Edmonton New Home Guide - December 21, 2012

Edmonton Edition

Dec 21, 2012 - Jan 18, 2013 Volume 24 Issue 13

Your Best Source for New Homes

Build Your Nest Here!

Northwest Edmonton’s most desirable community

StarlingAtBigLake.com inside this issue

‘MARKET MELTDOWN’ MUCH ADO ABOUT NOTHING

001-NH EDM Cover_12-21-12_FIN.indd 1

END-OF-YEAR TAX TIPS

CANADIANS CONFIDENT IN HOUSING MARKET

12/14/12 3:02:12 PM

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contents DEC 21, 2012 - JAN 18, 2013

||

VOLUME 24 ISSUE 13

Showhome Review

p.51 BEDROCK HOMES’ Catalina – away from the city yet close to amenities

features & editorials IN EVERY ISSUE

HOMEBUYERS’ HELP

IN THE NEWS

10 EDITOR’S NOTE

51 SHOWHOME REVIEW

18 HOMES BY AVI

64 FINANCES

22 ESTATES AT WATERS EDGE

COLUMNISTS

20 HOMEBUYERS’ HELP

Landscaping and your new home

by Shane’s Landscaping and Contracting

24 LEGAL ADVICE

Taking possession of your new home

by Rosellina Giardino

40 FUNDAMENTALLY SPEAKING Fundamentally solid

by Wayne Karl

60 HOME SMARTS

Staging your existing home for maximum profit

by Marnie Bennett

66 THE MORTGAGE MINUTE

What’s all the fuss about a ‘market correction’?

by Peter Kinch

Bedrock Homes’ Catalina – away from the city yet close to amenities End-of-year tax tips

76 TRENDSPOTTING Mugged

by Elisa Krovblit

80 FINANCES

Canadians resolve to better manage their finances in 2013

85 COMMUNITY PROFILE

Genstar presents North Ridge: the country side to city living

100 WEB DIRECTORY

Edmonton area builders, developers and communities

104 NEW-HOMEBUYERS’ RESOURCE SECTION Mortgage calculator and rate table

named a finalist in the 2012 CHBA National SAM awards The Estates at Waters Edge – a lakefront community of single-family homes

30 CHBA

CHBA announces finalists for the 2012 National SAM Awards

46 CREEKWOOD CHAPELLE

First in balanced energy homes and balanced budgets

94 BMO

Report shows Canadians still confident in the housing market

COVER FEATURE ADVERTISER

Rohit Starling

SEE OUR AD ON PAGES 28 & 29

VICE-PRESIDENT, WALL2WALL MEDIA

Jacqueline Hill

DIRECTOR OF SALES, WESTERN CANADA

Josh Heppner

EDITOR-IN-CHIEF, REAL ESTATE

Susan Legge ART DIRECTOR

Daiana Garay EDITOR

Wayne Karl CONTRIBUTING EDITORS

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

28

ACCOUNT EXECUTIVES

Jennifer Mizier 780.217.6778 Nancy Chemait 780.619.3241 PRODUCTION CO-ORDINATOR

Greg Van Sluytman GRAPHIC DESIGNER

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85

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The Edmonton New Home Guide is a free publication with distribution every four weeks. Submit articles or advertising to PO Box 458. Station Main, Edmonton, Alberta T5J 2K1

EDMONTON REGION NORTHWEST NORTHEAST SOUTHEAST SOUTHWEST

COPYRIGHT 2012 All rights reserved by New

SOUTH

Home Guide, Toronto, Ontario, Canada.

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.

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Editorial content are not responsible for typographical errors, mistakes or misprints. All prices are correct as of press time and are subject to change without notice. E. & O. E.

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80

EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at Susan.Legge@wall2wallmedia.com.

e d i t o r ’s n o t e

Let lifestyle be your guide

Big or small, your home is your retreat

W

hether you’re considering a home near the beach, a golf course or a city pied-à-terre, you’re likely looking to compensate for what you don’t have in your current residence.

The amount of living space is usually the issue – either too much or too little.

Most young families are looking for more living space, which is why builders are designing homes with interiors that maximize every square foot of living space to make the most of your money.

As we get older, the quest for living space may take a different direction.

Downsizing is often the answer, and many homeowners with existing homes in suburban or rural areas are acquiring townhomes or pied-à-terres in the city. An urban location gives owners (and their friends) a chance to enjoy the social and cultural activities of the city without having to drive for hours to get home.

In today’s hectic world, your new home will be your retreat, so it’s important to find a space that suits your lifestyle. In this issue, we profile several new communities which offer the perfect place to put up your feet – plus we have the latest industry news and informative features about buying and owning a new home.

Susan Legge EDITOR-IN-CHIEF Wall2Wall Media,Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge

How does Edmonton measure up?

Quite well, thank you very much, especially when looking at the long term

A

t the recent cross-country series of Housing Outlook Conferences presented by Canada Mortgage and Housing Corp. (CMHC), with a stop in Edmonton in late November, a central theme was discussed: How does Edmonton measure up?

As one of Canada’s healthiest housing markets, Edmonton is an interesting study. CMHC analysts used local data to provide an honest assessment.

Edmonton housing starts are forecast to increase 29 per cent to 12,000 units in 2012 before moderating to 10,800 units in 2013. “Supported by low mortgage rates, robust job growth, and continued gains in net migration, new home starts in Edmonton will increase in 2012,” says David Lan, CMHC’s senior market analyst for Edmonton.

If you’ve been reading New Home Guide in recent weeks, or otherwise following news and developments in real estate, such numbers likely won’t surprise you. Some short-term challenges aside, the fundamentals that support the Edmonton housing market – strong economy, employment and immigration growth among them – are solid. Combine that with continuing low interest rates and regional markets that are proven performers, and...

How does Edmonton measure up? Over the long term, quite well, thank you very much.

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

10 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

Happy Holidays!

The end of a year brings reflection on the past, and the arrival of a new year brings dreams and opportunities. We thank you, our readers, for your continued support as we strive to bring you the best that the industry has to offer. We thank you, our advertising customers, for your patronage and continued loyalty to the magazine.

Best wishes in your home hunt!

From all oF us Here at

26 New home Guide | dec 21, 2012 - jan 18, 2013

www.hometrader dec.ca21, | Volume 2012 - jan 15 issue 18, 2013 13 ||NeW NewCoNdo home Guide Guide 11 17

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inthenews

Homes by Avi a finalist in 2012 CHBA National Sales & Marketing Awards

Homes by Avi – Edmonton is thrilled

to announce its inclusion as a finalist in the 2012 Canadian Home Builders Association (CHBA) National Sales & Marketing Awards.

The 2012 CHBA National Sales & Marketing Awards are an integral part of the highly competitive and innovative spirit of the Canadian homebuilding industry, encouraging builders from all over Canada to not only compete with colleagues in the industry but to continuously improve on their own work.

Homes by Avi is proud of our role as an innovator in the Canadian homebuilding industry and being recognized as a finalist in the CHBA National Sales & Marketing Awards is a testament to our ongoing effort toward excellence.

Beyond these industry awards, we are firm in our commitment to building Albertans’ dream homes and fostering positive community relationships in the cities we help shape. Our dedication to our customers and the communities they call home is a pillar of our success and reputation.

Homes by Avi is a finalist in the following category:

Single Detached Home Under 1,500 Sq. Ft. – The Jacob Darcy Dean in Maple Crest.

For a full list of 2012 CHBA National Sales & Marketing finalists, visit chba.ca

18 New home Guide | dec 21, 2012 - jan 18, 2013

homebuyers’help

Landscaping & your new home

by Shane’s Landscaping & Contracting Ltd. Building a new home is a very

exciting time. Thinking about landscaping may be the last thing on your mind, given all the other decisions you are making.

However, by keeping in mind a few key elements, achieving the “yard of your dreams” will be easier and stress-free once your home is built.

Know the facts Understanding the restrictions and capabilities of your lot is important. Builders differ as to what is included in the price of your home and lot.

There will be legal responsibilities for landscaping your new home. Rough grade, final grade, landscaping deposit and seasonal holdbacks are all terms you will need to familiarize yourself with. Rough grade approval will likely be applied for and absorbed in the cost of your home.

Any extra excavation required for retaining walls will be at an additional cost to you. Know what you are required to do and what your builder has included. Your developer will have some landscaping guidelines and requirements for your neighborhood. These must be followed as requested by the developer. The developer requirements in most cases include front yard landscaping and the design or style of your fencing. Keep in mind, what type of soil you have, how much sun you get in the front and back yards of your home. How much room do you have? Does your neighborhood allow underground irrigation?

Will you require additional underground pipes to be installed? All of this is much easier and affordable if thought out and planned beforehand. Ask questions!

Make a wish list Having an idea of what the final overall effect you are trying to achieve is helpful. Determine the landscaping features and needs you want and put them down on paper. Try to list 20 New home Guide | dec 21, 2012 - jan 18, 2013

every feature you would l i k e u nder ide a l circumstances. Don’t be Photo provided courtesy of Shane’s Landscaping and Contracting Ltd. afraid to consider designs that are of a larger scale. With a little creativity from your landscaping contractor, together you will be able to adapt and scale down most designs to fit your property and give it personal flair. Sift through ideas to determine which features are most important to you and are the most feasible. Identify your dream landscape, determine your style and establish a budget. In some cases you may need to compromise due to space or money constraints.

A good landscaping professional should have a website with a photo library of previous landscaping projects. Browsing through and looking at homes with beautifully landscaped yards will surely get your creative juices flowing.

Call a professional Hiring a qualified professional with the proper knowledge is a great place to start. Most homeowners underestimate the work associated with landscaping the yard of new home. Many of the procedures are tedious, lengthy and very labor intensive, often including several pieces of large equipment. Do-it-yourselfers… beware. In order to achieve the stylish and functional yard you desire to complement your new home, hiring a qualified landscaping contractor to get the job done is your first step.

By simply taking some of the above advice into consideration, the process of achieving the “Yard of your Dreams” will be easier. A quality outdoor living space will not only make you the envy of the neighborhood and be a welcome sanctuary for your family, children and pets for years to come; it will also increase the value of your home. It is important to hire a landscaping contractor who has extensive experience in the industry, and is a full service landscaping company. Shane’s Landscaping & Contracting Ltd. specializes in residential, estate and acreage landscape construction. From patios to water features, driveways, retaining walls, lighting, walkways, fences, irrigation, garden beds, boulders, barbecue, fire pits and the new synthetics grasses, we can help make your landscaping beautiful. Planning your landscaping is an exciting time and we are here to help. Our team of friendly knowledgeable and hardworking staff can make your landscaping dream a reality. Call us now for a consultation.

Shane’s Landscaping & Contracting Ltd. is locally owned and operated, providing residential/commercial landscaping, commercial snow removal services to Edmonton and surrounding area. Call us for a consultation at 780.983.8233 or view our website at shaneslandscaping.com

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DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 21

inthenews

The Estates at Waters Edge

RECREATIONAL LAKEFRONT PROPERTY HAS LONG BEEN THOUGHT

of as a summer treat. You choose a weekend in May or June to open up your cottage and try to squeeze in as much time there before the leaves and the snow fall.

There is, however, a new development in Alberta that offers year-round lakeside living. Whether you’re looking for a weekend retreat or permanent residence, The Estates at Waters Edge, located 45 minutes west of Edmonton at Lac St. Anne, is a Lake Front community of single-family homes. This secure, gated development is situated on a half-mile of south-facing lakeshore.

Summer includes boating, water sports, fishing, walking and biking along the numerous pathways, enjoying barbecues on the deck and watching a beachfront sunset, or visiting one of the various golf courses in proximity.

Winter brings a whole new list of outdoor activities, including snowmobiling, cross-country skiing, snowshoeing, great ice fishing, skating and warming up at the fire pits. The Estates at Waters Edge has an outdoor NHL-sized ice rink, complete with skate change and warm-up rink side facility for skaters and hockey enthusiasts. Waters Edge is a four-season community development with activities year-round.

On-site a private boat launch and maintained marina is included for your carefree boating enjoyment. For social gatherings, a clubhouse, including a kitchen, dining area and games room, can accommodate small groups and large, community events. The clubhouse is great for getting everyone together for a private function or community social gatherings.

Residents can also enjoy the beachfront recreation area, children’s playground, on-site walking/cross-country ski trails and future development includes a fitness centre, hot tub and outdoor swimming pool to complement existing amenities.

The project’s popularity to date has been attributed to the overall hassle free concept of the Waters Edge experience. Prospective buyers can choose their select lot; as well select their choice and size of Craftsman style residence. Floorplans range from two to four bedrooms and 1,150 to 2,000 sq. ft. All are finished in the Craftsman style in your choice of colours, which feature fully landscaped yards, paved driveway, parking pad, exposed aggregate sidewalks. Optional garages and additional storage in the secure storage yard on-site for your recreational toys are also available on-site. Additionally, residences come complete with a 10-year Progressive Home Warranty to ensure home construction quality.

Homes are designed so that the living areas take full advantage of the great lake views. Plans can be customized to make the layout and room sizes suit each individuals needs. All designs are done in-house by the Waters Edge Architecture lead design team, so the turnaround time for consultation and final design plans is very fast. Most home builders charge a fee with any changes to their plans, while this is part of a service that is provided to an owner who chooses to build with Waters Edge. Owners can also choose to buy the lot and bring their own builder. The proposed design just has to fit within The Estates at Waters Edge architectural and landscaping guidelines.

22 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

Upgrades are also available to the homes, including granite countertops, gas fireplace, central vac system and a detached or attached garage.

The interiors of these homes come in a variety different high-quality finishing packages, with energy-efficient designs and six low-energy appliances. R-20 insulation is used in the walls and R-40 in the ceilings. Use of high efficiency furnaces provides that the homes are built to high efficiency standards and save on utilities.

A monthly maintenance fee ensures maintenance of all the common areas (such as clubhouse, marina, playground, beachfront recreation area and boat launch). The fees also include water, sewage and a full-time on-site manager. There are lawncare and winter snow shoveling services also available.

The area surrounding Waters Edge offers a healthy list of amenities. A convenience store and gas station are a few blocks away. Onoway and Alberta Beach offer retail services including grocery and liquor stores, restaurants, gas station, public library, hair salon, dollar store, hotel and golf course. Schools are nearby and the Barrhead and Stony Plain hospitals are only 25 to 30 minutes away.

The proximity to Edmonton is a major selling point for The Estates at Waters Edge.

A short drive can get you to your lakefront home in no time.

Many of the purchasers, however, are not from the Edmonton area. Residents include people from Peace River, Fort McMurray, Whitecourt and Calgary. They have found The Estates at Waters Edge to be the best value and location for this type of property in Northern Alberta.

Lot prices start in the low $100’s, and two-bedroom residences with a completely landscaped lot start in the low $300’s!

Onsite showhomes are available for immediate possession. Call Mike at 780.405.6378 or 1.877.405.1105 or visit watersedgeestates.ca

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DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 23

legaladvice

Rosellina Giardino is an Edmonton lawyer practicing in the area of residential real estate.

She may be contacted at 780.473.7779 or rg@giardinolaw.com

Taking possession of your new home

of building materials. I have seen Possession Dates remain as scheduled, delayed for several months and issued sooner than expected. It is important to have open communication with your builder on the progress of construction so you can prepare for any delays and plan the closing and the move-in.

WHAT IF I AM NOT READY TO CLOSE ON THE POSSESSION DATE? It is important that as soon as you receive written notification of your Possession Date, you notify your lawyer and mortgage lender so they can prepare the necessary paperwork to complete the purchase. If the mortgage lender and lawyers don’t receive sufficient notice of the Possession Date, your mortgage funds may not be advanced in time to pay the builder the full purchase price due on the Possession Date – that is, “close” the transaction.

by Rosellina Giardino Some builders won’t give you the keys to your new home until they have been paid in full. Others, in some One of the first questions to your builder circumstances, may allow you to move in on the Possesis usually, “When do I get to move in?” You usually get to sion Date even if they haven’t been paid in full. If you move in to your home on your Possession Date (also re- don’t pay the builder in full on the Possession Date set by ferred to as the Closing Date or Completion Date). them, you may also be required to pay the builder interest on the balance owing until it is paid in full. This interest WHAT IS THE POSSESSION DATE? cost can add up quickly.

Simply put, the Possession Date is the day your home is ready for occupancy, your builder is paid the full purchase WHAT HAPPENS ON MY POSSESSION DATE? price and the keys are turned over to you.

Your lawyer will, among other things, pay the balance of Depending on your purchase contract with your builder, the purchase price owing to the builder’s lawyer, who in the Possession Date will be a fixed date that you know turn will authorize keys to your new home to be released when you sign your purchase contract or your purchase to you. You will usually receive the keys from your builder contract will estimate a Possession Date and then your or realtor. When you receive the keys, you will do a final builder will provide you about 30 to 45 days written notice walk-through of the home, inspecting both the exterior and of the Possession Date. interior, to note any deficiencies. Your builder will usually rectify these deficiencies soon after the Possession Date.

CAN MY BUILDER CHANGE THE POSSESSION DATE? If you’re buying a new home, the Possession Date can Your Possession Date could change even if your purchase often change from what is originally estimated, due to contract refers to a fixed or estimated Possession Date factors that are outside your builder’s control. Plan for any and even after you have received written notification of changes, including your living arrangements and financthe Possession Date. There are usually clauses in purchase ing requirements. Don’t be afraid to communicate with contracts that will allow your builder to change the Pos- your builder throughout construction -your builder is there session Date in the event of circumstances that are beyond to answer your questions and make your experience as the builder’s control, such as weather and the availability stress free as possible.

This article is provided for general information purposes only and does not constitute legal or other professional advice. You are advised to contact a lawyer, your builder, or your warranty program regarding any specific issues.

24 New home Guide | dec 21, 2012 - jan 18, 2013

Thinking About Buying a Home?

The decision is easy make it a brand new home.

Professional home builders have taken choice, quality and customer service to new heights. Today’s new homes offer more than you ever dreamed of.

7. Brand-name products

1. Designs that delight

8. Wired and connected

The possibilities are endless, no matter what style, layout and features you are looking for.

2. Quality behind the walls What you don’t see is just as important as what you do see. State-of-the-art construction, systems and products offer unparalleled comfort and performance.

3. Finishes with flair You choose them, from flooring to counters to kitchen cabinets and more. Create your own interior design, with expert assistance from your builder.

You want everything in your home to be trouble-free, dependable and backed by guarantees. With brand-name products, you can count on it.

Get plugged in for work, play, convenience and security. It’s easy in a brand new home.

9. Hassle-free living Maintenance-free products and state of the art new home technology take the stress out of everyday living.

10. Warranty and service Only a brand new home comes with a warranty and a builder’s service team ready to deal with any concerns. That’s peace of mind

When you add it all up, there is simply no place like Open, airy, designs and lots of windows fill a brand your home with natural light year-round. new home.

4. Light and bright

Good for plants and great for the soul.

5. Health and well-being Solid construction, ventilation and “cleanair” products mean better indoor air quality, and that’s better for you and your family.

6. Energy efficiency Enjoy home comfort, energy savings and a cleaner environment. A winning situation for everyone.

Thinking About Buying(18/12)-/ja

dec 21, 2012 - jan 18, 2013 | New home Guide 25

Get involved with Sage!

Sage is a non-profit seniors’ serving organization, offering a wide range of programs that enhance the quality of life for seniors in Greater Edmonton. Get involved with Sage! Take advantage of the many resources, programs and services. Explore a variety of volunteer opportunities. Consider supporting at-risk seniors by making a charitable donation. Sage has been serving seniors in your community for over 40 years.

26

Visit www.MySage.ca or call 780-423-5510!

rT ra

170 St.

112 St.

4

132 Ave. 127 Ave.

1 CASTLEBROOK MEADOWS DEVELOPER: Concept Realty BUILDERS: Concept Homes LOCATION: 179 Ave. & 104 St.

2 CASTLEBROOK

DEVELOPER: Canterra Developments Corp.

BUILDERS: Open, Urbanity Homes LOCATION: 110 St. & 176 Ave.

3 HAWKS RIDGE AT BIG LAKE

DEVELOPER: Walton Development and Managment L.P BUILDERS: Sabal Homes, Montorio Homes, Morrison Homes, Reid Built Homes LOCATION: North of Yellowhead Trail on 215 Street

Kin gs wa yA ve.

111 Ave.

109 St.

124 St.

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149 St.

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To Spruce Grove & Stony Plain

7 MORNINGSIDE

DEVELOPER: Reid Worldwide Corporation BUILDERS: Fekete Homes, Rococo Homes LOCATION: backing onto Lois Hole Provincial Park at Big Lake

8 TUSCANY HILLS & UPPER TUSCANY

Yellowhead Trail

156 St.

184 St.

Anthony Henday Dr.

135 St.

137 Ave. il Tra ert Alb St.

7

162 Ave. 153 Ave. 121 St.

il

5 12

11

9

97 St.

sie

113A St.

es

6

167 Ave. 127 St.

M

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Pacesetter Homes, Coventry Homes, Reid Built Homes, SHOWHOMES NOW OPEN LOCATION: North of 167 Avenue & East of 127th Street

195 Ave. 176 Ave. 1 10 2 171 Ave.

139 St.

k

An th on yH en da yD r.

ar

215 St. (Winterburn Rd.) Ray Gibbon Dr.

Hwy 44

To St. Albert

3

M

northwest

6 NEWCASTLE 8

4 VILLAGE AT GRIESBACH

DEVELOPER: Canada Lands BUILDERS: Homes by AVI, Dream Homes by Krisner, Coventry Homes, Landmark Legacy Homes, Greenboro Homes, Pacesetter Homes, Abbey Lane Homes, Christenson Developments LOCATION: 137 Avenue North On 97 Street West on Griesbach Road

5 TRUMPETER BY BIG LAKE

DEVELOPER: United Communities BUILDERS: Estate Homes- Fekete Homes, Montorio Homes Classic Homes- Homes by Avi, Sabal Homes, Montorio Homes, Sterling Homes Duplex- Rohit Communities, Homes by Avi. Townhomes- Rohit Communities.

LOCATION: North on Anthony Henday Drive, West at 137th Ave. and 199 St.

DEVELOPER: United Communities BUILDERS: Pompei Homes, Aacropolis Homes, Signature Homes by Parkwood LOCATION: North corner of 127th Street & 195 Avenue

9 PALISADES

DEVELOPER: MLC Group BUILDERS: Bedrock Homes, Landmark Communities, Landmark Homes, Landmark Legacy LOCATION: South of 167th Avenue & East of 139 Street

10 LEGACY POINTE

DEVELOPER: Concept Realty BUILDERS: Concept Homes Master Builder LOCATION: 18230 - 104A Ave.t

11 LEGENDS ESTATES

DEVELOPER: Kingsgate Homes Legends Estates Ltd. BUILDERS: Kingsgate Homes, open LOCATION: Highway 16 & Highway 44

12 STARLING AT BIG LAKE

DEVELOPER: Rohit Land Development BUILDERS: Celebration Homes, Kirkland Homes, Green Living Homes, Rohit Communities LOCATION: North on Anthony Henday Drive, take Ray Gibbons Drive, left on 137 Ave

27

Balanced Living at its Best

Live surrounded by nature with all the amenities of the city just minutes away!

• •

28

170 St

Ave

184 St

199 St Glendale Golf & County Club

118a

N

137 Ave

Anthony Henday

•

3km of multi-use trails Over 12 acres of the development dedicated to green space with all homes within 200 meters of open space!

A lookout gazebo overlooking the park, pond and natural areas A teaching dock to facilitate interaction with nature for children and adults alike Located in Edmonton, but minutes from St.Albert

215 St

• •

231 St

Neighbourhood Amenities include:

215 St

Ray Gibbon Dr

Adjacent to Big Lake and the Lois Hole Provincial Park, Edmonton’s most desirable northwest neighbourhood offers an ideal balance of convenient city living and natural outdoor life.

Visit the showhomes at 137 Ave & Ray Gibbon Drive

Build Your Nest Here. StarlingAtBigLake.com

The Home Builders of Starling KIRKLAND HOMES MASTER BUILDER Kirkland Homes Master Builder in Starling has a large inventory of affordable lots, offering well-built homes starting in the $450,000’s. With access to larger ravine lots and our wide selection of home styles and sizes—including two fourbedroom models—Kirkland Homes has a home to meet your family’s needs. In addition, Kirkland Homes currently has a selection of homes available for immediate occupancy for the customer who does not want to wait for his or her home to be built.

Kirkland Homes Master Builder opened its doors in the Edmonton area in 2009. Having worked as a senior executive in the homebuilding industry since 2000, Kent Kirkland decided he wanted to take his customer service oriented approach to home building and apply it in a more personal way. Since that time, Kirkland Homes has offered homebuyers superior built homes and outstanding customer service—all at a reasonable cost.

GREEN LIVING HOMES Green Living Homes in Starling offers many lots dedicated to walk-out basements and most home plans have a front verandah. In addition, homes can be customized to the buyer’s specifications and individual taste while respecting the environment and the buyer’s budget. All homes are developed to BuiltGreen standards. Green Living Homes is the perfect fit in Starling at Big Lake, where every effort has been made to honour and conserve the environment.

Green Living Homes builds creative, beautiful, eco-friendly, energy-efficient and functional homes that improve the quality of life for individuals and families. The team has over thirty years of experience developing housing projects that are oneof-a-kind designs loaded with architectural impact and a keen eye for the details. The philosophy is simple and is reflected in the company’s work ethic: socially responsible building practices.

other subdivisions with just regular interior lots, Celebration’s Starling Ravine Collection offers fantastic value. Visit the stunning Starling at Big Lake showhome and take a stroll through the ravine trails for a taste of the Celebration Home lifestyle in this sensational community.

Celebration Homes’ mission is to provide the best possible home building experience. Legendary customer service and talent for distinguished design are the hallmarks of Celebration Homes. With over 20 years of experience building homes in Edmonton, Celebration has a level of skill and craft to work with the home buyer to custom design and build the home of their dreams.

ROHIT COMMUNITES Whether you are downsizing or just starting out, Rohit Communities has two and three bedroom duplexes starting in the mid $330,000’s. A hot housing choice in Starling at Big Lake, Rohit will be pre-selling more duplexes in 2013 with double-attached and detached garages. For the family that has it all and needs space for it, Rohit’s single family Heathrow may be an ideal option. At 2150 square-feet and featuring a three car garage, it’s the perfect fit. And, so is the price, starting in the $470,000 range.

Rohit Communities is committed to building innovation and continuous improvement. With a constant evolution in its new home models, Rohit is known in the industry for the efficient use of space and attention to exterior finishing. The company has received numerous industry awards at the local, provincial and national levels, including 2010 Edmonton Home Builder of the Year and 2011 Multi Family Builder of the Year.

CELEBRATION HOMES With 11 remarkable, walk-out ravine lots, Celebration Homes is poised to make the home buyer’s dream of living alongside nature a reality. At half the price of other ravine lots, Celebration’s Starling at Big Lake Ravine Collection is the most affordable ravine living in Edmonton. For buyers looking for a family home or empty nester bungalow, home and lot combinations start in the mid $600,000’s. Compared to

29

inthenews

2012 CHBA

National SAM Award finalists announced

The Canadian Home Builders’ Association

(CHBA) is pleased to announce the finalists for the 2012 CHBA National SAM Awards, presented by Schlage and Trane.

These prestigious awards celebrate excellence in new homes, home renovation, innovative technology and construction, outstanding presentation and marketing across Canada. Twenty-three CHBA National SAM Awards will be presented at the Association’s 70th National Conference on March 8, 2013 in Lake Louise, Alta.

Commenting on the CHBA National SAM Award finalists, CHBA President Ron Olson, noted that, “This year’s SAM Award theme – Awe – speaks to the ingenuity, imagination and creativeness that drives new home builders, renovators and developers to build homes and communities that are truly awe-inspiring. We take great pride in the achievements of our 2012 SAM Finalists.”

CHBA National SAM Awards are presented for projects of varying sizes in the following categories: New Home Awards (eight in total); Home Renovation Awards (five in total); and Marketing Awards (six in total).

In addition, single National SAM Awards are presented for Marketing Excellence; Green Home; Community Development; and the Grand SAM which recognizes the new home builder who demonstrates the highest level of excellence in both building and marketing.

30 New home Guide | dec 21, 2012 - jan 18, 2013

Congratulations to the following Edmonton home builders: SINGLE DETACHED HOME UNDER 1,500 SQUARE FEET à Homes by Avi -

Edmonton, Sherwood Park: “The Jacob Darcy Dixon in Maple Crest” Edmonton: “Belvedere”

à Sterling Homes (Edmonton) Ltd.,

SINGLE DETACHED HOME OVER 2,200 SQUARE FEET à White Eagle Homes Ltd.,

Edmonton: “The Blue Diamond, Allard Estates”

MULTI-FAMILY PROJECT

à Rohit Group of Companies,

Edmonton: “Essex at Callaghan Ravines”

GREEN HOME AWARD

à Effect Home Builders Ltd.,

Edmonton Edmonton

à Landmark Group of Builders,

BEST WEBSITE

à Celebration Homes Inc.,

Edmonton

For a complete listing of all the CHBA National SAM Award finalists, in each category, please visit chba.ca

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TO SPRUCE GROVE

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HAWKS RIDGE BLVD.

WINTERBURN RD. (215th ST)

DR .

NORTHWEST

TO EDMONTON

marke t mar t s with

A Great Deal For 2013

Jim Malner

Okay, you’ve done your research and finally found that perfect home or condo. You’re feeling nervous. Is this the right home for me? Can I afford this? What if (fill in the blank with your basic insecurity here)? Dozens of questions fly through your mind incessantly making it all seem a bit overwhelming. Time to step back and chill. Yes, you are making a big decision and yes the fun is over for a while - it’s new time to negotiate the best deal you can for the property so get ready to rumble. The art of negotiation is extremely important in real estate.

So, remember one very important rule – the upside of your future return on the property you are about to buy will be largely determined by how you negotiate the deal NOW.

ASK for everything you want. If forced to concede on something than get something else in return, no matter how small.

Use appraisals and information to build a reasoned “value” for the property – the price is just what the vendor WANTS, it does not mean it’s what the property is worth.

Know how much time you need to negotiate and use it.

The deal does not go anywhere without you. Time is a great ally in a real estate deal. Let it work for you. Walking away and coming back is just fine. There is always another property.

Have clear in your mind absolute DEAL BREAKERS and stick to them.

Find out everything you can about the seller and their current position.

Negotiate fairly with reasoned terms to maintain creditable with parties.

Every transaction is unique and every deal has very different dynamics whether it’s a new home or a resale home. You have different buyer and seller motivations, business structures, sales processes and management styles – and you are largely on your own. So, remember one very important rule – the upside of your future return on the property you are about to buy will be largely determined by how you negotiate the deal NOW. Of course the vendor wants a full price cash deal. You on the other hand have lots of complications that form part of this transaction. There could be conditions on the deal you need, availability of financing and the amount, terms of financing, possession dates, inspections. Lots to consider. This is where your homework will pay off.

A real estate deal is predicated on one of two things – motivation of the seller or motivation of the buyer. As a buyer understand there is always another piece of real estate and another seller. You must set your conditions in stone and stick to your guns, regardless of how hard that may be when you think you’ve found the perfect home and investment. Try to understand the vendor’s motivations.

Is it a builder with too much inventory? How’s the market doing? Understand your leverage in the transaction and build leverage through “slow” pragmatic examination of the product. Remember, when you’re the buyer – there is no deal without your money, so the ball is always in your court.

Evaluate counter offers and listen for details to determine next steps.

Try to meet with the seller often in the negotiations to establish commitment to both your best interests.

Unlike the NHL negotiations, the optimal outcome for everyone is a WIN – WIN situation so try to be respectful of this timeless axiom.

A lot of the above requires you get and evaluate many facts and details, organize a purchase plan that’s financially based (not emotional) and then stick to it. That can be hard and the worst feeling in the world will be walking away from a failed negotiation when you think you have found the perfect property, but trust me there’s no better feeling than getting a deal on your terms and profiting from it handsomely in the future. Wait for that deal. There is always another property and another seller to deal with.

Now get out and negotiate that perfect deal in 2013.

Follow CSG on Facebook or Twitter for regular real estate opportunities and updates. All of Jim’s columns are posted on CSG’s blog at marketsmarts.net.

Here are some rules I’ve found work well in most real estate negotiations: Set your parameters in stone with a thorough understanding of pro’s and con’s of the transaction.

Everything that can be quantified in dollars do it so you are clear of the true transaction costs as that impacts what you should pay for the property.

32 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

Jim Malner is President of Consumer Strategies Group (CSG), Alberta’s longest serving, professional, real estate marketing consultancy with offices in Edmonton, Calgary and Vancouver.

NORTHWEST

Half acre lots close to the city with full city services, reasonable taxes and more!

265

The rolling terrain and elevation of our new phase has created some remarkable lots. Contact us today to reserve your lot.

780.421.7272

33

Getting organized…

One of my New Years resolutions is to be more organized. Solid organization skills helps to calm you and helps you to stay focused. Here are some ideas to utilize built-ins, furnishings, accessories to not only make your home beautiful, but functional as well. Happy New Year! #1: Closet Organizers: From custom to DIY kits there are plenty of choices out there at a price point to fit everyone’s pocket book. My number one pick in getting organized.

#2: Mud-Laundry Rooms: The market dictates what is hot and what is not, and today mudrooms and laundry rooms are critical on the “must have” list to design well. As one of the highest traffic areas in your home, pay attention to your design plan and make these rooms really function for your family.

34

#3: Built-ins:

#4: Unused Space:

#5: Pantry:

I realize we can’t always afford built-in cabinets, but it is the best way I know how to maximize storage and elevate the design of your home.

Think outside the box. It’s amazing what you can do with a long narrow space, here’s an old storage area now a very functional office space.

Fabulous!

Can’t have a walk-through pantry? No problem! This pantry was converted from a regular closet. Work with what you’ve got and creatively solve the problem. Fantastic!

Always a good investment – always an amazing end result.

#6: Cool Gadgets & Cubbies: Drawer separators from Ikea.ca. Many sizes, shapes to choose from and can easily be added to any drawer in your home. Shop Ikea.ca for lots of organizational ideas, best place to stay on budget for your organization project.

#7: Furniture: Make your furniture work for you.

Look at furniture two ways – how it works for the design aesthetic, and how it will function for you.

This unit is cleverly organizing china, cutlery and linens.

35

36 New home Guide | dec 21, 2012 - jan 18, 2013

To Fort Saskatchewan

6

66 St.

144 Av e.

a M 44 1

ve.

137 A

137 Ave.

129 Ave.

118 Ave.

1 St.

34 St. 151 Ave.

.

Ave

2

Yel low ermitage hea dT rail H

82 St.

132 Ave.

Fo rt Rd .

97 St.

.

Ave 153

nn ing Fwy .

4

167 Ave.

20 St.

167 Ave.

3

Tr. Victoria

1

50 St.

5

Hoo ke Rd

1

1 Lakeview

4 Brintnell

2 CENTRAL PARK AT CLAREVIEW CAMPUS

5 village at schonsee

Developer: Genstar Development Co. Builders: Landmark Legacy, Park Royal Homes, Landmark Homes Location: 175 Avenue at 87 Street

Developer: Alldritt Development Ltd. Builder: Alldritt Homes Location: 144 Avenue & 36 Street

3 McCONACHIE LANDING

DEVELOPER: MLC Group/Cameron Communities BUILDERS: Lenaco Homes, Cameron Homes, Reid Built Homes LOCATION: North of 167 Avenue & East of 50th Street

northeast

Bon Accord Gibbons

Developer: Qualico Communities Builders: Pacesetter Homes, Daytona Homes Master Builder Location: 163 Avenue & 41 Street

Developer: Bedrock Homes Builder: Bedrock Homes Location: 5495 & 5497 Schonsee Drive

6 McCONACHIE

Developer: Walton Development and Managment L.P Builders: Jayman MasterBuilt, Innovations

by Jayman, Sabal Homes, Morrison Homes, Royal West Homes, Carlisle Group Location: 167 Avenue and McConachie Way

37

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Octoberfor 2012 • Large Format

2013 BUILDER & DEVELOPER

Edmonton’s Builders, Developers and Communities– One Story at a Time

• Industry Insights by Home Building Leaders • Detailed Home Builder Stories • Mortgage and Legal Advice

Finding the RIGHT COMMUNITY for your new home or condo is easier than ever.

Presented by the publishers of

Pick up your copy of our editorial-based builder and developer profile magazine FREE AT OVER 700 LOCATIONS with the New Home Guide and New Condo Guide.

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42 New home Guide | dec 56 38 oct 21, nov 26 23 -2012 nov dec -21, 23, jan 2012 18, 2013

southeast

1 MAPLERIDGE & OAKRIDGE COMMUNITIES

4 LAUREL

2 SPRINGSIDE IN THE MEADOWS

5 LAUREL CROSSING

DEVELOPER: Maple Ridge & Oak Ridge Communities BUILDERS: Country Hills Homes LOCATION: 17 Street between Sherwood Park Freeway and Whitemud Drive

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes LOCATION: 23 Avenue & 32nd Street

3 TAMARACK

DEVELOPER: Dundee Developments BUILDERS: Landmark Homes, Lincolnberg Homes, Homes by AVI, JDL Homes, Landmark Legacy Homes, Landmark Communities, Coventry Homes LOCATION: From Whitemud go South on 17 Street & follow the signs to Tamarack Gate

DEVELOPER: Dundee Developments BUILDERS: Coventry Homes, Greenboro Homes, Landmark Homes, Homes by AVI, Landmark Legacy Homes, Lincolnberg Homes, Landmark Communities LOCATION: South of 23 Avenue and East of 34 Street DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, Landmark Homes, Tristate Signature Homes, Sterling Squared, Bedrock Homes SHOWHOMES ARE NOW OPEN LOCATION:34 Street & 16A Avenue

6 MAPLE CREST

DEVELOPER: Dundee Developments BUILDERS: Homes by Avi, Coventry Homes, Greenboro Homes, Landmark Homes, Landmark Legacy, Lincolnberg Homes LOCATION: Maple Road (38th Avenue NW) and 8th Street

7 WILLOW HAVEN

DEVELOPER: CarringtonLand BUILDERS: Bedrock Homes LOCATION: 5624 7th Ave SW.

8 TAMARACK COMMON

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, & Parkwood Master Builder SHOWHOMES COMING SOON LOCATION: 17 Street and 23 Avenue, south of Millcreek Nursery

39

fundamentallyspeaking

Fundamentally

solid

by WAYNE KARL

WAYNE KARL is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics – such as economic fundamentals – you need to examine when buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

WE’VE OFTEN DISCUSSED IN FUNDAMENTALLY Speaking with growth of 1.9 per cent forecast for 2013, and elsewhere in New Home Guide about the importance of doing your following 1.1 per cent in 2012. Similarly, research and due diligence when buying a home. One of the best resources immigration – as better prospects for – if you’re a first-time or move-up buyer or even an investor – is Canada employment here attract “new Canadians” Mortgage and Housing Corp. (CMHC).

– which first supports the rental market and And of all the valuable information and data CMHC produces, none is eventually homeownership, is expected to more educational than its annual housing outlook conferences, currently maintain in 2013. rolling out across the country, with a stop in Edmonton in late November. » Edmonton market: So, what does It’s impossible for all homebuyers and homeowners to attend these all this mean for Edmonton? Despite events, for obvious reasons, and since they are open mostly to those in some short-term challenges, employment the industry. But if ever there was an excellent refresher on the and population growth will continue to fundamentals that determine and support real estate market conditions, support the Edmonton housing market, and puts it all in perspective, this is it.

CMHC says.

Edmonton housing starts are forecast HERE IS A SUMMARY OF SOME KEY POINTS: to increase 29 per cent to 12,000 units » The economy: CMHC deputy chief economist Mathieu Laberge says for 2012 before moderating slightly to the prospects for Canada’s economy are largely positive, despite some 10,800 units in 2013. “Supported by low global uncertainty. Our economic fundamentals have weakened some, mortgage rates, robust job growth, and but are expected to remain supportive of housing demand. continued gains in net migration, new » Mortgage rates: Mortgage interest rates should remain near historically home starts in Edmonton will increase in low levels. For example, a five-year mortgage rate in 2012 was 5.25 per cent, 2012,” says David Lan, CMHC’s senior and may climb to about 5.5 per cent in 2013 – still near a 60-year low. market analyst for Edmonton. » Household debt: Household debt, cited as a concern by the Bank » Edmonton opportunities: Heightened of Canada, federal fi nance ministry and others over the last two years, net migration and strong job creation, remains a concern. Elevated levels of household debt and house prices coupled with low mortgage rates, will see in some urban markets have made Canada’s economy more vulnerable MLS sales in Edmonton increase by six to some economic shocks. “Not that we see a shock coming – we don’t,” per cent for 2012 to 18,000 units. Sales in says Laberge.

2013 are expected to trend upward, but at » Housing starts: Housing starts, an important indicator of growth and a slower pace to 18,500 units health of the housing sector, may dip 9.4 per cent in 2013 (mostly in So, given the overall challenges in multi-family homes) to about 194,000. Importantly, however, this follows Canada and elsewhere, the outlook at a a 10.2-per-cent surge to 213,700 in 2012 – when CMHC actually glance may not appear spectacular. But projected starts would range from only 161,650 to 206,350 units. looking at the big picture and long term, » Employment and immigration: As the leading indicator of housing the important determining factors are – demand, employment levels will continue to support the housing market, fundamentally solid.

40 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

southwest

8 WINDERMERE NORTH

DEVELOPER: Windermere Lands Ltd. BUILDERS: Landmark Homes, Bedrock Homes, Kanvi Homes, Landmark Classic Homes, Hillview Homes, Lincolnberg Communities LOCATION: Terwillegar Drive and Anthony Henday Drive

9 RIVERPOINTE AT WINDERMERE DEVELOPER: VIP Development Group.

BUILDERS: Open LOCATION: North of 9th Ave. and 170 St.

10 WINDERMERE RIDGE

DEVELOPER: Beaverbrook Developments.

BUILDERS:Cami Custom Homes, Marco Antonio Homes, Open LOCATION: Windermere Blvd., West of 170 St.

156 St.

11 LARCH PARK

1 AMBLESIDE IN WINDERMERE

DEVELOPER: Windermere Lands Ltd., Windermere Ambleside Ltd. BUILDERS: Marcson Homes, Bedrock Homes, Kimberley Homes, Homes by Avi, Kanvi Homes LOCATION: Terwillegar Drive and Anthony Henday Drive

2 LANGDALE IN WINDERMERE

DEVELOPER: Qualico Communities BUILDERS: Coventry Homes, MacLachlan & Mitchell Homes, Pacesetter Homes, Sterling Homes, Sterling Squared, Rohit Communities LOCATION: 170 St & 7th Ave. S.W.

3 MACTAGGART MAINS

DEVELOPER: Melcor Developments Ltd. BUILDERS: Kimberley Homes, Parkwood Master Builder, Western Living Homes, Homes by Managen, LOCATION: On East side of 142 St., South of 23 Ave.

4 MAGRATH

DEVELOPER: Terwillegar Pointe Communities SUMMIT - BUILDERS: Ace Lange Homes, Birkholz Homes, Perry Built Homes Inc., Carriage Custom Homes, Homes by Avi

MANORS - BUILDERS: Hillview Homes, Homes by AVI, Landmark Homes LOCATION: South of 23 Ave. & East of 142 St.

5 GLENRIDDING

Developer: UnitedCommunities Builders: RSL - Homesby Avi, Pacesetter, Parkwood Homes, Landmark Homes. RPL - Pacesetter, Landmark Legacy Homes, Rohit Communities.

Duplex Homes (front attached Garages) - Parkwood Homes, Landmark Legacy.

Duplex Homes (rear attached garages) Homes by Avi, Rohit Communities.

LOCATION: 156 Street & Ellerslie Road

6 THE UPLANDS OF MACTAGGART

DEVELOPER: Maclab Enterprises BUILDERS: Birkholz Homes, Fekete Homes, Homes by Avi, Classic Landmarks Master Builder LOCATION: On East side of 142 St., South of 23 Ave.

7 UPPER WINDERMERE

DEVELOPER: Beaverbrook Developments BUILDERS: Ace Lange Homes, Homes

by Managen, Montorio Homes, Dolce Vita Homes, Artisan Homes, Carriage Signature Homes, Sunny Valley Homes, Westbrook Homes, MacLachlan & Mitchell Homes, Open LOCATION: Windermere Blvd. West of 170 St.

DEVELOPER: Melcor Developments BUILDERS: Ace Lange Homes, BirkholzHomes, Carriage Signature Homes, Landmark Classic Homes, Habitat Studio, Perry Signature Homes Inc. LOCATION: next to Whitemud Creek Ravine

12 CREEKWOOD CHAPPELLE

DEVELOPER: Delcon Creekwood BUILDERS: Alldritt Homes, Artisan Homes, Marcson Homes, Bedrock Homes, Homes by Avi, Kimberley Homes, Landmark Homes, Landmark Communities, ReidBuilt Homes, Landmark Legacy Homes, Rohit Communities LOCATION: South of Ellerslie Road & West of 141 Street

13 WINDERMERE SOUTH

DEVELOPER: Windermere Lands Ltd. BUILDERS: Dolce Vita Homes, Bedrock Homes, Thomsen Built, Kimberley Homes, Daytona Homes Master Builder LOCATION: 170th Street & Ellerslie Road

14 CHAPPELLE GARDENS

DEVELOPER: Brookfield Residential BUILDERS: Lincolnberg Homes, Daytona Homes Master Builder, Look Homes Master Builder, Homes By Avi, Maple Isle Homes, Brookfield Homes.

LOCATION: South of Ellerslie Road & West of 141 Street.

15. ONE AT WINDERMERE

DEVELOPER: Beaverbrook Developments BUILDERS: Bedrock Homes, Dolce Vita Homes, Western Living Homes LOCATION: Winderemere Blvd. West of 170 Street

41

southWEST

42

southWEST

43

45

inthenews

Creekwood Chapelle First in balanced energy homes and balanced budgets Creekwood Chappelle answers the BIG

question homeowners ask: Can I have the beautiful, functional and energy efficient home I want and still stay on budget?

The answer is a resounding, yes!

Creekwood Chappelle is the first to introduce balanced energy homes. Homeowners can now choose from the wide selection of award-winning builders that, working in conjunction with the energy specialists, Igloo Homes, create a balanced energy house.

These homes “demonstrate how a house can produce as much energy as it uses through enhanced insulation, solar power and an energy recovery ventilation system,” says Ryan Powell, Igloo Homes. An absolute must see is the Balanced Energy Demonstration Home. This budget-friendly model demonstrates the efficiency and simplicity of affordable balanced energy in everyday living while still luxurious.

By reducing the amount of energy used, while at the same time generating its own supply, a balance energy home is incredibly sustainable. The amount spent on building the home is offset by money saved not paying utilities. So much so, banks are now looking at this savings in setting up mortgages.

Utilities fluctuate but the building cost is fixed, thus balancing your budget and providing excellent resale value. The affordable solar power, tight building envelope and extremely efficient HVAC, energy recovery and lighting systems will reduce energy usage and actually produce energy.

The Balanced Energy Demonstration Home has no furnace, huge windows, warm floors, no gas lines and insulation enveloping

46 New home Guide | dec 21, 2012 - jan 18, 2013

the entire house including below ground – R45 insulation in walls and R80 in the attic. The air is exchanged 100 times per hour through the ERV (energy recovery ventilator) and Merv12 filtration system providing very clean air – perfect for those with allergies or breathing issues.

This incredibly efficient home fits right into the community’s tasteful architectural designs and is simple to run. Chose any or all of the many energy saving/producing concepts and Igloo Homes will work with the builder of the client’s choice to create the home they desire and can afford. Located south of Ellerslie Road on 141st Street at Chappelle Drive, the family-oriented community offers homebuyers a wide variety of residences, from front-attached homes, semi-detached and townhouses.

This delightfully secluded community provides families with convenient shopping and recreational amenities, access to the Anthony Henday, as well as, transit service to the LRT. Creekwood Chappelle is a distinctive, affordable and sustainable community – ample greenspace with ravines, trees, parks and walkways to enjoy nature, a developing bird sanctuary it is simply, a great place to call home... with a balanced budget and balanced lifestyle.

Visit Creekwood Chappelle Balanced Energy Demonstration Home 3567 Claxton Cres.

Take 141 Street south from Ellerslie Road

SOUTHWEST

So much nature to explore* *with two new playgrounds for twice the fun!

Homes from the low $300s

CreekwoodChappelle.com @LifeInCreekwood

Showhome Hours: Mon-Thurs, 2–8 pm Sat-Sun, 12–5 pm

28 Ave

LifeInCreekwood

DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 47

HOW MUCH DOES IT COST TO BUILD AN ENERGY EFFICIENT HOME? This is a question I hear quite often. The answer might surprise you. I hear people say it can cost 10–20% more to build a green home—that’s $30,000–$60,000 on an average Edmonton home. What if I said that was a gross exaggeration? I’ll share with you five things that will improve your home’s performance substantially, for a fraction of the cost you’d expect.

First is air sealing the home. Many new homes in Alberta aren’t built as tightly as they could be. The company I work for changed sealing techniques with our trade partners a number of years ago. By paying attention to this, we reduced outside air infiltration by over 40%.

As the building envelope was improved, we had to ensure fresh air was still coming into the home. This was done with a Heat Recovery Ventilator (HRV). An HRV removes stale air from your home and exchanges it for fresh air from outside. While doing this, the heat from the outgoing air is transferred to the incoming air.

Windows are the next improvement to make. A triple pane window with a low-e coating & argon fill is a great overall performing window. It provides superior R-value and still allows the free heat from the sun in winter. As a side benefit, you’ll hear less noise from outside with these windows as well.

A high efficiency (over 90%) hot water appliance will improve your energy consumption dramatically. Most hot water tanks are only 60% efficient—changing to a high efficiency unit will reduce your hot water costs by 33%. I’m quite fond of many of the tankless units currently on the market. They take some getting used to, but have many benefits.

Another technology that’s well worth installing is a Drain Water Heat Recovery (DWHR) unit. This unit removes the heat from your drained shower water and transfers it to the incoming fresh water before it reaches your water-heating device. This not only saves you money, it also improves your water heater’s performance.

The last thing to do is to get the home rated for energy performance. This is done by a Certified Energy Advisor (CEA). A CEA is certified by Natural Resources Canada to model and test a home for energy efficiency. This is third party verification of your home’s performance. After the CEA has completed their work, they supply you with an EnerGuide Label. This label is similar to the EnerGuide labels on your appliances and will give you an indication of your home’s overall performance. The rating goes from 0–100, with 100 being best. The average new home in Alberta is built to an Energuide 72–74.

So now the real question: how much does this cost?

Depending on the builder and their economies of scale, expect to add $5,000–$5,500 to the sale price. Once you take your mortgage into account, the dollars really start to make financial sense. Borrowing $5,000 on a 25-year mortgage at today’s rate costs $290/ year—and you’ll save more than that on utilities each year. That means you’re not just getting greener, you’re getting a return on investment.

Now for the bonus: if you use mortgage insurance through CMHC or Genworth, there is a 10% rebate on those fees if your home meets their energy requirements.

These requirements are changing so see their websites for further information.

When it comes to energy efficiency, some well-placed dollars can go a long way.

DAVE TURNBULL

Product Development Manager Landmark Group

EnErgy EfficiEncy should comE standard. With us, it does.

48 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

Anthony Henday

30 Av

e.

101 Street

10

4

8

10 ALLARD

DEVELOPER: United Communities BUILDERS: Caliber Master Builder, Kimberley Homes, White Eagle Homes, Parkwood Homes, LOCATION: 111th Street & 30th Ave

6 15

7

QE II

3

12

1

DEVELOPER: Kimberley Communities BUILDERS: Kimberley Communities, Kimberley Homes LOCATION: South of Ellerslie Road just off 127 Street

16

50th St.

James Mowatt Tr.

9

9 RUTHERFORD ESTATES

11

Ellerslie Rd. (9th Ave.) 2

5

66 St.

Millwoods Rd.

23 Ave.

127 St.

91 St. Parsons Rd.

Calgary Trail South

Gateway Blvd.

111 St.

119 St.

30 Ave.

34 Ave.

11 RAVINES OF RICHFORD

DEVELOPER: Rohit Land Development BUILDERS: Celebration Homes, OPEN LOCATION: Ellerslie Road & Blackmud Creek Ravine

14 814

12 CALLAGHAN IN HERITAGE VALLEY

RR243

Township Road 510

1 ELLERSLIE HEIGHTS

DEVELOPER: United Communities BUILDERS: Landmark Legacy, Homes

by Avi, Landmark Communities, Landmark Homes, Park Royal Homes, Kirkland Homes LOCATION: North of Ellerslie Rd. on 66 Street

2 LAKE SUMMERSIDE

DEVELOPER: Brookfield Residential BUILDERS: Mosaic by Brookfield Homes, Axio by Brookfield Homes, Innovations by Jayman, Daytona Homes Master Builder, Landmark Homes, Homes by Avi, Pacesetter Homes, Landmark Classic Homes, Canyon Spring Master Builder, Aacropolis Homes LOCATION: Ellerslie Rd. & Parsons Rd.

3 CALLAGHAN

DEVELOPER: Rohit Land Dev. BUILDERS: Art Custom Homes, White Eagle Homes, D’Cor Homes, Rohit Communities, Celebration Homes LOCATION: 1 km South of Ellerslie Road on 111 Street SW

4 SUNSET VALLEY ESTATES DEVELOPER: VIP Development Group of Companies BUILDERS: Open LOCATION: South Of Ellerslie Rd. between 66 Street & 75 Street

DEVELOPER: MLC Group / JCA Financial BUILDERS: Landmark Communities, Sterling Squared, Simply Sterling, Rohit Communities, Innovations by Jayman LOCATION: South on James Mowatt Trail and North of 30 Avenue SW 3 min. to

Township Road 510

17

4



RR244

13 41st Ave. SW

south

34 Ave.

38 Ave.

39 Ave.

Beaumont

5 RUTHERFORD HEIGHTS

DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Sterling Homes, Look Homes LOCATION: James Mowatt Trail & Rutherford Rd.

6 WALKER LAKES NORTH

DEVELOPER: MLC Group / Cameron Communities BUILDERS: Cameron Homes, Crimson Cove Homes LOCATION: South of Ellerslie Rd. on 66 Street

7 THE FIELDS OF SUMMERSIDE DEVELOPER: Melcor Developments Ltd. BUILDERS: Bedrock Homes, Coventry Homes, Landmark Homes, Parkwood Master Builder, Daytona Homes Master Builder LOCATION: East on Ellerslie Road, South on 66 Street, to temporary access road on 19 Avenue SW

8 WALKER LAKES STATION

Beaumont area 13 ALLARD IN HERITAGE VALLEY

DEVELOPER: MLC Group / JCA Financial BUILDERS: Innovations by Jayman, Landmark Legacy, Rohit Communities, Jayman MasterBuilt, Sterling Homes LOCATION: South on James Mowatt Trail and South of 30 Avenue SW

14 THE ORCHARDS AT ELLERSLIE

DEVELOPER:Brookfield Residential BUILDERS:Front attached Homes: Homes

by Avi, Sterling Homes, Jayman MasterBUILT Rear-Detached Homes: Landmark Legacy Homes, Daytona Master Builder SemiDetached:Axio by Brookfield Homes LOCATION:turn south off of Ellerslie on 91st Street, turn east on 25th Ave SW.

15 WALKER SUMMIT

DEVELOPER:United Communities BUILDERS: RSL - Kirkland, Landmark, Morrison and Montorio Duplex - Morrison, Montorio and Innovations by Jayman LOCATION: South on Ellerslie to 66th Street.

DEVELOPER: MLC Group / JCA Financial BUILDERS: Cameron Homes, Greenboro Homes, Sterling Homes, Pacesetter Homes, Landmark Communities, Lincolnberg Communities, Tamarack Park, Sterling Squared, Landmark Legacy LOCATION: South of Ellerslie Rd. on 66 St.

16 AURORA

DEVELOPER: Melcor Developments BUILDERS: Bedrock Homes Coventry Homes, Landmark Homes Parkwood Master Builder,Trend Homes Lincolnberg Master Builder LOCATION : Southeast Edmonton south of Ellerslie Road on 66th Street

17 ROYAL OAKS

DEVELOPER: Cancom Development BUILDER: Konark Homes, Cancom Homes, Infiniti Homes, Open LOCATION : South on 101 Street to Towship Road 510. Turn east to EastVistas Blvd. (follow signs).

Home Sweet triple pane insulated

SUSTAINABLE FEATURES COME STANDARD

Home 49

SOUTH

66TH STREET

91ST STREET

PARSONS ROAD

CALGARY TRAIL

ANTHONY HEND AY DRIVE

ELLERSLIE ROAD (9TH AVENUE)

50

Integrity in real estate since 1923

showhomereview

CATALINA –

Bedrock Homes I

f you are looking for a move-up home away from the bright lights of the city, yet still close to amenities, Bedrock’s new showhome, the Catalina, should be on your wish list.

This 2,500-sq.-ft., two-storey home is in the new Aurora community in the city’s southeast. Located south of Ellerslie Road on 66th Street, Aurora is part of the larger Walker Lakes area. What separates Aurora from other communities is its nod to nature and the northern lights. Along with walking trails and three naturalized ponds with fountains, there will be stargazing platforms with placards to indicate various constellations.

It’s in this setting that you’ll find Bedrock’s Catalina. This $625,000 contemporary home showcases elegant and stunning features, starting with the foyer. A stunning circular staircase is front and centre, and open to above and below. Open risers and maple railing in a rich dark stain add to the dramatic staircase that leads to the second level. This showhome features a finished basement, and the stairs leading to the lower level are no less dramatic.

Back on the main level, double French doors open to an office to the left of the stairs. An oversized window makes for a sunny room that includes a closet for storage and hardwood floor.

Further into the Catalina is the heart of the home – the open concept kitchen, dining and Great Room. The showhome’s modern style really shines here, starting with the feature wall in the Great Room. The sleek, linear fireplace with stainless steel surround is finished with a floor to ceiling porcelain tile that mirrors the porcelain floor tiles in the foyer and bathrooms.

showhomereview

The kitchen boasts contemporary style with all the amenities you could want in a kitchen, including stainless steel appliances. A coffered ceiling and stylish light fixtures help set the tone. An oversized island with quartz countertop features a flush eating bar and a Silestone undermount sink.

State-of-the-art cabinetry includes soft close drawers, and spring-loaded doors on the upper cabinets eliminate the need for door handles. The high gloss grey-toned cabinets are finished in durable melamine for a sleek, contemporary feel.

The dining area is a seamless extension of the kitchen, where you can enjoy the results of your cooking. At 12 by 10 ft., the area can easily accommodate a large gathering.

Oversized windows here and in the Great Room keep the heart of this home filled with light.

A kitchen functions best when you are organized, and Bedrock has that covered in the Catalina. Off the kitchen and leading to the garage entrance are three walk-through rooms. The first is a cove, or miniature butler’s pantry, where a phone line keeps calls more private and the phone 52 New home Guide | dec 21, 2012 - jan 18, 2013

itself away from the kitchen hubbub. The cove also has shelving and storage.

Next is the walk-through pantry where canned and dry goods are conveniently at hand. Continuing from the pantry is the mudroom off the garage entrance where you can hang coats and add a bench for extra storage.

Heading upstairs you’ll find an art niche that adds to the drama of the circular staircase. At the top of the stairs is the main bath complete with quartz countertop, a chic glass tile backsplash, and a combination shower/bath.

To the left of the landing you’ll find the kid’s bedrooms, each a generous size. One includes a walk-in closet, while the other has mirrored closet doors. At the end of the hall is the stunning sunken bonus room. Vaulted ceilings and a soaring centre window are a breathtaking addition to this home. You’ll want to spend as much time as you can here, whether reading, enjoying a family movie or playing games with the kids.

To the right of the second floor landing you’ll find a laundry room equipped with a stainless steel washer and dryer, plus shelving and counter space to keep everything organized.

An expansive ensuite is a luxurious escape.

A corner soaker tub and walk-in glass shower with bench seating create the spa setting. A quartz countertop and a vanity tower add to the sumptuous hisand-her vanity.

Last, but certainly not least, is the impressive master suite. The bedroom, at 14 by 15 ft. is almost as large as the Great Room, and can easily fit a king-size bed. The walk-in closet includes well-designed built-in shelving and storage.

An expansive ensuite is a luxurious escape. A corner soaker tub and walk-in glass shower with bench seating create the spa setting. A quartz countertop and a vanity tower add to the sumptuous his-and-her vanity.

The finished basement adds extra living space with bedrooms and a full bath, plus a large area that could be used as a games room. There’s also a storage area under the stairs and more storage available in the mechanical room.

Bedrock is an energy-efficient home builder. The Catalina is built to BuiltGreen Gold Standard and includes triple-pane windows, Watch dog Water Proof basement and Heat Recovery Ventilator.

Visit the Catalina at 3105 Winspear Crescent, Monday to Thursday 3 to 8 p.m., weekends and holidays noon to 5 p.m. For more information visit bedrockhomes.ca or call 587.520.0935. dec 21, 2012 - jan 18, 2013 | New home Guide 53

Que

Calgary Trail SW

ee

SW

54 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

N

t

Come to life at theorchards.ca

91 St r

The Orchards at Ellerslie connects you to everything you need, and the courses you love. With a future 8-acre Orchards’ Club, an activity plaza and endless interconnected trails, it’s the perfect place to grow.

s Road son P ar

Homes starting in the $280’s

en Elizabeth Hw y

SOUTH

Ellerslie Rd.

SHOWHOME HOURS Saturday & Sunday: 12 pm - 5 pm Monday - Thursday: 2 pm - 8 pm Friday: Closed

25 Ave SW

:

SOUTH

The Orchards is wonderful in winter Outdoor activities don’t stop when the snow starts falling. The Orchards at Ellerslie comes alive during winter, with plenty of room for all your favourite cold weather pastimes. We have paths you can use for cross-country skiing, and space for building snowmen — or even a cool snow fort! Organize a neighbourhood snowball fight, or shinny tournament in a backyard ice rink. Spend an afternoon snowshoeing, or making snow angels. There’s winter fun to be found for everyone at The Orchards.

Nature can be enjoyed all year round, and there’s no better place in the city to experience it.

Get connected to our community, and get out there. Make your own little winter wonderland at The Orchards.

Move in today Ranging from the $280’s to $500’s, The Orchards’ well-designed homes have large floor plans, spacious rooms, and are master-crafted to meet your needs. Homes are move-in ready, so cozy up to your home in this beautifully connected community today.

REAR-DETACHED

DUPLEXES

Daytona Homes Master Builder

Axio by Brookfield Homes

Landmark Legacy Homes

Beautifully Connected.

FRONT-ATTACHED Homes by Avi Jayman MasterBUILT Sterling Homes

The Wilkinsons: fb.me/theorchardsatellerslie

SOUTH

56

SOUTH

FINAL PHASE NOW SELLING

PE

CALLAGHAN DRIVE

Southwest Edmonton’s Most Desirable Community!

ST OR PO M W ND AT E

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SEVEN OAKS

M

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AT

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RA

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CU

NN

IN

GH

AM

CA

Monsignor Fee Otterson School

JA

OR NT

Town Centre

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IN

ND

LA

Close to all major amenities, including shopping, schools, and transportation.

Final phase boasts lots backing onto park space, ample walking trails, ponds, and easy access to Blackmud Creek Ravine.

Call one of our builders to learn what it means to Live Life Well.

CA

IVE

AN

I NN

CU NG

BLACKMUD CREEK

Single Family Homes | 780-993-9090

VD

BL

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White Eagle Homes

NN IN GH

AM

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MULTI FAMILY

Art Custom Homes

IN E

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CA

L

CA

DR

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CU

Single Family Homes | 780-456-5393

MULTI FAMILY CONNELLY WAY

MULTI FAMILY

PARK

D’Cor Homes Single Family Homes | 780-289-3636

PARK

Final Phase

Showhomes Coming Spring 2013!

Live Life Well. LiveInCallaghan.com

SOUTH

58

SOUTH

LaSt StaGe Now SeLLiNG Single Family Home with Garage in Mature Neighbourhood

’ 340,000 s

$

from the

(including lot and GST)

• Last chance to own a home in one of the sought after established communities in south Edmonton • Easy access to Anthony Henday and minutes from recreation, shopping and services • Walk to school, parks and plagrounds • Beautiful treed boulevards, ponds and parks Landmark Legacy 780.702.3121 Homes by aVi 780.410.1945

Check information about the builders, lots, community and area amenities.

59

homesmarts

Bid adieu to this old house:

How to stage your home for maximum profit

by Marnie Bennett

Bright paint or outdated wallpaper?

Replace them with neutral wall colours and add vibrancy with throw pillows and vases.

60 New home Guide | dec 21, 2012 - jan 18, 2013

As if purchasing a new home isn’t intense enough, homebuyers (with the exception of firsttimers) also have to sell their current properties. The fact is, few homes are ready to go on the market as-is.

It’s not just a matter of tidiness – though that’s certainly crucial. It’s about helping potential buyers to connect emotionally with your space.

That means making your home welcoming to as many people as possible, often at the cost of your own personal taste. This isn’t easy, but a professional stager can help; your realtor may even have one on staff. If a stager isn’t in the cards, there are steps you can take on your own.

First off, de-clutter. Chances are, you’ve got twice as much stuff as you need to show your home to its best potential. In addition to removing obvious messes, this includes things like extraneous furniture, children’s toys, knick-knacks and family photos.

This can be emotionally difficult, but

Marnie Bennett is the marketing consultant 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

remember: the goal is to make it easy for potential buyers to imagine their own possessions in your space.

Next, fix unfinished projects. If buyers see loose floor tiles and cracks in the wall, they’ll wonder what other issues are lurking under the surface.

Don’t give them cause to worry.

To make rooms appear larger, replace puffy, over-sized furniture with sleeker pieces. In the bedroom, you’re better off showing a queensized bed and two small bedside tables than a king with none. To find the right pieces, you can beg, borrow and, if necessary, lease.

Bright paint or outdated wallpaper? Replace them with neutral wall colours and add vibrancy with throw pillows and vases. Splurge on fresh, sweetly scented flowers for an open house; they’ll pay for themselves.

Mirrors are a wonderful tool for filling empty walls. And, whatever the décor in your bathroom, thick white towels will lend a hotel-like vibe.

For extra curb appeal, give your front door a fresh coat of paint and temporarily take your storm door off the hinges. Invest in two urns; plant them with pretty, seasonal flowers. In winter, cedar branches draped with ribbon are just as beautiful.

I can guarantee that all this work will have a huge payoff, so keep your eyes on the prize. After all, in your brand new home, you can have things exactly the way you want!

• POPULATION: Approx 12,500 • LOCATED: 2 miles South of Edmonton on 50th street.

• SCHOOLS: 5 Schools from Kindergarten to Grade 12.

French Immersion offered in all.

• GROCERY: Sobeys, Extra Foods • RECREATIONAL FACILITIES: Beaumont Regional Activities Centre and numerous outdoor facilities.

• MEDICAL FACILITIES: 10 minutes to Grey Nuns Hospital. Served by Edmonton Ambulance.

• PARKS & PATHWAYS: Approximately 170 acres of parkland & km of inter-connected walkways.

•17 MINUTES TO THE AIRPORT

Come visit us and discover why

beaumont

AREA INFO

“Life is Better in Beaumont” for more information call 780-929-8782

or visit our website at town.beaumont.ab.ca

1 COLONIALE ESTATES

DEVELOPER: ARW Development Corp.

BUILDERS: Montorio Homes, Etiquette Homes LOCATION: 50 St. & Coloniale Way

2 GOUDREAU TERRACE

DEVELOPER: Qualico Communities BUILDERS: Landmark Homes, Open LOCATION: 50th Avenue & 62nd Street

3 PLACE CHALEUREUSE

DEVELOPER: Mandalay Developments BUILDERS: Royer Homes, Orca Homes, Goldenwood Homes, Davies & Company, Landmark Communities LOCATION: 50 Street & Blvd. Soleil

4 TRIOMPHE ESTATES

DEVELOPER: S&D Group Development Ltd BUILDERS: Abington Homes, Ashton Homes, Royer Homes, Open LOCATION: 44 Ave. just off 44 St.

5 DANSEREAU MEADOWS

DEVELOPER: United Communities BUILDERS: Caliber Master Builder, Landmark Homes, Landmark Communities, Pacesetter Homes LOCATION: West on 50th Street at Rue Montalet (follow the signs)

6 RUISSEAU

DEVELOPER: Qualico Communities BUILDERS: Look Homes Master Builder.

LOCATION: It is located on the south side of 50th ave at about 66st.

7 ROYAL OAKS

DEVELOPER: Cancom Development BUILDERS: Konark Homes, Cancom Homes, Infiniti Homes, Open LOCATION: From Beaumont: West on Township Road 510 to East Vistas Blvd. (follow signs) From Edmonton: South on 101 St. to Township Road 510, east on Township Road 510 to East Vistas Blvd. (follow signs)

EXECUTIVE LIFESTYLE LOTS NOW AVAILABLE CREATE POSSIBILITIES.

WE’RE BUILDING A COMMUNITY TOGETHER. JOIN US.

Visit cancomdevelopment.com or contact us at 780.442.1111 for more information.

61

BEAUMONT

FREE GOLF

AT COLONIALE WITH NEW HOME PURCHASE*

A master planned family community • A striking community nestled around our ‘championship’ Coloniale Golf Course • Enjoy a friendly small town family lifestyle - with big city proximity • Master planned living with parks, shops, schools (offering French Immersion)

• Quality control through architectural guidelines to protect your investment • Less than 15 minutes from the Edmonton International Airport

V I S I T O U R S H O W H O M E S TO DAY

N

Showhomes Open Weekdays 3pm to 8pm Weekends 12pm to 5pm, Closed Fridays

50 Street

Ellerslie Rd

Coloniale Way

d ade Blv

d ouchar

Rue Blanchard

BEAUMONT

Promen

Rue B

Show Homes

ETIQUETTE HOMES MONTORIO HOMES

780-951-7992 780.476.7070

*Ask your builder for terms and details regarding free golf.

62 NEW HOME BUYERS GUIDE | APR 16 - MAY 14, 2010

BEAUMONT

DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 63

gettingyourfinancesinorder

End-of-year

tax tips

Nobody likes to pay too much tax, but a bit

of planning can reduce your tax liability.

“It’s not too late to change what will go on your 2012 tax return when this season rolls around,” says Gary Dent of the accounting firm Grant Thornton.

Dent recommends talking to your accountant about these last-minute tax planning tips:

» If you have a capital gain in 2012 (or in any of the last three years), talk to your accountant about selling investments with accrued losses before the end of the year. If your spouse has realized a capital gain and you have an unrealized loss (or vice-versa), there are ways to transfer the loss to the spouse with the gain. » Since most mutual funds distribute income and capital gains once a year around mid-December, deferring the purchase until January will mean that you won’t have to report any income for 2012. If you’re planning to sell, consider doing it before the distribution date so instead of reporting an income allocation, you’ll realize a capital gain or loss. » Make certain payments before the end of the year to realize tax savings: some medical expenses; fitness costs 64 New home Guide | dec 21, 2012 - jan 18, 2013

and registration fees for artistic, cu lt u r a l , r e cr e at ion a l or development activities for your children under 16 (under 18 for disabled children); public transit costs; investment costs (safety deposit box rental, interest and brokers’ fees); moving costs; tuition fees and interest on student loans; and charitable and political donations. » With current interest rates at very low levels, you might want to consider loaning funds to a spouse or common-law partner who is in a lower marginal tax bracket than yourself. Your spouse can invest the loan proceeds and include any income/capital gains as their own, provided you are paid interest on the loan at the prescribed rate in effect at the time the loan is made. Work with a tax planning professional to understand the rules. » Most people must make their 2012 RRSP contribution

by March 1, 2013, but you can delay your RRSP contribution if you expect to be in a higher tax bracket in the near future, or you can make the contribution but delay claiming the amount. » You may also be able to make contributions to a Registered Education Savings Plan, Registered Disability Savings Plan and a Tax-Free Savings Account. There is no tax on the income earned in an RESP or RDSP until the amounts are withdrawn, and any income earned in a TFSA is never taxed.

You can start to collect CPP benefits beginning as early as age 60 and as late as age 70, but you no longer have to be retired to begin receiving payments. If you are between 60 and 65 years of age and have not yet retired, you need to decide if you want to start collecting benefits. » The government imposes a “clawback” on your Old Age Security payments if your net income for 2012 exceeds $69,562. If you have the ability to manage the amount of income you receive in a year, keep this threshold in mind. » In general, charitable donations over $200 result in tax savings at the highest marginal tax rate.

While these tips aren’t a substitute for the recommendations of your tax adviser, and individual circumstances vary, the ideas can help begin the conversation with your accountant. More information and guidance is available online at grantthornton.ca NC

45 St.

•P opulation: 17,000 and growing “Small city” living within minutes of “Big city” amenities.

44 St.

50 St.

3 Calmar

AREA INFO • Located: 20 km south of Edmonton on Hwy 2

Telford Lake

4

1

• Grocery: Variety of shopping.

Rollyview Rd.

Hi gh wa y2 A

8 2

To Calgary

42 St.

QE II

5

•S chools: 7 Elementary, 2 Junior & Senior high. Public, Private & Separate school systems.

C.W. Gaetz Drive

Black Gold Dr.

1

Coady Blvd.

42 Ave.

St. 50

6

Alton Dr.

Grant MacEwan Boulevard

Hwy 60

50 Ave.

7

9

To Wetaskiwin

1 MEADOWVIEW PARK

DEVELOPER: Qualico Communities BUILDERS: Stardust Homes, Open LOCATION: Coady Blvd. & McDowell Wynd, South of Rollyview Rd.

6 ASPEN CREEK

DEVELOPER: Maclab Enterprises BUILDERS: Barr Canna Homes, Moduline Homes LOCATION: Suntree Promenade & Aspen Creek Way

2 TRIBUTE

DEVELOPER: Qualico Communities BUILDERS: Greenboro Homes, Tristate Signature Homes LOCATION: Dunlop Wynd & Caledonia Dr.

4 Windrose

DEVELOPER: Maclab Enterprises BUILDERS: Homes by Sher-Bilt, Cornerbrook Construction, Jacob’s Construction, McLean & McLean Custom Homes LOCATION: Exit at 50 Ave off Highway 2, proceed west, then go south on RR 253 to Windrose

•M edical Facilities: Full Service Community Hospital and Full Ambulance Service.

•P arks & Pathways: 27 parks including Telford Lake, Fred John’s Park & Lions Campground.

7 WEST HAVEN PARk

DEVELOPER: Melcor Developments Ltd. BUILDERS: Encore Master Builder Santos Construction Ltd., Homexx Corporation LOCATION: West on 50th Ave, South on West Haven Boulevard

3 BRIDGEPORT

DEVELOPER: Melcor Developments Ltd. BUILDERS: Santos Construction Ltd., Encore Master Builder, McLean & McLean Custom Homes Ltd., Western Living Homes LOCATION: Take 50 Ave,turn right on Bridgeport Crossing

• Recreational Facilities: Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public Library.

leduc

Highway 39 To Calmar

8 SOUTHFORK

DEVELOPER: Tamani Communities BUILDERS: Dolce Vita Homes, Homes

by Avi, Innovations by Jayman, Jayman MasterBUILT LOCATION: Highway 2A & 50th Street

9 ROBINSON DEVELOPER: Beaverbrook

Developments BUILDERS: Bedrock Homes, Dolce Vita Homes, Homes by Sher-Bilt, Western Living Homes LOCATION: South of Rolly View Road on C.W. Gaetz Drive

THE CITY OF LEDUC,

a thriving Industrial, Commercial & Agricultural Community continues to experience growth and expansion.

“A great place to call home!”

For more information contact The City of Leduc at 780-980-7177

5 SUNTREE

DEVELOPER: Maclab Enterprises BUILDERS: Kimberly General Partner, Cobblestone Master Builder, Bedrock Homes, Caliber Master Builder, Entity Homes LOCATION: Grant MacEwan Boulevard & Suntree Promenade

The grass will be greener, just like your wallet.

65

themortgageminute

WHAT’S ALL THE FUSS ABOUT A

‘market correction’?

by PETER KINCH

PICK UP ANY NEWSPAPER TODAY AND NO ONE

could blame you if you got a little worried about the state of the economy or the fear of a pending market correction in Canadian real estate. What if Greece defaults? What about the “fiscal cliff” in the US? Are Canadians taking on too much debt? Have mortgage rules gone too far? Is there a housing bubble about to burst? What if there is a market correction?

The real question is, do Canadian homeowners or prospective buyers need to be concerned? Every time there is talk about a market correction in Canadian real estate, the tone is quite negative. But let’s take a closer look at that situation: rather than argue about whether we may have a market correction, let’s analyze what it really means to Canadians if there is one.

FIRST-TIME HOMEBUYERS: If you’re a first-time homebuyer, you have likely felt the pinch of the rising cost of housing, and the new mortgage rules certainly haven’t helped any either. So a slight market correction would be welcome news for you; you can still get into homeownership with only five per cent down, but since your maximum amortization is now limited to only 25 years, a drop in pricing is exactly what you’ll need to be able to get into this market.

Conclusion: A market correction is a good thing for you.

66 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

CURRENT HOMEOWNER BUYING OR SELLING – MOVING UP OR DOWNSIZING: It is very rare that someone buys something without selling something fi rst, and vice versa. If you are a homeowner and you’re looking for the right time to sell your house so you can buy another, you may be concerned that the price of your current home is dropping. But let’s take a closer look at that: assume the value of the house you are selling drops by 10 per cent. Let’s also assume that you plan to buy another home (whether upsizing or downsizing). The key to remember in a downturn market is that the person selling their home to you is going through the exact same thing. In other words, if the value of your home dropped 10 per cent, so too did the value of the new home you are buying. Focus on what your bottom line “net” is, rather than what you thought or had hoped to sell your home for.

Conclusion: in most cases, the net effect of a market correction is zero.

C O N T I N U E D O N PA G E 6 8 . . .

LEDUC

You shouldn’t have to sacrifice livability for affordability.

Good thing West Haven Park is now on the map. We planned our community with tree-lined streets, playgrounds, fountains and walking paths—and just enough room for your family’s home.

Visit our showhomes at Black Gold Drive & West Haven Drive

Integrity in real estate since 1923 67

themortgageminute |

CONTINUED

Real estate investor or second-home buyer: If you are buying real estate as an investment either for cash flow or as a second home, then this is the perfect market condition for you. When there are more sellers than buyers, you have more bargaining power. If you are able to negotiate a better deal and pay a little less for the property you are looking for, it simply makes the deal that much more affordable.

Conclusion: you should be hoping for a market correction.

Current homeowner with no plans to sell: The majority of Canadians fall into this category, and let’s be honest – the single biggest reason we worry about a housing correction is the fear that it will erode our home equity and net worth. Over the last decade, a significant amount of the net worth of Canadians has been tied up in their home equity, and this has provided the foundation for a lot of retirement plans – so there is obvious concern.

But should there be? Again, let’s look at the facts.

For the majority of Canadians, the plan is to stay in their current house for at least the next three to five years. So here’s a simple fact: equity is only gained or lost the day you sell. In other words, if the value of your house were to drop by 10 per cent tomorrow, you may feel anxiety over the drop in your net worth – but it would only be on paper unless you actually sold your house tomorrow. If you have no intention of selling soon and you can still afford your monthly payments, then all you need to do is sit and wait and go about your normal life until the market bounces back – which it has always done for the past 100 years.

Conclusion: a market correction may very well have zero impact on you.

68 New home Guide | dec 21, 2012 - jan 18, 2013

Bottom line: a lot of people will fret about this topic over the water cooler tomorrow morning – but the majority of them really don’t need to.

In the end, the headlines will continue to talk of impending market corrections. The key for you is to decipher one of three things: 1. Is this a real concern for you?

2. Is this an opportunity? Or, 3. A m I just getting worked up about nothing?

Bottom line: a lot of people will fret about this topic over the water cooler tomorrow morning – but the majority of them really don’t need to.

Until next time, this is the Mortgage Minute.

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

DEVELOPER: Touchmark BUILDERS: Phase 1: Westhill Construction Ltd. Phase 2: Celebration Homes LOCATION: 183 St & Lessard Road

7 COPPERWOOD

DEVELOPER: The Grange South West Property Corporation BUILDERS: Open LOCATION: Hemingway Rd. & 199 Street (between 45 Ave. & 62 Ave.)

west

6 TOUCHMARK

8 CAMERON HEIGHTS 35 Ave.

1 LEWIS ESTATES

DEVELOPER: Cameron Heights Joint Venture BUILDERS: Canyon Spring Master Builder, Hillview Homes Master Builder, Landmark Homes, Darren’s Homes, Classic Landmark Homes, Pacesetter Homes, Kanvi Homes, Marcson Homes, Look Homes LOCATION: South on Anthony Henday to Cameron Heights Drive.

12

DEVELOPER: Lewis Estates Communities Inc. BUILDERS: ReidBuilt Homes, Challenger Homes, Landmark Homes, Western Living Homes, Canyon Spring Master Builder, Marquee Homes, Paulmac Developments, Lincolnberg Homes, Lincolnberg Communities MEADOWLANDS ESTATES Homexx Corporation, Western Living Homes,Canyon Spring Master Builder, Stonegate Developments MEADOWLANDS Encore Master Builder, Landmark Legacy Homes, Lincolnberg Homes SUDER GREENS Reid Built Homes, Challenger Homes, Landmark Homes, Hillview Homes LOCATION: West of Anthony Henday on 87th Ave.(Webber Greens Dr.) WEBBER GREENS Estate Homes-Western Living Homes, Canyon Spring Master Builder, Marquee Homes, Move-Up Homes-Landmark Homes, Challenger Homes, Reid Built Homes

2 WEDGEWOOD

DEVELOPER: Reid Worldwide Corporation BUILDERS: ReidBuilt Homes LOCATION: Corner of Lessard Road & 180th Street

3 THE PROPERTIES OF DONSDALE

DEVELOPER: Alldritt Land Corporation LP BUILDERS: Open LOCATION: 178 Street south to Lessard Road turn on Danbury Boulevard & follow the signs

4 PARKLAND

DEVELOPER: Brookfield Residential BUILDERS: Daytona Homes Master Builder, Parkwood Master Builder, Park Royal Homes, Landmark Homes, Canyon Spring Master Builder, Brookfield Homes, Sterling Homes, Classic Communities.

LOCATION: 199 Street & 62 Avenue (Callingwood Rd)

5 HAMPTON TERRACE

DEVELOPER: Qualico Communities BUILDERS: Rohit Communities, Sterling Homes LOCATION: 199 St. just south of 45 Ave.

Good neiGhbour Act #9 Getting a welcome to the neighbourhood gift from your new neighbours as soon as the moving trucks pull out of the driveway.

SHOW HOME HOURS: Monday to Thursday 2 - 8pm

Weekends & Holidays Noon - 5pm Fridays - Closed

9 HAMPTON POINTE

DEVELOPER: Beaverbrook Developments BUILDERS: MacLachlan & Mitchell Homes, Bedrock Homes, Dolce Vita Homes LOCATION: Take Anthony Henday, turn West on Lessard Road.

10 GRANVILLE

DEVELOPER: Alldritt Land Corporation LP BUILDERS: Alldritt Homes, Bedrock Homes, Crimson Cove Homes, Infiniti MasterBuilt, Kanvi Homes, Kimberley CustomBuilt, Pacesetter Homes, Parkwood Master Builder, San Rufo Homes LOCATION: SW corner of Whitemud Dr. and Guardian Rd.

11 SECORD

DEVELOPER: Hopewell Residential Communities BUILDERS: Daytona Homes Master Builder, Innovations by Jayman, Jayman MasterBUILT, Prominent Homes, Sabal Homes LOCATION: North of Whitemud Dr. on 215 Street

12 WOODHAVEN -EDGEMONT DEVELOPER: Walton Development and Management LP BUILDERS: Montorio Homes, Coventry Homes, Sabal Homes, Pacesetter Homes LOCATION: 199street and 35 ave

It’s the people... that make Secord special!

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1 ASPEN TRAILS/EMERALD HILLS

DEVELOPER: Genstar Development Co. BUILDERS: Coventry Homes, Greenboro Homes, Park Royal Homes, Sterling Homes, Landmark Communities, Christensen Developments LOCATION: Clover Bar Rd. North of Baseline Rd.

2 SHERWOOD GOLF & COUNTRY CLUB ESTATES

DEVELOPER: VIP Development Group BUILDERS: Open LOCATION: South of Wye Rd. on Range Rd. 233 Across from Fountain Creek Estates

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7 Summerwood

DEVELOPER: Qualico Communities BUILDERS: Challenger Homes, ReidBuilt Homes, MacLachlan Mitchell Homes, Open LOCATION: East of Clover Bar Road on Foxboro Drive

DEVELOPER: Landrex Developers BUILDERS: Open LOCATION: South of Wye Rd. on Rge. Rd. 233

5 ARDROSSAN HEIGHTS

DEVELOPER: Strata Developments BUILDERS: Open LOCATION: 4 miles east of Sherwood Park on Baseline Road North at RR 824 to Ardrossan NEW LOTS COMING SOON!

DEVELOPER: Genstar Development Co. BUILDERS: Challenger Homes, Landmark Homes, Ironwood Homes, Rohit Communities, Homes by AVI, Daytona Homes Master Builder LOCATION: Cloverbar Rd. & Crimson Dr.

sherwood park

Lakeland Dr.

DEVELOPER: Qualico Communities BUILDERS: Jayman MasterBUILT, Pacesetter Homes, Rohit Communities, Open LOCATION: East of Clover Bar Rd. North of Baseline Rd. on Lakeland Dr.

77

FORT SASKATCHEWAN YOUR BUILDER FOR CUSTOM HOMES, FARMS & ACREAGES OVER 42 YEARS OF “SOLID VALUE” CONSTRUCTION NEW SHOWHOME OPENING SOON IN SOUTHFORT ESTATES

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DONATE TODAY. STOLLERYKIDS.CA With your support, the Stollery Children’s Hospital Foundation is able to provide life-saving equipment, research that paves the way for new treatments and cures, medical innovations and specialized training, so that every child has the chance to go home again.

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Here’s what you can do to Recycle, Renew and Reuse • Keep your car in good working order. Tune-ups and filter changes cut down on exhaust emissions, and you’ll get better gas mileage.

When you change your oil, take your used motor oil to a recycling centre.

• Use available transit alternatives.

• Separate your garbage. Glass, aluminum, paper and even plastic can be recycled. If a recycling program is not directly available to you, contact your municipal sanitation department.

• Donate reusable clothing and linens to charity.

Most pick-up regularly in your area.

• Become environmentally active in your community.

You can make the world a better place to live... now and for future generations.

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78 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

• POPULATION: Over 18,653 • LOCATED: Adjacent to the northeast boundary of the provincial capital, the City of Edmonton-15 minutes close.

• SCHOOLS: 6 Public Schools, 3 Separate Schools, 1 Christian School.

• GROCERY: Sobey’s Station Square, Canada Safeway, No Frills.

• RECREATION & CULTURE FACILITIES: Dow Centennial Centre, Tennis courts, campground, baseball diamonds, golf course, indoor pool, outdoor ice rinks (2), curling rink, 3 arenas, indoor soccer, gymnasium, fitness centre, performing arts theatre, visual arts gallery, pottery studio.

• MEDICAL FACILITIES: New Hospital Opening in 2012, 5 Medical Clinics.

• PARKS & PATHWAYS: 360 hectares of park/ recreational/ natural land with 30 kilometres of paved trails for walking, running, biking, rollerblading and cross-country skiing.

6

8

1 WESTPARK

DEVELOPER: Landrex Developers BUILDERS: Landmark Homes, Beattie Homes, ReidBuilt Homes, Stoneridge Homes, Concept Homes, Daytona Homes Master Builder LOCATION: West side of Hwy. 21 between Westpark Blvd along Westpark Drive

2 SOUTHPOINTE

DEVELOPER: MLC Group/Cathton Holdings BUILDERS: Landmark Communities, Tristate Signature Homes, Active Homes, Impact Homes, IRONCO Master Builder, Integra Homes LOCATION: Junction of Hwy. 21 and Hwy. 15 on 94 Street

3 SOUTHFORT RIDGE

DEVELOPER: Strata Developments BUILDERS: Greenboro Homes, Coventry Homes, Rundle Homes, CMK Homes, Anez Homes, DaVinci Developments LOCATION: Southfort Blvd & Ridgeland Way

4 SOUTHFORT MEADOWS

DEVELOPER: Strata Developments BUILDERS: Homexx Homes, Landover Homes, Rayborne Homes, Stoneridge Homes LOCATION: Southfort Drive & Meadowview Drive

5 SOUTHFORT ESTATES

DEVELOPER: Strata Developments BUILDERS: Concept Homes, Homexx Homes, Landover Homes, Rundle Homes, Open LOCATION: Southfort Drive & Greenfield Way

6 FOREST RIDGE IN WEST PARK

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Sterling Squared, Pacesetter Homes, Homes by Santos, Open LOCATION: Westpark Drive & Cranberry Bend

A quiet, friendly, family oriented community.

7 WEST WOODLANDS

“Life is good here!”

DEVELOPER: Strata Developments BUILDERS: Oleksyn Homes, Clearview Homes, Open.

LOCATION: 55 St. & Sunset cres. Bruderheim

For more information contact Jasmine Zebic 780-992-6408

8 SIENNA

DEVELOPER: Qualico Communities BUILDERS: Daytona Homes Master Builder, Sterling Homes, Sterling Squared, Rohit Communities, Open LOCATION: South on 94 Street to Sienna Gate

or visit our website at www.fortsask.ca or email: jzebic@fortsask.ca

NOW OPEN! 168 Durrand Bend Fort Saskatchewan

IMMEDIATE POSSESSION AVAILABLE ON SEVERAL HOMES CALL OR EMAIL FOR MORE INFO

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AREA INFO

7

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79

gettingyourfinancesinorder

Canadians resolve to better manage their finances in 2013:

RBC Canadian Consumer Outlook

Heading into 2013, more (37 per cent) Canadian consumers feel their personal financial situation will improve than they did at this same time last year (32 per cent) and they are taking steps to be in better financial shape, according to the quarterly RBC Canadian Consumer Outlook.

Looking ahead, one-in-three Canadians (31 per cent) are planning to focus on reducing their debt, 26 per cent on spending less, 25 per cent on saving or investing more, and another 20 per cent intend to take all of these actions in 2013. Canadians are also sending out a strong signal that less money will be going toward major purchases in 2013, with 44 per cent reporting they will spend less on big ticket

items such as cars, household appliances or vacations. This is consistent with findings released earlier this month that Canadians intend to be more frugal this holiday season and that managing their debt is a key priority.

“Canadians may believe brighter days are ahead because they are making resolutions to better manage their finances by reducing debt and curbing spending not because of their outlook on the Canadian economy,” says Richard Goyder, vice-president of personal lending, RBC. “While New Year’s resolutions may start with great intentions and fizzle out later in the year, setting out a plan to reduce your debt, keep it under control and save more for that rainy day will help keep you on track.” cont i n u e d on p a g e 8 2 . . .

80 New home Guide | dec 21, 2012 - jan 18, 2013

FORT SASKATCHEWAN Y

HW

THE PLACE FORT TO BE FOR SASKATCHEWAN EVERYONE...

COME BUILD ★ ★ YOUR FUTURE WITH US ★ STRATA DEVELOPMENTS 15

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780.481.4375 www.STRATADEVELOPMENTS.ca

For lot information call Andrew. 780.822.0086 THE ESTATES THE MEADOWS LOTS 1/3 Acre & Up! BRAND NEW

NEW SHOWHOMES NOW OPEN! See new and unique designs in New Home construction, all in one community.

THE RIDGE

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Purchase lot privately and choose your own builder!

The perfect place for your growing family!

Brand New Show Homes From:

Homexx Homes 780-733-7924 Landover Homes 780-416-9122 Rayborne Homes 780-998-9245 Stoneridge Homes 780-997-0525

Concept Homes Homexx Homes Landover Homes Rundle Homes

THE RIDGE

Builders Group:

New single family and duplex houses from:

CMK Homes, Anez Homes, DaVinci Developments, Rundle Homes & More!

DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 81

finances |

CONTINUED

Looking ahead, one-in-three Canadians (31 per cent) are planning to focus on reducing their debt, 26 per cent on spending less, 25 per cent on saving or investing more, and another 20 per cent intend to take all of these actions in 2013. person budgeting advice any time of the year from a financial planner at your local bank branch; there are also online resources to help you get started. » Make your credit card work for you: Credit cards can help you keep track of your expenses and also earn valuable rewards more quickly, but whenever you use your credit cards, do so wisely – pay off your full balance before the due date each month.

The most recent Economic and Fiscal Update issued by the federal government in November estimated that Canada’s real GDP will grow by two per cent in 2013. RBC » Have an emergency fund: Unexpected expenses can catch Economics is currently forecasting the Canadian economy you off-guard throughout the year. An emergency fund can will grow by 2.4 per cent in 2013. help you take care of unplanned costs without straining “The Canadian economy has been growing at a rate close your budget. to its long-run potential,” says Craig Wright, senior vicepresident and chief economist, RBC. “However, we will » Compare loans to lines of credit: If you are planning a have a sharper picture of Canada’s future growth prospects major expense in the new year (buying a car, renovating when the U.S. addresses the fiscal cliff and European policy your home, investing in your RRSP), explore whether a makers can move the Eurozone out of recession and address loan or a line of credit will work best to help you manage fiscal and financial market imbalances.” that expense.

Top 10 Financial Tune-up Tips for 2013

» Reduce your debt: If you are among the 31 per cent of Canadians who plan to focus on reducing debt next year, you can start off by paying down debts which have the highest interest charges first. » Consolidate your debt: To make all your debts easier to manage and pay down, talk to a financial advisor about consolidating your debts. Combining multiple payments into one loan can help make it easier to manage your debt and you may even reduce your interest costs and be able to pay down your debt sooner. » Budget for the year ahead: Having your own budget allows you to manage your expenses, pay down debts and save for future goals. If you don’t have a budget, set one up for the new year; if you already have one, the beginning of a new year is a good time to do a budget review. You can get in82 New home Guide | dec 21, 2012 - jan 18, 2013

» About to buy a home? Get pre-approved for a mortgage: To get a better idea of your price range before you buy your first home, apply for a pre-approved for a mortgage, with professional advice that will help you understand the long term costs and choose the right mortgage option to suit your needs. » Review your investments: The start of any new year is a good time to review the mix of assets in your investment portfolio and to recheck your risk profile, to see if you need to make any adjustments. » Use all your income tax deductions: Remember to pay all tuition fees, investment management fees, accounting and legal fees if deductible, safe deposit box fees, childcare expenses, alimony, medical expenses and any business expenses by Dec. 31 of the year, if you want to deduct them on that year’s tax return.

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5 erin ridge

2 Pinnacle Ridge Estates

6 THE MANORS OF OAKMONT

DEVELOPER: Canterra Developments Corp.

BUILDERS: Open LOCATION: Poirer Ave, just off Sir Winston Churchill Ave.

DEVELOPER: Pinnacorp Investments Inc. BUILDERS: Homes by Design Innovation Inc., Heredity Homes, Davery Consulting & Custom Homes, Marco Antonio Homes, Kingsgate Homes Master Builder, Ironstone Homes, Alves Construction Inc., Caliber Master Builder Ltd., SamTon Homes Ltd., Open LOCATION: Sturgeon Road to Starkey Road and Bellerose Drive

3 Lacombe Park Estates

DEVELOPER: Genstar Development Co. UILDERS: Gannet Homes Master B Builder, Newview Homes LOCATION: Giroux Rd. & Lacombe Dr.

4 North Ridge

DEVELOPER: Genstar Development Co. BUILDERS: ReidBuilt Homes, Sarasota Homes, Daytona Homes Master Builder, Homexx Homes, Ironstone Homes, C2 Homes, San Rufo Homes LOCATION: Northridge Dr. and Giroux Rd.

DEVELOPER: Qualico Communities BUILDERS: Daytona Homes Master Builder LOCATION: Coal Mine Road and Everitt Drive.

DEVELOPER: Melcor Developments Ltd. BUILDERS: Sarasota Homes, Homes by Lenden LOCATION: Bellerose Drive to Oakridge Drive to Otter Crescent

7 THE elements of erin ridge

DEVELOPER: Landrex UILDERS: Bedrock Homes, Daytona B Homes Master Builder, Parkwood Master Builder, Gannet Homes Master Builder, 4 Pillar Homes LOCATION: Directly adjacent and north of Erin Ridge off Coal Mine Road.

9 THE BRICKYARD

DEVELOPER: Melcor Developments BUILDER: Sarasota LOCATION: Bellerose Drive east of Brick Place on Oak Vista Drive

10 GREYSTONE MANOR

DEVELOPER: VIP Development Group Of Companies BUILDERS: Open LOCATION: North on St. Albert Trail and turn right onto Coal Mine Road

11 Upper Manor Pointe

DEVELOPER: Upper Manor Pointe BUILDERS: Open LOCATION: Corner of Coal Mine Road & Starkey road

8 RIVERSTONE POINTE

DEVELOPER: Riverstone Pointe Inc. BUILDERS: Heredity Homes, Homes By Design Innovations, Marco Antonio Homes, Kingsgate Homes Ltd Master Builder, Audie Benson Estate Home LOCATION: Sturgeon Road to Starkey Road, Right on Trestle Ridge Road

83

NOW PRESELLING INTO HARVEST RIDGE STAGE 12C & 13 AND SOUTHFORT MEADOWS

Show Home Locations The Elements of Erin Ridge North 10 Executive Way North, St Albert 780-733-7920 Harvest Ridge – Single Family 188 Harvest Ridge Dr., Spruce Grove 780-733-7922 Harvest Ridge – Rear Parking Lane 11 Hewitt Circle, Spruce Grove 780-733-7923 North Ridge 133 Northridge Dr., St. Albert 780-733-7921 Southfort Estates 9 Greenfield Bend, Fort Saskatchewan 780-733-7924 Southfort Meadows 404 Meadowview Drive North Fort Saskatchewan Spruce Ridge Gardens Under construction Spruce Grove West Haven Park 2 New Showhomes Opening 2013 Leduc Showhome Hours: Mon-Thur 3-8pm, Weekends & Holidays: 12-5pm Office: 780.489.3028 sales@homexx.ca

HOMEXX.CA

84

communityprofile

Genstar presents North Ridge: The country side to city living

W

elcome to the neighborhood of North Ridge, where residents can enjoy all the benefits of big city amenities, while still experiencing the simple pleasures of a small town atmosphere. “Dixon’s Pond creates a social centre by allowing a place where children can explore and adults can relax.” This Genstar Community boasts coveted lakeside locations and convenient access to Ray Gibbons Drive and the Anthony Henday – plus the city of Edmonton is only a quick drive away. Situated just minutes from

downtown St. Albert, this thriving neighborhood features a picturesque landscape filled with scenic walking trails, charming parks and a natural tree stand that creates a peaceful environment.

Residents of North Ridge will enjoy all that the city of St. Albert has to offer. Three quality school systems, including public and catholic schools, are available. The business community in St.Albert is well established, and the city is filled with prosperous local businesses as well as reputable national brand service and retail outlets, such as Wal-Mart. dec 21, 2012 - jan 18, 2013 | New home Guide 85

communityprofile

There are an abundance of features and amenities around North Ridge - and they are all just a few minutes away! Restaurants, banks, a hospital, and shopping outlets such as St. Albert Centre Mall are all nearby. Servus Place offers residents a state of the art activity center that features a 2,000-seat performance arena, two regulation NHL-sized ice sheets, a water play park, fitness and wellness studios, a four lane running track, and much more.

For over 50 years the Genstar Development Company has been pursuing its vision “to stand out from the crowd, whether measured by fairness, integrity, professionalism, or achievement in building financial value”. Genstar is known as a company that consists of professionals in the industry who share the organizations’ culture and key values. With numerous successful developments found across both Canada and the United States, home buyers can be confident that North Ridge has been developed to the highest of standards. The neighbourhood is carefully planned and built to create a neighbourhood for families to call home.

The exceptional development features quality home builders, including San Rufo Homes, Ironstone Builders, C2 Homes, Homexx Homes, and Vista Homes. With such a great variety of homes to choose from, buyers are sure to easily find a home that suits their personal and family needs. North Ridge offers single-family front attached

homes built in the traditional St. Albert style that start in the $415’s, in a range of sizes.

For more information or to learn more about the community of North Ridge call 780.484.4366, or visit www.genstar.com. Show homes are located throughout the community and are open Monday to Thursday 3pm-8pm. Saturday, Sunday and Holidays from noon to 5pm.

Situated just minutes from downtown St. Albert, this thriving neighborhood features a picturesque landscape filled with scenic walking trails, charming parks and a natural tree stand that creates a peaceful environment.

You won’t want to leave our showhomes.

The perfect blend of city and country living.

Northwest St. Albert is home to the vibrant, maturing neighbourhood of North Ridge. Minutes from downtown St. Albert, North Ridge offers walking trails, parks and natural tree stands. Both naturalized storm lakes are surrounded by walkways with viewing plazas overlooking the lakes.

88 New home Guide | dec 21, 2012 - jan 18, 2013

ST. ALBERT

Come visit the family-friendly community of North Ridge St. Albert residents already know the benefits of this close-knit City; a family-friendly place built from a proud town heritage. The City of St. Albert is exceptionally well planned and offers three quality school systems, community walkways, a variety of lifestyle activities for youth and adults, as well as a prosperous business community.

Visit showhomes by C2 Homes, Homexx Homes, Ironstone Homes, Reid Built Homes and San Rufo Homes for more information on their home models.

With easy access via Ray Gibbon Drive, low interest rates, excellent choice of builders and great selection of lots, there has never been a better time to make your move to the family friendly community of North Ridge – Visit our showhome builders today!

Visit our St. Albert Community New Showhomes by: C2 Homes 780.934.4979 Homexx Homes 780.472.3307 Ironstone Homes 780.458.9515 San Rufo Homes 780.569.5122

780.484.4366 • genstar.com dec 21, 2012 - jan 18, 2013 | New home Guide 89

SPRUCE GROVE

Changing Your Address?

Plan Ahead… There Always is the Chance That Something May be Overlooked!

As soon as possible… notify individuals, companies and institutions that your address will be changing, either by phone or by mailing the change-of-address cards from your post office. The following checklist will serve as a convenient reminder: ❏ Accountant ❏ Alumni Association ❏ Attorney ❏ Banks

❏ Lending Institutions

❏ Credit Cards

❏ Magazine / Newspaper Subscriptions

❏ Dentist

❏ Physicians

❏ Driver’s License

❏ Place of Worship

❏ Employers

❏ Revenue Canada

❏ Frequent Flyer Program

❏ Stockbroker

❏ Catalog Merchants

❏ Insurance Companies 90 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

❏ Investment Companies

❏ Veterinarian

AREA INFO

7

Millgrove Dr.

8 Hawthorne Gate

9 11

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1 Grove Dr.

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McLeod Ave. Highway 16A

Brookwood

15

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14

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Grove

6

Calahoo Rd.

Jennifer Heill Way

Spruce Ridge Dr.

Spruce Ridge Road

4

Aspenglen Dr.

13

To Edmonton

10

Grove Meadows

Dr. Drive

McLeod Ave. To Edmonton

Pioneer Rd.

N

Highway 16

•P opulation: 21,500.

• Located: 11 km west of Edmonton on Hwy 16 or 16A. • SCHOOLS: 9 Public & Separate Schools.

• Grocery: 11 Grocery/ Convenience stores, Safeway, IGA Garden Market, The Real Canadian Superstore & Walmart.

• Recreational Facilities: Twin Ice Arena, Curling Rink, Golf Course, TransAlta Tri Leisure Centre, many soccer fields and baseball diamonds.

• Medical Facilities: Member of the West View Regional Health Authority with almost 50 Medical & Dental practitioners.

• Parks & Pathways: 15+ km of pathways spread throughout 230 hectares of natural & developed park space.

1 HILLDOWNS

7 Parkland village

12 Hills of twin lakes

2 VANDERBUILT COMMON

8 hawthorne at heatherglen

13 deer park estates

DEVELOPER: Robson Developments Ltd. BUILDERS: Challenger Homes LOCATION: Grove Drive & King Street DEVELOPER: SG Developments BUILDER: MacLachlan & Mitchell Homes LOCATION: Century Rd & Viscount Common

3 Stoneshire

DEVELOPER: Melcor Developments Ltd. BUILDERS: Canyon Spring Master Builder, Stonegate Developments, Western Living Homes.

LOCATION: Longeview Drive & Fairway Drive

4 harvest Ridge

DEVELOPER: Lamont Land Inc. BUILDERS: Homexx Corporation, Dolce Vita Homes, Parkwood Homes Master Builder, Montorio Homes LOCATION: Campsite Rd. & Grove Dr.

5 Spruce Village

DEVELOPER: Beaverbrook Developments BUILDERS: Alquinn Homes, Cove Properties, Hillview Homes, Open LOCATION: Century Road & Grove Dr.

6 Jesperdale

DEVELOPER: Jesperdale Communities BUILDERS: ReidBuilt Homes, Encore Master Builder, Look Homes, Kimberley Homes LOCATION: North of Grove Drive.

DEVELOPER: Parkland Village BUILDERS: Country Hills Homes LOCATION: Yellowhead Trail West To Century Rd, North 2 min.

DEVELOPER: Qualico Communities BUILDERS: Alquinn Homes, City Homes.

LOCATION: North of Hwy 16A on Jennifer Heill Way, East on Hawthorne Gate

9 Springate at spruce ridge

DEVELOPER: Qualico Communities BUILDERS: Sterling Homes, Sterling Squared, Alquinn Homes LOCATION: On Campsite Rd. West of Tri-Leisure Center

10 GREENBURY

DEVELOPER: Beaverbrook Developments BUILDERS: Western Living Homes, Dolce Vita Homes, Alquinn Homes, Celico Homes, MacLachlan & Mitchell Homes LOCATION: Grove Drive & Pioneer Road.

11 Mclaughlin

Developer: Melcor Developments Builders: Bedrock Homes, Look Homes, Pacesetter Homes Location: Westgrove Drive and McLaughlin Drive.

Developer: Dyrbye Developments Ltd. Builders: Open Location: 2 miles North of Yellowhead Trail on highway 779 & 1.5 miles West on twp road 534 Developer: Broadview Developments Inc. Builders: Rococo Homes, Alta Rose Homes, Evani Homes, Lang Built Location: Grove Drive and Jennifer Heil Way

spruce grove

12

14 Kenton Village

Developer: Beaverbrook Developments Builders: Alquinn Homes, and Urbanage Homes Location: Century Road, South of Highway 16 at Vanderbilt Common

15 The Woods at Kenton

Developer: Beaverbrook Developments Builders: Alquinn Homes, and Hillview Master Builder Location: Century Road, South of Highway 16 at Vanderbilt Common

16 Prescott

Developer: Beaverbrook Developments Builders: Averton Homes & MacLachlan & Mitchell Homes Location: Grove Drive, East of Century Road

As Alberta’s 11th city, Spruce Grove is your city in the “country”. The place to live....naturally. for more information call (780) 962-7612 or visit our website at www.sprucegrove.org

LAKESIDE NATURAL WALKOUT LOTS .com

OPEN SPACE & PEACEFUL LIVING

For More Information:780-910-8606 or see website www.HillsofTwinLakes.com

Quiet Living by the lake | CUL-DE-SAC PRIVACY | PARKLAND’s MOST BEAUTIFUL NEW SUBDIVISION 91

SPRUCE GROVE

92 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

L N IA IO EC OT W SP M NO O N PR O

OWNING YOUR OWN HOME FOR LESS THAN $1200/MONTH IS POSSIBLE*

*Visit showhome for details.

VANDERBILT

For more information visit

269,900

$

Starting @

• 3 bedroom • 2 1/2 baths • Landscaping • Back deck • Gas fireplace • 4 appliances • Attached garage • Walkouts available

Include house, lot & GST

GREENBURY

Show home models starting

• 1432 sq. ft. 2 storey duplex • 3 bedroom, 2 1/2 baths • 4 appliances • Hardwood flooring, • Granite countertops, • 9’ ceilings • Energy efficient features • Cultured stone

from low

19-85 Spruce Village Drive W SPRUCE GROVE Mon-Thurs 4-8pm Sat/Sun Noon-5pm

Contact us today

780-901-2462

mtate@macmitch-homes.com

300’s

$

Include house, lot & GST

10 Greenbury Close at the end of Grove Drive Call 780-571-0880

mtate@macmitch-homes.com

www.macmitch-homes.com

93

inthenews

Report shows Canadians have

confidence in housing market

regulations introduced by the Federal Government came Housing Confidence Report, nearly into effect in July 2012. half of Canadian homeowners (46 per “The fact that 46 per cent of Canadian homeowners cent) intend to buy a property in the intend to buy a property in the next five years implies that next five years, signalling a high level Canadians are feeling confident in the current real estate of confidence in Canada’s housing market environment,” says Martin Nel, vice-president of market. However, the report points lending and investments, BMO Bank of Montreal. out that a modest increase in prices “However, that certainty is tempered, given the adverse would derail plans to buy. effect moderate increases in home prices and mortgage Meanwhile, three-quarters (72 per costs would have on the average homeowner.” cent) of households would feel a sigSal Guatieri, senior economist, BMO Capital Markets, nificant strain if they were to experi- says “rising debt and elevated house prices have increased ence a modest increase in monthly the vulnerability of a meaningful number of households, mortgage payments, such as one caused and their financial situation will worsen if interest rates by an increase in interest rates. increase even moderately.” He says that with rates likely The report, conducted by Pollara, to remain low for some time, the recent tightening in reflects the sentiment of Canadian mortgage rules will help to cool credit growth and the homeowners after the new mortgage housing market.

According to BMO’s first

c o n t i n u e d o n pa g e 9 6 . . .

94 New home Guide | dec 21, 2012 - jan 18, 2013

8

6 4

5

1 7 Genesis Drive

10

3

2

Genesis Lake Blvd.

1 THE FAIRWAYS

6 SPRING LAKE RANCH

2 GENESIS ON THE LAKES

7 SOUTHCREEK

DEVELOPER: Reid Worldwide Corporation BUILDERS: ReidBuilt Homes LOCATION: Fairway Drive DEVELOPER: Unitech Construction Services Ltd. BUILDERS: Ashton Homes, Caribbean Homes, Fox Maple Homes, Innova Homes, Sierra Homes, Stellar Homes LOCATION: South off highway 16A onto Highway 779 (also known as 48 Street)

3 LAKE WESTERRA

DEVELOPER: Qualico Communities BUILDERS: Coventry Homes, Sterling Homes LOCATION: Golf Course Rd. & 79 Ave.

4 BROOKVIEW

DEVELOPER: Qualico Communities BUILDERS: ReidBuilt Homes LOCATION: South Park Dr. & 46 Ave.

5 SILVERSTONE

DEVELOPER: Qualico Communities BUILDERS: ReidBuilt Homes LOCATION: South on Boundary Rd at 44th Ave.

DEVELOPER: Wilcor Development Group BUILDERS: Wilcor Homes, Open LOCATION: Spring Lake Exit off of Hwy 16A & Range Road 15 DEVELOPER: Qualico Communities BUILDERS: Pacesetter Homes, Alquinn Homes SHOWHOMES NOW OPEN, LOCATION: South of Fairway Drive & West of Boundary Road

8 THE ESTATES AT WATERS EDGE

DEVELOPER: Waters Edge Developments BUILDER: Waters Edge Developments LOCATION: Only 20 mins West of Stony Plain On Hwy 43 at Gunn & Just 35 mins West of St. Albert on Hwy 37 located on the North Shore of Lac Ste Anne

9 HILLS OF TWIN LAKES

DEVELOPER: Dyrbye Developments Ltd. BUILDERS: Open LOCATION: 2 miles North of Yellowhead Trail on highway 779 & 1.5 miles West on twp road 534

10 WILLOWS END

DEVELOPER: Jaffer Developments BUILDER: Jaffer Developments LOCATION: 48 Street and Willow Park Road North

• POPULATION: 10,544 and Growing.

• LOCATED: 20 km west of Edmonton on Hwy 16A • SCHOOLS: 4 Kindergarten to grade nine, Senior high, French Immersion & including 2 Religious schools.

• GROCERY: Extensive with new Big Box National Outlets 2 km to the east of town.

• RECREATION FACILITIES: New tri-municipal recreation complex east of town. 18 hole CPGA Championship Golf Coarse, curling, skating, library, Municipal Heritage Centre, Heritage Walk of Murals.

• MEDICAL FACILITIES: New 70 bed acute & extended care hospital.

Full ambulance services. 3 Medical Clinics.

• PARKS & PATHWAYS: Extensive, including 12 km of pathways, watercourses & Lions campground.

stony plain

AREA INFO

9

PUBLIC SCHOOLS • FOREST GREEN 5210 - 45 Street 963-7366 [1] • HIGH PARK 40 Highridge Way 963-2222 [1] [2] • MEMORIAL COMPOSITE 5116 - 55 Avenue 963-2255 [3] • MERIDIAN HEIGHTS 4119 - 43 Street 963-2280 [1][2] • STONY PLAIN CENTRAL 5108 - 55 Avenue 963-2203 [1][2]

SEPARATE SCHOOLS • JOHN PAUL II 5801 - 48 Street 963-2526 [1][2]

PRIVATE SCHOOLS • ST. MATTHEW LUTHERAN 5014 - 53 Avenue 963-2715 [1] Elementary K-6 [2] Junior High 7-9 [3] High School 10-12

95

inthenews -

contin u e d

National 12 Month Price Expectation

+2.0%

BC AB

+0.2%

+3.0%

MB/SK ON

+2.3%

+2.1%

QC ATL

+2.5%

+1.7%

The report also revealed the following: Homeownership intentions ›› G TA, Calgary and Vancouver: Intentions to buy in the Greater Toronto Area (57 per cent), Calgary (62 per cent) and Vancouver (53 per cent) within five years are outpacing the national average (46 per cent) ›› Size matters: One in five (18 per cent) plan to downsize to a smaller home. The same percentage intends to up-size to a larger home ›› Exit strategy: 10 per cent plan to sell their home and move in to a rental property, retirement community, or move in with family in the same time period ›› Real estate investment: One in five (21 per cent) plan to purchase an additional property for income, investment or recreation

Effect of new regulations on buying intentions ›› Just over half (57 per cent) are familiar with the new mortgage regulations introduced earlier in 2012 ›› One in five (22 per cent) say they are less likely to buy a new home in the next five years due to the changes ›› Furthermore, 29 per cent planning to buy in the next five years say that they are likely to spend less on a new home as a result of the new rules Price sensitivity ›› Nationally, intentions to buy drop significantly from 46 per cent to 36 per cent in the event of a five per cent increase in home prices ›› In Ontario, intentions to buy would decrease by 13 per cent (52 per cent to 39 per cent) as a result of a five per cent increase in prices ›› In Alberta, a five per cent increase would change intent to buy by only one per cent; however, a 10 per cent increase would lower intent by nine per cent, moving from 51 per cent to 42 per cent 96 New home Guide | dec 21, 2012 - jan 18, 2013

›› A five per cent increase in prices in BC would lower intent to buy from 49 per cent to 39 per cent Price expectations ›› Nationally, homeowners in Canada expect prices to rise by two per cent over the next year ›› Across urban centres, those in the GTA expect prices to rise by 2.2 per cent, while those in Calgary expect an increase of 2.4 per cent ›› However, 27 per cent of Vancouver residents expect prices to decrease in the next year “Given that Vancouver is one of the priciest markets in the world, it’s not surprising that many people expect some correction,” says Guatieri. He says that while prices in Alberta should increase in the years ahead, prices in Vancouver and likely Toronto are poised to decline moderately; the Toronto decrease is contrary to the expectations of the majority of residents in the GTA. Mortgage affordability ›› One-third have cut back on big purchases and spending on entertainment (34 per cent and 31 per cent respectively) while one-quarter have reduced the amount they’re saving over the past year to make their monthly mortgage payments ›› 17 per cent have dipped into their savings to make mortgage payments ›› However, while homeowners are nearly unanimous in their view that debt is a serious issue facing Canada (92 per cent), just 19 per cent feel household debt is a problem for them ›› 16 per cent of homeowners say a 10 per cent rise in mortgage payments would leave them at risk of not being able to afford their home

STONY PLAIN

CONTACT OUR BUILDER GROUP: ASHTON HOMES 780.718.9581 CARIBBEAN HOMES 780.905.0046 FOX MAPLE HOMES 780.963.0288 INNOVA HOMES 780.910.1156 SIERRA HOMES 780.968.1007 STELLAR HOMES 780.968.3127 Developer Contact 780.963.1253

SHOWHOME HOURS: Closed Monday Tuesday, Wednesday, Thursday: 3-7pm Closed Friday. Saturday & Sunday 1-5pm

gibbons

AREA INFO GIBBONS & AREA SCHOOLS 28

N

51 S tree t

53 Avenue

2

•G ibbons School 4908 - 51 Avenue 923-2240 [Gr. 5-9]

Highway 28A Edmonton

St ur ge on Ri ve r

y wa gh Hi

50 A venu e

•S turgeon Composite High School On Hwy. 37, one km. east of Hwy. 28 973-3301 [Gr. 10-12] • Landing Trail School 5325 - 37 Avenue 923-2899 [Gr. K-4] • Redwater School 5023 - 50 Avenue 942-3625 [Gr. 5-12]

1

1 LANDING TRAIL ACREAGES 2 LANDING TRAILs

EVELOPER: Strata Developments D BUILDERS: Rosecroft Homes, Dynasty Builders, Morrow Homes, Open LOCATION: 53 St. & 40 Ave.

EVELOPER: Strata Developments D BUILDERS: High Grade Homes, Rosecroft Homes, Open LOCATION: 51 St. & Landing Trail Dr.

1 Grove Dr.

43 Ave.

McLeod Ave.

42 Ave.

Township Road 494A Highway 16A

1 SOUTH BRIDGE CROSSING

DEVELOPER: Southbridge Crossing Developments Ltd. BUILDERS: Compass Rose Homes Inc.

London Homes LOCATION: West on Hwy 39 (50th Ave), Turn south (left) on Westview Drive

King St.

Calahoo Rd.

11

Highway 795

Millgrove Dr. 45 W Ave. oodhave D n r.

8 Hawthorne Gate44 Ave.

Brookwood

Dr.

2 5

10

Grove Meadows Drive

McLeod Ave. To Edmonton

2 Thomas Creek

DEVELOPER: Thomas Creek BUILDERS: OPEN LOCATION: West on Hwy 39 (50th Ave), turn south (left) on Westview Drive

•P opulation: 2033 • Located: 10 minutes west of Leduc on Hwy 39 • Schools: Calmar Elementary School (K-6), Calmar Secondary School (7-12), New Humble(k-7) • Places of Worship: 6 churches, • Recreational Facilities: Mike Karabonik Arena (1 ice surface), Calmar Community Center(Curling Club) • Parks: 6 parks spaced throughout the municipality including water spray park, tot lot, ball diamonds, tennis courts, soccer fields, and skateboard park • Medical Facilities & distance/time to Hospital: Calmar Medical Clinic open 5 days a week), Dentist Clinic. Leduc Hospital located 15 minutes East of Calmar • Time to Airport: 15minutes • Town of Calmar: 50 Ave. 750 Calmar, Alberta, T0C-0V0

52 A

51 St.

49 St.

50 St.

Dr.

52 St.

Grove

Highway 39 3

Lon gview Dr.

Century Rd.

6

50 Ave.

Calahoo 51 St. Rd.

Aspenglen Dr.

13 1

4 Jennifer Heill Way

Spruce Ridge Dr.Range Road 271

2

To Edmonton

Pioneer Rd.

N

Highway 16 Centre Park

Range Road 265

7

9

98

N

Jubilee Park Range Road 265

50 St.

Westview Dr.

Range Road 271

12

Spruce Ridge Road

calmar

AREA INFO

•P opulation: 6,361 and growing.

1

•L ocated: Along the banks of the scenic North Saskatchewan River, 15 minutes southwest of Edmonton on Highway 60, 10 minutes from the International Airport.

•S chools: 3 Public schools, 1 Christian school & 1 Catholic school.

• Grocery: Garden Market IGA, Extra Foods •R ecreational Facilities: Arena, Outdoor Swimming Pool, Ball Diamonds, Soccer Fields, Golf Course, Campground, Tennis Courts, and Community Centre.

2

•M EDICAL FACILITIES: Hospital, 2 Medical Clinics, and Local Ambulance.

1 Hwy 19

1 THE RAVINES OF DEVON

•P arks & Pathways: Numerous Parks, Walking, Biking and Cross Country Ski Trails.

2 fairfax lane

DEVELOPER: Qualico Communities BUILDERS: Open LOCATION: South on Michigan

devon

AREA INFO

DEVELOPER: Alldritt Land Corporation LP BUILDERS: Alldritt Homes LOCATION: South on Miquelon, left on Erie St., and left on Fairfax Close

Street, left on Ravine Drive

AREA INFO • GEORGES

H. PRIMEAU JR. HIGH SCHOOL 811 Grandin Drive 939-3593 (2)

1

105 Ave. 100 St.

1

3

100 Ave.

e.

Av 99

95 S t.

.

Morin vil

97A Ave.

Dr. le

in Dr. Grand

r Grandin D

y. 2 Hw

e.

Av 1 10

2

10 min. to St. Albert

95 A ve.

DEVELOPER: Brookhaven Developments BUILDER: Brookhaven Developments, Celebration Homes LOCATION: 100th Street & 105th Avenue

•M ORINVILLE CHRISTIAN SCHOOL 10015-100 Avenue 939-2987 (1) (2) (3) • MorinVILLE

COMMUNITY HIGH SCHOOL 9506 - 100 Avenue 939-6891 (3) •N otre dame ELEMENTARY 9717 Morinville Drive 939-4020 (1)

Cardiff Rd.

1 VILLAGE CHAMPLAIN

• GEORGES

P. VANIER ELEMENTARY 10020-101 AVENUE 939-4285 (1)

2 The lakes

DEVELOPER: Landrex Developers BUILDERS: Landmark Homes, Dynasty Homes, Reid Built Homes LOCATION: 100 Avenue then North on Grandin Drive

morinville

MORNINGVILLE AREA PUBLIC SCHOOLS

[1] Elementary K-6 [2] Junior High 7-9 [3] High School 10-12

3 MONTREUX

DEVELOPER: Qualico Communities

BUILDERS: Maxxwood Homes LOCATION: 100 Avenue then North on Grandin Drive

99

Home Builders Alldritt Homes Artisan Homes Inc.

www.beattiehomes.com

Bedrock Homes

www.bedrockhomes.ca

Caliber Master Builder Cameron Homes Inc. Canyon Spring Master Builder Carriage Signature Homes

www.buildwithbrookfield.com www.calibermasterbuilder.ca www.cameronhomes.ca www.canyonspringhomes.com www.carriagesignature.com

Celebration Homes

www.celebrationhomes.ca

Celico Builders Inc.

www.celicobuilders.ca

Challenger Homes

www.challengerhomes.com

Cobblestone Master Builder

www.mycobblestone.ca

Concept Homes

www.concepthomes.ca

Compass Rose Homes Inc. Country Hills Home Sales

www.compassrose.ca www.countryhillshomes.com

Coventry Homes

www.coventry-homes.com

Darren’s Homes

www.darrenshomes.com

Daytona Homes Master Builder

www.daytonahomes.ca

Dolce Vita Homes LP

www.dolcevitahomes.ca

Effect Home Builders

www.effecthomes.ca

Encore Master Builder Fekete Homes Green Living Homes Gannet Homes Master Builder Greenboro Homes Homes by Avi Homes by Santos Construction Homexx Corporation Impact Homes Innovations by Jayman 100 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

www.artisancommunities.ca

Beattie Homes

Brookfield Homes

web directory

www.alldritthomes.com

www.encoremasterbuilder.com www.feketehomes.ca www.greenlivinghomes.ca www.gannethomes.com www.greenborohomes.com www.homesbyavi.com www.santoshomes.ca www.homexx.ca www.impacthomes.ca www.jayman.com

Jayman MasterBUILT Kanvi Homes Kensington Homes Master Builder Kimberley Homes

www.jayman.com www.kanvihomes.com www.KensingtonCustom.com www.buildwithkimberley.ca

Kingsgate Homes Ltd Master Builder

www.kingsgatehomes.ca

Landmark Classic Homes

www.landmarkclassic.ca

Landmark Communities

www.landmarkcommunities.ca

Landmark Homes

www.landmarkhomes.ca

Landmark Legacy Homes

www.landmarklegacy.ca

Lincolnberg Homes / Communities MacLachlan & Mitchell Homes Maple Isle Homes Marco Antonio Homes Montorio Homes Pacesetter Homes Parkwood Master Builder Perry Signature Homes Inc.

www.lincolnberg.com www.macmitch-homes.com www.mapleislehomes.ca www.marcoantoniohomes.com www.montorio.ca www.yourpacesetter.com www.parkwoodmasterbuilder.com www.perryhomes.ca

Pompei Homes

www.pompeihomes.com

ReidBuilt Homes

www.reidbuilthomes.com

Rococo Homes Rohit Communities Rosecroft Custom Homes Sabal Homes San Rufo Homes

www.rococohomesinc.ca www.rohitcommunities.com www.rosecroftcustom homes.com

www.sanrufohomes.com www.sterlingsquared.ca

Sterling Homes Edmonton Ltd.

www.sterlingedmonton.com

Thomsen Built

www.thomsenbuilt.com

Urban Living by Landmark

www.landmarkurban.ca

Walker Developments White Eagle Homes Ltd

RK

www.sabalhomes.com

S2 Squared by Sterling Homes

Urbanity Custom Homes Ltd.

web directory

www.urbanityhomes.com www.walkerdevelopments.ca

AN

A DM

L HE

IN T

JO

N

IO UT

L

O EV

r

Accessible, Affordable, Sustainable, Comfortable Home Ownership

www.whiteeaglehomes.ca dec 21, 2012 - jan 18, 2013 | New home Guide 101

Developers/Communities Allard in Heritage Valley by MLC Group / JCA Financial Allard Heritage Valley by United Communities

www.allard.ca

www.allardheritagevalley.ca

Alpine Ridge in Terrace Heights Ambleside in Windermere

www.alpine-ridge.ca www.amblesidewindermere.ca

Beaverbrook Developments Brintnell

www.beaverbrook.ca www.brintnelledmonton.com

Brookfield Residential Callaghan by Rohit Land Development

www.brookfieldrp.com www.liveincallaghan.com

Callaghan In Heritage Valley by MLC Group / JCA Financial www.callaghan-edmonton.ca Cameron Heights Canada Lands Company Canterra Developments Corp.

Chappelle Gardens Copperwood in the Hamptons

web directory

www.cameronheights.com www.villageatgriesbach.com www.canterradevelopments.com www.chappellegardens.com www.copperwood-edmonton.com

Creekwood Chappelle

www.creekwoodchappelle.com

Dundee Developments

www.dundeedevelopments.com

Ellerslie Heights by United Communities Erin Ridge Forest Ridge Foxboro

www.ellerslieheights.ca www.erinridgestalbert.com www.forestridgefortsask.com www.foxborosherwoodpark.com

Genstar Development Company

www.genstar.com

Glenridding by United Communities

www.glenridding.ca

Granville by Alldritt Land Corporation Goudreau Terrace Griesbach by Canada Lands Hampton Pointe by Beaverbrook Hampton Terrace

www.mygranville.com www.goudreauterracebeaumont.com www.villageatgriesbach.com www.hamptonpointe.ca www.hamptonterraceedmonton.com

Hawks Ridge at Big Lake Hills of Twin Lakes Hopewell Residential Communities LakeWesterra Langdale in Windermere

www.hawksridge.ca www.hillsoftwinlakes.com www.hopewellcommunities.com www.westerrastonyplain.com www.langdale-windermere.com

Larch Park by Melcor Developments Laurel Crossing

www.larchpark.ca www.laurel-crossing.com

Laurel by Dundee Developments Gardens

www.livelaurel.com

Maclab Enterprises

www.maclab.com

Maple Crest by Dundee Developments

www.livemaplecrest.ca

McConachie Landing by MLC Group/Cameron Dev Corp www.mcconachie-landing.com McConachie by Walton Development & Management L.P. Meadowview Park Melcor Developments Ltd. MLC Group Montalet by United Communities Morningside Properties

www.chappellegardens.com 102 New home Guide | dec 21, 2012 - jan 18, 2013

www.mcconachie.ca

www.meadowviewparkleduc.com www.melcor.ca www.mlcland.com www.montalet.ca www.mymorningside.com

Montreux

www.montreux-morinville.com

Newcastle

www.newcastle-edmonton.com

ONE at Windermere

www.oneatwindermere.com

Palisades by MLC Group www.palisades.ca Qualico Communities www.qualicolandedm.com Ravines of Devon www.theravinesofdevon.com Ravines of Richford by Rohit Land Development www.ravinesofrichford.com Reid Worldwide Corporation www.rwwc.ca Ruisseau www.ruisseau-beaumont.com Rutherford www.rutherfordheightsedmonton.com Secord by Hopewell Developments www.liveinsecord.com Sienna www.sienna-fortsask.com Silverstone www.silverstone-stonyplain.com Southcreek www.southcreek.ca South Pointe by MLC Group www.south-pointe.ca Spring Lake Ranch www.springlakeranch.ca Springate at Spruce Ridge www.springatesprucegrove.com Spruce Village by Beaverbrook www.sprucevillage.ca Strata Developments www.stratadevelopments.ca Summerside by Brookfield Residential www.lakesummerside-community.com Summerwood www.summerwoodsherwoodpark.com Suntree www.liveinsuntree.ca Tamarack by Dundee Developments www.livetamarack.com The Estates at Waters Edge www.WatersEdgeEstates.ca The Orchards www.theorchards.ca Thomas Creek www.CalmarThomasCreek.com Tribute www.tributeleduc.com Trumpeter by United Communities www.trumpeterbiglake.ca Tuscany Hills by United Communities www.tuscanyhills.ca United Communities www.unitedcommunities.com Upper Windermere by Beaverbrook www.upperwindermere.com Walker Lakes North by MLC Group / Cameron Dev Corp www.walkerlakes-north.com Walker Lakes Station by MLC Group / JCA Financial www.walkerlakes-station.ca Walker Summit by United Communities www.walkersummit.com Walton Development and Management L.P. www.waltondm.com Windermere North www.windermere-north.ca Windermere Ridge by Beaverbrook www.windermereridge.ca Windermere South www.windermere-south.ca Windrose www.liveinwindrose.ca Woodhaven - Edgemont www.woodhavenedgemont.com

web directory

Related Business Canadian Home Builders’ Association - Alberta www.chbaalberta.ca Edmonton Custom Decks www.edmontoncustomdecks.com Edmonton New Home Information www.new-home.com Edmonton New Home Guide www.hometrader.ca Shanes Landscaping and Contracting Ltd. www.shaneslandscaping.com UDI Edmonton www.udiedmonton.com

YOUR PERFECT HOME!

www.villageatgriesbach.com DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 103

homebuyers’help

CALCULATE YOUR MORTGAGE PAYMENTS CALCULATE YOUR MORTGAGE PAYMENTS MONTHLY PRE-TAX INCOME

DIVIDE BY 3

CHART FIGURE

AMORTIZATION AMOUNT

SPOUSE’S PRE-TAX INCOME

AFFORDABLE MONTHLY PAYMENTS

AMOUNT OF MORTGAGE DIVIDED BY 1,000

ESTIMATED MONTHLY TAXES & HEAT

TOTAL PRE-TAX INCOME

AMOUNT OF MORTGAGE (PRICE – DOWN PAYMENT)

AMORTIZATION AMOUNT

MONTHLY PAYMENTS

MORTGAGE PAYMENT CALCULATION CHART INTEREST RATES %

AMORTIZATION PERIODS 5 YRS

10 YRS

15 YRS

20 YRS

25 YRS

5.00%

18.84

10.58

7.88

6.57

5.81

5.25%

18.96

10.70

8.00

6.70

5.95

5.50%

19.07

10.82

8.13

6.84

6.10

5.75%

19.18

10.94

8.26

6.98

6.25

6.00%

19.29

11.06

8.39

7.12

6.39

6.25%

19.41

11.18

8.53

7.26

6.54

6.50%

19.52

11.31

8.66

7.40

6.69

6.75%

19.63

11.43

8.79

7.54

6.85

7.00%

19.75

11.55

8.93

7.69

7.00

7.25%

19.86

11.68

9.06

7.83

7.15

7.50%

19.98

11.81

9.20

7.98

7.31

7.75%

20.09

11.93

9.34

8.13

7.47

8.00%

20.21

12.06

9.48

8.28

7.63

8.25%

20.32

12.19

9.62

8.43

7.79

FOLLOW THESE STEPS TO SEE IF YOU’LL QUALIFY FOR A MORTGAGE ON YOUR DREAM HOME

01

05

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.

02

06

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.

03

07

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.

04

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.)

104 NEW HOME GUIDE | DEC 21, 2012 - JAN 18, 2013

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.

MORTGAGE INTEREST RATES VARIABLE

6 month

1 year

2 years

3 years

4 years

5 years

ATB Financial

3.000

4.000

3.100

3.140

3.700

4.390

3.690

Bank of Montreal

3.100

4.000

3.100

3.140

3.700

4.640

5.240

Bank of Nova Scotia

3.100

4.550

3.650

3.890

3.990

4.390

4.990

BMO

3.100

4.000

3.100

3.140

3.700

4.640

5.240

-

-

3.240

3.390

3.150

3.570

3.200

3.200

4.450

3.000

3.140

3.700

4.390

5.240

Bridgewater Bank CIBC Mortgages Canadian Western Bank

3.200

4.000

3.100

3.140

3.700

4.640

5.240

Canadian Western Trust

3.200

4.000

3.100

3.140

3.700

4.640

5.240

First Calgary Financial

-

4.000

2.390

3.140

2.990

3.290

3.290

First National Financial

3.000

3.950

2.740

2.690

2.890

3.150

3.090

HSBC Bank Canada

3.100

4.450

3.600

3.950

4.450

4.990

5.240

ING Direct

3.000

-

3.250

3.250

3.250

3.250

3.090

Investors Group Trust

3.000

4.000

3.100

3.140

3.700

4.640

5.240

Laurentian Bank Canada

3.200

4.400

3.090

3.140

3.700

4.640

5.240

London Life

3.000

4.000

3.100

3.140

3.700

4.640

5.240

Manulife Bank

3.000

4.450

3.000

3.100

3.150

3.150

2.950

Manulife Trust

-

4.450

3.000

3.100

3.150

3.150

2.950

Meridian Credit Union

2.850

4.450

3.100

3.140

3.700

3.400

3.280

National Bank

3.200

4.000

3.100

3.140

3.700

4.640

5.240

-

4.500

3.100

3.350

3.700

3.850

3.950

President’s Choice Fin’l

3.200

6.040

3.140

3.200

3.240

3.350

3.440

Royal Bank of Canada

3.200

4.000

3.100

3.140

3.650

4.640

5.240

-

4.000

3.100

3.140

3.700

4.390

5.240

3.200

4.000

3.000

3.140

3.700

4.640

5.240

Peace Hills Trust

Servus Credit Union T-D Mortgage

MORTGAGE TYPES ALL MORTGAGES ARE OF TWO BASIC TYPES: CONVENTIONAL The buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less.

The buyer has to pay 20% down.

A conventional mortgage cannot exceed 80% of the value of the property.

INSURED OR HIGH-RATIO: A buyer can borrow up to 95% of the purchase price or the value of the property, whichever is less. The down payment can be as low as 5%.

MORTGAGE OPTIONS You can choose any of these mortgage options which fit into the two basic mortgage types.

Lenders may even customize these options to suit your needs.

OPEN MORTGAGE: Allows borrowers to repay all or part of the total amount of their mortgage at any time without penalty.

Because of flexibility, this is ideal for borrowers who plan to sell their homes in the near future or who want to switch from a shortterm mortgage at high interest rates to a longer term when mortgage interest rates fall.

CLOSED MORTGAGE: Usually has the lowest interest rate available but lacks the flexible features of other mortgage options.

A good choice for those who want the security of knowing their monthly payment is fixed for a longer term.

Prepayment options are available but they are subject to conditions.

PORTABLE MORTGAGE: Flexibility if borrowers move.

Borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. This is an attractive option if the rate on the existing mortgage is lower than current rates.

PREPARED BY CANNEX ON DECEMBER 10, 2012. This information is current as of the date and time posted and is subject to change without notice. © Copyright 2012 CANNEX Financial Exchanges Limited. All rights reserved.

DEC 21, 2012 - JAN 18, 2013 | NEW HOME GUIDE 105

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