edmonton new condo guide - aug 14, 2015

AN EXCITING NEW DEVELOPMENT LOCATED IN THE HEART OF TERWILLEGAR BRASS III

N O W S E L L I N G N O W S E L L I N G

the LEGER

Aug 14 - Sep 11, 2015 Volume 23 Issue 09

INSIDE THIS ISSUE

AWARDS OF EXCELLENCE IN HOUSING FINALISTS NAMED

WHAT THE BANK OF CANADA’S RATE CUT MEANS FOR YOU

STYLE FILE: GET THIS LOOK!

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4 NEW CONDO GUIDE | VOLUME 23 ISSUE 09 | NewHomeAndCondoGuide.ca

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Southwest Edmonton

Terw

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South

Terwillegar Rabb

it H

ill R

d

Anthony Henday

23 Ave

N

Mon-Thurs: 3-7 pmSat, Sun & Holidays: 1-5 pmClosed Fridays

Note: There are 2 Rabbit Hill Rd & South Terwillegar intersections. The Quay is located at the north intersection.

7021 South Terwillegar Drive

587.524.0259

Pivot is reinventing townhomes in the well known, fully established community of Rutherford. With modern, urban design, beautiful living spaces and unparalleled convenience, there’s nothing else like it.

Live surrounded by abundant green space, with walking trails and tree-lined views at every turn. Pivot townhomes are designed by award winning architects and feature rooftop decks, large windows and an enviable sense of privacy you won’t find anywhere else.

Along with its gorgeous build comes a welcoming price point. Starting from the $280s to the $600s, Pivot offers a selection of 2 to 4 bedroom townhomes ranging from 1,000 to over 2,000 square feet to choose from, giving you a style statement at any range.

The only name you need to know for new townhomes in prestigous Rutherford.

Find out what makes Pivot original at averton.ca

Ellerslie Rd SW

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ord

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11

1 S

t SW

11

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t SW

12

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Call 780.638.5878

Join us for o

ur

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verton.ca


Pivot is reinventing townhomes in the well known, fully established community of Rutherford. With modern, urban design, beautiful living spaces and unparalleled convenience, there’s nothing else like it.

Live surrounded by abundant green space, with walking trails and tree-lined views at every turn. Pivot townhomes are designed by award winning architects and feature rooftop decks, large windows and an enviable sense of privacy you won’t find anywhere else.

Along with its gorgeous build comes a welcoming price point. Starting from the $280s to the $600s, Pivot offers a selection of 2 to 4 bedroom townhomes ranging from 1,000 to over 2,000 square feet to choose from, giving you a style statement at any range.

The only name you need to know for new townhomes in prestigous Rutherford.

Find out what makes Pivot original at averton.ca

Ellerslie Rd SW

Rut

herf

ord

Rd

11

1 S

t SW

11

9 S

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12

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15 Ave SW

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Call 780.638.5878

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Grand Opening Event

September 12th!

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verton.ca

NewHomeAndCondoGuide.ca | VOLUME 23 ISSUE 09 | NEW CONDO GUIDE 9

N

66 S

t

50 S

t

ANTHONY HENDAY

ELLERSLIE RD

WAT

T

follow us on and

655 Watt Boulevard Telephone: 780.701.5616Show Homes open:Mon to Thurs: 3 – 8pmWeekends & Holidays: Noon – 5pm

Prices start at $268,900 incl. GST

Southern Springs town homes are part of the vibrant Walker Lakes community in South Edmonton, where homeowners will �nd every convenience close at hand.

High-quality �nishes throughout, including:

• Open plan main floors with elegant nine foot ceilings

• Double-car attached garages with remote openers

• Kitchen cabinets in a choice of two contemporary finishes

• Polished quartz counters in kitchen and bathrooms

• Free-standing homeowner’s club lounge and fitness centre

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MOVE IN

LATE 2015

CONDOGUIDE_JULY_SS.pdf 1 15-07-10 10:44 AM

10

F I NA L C H A NC E – ON LY 14 U N I TS L E F T !

Yellowhead HWY

Baseline Rd101 Ave NW

Lakeland Drive

Broadm

oor

Blvd

Sherwo

od D

rive

Palis

ades

Way

Clov

er B

ar R

oad

PRINCETON COURT

Modern Homes. Classic Values.*Prices subject to change

• 1781 sq. � . spec executive townhomes• Oversized double garage• Hardwood � oors• Granite countertops• Stainless steel appliances

CALL MANDIE AT 780-905-0998

PRINCETON COURTSherwood Park | 301 Palisades Way

Prices starting in the $360’s*

Major elbowroom to get your kicks inSpacious and trendy living rooms are what Grande Design homes are all about. But when it comes to quality cra� smanship, our homes couldn’t be more traditional. Don’t miss out on your last chance to move into one of these spacious executive townhomes today!

Visit GrandeDesign.ca for more information.

F I NA L C H A NC E – ON LY 14 U N I TS L E F T !

Yellowhead HWY

Baseline Rd101 Ave NW

Lakeland Drive

Broadm

oor

Blvd

Sherwo

od D

rive

Palis

ades

Way

Clov

er B

ar R

oad

Modern Homes. Classic Values.*Prices subject to change

• 1781 sq. � . spec executive townhomes• Oversized double garage• Hardwood � oors• Granite countertops• Stainless steel appliances

CALL MANDIE AT 780-905-0998

PRINCETON COURTSherwood Park | 301 Palisades Way

Prices starting in the $360’s*

Major elbowroom to get your kicks inSpacious and trendy living rooms are what Grande Design homes are all about. But when it comes to quality cra� smanship, our homes couldn’t be more traditional. Don’t miss out on your last chance to move into one of these spacious executive townhomes today!

Visit GrandeDesign.ca for more information.


From left to right:Michael MelnychukAlex RuffiniEmmett Hartfield

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

From left to right:Michael MelnychukAlex RuffiniEmmett Hartfield

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

EDMONTON’S NEW RENTAL UNIT CONSTRUCTION SOARS IN 2015(PART 3)

So far in this series of articles we have been discussing the recent surge in the construction of new premium rental units with new condo-like features and finishes across the city of Edmonton. To date, the success of these projects – at reaching high occupancy rates upon completion – has been a testament to consumer demands for high-quality living spaces when compared to Edmonton’s current primary rental universe, which is vastly over represented by units built prior to 1980.

At the end of our last article, we noted our expectation that more of these new high-end rental projects will begin pre-leasing in Edmonton’s market in the near future, and we wondered how long this trend would continue and how it might affect the demand for Edmonton’s standing rental properties in its maturity.

The answers to these questions will mainly depend on the continued success of current new condo builders leasing their buildings at rental premiums that justify their investment – through the achievement of capitalization rates that are equal to or above current market capitalization rates in the city of Edmonton – 4% to 5%.*

Adjacently, any long-lasting adverse effects that these new rental stocks have on existing apartment rentals in maintaining their current capitalization rates – say through higher vacancies and less

total rents – should eventually be met by actions within these buildings to re-raise these rates (most likely in the form of investments to upgrade their buildings to achieve higher appeal, rents and building value).

Eventually, these two forces will meet in the middle and, at that point, the construction of new rental buildings should begin to slow.

Intelligence House believes this process is now underway, as many older buildings have recently started upgrading their suites as they become available. A simple search of any primary rental website can shed light on this emerging trend, as many ads for older buildings now read “condo-like” or “newly updated”.

For the city of Edmonton, the situation could not be better, or more timely, from an economic point of view as the construction of new apartment buildings is driving the renovations of old rental stock.

*Colliers International

*Note: The economics of apartment building rentals is typically described using a “capitalization rate,” which is the annual rate of return a building earns as measured by the difference in that building’s revenues (total rents) and expenses divided by the building’s market value of sale.


Coming soonOctober 2012Watch for it!On Stands Now!New 2015 AnnualOn Stands Now!

The stories behindEdmonton’s top builders, developers & new communities


Web Directory

Parkwood Master Builder www.parkwoodmasterbuilder.com

Rohit Communities www.rohitcommunities.com

Secord Chalet www.secordchalet.com

Secord Corners www.secordcorners.ca

Solara at Skyview www.solaraliving.ca

Stafford Greens www.staffordgreens.com

Symphony Tower www.symphonytower.ca

Tessco Incorporated www.edmontoncondo.com

The Leger www.brass3.com

The Rushes of Southfork www.rushesofsouthfork.ca

The Signature www.signatureambleside.com

Ultima www.ultimatower.ca

Find your next condo online, it’s easy!

BUILDERS/DEVELOPERS

Abbey Lane Homes www.abbeylanehomes.com

Addison Condos www.theaddisonoffwhyte.com

Californian Parkland www.vipliving.ca

Carrington Communities www.carrington.ca

Cascade Luxury Condos www.cascadecondos.ca

Centurion Townhomes www.centuriontownhomes.com

Christenson Developments Ltd. www.cdlhomes.com

Coventry Homes www.coventry-homes.com

Daytona Homes Master Builder www.daytonahomes.ca

Encore Tower www.encoretower.com

Footprint Developments www.footprintdevelopments.ca

Fox Two www.foxtowers.ca

Grovenor Manor www.grovenormanor.com

Grande Design Homes www.grandedesign.ca

Homes by Avi www.homesbyavi.com

Landmark Group www.landmarkgroup.ca

Lang Built Homes www.langbuilthomes.com

Park Homes www.parkhomes.ca

BUILDERS/DEVELOPERS

›› If you wish to advertise your Web site in our Web Directory please call 587-784-4044

Canadian Home Builders’ Association – Alberta www.chbaalberta.ca

Canadian Home Builders’ Association – Edmonton www.chbaedmonton.ca

Dangie K-9 Service Inc. Your Condominium Security Specialists www.dangiek9services.com

RELATED BUSINESS

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

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

Get involved with Sage!

14 Web Directory

18 Editor’s Note

19 In The NewsCHBA – Alberta 2015 Awards of Excellence in Housing fi nalists announced

20 In The NewsCondo and townhome prices up, detached down in Edmontonby Lydia McNutt

28 Designer AdviceMoving in together in style!by Yanic Simard

30 Industry InsiderEdmonton looks like a winnerby Jim Rivait

36 Style FileGet the lookby Elisa Krovblit

42 Mortgage AdviceWhat will Bank of Canada’s interest rate cut mean for the economy, housing and you?by Alyssa Richard

46 FinancesTwo-thirds of Canadians fear an interest rate hike

65 Homebuyers’ HelpCondo Buyers’ Resource Section

COLUMNS / NEWS / HOMEBUYERS’ HELP

The LegerAn exciting development located in the heart of Terwillegar

ON THE COVER

CONTENTS

AUG 14 - SEP 11, 2015 VOLUME 23 ISSUE 09

21 South West

31 South East

35 Sherwood Park

37 Leduc

38 Beaumont

39 North East

43 Fort Saskatchewan

45 St. Albert

47 North West

53 West

55 Spruce Grove

57 Downtown

63 South Central

PROJECT LOCATION MAPS


PRESIDENT, YELLOW PAGES NEXTHOME

Jacqueline HillEDITOR-IN-CHIEF / DIRECTOR OF CONTENT

Susan LeggeDIRECTOR OF SALES, NATIONAL

Moe Lalani SENIOR SALES MANAGER, WESTERN CANADA

Edwin RizarriART DIRECTOR

Victoria CiganEDITOR

Lydia McNuttCONTRIBUTING EDITORS Wayne Karl Elisa Krovblit Sara Duck (on leave)DESIGN EDITOR

Yanic Simard

SALES MANAGER, ALBERTA

Shelley Balla 587.784.4044

NATIONAL CIRCULATION MANAGER

John Jenkins PRODUCTION MANAGER

Bala Gnanapandithan PRODUCTION CO-ORDINATOR

Hannah YarkonyGRAPHIC DESIGNERS

Viosa Barileva, Miguel Cea, Mike Terentiev

PO Box 458 Station Main Edmonton, AB T5J 2K1 YPNEXTHOME.CA

COPYRIGHT 2015 Copyright covers the contents of this publication and prevents reproduction in whole or in part; offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher. The publication, the publisher and the printers shall not be responsible for any typographical errors, mistakes, misprints, spot colouring or any information or lack of information furnished by the advertisers.

ADVERTISING RATES T 587.784.4044 email [email protected]

CIRCULATION Edmonton’s New Condo Guide is published every four weeks, 13 times per year. To submit articles or advertising, we are located at PO Box 458 Station Main Edmonton, AB T5J 2K1. New Condo Guide is free to the public.

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.

CONTENTS

PROJECT PROFILE

GRIESBACH’S JUNO TOWNHOMESUrban-style living in natural surroundings 48

TOWNHOMES REIMAGINEDPivot is a head-turner 26

SUSAN LEGGEEditor-in-chief

[email protected]

Follow me on Twitter atTwitter.com/SusanLegge

Like us on FacebookSearch: Condo Guide

LYDIA MCNUTTEditor

[email protected]

Follow me on Twitter atTwitter.com/LydiasTweets

EDITORS’ NOTE

GET IT IN WRITINGBuying a brand-new condo o� ers an opportunity to get the home you really want. It can be a dream come true and an investment for the future, but don’t forget, it’s also a legal transaction. The term “get it in writing” has never been more important, since it outlines everything your new 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 between you and your developer and/or builder. Without it, if there is a misunderstanding or disagreement, it’s impossible to prove what was originally promised.

Since buying a new condo is much more complicated than a resale transaction where the property likely already exists, there is no set Agreement of Purchase and Sale or standard contract. 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 these can vary from one company to another and from province to province.

Before you sign a contract, review it carefully with the builder representative, and ask questions to make sure you fully understand what’s in it. 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, so seeking the services of an experienced lawyer is an important step toward ensuring that your dream home becomes a reality.

WHY IT MAY NOT PAYTO PUT OFF YOUR PURCHASE Edmonton is seeing a slow but steady increase in home prices compared to this time last year, up 3.3 per cent according to the latest fi gures from the Realtors Association of Edmonton. What does this say about the current state of the housing market?

Homebuyers who have been waiting for the sky to fall (along with oil and real estate prices) haven’t seen that worst-case scenario play out, and are now focusing on the silver lining of that dark cloud – plenty of pickings, and low interest rates.

“We continue to be surprised by how strong prices have been this year compared to last, when we had higher sales and very tight inventory,” says Geneva Tetreault, chair of the Realtors Association of Edmonton. “The ‘wait and see’ attitude of buyers seems to be diminishing, but people continue to be cautious.”

The Bank of Canada recently dropped its key lending rate to 0.5 per cent, and the big banks quickly followed suit. This is great news for homebuyers and homeowners who are shopping for a mortgage. Meanwhile, those sitting at a variable rate should consider locking in. We never know when rates will rise, and even a fraction of a percentage point on your interest rate can translate to thousands of dollars over the life of your mortgage.

Know that sooner or later, interest rates will rise, and home prices are already trending upward. If you’ve been among those thinking about buying a home, what are you waiting for? You could be missing out on a prime purchasing opportunity.


IN THE NEWS

The Canadian Home Builders’ Association (CHBA) – Alberta has announced the 75 fi nalists for the 2015 Awards of Excellence in Housing,

presented by RBC Royal Bank. More than 400 entries were submitted for judging by over 140 industry members. Winners in the 25 individual categories plus three prestigious Builder of the Year Awards will be announced on Sept. 18 at BUILD 2015, held in Jasper.

“This year we have fi nalists from all six of the local home builder associations from across the province. That demonstrates the tremendous pride our builders, renovators and developers take in their work,” says Tally Hutchinson, president, CHBA – Alberta. “Our Members are competing to be named Alberta’s best in a range of categories that refl ect the options available in today’s marketplace. The single-family home award categories start with homes priced at under $250,000 without lot or GST, and go up to beautiful estate homes selling for more than $1.5 million. Other sectors of the housing market are well represented with awards for the best multi-family, Green home, community developments and renovations.”

The Calgary Region leads this year’s competition with 34 fi nalists, followed by Edmonton Region with 29, Lethbridge with eight, two from Central Alberta, and one each from Grande Prairie and Medicine Hat.

The highlight of the evening will be the

CHBA – Alberta 2015 Awards of Excellence in Housing

fi nalists announced

announcement of the Builder of the Year Awards forthe best overall scores in the competition. CHBA – Alberta will present awards to the top multi-family,small-volume and the Ralph Scurfi eld Award to thelarge-volume builder.

“Alberta builders are always looking for new and innovative ways to satisfy consumer demand for attractive homes that suit their individual lifestyles and budgets. This year’s award fi nalists are wonderful examples of the projects produced by the province’s highly competitive residential construction industry,” says Jim Rivait, CEO, CHBA – Alberta. “Whether you are looking to buy or renovate a home, you will fi nd lots of great choices by starting with a visit to the show homes and websites of this year’s fi nalists.”

CHBA – Alberta has also announced the fi nalists for the Safety Leadership Awards. Nine companies are competing for the awards sponsored by ATCO Gas. The awards will also be presented at BUILD 2015, CHBA – Alberta’s annual conference.

CHBA – Alberta is the voice of the residential construction industry in the province. It represents more than 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services. Visit chbaalberta.ca


IN THE NEWS

Condo and townhome prices up, detached down

in Edmonton

Edmonton saw average home prices fall as inventory rose in July. The dollar figure was dragged down by a dip in the single-detached

market, but this wasn’t the case across all housing types.Owners of condos and townhomes enjoyed a month-

over-month increase in their investment in July, seeing price growth of 0.4 per cent on condos and 1.4 per cent on towns, according to the latest sales statistics from the Realtors Association of Edmonton. However, in spite of these modest price hikes, the overall residential price dipped by 1.4 per cent, thanks to a 1.8-per-cent decline in single-detached prices from June figures.

The Board attributes the month-over-month decline to higher inventory and lower sales numbers.

However in year-to-year comparisons, residential prices were up 3.3 per cent.

“We continue to be surprised by how strong prices have been this year compared to last, when we had higher sales and very tight inventory. The ‘wait and see’ attitude of buyers seems to be diminishing, but people continue to be cautious,” says Geneva Tetreault, chair of the Realtors Association of Edmonton.

Home sales fell across the board in July, down 9.8 per cent month-over-month and a year-over-year decline of 2.8 per cent.

On average, it took 50 days to sell a property, up from 46 days at this time last year. Single-family homes spent an average of 48 days on market in July of 2015, townhouses took 43 days to sell, and condos 54 days.

By Lydia McNutt

AVERAGE HOME PRICE, Q2 2015

Housing type Avg. price Month-over-month change

Condos $256,708 +0.4%

Townhomes $356,237 +1.4%

Single-detached $436,948 -1.8%

Average $372,910 -1.4%

“We have seen the biggest drop in condominium sales year to date, at 14 per cent. That drop, coupled with an increase of condo listings of 17 per cent, explains why condos are taking longer on average to sell. Some of these buyers may be moving over to duplex/townhouse options, which is the only residential category showing an increase of sales of six per cent year-to-date.”

Tetreault continues, “We are seeing the effects of many condominium projects that broke ground when inventory was coming onto the market recently. Condominiums continue to offer the best price point for those entering the housing market and the ease of care and smaller size that appeal to an older demographic.”

Higher priced property sales are on par with last year, likely contributing to the strong average prices in 2015 so far. There were 73 properties over $1 million sold by this time last year, the exact same number as this year.

By the end of July, inventory of homes on the market was strong, at 7,226, up slightly from 7,177 in June and well above the 5,609 homes available for sale at this time last year. All residential listings were up year-over-year by 14.9 per cent, but down month-over-month from June by 2.2 per cent.

“We have seen the biggest drop in condominium sales year to date, at 14 per cent. That drop, coupled with an

increase of condo listings of 17 per cent, explains why condos

are taking longer on average to sell,” says Tetreault.


QUESNELLBRIDGE

North SaskatchewanRiver

WHITEMUD DR.

104

St.

109

St.

111

St.

119

St.

127

St.

141

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51 Ave.

40 Ave.

34 Ave.

19 Ave.

9 Ave.

Blackburne Drive

76 Ave.

Fox Dr.

105

St.

Rabbit Hill Road

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Haddow Dr.

LansdowneDr.

BelgraviaRd.

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23 Ave.

23 Ave.

Ellerslie Road

30 Ave.

50 S

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91 S

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MAP LISTINGS

SouthWestEdmonton

1 THE LEGER BY BRASS III

DEVELOPMENTS

625 Leger Way

2 LUX CONDOS BY Z2 1306C Windermere Way

3 VISTAS AT CALLAGHAN NORTH BY ROHIT COMMUNITIES

2632 Bowen Way SW

4 ATRIA BY PARK HOMES

2803 James Mowatt Trail

5 ALLURE BY CARRINGTON

COMMUNITIES 4042 MacTaggart Dr

6 ALLARD TOWNHOMES BY ROHIT COMMUNITIES

675 Allard Blvd SW

7 ESSENCE AT WINDERMERE SOUTH BY COVE PROPERTIES 170 Street & Ellerslie

8 JAYMAN MODUS 3837 Powell Wynd SW

9 ELAN BY CARRINGTON COMMUNITIES

1144 Adamson Dr SW

10 ELEMENTS AT WINDERMERE BY CARRINGTON

COMMUNITIES

340 Windermere Rd.

11 MAGRATH GREEN BY LANDMARK COMMUNITIES

2003 Rabbit Hill Rd.

12 CREEKWOOD LANDING BY CARLISLE GROUP

11804 - 22 Ave SW

13 E’SCAPES BY CARRINGTON COMMUNITIES

11080 Ellerslie Road

14 CROSSROADS OF RUTHERFORD BY STREETSIDE

DEVELOPMENTS

1816 & 1820 Rutherford Dr

15 THE SIGNATURE BY WESTRICH PACIFIC

5151 Windermere Boulevard

16 GLENRIDDING HEIGHTS TOWNHOMES BY ROHIT COMMUNITIES 16003 10 Avenue SW (located off 170 and south of Ellerslie rd)

17 ALTIUS GRAYDON HILL BY STREETSIDE

DEVELOPMENTS

1005 Graydon Hill

18 SOUTH CALLAGHAN TOWNHOMES BY VOCO

Corner of Casselman Link & Cunningham Way SW

19 SPARROW LANDING AT LARCH PARK (NET ZERO TOWNHOMES) BY LANDMARK COMMUNITIES

7504 May Common

20 SOUTH TERWILLEGAR BY PARK HOMES

4105 - 7323 South Terwillegar Dr.

21 LANGDALE TOWNHOMES BY ROHIT COMMUNITIES

704 176 Street SW

22 PIVOT RUTHERFORD BY AVERTON HOMES

Ellerslie Rd & 119 St

23 CREEKWOOD CHAPELLE BY AVERTON HOMES

28 Ave & 141 St

24 TRIUMPH AMBLESIDE BY STREETSIDE

DEVELOPMENTS

1115 Armour Link SW

14

6

11

2

8

20

14

24

17

19

4

2

2118

22

23

1513

7

93

1

16

10

STRONG \\ SOLID \\ SECURE \\ CARRINGTON.CA

Please see our ad between pages 18 and 19

SOUTHWEST EDMONTON Call Craig 587.520.6775

CONDOS FROM $236,3001144 Adamson Drive SW


BR

ASS

3.C

OM

When people think about the typical apartment-style condo in Edmonton they think about a 600–800 sq ft

home. That’s why BRASS III’s new project, The Leger, will come as a pleasant and unexpected surprise. Designed for those who love the Riverbend area, who want the maintenance-free lifestyle that a condo offers, but who want lots of living space, The Leger delivers.

BRASS III has an excellent reputation as a builder of choice in the Riverbend/Terwillegar area. They know the community, they know the amenities and residents, and they know how to build great projects (they’ve built over a dozen projects in the area to date). This is amplified at The Leger.

The Leger’s 60 units range from two-bed-room, two-bathrooms, to two-bedroom plus den plus two bathrooms, and are between 1,250 and 1,550 sq ft. All units features nine-foot ceilings, premier finishings like hardwood and tile floors, granite countertops, seven appliances (stainless steel appliances in the kitchen) and oversized balconies. All homes are self-contained, too, with their own hot water tank and heating sys-tem, and in-suite laundry.

The building will also have low condo fees because there are no common amenities in the building—other than the heated underground parking. Instead, resources are put toward towards elements like soundproofing and im-proved construction materials.

The Leger is in a prime location, in the heart of Terwillegar. It is steps from the new multimil-

lion dollar Terwillegar Community Recreation Centre (with its pools, indoor track, gym, gymnasiums, ice sheets and indoor playground) and just a quick hop to the community’s main transit hub on 23rd Avenue. It’s also proximate to grocery stores, shopping, restaurants, cafes,

doctors and other professionals, schools and golf courses. And being close to both the Antho-ny Henday and the Whitemud Freeway makes commuting quick and simple.

There are a handful of floorplans to choose from, and suites start under $300,000. Now selling and possessions start in Feb 2016. Of course, the sooner you get in the more choice you have on floorplans and units.

So swing by the sales centre today at 625 Leger Way. For more information, you can also go to www.brass3.com, or call Troy Stenson from Re/Max River City at 780-918-0678 or 780-439-7000.

EXPECT THEUNEXPECTED AT the LEGER

SUITE 106, 1550 SQ FT


SOUTHWEST

DISCOVER THE

UNEXPECTED... ...DISCOVER

the LEGER

Terw

illeg

ar D

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Dr

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illeg

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Rabbit H

ill Rd

Rabbit H

ill Rd

Rabbit H

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Rabbit H

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Rabbit H

ill Rd

Rabbit H

ill Rd

Leger Way

Leger Way

Leger Way

23 Ave23 Ave23 Ave

TERWILLEGARTERWILLEGARTERWILLEGARREC CENTREREC CENTREREC CENTRE

TRANSITTRANSITTRANSITSTATIONSTATIONSTATION

Leger Way

Leger Way

Leger Way

Leger BlvdLeger BlvdLeger BlvdLeger BlvdLeger BlvdLeger Blvd

Leger Rd

Leger Rd

Leger Rd

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AN EXCITING NEW

DEVELOPMENT BY

LOCATED IN THE HEART

OF TERWILLEGAR

JUST STEPS TO

REC CENTRE &

TRANSIT STATION

REGISTER ONLINE FOR EXCLUSIVE UPDATES ANDPROMOTIONS:BRASS3.COM

• Only 60 Suites • Choose from 2 Bedroom or 2 Bedroom + Den• Large suites ranging in size from 1255 to 1550 sq ft

CELL 780.918.0678 / OFFICE 780.439.7000

SALES & MARKETING BY TROY STENSON, RE/MAX RIVER CITY

CONSTRUCTION HAS BEGUN

BRASS III

NOW 70% SOLD

LOCATED AT 625 LEGER WAY

23

atria.parkhomes.ca follow us on and

Designer Show Homes open at:2803 James Mowatt Trail,South West EdmontonTel: 780.809.8580Mon to Thurs: 3 – 8pmWeekends and Hols: Noon – 5pm Closed Friday

Prices starting from the $290’s incl. GST

Park Homes is proud to have received the 2015 Canadian Home Builders‘

‘Award of Excellence in Housing’ for the highly successful Atria town homes,

located in the vibrant new Callaghan South community. Plan to visit Atria soon

to see what makes our homes so appealing to a broad range of purchasers.

Created in a timeless Georgian style, with elegantly proportioned architecture,

well-designed front entrances and charming window boxes. Contemporary

home has an attached double garage!

IMMEDIATE

POSSESSION

Only 10 Award-Winning TownHomes Left! Don’t Miss Out.

24

NOW SELLING IN 14 LOCATIONS ACROSS ALBERTA

FOR MORE INFORMATION VISIT:

carlislegroup.ca

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

EDMONTON & AREAErin Ridge Gate - St. Albert

Vita Estates - NW Edmonton

Elements II at McConachie - NW Edmonton

MacTaggart Ridge Gate - NW Edmonton

Aurora Greens - SW Edmonton

Creekwood Landing I & II - SW Edmonton

Heritage Valley Station I & II - SW Edmonton

CALGARY & AREAAlbert Park Station - Downtown Calgary

Creekside Village - Airdrie

Emerald Sky - NW Calgary

Legacy Gate - SE Calgary

Stonecreek Landing - Cochrane

NORTH SHOW SUITE:

780.977.0616

inquire about immediate occupancies

SOUTH SHOW SUITE:

780.438.6693ARTIST’S RENDERINGS ONLY

FROM THE

$140’S

PROJECT PROFILE

Averton’s new Pivot townhome project is truly one of a kind in Edmonton. It’s a contemporary, ground-oriented community that’s inspired

by the surrounding landscape (think parks and lots of mature trees).

Interestingly, the project is called Pivot because the majority of homes are staggered versus being built in square blocks, which allows everyone to have a private terrace and take advantage of the surrounding natural amenities. Although zoning allows for close to 400 units, Pivot will have just 138 homes on this large 7.5-acre site, because Averton wanted a spacious community that complemented the area.

Located in the established south side community of Rutherford, this infill project is unique both in look and setting. The homes are contemporary and anything but “cookie cutter,” and there’s no construction around the project, so homeowners won’t have to live in a construction zone for years on end. In fact, owners will

get to live in an established neighbourhood in a park setting, in homes that are unique, stunning and second-to-none.

With each ground-oriented Pivot townhome, homeowners enjoy their own private driveway leading up to their front door. It was designed with meandering roads that are 20 per cent larger than most townhome projects. These stylish homes are modern and available in three- and four-storey models. Urban models feature front yards, while the Park and Forest models have front and rear yards. Both the Park homes and Forest homes also have models available with fourth-storey sky terraces – perfect for entertaining or private nights watching the stars – that are partially covered and have an enclosed room.

With Averton’s commitment to design, they teamed up with an international award-winning architect and created what could well be the most exciting housing development Edmonton has seen in recent times.

TOWNHOMES REIMAGINED Pivot is a head-turner


By reimagining townhome living and keeping lifestyle in mind, Pivot was created for those looking to move up to something more stylish (and attainable) or downsizers seeking worry-free living in a great location.

All Pivot homes have modern, European-inspired interiors that include nine-ft. ceilings in the main living areas, open plans, contemporary flooring and interior options, stunning kitchens with stainless steel appliances and granite countertops, lots of closet space throughout, and large windows to bring in the natural surroundings.

Because Averton believes that Edmonton streetscapes deserve to be revitalized, the exteriors and interiors have been married to create a large spectrum of floor plans. The townhomes range from 1,077 to 2,048 sq. ft., starting at two bedrooms and 1.5 bathrooms and ranging up to four bedrooms and 3.5 bathrooms.

Pivot in Rutherford is in an established, mature neighborhood close to Ellerslie Road, Hwy. 2, Anthony Henday Drive, 41st Avenue as well as Whitemud Drive

and 111th Street. That means both downtown Edmonton and the international airport are 15 minutes from this project, South Edmonton Common is five minutes away, and the University of Alberta and West Edmonton Mall are a short 15-minute drive from your doorstep.

Conveniently, there are also four bus stops providing direct transit access close to the townhomes, and it’s within walking distance of the future LRT expansion and five minutes from Century Park LRT station. Most importantly for young families, the stunning townhomes are directly across the street from Johnny Bright School (K-9).

The loft-meets-townhomes range from the low $290,000s to the $600,000s. Pivot is now previewing. For more information on how you can be a part of this exclusive community, email to [email protected] or call

780.701.7296. Visit Averton.ca


Story by Yanic Simard | Photos by Stacey Brandford

DESIGNER ADVICE

Story by Yanic Simard | Photos by Stacey Brandford

Moving in together in style!

Do we have to keep that? What is that? What do we have two of, and what do we need to buy? These are just some of the

questions that will come up. Reality sinks in once you move in together.

You have to share a space, and your space ultimately refl ects your style. Weather it’s that childhood teddy bear collection, or that ugly thing that resembles a sofa, the issue that arises is how to blend two pasts, and still have a unifi ed, well-decorated, tasteful place to call “home.”

So, what’s the secret to success? You both need to be on board, and working toward a design goal that will make both of you happy at the end of the day. Hopefully you share at least some of the same taste!

Opposites attract: Pairing your pieces together can work. Mix heavier and lighter pieces together, and combine opaque with transparent. When you start mixing and matching your styles, you will be surprised at how harmonious it can look. Just make sure that you listen to each other – you need to understand each other’s needs and wants. It’s a good idea to spend a weekend and analyze what you both have to determine where you stand in terms furnishings for your home.

Kiddie corner: Children will determine a lot of things, such as what you really need to invest in. Do you really need that 52-inch plasma television, or should you spend on something your hard-earned money else? Make a wish list that is prioritized, starting with what you really need and where your money needs to go fi rst.


Old is new again: If you have a piece of furniture that you just can’t let go of, changing the look of it is the best way to hold onto it. Consider re-upholstery or painting it to match your new blended décor. Complement your existing furniture with newer pieces that link both styles. You can take one set of dining room chairs, match it with a dining room table from another set, and purchase a new light fixture that will join the two styles. By combining your pieces, you can create some of the most visually interesting and appealing rooms.

Merging your styles together will not happen overnight. Eventually the two styles will come together, creating what will hopefully be a balanced and harmonious space. Combining the styles will take thought. It just needs to be executed in the right way.

Yanic Simard is New Condo Guide’s design editor, a regular guest expert on City’s Cityline,

and principal designer of award-winning design firm TIDG (tidg.ca). Check out

Yanic’s accessory line, Yanic Simard Selected, by visiting

online at ysselected.com


Jim Rivait is chief executive officer of the Canadian Home Builders’ Association – Alberta. Starting his career working in government, Jim spent the last decade working in the private sector specializing in government relations, advocacy,

strategic communications, policy development/analysis and

association management.

By Jim Rivait

INDUSTRY UPDATE

Edmonton looks like a winner

Edmonton and Calgary have always enjoyed a friendly rivalry. Right now, Edmontonians have lots to boast about.

We got lucky landing Connor McDavid in the NHL draft, new NDP Premier Rachel Notley is from the capital city, and our economy is experiencing a lot less turbulence than our neighbour to the south.

While all of Alberta is doing better than economists had expected after oil prices started falling a year ago, Edmonton has been a standout in the crowd.

The housing market is a great example. A recent report from Royal LePage showed house prices had climbed for both single-family homes and condos over the last year. Bungalows rose 4.1 per cent and condos climbed 4.4 per cent in Edmonton during a period where Calgary prices edged down.

CHBA – Alberta’s economist Richard Goatcher tracks construction trends for the industry and his monthly reports show a sharp split between Alberta’s two biggest cities, with home starts falling in Calgary but showing strength in Edmonton.

Edmonton builders poured foundations for more than 3,000 new single-family homes in the first half of this year. That’s up almost three per cent over last year’s strong results. Those homebuyers have recognized that the city’s long-term prospects are bright and now is a great time to invest in the homes of their dreams.

Today’s amazingly low interest rates will enable those buyers to pay down debt faster and build equity sooner. The Bank of Canada’s decision to lower interest rates again means the window of opportunity to lock in a historically low rate will be open – for at least a little bit longer.

Even more impressive is the explosion of activity in the multi-family market. That side of the industry is having a banner year with starts up almost 90 per cent to more than 6,000 units.

A big rush of investment in the rental market is one factor driving extraordinary activity levels. And that should send a signal to anyone who is considering buying a new home.

Investors have looked at our city’s economic fundamentals and decided this growing market will provide long-term secure returns. That confidence promises to bring even more construction to Edmonton. A recent article by ATB Financial Chief Economist Todd Hirsch noted that building permits in Edmonton are still trending up.

Landlords with major holdings are also seeing opportunities in the current economy to buy up apartment blocks more cheaply now and lock in future returns. At least one is even hoping to take advantage of homebuyer hesitation to retain tenants and keep money flowing in.

When the folks who collect your rent are seeing positive signs in the housing market, not just in Edmonton but all across Alberta, maybe it’s time

to check out what your monthly rent payments could buy in a new home.

Right now, Edmonton appears to be a little bit ahead of Calgary on the economic curve but the Stampede City will be running strong again before long. But we can all still look forward to razzing Flames fans about McDavid even when they two cities are back at even strength in the economic field.

The Canadian Home Builders’ Association – Alberta represents more than 1,500 business members including new home builders, renovators, developers, trade and supply companies, and professional services.


1 CHARLESWORTHBY LANDMARK COMMUNITIES

5503 - 3 Ave. SW

2 REVVBY INFINITY HOMES

1480 Watt Drive

3 WALKER LAKE LANDINGBY CARLISLE DEVELOPMENTS

Corner of Welsh Dr. & Watt Blvd SE

4 TAMARACKBY LANDMARK COMMUNITIES

655 Tamarack Rd.

5 LARKSPUR LANDINGBY ROHIT COMMUNITIES

2845 - 43 Ave NW

6 AURORA BY MELCOR HOMES

1090 & 1092 Watt Promenade SW

7 ELEMENTS AT WILLOWHAVENBY CARRINGTON COMMUNITIES

5521- 7 Avenue SW

8 ASPEN MEADOWSBY LANDMARK URBAN LIVING

43A Ave. & 23 St.

9 SOUTHERN SPRINGSBY PARK HOMES

655 Watt Blvd.

10 THE EDGE IN ELLERSLIEBY DAYTONA HOMES

#44, 6520-2 Avenue SW

11 THE VILLAGE AT WALKER LAKESBY LANDMARK COMMUNITIES

804 Walsh Drive SW.

MAP LISTINGS

SouthEastEdmonton106 Ave.

50 S

t.50

St.

North Saskatchewan

River

BASELINE RD.101 Ave.

98 Ave.

90 Ave.Whyte - 82 Ave.

76 Ave.

63 Ave.

34 S

t.

17 S

t.99 S

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91 S

t.91

St.

66 S

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23 Ave.

34 Ave.

39 Ave. 38 Ave.M

illw

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Rd.

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86 S

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83 S

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51 Ave.

41 Ave.

75 S

t.

Sherwood Park Fwy.

43 Ave.30 St.

Whitemud Fwy.

Argyll Rd.

Pars

ons

Rd.

101

St.

Anthony Henday Dr. 216

Ellerslie Rd.6

2

4

1

3

10

117

5

8 4

9



SOUTHEAST EDMONTON Call Amanda 780.761.3144

CONDOS FROM $241,9004008 Savaryn Drive SW


Current. Cultured. Rooted.

PRIME SOUTHEAST EDMONTON TOWNHOMES NOW SELLING

Dennis Warwa780-701-3078804 Welsh Drive [email protected] theVWL.ca

PROUDLY BUILT BY

You’re ready tomake your move

• Convenient appointment, day or night,home or offi ce

• Competitive rates on a wide selection ofmortgages

For convenient mortgage service, contact:

Nancy Bruno-Romeo

Mobile Mortgage Specialist

Tel.: 780-973-8892 Cell: 780-908-7183 [email protected]

Mortgage Expertise at Your Doorstep 24/7® Registered trade-mark of Bank of Montreal.

74_BMO_20/13

What’s next for you?

You’re ready tomake your move

• Convenient appointment, day or night,home or offi ce

• Competitive rates on a wide selection ofmortgages

For convenient mortgage service, contact:

Nancy Bruno-Romeo

Mobile Mortgage Specialist

Tel.: 780-973-8892 Cell: 780-908-7183 [email protected]

Mortgage Expertise at Your Doorstep 24/7® Registered trade-mark of Bank of Montreal.

74_BMO_20/13

What’s next for you?


GET IN TOUCH TO LEARN MORE! EMAIL [email protected] 780-701-3086VISIT 812 Welsh Drive SW

it’s what’s inside

PROUDLY BUILT BY

theVWL.ca*Visit the Village at Walker Lake’s Stonehaven Condo Sales Centre for complete details. Offer subject to change without notice and is not combinable with any other offer.

FREE GRANITE KITCHEN COUNTERS +

FREE TILE FLOORS IN BATHROOM AND LAUNDRY ROOM

FOR THE NEXT 15 STONEHAVEN

CONDOS PURCHASED!

FANTASTIC STYLE wiTh FREE GRANITE + TILE

PLUS ASK ABOUT OUR DOWN PAYMENT PROGRAM

66 S

T SW

ELLERSLIE RD

WELSH DR SW

12 AVE SW

13 AVE SW

64 ST SW

WATT BLVD SW

STONEHAVEN Ⅰ

Built Green(16/1)-/ah


SOUTHEAST

TO EDMONTON

Beauvista Dr.

Wye Rd.

Wye Rd.

Sherwood

Dr.

Broadm

oor Blvd.

Brentwood

Blvd.

Clover Bar Rd

.

Granada Blvd. Sherwood Dr.

Rang

e Rd.

233

Rang

e Rd.

232

Sherwood Park Fwy.

Baseline Rd.

Lakeland Dr.Palis

ades

WayCharlton

Way

Hwy. 16

Summerwood Blvd.Clarkdale Meadows

Jim Common Dr.

14X

14

14

21

1 SUMMERWOOD DUPLEXES BY ROHIT COMMUNITIES 100 Axbridge Gate

2 ASPEN TRAILS BY ABBEY LANE HOMES Axbridge Gate off of Lakeland Dr.

3 ETON PARK VILLAS BY CHRISTENSON COMMUNITIES Emerald Hills Aspen Trail & Eton Blvd.

4 LAKELAND RIDGE BY LANDMARK COMMUNITIES 219 Charlotte Way

5 CENTRE IN THE PARK BY CHRISTENSON COMMUNITIES 2021 Sherwood Dr.

6 ASPEN TRAILS DUPLEXES BY ROHIT COMMUNITIES 100 Axbridge Gate

MAP LISTINGS

SherwoodPark

2

1

7

6

5

4

3


By Elisa Krovblit

STYLE FILE

get the

LOOK

fab

FINDS!

Ektorp Tullsta Armchair, Blekinge White. $149.

ikea.ca

Moroccan Wool Rug from $199.

homesense.ca

Lucia Rectangular Coffee Table. $1,495.

elte.com

NATURAL and

NEUTRALare in!

Martens Double-Door Cabinet in Aged Elm,

$2,395 - $2,795.restorationhardware.com

The look of reclaimed wood is trendy, but timeless.

love!


Black Gold Dr.

Rollyview Rd.

Southfork Dr.

Simpkins Wynd

50 St.

50 Ave.

50 S

t.

48 S

t.Highway 2A

Hig

hway

2

Telford Lake

Black Gold Dr.South Park D

r.

Bridgeport B

lvd.

Gra

nt M

acE

wan

Blvd

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Leduc

1 WINDROSEBY LANDMARK COMMUNITIES

61 Windrose Drive

2 THE SPRINGS AT BRIDGEPORT BY CHRISTENSON COMMUNITIES

102 Bridgeport Crossing

3 ROYAL WEST HOMES81 Acacia Circle

4 SOUTHFORKBY JAYMAN MODUS

319 Southfork Dr

5 THE RUSHES OF SOUTHFORKBY HUNTER RESIDENTIAL DEVELOPMENTS

401 Southfork Drive

MAP LISTINGS

3

4 5

1

2

by HUNTER RESIDENTIAL DEVELOPMENTS

THE

Affordability ADVANTAGE!

2 bedroom, 2.5 bathroom townhomeswith attached garage from $264,900!

To book a viewing of the new show suites please contact Kit at 587-896-6107

EMAIL [email protected] WEB www.rushesofsouthfork.ca

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

POPULATION 39,000 and growing “Small city” living within minutes of “Big city” amenitiesLOCATED 20 kilometers south of Edmonton on Hwy. 2SCHOOLS 7 Elementary, 2 Junior & 2 Senior High - Public, Private & Separate school systemsGROCERY Variety of shopping

RECREATIONAL FACILITIES Black Gold Recreation & Culture Centre, Performing Arts Centre, 18 hole Golf Course & Public LibraryMEDICAL FACILITIES Full Service Community Hospital and Full Ambulance servicePARKS & PATHWAYS 27 parks including Telford Lake, Fred John’s Park & Lions campground

The City of Leduc, a thriving Industrial, Commercial & Agricultural Community continues

to experience growth and expansion. A great place to call home!

WELCOME TO LEDUC


POPULATION Approximately 8,361LOCATED 2 miles South of Edmonton on 50 StreetSCHOOLS 5 Schools from Kindergarten to Grade 12, French Immersion offered in allGROCERY Sobey’s & Extra FoodsRECREATIONAL FACILITIES Beaumont Regional Activities Centre and numerous outdoor facilities

MEDICAL FACILITIES 10 minutes to Grey Nuns Hospital, seved by Edmonton AmbulancePARKS & PATHWAYS Approximately 170 acres of parkland and 6 kilometers of inter-connected walkways

For more information call (780) 929-8782 or visit www.town.beaumont.ab.ca

Come visit us and discover why “Life Is Better In Beaumont”

1 COVENTRY HOMES 50 Ave. & 57 St.

2 GOUDREAU HEIGHTS BY CHRISTENSON COMMUNITIES 4900 - 62 St.

3 MONTROSE ESTATES BY SABA HOMES 3311 – 67 Street

MAP LISTINGS

WELCOME TO BEAUMONT

50 Ave.

43 Ave.

7 M

in. t

oEd

mon

ton

55 Ave.

50 S

t.

44 S

t.

57 S

t.

Coloniale Way

60 S

t.

Hwy 625 (Nisku Rd.)

Rue Montalet

30 Ave.

52 Ave.

Beaumont

2

3

1


1 TOPAZBY PARK HOMES

70-8318 180 Ave.

2 ELEMENTS AT HERMITAGEBY CARRINGTON COMMUNITIES

1196 Hyndman Road

3 SAVIDABY LANDMARK COMMUNITIES

3650 - 139 Avenue NW

4 NORTHSHOREBY CARRINGTON COMMUNITIES

6076 Schonsee Way NW

5 ELEMENTS AT MCCONACHIEBY CARLISLE GROUP

167 Ave. & 53 Street

6 CLAREVIEW VISTASBY LANDMARK COMMUNITIES

3625 144 Ave NW

7 CASSELMAN LANDINGBY ROHIT COMMUNITIES

#1, 5203 - 149 Ave.

8 AIR HARBOUR/ALTITUDEBY ROYAL WEST HOMES

175 McConachie Dr.

9 CY BECKER DUPLEXES

BY ROHIT COMMUNITIES

118 Cy Becker Blvd.

10 ALTIUS CY BECKERBY STREETSIDE DEVELOPMENTS

165 Cy Becker Blvd.

CAPILANOBRIDGE

118 Ave.

95 S

t.

82 S

t.97 S

t.

66 S

t.

50 S

t.

58 S

t.

34 S

t.

167 Ave.

195 Ave.

160 Ave.

137 Ave.

132 Ave.

120 Ave.122 Ave.

121 Ave.

38 S

t.

34 S

t.

151 Ave.

Hooke Rd.127 Ave.

153 Ave.

144 Ave.

112 Ave.

Ada Blvd.

104 Ave.

20 S

t.

129 Ave.

87 S

t.

MAN

NIN

G F

WY.


Fort

Rd.

144 Ave.

137 Ave.

91 St.

22 S

t.

YELLOWHEAD TRAIL

Hermitage Rd.

Fort

Rd.

Vict

oria

Tr.

MAP LISTINGS

NorthEastEdmonton

9

7

NORTHEAST EDMONTON | Call Jamie 780.705.9035

CONDOS FROM THE $150’S

142 EBBERS BLVD NW

elementsbycarrington.ca Please see our ad on the inside back cover

63

1 8

4 10

2

5


Whether you’re renting or buying,fi nding your next home has never been so easy.

startyour search here.

AMAZING CONDOS

fresh.vivid.lifestyle

LIVEatSAVIDA.ca

3670 - 139 Ave NW | 780-701-3093 [email protected]

Savida is a stylish new condo community in a prime location right beside the brand new Clareview Rec Centre. It’s a fun, fresh and beautiful new set of buildings at an exciting price point for first time home buyers. Savida features ten brilliantly laid out floor plans – from one bedroom to two bedrooms plus den.

It’s also just a short walk to the LRT and a variety of amenities, including shopping and restaurants. If you’re ready to buy your first home and want a fresh vivid lifestyle – then Savida is an amazing place for you: 5% down payments start at only $7845* with monthly mortgage payments of $755*! *Based on a $150,000 mortgage with a 2.69% 5-year fixed rate with a 25 year amortization, and including CMHC fees. Rates subject to change.

PROUDLY BUILT BY

from $156,900 inc. GST

By Alyssa Richard

MORTGAGE ADVICE

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.

What will Bank of Canada’s interest rate cut mean for the economy, housing and you?

On July 15, the Bank of Canada (BoC) cut the target for the overnight lending rate from 0.75 per cent to 0.50 per cent. This was just the second such rate cut since 2010, with the

BoC most recently cutting rates from one per cent to 0.75 per cent in January.

January’s rate cut came as a surprise, but this latest move had been anticipated in the weeks leading up to the announcement. Lower oil prices have led the Canadian economy into a slump, prompting debates over whether we are in a recession. That argument has mostly come down to the definition of the word – a recession is technically defined as two consecutive quarters of negative GDP growth. The BoC was careful not to use the “R” word in its announcement, but acknowledged the economy is under-performing and an interest rate cut was necessary to “help return the economy to full capacity and inflation sustainably to target.”

The rate cut has mixed effects, however. BoC Governor Stephen Poloz recently compared January’s rate cut to “life-saving surgery,” noting that the positive benefits outweighed any side effects such as increased levels of consumer debt. Since mortgage rates are closely tied to the BoC’s overnight rate, the housing market will also be affected. In areas where home prices have been skyrocketing, a rate cut may only make the situation worse, putting ownership further out of reach of first-time homebuyers.

Prior to the announcement, it was unclear what a rate cut would mean for an already overstimulated housing market. But in the hours following the announcement, it became clear that homebuyers were eager to take advantage of lower mortgage rates. Traffic to ratehub.ca surged 300 per cent as Canadians searched for better mortgage deals in the hours following the announcement. Mortgage brokerage Butler Mortgage lowered its five-year variable mortgage rate by 0.10 per cent almost immediately, to 1.88 from 1.99 per cent. The drop translates to $1,320 savings in mortgage payments over a five-year term.

TD was the first of the major banks to lower their prime rate, cutting it by 0.10 per cent. Within a day, many banks had lowered their prime rate by to 2.70 per cent.

Some remain unconvinced the cut will do enough for the average Canadian to save any money, or to stimulate the economy. Others worry the impact on the Toronto and Vancouver housing markets would increase disparity between those hot markets and the rest of the country, where real estate has been relatively stable.

So what does BoC’s latest announcement mean for you? If you have a variable rate mortgage, you can expect to save a few dollars a month when your interest rate drops. Interest rates on other variable-rate loans (such as lines of credit) are also likely to drop, freeing up some cash. If you’re

shopping for a house, your overall affordability will likely increase due to lower mortgage rates, but you may find that higher house prices quickly negate any advantage you might have had.

We’ll have the summer to find out what effect the cut has on the housing market and the economy as a whole. The next rate announcement is Sept. 9.


POPULATION Over 14,700

LOCATED Adjacent to the northeast boundary of the provincial capital, the City of Edmonton & 30 km from downtown Edmonton

SCHOOLS 6 Public Schools, 3 Separate Schools, 1 Christian School

GROCERY Sobey’s Station Square, Canada Safeway,

Extra Foods, Garden Market IGA

RECREATIONAL FACILITIES Dow Centennial Centre, Tennis courts, campground, golf courses, bowling lanes, baseball diamonds, indoor pool, outdoor ice rinks (2), curling rinking, indoor soccer, gymnasium, fitness centre

MEDICAL FACILITIES Hospital, local ambulance, 5 medical clinics

PARKS & PATHWAYS 360 hectares of park/recreational/natural land with 29 km of paved trails for walking, running, biking, rollerblading & cross-country skiing

For more information contact Tanya Stillborn (780) 992-6408 or visit our website at www.fortsask.ca or e-mail: [email protected]

A quiet, friendly,

family oriented

community.

“Move in

Next Door...

Neighborly Fort

Saskatchewan”.

1 ELEMENTS SENNA BY ROHIT COMMUNITIES 1 Santana Cres.

2 CLIO BY PARK HOMES #94th St Southfort Drive

99 Ave.

101 St.

95A Ave.94

Ave.

84 St.

North Sa

skatch

ewan R

iver

Highway 21

Highway 15 Hi

ghway

15

112 St.

97 Ave.99 A

ve.

82 St.

7 MINUTES

TO ED

MONTON

REDWATER

GIBBONS

TO SHERWOOD PA

RK

& EDMONTON.

10 MINUTES

17 K

M TO

BRUD

ERHE

IM

Westp

ark

Drive

WoodsmereClose

Westpark Blvd.

Wilshire Blvd.

MAP LISTINGS

WELCOME TO FORT SASKATCHEWAN

FortSaskatchewan

1

2


clio.parkhomes.ca follow us on and

Pre-construction prices start at $289,900 incl. GST

Clio is a new generation of Park Homes award-winning Georgian style three bedroom town homes, featuring elegant exteriors with charming window boxes and interiors designed for contemporary living:

• Warm laminate flooring through open plan main floor • Gourmet kitchens with five appliances;• Elevated nine foot ceilings on the main floor – and every home has an • Extra length two-car garage large enough for a full size truck and a second car! • Located in the vibrant new community of Southpointe, close to the city centre

Park Homes Award-Winning Style Comes to Fort Saskatchewan.

UNDER

CONSTRUCTION

Pre-sale Centre open at8530 94 St. Fort SaskatchewanMon to Thurs: 3 – 8pmWeekends and Holidays: 12 – 5pmClosed FridayTel: 780.809.8589

44

170

St.

184

St.

Cam

pbel

l Rd.

156

St.

Belle

rose

Dr.

Levasseur Rd.

Boudreau Rd.

167 Ave.Atkin

s Dr.

TO MORINVILLE

TO EDMONTON

Laco

mbe

Dr.

Ger

vais

Roa

d

St

urge

on R

d.

Perro

n

Giroux Rd.

McKenny Ave.

Sturge

on Ri

ver

Bo udreau Rd.

Poirier Ave.

Kingswood Blvd.

Gat

e Av

e.

Keill

or D

r. St. A

lbert .

St. Albert Tr.

Hebe

rt Rd

.

Sir W

inston

Church

ill Ave.

El

emen

t D

r.

Erin

Rid

ge D

r.

1 CITADEL VILLAGE BY CHRISTENSON COMMUNITIES St. Albert Trail & Ridge Drive

2 BOTANICA BY BOUDREAU DEVELOPMENTS LTD. 105 Bellerose Drive

MAP LISTINGS

St.Albert

1

2


FINANCES

Two-thirds of Canadians fear an interest rate hike

With the Bank of Canada’s recent move to lower its benchmark interest rate, higher lending rates and ballooning debt may be the furthest thing from many Canadians’ minds. But as they say,

what goes down must come up. Indeed, when rates do rise, the majority of Canadians fear they’ll feel the strain.

According to BMO’s Annual Debt Report released recently, almost two-thirds of Canadians carrying debt (64 per cent) would be stressed if interest rates rose two percentage points. One-quarter (25 per cent) would be “very stressed.”

Despite the distress, Canadians remain optimistic about the pace at which they can pay off their debt, and almost half plan to increase their debt in the coming year.

Crunching the numbers…⊲ $92,699 The average household debt in Canada⊲ 46% Canadians who feel some stress about their current debt load, down

from the past two years (54 per cent in 2014, and 57 per cent in 2013).⊲ 5 years The amount of time expected to pay off debt⊲ 46% The number of debt-holders who plan to take on more debt this year

“The sizeable number of indebted households that would feel very strained by a relatively moderate increase in interest rates is concerning,” notes Sal Guatieri, senior economist, BMO Capital Markets. “This is a worrisome side effect of a prolonged period of low interest rates and needs to be closely monitored, especially if rates continue to fall.”

“Interest rates have been hovering around historic lows over the past few years, so many Canadians may have become more comfortable over time with managing their debt,” says Christine Canning, head of Everyday Banking, BMO Bank of Montreal. “That said, rates will inevitably rise to normal levels, so it’s becoming increasingly important that Canadians stress-test their ability to afford the debt they currently have so they can effectively manage their finances in a higher rate environment.”

Canning adds that managing debt is a simple concept but can be much more challenging in practice. Working with a financial planner to help assess your spending patterns and determine priorities, such as paying down debt and saving for other goals, can make the process easier.

“I would be stressed if interest

rates rose by 2 percentage points!”

NAT’L ATL QUE ON Prairies AB BC

64% 77% 52% 69% 65% 59% 71%

Choose a shorter amortization. The shorter the borrowing period, the less you’ll pay.

Do your homework. Research to find the best rates on products such as mortgages and secured lines of credit to ensure you keep costs as low as possible.

Build a realistic budget. Developing a detailed budget that incorporates everyday expenses and debt repayment helps provide a clear picture of your financial standing. Building in funds for contingency spending can help you stick to a plan and avoid getting discouraged.

Manage credit card debt. Pay down credit cards, beginning with those that carry the highest interest rate, and consider using a low rate card for purchases. For those with multiple cards, try to limit yourself to one credit card that you pay off in full each month.

For more information visit bmo.com

4 TIPS TO PAY DOWN DEBT FASTER:


109

St.

127 Ave.

132 Ave.

176 Ave.

118 Ave.

111 Ave.

Stony Plain Rd.

137 Ave.

167 Ave.

153 Ave.

162 Ave.

124

St.

142

St.

149

St.

156

St.

170

St.

178

St.

184

St.

215

St.

199

St.

Antho

ny H

enda

y Dr

127

St.

121

St.

135

St.

97 S

t.

Kingsway Ave.

Yellowhead Trail

St. Albert Trail

May

field

Rd.

City Boundary

113A

St.

Castle Downs Rd.

142 Ave.

148

Ave

.

150 Ave.

153 Ave.

Princess

Elizabeth

Ave.

Cam

pbel

l R

d.

NorthWestEdmonton

7

119

13

1

12

14 6

23

5

4 10

8

1 COVENTRY HOMESCastle Downs Rd. & McCrae Ave.

2 ALBANY TRAILSBY FOOTPRINT DEVELOPMENTS

138 St & 167 Ave.

3 AVIVABY CARRINGTON COMMUNITIES

507 Albany Way

4 ALTIUS SKYVIEWBY STREETSIDE DEVELOPMENTS

12815 Cumberland Rd.

5 ALOFT SKYVIEW BY STREETSIDE DEVELOPMENTS

12804 - 140 Ave.

6 VALOURBY CARRINGTON COMMUNITIES

508 Griesbach Parade NW

7 BELLWETHER PARK132 Ave. & 132 St.

8 CAERNARRON KEEP -FIRST PLACE PROGRAMBY LANDMARK COMMUNITIES

14621 - 121 St. NW

9 STARLING LANDINGBY ROHIT COMMUNITIES

2405 Sparrow Common

10 MCCRAE ESTATESBY CHRISTENSON COMMUNITIES

4450 McCrae Ave.

11 STARLING DUPLEXESBY ROHIT COMMUNITIES

2407 Sparrow Crescent

12 LEGACY POINTEBY CONCEPT HOMES MASTER

BUILDER

18230 - 104A Street

13 STARLING AT BIG LAKEBY ROHIT LAND DEVELOPMENT

137 Ave & Ray Gibbons Dr.

14 JUNO TOWNHOMES BY SLOKKER CANADA WEST

2570 Pegasus Blvd.

MAP LISTINGS



NORTHWEST EDMONTON Call Dina 780.760.2002

CONDOS FROM $213,900508 Griesbach Parade NW


PROJECT PROFILE

GRIESBACH’S JUNO TOWNHOMES

North Edmonton’s Juno Townhomes, located in the coveted Village at Griesbach, combine urban style living with desirable

natural surroundings.The expertly developed and scenic neighbourhood

offers multiple lakes, numerous walking paths, and spacious green areas – including a 24-acre central park! Winner of Best Edmonton Community from 2011-2013, the Village at Griesbach offers residents an ideal

location boasting a quick commute to the city’s core, the Anthony Henday and Yellow Head Trail via 97 Street.

The community is also situated near an array of first-rate amenities including national retailers, services, and a K-9 school located within the neighbourhood.

Griesbach is a community that has claimed top marks for its “walkability,’ meaning residents can leave their car at home and take a stroll to a nearby store or service for their daily needs – a unique and highly desirable feature.


The maintenance-free townhomes are designed with an open-concept feel, range from 1,048 to 1,331 sq. ft., come in popular two- and three-bedroom layouts, and offer units with the option of an attached garage with driveway. With six different home layouts to choose from, as well as plenty of options in interior finishes and colors, the Juno Townhomes are sure to meet a variety of size, style, and design needs.

Attractive Hardi Plank exteriors in the neighbourhood’s signature heritage colours offer plenty of curb appeal to the townhomes, while spacious balconies, complete landscaping and fully fenced front yards finish the attractive design of the development.

Each beautiful Juno Townhome includes six appliances: a fridge, stove, dishwasher, microwave, and energy-saving front-loading washer and dryer. The interiors are effectively designed to maximize space and provide seamless flow from one room to another. All floor plans are space-engineered to deliver optimal room proportions for an efficient lifestyle.


With homes ranging from upper $200’s to the mid-$300’s (including GST), there is no better time to

become a Juno Townhome owner. For more information or to learn more about Griesbach’s Juno Townhomes,

visit their website at visitjuno.com or call the area sales associate, Rennie Wong, at 780.399.4591.

Nine-ft. ceilings are offered throughout the main living areas of the home, ensuring an open and airy environment. Plus, plenty of windows are presented throughout each space (window coverings included!) providing that natural light fills the home.

The townhomes feature a modern finishing package that showcases an up-to-date design with oversized baseboards and casings; as well as decorative, contemporary style lighting.

A designer kitchen is a focal point of the main living area of each home, and presents full-height upper cabinets with ceramic tile backsplash. Select units also include a large kitchen island with pantry cabinets and extended eating bar – perfect for quick meals or a homework station.

The second level of each home features a conveniently located laundry, and each bedroom is substantially sized, with the master suite including a private ensuite and double closet.

Juno’s Heritage-style townhomes feature an attached garage with driveway on the homes first level, which also includes a bonus den and powder room, as well as a spacious foyer.


RohitCommunities.com

Ray

Gib

bo

n D

r

137 Ave

Ant

hony

Hen

day D

r

Starling

Dr

•Threeuniquehomestylestochoosefromallwithattachedgarages

•Twoandthreebedroomhomesavailable

•Excellentinvestmentopportunity

•Fromthe$270,000’s!

Visit the duplex showhome at 2405 Sparrow CrescentLocatedonthecornerof137Ave.&RayGibbonDr.

CallPamHaymourat587.410.4191fordetails

PricesasofJuly27,2015andaresubjecttochange

NOW SELLING IN STARLING LANDING!

STARLING

$270,000’s

1 THE CALIFORNIAN PARKLANDBY ABBEY LANE HOMES

2035 Grantham Court

2 GROVENOR MANOR BY PELHAM MASTER BUILDER 10126 – 144 Street

3 SECORD CORNERSBY FOOTPRINT DEVELOPMENTS

9535 - 217 Street

4 STAFFORD GREENSBY ALDRITT HOMES

62 Ave & Getty Gate

5 JADEBY CARRINGTON COMMUNITIES

1004 Rosenthal Blvd

6 GLASTONBURY MEWS & ESTATES1589 Glastonbury Blvd

7 THE VANIER BY QUALICO LIVING 9820 165 Street

8 VIP AT CALIFORNIAN PARKLANDBY ABBEY LANE HOMES 2035 Granthan Court

9 GLENORA SKYLINE10220 - 140 Street

10 RENEW IN ROSENTHAL

BY DAYTONA

1 &2 8209-217 Street NW

11 THE PARC AT EDGEMONT35 Ave & Edworthy Way

QUESNELLBRIDGE

GROATBRIDGE

WHITEMUD FWY.

(215

St.)

Yellowhead Trail21

3 St

.

AN

THO

NY

HEN

DAY

111 Ave.

124

St.


107 Ave.

102 Ave.

100 Ave.Stony Plain Rd.

95 Ave.

87 Ave.

142

St.

149

St.15

6 St

.

163

St.

159

St.

170

St.

178

St.

182

St.

69 Ave.

Callingwood Rd.

Secord Blvd.

Rosenthal Blvd.

35 Ave

Stony Plain Rd.

May

field

Rd.

Buena

Vista Rd.175

St.

199

St.

Win

terb

urn

Road

MAP LISTINGS

WestEdmonton

1

29

3

5

810

11

4

7

6



WEST EDMONTON Call Trent 780.426.1686

CONDOS FROM $199,4001004 ROSENTHAL BLVD


SpruceGrove

StonyPlain

1 BARTH & GOSSET MANOR BY JAFFER DEVELOPMENTS Main St - 5211 50th St

2 WESTERRA MANOR Golf Course Rd & 79 Avenue

3 WILLOWS END BY JAFFER DEVELOPMENTS 48 Street & Willow Park Rd

MAP LISTINGS

1 SILVERLEAF AT JUBILEE PARK 500 Grove Dr

2 CENTURION TOWNHOMES BY PK DEVELOPMENTS

20 Vanderbilt Common

3 EDGEWATER VILLAS BY LANG BUILT HOMES

Just off of Harvest Ridge Dr

MAP LISTINGS

3

2

4

1

Grove DrHarvest

Vanderbilt Common

Jenn

ifer H

eil W

ay

Ridge DrWest

3

48 S

t. Gol

f Cou

rse

Rd.

46 S

t.

50 S

t.

44 Ave.

To H

ighw

ay

16

55 Ave.

47 Ave.

52 Ave.

To Jasper

Fairway Dr.

Oatway Dr.

Sout

h Pa

rk D

r.

Highway 16A, To Edmonton

79 Ave.

3

1

2

12


Please call for more information780.700.9225 | 780.722.6496

www.langbuilthomes.com

Lang Built Homes is excited to announce the start of construction on our New Adult community, Edgewater Villas, in Spruce Grove. We carefully choose this valuable location, in Harvest Ridge, because it borders both a park and a lake. Many of our Villas will include walk-out or daylight basements that back onto these amenities. Our customers have recognized the value of this property and have already responded by securing 12 of the 26 Villas being offered.

Our homes, in Edgewater Villas, are designed to create a quiet and secure maintenance free community where residents own both the land and the home. This is the lifestyle you deserve, so we invite you to enjoy time for travel, with the security of knowing your home is being maintained and cared for.

NEW ADULT VILLA PROJECT....

SHOW HOME NOW OPEN!

1 THE ULTIMA BY WESTRICH PACIFIC

10244 - 103rd Street

2 THE FOX BY LANGHAM DEVELOPMENTS

104 Street & 102 Avenue

3 SYMPHONY BY ROCKWOOD PROPERTY MANAGEMENT

9704 - 106 St.

4 VIBEBY CARRINGTON COMMUNITIES

10604 116 Street

5 ICON BY LANGHAM DEVELOPMENTS

Jasper Ave., North of 104 St.

6 ENCORE BY WESTRICH PACIFIC

103 St. & 102 Ave.

7 JASPER HOUSEBY LAMB DEVELOPMENT CORP

Jasper Ave. & 106 Street

8 GROVENOR MANORBY PELHAM MASTER BUILDER

10126 – 144 Street

9 MERIDIAN PLAZA BY CANCALI DEVELOPMENTS

111 St. & Jasper Ave.

10 PEARL BY REGENCY DEVELOPMENTS

Jasper Avenue & 119 Street.

11 QUESTBY REGENCY DEVELOPMENTS

Corner of 104 Ave. & 105 St.

12 HIGHSTREET DISTRICT PROPERTIESBY REGENCY DEVELOPMENTS

10523 - 123 St.

13 INFINITI ON 105BY MCLEOD PROJECT MARKETING

105 Street, west of 117 Ave.

LOW LEVELBRIDGE

JAMES McDONALDBRIDGE

HIGH LEVELBRIDGE 105 ST

BRIDGE

DAWSON BRIDGE

KINNARDRAVINE

124

St.

111 Ave.

112 Ave.

118 Ave.

111 Ave.

104 Ave.

107 Ave.

104 Ave.

102 Ave.

Jasper Ave.100 Ave.

116

St.

109

St.

105

St.

101

St.

VictoriaPark Rd.

River Valley Rd. 97 Ave.

100

St.

97 St.

95 St.

82 S

t.

Kingsway Ave.

Rowland Rd.


92 S

t.

Bellamy Hill

106

St.

127

St.

142

St.

144

St.

MAP LISTINGS

DowntownEdmonton

1

3

4 14

9108 7 5

211

12

6


Please see our ad between pages 18 and 19CONDOS FROM $165,900

10604 – 116 Street NW

DOWNTOWN EDMONTON Call Riley 780.705.1350


TOWERsymphony

9704 - 106 STREET (780)701-0058

R

Cut From A DiFFerent Cloth M A N O RGROVENOR

To book an appointment call:

780.982.2109

• Minutesfromdowntown• Closetotherivervalley• Traveler’sHomeWarranty• BUILTGREEN®SilverCertified

construction

• Spacious1&2bedroomsuites• 9footceilings• Street-levelentrances

&privateterraces• Securedundergroundparking

&convenientvisitorparking

Highest quality in home building!

Asuniqueasthehistoriccommunityitresidesin,

GrovenorManorhasbeendesignedbyoneofEdmonton’s

topArchitectstoprovideyoutheultimatecombination

ofcomfort,qualityofliving,privacyandstyle.

Visit Our Sales Centre

below the 270’s

CONSTRUCTION UNDERWAY!Winter 2015 Possession

10126 -144 StreetMonday-Thursday3-8pmClosedFridaysSaturday,Sunday,&mostholidays12-5pmPleasecallaheadonholidays!

www.grovenormanor.com

50 % SOLD

Starting

Grovenor_FullPg_CondoAd_April2015_V1.indd 1 2015-04-07 11:53 AM

DOWNTOWN


Edmonton’s best downtown location At 33 stories, Fox Two occupies the centre of Edmonton’s most sought-after downtown neighbourhood — the 104 Street Promenade. Situated on the corner of 102 Avenue and 104 Street, it is the last major tower to be built on this popular street.

Fox Two is the final and taller phase of Langham Developments’ Fox Towers project. The first phase — Fox One — is currently under construction and almost sold out.

Edmonton’s 104 Street Promenade was one of 4 finalists on the 2013 list of Great Streets in Canada, and is home to eclectic shops, restaurants and a summertime street-wide farmers’ market. Boasting a walk score of 98/100*, residents also enjoy unparalleled walkable and LRT access to the best of Edmonton, including the highly anticipated downtown arena.

Another Langham development, Icon Towers completed in 2010, was instrumental in hastening the rejuvenation of this popular neighbourhood, and the Fox Towers project will further cement its popularity.

Construction has now started

on Fox TwoVisit our Sales Centre on-site at the

northwest corner of 102 Ave. and 104 St.www.foxtowers.ca | 780.425.0369

*www.walkscore.com

Architectural excellenceThis striking 33-storey tower embodies superior design and quality in every respect. From the expansive glass feature wall commanding spectacular views of the city and river valley, to the bold and colourful suite interiors that reflect today’s most popular trends — Fox Two is modern architectural elegance personified.

Stylish, well-conceived interiorsOur dedicated team of designers were charged with creating the most efficient floor plans possible for every suite type in Fox Two. Every fixture, every fabric, every finish was selected to reflect today’s most popular trends and ensure timeless quality, beauty and longevity.

From architectural nuances like quartz kitchen countertops paired with sleek and colourful high-gloss kitchen cabinets, to creature comforts like heated parking stalls (at least 1 per unit), Fox Two is a testament to comfortable highrise living.

Choose from a total of 169 units in 1-3 bedroom configurations from 640 to 2,400 square feet.

The latest project from Langham DevelopmentsSince 2001, Langham has been creating exceptional developments — each imbued with the same unwavering mandate: to deliver strong unrivaled architecture, uncompromised in quality.

Langham is among Edmonton’s most experienced and reputable high rise builders, having completed 3 outstanding downtown towers to date: Icon 1, Icon 2 and Omega.

FoxF_CGDPS_Oct2014.indd 1 2014-10-06 8:04 AM

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

102 AVE NW

107

ST. N

W

JASPER AVE NW

109

ST. N

W

106

ST

. NW

105

ST. N

W

104

ST. N

W

269,900

LIVE STEPS TO EDMONTON’S NEW ICE DISTRICT

SPECTACULAR LUXURY RESIDENCES

1 THE ARBOR AT AVENUE 83 10002-83 Avenue

2 Le Quartier Condos BY INFINITI DEVELOPMENTS 8627-91 St

3 PELI AT SCONA BY PELI GROUP OF COMPANIES 8028 101 Street

4 THE UNIVERSITY BROWNSTONES BY TESSCO 108 St. & 71 Ave.

5 LUMIERE BY INFINITI DEVELOPMENTS 10836-85 Ave.

6 THE ADDISON BY PK DEVELOPMENTS 10024-83 Ave.

7 CASCADE CONDOS BY PK DEVELOPMENTS 9008 85 Avenue

8 STUDIO OFF WHYTE BY I4 PROPERTY GROUP 104th St & 81st Ave

9 STUDIO ON THE HILL BY I4 PROPERTY GROUP 9859 – 90th Ave

JAMES McDONALDBRIDGE

GROATBRIDGE

109 STBRIDGE 105 ST

BRIDGE

DAWSON BRIDGE

CAPILANOBRIDGE

LOW LEVELBRIDGE

FOOTBRIDGE


106 Ave.

85 S

t.

101 Ave.

90 Ave.

95 Ave.

98 Ave.

87 Ave.

79 S

t.

92 S

t.

99 S

t.

103

St.

104

St.

114

St.

Connors Rd.

Scon

a Rd

.

Saskatchewan Dr.

Whyte - 82 Ave.

76 Ave.

Gro

at R

d.

75 S

t.

84 S

t.

83 S

t.

Saskatchewan Dr.

51 Ave.

MAP LISTINGS

SouthCentralEdmonton

4

8

51

3

9

62

7


CONSTRUCTION IS NOW COMPLETE

2 BED - 2 BATHS STARTING AT $314,90015K UPGRADE PACKAGE INCLUDED FOR FREE

PHASE II 85% SOLD OUT!

9 PREMIUM SUITES REMAIN

IMMEDIATE POSSESSIONS

THURSDAY 4-6:30PM OR BY APPOINTMENT ANYTIME

SHOW SUITE: 10811 72 AVENUE

• Excellent location, close to U of A and Whyte Ave.

• Spacious designs with 9 foot sprinklered ceilings

• Upgraded appliance package and soundproofi ng

• Beautiful central courtyard and glass elevators

• Underground heated parking and 24 hour video monitored security

• Backed by New Home Warranty


SOUTHCENTRAL

TOTALPRE-TAX INCOME

MONTHLYPRE-TAX INCOME

SPOUSE’S PRE-TAXINCOME

AMOUNTOF MORTGAGE

(PRICE-DOWN PAYMENT)

DIVIDE BY THREE

AFFORDABLE MONTHLYPAYMENTS

DIVIDED BY 12

AMORTIZATION AMOUNT

CHART FIGURE

AMOUNTOF MORTGAGE

DIVIDED BY 1,000

AMORTIZATION AMOUNT

MONTHLY PAYMENTS

ESTIMATEDMONTHLY TAXES

AND HEAT

3.00 17.96 9.65 6.91 5.54 4.73

3.25 18.07 9.76 7.02 5.66 4.86

3.50 18.18 9.88 7.14 5.79 4.99

3.75 18.29 9.99 7.26 5.91 5.13

4.00 18.40 10.41 7.38 6.04 5.26

4.25 18.51 10.23 7.50 6.17 5.40

4.50 18.62 10.34 7.63 6.30 5.53

4.75 18.72 10.46 7.75 6.44 5.67

5.00 18.85 10.59 7.89 6.58 5.82

5.25 18.97 10.71 8.01 6.71 5.96

5.50 19.08 10.83 8.14 6.85 6.11

5.75 19.19 10.95 8.27 6.99 6.26

6.00 19.30 11.07 8.40 7.13 6.40

6.25 19.42 11.19 8.54 7.27 6.55

6.50 19.53 11.32 8.67 7.41 6.70

6.75 19.64 11.44 8.80 7.55 6.86

Amortization Periods

INTERESTRATES

5YEARS

10YEARS

15YEARS

20YEARS

25YEARS

%Calculate your mortgage payments

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

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

03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment. This is the money you will have to borrow.

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

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

You love the condo, see what you can afford!

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

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

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

07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

HOMEBUYERS’ HELP

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

ATB Financial 2.200 4.000 2.940 2.640 2.590 2.690 2.790

Bank of Montreal (BMO) 2.700 4.000 2.890 2.840 3.390 3.890 4.740

Bank of Nova Scotia 2.700 4.550 3.290 3.090 3.390 3.890 4.490

CIBC Mortgages 2.700 4.450 2.890 2.840 3.400 4.140 4.790

Canadian Western Bank 2.900 4.000 3.140 3.040 3.650 4.200 4.740

Canadian Western Trust 2.900 4.000 3.140 3.040 3.650 4.200 4.740

Comtech Credit Union - 6.200 2.890 2.890 2.950 2.990 2.690

DUCA Financial Services 2.500 - 3.090 3.000 2.990 3.090 2.790

Effort Trust - 4.450 3.350 3.500 3.700 4.300 4.350

Equitable Bank - - 3.140 3.040 3.650 4.390 4.640

First Calgary Financial - 4.000 2.890 2.890 2.490 3.090 2.650

First National Financial 2.200 3.100 2.290 2.190 2.340 2.540 2.690

FirstOntario Credit Un. 2.700 4.240 2.890 2.590 2.690 2.840 2.690

HSBC Bank Canada 2.850 4.450 3.140 3.140 3.540 4.240 4.740

Home Trust Company 2.500 3.950 2.690 2.350 2.390 2.590 2.590

ICICI Bank Canada 3.050 - 3.150 3.650 3.640 3.690 3.690

Investors Group Trust 2.700 4.200 3.140 3.090 3.390 3.890 4.740

London Life 2.700 4.200 3.140 3.090 3.390 3.890 4.740

Manulife Bank 2.400 4.450 3.000 2.940 2.840 2.790 2.690

Manulife Trust - 4.450 3.000 2.940 2.840 2.790 2.690

Meridian Credit Union 2.650 4.000 3.090 3.090 3.550 3.290 2.690

National Bank 2.700 4.400 2.890 2.840 3.390 3.890 4.740

Peace Hills Trust - 4.500 3.150 3.500 3.750 3.850 3.950

President’s Choice Fin’l 2.700 6.190 3.190 2.840 3.340 4.040 4.440

Rapport Credit Union 2.850 6.000 3.090 3.040 3.500 3.040 2.990

Royal Bank of Canada 2.700 3.140 3.140 3.040 3.650 4.390 4.640

Servus Credit Union - 4.000 2.890 2.840 3.390 3.890 4.640

Steinbach Credit Union - - 2.450 2.550 2.550 2.650 2.650

T-D Mortgage 2.700 3.140 2.890 2.840 3.390 3.890 4.640

Tangerine 2.700 - 3.190 3.240 3.490 3.690 3.790

Windsor Family C.U. - 4.450 3.000 3.000 3.050 3.050 3.100

Your Neighbourhood C.U. - - 2.990 3.000 3.190 3.300 3.090

Rates are subject to change without notice.

Compare mortgage rates for your best deal

HOMEBUYERS’ HELP


144 AVE NW

MANN

ING DR

IVE

153 AVE NW

50 ST NW MILLER

BLV

D NW

EBB

ERS BLV

D

142 Ebbers Blvd NW780-705-9035

Elements Manning boasts close proximity to the new Manning Town Centre, which features shopping, restaurants and a movie theatre. Other amenities—like golf courses, parks, and walking trails—are also close by. The Henday and Yellowhead are easily accessible, too. Hurry in! Don’t miss this opportunity!

Granite countertops Upgraded cabinets Kitchen backsplash

FIRST 10 BUYERS* RECEIVE

Explosive Offerat Manning!

*Offer applies to select suites at Elements Manning location only.

It’s not rocket science, but we can’t promise some chemistry won’t be involved!

WITH 3 CITYWIDE LOCATIONS, ELEMENTS BY CARRINGTON HAS SOMETHING FOR EVERYONE!

Condos from the $150’s at one of our locations below

FROM THE $150’s 340 Windermere Road 780.469.6976

SW

ELEMENTS AT windermereFROM THE $150’s 5521 7 Ave SW587.521.1444

SE

ELEMENTS AT willowhavenFROM THE $150’s142 Ebbers Blvd NW780.705.9035

NE

ELEMENTS AT MANNING

Mon to Thurs 3PM -8PMSat, Sun, holidays 12PM - 5PMClosed on Fridays

sales hours

elementsbycarrington.ca

STARTING AT $299,900

• 3 bedroom townhomes from 1,416 square feet

• Designer finishing packages available

• Double-car garage

• Conveniently located near the new Meadows Community Centre and Edmonton Public Library

• Close to major shopping centres, Grey Nuns Hospital, and several future schools

• Quick access to the Anthony Henday, and neighbouring Sherwood Park and Beaumont

16A Ave NW

17B Ave NW

16B Ave NW

34 St NW

33B St NW

32 St NW

Showsuite Now Open!

Southeast | Call Christine at 780.756.81441632 33A Street

SALES HOURS: Monday - Thursday: 3pm - 8pm

Saturday, Sunday & Holidays: 12pm - 5pm

Closed on Fridays

WHERE: 5504 Schonsee Drive

WHEN: September 12, 2015 12:00pm-5:00pm Hurry in to preselect your finishes and find out how serene life can be at Northshore!

Northeast | Call Mick at 780.476.1137 Sales Office located at Shorewinds

6076 Schonsee Way NW

SALES HOURS:

Monday - Thursday: 3pm - 8pm

Saturday, Sunday & Holidays: 12pm - 5pm

Closed on Fridays

2 new showsuites coming soon! Join us for the unveiling!

GRAND OPENING EVENT NORTHSHORE

SHOREWINDS

SCHONSEE DR.

167 AVE

186 A AVE

79 ST

82 S

T

66 S

T

76 STSCHO

NSEE

WAY

Sales Of�ce at

South

SouthWest

507 Albany Way | 587.520.3372

• BUILDING 2 NOW SELLING

• Exceptional landscaping with easy walkability to neighborhood amenities, parks and ponds

• Stainless steel appliances and full-height backsplash

• Convenient access to St Albert and the Henday

• STARTING FROM $196,900

North

West Southeast

4042 MacTaggart Drive NW | 780.756.2230

• CONSTRUCTION UNDERWAY

• Located in the Uplands of Mactaggart, Allure boasts close proximity to stunning natural spaces, fabulous amenities, as well as the Anthony Henday and Whitemud Drive

• Cast-in-place concrete construction

• Double, triple, and quadruple underground parking garages available


4008 SAVARYN DRIVE SW | 780.761.3144

• Located in desirable Summerside

• Access to summer and winter fun in Edmonton's first and only recreational lake community

• 2 bedroom suites available

• Laminate flooring throughout suite entry, kitchen, living and dining areas

• Contemporary wood cabinets in designer colours and full-height ceramic subway-style backsplash in kitchen


Amazing suites from $189, 900

Northeast Edmonton s Hidden Treasure!

1 bedroom, 2 bedroom, and 2 bedroom + den suites

Two-storey lobby and 9' foot ceilings on the 4th floor

Full-height backsplash, laminate floors + six appliances

Heated underground parking with storage

Walking distance to a pond, walking trails and a future park

11080 Ellerslie Road | 780.756.2230

• Cast-in-place concrete construction

• Engineered hardwood floors, stainless steel appliances and overheight ceilings

• Personalize your space with a complimentary interior design consultation

• Convenient location close to shopping, dining and entertainment with quick access to the international airport and Nisku industrial park


Building dreams come true for over 40 years!WITH LOCATIONS THROUGHOUT EDMONTON – CARRINGTON

HAS SOMETHING FOR EVERYONE

WHITEMUD DR

WHITEMUD DR

82 ST

167 AVE

ANTHONY HENDAY DR

ANTHONY HENDAY DR

WHYTE AVE

ARGYLL RD

VICTO

RIA TR

111 ST

75 ST91 ST

75 ST66 ST

ELLERSLIE RD

23 AVE

25 AVE

WINDERMERE BLVD

RABBIT HILL RD

ST ALBERT TR

ALBANY WAY142 ST

30 AVE SW

JAMES MOWAT TRAIL

WINTERBURN RD

ROSENTHAL BLVD

SHERWOOD PK FWY

TERWI

LLEGA

R DR

YELLOWHEAD TR

97 ST

*SEE OUR AD ON INSIDE BACK COVER

jade

e’scapes

aviva

vibe

valour

FROM $199,400 1004 Rosenthal Blvd780.426.1686

FROM $165,900 10604 - 116 St NW 780.705.1350

FROM $196,900 507 Albany Way587.520.3372

FROM $254,330 11080 Ellerslie Road780.756.2230

FROM $236,300 1144 Adamson Dr SW 587.520.6775

FROM $213,900 508 Griesbach Parade NW780.760.2002

FROM $664,986 4042 MacTaggart Dr NW 780.756.2230

FROM $189,900 6076 Schonsee Way 780.476.1137

FROM $241,900 4008 Savaryn Drive SW 780.761.3144

SWSW

SEW

CE

N

northshore

Élan

allure

ara

Mon–Thurs 3pm–8pmSat, Sun, holidays 12pm–5pmClosed on Fridays

sales hours

SWN

WN

WN

E

CONDOMINIUMS

LAURELFROM $299,900 1632 33A Street780.756.8144

SW

TOWNHOMES

*

Minutes from Lewis Estates Golf Course and major routes

• Convenient access to the Anthony Henday and Whitemud

• 9’ ceilings on all floors

• Laminate floors and overheight cabinets

• Full-height ceramic subway-style backsplash

• Secure, heated underground parking

STARTING FROM $199,400

SHOWSUITES NOW OPEN!

• Just minutes from Northgate Shopping Centre, Londonderry Mall, City of Edmonton Fire and Police services, Castledowns Recreation Centre and The Royal Alexandra Hospital

• 9’ ceilings on all floors

• Laminate floors and overheight cabinets

• Full-height ceramic subway-style backsplash

• Secure, heated underground parking with storage


Mature trees, four lakes and a 24-acre central park Beautiful ravine

views and easy access to QE II airport and shopping

• Walking distance to a vibrant new town centre, future LRT station & recreational complex, Blackmud Creek Ravine and much more

• Two storey lobby & 9’ ceilings on all floors

• Full height backsplash, laminate floors and six appliances included

• Personalize your space with a complimentary interior design consultation


Desirable downtown location brings the city to your backyard

• Transformable, adaptable and flexible floorplans rise to meet every o ccasion and take open-concept living to a new level

• Ultra-modern studio, 1 and 2 bedroom condos are compact and infused with the latest design trends

• Amenity spaces that challenge the status quo: two-story fitness centre, cyber café and urban garden plots... to name a few

• Close proximity to the river valley, recreation, shopping, LRT, Grant MacEwan University and NAIT


Pre-sale Centre and show homes open Sat. Aug 2979 - 903 Crystallina Nera WayTelephone: 780.472.7544Mon to Thurs: 3 – 8pmWeekend & Holidays: Noon – 5pm

It’s true. It’s possible to own a brand new home at Topaz with just 5% down

and monthly payments as low as $1,250. Drop by and ask our sales manager

to show you all of your options.

Topaz continues the success of our award winning Signature Series of two

and three bedroom townhomes: Elegant exteriors with charming window

boxes; interiors designed for contemporary living; warm laminate �ooring;

gourmet kitchens with quartz countertops; elevated nine foot ceilings on the

main �oor – and every home has an attached double garage!

Own your Own Town Home foras Low as $1,250 per Month!

FIRST PHASE

70% SOLD

CRYSTALLINA NERA

Prices start at $267,900 incl. GST

topaz.parkhomes.ca follow us on and

SHOW HOMES

OPEN AUGUST 29

edmonton new condo guide - aug 14, 2015

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