Vesta Properties - Vesta Williamstown
Transcription
Vesta Properties - Vesta Williamstown
SECTION F WOW FACTOR Find out why there’s upscale wow in the Cypress in Mahogany — and New York flair in the Soho in New Brighton. See pages F6 and F8. NEWHOMES CALCH030885_1_1 CALCH030884_1_1 OT H E R N E W S AT C A LG A R Y H E R A L D . C O M / H O M E S EDITOR: BARB LIVINGSTONE 403-235-7339 [email protected] SATURDAY, JULY 2, 2011 Leah Hennel, Calgary Herald From left, Eric and Kelly Campbell with children Owen, 2, Blake, 4, and Charleigh, six months, in front of their home in Williamstown in Airdrie. Williamstown fits growing family to a T Airdrie community has ‘pretty much everything we were looking for’ S MARTY HOPE CALGARY HERALD ometimes, you just know when something is the right thing to do. It’s a comfortable feeling deep down that says “this is it.” Eric and Kelly Campbell had that feeling after spending a few months looking around Airdrie for a new single-family home — a search that ended in Williamstown by Vesta Properties Ltd. The parents of three children, the Campbells decided their Meadowbrook home was too small for their growing family. After checking out several other neighbourhoods in the city just north of Calgary, they found exactly what they were looking for in this rapidly growing development off Veterans Boulevard on the west side of Airdrie. They moved in during October. “After shopping the different areas, we decided Williamstown was like no other we’d seen,” says stay-at-home mom Kelly. “It has pretty much everything we were looking for.” Husband Eric is inside sales manager for Hunting Energy Services. Most importantly, for now, is the fact their 2,100-square-foot, Vesta-built home has more than enough room for their young family. Second, the home is on a quiet culde-sac with pathway access to the 18-hectare environmental reserve — the heart of the Vesta community. AIRDRIE, PAGE F3 MARTY HOPE’S COLUMN F5 ■ SHOWHOMES OF THE WEEK F6, F8 ■ SHOWHOME MAP F9 MORTGAGE RATES: The Bank of Canada’s base rate for a one-year closed mortgage, set each Wednesday, settled in for a fourth week at 3.50 per cent, its lowest level since late March. Mortgage lending institutions set their own rates. See the full rate table on page F4. INSIDE: NEW HOMES Breaking news at calgaryherald.com GOOD TO BE BLUE In case you missed it, the blue team was winner of the latest My Rona Home contest on Citytv. According to viewers’ votes, Jordan and Robyn Ausmus won every week of challenges to win a Sabal home in Mahogany, a southeast neighbourhood by Hopewell Residential Communities. Complete with furniture, appliances and electronics, the home was valued at $500,000. Two couples, both from Calgary, competed dur- ing a 10-week period, putting in 30 hours of labour and working room by room to radically transform the empty spaces. The winning team worked with Alykhan Velji, a local interior designer, and Edmonton contractor Brian Cyr to create their dream home. Check the website at www.citytv.com/myrona home for more details. — Kathy McCormick Saturday, July 2, 2011 F5 Courtesy, My Rona Home From left, contractor Brian Cyr, Jordan and Robyn Ausmus and decorator Alykhan Velji of Team Blue on My Rona Home. No one is turning the lights off in Saskatchewan now. In terms of the economy, S things are definitely looking brighter for our eastern neighbour, says columnist Marty Hope — and that could affect Alberta’s housing industry. See page F5. Inside Lights definitely on in Saskatchewan Economy turns old joke on its head o much for that old joke about the last person leaving Saskatchewan turning off the lights. Things are looking brighter for Alberta’s eastern neighbour from an economic perspective — and the housebuilding industry is reaping much of the benefit, says Canada Mortgage and Housing Corp. If the federal housing agency’s Housing Market Outlook for the Prairie provinces from April to June is any indication, there should be little change in the Builders next couple of years, at will main- least. Last year in Saskatchtain last ewan, detached singleyear’s family home builders work on 3,830 strong per- started units, up 35 per cent formance from the prior year, says over the regional economist Lai Louie of CMHC in next two Sing Calgary. years. “Anchored by an expanding population LAI SING LOUIE, CMHC and growing economy characterized by job and wage growth, demand for single-detached housing will remain strong over the forecast period,” says Louie. “As a result, builders will maintain last year’s strong performance over the next two years.” The story is much the same for the multi-family housing market. Louie says a rush of rental apartment construction increased by twofold the overall figure for multi-family construction starts in 2010. “Moving forward, demand for MART Y HOPE multi-family units is expected to remain strong as solid employment prospects maintain the inflow of migrants to the province,” he says. One little glitch here. The strength of the 2010 market has increased the supply of multi-family housing to a point where it will likely affect the number of construction starts this year. Ah, but then comes 2012 and a turnaround. The inventory levels will be sufficiently depleted that the multi-family housing sector “will expand in response to sustained consumer demand,” says Louie in the market outlook report. The good economic news will also trickle into the resale housing market. “The prevalence of low mortgage rates, as well as job and wage growth, and increased household formation will provide the major impetus for consumer demand for resale homes,” says Louie. Combine all these factors with steady but undramatic hikes to average selling prices and there is a recipe for stability. Provincially, sales will creep up to 11,000 annually by the end of 2012, while the price will move up about $14,000 from its year-end 2010 price of slightly more than $242,000. All of this positive news from Calgary Herald Archive More construction tradespeople are likely to seek Saskatchewan for work. Saskatchewan could well affect the housing industry here in Alberta. How so? Well, Saskatchewan has historically been a go-to location for housing construction trades- people — and with that economy doing so well, fewer framers, roofers, cribbers and siders are likely to come this way for work. NEXT WEEK: Finally. Summer, barbecues ... and dreaming of a new home. This year’s Stampede Rotary Dream Home offers 2,308 square feet of contemporary luxury. The Homes by Avi model is destined for Walden in Calgary. Read about it next Saturday. Next Week 9 [email protected] Everyone loves parades CALGARY HERALD The latest new parade of show homes is in the far western edge of the city. Melcor Developments is grooming the last piece of land available in Valley Ridge. Valley Pointe Estates is an area west of Valley Ridge just north of the Trans-Canada Highway. Show homes by Landmark Homes, Shane Homes and Reid Built Homes recently opened. Hours are from 2 p.m. to 8 p.m. Mondays to Thursdays, and noon to 5 p.m. weekends and holidays. Enter into Valley Ridge from the highway, take the first left and follow to the west end. Another large parcel of 223 hectares immediately west of Valley Pointe will be the next piece of land to become a new, yet-to-be-named neighbourhood by Melcor. Visit www.valleypointeestates.ca CALCH040415_1_1 NEW HOMES Breaking news at calgaryherald.com Saturday, July 2, 2011 F3 WALK ON THE WEST SIDE Calgary Herald Archive A drawing of pathways in Williamstown. Williamstown by Vesta Properties Ltd. is a unique, master-planned community on the west side of Airdrie. Part of what makes it unique is the natural amenities it has to offer, as well as housing that complements them. To be home to more than 1,000 families at buildout, Williamstown is built with sustainability in mind, respecting its natural environment. Williamstown is made up of a wide variety of single- and multi-family housing types catering to different demographics. The community contains more than 24 hectares of open space, including parks, ponds, pathways, and playgrounds, together with the 18-hectare Nose Creek environmental reserve. Since we have a wide range of home styles and prices to suit any lifestyle, we have the ability to build homes that fit most families’ needs. CURT WOODHALL, VESTA PROPERTIES LTD. WHAT YOU NEED TO KNOW Courtesy, Vesta Properties Many single-family homes in Williamstown take advantage of the abundant green space within the Airdrie community. FROM PAGE F1 AIRDRIE: Children It won’t be long until the Campbell children are of school age. They should be able to attend right in Williamstown which has recently been approved for an elementary school that could be open for the 2012 school year. The Campbells are one example of the wide range of people buying in Williamstown, says Curt Woodhall, senior marketing manager for the Langley, B.C.-based developer/ builder. “Since we have a wide range of home styles and prices to suit any lifestyle, we have the ability to build homes that fit most families’ needs,” he says. “From first-timers to downsizers, empty nesters and everything in between, we have something for everyone.” Woodhall says Vesta has a created a strong stable of floor plans and price ranges: n Bungalows with main-floor master bedrooms — as well as with double-attached, frontdrive or rear-attached garages, and unfinished basements — are priced from the mid$300,000 level. n Two-storey homes from 1,403 to 2,341 square feet with front-attached two-car garages plus unfinished basements — some with dens, bonus rooms, and walkout basements — are priced from the high $300,000s. SEE GARAGE, PAGE F4 6 kilometers of PROJECT: Williamstown. DEVELOPER: Vesta Properties Ltd. AREA: The City of Airdrie, a 20-minute drive north of Calgary. PRICES: Singlefamily homes range from the low to high $300,000s. DIRECTIONS: Take Veterans Boulevard (Highway 567) west and turn at Williamstown Boulevard. HOURS: The sales and presentation centre is open from 2 to 8 p.m. Mondays through Thursdays, and from noon to 5 p.m. weekends and holidays. It is closed Fridays. INFORMATION: Visit www.vesta williamstown.com A duck on Nose Creek as it winds its way through the area. ” e right out your back door l y t s “life CHARLESMARK 2466 sq ft. Show home Now opeN • Architecturally controlled community • Wide selection of floor plans • 46 ft. and 48 ft. wide walkout lots available • Single family homes • Private docks available • Private water access Show Home: 2433 Bayside Circle SW, Airdrie Anni Jansson 403.980.3105 $405,000 Bayside Blvd. Lot, Home and GST Starting at Ba ysi de Cir cle 2433 Bayside Circle SW, Airdrie Bayside Link For more information contact: www.GenesisBuildersGroup.com [email protected] Hours: Mon - Thurs: 2:00 pm - 8:00 pm Fri: By appointment only Sat, Sun & Holidays: Noon - 5:00 pm CALCH041770_1_1 F4 NEW HOMES Saturday, July 2, 2011 Breaking news at calgaryherald.com COMPANY SPANS PROVINCES Vesta Properties Ltd. is a large, integrated new home company with successful projects in both B. C. and Alberta. Since 1989, it has created more than 1,500 single- and multi-family homes in Alberta and the Fraser Valley of B.C. For more information visit the website at www.vestaproperties.com FROM PAGE F3 GARAGE: ‘Success’ ■ Single-family laned homes between 1,332 and 1,640 square feet with a rear-detached concrete pad or garage and unfinished basement are priced in the low $300,000 range. Coming out of the economic downturn, Woodhall says WilliamCALGARYHERALD. stown has continued to attract buyers. “We’ve had great success since we HOMES opened the doors — and we ■ Visit our website continue to be for more photos. one of the bestselling communities in Airdrie because of the value we offer,” he says. Williamstown was officially opened in October 2009 and at build-out in three to five years, there will be about 300 single-family homes, says Woodhall. With sales in the second phase winding down, Vesta is readying for a fall launch of its show homes for the phase three laned homes and fourth phase of frontattached homes. Leah Hennel, Calgary Herald THE BUYERS Eric and Kelly Campbell. BACKGROUND: Kelly is a stay-athome mom; Eric is inside sales manager for Hunting Energy Services. The parents of three young children, the Campbells were in the market for a larger home. They shopped the Airdrie new home market extensively before deciding on a home in Williamstown by Vesta Properties Ltd. They moved in last October. The couple not only wanted a larger home (they bought a 2,100-square-foot homes from Vesta) but also wanted to take advantage of the natural amenities being offered in the community, such as the 18-hectare environmental reserve that is the centrepiece of the community. C M / Courtesy, Vesta Properties The site plan for Williamstown in Airdrie detailing the 18-hectare environmental reserve and Nose Creek with various neighbourhoods on either side. [email protected] Courtesy, Vesta Properties A streetscape in Williamstown. BY THE numbers Mortgage payment calculation chart This table gives you a rough idea of the maximum home price you can afford. These estimates take into account household income and down payment amount. They assume a mortgage interest rate of 8%, 25-year amortization, average tax and heating cost in Canada, and the mortgage an average Canadian would qualify for, based on a 32% debt-service ratio. Monthly investment in a mortgage per $1,000 % 3.5 25 YEAR = 5.01 15 YEAR = 7.15 NOTE: This table is presented for informational purposes only and may not apply to your specific situation; see your lending institution for detailed figures. Household Income/yr 10% down payment Maximum home price 25% down payment Maximum home price 4.0 = 5.28 = 7.40 4.5 = 5.56 = 7.65 5.0 = 5.85 = 7.91 5.5 = 6.11 = 8.14 $60,000 $19,600 $196,000 $58,800 $235,200 6.0 = 6.40 = 8.40 $70,000 $23,400 $234,000 $70,100 $280,800 6.5 = 6.70 = 8.67 $80,000 $27,200 $272,000 $81,500 $326,400 $90,000 $31,000 $310,000 $92,800 $372,000 $100,000 $34,800 $348,000 $104,400 $417,600 7.0 = 7.01 = 8.94 7.5 = 7.32 = 9.21 8.0 = 7.64 = 9.49 8.5 = 7.96 = 9.77 9.0 = 8.28 = 10.05 9.5 = 8.62 = 10.33 10.0 = 8.95 = 10.62 10.0 = 9.29 = For example: A $100,000 mortgage over 25 years at 3.5% is $5.01 x 100 = $501 monthly payment 10.92 Mortgage rates Income, home price and down payment guide $50,000 $15,800 $158,000 $47,400 $189,600 $120,000 $42,400 $424,000 $127,200 $508,800 $140,000 $50,000 $500,000 $150,000 $600,000 Effective June 30, 2011. Rates expressed in per cent. Variable Rate 6 mo. 6 mo. 1 year 1 year 2 year open closed open closed closed 3 year 4 year 5 year closed closed closed Bank of Montreal c 2.850 6.300 4.450 6.300 3.500 3.850 4.250 4.890 5.390 Bank of Nova Scotia c 2.500 6.450 4.550 6.500 4.300 3.950 4.550 4.990 5.390 3.200 3.600 3.600 3.740 3.840 Chartered banks Bridgewater Bank - CIBC Mortgages c 2.850 6.700 4.450 6.350 3.500 3.850 4.350 4.990 5.390 Canadian Western Bank c 3.000 6.450 4.450 6.350 3.500 3.850 4.350 4.990 5.390 HSBC Bank Canada c 2.800 6.200 4.450 6.350 3.600 3.950 4.450 4.990 5.390 ICICI Bank Canada c 2.350 - - - 3.150 3.650 3.740 4.050 4.140 ING Direct c 2.250 - - - 3.190 3.590 3.690 3.690 3.890 Laurentian Bank c 2.850 6.500 3.500 3.850 4.350 4.990 5.390 Manulife Bank 3.500 National Bank c 2.850 President’s Choice Fin’l c 2.350 Royal Bank c 2.800 TD Canada Trust c 2.850 - 6.700 4.400 - - 4.450 4.000 3.000 3.450 3.600 3.700 3.800 6.700 4.450 6.300 3.500 3.850 4.250 4.890 5.390 - 6.040 6.300 4.450 - 4.450 3.240 3.600 3.740 3.740 3.940 6.300 3.500 - 3.850 4.350 4.990 5.390 6.500 3.600 3.950 4.250 4.890 5.390 Trust Companies Concentra Financial - 6.700 4.450 6.450 3.500 3.850 4.350 4.990 5.390 Equitable Trust - 6.300 - 6.300 3.500 3.850 4.350 4.990 5.390 FirstLine Mortgages c 2.800 - 4.750 - 3.390 3.850 4.090 4.190 4.190 Home Trust Company - - - - 3.090 - 3.650 - 3.790 5.390 Investors Grp Trust 3.950 4.350 4.990 Peace Hills Trust c 2.650 - - 6.000 - 3.500 3.750 4.350 4.990 5.340 ResMor Trust - - - - 3.890 - 3.740 - 3.840 6.500 4.550 6.500 3.600 Other institutions ATB Financial c 2.600 6.300 4.450 6.300 3.500 3.850 4.250 4.890 3.540 - 6.300 4.450 6.300 2.390 3.850 3.690 3.890 3.490 $160,000 $57,600 $576,000 $172,800 $691,200 First Calgary Financial First National Financial c 2.250 $180,000 $65,200 $652,000 $195,600 $782,400 London Life c 2.650 $200,000 $72,800 $728,000 $218,400 $873,600 Figures are rounded to the nearest $100 - Macquarie Financial Ltd. c 2.800 - 4.450 6.500 4.550 - - 3.090 3.450 3.550 3.690 3.790 6.500 3.600 - 3.950 4.350 4.990 5.390 - 3.700 3.690 3.890 - 3.500 Variable rates are open unless indicated by a ‘c.’ This table was prepared by CANNEX Financial Exchanges on June 30, 2011. For current rates, please visit the CANNEX website at www.cannex.com. All rates are for informational purposes only, and should be confirmed by the company quoted. 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