calgary new home guide - jun 20, 2014

inside this issue

BRIDGE FINANCING: WHAT ISIT AND HOW CAN IT HELP?

GUIDING BUYERS THROUGHTHE CONSTRUCTION PHASE

CALGARY: CANADA’S ULTIMATE SPORTS CITY

Jun 20 - Jul 18, 2014 Volume 17 Issue 7

001-NHCAL CVR_06-20-14_TL.indd 1 6/12/14 3:20:58 PM

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03

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IN EVERY ISSUE

8 Editor’s note

COLUMNISTS

16 Fundamentally Speaking Learning about mortgages proves to be time well spent by Wayne Karl

18 Mortgage Advice Bridge financing: what is it and how can it help you? by Alyssa Richard

20 Insight Outdoor enjoyment by Brad Jackman

24 Calgaryism Calgary – Canada’s ultimate sports city by Cody Battershill

46 Mortgage Mogul Do you know how you rate? by Jason Eldridge

50 The Homebuying Process Helping new-home buyers through the construction process by Donna Moore

IN THE NEWS

15 Mortgages Canadians lacking in mortgage literacy: survey

26 Parks Foundation Calgary Celebrates near completion of phase two of Rotary/Mattamy Greenway

29 Homes by Avi brings its popular semis back to community of Walden

HOMEBUYERS’ HELP

22 Tips and Tricks Spend versus save by Sara Duck

40 Community Profile Shane Homes’ Fiesta II in Hillcrest popular with buyers by Heather Ryan

44 Insurance Needs & Options Do you need mortgage loan insurance?

47 Homebuyers’ Resource Section Mortgage calculator and rate table

contentsJUNE 20 - JULY 18, 2014 || VOLUME 17 ISSUE 7

ON THE COVER

p. 10GENESIS BUILDERS

GROUPVersatile plan proves popular

with buyers in Sherwood

PRESIDENT, WALL2WALL MEDIA

Jacqueline HillEDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan LeggeDIRECTOR OF SALES, NATIONAL

Josh Heppner SENIOR SALES MANAGER, WESTERN CANADA

Edwin RizarriART DIRECTOR

Tammy Leung

EDITOR

Wayne Karl CONTRIBUTING EDITORS

Sara Duck Elisa Krovblit Lydia McNutt

Melanie Gowans Senior Media Consultant

403.200.8462Follow me on twitter @melgowansLike us on facebook; facebook/CalgaryNHG

PRODUCTION CO-ORDINATOR

Greg Van SluytmanGRAPHIC DESIGNERS

Mihail TerentievMANAGER OF PRODUCTION

Bala GnanapandithanNATIONAL ACCOUNT MANAGER, MEDIATIVE

Paul Slizys FOR ADVERTISING INQUIRIES PLEASE CONTACT:

403.200.8462FOR NATIONAL ADVERTISING INQUIRIES CALL:

416.263.6783

Calgary’s New Home Guide is published 13 times per year. We are located at 2891 Sunridge Way NE Calgary, AB T1Y 7K7. Phone: 587.226.1313. The magazine is free to the public.

COPYRIGHT 2014 All rights reserved by New Home Guide, Toronto, Ontario, Canada. Reproduction in any form is prohibited. Contents of this publication are covered by Copyright and offenders will be prosecuted under the law. The views and data expressed by columnists do not necessarily represent those of the publication.Wall2Wall Media is a trademark of Yellow Pages Group Co. in Canada.

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

EDITORIAL Submissions from interested parties will be considered. Please submit to the editor at [email protected].

district maps

13 Northwest

19 Southwest

23 Northeast

25 Okotoks

27 Southeast

35 Calgary region east

37 Cochrane

39 Airdrie

45 Calgary region south

Published By20

29

22

We and other industry sources in New Home Guide have been writing

more and more recently about Development Charges, trying to bring attention to this increasingly important topic – and what buyers might be able to do about it. DCs are the fees applied by various levels of government when homes are built, to pay for new roads, transit and other infrastructure.

Now, we’re happy to report, home builders are getting creative, looking for ways to give buyers a break on rising new home costs. In one example in Toronto, Edilcan Development Corp., found a way to freeze DCs at 2013 levels at one its

How is your builder handling DCs?Home builders getting creative to give buyers a break on rising Development Charges

Get it in writingAnd have your lawyer review your agreement

Buying a brand-new home offers you an opportunity to customize it to your liking. It can be a

dream come true and an investment for the future – but don’t forget, it’s also legal transaction.

The term “get it in writing” has never been more important in the case of the new-home purchase, since such a document outlines everything your home will have in it, on it and around it. Otherwise known as the Agreement of Purchase and Sale, the contract spells out the terms and conditions between you and your builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was agreed upon.

Since building a home is much more complicated than a resale transaction where the unit and/or property likely already exists, there is

//EDITOR’S NOTE

SUSAN LEGGE EDITOR-IN-CHIEF Wall2Wall Media [email protected]

Follow me on Twitter at Twitter.com/SusanLegge

WAYNE KARL EDITOR Wall2Wall [email protected]

Follow me on Twitter at Twitter.com/WayneKarl

no set Agreement of Purchase and Sale or standard contract for buying a new home. In some provinces, builders may have standard contracts prepared by the local home builders’ association or their new-home warranty program. Builders often prepare their own agreements, so contracts can vary from one builder/developer to another and from province to province.

Before you sign a contract, review it carefully with the builder and ask questions to make sure you fully understand what it contains. Your next step is to then take it to a real estate lawyer and have it reviewed. Once it is signed, it becomes a legal document and an agreed-upon contract, so seeking the services of an experienced real estate lawyer is an important step toward ensuring that your dream home becomes a reality.

projects – a master-planned community that involves townhomes and three condominium towers.

We don’t expect that all home builders will be able to � nd similarly innovative solutions, but the initiative is a shining example of what can be done – while home builder associations across the country lobby government on behalf of new-home buyers.

Given that these rising fees are almost always transferred right on to you, the new-home buyer – along with your associated mortgage costs – such creative e� orts should be applauded.

As you’re out there scouting about for your new home, ask your builder how it is handling DCs, and if there are any opportunities to save.

08 NEW HOME GUIDE | JUN 20 - JUL 18, 2014

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//COVER STORY

“What makes this home stand out is it offers an ensuite bathroom in the fourth bathroom – a feature you usually only see in more expensive homes,” he says.

“The plan also offers several options allowing you to choose the design that suits your family’s needs,” Levy says, for example, the showhome has a smaller loft to accommodate the fourth bedroom and ensuite, but you can also have a three-bedroom layout with a large bonus room, a fourth bedroom without an ensuite and a smaller bonus room with a computer nook.

The Bentleigh opens to a bright entry providing sufficient space to accommodate a large bench or hall table. The hardwood floor and soft colours give the home a warm, welcoming feel.

Just off the entry is a front living room, with the option to close it off if you want to create a private office or den. Down the hall from the living room are a convenient half-bath and a large mud room off the garage.

» by HEATHER RYAN

A home that provides flexibility and substantial space for growing and extended families is proving popular with new-home buyers in the northwest community

of Sherwood.The Bentleigh, crafted by the Genesis Builders Group, a

2,213-sq.-ft. two-storey showhome with a front-attached garage, “is a big seller for us,” says area manager Harry Levy.

“People really love this plan, which has four bedrooms and three full bathrooms upstairs because it’s ideal for families who have lots of kids, older kids or have extended family or even a nanny living with them,” Levy says. “It provides everyone with their own space.”

GENESIS’

versatile plan proves popular with buyers

in Sherwood


GENESIS BUILDERS GROUP | Bentleigh

Heading to the rear of the home, a large opening to the right leads to a flex room designed in the showhome as a classy formal dining room, providing an intimate space for hosting friends and family.

Across from it, the kitchen serves up an eye-catching granite-topped island, which provides substantial space for food prep and food service, as well as a large eating bar. The kitchen also features stainless steel appliances, 42-in. cabinets topped with risers to the ceiling, a corner pantry and a full-height tile backsplash.

Adjacent to the kitchen is a bumped-out dining nook with a door to the rear deck, and across the way is an inviting family room highlighted by a stunning wall-centred fireplace surrounded in mosaic stone from floor-to-ceiling for a dynamic look.

“People really like having a separate family room and living room on the main floor. We can open the flex room to make it feel bigger or close it off to create an office space,” Levy says.

Upstairs, the homebuyers will adore their master bedroom that provides generous space to accommodate king sized furniture without feeling cramped, a luxurious ensuite featuring dual sinks, soaker tub and oversized walk-in shower and a separate walk-in closet that connects through to the second-floor laundry room.

There are two secondary bedrooms, a full bathroom with dual sinks and a comfortable loft that is great for

entertaining. And, of course, there is the fourth bedroom with its own ensuite.

The Bentleigh is one of 10 different models being crafted by Genesis in Sherwood that range from 1,720 to 2,661 sq. ft. Genesis is currently building in Phase 3 and just released 21 lots with possibility of walkouts. “We have a few lots remaining that back onto greenspace,” Levy says.

For more information on Genesis’ models and lots in Sherwood, visit the newly renovated sales centre and The Bentleigh showhome at 21 Sherwood Gate, N.W., open Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m., call 403.453.1964 or visit genesisbuilds.com

“�What�makes�this�home�stand�out�is�it�offers�an�ensuite�bathroom�in�the�fourth�bathroom�–�a�feature�you�usually�only�see�in�more�expensive�homes”

JUN 20 - JUL 18, 2014 | NEW HOME GUIDE 11

OLD WORLD TRADITIONS. MODERN LIVING. Set amid the rolling hills of Calgary’s northwest, Nolan Hill recalls British Isles character of days gone by – right down to the castle-ruin entry features. Yet with abundant park space and nearby shopping, schools and recreation, Nolan Hill offers a modern, family-friendly lifestyle that combines the best of both worlds – old and new.

Find your place in Calgary’s Northwest. Take Sarcee Trail 1 km north from Stoney Trail and follow the signs. Visit NOLANHILLSHOWHOMES.COM for builder information, lot maps and directions.

townhomec o l l e c t i o n

from the $300s

laned homec o l l e c t i o n

from the $350s

front garagec o l l e c t i o n

from the $450s

estate stylec o l l e c t i o n

from the $600s

down to the castle-ruin entry features. Yet with abundant park space and nearby shopping, schools and recreation, Nolan Hill offers a modern, family-friendly lifestyle that combines the best of both worlds – old and new.

townhome

HOMES BY AVI | MORRISON HOMES | SHANE HOMES

STERLING HOMES | TRICO HOMES | JAYMAN MODUS | AVI URBAN

10 SAGE MEADOWS DEVELOPER: Genesis Land Development Corp.BUILDERS: Genesis Builders Group, Passion Homes, Reid Built Homes, Today’s Homes www.genesisbuildersgroup.com

11 VALLEY POINTE ESTATESDEVELOPER: MelcorBUILDERS: Shane Homes, Reid Built Homes, Landmark Homes, Homes by Avi

12 BEARSPAW WILLOW CREEKBUILDERS: Astoria Custom Homes, Hyatt Homes, Laratta Homes, Mckinley Masters Custom Homes

13 WATERMARK AT BEARSPAWDEVELOPER: Macdonald Development CorporationBUILDERS: Astoria Homes; Albi Homes, Trickle Creek Homes, Wolf Custom Homeswww.watermarkatbearspaw.com

14 EVANSRIDGEDEVELOPER: Dundee DevelopmentsBUILDERS: DS Homes, Homes by Avi, Genesis Builders Group, Landmark Homes, Morrison Homes, Innovations by Jayman, Westview Builders, Stepper Custom Homes, Calbridge Homes, Excel Homes

15 ROCK LAKE ESTATESDEVELOPER: Decker ManagementBUILDERS: Ashton Custom Homes, Crystal Creek Homes, Lupi Luxury Homes

17 SHERWOODDEVELOPER: MelcorBUILDERS: Shane Homes, Homes by Avi, Genesis Builders Group

18 MOUNT PLEASANTBUILDER: Landmark Homeswww.landmarkgroup.ca

01 PANORAMA HILLSDEVELOPER: GenstarBUILDERS: Homes by Avi, Cardel Homes, Landmark, Excel Homes, Arcuri Homes

02 ROYAL OAKDEVELOPER: Birchwood PropertiesBUILDERS: Birchwood Properties

03 EVANSTONDEVELOPER: QualicoBUILDERS: Broadview, NuVista, Trico Homes, Pacesetter Homes, Sterling Homes, Jayman MasterBUILT

04 SAGE HILLBUILDERS: Excel Homess, Trico Homes, Morrison Homes, Discovery Homes, Baywest Homes,Homes by Avi

05 NOLAN HILLDEVELOPER: United CommunitiesBUILDERS: Homes by Avi, Morrison Homes, Shane Homes, Sterling Homes, Today’s Homes, Trico Homes, Creations by Shane Homes, Jager Homes www.nolanhillunited.com

06 BEACON HEIGHTSDEVELOPER: Intergulf Cidex BUILDER: Trico Homes, Intergulf Cidex

08 KINCORA DEVELOPER: MelcorBUILDER: Excel Homes

09 EVANSVIEWDEVELOPER: GenstarBUILDERS: Cardel Homes, Acuri Homes

›› NORTHWESTCOMMUNITIES

NOTE: Map is just a graphic representation of areas of developments.See ad of a particular project for more details.

BOW TRAIL

PAN

OR

AM

A R

OA

D

COUNTRY HILLS BLVD.

CROWCHILD TRAIL

16 AVENUE

16 AVENUE

64 AV

CEN

TRE

STR

EET

14 S

TREE

T

JOHN LAURIE BLVD.

17 AVENUE

ROC

KY

RID

GE

ROA

D

12 C

OU

LEE

MIL

E RO

AD

17 AVENUE

85 S

TREE

T

69 S

TREE

T

37 S

TREE

T

SAR

CEE

TR

AIL

OLD BANFF COACH ROAD

S T

ONE

Y TR

AIL

NO

SE H

ILL

DR

IVE

SHAG

ANN

API

TRA

IL

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KY RIDGE

BLVD

COUNTRY HILLS BLVD.

AIL

SARCEE TR

AIL

BEDDINGTON

HARV

EST

HIL

LSSYM

ONS VALLEY ROAD

SHAGANAPPI TRAIL

128 AVE.

144 AVE. NW

SARC

EE T

RAIL

O

NOSE HILL PARK

STONEY TRAILST

ONE

Y TR

AIL

BEAR

SPAW

RO

AD

WO

ODL

AND

ROAD

HWY 1A

north

Showhomes: 1228 Sherwood Blvd.

Tuscany Hillside Estates

Developer: Carma

7

Builders: Landmark Homes | Albi Homes

CityLife

Developer: Birchwood Properties

Milano9 11

Builders: Birchwood PropertiesBuilders: Trico Homes

Sherwood

Developer: Genesis Development Corp.

5

Builders: Majestic Homes

Showhomes: Sherwood Crescent NW

Showhomes: Tuscany Estates Rise NW Showhomes: 2003 20th Ave. Showhomes: 99 Panatella Hill NW

Beacon Heights

Developer: Intergulf Cidex

6

Builders: Trico Homes/Intergulf Cidex

Kincora

Developer: Genesis Land Development Corp. | Apex Developments

Hanson Ranch

Developer: Cedarglen Homes | Cardel Homes

8 10

Builders: Evolution Homes | Majestic Homes | Excel Homes | Centrex Homes

Builders: Genstar

Showhomes: 115 Kinkora Glen Rd. NW Showhomes: Hidden Creek Blvd. NW

1

4

2

6

5

3

8

NOTE: Map is just a graphic representati on of areas of developments. See ad of a parti cular project for more details.

910

11

12

13

18

14

1517


disconnect from the everyday With 46 acres of parkland, connected by 5 kilometres of paved pathways, Watermark at Bearspaw

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Custom and Quick Possession Homes starting at $1.2 Million. LoseYourselfInWatermark.com

is a community built for savouring the moments that really matter. Named Canada’s best community, two years in a row – Watermark features estate lots from one quarter to one acre and unparalleled

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ASK AN EXPERT: by HEATHER RYAN

Q & A

What to consider before you start an outdoor project

ask an expert by HeatHer rYan

Q: We purchased a new home and want to know what we should be aware of when beginning our outdoor projects?A: “Grading is the most important thing to be aware of when doing any project,” says Ron Heggs, director of special projects for Shane Homes. “Before starting any work in your new yard you need to first get a grading certificate. You normally get this certificate from your builder once the grading and loaming of the property is completed.

“It’s important that you maintain the grade once you get the certificate and start your project,” Heggs says. “It doesn’t take much to go from a foot to four inches of slop, so you really need to be aware of what you’re doing when prepping your lawn or putting in shrub beds. You want to make sure what you’re doing doesn’t interfere with how the water will drain from your property and that it doesn’t affect your neighbour’s property.”

As well, Heggs says, there is going to be some settlement of the yard, especially if the home was built in the winter, and there is settlement even after the grading and loaming, so he suggests waiting a few months before you start any project.

When planning your backyard projects, start with a deck

or a gazebo, he says. And, check building codes and bylaws and obtain the necessary permits before you start.

After the deck, prepare the yard for shrub beds. Many homeowners put flower beds up against the house, however, Heggs cautions against placing those against the foundation wall if they need a lot of water because that water could potentially seep into the basement.

He suggests putting gardens against the fence and garage. However, if you have a fence against a drainage swale in your backyard, avoid putting gardens all along it. “You can do some corner beds, but leave room for the water to drain into the swale.”

If you’re planting trees, think about how big they will get; you don’t want them hitting the house, deck or fence in years to come.

Heggs recommends bringing in the materials you’ll need for the lawn and shrub beds, before building the fence that way no one is walking on a newly sodded or seeded lawn to build something.

Also, before starting any project locate all utilities and know the location of your property line.

Q&a//ask an expert


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//IN THE NEWS

The majority of Canadian adults (61 per cent) don’t know what options are available to them if they can’t pay their mortgage, according to a survey of 1,500 Canadians by Lawyers’ Professional Indemnity Company (LAWPRO). Another key finding – 79 per cent of Canadians currently own or have considered purchasing property – paints the picture of a nation that values homeownership, but lacks the mortgage literacy necessary to safeguard their biggest asset.

“Arming yourself with knowledge is key,” says Ray Leclair, vice-president at LawPRO. “If you’re experiencing financial difficulties, you don’t have to go to your lender alone and unprepared. Speaking with a lawyer is an investment in learning your rights and obligations regarding a mortgage you can’t pay. An experienced real estate lawyer can also help you find solutions and strategize how to protect your most significant asset.”

The survey findings were particularly alarming for the 18- to 34-year-old age group, as almost three quarters (74 per cent) of Canadians in this group don’t understand their options if they can’t make a payment.

Understanding mortgage terms and options is more important than ever. Economic and employment concerns mean that income and mortgage payments can be less secure.

There may be a number of solutions available if you are having difficulty meeting your mortgage payments, or expect to miss payments in the future:» Restructuring your payments» Refinancing with your lender or another lender» Working out an agreement to make forward payments despite missed payments in the past» Reviewing revenue possibilities from the property» Selling your home on your terms» Reaching out to friends/family for a loan

A lawyer can provide valuable advice and insight as you consider your options. For example, if parents, other family members or friends offer to help meet your payments via a loan or gift, a lawyer can develop agreements to clarify whether the funds represent an ownership interest, or set the terms of repayment.

“If you’re behind on your mortgage payments, other priority payments associated with the property, such as taxes, condominium fees and utility bills may also be affected,” adds Leclair.

Canadians lacking in mortgage literacy: survey


//FUNDAMENTALLY SPEAKING

WAYNE KARL is an award-winning

writer and editor with experience in real

estate and business. In Fundamentally

Speaking, Wayne explores the basics – such as

economic fundamentals – you need to examine

when buying property. He can be reached at

[email protected] or follow him on Twitter

at Twitter.com/WayneKarl

» by WAYNE KARL

Mortgage essentialsIt’s a hot topic in a changing landscape, so learning as much as you can is time well spent

payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your � nances can accommodate rate � uctuations or other unforeseen circumstances.

� e mortgage market is a complex beast, and as a prospec-tive homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your � nances in order, searching potential neighbourhoods, choosing a home and selecting interior � nishings.

But just as important is to also spend as much time as necessary to � nd a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team

– now more than ever. It will prove to be time well spent.

Mortgage interest rates, still at historical lows and expected to remain so until later this year and maybe even into 2015, represent a window of opportunity for those looking to buy a home.

� e Bank of Canada, in its latest rate announcement on June 4, once again held its in� uential overnight target rate at one per cent – where it has been since September 2010.

Indeed, the mortgage industry remains ultra-competitive, lenders often introduce new products and otherwise there are plenty of options for borrowers.

If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage.

Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of your home purchase. For example, there has been some talk recently about cooling prices and softening sales. But even if that were to happen in your market and housing type, ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuy-ing mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities.

Low rates notwithstanding, the banks, � nancial � rms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down


//mortgage advice

» by alyssa richard

It’s unlikely that the first home you buy will be the one you stay in forever. At some point, you’ll want to sell and buy a new home – either to upsize, downsize or move to a new location. And when you find yourself in that situation, there’s a good chance you’ll be relying on the equity from your existing home to help you purchase your next one.

Unfortunately, you could get stuck in a situation where the closing date for your new home is before the closing date of the home you’re selling, which leaves your down payment tied up in equity. Mortgage brokers estimate that 20 to 30 per cent of Canadian homeowners find themselves in this situation; if you’re one of them, bridge financing is the tool that can help you out of it.

How does a bridge loan work? Well, let’s say the closing date for the home you’re buying is 40 days before the closing

date for the home you’re selling. A bridge loan is simply a loan for the amount of equity you want to take from your existing home that covers you for those 40 days. Bridge loans are automatically repaid when your sale goes through and your equity is put against the mortgage on your new home.

Because bridge financing is so common, all of the big banks offer it to their mortgage customers. (Note that some smaller lenders and credit unions do not.) Most lenders are comfortable lending up to $200,000 for as many as 120 days. If you require a larger loan or an extended period of time, you may need to hire a real estate lawyer, which makes the financing process more expensive, as legal fees will be involved.

Of course, as much as a bridge loan is meant to help you out with your home purchase, it is still subject to interest – often at a rate similar to an open mortgage or a personal line of credit (such as Prime plus two or three per cent). The interest rate may seem high, but remember it’s only charged for a short period of time, before the equity from your first home will be available to repay the loan. Your lender may also charge a flat administration fee in the range of $200 to $500.

To qualify for a bridge loan, all you need is a copy of the Sale Agreement from your existing home and the Purchase Agreement for your new home. Oh, and firm closing dates on both properties – without them, you may need to get a bridge loan from a private lender, who will charge you a much higher interest rate than what one of the big banks would. Good luck!

alyssa richard is the Founder and CEO of ratehub.ca, a mortgage

rate comparison site that aims to empower

Canadians to make smart financial decisions.

Bridge financing – what is it and how can it help you?

To qualify for a bridge loan, all you need is a copy of the Sale Agreement from your existing home and the Purchase Agreement for your new home.

18 New home Guide | jun 20 - jul 18, 2014

02 CURRIE BARRACKS BUILDERS: Birchwood Properties, Crystal Creek Homes, Home by Avi, Empire Custom Homes, Mission Homes, Greenboro Estate Homes, Greenboro Luxury Homes, Evolution by Greenboro, and Avi Urban

05 SPRING VALLEYDEVELOPER: Legend Developments

06 CRESTMONTDEVELOPER: Qualico BUILDERS: Augusta Fine Homes, NuVista Homes

07 PASKAPOO IN COUGAR RIDGE DEVELOPER: Apex DevelopmentsBUILDERS: Excel Homeswww.paskapooatcougarridge.com

10 ELMONT BAYBUILDERS: Westview Builders, Winwood Homes www.elmontbay.com

12 DRESSAGE IN SILVERADODEVELOPER: Qualico CommunitiesBUILDERS: Baywest Homes, Augusta Homes

13 WESTLAND ESTATESBUILDERS: Baywest Homes, WestView Builders www.westlandestates.ca

15 WEST GROVE ESTATESBUILDERS: Prominent Homes, Crystal Creek Homes, Lupi Luxury Homes, Augusta Fine Homes, West Grove Estates

›› SOUTHWESTCOMMUNITIES

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As Calgary matures and grows, some homes are surrounded by landscaping that is outdated, falling apart or simply not appealing to the homeowner. One

should never underestimate the many benefits of creating a usable functional outdoor living space customized to your wants and needs. It is important to understand that quality landscaping requires substantial investments of time and money. Therefore, having a budget and planning around it is critical. Homeowners should consider what kind of space they desire. Must it be safe for children? How much entertaining

will you do? Are you a gardening green thumb? Or would you prefer no maintenance at all? These are the types of important questions you should have answered, in order to create a landscape concept that works for you.

Many homeowners underestimate the work associated with landscaping, or the knowledge required to produce a quality outdoor living space. Do-it-yourselfers may be in for a surprise. It is important to hire someone who has extensive experience in the industry, and is a full-service landscape company. The key to longevity is quality construction.

OUTDOOR ENJOYMENT

//INSIGHT

» by BRAD JACKMAN

Landscape 360. Professional Landscape Construction.


Landscaping is a process that’s built in layers. Hiring professionals with the proper knowledge base who use high quality materials is a must.

Professionally landscaping your property provides a sanctuary for your family, friends and pets. Landscaping improves your quality of life, increases the value of your home and adds a little personal flare to your home’s exterior. Your landscape options include custom decks, patios, walkways, garden beds, trees, shrubs, lighting, fences, irrigation, drainage solutions, boulders, retaining walls, water features and outdoor kitchens. Clearly, there are many aspects to landscape construction, and it pays to explore all your options carefully. More importantly, hire a company with a strong portfolio and which is open to you talking with past clients. Landscape 360 is a full-service landscape construction company. Our philosophy is based upon professionalism, quality, trust and respect. A locally owned and operated Calgary based company, Landscape 360 specializes in residential, estate and acreage landscape construction.

403.452.0360 | landscape360.ca | like us on facebook

�Landscaping�improves�your�quality�of�life,�increases�the�value�of�your�home�and�adds�a�little�personal�flare�to�your�home’s�exterior.


BEDROOM SPEND

Mattress & Box Spring | Approx $1,500 – $3,000Although it is the least glamourous item to buy for the bedroom, it is the most important. A good mattress will make all the difference in getting your beauty sleep each night. “The mattress should last you at least 10 years,” says interior stylist Paul Semkuley. “Especially when you purchase it with the coordinating box spring – as it absorbs up to 50 per cent of the body’s impact.” Semkuley also suggests getting comfy and cosy in store by laying on it like you would normally sleep, to see if the mattress is a right fit. Whether you prefer a mattress that is firm, made of organic material or one that comes with a pillow top for extra comfort, buy the best one you can afford.

TIP Don’t try to save money by using an old foundation or box spring with your new mattress. A mattress paired with its new box spring work together for all around better support, and keeps the mattress in shape longer.

FACT A study conducted in the U.S., Canada, Mexico, UK, Germany and Japan found that a comfortable sleep surface and cosy sheets and bedding were rated the most important romantic elements in all six countries.

material or one that comes with a pillow top for extra comfort, buy the best one you

1

3

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1. Emmie Spets Sheet Set in White. $45. VISIT IKEA.CA 2. Seagrass Block Headboard. $200-$390. VISIT PIER1.Ca 3. Table Lamp. $70. VISIT BOUCLAIR.COM 4. Hemnes Three Drawer Chest in Gray-Brown. $150. VISIT IKEA.CA

Pssst!

SAVE

Just bought a new home and on a tight budget? Don’t fret! With expert advice from Toronto-based interior stylist Paul Semkuley, we show you where to spend and save your precious pennies for each room in your house.

SpendSavepSavep» by SARA DUCK

vs.

//TIPS AND TRICKS

...continued on pg 2822 NEW HOME GUIDE | JUN 20 - JUL 18, 2014

01 SADDLESTONEDEVELOPER: Genesis Land Development Corp. BUILDERS: Genesis Builders Groupwww.genesisbuildersgroup.com

02 SADDLEBROOKDEVELOPER: MLC Land CompanyBUILDERS: Elite Homes, Pacesetter Homes, Trico Homes

03 SKYVIEW RANCHDEVELOPER: Walton Development and ManagementBUILDERS: Creations by Shane Homes, Innovations by Jayman, Beattie Homes, Morrison Homes, Excel Homes, Shane Homes, Pacesetter Homes, Lionsworthe Homes

04 REDSTONEDEVELOPER: Qualico CommunitiesBUILDERS: Broadview Homes, NuVista Homes, Pacesetter Homes, Innovations by Jayman, Trico Homes

05 CITYSCAPEDEVELOPER: Mattamy HomesBUILDERS: Mattamy Homes

›› NORTHEASTCOMMUNITIES


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» by CODY BATTERSHILL

//CALGARYISM

CODY BATTERSHILL is the founder of

Calgaryism and a top producing realtor at

ReMax House of Real Estate. Born and raised in Calgary, Cody has a passion for helping his clients accomplish their

real estate goals and loves to show off the best

Calgary has to offer! He can be reached at 403-370-4180,

@Calgaryism on Twitter and calgaryism.ca

Calgary: CANADA’S ULTIMATE SPORTS CITY!

Calgary has been named the � fth ultimate sports city in the world, and with no other Canadian cities ahead of it in the rankings, this also makes it tops in Canada!

Calgary’s place as one of the top sports cities in the world was announced at the global SportAccord Conference held in Belek, Turkey in April, as part of the Ultimate Sports City Awards.

� ese awards are the longest-established of their type, held every two years since 2006 and are fully recognized by the international community. Way to go Calgary!

HERE ARE THE TOP 10 ULTIMATE SPORT CITIES OF 201401 LONDON

Score of 662, city of XL size02 MELBOURNE

Score of 637, city of L size03 AUCKLAND

Score of 614, city of M size04 COPENHAGEN

Score of 536, city of M size05 CALGARY

Score of 534, city of S size06 MANCHESTER

Score of 493, city of S size07 SYDNEY

Score of 484, city of L size08 GLASGOW

Score of 479, city of S size09 NEW YORK

Score of 470, city of XL size10 BERLIN

Score of 445, city of L size

SportBusiness Ultimate Sports Cities head judge Rachael Church-Sanders commented on Calgary’s � rst ever appearance and success in the rankings as the best “small” city.

“Calgary swept the board through its achievement of high rankings for categories like security, event strategy, hosting, public sports interest/tourism and legacy. It is truly a world-class sports city that puts sports at the centre of its very being.

"Prime examples would be its hosting of the annual Calgary Stampede and Spruce Meadows horse events that have much history behind them, as well as the growing and dynamic Calgary Sports and Entertainment Corporation.

"� ey have shown that Calgary has a robust calendar of cultural and sporting events that all lay under one major umbrella – the Calgary Sport Tourism Authority.

"Calgary is a city that has strongly embraced the 1988 Winter Olympic Games and continues to honor that legacy through renovations of those buildings used in the games and planning that continues their involvement in local activities and events.”

It’s very true – sports are closely tied to much of the best entertainment our city has to o� er. Whether it's zip-lining or skiing at Canada Olympic Park, taking in the rodeo at the Calgary Stampede or a hockey game at the Saddledome, our sports facilities will continue to be important focal points in the community today and for many years to come.

JOIN USWant to learn more about the “Heart of the New West,” also known as Calgary? We invite you to join us and thousands of other people at Calgaryism on Facebook, Instagram and Twitter today!


›› OKOTOKSCOMMUNITIES

01 OKOTOKS AIR RANCH & RANCHERS’ RISEDEVELOPER: Bordeaux DevelopmentsBUILDERS: Baywest Homes, Sterling Homes, Wolverine Custom Homes

02 CIMARRONDEVELOPER: Tristar CommunitiesBUILDERS: Excel Homes, Trico Homes, Cedarglen Homes, Coco Homes, Today’s Homes, California Homes, Assured Homes

03 DRAKE LANDINGDEVELOPER: United CommunitiesBUILDERS: Lifestyle Homes, Morrison Homes, Sterling Homes, Prominent Homes

04 WESTMOUNTDEVELOPER: Prominence Development Corp.BUILDERS: Cornerstone Homes, Gramercy Homes, Carpenter Homes

06 THE HILL IN WESTRIDGEDEVELOPER: QualicoBUILDERS: Sterling Homes

07 CRYSTAL RIDGEDEVELOPER: United CommunitiesBUILDERS: Sterling Homes, Baywest, Crossley Homes

08 MOUNTAINVIEW (NOW OPEN) AT SANDSTONE DR. & MOUNT BURNS GREEN Apex DevelopmentsBUILDERS: Excel Homes,Sterling Homeswww.mountainviewokotoks.com

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//IN THE NEWS

More than $40 million of the $65-million cost of the Rotary/Mattamy Greenway – which when completed will be the largest urban system of pathways and parks in the world – has already been raised by Parks Foundation Calgary.

“This is truly a remarkable example of the collaborative community spirit of Calgary,” says Mayor Naheed Nenshi, upon completion of Phase Two of the three-phase project.

The success to date was celebrated at a family-friendly event in the Brookfield Residential community of Cranston. Brookfield was the first of five developers to support the project, by putting pathways and other amenities in its neighbourhoods.

The Greenway is the 29-year-old Parks Foundation’s biggest project yet. When completed in 2016, it will be a 138-km network of natural spaces, parks, playgrounds and pathways around the city.

Calgary-Glenmore MLA Linda Johnson lauded the Greenway as an excellent example of private-public partnerships working to encourage healthy lifestyles, while showcasing the beauty within the province’s urban centres.

The second phase of the 138-km Greenway goes from the Western Irrigation District (WID) Canal on the eastern border of Calgary to Highway 22X, crosses over the highway at 52nd Street S.E., and traverses the communities of Auburn Bay, Seton and Cranston before entering Fish Creek Provincial Park. Phase 2 also includes a major spur into Mahogany.

David Allen, president Calgary Communities for Brookfield Residential, which is including Greenway amenities in its three southeast communities of Cranston, Auburn Bay and Seton, says the

PARKS FOUNDATION CALGARY

celebrates $40-million partner commitment with near completion of phase two of Rotary/Mattamy Greenway

company is proud to be part of a project that is “so unique – in both scale and vision – to this city.

“At Brookfield, we know Calgarians believe that providing paths and public spaces for all to enjoy is essential to building community,” says Allen. “The greenway will enhance so many Calgarians’ lives and connect residents to the natural beauty of this area. Thank you to the Parks Foundation, the City of Calgary and everyone involved in forging a shared path towards health, community and sustainability. “

Other Phase Two partners supporting the Greenway project include the City of Calgary, Hopewell Residential, Bonavista Energy, CNRL, Crescent Point Energy, First Energy Capital Chair Jim Davidson, Pembina and Trans Canada Corp.

The third phase of the project will take the Greenway from Airport Trail through the neighbourhood of Cityscape, then connecting with two new, side-by-side communities on the most northeastern tip of the city, SkyView Ranch and Redstone.

From there, the Greenway traverses west to 12-Mile Coulee, then south to connect into Baker Park, Bowmont Park and Edworthy Park. The pathway will then travel south along Sarcee Trail and 37th Street to the west edge of Fish Creek Park, which completes the 138-km loop.


03 CRANSTON DEVELOPER: Brookfield ResidentialBUILDERS: Albi Homes, Shane Homes, Cardel Homes, Cedarglen Homes, Trico Homes, Discovery Homes, Landmark Homes, Baywest Homes, Brookfield HomesRIVERSTONE OF CRANSTONBUILDERS: Albi Homes, Cedarglen Homes, Landmark Homes, Baywest Homeswww.livecranston.ca

04 WALDEN DEVELOPER: GenstarBUILDERS: Cardel Homes, Innovations by Jayman, Excel Homes, Homes by Avi, California Homes, Avi Urban

05 MAHOGANYDEVELOPER: Hopewell ResidentialBUILDERS: Jayman MasterBUILT, Sabal Homes, Stepper Custom Homes, Trico Homes, Homes by AviESTATEBUILDERS: Baywest Homes, Calbridge Homes, Morrison Homeswww.mahoganyliving.com

06 McKENZIE TOWNE DEVELOPER: Mosaic Townhomes: Brookfield ResidentialBUILDER: Mosaic Townhomes: Brookfield Residential

07 NEW BRIGHTONDEVELOPER: Brookfield ResidentialBUILDERS: Shane Homes, Cedarglen Homes, Morrison Homeswww.livenewbrighton.ca

08 CHAPARRAL VALLEYDEVELOPER: GenstarBUILDERS: Cardel Homes, Jayman MasterBUILT, Innovations by Jayman, Cardel Lifestyles, Homes by Avi, California Homes

09 QUARRY PARK DEVELOPER: Remington CorporationBUILDERS: Cardel Homes, Birchwood Properties

10 LEGACYDEVELOPER: Westcreek DevelopmentsBUILDERS: Stepper Custom Homes, Albi Homes, Trico Homes, Excel Homes, Sterling Homes, Creations by Shane Homes

›› SOUTHEASTCOMMUNITIES

01 AUBURN BAYDEVELOPER: Brookfield ResidentialBUILDERS: Brookfield Homes, Cedarglen Homes, Baywest Homes, Jayman MasterBUILT, Albi Homes, Morrison Homes, Discovery Homes, Inspire by Jaymanwww.liveauburnbay.ca

02 COPPERFIELDDEVELOPER: Hopewell ResidentialBUILDERS: Excel Homes, Sabal Homes, Stepper Custom Homes


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CopperfieldDeveloper: Hopewell Residential Communities

Mahogany

Developer: HopewellBuilders: Jayman MasterBUILT | Sabal Homes | Stepper Custom Homes | Trico Homes

Auburn Bay

Developer: Carma

Showhomes: Auburn Bay Blvd. SE Auburn Sound Manor SE Auburn Bay Gardens

Showhomes: Corner of Cranston Ave.& Cranarch Rd.

Showhomes: Walden Rise SE

Showhomes: Mahogany Heath SE.

Showhomes: New Brighton Dr. SE.

Builders: Heartland Homes | Cardel Homes | Cedarglen Homes | Baywest Homes | Jayman MasterBUILT | Albi Homes | Morrison Homes

1

McKenzie TowneDeveloper: Carma

ELGIN VILLAGEShowhomes: Elgin Meadows Green SE. Elgin Estates Park SE.Builders: Cardel Homes | Homes by Avi | Albi Homes | Heartland Homes

VILLAGE OF PRESTWICKShowhomes: Prestwick Blvd SE.Builders: Cedarglen Homes | Jayman MasterBUILT

Builders: Broadview Homes | Coco Homes Sabal Homes | Stepper Custom Homes

New Brighton

Developer: Carma

7

Builders: Beattie Homes | Cardel Homes | Cedarglen Homes | Morrison Homes | Heartland Homes | Homes by Avi

9

CranstonDeveloper: CarmaBuilders: Albi Homes | Beattie Homes | Cardel Homes | Cedarglen Homes | Trico Homes

Cranston Estates

Developer: Carma

Builders: Albi Homes | Landmark Homes | Baywest Homes

WALDEN

Developer: GenstarBuilders: Shane Homes | Cardel Homes | Innovations by Jayman | Excel Homes

south

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//TIPS AND TRICKS...continued

BATHROOM

TIP Buy a vanity that is proportioned to your space. You may have room for a big vanity but little room for anything else.

FACT In 1890, the Scott Paper Company manufac-tured toilet paper on a roll, much as we know it today.

SPEND

Vanity & Countertop | Approx $2,500 – $4,000 You may think this is an odd pick to invest your money in, but the vanity is a key item for the bathroom. Don’t forget you will be using the vanity every day, multiple times, opening and closing doors and exposing it to moisture. “The most important need of the vanity must be function,” says Semkuley. “Spending more on cabinetry that is made of solid wood will last much longer in a “wet” environment, than those made of a pressed wood compound.”

1

3

4

1. Heritage Aged Iron Chandelier by Hampton Bay. $99. VISIT HOMEDEPOT.CA 2. The Beverly Mirror by Tangerine Mirror Co. $80.VISIT HOMEDEPOT.CA 3. Fiona Bath Towels in Coral. $14. VISIT BEDBATHANDBEYOND.CA 4. Simply Fine Lenox Chirp Bath Ensemble. $50. VISIT BEDBATHANDBEYOND.CA

Pssst!

SAVE

2

...continued on pg 3228 NEW HOME GUIDE | JUN 20 - JUL 18, 2014

//IN THE NEWS

Homes by Avi has reintroduced its popular semi-detached homes to the southeast community of Walden. This is the second time that the homebuilder has offered this versatile product in Walden, with the first lots selling out in record time.

“Our Walden semi-detached homes are very well received,” says Karl Bursnell, sales manager for Homes by Avi. “Customers like that they can enjoy the benefits of a single-family home, like a private yard and the ability to build a garage, but at a more affordable price point. And there are no condo fees to worry about like with a multi-family unit.”

Bursnell also attributes the popularity of Homes by Avi’s

semis to the enticing list of inclusions, such as nine-ft. main floor ceilings, hardwood, quartz in the kitchen and front landscaping. “They offer a complete package, so they really appeal to young professionals who want to enter the market with a comfortable, inviting home, as well as those who want to downsize, but still desire some extra space for entertaining friends and family.”

Interested parties can tour the semi-detached showhomes now open at 350 Walden Dr. SE. More information on these and other Homes by Avi product offerings is available at homesbyavi.com

Homes by Avi brings its popular semis back to Walden


1. Bodum Chambord Four Cup French Press with Locking Lid. $50. VISIT THEBAY.COM 2. Royal Doulton Gordon Ramsay Maze White Dinnerware. $100 FOR 16-PIECE. VISIT BEDBATHANDBEYOND.CA 3. Hamilton Beach 1.7L Dome Electric Kettle, $60. VISIT THEBAY.COM 4. Gourmet Settings Non-Stop Flatware. $50 FOR 20-PIECE. VISIT BEDBATHANDBEYOND.CA

4

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TIP There are plenty of options out there when it comes to your range, such as gas, electric and induction. Determine which type you will use based on what you have available and your personal cooking preference.

FACT A study conducted by Visa Canada suggests 60 per cent of Canadians eat out once or more a week.

Pssst!

KITCHEN

SPEND

Free-Standing Range | Approx $2,000 – $5,000Appliance shopping can be daunting – especially when you are deciding on a big purchase such as a free-standing range (hot plate on top, oven underneath). But this important appliance will make your cooking life easier if you spend a little more on a quality piece that is tailored to your needs. “Having a gourmet range will make a huge statement in your kitchen. It will definitely add value to your home while you live there and especially if you plan to sell your home,” says Semkuley.

SAVE

...continued on pg 34



Built for real life.CARDELHOMES.COM

Sales Centre Hours: Mon-Thur: 2 pm-8 pm

Sat, Sun + Holidays: Noon-5 pm

Closed Fridays

Tour 2 new model homes at 105 Chaparral Valley Mews SE 403.201.5754 Prices subject to change without notice. E&OE.

FROM THE

INCL LOT + GST

$470s n Walk-out lots available in Cardel’s exclusive phase n Top value in an established, peaceful community n Neighbourhood walking and bike paths to

Fish Creek Park and Sikome Lake n Spectacular river valley setting n Blue Devil Golf Course at your doorstep n Double front-attached garages

Build an affordable dream home with a walk-out basement

Walk this way. Exclusive walk-out lots in one of the south’s most active communities.

FINAL

PHAS

E

1

2

3

TIP When sofa shopping, look for a sturdy frame, one that does not wobble or creak but sits squarely on the floor. Also, pay attention to fabric detail – you want a fabric that will wear well for every day use.

FACT According to BBM Canada, the average Canadian adult watches 30 hours of television a week.

Pssst!

1. Bendale Rug. $134 FOR 5 X7. VISIT RONA.CA 2. Floor Lamp. $140. VISIT BOUCLAIR.COM 3. Box Frame Coffee Table in Mango Wood. $429. VISIT WESTELM.COM 4. Sequined Striped Pillow. $49. VISIT CHAPTERS.INDIGO.CA

4

LIVING ROOM

SPEND

Sofa | Approx $3,500 – $5,000The living room is the main hub of any home. It’s where you will do most of your entertaining and it’s the place you will go to snuggle and watch movies together. It’s important, then, that you invest in a sofa that not only looks good, but is comfortable, durable and functional for your space. Paying a little extra now, means a sofa that will last through the years. “When you have great bones in a sofa, you can always reupholster it, knowing that you will have the comfort that you have enjoyed for so many years,” says Semkuley.

SAVE

PAUL SEMKULEY Toronto-based interior stylist is the Principal of Re:Source Lifestyles –

he combines his love of art, fashion and design

to offer a unique styling and design firm.

Visit resourcelifestyles.com



CHESTERMERECHESTERMERE DEVELOPER: Truman Developments BUILDER: Jager Homes, Lifestyle Homes, Beattie Homes, Lionsworthe Homes, Douglas Homes

WESTMERE DEVELOPER: Melcor BUILDERS: Landmark Homes, Lifestyle Homes, Reid Built Homes

SHORES ON WESTMERE DEVELOPER: Melcor BUILDERS: Homes by Avi, Albi Homes

KINNIBURGH DEVELOPER: Pollyco Developments BUILDERS: Stepper Custom Homes, Canterra custom homes, Sterling Homes, Lifestyle Homes, Douglas Homes, Westridge Fine Homes, Broadview Homes

04 BUFFALO HILLS (coming soon) BUILDERS: Prominent Homes Douglas Homes, Klair Custom Homes Prominent Homes, Mapeland Homes

LAKEPOINTE DEVELOPER: Mattamy Homes BUILDER: Mattamy Homes Sales centre 400 Westpark Dr.

LANGDON01 BOULDER CREEK

DEVELOPER: Harmony Park BUILDERS: Stepper Custom Homes, Carpenter Homes

02 HANSON PARK DEVELOPER: Hanson Park Developments BUILDERS: Canaco Homes Ltd, Ovation Homes Ltd, Stepper Custom Homes Ltd, Douglas Homes

STRATHMORE THE RANCH IN STRATHMORE DEVELOPER: United BUILDERS: Lifestyle Homes

WILDFLOWER RANCH IN STRATHMORE DEVELOPER: Cancorp Property Group Inc. BUILDERS: Carpenter Homes, Paradyme Homes, Aquilla Homes and Canterra Custom Homes

LYALTA03 THE LAKES OF MUIRFIELD

BUILDERS: Douglas Homes, Today’s Homes, Ribero Homes and Compass Rose Homes

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34

NOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.


Visit the new real estate section on canpages.caand start looking for that special place.

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01 HERITAGE HILLSDEVELOPER: Harmony ParkBUILDERS: Stepper Custom Homes,

Trico Homes,

02 JUMPING POUND RIDGE www.jumpingpoundridge.comBUILDERS: WestView Builders, Kingsmith Homes

03 SUNSET RIDGEDEVELOPER: Melcor BUILDERS: Jayman MasterBUILT, Innovations

by Jayman, Janssen, Calbridge, Landmark Homes, Excel Homes, Homes by Avi

04 RIVERSONGDEVELOPER: Tamani BUILDERS: Innovations by Jayman, Sabal Homes, Jager Homes, Jayman MasterBUILT, NuVista Homes, Trico Homes

05 MONTERRA ON COCHRANE LAKE DEVELOPER: Medallion Development Corp. BUILDERS: Prominent, Modena, Cornerstone,

Brooklyn, Astoria Custom Homes

06 WESTPOINTE ESTATES DEVELOPER: MGM Developments. BUILDERS: Mapleland Homes, Kingsmith Homes

07 FIRESIDE DEVELOPER: La Vita Land BUILDERS: Calbridge, Janssen, Kingsmith,

Landmark, Reidbuiltwww.firesidecochrane.com

08 HEARTLAND DEVELOPER: Apex Developments BUILDERS: Excel Homes www.heartlandcochrane.com

›› COCHRANECOMMUNITIES

COCHRANE

RA

NG

E R

D 40

RANGE RD 43

RA

NG

E R

D 4

2

RA

NG

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SUNSET BLVD.

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BENCHLANDS DR.

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Glenpatrick D

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GEORGE FOX TRAIL

GEORGE FOX TRAIL

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BOW RIDGE CRESCENT

W. TERRACE DR.

W. TERRACE RD.QUIGLEY DR.

QUIGLEY DR.

W. EDGE.RD

W. MCMANUS RD.W. MCDOUGAL RD.

BOW

RIDG

E RD.

BO

W R

IDG

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R.

RIV

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1 ST.

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BIG HILL RD.

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GLENEAGLES DR.

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1

2

7

3

4

6


8


›› AIRDRIECOMMUNITIES01 BAYSIDE ESTATES

DEVELOPER: Genesis Land Development Corp.BUILDER: Genesis Builders Group, McKee Homes, Coco Homes, Sovereign Homes www.genesisland.com

02 WINDSONGDEVELOPER: Mattamy HomesBUILDERS: Mattamy Homes

03 REUNIONDEVELOPER: Hopewell ResidentialBUILDERS: Excel Homes, Sabal Homes,McKee Homes

04 KING’S HEIGHTSDEVELOPER: MelcorBUILDER: Jayman MasterBUILT, Loreck Homes, McKee Homes, Reid Built, Shane Homes

05 RAVENSWOODDEVELOPER: QualicoBUILDERS: NuVista, McKee Homes, Pacesetter, Broadview

06 COOPERS CROSSINGDEVELOPER: Westmark HoldingsBUILDERS: McKee Homes, Trico Homes, Vesta, Artigiano, Canterra Custom Homes, Crystal Creek Homes and Harder Homes

07 WILLIAMSTOWNDEVELOPER: Vesta PropertiesBUILDERS: Douglas Homes, Talisman Homes, Vesta Homes

08 HILLCRESTDeveloper: Apex DevelopmentsBuilders: Excel Homes, Shane Homes,Trico Homeshillcrestairdrie.com

VETERANS BLVD

1ST AVE

YANKEE VALLEY BLVD

NOSE CREEK

EASTLAKE

VETERANS BLVD

YANKEE VALLEY BLVD

2

1

3

4

5


6

7

8


//SHOWHOME REVIEW

» by HEATHER RYAN

Shane’s Fiesta II in Hillcrest POPULAR WITH BUYERS

Showcasing a number of popular features people come to expect in a larger home, but in a

smaller, more affordable package, has made Shane Homes’ latest showhome in Hillcrest a hit with new-home buyers.

“The Fiesta II is one of the most favourite, family-friendly, budget-friendly models in Hillcrest,” says Karen Kotchar, co-area manager with Jeff Brodowski.

“It’s one of our most popular plans under 2,000 sq. ft.; people love the design and features and they say it feels much larger than it is,” Brodowski says. “It’s a very family-oriented home with a good sized kitchen that you often see in

much larger homes and it has everything that young families look for, such as a walk-through pantry, upstairs laundry room, large bonus room and spa-like ensuite.

“It has a very functional design that families can grow into; it’s a great move up home,” he says. “Our homes are $50,000 to $100,000 less than in Calgary, with lots that start at $111,000 yet you’re just seven minutes away, and we’re on the highest point in Airdrie in an upscale community minutes from shopping.”

Offering 1,923-sq.-ft. of living space, this two-storey, front-attached garage showhome offers a range of

exceptional standard features and numerous optional layouts to suit the various needs of buyers.

Stepping inside the Fiesta II, the bright open foyer offers plenty of room to greet guests as well as space for a hall table or bench and you’ll love the tile floor that spans most of the main.

Off the entry is a convenient half-bath and a door opens to the short hall that leads to the garage entry and mudroom. A bonus feature on the main floor is the walk-through pantry and “people love the amount of space and storage it supplies,” Brodowski says.


SHANE HOMES | Fiesta II in Hillcrest

The kitchen is a feast for the eyes with a massive dark granite-topped island at its focal point. The island provides plenty of food prep space and a huge breakfast bar – ideal for casual meals or for guests to pull up a stool and socialize with the hosts. The kitchen also features granite countertops, a full-height glass subway tile backsplash, loads of cabinetry including a built-in wine rack and microwave niche and upscale appliances including a cook top and built-in wall oven.

Adjacent to the kitchen is a huge dining nook that provides substantial space for a large table and you can even expand the entertaining to the outdoors through a single door to the rear deck.

Across from the kitchen, the expansive great room is highlighted by a wall-centred fireplace surrounded in tile and topped with a wood mantle and an open niche for displaying your decorative items.

Upstairs, you’ll adore the impressive owners’ suite that offers a relaxing space that can accommodate king-size furniture, an inviting ensuite with dual sinks in a long granite-topped vanity, corner soaker tub, glass walk-in shower, granite-topped make-up table and a large walk-in closet.

Down the hall are two generous sized rooms for the kids, a full bathroom with granite-topped vanity and a good sized laundry room.

A huge bonus room at the front of the home provides a great place for kids to entertain friends or for the family to relax and enjoy a movie night and there is even additional room to place a desk for a study area or to surf the Internet.

Shane Homes also has the Tofino II showhome on parade in Hillcrest. The showhomes, at 109 and 113 Hillcrest Dr. in Airdrie, are open Monday to Thursday, 2 to 8 p.m., weekends and holidays, noon to 5 p.m. Call Jeff or Karen at 403.536.2316 for more information about these showhomes, other models and lots available in Hillcrest, or visit shanehomes.com


*Price of home, lot and GST subject to change.

ATTACHED DOUBLE GARAGE HOMES

STARTING AT

AUBURN BAY CHAPARRAL VALLEY KING’S HEIGHTS LEGACY REDSTONE RIVERSONG SUNSET RIDGE

SALES CENTRE

346 & 350 KING’S HEIGHTS DR. SE AIRDRIE

SHOW HOME HOURS MON-THURS 2-8PM SAT-SUN 12-5PM FRI CLOSED

GET MORE AT JAYMAN.COM/KINGSHEIGHTS

VISIT US TODAY

$419,000*

GETTING MORE FEELS GOOD.Innovations homes are built to give you more space without having to spend more money. When your home is that much bigger than you expected, the sky looks bluer, the sun seems brighter, and your TV seems, well…you might need a new TV.

JAY-3503_7.5x10.5_KINGSHEIGHTS_JUNE6.indd 1 6/11/2014 4:27:34 PM

//insurance needs & OPTiOns

What many consumers don’t realize, however, is that this insurance doesn’t protect

you, the homeowner – it protects your lender against

mortgage default.

dO yOu need

mortgage loan insurance?

Buying a new home and not sure if you need mortgage loan insurance? Well, if you’re making a down payment of less than 20 per cent of the purchase price (what’s known as a high-ratio mortgage), your lender will almost certainly require you to have mortgage loan insurance.

What many consumers don’t realize, however, is that this insurance doesn’t protect you, the homeowner – it protects your lender against mortgage default. But since the mortgage is insured – essentially guaranteed by Canada Mortgage and Housing Corp. – this program also enables consumers to purchase homes with a minimum down payment of five per cent.

Mortgage loan insurance is not to be confused with mortgage life insurance, which guarantees that your remaining mortgage at the time of your death will not be a burden to your estate.

The CMHC Mortgage Loan Insurance premium is calculated as a percentage of the loan and is based on the size of your down payment. The higher the percentage of the total house price/value that you borrow, the higher percentage you will pay in insurance premiums.

If you’re putting down five per cent as a down payment and mortgaging the balance, your loan-to-value (LTV) ratio is then 95 per cent. Generally speaking, the higher the LTV, the greater the premium for mortgage loan insurance. For example, for an LTV of 95 per cent, the standard premium is 2.75 per cent of the purchase price; for an LTV of 90 per cent, it’s two per cent; for an LTV of 85 per cent, the premium is 1.75 per cent, and so on.

The premium can be paid in a single lump sum or it can be added to your mortgage and included in your monthly payments.

Without mortgage insurance, you may avoid the insurance premium, but you could also pay higher interest rates for the mortgage, as well as additional administrative fees. At the end of the day, for the vast majority of borrowers, the cost of CMHC Mortgage Loan Insurance is more than fully offset by the savings achieved.

Under the CMHC Green Home program, buyers may qualify for a 10-per-cent premium refund and extended amortization period without surcharge, for mortgages used to finance an energy-efficient home.

For more information, visit cmhc-schl.gc.ca


HIGH RIVERHIGHWOOD LAKE DEVELOPER: WestView Builders BUILDER: WestView Builders

HAMPTON HILLS BUILDERS: WestView Builders

MONTROSE DEVELOPER: Dundee Developments BUILDER: Lifestyle Homes, Red Door Homes

PRIDDISHAWKS LANDING DEVELOPER: Hopewell Residential Communities BUILDERS: Prominent Homes, Baywood Estate Homes, Trickle Creek Custom Homes, Wolf Custom Homes, Thompson Luxury Homes, Bradmar Homes, Baywest Homes www.hawkslanding.ca

BLACK DIAMONDRIVERWOOD DEVELOPER: Riverwood Estates Inc. BUILDERS: Sheep River Homes, Woodmaster Homes

RIVERWOOD ESTATES BUILDERS: Compass Rose Homes, Sheep River Homes

HERITAGE POINTEARTESIA AT HERITAGE POINTE DEVELOPER: Heritage Pointe Properties Inc. BUILDERS: Astoria Custom Homes, Albi Homes, Calbridge Homes www.liveatartesia.com

›› CALGARYREGIONSOUTHNOTE: Map is just a graphic representation of areas of developments. See ad of a particular project for more details.

CALGARY

1

22

1A

22X

2

22X

797

1

543 2A

2TURNER VALLEY

PRIDDIS

STRATHMORE

BLACK DIAMOND

HERITAGE POINTE

OKOTOKS

HIGH RIVER

LANGDON

CHESTERMERE

COCHRANE


Jason EldridgE P.F.P, B. Admin Mortgage Specialist, Axiom Mortgage Solutions (formerly Unisource Mortgage)

Cell 403.630.1718, Fax 866.708.5807 Email [email protected] Web/apply online jason.axiommortgage.ca

» by Jason EldridgE

Since the downturn of the economy more than five years ago, financial institutions and various credit adjudicators have tightened the reins on their lending policies, and in particular, pay much greater attention to an individual’s past credit experience than ever before. Nowhere has this been more evident than in the mortgage industry. With foreclosures at historic levels, most lenders, insurers and their investors have reduced their product offerings, while at the same time, they have placed considerably more emphasis on a client’s credit (beacon) score when making their final decision.

Still, there are a number of things you should know, not only when it comes to you qualifying for a specific credit product, but also in maintaining a good credit rating in general.

Due to the level of fraudulent activity that is occurring in the world today, it is prudent that you check your credit report on an annual basis to ensure that all account information that is contained in the report is accurate. There are two main credit report providers in Canada; Equifax and Transunion. Each of these providers can be accessed online at econsumer.equifax.ca and transunion.ca, respectively.

When applying for credit, it is important that you don’t apply to several different banks or financial institutions within a short time of each other. Each time you do so, it is referred to as a “hit,” and this may result in your score dropping enough to prevent you from qualifying for that particular credit product. In the case of purchasing a home or refinancing your existing property, it is beneficial to use the services of a mortgage broker as we typically access your credit report once, and supply it to the various financial institutions for review. If you access your own credit report by contacting either Equifax or Transunion directly, this does not represent a “hit” on your file and therefore does not impact your score.

In order to get your score as high as possible, you may want to consider doing the following. It is best to make at least the minimum payment required for that particular credit card or line of credit each month. If possible, keep your balance(s) at or below 75 per cent of your credit

Do you know how

you rate?

//mortgage mogul

limit(s). In the event that you are either late with a payment or your account has gone to collection, it is vital that you bring the account up to date as soon as possible. You would be amazed how much your score will drop if you are so much as 30 days late on an account, regardless of how much or how little that minimum payment required is. The good, the bad and the ugly stay on your credit report for a minimum of six years.

In situations where there has either been serious delinquency or a bankruptcy in the past, it can be very difficult to re-establish one’s credit rating. One of the easiest ways to do so however, is to get a cash secured credit card. It is recommended that you get a limit of at least $1,500, which means you need to pledge at least that much money as security. In order to qualify for a mortgage, you need to have at least two credit products with a minimum of a $1,500 limit, and they need to have been open for at least a year with no repayment issues. If you hold the card for a year and continue to make the minimum payment each month, you will find your credit score will go up significantly. This same approach may be used in situations where a client doesn’t have any credit whatsoever. Individuals with no credit history are often viewed in the same light as those clients with bruised or poor credit ratings, because there is no previous credit to base their decision upon.

As always, I welcome any questions or comments you may have regarding the information contained in my articles. Until next month…


Homebuyers’ Resource SectionYou love the home, see what you can afford!» Compare mortgage rates for your best deal

» Calculate your mortgage payments using the mortgage payment calculation chart

homebuyers’ help//

PB New home Guide | jun 20 - jul 18, 2014 47

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

MORTGAGE PAYMENT CALCULATION CHART

AMORTIzATION PERIOdsInterest rates

% 5 yrs 10 yrs 15 yrs 20 yrs 25 yrs

CALCULATE YOUR MORTGAGE PAYMENTs

total Pre-tax InCome

monthly Pre-tax InCome

sPouse’s Pre-tax InCome

amount of mortgage

(PrICe – down Payment)

dIvIde by 3affordable

monthly Payments

amortIzatIon amountChart fIgure

amount of mortgage

dIvIded by 1,000

monthly Payments

amortIzatIon amount

estImated monthly

taxes & heat

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 home.

03 take the total price of the home and subtract the

amount of money you expect to make as a down payment. this is the money you will have to borrow.

04 refer to the chart on the opposite page. look down

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

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 home.

Follow these steps to see if you’ll qualify for a mortgage on your dream home

» Bear in mind that this is a rough estimate. If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice andget pre-qualified.

//homebuyers’ help

Calculate your mortgage payments

48 New home Guide | jun 20 - jul 18, 2014 jun 20 - jul 18, 2014 | New home Guide 49

mortgage tyPesALL MORTGAGEs ARE Of TwO BAsIC TYPEs:

CONvENTIONALthe buyer can borrow up to 80% of the purchase price or the value of the property, whichever is less.the buyer has to pay 20% down. a conventional mortgage cannot exceed 80% of the value of the property.

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

mortgage 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.

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

because of f lexibility, 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 MORTGAGE:usually has the lowest interest rate available but lacks the f lexible features of other mortgage options.a good choice for those who want the security of knowing their monthly payment is fixed for a longer term.

Prepayment options are available but they are subject to conditions.

PORTABLE MORTGAGE:flexibility if borrowers move. borrowers can take the mortgage to their new home or can transfer it (usually with the consent of the lender) to the purchaser of their old home. this is an attractive option if the rate on the existing mortgage is lower than current rates.

vARIABLE 6 month 1 year 2 years 3 years 4 years 5 years

PREPAREd BY CANNEX ON MAY 26, 2014. this information is current as of the date and time posted and is subject to change without notice. © Copyright 2014 Cannex financial exchanges limited. all rights reserved.

atb financial 2.700 4.000 2.940 2.890 2.990 3.040 3.390

alterna bank 2.600 4.000 2.980 2.980 2.980 2.940 3.140

alterna savings 2.600 4.000 2.980 2.980 2.980 2.940 3.140

bank of montreal (bmo) 3.000 4.000 3.140 3.040 3.850 4.390 4.990

bank of nova scotia 3.100 4.550 3.290 3.140 3.440 3.940 4.790

bridgewater bank - - 4.800 4.700 5.250 - 5.250

CIbC mortgages 3.000 4.450 3.090 3.040 3.750 4.240 4.990

Caisses desjardins 3.000 4.400 3.140 3.240 3.750 4.390 4.890

Canadian western bank 3.200 4.000 3.140 3.040 3.750 4.390 4.990

Canadian western trust 3.200 4.000 3.140 3.040 3.750 4.390 4.990

Comtech Credit union - 6.200 2.990 3.250 3.290 2.990 2.990

duCa financial services 2.550 - 3.090 3.040 3.090 3.190 3.090

effort trust - 4.450 3.250 3.600 3.700 4.600 4.950

equitable bank - - 3.140 3.040 3.750 4.540 4.940

first Calgary financial - 4.000 2.890 2.890 3.190 3.390 3.290

first national financial 2.500 3.950 2.990 2.590 2.790 2.870 3.190

firstontario Credit un. 2.700 4.240 3.090 3.140 3.290 2.890 3.040

hsbC bank Canada 3.100 4.450 3.600 3.950 4.450 4.990 5.340

Investors group trust 3.000 4.200 3.140 3.140 3.750 4.640 4.990

london life 3.000 4.200 3.140 3.140 3.750 4.640 4.990

manulife bank 2.700 4.450 3.000 3.050 3.100 3.140 3.190

manulife trust - 4.450 3.000 3.050 3.100 3.140 3.190

meridian Credit union 2.600 4.000 3.090 3.140 3.650 4.390 2.950

national bank 3.000 4.400 3.140 3.040 3.750 4.390 4.790

Peace hills trust - 4.500 3.150 3.500 3.950 3.950 3.490

President’s Choice fin’l 3.000 6.190 3.390 3.240 3.590 3.690 4.090

royal bank of Canada 3.000 3.140 3.140 3.040 3.750 4.540 4.940

servus Credit union - 4.000 3.140 3.040 3.750 4.240 4.790

steinbach Credit union - - 2.650 2.800 2.900 2.950 3.100

t-d mortgage 3.000 4.000 3.090 3.040 3.440 3.940 4.790

tangerine 3.000 - 3.190 3.240 3.490 3.690 3.990

Mortgage interest rates

48 New home Guide | jun 20 - jul 18, 2014 jun 20 - jul 18, 2014 | New home Guide 49

DONNA MOORE Executive Officer,

Calgary Region Home Builders’ Association

403.235.1911crhba.com

» by DONNA MOORE

With the increasing in-migration to Calgary, it stands to reason many people will be looking to buy a new home this year.

For those who have never gone through the process of buying a new home, it can be a daunting task and often leads to a number of questions about the construction process. Many new-home buyers will want to know answers to questions such as: How long will it take to build? What order are things done, and when do you make final decisions about features and finishings?

Your home builder is a great resource to help answer these and other questions that may arise during the home-building process.

However, to help you further, here is an outline of the typical construction process. Keep in mind that this is a generalized description – your own builder may use a different approach. The process and schedule will also be affected by the size and style of the house, construction techniques used, the amount of customized work being done and other factors, so be sure to ask your builder for the specifics on your own home.

Typically, before any construction begins, plans for your home are developed, finalized and required permits are obtained.

Construction begins with the foundation, so your house is staked out and the land is prepared with often the topsoil being removed and piled elsewhere for later use. Excavation is done and the footings are formed and poured. Utilities such as water, electricity, telephone and cable services may be brought in at this time.

The foundation walls are erected and the foundation may be insulated and damp-proofed. Weeping tiles are installed to drain ground moisture away from the house. A city inspection of the foundation will be conducted before the outside perimeter is backfilled.

At this time, your builder may ask you to begin making your selections for interior finishings, such as type of flooring, tiles, cabinets and paint. While it will be weeks before these items are needed, they are usually ordered early to prevent delays.

Next, exterior walls, interior partitions and the roof are assembled. Roof trusses are most often brought to the site ready for installation, and roofing is completed and windows and doors are installed with the goal to “lock up” the home as quickly as possible to protect it from the elements, especially

Helping new-home buyers through the typical construction process

//THE HOMEBUYING PROCESS

at this time of year when Calgary’s weather can go from sunny to rainy in hours.

Then, the basement floor is installed and electrical and plumbing services are roughed in, plus ducting for heating, cooling and ventilation is installed. The city will require a structural inspection at this time to ensure the home is being built according to code, plus electrical and plumbing inspections will be conducted as well.

For the next several weeks, a great deal of work will happen inside and out, much of it at the same time and during this period of work your builder will likely provide updates and ensure selections and other decisions are made.

The exterior walls and the roof are insulated and a vapour barrier is applied. Another inspection will occur to ensure this work has been done properly, before the drywall is installed. Heating and cooling systems are installed, including fireplaces.

Now the finishing touches begin as walls and ceilings are painted, flooring is put down and cabinets are installed. Plumbing and electrical fixtures are put in, trim is applied and interior doors are hung. Outside, siding, porches and decks, final lot grading and driveway and walkways are completed. Several additional inspections occur at this point.

Finally, your builder will complete the final touches and clean up, and ask you to do a walk-through inspection of the home with them to check for any deficiencies that may need to be addressed. Then any last-minute touch-ups will take place.

On the date of possession, you will be handed the keys – the home is now yours, so enjoy!


051-Jayman-Masterbuilt 06-20-14.indd 999 2014-06-12 11:12 AM

mattamyhomes.com

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

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

Wherever We Build, We Protect The Environment.

In our communities of Windsong in Airdrie, Lakepointe in Chestermere and Cityscape in North Calgary,

we build around the environment in each community to be enjoyed by all who live there.

Each of our communities are planned to include natural

features such as walking/biking trails and plenty of spacious parks and playgrounds where homeowners can gather

to enjoy time with friends and neighbours.

We believe that showing how to preserve nature sends a clear message as to what is important to families in a community.

In a Mattamy community, you’ll find that

nature is your neighbour.

Calgary_New Home Guide(BRAND)June14.indd 1 2014-06-11 1:17 PM

052-Mattamy 06-20-14.indd 999 2014-06-12 11:12 AM

calgary new home guide - jun 20, 2014

Documents

new shane home

newhome buyers

new shanehome

community of kings heights

new home guide magazines

mortgage literacy

mortgage loan insurance

receivein kings heights