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MONEYMAKEOVER11unknowncostsofhomeownershipTWOTAKESONFIRST-TIMEHOMEBUYINGthehousevs.condoconundrumRENOINORDERbynewHGTVhostSebastianClovisPLUShighlightsfromtheMeaningofHomecontestDIGITALVERSIONAVAILABLEATHOMEOWNERSHIP.CAFALL2O14 2GENWORTHSPRING2014PHOTOCREDIT COVERPHOTOHEROIMAGESGETTYIMAGES4NEWSVIEWS811UNKNOWNCOSTSOFHOMEOWNERSHIP12HOUSEVERSUSCONDO15TWOTAKESONFIRST-TIMEHOMEBUYING19WHATSONLINE20RENOINORDER21INSPIRATIONCOMESHOME22FIRST-TIMERTIPSAUTUMNSPLENDOURGENWORTHCANADAFALL2O143WELCOMECHECKOUTGENWORTH.CAEDITORAmandaEatonARTDIRECTORGordonAlexanderFREELANCECONTRIBUTORSYukiHayashiSeanDeasyPROJECTMANAGERAmritaKochharAsweembracetheseasonandstarttoshitourocusindoorsorthemonthsaheaditstheperecttimetoreectonwhathomemeanstoCanadians.ForallousatGenworthCanadahomeisattheheartoeverythingwedo.Itswhywestrivetooeryoutheinormationandtoolstosimpliyyourfrst-timebuyingexperience.InthiseditionotheDigestweshitourocustotheboomingcondomarketprovidingyouwiththelatestinormationtoconsiderwhendecidingbetweenowningacondoorahome.Youllmeetrealestateindustryproessionalsandfrst-timehomeownerswhoshareadviceandanecdotesontheexperienceochoosingandbuyingafrsthomewhetheritsahouseorcondo.YoullgethandyadviceromHGTVsnewstarSebastianClovisonprioritizingrenosinyournewfxer-upperandwelltapintoourvastandgrowingonlinecommunityorsomecrowdsourcedrealestateadvicethatwillmakeyourfrstbuyatruedreamhome.InthatspiritweresoproudoourMeaningoHomecontestasstudentsromallacrossthecountryareonceagaininvitedtosharetheirthoughtsaboutwhathomemeanstothem.Sinceitsinceptionin2006thecontesthasdirectedmorethan700000toHabitatorHumanityCanadabuildsacrossCanada.Formoreinormationonthecontestvisitmeaningohome.ca.Wehopeyoufndtruemeaninginyourfrsthome.DebbieMcPhersonSeniorVice-PresidentSalesMarketingGenworthCanada NEWSVIEWSTHEEDGECHECKOUTGENWORTH.CA4GENWORTHCANADAFALL2O141.MICROCONDOSThemostanticipatedtrendinhigh-densitycitiesisthemicrocondo.Imagineatotallykitted-outspaceintheootprintoatypicalhotelroomjust300squareeetBuiltinresponsetoboomingrealestatepricesmicrocondosmakedowntownhomeownershipamoreaordableoptionorfrst-timebuyers.MicrocondoscompromiseonspacebutnotconveniencethinkdesignerMurphybedstackingwasherdryerandhiddenextracounterspace.3HOTTRENDSModerncondolivingisallaboutembracingthenewandurbane.Fromber-ecientfoorplanstoenvironmentallyresponsiblebuildingdesignstheollowingtrendsmaximizethepotentialothisversatilehousingoption.CONDOCONFIDENTIAL2.GREENBUILDINGSAccordingtoaNielsenCanada-widesurveyoattitudestowardgreenhomesCanadianswantgreenhomeswith82percentsayingtheydbewillingtopaymoreoraLEED-certifedhome.Toqualiybuildersuseenergy-efcientheatingandcoolingsystemslow-VOCpaintsandlow-Eargon-flledwindows.Additionalgreeneaturesincluderecyclingchutesenergy-savingmotion-sensorlightingprogrammableunitthermostatsenergy-efcientappliancesandamenitieslikerootopgardensandcoveredbikeparking.3.ULTRA-LUXURYCONDOSLimited-editioncondodevelopmentsboastprominentaddressesstarchitectcredibilityandthecachetthatcomeswithexclusivity.Theseultra-high-endresidencesoerthesquareootageoexecutivehomesinthe3000-square-ootrangewithjustoneortwoperhigh-riseoor.AlreadyabigtrendininternationalmetroareasincludingLondonParisNewYorkandMiamitheyrenowstartingtopingbothTorontosandVancouversrealestateradarstoo. GENWORTHCANADAFALL2O145TORONTOCondominiumstartssurgedin2012toarecordhigho27413unitsdoublethepreviousdecadesaverage.Thispushedthenumberoapartmentsunderconstructiontoanunprecedented55286unitsonaseasonallyadjustedbasisinthisyearsfrstquarterburstingthroughthe2013record.MONTREALDemandisexpectedtokeeprisingoverthenextewyearsaswellwithunitsalesoapartmentcondominiumssettogrowbyanaverageo2.4percentperyearbetween2016and2018.Thiswillbematchedbymodestincreasesinactivelistingsater2017holdingthesales-to-active-listingsrationear8.3percentrom2016to2018.QUEBECCITYOverallcondominiumunitsalesareexpectedtoincreaseby3percentin2015.Accordinglystartsareexpectedtoriseby4.3percent.From2016to2018startsoapartmentcondominiumsareorecastedtoincreasebyanaverageo2.1percentperyear.VANCOUVERAnnualsalesareexpectedtoriseslowlybutsteadilythroughouttheorecast.Theyshouldhit13360unitsby2018.BOOMTOWNFactsandfiguresaboutcondosalesinkeyCanadiancities.TorontoMontrealVancouverQuebecCitySourceConerenceBoardoCanadaSummer2014MetropolitanCondoOutlook HELPCHECKOUTGENWORTH.CA6GENWORTHCANADAFALL2O14PROGRAMGENWORTHCANADABUSINESSFORSELF-EMPLOYEDSOURCEGenworthCanadaHOWITHELPSThislendingprogramistailoredtothesel-employed.Dontletalackotraditionalincomeverifcationgetinthewayohomeownership.Iyouhaveaprovenhistoryomanagingyourcreditandfnancesresponsiblyandhaveownedyoursmallbusinessoratleasttwoyearsyoumaystillqualiyoramortgageloan.PROGRAMFIRST-TIMEHOMEBUYERSTAXCREDITSOURCECanadaRevenueAgencyHOWITHELPSThisederaltaxcreditoupto750providestaxrelietoqualifedfrst-timebuyershelpingtocoverthestandardarrayoeesassociatedwithhomeownershiplegaleesland-transertaxesdisbursementsetc.PROGRAMHOMEBUYERSPLANSOURCECanadaRevenueAgencyHOWITHELPSGotanRRSPThendontwaittillretirementtouseittoyouradvantageThisprogramallowsyoutowithdrawupto25000romyourRRSPtoputtowardoryourfrsthome.Youthenhave15yearstopaytheamountbackintoyourRRSP.QIthinkImreadytobuymyfrstplaceandhavemyeyeonanewcondodevelopment.ButIdrathernotspendallmysavingsonthedownpayment.Arethereanyprogramsthatcanhelpsel-employedfrst-timerslikemyselAAbsolutelyHerearethreeopportunitiesworthexploringsoyouvegotmoneyletinthebankordecoratingortogrowyoursmallbusinessYOUASKEDWEANSWERED GENWORTHCANADAFALL2O147hertz.caReg.U.S.Pat.Off.2013HertzSystemInc.WhetheryourcarisintheshoporitstimeforalongvacationoraquickgetawaytoseefamilyorfriendschooseHertzforthewidestselectionofvehicles.FromvaluesavingsoptionslikeacompactcartoaroomyfullsizecarorluxurymodelHertzmakesrentingavehicleeasyandaffordable.WithlocationsaroundtheworldinallmajorairportsandinneighbourhoodsacrossCanadanearyourhomeorofcetheressuretobeaHertztogetyouontheroadquicklyandconveniently.Visithertz.cacallyourtravelagentorcallHertzat1-800-263-0600LetYourJourneyBegin 8GENWORTHCANADAFALL2O14BUDGETINGCHECKOUTGENWORTH.CAOFHOMEOWNERSHIP11UNKNOWNCOSTSBuyingyourfrsthomeisallaboutsmartbudgetingsavingenoughoradownpaymentcrunchingnumberstodeterminehowmuchmortgageyoucanaordallocatingundstoDIYyourfxer-upperintomove-incondition.Butthecostsdontendthere.Thegoodnewsplanninginadvanceensuresfnancialbumpswontdetouryourhomeownershipplans.Bepreparedortheseadditionalcosts. GENWORTHCANADAFALL2O1493.PROVINCIALLANDTRANSFERTAXAllprovinceswiththeexceptionoAlbertaandSaskatchewanchargealandtransertaxwhenyoupurchaseproperty.Ratesareapercentagethatvariesbasedonpropertyvalue.AVERAGECOSTOntarioslandtransertaxrangesrom0.5to2dependingonpropertyvalue.TheaverageCanadianhousepriceisnow365000whichwouldrequireanOntariolandtransertaxpaymento3675.Thegoodnewsfrst-timebuyersinOntarioB.C.andP.E.I.canapplyorarebateoupto2000.Checkyourprovincialgovernmentswebsiteormoreinormationonavailableresourcesandrebates.1.HOMEINSPECTIONAlthoughintightmarketslikeTorontobidderssometimesorgohomeinspectionsthesmartmoneyisongettingahomeinspectionreportbeoreputtinginyouroer.Acertifedhomeinspectorcansaveyouthousandsodollarsbytippingyouotoproblemareasandrepairsneededdowntheroad.AVERAGECOST200to500perinspection.2.LEGALFEESOnceyousignyouroertopurchaseyoullneedtohirearealestatelawyertohandleyourpaperworkandfleyourtransactions.Thisincludesconductingatitlesearchregisteringyournewplaceinyournameandmakingsurethedownpaymentandlandtransertaxgotothecorrectofcesontime.AVERAGECOST1500andupincludingbotheeanddisbursementsortitlesearcheescouriersandadministration.HOUSEEXPENDITURESBeawareothesethreehouse-specifcsurprisecostsUTILITYDEPOSITIyoureanewcustomerbepreparedtopayadepositoupto300perutilitywhenyousignuporyourservices.HOUSEUPGRADESWhenyouleastexpectityoumightneedtoputinanewrooorripothatInsulbrickinordertoqualiyorhomeinsuranceorapreerredrate.HOMEMAINTENANCEGEARAllyouneededasatenantwasasmalltoolbox.Butaseveryhouseownerknowspowertoolsandproperty-maintaininggadgetslikealawnmowerpressurewasherwetdryvacladdersandotheritemsaremust-haves 4.PROVINCIALLANDTITLETRANSFERFEESaskatchewanandAlbertadonthavealandtransertaxbuttheydohavearelativelynominallandtitletranseree.AVERAGECOSTInSaskatchewanthelandtitletransereeonthattypical365000housewouldcometo1095.InAlbertaitwouldbeamere123.5.PROVINCIALMORTGAGEREGISTRATIONFEESaskatchewanandAlbertaalsoeachlevyamortgageregistrationontitleeeonpropertysalesthatinvolveamortgage.AVERAGECOSTFora300000mortgageexpecttopay110inAlbertaandinSaskatchewan150afatratethatwillcoveryouoruptoourmortgagetitles.6.MUNICIPALLANDTRANSFERTAXForTorontonianstherealestatetaxmanhitstwicewithCanadasonlymunicipallandtransertaxwhichispaidinadditiontotheprovincialtax.AVERAGECOSTTorontosaveragehomecostiswelloverthenationalaveragesoletsusea500000houseasourexample.Itwouldbesubjecttoanapproximate5725municipallandtransertaxinadditiontothe0.5to2provinciallandtransertax.CONDOCOSTSBepreparedforthesethreepotentialcostsofowningacondo.SPECIALASSESSMENTSEverysootenamajorrepairtothebuildingdwarsthecondoscollectivereserveundwhichyoupayintowithyourmonthlycondoees.Whenthishappensyoucanbeacedwithahetyextracharge.RENTYesrentIyouboughtooablueprintdontbesurprisediconstructiondelayspushyourmove-indatebyseveralmonths.Inthemeantimeunlessyoucanstaywithriendsoramilyyoullbepayingalandlord.OCCUPANCYFEESItcantakemonthsoracondocorporationtoregisteranewbuildingwiththemunicipality.Youcanmoveinbutyourenottechnicallytheowneroyourcondoyetsoyoullbechargedoccupancyeesalsoknownasphantomrent.BUDGETINGCHECKOUTGENWORTH.CA10GENWORTHCANADAFALL2O14 GENWORTHCANADAFALL2O14119.ADJUSTMENTSIfthesellerprepaidpropertytaxesorutilitiesyoullhavetorepaythemtheproratedamount.AVERAGECOST400to70010.MOVINGCOSTSAnddontforgetthebigdayAVERAGECOST1500to500011.HOMEINSURANCEToprotectyournestanditscontents.AVERAGECOST1000to2000peryear.7.MORTGAGEINSURANCEAllhigh-ratiomortgageswheretheborrowersdownpaymentislessthan20ofthehomespurchasepricerequiremortgagedefaultinsurancefromaninsurersuchasGenworthCanada.Lenderspaytheinsurancepremiumandthecostispassedontothehomebuyerandnormallyaddedtothemortgage.AVERAGECOSTThepremiumonthetotalloanvariesfrom0.60to3.15dependingonyourpercentageofloan-to-valueandotherfeaturesofyourmortgagethegreateryourdownpaymentinrelationtoyourhomescostthelowerthemortgageloaninsurancepremium.8.TITLEINSURANCETitleinsuranceprotectsyouagainstlossesarisingfromchallengestotheownershipofyourhome.Examplesincludefraudandforgeryandtitledefectssuchasunpaidliensonthepropertyencroachmentsetc..AVERAGECOSTThepremiumvariesbetweenhousesandcondosandbypropertyvalueona500000houseexpectanaveragecostof325fora500000condoexpectjust150. 12GENWORTHCANADAFALL2O14COMPASSCHECKOUTGENWORTH.CAHOUSEVERSUSCONDOAREALESTATEAGENTSPERSPECTIVEIncitiesbigandsmallthehouse-versus-condodebateisaperennialhottopic.ButwhatdorealestateinsidersthinkWetalkedtoBrianEldersalesrepresentativewithRoyalLePagetogetthelowdownondeterminingtherightftoryourliestyle. GENWORTHCANADAFALL2O1413CONDOSPROSNO-HASSLEMAINTENANCE.CondolivingisidealorsomebodywhohasareallybusyliestyleormaybeisnthandyandwantstoknowthatwhentheyleavetheycanlocktheirdoorandeverythingisgoingtobeokaybecausesomeoneelseislookingatersaetyandmaintenancesaysElder.COMMUNITYCONVENIENCE.Youliveinacommunityolike-mindedpeople.Otenthereareamazingacilitieslikeapoolandoragymandanicesharedlobby.YourepartoacommunitywithinaneighbourhoodsaysElder.CONLESSFREEDOM.Iyouwanttodoarenoyoullhavetogotothecorporationtogetapproval.YouhavenocontroloverthemaintenanceeesandthedecorotheexteriorspacesandcommonspacessaysElder.TIPLookattherulesandregulationsoacondocorporationandmakesureyouareokaywiththempriortoputtinginanoeronaunit.BESTFORBusypeopleincludingworkaholicsandavidtravellerswhohaveprioritiesotherthanpropertyupkeepandmaintenance.Alsothosewholikeworkingoutclosetohomeandwhodontmindsharingpublicacilitieslikeapartyroomorbikestoragespace.HOUSESPROSYOUREMASTEROFYOURDOMAIN.Youownthelandandyouownthehousethatsonitsoalldecisionsareyourstomakewhetheritbeaboutrenovatinglandscapingorevenpickingpaintcolours.ItsyourdecisionandyoudonthavetoaskanyonespermissionsaysElder.PRIVACY.Youhaveewerneighboursandyouarentsharingpublicspaceswithothers.WhenyouwalkinyourrontdooritsyourrontdoornotasharedlobbysaysElder.CONREPAIRSANDMAINTENANCEareyoursoleresponsibility.ThewaytoprepareorthatistojustmakesureyouvegotarainydayundsomoneyisthereshouldtherebeanyrepairsthatneedtobedoneadvisesElder.BESTFORIndependenttypeslookingtostakeclaimonlandaswellasahousedecoratingittotheirpreerencesindoorsandout.AvidgardenersDIYersandthosewhodreamokickingbackinaprivatebackyardretreatwillalsopreerahouseoveracondo.Finallydontorgetthatliestyleschangewithliestage.Youmaystartoutinacondoraiseyouramilyinahouseandthenre-embracecondolivingasanemptynester.Findagreatrealestateagentandmortgagebrokerandyoullhaveallthehelpyoullneedtofndyourdreamhomeateverystageoyourlie GENWORTHCANADAFALL2O1415Purchasingyourfrsthomeisamomentousoccasionprobablythebiggestfnancialinvestmentyouveevermadeandthebeginningomajorliechanges.Butinspiteothissharedexperiencenotallfrst-timehomebuyersarealike.OneothebiggestdierencesChoosingacondoversusahouse.Weaskedthreerecentfrst-timebuyerstoshareinsightsromtheirrecenthomepurchase.TWOTAKESONFIRST-TIMEHOMEBUYINGHOUSEOWNERSMariaTopalovic-JonesPaulJonesPURCHASEDAthree-bedroomdetachedhouseindowntownHamiltonOCCUPATIONSEnvironmentalspecialistandcommunicationsproessionalMOVEDINApril2014CONDOOWNERJamesLucasPURCHASEDAone-bedroomnew-buildcondoindowntownTorontoOCCUPATIONAccountmanagementMOVEDINJune2014 16GENWORTHCANADAFALL2O14GENWORTHCANADAJameswhyacondoJAMESLUCASHousesneedalotomaintenancewhilecondosdontItravelalotorworkandwheneverIleaveIdonthavetoworryaboutmyhomeIjustlockmydoorandgo.Ialsoenjoythesmallootprintocondoliving.IyouworkalotandsocializeoutsideohomeyoudontwantalotoroomssittingandcollectingdustorextrachorestodoonSundays.GENWORTHPaulandMariawhatmadeyoulookforahousePAULJONESAterapartmentlivingtogetherorfveyearsahouseappealedtous.Wewantedthespaceaswellasabackyardtogarden.Bothousgrewupinhousessothisplayedapartinourdesiretohaveahouseoourown.MARIATOPALOVIC-JONESThecostothecondowasalwaysalittlescaryaswellconsideringyouhavecondoeesontopoyourmortgage.REALLIFECHECKOUTGENWORTH.CA GENWORTHCANADAFALL2O1417GENWORTHEveryonesheardtheadageLocationlocationlocation.WhatdrewyoutoyourpresentneighbourhoodJAMESMycondoisinTorontosFashionDistrictatrendymixedretailofceresidentialdistrict.IliketheareaintermsotheliestyletheviewsandtheshortcommutetomyworkintheFinancialDistrict.MARIAAwalkablecommunityisveryimportanttousandHamiltonsKirkendallneighbourhoodisverywalkable.Therearemanygrocerystoresrestaurantsandhikingtrails.OurhouseisclosetotheChedokeRailTrailwhichisimportantasweenjoyrunningandcycling.Theareaisalsoonabusroutehasbikelanesandwillsoonhavebike-sharestations.Wewantedtoliveinacommunitythatwecouldeasilybeactiveinthatsupportsactivetransportationandhealthyliving. 18GENWORTHCANADAFALL2O14GENWORTHHowmanyplacesdidyouviewbeorefndingTheOneJAMESIcheckedoutabout14beorefndingthisspecifccondowhichhitalltherightmarksonlocationsizebudgetandamenities.PAULIttookusapproximatelysixmonthsoncewestartedlookinginearnest.Wedbeenkeepinganeyeonlistingsandvisitedopenhousesbeorewegotmarriedbutthatwasmoretogainasenseothemarket.Untilthishouseweneversawanythingwelikedenoughtoputanoeron.GENWORTHJameswhatsyourNo.1tiporfrst-timecondoshoppersJAMESTalktoothercondoowners.Askwhatbuildingamenitiestheyactuallyuseandthinkaboutwhichonesyouvaluemostsoyoulookatbuildingsoeringthembutnotnecessarilythethingsyouwontuse.ImlookingorwardtotherootopswimmingpoolthatsunderconstructioninmybuildingGENWORTHMariaandPaulwhatwouldbeyouradvicetofrst-timehousebuyersPAULResearchtheareathisgivesyouabetterideaowhattheaveragepricingisandyoullbebetterabletotellisomethingsoverpriced.Getahomeinspectionbyareputablecompany.Itmayalsobeworthspendingadditionalmoneyonasewersystemcheckthesearentcoveredbythestandardhomeinspection.Spendingmoneyuprontcansaveyouthousandsdowntheroad.MARIABudgetoralltheextraswhenyoureplanningyourfnancesincludinglegaleeshomeinspectionurnitureandrepairs.Dontgetdiscouragedandgiveyourseltimetofndtheplaceyouwant.OnlinephotoscanbeverydeceivingDontworrythoughsoonenoughyoullfndtheplacethatmatchesthosephotosREALLIFECHECKOUTGENWORTH.CA GENWORTHCANADAFALL2O1419IntroducingTHEGENWORTHCANADAHOMEOPENERSAPPYourhometeamjustgotarealboost.Thebrokersrealestateagentsandlenderswhohelpyousecureyourfrsthomenowhaveaccesstoanewmobileresourcetohelpgetyouontherighttrack.ThenewGenworthCanadaHomeopenersAppwillactasamobilehuborkeyinormationsuchasaordabilitycalculatorsproductdescriptionstimelybusinessupdatesandotherresources.Checkitoutonyourmobiledevicerightnowgenworthmobile.caWHATSONLINECHECKOUTGENWORTH.CAHOMEOWNERSHIPWITHINREACHCheckoutGenworthCanadasnewproductvideoseriesandseehowourmortgageinsuranceproductscanhelpyoupurchasethatfrsthomeevensoonerthanyouthoughtpossible.homeownership.caproductsOWNSWEETHOMETHESERIESFollowAdamandSarahayoungTorontocoupleintentonbuyingtheirfrsthome.Thisfve-episodeonlinevideoseriesexplorestheemotionbehindthecouplespursuitofndingandpurchasingtheirperecthouseintheirpreerredneighbourhoodandwithintheirsetbudget.Tuneinollowalongandbeinspiredtobuyyourfrsthomehomeownership.caownsweethome 2OGENWORTHCANADAFALL2O14TOOLBOXCHECKOUTGENWORTH.CAYouboughtyourfrsthomeexactlywhereyouwanttolivebutitsafxer-upper.Nowatightbudgetdictateswhichrenovationprojectsgetdonefrst.Weaskedproootballplayer-turned-contractorSebastianClovishostoHGTVsRenoRookiesoradviceonmakingsmartdecisionsaboutwhattotackleandwhen.1.FigureoutyourwantsandneedsThebig-boxstoresarechockullounstuthatrequirecolossalwillpoweroranyhomeownertorestrainrombuying.Thelastthingyouwanttodoisworkagainstyourselbypurchasingitemsandmaterialsbeoreyouvefguredoutwhereyouneedtostart.Furthermoreyoucantpossiblyknowwheretostartiyouhaventtakenathoroughtouroyourhometounderstandwhatitemsneedfxingaswellaswhatthingsyoudliketochange.2.SplityourlistintobucketsOnceyouvegotalistoallthethingsthatyouneedandwanttodosplitthemintothreebuckets.A.Thingsthatareimportantorthehealthothehouse.YourhomeinspectionreportcanhelpwiththistheresnopointpaintingawallthathasaleakbehinditB.Jobsthatarelowcost.C.High-stakesjobslikeredoingyourkitchenorbathroom.3.PrioritizeitemsthatpreventurtherdamageBucketAInmyopinionthejobsthataregoingtokeepyourfxer-upperhomeromdeterioratinganyurtherarethemostimportant.Theycanbeexpensivethingslikereplacingshinglesonarooormoresimplejobsliketighteningupplumbingunderavanityorapplyingsiliconeintheshower.Thesefxesthatpreventyourhomeromadownwardspiralarebyarthemostimportantandshouldbeaddressedfrst.4.Workonlow-costhigh-impactjobsBucketBAteryouvesavedyourhomeromthedreadeddownwardspiralIsuggeststartingonsomeothelower-costfxeslikepaintingchanginglightfxturesanddoingsmalllandscapingprojects.Notonlywillthesesmallchangesgoalongwaytowardmakingyourhouseeellikeyourhomebuttheyllalsogiveyouthetimetoreallyeeloutyourhomefgureoutthedesignaestheticyouwantgetquotesandmostimportantsaveorthebigjobs.5.SaveorthebigjobsandfndagreatcontractorBucketCNowthatyouvebeeninyourhomeorawhileyouvehopeullysavedyourpenniestakenthetimetosourceoutgoodcontractorsandgatheredquotesorsomeothebigrenosyouvebeenwantingtotacklelikethekitchenremodelorthatSuperBowl-worthymediaroom.RENOINORDERNewHGTVstarSebastianClovisonprioritizingyourhomerenovationprojects. COMMUNITYCHECKOUTGENWORTH.CAWeallworksohardtomakeourselvesahomeromfndingandpurchasingittomaintainingandenhancingit.Thatswhywemusttaketimetoreectonwhattheinvestmentoalietimetrulymeans.InthatlightwereincrediblyproudtoannouncethatthispastyearsMeaningofHomecontestwhichinvitesstudentstoshareinwritingtheirowndefnitionohomegarnered7000entriesromstudentsacrossthecountrySinceitbeganin2006thecontesthasledtomorethan700000inGenworthCanadagrantstoHabitatorHumanityCanadaafliatesnationwide.InadditiontothewinninggrantsGenworthCanadadonatesanadditional5perentrysoeveryparticipatingstudentcanmakeadierenceandhelpbuildahomeoradeservingamily.Wecaughtupwith2013winnerArvinBalaGrade6studentromOakvilleOntariotosharehiseelingsonwellsharinghiseelingsInspirationCOMESHOMEGENWORTHCANADAWhatinspiredyoutoshareyoureelingsonthemeaningohomeARVINIwasinspiredbymyownpersonalexperiencesoseeingpeoplewithouthomes.ForexamplethehomelesspeopleIsawonaamilytriptoNewYork.GENWORTHYouexpressedyourloveohomesoverywell.HowlongdidyouworkonyourwinningessayARVINIttookmeaewweekstowritemypoem.FirstIthoughtaboutthepeoplewithhomesandcomparedtheireelingstothepeoplewithouthomes.ThenIwrotesomeversesandchangedtheorderaroundtomakeitsoundbetter.GENWORTHHowdidyoueelwhenyouheardyouhadwonARVINIwasverysurprisedandeltveryexcitedbecauseIwasntexpectingtowinGENWORTHIyoucouldhaveonewishoramilieseverywherewhatwoulditbeARVINMywishwouldbeoreveryonetohaveahometolivein.GENWORTHCANADAFALL2O1421www.meaningofhome.caSpreadthewordandencouragegrade45and6studentsyouknowtoparticipate. 22GENWORTHCANADAFALL2O14LEARNINGCHECKOUTGENWORTH.CAIhavebeenahomeownerorover20yearsnoregrets.Itsagreatwaytoparkyourmoney.Idsuggestpurchasingasmallhomewithamanageable-upkeepyardandgettingagoodhomeinspectionfrst.KimI.MywieandIhaveone-year-oldtwinsandwereactiveparents.Acondowouldneedtobelargeenoughtoaccommodateastrollerwagonandbikehitch.Atthisstageinourlivesahouseseemstobeabetteroptionorus.MarcR.FIRST-TIMERTIPSTornbetweenpurchasingahouseorcondoWecrowdsourcedtheGenworthCanadasocialmediacommunityforthebesttipsfrombeen-therelearned-from-thathomeownersacrossCanada.FollowusonFacebookatGenworthsmartshopper.caTHEBUZZCHECKOUTGENWORTH.CAAsasinglewomanIoptedortheconvenienceandsecurityocondoliving.IlovedthatIcouldsitonmybalconyandhaveaglassowineandnothavetoworryaboutcuttingthegrassweedingandowerbeds.Ieltsecurecominghomeeachdayknowingthe24-hourconciergewaslookingoutorme.Ialsolovedtheextensiveamenitiespoolsquashcourtsgym.Condoliealsomadelivingrightdowntownpossibleandaordable.TracyM.Mycondoispartoanaward-winningurban-housingprojectaimedatgettingpeopleintothemarketearlier.Ourbuildingseemstohaveattractedlike-mindedpeoplewithastrongsenseosocialresponsibilityandcommunity.Alltheenergyinourbuildingiscleanandcheaptherearebikeseverywhereandwehaveanautosharerightinthebuilding.IloveithereKarenE.Weboughtahousebecausewewereconcernedabouttheunpredictabilityocondoees.Wewereconfdentthatwecouldmanagethecostsoamortgageandourhouseiswellbuiltandnottoooldsotherehaventbeenanybigsurprisesintermsocosts.KariB. GenworthCanadawantstoreducethestressofmovingonyouandtheEarth.ThatswhywevepartneredwithFROGBOXtomakeyourmoveeasy.OrderonlineatFROGBOX.comGenworthGenworthCustomersGet15OffGenworthCustomersGet15OffYoullneedboxesMovingorcallusat1-877-FROGBOX1-877-376-4269