Eastern Ontario New Home & Condo Guide - Jul 9, 2016

JULY 9 - AUG 6, 2016 VOLUME 16, ISSUE 13, FREE (4 WEEK ISSUE)

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EASTERN ONTARIO EDITION

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FEATURING

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spotlight on condos U INIU M COMM

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AT HOME WITH

comfort INSIDE THIS ISSUE

IS A SWIMMING POOL A WISE INVESTMENT?

THE CHANGING FACE OF HOUSING IN CANADA

WHAT’S IN STORE FOR OUR HOUSING POLICY?

*Based on $12,500 down payment at 2.59% 5 year fixed term. Price and specifications are subject to change without notice. Renderings are artist concept. E.&.O.E. **Select suites, see sales rep for details.

Own your own home for a lot less than you think from Ottawa’s trusted homebuilder for over 60 years

Take a bite out of summer

FREE A /C **

Infusion Terrace Homes by Minto Chapman Mills Barrhaven from

Avalon Encore OrlĂŠans from

$189,900

$184,900

$5,000 Design Centre Bonus OR $5,000 OFF base price PLUS 3 stainless steel appliances (fridge, stove, dishwasher)

$5,000 Design Centre Bonus OR $3,000 OFF base price PLUS 3 stainless steel appliances (fridge, stove, dishwasher)

+ FREE A/C**

+ FREE A/C**

tons of natural light

parking included

3 appliances included

Chapman Mills Sales Centre 4005 Strandherd Drive 613-823-1900 ChapmanMillsSales@minto.com

large balcony

Avalon Encore Sales Centre 2370 Tenth Line Rd (across from Southfield Way) 613-834-6400 AvalonSales@minto.com

NATURALLY BEAUTIFUL KANATA COMMUNITY EXTRAORDINARY MATTAMY OFFERS

KANATA Townhomes

From 279,990 $

Detached Homes

From $317,990

SALES CENTRE 7 Summitview Drive • 613-271-0636

ELEV. ‘B’

2-STOREY TOWNHOME, THE PRISTINE CORNER ‘B’ 1,752 SQ.FT. $321,990 INCLUDES: $15,000 AT DESIGN STUDIO, 3 STAINLESS STEEL APPLIANCES, AIR CONDITIONING, REC. ROOM READY, HEARTH AND HOME & BATH OASIS

SALES CENTRE HOURS

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

MODEL HOME HOURS

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

The Primrose II Model Home in Monahan Landing, Kanata

Up To $25,000 In Design Studio Credits Plus Amazing Included Features

Proud Partner of the Canadian National Track Cycling Team

30' HOME, THE PRIMROSE II ‘A’ 1,864 SQ.FT. $349,990

34' HOME, THE FERNHAVEN ‘A’ 1,744 SQ.FT. $349,990

INCLUDES: $15,000 AT DESIGN STUDIO, 9' MAIN FLOOR CEILINGS, REC. ROOM READY, HEARTH AND HOME & BATH OASIS

INCLUDES: $25,000 AT DESIGN STUDIO, 9' MAIN FLOOR CEILINGS, REC. ROOM READY, GLASS SHOWER ENCLOSURE, AIR CONDITIONING, NEXT STEP & BATH OASIS

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

Iconic Homes and Communities METICULOUS SITE SELECTION

CLASSIC, TIMELESS, WITH A TOUCH OF MODERN

UNIQUE, ARCHITECT DESIGNED HOMES

BOUTIQUE APPROACH TO HOMEBUILDING

BEAUTIFUL NEW HOMES IN KANATA

EXITING NEW FLATS IN KANATA

STUNNING ESTATE LOTS IN MANOTICK

STONEBRIDGE

Our Early Occupancy homes have already been built, or are nearly complete, and are available for those homebuyers wanting to move into their new home before the end of summer. We design and build each Early Occupancy home to the same exacting standards as all of our homes and extend our personal customer service to each of our homeowners.

EARLY OCCUPANCY HOMES AVAILABLE MOVE IN THIS SUMMER

VISIT OUR SINGLE-FAMILY AND TOWNHOME MODELS Sales Centre Hours Mon – Thurs: 12 – 7pm Fri – Sun & Holidays: 12 – 5pm 532 Kilspindie Ridge (via 3699 Jockvale Road) 613.491.1202

Sign up online to receive Community Updates and exclusive access to new releases!

uniformdevelopments.com

CAMPANALE HOMES HAS A LOT TO OFFER IN LONGFIELDS STATION!

YOUR NEW HOME IN BARRHAVEN IS CLOSE TO: LONGFIELDS BUS STATION • SOUTH NEPEAN PARK • AND SCHOOLS

URBAN TERRACES STARTING AT

Features Include:

$194,900

2 Bedrooms

• Two-Storey Homes with 1,131 to 1,280 sq. ft. of Total Usable Space.

• 6 Appliances Included!

Secure Yours Today. Limited Availability!

THE STATION CONDOS STARTING AT

Features Include:

$233,900

• An Elevator • Heated Underground Parking • Upgraded Interiors & Storage Locker

1 and 2 Bedrooms

12 Unique Designs Available!

EXECUTIVE TOWNHOMES STARTING AT

$342,900

Features Include:

3 and 4 Bedrooms

Wide Selection • Beautiful Contemporary Designs of Models Available!

• 9' ceilings on main floor • Only a few Townhomes remaining in Longfields Station

Model Home & Sales Centre 600 Via Campanale Avenue, Ottawa ON

613.440.3750

longfields@campanale.com

AN EXCEPTIONAL TOWNHOME OPPORTUNITY

NOW OPEN IN KANATA

NOW OPEN

*Based on mortgage amount of $224,990 amortized at 2.5% over 25 years paid in bi-weekly payments, plus $49.85 monthly maintenance fee. Mortgage lending rates and amounts may vary and subject to change without notice. Certain conditions apply. See mortgage lender for details. Prices, sizes and specifications are subject to change without notice. Rendering is artists concept. E.&O.E.

TOWNS

487

$

FROM ONLY

BI-WEEKLY!

S

Design your dream home Purchase a new Claridge home today and receive up to $10,000 in Design Center Dollars!*

Put your Design Centre Dollars to use Claridge is pleased to announce the launch of its new redesigned line of single-family homes across the city. In addition to a variety of luxurious features included with your new home, Claridge is giving you up to an additional $10,000* to spend at our design centre so you can design your home your way!

Combining top locations and exceptional value, we deliver the lifestyle you want, at a price you can afford.

View our new models Our newest set of 7 fully decorated single family model homes is available for viewing across the city today. Visit us at West Pointe Village (500 Peerless Street, Barrhaven), Summerhill (591 Summerhill St., Riverside South) and Spring Valley Trails (160 Esterbrook Drive, Navan).

*$10,000 design centre bonus on all singles and $3,000 on townhomes (new builds only)

Move in ready homes This summer Claridge Homes is kicking off the new season and the anniversary of our 30th year with our best offers yet. As Ottawa’s largest builder of homes and condominiums we have plenty of move in ready homes waiting for you across the city. Ready immediately, or in as little as 16 weeks, we have homes big and small that will fit your unique lifestyle.

HELSINKI II B (Findlay Creek)

RHAPSOdy (Riverside South)

Immediate Availability 2650 sq ft Single Home (Lot 148) Over $45K in upgrades $529,900 Now $519,900

Model Home Available Immediately 2085 sq ft Townhome (Block 18 Unit 10) Over $28K in upgrades Only $364,700

TRILLIUM 3 BEd (Barrhaven)

NEw LOTUS II (Orléans)

Available Jun 2205 sq ft Townhome (Block 12 Unit 62) $3K Design Centre Bonus Only $342,900

Immediate Availability 1135 sq ft Zen Urban Flat (Block A Level 1 Unit 7) Over $10K in upgrades $214,900 Now $199,900

QUEENSBy IV (Navan)

UNITy (Kanata)

Immediate Availability 1705 sq ft Townhome (Block 36 Unit 189) Over $60K in upgrades $363,900 Now $339,900

Immediate Availability 1875 sq ft Townhome (Block 10 Unit 53) Over $30K in upgrades $394,900 Now $388,900

THE MAJOR’S HILL (Hunt Club)

THE BREwER (Hunt Club)

Immediate Availability 1295 sq ft 3 Bed Condo Flat (Block B Unit 306) Only $372,900

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

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

moreStyle

contents JULY 9 - AUG 6, 2016 | VOLUME 16 ISSUE 13

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge DIRECTOR OF SALES, NATIONAL

Moe Lalani SALES MANAGER, EASTERN ONTARIO

Paul Bimm EDITOR

Wayne Karl

C06 ON THE COVER

22

Claridge Homes

ART DIRECTOR

Tammy Leung CONTRIBUTING EDITORS

Sonia Bell, Sara Duck (on leave), Elisa Krovblit, Jackie Marchildon, Lydia McNutt (on leave)

trending

024 Homebuying

SALES CO-ORDINATOR, EASTERN ONTARIO

026 Housing Policy

NATIONAL CIRCULATION MANAGER

6 financial homebuying tips Policy changes could key on Toronto, Vancouver

Sarah Khan

John Jenkins

PRODUCTION MANAGER

inspiration

Helen Pearce

Stirling Park Condominium a home with comfort

029 The Scoop

Dennis Ng

Condo Insert | C01-C20

advice

Spotlight on Condos

C04 Mortgage Advice

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

014 Editor’s Note 028 Mortgage Rates

PRODUCTION CO-ORDINATOR

Decor new, inspiration, style and more

by Aylssa Furtado

PUBLISHED Saturdays, 2016 Publishing Schedule:

C12 GOHBA Report

The changing face of housing in Canada

by John Herbert

C16 Home Smarts

Is a swimming pool a good investment for your home?

032 Advertisers Index

by Marnie Bennett

034 Neighbourhood Profile

+ online

property profile

C06 Richcraft

The Bowery – new and convenient opportunity

022 Claridge Homes

Stirling Park Condominium a home with comfort

Miguel Cea Mike Terentiev

3 steps to help first-time buyers get into the market

030 Hot Properties

035 What’s Online

GRAPHIC DESIGNERS

NEIGHBOURHOOD

HOME SEARCH

MORE +PHOTOS +VIDEOS +ADVICE +INSPIRATION +TRENDING

WITH

DYNAMIC MAPS

LOOK FOR THE CIRCLE

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

CIRCULATION Free distribution in select hightraffic street boxes, stores, banks, financial institutions and select condominium sales offices.

COPYRIGHT 2016 All rights reserved by Yellow Pages Homes Limited. Reproduction in any form is prohibited. Contents of this publication are covered by copyright and offenders will be prosecuted under the law.

TERMS Advertisers, editorial content and New Condo Guide are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E. EDITORIAL Submissions from interested parties will be considered. Email to susan.legge@ ypnexthome.ca. The views and data expressed by columnists do not necessarily represent those of the publication.

Please recycle this magazine! Yellow Pages NextHome participates in the Partners in Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over 2.5 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.

Editors’ Notes BARRHAVEN

SUSAN LEGGE Editor-in-Chief / Director of Content Yellow Pages NextHome Email: Susan.Legge@ypnexthome.ca Twitter: @SusanLegge

MORE PHOTOS ONLINE ypnexthome.ca/barrhaven

Get it in writing The saying “get it in writing” has never been more important 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.

Before you sign a contract, review it carefully with the builder. Ask questions.

Fully understand what it contains. 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.

Let us know how it goes. We’d love to hear from you!

Court ruling sets precedent

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

+ get social 14 YPNEXTHOME.CA

When the Ontario Divisional Court in June ruled in favour of the Hamilton-Halton Home Builders’ Association, over the Region of Halton, homebuyers and owners in the Eastern Ontario likely didn’t notice.

But perhaps they should have.

At issue was the Region’s heretofore practice of disproportionately charging new-home buyers who purchased smaller units, the same fee as larger units. The result? Additional strain on affordability.

“This will force the Region and other municipalities to take fairness and reasonableness into account,” Suzanne Mammel, executive officer at HHHBA, told New Home & Condo Guide. “A municipality will not be able

to negatively affect a specific group my collapsing charges into broader categories to ease administrative issues. It takes the issue of affordability, which is entrenched into provincial planning documents, and gives it weight relative to a regional or municipal policy decision.”

Translation? More and more people entering the new home market are buying smaller units, and until now in Halton, they were paying the same development charges as those buying larger, more expensive units.

While this development doesn’t apply to Ottawa, it sets an important precedent for similar situations facing other builder associations and municipalities.

Interact with us on social media: ypnexthome

THE

OWN A NEW VIEW URBAN CONDOS, FROM THE $300’s The Terraces at Greystone is a nine-storey LEED-candidate condominium featuring comfortable one, two, and two-bedroom plus den suites with expansive terraces and unparalleled views of the adjacent Rideau River. Come home to the convenience of condo living, where the city uniquely meets the great outdoors. With river access right in your own backyard, you can run, bike, kayak, canoe, and so much more! Live a connected urban lifestyle, inspired by nature.

LIMITED TIME OFFER BONUS LUXURY SPORTS PACKAGE WITH PURCHASE!

VISIT THE SALES CENTRE AT 175A MAIN ST. GREYSTONEVILLAGE.CA Renderings are Artist’s Concept. Prices and specifications subject to change without notice.

See Sales Representative for more details. E. & O. E.

ON A RIVERFRONT COMMUNITY

W in your

MORTGAGE PAYMENTS R A !

E Y FOR A CONTEST

This is an amazing time to purchase your Valecraft Home!

Celebrate Canada’s 150th birthday by us making your 2017 mortgage payments* Visit

valecraft.com

+

$20,000 DECOR BONUS Limited time offer at Aviation Private

for details and discover your community

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

JULY 9 - AUG 6, 2016 VOLUME 16, ISSUE 13, FREE

EASTERN ONTARIO EDITION

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

ER N UND O RUCT

T CONS

SAVE THIS SUMMER & TAKE ADVANTAGE OF OUR SPECIAL LIMITED TIME PROMOTION

SAVE UP TO $15,000 spotlight on condos

ON YOUR PURCHASE*

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FROM JUNE 1ST TO JULY 31ST, 2016

ARTHAUSCONDOS.COM | 613.909.3223 | SALES@ARTHAUSCONDOS.COM VISIT US AT OUR SALES GALLERY TO BENEFIT FROM THIS PROMOTION: 264 RIDEAU STREET, OTTAWA MONDAY TO THURSDAY: 12 : 00 PM TO 6 : 00 PM | WEEKENDS: 12:00 PM TO 5:00 PM (CLOSED ON FRIDAYS) *Offer limited to qualified purchasers of 2 bedroom units at ArtHaus Condominiums. Limited time offer that is subject to change and may be withdrawn without notice. Offer may not be combined with any other offers. Savings shall be applied as an adjustment on final closing. Ask sales representative for details. Valid for a new purchase only, from June 1st to July 31st. © DevMcGill All rights reserved 2016. Specifications are subject to change without notice. Rendering is artist’s concept.

Exclusive Listing Brokerage: TradeUp Real Estate Inc., Brokerage. Brokers Protected. E. & O.E. 2016.

A STREET FOR EVERYONE A CONDO FOR A FEW

Sales Centre, 223 Main St. at Hazel, 613.806.6246 Mon – Thurs 12pm – 6pm, Sat – Sun 12pm – 5pm CornersOnMain.ca

spotlight on condos

Everyone’s talking about the revitalization of Main Street, especially when it comes to the new development by Domicile. Construction is well underway and, as our track record proves, it is sure to be a resounding success. Visit the presentation centre today for a sneak peek of what the future holds for Old Ottawa East.

C3

Advice | MORTGAGE ADVICE

First-time homebuyers 3 steps required to get into the market

By Alyssa Furtado

MORE ADVICE ONLINE ypnexthome.ca/news/advice

PURCHASING A HOME will be one of the biggest investments you’ll ever make. If you’re just starting to look, there are a few steps you’ll need to take before you can buy a home.

Determine how much you can afford First, you have to determine what you can afford. Your affordability is based on your household income, your current monthly debt payments and the costs associated with owning a home (such as property taxes, heating costs, and condo fees).

A lender will also look at two ratios to figure out how large your mortgage can be. The first is called the gross debt service ratio. Your monthly housing costs for (principal and interest, taxes, and heating costs) shouldn’t be more than 32 per cent of your gross income. The second is called the total debt service ratio, which includes your housing costs as well as any loan expenses (such as credit card and line of credit payments, and car loans or leases).

This ratio shouldn’t be higher than 40 per cent of your gross income.

You also have to come up with enough money to make a down payment. You’ll need to have a minimum of five per cent. If you’re able to come up with a down payment of 20 per cent or more, you won’t need mortgage loan insurance.

And you should also have money saved for closing costs, which could be between 1.5 and four per cent of the purchase price of your property.

C4 YPNEXTHOME.CA

Dip into savings Once you’ve determined how much you’ll need, you’ll have to find a source for your down payment and closing costs, one of which can be your RRSP. Under the Home Buyers’ Plan, you can withdraw up to $25,000 from your RRSP on a tax-free basis as long as the funds have been in the plan for more than 90 days.

If you’re purchasing a property with a partner who’s also a firsttime buyer, you’ll each be able with withdraw $25,000.

Keep in mind that the money has to be paid back starting the second year after you make the withdrawal and you have up to 15 years to repay the amount. If you don’t make an annual payment, you’ll have to declare it as taxable income on your tax return for that year.

If your RRSPs or other savings aren’t enough, your family may be able to help you. In fact, an April 2015 BMO survey found 42 per cent of first-time buyers expect their parents or relatives to help pay for their first home.

Shop for a mortgage It can pay to shop around. If you and your partner go with the first mortgage rate you find, you could end up paying a lot more.

Let’s assume the following: you plan on buying a $500,000 home with a $400,000 mortgage, your amortization period will be 25 years, and you have a five-year fixed rate of 3.5 per cent. That means your total mortgage payment will be $1,997 a month.

But if you do a little research, you could save some money. If you’re able to get a mortgage with a fiveyear fixed rate of 2.5 per cent, your payments will be $1,792, a difference of $205 a month or $2,460 a year.

That’s why you should look for the best mortgage rates.

You need to be ready financially before you’re able to purchase a property. Knowing what steps are involved to become a first-time homebuyer will allow you to start your search for buying a home.

Alyssa Furtado is the founder and CEO of ratehub.ca, a mortgage rate comparison site that aims to empower Canadians to make smart financial decisions.

DOWNTOWN LIVING RICHCRAFT STYLING

A STATEMENT THAT YOU’VE ARRIVED

NOVEMBER 2016 OCCUPANCY 255 BAY ST. Presentation Centre, 136 Bank St. 613.695.7577

spotlight on condos

Walk through the charismatic entrance doors and you’ll discover The Bowery’s sleek Lobby and Lounge.

thebowerycondos.ca C5

Property Profile | RICHCRAFT

condo cover story

THE BOWERY

spotlight on condos

WHERE OLD MEETS NEW AND CONVENIENCE MEETS OPPORTUNITY

C6

NOTHING BEATS LOCATION, and Richcraft’s The Bowery Condominium and Lofts epitomizes location and sophistication. These chic condos and lofts offer a brand new location for urban professionals, retirees, and anyone looking to be in the heart of the downtown core.

New York City pizzazz meets Ottawa panache in this 18-storey building located at 255 Bay St. Inspired by the post-industrial revivalist architecture of Bowery Street back when it was lined with grand theatres, soaring banks and fashionable shops, The Bowery Condominiums and Lofts is a remarkable palette of different materials, just like the Bowery of its day. The Bowery, with its cosmopolitan street presence, commands attention.

The Bowery will offer a superb selection of modern suites and amenities, including a party room and a fitness centre.

The hot selling feature is, by far, the stylish rooftop amenities, which will be some of the city’s best. With sweeping cityscape

Location

255 Bay Street Builder

Richcraft Development

Centretown Home Type

Condos and lofts Sales Centre

136 Bank Street, open Monday to Friday 11 a.m. to 6 p.m., Saturday and Sunday 11 a.m. to 4:30 p.m.

Contact

613.695.7577 thebowerycondos.ca

views, a pool and a lounge area, this will be the place to spend your summer days and evenings. The Bowery’s sublime rooftop pool is the ultimate invitation to indulge in relaxation or have a little fun. The natural sunlight streams in through the floor-to-ceiling glass wall looking out to the outdoor lounging deck with barbecues.

At the Bowery, the fun doesn’t stop on the roof. Hit the streets and explore the neighbourhood, feel the downtown vibe and intimate atmosphere of an old, historic community. You can live mere steps from Bank Street, the Ottawa River, Sparks Street Mall, parks, bars and restaurants. Stroll Parliament Hill, skate on the Rideau Canal – a World Heritage Site, and be close to museums and iconic architecture. You can walk to some of the city’s best shopping and dining. You’ll soon understand what makes The Bowery one of Ottawa’s hippest new addresses.

The Bowery is steps away from LeBreton Flats, which is currently undergoing a major redevelopment.

The expansive space will be home to one of the major Light Rail Transit (LRT) stations and the Ottawa Senators’ arena, among many other convenient shops and local restaurants.

This new landmark is the creation of Richcraft, which is known for quality construction, quality materials and excellent customer care. Get enduring value with your trendsetting home and enjoy the urban lifestyle in the centre of things – starting at only $193,000. All suites come with four European stainless steel appliances, washer, dryer, hardwood throughout, and quartz countertops. Buy now and take advantage of the summer bonus offer: receive an upgraded design package or opt for no condo fees for a year plus a storage locker.

The Bowery is a place that speaks to you and your unique take on life.

A place that lets you live and play by your own rules. A great Centretown address at the heart of a vibrant capital metropolis humming with intellectual debate, world-class museums and stunning nature. Call or visit the presentation gallery for more information.

JUL 9 - AUG 6, 2016 | NEW HOME & CONDO GUIDE EASTERN ONTARIO C7

* E !

F Y V O DA OF M O 0 T 0 IN ,0 UP TO

2 6 $

spotlight on condos

DEVELOPER’S FINAL INVENTORY

C8

SPRING SALE JUST 30 24 SUITES REMAIN! SUITE

BEDROOMS

SQ.FT.

PRICED FROM

SPRING SALE

LOFT 14

STUDIO

433

$229,900

$206,910

LOFT 8

STUDIO

497

$264,900

$227,814

SOLD

LOFT 01

1 BED

587

$303,900

$273,510

SOLD

LOFT 10

1 BED + DEN

648

$323,900

$291,510

SOLD

LOFT 11

1 BED + DEN

751

$355,900

$320,310

SOLD

LOFT 11

1 BED + DEN

751

$371,900

$334,710

LOFT 7

2 BED

922

$453,900

$408,510

LOFT 208

2 BED + DEN

1,300

$619,900

$557,910

224 LYON ST. (AT GLOUCESTER ST.)

MON-WED 11-5PM | SAT+ SUN 12-5PM | THURS + FRI APPOINTMENT ONLY

*Based on a promotional discount of the current purchase price of the suite. Exclusive Listing: Brad J. Lamb Realty Inc., Real Estate Brokerage. Brokers Protected.

Renderings are an artist’s impression. All prices, sizes and specifications are subject to change without notice. E.&O.E.

spotlight on condos

C9

Live at Stirling Park for as low as $900/month!* At home with comfort Stirling Park is the perfect spot for your refined lifestyle. Whether you’re starting the next chapter in your life or looking for your first home, Stirling Park provides the comfort and convenience you want starting from $247,000.

spotlight on condos

330 titan Private 613.224.0330

C10

www.claridgestirlingpark.com

*Exclusive with desjardins based on purchase price $247,000, 20% down, interest rate of 2.64% for 53 months, 25 yr amortization. Prices and specifications are subject to change without notice. E.&O.E.

moreValue

Move-in ready units. up to $10,000 in designer finishes included! sTIRLInG PARk | MERIvaLE Now occupying! 1 & 2 bedroom units starting from $247,000 330 Titan Private, Unit 107, Ottawa 613-224-0330 WATERsTREET | LOwERtOwN Now occupying! studio, 1 & 2 bedroom units starting from $195,000 316 Bruyère Street, Unit 112, Ottawa 613-680-6560 CLARIDGE PLAZA 3 | RIdEau stREEt Models now open! Move-in ready 1 & 2 bedroom units starting from $311,000 244 Rideau Street, Ottawa 613-241-3235 File is half size FINAL: 48” x 48”

CLARIDGE PLAZA 4 | RIdEau stREEt Now occupying! studio, 1 & 2 bedroom units starting from $230,000 244 Rideau Street, Ottawa 613-241-3235

fusIon | LEBREtON fLats Models now open! Move-in ready 1, 2 & 3 bedroom units starting from $288,000 300 Lett Street, Ottawa 613-232-2049 TRIbECA | dOwNtOwN MEtcaLfE Models now open! Move-in ready 1 & 2 bedroom units starting from $351,000 56 Nepean Street, Ottawa 613-234-1780 TRIbECA EAsT | dOwNtOwN MEtcaLfE Now occupying! studio, 1 & 2 bedroom units starting from $245,000 56 Nepean Street, Ottawa 613-234-1780

moreChoice

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

THE LofTs AT TRIbECA | dOwNtOwN MEtcaLfE Now under construction! 1 & 2 bedroom units starting from the mid $400s Includes underground parking 56 Nepean Street, Ottawa 613-234-1780

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

moreStyle

spotlight on condos

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

C11

Advice | GOHBA REPORT

The changing face of housing

By John Herbert

CANADIANS OFTEN talk about the accelerating

pace of change in today’s world and speculate about where it’s all going to end. The integration of mobile phone technology and computers is probably the best example to date, and the next big one could well be driverless cars.

Although these advances bring greater convenience and efficiency, they also confirm the “law of unintended consequences” by generating social change with the long term impact not always readily apparent. We can easily see the immediate benefits of a technical advance in speed or power, but the social impacts may not become apparent for years or even decades.

There have been some dramatic changes in Ontario’s housing system over the past few C12 YPNEXTHOME.CA

decades, and the implications on our society are only now being recognized as profound and quite disturbing. Most major news services include at least one article a day on the affordability crisis facing Canadians, as if this was a new phenomenon. The federal and provincial levels of government are finally talking about the problem, but it has now become so complex there are no easy answers.

Housing is such an integral part of the Canadian fabric that changing any single factor can send financial ripples from coast to coast.

Over the past 10 years, the national, provincial and local home building associations across Canada have dedicated a vast amount of time and resources to try and draw the attention of elected officials at all three levels of government to the rapidly accelerating affordability crisis, with limited success. Not only have some governments such as that in Ontario been unable to grasp the problem, but they have worsened it by constantly …continued on page C14

ABOVE

In Vancouver, limited available land and strong demand have created a serious housing shortage.

spotlight on condos

C13

LEFT

In Toronto, provincial government policy restricting the supply of land has limited construction of lowrise homes and driven up prices. …continued from page C12

adding new, inappropriate and expensive requirements.

So what have industry experts been telling elected officials for more than 10 years? There are many factors that affect affordability, some more so than others, but we can say with certainty that anything which restricts supply in the face of continuing demand will result in price increases. Restrictions in supply can be the result of geography or government policy. Vancouver and Toronto are the two most obvious examples of this.

Vancouver is confined by the Pacific Ocean on the west and south, and the mountains on the east, so its ability to grow efficiently is severely restricted.

In addition, the demand for housing at almost any price being driven

by Chinese investors has created a serious housing shortage, resulting in significant price increases – 30 per cent in 2015 alone. In Toronto, the housing shortage has been driven by environmental policy at any cost.

By implementing a greenbelt and continuing to expand it, government policy has restricted the supply of land. This has limited the supply of all lowrise housing types and resulted in dramatic ongoing price increases for this housing form. Residents must increasingly opt to buy housing types such as small highrise condos because that is all they can afford.

Similar developments have occurred in other jurisdictions, such as Ottawa, where a greenbelt has existed since the C14 YPNEXTHOME.CA

mid 1950s, resulting in artificially high housing prices relative to demand. This was exacerbated in 2003 when the City adopted a policy of intensification.

This immediately restricted the supply of land and has since increased suburban land prices by 300 per cent.

At the same time as government policy has been restricting housing supply, it has also implemented dramatic tax increases. Since the late 1980s, government tax on a new home has increased from about three to 25 per cent. All three levels of government have participated in this tax increase. At the federal level, it was the introduction of the GST. At the provincial level, it was introduction of the PST and Land Transfer Tax. At the municipal level, it was the introduction of Development Charge taxation. DCs were designed to shift 90 per cent of the cost of new infrastructure away from property tax payers at large, and focus it solely on new-home buyers.

In Ottawa, the average price of a new starter single-family home is about $450,000, of which $110,000 is tax in one form or another.

The problem that federal and provincial governments now have, is that most of this tax revenue is being spent on important social programs such as health and education. It is therefore highly unlikely that they would willingly reduce taxes on new housing, because in order to do so, they would have to decrease social spending or increase deficit spending. Municipal governments face a similar dilemma; if they were to

reduce development charge taxation, they would have to either reduce infrastructure spending or revert to the original system of charging all property tax owners a little more and risk their ire come the next election.

What all of this means for the millennial generation is that homeownership levels in Canada have likely peaked, and will now trend downward as demand for rental housing increases. Historically low interest rates have masked the affordability crisis for years, but even those are no longer sufficient to maintain the illusion. As we move forward, increasing numbers of millennials will become long-term or lifelong renters because salaries have not kept pace with new home price growth. Increasing numbers of millennials will retire without the benefit of having built equity in a home, and will have to increasingly rely on government support as they age.

There is a certain irony in the Ontario government’s recent push to have the Trudeau government expand CPP on the grounds that it would strengthen Canadian’s future retirement prospects while at the same time taxing them in much greater amounts through new home purchases.

MORE ADVICE ONLINE ypnexthome.ca/news/advice John W. Herbert is executive director of the Greater Ottawa Home Builders’ Association. He can be reached at 613.723.2926, ext. 224, or visit gohba.ca

spotlight on condos

C15

Advice | HOME SMARTS

Swimming pools A cool choice or just another way to get soaked?

ENJOY MAKING A SPLASH!

If you’re eager to move forward, here are some things to consider:

1

Inground pools offer more visual appeal, prestige and room to swim; above-ground models are more affordable and far easier to remove.

By Marnie Bennett

AS I WRITE THIS, Ottawa is finally

enjoying the summer sun! There are those of us who beat the heat in the comfort of our air conditioned homes and then there are the lucky ones who enjoy splashing around in an inviting backyard pool. Which begs the question: Is installing a swimming pool a sound investment?

I’ll give you the bad news first.

From a purely financial standpoint, I’m afraid the answer is “probably not.” As desirable as a swimming pool seems during the dog days of summer, I can tell you that many buyers perceive pool ownership as a bigger hassle than a perk. Homes with pools often take longer to sell, because they eliminate some potential buyers right out of the gate. While pools may be the norm in the wealthiest neighbourhoods, and in warmer climates, this isn’t the case in typical Ontario communities.

According to the Appraisal Institute of Canada, you’re not likely to recover more than 25 per cent of the money spent on pool installation when you sell your home.

C16 YPNEXTHOME.CA

MORE ADVICE ONLINE ypnexthome.ca/news/advice

However, there are always exceptions to the rules: I have worked with clients who placed a swimming pool near the top of their wish list.

And, as someone who lives to see happy homeowners, I wouldn’t discourage anyone from creating the home they truly want. As long as you’re going in with realistic expectations about recouping your investment, you should absolutely go for it. After all, how do you put a price tag on the years of enjoyment a pool can bring?

To receive a free copy of a new special report titled “Homebuyers: How to Save Thousands of Dollars When You Buy” email sales@bennettpros.com Marnie Bennett is a broker and team leader for Bennett Property Shop Realty, a full premium service real estate brokerage specializing in marketing and selling new and resale homes, condominiums and investment real estate. Marnie is the host of the weekly radio show the Real Estate Hour, a millionaire real estate investor and a wealth management coach. bennettpros.com

2

Don’t forget to plan for a safety fence that adheres to municipal bylaws – the more attractive, the better. Put lots of thought into new landscaping and your pool deck or patio. Inground pool installation will wreak havoc with your yard anyway, so it’s the perfect time to get creative.

3

When it’s time to sell, work to have your pool looking as enticing as possible. Crystal clear water, a weed-free patio, a pristine pool liner and appealing patio furniture: these will have prospective buyers thinking about relaxation rather than maintenance.

spotlight on condos

I N K A N AT A S O U T H

C17

$

0 deposIt upon sIgnature

Inventory sale or

12 months wIthout payment

•

petrIe’s landIng

petrIe’s landIng

3 years allowance on munIcIpal taxes and condo fees

loreka court

petrIe’s landIng

so ld 327,844 $239,800* condo avenue

486

Luxurious open-concept condo offering a contemporary kitchen with full height kitchen cabinets, granite countertop and ceramic backsplash.

1 120-104 Prestige Circle

Luxurious open-concept condo offering a contemporary kitchen with full height kitchen cabinets, granite countertop and ceramic backsplash.

2 120-117 Prestige Circle

Beautiful luxurious open-concept condo offering a large bathroom with glass door shower and a bathtub with ceramic surround.

2 120-316 Prestige Circle

Luxurious single family home with walk-out basement. Offers granite in the entrance and hardwood on the ground floor, on staircase and in the hallway on second floor.

3 171 Loreka Court

loreka court

carleton crossIng

carleton crossIng

carleton crossIng

560,889 $517,023* cambrIdge $

$

1,019

/mo. int *

425,960 $388,233* harvard $

$

770

/mo. int *

468,450 $413,511* yale $

$

/mo. int *

$

820

/mo. int *

541,550 $462,800* harvard

938

$

$

/mo. int *

379,295 $285,300* condo avenue

586

690 635$ 632 241$* condo avenue

$

$

451,040 $418,488* carnegIe $

$

/mo. int *

$

829

/mo. int *

Spacious single family home with walk-out basement. Features a gas fireplace with decorative facade and granite kitchen countertop with ceramic backsplash.

4 177 Loreka Court

Spacious single family home with granite in the entrance and hardwood flooring on the ground floor, on staircase and in the hallway on second floor.

3 111 Francis St.

Beautiful 2,005 sq.ft. single family home with plenty of windows, 9-foot smooth ceilings on the ground floor, high-end finishes and contemporary kitchen.

3 128 Francis St.

Spacious single family home with granite in the entrance and hardwood flooring on the ground floor, on staircase and in the hallway on second floor.

4 242 King St.

plateau du parc

plateau du parc

plateau du parc

plateau du parc

so ld 394,173 $328,800* Joran II

spotlight on condos

$

C18

$

665

/mo. int *

423,677 $366,800* herItage II $

$

743

/mo. int *

690 635$ 632 241$* herItage II

$

508,829 $398,800* sIrocco II

$

808

/mo. int *

Lovely single family home located on a private street just steps from Gatineau Park.

Offers plenty of windows plus a large open area.

3 44 rue Joran

Wonderful contemporary single-family home located on a large pie-shaped lot, offers 9-foot smooth ceilings and high-end finishes.

3 49 rue Joran

Luxurious single family home just steps from Gatineau Park. Offers hardwood on the ground floor, on staircase and in the hallway on second floor.

3 42 rue Joran

Luxurious single family home just steps from Gatineau Park. Offers hardwood on the ground floor, on staircase and in the hallway on second floor.

3 52 rue Joran

plateau du parc

plateau symmes

plateau symmes

rIvermead

643,228 $542,704* mIstral $

1,069 /mo. int *

Prestigious 2,242 sq.ft. single family home located on an oversized wooded lot. Features a large open area and a large-size gas fireplace with ceramic finish.

3 62 rue Sirocco

372,684 $299,800* herItage $

$

607

/mo. int *

Beautiful semi-detached home located on a wooded lot with no rear neighbours, offering plenty of windows, 9-foot smooth ceilings and high-end finishes.

3 31 rue des Scouts

217,558 $194,642* condo Ōra $

$

401

/mo. int *

Beautiful and contemporary open-concept condo with full height two-tone cabinets in the kitchen, quartz countertop and ceramic backsplash.

2 823-3 boul. du Plateau

690,635 $632,241* bordeaux $

$

1,242

/mo. int *

Luxurious 2,390 sq.ft. single family home on a 100 x 120 feet lot. Offers a quartz countertop in the kitchen plus hardwood floors and stairways.

4 63 rue Morley Walters

* Certain conditions apply. Prices are subject to change without notice. Contact one of our sales representative for details.

8700 Jeanne d’arC BLvd. n., OrLéanS

171 LOreka COurt, StittSviLLe

117 MCGreGOr St., CarLetOn PLaCe

COrner OF Ch. Pink & BOuL. deS GriveS, Gatineau

895-3 BOuL. du PLateau, Gatineau

63 rue MOrLey WaLterS, Gatineau

613.824.4059

613.831.0126

613.257.4079

819.776.4663

819.682.4663

819.317.0440

Visit brigil.com to see all our inventory homes

spotlight on condos

C19

C20

spotlight on condos

$10,000nus

o Design B e… r o M d an

FINDLAY

by the

PARK

*

Priced from

*Artist’s Rendering of the Galileo shown. Please see Sales Consultant for details. E. & O.E.

INTRODUCING THE

focus on living! VISIONARY SERIES 2 STOREYS & BUNGALOWS

Choice of look-out or walk-out lots! *Prices subject to change without notice.

visit us at our model home & sales centre

Property Profile | CLARIDGE HOMES

cover story

Stirling Park Condominium At home with comfort Location

LOCATED JUST OFF Merivale Road,

Ottawa

Stirling Park Condominium is the perfect combination of elegance, style and modern charm. Whether you are ready to start the next chapter in your life, or are looking to spread your wings with your first home, Stirling Park provides the comfort and convenience you want at a price you can afford.

Suites have been designed with the highest standards in mind. Expansive windows provide ample light in the bright and spacious rooms. A luxurious open concept kitchen with granite counters will encourage you to stay home to cook your own fabulous meals. Sleek hardwood in the living areas, backsplash in the kitchen and stylish tiles in the bathroom accent the fresh urban design of the units.

This 139 suite building is built with high-end finishes, ideal for those

Builder

Claridge Homes Development

Stirling Park Home Type

One- and two-bedroom condo units Sales Centre

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

613.224.0330

22 YPNEXTHOME.CA

looking to add a little class to their living space. Relax after a long day in the indoor pool, burn off some energy in the fitness centre, or invite your family and friends over for a get together in the large party room.

Buyers can choose between a variety of floorplans, ranging from onebedroom suites with 715 sq. ft. to twobedroom suites with 1,260 sq. ft. Prices start as low as $247,000, but buyers also benefit from more than $10,000 in upgraded premium finishes.

Stirling Park is located off Merivale Road, just east of downtown Ottawa in a safe neighbourhood with a high quality of life. Located just minutes from the 417, living in Stirling Park makes the rest of Ottawa quickly and easily accessible, but you don’t have to go far for leisure, shopping, education, healthcare, recreation or entertainment

because you’ll already be living in a bustling shopping district across the street from Merivale Mall. Stirling Park is also surrounded by parks, schools, soccer fields and ice rinks, so there are plenty of places for children and those young at heart.

Since 1986, Claridge Homes has grown to become Ottawa’s largest home and condo builder by making sure home buyers are satisfied with their investment. Claridge works with

world-renowned architects and top contractors to create stylish, modern buildings and great communities. The company set the bar for city living and is coveted for its great locations, artful design, eco-friendly planning and attention to detail.

Visit the sales centre and fully furnished model suites or check out claridgestirlingpark.com, for more information.

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

JUL 9 - AUG 6, 2016 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 23

Trending

6 homebuying tips for first-timers

By Wayne Karl

PLANNING TO BUY YOUR FIRST home

and not sure where to begin? Here are six homebuying tips to help you prepare.

1 | Get with the programs There are various government programs available to help you buy a home.

Home Buyers’ Plan (HBP): The HBP allows first-time buyers to withdraw up to $25,000 from their RRSP to put toward a down payment on a home. You have up to 15 years to repay the funds.

First-Time Home Buyers’ Tax Credit (HBTC): Eligible first-time buyers can apply for the FTHB to help offset the costs associated with purchasing a home, such as legal fees, disbursements and land transfer taxes. The credit can provide up to $750 in federal tax relief.

More information on these programs is available at cra.gc.ca 2 | Explore your options First-time buyers can buy a home with as little as five per cent of the purchase price as a down payment – as long as the property is less than $500,000.

Anything higher than that, and the minimum down payment for the portion of the price higher than $500,000 is 10 per cent. So, assuming your price range is at that threshold, you’ll need to come up with at least $25,000.

At that purchase price, depending on the market you’re in, this could mean you’d then be looking at a townhome, semi-detached or even a condo, instead of a detached home.

3 | Check with the bank of mom and dad If your parents are baby boomers who have had the good fortune of building equity over the years as they paid down their mortgage while the 24 YPNEXTHOME.CA

value of their property multiplied, well… they may be in a position to help. Many buyers are hitting up the bank of mom and dad. In the last two years, 28 per cent of first-time buyers called on the bank of mom and dad to help finance their purchase; from 2010 to 2014, only 17 per cent did.

4 | Become tech savvy Mortgage consumers are becoming very tech savvy. In Canada Mortgage and Housing Corp.’s 2015 Mortgage Consumer Survey, 78 per cent of respondents researched online, with 70 per cent using an mortgage calculator to help determine their payments. And social media is playing a more important role – 20 per cent used sites such as Facebook to learn more, 17 per cent used a mobile device, and of those, 22 per cent used a mortgage related app. And all of these figures are growing.

5 | Befriend a broker or banker Like many things in life, it’s all about relationships. And whether you use broker or a banker to secure a mortgage, you’ll likely come to value the relationship. In the same CMHC

MORE TRENDING ONLINE ypnexthome.ca/news

survey, consumer loyalty strengthened the longer people stayed with their lender. But since we’re talking about money, people are willing to switch lenders to get a better rate and save – a fact which is much more prevalent for bankers than brokers. And because brokers are able to offer products from multiple lenders, as opposed to bankers who offer only the products of their own institution, the market share held by brokers is growing notably, particularly among repeat buyers.

6 | Research, research, research These days, with prices rising as they are and uncertainty in some markets, thorough research is an absolute must. Everything from your target area, desired housing type, builder or realtor, finances, how much you can afford, who you borrow from and the structure of your mortgage – take your time. Take months. Don’t rush anything. Anything.

Trending

Housing policy changes could key on Toronto, Vancouver

By Wayne Karl

MORE TRENDING ONLINE ypnexthome.ca/news

JULY BEGAN with hot weather and heated discussion about potential changes in mortgage regulations and housing policy.

Again. Only this time, the changes could have some real teeth to them.

The table was set in June when federal Finance Minister Bill Morneau announced a joint federal, provincial and municipal working group to study the housing market.

“It’s important to understand that while the federal government has some levers it can pull, we don’t have all of them,” Morneau said in announcing a group of officials from the federal, Ontario and BC governments, and the cities of Vancouver and Toronto, would study the state of the Canadian housing market and provide policy recommendations.”

The group will meet throughout the summer months to review the broad range of factors that affect supply and demand for housing, the issue of affordability and stability in the housing market.

“The issues surrounding homeownership are a shared responsibility, with provincial governments and municipalities having the ability to act locally. By collaborating even more closely with our provincial and municipal partners, we will ensure a coordinated approach, and make use of the best available evidence to arrive at the right conclusions.”

What are the issues he refers to?

Try skyrocketing house prices in Toronto and Vancouver, despite recent changes to mortgage regulations intended to cool those markets; affordability increasingly stretched there; firsttime buyers there being pushed upward, as in to condos, or out of town completely; and the growing influence of foreign buyers.

26 YPNEXTHOME.CA

Morneau also said the federal government will continue to evaluate whether further steps can be taken to protect borrowers and lenders to help maintain a stable and secure housing market for Canadians.

The trick will be to examine initiatives that address the stresses in those two markets, but don’t further hurt others already in some pain, such as Calgary, Edmonton and other areas in Canada.

Meanwhile, Vancouver mayor Gregor Robertson recently announced he will move forward with an “empty house tax,” designed to discourage foreign buyers from purchasing investment properties, letting them sit vacant and cashing in on the value appreciation later.

Robertson also reached out to BC Premier Christy Clark, asking for the province to support a speculation tax.

So, with the Bank of Canada set to make its latest interest rate announcement and Monetary Policy Report on July 13, expectations are that change is coming.

One move might be that raising the minimum down payment requirement to 10 per cent. Currently, first-time buyers can buy a home with as little as five per cent of the purchase price as a down payment – as long as the property is less than $500,000. Anything higher than that, and the minimum down payment for the portion of the price higher than $500,000 is 10 per cent.

“A move like this would indeed be aimed at Toronto and Vancouver, and the affected group will primarily be the younger, first-time homebuyer,” Alyssa Furtado, founder and CEO of ratehub.ca, a mortgage rate comparison site, told YPNextHome.

“The housing market has kept growing through all of the past rule changes, and today’s low mortgage rates are keeping housing relatively affordable for Canadians, even in our most expensive cities. These changes are meant to cool the housing market, so first-timehomebuyers might find themselves moving into the condo market, renting for a longer period of time or taking longer to save for a down payment, borrowing from family and friends or considering other options to finance their home purchase.”

James Laird, president of mortgage brokerage CanWise Financial, says it’s possible that these two cities could be facing market-specific legislation to address the local issues.

“Will we see more policy aimed only at those two cities? The markets in oil producing regions, Quebec and the east coast of Canada, are flatter than Toronto and Vancouver, so policy changes will need to take those areas into consideration as well. We could see a higher land transfer tax within those municipalities, perhaps on more expensive homes. We could see a graduated system, where more expensive homes are more aggressively targeted and the more affordable housing is not impacted as severely.

“We think it’s a reasonable prediction that more changes will come to Toronto and Vancouver.”

For its part, Canada Mortgage and Housing Corp. tried to spark some discussion on June 29, promoting a new website and sending the following Tweet: “Housing matters. Have your say on the national #housing strategy for #Canada. #LetsTalkHousing.

JUL 9 - AUG 6, 2016 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 27

Homebuyers’ Help

Compare mortgage rates for your best deal CHARTERED BANKS

variable

ATB Financial

2.6

Alterna Bank

2.35

Bank of Montreal

2.7

Bank of Nova Scotia

2.9

Canadian Western Bank CIBC

6 months

1 year

2 years

3 years

4 years

5 years

4 4.00op 4 6.30op 4 6.75op 4.55 6.45op 4 6.45op

2.94 4.00op 2.85 6.30op 2.89 6.75op 3.29 6.50op 3.14 6.30op 2.84 6.35op 3.14 3.14 6.35op 2.84 3 3.20op 3.14 6.70op 2.79 3.14 6.75op 2.99 6.30op 3.19

2.29 4.00op 2.09

2.44

2.49

2.59

2.59

2.74

2.58

2.99

3.39

3.89

2.49

3.09

3.39

3.89

4.49

3.04

3.65

4.2

4.74

2.79

2.44

4.09

4.79

3.04 2.7

3.65 3.39

4.39 4.09

4.64 2.7

2.84 2.94

2.84 2.84

2.89 2.79

2.89 2.89

3.04

3.39

2.74

2.84

3.34 2.39

3.99 2.44

4.44 4.39

4.64

2.84

2.29

3.89

2.59

3.24

3.49

3.69

3.79

6.5 4.45 6.30op 3.95 4.2 6.50op 4.55 6.45op

3.14 3.35 6.30op 2.69 3.14 6.30op 3.29 6.50op

3.25 3.5

3.95 3.7

4.39 4.3

4.64 4.35

2.14 3.09

2.34 3.39

2.59 3.89

2.59 2.74

3.09

3.39

3.89

4.49

4 6.30op 6.2 6.40op 3.1 4.25 6.50op 4.2 6.50op

2.85 6.30op 2.84 6.30op 2.29 2.89 6.50op 3.14 6.30op 3.25 6.25op 2.84 6.30op 2.99 6.30op 2.8 2.95op 2.39

2.09

2.59

2.74

2.58

2.89

2.95

2.99

2.89

2.24 2.79

2.39 2.89

2.49 2.95

2.54 2.89

3.09

3.39

3.89

4.74

3.2

3.65

4

4.5

2.79

2.64

3.89

2.44

2.69

3.49

3.99

4.64

2.85

2.95

3.05

3.15

2.39

2.39

2.49

2.49

2.7 6.95op

Equitable Bank HSBC Bank Canada

2.79

ICICI Bank Canada Manulife Bank

2.75 2.6

National Bank

n/a

President’s Choice Finan 2.70 Royal Bank

2.6

4.45 6.20op 4.45 4.4 6.70op

6.75op TD Canada Trust

2.6

Tangerine

2.7

TRUST COMPANIES Community Trust Effort Trust

n/a n/a

Home Trust Company Investors Group Trust

2.35 n/a

MTCC

2.9

OTHER FINANCIAL INSTITUTIONS Alterna Savings

2.35

Comtech Credit Union

2.6

First National Fin. LP IC Savings

2.7

London Life

n/a

Luminus Financial

3.25

Meridian Credit Union

2.4

PACE Savings & C.U.

4 5 6.70op

Parama Credit Union

2.65

Steinbach Credit Union

2.25

ONLINE CALCULATOR ypnexthome.ca/mortgage-calculator Notes: **Interest rate charged subject to adjustment during term mortgage. Please consult institution for term of years available. All rates are prime rates and subject to change without notice.

R.O.R. RATES ON REQUEST op OPEN ----- NOT QUOTING N/A NOT AVAILABLE July 4, 2016. Prepared By Fiscal Agents Financial Information Services 905.844.7700

28 YPNEXTHOME.CA

Inspiration

the

SCOOP

Catch up on decor news, inspiration, style + more

By Elisa Krovblit

We

love the look of the white and blue patterns piled and paired with such ease.

BOHO bedroom IN white & BLUE!

Boho bedroom in white & blue homesense.ca

Scoop the look!

‹

‹

‹

Reijay Baskets $100-$110 | crateandbarrel.com

Portofino Bedding, Shams, Pillow, Mat & Rug $25-$130 | homesense.ca

Loft Pendant Light $229 | cb2.com

JUL 9 - AUG 6, 2016 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 29

Hot Properties

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

LATEST LISTINGS

STIRLING PARK BY CLARIDGE HOMES

YOUNG’S COVE

SPRING VALLEY TRAILS

GREYSTONE VILLAGE

By: Briarwood Homes City: Young’s Cove Housing type: Bungalow and two-storey homes Contact: 905.737.4477 youngscove.ca

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

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

PRINCE OF WALES ON THE RIDEAU By: Campanale Homes City: Ottawa South Housing type: Executive single-family homes Contact: 613.440.3750 campanale.com

RICHARDSON RIDGE KANATA By: Cardel Homes City: Kanata Housing type: Phase III of popular home designs and several brand new models Contact: 613.435.5706 cardelhomes.com

30 YPNEXTHOME.CA

ARTHAUS CONDOMINUMS By: DevMcGill City: Downtown Ottawa Housing type: Condominium Contact: 613.909.3223 ArtHausCondos.com

CLARENCE CROSSING

THE CORNERS ON MAIN

LIV TOWNS

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

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

By: eQ Homes City: Rockland Housing type: Singles, towns and condos clarencecrossing.com

THE BOWERY BY RICHCRAFT

TEMPO

MINTO LANSDOWNE

GALLERY TOWNHOMES

By: Glenview City: Kemptville Housing type: Two-storey singles and bungalows with loft options Contact: 613.797.6763 sales@glenviewhomes.com glenviewhomes.com/tempo

By: Minto City: Ottawa Housing type: Condo Mintocondosale.com

By: Tamarack Homes City: Orleans Housing type: Townhomes tamarackhomes.com

UPPERWEST

THE ORCHARD

By: Minto City: Ottawa Housing type: Condo Mintocondosale.com

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

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

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

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

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

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

BRADLEY ESTATES

SOHO LISGAR By: Mastercraft Starwood City: Ottawa Housing type: Condominium Contact: 613.798.7646 soholisgar.com

THE BOWERY CONDOS & LOFTS

MINTO BEECHWOOD

RUSSELL TRAILS

By: Minto City: Ottawa Housing type: Condo Mintocondosale.com

By: Tartan Homes/Corvinelli Homes City: Russell Housing type: Singles, semis, bungalows russelltrails.com

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

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

129 MAIN By: Warlyn Construciton City: Old Ottawa East Housing type: Condominiums 129main.com

Builders

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

JUL 9 - AUG 6, 2016 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 31

Ad Index

Builder Name

Site Name

Prices

D

Location

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

ADVERTISERS

Page

WEST Almonte

Phoenix

White Tail Ridge

x

Arnprior

Campanale

Callahan Estates

x

Barrhaven

Campanale

Longfields Station

x

Barrhaven

Cardel

Longfields

x

Barrhaven

Minto

Chapman Mill

x

Carp

Phoenix

Hunt Club

From $370's

16, 17

From $274,900

21

From $194,900

8

From $420's

13

x

From $189,900

2, 3

Diamondview Estates

x

Inquire

16, 17

Claridge Homes

Hunt Club Flats

x

From $270,900

10, 11

Kanata

Claridge Homes

Bridlewood

x

From $388,900

10, 11

Kanata

Glenview Homes

Liv Towns

x

From $254,990

9

Kanata

Mattamy

Monahan Landing

x

x

From $279,990

4, 5

Kanata

Phoenix

Fernbank

x

x

From $200's

16, 17

Kanata

Uniform Urban Dev.

The Elements

x

Inquire

6, 7

Kanata

Uniform Urban Dev.

Richardson Ridge

x

x

Inquire

6, 7

Ottawa West

Uniform Urban Dev.

Maple Creek

x

x

Inquire

6, 7

Young's Cove

Briarwood Homes

Young's Cove

x

From Mid 300's

25

Barrhaven

Claridge Homes

West Pointe Village

x

From $342,900

10, 11

Barrhaven

Phoenix

Felton Court

x

From $270's

16, 17

Barrhaven

Phoenix

Sawgrass Towns

x

From $290's

16, 17

Leitrim

Lemay Homes

Findlay by the Park

x

x

From $336,900

19

Ottawa South

Claridge Homes

Summerhill Village

x

x

From $364,700

10, 11

Ottawa South

Claridge Homes

Sundance

x

From $519,900

10, 11

Stonebridge

Uniform Urban Dev.

The Orchard

x

x

Inquire

6, 7

Theberge Homes

Hunt Club Homes

x

From $179,900

20

x

x x

x

SOUTH x

x

CENTRAL Ottawa Central

32 YPNEXTHOME.CA

Site Name

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

Builder Name

Prices

D

Location

Page

EAST Navan

Claridge

Spring Valley Trails

Orléans

Claridge

Orléans

x

x

From $339,900

10, 11

Royal Ridge

x

From $199,900

10, 11

Minto

Avalon Encore

x

From $184,900

2, 3

Orléans

Phoenix

Hillside Vista

x

From $240's

16, 17

Orléans

Tamarack

Gallery

x

From $281,900

BC

Ottawa East

EQ Homes

Greystone Village

x

From $300's

15

Ottawa East

Valecraft

Aviation Private

x

From $304,900

18

Rockcliffe

Uniform Urban Dev.

Waterridge Village

x

Inquire

6, 7

Downtown

Broccolini

The Slater

x

Inquire

C15

Downtown

Claridge Homes

Icon

x

From $291,000

C10, C11

Downtown

Claridge Homes

The Lofts

x

From $400's

C10, C11

Downtown

Claridge Homes

Tribeca

x

From $245,000

C10, C11

Downtown

DevMcGill

Arthaus Condos

x

Inquire

C2

Downtown

Lamb Development Corp.

Gotham

x

From $206,910

C8

Downtown

Richcraft

The Bowery

x

Inquire

C5

Kanata

Cardel

Blackstone

x

From $300's

C17

Old Ottawa

Warlyn Construction

129 Main

x

From $369,000

C13

Orléans

Brigil

Petrie's Landing

x

From $181,800

C18

Ottawa Central

Claridge Homes

Claridge Plaza 3 & 4

x

From $230,000

C10, C11

Ottawa Central

Claridge Homes

Fusion

x

From $288,000

C10, C11

Ottawa Central

Claridge Homes

Waterstreet

x

From $195,000

C10, C11

Ottawa Central

Mastercraft Starwood

Soho Champagne

x

From $298,900

C19

Ottawa East

Domicile Development Inc

The Corners On Main

x

Inquire

C3

Ottawa West

Greatwise Development

Qualicum Woods Crossing

x

From $205,900

C9

West Nepean

Claridge Homes

Stirling Park

x

From $247,000

C10, C11

Westboro

Minto

Upperwest

x

From $269,900

C20

x

CONDO

JUL 9 - AUG 6, 2016 | NEW HOME & CONDO GUIDE EASTERN ONTARIO 33

Neighbourhood Profile

Barrhaven A family-friendly oasis that’s worth the drive

Fast facts Average household income

$131,531 Family structure

By Lindsay Foran FAMILIES

COUPLES

SINGLES

55%

30%

15%

Own vs. rent

94% OWNERS

6%

RENTERS Commute type

MORE PHOTOS ONLINE

43% 5% 3%

ypnexthome.ca/ottawa-barrhaven

CAR

PUBLIC TRANSIT

WALK

1% CYCLE

On tap

IN A WIDELY circulated meme, two friends argue about where to spend Saturday night. One wants to go downtown for the action. The other wants to go to a kid’s birthday party in Barrhaven with no alcohol, but plenty of cake! This dilemma sums up the area; it will cost $50 to take a cab and the bus will take him two hours. Yes, this is ‘Farhaven.’

Vibe Barrhaven is the family mecca of Ottawa. From the many parks and splash pads, to the abundance of family-friendly restaurants, Barrhaven is geared toward children and their families. The unofficial mode of transportation is the mini-van, sharing the road amicably with cyclists and foot traffic on local sidewalks.

Meet the neighbours Many first-time homebuyers take the drive out to Barrhaven because it’s a better value than downtown

neighbourhoods. Once you move to Barrhaven, you may never want to leave. With this one-way migration, there’s a mix of first-time homeowners, young families, families with teenage kids and empty-nesters.

Retirement homes are on the rise, as the senior population want to be close to their children and grandchildren.

In the area This is the type of neighbourhood where you can spend $6 for a latte at Starbucks or $2 for a double-double at Tim Horton’s. Either way, residents don’t judge you based on your financial situation. Restaurants tend to be average in price because they cater to the younger families.

Planes, trains & automobiles Yes, “Farhaven” is far, but as residents say, it’s a drive you get used to. Within minutes you have access to the 416 and 417. There is also a Via Rail station on Fallowfield. Barrhaven is also only a few

COORS LIGHT

CORONA

SOURCE: ENVIRONICS

minutes from the Ottawa International Airport. With the new bridge connecting Strandherd to Prince of Wales, getting around the city has never been easier.

Real estate The good? Everything you need is right at your fingertips. The bad? Most people need to make the commute to work each day since there isn’t much in terms of industry in Barrhaven. Other than the retail, restaurant, or medical businesses, all other residents need to make the drive downtown. This can make for some heavy congestion getting in and out of Barrhaven.

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

34 YPNEXTHOME.CA

ALEXANDER KEITH’S

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ypnexthome.ca/painting-tips % who believe they will be able to buy a home in the next five years (YPNextHome survey)

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