calgary new condo guide - november 16, 2012

INITIAL BOX ON APPROVAL

FOR INTERNAL USE ONLY

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NEW CONDO GUIDE CALGARYCLIENT: QUALEX-LANDMARK

PROJECT: Mark

INSERTION DATE: Nov. 16, 2012

SIZE: 7.5” x 10.5” (+ .25” bleed)

CMYK

INSIDE THIS ISSUE

WELCOME THE NEW YEAR WITH A NEW ATTITUDE

MAKING SENSE OF MORTGAGE TERMS

A BEGINNER’S GUIDE TO ARRANGING A MORTGAGE

Jan 6 - Feb 3, 2012 Volume 20 Issue 01Calgary Edition Nov 16 - Dec 14, 2012 Volume 15 Issue 12

inside this issue

CONDO INSURANCE: WHAT YOU SHOULD KNOW

ASSEMBLING YOUR HOMEBUYING TEAM

MIX AND MATCH FABRICS IN YOUR SPACE

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TWOBEDROOMCONDOS

THREEBEDROOM

TOWNHOMES

$170S $250S *Based on 2007 - 2011 CHBA Statistics

For more information and registrationCall Judy-Lynn Lavelle403-457-2670

SALES CENTRE HOURS302 CRANSTON RD. S.E.T: 403.457.2670MONDAY - THURSDAY: 2-8 PM FRIDAY: CLOSEDWEEKENDS & HOLIDAYS: NOON - 5 PM

5 NEW MODELSWALKING DISTANCE FROM: SOUTH HEALTH CAMPUS, SHOPPING, DINING AND MORE!

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NORTHWEST

table of contents

008 editor’s note

columnists

020 contemplating condominiums Choose a Realtor who understands condos by linda palfi

052 home smarts Assembling your homebuying team by marnie bennett

in the news

016 housing market Calgary housing market showing no signs of slowing

030 survey Insurance products remain a mystery to Canadians

046 debt poll More Canadians are debt-free in 2012

features

036 style file Get friendly with fabrics: how to mix and match by yanic simard

040 insurance needs How to avoid big problems in small spaces

homebuyers’ help

009 cover story Qualex-Landmark makes MARK in the Beltline by HeatHer ryan

028 condo profile Avi Urban launches two new projects in southwest Calgary by HeatHer ryan

053 homebuyers’ help Condo Buyers’ Resource Section

057 indeX

November 16 to December 14, 2012

volume 15 issue 12

mark oN 10thLuxury condo in the

Design District

09

coLumNs, News &

features

Vice-President, Wall2Wall Media Jacqueline HillEditor-In-Chief

Susan LeggeEditor Janine DrueryLydia McNutt (on leave)

Art Director

Daiana GarayDesign Editor

Yanic Simard

Media Consultant

Natalie Houghton 587.226.1313Contributing Editors

Wayne Karl Elisa Krovblit Silvana Longo Sara Duck (on leave)

Production Manager

Bala Gnanapandithan Production Co-ordinator

Greg Van SluytmanGraphic Designer

Viosa Barileva National Account Manager, Mediative

Paul Slizys

PuBLiSHED BY

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

CoPyrIGht 2012 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.

Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada. ADVErtIsING rAtEs T 587.226.1313 email [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.

EDItorIAl Submissions from interested parties will be considered. Please submit to [email protected]

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

The homeTRADER & Design are trademarks of Apax Partners LLP, used under license.

Please recycle this magazine! Wall2Wall Media 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.

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According to a recent surveyconducted by Desjardins Group (desjardinslifeinsurance.com), most Canadians are sorely lacking in their knowledge of insurance products – including home insurance (please see story on page 30).

Some of the main findings of the survey are as follows:›› One-third of respondents have either

chosen or refused a mortgage insurance product offered by a lending institution, without assessing their finances or comparing costs with other products on the market.

›› Only 44 per cent knew that notall insurance policies come with surrender value.

›› Just 45 per cent knew that water damage is the most common type of claim filed by homeowners.

›› Close to 40 per cent of those with home insurance didn’t keep lists, sales slips or photos of their most valuable assets that would help them submit a claim in the event of a loss.

Are insurance companies not doing a good enough job educating people about the importance of insurance, or are a lot of people just not that concerned? Maybe it’s a bit of both? Whatever the case, it seems clear that most of us have to start taking a more active interest in insurance if we want to protect ourselves, our families and our homes.

In this issue of New Condo Guide, we focus on home insurance and what homeowners need to know. Of course, reading about it won’t get you completely up to speed on the topic. To the mix, you’ll need to add research, financial planning and likely a meeting with an insurance representative. But it’s a good start.

Much like that bank commercial that says, “you’re richer than you think,” a new home may be more affordable than you originally thought. Perhaps you only need to change your definition of “home” to get into the market.

While a detached home is the traditional choice for many, highrise and lowrise suites, lofts and townhomes have become a prime choice among first-time buyers and empty nesters in the market for new place to call home.

Not only does condominium living afford you the opportunity to live in a prime neighbourhood at a great starting price, when it’s time to move you can often opt to remain in the same neighbourhood, since many

buildings and townhome communities offer a mix of designs and sizes, which allow families to relocate easily without having to change jobs or schools.

Today’s communities generally have a range of sizes and prices that start at the “affordable” end of theprice spectrum. This fall, manybuilders and developers are gearing up for their grand openings or have suites available for quick occupancy. It’s an exciting time to be shopping for a new place, so don’t miss this excellent buying opportunity.

Have a look through this issue and see what you think. The home of your dreams is waiting.

THINK YOUCAN’T AFFORD A HOME?Think again.

Get informedABOUT INSURANCE

EDITOR’S NOTE

SUSAN LEGGEEDITOR-IN-CHIEF

Wall2Wall [email protected]

Follow me on Twitter atTwitter.com/SusanLegge

Like us on facebooksearch: Condo Guide

JANINE DRUERYEDITOR

Wall2Wall [email protected]

Follow me on Twitter atTwitter.com/JanineDruery

08 NEW CONDO GUIDE | VOLUME 15 ISSUE 12 | www.homeTRADER.ca

COVER STORY

// BY HEATHER RYAN

QUALEX-LANDMARK IS MAKING ITS MARK in Calgary’s emerging Design District with its newest high profi le downtown condo development called MARK on 10th.

Located in Connaught at 10th Avenue and 8th Street S.W., MARK on 10th is a distinctive 34-storey, 270-suite condo project that off ers luxurious urban homes with secured underground parking and outstanding amenities starting from the low $200’s.

QUALEX-LANDMARK

MAKES MARK in the Beltline

“MARK on 10th is purposely built for today’s urban dweller because of its proximity to the downtown Design District, offi ces, universities, transportation, and entertainment districts,” says Qualex-Landmark president Roger Navabi. “We are redefi ning the urban home by adding amazing amenities like the rooftop lounge and the generous garden on the third fl oor podium into the mix.”

� e expansive third-fl oor garden, which is inspired by traditional and contemporary landscape design from east and west, will be one of the largest residential highrise common gardens in the city. Residents will enjoy relaxing in the garden that will include open lawn areas for passive recreation, overhead shade trees and a fully accessible pedestrian pathway network with lounge seating.

Or, they can head to MARK’s outstanding rooftop amenity that features a private members club,

fi tness facility and glass mezzanine lounge with panoramic views of downtown and the Rockies. Outside, there are plans for an elevated hot tub, sunbathing patio with seating, lounge area with outdoor barbecue and a raised fi re pit.

Qualex-Landmark also places a special emphasis on infusing art into its common spaces, so MARK will feature Alberta’s fi rst large-scale art commission by Douglas Coupland, an internationally renowned Canadian novelist, visual artist and designer. His work has been published in 30 countries and translated into 22 languages. His fi rst novel in 1991 was Generation X: Tales for an Accelerated Culture. He has published 13 novels, a collection of short stories, seven non-fi ction books and a number of dramatic works and screenplays for fi lm and television.

“We are excited to announce that Douglas Coupland is creating artwork for MARK on 10th,” says Navabi. “Commissioning an artist of his stature to create an art piece for MARK enables Qualex-Landmark to play a role in developing the emerging Design District that is energizing this area of Calgary’s downtown.”

Conceived by award-winning designers Rafi i Architect in partnership with BKDI Architects Inc. and Durante-Kreuk Landscape Architects, MARK is a mixed-use high-rise tower with residential suites and a selection

“WE ARE EXCITED TO ANNOUNCE THAT DOUGLAS COUPLAND IS CREATING ARTWORK FOR MARK ON 10TH,” SAYS NAVABI.


of retail services to meet residents’ needs and complement local conveniences. Innovative interiors are created by renowned interior designers at Trepp Design Inc. and incorporate a multitude of design features inside and out.

Residential suites offer one- and two-bedroom designs with top quality features such as over-height doors and ceilings, expansive energy-efficient window-walls, wide plank wood-laminate flooring, elegant porcelain tiles and individually controlled heating and cooling. Other incredible interior features include stainless steel appliance package, quartz countertops, glass mosaic tile backsplash and soaker tubs. Residents can also choose between two distinctive colour palettes.

With its enviable location in the heart of the Design District, residents will appreciate the walkability factor – being able to access most amenities, such as groceries, restaurants and services without having to get into the car, plus they have easy access to downtown for work and trendy 17th Avenue.

“We are excited to officially launch MARK on 10th,” says managing director Mohammed Esfahani. “Homebuyers can now learn more about MARK’s amenities, its breathtaking views and its luxurious homes at accessible prices.”

Since 2004, Qualex-Landmark has been building high-rises of exceptional quality in Calgary, inspired by four words: commitment, integrity, respect and passion. It began with Stella in 2004, and was followed by Nova in 2006, Luna in 2009, and Calla currently under construction — all in the Beltline. MARK is the fifth Calgary condo development from Qualex-Landmark, which will celebrate its 10th anniversary in Calgary in the coming year.

For more information on MARK on 10th, at 901 10th Ave S.W., or to register online, visit qualex.ca/mark or call 403-244-2428.

Photo BY:Brian Howell 2012

Author Douglas Coupland

www.hometrader.ca | Volume 15 issue 12 | NeW CoNdo Guide 11

*On approved credit. 5% cash down plus 5% in bond. Processing fee and bond cost paid by developer. Ask sales rep for details. Prices shown do not include GST and are subject to change without notice. E&OE. Illustration is artist’s impression.

RIVERFRONT dOwNTOwN CONdOS FROM ThE MId $200,000s. ONly 5% dOwN*Sales Centre 553 Riverfront Ave SE, 403.263.8144 liveherefirst.com

ExpERiEnCE

yOu’ll alwayS REMEMbER yOuR FIRST.

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05 Luna by Qualex-landmark Group of Companies 1120 - 10th Avenue S.W.

06 uno in mount royaL by maple projeCts show suite now open 836 Royal Ave S.W.

07 drake by Grosvenor Visit Sales Centre at 2nd Floor, 850 - 16 Avenue S.W

08 PiXeL by battistella 9A St and 2nd Ave NW www.battistella.ca

09 SoLaire by la Caille Group 888-4th Ave. SW Presentation suite 912-5th Ave. SW www.solaireliving.ca

10 caLLa by Qualex landmark Group of Companies 14th Ave. & 6th Street SW

11 keynote 220 12th Ave. SW

12 St. johnS tenth Street by streetside 10th St. & 3rd Ave. NW

13 FirSt by fram + slokker East Village, Calgary, AB

14 6th & tenth CominG soon by lamb development Corp.

15 the bLock by avi urban Sales Centre 1022 17th Ave. SW

16 StePS by sturGess Coming soon to Bridgeland

17 neXt by buCCi Show Suite 921 1st Ave. NE

01 riverFront Pointe by Carlisle Group 101 Riverfront Avenue S.E.

02 mark on 10th -coming Soon by Qualex 901 - 10th Ave S.W.

03 tribeca by buCCi developments 1905 4th Street S.W. www.tribecamission.com

04 WaterFront by anthem properties 216 Riverfront Ave. S.W.

inner city

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Exactly one year ago I wrote the first of a two part series on CSG’s initiative to purchase rental properties in Phoenix, Arizona using many of the same real estate shopping principles we advocate in these columns. I stated then I would print an update one year later to evaluate how things went. If you fast track back then, it was probably the bottom (or very close to it) of the US housing crisis. We began researching and exploring Phoenix in November 2010 to determine if there was a chance of capitalizing on depressed market conditions. Of course it was a lot of hard work and learning but the best investments usually are. We acquired only properties that fit a preferred location based on analysis of the overall market. We reviewed family formation types, population growth, employment growth (that was pretty tough to find at the time), housing quality fundamentals, amenity development and crime statistics. Not much different than how you should be selecting an area in Edmonton to make the best home investment to satisfy your needs. We selected a product that would be great for rental to a large population segment under regular market conditions and our budget parameters. We settled on 3 - 4 year old townhomes with single or double garages from $45,000 to $55,000. (Yes, those were real prices at the time) Again, no different than how you should define a product to fit your lifestyle and budget thresholds.

Finally we made four shopping trips and worked hard evaluating each property and their sellers situation. And, we looked at dozens and dozens of properties. Most were unsatisfactory for some reason but a dozen fit our profile. This is key to finding a great investment. Visit as many show homes and sales centres as possible, so you can evaluate the best home for your needs and compare the value of each in detail. Every seller and situation is different, even in the new home or condo industry. Then we made offers – usually about 7% - 15% below list price which we felt guilty for at those prices. But, it’s part of the process. One offer was accepted outright, 4 were countered at less than list, 6 were countered back at list and one was actually countered back at higher than list. The excitement and disappointment of making a good deal had begun and eventually

successful closings occurred. It’s important that you find the “right” potential properties and then create leverage for yourself through comparables and try to negotiate price or contents. Fast forward to November 2012 and there have been four straight months of “positive” news on US housing. In fact, Wells Fargo, Goldman Sachs and Citigroup have each announced a housing recovery is underway. Phoenix’s conditions have improved dramatically and we are happy with our purchases. The homework and effort was well worth it, not only today but over the next five to 10 years that we hold these properties. The story is illustrative of a good home shopping approach, regardless of what you’re buying. It needs to be detailed, measured and analytic to find and secure your preferred home and be rewarded with a smart future investment. There’s lots of talk in Canada today about housing markets, corrections, over valuations and so on. We are fortunate to live in Edmonton, the countries second best market next to Calgary (sorry it’s a fact). If most forecasters are right we’re in good and growing market conditions for the next two to three years. So, if you’re looking for the physical and financial comfort of a new home or condo, now may be your best time to do some home work and press forward. Like us in Phoenix, there’s no guarantees for the future. But, do your homework and stick to the parameters that make sense for you. Things can change a lot in just a year so don’t keep sitting on the sidelines. Our purchases have turned out very well and I expect your new home shopping experience – if performed in a similar fashion – will yield the same results. Good luck and go shopping.

withJim Malner

market marts There Are Lessons To Be Learned Here

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

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

Visit as many show homes and sales centres as possible, so you can evaluate the best home for your needs and compare the value of each in detail. Every

seller and situation is different, even in the new home or condo industry.

14 NEW CoNdo GuidE | Volume 15 issue 12 | www.hometradEr.ca

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www.homeTRADER.ca | VOLUME 15 ISSUE 12 | NEW CONDO GUIDE 15

HOUSING MARKET

CITY OF CALGARY SALES ACTIVITY marked a 23-per-cent increase over levels recorded in October 2011. � e continued improvement in sales has pushed year-to-date sales activity to nearly 16 per cent above levels recorded last year.

“Relative to national trends, we continue to move in the opposite direction, recording both sales and price growth,” says CREB President Bob Jablonski. “However, despite the higher than anticipated sales growth this year our market is not overheating, simply returning to levels consistent with long term trends and prices still have not fully recovered after the last recession.”

Sales improved over 2011 levels across all housing types in the city. Apartment condominium sales have been on the rise, with year-to-date sales nearly 12 per-cent higher than last year. Single-family sales growth has been the strongest, with almost 17 per cent more year-to-date sales this year compared to 2011.

New listings within city limits totaled 2,312 for the month, a nine per cent decline over October 2011 levels. � e decline in new listings relative to sales has continued to reduce total inventory levels across all sectors. However, because this is a less active period in real estate, the months of supply remains within balanced levels.

� e strong demand for homes relative to the supply levels has caused some signifi cant increases in the price of single-family homes this year compared to 2011. As

CALGARY HOUSING MARKETdoes not show signs of slowing

of October 2012, the benchmark price for a single-family home was $433,300, an eight-per-cent increase over the previous year. While there has been signifi cant recovery in Calgary home prices, typical unadjusted home prices have leveled off remaining relatively unchanged over the past four months, and remain below the highs recorded in 2007.

Condominium apartments re-corded a benchmark price of $247,000 in October 2012, losing some ground over the previous month, but still higher than the previous year by three per cent. While, on average, condo-minium apartment prices have fallen more than risen since 2007, condo-minium prices this year have recov-ered to levels comparable to 2010.

After the fi rst 10 months of the year, condominium townhouse sales totaled 2,279, 16 per cent higher than last year. � e benchmark price for a townhouse in October was $279,000, a three per cent improvement over October 2011.

“At the end of last year, the Calgary economy was growing and continued to post job growth,” said Ann-Marie Lurie, CREB’s chief economist.

“However, global economic uncer-tainty was increasing, impacting overall consumer confi dence and contributing to a signifi cant amount of caution in the resale market.

“While many of these global eco-nomic risks remain this year, consum-ers’ concern regarding the impact on our economy has lessened. Calgary has continued to record relatively strong economic, employment and migration growth. � is, combined with improving aff ordability, has encouraged consumers to purchasing real estate in Calgary.”


*See a sales representative for details. E & O.E.

403.264.1703 drake17.com Show suites located at 850 – 16th Ave. SW

Open 12-6pm Mon-Thurs, 12-5pm Weekends. Closed Friday.

What?All this for 225K and it includes parking.

All this for $246,900 andit includes parking.

Here’s what you can do toRecycle, Renew and Reuse

• Keep your car in good working order. Tune-upsand filter changes cut down on exhaust emissions, and you’ll get better gas mileage.When you change your oil, take your usedmotor oil to a recycling centre.

• Use available transit alternatives.

• Separate your garbage. Glass, aluminum, paperand even plastic can be recycled. If a recyclingprogram is not directly available to you, contactyour municipal sanitation department.

• Donate reusable clothing and linens to charity.Most pick-up regularly in your area.

• Become environmentally active in yourcommunity.

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

Recycle girl(19/9)-ja/ah


NOSEHILLPARK

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northeast communities02 next

by bucci developments 921 - 1st Ave N.E.

03 indigo sky at saddleridge by carlisle group 68 Street NE & 80 Avenue NE

04 galleries renfrew by assured Homes 1116 Renfrew Drive NE

05 coventry station by Hunter residential developments 13007 Coventry Hills Way NE www.coventrystation.ca

06 saffron by genesis builder’s group 6 Saddlelake Place NE

07 arrive @ skyview ranch by partners development group Skyview Ranch Rd & Skyview Ranch Dr

08 highland park by stonecroft 4303 - 1st Street NE

10 indigo sky at tara lake by carlisle group Sales Suite 68 Street & 80 Avenue NE

11 kintalla by streetside developements 150 Redstone Grove NE www.kintalla.com

01


Two Bedroom, Two Bathroom Townhomes over 1150 sq. ft.From the low $200sLocated in the established community of Coventry Hills

www.CoventryStation.ca 587-896-6107

13007 Coventry Hills NE

Two Bedroom, Two Bathroom Townhomes over 1150 sq. ft.

ChoosE a REaltoRwho knows condos

CoNtEMPlatING CoNDoMINIUMs // lINDa PalfI

Linda Palfi is a condominium-specialist Realtor with Discover Real Estate. She has overseen many condo projects as the chair of her condo board and is a member of the

professional standards committee at the Calgary Real Estate Board. Further

articles and her Calgary Condo Directory can be found online at CondosInCalgary.

com or call Linda for more information at 403.998.7732

Whether you’re buying or selling a condominium home, you deserve

professional service from a Realtor who specializes in the field. Using the right Realtor could get an owner a sale in a slow market, such as wintertime, and could ensure that a condo buyer gets good value and buys only in a well-run condominium development.

Let’s start with those who are selling, and point out how many sellers are under-served when their condo home is marketed. While Realtor.ca, formerly MLS.ca, is a powerful marketing tool, used online by thousands of Canadians daily, it’s not half as powerful if there are no photos of the home beyond the building’s front door. No seller should be satisfied with their listing on Realtor.ca without numerous photos showing the layout and the light that their home offers.

Further, those photos should appear on a condominium website in addition to Realtor.ca. There are a handful of these in Calgary, and the locals are watching them for listed condo homes in specific neighbourhoods and even in specific buildings. If a Realtor doesn’t have such a site, or an affiliation with such a site, you might be waiting longer than necessary for an offer to buy your property. In some cases, a condo-specialist Realtor can bring seller and buyer together before even listing the property, simply through all the contacts and familiarity the Realtor brings to the table.

There are also issues a qualified Realtor can address, such as confirming the status of your parking and assembling the condominium documents that you might not have on hand. Some readers will remember my example of the sale that fell apart because the condo owner didn’t own the titled parking stall. A good Realtor will discover this early and deal with it in advance of the sale.

A condominium home shopper has many concerns that are best addressed by someone who specializes in the field. When considering housing options, for example, one Realtor will only know of houses, while the condominium Realtor will be able to summarize various condo buildings, townhouse developments, price ranges and lifestyle choices, all before you even go on the road to see them!

Specialized Realtors might also know of the perfect condo home that’s not yet on the market, so you’ll have first dibs on it. Both the seller and buyer like the convenience of being brought together without listing, marketing, dozens of viewings and perhaps weeks of delay. (You can read my column on this topic at condosincalgary.com)

Lastly, buyers are best served by a condo-specialist Realtor who does not hurry them into their purchase decision. By the time you make an offer you should know why you’re buying, what you’re buying, and why you’re paying what you’re paying. Be patient with yourself and require that your Realtor be equally patient. You’re buying a home and a major investment, not a blouse or a car.

In summary, condo sellers and buyers should demand more from Realtors. Sellers deserve multi-photo and multi-website marketing, and access to buyers who need condominium homes. Buyers deserve a Realtor who doesn’t rush them, who knows the condo marketplace and who likely lives in a condominium home him/herself.


Contact Us:Phone: (403) 262-5070

Web: cougarridgelandings.com

Visit Our Sales Center:771 Patrick Street SW, Calgary,

AB T3H 4B9

HOmeS frOm StateSman.Personality from you.Villas • Vistas • Views

Developing Calgary for over 36 years

The Landings is all about modern living - beautiful views over The Bow River Valley, high end finishing’s and maintenance free 2 & 3 bedroom Luxury Villas and Vistas built to the unrivalled high standard you’ve come to expect from Statesman.

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01 HUNTER HOUSEBY STREETSIDE DEVELOPMENT1020 194th Ave S.W.www.hunterhouseliving.com

02 SILVERADOBY SLOKKERSilverado Way & Sherrif King Rd

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

04 SANDERSON RIDGE BY MEDICAN2330 Fish Creek Blvd S.W.

06 SAWYER SILVERADO COMING SOONBY Avi Urban

07 UNO IN MOUNT ROYALBY MAPLE PROJECTSSHOW SUITE NOW OPEN836 Royal Ave S.W.

10 VICTORIA CROSSBY AVI URBAN132 Victoria Cross Blvd. S.W.

11 CURRIE BARRACKSBY CANADA LANDS COMPANYJ5, 2953 Battleford Ave. S.W.

12 EIGHTY5NINEComing SoonBY VERTICAL PROPERTIESeighty5nine.com

13 THE ENCLAVE AT CASTLE KEEPBY AVI URBAN9310 14th Ave. SW

14 VALMONT AT ASPEN STONE35 Aspenmont Heights SW

15 TRIBECABY BUCCI DEVELOPMENTS323 20th Ave. SW

16 EINSTEINBY PROVIDENCE GROUP1521 35th Ave. SW COMING SOON

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THERE IS SO MUCH EXCITEMENT IN THE PURCHASE OF A NEW HOME! THERE ARE SO MANY CHOICES TO MAKE. IF I ASKED YOU FOR THE TOP 5 FEATURES YOU

WANTED IN YOUR NEW HOME, WOULD GOOD INDOOR AIR QUALITY MAKE THE LIST? I WOULD ENCOURAGE YOU TO PAUSE FOR A MOMENT AND GIVE PROPER CONSIDER-ATION TO THE ENVIRONMENT YOU AND YOUR FAMILY WILL BE LIVING IN. INDOOR AIR QUALITY AFFECTS ALL HOMES, NEW AND OLD. THE OPPORTUNITY THAT COMES WITH NEW HOMES IS PROVIDING THE BEST POSSIBLE ENVI-RONMENT RIGHT FROM THE START.

Being a Building Science & Sustainability geek (yes, I am a geek) doesn’t have too many perks. We aren’t known for being brilliant conversationalists at parties. Oddly enough

not too many people want to know about the perfect building envelope or the latest developments in heat pump technology. But once a year we gather with more of our kind (insert “nerd herd” joke here) and discuss the latest developments in our in-dustry. Such an event was held last month in Phoenix.

Now, it was my plan to write on another topic this month, (a truly brilliant piece of prose I’m sure), but that all changed with a session I attended at our conference. Paul Cardis is the CEO of Avid Ratings—not exactly a household name—but if you purchase a new home in North America, chances are you will see some of their work. Avid is a marketing research company and the major-ity of builders that use a service like theirs, work with Avid. Avid measures customer satisfaction with the product they have pur-chased—in this case, your new home. Paul’s presentation was based on data from hundreds of thousands of surveys complet-ed North America-wide since 2010. Avid’s research indicates that the vast majority of consumers (over 75%) are satisfi ed with the energy effi ciency of their home. Furthermore, almost the same majority believes that the building code is a good standard to build to. It was evident to everyone in the room at the time that the North American consumers don’t know that they should ex-pect and receive better!

I want to be clear on one thing right from the start: the build-ing code is a minimum set of standards that describes how a house can be built. It is not, by any description, a quality stan-dard. If you are counting on the building code to guarantee you a quality home, you will be horribly disappointed. The Building code is concerned with 3 primary objectives: fi re, safety and health. Environment is currently on the table as an addition, but its inclusion is at least a year away. The point I want to make here is that it is a minimum standard. You are spending a lot of your current and future hard-earned money on a home—don’t you think you deserve something better than the minimum stan-dard? If you are spending $1000–$1500+ per month on a mort-

gage payment, is an extra $25–$30 too much more to improve the quality of your home? If not, then ask your builder what they do that goes beyond the building code. Ask what options they provide to im-prove the overall quality of the home.

The current Building Code doesn’t even really address energy effi ciency. There is a small bit around minimum insulation levels and window per-formance, but these have remained largely un-changed since the 1980s. Minimum performance levels for furnaces and hot water tanks are not stip-ulated in the code directly—manufacturers have driven the improvements here. Consumers in the survey thought that all builders were building

“green”. Nothing could be further from the truth. If you’re interested in sustainable development, de-mand third party verifi cation. The cost is minimal and within 5–6 years home sellers will have to pro-vide this to people buying a resale home anyway.

I don’t want anyone to get the wrong impres-sion here. Alberta builders produce some really good quality products—but you can get better. The building industry is just a refl ection of its market. We build what the consumer asks for. If the consumer asks for a better quality, more sustainable home, we will happily build it. Please ask. You deserve it.

DAVE TURNBULLProduct Development Manager

Landmark Group

YOU DESERVE BETTER (and Don’t Even Know It!)

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

042 NEW CONDO GUIDE | VOLUME 20 ISSUE 12 | www.hometrader.ca

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condo profile

// By HeatHer ryan

avi Urban is building on the success of its recent townhome and condo projects with the launch

this month of two distinctive new offerings in two vibrant southwest Calgary communities.

Located in Walden on Walden Drive, just steps away from shops and local amenities, Edison will be comprised of 156 three-storey townhomes with double-car attached garages, starting at an amazing price point in the mid-$200’s.

“Edison at Walden is the next generation of all the things we’ve learned from our past successes,” says Charron Ungar, president of Avi Urban, the multi-family division of Homes by Avi. “It’s the culmination

avi UrBan launches two new projects in southwest Calgary

Sawyer

of years in research and feedback from our Avi Urban homeowners.”

For Edison, Ungar says they have brought together a “highly detailed and innovative architectural design with a studied approach to the latest trends and finishes. We are creating what I believe will be Calgary’s most stunning example of a highly livable and extremely attractive townhome development.”

The townhomes will range from 1,130 to 1,400 sq. ft. and be designed based on the success of Avi Urban’s The Enclave at Castle Keep offering nine-ft. ceilings on the main floor and incredible standard features such as full-height tile backsplashes and extended height cabinetry.

Buyers will also be able to mix and match finish options inside and enjoy a fully landscaped central park, an Avi Urban signature in many of its developments.

“A highly functional yet stylish selection of home plans combine with amazing specifications at Edison,” Ungar says. “We have ensured the designs reflect the latest interior design trends in combination with


Edison

Edison

maximum value and functionality. The townhomes at Edison will prove to be both highly innovative and affordable.”

Buyers also benefit from having neighbourhood conveniences nearby at the Gates of Walden, which includes various shops, services, a local pub and a grocery store expected to be added in 2013, plus they have easy access to Macleod Trail and Hwy. 22.

For more information and to register, visit aviurban.com/edison.

Set in the heart of the established community of Silverado on Silverado Boulevard, Sawyer will be comprised of 138 apartment-style condos in three buildings.

Starting with a very affordable price point in the mid-$100’s the Sawyer condos will offer various floor plans ranging from 650 to 1,000 sq. ft.

“Avi Urban has been active in the downtown condo market. Taking experiences and knowledge from this market, we’re able to bring this inner-city perspective to south Calgary with Sawyer Silverado,” Ungar says.

“We are excited to have the opportunity to offer this innovative and fresh product perspective to our buyers,” he says. “We believe that our urban take on this product will bring together the benefits of affordability and established south Calgary amenities with the latest design concepts and building technology.”

Designed as a perfect fit into the established community of Silverado, homes at Sawyer feature underground parking and finishes that are anything but standard, including oversized windows and flat panel cabinetry. Again, buyers can mix and match

finish options for their interiors along with being able to choose the colour of their front door from five stylish selections.

Sawyer’s three buildings will be arranged in a U-shape to allow for the creation of a beautiful landscaped circular courtyard featuring almost 250 trees.

Silverado also offers a great location with easy access to Hwy. 22 and Macleod Trail. Residents can enjoy neighbourhood conveniences at the Silverado Marketplace that includes shops, services and a grocery store, and it’s just minutes from fabulous Spruce Meadows.

Visitaviurban.com/sawyer to register and receive all the details.

SURVEY

A RECENT SURVEY CONDUCTED BY DESJARDINS GROUP as part of its Personal Finance Index found that most Canadian consumers know very little about insurance products. To measure their general understanding of these products, eight personal money management questions were added to this year’s survey. � e results indicated that:// Only 44 per cent knew that not all insurance policies come with surrender value// � irty per cent did not know whether their credit card came with travel insurance, whereas 32 per cent knew it did but knew little about the coverage itself.

In terms of other types of insurance, a third of respondents have refused a mortgage insurance product off ered by a lending institution, without fi rst assessing their fi nancial situation or comparing costs with other mortgage insurance products available on the market. And less than half of the respondents showed a real understanding of how they were protected by their home insurance.

� ese results indicate that there remains a gap in the public’s understanding of personal fi nance. We asked Reh Bhanji, an insurance expert from Desjardins Financial Security for his assessment. “Clearly, there is still much we can do as fi nancial advisors to help Canadians improve their fi nancial knowledge,” said Bhanji. “Of course, some people are uncomfortable to talk about money, but it actually can be fun. We have tools that help illustrate diff erent scenarios which can help reignite a person’s enthusiasm towards their fi nances and insurance coverage. And it’s actually very important because it allows you to better manage life changes like a new addition to the family, a new home, a new job, etc.”

What’s the best way to start improving personal fi nancial habits and to learn more about insurance? One way is to sit down with a fi nancial advisor or an insurance representative to discuss your current life, health and disability insurance needs. A properly trained representative will then suggest a suitable product that off ers the best protection. You may be interested in trying the online self-evaluation tool available on the Desjardins

INSURANCE PRODUCTS REMAIN A MYSTERYto Canadian consumers

Group’s Co-opme Program website at desjardins.com/co-opme. And here are two brief descriptions of some life insurance products to help get you started:› Permanent life insurance can be adapted to long-term goals and premiums can be paid as fi xed amounts for the entire coverage period, in instalments or in full in a certain number of years.› Universal life insurance is very fl exible and totally conforms to your needs because you can add or remove features and increase or decrease premiums at any time. � e savings component can be accessed anytime, barring any restrictions attached to the investment type, making this an ideal emergency or retirement fund.

For more information aboutthese and other insuranceproducts, visit the insurance product section of the Desjardins Financial Security website at desjardinslifeinsurance.com. NC

there is still much we can do as fi nancial advisors to help Canadians improve their fi nancial knowledge,” said Bhanji. “Of course, some people are uncomfortable to talk about money, but it actually can be fun. We have tools that help illustrate diff erent scenarios which can help reignite a person’s enthusiasm towards their fi nances and insurance coverage. And it’s actually very important because it allows you to better manage life changes like a new addition to the family, a new home, a new job, etc.”

What’s the best way to start improving personal fi nancial habits and to learn more about insurance? One way is to sit down with a fi nancial advisor or an insurance representative to discuss your current life, health and disability insurance needs. A properly trained representative will then suggest a suitable product that off ers the best protection. You may be interested in trying the online self-evaluation tool available on the Desjardins

What’s the best way to start improving personal fi nancial habits and to learn more about insurance? One way is to sit down with a fi nancial advisor or an insurance representative.


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06 CHESTERMERE TOWNHOMESBY SLOKKERCANADA WEST#300 Marina Drive, Chestemere

07 COURTYARDS OF KINGS HEIGHTSBY MERGE DEVELOPMENTS#4 Kingsland Close N.E. Airdrie, Alberta

08 HOMESTEADSBY ALDER CREEK HOUSING COMPANYLangdon, Alberta

09 THE VILLAGEBY CALBRIDGE HOMES3102-15 Sunset SquareCochrane, Alberta

10 SUNSET POINTEBY CALBRIDGE HOMES302 Sunset PointeCochrane, Alberta

11 THE EDGEBY STREETSIDE DEVELOPMENTS604 East Lake Blvd N.E.Airdrie, Alberta

12 CONCEPTBY JAYMAN MODUS201 Sunset Drive,Cochrane, Alberta

13 HEARTLAND TOWNHOMESBY EXCEL HOMES1178 Clydesdale Way,Cochrane, Alberta

03 PENNCROSS BY STREETSIDE DEVELOPMENTS127 & 129, 1 Crystal Green Lane, Okotoks, Alberta

04 LAREDO PLACE BY TRICO HOMES112 - 28 Heritage DriveCochrane, Alberta

01 RIVERSTONE AT COCHRANEBY SLOKKER CANADA WEST INC. 240 Riverview Drive in Cochrane

02 CREEKSIDE VILLAGE- AIRDRIEBY CARLISLE GROUP8th & MacKenzie WayAirdrie, Alberta

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GET FRIENDLYWITH FabRIcs

How to mix and match … tastefully

WHEN IT comEs To FasHIoN,

patterns are mixed together all of the time. So, you shouldn’t be fearful of combining patterns in a room to make it come to life. The trick is to do it tastefully – without creating a décor disaster. Here, I share my tips for combining patterns the right way:begin bold Start with one strong pattern – strong could mean thick lines, a particularly busy pattern, or very saturated colours – and build upon it.balance of scale The goal is for your patterns to complement one another, not work against one other; try to have an even mix of busy and subtle. soften Prints with solids A fabrics without a pattern acts as a staple to all schemes. It’s sort of like the bread to a sandwich – things won’t look (or taste) good without it.one colour, Different shades A more simplified way of mixing patterns is to keep it monochromatic. Select patterns of one colour but choose varied shades (for example, light blue mixed with medium and dark blue).

sTYLE FILE

c o N T I N U E D o N Pa G E 3 8 . . .

YaNIc sImaRD is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Simard often applies his signature high/low and old/new combination design techniques in developing unique designs. Simard has created designs for clients in Toronto, Montreal and Miami, and has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca.

// bY YaNIc sImaRD

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Don’t Over-coordinate You want to avoid having your fabrics too

“matchy-matchy.” If you’re using the same or similar pattern in more than one area, limit it to two places and have them spread far enough apart.

My Favourite Patterns:GINGHAM � is printed or dyed fabric, which dates back to the 17th century, is known for its checked patterns of white and a single bold colour (you’ll often catch me wearing this pattern). � e size of the checks can vary in size, and the checks can appear in horizontal rows and vertical columns, or sometimes diagonally. PINSTRIPE A classic pattern consisting of very thin stripes running in parallel. It is most recognized in men’s suits and is very striking in home décor.

CHEVRON A repetitive pattern comprised of sharp ledges that look like the letter “V” (sometimes called herringbone or zigzag). � is is on trend right now.

Textile Tips:1 Choose soft furnishings that will work in any room of your home, so that

when you’re ready to change up your décor you can swap pillows, throws, drapery, etc. from room to room.

2 If you’re just starting to re-decorate a room, a textile that you love is a great way to draw inspiration for the entire scheme. Pull the colours, lines, shapes and feel from the pattern on the fabric.

3 When selecting a fabric, keep its application in mind and consider these two important details:

›› DURABILITY Look at the rub count – if the textile you’re considering is for upholstery and a piece that will be used often, the higher rub count the better. If it’s for drapery, a lesser rub count is suitable. Also, fabric with a higher thread count means a tighter weave, which is key to having fabric maintain its shape over time.

›› CLEAN-ABILITY Fabrics made of natural fi bres will absorb stains much quicker than man-made fabrics, but they will clean up better. Fabrics made with man-made fi bres are typically soil-resistant but don’t clean up as well.

STYLE FILE CONTINUED…

• 1482to1695sqft(w/partialbasementdevelopment)• 3bedroom• Ninefootmainfloorandbasementceilings• Hardwood&ceramictileonmainfloor• Upgradedcarpetonsecondfloor• Granitecountertopsinthekitchen• Countertocabinet,tileback-splash• Stainlesssteelkitchenappliances• Largekitchenisland• Maplerailingwithironspindlesonmainfloor• Fibreopticoutlets• Keylessentrypad• Stonetileandstuccoexterior• Reardrivegarage

Live each moment

Starting at $349,950

no condo fees

www.thebrownstones.ca

now under construction VisittheBrownstonesSalesCentreat16 Sage Meadows Circle NWPhone:403.455.2280Email:[email protected]

NaturallyNaturally


780 Varsity Estates Drive NW, Calgary, Alberta, T3A 1W9

Visit Our Showroom:

Phone: (403)-286-8143 Web: www.grovesofvarsity.com

Contact Us:

VOTED

Best Calgary

community

northWESt

Condos in VarsityLive in Calgary’s most desirable and central neighbourhood.

• Award-winning 1 & 2 bedroom suites• Concrete & steel construction• Walk-up LRT access• Health club & fitness centre• Central air conditioning

insurance needs

Whether a first-time homebuyer or downsizing from a house, millions of Canadians are choosing to nest in smaller, more convenient and affordable condominiums. At first glance, condo life seems worry-free and this is the reason many prefer this real estate option. However, when purchasing a condo, many Canadians don’t consider the risks associated with non-insured damage to the unit. When purchasing a house, insurance is typically one of the first things accounted for when moving in. Unfortunately, insurance is often overlooked by condo owners, since most are unsure of what they are responsible for should any damage occur.

The following questions have been provided by insurer RSA to help new condo owners determine how much protection they have under their condo corporation’s insurance policy and what they need to be aware of. Ask your Realtor, lawyer or property manager the following questions for more clarity:01 What does the condo corporation’s insurance cover and, more

importantly, what doesn’t it cover?02 Does the corporation’s policy cover just the structure and common

areas of your building or complex, or more (such as damage to your unit’s walls)?

How to avoid biG ProbLems in

smaLL sPaces

03 If there is major damage to your building, is it possible that you would have to make an additional contribution to cover the deductible of the condo corporation’s insurance policy?

04 What is the deductible in the corporation’s insurance policy?

05 Are you responsible for the full cost of repairs to another condo, or the full deductible on the corporation’s policy if, for instance, your dishwasher leaked or your bathtub overflowed and damaged the unit below?

06 How is a “standard unit” defined by your condo corporation? Does it cover things like fixtures, ceilings and floors?

To find a broker who can explain the common types of condo insurance and what is right for you, visit the broker locator section at rsagroup.ca. NC


SOUTHEAST COMMUNITIES09 MONARCH

BY COVE PROPERTIES316 McKenzie Towne Gate SE

10 MCKENZIE TOWNE ELGINBY BROOKFIELD HOMES585 McKenzie Town Drive SE

11 CHALETS IN COPPERFIELDBY SABAL HOMES1797 Copperfield Blvd SE

12 INNOVATIONS BY JAYMAN CHAPARRAL VALLEY290 Chaparral Valley Drive SE

13 MOSAIC CRANSTONBY BROOKFIELD HOMES206 Cranford Drive SE

14 BOULEVARD TOWNESBY BIRCHWOOD116 Quarry Park Way SE

15 EDISONCOMING SOONBY AVI URBANaviurban.com

16 YORK 29BY TRICO HOMES120 New Brighton Landing SE

17 MOSAIC MIRAGEBY BROOKFIELD HOMESMcKenzie Towne-Coming Soon

18 AURA OF COPPERFIELDBY ALDEBARAN HOMES279 Copperfield Common

19 CHAMPAGNEBY REMINGTON DEVELOPMENTCORPORATIONQuarry Park Blvd SEremingtoncorp.com

20 CRANSTON PLACE CONDOSBY CARDEL LIFESTYLES302 Cranston Road SE

21 CRANSTON PLACE TOWNHOMESBY CARDEL LIFESTYLES302 Cranston Road SE

01 RIVERSIDE TOWNHOMES IN CHAPARRAL VALLEYBY CARDEL LIFESTYLES121 Chaparral Valley Drive SE

02 COPPERFIELD PARKBY BRAD REMINGTON HOMES279 Copperpond Common S.E.

03 AUBURN BAYBY BROOKFIELD HOMES174 Auburn Bay Blvd SE

04 MOSAIC LAKESIDEAUBURN BAYBY BROOKFIELD HOMES27 Auburn Bay Link SE

05 MINTBY JAYMAN MODUS130 New Brighton Way SEthatsmint.ca/live

06 ZENBY AVALON MASTER BUILDER3510 McKenzie Town Gate SE

07 PRESTWICK PLACEBY CARDEL LIFESTYLES115 Prestwick Villas SE

08 MOSAIC MOTIF IN NEW BRIGHTONBY BROOKFIELD HOMES317 New Brighton Villas SE

13

NOSEHILLPARK

FISH CREEK PARK


AIRPORTI

CROWCHILD TRAIL

JOHN LAURIE BLVD.

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MEMORIAL DRIVEMEMORIAL DRIVE

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SHAWNESSYBLVD.

GLENMORERESERVOIR

COUNTRY HILLS BLVD.

STONEY TRAIL

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COUNTRY HILLS BLVD.

SADDLETREE DR.

80 Ave

64 Ave64 Ave

32 Ave

17 Ave17 Ave

16 AVENUE16 AVENUE

68 S

TREE

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52 S

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36 S

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114 AVE SE

84 S

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CHAPARRAL

NEW BRIGHTON

ABURN BAY

COPPERFIELD

CRANSTON

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COPPERFIELD PARKLOVE IT. LIVE IT. AFFORD IT.

TWO BEDROOM CONDOS*

From the $140’s +GSTDELUXE TWO BEDROOM CONDOS*

From the $180’s +GST

www.copperfi eldpark.com403.723.0094

*Titled parking stall included.


CHBA–ALBERTAINDUSTRY LEADER

AWARDSRECOGNIZING ALBERTA

INDUSTRY LEADERS

At the Canadian Home Builders’ Association – Alberta Annual Conference the Industry

Leaders Awards were presented to a group of noteworthy volunteers. These

awards recognize leaders in the residential construction industry for their commitment

to make the industry better.

zz

zz

zz

zz

INDUSTRY LEADER AWARDSCHBA–ALBERTA

HALL OF FAME INDUCTEEAVI AMIR | HOMES BY AVI | CALGARY

CHBA – Alberta Hall of Fame inductions are not done every year because of the signi� cance of the honour. � is year’s inductee is Avi Amir of Calgary. Avi has been a passionate advocate for high standards, quality control, superior customer service, environmentally sound building practices and sustainable development. His leadership through volunteerism and industry involvement has ignited the interest of many members of his company to follow his example by contributing greatly to CHBA – Alberta, as well as local and the national associations.

RAY WATKINS | G3 DEVELOPMENTS | EDMONTON

� is major award is given to a general member who has demonstrated leadership and dedication for work at the provincial level. � is year’s recipient is Ray Watkins from G3 Developments in Edmonton. Ray is a strong contributor to discussions with provincial decision makers. His work has built a stronger relationship between UDI Alberta and CHBA – Alberta.

RAY WATKINS | G3 DEVELOPMENTS | EDMONTON

MAPLE LEAF AWARD

RUSSELL DAUK | ROHIT COMMUNITIES | EDMONTON

� is award is presented each year to a builder member who has done excellent service at the provincial level of our Association. Russell Dauk of Rohit Communities in Edmonton was this year’s recipient. Russell’s e� orts at advocacy for the home building and land development industry are absolutely tireless. His knowledge, attention to detail, dedication and desire to come up with solutions to the problems the industry faces each day make a strong impact on discussions with decision makers.

RUSSELL DAUK | ROHIT COMMUNITIES | EDMONTON

KLAUS SPRINGER AWARD

DEEP SHERGILL | PROMINENT HOMES | CALGARY

� is award is presented to a special person who has served the association for a number of years at the highest of levels and with the largest degree of success and commitment. It is the highest award that can be given at the provincial level. � is year’s recipient is Deep Shergill of Prominent Homes in Calgary. Deep is a dedicated volunteer contributing to the Association at the local, provincial and national levels. He brings enthusiasm, energy and new ideas to the table at every discussion.

DEEP SHERGILL | PROMINENT HOMES | CALGARY

GEORGE FRIESER AWARD

This award is presented to dedicated volunteers who have done significant work at the local and provincial levels of our Association.

AWARD OF HONOUR

JEREMY GOOK ANAKO CONSTRUCTION

LETHBRIDGE

GRANT AINSLEY GRANT AINSLEY INC

EDMONTON

DAN MOUNT & ANDREW THOMPSON PLY GEM

EDMONTON-CALGARYDan Mount accepting

JOEL MAYER DIRHAM HOMES

GRANDE PRAIRIE

KEN GORGICHUK OVERHEAD DOOR COMPANY

GRANDE PRAIRIE

LEN WALTERS COVENTRY HOMES

EDMONTONChris Amundson accepted on behalf of Len

zzGREG CHRISTENSON

CHRISTENSON DEVELOPMENTSEDMONTON

zzDEEP SHERGILL

PROMINENT HOMESCALGARY

These awards are presented to companies that set themselves apart by creating a culture of safety ensuring that their co-workers get home safely.

SAFETY LEADERSHIP AWARDS

PRESIDENTIAL AWARD OF HONOURThis special award is presented to a CHBA - Alberta member to recognize outstanding efforts that have served to assist the president during her term.

Large Employer Builder Member

LANDMARK GROUP OF BUILDERS EDMONTON

Large Employer General Member

LEE’S SHEET METAL GRANDE PRAIRIE

Brad Jones accepted on their behalf

Small Employer Builder Member

BROADVIEW HOMESCALGARY

Small Employer General Member

CARPET COLOUR CENTRE

RED DEER

2012 IS A BETTER YEAR THAN 2011 FOR CANADIANS’ pocketbooks. According to the second annual RBC Debt Poll, more Canadians have no personal (non-mortgage) debt this year (26 per cent, up from 22 per cent in 2011).

On average, Canadians carry $13,141 in personal debt, up $84 from a year ago, with Ontarians carrying the most debt ($15,361) and Quebecers the least ($10,171).

While four in 10 Canadians (40 per cent) describe themselves as “comfortable” with their current personal debt level (compared to 45 per cent in 2011), one-in-three Canadians (34 per cent) admit their debt level causes them anxiety (compared to 32 per cent in 2011).

“Many Canadians have some level of comfort with their personal debt, but the very personal nature of carrying debt can often stir up mixed emotions,” says Richard Goyder, vice-president of personal lending, RBC. “It’s encouraging that the results show more Canadians have become debt-free over the past year and that those who still have debt want to do more to reduce it.”

� e poll found that just over half of Canadians (51 per cent, compared to 49 per cent in 2011) say it is more important to pay down debt than save and invest for the future right now. Four in 10 (41 per cent, down from 44 per cent in 2011) place an equal importance on saving and investing, as well as paying down debt.

Meanwhile, a minority of Canadians (eight per cent) think now is the time to save and invest for the future, rather than pay down debt.

Similar to a year ago, caution around adding to their debt load has led some Canadians to delay or cancel purchases or plans, such as taking a vacation (26 per cent, compared to 24 per cent in 2011) and buying a big ticket item (19 per cent, compared to 20 per cent in 2011).

Also, like in last year’s poll, three-quarters of Canadians (76 per cent) feel they are in better shape regarding their personal debt than their friends and neighbours (compared to 75 per cent in 2011).

MORE CANADIANSare debt-free in 2012

DEBT POLL

McKENZIE TOWNE

52 STREET SE

BOULEVARD SE

DEER

FOO

T TRA

IL

McKENZIE TOWNE GATE SE

ZEN CG 2012-11.indd 1 01-11-12 12:22 PM46 NEW CONDO GUIDE | VOLUME 15 ISSUE 12 | www.homeTRADER.ca

130 New Brighton Way SEShowhome Hours: Mon-Thurs 2-8pm Sat/Sun 12-5pm403.984.4794

thatsmint.ca/movein

Move InBefore

Christmas!Brand New Design Style

From 1210 sq ft to 1662 sq ft • Double car garage (select models) 9’ ceilings • 2 1/2 bath • Stainless steel appliance package

3 models to choose from • Spice up your home with a choice of 4 great colour palettes for baseboards, flooring, and cabinets

Townhome LivingMaintained lawn mowing and tree pruning - community will

always remain presentable • Exterior maintenanceRoad & parking maintenance • Snow removal (including driveway)

Savings on home insurance up to $972/year

Year Round Community • A short walk to McKenzie Towne’s High Street

• Stores, schools, and recreational areas just minutes away. • 6500 sq ft New Brighton Recreational Club with

water park, tennis and volleyball courts and programs

2 & 3 bedroom townhomes130th Ave

Dee

rfoo

t Tra

il

Marquis of

Lorne Trail

McIvor Blvd

Copper�eld

McKenzieTowne Dr

52nd StMcKenzieTowne Blvd

N

with garage from $269,900+gst

only $1299*a month!

Get what you expect with a condo project built by Jay-man; 30 years of building experience, a great price, a well thought out location and the ability to tailor your unit with interior colour details. Experience Mint in New Brigh-ton and get everything Jayman offers.

Pre-Construction Pricing

that’s mint!

November Mint Condo Guide.indd 1 11/12/2012 9:37:52 AM

SHOW HOME HOURS:Mon-Thurs 2-7pmSat, Sun & Holidays 12-5pmClosed Fridays

Now Selling Phase 2

Sales Centre: Corner of Seton Blvd & Auburn Bay Link SE

Cheryl Donnelly | 403.616.2242 | www.stonecro� auburnbay.com | [email protected]

Auburn BayPremium Condo Living...Premium Locationwww.stonecroftauburnbay.com

Imagine unwinding in your impecibly designed and well thought out new home...

• 9’ Ceilings• In-Floor Heat• Underground Parking• Stainless Steel Appliances• Laminate Living Room Floors• Granite Kitchen Counter Tops• Beautiful Lake Community

REGISTER TODAY AT

STARTING AT $211,500 + GST

48

SHOW HOME HOURS:Mon-Thurs 12-5pmSat, Sun & Holidays 12-5pmClosed Fridays

Now Selling Phase 2

Hurry in – Over 70% Sold!

Sales Centre: Corner of 41st Ave. NE & 1st St. NE

Bob Carmichael | 403.250.6655 | www.stonecro� highlandpark.com | [email protected]

WWW.STONECROFT.AB.CA

Great investment with inner city location on the park. Bus to downtown.

www.stonecrofthighlandpark.com

• 9’ Ceilings• In-Floor Heat• Underground Parking• Stainless Steel Appliances• Laminate Living Room Floors• Granite Kitchen Counter Tops

finallyA Blend of Quality & Style

STARTING FROM THE LOW $200s + GST

Love WHERE YOU LIVE...

49

1st

St. N

E

Cen

tre

St N

40 Ave NE

MAKE DOWNPAYMENT WITH US OVER THE NEXT 8 MONTHS

+ GST

MAKE DOWNPAYMENT WITH US OVER THE NEXT 8 MONTHS

Across the street from downtown plus 15

Garrison Woods? The Bridges? Yaletown in Vancouver ring any bells? There is no fashionably late in real estate. With exciting changes to East Village, The River Walk and Calgary’s downtown core, Riverfront Pointe is at the centre of one of Canada’s hottest urban developments. Life is full of missed opportunities... don’t let this be one of them.

1 Street SE

3 Street SE

Centre Street S

4 Ave SE

3 Ave SE

2 Ave SE

5 Ave SE

Macleod Trail SE

Riverfront Ave SE

Memorial Drive NE

Main Floor-325 3rd St. SE. Phone: 403.228.5872

Show suite hours:

Mon. – Thurs. 12-6 pmSat. & Sun. 12-5 pm, Closed Fridays

Canadian Home Builders’

Association

Register at riverfrontpointe.ca

EAST VILLAGE RIVERFRONT

The only new condos available in East Village for the next 24 months

$300’sFROM the lOw

best valued suites in east village

FROM

ALBERTA’S TOP SELLING CONDO BUILDER

carlislegroup.ca

Upgrade to granite CoUntertops throUghoUt for only $595.

(ValUed at oVer $2200)

www.blanketltd.ca

COVEREDCAREwith

Visit our new discovery Centre at riverfront pointe, Main floor 325 3rd st. se Calgary.

“I’ve done the math and any monkey can see

this is the best value!”

$120’sCOndOs frOm tHe

CAlGARYINDIGO Sky AT SADDLERIDGE403.389.8144 • indigosky.ca

INDIGO Sky AT TARA LAkE403.389.8144 • indigosky.ca

RIVERfRONT POINTEEAST VILLAGE

403.228.5872 • riverfrontpointe.ca

VARSITy LANDING403.800.6056 • varistylanding.com

ENCORE AT kINCORA403.470.6286 • encorecondos.ca

edMOntOnELEmENTS AT mcCONAChIE

780.977.0616 • elementscondos.ca

RUThERfORD LANDING780.977.0616 • rutherfordlanding.ca

wALkER LAkE LANDING780.977.0616 • walkerlake.ca

COChRAneSTONECREEk LANDINGDOwNTOwN COChRANE

403.981.0276 • stonecreekcondos.ca

AiRdRieCREEkSIDE VILLAGEDOwNTOwN AIRDRIE

403.980.3334 • creeksidevillagecondos.ca

immediate pOssessiOns available

INVESTOR OPPORTUNITy – fANTASTIC RETURNfully furnished executive rental suites professionally managed by Premier Executive Suites

Prices shown do not include GST and are subject to change without notice. *Ask for details, based OAC. Rendering shown is an artist concept only, actual building details may vary.

asK abOut Our easY paYment plan

WHY rent WHen YOu Can OWn WitH paYments

frOm $245 bi-WeeKlY*

YOu QualifY WitH a HOuseHOld inCOme Of

$32,300

Current lOCatiOns

50

Across the street from downtown plus 15

Garrison Woods? The Bridges? Yaletown in Vancouver ring any bells? There is no fashionably late in real estate. With exciting changes to East Village, The River Walk and Calgary’s downtown core, Riverfront Pointe is at the centre of one of Canada’s hottest urban developments. Life is full of missed opportunities... don’t let this be one of them.

1 Street SE

3 Street SE

Centre Street S

4 Ave SE

3 Ave SE

2 Ave SE

5 Ave SE

Macleod Trail SE

Riverfront Ave SE

Memorial Drive NE

Main Floor-325 3rd St. SE. Phone: 403.228.5872

Show suite hours:

Mon. – Thurs. 12-6 pmSat. & Sun. 12-5 pm, Closed Fridays

Canadian Home Builders’

Association

Register at riverfrontpointe.ca

EAST VILLAGE RIVERFRONT

The only new condos available in East Village for the next 24 months

$300’sFROM the lOw

best valued suites in east village

FROM

ALBERTA’S TOP SELLING CONDO BUILDER

carlislegroup.ca

Upgrade to granite CoUntertops throUghoUt for only $595.

(ValUed at oVer $2200)

www.blanketltd.ca

COVEREDCAREwith

Visit our new discovery Centre at riverfront pointe, Main floor 325 3rd st. se Calgary.

“I’ve done the math and any monkey can see

this is the best value!”

$120’sCOndOs frOm tHe

CAlGARYINDIGO Sky AT SADDLERIDGE403.389.8144 • indigosky.ca

INDIGO Sky AT TARA LAkE403.389.8144 • indigosky.ca

RIVERfRONT POINTEEAST VILLAGE

403.228.5872 • riverfrontpointe.ca

VARSITy LANDING403.800.6056 • varistylanding.com

ENCORE AT kINCORA403.470.6286 • encorecondos.ca

edMOntOnELEmENTS AT mcCONAChIE

780.977.0616 • elementscondos.ca

RUThERfORD LANDING780.977.0616 • rutherfordlanding.ca

wALkER LAkE LANDING780.977.0616 • walkerlake.ca

COChRAneSTONECREEk LANDINGDOwNTOwN COChRANE

403.981.0276 • stonecreekcondos.ca

AiRdRieCREEkSIDE VILLAGEDOwNTOwN AIRDRIE

403.980.3334 • creeksidevillagecondos.ca

immediate pOssessiOns available

INVESTOR OPPORTUNITy – fANTASTIC RETURNfully furnished executive rental suites professionally managed by Premier Executive Suites

Prices shown do not include GST and are subject to change without notice. *Ask for details, based OAC. Rendering shown is an artist concept only, actual building details may vary.

asK abOut Our easY paYment plan

WHY rent WHen YOu Can OWn WitH paYments

frOm $245 bi-WeeKlY*

YOu QualifY WitH a HOuseHOld inCOme Of

$32,300

Current lOCatiOns

51

Most of you would agree that meeting the love of your life is a monumental event.

From observing my clients over the last 30 years, I’d argue that falling in love with a home runs a close second. Walking into a new home or model and feeling your pulse quicken is a magical sensation. When you feel a strong personal connection with a certain place, you won’t sleep until it’s yours.

ASSEMBLING YOUR HOMEBUYING TEAM

Marnie Bennett is a broker and the team leader of Bennett Property Shop

Realty, a full premium-service five-star real estate brokerage

specializing in marketing and selling new and resale homes, condos and

investment real estate. Marnie is the host of the weekly radio shows, The

Real Estate Hour and Business Class, a millionaire real estate investor and a

real estate wealth management coach. bennettpros.com

HOME SMARTS // BY MARNIE BENNETT

When personal becomes

professional

It may seem strange that such a personal experience involves working with so many other people

It may seem strange that such a personal experience involves workingwith so many other people. But when you’re making the biggest fi nancial investment of your life, it’s always wise to depend on the advice and expertise of professionals. Depending on your personal circumstances, you may consider consulting with a few key players.›› Mortgage specialist Ideally, you will have met with a mortgage broker, bank

or lending institution prior to beginning your home hunt. Understanding how much money you have to work with is an excellent fi rst step to narrowing your search, and obtaining a pre-approved mortgage can save both time and grief in the long run.

›› Realtor While it’s possible to purchase a new home without the assistance of a Realtor, there are several benefi ts – and no drawbacks – to having a real estate professional in your court. Realtors understand the market and can provide terrifi c insights on neighbourhoods, investment values and negotiating with a builder. Best of all, there’s no cost associated with hiring a Realtor to purchase a home.

›› Real estate lawyer � is is an absolute must. A good lawyer will walk you through the paperwork, explain fees and protect you from real estate fraud.

›› Home inspector Because new homes in Ontario are covered under by Tarion Warranty Corp., and because a pre-delivery inspection with the builder is part of the new-home buying process, many purchasers of new homes choose not to hire a home inspector. However, I often encourage my clients to spend the few hundred dollars it costs to ensure that their new home has been built to code.

Most homebuyers are smart cookies. But, in matters of love, the heartrules the head. � at’s why, when it comes to buying a home, it pays to have professionals do some of the thinking for you.


homebuyers’ help

Condo Buyers’ resource sectionYou love the condo, see what You can afford!

Compare mortgage rates for your best deal

Calculate your mortgage payments using the mortgage payment calculation chart

TOTALPRE-TAX INCOME

MONTHLYPRE-TAX INCOME

SPOUSE’S PRE-TAXINCOME

AMOUNTOF MORTGAGE

(PRICE-DOWN PAYMENT)

DIVIDE BY THREE

AFFORDABLE MONTHLYPAYMENTS

AMORTIZATION AMOUNT

CHART FIGURE

AMOUNTOF MORTGAGE

DIVIDED BY 1,000

AMORTIZATION AMOUNT

MONTHLY PAYMENTS

ESTIMATEDMONTHLY TAXES

AND HEAT

5.00% 18.84 10.58 7.88 6.57 5.81

5.25% 18.96 10.70 8.00 6.70 5.95

5.50% 19.07 10.82 8.13 6.84 6.10

5.75% 19.18 10.94 8.26 6.98 6.25

6.00% 19.29 11.06 8.39 7.12 6.39

6.25% 19.41 11.18 8.53 7.26 6.54

6.50% 19.52 11.31 8.66 7.40 6.69

6.75% 19.63 11.43 8.79 7.54 6.85

7.00% 19.75 11.55 8.93 7.69 7.00

7.25% 19.86 11.68 9.06 7.83 7.15

7.50% 19.98 11.81 9.20 7.98 7.31

7.75% 20.09 11.93 9.34 8.13 7.47

8.00% 20.21 12.06 9.48 8.28 7.63

8.25% 20.32 12.19 9.62 8.43 7.79

YOU LOVE THE CONDO, SEE WHAT YOU CAN AFFORD!

AMORTIZATION PERIODS

INTERESTRATES

5YEARS

10YEARS

15YEARS

20YEARS

25YEARS

% CALCULATE YOUR MORTGAGE PAYMENTS

01Calculate the combined monthly before-tax income

of you and your spouse.

02Divide by three. This figure is the monthly payment you can

afford to make on your condo.

03Take 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.

04Refer to the chart on the opposite page. Look down the

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

05Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06Add to this your estimated monthly heating costs and

monthly property taxes.

07If 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.

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 canafford is to go to the lending institutionof your choice and get pre-qualified.

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

HOMEBUYERS’ HELP


COMPARE MORTGAGE RATES FOR YOUR BEST DEAL 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:

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.

AGF Trust - 4.650 3.040 3.200 3.240 3.340 3.490Bank of Montreal 3.100 4.000 3.100 3.140 3.700 4.640 5.240Bank of Nova Scotia 3.100 4.550 3.650 3.890 3.990 4.390 4.990Bridgewater Bank - - 3.240 3.390 3.250 3.570 3.250CIBC Mortgages 3.200 4.450 3.100 3.290 3.700 4.390 5.240Canadian Western Bank 3.200 4.000 3.100 3.140 3.700 4.640 5.240Equitable Trust - - 3.100 3.140 3.700 4.640 5.240First Calgary Financial - 4.000 2.390 3.140 2.990 3.290 3.290First National Financial 3.000 3.950 2.740 2.690 2.890 3.150 3.190FirstOntario Credit Un. 2.790 4.240 3.090 3.190 3.240 3.290 3.240HSBC Bank Canada 3.100 4.450 3.600 3.950 4.450 4.990 5.240ING Direct 3.000 - 3.250 3.250 3.250 3.250 3.190Investors Group Trust 3.000 4.000 3.100 3.140 3.700 4.640 5.240Manulife Bank 3.000 4.450 3.000 3.100 3.150 3.150 2.950Manulife Trust - 4.450 3.000 3.100 3.150 3.150 2.950Meridian Credit Union 2.850 4.450 3.100 3.140 3.700 3.400 3.280National Bank 3.200 4.000 3.100 3.140 3.700 4.640 5.240Peace Hills Trust - 4.500 3.100 3.350 3.700 3.850 3.950President’s Choice Fin’l 3.100 6.040 3.140 3.200 3.240 3.300 3.340Servus Credit Union - 4.000 3.100 3.140 3.700 4.390 5.240T-D Mortgage 3.200 4.000 3.000 3.140 3.700 4.640 5.240

This information is current as of November 9, 2012 and is subject to change without notice.


Condo hunter’s checklist When 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:

2-storey detached highrise conversion bungalow townhome

Sq. Footage:

# 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. Footage:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. Footage:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

Project & address:

Salesperson:

Phone:

Developer/builder:

Type:


Sq. Footage:

# of bedrooms:

# of bathrooms:


Options:

Parking facilities:

Special incentives:

Price:

Down payment:

Condo fees:


Other comments:

homebuyers’ help


Index of advertIsers read more about our advertisers!

Arrive Partners Development Group 21

Auburn Bay Stonecroft Developments 48

The Block Avi Urban 26-27

Bridlecrest Point Carlisle Group 50-51

Brownstones Genesis Builders Group 38

Champagne Remington Development Corp. 2

Chestermere Townhomes Slokker Canada West Inc. 18

Concept Jayman Modus 32

Copperfield Park Brad Remington Homes 60

Cougar Landing Statesman 22

Coventry Station Hunter Developments 19

Cranston Place Cardel Lifestyles 3

Creekside Village Carlisle Group 50-51

Drake Grosvenor 17

Edison Avi Urban 26-29

Einstein Providence Developments 25

Emerald Sky Carlisle Group 50-51

First FRAM 12

Galleries Renfrew Assured Developments 15

Groves of Varsity Statesman 39

Harvest Mosaic Brookfield Homes 59

Highland Park Stonecroft Developments 49

Indigo Sky Carlisle Group 50-51

Mark on 10th Qualex 1, 9-11

Mint Jayman Modus 47

Pixel Battistella 15

Prospect Rise Avi Urban 26-27

Riverfront Pointe Carlisle Group 50-51

Riverside Cardel Lifestyles 23

Sage.stone Greenview Developments 34

Sawyer Avi Urban 26-29

Silverado Slokker Canada West Inc. 55

Sonoma Vertical Properties 4

Stone Creek Landing Carlisle Group 50-51

Swan Landing Swan Group 37

Taralake Slokker Canada West Inc. 18

Varsity Landing Carlisle Group 50-51

Victoria Cross Avi Urban 26-27

The Villas of Swan Landing Swan Group 45

Waterfront Anthem Properties 5

Zen – McKenzie Towne Avalon Master Builder 46

streetside developments Pullout InsertEvanston Square, Red Haus (NW) Hunter House (SW) Kintalla at Redstone (NE) PennCross (Okotoks) The Edge (Airdrie)


059-Brookfield-Cranston 11-16-12.indd 59 11/9/12 1:33:12 PM

copperfield parklove it. live it. afford it.

TWo BedrooM coNdoSfroM THe $140’s +GST

delUXe TWo BedrooM coNdoSfroM THe $180’s +GST

TWo BedrooM coNdoSfroM THe +GST

delUXe TWo BedrooM coNdoSfroM THe +GST

279 Copperpond Common Se

403.723.00942:00-8:00pm Monday-thursday12:00-5:00pm Sat-Sun/Holidays

www.copperfieldpark.com

www.copperfieldpark.com403-257-0271

SCAN IT!

52 St SE

McIvor Blvd

SE

22X

Copperfield

New Brighton

Two Bedroom Condos from the

$140’s + GST

Map iT!

fiNal pHaSelaunching december 1

060-Copperfield 11-16-12.indd 60 11/9/12 3:57:40 PM

calgary new condo guide - november 16, 2012

Documents

issue condo insurance

thluxury condo

issue welcome

new projects

new year

southwest calgary

calgary edition

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