Edmonton Home & Condo Living June 2013

S O U R C E M E D I A G R O U P : C E L E B R A T I N G I T S 1 0 T H Y E A R j U N E 2 0 1 3 E D M O N T O N H O M E & C O N D O L I V I N G • 5

COVER FEATURE

8 MosaicTownhomes The best places to call home

CONDO PROFILE

10 Condolivingwithoutcompromise

Glenora Skyline offers lock-and-leave lifestyle with all the bells and whistles

COMMUNITY PROFILE

14 Inbloom Melcor’s Rosenthal community

budding fast on the west side

SHOw HOME PROFILE

19 Familyfriendly Lincolnberg’s Whitman wows

in Walker Lakes Station

j U N E 2 0 1 3 n V O L U M E 5 I S S U E 4 0

CONTENTs

FEATURE

24 Talesfromthecondozone

Cousin Eddie comes to town

MARkET VIEw

30 Strongsecondhalfof2013expected

ITEMS

6 Editor’sMessage25 AroundTown26 Maps29 AdIndex

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6 • E D M O N T O N H O M E & C O N D O L I V I N G j U N E 2 0 1 3 S O U R C E M E D I A G R O U P : C E L E B R A T I N G I T S 1 0 T H Y E A R

Now that the kids are out of school and living quarters are starting to feel cramped, June can be a natural time to start weighing options for your next address.

If that home looks like a two-storey in the south with a rear-detached garage and a yard in a master-planned community, don’t miss Lincolnberg’s Whitman in our show home feature.

Speaking of master planning, Melcor’s newest community, Rosenthal, is seeing a budding interest by those eyeing a west-end home. We have all the details on how the community is growing, including new show homes opening this summer, on page 14.

If yard work is not a favourite pastime, Brookfield Residential’s duo of Mosaic townhomes, Mosaic Vista and Mosaic Shores — our cover feature focus — may just be the key to your new semi-detached digs. Find out, on page 8. Got a funny condo story? Please email me and let me know at [email protected] and your story may just spring to life in our Condo Zone, associate publisher Jim Zang’s clever take on condominium life. Enjoy his latest instalment in this issue.

Wes Gunderson updates us on how buying a home has never looked better in Edmonton, in his regular Market View.

And be sure and pick up next month’s issue, when we tour a new show home in Newcastle, hit the Award of Excellence-winning community of Starling at Big Lake and see what value’s in store for would-be residents of Carlisle’s latest condo creation.

Happy summer!

Canadian Home Builders’ Association

P U B L I S H E R

source Media Group [email protected]

A S S O C I A T E P U B L I S H E R

Jim Zang [email protected]

E D I T O R

shelley [email protected]

A R T D I R E C T O R

Jean Faye Rodriguez [email protected]

G R A P H I C D E S I G N E R S

Lama Azhari [email protected]

Dave Macaulay [email protected]

Megan sereda [email protected]

P R O D U C T I O N A D M I N I S T R A T O R

Colleen Leier [email protected]

E D I T O R I A L

Wesley Gunderson, Jim Zang

P H O T O G R A P H Y shelley Williamson

D I R E C T O R O F S A L E S

Norma Robertson [email protected]

A D V E R T I S I N G S A L E S

Jennifer Mills [email protected]

A C C O U N T I N G

Donna Roberts [email protected]

D I S T R I B U T E D B Y

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I s s N 19 1 8 - 4 4 6 8P R I N T E D I N C A N A D A

Copyright 2013 by source Media Group Corp. Material cannot be reprinted in whole or in part without the expressed written

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refuse any advertising at its sole discretion.

Edmonton Home & Condo Living™ is published 12 times per annum and is available free through select distribution points in Edmonton

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EDITOR’s MEssAGE

Summerahottimeforhouse-hunting

Follow us on twitter: EdmHomeandCondo

Like us on facebook:EdmontonHomeandCondoLiving

8 • E D M O N T O N H O M E & C O N D O L I V I N G j U N E 2 0 1 3 S O U R C E M E D I A G R O U P : C E L E B R A T I N G I T S 1 0 T H Y E A R

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condo profile

1 0 • E D M O N T O N H O M E & C O N D O L I V I N G j U N E 2 0 1 3 S O U R C E M E D I A G R O U P : C E L E B R A T I N G I T S 1 0 T H Y E A R

Condo living without compromiseGlenora skyline offers lock-and-leave lifestyle with all the bells and whistlesBy Shelley Williamson

The skyline of Glenora is about to change forever, but that doesn’t mean residents of a tower now under construction in the affluent neighbourhood will have to make any concessions on how they live.

“From the inception of the Glenora Skyline, the concept was to provide an alternative to Edmontonians for condominium living,” says Brenda Maier, general manager of Glenora Skyline Development Corp. “It was intended to be a lifestyle change without a lifestyle compromise.”

Maier says the 16-storey first tower of three proposed high rises at 142 Street and Stony Plain Road has so far appealed to the discerning buyer who’s worked hard to attain a level of success. People making a decision to move away from a single-family home need not feel that they are compromising what they have worked so hard to achieve, she says.

“Too often if feels like you’re making allowances when assessing the options of condominium living,” notes Maier of the downsizing process. “Glenora Skyline offers an upscale, non-compromising alternative.”

Standard fare at Glenora Skyline is anything but — from an exterior of granite and sapphire blue glass, to the details within each luxurious suite. Nine-foot ceilings, superior soundproofing, air-conditioning, central vacuum units, seven-foot solid core wood

and glass interior doors, porcelain tile and engineered hardwood floors, contemporary upscale kitchens, and LED lighting are among the included features in every unit.

“It’s a ground breaking project for sure, but the positive responses received support the vision that there is definitely a market for this in Edmonton,” says Anthony Loughlean, Realty Executive and Sales Team Leader. “Edmonton has long been labelled a blue collar city without the ability to support such luxury typically found in Vancouver, Toronto or even Calgary. Glenora Skyline promises to change this misconception, one that is long overdue.”

And so far buyers, who have snapped up 30 per cent of the first tower, are embracing the quality they see in the show suite and project, especially those among the 40-plus set, says Maier.

Suites range from $309,900 for a one-bedroom-and-den to upwards of $3 million for a nearly 3,000-square-

CONDO PROFILE


CONDO PROFILE

Condo living without compromiseGlenora skyline offers lock-and-leave lifestyle with all the bells and whistles

foot sub-penthouse. Of the building’s 57 units, more than 30 different floor plans offer a design to suit each buyer’s taste and uniqueness.

Parking is included in an underground heated, secure parkade boasting 24-hour surveillance, with larger units offering up two spots with the purchase price of $600,000, and three for million-plus properties. Condo fees are priced at $35 per square-foot, or about $350 per month on a 1,000-square-foot suite.

“...the positive responses received support the vision that there is definitely a market for this in Edmonton.”

CONDO PROFILE

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S O U R C E M E D I A G R O U P : C E L E B R A T I N G I T S 1 0 T H Y E A R j U N E 2 0 1 3 EDMONTON HOME & CONDO L I V ING • 11

condo profile


Visitors to the well-dressed show suite, a two-bedroom/two-bath displaying all the suites’ standard bells and whistles — including designer open-concept kitchens with high-end LG appliances, German hardware and high-lacquer cabinets and luxurious ensuites with jetted massage tubs and steam showers — are impressed by what they see.

“It’s luxury finishing at a reasonable price,” says Sandra Saturley, lifestyle specialist with Glenora Skyline.

One thing residents will not feel is cramped or trapped indoors in these highrises, thanks to a wealth of outdoor space also crafted into the impressive buildings’ design. “I’ve actually got a unit on the first (residential) floor with a 1,600 square-foot balcony,” says Saturley, noting all suites include one, if not a pair or trio of balconies with their square footage.

The project is far from cold concrete and steel; instead the goal was to design a community in the three-tower creation, including retail on the first two floors and one acre of greenspace complete with park benches, walking paths and fountains.

“We are building a community within a community in Glenora,” says Maier. “It will be a very serene setting for residents to enjoy removed from the congestion of the downtown core.” The first tower is slated to begin occupancy in 2014, while second and third 21-storey towers will follow. The final phase is scheduled to be an assisted living complex to be located north of Tower 1. Retail on first and second floors will ensure all amenities needed by residents on a day to day basis will be provided.

Future towers will include the Glenora Skyline’s amenities for residents, from an exercise room and sauna, to a spa and health centre, meeting facilities, guest suite and parkade with bike storage. n

Fast FactsBuilder: Glenora Skyline Development CorporationProject: Glenora SkylineAddress: 142 Street and Stony Plain RoadSize: 652 square-feet to 2,954 square-feet (sub-penthouse)Style: Apartment condominiums in a concrete highrisePrice: $309,900 to $3 millionHours: Monday to Thursday 3 p.m. to 7 p.m., weekends 1 to 5 p.m.Web: www.glenoraskyline.com

“We are building a community within a community in Glenora... It will be a very serene setting for residents to enjoy removed from the congestion of a downtown core.”

CONDO PROFILE


In bloomBy Shelley Williamson

Melcor’s Rosenthal community budding fast on the west side

Buyers looking for home options on the city’s west side are seeing the beauty in Melcor’s up-and-coming Rosenthal.

Named for one of the original settling families in the area, Rosenthal is a master-planned community by the well-known Edmonton developer, now selling a host of single-family home styles north of Whitemud Drive and west of 215 Street. “The timing is great because there is not a lot to choose from (in new communities) on the west end,” says Sue Monson, senior development manager at Melcor Developments for Edmonton North.

Front-attached garage model addresses are being crafted by Western Living Homes, Look Homes Master Builder, Daytona Homes, and Reid Built Homes, who will be staggering show home openings beginning in June. Meanwhile, those who prefer single-family abodes with rear-detached garages can select from builders Encore Master Builder, Lincolnberg Master Builder and Landmark Legacy, all of which also have show homes now under construction.

Future laned show homes will range from 1,543 square-feet to 1,638 square-feet, while front-garage showcases will span 1,889 to 2,281 square-feet. Melcor is planning a grand opening of the community’s show home parades, slated for September 14, when all builders’ homes are expected to be ready for tours.

Perhaps the most exciting construction now under way in the coveted community is a children’s playground and spray park, that’s sure to delight youngsters moving into the area. It’s not often amenities such as this are complete even before residents move in, notes Monson.


COMMUNITY PROFILE

COMMUNITY PROFILE

S O U R C E M E D I A G R O U P : C E L E B R A T I N G I T S 1 0 T H Y E A R j U N E 2 0 1 3 E D M O N T O N H O M E & C O N D O L I V I N G • 1 5

By Shelley Williamson

“The playground and spray park make this community unique,” says Monson. “This is something we thought we would be proactive about, instead of having amenity features that are an afterthought; we initiate them early in the process. Our hope is people will be able to see the beauty of the neighbourhood right away, instead of waiting until five years down the road.”

Architectural guidelines keep the 450-acre community’s value for homeowners and ensure a continuity of tried-and-true styles of Craftsman, Arts and Crafts, Heritage, Tudor and Prairie. “The architectural guidelines help maintain the value and integrity of the community. We also want to ensure

some variety in style and colour and restrict too many houses looking the same all in a row,” says Monson.

The next phase will open up home-buying opportunities to even more would-be residents, with duplexes and more homes with detached garages slated, as well as townhomes by Parkwood Master Builder and condominiums by well-known name Carrington Communities.

Rosenthal is blooming with planned features and appeal including a number of stormwater ponds,

The most exciting construction now under way in the coveted community is a children’s playground and spray park, that’s sure to delight youngsters moving into the area.

»

Rosenthal is blooming with planned features and appeal, including a number of stormwater ponds, extensive walking trails ... and a boardwalk.

COMMUNITY PROFILE


“Even though this is new, it doesn’t feel like

you are pioneering a neighbourhood.”

Fast FactsArea: RosenthalDeveloper: Melcor DevelopmentsLocation: New show homes under construction at

217 St. and Rosenthal Link (opening summer 2013)

Builders: Encore Master Builder, Lincolnberg Master Builder, Landmark Legacy, Look Homes Master Builder, Western Living Homes, Daytona Homes and Reid Built Homes

Styles: Front-attached garage and rear-detached garage homes

Prices: Laned homes with rear-detached garages from the $350,000s, front-attached garage homes from the low to mid-$400,000s including lot and GST

Hours: Builders are currently selling out of Lewis Estates show homes, open Monday to Thursday, 3 p.m. to 8 p.m., weekends and holidays noon to 5 p.m.

Web: liverosenthal.com

extensive walking trails to join the community on foot, and a boardwalk and lighting to add interest to the water features throughout the neighbourhood.

A future recreation centre site with two schools is also set aside, while proximity to shopping and amenities nearby is already in place. A Catholic elementary school has been announced for the nearby Lewis Estates community, and the existing Winterburn School is up and running.

The River Cree Casino, a brand new Costco and the Lewis Estates golf course are a few perks a quick drive (or walk) away from Rosenthal.

“Usually when people move to a new community it takes years before there is anything there,” says Monson. “Even though this is new, it doesn’t feel like you are pioneering a neighbourhood.”

Until show homes are fully opened, the builders are conveniently selling out of Lewis Estates, another Melcor community adjacent to Rosenthal that’s now in its finishing stages.

“It works out well the builders are the same as in Lewis Estates. (Lewis Estates) has been around for quite a while, and now people are looking for something new on the west end,” explains Monson. n

show home profile


Home shoppers who like a little distance between their well-appointed living space and vehicles parked safely out of sight will appreciate Lincolnberg Master Builder’s new show home — and garage — in Walker Lakes Station.

Walking into the Whitman, a 1,500-square-foot two-storey home, it is clear there is space for the whole family, including rear-detached car shack and a front flex space that makes an ideal office.

But the up-front room can really be used for whatever purpose residents prefer.“We sell to a lot of people from different ethnicities, and we have found

some use the space as a prayer room,” says sales associate Chris Chiu, with Lincolnberg Master Builder.

One thing the kitchen is surely crafted for is entertaining, with its sleek granite countertops and raised eating bar (two of the home’s upgrades), a central pantry and well-sized eating nook. Some have also made the culinary space even larger, borrowing space from the front flex room, notes Chiu.

FamIly FrIendlyLincolnberg’s Whitman wows in Walker Lakes Station

Story and photos by Shelley Williamson

sHOW HOME PROFILE

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show home profile


A gorgeous stone feature wall flanks the living space tucked away at the rear of the home, another of the stylish two-storey’s handful of upgraded design features.

“In this show home, people really like the upgrades like the stone wall and the fireplace,” says Chiu. Adding upgraded lighting, stainless appliances, and hardwood and tile flooring are also among the few extra costs added to the stylish space.

A back door leads to a generous back yard and raised garage — included with the home in Walker Lakes — as well as a powder room, complete the main-floor layout. All builders in the area are providing garages as part of a promotion, but those who prefer to park cars outdoors can opt to put the credit towards something else in the home, such as granite countertops. “It’s worth about $10,000,” notes Chiu.

Upstairs, three bedrooms and two bathrooms await budding families or couples eyeing space to grow in.

The master bedroom boasts its own ensuite bathroom, big windows, and a walk-in closet she’ll love. A bumped out space

“In this show home, people really like the upgrades like the stone wall and the fireplace.”

sHOW HOME PROFILE

show home profile


in the second-level hallway makes the perfect plant alcove, or a spot for kids’ computers, where moms and dads can monitor their Internet use.

If that were not enough, an unfinished basement offers a blank slate and even more space for residents who want to add a spare bedroom, family room, or even storage in the lowest level. “It’s a good size, at 1,500 square-feet, with an open floor plan, three bedrooms, a garage, and the basement is nice, open space,” explains Chiu.

The Whitman show home is priced at $397,000 including GST, lot and upgrades, but the home can be crafted in the community of Walker Lakes Station from $348,000, including a rear-detached garage.

Walker Lakes Station as a community, just off Ellerslie Road and 66 Street in the city’s southeast, is also drawing buyers. “It’s the location. People like the vibe of (the community) with lots of younger families,” says Chiu.

Once complete, the master-planned area will include a multi-use trail system, manicured green spaces meandering around storm water ponds, and a future school. In the meantime, residents with school-aged children have a built-in perk already in place — the new Ellerslie School, a kindergarten-Grade 9 Edmonton Public Schools facility, is within walking distance of Walker Lakes Station doors. n

Fast FactsBuilder: Lincolnberg Master BuilderModel: The WhitmanArea: Walker Lakes StationStyle: Two-storey home with a back lane

and rear-detached garageSize: 1,500 square-feetPrice: Starting at $348,000; show home is

priced from $397,000Address: 1005 Watt PromenadeHours: Monday to Thursday 3 to 8 p.m,

weekends and holidays noon to 5 p.m.Web: www.lincolnberg.com

The master bedroom boasts its own ensuite bathroom, big windows, and a walk-in closet.


FeAture | By Jim Zang

In this, the third installment of our increasingly popular Tales From The Condo Zone series, titled Cousin Eddie comes to town in honour of the old National Lampoon’s Vacation movies, we encounter another seemingly hard-

to-believe situation that’s often all too real for condo boards and managers.

Many condos offer actual guest suites for rent and, of course, depending on the guest, there’s always good old Mr. Sofa. But what if you live in a one-bedroom condo and the guest is your cousin Eddie and his brood? A 600-square-foot condo might be just right for one person; cosy for two, again, depending on who the second person is; but definitely not great for any kind of semi-permanent gathering numbering five and upwards. Especially when two of the five are screaming, crying, hungry, messy, sticky-fingered individuals. And then there’s their three children.

What to do? What to do? Why, stick ‘em in the parking lot of course. In the case of Cousin Eddie and his RV, it’s easy. Just run a heavy gauge extension cord from you private parking

Tales From The Condo Zone

CouSiN EDDiE CoMES To ToWN

spot out to where the RV’s parked in the visitor area and you’re good to go. Or so some people think.

I’ve actually heard a couple of different versions of this story. In the first, it’s just as above, with relatives dropping in unexpectedly trying to get away with a short stay in guest parking. In another version, a condo resident actually parks a truck camper in their personal parking spot and rents it out to a friend. Don’t laugh. I once knew a fellow student who lived in his truck camper in the U of C residence parking lot for two years.

He ate in the dining centre and showered in the phys ed department (in other words, he was skinny and he smelled bad). It’s possible, just not recommended. And, in the case of condo parking lots, it’s outright not allowed, at least according to the sources I spoke to. While you might be able to rent your parking spot out to another resident to park their car in, you absolutely cannot subdivide it for living quarters.

Although, with all the talk about increased density and increasing zoning for basement suites, it does sound like something the City might consider. n

illustration byLama Azhari

By Jim Zang

FEATURE


By Shelley Williamson

ARouND ToWN

JoB GRoWtH ANd people moving to the city are being credited with a boost in housing starts in the month of April, according to the latest statistics by Canada Mortgage and Housing Corporation (CMHC).

the Edmonton Census Metropolitan Area (CMA) saw 14,424 units break ground in April compared to 13,738 in March.

“the trend in total housing starts moved higher in April, driven by gains in both the single-detached and multi-family sectors,” said david Lan, CMHC’s Senior Market Analyst for Edmonton. “Growth in full-time employment and net migration in the CMA contributed to the increase in housing starts,” he adds.

the standalone monthly SAAR, or seasonally-adjusted annual rates, was 17,796 units in April, compared to 14,929 in March. CMHC uses the trend to account for possible swings in the monthly estimates, which can be quite different from one month to another.

Sabal show home furniture-paloozaSHoW HoME VISItoRS who have admired furnishings and décor in Sabal Homes’ dressed-up digs will have a chance to make their own homes look like they shopped where the designers do.

the well-known builder is selling off its show home wares in an inventory sale on June 22, and the public is invited to clean house and pick up some carefully chosen décor for their spaces.

the sale runs from 10 a.m. to 1 p.m., at the Hopewell de-velopment Horizon Business Park, Building A, and ample parking is available on-site.All items, which range from sofas and sectionals to dining room suites, dressers, beds and even artwork, will be sold as-is and must be taken away the day of the sale, so buyers should come prepared. n

Cactus Club Jobs and migration buoy home startsSoME ARIZoNA REALtoRS are using a new online system to

help Canadian buyers shop for homes in the desert.Hmm. Shopping for foreign investment and vacation properties

online, not exactly “stop the presses” kind of news.However, says Ronda Cools, a former Calgarian now working as

a real estate professional based out of Peoria, in North Phoenix, this time it’s different.

“It connects people directly with the MLS,” she says. “It’s my personal website, but it’s got a cool search application on it. Basi-cally if someone puts in their email they get a login and password that allows them to look at MLS — same as I would.

“A lot of folks do express frustration with sites like trulia and Zillow,” says Cools. “the sites are often not accurate, with outdat-ed listings for homes that are ‘old and sold’.”

It makes sense. No listing site is going to be as up to date as the MLS. If you want to know for sure that the home you’re looking at is actually for sale, there’s only one definitive source.

“It’s a way better way to go and much more productive use of searching or browsing time,” says Cools.

true, you’ve got to give your email address up to a realtor in doing so, she says, but then, if you’re a serious buyer, you’re going to want a good person on the ground south of the border anyway.

You can visit her website at ronda.teaminvestmentsrealty.com

This four bedroom, three bath, 2,536-square-foot home in Glendale, Arizona, features a triple attached garage, swimming pool and finished desert landscaping listed for $275,000.


EDMoNToN AND AREA MAP

CoNDoS1. Lakeview Estates2. sierras of Inglewood3. Grande- Mission Hill4. Tenor

NEW HoMES1. Northern Lights Estates2. Erin Ridge3. North Ridge4. Tuscany Hills5. The Crossing at River’s Edge6. The Manors of Oakmont7. Regency Heights Estates8. Kingswood9. Greystone Manor10. Pinnacle Ridge Estates11. Riverstone Pointe12. The Banks of sturgeon Valley

CoNDoS1. Laredo On The Park2. station 333. stony Village4. Graywood Terrace5. Cedar Brae6. Urbia Place

NEW HoMES1. stony Village2. Brookview3. Graybriar4. The Fairways5. Willow Park6. Lake Westerra7. stellar Homes

CoNDoS1. Parkland Village2. Fairway Eight3. Harvest Ridge4. Nova Ridge Villas5. spruce Ridge Manor6. The Pointe7. Kingstreet on Park

NEW HoMES1. Jesperdale2. stoneshire3. Harvest Ridge4. Deer Park Estates5. Hilldowns6. spruce Village7. spruce Ridge8. Hawthorne at Heatherglen9. springate at spruce Ridge10. Legacy Park11. Lakewood



NEW HoMES1. Deer Valley2. West Haven3. Bridgeport4. Aspen Creek5. suntree6. Windrose7. southfork8. Tribute9. Meadowiew Park

CoNDoS1. Brooklands at Bridgeport2. Ravine Villas3. Urbia Manor4. Urbia Green5. The springs at Bridgeport

CoNDoS1. Village Champlain2. Maple Brooks Villas3. La Rose

NEW HoMES1. Village Champlain2. La Rose3. Grandin Park Close4. Notre Dame Estates5. The Lakes

CoNDoS1. Riverview Estates2. Fort Gardens3. Walnut Grove

NEW HoMES1. Valley Pointe Estates2. Forest Ridge in West Park3. Westwood Trails4. West Woodlands5. southfort6. southpointe7. sienna

CoNDoS1. Pallisades on the Ravine2. strathcona Village3. Crystal Estates4. Axxess5. summerwood Greens6. Maple Ridge & Oak Ridge

NEW HoMES1. strathcona Village2. Aspen Trail3. summerwood4. Lakeland Ridge5. Clarkdale Park6. Foxboro7. Willow Ridge/The Ridge8. sherwood Hill Estates9. Balmoral Heights10. Fountain Creek Estates11. sherwood Golf & Country

Club Estates

CoNDoS1. Coventry Homes2. The Village at Beaumont3. Beausjour4. Montrose View5. Giselle Valley Manor

NEW HoMES1. Coloniale Estates2. Montalet3. Citadel Ridge4. Eaglemont Heights5. Montrose Estates6. Westbrook7. Four seasons Estates8. Goudreau Terrace9. Triomphe Estates10. Beaumont Lakes11. Place Chaleureuse12. Beau Val



CiTY oF EDMoNToN MAP

iNNER CiTY

CoNDo PRoPERTiES1. Aurora2. serenity3. Axio Parkland4. Mosaic Meadows Parkland5. Windermere Village6. Macewan Gardens7. sandstone at Walkers Lake station8. Aspen Meadows9. Meridian Plaza10. The Corners11. Griesbach Wood II12. Griesbach Wood III13. Carlton Villas on the Lake14. Trails of Millcreek15. The University Brownstones16. Century Park17. Hollick Kenyon Pointe18. Evergreen Community19. Maple/Oak Ridge Community20. The Esates of Upper Windermere21. The Ion22. Grand scala23. Heritage Landing24. 12th street station25. Mosaic Town square26. Mosaic summerside27. Axio in Parkland28. stone Pointe29. Aspen Meadows30. Walker Lake Landing31. Rutherford Landing 32. Fox One33. Fuzion

NEW HoME LiSTiNGS1. Walker Lake Estates2. Lewis Estates3. secord4. Parkland5 The Hamptons6 Copperwood7 south Hamptons8. The Properties of Donsdale9. Cameron Heights10. Terwillegar Towne11. south Terwillegar12. Palisades13. Upper Windermere14. Windermere Ridge15. Ambleside in Windermere16 Rutherford17. Callaghan18. Walker Lakes station19. Lake summerside20. Ellerslie Heights21. Tamarack22. Griesbach23. Fields of summerside24. Allard in Heritage Valley25. Tuscany Hills26. McConachie Landing27. McConachie28. Laurel29. Ravines of Richford30. Trumpeter at Big Lake31. Axio summerside32. Touchmark33. Hawks Ridge at Big Lake34. Woodhaven – Edgemont

LEGEND

29

shopping Centre

Points ofInterest

Hospitals Colleges/Universities


ADVERTiSERS iNDEX

Airdrie Air Show Page 17

www.airdrieairshow.com

Brookfield Homes Pages 8-9

Mosaic townhomes

www.buildwithbrookfield.com

Carlisle Group Page 24

Elements II

www.elementscondos.ca

Hunter Douglas Page 22

www.hunterdouglas.ca

Lincolnberg Master Builder Page 2-3

www.lincolnberg.com

Melcor Developments Page 32

Aurora

www.auroraedmonton.com

Melcor Developments Page 13

Rosenthal

www.liverosenthal.com

Sabal Page 7

www.sabalhomes.com

Walton Development Page 4

Hawks Ridge

www.hawksridge.ca


McConachie

www.mcconachie.ca


Woodhaven

www.woodhavenedgemont.com



So FAR 2013 is shaping up as expected. Solid economic fundamentals have set the foundation for a great year. An ongoing U.S. recovery, improved Western Canadian Select (WCS) oil price and strong housing market in a low-interest-rate environment means we are poised for a strong second half.

U.S. RECOVERYthe strong U.S. economy drives the Alberta economy, as 85 per cent to 90 per cent of Alberta’s exports go to the States. According to dawn desjardins, Assistant Chief Economist for RBC Economics, the U.S. has built momentum during early 2013 and acceleration is expected in the second half of the year.

this bodes well for the Alberta economy. on the flip side for home buyers, the U.S. housing recovery is driving up prices of many of the materials required to build homes. the housing market has seen a 10 per cent increase in prices, starts and sales. And RBC Economics sees this trend persisting.

OIL PRICESone of the larger drags on the Alberta economy in 2012 was the discount for Alberta oil. our oil was trad-ing at a discount upwards of $40 a barrel in december of last year. this discount on a $90 barrel was making many projects uneconomic as they were only realizing a net price of around $50 a barrel and many projects have input costs close to that.

As we discussed in a previous column this was ex-pected to improve and has. As of this writing, the dis-count is around $21 off a $95 barrel meaning producers are realizing around $74 per barrel — a nearly 50 per cent improvement. Last month high demand had the discount trading around $14. this is ever fluctuating,

strong second half of 2013 expectedbut so far the average is good. For reference, the Alber-ta government’s budget was based on a $24.5 discount and a $92.50 price per-barrel for a net of $68 per barrel.

STRONG HOUSING MARkETone of the best measures of the housing market is the recent resale stats put out by the Edmonton Real Estate Board (EREB), based on actual MLS sales. According to these numbers, the average selling price of single-family dwellings in Edmonton is up 2.77 per cent from december ($391,427) to the end of April ($402,270). If the second half of the year sees further improvement, we can expect these prices to continue to climb.

CONCLUSIONthe U.S. recovery, improving oil prices and rising home prices all seem to point to a great sec-ond half of 2013. If you are in the market for a home, this means you’ll want to get in soon and enjoy the benefits of home ownership. n

MARkET ViEWby Wesley Gunderson

Wesley Gunderson is Vice President of Finance for Growth Marketing an Edmonton based real estate consultancy firm providing integrated marketing services to its valued clients. Mr. Gunderson has been with the firm since 1997 and actively involved in economic and market research, marketing and product strategy as well as advertising and sales promotion.

Edmonton Home & Condo Living June 2013

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