Eastern Ontario New Home & Condo Guide - Mar. 23, 2013 by NextHome

April 6 - 20, 2013 Volume 13 Issue 07

Eastern Ontario Edition

Your Best Source for New Homes and Condos

UpperWest in the heart of Westboro

Minto and Canderel unveil new model suite

inside this issue

CUSTOM HOMES: THINK OUTSIDE THE BOX

WHAT NEW-HOME LOCATION SHOULD YOU CHOOSE?

PROXIMITY TO INFRASTRUCTURE MORE IMPORTANT THAN EVER

139 charlie’s lane, carp 613 839 6675

ere,

new coMMunity! Get in early with customized bungalows and two-storey homes, starting from the low $400,000s. Big beautiful 50 to 60-ft wide lots are in a one-of-a-kind location, minutes away from the mississippi river and a lake!

is your opportunity to own a holitzner home in carleton Place

now available with a signing bonus.

w w w.holitzner.com Visit a holitzner sales centre & tour our model home today! Mon. to Thurs.: noon to 7pm • Fri., Sat., Sun. & Holidays: noon to 5pm other holitzner communities

Move in 30 days!

immediate occupancy available with signing bonus. Build your own two-storey homes and bungalows from $514,900. 139 Charlie’s Lane, Carp • 613 839 6675

Move in this suMMer early occupancy homes available. singles and bungalows from $507,900. 606 Birchland Cres. (off Westridge Dr. between Abbott St. & Fernbank Rd.) Stittsville • 613 831 3711

ENERGY STAR® standard in all Holitzner homes. The ENERGY STAR® mark is administered and promoted in Canada by Natural Resources Canada.

Like us on:

Greenba

Kilbirnie Dr.

Rd.

twitter @monarch_group

Blackleaf Dr.

vale

PRESENTATION CENTRE

Jock

COMMUNITY LOCATED NEAR LONGFIELDS AND WOODROFFE AVE.

ie Dr.

Find your haven. Beautiful new home designs set in a quiet family neighbourhood with charming streetscapes, an abundance of nearby parks, fabulous amenities and shopping nearby. Plus, excellent schools at your doorstep and the convenience of easy access to major routes and local transportation. An exceptional neighbourhood of courtyard towns and semi detached homes up to 2,251 sq ft with a finished recreational room in the lower level.

Cambrian Rd. Kilbirn

AN EXCEPTIONAL NEIGHBOURHOOD OF COURTYARD TOWNHOMES AND SEMI DETACHED HOMES.

ck Rd.

COMING APRIL 20TH TO BARRHAVEN!

PRESENTATION CENTRE:

610 Kilbirnie Drive, Nepean, Ontario K2J 0G6 Mon. – Thurs. 1pm – 8pm Fri., Weekends & Holidays 12pm – 5pm 613.692.9284

facebook/monarchcorp

MONARCHGROUP.NET Prices, specifications and promotions are subject to change without notice. Renderings are artist’s concept and images are for mood and impression only. *Extras noted above are as per plan and as specified by Vendor. Some restrictions may apply. Extras to be chosen at Monarch’s Home Design Studio. **Includes Finished space in Lower Level. *** Hardwood on the Main Level is in lieu of Carpeted area and main floor bedrooms. Hardwood flooring is as specified by Vendor as per the Vendor’s standard samples. ****Size of air conditioner to be determined by heat calculation study. Restrictions may apply. Please see Sales Representative for full details. E.& O.E. March 2013. 20952.

It’s never been a better time to buy a Monarch home. Enjoy incredible buyer incentives at all of our communities and make your dreams of a new home come true today.

NEPEAN STACKED TOWNHOMES from $189,990

THE LINKS · MODEL HOME

DISCOVER GOLF COURSE LIVING.

EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284

NEPEAN EXECUTIVE SINGLES from the mid $400,000’s EXECUTIVE TOWNHOMES from the high $200,000’s THE EVERGREEN · ELEV. B

LIVE ON THE GREEN.

EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284

KANATA EXECUTIVE TOWNHOMES from the high $200,000’s

LESS THAN 7 HOMES REMAIN. MODEL HOME FOR SALE

VISIT US AT OUR NEW EXPERIENCE CENTRE TODAY EXPERIENCE CENTRE: 110 Westphalian Ave., Ottawa 613.831.2619

THE ALLIANCE · ELEV. A

KANATA TWO-STOREY TOWNHOMES from the high $200,000’s OLD WORLD CHARM. NEW WORLD LUXURY. BLACKSTONE · MODEL HOME

EXECUTIVE 46' SINGLES from $439,990 EXPERIENCE CENTRE: 110 Westphalian Ave., Ottawa 613.831.2619

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

DESIGNER DECORATED MODEL HOMES TO VIEW AT ALL COMMUNITIES.

MONARCH COMMUNITIES. MONARCH, CANADA’S OLDEST AND MOST EXPERIENCED BUILDER.

mattamyhomes.com

Time Is Running Out To Enjoy Special Savings On Our Early Move In Homes.

Special Cash Savings And Included Upgrades Available Right Now. Right now for a limited time, you can enjoy big savings on selected early move-in homes in all Mattamy communities. Besides the added advantage of moving in early, you also receive thousands of dollars of included upgraded finishes in your new home. This special savings opportunity will soon be gone so visit any one of our Sales Centres today for all the early move-In details or visit www.mattamyhomes.com.

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

KANATA

Townhomes From $224,990 Townhomes From $219,990 Townhomes From $225,990 · · · Detached Homes From $309,990 Detached Homes From $316,990 Detached Homes From $484,990 Rd

Lot 274-05 – 3-Storey Townhome, The Brookside ‘B’, 1,360 Sq.Ft., 3 Bedroom, Was $272,990 Now $259,990 Includes: Granite Countertops In Kitchen, Ceramic Tile And Hardwood Floors In Living/Dining & 3 Appliances. Move In February 25, 2014

Elev. ‘B’

R ve ro eG

Sales Office

son R

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

r. d.

Eagle

fie

Lot 163 – Single Car Garage, The Atrium ‘A’, 1,388 Sq.Ft., 3 Bedroom, Was $334,990 Now $309,990 Includes: Hardwood Floors In Great Room & Granite Countertops In Kitchen. Move In February 4, 2014

1 y4

l Fal

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

H . Rd

Rd.

Side

Dr.

Hope

dium

a Pall

416

. Rd

nk ba ia e ot lac c S P

Rd.

zel

n ria

D ox yF

e al

b am

r Ter

Sales Office r

Sales Centre

Club

F ry

ank

k oc

417

Joc kv

1 d y4 an Hw Str

iew arv Ced

he rd R

unt

r Te

enb

Gre

iel

f low Fal

Fairwinds Sales Centre: 1776 Maple Grove Road, Kanata, 613.831.9369 Elev. ‘A’

Lot 19-6 – Village Home, The Mulberry Corner ‘A’, 1,366 Sq.Ft., 3 Bedroom, Was $267,990 Now $254,990 Includes: 3 Appliances & Granite Countertops In Kitchen. Move In November 5, 2013

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

westboro

2-storey SEMI-DETACHED HOMES 2170 to 2675 sq. ft. PLUS Finished Basement. Many Premium Upgraded Features: Stone, Stucco, Ceramic & Hardwood flooring, Hardwood Stairs, Upscale cabinets, Granite counter tops, Lighting, Energy Starâ&#x20AC;Ś. Priced from high $700â&#x20AC;&#x2122;s

2 inventory single family homes also available in Stittsville from $529,000.

(613) 296-7000 MetricHomes.com

8 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

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

NOW BEING BUILT!

homes starting from $497,000

613.853.4302 | uniformdevelopments.com

contents

April 6-20, 2013

volume 13 issue 07

cover story

p.C22

minto & canderel UpperWest – Ottawa’s most anticipated new condominium

C06

C20

vice-president, Wall2wall media

Jacqueline Hill

Sales Manager, Eastern Ontario

Paul Bimm

editor-in-chief, national real estate

Susan Legge art director

Daiana Garay editor

Wayne Karl contributing editors

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

regular features Condo Insert | C01-C32

sales co-ordinator, eastern Ontario

Spotlight on Condos: Your

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

Nash Kamaludin

national account manager, mediative

Paul Slizys

Manager of production

C20 home smarts

The custom home: thinking outside the box by Marnie Bennett

C24 in the news

Further intervention in housing markets not warranted: CHBA

C30 fundamentally speaking

Proximity to infrastructure more important than ever by Wayne Karl

12 editor’s note 20 How to find a home

What location should you choose?

29 in the news

CHBA honours leadership, accomplishment

30 finances

Are you at risk if interest rates rise?

Production Co-ordinator

Dennis Ng

graphic designer

Viosa Barileva Published by

31 finances

Building your best financial future at every age

33 style file

Small stylish bathroom by Evelyn Eshun

36 hot sheet

Two pages of community previews and openings

26 the mortgage minute

Why you shouldn’t fret over a ‘market correction’ by Peter Kinch

community focus features C06 mastercraft starwood Experience the SoHo lifestyle in downtown Ottawa

Bala Gnanapandithan

C22 minto & canderel

UpperWest – Ottawa’s most anticipated new condominium

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

newhomeandcondoguide.com 1 Raymond St., Ste. 300 Ottawa, Ontario K1R 1A2 Phone: 613.729.1221 Published Saturdays, 2013 Publishing Schedule: Bi-weekly Jan.-June and Aug.-Nov. Monthly: July & Dec. 1 Circulation: Free distribution in street boxes, stores, banks and financial institutions. Terms: Advertisers, editorial content and New Home & Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. Editorial: Submissions from interested parties will be considered. Please submit to the address shown. The views and data expressed by columnists do not necessarily represent those of the publication. Copyright 2013: All rights reserved by New Home & Condo Guide, Toronto, Ontario. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication. Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. Please recycle this magazine! Wall2Wall Media participates in the Partners In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

Final Phase

UndEr consTrUcTion

a smar t investment

Tarion award of ExcEllEncE finalisT

Executive towns

Semi-detached homes

from the high

613.592.2425

Loblaws $ 200’s

monarchgroup.net

613.435.5400

valecraft.com

from the high

$ 200’s

RD HM ON

Visit our website for hours.

MOODIE DR

STONEHA VE

R XD N

NBA

FER

$ 300’s

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

SON RD

ROBERT

RIC

EAGLESON RD

O RY F

TER E DR

COP K RD

from the low

6 beautiful model homes available for viewing

417

MICHAEL COWPLAND DR

613.831.6255

tartanhomes.com

Executive towns

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

Trailwest.ca

e d i t o r ’s n o t e

Get it in writing

and have your lawyer review your agreement

uying a brand-new home offers you an opportunity to customize it to your liking. It can be a dream come true and an investment for the future – but don’t forget, it’s also legal transaction. The term “get it in writing” has never been more important than in the case of the new-home purchase, since such a document outlines everything your home will have in it, on it and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms and conditions between you and your builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was agreed upon. Since building a home is much more complicated than a resale transaction where the unit and/or property likely already exists, there is no set Agreement of Purchase and Sale or standard contract for buying a new home. In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements so contracts can vary from one builder/developer to another and from province to province. Before you sign a contract, review it carefully with the builder and ask questions to make sure you fully understand what it contains. Your next step is to then take it to a real estate lawyer and have it reviewed. Once it is signed, it becomes a legal document and an agreed-upon contract, so seeking the services of an experienced real estate lawyer is an important step toward ensuring that your dream home becomes a reality.

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

Why infrastructure is crucial to housing

As we tackle the challenge to improve and expand, proximity to existing amenities is increasingly key

t’s no secret infrastructure is important to any city and its residents. And in the case of many Canadian cities, there is a growing need to repair existing infrastructure that is decades old, as well as build new infrastructure to accommodate growth. This is why various home building associations and other organizations see some promise with the latest federal budget tabled on March 21, in which Finance Minister Jim Flaherty promised increased funding for infrastructure improvement. Proximity and access to transit and amenities – from highways to health care to schools to shopping to recreation – are critical for builders and buyers alike. Development charges for developers to build new communities, and help fund infrastructure growth, need to be reasonable, so as to deliver new-home prices to buyers that are affordable. It will take months, if not years, for new funding to reach municipalities. In the meantime, prospective homebuyers would be wise to pay careful attention to these matters, and to make honest assessments of how well equipped your potential newhome communities are in this regard.

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

12 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

ADULT LIFESTYLE

ATTACHED BUNGALOWS

of Hunt Club NEIGHBOURHOODS

NEIGHBOURHOODS of Hunt Club 613.738.1349 d.greene@longwoodbuilders.com longwoodbuilders.com/huntclub Under construction. Model opens in May.

Longwood wrote the book on these most sought-after bungalows. Special ‘wide lot’ designs with rear garages available in Hunt Club location.

DEEVY’S HOMESTEAD in Kanata 613.435.2155 c.gervais@longwoodbuilders.com deevyshomestead.com Pre - construction pricing. Act now!

M O N TA G E

MONTAGE Condominiums Off Bank south of Billings Bridge 613.897.0044 d.greene@longwoodbuilders.com montagecondos.ca Move in this Spring! SONIA BY THE RIDEAU Urban Condominiums 613. 421.9736 l.rivington@longwoodbuilders.com www.SoniaCondos.com ‘Must-see’ Model Suite

MORRIS VILLAGE in Rockland Single Homes / Bungalows 613.446.1506 d.greene@longwoodbuilders.com longwoodbuilders.com/morrisvillage Best value for growing families.

INTRODUCING DORIMA Terrace Homes Tenth Line at Innes in Orleans 613.424.2901 d.mcfee@longwoodbuilders.com dorima.ca Priced for First Time Buyers and investors! From the low $200’s.

18 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

howtofindahome

What location should you choose? Location is a critical factor when

shopping for a new home. After all, a home with everything you need – but in the wrong location – is still not likely going to be the right home for you. Here are some things to consider about location:

» Do you want to live in a city, a town or in the countryside? » How easy will it be to get to where you work? How much will the commuting cost? » Where will your children go to school? How will they get there? » Do you need a safe walking area, or recreational facility, such as a park, nearby? » How close would you like to be to family and friends? Sustainable neighbourhood You also may want a “sustainable neighbourhood” that meets your needs, while protecting the environment. Homes in a sustainable neighbourhood are located near shops, schools, recreation, work and other daily destinations. This helps reduce driving costs and lets residents enjoy the health benefits of walking and cycling. Land and services, such as roads, are used efficiently. Sustainable neighbourhoods also feature a choice of homes that are affordable. In your search for a sustainable neighbourhood, here are some key questions to ask:

» A re there different dwelling types (such as singledetached, semi-detached, townhouse and apartments) in the neighbourhood? » A re the lots modestly sized? Roadways narrow? Driveways/parking areas small? Do natural drain ways lead to streams and storm water ponds or parklands? Is there native vegetation and streams with woodland edges?

“Look and feel” » Do the buildings have a friendly face to the street? Are the community centres, shops and meeting places welcoming? Easy transportation » A re there trees lining the street? Do you find the » A re stores, schools, recreation facilities, restaurants homes interesting to look at? Do the building sizes and health services within walking or cycling disfeel comfortable to you? Are the roads easy to walk tance? Will your children need to take a bus to school? along or cross? Can they walk to the park? Can you do most of your shopping without a car? Safety » A re there nearby bus stops and cycling lanes? How » Do the homes have “eyes on the street”? (In other long is the bus ride to work, or school? Can you words, are there people around who might watch out for you? Is there somewhere to go in an emergency?) safely bike? » Is there adequate street lighting? » A re there safe places for children to play? House size and features » A re the streets safe for cyclists and pedestrians? » A re the homes compact with shared walls to reduce » Is traffic slow moving and light? heating costs? » A re homes reasonably sized with lots requiring For more information, contact Canada Mortgage and less upkeep? Housing Corp. cmhc-schl.gc.ca 20 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

Made tough. Our specs are top-shelf.

Built for real life. CARDELHOMES.COM

22 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

spotlight on condos Eastern Edition

April 6 - 20, 2013

Soho Lisgar

by Mastercraft Starwood

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

spotlight on condos

JUST LIKE YOUR LIFE NOW. BUT WITH A CONCIERGE. And a fitness centre. And an executive boardroom. And world-class views.

AND A WHOLE LOT MORE. Who says you have to downsize when you move to a condo? Learn more about our amenities and the luxury lifestyle you could be living at Cathedral Hill.

Visit our sales centre at 440 Sparks St.

CATHEDRALHILL.CA | 613.566.7010

WE’RE LOWERING THE SKYLINE. AND RAISING THE BAR.

Visit our sales centre at 1000 Wellington St. W.

THEEDDY.CA | 613.701.0600

spotlight on condos

Step out of the current and into The Eddy — six storeys of green, urban condos that set new standards for architecture, design and smart, healthy living.

Ar tist’s rendering. E. & O.E.

Carefree 1000 Islands Living Brockville’s newest and most exciting 10-storey condominium development. Buy now for the best choice of suites and river views.

Starting from

$300,000

• Premium waterfront property, offering beautiful views of the 1000 Islands region of the St. Lawrence Seaway • Within walking distance of downtown Brockville and only a short drive to Ottawa, Kingston and Toronto • Exceptional on-site amenities including walkout shoreside patio, indoor pool and hot tub, exercise room and indoor parking • Green design includes superior indoor air quality and energy saving, geo-based heating and cooling system

spotlight on condos

VIEW: 6TH FLOOR SOUTH WEST

1.855.445.0445 | THEWAYFARE.CA

Managed by

spotlight on condos

SoHo

Experience the lifestyle in downtown Ottawa

spotlight on condos

Move in this summer – stunning model now open

ow in its final stages of construction with spectacular suites priced from $289,900 with occupancy dates next summer still available. Mastercraft Starwood has taken hotel inspired living to the next level. Now you can live in a condominium where every intricate detail has been designed to awaken your sense of style while simultaneously satiating your desire for comfort. There are only a few opportunities left to experience true hotel inspired luxury. Award-winning architect Roderick Lahey has designed this architecturally stunning 16-storey tower of glass,

aluminum, brick and granite. The Gluckstein design team has meticulously reviewed the finishes to ensure they meet the high standards and protocols previously reserved for luxury boutique hotels. Mastercraft Starwood is also the developer of Toronto’s finest boutique hotel, The SoHo Metropolitan Hotel, and Toronto’s first five-star hotel, The Hazelton Hotel. Each day, life will be enriched by the management and concierge services of Toronto’s SoHo Met Hotel as they raise the level of personalized care to new heights. SoHo Lisgar presents residents with more than 7,000 sq. ft. of indoor and outdoor amenities starting with the fabulous Gluckstein lobby of marble and metal. The impressive SoHo Prime Minister’s Club is the place to welcome friends on a grand scale with its executive boardroom, private dining room, lounge and bar. It is so-named for the portraits of the prime ministers by award-winning photographer Nigel Dickson that you can view at the presentation gallery. The party can spill out to the SoHo Water gardens with living wall, outdoor lap pool, whirlpool, linear fireplace and outdoor kitchen with barbecue. Lounge poolside, work out in the Dalton Brown Gym or unwind in the sauna and hot tub. Host a dinner in the private dining room. Watch a movie or sports event in the private screening room with seating for 24. At SoHo Lisgar, residents will be stars in their own homes. SoHo’s trademark design features floor-to-ceiling and wall-to-wall windows spanning interior widths of 20 ft. – unheard of in condominium living. The design is truly unique and exclusive, too. No other one- or two-bedroom condominiums in downtown Ottawa feature 20-ft.-wide kitchen/living areas with floor-to-ceiling and wall-to-wall windows (most other condominiums feature 10- to 12-ft.wide living rooms). Each floorplan has been designed by Gluckstein to accommodate fine furnishings of every taste and temperament. Each suite will be invested with the same high-

mastercraft Starwood

Soho Lisgar

Each floorplan has been designed by Gluckstein to accommodate fine furnishings of every taste and temperament. quality materials and standards demanded by elite clients who desire living spaces equivalent to the comfort of expensive homes. You’ll find nine-ft. ceilings – marble bathrooms with large shower stalls and a rainshower head, European appliances and quartz countertops. Kitchens will be designed with the fine cabinetry found on a yacht or private jet, with an island and appliances concealed behind lacquered doors. Backsplashes glisten with glass tile alongside a stainless steel sink with side-mounted faucet.

L ocated on Lisgar between Bank and O’Connor in Centretown, SoHo Lisgar has the perfect location to enjoy a short walk in any direction. Stroll up Bank St. to Sparks and over to Parliament Hill, or take a quick jog to the historic Rideau Canal – the city of Ottawa unfolds from the doorway of SoHo Lisgar.

Location Ottawa housing type Condos, designerdecorated, 16-storey condominium sales office 300 Lisgar St. Monday to Friday noon to 6 p.m. Weekends by appointment only Model now open contact soholisgar.com 613.798.SOHO (7646)

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario C7

You’ve never seen anything like it, and it’s how you want to live now.

spotlight on condos

Visit LiveQWest.com today to learn how. This is your Q.

ONE-bedroom Junior Suites from $323,150

Your Home Near The Hill

You want to live where downtown spirit meets community character. Where your prime location is your pathway to the best of Ottawa. Where bountiful green space blends naturally into your day. Where smart design shapes the experience outside and in. Where everything just clicks. SMART CONDO LIVING AT THE HEART OF CENTRAL PARK ON MERIVALE. STARTING AT MID $200s.

ashcroft-homes.com LiveQWest.com benext.ca 613.221.5926 613.221.5913

rehotelandresidences.com 613.221.5926

YOUR SOLACE IN THE HEART OF THE CITY Cool, chic and elegant, The Slater Club Lounge combines rich, dark colours and appealing textures for a luxurious, intimate refuge. Comfortable seating surrounds two contemporary marble fireplaces, creating a warm environment that’s perfect for sophisticated parties or quiet conversation. The Slater is the place to call home at the centre of it all - 199 Slater at Bank.

Now Releasing

THE PRIME SUITE COLLECTION Don’t miss your opportunity from $198,900

CONDOMINIUM&HOTEL

SOPHISTICATED LIVING FROM $198,900 — Presentation Centre at 199 Slater Street (between bank and o’connor) Mon & Tues 12-6 pm • Wed & Thurs 11-7 pm • Friday 12-6 pm • Saturday 12-5 pm THESLATER.CA 613.230.0199

spotlight on condos

MORE THAN AN ADDRESS

Imagine... a quiet margarita by the pool in the heart of the city

resort-style condominiums from $219,900

P R E S E N TAT I O N C E N T R E

455 Bank St at McLeod, next to Starbucks M-W 12-6 | TH 3-8 | SAT 12-5 | SUN 1-5

HideawayatCentral.ca

spotlight on condos

613.789.5475

C10

Learn more

urbancapital.ca

Develops innovative green buildings, including its threephase LEED Gold Central development at Bank & McLeod

Has developed over 4,000 loft-style condominiums, including 1,200+ in Ottawa

Is a leader in revitalizing our cities’ urban cores, with trail-blazing developments since 1996 in Toronto, Ottawa, Montreal and Winnipeg

Sells most of its condominiums to repeat customers

Gives back to its local communities, including donating $100,000 to the Taggart Family downtown YMCA

Brings in top architects, interior designers, product designers and fashionistas from around the country to speak at its annual Trends in Design series

Did you know

Urban Capital...

Was the first to bring high-design newconstruction lofts to Ottawa with the East Market back in 2001

Supports local businesses. Want proof? Check out urbaina.com, their customer loyalty program

Loves urban living

Is working on a number of new developments today for an even better Ottawa tomorrow

CHECK OUT THEIR CURRENT DEVELOPMENTS

central2.com

hideawayatcentral.ca SALES CENTRE 455 Bank St at McLeod, next to Starbucks 613.789.5475 Mon-Wed 12-6 | Thurs 3-8 | Sat 12-5 | Sun 1-5

spotlight on condos

Loves to party. A launch, groundbreaking, topping off, move-in… give them an excuse and they’ll bring the cocktails

Is a big supporter of design, sponsoring the Design Exchange, Canada’s Design Museum; Azure Magazine’s annual AZ Design Awards; and Canada’s entries to the Venice Biennale

C11

C12

spotlight on condos

Visit our decorated model suites this weekend and discover Downtown Living At Its Best. The Galleria 2 is located on a one-way street close to Parliament, Ottawa University, ByWard Market, and all the city has to offer. 1 & 2 bedroom suites from $277,000.

C13

C14

spotlight on condos

C15

NOW UNDER CONSTRUCTION!

C18

spotlight on condos

Meet Ottawa’s Hottest New Project Now 50% Sold!

Sales Centre with Fully Furnished Model Suite 203 Catherine St (East of Bank) One Bedroom, Two Bedroom and Penthouses from $179,900

twitter.com/bradjlamb

For more info, call 613.257.8887

Gladstone Ave

Catherine St

Queensway/Hwy417

Elgin St

O’Connor St

SoBaOttawa.com

Somerset St W Metcalfe St

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

Slater St Laurier Ave W

Kent St

EXCLUSIVE BROKER

Bank St

DEVELOPER

spotlight on condos

Now Open!

C19

homesmarts

The custom home: Thinking outside the box by Marnie Bennett

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

you can expect to pay more than you would for a typical new home, and the planning stages will certainly require more of your time. Because you’ll be spending far more time in discussions with your builder’s team, it’s extremely important to choose a builder whom you like and respect. In your initial discussions, be sure that you feel you’re being listened to; the last thing you want is to feel pressured into making certain decisions. A good custom builder will do everything in his or her power to realize your vision; and if certain As a broker, I pride myself on finding the right home aspects of that vision are unrealistic for the right client. But, on occasion, a client comes along whose demands or beyond your budget, they will take are so specific and uncompromising that a custom home is the only way to the time to explain these limitations and present you with satisfy them. When most of us hear the term “custom There are obvious advantages appealing alternatives. A custom-built home,” we think of a home that has been to purchasing a custom home: home is the kind of designed specifically for the buyer from the you get exactly the home you investment – of both ground up. Custom-built homes tend to be want, on exactly the plot of time and money – that associated with luxury – and, truthfully, the land you want. buyer who can afford to design and build a should be made only dream home probably has fairly deep pockets. when you’re planning to live in a house It’s important to recognize that, among builders who market themselves for years to come. But then, if you find as custom builders, there may be great contrast. Some provide the client with yourself in the fortunate situation of a limited number of home plans to use as a framework, to which the client being able to build your dream home, can request any number of alterations. Others employ an architect or designer why would you ever want to leave? who will work with you to draw up plans from scratch, strictly according to your wishes. These professionals generally provide valuable input about layouts To receive a FREE copy of a new special report titled “Homebuyers: and building materials. There are obvious advantages to purchasing a custom home: you get exactly How to Save Thousands of Dollars the home you want, on exactly the plot of land you want. Your home will be When You Buy” email sales@ one-of-a-kind, the perfect expression of your personal taste. On the “con” side, bennettpros.com C20 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

liveupperwest.com Model Suite Now Open! Register today.

spotlight on condos C21

coverstory

Location plus experience equals success

Minto and Canderel

come together to launch UpperWestOttawa’s most anticipated new condominium

n real estate, it’s suggested that there are only three things that matter: Location. Location. Location. And while often true, for Ottawa condominium buyers, there’s one more: Experience! Working together Ottawa’s leading real estate developer, Minto Communities, and the award-winning condominium development team at Canderel Residential, launched UpperWest in the heart of Westboro offering today’s condominium buyers just what they’re looking for: a condominium in a great location from an experienced development team. Already Ottawa’s most highly anticipated new condominium, Minto’s Senior VicePresident of Development, Brent Strachan, isn’t surprised, given the project’s prime location in the heart of Westboro. C22

Minto and Canderel UpperWest in Ottawa

Located at 485 Richmond Rd., the 25-storey tower offers unobstructed views of the vast green and blues expanses of the Ottawa River Parkway and the Gatineau Hills beyond. UpperWest offers residents a “backyard” unlike any other in Ottawa: hundreds of acres of federally-protected parkland that will always remain undeveloped. Not content to simply let the location be what defines the project, Minto and Canderel turned to one of Toronto’s hottest architects, Rudy Wallman, to create a distinctive design that would complement the prevailing urban forms of Westboro, while leveraging the site’s unique natural elements. The result, a new landmark for the Capital. “Rudy Wallman and his firm are among Toronto’s hottest architects,” says Canderel’s Vice-President of Sales and Marketing, Riz Dhanji. “Rudy has earned a reputation for creating distinctive condominium towers that make a bold statement. But, more than just creating icons in the sky, Rudy is well regarded for his appreciation for how people live in a condominium. This unique insight has allowed him to design condominium projects – to design suites and common areas – that really work for the way people really live.” With keen insight from Minto into the needs of the local market and Canderel’s insistence on good design, Wallman has created 195 suites that are designed with the lifestyle of both the young professional looking to “move up,” and the empty nester determined to “right size” in mind. Suites in the tower range from 455 sq. ft. to a spacious 1,391 sq. ft., although the building’s unique design will allow for some units to be combined, creating “some truly customized homes,” says Brent Strachan. Prices start at an affordable $210,900 to nearly $750,000, and all units will boast nine-ft. ceiling heights and large windows. Elegant kitchens offer designer-selected contemporary cabinets with slow close hardware, granite countertops and ceramic backsplashes, stainless steel Energy Star appliances, and stylish kitchen islands with cookware storage drawers (per plan). Equally elegant are the bathrooms which offer

designer-selected cabinetry and granite countertops, ceramic flooring, five-ft. tubs, walk-in showers and brushed nickel accents. Beyond its beautifully designed suites available from studios to three bedroom layouts, UpperWest features a hotel-inspired entry and sophisticated lobby, with a fireplace and three high speed elevators. The podium boasts the amenity spaces, including a state-of-the-art fitness centre, private dining area with demonstration kitchen and a magnificent 5,400-sq.-ft. outdoor terrace with reflecting pool, fireplace, gas barbecues, lush landscaping and elegant furniture. True to Minto’s longstanding commitment to green, sustainable development, UpperWest will be a LEED Certified development. “Together with Canderel we have created a sustainable residential condominium development that doesn’t exist anywhere else in Ottawa,” says Brent Strachan. “At UpperWest, we have matched unsurpassed location with unparalleled design and balanced luxury with affordability.” Canderel’s Riz Dhanji adds that while it’s a condominium that says something about its developers, “it’s a condominium that says more about its purchasers.” For your chance to live at UpperWest, visit the Presentation Centre, at 400 Richmond Rd, call 613.788.2786 or v isit liveupper west.com for more information. builder Minto and Canderel Location Westboro, Ottawa starting price From 455 to 1,391sq. ft. $210,900 to nearly $750,000 sales office 400 Richmond Rd. contact 613.788.2786 liveupperwest.com apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 23

inthenews

Further intervention

in housing markets not warranted: CHBA

T he feder a l g ov er nmen t

should refrain from further intervention in the housing market by adjusting mortgage lending rules, according to the Canadian Home Builders’ Association. In his inaugural address at the recent 70th National Annual CHBA Conference in Lake Louise, Alta., Incoming President Deep Shergill of Calgary said that such intervention represents “a hammer” that impacts all housing markets, both those that are healthy and those yet to fully recover from the recession. Shergill, President of Prominent Homes Ltd. of Calgary, called on the government to be prepared to take remedial action if housing activity falls below demographic demand or if price stability is threatened. “It seems less than forthright to constrain consumers’ ability to buy a new home – a real asset, while allowing usurious credit card interest rates to bury many consumers in non-asset backed debt,” Shergill said. Working to maintain a stable financing environment would be one of seven priorities in his plan of action for the coming year, he said. The others are regulation, government-imposed costs, a skilled and productive workforce, land availability, market intelligence and investment in research and development. Canada Mortgage and Housing Corp. (CMHC) has played a central role in maintaining stability in mortgage markets since the financial meltdown of 2008, Shergill

said. “We are extremely pleased that the federal government recognizes the corporation’s continued effectiveness.” The industry’s success in improving energy efficiency illustrates the benefits of collaboration with government in research and development. A CHBA analysis of the energy performance of an Ottawa home built in 1975 compared with one built today shows a 66 per cent improvement. Comparing similar models of family cars over the same period showed a maximum improvement in energy efficiency of 16 per cent. Shergill said it’s time to roll back the chronic over-regulation of the new-home building industry. Government-imposed costs are pushing house prices ever higher and must be rolled back and reduced, Shergill said. “So long as governments persist in confusing the effect of low interest rates with real housing affordability, they will fail to recognize the steady erosion of housing affordability.” The same pressures that add to the cost of a new home also inflate the value of existing homes, with no value-added. As a result there is a multiplier effect through the resale housing market every time a new charge, fee or levy is applied to new development. In some urban centres the relationship between house prices and household incomes has reached a crisis point. The growing underground economy is also a result of the rising tax burden on housing. In consultations on the federal government’s plan for long-term infrastructure, Shergill said the CHBA has pointed out that calls for new development to pay its own way deflect from the failure of politicians to invest in basic infrastructure over many decades. “What some call an infrastructure deficit should more correctly be recognized as a legacy of failed leadership. Requiring new development to pay for bad decisions in the past is unacceptable.” The CHBA hopes the next federal budget will outline a national plan for infrastructure investment that will give priority to housing affordability and choice.

The growing underground economy is also a result of the rising tax burden on housing.

C24 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

LIVE ON THE PARK WALK TO THE RIVER

PARKSIDE EXECUTIVE STACKED TOWN HOMES

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

Upper Eastside

Montreal Rd. Queensway

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

spotlight on condos

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

Hemlock Rd.

C25

C26

spotlight on condos

TOW TOWEERR

<> <> Digital DigitalEnvironment EnvironmentControls Controls<> <>World WorldClass ClassAmenities Amenities <> <> <> <> <> <> 3 3SkyClub SkyClubLevels Levels Integrated IntegratedAppliances Appliances 1010foot footCeilings Ceilings

INTELLIGENT INTELLIGENT CONDOS CONDOS

111 111PARKDALE PARKDALE

spotlight on condos

C27

C28

spotlight on condos

C29

fundamentallyspeaking

Proximity to infrastructure

and amenities more important than ever

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

by Wayne Karl

Ever notice how many builders boast their

new community is “ just minutes from shopping, schools and all the amenities!”? And that “Everything you need is “right at your doorstep!”? Indeed, proximity and access to a variety of amenities and essentials – from transit to health care to schools to shopping to recreation – are critical determining factors for builders and buyers alike, for lifestyle and comfort while living there, as well as resale potential down the road. It’s an important topic we’ve written about before in Fundamentally Speaking and elsewhere in New Home & Condo Guide. In addition, home building associations across the country have commented on infrastructure and related development charges and other fees rising to prohibitively high levels. Consider, for example, development charges imposed by some municipalities can exceed $60,000 per home – costs that are almost always passed directly on to new-home buyers – before a shovel even hits the ground.

The federal budget, tabled on March 21, provides some hope in this regard, in that it contains measures to increase support for national infrastructure. Says Canadian Home Builders’ Association (CHBA) President Deep Shergill: “It’s an opportunity to restore fiscal integrity at the municipal level and fairness for younger generations. At present, many municipalities are financing community infrastructure by transferring the costs into the mortgages of new home buyers, amounting to more than $5 billion a year.” Municipalities across Canada are now lobbying Ottawa to make sure they get their share of available funds to address road and transit needs. Faced w it h such infrastructure and funding challenges, municipalities are also typically considering other options – including new taxes, road tolls and other fees – to help pay for what’s needed. For homeowners and prospective new homebuyers, then, it is clear that proximity to existing infrastructure and amenities is becoming more important than ever. With continuing immigration, general growth and construction expansion – all happening at a quicker pace than infrastructure improvements – our highways and transit systems will all be tested until everything catches up. As you’re out there shopping for your new home, look around to see how far you are from the nearest highway or rapid transit system that affords you a reasonable commute; and how close you are to health care, schools, shopping and recreation. These communities will be at a premium, now and in future.

For homeowners and prospective new homebuyers, then, it is clear that proximity to existing infrastructure and amenities is becoming more important than ever.

C30 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

spotlight on condos

C31

C32

spotlight on condos

Dear mortgage, I’m taking time off to get lost.

Take time off from your mortgage payment. Our TD flexible mortgage feature comes with life in mind. You have the option to save up, then take a payment vacation for up to 4 months.1 How you spend your payment vacation, well that’s up to you.

For more information visit a branch or tdcanadatrust.com/paymentvacation or call 1-866-492-4938 today.

Banking can be this comfortable 1 Some conditions apply and subject to approval. ®/The TD logo and other trade-marks are the property of The Toronto-Dominion Bank or a wholly-owned subsidiary, in Canada and/or other countries.

24 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

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

Artistâ&#x20AC;&#x2122;s Concept

Ravenhill Common A private enclave of 19 freehold towns designed by Barry J. Hobin & Associates Architects Inc. will create a striking harmony of heritage and contemporary design. Located just two blocks from the heart of Westboro, these stunning open concept two- and three-bedroom homes range in size from 1,360 to 1,930 sq. ft. and include such features as direct access from underground garage, two-storey galleries and open lofts, private rear terraces and roof-top decks.

50% sold! Choice locations still available. Prices from $599,400. Spring 2014 occupancy. View from roof terrace of Brownstone #16

Sales Centre 613-825-0080 461 Edison Avenue ravenhillcommon.com Monday to Wednesday Noon to 7 p.m.

VE NA

C RI

VE LA

HIL

VEN RA

UR AVE

VE NA

ILL

ISO

Thursday and Friday Closed

Weekends and holidays Noon to 5 p.m.

O HM

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 25

themortgageminute

WhY YOU SHOULDN’T FRET OVER a

‘ market correction’ by peter kinch

Pick up any newspaper today and no

one could blame you if you got a little worried about the state of the economy or the fear of a pending market correction in Canadian real estate. Are Canadians taking on too much debt? Have mortgage rules gone too far? Is there a housing bubble about to burst? What if there is a market correction? The real question is, do Canadian homeowners or prospective buyers need to be concerned? Every time there is talk about a market correction, the tone is quite negative. But let’s take a closer look at that situation: rather than argue about whether we may have a market correction, let’s analyze what it really means to Canadians if there is one. First-time homebuyers: If you’re a first-time homebuyer, you have likely felt the pinch of the rising cost of housing, and the new mortgage rules certainly haven’t helped any either. So a slight market correction would be welcome news for you; you can still get into homeownership with only five per cent down, but since your maximum amortization is now limited to only 25 years, a drop in pricing is exactly what you’ll need to be able to get into this market. Conclusion: A market correction is a good thing for you. Current homeowner buying or selling – moving up or downsizing: If you are a homeowner and you’re looking for the right time to sell your house so you can buy another, you may be concerned that the price of your current home is dropping. But, let’s assume the value of the house you are selling drops by 10 per cent. Let’s also assume that you plan to buy another home (whether upsizing or downsizing). Remember that the person selling their home to you is going through the exact same thing. In other words, if the value of your home dropped 10 per cent, so too did the value of the new home you are buying. Focus on what your bottom line “net” is, rather than what you thought or had hoped to sell your home for.

26 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

Peter Kinch is an award-winning mortgage broker and best-selling author of The Canadian Real Estate Action Plan Visit peterkinch.com or contact him at peter@peterkinch.com

If you’re a first-time homebuyer, you have likely felt the pinch of the rising cost of housing, and the new mortgage rules certainly haven’t helped any either. Conclusion: The net effect of a market correction is likely zero. Real estate investor or second-home buyer: If you are buying real estate as an investment, this is the perfect market condition for you. When there are more sellers than buyers, you have more bargaining power. If you are able to negotiate a better deal and pay a little less for the property you are looking for, it simply makes the deal that much more affordable. Conclusion: You should be hoping for a market correction. Current homeowner with no plans to sell: The main reason we worry about a housing correction is the fear that it will erode our home equity and net worth. A significant amount of net

worth of Canadians is tied up in their home equity, which is the foundation for a lot of retirement plans – so there is obvious concern. But should there be? For the majority of Canadians, the plan is to stay in their current house for at least the next three to five years. So here’s a simple fact: equity is only gained or lost the day you sell. In other words, if the value of your house were to drop by 10 per cent tomorrow, you may feel anxiety over the drop in your net worth – but it would only be on paper unless you actually sold your house tomorrow. If you have no intention of selling soon and you can still afford your monthly payments, then all you need to do is sit and wait until the market bounces back – which it has always done for the past 100 years. Conclusion: A market correction may very well have zero impact on you. In the end, the headlines will continue to talk of impending market corrections. The key for you is to decipher one of three things: 1. Is this a real concern for you? 2. Is this an opportunity? Or, 3. A re you getting worked up about nothing? Bottom line: a lot of people will fret about this topic over the water cooler tomorrow morning – but the majority of them really don’t need to.

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 27

IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

We think finding a home is a lot more than simply finding the right property. Thatâ&#x20AC;&#x2122;s why we put you right in the middle of the search process.

Search your favourite neighbourhood

Find out about nearby services and amenities

View new construction projects and register to get the latest info

Visit the new real estate section on canpages.ca and start looking for that special place.

28 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

inthenews

Canadian Home Builders’ Association

honours leadership, accomplishment TOP

Eric DenOuden, right, First Vice-President of the Ontario Home Builders’ Association, accepts the Harry J. Long Memorial Trophy on behalf of the Building Industry and Land Development Association (BILD) Toronto, from CHBA President Ron Olson. BOTTOM

Karen Kinsley, right, President of Canada Mortgage and Housing Corp. (CMHC), accepts the Maple Leaf Award as the outstanding non-builder member for 2012, from CHBA President Ron Olson.

The R-2000 Builder of the Year Award, recognizing outstanding leadership in the construction of R-2000 homes, was presented to Steven Crowell of the Annapolis Valley HBA. The Riley Brethour Award, recognizing contributions at the national level in marketing and sales was presented to Jack Baillie of the Waterloo Region HBA. Executive Officers’ Council Awards

The Dave Stupart Award of Honour for the Executive Officer of the Year (full-time) went to The Canadian Home Builders’ Stu Niebergall of the Regina & Region HBA. The Association (CHBA) recently honoured award for the Executive Officer of the Year (partleadership and accomplishment among its time) went to Jan Field of the CHBA-Fraser membership with the presentation of awards Valley. at the 70th CHBA National Conference. The Ken McKinlay Award for excellence in The Beaver Award, presented to the communication for associations of more than 100 outstanding builder member of the year, went members went to Victoria Belbin of the CHBAto Rick Gratton of the CHBA-Calgary Region. Newfoundland & Labrador. The award for Karen Kinsley, President of Canada associations with fewer than 100 members went Mortgage and Housing Corp. (CMHC) won to Stacy Cooper of the Guelph & District HBA. the Maple Leaf Award as the outstanding nonThe Susan Chambers Award of Recognition builder member for 2012. for the initiation and development of non-dues Jane Morgan of the CHBA-Newfoundland sources of revenue was presented to Donna & Labrador won the prestigious Gordon S. Moore of the CHBA-Calgary Region. Shipp Award in recognition of leadership, dedication, and continuous lengthy service to the CHBA at the national level. The Colonel Boss Trophy, presented to the home builders’ association making the greatest progress and achievement compared to the previous year, went to the Regina and Region HBA. The Community Service Award for the betterment of the way of life of people in its community went to the CHBA of Central Nova. The Harry J. Long Memorial Trophy for the highest increase in membership was awarded to the Building Industry and Land Development Association (BILD) of Toronto. The Dave Bell Memorial Award for the promotion of education and training programs for members and consumers went to the CHBA-British Columbia. The Canadian Renovators’ Council Award for a significant contribution to the renovation industry and leadership within the Association went to Juanita Carhart of the CHBA-Sussex, New Brunswick. The William M. McCance Award for outstanding contribution to the home building industry in the technical area went to Thomas Cochren of the Hamilton-Halton HBA. apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 29

finances

Are you at risk

if interest rates rise?

To do a debt check-up, look at your current total monthly payments, and list them on the Debt Check-up worksheet available on FCAC’s website, itpaystoknow.gc.ca Here’s a new check-up to consider: the debt check-up.

This look at your financial health will help you determine whether you would be able to handle increased payments if interest rates go up. While those rates are now at all-time lows, they will likely rise some time in the future. “Canadians need to look at how much debt they are carrying, particularly in the amount of their mortgages, home equity lines of credit (HELOCs), personal lines of credit and variable-rate personal loans,” says Ursula Menke, commissioner of the Financial Consumer Agency of Canada (FCAC). For example, a couple with a 3.1 per cent variable interest-rate mortgage of $277,658 could see their mortgage payments increase anywhere from $72 per month (or $864 per year) if interest rates go up 0.5 per cent, to $145 per month (or $1,740 per year) if interest rates go up one per cent. To do a debt check-up, look at your current total monthly payments, and list them on the Debt Check-up worksheet available on FCAC’s website,

30 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

itpaystoknow.gc.ca. Next, talk to your lenders to find out how much your payments could increase if interest rates go up. Then, see if the total would still be within your comfort zone and, if not, consider your options, such as consolidating loans, to find ways to have more money available to repay debts and save for your goals. Other tips that might help you get out of debt are to stop using credit cards and look at ways to save money. Use your debit card or cash to pay for purchases, avoid buying that daily coffee, bring your lunch to work or take public transit. NC

finances

Building your best

financial future at every age

month, too. Or aim to pay financially. For example, perhaps you’ve graduated without any more than the minimum. debts because you decided to remain living in your parent’s home. And always apply any new Now you’ve got a couple of part-time jobs and you’re looking found money to your debt. to rent a place with a friend. Or maybe you have a lot of school During this decade also, try to debt, but you lucked out on a high-paying job and you rent a very put as much as you can afford expensive palace alone. For the first time, you’re in charge of into an RSP. You’ll really your financial decisions – and that can be overwhelming. appreciate it in your forties. Sometimes it’s easier to relax your discipline, but then this can lead to bad habits that can leave you feeling very financially Forty-something insecure in your thirties, forties and beyond. The experts at Now that your debt is under Desjardins Group have some great ideas on how to stay financially control, how are your savings? disciplined through every age. Did you put away as much as you could for retirement and for Twenty-something emergencies? If you have kids, Do you know where your money goes? By getting a handle on did you consider starting an your spending now will benefit you in the long-term. The best RESP for their post-secondary way to do this is to create a simple and flexible budget. Make education? If you were too a list of your income and expenditures like rent, groceries, utilities, focused on reducing your debt transportation, savings, fun and clothing. Also include a line for in the last decade, there’s still debt and for retirement savings. You might wonder why since some time to catch up. Speak retirement is decades away. But if you leave the money alone in with a financial advisor about a high-interest account, your money will grow thanks to setting up an education fund for compounding interest. your child and about the best strategies for building your Thirty-something retirement savings. You have more purchasing power now that you’re established in your career. But that means it’s easy to pack on the debt, too. For more information about Perhaps you’ve leased a car, you’ve taken a couple vacations, and these tips and to access maybe you’ve just had a really big wedding and a baby or two. If financial calculators, visit you were a diligent saver in your twenties, chances are you have Desjardins Group online a pile of cash put aside for that pile of bills on your desk. If the atdesjardins.com. NC. opposite is true, then it’s time to shut down the debt before it snowballs into your forties. Try to pay off your credit cards each Your twenties are a very exciting time of life,

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 31

IT’S NOT TOO LATE TO… DISCOVER EASTERN ONTARIO’S HOMETO… BUILDERIT’S NOT TOO LATE ONE STORY AT A TIME DISCOVER EASTERN ONTARIO’S HOME BUILDERONE STORY AT A TIME • Larger Format • Industry Insights by Eastern Ontario’s Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice

2013 Home Builders’Annual Now Available! Contact nashrun.kamaludin@wall2wallmedia.com 613.729.1221 to receive your FREE copy! homeTRADER and The homeTRADER & Design are trade-marks of Apax Partners LLP, used under license.

32 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

coverstory

small stylish

Bathroom by Evelyn Eshun | Photography by Larry Arnal

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 33

no matter how large or how

small your bathroom is, the basic elements which make a bathroom fabulous are the same. Cut Crystal Perfume Functionality, easy to clean, lots of storage, and Bottles in Small and Large. $19 to $24. of course, attractive. In this case, I had carte Visit chapters.indigo.ca blanche to design a bathroom for two very adorable little girls with the caveat that it had to be girly and timeless. When clients give me their wish list for the renovation plan of their bathrooms, they usually My two little clients have a tile or counter in were very happy with mind, that is more often their bathroom and the than not the jumping-off open storage in the point of the aesthetic plan of the space. This is a upper cabinet, which good place to start, since allowed them to it sets the tone for the display their favourite look, the feeling and the little trinkets colour of the bathroom. In this case, the client wanted Statuario marble for a countertop. Knowing this fact, it was easy to plug in the other elements which would make this small bathroom bright and fresh for the girls using it. Choosing the vanity colour or finish is key to creating the mood in the space. Stained and dark tends to be masculine, while white and light tends to be feminine. A perfect white was four-in. tile as my main tile and add a gorgeous mosaic and chosen for the vanity, one of my favourite whites, bullnose tile as an accent. In this case, we used a mosaic Benjamin Moore’s CC-20. You cannot go wrong which had glass and marble in a combination of smooth with white vanities in a bathroom – classic, and textured square. The sparkle added the perfect girly timeless and bright. The crystal knobs gave a touch the bathroom needed. finishing touch to the simple lined vanity. When it comes to the plumbing fixtures, we Paint colours in the bathroom should be often adore the sparkle of chrome or polished nickel in a light and non-obtrusive in order to allow the bathroom. Yes, you have to wipe the water tiles and stone to take centre stage. Getting stains away, but the sparkle is what imparts that finishing away from all the grey and blue which is the touch. I often like to use a cool polished chrome in a white, trend these days, I chose a soft blushy pink for more modern bathroom space, while polished nickel suits the wall colour. This imparts a warm glow over a more traditional bathroom with creamy finishes and the entire bath. stained vanities. There are no hard and fast rules in this When designing a bathroom on a budget, department – it is much like cooking; all the ingredients keep two things in mind: plumbing and tiling. have to work together in harmony, the tiles, floor, counter, Try to keep all the plumbing fixtures where they vanity, paint and plumbing fixtures. are, since moving them can really add dollars My two little clients were very happy with to the bottom line. Your tile budget can easily their bathroom and the open storage in the upper cabinet, explode – to keep this in check, I like to use a which allowed them to display their favourite little simple white porcelain three-by-six-in. or two-by- trinkets.

34 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

Toronto-based accredited Interior Designer, Evelyn Eshun, Principal of Evelyn Eshun Design. For more than 14 years, she is known for her custom designed residential projects throughout the GTA that showcase the space and bring out the best in you. evelyneshun.com

Tips Save on your budget by planning to keep the plumbing fixtures where they are, work with what you have and you will shave that bottom line. A banjo top behind the toilet will give you ample storage, it only needs to be 6-in. to 8-in. deep. Though brushed gold is the trend for faucets at the moment, choosing the classic polished chrome will give you a timeless look. As a bonus, it tends to be the most cost effective finish. Choose a dark coloured grout to avoid seeing dirt gather in the grout lines over time. When you do so, you create a more graphic look to your space, which can add to the design aesthetic. Keep in mind that it will take six to eight weeks to get through the process of renovating the average bathroom and it can cost $10,000 to $20,000 for the average bathroom renovation.

Supplier List à Vanity by: Selba Kitchens and Baths 905.660.1614 | selba.ca

Splurge on counters and plumbing fixtures. These elements will be put to the test daily. Install your mirror from the counter to the edge of the vanity and all the way to the ceiling or underside of the moulding. It will double your space visually and brighten up the space tremendously.

à Counter: Crown Marble 416.655.8255 | crownmarble.ca

à Tiles: Saltillo Tiles 416.441.2224 | saltillo-tiles.com

à Sconces: Union Lighting 416.652.2200 | unionlightingandfurnishings.com

à Wall Paint: B enjamin Moore : BM OC-71 apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 35

ottawa

hot sheet

Ottawa Eastern Ontario Gatineau Regions

ashcroft Homes Central Park • the next Live where downtown spirit meets community character. Where your prime location is your pathway to the best of Ottawa. Where bountiful greenspace blends naturally into your day. Where smart design shapes the experience outside and in. Where everything just clicks. The Next brings it all together – brilliantly. Smart condo living at the heart of Central Park. Starting at mid $200’s. Register now for VIP pricing at benext.ca Westboro • QWesT A stroll under the arches and along Sisters’ Walk will be enough to convince you of how greenspaces and good design make life beautiful at Q West. The Q West team’s inspired vision both preserves and enhances this landmark property. Just released, second floor terrace suites! Visit our model suite located at the corner of Richmond Rd. and Leighton Terrace in Westboro or call 613-221-5926 liveqwest.com CARDEL HOMES KoL CONDO • Blackstone New condos coming soon in Blackstone! We’re excited to bring a sleek collection of modern condos to, Kanata’s newest master-planned community, Blackstone. Featuring top-quality finishes in a contemporary building, KoL at Blackstone will offer the best of low-maintenance living. Register today to receive updates on this exciting new community. cardelhomes.com LONGFIELDS • Barrhaven New community coming soon in Barrhaven! Featuring new home design surrounded by greenspace with quick access to shops, services, recreation and schools. Register today to receive updates on this exciting new community, coming soon. cardelhomes.com Cartier wellington Gatineau • Cartier wellington New landmark exterior composed of metal, glass and masonry built to LEED ecological standards, contemporary architecture offers you energy efficient, ecological and innovative 14-storey modern structure. Windows engineered for thermal efficiency give abundant natural light in every living space. Already 50 per cent sold. Pre-construction pricing still in effect! cartierwellington.ca Construction Chabitat Gatineau • Les Vieux Moulins Splendid condos, condoclimat, designed for you by professionals. Come visit the sample unit at 14 - #2, des Alluchons Gatineau St., Gatineau (Aylmer Sector). chabitat.com DOMICILE BEECHWOOD VILLAGE • The Kavanaugh The Kavanaugh offers village life in the city: quaint but with cachet – and just minutes from Parliament Hill. Famed bistros and bakeries line a streetscape surrounded by greenspaces, bike paths and landmarks. 613-897-7873. thekavanaugh.ca Ottawa • HŌm Introducing HŌm, nestled beside Ottawa’s Little Italy and Dow’s Lake. Everything’s within reach – including the price. 613-728-7873. hombydomicile.ca wellington west • ONE3ONE one3one is at the centre of the urban, tasteful and cultural Wellington West. All units with access to a rooftop terrace, rear courtyard, guest suite, fitness room, yoga room and a party room/entertainment room. Pre-register online or call 613-728-7873. one3one.ca EQ Homes Carp • Village Walk Offering bungalow townhomes and bungalow semis. eqhomes.com Ottawa • Canal East Coming soon – 10 executive townhomes, by the Rideau by EQ Homes. Designed by Barry Hobin. Located on the corner of Greenfield and Montclam. canaleast.ca KEmptville • eQuinelle & The Legends at eQuinelle Offering: Single-family detached bungalows and condo apartments. A new adult-lifestyle bungalow townhome model is now open in the master-planned golf-course community of eQuinelle, 15 minutes south of Barrhaven. eqhomes.com Kanata • Fernbank Crossing Opening soon – Fernbank Crossing: a new master-planned community with parks and open greenspace within easy walking distance of shopping. Detached bungalows on 42- and 50-ft. lots, as well a limited release of semis. Site location, 5611 Fernbank Rd. Sales trailer location, corner of Tillsonburg and Terry Fox Dr. Contact: sales@fernbankcrossing.com eqhomes.com 36 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

Kanata • Foxwood Condo apartments. eqhomes.com Holitzner Homes CARP • HIDDEN LAKE The only large lot development in the West End, this private enclave features award-winning single-family homes, bungalows and two-storey homes built on spacious fully serviced sites surrounded by natural landscaped settings. Greenspace lots are also available with lake views. holitzner.com High street in Carleton Place • Highgate Two-storey homes and bungalows on 50- and 60-ft. lots, from 110- to 175-ft. deep. Pie shaped lots in a quite cul de sac and some lots backing onto greenspace. All homes are Energy Star qualified. Starting in the low $400’s. holitzner.com, sales office located at 139 Charlie’s Lane in Carp. 613-839-6675 or highgate@holitzner.com. Stittsville • Deer Run Final Phase now open – your last opportunity in Stittsville. Your choice of bungalows, main floor master homes and large two-storey homes on beautiful 46- to 50-ft. pie-shaped or wide lots backing onto greenspace. LA Group EAST OTTAWA • UPPER EAST SIDE Final block under construction, only 12 executive stacked towns remain. Prime parkside location still available. June 2012 occupancies. Call 613-747-8863. uppereastside.ca Kemptville • Kemptville Meadows Discover higher value at a lower price! Stacked townhomes from 1,138 sq. ft. from only $219,500. Due to overwhelming demand, Phase 3 is now also under construction! Ask about Zero Down Payment Program and Limited Time Bonus Offer! Come tour our Model Home. 206 Fir Lane, Kemptville. 613-366-2007. kemptvillemeadows.ca Lamb Developments OTTAWA • Gotham Coming soon to centretown. gothamottawa.com Larco homes Barrhaven • Longfields Innovative semi-detached and single-family homes in Barrhaven – models now open – watch for ads! larcohomes.com Central • huntclub • Solera Inventory Sale – save thousands. larcohomes.com OTTAWA • Accolade Larco presents Accolade, 23 Upscale Townhomes in Craig Henry form $385,000 Model homes now open! larcohomes.com Les Placements Riviere Gatineau Ottawa • the viu Ultra modern condominium opening. theviu.ca Linden Developments Distillery Warehouse • Authentic Lofts Warehouse inspired lofts, with industrial kitchens, brick walls and pioneering design to celebrate Ottawa’s industrial past with prices from the mid $200’s. Register now at distillerywarehouse.com to receive updates and an invitation to the VIP event. Downtown goes Southside! Call 613-793-5500. LONGWOOD Deevy’s Homestead Opening Soon • Kanata Adult lifestyle attached bungalow towns on Equestrian Drive in Kanata. Pre-register now. deevyshomestead.com or call 613-738-1349 for appointment. HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB We have a new adult lifestyle attached bungalow community coming up in Hunt Club. Coming soon: Adult lifestyle attached bungalows – for priority pre-pegister at: neighbourhoodsofhuntclub.com or call 613-738-1349 for appointment. ottawa • Sonia by the rideau New 70-unit condo in Ottawa East. e-mail d.greene@longwoodbuilders.com OTTAWA SOUTH • MONTAGE 36-unit condo building in Ottawa South. Sales centre now open and located at corner of Clementine and Ohio. Call 613-897-0044 or d.greene@longwoodbuilders.com

ottawa

BUILDERS: If you would like to include your new model home or site opening, email Nashrun.Kamaludin@wall2wallmedia.com. Please say you saw it in New Home & Condo Guide! MASTERCRAFT STARWOOD WEST CENTRAL • SOHO CHAMPAGNE Mastercraft Starwood’s SoHo Luxury Condominiums is pleased to announce its third Ottawa location: SoHo Champagne – just one block west of Preston St. Experience all the fine restaurants and boutique shopping that Little Italy has to offer and pamper yourself with a hotelinspired SoHo Luxury condo. Register today to get an invite to our spring sales launch. sohochampagne.com Ottawa • SOHO LISGAR New release of suites on the 12th to 15th floors. the ultimate hotel-inspired lifestyle in a designer condominium, in the heart of downtown. Call 613-798-7646. soholisgar.com Metric Homes Carp • Westlake South Estates Westlake Estates offers 22 estate lots on two to four acres on a private cul-de-sac and most lots are tree-covered. stittsville • deer run Metric 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, walk in closet in most bedrooms, open to below area, laundry mudroom on main floor. 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 Landsdowne • Minto A new world of possibilities is opening at the heart of Ottawa. Centrally located between the Rideau Canal and the beautiful Glebe neighbourhood, Minto@lansdowne is an urban oasis at the heart of a bustling city. An exciting collection of highrise suites and townhomes on sale this fall. Register today for our exclusive preview at: lansdowne.minto.com Minto/Canderel Westboro • UpperWest This 25-storey distinctive new residence offers stunning condos with the best views in Westboro. Located on the Ottawa River Parkway, UpperWest boasts dramatic, expansive views of greenery, water, the Ottawa skyline and miles of unobstructed scenery. Condo suites and townhomes on sale this fall – register now for an exclusive preview at: liveupperwest.com MONARCH CORP KANATA • BLACKSTONE Executive 46-ft. singles from $439,990. Two-storey townhomes from the high $200,000s. monarchgroup.net KANATA • Trailwest Executive townhomes from the high $200,000s. monarchgroup.net NEPEAN • STONEBRIDGE Ottawa’s award-winning golf course community. Luxurious singles from the mid $400,000s. Executive townhomes from the mid $200,000s. Stacked townhomes from the low $200,000s. Call: 613-692-9284 monarchgroup.net Phoenix Homes ALMONTE • WHITE TAIL RIDGE Small town feel with all the amenities of a big city and the largest lots available anywhere. Contact Liane McKinley 613-369-5842 settlers’ grant KEMPTVILLE • PHASE 6 Estate lots fully treed with mature maples, birch, spruce, pine and Tamarack Custom built homes starting at $430,000 and premium lots priced for an additional $5,000 to $40,000. 25 Heritage Blvd., Kemptville. admin@settlersgrant.com Twitter: SGHI1 Facebook: facebook.com/ SettlersGrantHomesInc. Wordpress: settlersgranthomesinc.wordpress. com/ settlersgrant.ca SPRINGCRESS WESTBORO • RAVENHILL COMMON 19 freehold towns, designed by Barry J. Hobin & Associates Architects Inc. Located two blocks from the heart of Westboro, open concept two- and three-bedroom homes from 1,360 to 1,930 sq. ft., with direct access from underground parking garage, two-storey galleries and open lofts, private rear terrace and roof top decks. Ravenhill Common,

hot sheet

Contemporary Brownstones, 450 Churchill Ave. North, one block south of Byron at Ravenhill Sales Centre and Model now open, entrance from 461 Edison Ave. corner of Ravenhill Prices from $599,400. ravenhillcommon.com Sales info: 613-825-0080 salesinfo@ravenhillcommon.com TALOS HOMES ARNPRIOR • RIVER RIDGE Single-family homes – sales centre located at 979 Shefford Rd., Ottawa. Saturday and Sunday from noon to 5 p.m. or anytime by appointment. 613-270-0777. taloshomes.com Beacon Hill • EUPHORIA TOWNS Freehold townhomes – sales centre located at 979 Shefford Rd., Ottawa. Saturday and Sunday from noon to 5 p.m. or anytime by appointment. 613-270-0777. taloshomes.com Carleton Place • HighGate Coming soon – single-family homes, both bungalow and two-storeys on 50- and 60-ft. lots. Talos will be keeping some popular models and introducing some new models to its lineup. Call 613-270-0777 or visit taloshomes.com to register. Richmond • Richmond Gate Coming soon – single-family homes, both bungalow and two-storeys. Talos will be keeping some popular models and introducing some new models to its lineup. Call 613-270-0777 or visit taloshomes.com to register. Tamarack Homes Leitrum • Findlay Creek Grand opening! Five new decorated townhome models in Findlay Creek Village. Call 613-247-0081 or visit tamarackhomes.com The slater Broccolini • The Slater • Condominium Amenities include fitness centre, lounge and dining room, terrace with hot tub and outdoor kitchen, theatre and games room. Suite features include standard kitchen islands, five-ft. glass walk-in shower, stainless steel appliance package, hardwood throughout, quartz counters, nine-ft. ceilings, views of the Ottawa River. Suites range from studio to twostorey penthouses with private terrace. Starting at $190’s. 199 Slater St. Ottawa. 613-230-0199 theslater.ca Uniform Urban Developments Manotick • Maple Creek Estates Stunning estate lot community with a close connection to the city – the best of both worlds. Two model homes open for viewing. Call 613-491-2277. Kanata • Richardson Ridge Single-family homes starting from $497,000. Sales centre located at the corner of Terry Fox Drive and Richardson Side Road. Call 613-853-4302. urbandale construction Kemptville • Equinelle New 44-ft. lots now released on the golf course. View our two model homes. urbandale.com Kanata Lake Visit our modern elevations model homes called the Horizon Collection. Singles and townhome models available for viewing. valecraft Homes Mer Bleue/Orléans • bradley estates New release of single-family homes and executive townhomes. New to Bradley Estates: nine redesigned models with full-brick fronts and stone skirts. valecraft.com WINDMILL DEVELOPMENTS OTTAWA • CATHEDRAL HILL CONDOMINIUMS Ottawa’s newest, most innovative condominiums are located on Sparks Street, west of Bay. With stunning views of the Ottawa River, Gatineau Park and Parliament Hill, these urban condominiums (targeting LEED Gold minimum) combine the vibrancy and convenience of downtown living with the calmness and serenity of a green oasis. For more information and to register, visit cathedralhill.ca or call 613-566-7010. Hintonburg • The Eddy The Eddy – six storeys of Green, urban condos built for life in Hintonburg. Featuring a shared rooftop social space, this is the hippest address in Ottawa’s hippest neighbourhood. The Eddy – by Windmill Development Group, Canada’s greenest developer. Pre-register now at theeddy.ca

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 37

homebuyers’help

Calculate your mortgage payments interest rate

amortization period

chart figure

example: 5%

25 years

5.82

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

125

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

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

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

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

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

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

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

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

38 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

monthly payment

Mortgage payment calculation chart %

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

3.00%

9.65

6.90

5.54

4.73

3.25%

9.76

7.02

5.66

4.86

3.50%

9.88

7.14

5.79

4.99

3.75%

9.99

7.26

5.91

5.13

4.00%

10.11

7.38

6.04

5.26

4.25%

10.23

7.50

6.17

5.40

4.50%

10.34

7.63

6.30

5.53

4.75%

10.46

7.75

6.44

5.67

5.00%

10.58

7.88

6.57

5.82

5.25%

10.70

8.01

6.74

5.96

5.50%

10.82

8.14

6.85

6.10

5.75%

10.94

8.27

6.98

6.25

6.00%

11.07

8.40

7.12

6.40

6.25%

11.19

8.53

7.26

6.55

6.50%

11.31

8.66

7.41

6.70

6.75%

11.43

8.80

7.55

6.85

7.00%

11.56

8.93

7.69

7.00

7.25%

11.68

9.07

7.84

7.16

7.50%

11.81

9.21

7.99

7.32

7.75%

11.94

9.34

8.14

7.47

8.00%

12.06

9.48

8.28

7.63

8.25%

12.19

9.62

8.44

7.79

8.50%

12.32

9.76

8.59

7.95

8.75%

12.45

9.90

8.74

8.12

9.00%

12.58

10.05

8.86

8.28

9.25%

12.71

10.19

9.05

8.45

9.50%

12.84

10.33

9.20

8.62

9.75%

12.97

10.48

9.36

8.78

10.00%

13.10

10.63

9.52

8.95

10.25%

13.24

10.77

9.68

9.12

10.50%

13.37

10.92

9.84

9.29

10.75%

13.50

11.06

10.00

9.46

11.00%

13.64

11.22

10.16

9.63

11.25%

13.77

11.36

10.32

9.80

11.50%

13.91

11.52

10.49

9.97

11.75%

14.04

11.66

10.65

10.15

12.00%

14.18

11.82

10.81

10.32

12.25%

14.32

11.97

10.98

10.49

12.50%

14.46

12.13

11.15

10.67

12.75%

14.59

12.28

11.31

10.85

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 39

Builder Name

Site Name

Prices

De t

Location

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

advertisers index

Page

WEST Arnprior

Campanale

Riverwood Estates

Carleton Place

Holitzner

High Gate

Carp

Holitzner

Hidden Lake

Kanata

Claridge Homes

Bridlewood Trails

From $200,900

14, 15

Kanata

Mattamy

Fairwinds

From $224,990

6, 7

Kanata

Mattamy

Monahan Landing

From $224,990

6, 7

Kanata

Monarch

Blackstone

Inquire

4, 5

Kanata

Monarch

Trailwest

Kanata

Phoenix

Fernbank Crossing

Kanata

Tartan

Trailwest

Kanata

Uniform Developments

Richardson Ridge

Kanata

Valecraft

Trailwest

From high $200's

Kemptville

Stanley Fields

Kemptville Meadows

From $219,500

Stittsville

Holitzner

Deer Run

Stittsville

Metric

Stittsville

Tamarack

x x

Inquire

From low $400's

Inquire

From high $200's

From $383,400

From low $300's

$497,000

Inquire

Arbourbrook Estates

Inquire

Jackson Trails

Inquire

Central Craig Henry

Larco

Accolade

From $369,000

Westboro

Springcress

Ravenhill Common

From $599,400

SOUTH Barhaven

Claridge Homes

West Pointe Village

Barrhaven

Holitzner

Fraser Fields

Inquire

Barrhaven

Larco

Longfields

Inquire

Barrhaven

Mattamy

Half moon Bay

Barrhaven

Tamarack

The Meadows

Inquire

Hunt club

Larco

Solera

From mid $600,000

Hunt club

Longwood

Huntclub Bungalows

Leitrim

Tamarack

Findlay Creek

Nepean

Monarch

Stonebridge

Nepean Richmond

x x

From $281,900

$219,990

14, 15

6, 7 BC 3

Inquire

16, 17

Inquire

4, 5

Monarch

The Links

Low $200's

4, 5

Metric

King's Grant

Inquire

South East Ottawa Tamarack

Findlay Creek

South Ottawa

Prince of Wales on the Rideau

Campanale

40 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

Builder Name

Site Name

Prices

De t

Location

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

advertisers index

Page

EAST Central

Valecraft

Aviation Private

Inquire

Cumberland

Metric

Camelot Estates

Inquire

Orleans

Metric

Notting Hill

Inquire

Orleans

Tamarack

Chaperal

Inquire

Rockland

Longwood

Morris Village

inquire

16, 17

CONDO Aylmer

Construction Katasa

Chateau Cartier

From $285,000

Barrhaven

Campanale

Longfields

Inquire

Brockville

Windmill Developments

The Wayfare

From $300's

Central

Ashcroft

Qwest/HotelRe/The Next

Inquire

Central

Claridge Homes

Fusion

Inquire

C16, C17

Central

Domicile

The Kavanaugh

Inquire

C15

Central

Gateway Homes

On Coronation

From mid $200's

C28

Central

Soho Parkway

Soho Champagne

Inquire

C18

Central

Soho Parkway

Soho Lisgar

Inquire

Central

Tega Homes

Rhombus

Inquire

C26

Downtown

Broccolini Construction

The Slater

From $198,900

Downtown

Lamb Developments

Soba

From $179,900

C19

Downtown

Richcraft

The Galleria

From $276,000

C13

Downtown

Urban Capital

Central 2/ Hideaway

Inquire

C10, C11

Downtown

Windmill Developments

Catherdral Hill

Inquire

East Ottawa

L.A. Group

Upper East Side

Inquire

C25

Hintonburg

Windmill Developments

The Eddy

Inquire

Orleans

Cardel

Notting Hill

From mid $200's

Ottawa Central

Urbandale Corporation

99 Parkdale

Inquire

C14

Ottawa West

Minto

Upper West

Inquire

C21

Ottawa West

Phoenix

Pointe West

From $221,600

C32

Ottawa west

Claridge Homes

Stirling Park

From $334,000

C16, C17

South Ottawa

Linden Developments

Distillery Warehouse

From $238,000

C12

South Ottawa

Theberge Homes

Alta Vista Ridge

From $199,900

C29

West Ottawa

Qualicum

Woods Crossing

From $169,900

C31

C27

apr 6 - 20, 2013 | New home & Condo guide eastern Ontario 41

Please see advertisers ads for Site locations

42 New home & Condo guide eastern Ontario | apr 6 - 20, 2013

Darling

almonte

west

North Gower

richmond

south

416

manotick

Vernon

russell

embrun

Iroquois

Morrisburg

east

rockland

Morewood

Cardinal

osgoode

greely

Kemptville

Nepean

smith Falls Merrickville

Vanier

Cumberland

orleans

CeNtraL gloucester

ottawa

hull

aylmer

gatineau

stittsville Barrhaven

Kanata

Carp

South Elmsley

Carleton Place

Bathurst

McNab

arnprior

gatiNeau

QueBeC

417

Casselman

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

401

Phase Two Coming Soon

Where town meets country

Nestled between Orleans and Blackburn Hamlet, minutes south of the Blackburn Hamlet bi-pass. Eastboro offers a perfect blend of country comfort and style with city amenities nearby. Surrounded by fertile farmlands and miles of country roads, this self-contained family oriented community features bountiful parks, a school, and a romantic promenade, all brilliantly integrated to create the perfect urban-rural balance. Get the home of your dreams, in a picturesque rural setting, with all the conveniences of city living nearby.

Sales Center located at

earLY occUpancY event Move Quick and get up to $15,000 in a Design Centre Bonus! Limited time only, see sales representative for details.

Upgrade YoUr Life!

ORlEANs 613-837-1511

BARRHAVEN 613-6 92-0 5 00

l E itR i m 613-247-00 81