Eastern Ontario New Home & Condo Guide -July 13, 2013 by NextHome

[ 4-week issue ] July 13 - Aug 10, 2013 Volume 13 Issue 13

Eastern Ontario Edition

Your Best Source for New Homes and Condos

Longfields station

From Vision

to Reality

inside this issue

CONDO LIVING AND THE SINGLE WOMAN

WHAT’S COVERED IN YOUR NEW-HOME WARRANTY?

THE REAL COST OF BAD MORTGAGE ADVICE

ere,

139 Charlie’s Lane Carp 613 839 6675

you can have character without compromise

Only twO hOmes left! One early Occupancy available. Enjoy a walk-out basement facing a beautiful pond. These elegant 2-storey homes and bungalows blend modern sophistication with pastoral surroundings for an uncompromising sense of luxury. From $514,900.

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

yOur last chance!

custOm hOme OppOrtunity

only one lot left to build your bungalow or single home. 613 839 6675

new Kanata development site! Two 50' x 123' lots available for a customized holitzner home. 613 839 6675

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

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

LIVE ON THE GREEN.

EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284

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

OLD WORLD CHARM. NEW WORLD LUXURY. BLACKSTONE · MODEL HOME

EXECUTIVE 46' SINGLES from $441,990 EXPERIENCE CENTRE: 110 Westphalian Ave., Ottawa 613.831.2619

BARRHAVEN COURTYARD TOWNHOMES from the low $300,000’s SEMI-DETACHED from the high $300,000’s LONGFIELDS · MODEL HOME

FIND YOUR HAVEN.

DESIGNER DECORATED MODEL HOMES TO VIEW. HOURS: Mon. – Thurs. 1pm – 8 pm, Fri.,Weekends & Holidays 12pm – 5pm

MONARCH COMMUNITIES

MONARCH, CANADA’S OLDEST AND MOST EXPERIENCED BUILDER.

EXPERIENCE CENTRE: 610 Kilbirnie Dr., Nepean 613.692.9284

mattamyhomes.com

It’s A Beautiful Day In Our Neighbourhoods.

Splash Park In Mattamy’s Fairwinds Community

Sunny days are always great when you live in a Mattamy home. The neighbourhood is bursting with colourful flowers and vivid greens. Neighbours are out for a casual stroll, walking the dog and playing in the parks or having a family walk or bike ride along the many paths throughout our communities. Children’s laughter can be heard daily at the playgrounds . Because Mattamy communities are master-planned, you’ll find many useful family features being enjoyed by everyone who lives there. If you don’t have lots of park spaces and ways to enjoy nature where you live, come on over and see why being outside is such a wonderful part of life in a Mattamy community.

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

BARRHAVEN

KANATA

Save Up To $20,000 On Select Townhomes Save Up To $26,000 On Select Townhomes & $40,000 On Select Detached Homes. & $40,000 On Select Detached Homes.

Save Up To $26,000 On Select Townhomes.

Townhomes From $242,990 Townhomes From $217,990 · · Detached Homes From $304,990 Detached Homes From $319,990

Townhomes From $239,990

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

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

Elev. ‘B’

Double Car Garage Home, The Marigold Corner ‘A’, 1,710 Sq.Ft., Was $381,990 Now $349,990 Includes: Granite Countertops In Kitchen And Hardwood Floors In Great Room.

Double Car Garage Home, The Tuxford ‘B’, 2,744 Sq.Ft., Was $504,990 Now $464,990 Includes: Granite Countertops In Kitchen, Hardwood Floors In Lieu Of Carpet On Main Floor And Oak Staircase.

Urban Townhome, The Bellshore ‘B’, 1,682 Sq.Ft., Was $290,990 Now $264,990 Includes: 3 Stainless Steel Appliances, Granite Countertops In Kitchen, Hardwood In Lieu Of Carpet On Second Floor And Ceramic Tile In Lieu Of Vinyl (Excludes Kitchen).

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

Iconic homes and communities

SALES CENTRE

SA L E S C E N TR E N O W OP E N 3699 Jockvale Road (near Stonebridge)

Contemporary living in Barrhaven, close to parkland and the Rideau River. SALES CENTRE

417

Elegant new homes in Kanata, designed by Barry Hobin. (613.853.4302) MODELS

416

Stunning Estate homes, minutes from Manotick Village. (613.491.2277)

Urban living in Westboro, close to the Ottawa River pathways.

View our communities at uniformdevelopments.com

U N I Q U E

B Y

D E S I G N

contents

July 13 - aug 10, 2013

volume 13 issue 13

cover story

p.20

campanale homes Longfields Station: from vision to reality!

vice-president, Wall2wall media

Jacqueline Hill

Sales Manager, Eastern Ontario

C22

C06

Paul Bimm

editor-in-chief, national real estate

Susan Legge art director

Bianca DiPietro editor

Wayne Karl contributing editors

Sara Duck, Elisa Krovblit, Lydia McNutt (on leave) sales co-ordinator, eastern Ontario

Nash Kamaludin

national account manager, mediative

Nicholas McDonald

regular features

Manager of production

Bala Gnanapandithan

Condo Insert | C01-C32

Production Co-ordinator

Spotlight on Condos: Your

guide to new condo communities in the Gatineau and Greater Ottawa Area 12 editor’s note C10 in the news

Canadian home prices not overvalued: BMO Economics

C12 in the news

Canada’s economic outlook closely tied to U.S. rebound

C22 make your move

How to prepare for the unexpected when moving by Dan Hopkins

C26 tarion report

What’s covered and what’s not in your new-home warranty? by Howard Bogach

C28 home smarts

Condo living and the single woman by Marnie Bennett

32 MONEY MATTERS

Are you financially fit? by Gail Vaz-Oxlade

34 mortgage minute

The true cost of bad mortgage advice

C24 fundamentally speaking

It’s never too early to begin your tax-planning by Wayne Karl

by Peter Kinch

36 hot sheet

Two pages of community previews and openings

community focus features C06 domicile developments The Kavanaugh on Beechwood a leader in sustainability

campanale Homes

Longfields Station: from vision to reality!

Dennis Ng

graphic designer

Viosa Barileva Published by

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.

4 beautiful model homes available for viewing

e d i t o r ’s n o t e

New home experience

Make wise choices and enjoy the process

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

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

Planning to buy new?

Now is a good time to buy a new home in Eastern Ontario, and here’s why

f you’re in the market to buy a home, you no doubt are paying attention to news about interest rates, the housing market and whether Canadian real estate is in for the proverbial soft landing or something more severe. Recent predictions, from various bodies, called for steep declines in sales and prices; the Organization for Economic Co-operation and Development went as far as to say Canadian home prices were 64 per cent overvalued. A bold claim, indeed. Such reports might spook even the most confident and well prepared homebuyers to wait – to see if any adjustment occured and prices came down. In the new home sector, as opposed to resale, however, prices are highly unlikely to come down at all. What’s affecting new lowrise home sales is not a slowing market, rather land supply, development charges and other issues specific to the home building industry. Tight supply and high demand means available new lowrise homes are snapped up quickly by consumers. You’re more likely to find a builder offering incentives on remaining inventory than you are discounted prices. If you’re financially prepared and well qualified, now is a good time to buy.

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

12 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

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 SOL

D D D D SOL SOL SOL SOL

D 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. • 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 $700'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

jul 13 - aug 10, 2013 | New home & Condo guide eastern Ontario 13

Imagine…

your new life begins here! • Fabulous MODEL SUITE. One-of-a-kind features! Must be seen! • Quiet location only ﬁve minutes from Downtown • Walk to Rideau River parkland, shopping and restaurants • Best value in the city!

Actual Photo of One Bedroom Model Suite with European Extenzo®Ceiling. Free Extenzo® Ceiling in next ten units sold.

350 Montgomery off McArthur www.SoniaCondos.com 613. 421.9736 SalesSonia@longwoodbuilders.com

M O N TA G E

Ready to Move In Now!

Model Suites Now Open Come home to Montage. Condominiums by Longwood. Just 5 minutes walk from Billings off Bank at Ohio. If you lived here, you’d be home by now.

www.montagecondos.ca 613.897.0044 SalesMontage@longwoodbuilders.com

MODEL HOME OPEN

of Hunt Club NEIGHBOURHOODS

NEIGHBOURHOODS of Hunt Club Adult Lifestyle Bungalows 613.738.1349 d.greene@longwoodbuilders.com longwoodbuilders.com/huntclub MODEL HOME NOW OPEN! DEEVY’S HOMESTEAD in Kanata Adult Lifestyle Bungalows 613.435.2155 c.gervais@longwoodbuilders.com deevyshomestead.com Pre - construction pricing. Act now! MORRIS VILLAGE in Rockland Single Homes / Bungalows 613.446.1506 SalesMorris@longwoodbuilders.com longwoodbuilders.com/morrisvillage Best value for growing families.

DORIMA Terrace Homes Tenth Line at Innes in Orleans 613.424.2901 • dorima.ca d.mcfee@longwoodbuilders.com Priced for First Time Buyers! Investors!

LONGWOOD MAKES DORIMA HAPPEN FOR YOU! with only 1% DOWN (as low as $2,100. Payments from $550 bi-weekly) You will also receive a CLOSING BONUS of $500 to cover lawyers fees AND $1500 for closing costs. *Some conditions apply. Visit Sales Ofﬁce for full details.

Quarter Century Builder

www. longwoodbuilders.com

Home sweet townhome. Traditional styling meets urban design in a special collection of townhomes and courtyard towns, exclusively for Longfields. Offering 10 floorplans and two garage styles, Cardel townhomes include developed basements and up to 2,137 sq ft of space with 3 bedrooms/2.5 baths. - Double car garage - Spacious front porches - Finished basements - 9' main floor ceiling

- 4 appliances included - Kitchen, pantry, island, breakfast bar, large windows - Many more customizable options

Contact Nicholas for more information: 613.424.6780, nicholas.karrandjas@cardelhomes.com

CONDOS + TOWNS

SINGLE FAMILY

CUSTOM HOMES

See why Cardel towns are some of the sweetest homes around. Visit us online for floorplans, community details and much more.

Built for real life. CARDELHOMES.COM

coverstory

Campanale Homes Longfields Station: from vision to reality!

ampanale Homes has been part of the Barrhaven community for decades, and brothers Tony, Rocco and Vince have worked diligently on site plan approvals in preparation for their fantastic new Longfields Station project. And now, Phase One of this more than 700-unit enclave in the heart of Barrhaven – featuring 64 executive townhomes, 32 terrace homes and 48 condo flats, plus the 47-unit condo apartment centrepiece – The Station is well underway. Starting this summer, fully-loaded executive townhomes are move-in ready. Two new models, The Porter and The Junction, will be open for viewing by the end of July, and the Grand Opening celebration is slated for mid August – but you can come in now and take a look before the rush! These gorgeous Energy Star-rated executive townhomes range from the low $320’s to mid $370’s, all with main floor hardwood and ceramics, central air, appliances, nine-ft. ceilings, 2.5 bathrooms, oversized prairiestyle windows, raised corner gas fireplaces, full garages, beautiful porches, big backyards, classic full front brick exteriors and many with spacious finished basement rec rooms. Located in the heart of Barrhaven, the surrounding area is complemented by schools, parks, shops, malls and all the services a family needs, plus fantastic transit opportunities. The Longfields Station Transitway is just steps away, on the other side of the green lanes of the network of bicycle and walking trails. “It’s a great area to move into,” says Vince Campanale, “and these homes also make great investment properties.” For example, the design named The Transit starts at $342,000 for 2,000 sq. ft., three bedrooms, 2.5 bathrooms, coffered ceiling, HRV and everything listed above. “It’s better 20 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

These homes are functional, priced affordable, condo fees are low, and models will soon be available to view! than the bank!” says Campanale. “We at Campanale Homes will manage your unit for you, too.” What a great deal – a brand new rental income property with built-in management. Terrace homes and condo flats are also under construction and sales well underway. These units’ prices range from the mid to high $200’s for 1,120 to 1,561 sq. ft. The Station features brilliantly designed and finished condo apartment flats ranging from 605 to 1,159 sq. ft. With an elevator, underground parking, lovely common areas, high-quality finishes, low fees and the possibility and convenience of ground floor professional services, it’s no wonder these units are selling briskly there, too. Conveniently situated on Longfields Drive between Woodroffe and Greenbank, these homes are surrounded by parks, schools and

Campanale Homes

Longfields Station

Location Barrhaven, Longfields Station housing type Executive townhomes 1,513 to 2,023 sq. ft.; Terrace homes and condo flats 1,120 to 1,561 sq. ft.; lowrise condo apartments 605 to 1,159 sq. ft. starting price From mid $200’s sales office 641 Longfields Dr. contact 613.440.3750 | campanale.com

sports fields, beyond the city’s congestion, but still be only minutes from Ottawa. Whether you drive, use public transit or ride a bicycle, you are close to arterial roads, transitway and beautiful bike paths. But tucked into this quiet space beside a forest, you’d never guess the city was so close, or that stores, restaurants, services and a Cineplex Odeon theatre were only a few blocks away. Besides great location, Longfields Station – like all Campanale Homes’ projects – also provides the terrific advantage of working with the Campanale team. Many previous customers buy second and third homes from Campanale because of the exceptional customer attention they’ve received. And what a great neighbourhood to raise a family in – with three schools within easy walking distance, South Nepean Park, Utman Park and the summer fun of the splash pads. These homes are functional, priced affordable, condo fees are low, and models will soon be available to view! Call 613.440.3750 or visit campanale.com. The sales office at 641 Longfields Dr. is open Monday to Thursday noon to 8 p.m., and weekends noon to 5 p.m. jul 13 - aug 10, 2013 | New home & Condo guide eastern Ontario 21

EXPERIENCE THE CAMPANALE DIFFERENCE ARNPRIOR’S PREMIERE HOME BUILDER WITH 2 HIGHLY DESIRABLE COMMUNITIES TO CHOOSE FROM Luxurious Homes from $335,535

LIM TIME ITED EX OFFER TOWENCUTIVE S FRO M

$199,9

* Hardw ood a n includ d Ceramic s ed!

Riverwood Estates on the Madawaska River. Final 7 homes for immediate or Fall occupancy.

Affordability and Functionality… Singles, Bungalows, Semis and Towns

Callahan Estates in the heart of Arnprior next to Jed Creek. Phase 1 now released. Attached homes from $199,900, Singles from $305,000. *See Sales Associate for details.

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Sales Office: 24 Wolff Cr., Arnprior 613-622-0033

Directions (from Ottawa): Hwy 17 West (Exit 180), left on Madawaska Blvd and follow the signs to Sales Centre. Hours: Mon-Thu: 11am-6 pm; Sat & Sun: 12-5pm. Prices and Availability subject to change without notice. E & OE.

www.facebook.com/CampanaleHomes

campanale.com Optimised for mobile devices

spotlight on condos Eastern Edition

July 13 - Aug 10, 2013

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

Quarry Glen

Quarry Glen offers everything you would expect from a gated community without the gate or the cost. A private, exclusive, oasis nestled within a mature Orléans neighbourhood. Safe, secure, convenient. With underground parking, beautiful landscaped grounds, transit, shopping and entertainment just a few steps away. Come view our show home today.

Gallery Suites, from $189,900

only 5% down. act now.

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• From $189,900 • 1-2 bedrooms and 1-2 bathrooms • Efficiently designed living space • Generous balcony • Choose from one of two different single-storey floorplans • Convenience of elevator • LEED® Certification reduces your energy consumption by over 30%

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spotlight on condos

Find the perFeCt Gallery Suite.

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ottawahomes.minto.com

QUARRY GLEN SALES cENtRE 850 Champlain, Orléans Monday-Wednesday 12-8 p.m. weekends & holidays 12-5:30 p.m. closed Thursday & Friday 613.696.3328

*Certain conditions apply. Subject to change without notice. E & OE

just launched!

luxury towns by domicile Architecturally bespoke homes beside Little Italy, steps from Dow’s Lake, and customized just for you.

Call us to tour these unique urban townhoms during construction, and see how 2600+ sq.ft. of space can be perfectly designed to suit you.

Urban condos by Domicile · 613.728.7873 · domicile.ca

spotlight on condos

Hello.

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

Panoramic. Panoramic.Lounge. Lounge.Space. Space. Imagine… an impeccably maintained rooftop lounge and terrace Imagine… an impeccably maintained rooftop lounge and terrace with all of the perks and none of the work. with all of the perks and none of the work. Now Now that’s that’s living. living. The The Kavanaugh—urban Kavanaugh—urban architecture, architecture, über über style. style.

• Construction underway • • Construction underway •

Visit our relocated Sales Centre featuring two fully furnished models Visit our relocated Sales Centre featuring two fully furnished models

spotlight on condos

Urban condos by Domicile • thekavanaugh.ca Urban condos by Domicile • thekavanaugh.ca 84/86 Beechwood Avenue • 613.868.7597 84/86 Beechwood Avenue • 613.868.7597

spotlight on condos C6

Domicile Developments’ Kavanaugh project a leader in sustainability

omicile Developments has specialized in urban infill projects for 37 years, making Domicile one of Ottawa’s leaders in building sustainable homes in walkable neighbourhoods with true urban character. Domicile’s philosophy of community conscious development informs all its designs and locations. The team works closely with community associations, the residents they represent, and local businesses to create new housing in established Ottawa neighbourhoods. In the Beechwood Village area, Domicile has collaborated extensively with the Quartier Vanier (Business Improvement Association) and with the Vanier Community Association. A $50,000 donation to restore Optimiste Park has been paid. In addition, donations from last summer’s Domicile-hosted block party have been added to the park fund. The Kavanaugh is indeed a unique project and is rapidly becoming the area’s hottest property. It boasts suites ranging from 604-sq.-ft. one-bedroom to

spacious 1,676-sq.-ft. two-bedroom designs. The suites feature state of the art stainless steel appliances, Energy Star refrigerator, dishwasher, gas cooktop, electrical wall oven and washer with stacked dryer. Suites also feature granite counter tops, USB kitchen outlet, Invisia grab bars in the bathrooms and nine to 10-ft. ceilings. Each suite is pre-wired with both Rogers cable and Bell’s Fibe fibre-optic cable. Owners will enjoy the all-season rooftop sunset lounge, furnished reception lounge and pet wash, not to mention “walkability” features such as an indoor bicycle repair and storage room. And charming Beechwood Village is just steps away, with abundant greenspace, kilometres of bike and walking trails, unique shops, trendy stores, restaurants galore and all the services you need. Bistros, bakeries, microbreweries,

Domicile Developments The Kavanaugh on Beechwood

Nothing beats the urban village lifestyle of a long-established community. Both the Rideau and Ottawa rivers are within walking distance, providing a natural oasis of calm right next to where you live. wine bars, cafés, specialty foods, grocery and drug stores, apparel, yoga lessons, books – you name it and the area has it. Nothing beats the urban village lifestyle of a long-established community. Both the Rideau and Ottawa rivers are within walking distance, providing a natural oasis of calm right next to where you live. Panoramic views, large balconies or terraces, nearby parks, riverside trails and the daily bustle of the street, provide the perfect blend of natural and sophisticated opportunities for the adventurous urbanite. It’s no wonder potential buyers lined up in the cold the night before units in The Kavanaugh were released, or that more than 75 units are already pre-sold. It’s a brand-new opportunity to live in one of Ottawa’s most vibrant and historic urban neighbourhoods! Among many accolades, take note that the City of Ottawa Public Health group has designated Domicile as a “Smoke-Free Champion” for making its last three projects, The Kavanaugh included, smoke-free.

To check out The Kavanaugh on Beechwood, visit thekavanaugh.ca, call 613.868.7597, or drop in to our relocated model suites and sales office at 84 Beechwood Ave., Monday to Thursday noon to 6 p.m., or weekends noon to 5 p.m. (closed Friday). To learn more about Ottawa’s urban infill specialists, tour Domicile’s informative blog at domicile.ca/blog, and visit domicile.ca

Location Ottawa housing type from 604-sq.-ft. one-bedroom to spacious 1,676-sq.-ft. two-bedroom sales office 84 Beechwood Ave. Monday to Thursday noon to 6 p.m., closed Friday, open weekends noon to 5 p.m. contact thekavanaugh.ca | domicile.ca blog: domicile.ca/blog

jul 13 - aug 10, 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

Now Available

THE PRIME SUITE COLLECTION

DESIGNED TO IMPRESS

SOPHISTICATED LIVING FROM $198,900 — PRESENTATION CENTRE AT 199 SLATER STREET (BETWEEN BANK AND O’CONNOR) THESLATER.CA 613.230.0199 MON & TUES 12-6 PM • WED & THURS 11-7 PM • FRIDAY 12-6 PM • SATURDAY 12-5 PM Sparks St.

MORE THAN AN ADDRESS

Queen St.

CENTRAL BUSINESS DISTRICT

Bank St.

Slater St.

O’Connor St.

Albert St.

CONDOMINIUM&HOTEL

spotlight on condos

Understated and elegant, The Slater is undeniably lovely, inside and out. The graphic black and white exterior is a nod to the streamlined genius of mid-century design. A bold black grid overlays clean white elements, evoking the iconic design of a well-known French fragrance, with all the allure and sophistication to match. The Slater is beautiful by day, but when the sun goes down, it’s nothing short of breathtaking. A series of glass boxes light up the darkness, creating geometric patterns of light, adding warmth and drama to the streetscape and illuminating the night.

inthenews

BMO Economics:

Canadian Home Prices Are Not Highly Overvalued A new report from BMO Economics

released recently challenged the notion that Canadian home prices are highly overvalued when compared to the price of renting a home. Recently a report from the Organization for Economic Co-operation and Development (OECD) claimed that Canadian home prices are 64 per cent overvalued. This has fuelled more debate over Canadian house prices, with much attention focusing on ownership versus renting, and whether or not someone in today’s market should opt to rent instead of buy. “We can confidently dispel the notion that Canadian home prices are egregiously overvalued versus rents, but they’re not cheap either,” says Robert Kavcic, senior economist, BMO Capital Markets. “ The report noted that on a national basis, ownership currently looks only moderately expensive versus renting. Using current market mortgage rates – around three per cent for a five-year fixed rate instead of posted rates – leaves valuations almost bangon their longrun norm.

C10 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

Gap in price between buying And renting gets smaller in Vancouver Kavcic noted that there are regional differences within the numbers: ›› On the west coast, Vancouver valuations have begun to compress from very elevated levels, though ownership still remains expensive versus renting. ›› In Calgary, both housing prices and rent prices are rising, so the gap is stable. Calgary’s market looks pricey, but well below levels seen at the height of the energy boom, and resurgent rent growth has helped offset recent price gains. ›› Toronto appears only slightly overvalued compared to historical norms, but not at all at prevailing three per cent mortgage rates. Notably, the city is miles away from the severe bubble conditions seen in the late 1980s. To Rent or Buy? “The decision to rent or buy is a very personal one and is determined by a variety of factors that need to be carefully weighed before taking the next step – whether for the short or long term,” says Laura Parsons, mortgage expert, BMO Bank of Montreal. “A mortgage for some can be seen as a type of savings plan, particularly if they view their home as a financial nest egg for their retirement years, as many Canadians do.” Parsons noted that those who choose renting over owning property should consider working closely with a Mortgage Specialist to build a more aggressive long term saving and investment plan, as they will not be able to rely on the value of a property to bolster their retirement savings down the road.

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inthenews

Canada’s economic outlook closely tied to U.S. rebound Canada’s economy is muddling along this year, but a better performance is expected in 2014 in line with a revived U.S. economy, according to The Conference Board of Canada’s Canadian Outlook: Spring 2013. Currently a softening housing market, downturn in commodity prices and ongoing government spending restraint is taking a bite out of Canada’s domestic economy. “Overall, Canada’s domestic economy is not expected to muster enough strength to get growth in real gross domestic product above two per cent this year,” says Pedro Antunes, director of national and provincial forecast. “Still, the stronger pace of U.S. growth expected in 2014 should help to lift spirits, resource prices, trade prospects and income here at home.” Some highlights from the report: ›› The Canadian economy is expected to grow by just 1.8 per cent in 2013. ›› In 2014, growth is expected to accelerate to 2.5 per cent, due to a strengthening U.S. economy in 2014. ›› Tightening of mortgage rules is having its intended effect of bringing the real estate market in for a soft landing – the national average price of a home is expected to fall by just 2.5 per cent this year and stay flat through 2014.

C12 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

Despite lacklustre growth in 2012 and 2013, Canada’s economic situation needs to be viewed in perspective, especially when compared with other developed countries. Business investment surpassed its pre-recession peak in 2012, employment and real wages continue to trend upward, and the trade picture is improving. The federal government’s tightening of mortgage rules is softening home sales activity and reducing new home construction. The slowdown in building should help rebalance the market and mute declines in real estate values. Following two years of strong growth, resource sector investment is waning because of the swoon in many commodity prices. Struggling to beat back deficits, the federal and most provincial governments have been in belt-tightening mode since 2011. Most governments cinched their belts even tighter in their latest budgets. Overall, little growth is expected in the public sector until at least 2016.

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makeyourmove

How to prepare for the

unexpected when moving M

Dan Hopkins is Chief Operating Officer, Two Men and a Truck Canada. twomenandatruck.ca

oving your worldly possessions involves a lot of organization, and if heavy items? Do you have a back-up there’s one thing professional movers understand, it’s to expect the plan for extra items in case you unexpected. In fact, that’s a major reason why many people choose to misjudge the size of moving vehicle hand over the task of moving to companies that do this every day. Some do-it- you need? What about plants? yourself moves go well; others end up unnecessarily stressful because those Hazardous liquids? Of course, there are specialty completing the work don’t anticipate potential glitches. Checklists are great, but every single move is different – and nothing beats experience for transferring items that require an unusual level of care – pianos, pool tables, grandfather household and other goods quickly, safely and efficiently. For example, if you move in the winter and it’s a snowy, slushy day, how clocks, artwork, antiques and the like. do you protect the floors from water/salt damage at both ends? What about The money you think you’ll save by not getting large items around hard-to-maneuver corners without marking walls? hiring a professional mover may end What if someone gets hurt? Do you know how to pack delicate items such as up being spent on repairs if these large lamp shades and glassware to eliminate shifting and potential breakage and valuable pieces are not handled during a long haul? What if the truck breaks down or gets into an accident correctly. Worse yet, irreplaceable items may be lost forever. halfway to your new home? And have you thought through Professional movers have resources to draw upon to anticipate and/or handle any number of unexpected happenings. Training is a great preventative unpacking at the other end? On your measure – when you shop for a mover, find out if and how the drivers and first night there, you will need bedding, moving people are trained. Ask whether they have a “Plan B” in case of toiletries, towels and some kitchen vehicle problems, and what you can do to be as prepared as possible when items. Do you have a plan that includes being able to find those things easily the packing/moving begins. As tempting as a DIY move may be, think through the consequences. Are and quickly? All of these considerations and you prepared to deal with the possibility of friends or family members not showing up on moving day due to illness or hurting themselves trying to move more are covered in the training that Two Men and a Truck franchisees take part in at what we call Stick Men University in honour of the company logo. Among the many things they learn is how to maneuver, wrap, pack and load items from big-screen televisions to china cabinets filled with breakables. If you do decide to move yourself, on the Two Men and a Truck website we provide moving tips, a moving checklist and even special things to consider for extremely large items. Give some thought to what might happen along the way and make contingency plans. And be realistic – hiring a professional mover can offer tremendous peace of mind and is money well spent.

C22 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

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fundamentallyspeaking

It’s never too early to begin your

tax-planning I

t’s mid July, summer has officially begun and many Canadians are planning or heading off on vacation. What a better time of year to be thinking about... taxes? Indeed, if “nothing is certain but death and taxes,” as several famous authors have waxed in various forms, Canadians have a curious way of preparing for the inevitable. While the deadline for contributing to one’s Registered Retirement Savings Plan (RRSP) for the previous tax year is March 1, and for filing a return April 30, many Canadians take it right down to the wire – especially on the first point. With the 2012 tax season now behind us and next year’s deadlines many months away, it may not seem like a great time to discuss tax planning. But it is. As many experts suggest, the best tax planning should begin during the year – not at tax deadline time. But, like death, perhaps Canadians just don’t like to think about taxes, viewing them as an equally unsavoury topic. How else would you explain that, looking at the bigger picture, we are seemingly even more short-sighted: personal finance and taxes are not subjects that are taught to any depth

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

in our public education system. David Chilton lamented this fact in his 1989 best seller, The Wealthy Barber. More than 20 years later, the challenge still exists – for Canadians of every age. Consider, for example: » A recent CIBC poll conducted by Harris/Decima shows that many Canadians across a wide range of ages say they do not feel financially prepared for their retirement. » According to a new TD Retirement Realties Poll, too many Canadians procrastinate in saving for retirement; 15 per cent plan to save for retirement for only less than five years before leaving the workforce. More than two-thirds (69 per cent) of retirees say, in hindsight, they should have saved for retirement for 25 years or more » A recent BMO study found that more than a third (40 per cent) of Canadians are unclear on the differences between an RRSP and a taxfree savings account. » If, like many Canadians, you believe that you pay too much tax, then taxplanning, and thinking of ways to minimize tax, should be a year-round task. Some suggestions, courtesy of a variety of sources: Meet with a financial advisor to devise your strategy, including plans to buy a home, reduce debt and save for retirement. Contribute to RRSPs regularly, even if smaller amounts throughout the year to avoid having to come up with a large lump sum at deadline time. Manage and budget your spending, to better control where and how you spend and identify opportunities to save. Remember that your finances are connected. Making progress on one aspect of your goals can lead to an opportunity to improve in others. Taxes are indeed certain, so planning to minimize what you pay, while maximizing your assets and developing the discipline to do both, is a sound strategy.

C24 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

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tarionreport

What’s covered and what’s not

in your new-home

warranty?

by howard bogach

There are many advantages to buying a new home: choosing your location, layout and appliances; selecting special finishes such as cabinets, carpets and kitchen counters; and taking advantage of efficient new building products – from heating systems to windows – that are designed to work better and last longer than ever before. When you purchase a new home, you get added peace of mind because almost all new homes in Ontario come with a builder’s warranty backed by Tarion. I say almost, because there are some exceptions to the types of homes that are covered by the warranty program. Let’s look at what homes are covered. Freehold homes Fully-detached, semi-detached or townhomes that are entirely owned by the homeowner fall into this category, as long as the home is a self-contained, one-family unit. It may be a home in a new subdivision or one constructed on a vacant or cleared lot. Condominiums These can be highrise, midrise or lowrise buildings, townhomes, semi-detached or detached homes in a condo community. In a condominium, the owner pays a monthly fee for the upkeep of the common elements, which are shared areas that include lobbies, parking garages and recreational facilities. Each unit has its own warranty coverage. Condos also come with a separate warranty that applies to the common elements of the building or community. While warranty coverage for your unit begins on the date you take occupancy, common element coverage takes effect when the condo is registered as a corporation. Contract homes When someone hires a builder to construct a new home on a property, this is called a contract home. Contract homes are generally covered by statutory warranties so long as the builder constructs the home from foundation to the finished stage. However there are reasons why a contract home may not be covered. For example, if you act as your own contractor or supply essential elements of the home, it could be classified “owner-built,” making it ineligible for coverage. 26 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

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

If you are considering having a contract home built, have your lawyer draw up a formal contract with the builder before beginning construction and make sure you understand whether any involvement you have in the building process will impact your warranty eligibility. Certain types of homes are not eligible for coverage under the statutory warranty. They include: • Owner-built homes • Homes built and previously occupied by the builder or by rental tenants • Homes built on foundations where the pre-existing foundation exceeds 40 per cent of the new home’s footings • Kit, modular or mobile homes (unless placed on a permanent foundation and installed by the vendor that sold the home to the homeowner) • Seasonal or log homes (unless they meet the year-round provisions of Part 9 of the Ontario Building Code) Condo conversions Condo conversions are condos that were previously used for other purposes, such as commercial properties, hotels, apartments or schoolhouses. With varying degrees of refurbishing and new construction, they are turned into condo units and sold to new owners. Condo conversions are currently not covered under the warranty program, but we are in the midst of studying the feasibility of extending coverage to these units. We are in the early stages of this review and expect to share the findings with the Ministry of Consumer Services later this year. Other types of condos There are also types of condominiums available – such as common element condominiums and vacant lot condominiums – for which coverage is not uniform. You can read more about these types of condos on Tarion’s website. If you are considering purchasing a common element or vacant lot condo, you should check with your lawyer and Tarion to ensure you understand your warranty coverage. If you’re unsure about whether your new home will qualify for warranty coverage, email ismyhomecovered@ tarion.com and include a copy of your contract/agreement of purchase and sale; the builder’s name; the homeowner/ purchaser’s name; and the municipal address of the home.

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homesmarts

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

Condo living and the

single woman by Marnie Bennett Every day, I meet intelligent, independent and motivated

women who are no longer waiting for the perfect partner before settling down: they’re taking the reins. According to the TD Canada Trust First Time Homebuyers Report released, nearly one-third of Canadian women will purchase their own first home. These women come from every age bracket and all backgrounds. Some are young women just starting out, while others, with a wealth of experience behind them, are looking for a place to call their own after divorce or widowhood. Thankfully, the old-fashioned stigma around being single has gone out the window. There’s no denying that, financially, double-income purchasers have an advantage: most single women aren’t prepared to spring for a giant house complete with a giant mortgage. But the great news is that the Ottawa market is just popping with incredible condominium options. New condos of every description – traditional, open-concept, townhome, loft-style – are available at a variety of price points. Many of today’s condos put emphasis on features that may have been overlooked by builders in the past – terrific closet space, for instance, more expansive kitchens and deep soaker baths. Security is a major concern for many single women. Condominiums can provide this in varying degrees, from buzzer systems to security cameras to 24-hour concierge service, depending on your personal comfort level. That’s C28 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

something that a traditional suburban home simply can’t offer. In accordance with your monthly condo fees, amenities may range from basic to over-the-top. Many women opt for condos with equipped gyms, allowing them to forego the cost of a gym membership and to work out in the comfort and safety of their own buildings. Party rooms are another popular amenity: by reserving these spaces for special occasions, a woman needn’t feel that she can’t entertain in large numbers because her living room is too confined. After a long day at work, most of us would rather not scoop leaves from the eavestroughs. A lot of single women – and men, too – are drawn to condos for the maintenance-free lifestyle they offer. Finally, condos tend to be situated in vibrant neighbourhoods and to attract people with similar lifestyles. After all, “single” isn’t a synonym for “isolated.” Condominium living offers the comfort of knowing you’re surrounded by neighbours and, at its best, provides a sense of genuine community. 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

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moneymatters

Are you financially fit? Most people are financially flabby. How fit are you by gail vaz oxlade

eople spend a lot of time worrying about what they eat, how much they weigh and how healthy their hearts are. According to Statistics Canada, life expectancy rose by almost 2.5 years for men and by almost 1.5 years for women between 1986 and 1996. But while we are all living longer and healthier lives, financial fitness isn’t always a reality. Only 30 per cent of Canadians follow a monthly budget, while just 40 per cent of us have a formal financial plan in place. Yikes! The fallout of all this inactivity (is it inattention or procrastination?) is that the realities of Canadians’ lives are a long way off their expectations. The CIBC Financial Health Poll conducted by COMPAS Inc., showed that 37 per cent of those who retired and then returned to work did so because they didn’t have enough money. What would they have done differently if they could do it all over? Well, 60 per cent say that in hindsight they would have started investing earlier and they would have saved more. Hmmm. More than just having enough money, our level of financial fitness reflects our ability to bring our current and future needs into balance. To have a balanced financial plan, you must set some realistic goals. Just as most athletes have specific goals towards which they consistently work, the key to financial fitness is to set achievable goals and consistently work towards them. What weighs most heavily on your

mind? Very likely there will be several issues competing for your limited financial resources. Do you want to accumulate a specific amount of money, eliminate your mortgage or pay off that new car? Weighing each of your goals against the others will help you to see which are the most important ones. There are no right or wrong answers at this point. Right now, you’re just laying the plan. Later, if you want to double-check it, you can ask your financial adviser to look it over and see what’s missing. Okay, it’s time to pick up a pen and get to work. ›› Make a list of everything you want to achieve ›› Make sure you’ve covered each of the seven areas of a financial plan ›› Prioritize your list

›› Pick two goals ›› Make sure your goals are realistic ›› Set some dates ›› Write it all down ›› Check your progress every six months

Having decided where you want to be, you need to determine where you are now so you can size up the gap. Complete a net worth statement to see just how balanced your finances are and update this statement annually. It is your scorecard of how much your efforts are paying off. Next, do a budget so you can see exactly where your money goes each month. Estimate how much you spend monthly, track your expenses for about three months, and revise your budget to reflect your actual expenditures. Don’t cop out and say, “Well I had unusually high expenses this month because...” Emergencies always crop up, and part of being financially fit is having a plan for dealing with those nasty little surprises. Now look at your income relative to your expenses. If your expenses seem too high, you can either cut back on what you’re spending or increase your income. ›› C onsider a part-time job to boost your earnings on a short-term basis. ›› I f you have extra space, think about renting a part of your home for extra income or sharing your home to reduce your living expenses. ›› C onsolidate bank accounts to save on fees. ›› B rown-bag it for a few months to trim your waistline and your budget. ›› S hare newspapers, magazines and books with friends and co-workers. ›› P ark the car. Having done your warm-up exercises – you’ve written your financial goals down in order of priority, completed a net worth statement and set up a budget – you now have to decide how to meet your goals. Let’s say you plan to start an investment program. You want to save

32 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

$25,000 over the next five years. If you’re looking at your budget and thinking, “There’s just no way!” maybe you need to adjust your time frame. Or perhaps you need to look at how you’re investing your savings. One rule of investing is the longer you have to reach your goal, and the more your money earns during that time, the less you have to set aside each year. If you haven’t already done so, establishing an emergency fund for large, unforeseen expenses or temporary job loss should be a priority. Ideally, your emergency fund should be able to support you for three to six months. If someone in your household shares the expenses, consider how long it would take him or her to find another job. Check over your accounts and make sure you’re getting the most for the least. There’s no point in paying for services that you’ll use only once in a blue moon. Little things like choosing a passbook option rather than receiving a statement can save you money. If you can reduce or eliminate your fees by maintaining a specific minimum balance, consider consolidating your accounts to reduce your costs. If maintaining a monthly balance is a problem, then you’ll have to compare individual service charges to choose the least expensive account for your purposes. Attracted to the “packaged” accounts? Take the time to compare the individual fees with the package costs to see if you come out ahead. The idea is to pay for only the services you’ll use. Now it’s time to look at your debt. Begin by eliminating credit card balances and consumer loans. Often people pay only the minimum required without realizing how much interest costs work against their overall plan. If you have several cards with high balances, consider a consolidation loan to reduce your interest costs. Does your card charge a high rate of interest? Transfer your balance to lower cost card. If you have only a small amount to work off, put your cards away until the debt is cleared. Once you’re debt-free, by all means take advantage of the convenience credit cards offer, but keep tight control of them and pay your balance off in full every month. Prepare for the risks of everyday life. The risks we seem to deal with quite easily are property insurance, car insurance, contents insurance. The risks we tend to overlook are those associated with our economic earning power. If you or your partner were to die or become ill or disabled and unable to work, would your family have the resources to meet their day-to-day needs? It’s a tough question to face, but the consequences of not facing it can be even tougher on your family. ›› Life insurance will protect your family’s standard of living if you die. ›› Disability insurance will provide you with an income if you cannot work due to illness or injury. ›› Critical illness insurance will pay you a lump sum if you are diagnosed with a specific illness. ›› Long-term care insurance will pay the bills should you (or other members of your family) need in-home or facility care. Don’t forget to do some retirement planning. The only one you can count on is you. Through means testing of pension and age tax credits, and reduction in senior’s benefits, the government is saying loudly and clearly “You are responsible for providing for yourself.” Thankfully, we still have Registered Retirement Savings Plans. Any money contributed to an RRSP remains taxdeferred until the funds are withdrawn. And since investments held in RRSPs also grow on a tax-deferred basis, they grow much more quickly than investments held outside an RRSP. Despite the fact that almost everyone should have a will and a power of

attorney, many people don’t. Some think their wishes will be carried out by a family member or that they do not have enough money to justify the cost of making a will. Others avoid a will because of their personal circumstances – marriages, divorces and accumulated children and stepchildren – just seem too complex to unravel. However, if you die without a will, trying to figure out who gets what, and when, can be a mess. And your estate may end up paying more in fees and taxes than it should, leaving less for your loved ones. Partnered? Have your wills drawn up together so that they reflect an integrated estate plan. Review and update your will every three or four years, especially when family circumstances change (weddings, divorces, births, and deaths all result in changes in family structure), your financial circumstances change, new legislation is implemented, or you change your province or country of residence. Financial fitness isn’t achieved overnight. It takes time, a sound plan, a strong commitment and, perhaps, a financial coach. If you are serious about taking control of your finances and about your independence, you too can become financially fit. Believe in yourself and in your own ability to take charge. Then just do it! See you in the winner’s circle.

Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

jul 13 - aug 10, 2013 | New home & Condo guide eastern Ontario 33

mortgageminute

The true cost

of bad mortgage advice by peter kinch I had a conversation with

a couple of clients recently that really bothered me. They started by informing me that they had been through a bankruptcy seven years ago but their credit had been squeaky clean since, and now they are ready to try and get back into home ownership. At first I winced at the thought they had waited for seven long years before reapplying for a mortgage when they could have easily qualified for one much sooner, but that wasn’t the worst of it. I asked if they had re-established

any credit over the past seven years, then braced for the answer: they both looked at each other and then back at me with that all-too-familiar “I’m not quite sure what you mean” look. As I feared, they were told at the time of bankruptcy that they would not be able to qualify for any credit for at least seven years. Now, they might not have actually been told this, Bankruptcy or bad debt but that is certainly the will remain on your credit impression they had. Here’s the bad part: I then record for seven years, had to explain to this nice but this is not to be couple that, although it is misconstrued to mean that quite admirable that they you will not qualify for had perfect credit for the credit for seven years. past seven years, they also

34 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

Peter is founder of the Peter Kinch Mortgage Team and the PK-Approved group of Dominion Lending Centres mortgage brokers across Canada, and he is co-owner of Pacific Bridge Mortgage Investment Corp. Feel free to forward any questions directly to Peter at pkinch@peterkinch.com

had not re-established any credit in that time, and from a lender’s perspective, that is the single most important component of deciding to lend again. In fact, most lenders will want to see that you have re-established two or three “tradelines” or sources of credit over the past two years, and that you have paid them diligently. This proves to a lender that your bankruptcy was an isolated incident and you now have the ability to manage your debt. So, what did this mean for the couple? After waiting patiently (based on poor advice), and doing absolutely nothing for seven years while waiting to apply for a mortgage, they now have to spend another two years re-establishing credit (such as a Visa, line of credit or car loan) before any prime lenders would look at a mortgage application. That’s nine years in total! If they had gotten the right advice from the beginning and established new trade lines – which they could easily have done within a month of being discharged – they would have been able to apply for a mortgage at fully discounted rates five years ago. Too many consumers who have experienced debt issues are not given this simple advice, so here it is in a nutshell: » Bankruptcy or bad debt will remain on your credit record for seven years, but this is not to be misconstrued to mean that you will not qualify for credit for seven years. » From the moment you are discharged, you may apply for credit from a variety of sources that will allow you to re-establish your debt and credit rating. These include: › A pre-paid or secured credit card (put $5,000 in a trust account as security and then get a secured card with a $5,000 balance). › Have a family member or friend act as a co-signor or guarantor to get a secured loan from a lender with you are the primary borrower.

› A car loan › An RSP loan » Your loans must report to one or both of the credit bureaus (Trans Union, Equifax) and the limits must be at least $2,500. Once you get new sources of credit, use them and pay them off. The purpose of these loans and credit cards is to prove to a future lender that you now have the ability to use credit responsibly. That means that credit lines must be revolving, not static. If you can show that you have reestablished your credit, then you may apply for a fully discounted mortgage from virtually any lender and even qualify for high-ratio mortgage insurance through Canada Mortgage and Housing Corp. With the right advice, anyone who has gone through bankruptcy can qualify for a new mortgage within two or three years. The same person, with the wrong advice, may need to wait as long as nine years for the same result. So, what’s the cost of bad advice?

jul 13 - aug 10, 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 Boulet homes Ottawa • aveia Sophisticated and private, AVEIA offers 60 Barry Hobin designed townhomes in a boutique style enclave in Orleans. Ideally located on a private road, with one main entrance and models that back onto a beautiful creek, Aveia homes have been inspired by the poetry of nature and feature 9 ft. ground floor ceilings, hardwood in the living and dining rooms and granite countertops in the kitchen. 1024 Old Montreal Road, Ottawa ON. marclincez@aveia.ca 613-834-8828. aveia.ca Braebury Homes Ottawa • Richardson ridge Newly designed luxury homes are nestled into an unparalleled community featuring exposed Cambrian Granite Shield and breathtaking views from each grand and expansive yard. Located minutes from the Kanata Centrum Shopping Complex, urban amenities and the 417. Nowhere else in Ottawa will you find such open space, natural character and stunning homes,all in one place. 103 Grand Mana Circle, Ottawa, ON. 613-297-9901. gwinch-braebury@bell.net. braeburyhomes.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 masterplanned 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

36 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

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 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 twostorey 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 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 isnow 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 homes in Barrhaven – models now open – watch for ads! larcohomes.com OTTAWA • Accolade Larco presents Accolade, 23 Upscale Townhomes in Craig Henry Only 3 townhomes remaining from $399,000! larcohomes.com Les Placements Riviere Gatineau Ottawa • the viu Ultra modern condominium opening. theviu.ca LEMAY HOMES Ottawa South • FINDLAY BY THE PARK New community offering an exciting collection of singles, bungalows & townhomes. Just a few steps to greenspace, park, recreational arena and soccer fields. Quick access to shops, restaurants and services. All homes are Energy Star qualified. Starting from low $300’s. Limited time bonus offer. 613-425-5255. maisonsLEMAYhomes.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 KANATA • DEEVY’S HOMESTEAD Adult lifestyle attached bungalow townhomes on Equestrian Drive in Kanata. Sales Office open on site. www.deevyshomestead.com or email c.gervais@longwoodbuilders.com Call 613-435-2155 for more information.

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! HUNT CLUB • NEIGHBOURHOODS OF HUNT CLUB New adult lifestyle attached bungalow community in Hunt Club. Decorated Model Home and Sales office now open. www.neighbourhoodsofhuntclub.com or email d.greene@longwoodbuilders.com or call 613-738-1349 for information. CENTRAL OTTAWA • SONIA BY THE RIDEAU New 70-unit Condominium Building in Ottawa East. Decorated Model Suite with unique European Extenzo Ceiling. www.soniacondos.com or email SalesSonia@longwoodbuilders.com or call 613-421-9736. OTTAWA SOUTH • MONTAGE 36-unit Condominium building in Ottawa South. Two Model Suites now open. Move in this spring! Located at corner of Clementine and Ohio off bank south of Billings Bridge. www.montagecondos.ca Call 613-897-0044 or d.greene@longwoodbuilders.com. ORLEANS • DORIMA TERRACE HOMES Perfect for the first time buyer or investor. Terrace homes off Innes at 10th line. For more information www.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. 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 hotel-inspired 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

hot sheet

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 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 two-storey penthouses with private terrace. Starting at $190’s. 199 Slater St. Ottawa. 613-230-0199 theslater.ca 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 Road. 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 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

jul 13 - aug 10, 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 | jul 13 - aug 10, 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 jul 13 - aug 10, 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 Almonte

Phoenix

White tail Ridge

From $343,500

Arnprior

Campanale

Riverwood Estates

x Inquire

Arnprior

Phoenix

Westhaven Gate

x Inquire

Carp

Holitzner

Hidden Lake

x Inquire

Kanata

Braebury Homes

Richardson Ridge

x Inquire

Kanata

Mattamy

Fairwinds

From $224,990

6, 7

Kanata

Mattamy

Monahan Landing

From $224,990

6, 7

Kanata

Monarch

Blackstone

Kanata

Monarch

Trailwest

Kanata

Phoenix

Fernbank Crossing

Kanata

Tartan

Trailwest

Kanata

Uniform Developments

Richardson Ridge

Kanata

Valecraft

Trailwest

Kemptville

L.A Group

Kemptville Meadows

x Inquire

Stittsville

Holitzner

Deer Run

x Inquire

Stittsville

Metric

Arbourbrook Estates

x Inquire

Stittsville

Tamarack

Jackson Trails

x Inquire

x Inquire x

x x

4, 5

From high $200's

From $383,400

From low $300's

$497,000 From high $200's

8, 9 11

SOUTH Barhaven

Claridge Homes

West Pointe Village

Barrhaven

Cardel

Longfields

Barrhaven

Larco

Longfields

Barrhaven

Mattamy

Half moon Bay

Barrhaven

Tamarack

The Meadows

Hunt club

Longwood

Huntclub Bungalows

Leitrim

Tamarack

Findlay Creek

Nepean

Monarch

Stonebridge

Nepean

Monarch

The Links

Richmond

Metric

King's Grant

x Inquire

South Ottawa

Campanale

Prince of Wales on the Rideau

x Inquire

40 New home & Condo guide eastern Ontario | jul 13 - aug 10, 2013

x Inquire

From $281,900

$399,900 $219,990

14, 15 18 3 6, 7

x Inquire

16, 17

x Inquire

4, 5

Low $200's

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

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Page

EAST Central

Valecraft

Aviation Private

x Inquire

Cumberland

Metric

Camelot Estates

x Inquire

Navan

Claridge

Spring Valley Trails

Orleans

Metric

Notting Hill

x Inquire

Orleans

Tamarack

Chaperal

x Inquire

Rockland

Longwood

Morris Village

x Inquire

16, 17

From $276,900

14, 15

CONDO Barrhaven

Campanale

Longfields

x Inquire

Brockville

Windmill Developments

The Wayfare

Central

Ashcroft

Qwest

x Inquire

Central

Claridge Homes

Fusion

From $261,000

C16, C17

Central

Claridge Homes

Waterstreet

From $192,000

C16, C17

Central

Domicile

The Kavanaugh

x Inquire

Central

Soho Parkway

Soho Champagne

x Inquire

C18

Central

Soho Parkway

Soho Italia

x Inquire

C13

Central

Soho Parkway

Soho Lisgar

x Inquire

C23

Downtown

Broccolini Construction

The Slater

From $198,900

Downtown

Lamb Developments

Soba

From $185,900

C19

Downtown

Richcraft

Brownstones

From $277,000

C22

Downtown

Urban Capital

Hideaway

From $219,900

C15

Downtown

Windmill Developments

Catherdral Hill

x Inquire

Hintonburg

Windmill Developments

The Eddy

x Inquire

Orleans

Brigil Homes

Petries Landing

x Inquire

C25

Orleans

Minto

Querry Glen

Ottawa Central

Domicile Developments

Hom

x Inquire

Ottawa Central

Minto

Landsdowne

x Inquire

C20

Ottawa Central

Richcraft

The Galleria

x Inquire

C11

Ottawa Central

Urbandale Corporation

99 Parkdale

x Inquire

C14

Ottawa West

Minto

Upper West

x Inquire

C21

Ottawa West

Phoenix

Pointe West

From $221,600

C32

South Ottawa

Great Wise Developments

Citi

Low $200's

C30

South Ottawa

Linden Developments

Distillery Warehouse

From $238,000

C12

South Ottawa

Theberge Homes

Alta Vista Ridge

From $209,900

C29

West Ottawa

Qualicum

Woods Crossing

From $170's

From $300's

From $189,900

C32 C4 C8

jul 13 - aug 10, 2013 | New home & Condo guide eastern Ontario 41

Please see advertisers ads for Site locations

42 New home & Condo guide eastern Ontario | jul 13 - aug 10, 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

Last Chance to Own in Grenwich Circle

Only 11 3 lots le� + 6 Inventory homes.

Central Park’s Grenwich Circle is an in�mate and exclusive enclave of highly cra�ed luxury homes. Be at Home where comfort meet quality, a�en�on to detail and privacy meets proximity to life’s many pleasures. www.Ashcroft-Homes.com

613-727-1887 1280 Merivale Road