Calgary New Condo Guide - Jun 26, 2015

June 26 - July 24, 2015 Volume 18 Issue 7

INSIDE THIS ISSUE

WHY BUYING A CONDO BEATS RENTING

CALGARY HOUSING MARKET SHIFTS INTO BALANCE

6 THINGS HOMEBUYERS AND SELLERS SHOULD WATCH

Select the entire layer to be able to see the rest which is in white.

Building One is sold out, few units remain in Building Two and Building Three is selling fast. Make your move today and make your dream a reality at Champagne – Calgary’s only pre-cast concrete residences with exceptional designer finishings and premium riverside location.

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Suppor ted by

2015 ALBERTAREGIONAL WINNER

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Prices and promotions subject to change without notice. Subject to availability. Copyright © 2015 Cardel Lifestyles. All rights reserved.New Homebuyers Choice Award, 50-149 Possessions, Multi-Family, as awarded by CustomerInsight and the Professional Home Builders Institute, presented at the 2014 SAM Awards.

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CLG-CMP-1649.17_SagePlace_CONDO_GUIDE_July 2015.indd 1 2015-06-19 10:46 AM

4

5

NewHomeAndCondoGuide.ca | VOLUME 18 ISSUE 07 | NEW CONDO GUIDE 7

10 Editor’s Note

18 In The NewsLuxurious rooftop fi tness club and lounge launches in Calgary

20 CMHC ReportRegional swings forecast for Canada’s housing marketby Lydia McNutt

22 CalgaryismFive reasons why owning a condo beats rentingby Cody Battershill

30 Contemplating CondominiumsThe Condominium Act better protects us allby Linda Palfi

34 In The NewsStreetside launches highly anticipated fi nal phase ofOrigins at Cranston

38 In The NewsCalgary housing market moves into balanced territory

42 Style FileThree mistakes people makewhen choosing paint colour

44 Homebuyers’ HelpSix things homebuyers and sellers in Calgary shouldpay attention toby Don R. Campbell

48 In The NewsCardel Lifestyles awarded for its customer service

50 Homebuyers’ HelpFive tips for condo buyers

54 Advertiser Index

55 Condo Buyer’s Resource SectionYou love the condo, see what you can a� ord!

11

COLUMNS / NEWS / FEATURES

Grosvenor confi dentin Calgary market,focused on vibrant Beltlineby Heather Ryan

COVER STORY

CONTENTS

JUNE 26 – JULY 24, 2015 VOLUME 18 ISSUE 07

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES

Moe Lalani

SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri

ART DIRECTOR

Daiana Garay

EDITOR

Lydia McNutt

CONTRIBUTING EDITORS

Wayne KarlElisa KrovblitSara Duck (on leave)

DESIGN EDITOR

Yanic Simard

Media Consultant

Natalie Houghton 587.226.1313

Like us on Facebook:

search: CalgaryNewCondoGuide

PRODUCTION MANAGER

Bala Gnanapandithan

PRODUCTION CO-ORDINATOR

Greg Van Sluytman

GRAPHIC DESIGNER

Viosa Barileva

2891 Sunridge Way N.E.Calgary, AB T1Y 7K7

ADVERTISING RATEST 587.226.1313email [email protected]

CIRCULATION Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.COPYRIGHT 2015 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.Yellow Pages NextHome is a trademark ofYellow Pages Group Co. in Canada.EDITORIAL Submissions from interestedparties will be considered. Please submit to [email protected]

The views and data expressed by columnists do not necessarily represent those of the publication

YPNextHome.ca

Published by

Please recycle this magazine! Yellow Pages NextHome participates in the Partner’s In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

15 Inner City

25 Northeast Map

27 Southwest Map

33 SE Map

41 Satellite Communities

47 Northwest Map

PROJECT LOCATION MAPS

CONTENTS

18

34

48

10 Editor’s Note

18 In The NewsLuxurious rooftop fi tness club and lounge launches in Calgary

20 CMHC ReportRegional swings forecast for Canada’s housing marketby Lydia McNutt

22 CalgaryismFive reasons why owning a condo beats rentingby Cody Battershill

30 Contemplating CondominiumsThe Condominium Act better protects us allby Linda Palfi

34 In The NewsStreetside launches highly anticipated fi nal phase ofOrigins at Cranston

38 In The NewsCalgary housing market moves into balanced territory

42 Style FileThree mistakes people makewhen choosing paint colour

44 Homebuyers’ HelpSix things homebuyers and sellers in Calgary shouldpay attention toby Don R. Campbell

48 In The NewsCardel Lifestyles awarded for its customer service

50 Homebuyers’ HelpFive tips for condo buyers

54 Advertiser Index

55 Condo Buyer’s Resource SectionYou love the condo, see what you can a� ord!

11

COLUMNS / NEWS / FEATURES

Grosvenor confi dentin Calgary market,focused on vibrant Beltlineby Heather Ryan

COVER STORY

CONTENTS

JUNE 26 – JULY 24, 2015 VOLUME 18 ISSUE 07

PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline Hill

EDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan Legge

DIRECTOR OF SALES

Moe Lalani

SENIOR SALES MANAGER, WESTERN CANADA

Edwin Rizarri

ART DIRECTOR

Daiana Garay

EDITOR

Lydia McNutt

CONTRIBUTING EDITORS

Wayne KarlElisa KrovblitSara Duck (on leave)

DESIGN EDITOR

Yanic Simard

Media Consultant

Natalie Houghton 587.226.1313

Like us on Facebook:

search: CalgaryNewCondoGuide

PRODUCTION MANAGER

Bala Gnanapandithan

PRODUCTION CO-ORDINATOR

Greg Van Sluytman

GRAPHIC DESIGNER

Viosa Barileva

2891 Sunridge Way N.E.Calgary, AB T1Y 7K7

ADVERTISING RATEST 587.226.1313email [email protected]

CIRCULATION Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.COPYRIGHT 2015 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.Yellow Pages NextHome is a trademark ofYellow Pages Group Co. in Canada.EDITORIAL Submissions from interestedparties will be considered. Please submit to [email protected]

The views and data expressed by columnists do not necessarily represent those of the publication

YPNextHome.ca

Published by

Please recycle this magazine! Yellow Pages NextHome participates in the Partner’s In Growth Reforestation Program through St. Joseph Communications. To date, Partners in Growth has planted over two million trees in parks, recreation and conservation areas, and other public spaces across Canada. Established in 1990, this program was started with Scouts Canada to help replenish the environment.

15 Inner City

25 Northeast Map

27 Southwest Map

33 SE Map

41 Satellite Communities

47 Northwest Map

PROJECT LOCATION MAPS

CONTENTS

18

34

48

10 NEW CONDO GUIDE | VOLUME 18 ISSUE 07 | NewHomeAndCondoGuide.ca

SUSAN LEGGEEditor-in-chief

[email protected]

Follow me on Twitter atTwitter.com/SusanLegge

Like us on FacebookSearch: Condo Guide

LYDIA MCNUTTEditor

[email protected]

Follow me on Twitter atTwitter.com/LydiasTweets

EDITORS’ NOTE

SHOPPING FOR A CONDO BUILDERYou’ve decided that a new condo is the way to go and you’re making headway, but you still have another big decision to make – choosing your home builder. It pays to check the reputation of the builder/developer before you sign on the dotted line.

Start by fi nding out how long the company has been in business. Ask a sales representative or visit the company’s website. Next, fi nd out if previous purchasers are happy with their homes. Drive around an existing community built by the company and talk to anyone you run into during your tour.

Naturally, you should spend some time visiting several di� erent sales o� ces and model suites. Get a feel for each company and the sta� employed there. Ask a lot of questions and expect to be treated with consideration and respect. No question is too “dumb.”

Think twice about any development where the salespeople push youto make a decision you’re not ready for, or where they are not happy to provide you with the information you request. There are many other builders and salespeople out there who pride themselves on putting the customer fi rst.

When you do fi nd the right home and the right builder, making that big decision will be a whole lot easier and more enjoyable.

WHY BUY? LOTS OF REASONS.Of the 620,000 homes sold annually in Canada, almost half of them (45 per cent) are bought by fi rst-time homebuyers, according to a report by the Canadian Association of Accredited Mortgage Professionals (CAAMP). This speaks to Canadians’ keen interest in getting into the housing market and the value of real estate – fi nancial, as well as the pride of ownership.

There’s no doubt that owning a home is one of life’s most rewarding experiences, emotionally and fi nancially speaking. At the same time, it can also be taxing in both respects. But as they say, nothing worth having comes easy.

In its consumer survey, CAAMP asked fi rst-time homebuyers why they purchased their property. Fifty-one per cent said it was to stop renting. Other reasons cited include a change in lifestyle or improved fi nancial circumstances, for pride of ownership, and to build fi nancial security.

Real estate happens to be one of life’s necessities that actually pays o� in the long run. While no one can guarantee what the value of your home will be in 20 years, ask your parents what they paid for their place and compare that to current market values. Odds are that you’ll be pleasantly surprised. And what other investment vehicle out there allows you to purchase and use something, then sell it for a profi t, and not have to pay any tax on that earned income? This, in a nutshell, is what happens when you sell your principal residence.

Home ownership is a way of forced savings, and that equity is how many Canadians can a� ord to move up into their million-dollar dream home, or head to the sunny south to enjoy a worry-free retirement.

Buy now, while mortgage lending rates are still low, and the pickings are plentiful.

COVER STORY

Grosvenor confi dent in Calgary market; focused on the vibrant Beltline

By Heather Ryan

DESPITE A SLOWDOWN IN CALGARY’S

economy, experienced developer Grosvenor remains confident in the market with two signature condo projects under construction and more on the horizon.

Grosvenor, who has been a property investor in Calgary for over

20 years, has a tremendous history of success behind it – more than 300 years combined, in fact – giving the company a competitive advantage and a solid reputation for delivering on its commitments.

“I’ve been in the city for 25 years and seen the oil price cycle play out a few times. Each time the housing market lag going in and coming out is shorter, so we have confidence in the Calgary market,” says Robert Duteau, senior vice-president of development, Grosvenor Americas. “It takes two to three years to build a project and of our two projects under construction, Smith is


SUSAN LEGGEEditor-in-chief

[email protected]

Follow me on Twitter atTwitter.com/SusanLegge

Like us on FacebookSearch: Condo Guide

LYDIA MCNUTTEditor

[email protected]

Follow me on Twitter atTwitter.com/LydiasTweets

EDITORS’ NOTE

SHOPPING FOR A CONDO BUILDERYou’ve decided that a new condo is the way to go and you’re making headway, but you still have another big decision to make – choosing your home builder. It pays to check the reputation of the builder/developer before you sign on the dotted line.

Start by fi nding out how long the company has been in business. Ask a sales representative or visit the company’s website. Next, fi nd out if previous purchasers are happy with their homes. Drive around an existing community built by the company and talk to anyone you run into during your tour.

Naturally, you should spend some time visiting several di� erent sales o� ces and model suites. Get a feel for each company and the sta� employed there. Ask a lot of questions and expect to be treated with consideration and respect. No question is too “dumb.”

Think twice about any development where the salespeople push youto make a decision you’re not ready for, or where they are not happy to provide you with the information you request. There are many other builders and salespeople out there who pride themselves on putting the customer fi rst.

When you do fi nd the right home and the right builder, making that big decision will be a whole lot easier and more enjoyable.

WHY BUY? LOTS OF REASONS.Of the 620,000 homes sold annually in Canada, almost half of them (45 per cent) are bought by fi rst-time homebuyers, according to a report by the Canadian Association of Accredited Mortgage Professionals (CAAMP). This speaks to Canadians’ keen interest in getting into the housing market and the value of real estate – fi nancial, as well as the pride of ownership.

There’s no doubt that owning a home is one of life’s most rewarding experiences, emotionally and fi nancially speaking. At the same time, it can also be taxing in both respects. But as they say, nothing worth having comes easy.

In its consumer survey, CAAMP asked fi rst-time homebuyers why they purchased their property. Fifty-one per cent said it was to stop renting. Other reasons cited include a change in lifestyle or improved fi nancial circumstances, for pride of ownership, and to build fi nancial security.

Real estate happens to be one of life’s necessities that actually pays o� in the long run. While no one can guarantee what the value of your home will be in 20 years, ask your parents what they paid for their place and compare that to current market values. Odds are that you’ll be pleasantly surprised. And what other investment vehicle out there allows you to purchase and use something, then sell it for a profi t, and not have to pay any tax on that earned income? This, in a nutshell, is what happens when you sell your principal residence.

Home ownership is a way of forced savings, and that equity is how many Canadians can a� ord to move up into their million-dollar dream home, or head to the sunny south to enjoy a worry-free retirement.

Buy now, while mortgage lending rates are still low, and the pickings are plentiful.

COVER STORY

Grosvenor confi dent in Calgary market; focused on the vibrant Beltline

By Heather Ryan

DESPITE A SLOWDOWN IN CALGARY’S

economy, experienced developer Grosvenor remains confident in the market with two signature condo projects under construction and more on the horizon.

Grosvenor, who has been a property investor in Calgary for over

20 years, has a tremendous history of success behind it – more than 300 years combined, in fact – giving the company a competitive advantage and a solid reputation for delivering on its commitments.

“I’ve been in the city for 25 years and seen the oil price cycle play out a few times. Each time the housing market lag going in and coming out is shorter, so we have confidence in the Calgary market,” says Robert Duteau, senior vice-president of development, Grosvenor Americas. “It takes two to three years to build a project and of our two projects under construction, Smith is


With Smith, Grosvenor has improved on the floor plans and interior finishing package, but kept some of the most popular features and designs from Drake

scheduled to complete in late 2016, and Avenue is scheduled to complete in early 2017, so between now and completion, we have plenty of time to sell any remaining inventory.”

“This is also a fantastic time to get positioned for our next big project,” Duteau says. “We’ve secured another premier site in the central Beltline, which is where we’re focused and will continue to build because a vibrant community that offers a tremendous urban lifestyle.”

In addition, Grosvenor has a site at 1520 4th St. S.W., which will also be redeveloped in the future.

The company’s first condo project in the Beltline was Drake, a 17-storey highrise located just off trendy 17th Avenue on the corner of 15th Avenue and 7th Street S.W.

After enjoying huge success with Drake, Grosvenor launched Smith, an 18-storey highrise just one block away on 15th Avenue and 6th Street S.W. This location allows Smith residents to leave the car at home, as they are just steps away from 17th Avenue’s

For more information on Smith, visit the presentation centre on the second floor at 850 16th Ave. S.W., open Monday to Wednesday, noon to 6 p.m.; and Saturdays

and Sundays, noon to 5 p.m. Call 403.264.1703 or visit smith17.com

popular restaurants, nightlife, boutiques and services. From here, residents can also easily walk, bike or drive to work downtown.

The Beltline appeals to young people moving into the city as well as urban professionals, empty nesters and downsizers. Smith therefore offers buyers a variety of home styles starting at $284,900 including studios ranging from 449 to 479 sq. ft.; one-bedroom plans from 498 to 678 sq. ft.; one-bedroom plus dens from 749 to 765 sq. ft.; spacious two-bedroom/two-bathroom suites from 855 to 1,055 sq. ft.; and two fabulous penthouse suites at over 1,500 sq. ft. each. There are also two-storey, ground-level City Homes sized from 1,040 to 1,680 sq. ft.

With Smith, Grosvenor has improved on the floor plans and interior finishing package, but kept some of the most popular features and designs from Drake. Well-appointed interiors include features

such as wide-plank, laminate hardwood flooring; in-suite washer and dryer; generous balconies, patios or terraces with views of greenspace, the city or mountains; stainless steel appliances including a built-in wall oven, integrated dishwasher, quartz countertops; and in-floor heating in bathrooms. Buyers can also personalize their suite with their choice of three contemporary colour palettes.

Smith also offers secured underground parking and amenities such as a bike-share program, tool library, social space and a concierge service. Residents will also appreciate that Smith is set back from 6th Street to give room for a landscaped plaza, providing residents a pathway, benches, blossoms and greenery to enjoy.

Grosvenor, in collaboration with Cressey Development Group, is also crafting Avenue, an upscale luxury condo development at 5th Avenue and 10th Street S.W., ideal for residents seeking a downtown urban lifestyle.


With Smith, Grosvenor has improved on the floor plans and interior finishing package, but kept some of the most popular features and designs from Drake

scheduled to complete in late 2016, and Avenue is scheduled to complete in early 2017, so between now and completion, we have plenty of time to sell any remaining inventory.”

“This is also a fantastic time to get positioned for our next big project,” Duteau says. “We’ve secured another premier site in the central Beltline, which is where we’re focused and will continue to build because a vibrant community that offers a tremendous urban lifestyle.”

In addition, Grosvenor has a site at 1520 4th St. S.W., which will also be redeveloped in the future.

The company’s first condo project in the Beltline was Drake, a 17-storey highrise located just off trendy 17th Avenue on the corner of 15th Avenue and 7th Street S.W.

After enjoying huge success with Drake, Grosvenor launched Smith, an 18-storey highrise just one block away on 15th Avenue and 6th Street S.W. This location allows Smith residents to leave the car at home, as they are just steps away from 17th Avenue’s

For more information on Smith, visit the presentation centre on the second floor at 850 16th Ave. S.W., open Monday to Wednesday, noon to 6 p.m.; and Saturdays

and Sundays, noon to 5 p.m. Call 403.264.1703 or visit smith17.com

popular restaurants, nightlife, boutiques and services. From here, residents can also easily walk, bike or drive to work downtown.

The Beltline appeals to young people moving into the city as well as urban professionals, empty nesters and downsizers. Smith therefore offers buyers a variety of home styles starting at $284,900 including studios ranging from 449 to 479 sq. ft.; one-bedroom plans from 498 to 678 sq. ft.; one-bedroom plus dens from 749 to 765 sq. ft.; spacious two-bedroom/two-bathroom suites from 855 to 1,055 sq. ft.; and two fabulous penthouse suites at over 1,500 sq. ft. each. There are also two-storey, ground-level City Homes sized from 1,040 to 1,680 sq. ft.

With Smith, Grosvenor has improved on the floor plans and interior finishing package, but kept some of the most popular features and designs from Drake. Well-appointed interiors include features

such as wide-plank, laminate hardwood flooring; in-suite washer and dryer; generous balconies, patios or terraces with views of greenspace, the city or mountains; stainless steel appliances including a built-in wall oven, integrated dishwasher, quartz countertops; and in-floor heating in bathrooms. Buyers can also personalize their suite with their choice of three contemporary colour palettes.

Smith also offers secured underground parking and amenities such as a bike-share program, tool library, social space and a concierge service. Residents will also appreciate that Smith is set back from 6th Street to give room for a landscaped plaza, providing residents a pathway, benches, blossoms and greenery to enjoy.

Grosvenor, in collaboration with Cressey Development Group, is also crafting Avenue, an upscale luxury condo development at 5th Avenue and 10th Street S.W., ideal for residents seeking a downtown urban lifestyle.


9 AVE S

26 AVE S

11 AVE S

12 AVE S

17 AVE S

26 AVE S

23 AVE S

TALISMAN SPORTS CENTRE

MILLENNIUMPARK

GREYHOUNDBUS TERMINAL

COLONELBELCHERHOSPITAL

CITYHALL

CONVENTIONCENTRE

PRINCE’S ISLAND PARK

ROTARYPARK

RILEYPARK

EAU CLAIREMARKET

MOUNT ROYALVILLAGE

CALGARY EXIBITION AND

STAMPEDE PARK

FORTCALGARY

MAC

LEO

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OLY

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VICTORIA PARK /STAMPEDE STATION

ERLTON /STAMPEDE STATION

SUNNYSIDESTATION

01

04

07

11 SOBOW BY M2I DEVELOPMENTS CORPORATION 1640 17A St.

12 KENSINGTON BY BUCCI 301 10th St. NW

13 FIRST BY FRAM + SLOKKER East Village Experience Centre 553 Riverfront Ave. SE

14 AVLI ON ATLANTIC BY RED MANAGEMENT 1220 9th Ave.

15 SCOLLEN HOUSE BY 320 MISSION DEVELOPMENTS Corner of 25th & 3rd St. SW

16 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE

17 916 BY SABLE DEVELOPMENTS 916 Memorial Drive

18 EVOLUTION BY EMBASSY BOSA INC. East Village Experience Centre 553 Riverfront Ave. SE

19 VERVE BY FRAM + SLOKKER Sales Centre Now Open in East Village

20 LIDO BY BATTISTELLA Sales Centre 1120 Kensington Rd

21 V&V BY PROVIDENCE GROUP Register: einsteincalgary.com

22 ALEX BY ASSURED COMMUNITIES Presentation Centre: 2719 14th St. SW

23 MISSION 34 BY ASSURED COMMUNITIES 98 Mission Road SW mission34.ca

25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE

01 RIVERFRONT POINTE BY CARLISLE GROUP 101 Riverfront Avenue S.E.

02 PARK POINT BY QUALEX-LANDMARK Coming Soon Register now at Qualex.ca/ParkPoint

03 43 PARK BY VERICON REAL ESTATE VENTURES 43park.ca

04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.

05 THE GUARDIAN BY HON TOWERS 12th Ave SE at 3rd St.

06 AVENUE BY GROSVENOR & CRESSEY 1035 5th Ave. SW

07 SMITH BY GROSVENOR Visit Sales Centre at 850-16th Ave. SW, 2nd Floor

08 DISTRICT BY BOULEVARD INVESTMENTS Sales Centre Now Open 305 18th Ave. SW

09 LiFFT BY VERICON REAL ESTATE VENTURES liveLiFFT.com

10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca

INNER CITY

3

1625

21

08

20

12

24

05

17

06

1114

19

1318

23

15

22

02

INNER CITY


9 AVE S

26 AVE S

11 AVE S

12 AVE S

17 AVE S

26 AVE S

23 AVE S

TALISMAN SPORTS CENTRE

MILLENNIUMPARK

GREYHOUNDBUS TERMINAL

COLONELBELCHERHOSPITAL

CITYHALL

CONVENTIONCENTRE

PRINCE’S ISLAND PARK

ROTARYPARK

RILEYPARK

EAU CLAIREMARKET

MOUNT ROYALVILLAGE

CALGARY EXIBITION AND

STAMPEDE PARK

FORTCALGARY

MAC

LEO

D T

R

OLY

MPI

C W

Y8 ST

W

10 S

T W

5 ST

W

4 ST

W

10 S

T W

PROSPECT AVE

2 ST

W

1 ST

W

1 ST

E

5 ST

W

CLI

FF S

T

4 ST

W

6 AVE S

5 AVE S

4 AVE S

4 AVE

5 AVE N6 AVE N 2 A

VE N

VICTORIA PARK /STAMPEDE STATION

ERLTON /STAMPEDE STATION

SUNNYSIDESTATION

01

04

07

11 SOBOW BY M2I DEVELOPMENTS CORPORATION 1640 17A St.

12 KENSINGTON BY BUCCI 301 10th St. NW

13 FIRST BY FRAM + SLOKKER East Village Experience Centre 553 Riverfront Ave. SE

14 AVLI ON ATLANTIC BY RED MANAGEMENT 1220 9th Ave.

15 SCOLLEN HOUSE BY 320 MISSION DEVELOPMENTS Corner of 25th & 3rd St. SW

16 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE

17 916 BY SABLE DEVELOPMENTS 916 Memorial Drive

18 EVOLUTION BY EMBASSY BOSA INC. East Village Experience Centre 553 Riverfront Ave. SE

19 VERVE BY FRAM + SLOKKER Sales Centre Now Open in East Village


21 V&V BY PROVIDENCE GROUP Register: einsteincalgary.com



25 BRIDGELAND HILL BY GABLECRAFT HOMES 516 Edmonton Tr. NE

01 RIVERFRONT POINTE BY CARLISLE GROUP 101 Riverfront Avenue S.E.

02 PARK POINT BY QUALEX-LANDMARK Coming Soon Register now at Qualex.ca/ParkPoint


04 WATERFRONT BY ANTHEM PROPERTIES 216 Riverfront Ave. S.W.

05 THE GUARDIAN BY HON TOWERS 12th Ave SE at 3rd St.

06 AVENUE BY GROSVENOR & CRESSEY 1035 5th Ave. SW

07 SMITH BY GROSVENOR Visit Sales Centre at 850-16th Ave. SW, 2nd Floor

08 DISTRICT BY BOULEVARD INVESTMENTS Sales Centre Now Open 305 18th Ave. SW

09 LiFFT BY VERICON REAL ESTATE VENTURES liveLiFFT.com

10 BRIDGELAND CROSSINGS BY GABLECRAFT HOMES bridgelandcrossings.ca

INNER CITY

3

1625

21

08

20

12

24

05

17

06

1114

19

1318

23

15

22

02

THE GUARDIAN NORTH - SOLD OUT!MOVE IN THIS SPRING

THE GUARDIAN SOUTH - OVER 50% SOLDMOVE IN NEXT SPRING

1-BEDROOMS starting at $264,900


PARAMOUNT SUITES starting at $1.4 million

Developed by Hon Developments. Renderings are artist’s interpretation. Prices subject to change without notice. E&EO.

PRESENTATION CENTRE

456-12TH Avenue SE TEL 403 800 3368

Mon – Thurs 12 – 6PM Sat & Sun 12 – 5PM

THE MOST ANTICIPATED HOMES IN VICTORIA PARK


From left to right:Michael MelnychukAlex RuffiniEmmett Hartfield

Intelligence House is Edmonton’s newest and most innovative Real Estate Marketing Agency with a focus on strategic market intelligence which includes full research, marketing and sales services to the real estate industry.



EDMONTON’S NEW RENTAL UNIT CONSTRUCTION SOARS IN 2015(PART 1)

In the first four months of 2015, housing unit starts in

the Edmonton region have grown 136% on an annual

basis*. While owner-intended starts have nearly

doubled by this measure, today’s construction is being

heavily bolstered by an insurgence in apartment rental

starts – 981 since January 2015*.

One obvious driver of this trend has been the region’s

consistently thin vacancy rates within professionally

managed rental buildings. For those looking to rent,

finding an apartment in this market can be daunting,

with many settling outside of desired areas, or for less

desirable options. This situation has caused average

rents in the region to grow faster than anywhere else

in Canada*.

Many real estate agents and new condo developers

now note that today’s rental costs closely resemble

the mortgage payment one might pay on a condo.

This point should seemingly hold close sentiment with

Edmontonians who maintain one of the highest housing

homeownership rates of all major Canadian regions*.

Local values like this may also help explain the success

of the region’s many apartment rental condo conversion

projects that took place between 2005 and 2011 – a

time when the primary rental market was reduced by

over 8,000 apartment units*. Furthermore, condos for

sale have experienced great success in recent years in

terms of sales and price growth, with the resale side of

this market experiencing continued price growth thus

far in 2015.

Given the above, one might ask why there is a need

to build new rentals when we can just promote further

homeownership in the new condo market.

The answer to this is an unforeseen real estate market

trend and an appearing, if not now apparent, consumer

trend. In past articles, we have written about the

opportunities for investment in Edmonton’s secondary

markets, as highlighted by the fact that while the city of

Edmonton’s entire stock of apartments grew by over

7000 units from 2012 to 2014, occupancy rental rates

remained stagnant at roughly 30 percent. All of this

occurred while the professionally managed stock of

rental apartments remained stagnant*.

It seems that developers of these new primary rental

projects have tuned into an emerging trend that was

previously being serviced primarily by secondary rental

market investors. What is this trend?

More on this next time…

*Statistical figures and trends are based on public publications

provided by the CMHC.

THE GUARDIAN NORTH - SOLD OUT!MOVE IN THIS SPRING

THE GUARDIAN SOUTH - OVER 50% SOLDMOVE IN NEXT SPRING



PARAMOUNT SUITES starting at $1.4 million

Developed by Hon Developments. Renderings are artist’s interpretation. Prices subject to change without notice. E&EO.

PRESENTATION CENTRE

456-12TH Avenue SE TEL 403 800 3368

Mon – Thurs 12 – 6PM Sat & Sun 12 – 5PM

THE MOST ANTICIPATED HOMES IN VICTORIA PARK





EDMONTON’S NEW RENTAL UNIT CONSTRUCTION SOARS IN 2015(PART 1)

In the first four months of 2015, housing unit starts in

the Edmonton region have grown 136% on an annual

basis*. While owner-intended starts have nearly

doubled by this measure, today’s construction is being

heavily bolstered by an insurgence in apartment rental

starts – 981 since January 2015*.

One obvious driver of this trend has been the region’s

consistently thin vacancy rates within professionally

managed rental buildings. For those looking to rent,

finding an apartment in this market can be daunting,

with many settling outside of desired areas, or for less

desirable options. This situation has caused average

rents in the region to grow faster than anywhere else

in Canada*.

Many real estate agents and new condo developers

now note that today’s rental costs closely resemble

the mortgage payment one might pay on a condo.

This point should seemingly hold close sentiment with

Edmontonians who maintain one of the highest housing

homeownership rates of all major Canadian regions*.

Local values like this may also help explain the success

of the region’s many apartment rental condo conversion

projects that took place between 2005 and 2011 – a

time when the primary rental market was reduced by

over 8,000 apartment units*. Furthermore, condos for

sale have experienced great success in recent years in

terms of sales and price growth, with the resale side of

this market experiencing continued price growth thus

far in 2015.

Given the above, one might ask why there is a need

to build new rentals when we can just promote further

homeownership in the new condo market.

The answer to this is an unforeseen real estate market

trend and an appearing, if not now apparent, consumer

trend. In past articles, we have written about the

opportunities for investment in Edmonton’s secondary

markets, as highlighted by the fact that while the city of

Edmonton’s entire stock of apartments grew by over

7000 units from 2012 to 2014, occupancy rental rates

remained stagnant at roughly 30 percent. All of this

occurred while the professionally managed stock of

rental apartments remained stagnant*.

It seems that developers of these new primary rental

projects have tuned into an emerging trend that was

previously being serviced primarily by secondary rental

market investors. What is this trend?

More on this next time…

*Statistical figures and trends are based on public publications

provided by the CMHC.

QLD 8002 Qualex_Park Point ParkPoint_OldParkAd_CalgaryCondoGuide_20150529

13.05.15

07.05.15F LS

DOCKET # PROJECT FILE NAME

SIZEPROOF

INITIAL SETUP DESKTOP ARTIST

NOTES

SIGNATURE

C M Y K

OK as is

OK with changes

Supply new proof with changesMaterial deadline - May 15, 2015Run Date: May 29, 2015PUBLICATION: CONDO GUIDE - CalgaryContact: Natalie Houghtonemail: [email protected]

Condo Living - Trim: 7.5” x 10.5”Live: 6.75” x 9.75” Bleed: 1/4”

d . m . y

d . m . y

Calgary’s Oldest ParkCalgary’s NewestUrban Address

Own a new local landmark. Overlook the sparkling Calgary skyline from Park Point’s unique

setting and feel secure by investing in unobstructed views atop rare protected green space.

At night, enjoy starlight from your iconic urban tower. By day, soak in the natural sunlight and

blue skies while contemplating the gardens and places to venture to below.

CALGARY · PARKSIDE LIVING ON CENTRAL MEMORIAL PARK

QUALEX.CA/PARKPOINTCENTRAL PARK

12TH AVE SW

N

2ND

ST

SWAnother original by

NOW SELLING

STARTING FROM THE MID $200s

This is not an offering for sale. Any such offer can only be made by way of condominium documents and/or disclosure statement (where applicable). E. & O.E. ™ denotes one or more trade-marks of Qualex-Landmark Management Inc. used under license by Qualex-Landmark Union Inc.

301 11TH AVE SW · OPEN DAILY 12 – 5PM, EXCEPT FRIDAYS · 403 244 2428NOW SELLING · VISIT OUR DISCOVERY CENTRE TODAY


IN THE NEWS

Luxurious rooftop fitness club and lounge launches in Calgary

34TH/35TH FLOOR PRIVATE RESIDENCE CLUB AT MARK ON 10TH INCLUDES FITNESS CENTRE, SAUNA, WET BAR AND LOUNGE

On June 5th, the Qualex-Landmark group held a roof-topping celebration in honour of the final concrete pour atop the Mark on 10th tower. With

spectacular views of the Calgary skyline, residents of the sold-out project are looking forward to enjoying all the elevated amenities offered by Mark on 10th.

Qualex-Landmark is building Calgary’s ultra-luxurious rooftop fitness club and lounge atop its 35-storey downtown Calgary condo project, Mark on 10th. Mark is located in Calgary’s emerging Design District on 10th Avenue and 8th Street SW.

Mark’s rooftop residents’ club includes lounge with wet bar and Wi-Fi Internet, media centre, fully equipped fitness centre, billiards table, seating for small or large gatherings, and a cantilevered enclosed glass mezzanine above it all that offers panoramic views of Calgary’s downtown, surrounding Rocky Mountains and Bow River.

The rooftop’s fully equipped fitness centre features state-of-the-art cardio equipment, a yoga/Pilates studio, infrared sauna, steam room, private changing rooms, lockers and shower facilities. Outside, the rooftop is outfitted with an elevated hot tub with views of the Rocky Mountains, a sunbathing patio with seating, lounge area with barbecue and raised fire pit. The private club

is reserved exclusively for all Mark residents and their invited guests.

“Mark on 10th is designed for those who want to experience the perks of urban living,” says Mohammed Esfahani, president, Qualex-Landmark, developers of Mark on 10th. “Creating Calgary’s most luxurious rooftop fitness club and lounge provides an amazing amenity for our residents and their guests.”

Mark on 10th also features an expansive outdoor urban garden on the third floor. Inspired by traditional and contemporary landscape design from east and west, it will be one of the largest residential highrise gardens in the city. It includes open lawn areas for relaxed recreation, overhead shade trees and a fully accessible pedestrian pathway network with lounge seating.

Available in two designer palettes, Dawn and Dusk, the one- and two-bedroom homes at Mark provide the finest in quality and finishing, and feature over-height doors and ceilings, expansive windows, wide-plank wood-laminate flooring, broadloom carpet in bedrooms, elegant porcelain tiles, and individually controlled heating and cooling. The remaining one- and two-bedroom homes start from the low $300’s.

“Mark on 10th is the fifth downtown condo project in the Qualex-Landmark group’s portfolio in Calgary, and we’ve found that our buyers want a great location and outstanding amenities by a highly qualified and experienced developer with a solid track record,” says Esfahani. “Residents will love the spectacular panoramic views of Calgary’s downtown and the surrounding mountains from Mark’s rooftop lounge.”

Mark is a mixed-use highrise tower being developed by Qualex-Landmark. Architects are award-winning designers Rafii Architect in partnership with BKDI Architects Inc. and Durante-Kreuk Landscape Architects.

More information on Mark on 10th, visit online at qualex.ca/mark

QLD 8002 Qualex_Park Point ParkPoint_OldParkAd_CalgaryCondoGuide_20150529

13.05.15

07.05.15F LS

DOCKET # PROJECT FILE NAME

SIZEPROOF

INITIAL SETUP DESKTOP ARTIST

NOTES

SIGNATURE

C M Y K

OK as is

OK with changes

Supply new proof with changesMaterial deadline - May 15, 2015Run Date: May 29, 2015PUBLICATION: CONDO GUIDE - CalgaryContact: Natalie Houghtonemail: [email protected]

Condo Living - Trim: 7.5” x 10.5”Live: 6.75” x 9.75” Bleed: 1/4”

d . m . y

d . m . y

Calgary’s Oldest ParkCalgary’s NewestUrban Address

Own a new local landmark. Overlook the sparkling Calgary skyline from Park Point’s unique

setting and feel secure by investing in unobstructed views atop rare protected green space.

At night, enjoy starlight from your iconic urban tower. By day, soak in the natural sunlight and

blue skies while contemplating the gardens and places to venture to below.

CALGARY · PARKSIDE LIVING ON CENTRAL MEMORIAL PARK

QUALEX.CA/PARKPOINTCENTRAL PARK

12TH AVE SW

N

2ND

ST

SW

Another original by

NOW SELLING

STARTING FROM THE MID $200s

This is not an offering for sale. Any such offer can only be made by way of condominium documents and/or disclosure statement (where applicable). E. & O.E. ™ denotes one or more trade-marks of Qualex-Landmark Management Inc. used under license by Qualex-Landmark Union Inc.

301 11TH AVE SW · OPEN DAILY 12 – 5PM, EXCEPT FRIDAYS · 403 244 2428NOW SELLING · VISIT OUR DISCOVERY CENTRE TODAY

19

IN THE NEWS

Luxurious rooftop fitness club and lounge launches in Calgary

34TH/35TH FLOOR PRIVATE RESIDENCE CLUB AT MARK ON 10TH INCLUDES FITNESS CENTRE, SAUNA, WET BAR AND LOUNGE

On June 5th, the Qualex-Landmark group held a roof-topping celebration in honour of the final concrete pour atop the Mark on 10th tower. With

spectacular views of the Calgary skyline, residents of the sold-out project are looking forward to enjoying all the elevated amenities offered by Mark on 10th.

Qualex-Landmark is building Calgary’s ultra-luxurious rooftop fitness club and lounge atop its 35-storey downtown Calgary condo project, Mark on 10th. Mark is located in Calgary’s emerging Design District on 10th Avenue and 8th Street SW.

Mark’s rooftop residents’ club includes lounge with wet bar and Wi-Fi Internet, media centre, fully equipped fitness centre, billiards table, seating for small or large gatherings, and a cantilevered enclosed glass mezzanine above it all that offers panoramic views of Calgary’s downtown, surrounding Rocky Mountains and Bow River.

The rooftop’s fully equipped fitness centre features state-of-the-art cardio equipment, a yoga/Pilates studio, infrared sauna, steam room, private changing rooms, lockers and shower facilities. Outside, the rooftop is outfitted with an elevated hot tub with views of the Rocky Mountains, a sunbathing patio with seating, lounge area with barbecue and raised fire pit. The private club

is reserved exclusively for all Mark residents and their invited guests.

“Mark on 10th is designed for those who want to experience the perks of urban living,” says Mohammed Esfahani, president, Qualex-Landmark, developers of Mark on 10th. “Creating Calgary’s most luxurious rooftop fitness club and lounge provides an amazing amenity for our residents and their guests.”

Mark on 10th also features an expansive outdoor urban garden on the third floor. Inspired by traditional and contemporary landscape design from east and west, it will be one of the largest residential highrise gardens in the city. It includes open lawn areas for relaxed recreation, overhead shade trees and a fully accessible pedestrian pathway network with lounge seating.

Available in two designer palettes, Dawn and Dusk, the one- and two-bedroom homes at Mark provide the finest in quality and finishing, and feature over-height doors and ceilings, expansive windows, wide-plank wood-laminate flooring, broadloom carpet in bedrooms, elegant porcelain tiles, and individually controlled heating and cooling. The remaining one- and two-bedroom homes start from the low $300’s.

“Mark on 10th is the fifth downtown condo project in the Qualex-Landmark group’s portfolio in Calgary, and we’ve found that our buyers want a great location and outstanding amenities by a highly qualified and experienced developer with a solid track record,” says Esfahani. “Residents will love the spectacular panoramic views of Calgary’s downtown and the surrounding mountains from Mark’s rooftop lounge.”

Mark is a mixed-use highrise tower being developed by Qualex-Landmark. Architects are award-winning designers Rafii Architect in partnership with BKDI Architects Inc. and Durante-Kreuk Landscape Architects.

More information on Mark on 10th, visit online at qualex.ca/mark

INNER CITY


LUXURY BEGINS AT THE DOOR

Begin your Avenue experience with a greeting from your concierge at the porte cochere – a five-star

entryway that creates an unforgettable arrival for you and your guests. From there, the luxury continues

within the grand reception with its soaring ceilings and statement chandelier, a finely appointed lounge,

connecting sky bridges and state-of-the-art gym. At Avenue, you can leave to travel the world and then return

to a secure home that offers the same sophisticated living experience as the boutique hotels abroad.

ONE BEDROOM HOMES STARTING FROM $374,900 TWO BEDROOM HOMES STARTING FROM $571,900

CONSTRUCTION

UNDERWAY

This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.

10 S

T SW

5th AVE SW

PRESENTATION CENTRE: 1037 5th Avenue, SW, Calgary

Monday–Wednesday: 12pm–6pm Saturday & Sunday: 12pm–5pm Closed Thursdays & Fridays

403-530-8455

AVENUEWESTEND.COM

CMHC REPORT

Regional swings forecast for Canada’s housing market

By Lydia McNutt

Lower oil prices are a key contributor to different tales being told of the housing market by Canada Mortgage and Housing Corp. (CMHC) in its second quarter 2015

Housing Market Outlook. From a national view, eroding market conditions in the Prairies will be stabilized by activity in Ontario and BC, bringing the overall picture into more balanced territory.

CMHC predicts national housing starts will decline in 2015 and 2016, but with some regional disparities.

While oil-producing provinces like Alberta are seeing a slowdown in starts and sales, Ontario and BC are enjoying an upswing from some notable downs – lower energy prices, a lower Canadian dollar and low mortgage rates, according to Bob Dugan, chief economist, CMHC.

“Moreover, since the inventory of completed and unabsorbed units remains above the historical average, we expect the pace of new home construction to moderate over the next couple of years as builders focus on managing the existing inventory,” Dugan adds.

In the Prairies, starts are continuing on their downward trend, numbering 55,067 units in 2014, with a

forecast of 43,400 to 49,500 units in 2015, and between 38,900 and 46,300 units in 2016.

Canada wide, CMHC expects between 166,540 and 188,580 housing starts in 2015 with a point forecast of 181,618 units. In 2016, starts are forecast between 162,840 to 190,830 units, with a point forecast of 181,800 units.

In its latest release of May housing starts data, CMHC saw a slight uptick in May, due to an increase in multiple-unit construction starts in Ontario, the Atlantic region and Québec. The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

The standalone monthly SAAR was 201,705 units in May, up from 183,329 units in April. The SAAR of urban starts increased by 10.8 per cent in May to 185,235 units. Multi-unit urban starts increased by 16.9 per cent to 126,367 units in May, while the single-detached urban starts segment essentially held steady at 58,868 units.

In May, the seasonally adjusted annual rate of urban starts increased in Atlantic Canada, Ontario and Québec, while it decreased in British Columbia and the Prairies.


LUXURY BEGINS AT THE DOOR

Begin your Avenue experience with a greeting from your concierge at the porte cochere – a five-star

entryway that creates an unforgettable arrival for you and your guests. From there, the luxury continues

within the grand reception with its soaring ceilings and statement chandelier, a finely appointed lounge,

connecting sky bridges and state-of-the-art gym. At Avenue, you can leave to travel the world and then return

to a secure home that offers the same sophisticated living experience as the boutique hotels abroad.

ONE BEDROOM HOMES STARTING FROM $374,900 TWO BEDROOM HOMES STARTING FROM $571,900

CONSTRUCTION

UNDERWAY

This is not an offering for sale. Such an offering can only be made with a disclosure statement. E.&O.E.

10 S

T SW

5th AVE SW

PRESENTATION CENTRE: 1037 5th Avenue, SW, Calgary

Monday–Wednesday: 12pm–6pm Saturday & Sunday: 12pm–5pm Closed Thursdays & Fridays

403-530-8455

AVENUEWESTEND.COM

CMHC REPORT

Regional swings forecast for Canada’s housing market

By Lydia McNutt

Lower oil prices are a key contributor to different tales being told of the housing market by Canada Mortgage and Housing Corp. (CMHC) in its second quarter 2015

Housing Market Outlook. From a national view, eroding market conditions in the Prairies will be stabilized by activity in Ontario and BC, bringing the overall picture into more balanced territory.

CMHC predicts national housing starts will decline in 2015 and 2016, but with some regional disparities.

While oil-producing provinces like Alberta are seeing a slowdown in starts and sales, Ontario and BC are enjoying an upswing from some notable downs – lower energy prices, a lower Canadian dollar and low mortgage rates, according to Bob Dugan, chief economist, CMHC.

“Moreover, since the inventory of completed and unabsorbed units remains above the historical average, we expect the pace of new home construction to moderate over the next couple of years as builders focus on managing the existing inventory,” Dugan adds.

In the Prairies, starts are continuing on their downward trend, numbering 55,067 units in 2014, with a

forecast of 43,400 to 49,500 units in 2015, and between 38,900 and 46,300 units in 2016.

Canada wide, CMHC expects between 166,540 and 188,580 housing starts in 2015 with a point forecast of 181,618 units. In 2016, starts are forecast between 162,840 to 190,830 units, with a point forecast of 181,800 units.

In its latest release of May housing starts data, CMHC saw a slight uptick in May, due to an increase in multiple-unit construction starts in Ontario, the Atlantic region and Québec. The trend is a six-month moving average of the monthly seasonally adjusted annual rates (SAAR) of housing starts.

The standalone monthly SAAR was 201,705 units in May, up from 183,329 units in April. The SAAR of urban starts increased by 10.8 per cent in May to 185,235 units. Multi-unit urban starts increased by 16.9 per cent to 126,367 units in May, while the single-detached urban starts segment essentially held steady at 58,868 units.

In May, the seasonally adjusted annual rate of urban starts increased in Atlantic Canada, Ontario and Québec, while it decreased in British Columbia and the Prairies.


By Cody Battershill

CALGARYISM

Cody Battershill is the founder of Calgaryism and a top producing realtor at Re/Max House of Real Estate. Cody has a passion for

helping his clients reach their real estate goals and showing off the best Calgary has to offer! He can be reached at 403.370.4180, on

Twitter @Calgaryismand Calgaryism.ca

5 reasons why owning a condo beats renting

Calgary’s real estate market has had its fair share of ups and downs over the past

decade. As a fi rst-time homebuyer looking to make the jump from renting to owning, you might be wondering, when is the best time to buy? Will the market go up? Will the market go down?

No one really knows for certain, not even real estate agents who have been at it for 30 years or more. However, factors that contribute to the direction of the real estate market and the overall economic health of Calgary’s economy should be considered in their own respects.

As a real estate agent with over 12 years of experience, I believe the long-term prospects for Calgary’s residential market are very bright.

One reason for my optimistic forecast is that Canada and Alberta specifi cally have the world’s largest investable oil reserves and the world’s third largest total oil reserves after Saudi Arabia and Venezuela. Without a doubt, our natural resources are directly tied to the health of not only our economy, but also the local housing market.

So that brings us back to our original question: should you rent or buy? Here are fi ve reasons why owning is better than renting:

#1. Be your own landlord As a fi rst-time buyer, you will have the security of knowing that only the bank can only kick you out of your home if you don’t pay your mortgage.

In a rental scenario, landlords can be much less dependable, deciding to sell (at which point you could have people coming into your place every day to look at it). They could

also renovate, raise your rent, or sometimes actually move in to live there themselves.

Owning provides the peace of mind and security of knowing you control where you live and no one can take that away from you!

#2. Build wealth Yes, the real estate market will have its ups and downs, but if the past is indicative of the future for Calgary’s residential sector, prices should rise like they have throughout history. It’s possible that home prices will fall in the near term, but it is also possible that your RRSP will lose value as well.

The big di� erence between an RRSP / TFSA and condo ownership is the former don’t provide any material physical benefi t to your day to day life. Your account statements do have a number value on them, but even then your investment accounts are still only a “paper gain” until you sell and put that money in your bank account.

Over the long haul, both are likely to enjoy positive growth (based on the historical trends over the long term); however, the benefi t of owning a condo is building wealth while providing for all of your basic needs.

#3. Build equity What you pay toward the principal on your mortgage (monthly or bi-weekly) increases your equity in the condo.

Wouldn’t you rather become a homeowner and pay yourself fi rst!? In essence, your home acts like a piggy-bank in saving the amount of principal you pay o� the mortgage with each and every payment.

Then over the years, as the value of the property increases, your equity also increases. When renting,

all of the money you pay to your landlord is his or hers, providing you with no long-term benefi t.

#4. Retirement Mortgage rates go up and down but typically are quite reasonable. Over time you pay o� that mortgage. That, coupled with long-term price appreciation, can provide you with a nice lump sum for later on in life. I know it might be a long ways o� from when you buy your fi rst new condo, but nevertheless, homeownership and the equity built from it is a pillar of retirement.

#5. Pride of ownership When you own a condo it gives you a sense of pride and accomplishment. That also means you can decorate and do other custom jobs – the latter with approval from the condo board, of course.

You can do whatever you want because you own it. It’s your property!

What do you think – is it time to stop renting and buy a new condo?

23

By Cody Battershill

CALGARYISM

Cody Battershill is the founder of Calgaryism and a top producing realtor at Re/Max House of Real Estate. Cody has a passion for

helping his clients reach their real estate goals and showing off the best Calgary has to offer! He can be reached at 403.370.4180, on

Twitter @Calgaryismand Calgaryism.ca

5 reasons why owning a condo beats renting

Calgary’s real estate market has had its fair share of ups and downs over the past

decade. As a fi rst-time homebuyer looking to make the jump from renting to owning, you might be wondering, when is the best time to buy? Will the market go up? Will the market go down?

No one really knows for certain, not even real estate agents who have been at it for 30 years or more. However, factors that contribute to the direction of the real estate market and the overall economic health of Calgary’s economy should be considered in their own respects.

As a real estate agent with over 12 years of experience, I believe the long-term prospects for Calgary’s residential market are very bright.

One reason for my optimistic forecast is that Canada and Alberta specifi cally have the world’s largest investable oil reserves and the world’s third largest total oil reserves after Saudi Arabia and Venezuela. Without a doubt, our natural resources are directly tied to the health of not only our economy, but also the local housing market.

So that brings us back to our original question: should you rent or buy? Here are fi ve reasons why owning is better than renting:

#1. Be your own landlord As a fi rst-time buyer, you will have the security of knowing that only the bank can only kick you out of your home if you don’t pay your mortgage.

In a rental scenario, landlords can be much less dependable, deciding to sell (at which point you could have people coming into your place every day to look at it). They could

also renovate, raise your rent, or sometimes actually move in to live there themselves.

Owning provides the peace of mind and security of knowing you control where you live and no one can take that away from you!

#2. Build wealth Yes, the real estate market will have its ups and downs, but if the past is indicative of the future for Calgary’s residential sector, prices should rise like they have throughout history. It’s possible that home prices will fall in the near term, but it is also possible that your RRSP will lose value as well.

The big di� erence between an RRSP / TFSA and condo ownership is the former don’t provide any material physical benefi t to your day to day life. Your account statements do have a number value on them, but even then your investment accounts are still only a “paper gain” until you sell and put that money in your bank account.

Over the long haul, both are likely to enjoy positive growth (based on the historical trends over the long term); however, the benefi t of owning a condo is building wealth while providing for all of your basic needs.

#3. Build equity What you pay toward the principal on your mortgage (monthly or bi-weekly) increases your equity in the condo.

Wouldn’t you rather become a homeowner and pay yourself fi rst!? In essence, your home acts like a piggy-bank in saving the amount of principal you pay o� the mortgage with each and every payment.

Then over the years, as the value of the property increases, your equity also increases. When renting,

all of the money you pay to your landlord is his or hers, providing you with no long-term benefi t.

#4. Retirement Mortgage rates go up and down but typically are quite reasonable. Over time you pay o� that mortgage. That, coupled with long-term price appreciation, can provide you with a nice lump sum for later on in life. I know it might be a long ways o� from when you buy your fi rst new condo, but nevertheless, homeownership and the equity built from it is a pillar of retirement.

#5. Pride of ownership When you own a condo it gives you a sense of pride and accomplishment. That also means you can decorate and do other custom jobs – the latter with approval from the condo board, of course.

You can do whatever you want because you own it. It’s your property!

What do you think – is it time to stop renting and buy a new condo?

24

NOSEHILLPARK

FISH CREEK PARK

CALGARYINTERNATIONAL

AIRPORTI

CROWCHILD TRAIL

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

DEER

FOOT T

RAIL

DEERFOOT TRAIL

BOW BOTTOM

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TON

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14 S

TREE

T

MCKNIGHT BLVD.

MEMORIAL DRIVEMEMORIAL DRIVE

FALC

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GE

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52 S

TREE

T

52 S

TREE

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BARL

OW

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Mac

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MacLEO

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ANDERSON ROAD

MARQUIS OF LORNE TRAIL

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SOUTHLAND DRIVE

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KFO

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TRAI

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SHAWNESSYBLVD.

GLENMORERESERVOIR

COUNTRY HILLS BLVD.

STONEY TRAIL

128 NE Ave

MET

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RAIL

COUNTRY HILLS BLVD.

SADDLETREE DR.

80 Ave

64 Ave64 Ave

32 Ave

17 Ave17 Ave

16 AVENUE16 AVENUE

68 S

TREE

T

52 S

TREE

T

36 S

TREE

T

114 AVE SE

84 S

TREE

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CHAPARRAL

NEW BRIGHTON

ABURN BAY

COPPERFIELD

CRANSTON

12 AVENUE

02 01

05

04

1303

06 07

NORTHEAST COMMUNITIES03 LiFFT

BY VERICON REAL ESTATE VENTURES Sales Centre #701, 7th Ave. NE livelifft.com

04 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com

05 HARANA TOWNHOMES BY JAYMAN MODUS Coming Summer 2015 Register: jayman.com/harana

06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP 104 Redstone View (off Redstone Way)

07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP Coming Soon www.arrivehome.ca

13 V&V BY PROVIDENCE GROUP Now Open Register: einsteincalgary.com

01 BRIDGELAND CROSSINGS BY APEX CITY HOMES Coming Soon bridgelandcrossings.com


INNER CITY


NOSEHILLPARK

FISH CREEK PARK


AIRPORTI

CROWCHILD TRAIL

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

DEER

FOOT T

RAIL

DEERFOOT TRAIL

BOW BOTTOM

TRAIL

CEN

TRE

STRE

ET

EDM

ON

TON

TRA

IL

14 S

TREE

T

MCKNIGHT BLVD.


FALC

ONRID

GE

GLENMORE TRAIL

52 S

TREE

T

52 S

TREE

T

BARL

OW

TRA

IL

Mac

LEO

D TR

AIL

MacLEO

D TRAIL

ANDERSON ROAD


JAMES M

cKEVITT

SOUTHLAND DRIVE

ELBO

W D

RIVE

BLAC

KFO

OT

TRAI

L

SHAWNESSYBLVD.

GLENMORERESERVOIR

COUNTRY HILLS BLVD.

STONEY TRAIL

128 NE Ave

MET

IS T

RAIL

COUNTRY HILLS BLVD.

SADDLETREE DR.

80 Ave

64 Ave64 Ave

32 Ave

17 Ave17 Ave

16 AVENUE16 AVENUE

68 S

TREE

T

52 S

TREE

T

36 S

TREE

T

114 AVE SE

84 S

TREE

T

CHAPARRAL

NEW BRIGHTON

ABURN BAY

COPPERFIELD

CRANSTON

12 AVENUE

02 01

05

04

1303

06 07

NORTHEAST COMMUNITIES03 LiFFT

BY VERICON REAL ESTATE VENTURES Sales Centre #701, 7th Ave. NE livelifft.com

04 STEPS BRIDGELAND BY GIUSTINI BRIDGES IN. Sales Centre 921 - 1st Ave. NE www.stepsbridgeland.com

05 HARANA TOWNHOMES BY JAYMAN MODUS Coming Summer 2015 Register: jayman.com/harana

06 ARRIVE AT REDSTONE BY PARTNERS DEVELOPMENT GROUP 104 Redstone View (off Redstone Way)

07 ARRIVE AT SKYVIEW RANCH ARBOURS BY PARTNERS DEVELOPMENT GROUP Coming Soon www.arrivehome.ca

13 V&V BY PROVIDENCE GROUP Now Open Register: einsteincalgary.com

01 BRIDGELAND CROSSINGS BY APEX CITY HOMES Coming Soon bridgelandcrossings.com



STACKED BUNGALOWS FROM 1406 - 1622 SQ. FT.Get more from your home with an exceptionally large Hunter House stacked

bungalow. Picture yourself with more space, an already established community, a

maintenance free lifestyle, all the premium features you’ve dreamed of and more.

PREMIUM STACKED BUNGALOW FEATURES:• 2 bedrooms plus den

• Hardwood flooring in living & dining room

• Quartz or granite countertops with

spacious eating bar

• Full size double car garage with driveway

• Stainless steel appliances including

chimney style hood fan and gas range

• 10’ ceilings

• Large terraces and patios

• Separate dining area

HunterHouseLiving.com | 403.240.4664

220 Silverado Plains Park SWMon - Thurs 1pm - 7pm | Sat - Sun 12pm - 5pm

Stacked Bungalows from the $500’s (incl. GST)

- 2014 -


LIVE IN CALGARY’S PREMIUM

SOUTHWEST ADDRESS

*Limited time offer. Only on new home purchases at Hunter House. Subject to change without notice.

04 THE LANDINGS BY STATESMAN 771 Patrick St. S.W.

05 OVERTURE BY JAYMAN MODUS Sales Centre Now Open in Currie Barracks

06 LEGACY PARK BY BRAD REMINGTON Register at: mylegacypark.ca

07 GLAS BY AVALON 2712 17th St. SW



10 VIVACE BY STREETSIDE DEVELOPMENTS Presentation Centre: 2118, 8561-8A Ave. SE

11 JUNO BY AVI URBAN Sales Centre in Currie Barracks J5, 2953 Battleford Ave. SW

12 SANDERSON RIDGE OF FISH CREEK PARK BY TELSEC 2330 Fish Creek Blvd. SW www.sanderson-ridge.ca

13 ALTADORE 36 BY BROOKFIELD RESIDENTIAL 36th St. & 16th Ave SW Register Now www.altadore36.com

14 MAX TOWNHOMES BY ASSURED DEVELOPMENTS 1605 25 Ave SW

15 THE ARMORY BY COVE PROPERTIES Currie Barracks

SOUTHWEST COMMUNITIES

NOSEHILLPARK

16 AVENUEOLD BANFF COACH ROAD

16 AVENUE CENT

RE S

TREE

T

EDM

ONT

ON

TRAI

L

14 S

TREE

T

85 S

TREE

T

GLENMORE TRAIL

69 S

TREE

T

BARL

OW

TRA

IL36

STR

EET

ME MOR IAL DR IV E

M

acLE

OD

TRAI

L

ANDERSON ROAD

SOUTHLAND DRIVE

BOW BOTTOM

TRAIL

MacLEOD TRAIL


JAMES M

cKEVITT

ELBO

W D

RIVE

BLAC

KFO

OT

TRAI

L

SHAWNESSYBLVD.

SHERIFF KING ST. SW

194 AVE

GLENMORERESERVOIR

CROWCHILD TRAIL

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

NOSE

HILL

DR.STO

NEY TRAIL

COUNTRY HILLS BLVD.COUNTRY HILLS BLVD.

ROCKY RIDGE BLVD.

DEER

FOOT T

RAIL

DEERFOOT TRAIL

64 Ave

37 S

TREE

T

SARC

EE T

RAIL

17 Ave

32 Ave

16 AVENUE

FISH CREEK PARK


AIRPORT

03

4

11

07

14

09

08

10

01

06

05

15

12

02

13

01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 1020 194th Ave S.W. www.hunterhouseliving.com

02 BROOKLYN CONDOMINIUMS BY TRICO HOMES 1710-28 Ave. SW www.brooklyncondos.ca

03 OVATION BY INTERGULF CIDEX #2105, 99 Spruce Place S.W.

www.mylegacypark.com403.931.8558

COMING SOON! Register today!

SOUTHWEST


STACKED BUNGALOWS FROM 1406 - 1622 SQ. FT.Get more from your home with an exceptionally large Hunter House stacked

bungalow. Picture yourself with more space, an already established community, a

maintenance free lifestyle, all the premium features you’ve dreamed of and more.

PREMIUM STACKED BUNGALOW FEATURES:• 2 bedrooms plus den

• Hardwood flooring in living & dining room

• Quartz or granite countertops with

spacious eating bar

• Full size double car garage with driveway

• Stainless steel appliances including

chimney style hood fan and gas range

• 10’ ceilings

• Large terraces and patios

• Separate dining area

HunterHouseLiving.com | 403.240.4664

220 Silverado Plains Park SWMon - Thurs 1pm - 7pm | Sat - Sun 12pm - 5pm

Stacked Bungalows from the $500’s (incl. GST)

- 2014 -


LIVE IN CALGARY’S PREMIUM

SOUTHWEST ADDRESS

*Limited time offer. Only on new home purchases at Hunter House. Subject to change without notice.

04 THE LANDINGS BY STATESMAN 771 Patrick St. S.W.

05 OVERTURE BY JAYMAN MODUS Sales Centre Now Open in Currie Barracks

06 LEGACY PARK BY BRAD REMINGTON Register at: mylegacypark.ca

07 GLAS BY AVALON 2712 17th St. SW



10 VIVACE BY STREETSIDE DEVELOPMENTS Presentation Centre: 2118, 8561-8A Ave. SE

11 JUNO BY AVI URBAN Sales Centre in Currie Barracks J5, 2953 Battleford Ave. SW

12 SANDERSON RIDGE OF FISH CREEK PARK BY TELSEC 2330 Fish Creek Blvd. SW www.sanderson-ridge.ca

13 ALTADORE 36 BY BROOKFIELD RESIDENTIAL 36th St. & 16th Ave SW Register Now www.altadore36.com

14 MAX TOWNHOMES BY ASSURED DEVELOPMENTS 1605 25 Ave SW

15 THE ARMORY BY COVE PROPERTIES Currie Barracks

SOUTHWEST COMMUNITIES

NOSEHILLPARK


16 AVENUE CENT

RE S

TREE

T

EDM

ONT

ON

TRAI

L

14 S

TREE

T

85 S

TREE

T

GLENMORE TRAIL

69 S

TREE

T

BARL

OW

TRA

IL36

STR

EET

ME MOR IAL DR IV E

M

acLE

OD

TRAI

L

ANDERSON ROAD

SOUTHLAND DRIVE

BOW BOTTOM

TRAIL

MacLEOD TRAIL


JAMES M

cKEVITT

ELBO

W D

RIVE

BLAC

KFO

OT

TRAI

L

SHAWNESSYBLVD.

SHERIFF KING ST. SW

194 AVE

GLENMORERESERVOIR

CROWCHILD TRAIL

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

NOSE

HILL

DR.STO

NEY TRAIL

COUNTRY HILLS BLVD.COUNTRY HILLS BLVD.

ROCKY RIDGE BLVD.

DEER

FOOT T

RAIL

DEERFOOT TRAIL

64 Ave

37 S

TREE

T

SARC

EE T

RAIL

17 Ave

32 Ave

16 AVENUE

FISH CREEK PARK


AIRPORT

03

4

11

07

14

09

08

10

01

06

05

15

12

02

13

01 HUNTER HOUSE BY STREETSIDE DEVELOPMENT 1020 194th Ave S.W. www.hunterhouseliving.com

02 BROOKLYN CONDOMINIUMS BY TRICO HOMES 1710-28 Ave. SW www.brooklyncondos.ca

03 OVATION BY INTERGULF CIDEX #2105, 99 Spruce Place S.W.

www.mylegacypark.com403.931.8558

COMING SOON! Register today!

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29


By Linda Palfi

CONTEMPLATING CONDOMINIUMS

Linda Palfi is a condominium-specialist realtor with Discover Real Estate. She is the chair of

her condo board, and a member of the professional standards

committee of the Calgary Real Estate Board. Visit CondosInCalgary.com or

call 403.998.7732

The Condominium Act better protects us all

Expanded consumer protection seems to be the catchphrase that best sums up the condominium law in Alberta. Improvements include increased disclosure to buyers by the developers of new condo projects,

mandatory reserve funds, expanded power for condominium corporation boards, and new options to resolve disputes.

Yet in many instances the provision of new or additional information will not serve a public that cannot interpret it. When buying new residential condominium homes, for example, few prospective buyers will know what they should watch for, or understand much of the expanded information that must be included in a developer’s purchase agreement. Professional guidance to buyers will be more valuable than ever.

A professional condominium realtor, for example, will be paid by most developers out of their marketing budget, so there is no additional cost to you for informed representation during your purchase. Otherwise, there are condominium consulting companies that, for a few hundred dollars, will analyse your proposed purchase and advise you of any potential issues.

With that assistance, if you choose, you’ll find a cornucopia of information in the developer’s purchase agreement that you intend to sign for your condo dream home. Details will include: the basis for the unit factors that allocate budget expenses; most development details, from common-area and exterior finishes to where major utilities will be located; whether the project is a phased development, and how it will look and be run when all phases are complete.

Protection for the public also includes extensive trust provisions that require new-condo purchase funds to be held pending completion of the project. And when buyers move in, the builder must show an occupancy permit under Alberta’s Safety Codes Act. This means we’ll see fewer people moving into projects where scaffolding looms overhead and workers are still required to wear hard hats!

Most people have never needed these extensive protective provisions. Alberta’s major condo developers are reputable – and some award-winning! Those companies will likely take advantage of the new law’s provisions allowing creation of in-house buyer protection programs approved by the provincial minister. These will lay out what happens to your purchase money, how buyers are protected, and under what circumstances refunds may be issued.

Whether good builder or bad, however, Alberta’s condominium law imposes on builders and buyers alike a duty to deal fairly with each other, as per another a law called the Fair Trading Act. While we talk mainly of problems with developers, not all buyers are angels! The knife of fair dealing cuts both ways, so don’t go buying condos with rubber cheques or meddlesome intentions.

If trouble arises, remember that there is no “condo cop” in Alberta. There is no agency or office that specifically handles complaints or presses charges for infractions. The legislation is what they call “self-policing.” If you don’t know what the rules are, you won’t know if any are being broken. If you find yourself in a problem, the government could technically sue on your behalf, but it’s most likely going to be up to you.

Let’s close on one specific caution regarding buying a new condo. It’s commonly believed that when you sign a new condo home purchase agreement, you have 10 clear days to rescind your purchase without cause, although that must be done in writing. Not quite so! You have 10 days to back out from the time you receive the condominium documents. In other words, if you go to a show suite one Saturday and take home the documents, then go back the subsequent Saturday and agree to purchase, you only have three days left to change your mind.

Alberta’s Condominium Property Act further focuses on improvements in condo governance, management, required reserve funds and reserve fund studies. All in all, condominium living continues to provide Albertans with more and better housing that is often affordable, well built, well run and well maintained.

Condo hunter’s checklistWHEN SHOPPING FOR YOUR DREAM CONDO, CARRY THIS LIST WITH YOU AND TAKE NOTES TO HELP YOU REMEMBER WHAT YOU SAW, AND WHERE!

CONDO #1 CONDO #2 CONDO #3 CONDO #4

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:

midrise townhome highrise conversion

Sq. ft.:

# of bedrooms:

# of bathrooms:

Interior appliances:

Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:

Financing available:

Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

HOMEBUYERS’ HELP


By Linda Palfi

CONTEMPLATING CONDOMINIUMS

Linda Palfi is a condominium-specialist realtor with Discover Real Estate. She is the chair of

her condo board, and a member of the professional standards

committee of the Calgary Real Estate Board. Visit CondosInCalgary.com or

call 403.998.7732

The Condominium Act better protects us all

Expanded consumer protection seems to be the catchphrase that best sums up the condominium law in Alberta. Improvements include increased disclosure to buyers by the developers of new condo projects,

mandatory reserve funds, expanded power for condominium corporation boards, and new options to resolve disputes.

Yet in many instances the provision of new or additional information will not serve a public that cannot interpret it. When buying new residential condominium homes, for example, few prospective buyers will know what they should watch for, or understand much of the expanded information that must be included in a developer’s purchase agreement. Professional guidance to buyers will be more valuable than ever.

A professional condominium realtor, for example, will be paid by most developers out of their marketing budget, so there is no additional cost to you for informed representation during your purchase. Otherwise, there are condominium consulting companies that, for a few hundred dollars, will analyse your proposed purchase and advise you of any potential issues.

With that assistance, if you choose, you’ll find a cornucopia of information in the developer’s purchase agreement that you intend to sign for your condo dream home. Details will include: the basis for the unit factors that allocate budget expenses; most development details, from common-area and exterior finishes to where major utilities will be located; whether the project is a phased development, and how it will look and be run when all phases are complete.

Protection for the public also includes extensive trust provisions that require new-condo purchase funds to be held pending completion of the project. And when buyers move in, the builder must show an occupancy permit under Alberta’s Safety Codes Act. This means we’ll see fewer people moving into projects where scaffolding looms overhead and workers are still required to wear hard hats!

Most people have never needed these extensive protective provisions. Alberta’s major condo developers are reputable – and some award-winning! Those companies will likely take advantage of the new law’s provisions allowing creation of in-house buyer protection programs approved by the provincial minister. These will lay out what happens to your purchase money, how buyers are protected, and under what circumstances refunds may be issued.

Whether good builder or bad, however, Alberta’s condominium law imposes on builders and buyers alike a duty to deal fairly with each other, as per another a law called the Fair Trading Act. While we talk mainly of problems with developers, not all buyers are angels! The knife of fair dealing cuts both ways, so don’t go buying condos with rubber cheques or meddlesome intentions.

If trouble arises, remember that there is no “condo cop” in Alberta. There is no agency or office that specifically handles complaints or presses charges for infractions. The legislation is what they call “self-policing.” If you don’t know what the rules are, you won’t know if any are being broken. If you find yourself in a problem, the government could technically sue on your behalf, but it’s most likely going to be up to you.

Let’s close on one specific caution regarding buying a new condo. It’s commonly believed that when you sign a new condo home purchase agreement, you have 10 clear days to rescind your purchase without cause, although that must be done in writing. Not quite so! You have 10 days to back out from the time you receive the condominium documents. In other words, if you go to a show suite one Saturday and take home the documents, then go back the subsequent Saturday and agree to purchase, you only have three days left to change your mind.

Alberta’s Condominium Property Act further focuses on improvements in condo governance, management, required reserve funds and reserve fund studies. All in all, condominium living continues to provide Albertans with more and better housing that is often affordable, well built, well run and well maintained.

Condo hunter’s checklistWHEN SHOPPING FOR YOUR DREAM CONDO, CARRY THIS LIST WITH YOU AND TAKE NOTES TO HELP YOU REMEMBER WHAT YOU SAW, AND WHERE!

CONDO #1 CONDO #2 CONDO #3 CONDO #4

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. ft.:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

HOMEBUYERS’ HELP

32

SOUTHEAST COMMUNITIES11 CHALET NO. 6

BY SABAL HOMES 646 Copperwood Blvd SE

12 EBONY BY JAYMAN MODUS 211 Mahogany Way

13 HARVEST MOSAIC CRANSTON BY BROOKFIELD RESIDENTIAL 290 Cranford Drive SE

14 BOULEVARD TOWNES BY BIRCHWOOD 116 Quarry Park Way SE

15 LIVINGSTONE TOWNES BY TRICO COMMUNITIES 52 Legacy Gate SE

16 SANDGATE BY SABAL HOMES Coming Soon 6 Mahogany Terrace SE

17 MOSAIC MIRAGE BY BROOKFIELD RESIDENTIAL 347 MacKenzie Towne Gate

18 THE GATES BY REMINGTON DEVELOPMENT CORPORATION Presentation Centre: 350 Quarry Park Blvd SE

19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION Quarry Park Blvd SE remingtoncorp.com

20 CRANSTON PLACE BY CARDEL LIFESTYLES 302 Cranston Road SE

21 ALTURE MIDCITY BY ALTURE PROPERTIES 15233 1 Street Southeast midcitymidnapore.ca

22 MAHOGANY STREET TOWNS BY HOMES BY AVI 13 Marine Dr SE

23 LEGACY PARK BY BRAD REMINGTON HOMES Register at: mylegacypark.ca

24 JACKSON BY AVI URBAN Coming soon to Walden

25 RIVERSTONE MOSAIC BY BROOKFIELD RESIDENTIAL 98 Cranbrook Dr. SE

01 CRANSTON RIDGE BY CARDEL LIFESTYLES Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/cranston-ridge

02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.

03 MUSKOKA BY BROOKFIELD RESIDENTIAL 65 Auburn Meadows Way

05 LEGACY STREET TOWNS BY HOMES BY AVI 42 Legacy Blvd SE

06 ZEN BY AVALON MASTER BUILDER 82 Auburn Bay Link SE

07 AUBURN WALK BY CARDEL LIFESTYLES Showsuite and Sales Centre Corner of 52nd Street and Auburn Meadows Dr. SE

08 THE MORELLO 15207 1st SE themorello.ca

09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING 232 Quarry Park Blvd. SE

10 CANOE BY AVI URBAN 103 Auburn Meadows Dr.

13

NOSEHILLPARK

FISH CREEK PARK


AIRPORTI

CROWCHILD TRAIL

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

DEER

FOOT T

RAIL

DEERFOOT TRAIL

BOW BOTTOM TRAIL

CENT

RE S

TREE

T

14 S

TREE

T

MCKNIGHT BLVD.


FALC

ONRID

GE

GLENMORE TRAIL

52 S

TREE

T

52 S

TREE

T

BARL

OW TR

AIL

Mac

LEOD

TRAI

L

MacLEOD TRAIL

ANDERSON ROAD


JAMES M

cKEVITT

SOUTHLAND DRIVE

ELBO

W D

RIVE

BLAC

KFOO

T TRA

IL

SHAWNESSYBLVD.

GLENMORERESERVOIR

COUNTRY HILLS BLVD.

STONEY TRAIL

MET

IS TR

AIL

COUNTRY HILLS BLVD.

SADDLETREE DR.

80 Ave

64 Ave64 Ave

32 Ave

17 Ave17 Ave

16 AVENUE16 AVENUE

68 S

TREE

T

52 S

TREE

T

36 S

TREE

T

114 AVE SE

SETON BLVD.

84 S

TREE

T

CHAPARRAL

NEW BRIGHTON

AUBURN BAY

MAHOGANY

COPPERFIELD

CRANSTON

WALDENLEGACY

52 ST. W

12 AVENUE

16 02

01

14

20

11

12

05

24

15

19

18 09

23

2203

16 06

1007

17

0821

www.copperfieldpark.com403.723.0094

CONDOS FROM THE MID$100’s

25

SOUTHEAST


SOUTHEAST COMMUNITIES11 CHALET NO. 6

BY SABAL HOMES 646 Copperwood Blvd SE

12 EBONY BY JAYMAN MODUS 211 Mahogany Way

13 HARVEST MOSAIC CRANSTON BY BROOKFIELD RESIDENTIAL 290 Cranford Drive SE

14 BOULEVARD TOWNES BY BIRCHWOOD 116 Quarry Park Way SE

15 LIVINGSTONE TOWNES BY TRICO COMMUNITIES 52 Legacy Gate SE

16 SANDGATE BY SABAL HOMES Coming Soon 6 Mahogany Terrace SE

17 MOSAIC MIRAGE BY BROOKFIELD RESIDENTIAL 347 MacKenzie Towne Gate

18 THE GATES BY REMINGTON DEVELOPMENT CORPORATION Presentation Centre: 350 Quarry Park Blvd SE

19 CHAMPAGNE BY REMINGTON DEVELOPMENTCORPORATION Quarry Park Blvd SE remingtoncorp.com

20 CRANSTON PLACE BY CARDEL LIFESTYLES 302 Cranston Road SE

21 ALTURE MIDCITY BY ALTURE PROPERTIES 15233 1 Street Southeast midcitymidnapore.ca

22 MAHOGANY STREET TOWNS BY HOMES BY AVI 13 Marine Dr SE

23 LEGACY PARK BY BRAD REMINGTON HOMES Register at: mylegacypark.ca

24 JACKSON BY AVI URBAN Coming soon to Walden

25 RIVERSTONE MOSAIC BY BROOKFIELD RESIDENTIAL 98 Cranbrook Dr. SE

01 CRANSTON RIDGE BY CARDEL LIFESTYLES Corner of Cranford Dr and Cranston Gate SE Register: www.cardellifestyles.com/cranston-ridge

02 COPPERFIELD PARK BY BRAD REMINGTON HOMES 279 Copperpond Common S.E.

03 MUSKOKA BY BROOKFIELD RESIDENTIAL 65 Auburn Meadows Way

05 LEGACY STREET TOWNS BY HOMES BY AVI 42 Legacy Blvd SE

06 ZEN BY AVALON MASTER BUILDER 82 Auburn Bay Link SE

07 AUBURN WALK BY CARDEL LIFESTYLES Showsuite and Sales Centre Corner of 52nd Street and Auburn Meadows Dr. SE

08 THE MORELLO 15207 1st SE themorello.ca

09 BRISTOL TOWNHOMES BY BIRCHWOOD NOW SELLING 232 Quarry Park Blvd. SE

10 CANOE BY AVI URBAN 103 Auburn Meadows Dr.

13

NOSEHILLPARK

FISH CREEK PARK


AIRPORTI

CROWCHILD TRAIL

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

DEER

FOOT T

RAIL

DEERFOOT TRAIL

BOW BOTTOM TRAIL

CENT

RE S

TREE

T

14 S

TREE

T

MCKNIGHT BLVD.


FALC

ONRID

GE

GLENMORE TRAIL

52 S

TREE

T

52 S

TREE

T

BARL

OW TR

AIL

Mac

LEOD

TRAI

L

MacLEOD TRAIL

ANDERSON ROAD


JAMES M

cKEVITT

SOUTHLAND DRIVE

ELBO

W D

RIVE

BLAC

KFOO

T TRA

IL

SHAWNESSYBLVD.

GLENMORERESERVOIR

COUNTRY HILLS BLVD.

STONEY TRAIL

MET

IS TR

AIL

COUNTRY HILLS BLVD.

SADDLETREE DR.

80 Ave

64 Ave64 Ave

32 Ave

17 Ave17 Ave

16 AVENUE16 AVENUE

68 S

TREE

T

52 S

TREE

T

36 S

TREE

T

114 AVE SE

SETON BLVD.

84 S

TREE

T

CHAPARRAL

NEW BRIGHTON

AUBURN BAY

MAHOGANY

COPPERFIELD

CRANSTON

WALDENLEGACY

52 ST. W

12 AVENUE

16 02

01

14

20

11

12

05

24

15

19

18 09

23

2203

16 06

1007

17

0821

www.copperfieldpark.com403.723.0094

CONDOS FROM THE MID$100’s

25

Now

Selling!

Stylishly affordable.

(plus GST)

Located in the established southeast community of Cranston, Origins offers thoughtfully designed 1, 2 and 3 bedroom condos at a price that’s stylishly affordable.

Register online for exclusive updates at originscondos.ca

Presentation Centre Now Open· 111, 100 Cranfield Common SEHours ∙ Mon - Thurs: 1pm - 7pm ∙ Sat - Sun: 12pm - 5pm ∙ ph. 403-475-2181

*Based on purchase price of $180,500 (incl. GST) with 5% down plus CMHC premiums on a 4 year closed term at a 3.39% interest rate for 25 years. Purchase price and interest rate

subject to change without notice.$878 monthly*

OWNFROM ONLY


IN THE NEWS

Streetside launches highly anticipated final phase of

Origins at Cranston GROUND-BREAKING CEREMONY AND GRAND OPENING EVENT CELEBRATE

THE RELEASE OF THE FINAL PHASE OF APARTMENT CONDOMINIUMS!

On June 17, Streetside Developments held a ground-breaking ceremony to kick off the start of construction on the final building in

the Origins at Cranston project. Streetside acquired this remaining site last year from Unity Builders Group. Presently, the Origins at Cranston site consists of one lowrise apartment condominium complex and two phases of street-accessible townhomes.

In attendance at the ground breaking ceremony were Glynn Hendry, regional vice-president for Qualico Developments, Richard Daley, vice-president for Streetside Developments, and representatives from Brookfield Residential, FirstService Residential and Streetside Developments. The event took place on the construction site at the already existing Origins at Cranston multi-family project, located at 308 Cranfield Common SE.

The ground breaking kick off was followed by the grand opening sales event, celebrating the release of 68 one-, two-, and three-bedroom apartment condominiums for sale to the public. The Bento Burrito food truck was on site along with mortgage and realtor specialists, providing assistance to homebuyers for their financing and comparative market analysis needs.

The project will offer buyers homeownership at extremely affordable prices in the well-established and popular community of Cranston. Condos will be priced from the $170,000s to $340,000s (plus GST) with stylish interior appointments. Highlights include stainless steel appliances, full-height tile backsplash, luxury vinyl plank floors, designer lighting packages, Moen faucets and window coverings. The open-concept suites will range in size from 615 to 1,255 sq. ft including a generous exterior deck.

“This project will be extremely attractive to first-time homebuyers as they will have an opportunity to enter the market at very affordable prices with appealing and stylish standard features, and floor plans that are functional and generous in size. With interest rates still remaining at historically low rates, homeownership is still within reach for many buyers out there,” says Richard Daley, vice-president, Streetside Developments.

For more information, visit originscondos.ca

Now

Selling!

Stylishly affordable.

(plus GST)

Located in the established southeast community of Cranston, Origins offers thoughtfully designed 1, 2 and 3 bedroom condos at a price that’s stylishly affordable.

Register online for exclusive updates at originscondos.ca

Presentation Centre Now Open· 111, 100 Cranfield Common SEHours ∙ Mon - Thurs: 1pm - 7pm ∙ Sat - Sun: 12pm - 5pm ∙ ph. 403-475-2181

*Based on purchase price of $180,500 (incl. GST) with 5% down plus CMHC premiums on a 4 year closed term at a 3.39% interest rate for 25 years. Purchase price and interest rate

subject to change without notice.$878 monthly*

OWNFROM ONLY

IN THE NEWS

Streetside launches highly anticipated final phase of

Origins at Cranston GROUND-BREAKING CEREMONY AND GRAND OPENING EVENT CELEBRATE

THE RELEASE OF THE FINAL PHASE OF APARTMENT CONDOMINIUMS!

On June 17, Streetside Developments held a ground-breaking ceremony to kick off the start of construction on the final building in

the Origins at Cranston project. Streetside acquired this remaining site last year from Unity Builders Group. Presently, the Origins at Cranston site consists of one lowrise apartment condominium complex and two phases of street-accessible townhomes.

In attendance at the ground breaking ceremony were Glynn Hendry, regional vice-president for Qualico Developments, Richard Daley, vice-president for Streetside Developments, and representatives from Brookfield Residential, FirstService Residential and Streetside Developments. The event took place on the construction site at the already existing Origins at Cranston multi-family project, located at 308 Cranfield Common SE.

The ground breaking kick off was followed by the grand opening sales event, celebrating the release of 68 one-, two-, and three-bedroom apartment condominiums for sale to the public. The Bento Burrito food truck was on site along with mortgage and realtor specialists, providing assistance to homebuyers for their financing and comparative market analysis needs.

The project will offer buyers homeownership at extremely affordable prices in the well-established and popular community of Cranston. Condos will be priced from the $170,000s to $340,000s (plus GST) with stylish interior appointments. Highlights include stainless steel appliances, full-height tile backsplash, luxury vinyl plank floors, designer lighting packages, Moen faucets and window coverings. The open-concept suites will range in size from 615 to 1,255 sq. ft including a generous exterior deck.

“This project will be extremely attractive to first-time homebuyers as they will have an opportunity to enter the market at very affordable prices with appealing and stylish standard features, and floor plans that are functional and generous in size. With interest rates still remaining at historically low rates, homeownership is still within reach for many buyers out there,” says Richard Daley, vice-president, Streetside Developments.

For more information, visit originscondos.ca

SOUTHEAST

The ‘Baby-on-the-way’ Stage.If this is where you’re at in life, the Servus Life Stage Mortgage

can give you a little extra money to go towards car seats, clothes,

toys and the endless list of things a growing family needs.

See how you can own a home in any stage of life. Visit servus.ca/mortgages.

Personal | Mortgages | Investments | Loans | Insurance | Business Feel good about your money.

PROFIT SHARE1% LIFE STAGE REBATEMORTGAGE RATE

Ad # P55129_Mortgage_A 03 Jun 2015 0928 100% APPROVED BYFILE NAME FLAT TRIM DA COLOURS BIG AD/CDP55129_Mortgage_A.indd 7.5 x 10.5 in tp C M Y KCLIENT BLEED AD PIC INFO

Servus 8 x 11 in cl vectorWRITER PROD

DOCKET LIVE PR FONTS

KSE COR P55129 6.75 x 9.75 in bs EffraDESCRIPTION VERSION PAGE SEPS RUN OUTPUT

2015 Mortgage Magazine Print 3 of 6 PROOFREAD CLIENT

PUB NOTES

New Condo Guide Size A

DDB CANADA 1600 – 777 HORNBY STREET, VANCOUVER, BC, CANADA V6Z 2T3 T 604 687 7911 F 604 640 4344

36

37

The ‘Baby-on-the-way’ Stage.If this is where you’re at in life, the Servus Life Stage Mortgage

can give you a little extra money to go towards car seats, clothes,

toys and the endless list of things a growing family needs.

See how you can own a home in any stage of life. Visit servus.ca/mortgages.

Personal | Mortgages | Investments | Loans | Insurance | Business Feel good about your money.

PROFIT SHARE1% LIFE STAGE REBATEMORTGAGE RATE

Ad # P55129_Mortgage_A 03 Jun 2015 0928 100% APPROVED BYFILE NAME FLAT TRIM DA COLOURS BIG AD/CDP55129_Mortgage_A.indd 7.5 x 10.5 in tp C M Y KCLIENT BLEED AD PIC INFO

Servus 8 x 11 in cl vectorWRITER PROD

DOCKET LIVE PR FONTS

KSE COR P55129 6.75 x 9.75 in bs EffraDESCRIPTION VERSION PAGE SEPS RUN OUTPUT

2015 Mortgage Magazine Print 3 of 6 PROOFREAD CLIENT

PUB NOTES

New Condo Guide Size A

DDB CANADA 1600 – 777 HORNBY STREET, VANCOUVER, BC, CANADA V6Z 2T3 T 604 687 7911 F 604 640 4344

SOUTHEAST

DEER

FOO

T TR

CRANSTON AVE SE

C

RANSTON DR SE

CRANBROOKDRIVE SE

Cranston Market


IN THE NEWS

Calgary housing market moves into balanced territory

Calgarians are anticipating the return of a balanced market with home prices up and new

listings down, according to the latest figures from the Calgary Real Estate Board (CREB).

CREB reports home prices have improved month-over-month for the first time since December 2014, to an average of $454,100 in May – a monthly increase of 0.55 per cent, and up 0.96 per cent year-over-year. Meanwhile, homes coming on the market have dropped.

“For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity,” says CREB chief economist Ann-Marie Lurie. “This has helped prevent further declines in the unadjusted benchmark price.”

New listings in the city of Calgary totaled 3,161 units in May, a 27-per-cent decrease over last year. Meanwhile, total inventory levels for the month were 5,342 units, 16 per cent higher than last year, but eight per cent lower than May levels recorded over the past five years and three per cent lower than average levels over the past 10 years.

Two measures of balance are the months of supply and the sales-to- new-listings ratio. In May, the months of supply decreased to 2.43, while the sales to new listings ratio was 69 per cent, both within the norms for balanced conditions.

“Back in January, higher inventory levels relative to sales activity caused months of supply to rise above five months,” says CREB president Corinne Lyall. “While some challenges continue to exist for sellers, depending on the property type, price and location, the decline in the months of supply points toward more stability for both buyers and sellers.”

Year-to-date the detached sector recorded the largest decline in new listings at eight per cent. While overall inventory levels are 12 per cent higher than last year’s levels, they remain below the five- and 10-year averages for May.

Detached sales activity in May totaled 1,366 units, with the majority of transactions occurring below $500,000. While conditions are not as tight as last year’s market conditions, which favoured the seller, over the first five months of this year activity in this price range has remained relatively balanced.

“This segment of the detached market continues to have a good amount of consumer activity, as many have taken advantage of the improved selection compared to last year,” says Lyall. “While some have waited for steeper price declines, to this point it just hasn’t happened across all areas of the market. This is partly related to activity in the under $500,000 segment.”

Meanwhile, year-to-date apartment sales and new listings totaled 1,383 and 3,229 units respectively. The May apartment benchmark price of $294,800 increased by 1.20 per cent compared to last month, but remains 0.2 per cent below May 2014 figures.

The apartment sector continues to remain the only sector where prices have contracted relative to last year’s figures. “While the resale market has recorded an easing of upward inventory pressures, the new-home sector has started to record some gains in inventory,” says Lurie. “Current new- home inventories remain relatively low. However, the overall impact on Calgary’s housing prices will ultimately depend on the duration of the economic slowdown and the amount of inventory build-up in the new home sector.”

IN THE NEWS

DEER

FOO

T TR

CRANSTON AVE SE

C

RANSTON DR SE

CRANBROOKDRIVE SE

Cranston Market

39

IN THE NEWS

Calgary housing market moves into balanced territory

Calgarians are anticipating the return of a balanced market with home prices up and new

listings down, according to the latest figures from the Calgary Real Estate Board (CREB).

CREB reports home prices have improved month-over-month for the first time since December 2014, to an average of $454,100 in May – a monthly increase of 0.55 per cent, and up 0.96 per cent year-over-year. Meanwhile, homes coming on the market have dropped.

“For the third month in the row, new listings have eased compared to last year, helping push the market toward more balanced conditions, despite the current environment of slower sales activity,” says CREB chief economist Ann-Marie Lurie. “This has helped prevent further declines in the unadjusted benchmark price.”

New listings in the city of Calgary totaled 3,161 units in May, a 27-per-cent decrease over last year. Meanwhile, total inventory levels for the month were 5,342 units, 16 per cent higher than last year, but eight per cent lower than May levels recorded over the past five years and three per cent lower than average levels over the past 10 years.

Two measures of balance are the months of supply and the sales-to- new-listings ratio. In May, the months of supply decreased to 2.43, while the sales to new listings ratio was 69 per cent, both within the norms for balanced conditions.

“Back in January, higher inventory levels relative to sales activity caused months of supply to rise above five months,” says CREB president Corinne Lyall. “While some challenges continue to exist for sellers, depending on the property type, price and location, the decline in the months of supply points toward more stability for both buyers and sellers.”

Year-to-date the detached sector recorded the largest decline in new listings at eight per cent. While overall inventory levels are 12 per cent higher than last year’s levels, they remain below the five- and 10-year averages for May.

Detached sales activity in May totaled 1,366 units, with the majority of transactions occurring below $500,000. While conditions are not as tight as last year’s market conditions, which favoured the seller, over the first five months of this year activity in this price range has remained relatively balanced.

“This segment of the detached market continues to have a good amount of consumer activity, as many have taken advantage of the improved selection compared to last year,” says Lyall. “While some have waited for steeper price declines, to this point it just hasn’t happened across all areas of the market. This is partly related to activity in the under $500,000 segment.”

Meanwhile, year-to-date apartment sales and new listings totaled 1,383 and 3,229 units respectively. The May apartment benchmark price of $294,800 increased by 1.20 per cent compared to last month, but remains 0.2 per cent below May 2014 figures.

The apartment sector continues to remain the only sector where prices have contracted relative to last year’s figures. “While the resale market has recorded an easing of upward inventory pressures, the new-home sector has started to record some gains in inventory,” says Lurie. “Current new- home inventories remain relatively low. However, the overall impact on Calgary’s housing prices will ultimately depend on the duration of the economic slowdown and the amount of inventory build-up in the new home sector.”

IN THE NEWSSOUTHEAST

2A7

ZEN Okotoks CG 20150612.indd 1 11/6/15 11:36:52

AIRDRIE

STRATHMORE

COCHRANE

LANGDON

22X

22X

22

22

2

2

2A543

22X

1

1

1A

LETHBRIDGE

HIGH RIVER

BLACKDIAMOND

TURNERVALLEY

OKOTOKS

CHESTERMERECALGARY

546

797

09 11

20 SUNSET BY JAYMAN INNOVATIONS 24 Sunset Rd. Cochrane, Alberta

21 THE WHITNEY BY LANDMARK HOMES 211 & 215 Fireside Parkway Cochrane, AB

AIRDRIE09 CREEKSIDE VILLAGE

BY CARLISLE GROUP 8th & MacKenzie Way Airdrie, Alberta

10 STONEKEEP AT KING’S HEIGHTS TOWNHOMES BY MERGE DEVELOPMENTS 1225 King’s Heights Way SE Airdrie, Alberta

11 THE EDGE BY STREETSIDE DEVELOPMENTS 604 East Lake Blvd N.E. Airdrie, Alberta

12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST 2802 Kings Heights Gate

13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com

14 HEARTLAND TOWNHOMES BY EXCEL HOMES 101 Hillcrest Dr. SW Airdrie

15 ZEN RAVENSWOOD BY AVALON MASTERBUILDER Coming Soon Register: www.zenravenswood.com

17 ZEN OKOTOKS BY AVALON MASTERBUILDER www.zeninbalance.com

03 THE RISE BY JAYMAN MODUS 501 Riverheights Dr. Cochrane, AB

04 SUNSET RIDGE STREET TOWNS BY HOMES BY AVI 36 Sun Valley Road Cochrane, Alberta

05 STONE CREEK LANDING BY CARLISLE GROUP 103 - 5th Avenue, West, Cochrane, Alberta

COCHRANE01 TOWNHOMES AT

JUMPING POUND RIDGE BY SLOKKER CANADA WEST Sales Centre on George Fox Trail just past Jumping Pound Terrace www.slokker-west.ca

02 HEARTLAND TOWNHOMES BY EXCEL HOMES 1178 Clydesdale Way, Cochrane, Alberta

06

CALGARY’S SATELLITE COMMUNITIES

050703

02

08 21

13 1014 1215

06 THE VILLAGE BY CALBRIDGE HOMES 3102-15 Sunset Square Cochrane, Alberta

07 RIVERREACH VILLAS & MANORS BY JAYMAN MASTERBUILT 13 Riviera Way Cochrane, Alberta

08 THE RANGE BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta

01

17

0420

2A7

ZEN Okotoks CG 20150612.indd 1 11/6/15 11:36:52

AIRDRIE

STRATHMORE

COCHRANE

LANGDON

22X

22X

22

22

2

2

2A543

22X

1

1

1A

LETHBRIDGE

HIGH RIVER

BLACKDIAMOND

TURNERVALLEY

OKOTOKS

CHESTERMERECALGARY

546

797

09 11

20 SUNSET BY JAYMAN INNOVATIONS 24 Sunset Rd. Cochrane, Alberta

21 THE WHITNEY BY LANDMARK HOMES 211 & 215 Fireside Parkway Cochrane, AB

AIRDRIE09 CREEKSIDE VILLAGE

BY CARLISLE GROUP 8th & MacKenzie Way Airdrie, Alberta

10 STONEKEEP AT KING’S HEIGHTS TOWNHOMES BY MERGE DEVELOPMENTS 1225 King’s Heights Way SE Airdrie, Alberta

11 THE EDGE BY STREETSIDE DEVELOPMENTS 604 East Lake Blvd N.E. Airdrie, Alberta

12 RAVENSWOOD TOWNHOMES BY SLOKKER CANADA WEST 2802 Kings Heights Gate

13 BROOKSIDE AT BAYSPRINGS BY MERGE DEVELOPMENTS Yankee Valley Blvd. and 24th St. SW BrooksideAtBaysprings.com

14 HEARTLAND TOWNHOMES BY EXCEL HOMES 101 Hillcrest Dr. SW Airdrie

15 ZEN RAVENSWOOD BY AVALON MASTERBUILDER Coming Soon Register: www.zenravenswood.com

17 ZEN OKOTOKS BY AVALON MASTERBUILDER www.zeninbalance.com

03 THE RISE BY JAYMAN MODUS 501 Riverheights Dr. Cochrane, AB

04 SUNSET RIDGE STREET TOWNS BY HOMES BY AVI 36 Sun Valley Road Cochrane, Alberta

05 STONE CREEK LANDING BY CARLISLE GROUP 103 - 5th Avenue, West, Cochrane, Alberta

COCHRANE01 TOWNHOMES AT

JUMPING POUND RIDGE BY SLOKKER CANADA WEST Sales Centre on George Fox Trail just past Jumping Pound Terrace www.slokker-west.ca

02 HEARTLAND TOWNHOMES BY EXCEL HOMES 1178 Clydesdale Way, Cochrane, Alberta

06

CALGARY’S SATELLITE COMMUNITIES

050703

02

08 21

13 1014 1215

06 THE VILLAGE BY CALBRIDGE HOMES 3102-15 Sunset Square Cochrane, Alberta

07 RIVERREACH VILLAS & MANORS BY JAYMAN MASTERBUILT 13 Riviera Way Cochrane, Alberta

08 THE RANGE BY BIRCHWOOD PROPERTIES CORP. 101 Heartland Avenue Cochrane, Alberta

01

17

0420


ZenRavens CG20150612.indd 1 11/6/15 10:41:40


STYLE FILE

3 mistakes people make when choosing paint colour

Does the thought of choosing a paint colour turn you yellow with fear? “When it comes to paint colour, many people are so afraid of change that they end up sticking with the same colours for years,” says Martin

Tustin-Fuchs, brand manager, Dulux Paints. “Yet, all they often need is a bit of guidance to get out of their colour rut and adopt a more current look for their living spaces.” Here are three common mistakes people make when choosing paint colour and how to avoid them:

1. Choosing a paint colour out of context. Taping a small paint swatch to a wall won’t help you choose the right colour for your room. Instead, examine paint chips against furniture, rugs and countertops, making sure to test the colours in direct, indirect and artificial light at all times of day.

2. Playing it safe with neutrals. Neutral paint colours are a popular choice, yet there are times when a more saturated colour may bring out the best in a room. Introduce colour to your walls with “new neutrals” – whites, beiges or greys that are infused with a small amount of colour such as lilac, sage or blue. Take a neutral room up a notch by painting an accent wall a deeper shade of the wall colour or a more vibrant, coordinating colour.

3. Failing to consider a room’s function. Will you be playing, sleeping, eating or relaxing in the space to be painted? Make sure you choose your colour accordingly. Yellow, red, orange, soft grey, violet, blue and green are known to be more conducive to appetite-building, entertaining and conversation, making them good choices for the kitchen and any main-floor living space. Bright red will energize and stimulate kids in a playroom, while cooler blues have a calming, serene effect ideal for a bedroom. Golden yellows and warm apricots tend to flatter any skin tone in a bathroom.

For more tips, visit dulux.ca

Two and three bedroom townhomes with attached garages and a central landscaped park, all in a great Airdrie neighbourhood.

Visit us at 1225 King’s Heights Way SE. From the QE2, take Yankee Valley Blvd. East & follow the King’s Heights signs.

$220’sNOW OPEN

587-360-2510 | STONEKEEP.CA

Choose the perfect style for you.

With an array of home styles and plans, StoneKeep gives

you real options.

TOWNHOMES STARTING IN THE

Streetside Series Backyard Blocks Courtyard Collection

Charming front porches Spacious single level livingQuiet backyard retreat

ZenRavens CG20150612.indd 1 11/6/15 10:41:40

43

STYLE FILE

3 mistakes people make when choosing paint colour

Does the thought of choosing a paint colour turn you yellow with fear? “When it comes to paint colour, many people are so afraid of change that they end up sticking with the same colours for years,” says Martin

Tustin-Fuchs, brand manager, Dulux Paints. “Yet, all they often need is a bit of guidance to get out of their colour rut and adopt a more current look for their living spaces.” Here are three common mistakes people make when choosing paint colour and how to avoid them:

1. Choosing a paint colour out of context. Taping a small paint swatch to a wall won’t help you choose the right colour for your room. Instead, examine paint chips against furniture, rugs and countertops, making sure to test the colours in direct, indirect and artificial light at all times of day.

2. Playing it safe with neutrals. Neutral paint colours are a popular choice, yet there are times when a more saturated colour may bring out the best in a room. Introduce colour to your walls with “new neutrals” – whites, beiges or greys that are infused with a small amount of colour such as lilac, sage or blue. Take a neutral room up a notch by painting an accent wall a deeper shade of the wall colour or a more vibrant, coordinating colour.

3. Failing to consider a room’s function. Will you be playing, sleeping, eating or relaxing in the space to be painted? Make sure you choose your colour accordingly. Yellow, red, orange, soft grey, violet, blue and green are known to be more conducive to appetite-building, entertaining and conversation, making them good choices for the kitchen and any main-floor living space. Bright red will energize and stimulate kids in a playroom, while cooler blues have a calming, serene effect ideal for a bedroom. Golden yellows and warm apricots tend to flatter any skin tone in a bathroom.

For more tips, visit dulux.ca

Two and three bedroom townhomes with attached garages and a central landscaped park, all in a great Airdrie neighbourhood.

Visit us at 1225 King’s Heights Way SE. From the QE2, take Yankee Valley Blvd. East & follow the King’s Heights signs.

$220’sNOW OPEN

587-360-2510 | STONEKEEP.CA

Choose the perfect style for you.

With an array of home styles and plans, StoneKeep gives

you real options.

TOWNHOMES STARTING IN THE

Streetside Series Backyard Blocks Courtyard Collection

Charming front porches Spacious single level livingQuiet backyard retreat

GET 2.15%

JAYMAN FINANCIAL

AND

*Optional basement development not included. †Some conditions apply. 3 year fixed rate, 45 day rate hold and based on 25 year amorti-zation. Rates are subject to change without notice. Clients may have to qualify at a higher rate. O.A.C., E. & O. E. Effective March 31, 2015.

nothing in cochrane compares to our price

not available in calgary at any price

41 units left visit today!9

two showhomes10 & 12 RIvIERA WAY, CoChRANE, AB

Jayman.com/RiverReach

[email protected]

2015-06-06-RiverReach Condo Guide Ad.indd 1 6/19/2015 12:33:09 PM


By Don R. Campbell

6 things homebuyers and sellers in Calgary should

pay attention to

HOMEBUYERS’ HELP

Calgary real estate has had more than its share of detractors lately. Some are hoping for a dramatic fall, others hope it just survives.

The truth, however, lies in six factors that provide a much clearer picture on the health of the market. When looking at past oil cycles versus real estate markets, the Calgary real estate market was performing exactly as expected at the end of May – nine to 12 months after the price of oil price dropped from its peak.

Given the recent release of numbers for the Calgary real estate market, here are six significant points that observers, buyers and sellers should pay attention to:

1. Price stubbornness Average sale prices (year-over-year) are still flat. This is to be expected. Why? Because those who listed in a panic when oil began to drop (especially in December and January), have been refusing to lower their expected prices. They weren’t willing to budge even when a willing buyer came along. In fact, they even held their prices as competition heated up and the number of active listings skyrocketed. This stubbornness has so far helped to protect the downside of average sale prices.

2. Buyer patience The number of sales is down significantly from the year before, as buyers have sat back waiting for two key occurrences. The first is for sellers to get a little more desperate, and therefore dramatically lower their expected sale prices. This desperation has yet to occur, except in a small segment of the market, especially luxury. The second occurrence buyers are looking for is stability in the oil and gas industry; to date this hasn’t occurred. Buyers have traditionally been more patient than sellers, and so the waiting game continues, and sales should continue to be lower than last year even in the traditionally busy summer season.

3. Low vacancy rates Another component that is protecting the downside of the Calgary real estate market, and one most are ignoring, is the impact of Calgary’s low vacancy rates and high rents on the resale market. Sellers, no matter how desperate, still need an affordable and available place to move their family to. The majority of sellers are not leaving the Calgary region – they just want to reduce their exposure to the housing market. What’s holding some back from selling quickly is that appropriate rentals are not available. The housing market is not like the stock market where you get in and out. The housing market is just that – housing – so the move post-sell comes into play for sellers.

GET 2.15%

JAYMAN FINANCIAL

AND

*Optional basement development not included. †Some conditions apply. 3 year fixed rate, 45 day rate hold and based on 25 year amorti-zation. Rates are subject to change without notice. Clients may have to qualify at a higher rate. O.A.C., E. & O. E. Effective March 31, 2015.

nothing in cochrane compares to our price

not available in calgary at any price

41 units left visit today!9

two showhomes10 & 12 RIvIERA WAY, CoChRANE, AB

Jayman.com/RiverReach

[email protected]

2015-06-06-RiverReach Condo Guide Ad.indd 1 6/19/2015 12:33:09 PM

45

By Don R. Campbell

6 things homebuyers and sellers in Calgary should

pay attention to

HOMEBUYERS’ HELP

Calgary real estate has had more than its share of detractors lately. Some are hoping for a dramatic fall, others hope it just survives.

The truth, however, lies in six factors that provide a much clearer picture on the health of the market. When looking at past oil cycles versus real estate markets, the Calgary real estate market was performing exactly as expected at the end of May – nine to 12 months after the price of oil price dropped from its peak.

Given the recent release of numbers for the Calgary real estate market, here are six significant points that observers, buyers and sellers should pay attention to:

1. Price stubbornness Average sale prices (year-over-year) are still flat. This is to be expected. Why? Because those who listed in a panic when oil began to drop (especially in December and January), have been refusing to lower their expected prices. They weren’t willing to budge even when a willing buyer came along. In fact, they even held their prices as competition heated up and the number of active listings skyrocketed. This stubbornness has so far helped to protect the downside of average sale prices.

2. Buyer patience The number of sales is down significantly from the year before, as buyers have sat back waiting for two key occurrences. The first is for sellers to get a little more desperate, and therefore dramatically lower their expected sale prices. This desperation has yet to occur, except in a small segment of the market, especially luxury. The second occurrence buyers are looking for is stability in the oil and gas industry; to date this hasn’t occurred. Buyers have traditionally been more patient than sellers, and so the waiting game continues, and sales should continue to be lower than last year even in the traditionally busy summer season.

3. Low vacancy rates Another component that is protecting the downside of the Calgary real estate market, and one most are ignoring, is the impact of Calgary’s low vacancy rates and high rents on the resale market. Sellers, no matter how desperate, still need an affordable and available place to move their family to. The majority of sellers are not leaving the Calgary region – they just want to reduce their exposure to the housing market. What’s holding some back from selling quickly is that appropriate rentals are not available. The housing market is not like the stock market where you get in and out. The housing market is just that – housing – so the move post-sell comes into play for sellers.


NOSEHILLPARK


16 AVENUE CENT

RE S

TREE

T

EDM

ONT

ON

TRAI

L

14 S

TREE

T

85 S

TREE

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GLENMORE TRAIL

69 S

TREE

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BARL

OW

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IL36

STR

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ME MOR IAL DR IV E

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ANDERSON ROAD

SOUTHLAND DRIVE

BOW BOTTOM

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MacLEOD TRAIL


JAMES M

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BLAC

KFO

OT

TRAI

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SHAWNESSYBLVD.

GLENMORERESERVOIR

CROWCHILD TRAIL

BEDDINGTON TRAIL NW

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

STONEY TRAIL

COUNTRY HILLS BLVD.

DEER

FOOT T

RAIL

HARV

EST H

ILLS

BLVD

NE

DEERFOOT TRAIL

64 Ave

37 S

TREE

T

SARC

EE T

RAIL

17 Ave

32 Ave

16 AVENUE

FISH CREEK PARK


AIRPORT

14 STREET

STONEY TRAIL NW

85 ST. NW

ROCKY RIDG

E BLVD.

SYMO

NS VALEY RD.

PANORAM

A ROAD

STONEY TRAIL NW

144 AVE NW.

SYM

ONS

VAL

LEY

PKW

Y

CENT

RE S

TREE

T

14TH

ST

NW

SYMONS VALLEY RD.COUNTRY HILLS BLVD.

NOSE

HILL

DR.

07 THE TIMBERS BY GABLECRAFT HOMES Sherwood Blvd at Sherwood Way NW Register Now www.thetimbers.gablecrafthomes.ca

08 CARNABY HEIGHTS BY JAYMAN MODUS Register: jayman.com/carnaby

09 NOLAN PARK BY CARDEL LIFESTYLES Register: cardelcondos.com

10 SAGE PLACE BY CARDEL LIFESTYLES Now Open Show suite 175 Panatella Hill NW

11 EZRA ON RILEY PARK BY BIRCHWOOD PROPERTIES Register today: Ezraonrileypark.com

12 EMERALD SKY BY CARLISLE GROUP 355 Kincora Glen Rd. NW www.emeraldsky.ca

14 UNIVERSITY CITY BY KNIGHTBRIDGE

15 THE GROVES OF VARSITY BY STATESMAN HOMES 5353 Crowchild Trail NW

18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES 881 Sage Valley Boulevard www.sonomasagehill.com


22 AVIRA BY JAYMAN MODUS Sales Centre located on Evanspark Blvd. NW

NORTHWEST COMMUNITIES

01

15

14

0219

21

11

181009

0612

08

0305

01 PANORAMA WEST BY CARDEL LIFESTYLES 175 Panatella Hill NW

02 KENSINGTON BY BUCCI 2nd Ave and 10th St. NW

03 VIRIDIAN BY TRICO HOMES 3503 Sage Hill Drive NW

04 WILLOW AT SHERWOOD BY AVI URBAN Visit Sales Centre at 64 Nolan Hill Gate

05 ARRIVE AT EVANSTON BY PARTNERS DEVELOPMENT GROUP Symons Valley Parkway please call 587-755-1166

06 TRINITY BY JAYMAN MODUS 44 Nolan Hill Blvd. NW

22

04

07

4. New listings drop We are witnessing the reality of the three previously mentioned components. New listings have dropped significantly, an indication that the panicked sellers listed early (December to February), and the rest of the market is just sitting back and looking for clarity. This, combined with buyers sitting on the sidelines, are reflected in the May and April numbers of “current listings,” which are significantly higher than historic levels because they reflect two key facts: panic listers are continuing their price stubbornness; and there’s a lack of rental accommodations.

5. Listings to begin to expire and reappearWe can expect those December and January panic listings to begin to expire (as many are six-month listing contracts) in June and July. This will lead to what later in the year will seem like a large increase in “new listings,” as many of these properties are re-priced and re-listed. The re-listing moment is also the trigger for lower average sale prices. So, watch for the reappearance of these properties as an indicator of future lower average sale prices for the Calgary real estate market as a whole.

6. Provincial election resultsWe are also witnessing the reluctance buyers entering the market after the NDP election victory. A whole new government sets a whole new tone – eventually. The election campaign and the result have thrown a wrench into the system, and the “number of sales” shows it. This is also to be expected because, on top of sellers not willing to make significant price concessions, the election campaign added more confusion to the market. As is true in all market conditions, a confused mind prefers to say “no.” The next six months will continue to be filled with political confusion as the new government sets policy, especially in important industries. This confusion will not boost buyer confidence, thus further delaying their entry into the market.

WHAT TO WATCH FOR» Oil price instability When will oil prices find their foundation, and at what level? Price and time are the important economic issues that underpin the strong in-migration to Alberta, which supports a strong and vital Calgary real estate market. Right now, confusion exists.

» The first six months of NDP government Everyone is looking for clarity on what policies and announcements the new government will make in its first six months. The more clear the government gets, the less influence rumour-mongers will have on the confidence of Albertans. When confidence increases, potential buyers can decide when to enter the Calgary real estate market and therefore prop up the demand side.

Don R. Campbell is a real estate investor, researcher, best-selling

author and educator. He is a Founding Partner and Senior

Analyst of the Real Estate Investment Network, and owner

of Cutting Edge Research Inc. Email Don at donrcampbell.com

When will oil prices find their foundation, and at what level? Price and time are the important economic issues that underpin the strong in-migration to Alberta, which supports a strong and vital Calgary real estate market. Right now, confusion exists.

Post-election confidence is low, and therefore buyers continue to sit and wait.

» Potential strategic investor opportunity in Wards 7, 8, 9 and 11 There is potential opportunity for strategic investors in the Calgary real estate market. The proposed secondary suite bylaws for Wards 7, 8, 9 and 11 could be a catalyst to boost sales. Properties in these zones that fit the criteria for addition of secondary suites will resurge in demand, as rental income allows buyers to afford homes in these wards. It will also assist to relieve pressure on the vacancy rate in the city, which will have a ripple effect on resale housing.


NOSEHILLPARK


16 AVENUE CENT

RE S

TREE

T

EDM

ONT

ON

TRAI

L

14 S

TREE

T

85 S

TREE

T

GLENMORE TRAIL

69 S

TREE

T

BARL

OW

TRA

IL36

STR

EET

ME MOR IAL DR IV E

M

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OD

TRAI

L

ANDERSON ROAD

SOUTHLAND DRIVE

BOW BOTTOM

TRAIL

MacLEOD TRAIL


JAMES M

cKEVITT

ELBO

W D

RIVE

BLAC

KFO

OT

TRAI

L

SHAWNESSYBLVD.

GLENMORERESERVOIR

CROWCHILD TRAIL

BEDDINGTON TRAIL NW

JOHN LAURIE BLVD.

SHAG

ANNA

PI TR

AIL

STONEY TRAIL

COUNTRY HILLS BLVD.

DEER

FOOT T

RAIL

HARV

EST H

ILLS

BLVD

NE

DEERFOOT TRAIL

64 Ave

37 S

TREE

T

SARC

EE T

RAIL

17 Ave

32 Ave

16 AVENUE

FISH CREEK PARK


AIRPORT

14 STREET

STONEY TRAIL NW

85 ST. NW

ROCKY RIDG

E BLVD.

SYMO

NS VALEY RD.

PANORAM

A ROAD

STONEY TRAIL NW

144 AVE NW.

SYM

ONS

VAL

LEY

PKW

Y

CENT

RE S

TREE

T

14TH

ST

NW

SYMONS VALLEY RD.COUNTRY HILLS BLVD.

NOSE

HILL

DR.

07 THE TIMBERS BY GABLECRAFT HOMES Sherwood Blvd at Sherwood Way NW Register Now www.thetimbers.gablecrafthomes.ca

08 CARNABY HEIGHTS BY JAYMAN MODUS Register: jayman.com/carnaby

09 NOLAN PARK BY CARDEL LIFESTYLES Register: cardelcondos.com

10 SAGE PLACE BY CARDEL LIFESTYLES Now Open Show suite 175 Panatella Hill NW

11 EZRA ON RILEY PARK BY BIRCHWOOD PROPERTIES Register today: Ezraonrileypark.com

12 EMERALD SKY BY CARLISLE GROUP 355 Kincora Glen Rd. NW www.emeraldsky.ca

14 UNIVERSITY CITY BY KNIGHTBRIDGE

15 THE GROVES OF VARSITY BY STATESMAN HOMES 5353 Crowchild Trail NW

18 SONOMA AT SAGE HILL BY VERTICAL PROPERTIES 881 Sage Valley Boulevard www.sonomasagehill.com


22 AVIRA BY JAYMAN MODUS Sales Centre located on Evanspark Blvd. NW

NORTHWEST COMMUNITIES

01

15

14

0219

21

11

181009

0612

08

0305

01 PANORAMA WEST BY CARDEL LIFESTYLES 175 Panatella Hill NW

02 KENSINGTON BY BUCCI 2nd Ave and 10th St. NW

03 VIRIDIAN BY TRICO HOMES 3503 Sage Hill Drive NW

04 WILLOW AT SHERWOOD BY AVI URBAN Visit Sales Centre at 64 Nolan Hill Gate

05 ARRIVE AT EVANSTON BY PARTNERS DEVELOPMENT GROUP Symons Valley Parkway please call 587-755-1166

06 TRINITY BY JAYMAN MODUS 44 Nolan Hill Blvd. NW

22

04

07

4. New listings drop We are witnessing the reality of the three previously mentioned components. New listings have dropped significantly, an indication that the panicked sellers listed early (December to February), and the rest of the market is just sitting back and looking for clarity. This, combined with buyers sitting on the sidelines, are reflected in the May and April numbers of “current listings,” which are significantly higher than historic levels because they reflect two key facts: panic listers are continuing their price stubbornness; and there’s a lack of rental accommodations.

5. Listings to begin to expire and reappearWe can expect those December and January panic listings to begin to expire (as many are six-month listing contracts) in June and July. This will lead to what later in the year will seem like a large increase in “new listings,” as many of these properties are re-priced and re-listed. The re-listing moment is also the trigger for lower average sale prices. So, watch for the reappearance of these properties as an indicator of future lower average sale prices for the Calgary real estate market as a whole.

6. Provincial election resultsWe are also witnessing the reluctance buyers entering the market after the NDP election victory. A whole new government sets a whole new tone – eventually. The election campaign and the result have thrown a wrench into the system, and the “number of sales” shows it. This is also to be expected because, on top of sellers not willing to make significant price concessions, the election campaign added more confusion to the market. As is true in all market conditions, a confused mind prefers to say “no.” The next six months will continue to be filled with political confusion as the new government sets policy, especially in important industries. This confusion will not boost buyer confidence, thus further delaying their entry into the market.

WHAT TO WATCH FOR» Oil price instability When will oil prices find their foundation, and at what level? Price and time are the important economic issues that underpin the strong in-migration to Alberta, which supports a strong and vital Calgary real estate market. Right now, confusion exists.

» The first six months of NDP government Everyone is looking for clarity on what policies and announcements the new government will make in its first six months. The more clear the government gets, the less influence rumour-mongers will have on the confidence of Albertans. When confidence increases, potential buyers can decide when to enter the Calgary real estate market and therefore prop up the demand side.

Don R. Campbell is a real estate investor, researcher, best-selling

author and educator. He is a Founding Partner and Senior

Analyst of the Real Estate Investment Network, and owner

of Cutting Edge Research Inc. Email Don at donrcampbell.com

When will oil prices find their foundation, and at what level? Price and time are the important economic issues that underpin the strong in-migration to Alberta, which supports a strong and vital Calgary real estate market. Right now, confusion exists.

Post-election confidence is low, and therefore buyers continue to sit and wait.

» Potential strategic investor opportunity in Wards 7, 8, 9 and 11 There is potential opportunity for strategic investors in the Calgary real estate market. The proposed secondary suite bylaws for Wards 7, 8, 9 and 11 could be a catalyst to boost sales. Properties in these zones that fit the criteria for addition of secondary suites will resurge in demand, as rental income allows buyers to afford homes in these wards. It will also assist to relieve pressure on the vacancy rate in the city, which will have a ripple effect on resale housing.


IN THE NEWS

By Heather Ryan

CARDEL LIFESTYLES AWARDED FOR ITS CUSTOMER SERVICE

Since its inception Cardel Lifestyles’ goal has been to build quality condos and townhomes

that offer liveable designs, great features and exceptional locations, but more importantly the multi-family builder made customer service and satisfaction a priority.

This dedication to customer service was recognized recently as Cardel Lifestyles’ Panorama West development received The New Homebuyers Choice Award in the category of 50-149 Possessions, Multi-Family, and another of its projects, Cranston Place, finished second in the category.

However, what’s even more outstanding is that as the 2015 Winner, Cardel Lifestyles had the highest Overall Experience score of any builder in Alberta.

“Winning this award really means a lot to everyone at our company because it was a team effort that required a tremendous amount of work and dedication,” says Brayden Logel, business development manager and customer service manager. “My dad (Cardel Lifestyles’ president Tim Logel) has always told me that in the life of a builder, exceeding your customers’ expectations is everything.”

The New Homebuyers Choice Awards are held in conjunction with CustomerInsight and the Professional Home Builders Institute, and were presented at this year’s SAM Awards gala on April 18. These awards are based entirely on customer reviews collected by CustomerInsight, an independent customer research

organization. Reviews are collected for all 615 builders registered under the Alberta New Home Warranty Program.

“This award program is relatively new and we’ve really used it as a way to improve our customer service,” says Brad Logel, sales and marketing manager. “When someone buys a condo and takes possession, the Alberta New Home Warranty sends their information to CustomerInsight, which in turn surveys the homeowner about everything from working with our sales team and picking selections to taking possession, and how we handle any defi ciencies.

“At any time, a builder can review the surveys to see what their customers are saying, and for us we looked at where we can improve and made that our main focus. We’re constantly striving to improve because we want our customers to be happy.”

Last year, Brayden says, Cardel Lifestyles set a lofty goal to achieve a customer satisfaction rating of 90 per cent or higher. “We were able to achieve that goal by following a detailed customer service plan that was focused around a key part of our company’s mission statement, ‘to treat our customers as we would wish to be treated.’

“The benchmarks produced through the survey also gave us some really powerful insights into what we needed to improve upon in terms of both our product and process. So I guess to sum it all up, this achievement was a combination of really listening to what our customers were looking for in their experience and making the end goal of 90 per cent or higher a central focus of our organization.”

Brayden adds that in today’s market place, “the customer has far more power than they did 10 years as they now have ability to quickly share their experience (often through social media) with hundreds if not thousands of people.

“Focusing on your customers’ experience means more today than it ever has in the past, I just wish that this award and others like it played a greater role at the annual SAMs Award gala. We feel that winning the New Home Buyers Choice Award is the best award of all, because it is an award that is voted on by your customers.”

The construction of condominium buildings that include common areas can be a challenging scope of work in comparison to other building forms like singles, semis and townhomes, he notes. Cardel Lifestyles’ award for its Panorama West condo development “is a testament to our company’s expertise, across the board and we want to send a huge ‘thank you’ to our customers for making us #1.”

“We were able to achieve that goal by following a detailed customer service plan that was focused around a key part of our company’s mission statement, ‘to treat our customers as we would wish to be treated.”


IN THE NEWS

By Heather Ryan

CARDEL LIFESTYLES AWARDED FOR ITS CUSTOMER SERVICE

Since its inception Cardel Lifestyles’ goal has been to build quality condos and townhomes

that offer liveable designs, great features and exceptional locations, but more importantly the multi-family builder made customer service and satisfaction a priority.

This dedication to customer service was recognized recently as Cardel Lifestyles’ Panorama West development received The New Homebuyers Choice Award in the category of 50-149 Possessions, Multi-Family, and another of its projects, Cranston Place, finished second in the category.

However, what’s even more outstanding is that as the 2015 Winner, Cardel Lifestyles had the highest Overall Experience score of any builder in Alberta.

“Winning this award really means a lot to everyone at our company because it was a team effort that required a tremendous amount of work and dedication,” says Brayden Logel, business development manager and customer service manager. “My dad (Cardel Lifestyles’ president Tim Logel) has always told me that in the life of a builder, exceeding your customers’ expectations is everything.”

The New Homebuyers Choice Awards are held in conjunction with CustomerInsight and the Professional Home Builders Institute, and were presented at this year’s SAM Awards gala on April 18. These awards are based entirely on customer reviews collected by CustomerInsight, an independent customer research

organization. Reviews are collected for all 615 builders registered under the Alberta New Home Warranty Program.

“This award program is relatively new and we’ve really used it as a way to improve our customer service,” says Brad Logel, sales and marketing manager. “When someone buys a condo and takes possession, the Alberta New Home Warranty sends their information to CustomerInsight, which in turn surveys the homeowner about everything from working with our sales team and picking selections to taking possession, and how we handle any defi ciencies.

“At any time, a builder can review the surveys to see what their customers are saying, and for us we looked at where we can improve and made that our main focus. We’re constantly striving to improve because we want our customers to be happy.”

Last year, Brayden says, Cardel Lifestyles set a lofty goal to achieve a customer satisfaction rating of 90 per cent or higher. “We were able to achieve that goal by following a detailed customer service plan that was focused around a key part of our company’s mission statement, ‘to treat our customers as we would wish to be treated.’

“The benchmarks produced through the survey also gave us some really powerful insights into what we needed to improve upon in terms of both our product and process. So I guess to sum it all up, this achievement was a combination of really listening to what our customers were looking for in their experience and making the end goal of 90 per cent or higher a central focus of our organization.”

Brayden adds that in today’s market place, “the customer has far more power than they did 10 years as they now have ability to quickly share their experience (often through social media) with hundreds if not thousands of people.

“Focusing on your customers’ experience means more today than it ever has in the past, I just wish that this award and others like it played a greater role at the annual SAMs Award gala. We feel that winning the New Home Buyers Choice Award is the best award of all, because it is an award that is voted on by your customers.”

The construction of condominium buildings that include common areas can be a challenging scope of work in comparison to other building forms like singles, semis and townhomes, he notes. Cardel Lifestyles’ award for its Panorama West condo development “is a testament to our company’s expertise, across the board and we want to send a huge ‘thank you’ to our customers for making us #1.”

“We were able to achieve that goal by following a detailed customer service plan that was focused around a key part of our company’s mission statement, ‘to treat our customers as we would wish to be treated.”

BEST VALUE INEVANSTON $330,SNET GST

STARTING IN THE FINAL PHASE JUST RELEASED FROM$314,900NET GST

ATEVANSTON

ATREDSTONE

EVANSTON DR

SYMONS VALLEY

PKW

Y

144 AVE

14 S

T N

W

SYMONS VALLEY ROAD NWBEDDINGTON TRAIL

STONEY TRAIL NW

TRA

IL

MET

IS T

RA

IL

DEER

FOOT

REDSTONEWAY R

EDST

ON

E ST

128 AVE

COUNTRY HILLS BLVD

LOCATED ON SITE

EXCLUSIVE

GREENSPACE AND

PLAYGROUND

ARRIVE HAPPYTAKE PRIDE IN OWNING AN ARRIVE TOWNHOME BECAUSE IT’S BUILT ENVIRONMENTALLY

RESPONSIBLE – AND LOVE IT BECAUSE IT IS CERTIFIED BUILTGREEN™ TO SAVE YOU MONEY.

OUR TOWNHOMES FEATURE SPACIOUS FLOOR PLANS WITH 2 TO 4 BEDROOMS, 2.5 BATHS,

AND AN ESSENTIAL HEATED ATTACHED GARAGE, WITH A FULL DEPTH DRIVEWAY.

A R R I V E H O M E

VISIT OUR SALES CENTRE TODAYOne block West of 14th ST. N.W.

on Symons Valley Parkway

CALL 587-755-1166FOR PURCHASE INCENTIVES

VISIT OUR FOUR SHOWHOMES TODAY104 Redstone View N.E.

off Redstone Way

CALL 403-264-8963ONLY A FEW WALKOUT TOWNHOMES LEFT

ARRIVEHOME.CAARRIVE AT EVANSTONLOCATION

EVANSTON SALES CENTRE AND REDSTONE SHOWHOMES OPEN:MONDAY TO THURSDAY 2PM TO 8PM SATURDAY AND SUNDAY 12PM TO 5PM

BUILT BY:


DATE:12 June 2015

Produced by

1005 - 11 Ave SWCalgary, AB T2R 0G1Phone: 403.287.9300

Fax: 403.287.9915

F I L E N A M E S A R E F O R I N T E R N A L U S E O N L Y

T H I S F I L E I S P R I N T E D I N 4 C O L O R

File Name VIR-13778 NCG HP June26 v1.inddPublication Condo Guide Insertion June 26, 2015Client Trico Homes Size 6.75” x 4.625” Fonts used Helvetica Neue LT, Rockwell, TimesPicture infoProducer NS Revision # Reference # Page #1 of fi le DO NOT ALTER THIS ARTWORK WITHOUT CONTACTING TRICO HOMES

Visit our sales centre at 3503 Sage Hill Drive NW or viridiancondos.ca

F o n t : J e l l y k a - E s t r y a ’s H a n d w r i t i n g - R e g u l a r )

C o l o r s :

P a n t o n e 3 7 6 CP a n t o n e 3 1 5 5 C

CondosBY TRICO COMMUNITIES

Monthly Payments Starting From

$91700*

*Price shown include GST. Monthly payment is based on a starting price of $205,000. Payments are based on 5% down, with a 5-year fi xed 2.49% interest rate, amortized over 25 years, OAC, payments do not include CMHC insurance fees or monthly condo fees. Price is subject to change without notice. E&OE. Some conditions apply.

Condos in Sage Hill

Includes PI & GST

BUILDING FOUR JUST RELEASED!

One & TwoBedroom Units AvailableFor Possession Summer 2016

Ask About OurFlexible Down Payment Plan

HOMEBUYERS’ HELP

5 tips for condo buyers

You’ve decided to purchase a condo and have begun your search. Now some well-timed tips will help you on your condo-buying journey.

“Condos are a great option for people who don’t want the hassle of maintaining a house,” says Alan Stewart, broker-manager with Royal LePage Sussex in North Vancouver. “Condos are also ideal for downsizers and for first-timers looking to break into the real estate market. Armed with the right information, you can make choices to ensure that the condo you purchase today is marketable to buyers tomorrow.”

For example, to preserve the resale value in your condo, Stewart recommends researching locations thoroughly, and consider how the ambiance of the neighbourhood might be different between daytime, evening and weekend hours. He also offers these guidelines:

» Opt for the highest square footage you can afford. Smaller units are more difficult to resell.

» A stately view will help make your day-to-day living more enjoyable and serve to impress future buyers.

» Even if you don’t use a parking space, you can rent it out and future

buyers will appreciate the availability of parking.

» Likewise, a locker is highly recommended since storage in a condo usually comes at a premium.

» Find out if occupants of the building are primarily owners. A higher ratio of renters could make resale more difficult.

As selection within the condo market is ample, this presents plenty of opportunity to ensure the choices you make add up to a good investment.

More information is available at royallepage.ca NC

BEST VALUE INEVANSTON $330,SNET GST

STARTING IN THE FINAL PHASE JUST RELEASED FROM$314,900NET GST

ATEVANSTON

ATREDSTONE

EVANSTON DR

SYMONS VALLEY

PKW

Y

144 AVE

14 S

T N

W

SYMONS VALLEY ROAD NWBEDDINGTON TRAIL

STONEY TRAIL NW

TRA

IL

MET

IS T

RA

IL

DEER

FOOT

REDSTONEWAY R

EDST

ON

E ST

128 AVE

COUNTRY HILLS BLVD

LOCATED ON SITE

EXCLUSIVE

GREENSPACE AND

PLAYGROUND

ARRIVE HAPPYTAKE PRIDE IN OWNING AN ARRIVE TOWNHOME BECAUSE IT’S BUILT ENVIRONMENTALLY

RESPONSIBLE – AND LOVE IT BECAUSE IT IS CERTIFIED BUILTGREEN™ TO SAVE YOU MONEY.

OUR TOWNHOMES FEATURE SPACIOUS FLOOR PLANS WITH 2 TO 4 BEDROOMS, 2.5 BATHS,

AND AN ESSENTIAL HEATED ATTACHED GARAGE, WITH A FULL DEPTH DRIVEWAY.

A R R I V E H O M E

VISIT OUR SALES CENTRE TODAYOne block West of 14th ST. N.W.

on Symons Valley Parkway

CALL 587-755-1166FOR PURCHASE INCENTIVES

VISIT OUR FOUR SHOWHOMES TODAY104 Redstone View N.E.

off Redstone Way

CALL 403-264-8963ONLY A FEW WALKOUT TOWNHOMES LEFT

ARRIVEHOME.CAARRIVE AT EVANSTONLOCATION

EVANSTON SALES CENTRE AND REDSTONE SHOWHOMES OPEN:MONDAY TO THURSDAY 2PM TO 8PM SATURDAY AND SUNDAY 12PM TO 5PM

BUILT BY:

DATE:12 June 2015

Produced by

1005 - 11 Ave SWCalgary, AB T2R 0G1Phone: 403.287.9300

Fax: 403.287.9915

F I L E N A M E S A R E F O R I N T E R N A L U S E O N L Y

T H I S F I L E I S P R I N T E D I N 4 C O L O R

File Name VIR-13778 NCG HP June26 v1.inddPublication Condo Guide Insertion June 26, 2015Client Trico Homes Size 6.75” x 4.625” Fonts used Helvetica Neue LT, Rockwell, TimesPicture infoProducer NS Revision # Reference # Page #1 of fi le DO NOT ALTER THIS ARTWORK WITHOUT CONTACTING TRICO HOMES

Visit our sales centre at 3503 Sage Hill Drive NW or viridiancondos.ca

F o n t : J e l l y k a - E s t r y a ’s H a n d w r i t i n g - R e g u l a r )

C o l o r s :

P a n t o n e 3 7 6 CP a n t o n e 3 1 5 5 C

CondosBY TRICO COMMUNITIES

Monthly Payments Starting From

$91700*

*Price shown include GST. Monthly payment is based on a starting price of $205,000. Payments are based on 5% down, with a 5-year fi xed 2.49% interest rate, amortized over 25 years, OAC, payments do not include CMHC insurance fees or monthly condo fees. Price is subject to change without notice. E&OE. Some conditions apply.

Condos in Sage Hill

Includes PI & GST

BUILDING FOUR JUST RELEASED!

One & TwoBedroom Units AvailableFor Possession Summer 2016

Ask About OurFlexible Down Payment Plan

HOMEBUYERS’ HELP

5 tips for condo buyers

You’ve decided to purchase a condo and have begun your search. Now some well-timed tips will help you on your condo-buying journey.

“Condos are a great option for people who don’t want the hassle of maintaining a house,” says Alan Stewart, broker-manager with Royal LePage Sussex in North Vancouver. “Condos are also ideal for downsizers and for first-timers looking to break into the real estate market. Armed with the right information, you can make choices to ensure that the condo you purchase today is marketable to buyers tomorrow.”

For example, to preserve the resale value in your condo, Stewart recommends researching locations thoroughly, and consider how the ambiance of the neighbourhood might be different between daytime, evening and weekend hours. He also offers these guidelines:

» Opt for the highest square footage you can afford. Smaller units are more difficult to resell.

» A stately view will help make your day-to-day living more enjoyable and serve to impress future buyers.

» Even if you don’t use a parking space, you can rent it out and future

buyers will appreciate the availability of parking.

» Likewise, a locker is highly recommended since storage in a condo usually comes at a premium.

» Find out if occupants of the building are primarily owners. A higher ratio of renters could make resale more difficult.

As selection within the condo market is ample, this presents plenty of opportunity to ensure the choices you make add up to a good investment.

More information is available at royallepage.ca NC

MAYBE IT’S BECAUSE WE’RE SO EAGER TO PLEASEALBERTA’S #1 CONDO BUILDER

NOW SELLING IN 14 LOCATIONS ACROSS ALBERTA

FOR MORE INFORMATION VISIT:

carlislegroup.ca

FROM ThE

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inquire about immediate occupancies

OR CALL US AT:

403.571.8426ARTIST’S RENDERINGS ONLY

CALGARY & AREAAlbert Park Station - Downtown Calgary

Creekside Village - Airdrie

Emerald Sky - NW Calgary

Legacy Gate - SE Calgary

Stonecreek Landing - Cochrane

EDMONTON & AREAErin Ridge Gate - St. Albert

Vita Estates - NW Edmonton

Elements II at McConachie - NW Edmonton

MacTaggart Ridge Gate - NW Edmonton

Aurora Greens - SW Edmonton

Creekwood Landing I & II - SW Edmonton

Heritage Valley Station I & II - SW Edmonton

$160’s $200’sFROM ThE

TO ThELOW

ask about our easY doWn paYment pLan!*OAC based on 5% deposit, 3.19% interest amortized over 25 years.

$688 MONThLY*

WitH paYments From

You quaLiFY WitH a HouseHoLd income oF

$35,000

south calgary’s most desirable Location

construction started

MARQUIS OF LORNE TRAIL SE (22X)

210 AVENUE SEMACLEO

D TRAIL

LEGAC

Y BLVD SE

SALES CENTRE LOCATED AT 210 AVE SE, CALGARY

saLes centre Hours: mon - thurs 2-8 pm sat, sun & Holidays 12- 5 pm

403.460.5206

go to Legacygate.ca For more inFormationnow selling

Featuring

• Your choice of professionally designed interior finishing packages• 5 appliance package• Spacious patio or deck• Hardieboard fibre cement siding• Secure titled heated underground parking• Maintenance free lifestyle

ConCrete wallbetween suites

ConCrete floor

ConCrete Ceiling

concrete & steel construction

standard Granite countertops & stainless steel appliances

indoor Heated parKinG (some with direct access to your suite)

coMMandinG location WitH stunninG VieWs

$250’s - $290’sFroM tHe

KINCORA GLEN ROAD NW

STONEY TRAIL NW

37TH

ST. SYM

ONS

VALLEY RD.

Sales Centre Located at:355 Kincora Glen Rd NWSales Centre Hours: Mon.-Thurs. 2-8 pmSat. & Sun. 12-5 pm Closed Fridays403.460.2510

emeraldsky.ca

picture perfect livingquieTeR beTTeR ReSaLe SaFeR & FiRepRooF




carlislegroup.ca

FROM ThE

$140’S


OR CALL US AT:















TO ThELOW


$688 MONThLY*

WitH paYments From


$35,000




210 AVENUE SEMACLEO

D TRAIL

LEGAC

Y BLVD SE



403.460.5206


Featuring



ConCrete floor

ConCrete Ceiling





$250’s - $290’sFroM tHe


STONEY TRAIL NW

37TH

ST. SYM

ONS

VALLEY RD.


emeraldsky.ca





carlislegroup.ca

FROM ThE

$140’S


OR CALL US AT:















TO ThELOW


$688 MONThLY*

WitH paYments From


$35,000




210 AVENUE SEMACLEO

D TRAIL

LEGAC

Y BLVD SE



403.460.5206


Featuring



ConCrete floor

ConCrete Ceiling





$250’s - $290’sFroM tHe


STONEY TRAIL NW

37TH

ST. SYM

ONS

VALLEY RD.


emeraldsky.ca





carlislegroup.ca

FROM ThE

$140’S


OR CALL US AT:















TO ThELOW


$688 MONThLY*

WitH paYments From


$35,000




210 AVENUE SEMACLEO

D TRAIL

LEGAC

Y BLVD SE



403.460.5206


Featuring



ConCrete floor

ConCrete Ceiling





$250’s - $290’sFroM tHe


STONEY TRAIL NW

37TH

ST. SYM

ONS

VALLEY RD.


emeraldsky.ca



condo buyers’ resource section

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD!

HOMEBUYERS’ HELP

Compare mortgage rates for your best deal

Calculate your mortgage payments

INDEX OF ADVERTISERS READ MORE ABOUT OUR ADVERTISERS!

Albert Park Station Carlisle Group 52-53

Arrive at Evanston Partners Developments 51

Arrive at Redstone Partners Developments 51

Avenue Grosvenor 21

Chalet No. 6 Sabal Homes 6

Champagne Remington Development Corp. 2

Copperfield Park III Brad Remington Homes 60

Emerald Sky Carlisle Group 52-53

The Gates Remington Development Corp. 32

The Guardian Hon Towers Ltd. 17

Harvest Mosaic Brookfield Residential 39

Heartland Townhomes Excel Homes 41

Hunter House Streetside Developments 26

INK Battistella 5

Jackson Avi Urban 58-59

Jumping Pound Ridge Slokker West 7

Legacy Gate Carlisle Group 52-53

Legacy Park Brad Remington Homes 27

LIDO Battistella 20

Mosaic Riverstone Brookfield Residential 39

Muskoka Brookfield Residential 39

Origins Streetside Develoment 34-35

Ovation Intergulf Cidex 4

Park Point Qualex Landmark 19

Sage Park Cardel Lifestyles 3

SandGate Sabal Homes 37

Scollen House 320 Mission 23

Smith Grosvenor 1, 11-14

Stonekeep Merge Developments 42

V&V Providence Developments 24

Viridian Trico Homes 50

Vivace Streetside Developments 29

Zen Okotoks Avalon Master Builder 40

Zen Ravenswood Avalon Master Builder 43


condo buyers’ resource section

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD!

HOMEBUYERS’ HELP


Calculate your mortgage payments

INDEX OF ADVERTISERS READ MORE ABOUT OUR ADVERTISERS!

Albert Park Station Carlisle Group 52-53

Arrive at Evanston Partners Developments 51

Arrive at Redstone Partners Developments 51

Avenue Grosvenor 21

Chalet No. 6 Sabal Homes 6

Champagne Remington Development Corp. 2

Copperfield Park III Brad Remington Homes 60

Emerald Sky Carlisle Group 52-53

The Gates Remington Development Corp. 32

The Guardian Hon Towers Ltd. 17

Harvest Mosaic Brookfield Residential 39

Heartland Townhomes Excel Homes 41

Hunter House Streetside Developments 26

INK Battistella 5

Jackson Avi Urban 58-59

Jumping Pound Ridge Slokker West 7

Legacy Gate Carlisle Group 52-53

Legacy Park Brad Remington Homes 27

LIDO Battistella 20

Mosaic Riverstone Brookfield Residential 39

Muskoka Brookfield Residential 39

Origins Streetside Develoment 34-35

Ovation Intergulf Cidex 4

Park Point Qualex Landmark 19

Sage Park Cardel Lifestyles 3

SandGate Sabal Homes 37

Scollen House 320 Mission 23

Smith Grosvenor 1, 11-14

Stonekeep Merge Developments 42

V&V Providence Developments 24

Viridian Trico Homes 50

Vivace Streetside Developments 29

Zen Okotoks Avalon Master Builder 40

Zen Ravenswood Avalon Master Builder 43


TOTALPRE-TAX INCOME

MONTHLYPRE-TAX INCOME

SPOUSE’S PRE-TAXINCOME

AMOUNTOF MORTGAGE

(PRICE-DOWN PAYMENT)

DIVIDE BY THREE

AFFORDABLE MONTHLYPAYMENTS

DIVIDED BY 12

AMORTIZATION AMOUNT

CHART FIGURE

AMOUNTOF MORTGAGE

DIVIDED BY 1,000

AMORTIZATION AMOUNT

MONTHLY PAYMENTS

ESTIMATEDMONTHLY TAXES

AND HEAT

3.00 17.96 9.65 6.91 5.54 4.73

3.25 18.07 9.76 7.02 5.66 4.86

3.50 18.18 9.88 7.14 5.79 4.99

3.75 18.29 9.99 7.26 5.91 5.13

4.00 18.40 10.41 7.38 6.04 5.26

4.25 18.51 10.23 7.50 6.17 5.40

4.50 18.62 10.34 7.63 6.30 5.53

4.75 18.72 10.46 7.75 6.44 5.67

5.00 18.85 10.59 7.89 6.58 5.82

5.25 18.97 10.71 8.01 6.71 5.96

5.50 19.08 10.83 8.14 6.85 6.11

5.75 19.19 10.95 8.27 6.99 6.26

6.00 19.30 11.07 8.40 7.13 6.40

6.25 19.42 11.19 8.54 7.27 6.55

6.50 19.53 11.32 8.67 7.41 6.70

6.75 19.64 11.44 8.80 7.55 6.86

Amortization Periods

INTERESTRATES

5YEARS

10YEARS

15YEARS

20YEARS

25YEARS

%Calculate your mortgage payments

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

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

03 Take the total price of the condo 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 above. 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.)

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 institutionof your choice and get pre-qualified.

HOMEBUYERS’ HELP

You love the condo, see what you can afford!

Follow these steps to see if you’llqualify for a mortgage on your dream condo

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

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

07 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 condo.

VARIABLE 6 MONTHS 1 YEAR 2 YEARS 3 YEARS 4 YEARS 5 YEARS

Mortgage optionsYou 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.

All mortgages are of two basic types:

ATB Financial 2.350 4.000 2.940 2.640 2.540 2.690 2.740Bank of Montreal - BMO 2.850 4.000 2.890 2.840 3.390 3.890 4.740Bank of Nova Scotia 2.850 4.550 3.290 3.090 3.390 3.890 4.490CIBC Mortgages 2.850 4.450 2.890 2.840 3.550 4.140 4.790Caisses Desjardins 2.850 4.400 2.890 2.990 3.390 3.890 4.740Canadian Western Bank 3.050 4.000 3.140 3.040 3.650 4.200 4.740Canadian Western Trust 3.050 4.000 3.140 3.040 3.650 4.200 4.740Comtech Credit Union - 6.200 2.890 2.890 2.950 2.990 2.690DUCA Financial Services 2.650 - 3.090 3.000 2.990 3.090 2.690Effort Trust - 4.450 3.350 3.500 3.700 4.300 4.350Equitable Bank - - 3.140 3.040 3.650 4.390 4.640First Calgary Financial - 4.000 2.890 2.890 2.490 3.090 2.650First National Financial 2.200 3.100 2.290 2.190 2.340 2.540 2.690FirstOntario Credit Un. 2.850 4.240 2.890 2.590 2.690 2.840 2.690HSBC Bank Canada 2.850 4.450 3.140 3.140 3.540 4.240 4.740Home Trust Company 2.500 3.950 2.690 2.350 2.390 2.590 2.590ICICI Bank Canada 3.050 - 3.150 3.650 3.640 3.690 3.690Investors Group Trust 2.850 4.200 3.140 3.090 3.390 3.890 4.740Laurentian Bank Canada 2.850 4.400 2.890 2.840 3.390 3.890 4.740League Svgs & Mortgage - 4.000 2.990 2.250 2.990 2.990 2.790Libro Credit Union - 3.750 2.850 2.850 2.890 2.890 2.890London Life 2.850 4.200 3.140 3.090 3.390 3.890 4.740Manulife Bank 2.550 4.450 3.000 2.940 2.840 2.790 2.790Manulife Trust - 4.450 3.000 2.940 2.840 2.790 2.790Meridian Credit Union 2.650 4.000 3.090 3.090 3.550 3.290 2.690National Bank 2.850 4.400 2.890 2.840 3.390 3.890 4.740PACE Savings & Credit Un - 5.000 2.890 2.590 3.390 3.890 4.640Parama Credit Union 2.650 - 2.800 2.850 2.950 3.050 3.150Peace Hills Trust - 4.500 3.150 3.500 3.750 3.850 3.950President’s Choice Fin’l 2.850 6.190 3.190 2.840 3.490 4.040 4.440Royal Bank of Canada 2.850 3.140 3.140 3.040 3.650 4.390 4.640Servus Credit Union - 4.000 2.890 2.840 3.390 3.890 4.640Steinbach Credit Union - - 2.450 2.550 2.550 2.650 2.650T-D Mortgage 2.850 3.140 2.890 2.840 3.390 3.890 4.640Tangerine 2.850 - 3.190 3.240 3.490 3.690 3.790

Rates are subject to change without notice.


CONVENTIONALBuyer can borrow up to 75 per cent of the purchase price or the value of the property, whichever is less. Buyer has to pay 25 per cent down. A conventional mortgage cannot exceed 75 per cent of the value of the property.

INSURED OR HIGH-RATIOBuyer can borrow up to 95 per cent of the purchase price or the value of the property, whichever is less. The down payment can be as low as five per cent.

OPEN MORTGAGEAllows borrowers are 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 short-term mortgage at high-interest rates to a longer term when mortgage interest rates fall.

CLOSED MORTGAGEThis usually has the lowest interest rate available but lacks the flexible features of other mortgage options.

It’s 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 MORTGAGEOffers 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.


TOTALPRE-TAX INCOME

MONTHLYPRE-TAX INCOME

SPOUSE’S PRE-TAXINCOME

AMOUNTOF MORTGAGE

(PRICE-DOWN PAYMENT)

DIVIDE BY THREE

AFFORDABLE MONTHLYPAYMENTS

DIVIDED BY 12

AMORTIZATION AMOUNT

CHART FIGURE

AMOUNTOF MORTGAGE

DIVIDED BY 1,000

AMORTIZATION AMOUNT

MONTHLY PAYMENTS

ESTIMATEDMONTHLY TAXES

AND HEAT

3.00 17.96 9.65 6.91 5.54 4.73

3.25 18.07 9.76 7.02 5.66 4.86

3.50 18.18 9.88 7.14 5.79 4.99

3.75 18.29 9.99 7.26 5.91 5.13

4.00 18.40 10.41 7.38 6.04 5.26

4.25 18.51 10.23 7.50 6.17 5.40

4.50 18.62 10.34 7.63 6.30 5.53

4.75 18.72 10.46 7.75 6.44 5.67

5.00 18.85 10.59 7.89 6.58 5.82

5.25 18.97 10.71 8.01 6.71 5.96

5.50 19.08 10.83 8.14 6.85 6.11

5.75 19.19 10.95 8.27 6.99 6.26

6.00 19.30 11.07 8.40 7.13 6.40

6.25 19.42 11.19 8.54 7.27 6.55

6.50 19.53 11.32 8.67 7.41 6.70

6.75 19.64 11.44 8.80 7.55 6.86

Amortization Periods

INTERESTRATES

5YEARS

10YEARS

15YEARS

20YEARS

25YEARS

%Calculate your mortgage payments

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

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

03 Take the total price of the condo 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 above. 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.)

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 institutionof your choice and get pre-qualified.

HOMEBUYERS’ HELP

You love the condo, see what you can afford!

Follow these steps to see if you’llqualify for a mortgage on your dream condo

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

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

07 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 condo.

VARIABLE 6 MONTHS 1 YEAR 2 YEARS 3 YEARS 4 YEARS 5 YEARS

Mortgage optionsYou 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.

All mortgages are of two basic types:

ATB Financial 2.350 4.000 2.940 2.640 2.540 2.690 2.740Bank of Montreal - BMO 2.850 4.000 2.890 2.840 3.390 3.890 4.740Bank of Nova Scotia 2.850 4.550 3.290 3.090 3.390 3.890 4.490CIBC Mortgages 2.850 4.450 2.890 2.840 3.550 4.140 4.790Caisses Desjardins 2.850 4.400 2.890 2.990 3.390 3.890 4.740Canadian Western Bank 3.050 4.000 3.140 3.040 3.650 4.200 4.740Canadian Western Trust 3.050 4.000 3.140 3.040 3.650 4.200 4.740Comtech Credit Union - 6.200 2.890 2.890 2.950 2.990 2.690DUCA Financial Services 2.650 - 3.090 3.000 2.990 3.090 2.690Effort Trust - 4.450 3.350 3.500 3.700 4.300 4.350Equitable Bank - - 3.140 3.040 3.650 4.390 4.640First Calgary Financial - 4.000 2.890 2.890 2.490 3.090 2.650First National Financial 2.200 3.100 2.290 2.190 2.340 2.540 2.690FirstOntario Credit Un. 2.850 4.240 2.890 2.590 2.690 2.840 2.690HSBC Bank Canada 2.850 4.450 3.140 3.140 3.540 4.240 4.740Home Trust Company 2.500 3.950 2.690 2.350 2.390 2.590 2.590ICICI Bank Canada 3.050 - 3.150 3.650 3.640 3.690 3.690Investors Group Trust 2.850 4.200 3.140 3.090 3.390 3.890 4.740Laurentian Bank Canada 2.850 4.400 2.890 2.840 3.390 3.890 4.740League Svgs & Mortgage - 4.000 2.990 2.250 2.990 2.990 2.790Libro Credit Union - 3.750 2.850 2.850 2.890 2.890 2.890London Life 2.850 4.200 3.140 3.090 3.390 3.890 4.740Manulife Bank 2.550 4.450 3.000 2.940 2.840 2.790 2.790Manulife Trust - 4.450 3.000 2.940 2.840 2.790 2.790Meridian Credit Union 2.650 4.000 3.090 3.090 3.550 3.290 2.690National Bank 2.850 4.400 2.890 2.840 3.390 3.890 4.740PACE Savings & Credit Un - 5.000 2.890 2.590 3.390 3.890 4.640Parama Credit Union 2.650 - 2.800 2.850 2.950 3.050 3.150Peace Hills Trust - 4.500 3.150 3.500 3.750 3.850 3.950President’s Choice Fin’l 2.850 6.190 3.190 2.840 3.490 4.040 4.440Royal Bank of Canada 2.850 3.140 3.140 3.040 3.650 4.390 4.640Servus Credit Union - 4.000 2.890 2.840 3.390 3.890 4.640Steinbach Credit Union - - 2.450 2.550 2.550 2.650 2.650T-D Mortgage 2.850 3.140 2.890 2.840 3.390 3.890 4.640Tangerine 2.850 - 3.190 3.240 3.490 3.690 3.790

Rates are subject to change without notice.


CONVENTIONALBuyer can borrow up to 75 per cent of the purchase price or the value of the property, whichever is less. Buyer has to pay 25 per cent down. A conventional mortgage cannot exceed 75 per cent of the value of the property.

INSURED OR HIGH-RATIOBuyer can borrow up to 95 per cent of the purchase price or the value of the property, whichever is less. The down payment can be as low as five per cent.

OPEN MORTGAGEAllows borrowers are 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 short-term mortgage at high-interest rates to a longer term when mortgage interest rates fall.

CLOSED MORTGAGEThis usually has the lowest interest rate available but lacks the flexible features of other mortgage options.

It’s 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 MORTGAGEOffers 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.

check out the views at

amazing Plans

sales Centre: 755 copperpond Blvd. se | 403.723.00942:00-8:00pm Monday-Thursday |12:00-5:00pm Sat-Sun/Holidays

www.copperfieldpark.com

amazing Prices

Documents

Calgary New Condo Guide - Jun 26, 2015