THE NEST

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THE NEST is located within walking distance to all the urban amenities of downtown Spruce Grove. This downtown area is the focus of the City Centre Revitalization Discussion Paper, prepared in co-operation with civic and business leaders. They look forward to continuing population growth and help ensure Spruce Grove continues to be a great place to live, work and invest.

Alberta is poised to have the strongest economic growth in 2017 mainly due to fast-rising oil production, according to The Conference Board of Canada’s Provincial Outlook: Winter 2017. Former leaders, British Columbia and Ontario, will see the pace of economic growth ease this year, but they will still deliver a solid performance. The Board projects Alberta will lead the country in terms of real GDP growth in 2017, which is forecast at 2.8 per cent.

Contributing to the province’s growth is a more stable outlook for the energy sector following the recent OPEC agreement to cut oil production, which will allow oil prices to average almost US$60 a barrel for the West Texas Intermediate by the end of 2018. Although investment in the energy sector will not be increasing at a fast pace, total exports are expected to increase this year due to robust oil production gains as new oil sands projects come online. Another positive development for Alberta down the road is the federal government’s conditional approval of the Enbridge Line 3 Replacement project and Kinder Morgan pipeline.

Conference Board
CBC

On Monday, Feb. 13, service began on Route 562 – Spruce Grove’s newest commuter transit route. Route 562 will run during peak morning and afternoon hours on weekdays and will travel around Spruce Grove with service to West Edmonton Mall, the South Campus/Fort Edmonton Park LRT station and the Acheson Industrial Area (south). Route 562 joins Route 560, which travels throughout Spruce Grove and provides service to NAIT, Grant MacEwan University and Edmonton’s downtown core, as a Spruce Grove commuter transit route. All fare products, including the U-Pass, will be accepted on both routes.

Here, the secret behind fitting a large kitchen, home theater, gym facilities, and cat-friendly areas into a 300-square-foot flat. ​

Small room ideas for tiny apartment
LAAB/Sootage Visual
BY KELSEY KLOSS
APR 18, 2016

Check out the astounding video and photos below (you’ll never again think your space is too small).

Like many large cities, Hong Kong is a pricey place to live. Because of that, it’s no surprise residents looking for property in the expensive urban center of the 7 million-person city try to squeeze as much as they can into sometimes ridiculously small spaces.

When a couple found themselves in that exact situation, they hired Hong Kong-based architects LAAB to transform a tiny apartment into a space with a large kitchen, bathtub, home cinema, gym facilities, and cat-friendly features. The size: 309 square feet.

The magic is in what LAAB calls a “form follows time” philosophy, in which the apartment transforms based on the time of the day, and features are stowed away and brought out as required. Take the bathroom, for instance, which can be arranged with either a full bathtub, a bathing area with a separated sink area (so one person can bathe while another, say, brushes teeth), second tier seating for the home cinema, or a guest bedroom, according to LAAB.

 

DESIGN IDEAS TO TRY IN YOUR SMALL BATHROOM
In this micro-apartment, little doesn’t equate to low-tech. The space has a range of app-controlled smart home technologies such as mood lighting and a smart lock that allows residents and guests to come and go easily.

For the couple’s three cats, LAAB designed feline-friendly areas, including a cat walk around the ceiling, a litter box hidden beneath the bathroom sink, a cat ladder, cat food trays hidden in the kitchen cabinets, and a hidden den for cat naps.

http://www.elledecor.com/design-decorate/room-ideas/news/a8564/small-room-ideas-for-tiny-apartment/

If you currently live in Spruce Grove, then you probably already know that this is a great city to live in. For those who don’t know, the rankings for 2015 are in and Spruce Grove dominated as one of the best places to work, play, live, and raise a family. Here are just a few reasons why Spruce Grove is unquestionably one the best places to be, at any stage of life:

  1. 535 housing starts to the end of November has us top 3 in the capital region
  2. $164,000,000.00 in Institutional work planed and opening in 2015/2016. This will created over 350 new skilled jobs in Spruce Grove!
  3. College Instructors, RCMP, Teachers, Administrators, Doctors, nurses, and Medical Technicians 
  4. Ranked in 2015 as Top 10 city in Canada to raise children!
  5. Ranked Spruce Grove Top 10 in Canada to start and grow a business
  6. Ranked Spruce Grove East as top 100 neighbourhoods in a Canada
  7. Ranked top 3 in Canada 2015 for Accident injury reduction by the Insurance Bureau of Canada
  8.  Ranked number #1 out of 100 cities by AllState Insurance as the the safest city overall in Canada to drive in 

 

Here in Alberta, we have become accustomed to our wide open spaces. This may be why many of our buyers are initially a little shocked at the functionality of a 379 Sq ft Bachelor Unit.  Although it may take some getting used to, we’ve collected a list of why it’s worth making the change:

  1. It’s easier to clean.
  2. You’re less likely to overshop when space is a priority – so you save money.
  3. Small versions of furniture cost less. A lot less.
  4. It’s easier to focus on quality over quantity when everything’s on display.
  5. Your heating and cooling bills tend to be lower.
  6. A small art collection makes big impact.
  7. A single statement piece or splurge can make the whole room (which in some instances is the whole apartment).
  8. It’s harder to lose the remote, or anything else for that matter.
  9. You’re more likely to purge clutter when you can’t hide it away.
  10. You can afford to have niceties like candles and flowers in every room
  11. Less environmental impact. A smaller home requires less resources to build and less resources to maintain. And that benefits all of us.
  12. Wider market to sellBy its very definition, a smaller, more affordable house is affordable to a larger percentage of the population than a more expensive, less affordable one.

Of course not everything can perfect in your new functional space. Here are some of the challenges you may want to be prepared for:

  1. Organization Is a Must. You need to utilize every organizing idea for small spaces, otherwise your tiny home will look like a cluttered closet. You won’t want to spend time there.

2.You Can’t Have It All. It can be difficult to decide what possessions to take with you into this tiny space, especially if you have abundant or large family heirlooms.

  1. Entertaining Is a Challenge. Entertaining in a tiny home has limits. In warm months you can go outside, but winter can force you to limit your guest list.

If the micro condo isn’t for you, or you’re unable to give up your ever growing China collection, don’t worry. We still have the traditional one and two bedroom units available for you at The Nest.

When more than 2,000 buyers crammed into a Surrey sales site April 18 they may have ended debate about the future of tiny condos in Metro Vancouver’s white-hot housing market.
Buyers had lined up from four in the morning for a chance to buy a 316-square-foot micro-sized condo for $93,900. That single loss leader sold to an Edmonton investor minutes after the noon opening of the Evolve sales office. But, within 90 minutes, 300 of the 406 tower condos had sold, including nearly all of the 35 micro suites, at prices from around $134,000.

“Buyers swarmed the buying counter in a frenzy that hasn’t been seen in recent years,” said Bill Morrison, president of Platinum Project Marketing.

Evolve is a 35-storey tower by Westone Properties and the second of six condominium towers planned for the West Village, a development near the central Surrey SkyTrain station that will eventually house more than 2,800 people.

Evolve’s startling sales success may silence concerns about the future of micro-sized condos in Metro Vancouver.
Just a block from Evolve, Reliance Properties of Vancouver will open a sales office May 15 for Prime on the Plaza, a 37-storey tower where 200 of the 361 condos will be micro units of around 304 square feet.

These condos, which include built-in, fold-down beds that convert to a dining table, will start from $139,900, said Jon Stovell, head of acquisitions and development for Reliance.

Reliance has already launched Tower D in Vancouver’s West End, with rental condos as small as 320 square feet.

Reliance planned on going as small as 175 square feet, but was stymied by a City of Vancouver regulation that requires that a condominium must be at least 390 square feet, Stovell said.

While developers tout the tiny condos as a solution for young first-time buyers, the majority of sales are to investors, Stovell confirmed.

“A typical scenario is a parent buys a unit to use while their children are going to university and then it ends up as a rental unit,” he said.

Reliance tested the market with the completion of the Burns Block renovation in downtown Vancouver in 2012, a rental project with apartments as small as 270 square feet. These now rent for around $4 per square foot, Stovell said, which, is above the Metro Vancouver average for condominium rentals, according to Canada Mortgage and Housing Corp.

“Small condos can be a great investment,” Stovell said.

– O’Brien, F. (2015, April 22). Business Vancouver.

We are now entering the stage of up-and-coming millennials vying for the position of the huge population of baby boomers, who are beginning to use the words retirement plan more often than usual.

 

“This past year marked the first time that millennials became the largest generation in the Canadian workforce. According to Statistics Canada, millennials account for 36.8 per cent of the workforce, with Gen X at 33.9 per cent, and Baby Boomers at 31.1 per cent.” (Canadian Real Estate Wealth, 2015)

 

As the younger generation gains access to a larger cash flow, they are able to participate more actively in the investment market. This generation is now as large or larger than the boomer generation for total population. This level of buying power will have major implications to the type of financial products that live or die in the future.

 

As an up-and-coming community, Spruce Grove is a huge attraction for young families and people looking to live in a strong community, away from the busy city. Jobs are of no shortage for people either. With an abundance of jobs throughout Spruce Grove, Acheson, Stony Plain, and other surrounding areas, the short commute to Edmonton is not necessarily mandatory.

 

“So far millennials don’t appear to be pushing for flips and quick cash but instead are focused on stable buy-and-hold opportunities. The next generation of real estate investors wants a long-term investment that will provide stable returns in exchange for low levels of risk.” (Canadian Real Estate Wealth, 2015) With this stance on long-term investments, comes the benefit of return on a new building vs. an older one. It goes without saying that the newer building will hold its’ value for much longer than one that has already been worn in.

 

As the millennial generation continue to enter the investment market, Spruce Grove and the developments within it, will quickly become ideal targets for stable and longterm investments.

 

http://www.canadianrealestatemagazine.ca/expert-advice/what-does-the-next-generation-of-investors-look-like-194334.aspx

Hi everyone,

As the Sales Assistant for The Nest, one of my favourite things about my job is helping people realize that they are capable of having more than they have ever thought possible. One of our most recent buyers is the perfect example of this.

This individual was living in a house with three other roommates, paying $750.00 rent towards someone else’s mortgage. He contacted us looking for a space of his own, and to save some money on rent. Throughout our conversation he explained that he would love to own a place of his own, but just didn’t think that was possible. After speaking with our mortgage broker, with just over a $5000.00 deposit, this buyer ended up with a mortgage payment of $460.02/month and became a first time property owner.

Here is a word from our most recent buyer mentioned above:

“For the last seven years I have been a renter in our country’s rising economy. With the increases to living costs it has made life very difficult. My father has rented his whole life and I have seen first hand the toll it takes, moving almost seasonally as the price of rent went up and all the expenses that go with it. I then got to experience this on my own. Life has been very hard for me moving almost five times in one year, which was until I found the nest. Finally my life has been simplified with cost effective ownership. I am completely ecstatic I have been so fortunate to meet the people involved with the Nest. I look forward to moving into my own home this fall. Finally the perpetual quest to find housing is over for me and at a cheaper cost then rent, and it’s all thanks to the people at the Nest. Thank you.”

There are plenty of reasons why people choose to pay rent, but if you wish to own a property instead, why not explore that option?

Madison Bourgeois
Sales & Marketing Assistant

Edmonton HOT and we are doing a lot of deals, find out why?


Email: sales@livingatthenest.com
Address: 610 Calahoo Rd. Spruce Grove
PH: 1 844 722 6477

1777508 Alberta Ltd.
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