Living in style

Gary Brinton and staging through Attica

As featured in the Chronicle Herald.

A move to the condo lifestyle is a top national trend

Until recently, single-detached homes were the fastest-growing, top-selling option in Canada. But a 2016 Statistics Canada survey shows condominium living is on the rise, which is not surprising when you consider the perks and convenience they offer both homeowners and renters. Forest Lakes is on par with this nation-wide trend, offering their own luxurious, 12-unit condominium building, The Edgewater has a laundry list of perks, including what will no doubt become an enviable view overlooking the very first Nicklaus Design golf course in the region.

The obvious jump in the number of people looking to trade in their traditional detached homes for the condo lifestyle is not surprising. “Condos come with many perks,” says Ralph Bastarache, VP of Sales at Forest Lakes. “We live in different times now — people are always busy and are seeking more for their money with less hassle, and condos fit the bill.”

In fact, 1.9 million Canadians agree and are now living the lifestyle and ease that condos offer. While Nova Scotia is not quite up to the national average of 13.3 percent of all households opting for condo living, it’s on the rise; now encompassing 6 percent of the population (10,415 Nova Scotian households). This percentage is expected to increase, especially in a province poised to become a world-class innovation hub in the upcoming years, according to expert Malcolm Fraser, CEO of Volta Labs, a company that works closely with new business ventures looking to make Halifax their stomping ground.

Just a short drive from Halifax’s bustling downtown core, Forest Lakes’ Edgewater condominium units have another perk to the usual benefits people expect from condo living. “The Forest Lakes community is one-of-a-kind in the province for many reasons, but it’s an obvious choice for anyone looking to experience the benefits of living in nature while also having quick and easy access to everything a large city like Halifax offers,” says Bastarache.

Contributed
Contributed

Why a condo?

Less maintenance: One of the key benefits of condo living is not having to worry about maintenance. No more cutting the grass, shovelling snow, fixing a leaky roof or having to paint the deck. This is appealing to a wide range of people, including those who travel, those who enjoy spending their precious time with family and those who are just too busy or simply don’t want to deal with maintenance.

On top of the maintenance included with condominium living, Forest Lakes also has a Maintenance Free Living program, where they offer dog walking, home check-in services, house cleaning and so much more.

Amenities: While Forest Lakes offers all residents a number of amazing amenities, owners of an Edgewater condo unit have easy access to the Boathouse area on Cochran Lake, more than 10 kilometres of multi-purpose trails, as well as the Welcome Lodge where they can meet and interact with other residents for game nights or other events. The Edgewater is also a community within a community, offering even more opportunities for residents to get to know their neighbours and develop long, lasting friendships with people from all walks of life.

Future plans include an equestrian centre, a family entertainment centre, a spa, a farmers market and so much more, including the first Nicklaus Design golf course, Forest Lakes Golf Club, on schedule to open for full play in 2021.

Good investment: For the first time, according to the latest data, condos may be surpassing single-family homes in appreciation and market value. The market value for condos rose 38.4 percent between 2012 and 2017 while the value of single-family homes rose slightly less by 27.9 percent. “Condos with desirable locations retain or increase their value over time, making them a solid financial investment. Couple that with views of a Nicklaus Design golf course, and your investment will only continue to grow,” says Bastarache.

Additionally, condo owners can take advantage of the unique Forest Lakes rental program. To maximize your investment value, you can rent out your unit for ‘stay and play’ use — reap the rewards of additional income and use your condo whenever you please.

Gary Brinton and staging through Attica
Gary Brinton and staging through Attica

Affordability: Condos typically cost less than a single-family home, which makes them more affordable for first-time buyers or those with a tighter budget. Edgewater units start at $339,000 and run from one- to three-bedroom units.

“When you factor in the unparalleled views of the golf course and surrounding nature, the Edgewater is a very unique option at an incredibly affordable price,” says Bastarache. “This doesn’t even take into consideration the money people will save on such things as home repairs and maintenance.”

Luxury: While luxury is something most homeowners desire, it typically comes with a pretty hefty price tag. The Edgewater exudes luxury from its exterior warm, wood siding and spectacular stone accent to the quality interior design and finishings that go above those found in most condos of similar price. The community of Forest Lakes prides themselves on being able to offer people the very best at a price they can afford.

It should come as no surprise that 50 percent of the Edgewater units are already sold. With two styles to choose from — classic and contemporary — buyers have been jumping at the opportunity to become part of the growing condo-living trend. From empty nesters and retirees to professional couples and young families, condo living is a suitable and affordable option for almost anyone.

To tour the Edgewater condominium, other home options at Forest Lakes, or if you simply wish to receive more information, you can contact their team directly at info@forestlakescountryclub.ca