peter Cuttini, Dube & Cuttini Chartered Accountants LLP, focuses on providing the knowledge and tools clients from across the country and around the world. George is a frequent guest speaker, addressing a variety of tax and accounting topics, he has written and contributed to articles in national and regional publications and co-authored two books: 81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert Money-Saving Advice on Accounting and Tax Planning and Legal, Tax & Accounting Strategies for the Canadian Real Estate Investor. He also developed the accountant in-a-box program for real estate investors. George is a member of the Real Estate Investment Network (REIN) Faculty. georgedube@dubecuttini.com dubecuttini.com Twitter @dubecuttini.com 1.877.475.3823

february 8 - 22, 2014 | New home & Condo guide eastern Ontario 35

homebuyers’help

Calculate your mortgage payments interest rate

amortization period

chart figure

example: 5%

25 years

5.82

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

125

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

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

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

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

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

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

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

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

36 New home & Condo guide eastern Ontario | february 8 - 22, 2014

monthly payment

Mortgage payment calculation chart %

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 february 8 - 22, 2014 | New home & Condo guide eastern Ontario 37

ottawa

HOt SHEET ashcroft Homes

Central Park • the next Live where downtown spirit meets community character, your prime location is your pathway to the best of Ottawa, and bountiful greenspace blends naturally. The Next brings it all together – smart condo living at the heart of Central Park. Starting at mid $200’s. Register now for VIP pricing at benext.ca

Westboro • QWesT A stroll under the arches and along Sisters’ Walk will be enough to convince you of how greenspaces and good design make life beautiful at Q West. The Q West team’s inspired vision both preserves and enhances this landmark property. Just released, second floor terrace suites! Visit our model suite located at the corner of Richmond Rd. and Leighton Terrace in Westboro or call 613.221.5926. liveqwest.com

CAMPANALE HOMES

THE STATION • BARRHAVEN Complete with elevator and underground parking, and 12 unique designs to choose from, you can live in the ‘Jewel of Barrhaven’. Campanale Homes presents the centerpiece of their Longfield’s Station project, a four-story luxury condominium with one and two-bedroom apartments. Experience our customer service and quality craftsmanship by visiting our presentation centre, located in our model homes at 420 Via Verona Ave. Phone 613.440.3570 or visit our web site for floor plans and more info at campanale.com

ORLEANS • BERGERON TERRACE Introducing Bergeron Terrace, set in Chapel Hill. Beautifully designed, quality built and affordably priced one-, two and three-bedroom terrace homes and urban flats. Conveniently located at the corner of Meadowglen and Orleans Blvd., Bergeron Terrace offers you all the best that Domicile has to offer. Pre-register now at bergeronterrace.ca Ottawa • HŌm Introducing HŌm, nestled beside Ottawa’s Little Italy and Dow’s Lake. Everything’s within reach – including the price. 613.728.7873. hombydomicile.ca

wellington west • ONE3ONE one3one is at the centre of the urban, tasteful and cultural Wellington West. All units with access to a rooftop terrace, rear courtyard, guest suite, fitness room, yoga room and a party room/entertainment room. Pre-register online or call 613.728.7873. one3one.ca

Larco homes

Barrhaven • Longfields Innovative semi-detached homes in Barrhaven – models now open. larcohomes.com

BARRHAVEN • LONGFIELDS STATION • TOWNHOMES • AND MORE

You know you’ve arrived when you’re living in your new home built by Campanale Homes, an award-winning builder with more than 30 years of experience. Condo flats and terrace homes starting from $252,000. Loaded executive townhomes priced from $331,260. Visit our new model homes and sales centre located at 420 Via Verona Ave. in Barrhaven. Call 613.440.3750 or visit campanale.com

OTTAWA SOUTH • PRINCE OF WALES ON THE RIDEAU Located just minutes to downtown via the scenic Colonel By Drive, and an easy bike ride to the scenic Hog’s Back Falls and Vincent Massey Park. This award-winning community features magnificent executive singlefamily homes, surrounded by more than 50 acres of greenspace and park bordering the Rideau River. Only a few lots remain. Call 613.440.3750 for more information or visit campanale.com

ARNPRIOR • CALLAHAN ESTATES Your distinctive destination. Just west of the scenic Madawaska River in old world Arnprior, this stunning location offers the best of both worlds. You can enjoy the timeless charms of smaller town living while being a scant 20 minutes from major urban amenities in neighboring Kanata and Ottawa. Starting as low as $219,900. Visit the sales centre located at 2 Tom Gavinski, Arnprior, open Monday to Thursday 11 a.m. to 7 p.m., Saturday, Sunday and holidays noon to 5 p.m. Call 613.622.0033 or visit campanale.com

LEMAY HOMES

Ottawa South • FINDLAY BY THE PARK New community offering singles, bungalows and townhomes. Just a few steps to greenspace, park, recreational arena and soccer fields. Quick access to shops, restaurants and services. Starting from $314,900. Limited time bonus offer. 613.425.5255. lemayhomes.ca

LE VIU

downtown Hull • The Heafey Group The best VIEW in town, the building is now ready for viewing, come and see the amenities on the 20th floor, pool, spa, sauna, gym and more a must see. Contact Michel Aubry 613-851-1320. 185 Laurier Street, Downtown Hull. leviu.ca

Linden Developments

Distillery Warehouse • Authentic Lofts Warehouse inspired lofts, with industrial kitchens, brick walls and pioneering design to celebrate Ottawa’s industrial past with prices from the mid $200’s. Register at distillerywarehouse.com to receive updates and an invitation to the VIP event. Call 613.793.5500.

LONGWOOD

CARDEL HOMES

LONGFIELDS • Barrhaven – Singles • Townhomes Now selling singles and townhomes in Longfields at Barrhaven. Visit 100 Longfields Dr. or contact Nicholas at Nicholas.karrandjas@cardelhomes.com, 613.290.4703. cardelhomes.com

kol at blackstone • kanata • condos KoL Condos coming soon to Blackstone. Register online at cardelhomes. com and be the first to receive insider updates. For more information, contact Harley Wallin at 613.836.9521, harley.wallin@cardelhomes.com

Notting Hill South • Orleans • condos Enjoy designer selected finishes in a brand new condo. Every single condo includes underground parking, six appliances, storage room, radiant heated floors, elevator and zero-maintenance comfort and convenience! Contact Nicholas at 613.424.6780, nicholas.karrandjas@cardelhomes.com cardelhomes.com

DOMICILE

BEECHWOOD VILLAGE • The Kavanaugh The Kavanaugh offers village life in the city: quaint but with cachet – and just minutes from Parliament Hill. Famed bistros and bakeries line a streetscape surrounded by greenspaces, bike paths and landmarks. 613.897.7873. thekavanaugh.ca

38 New home & Condo guide eastern Ontario | february 8 - 22, 2014

LITTLE ITALY • NUOVO • United by Originality Nuovo is Ottawa’s latest urban condo development brought to you by Domicile. This Barry Hobin design, situated in the heart of Little Italy, will offer unrivalled options for customization and personalization, allowing you to create a home that is truly yours. 613.728.7873. Pre-register now at nuovocondo.ca

KANATA • DEEVY’S HOMESTEAD MODEL HOME NOW OPEN! Adult lifestyle attached bungalow townhomes on Equestrian Drive in Kanata. Sales Office on site. deevyshomestead.com or email SalesDeevys@longwoodbuilders.com Call 613.435.2155 for more information.

HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB New adult lifestyle attached bungalow community in Hunt Club. New Decorated Model Home and Sales Office on site at 204 Pondsview Cres. neighbourhoodsofhuntclub.com Email d.greene@longwoodbuilders.com or call 613.738.1349 for information.

CENTRAL OTTAWA • SONIA BY THE RIDEAU New 70 unit Condominium Building in Central Ottawa. Decorated Model Suite with unique European Extenzo Ceiling. soniacondos.com Email SalesSonia@longwoodbuilders.com or call 613.421.9736.

OTTAWA SOUTH • MONTAGE Fully Built. 36-unit Condominium building in Ottawa South. Two Model Suites open. Move in now – only six suites remaining. Located at corner of Clementine and Ohio off bank south of Billings Bridge. montagecondos.ca Call 613.897.0044 or Email d.greene@longwoodbuilders.com

BUILDERS: If you would like to include your new model home or site opening, email Nashrun.Kamaludin@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide!

Ottawa / Eastern Ontario / Gatineau Regions ORLEANS • DORIMA TERRACE HOMES Models now open. Perfect for the first time buyer or investor. Terrace homes off Innes at 10th line. For more information dorima.ca or 613.424.2901

ROCKLAND • MORRIS VILLAGE Best value Single Family Homes and Bungalows. Perfect for growing families. Decorated Model Home and Sales Office. For more information longwoodbuilders.com/morrisvillage or 613-446-1506 RICHMOND • RICHMOND GATE New! Just Opened! Bungalow Semis in the town of Richmond. Sales office on site. longwoodbuilders.com/RichmondGate or or email SalesRichmond@longwoodbuilders.com 613-444-0494

MONARCH CORP

Kanata • Blackstone Executive 46-ft. singles from $441,990. Two-storey townhomes from the high $200,000s. 32-ft. singles with double car garages from the high $300,000s. 110 Westphalian Ave., Kanata, 613.831.2619. Register at monarchgroup.net

Barrhaven • Longfields Courtyard townhomes with double car garages from the low $300,000s. Semi-detached homes with double car garages from the high $300,000s. 280 Longfields Dr., Nepean, 613.569.5313.

Nepean • Stonebridge Ottawa’s award-winning golf course community. Luxurious singles from the mid $400,000s. Executive townhomes from high $200,000s. Stacked townhomes from the low $200,000s. 610 Kilbirnie Dr., Nepean. 613.692.9280. monarchgroup.net

MASTERCRAFT STARWOOD

WEST CENTRAL • SOHO CHAMPAGNE Mastercraft Starwood’s SoHo Luxury Condominiums is pleased to announce its third Ottawa location: SoHo Champagne – just one block west of Preston St. in Little Italy. Register today to get an invite to our spring sales launch. sohochampagne.com Ottawa • SOHO LISGAR New release of suites on the 12th to 15th floors. the ultimate hotel-inspired lifestyle in a designer condominium, in the heart of downtown. Call 613.798.7646. soholisgar.com

Phoenix Homes

ALMONTE • WHITE TAIL RIDGE Small town feel with all the amenities of a big city and the largest lots available anywhere. Contact Liane McKinley 613.369.5842.

SPRINGCRESS

WESTBORO • RAVENHILL COMMON 19 freehold towns, now under construction for summer 2014 occupancy. Located two blocks from the heart of Westboro, stunning open concept two- and three-bedroom homes from 1,361 to 1,948 sq. ft. feature as direct access from underground parking garage, two-storey galleries and open lofts, private rear terrace and roof top decks. Ravenhill Common, Contemporary Brownstones, Churchill Ave. North, one block south of Byron at Ravenhill. Sales centre now open at 329 Richmond Rd. at the corner of Churchill Ave. ravenhillcommon.com. Call 613.825.0080 or email salesinfo@ravenhillcommon.com

Metric Homes

Carp • Westlake South Estates Westlake Estates offers 22 estate lots on two to four acres on a private cul-de-sac and most lots are tree-covered.

LENA St. • ARNPRIOR Three large 60-ft.-wide lots in a private 10-lot cull-de-sac on the Madawaska River. Each lot has access to the Madawaska river via a private pathway. Each lot has its own private dock on the Madawaska, with direct access to the Ottawa River. Price starting in the mid-$500’s. The construction of a spec model home (for sale for summer 2014 occupancy) will start this fall.

stittsville • deer run Metric introduces the Maplewood 1 model to its Deer Run community lineup. At 3,200 sq. ft. plus open space, this home features a open loft at the second floor, circular staircase and walk in closet in most bedrooms. Visit the sales office on Rockson Crescent Saturdays and Sundays between noon and 5 p.m. or call 613.296.7000. Deer Run model home now open. metrichomes.com

WESTBORO • Qwest 529 Broadhead Ave. two custom designed semi-detached homes on a 168-ft. deep infill lot. Innovative street friendly and appealing design. Two proposed concepts. The first purchaser will decide which concept will be built and will customize its new home. Priced in the $700,000s.

Minto

THE GLEBE • MINTO@LANSDOWNE Make your home in one of Ottawa’s premier neighbourhoods – the Glebe. Enjoy the best of modern living in harmony with historic surroundings, with all life’s essentials right at your doorstep. Move in as early as 2014. 613.788.2784. lansdowne.minto.com

Tamarack Homes

NEW EDINBURGH • MINTOBEECHWOOD New Edinburgh is one of Ottawa’s finest neighbourhoods. Where tradition meets modern, old meets new, home to eclectic shops and restaurants. Spectacular new condominiums coming this September available from the mid $200,000s. Register now for priority preview: mintobeechwood.com

Orleans • Chaparal Grand opening, new gallery townhomes from $279,900 Call 613.837.1511 or visit tamarackhomes.com

Uniform Urban Developments

barrhaven • The Orchard Grand opening for The Orchard in Barrhaven South, near Stonebridge. Single-family homes starting from $519,000. 3699 Jockvale Rd. uniformdevelopments.com Manotick • Maple Creek Estates Stunning estate lot community with a close connection to the city – the best of both worlds. Two model homes open for viewing. Call 613.491.2277.

Kanata • Richardson Ridge Single-family homes starting from $497,000. Sales centre located at the corner of Terry Fox Drive and Richardson Side Road. Call 613.853.4302.

urbandale construction

Minto/Canderel

Westboro • UpperWest A 25-storey landmark address in the heart of Westboro – just steps from upscale dining and shopping. Choose from stunning open concept suite designs, with sun drenched rooms and spectacular interior finishes. Enjoy state-of-the-art fitness centre, entertainment lounge plus an expansive outdoor terrace. 613.788.2786. liveupperwest.com

Leitrum • Findlay Creek Grand opening! Five new decorated townhome models in Findlay Creek Village. Call 613.247.0081 or visit tamarackhomes.com

Kemptville • Country Walk New release of Country Walk, the second community in Kemptville. With only 70 units available, this exclusive community of adult-lifestyle bungalow townhomes is unique, affordable and eco-friendly. Visit urbandale.com

central ottawa • 99 Parkdale A new luxury condominium is coming to Ottawa. Indulge your senses with more than 12,000 sq. ft. of indoor and outdoor amenity space. Featuring an exquisite podium garden, state-of-the-art fitness centre, elegant dining rooms, a plush theatre, expansive lounges and an outdoor fireplace. Only minutes from the Parkdale market, everything you need is at your doorstep. Now released. Register at 99Parkdale.com

valecraft Homes

Mer Bleue/Orléans • bradley estates New release of single-family homes and executive townhomes. New to Bradley Estates: nine redesigned models with full-brick fronts and stone skirts. valecraft.com february 8 - 22, 2014 | New home & Condo guide eastern Ontario 39

Builder Name

Site Name

Prices

De t

Location

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

advertisers index

Page

WEST Almonte

Phoenix

White tail Ridge

From $343,500

Arnprior

Campanale

Callahan

x Inquire

Arnprior

Campanale

Riverwood Estates

x Inquire

Arnprior

Phoenix

Shadow Ridge

x Inquire

Barrhaven

Monarch

Longfields

From $329,990

4, 5

Barrhaven

Valecraft

Woodroffe Lofts

From $258,900

Carp

Metric

Westlake South Estate

x Inquire

Kanata

Mattamy

Fairwinds

From $224,990

6, 7

Kanata

Mattamy

Monahan Landing

From $224,990

6, 7

Kanata

Monarch

Blackstone

x Inquire

Kanata

Phoenix

Fernbank Crossing

Kanata

Uniform Developments

Richardson Ridge Inquire

Kanata

Uniform Developments

The Orchard

Kanata

Valecraft

Stittsville

From $383,400

4, 5 11 8, 9

$497,000

8, 9

Trailwest

$296,400

Metric

Arbourbrook Estates

x Inquire

Stittsville

Tamarack

Jackson Trails

x Inquire

Stittsville

cardel

Deer Run

x Inquire

westboro

Springcress

Ravenhill Common

From $599,400

SOUTH Barhaven

Claridge Homes

West Pointe Village

Barrhaven

Cardel

Homes

Barrhaven

Larco

Longfields

Barrhaven

Mattamy

Half Moon Bay

Barrhaven

Tamarack

The Meadows

Hunt club

Longwood

Huntclub Bungalows

Leitrim

Lemay Homes

Findlay by the Park

Leitrim

Tamarack

Findlay Creek

x Inquire

Manotick

Minto

Mahogany

x Inquire

Nepean

Monarch

Stonebridge

Nepean

Monarch

The Links

Richmond

Metric

King's Grant

South Ottawa

Campanale

Longfields

South Ottawa

Campanale

Prince of Wales on the Rideau

40 New home & Condo guide eastern Ontario | february 8 - 22, 2014

From $281,900

14, 15

x Inquire

$219,990

6, 7

x Inquire

16, 17

From $314,900

x Inquire

4, 5

Low $200's

x Inquire

Builder Name

Site Name

Prices

De t

Location

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

advertisers index

Page

Central Central

Valecraft

Aviation Private

From $299,900

Craig Henry

Larco

Accolade

x Inquire

22 3

EAST Cumberland

Metric

Camelot Estates

x Inquire

Navan

Claridge

Spring Valley Trails

Orleans

Metric

Notting Hill

x Inquire

Orleans

Tamarack

Chaperal

x Inquire

Orleans

Valecraft

Bradley Estates

x Inquire

Rockland

Longwood

Morris Village

x Inquire

16, 17

From $276,900

20 14, 15

QUEBEC Embrun

Valecraft

Place st Thomas

x Inquire

CONDO Barrhaven

Campanale

Longfields Station

x Inquire

Central

Claridge Homes

Icon

x Inquire

C13

Central

Domicile

Nuovo

x Inquire

C15, C17, C19

Central

Samcon Ltd

Summerhill

Central

Soho Parkway

Soho Champagne

x Inquire

C23

Central

Soho Parkway

Soho Italia

C13

Central

Soho Parkway

Soho Lisgar

x Inquire

C21

Downtown

Lamb Developments

Soba

x Inquire

Downtown

Richcraft

Bowery

x Inquire

C24

Gatineau

Le Group Heafy

The VIU

x Inquire

C16

Orleans

Cardel

Notting Hill

x Inquire

Orleans

Domicile

Bergeron

x Inquire

C14

Ottawa Central

Richcraft

The Galleria

x Inquire

South Ottawa

Theberge Homes

Hunt Club

x Inquire

West Ottawa

Qualicum

Woods Crossing

x Inquire

C10

West Ottawa

Westboro Point Development

The Azure

From low $300's

Low $200's

From $280,000

C12

february 8 - 22, 2014 | New home & Condo guide eastern Ontario 41

Please see advertisers ads for Site locations

42 New home & Condo guide eastern Ontario | february 8 - 22, 2014

Darling

almonte

west

North Gower

richmond

south

416

manotick

Vernon

russell

embrun

Iroquois

Morrisburg

east

rockland

Morewood

Cardinal

osgoode

greely

Kemptville

Nepean

smith Falls Merrickville

Vanier

Cumberland

orleans

CeNtraL gloucester

ottawa

hull

aylmer

gatineau

stittsville Barrhaven

Kanata

Carp

South elmsley

Carleton Place

bathurst

McNab

arnprior

gatiNeau

QueBeC

417

Casselman

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

401

Ready to occupy by Fall 2014— or buy next door at 111 West and move in now!* *Visit the sales centre for more details. RICHMOND & I S L A N D PA R K

Discover

West and

LiveQWest.com

the excitement.

This revolutionary community is set to redeﬁne living space in Ottawa. the beauty: brilliantly well-planned spaces, sleek ﬁnishes, beautiful views. the inspiration: art, culture and some of the city’s best shopping, restaurants and cafés right at your doorstep. Q the luxury: innovative features and services built in to a seamless residential experience. At Q West in Westboro, it all comes together to create an entirely new, vibrant lifestyle. You’ve never seen anything like it, and it’s how you want to live now.

the new you.

LiveQWest.com 613-221-5926

SALES CENTRE: 101 Richmond Road

Monday–Thursday noon–6, Saturday & Sunday noon–5, Closed Fridays

Designer Homes! Upgraded homes ready for quick occupancy Call for details: (613) 692-0500

Call for details: (613) 247-0081

Call for details: (613) 837-1511

Call for details: (613) 545-2500