The first and only complete guide to pre-construction homes and condos
PROPERTY PROFILE
28 Citizen Urban energy meets human comfort FEATURE
18 Industry News UDI’s 2023 housing industry forecast BY SUSAN M. BOYCE ADVICE
20 Mortgage Minute Life after a separation or divorce: What are your mortgage options? BY ALISA ARAGON-LLOYD
30 Industry Expert Demystifying strata and non-strata homes BY BRITTANY REIMER
NEIGHBOURHOOD PROFILE
16 West-end Vancouver
One of the city’s shining stars
12 Vancouver, Downtown Vancouver
22 Surrey, Langley, Abbotsford & Mission
24 Coquitlam, Port Coquitlam, Pitt Meadows, Maple Ridge & Port Moody
27 Burnaby, New Westminster
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EDITOR
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Susan M Boyce, Michelle Hopkins
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Dave Bird
604.319.7102
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WHERE AND HOW DO YOU WANT TO LIVE ?
MARLENE EISNER
EDITOR
New Home + Condo Guide
EMAIL: marlene.eisner@nexthome.ca
TWITTER: @MarleneEisner
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You might spend a lot of time imagining the kind of home you want: The number of bedrooms and bathrooms and the style – a condo, a townhome or a single-family home. But do you ever think about where you want to live?
The neighbourhood and the surrounding area you choose to live in is as important as the size and style of your future new home. As you do your research and investigate all the fabulous housing developments that are available, check out if its location is a good fit for your lifestyle and needs. It’s so easy to get excited about a new condo or townhome development and put other things on the back burner, like the proximity to greenspace, transit and shopping. The last thing you want is to discover after you move into your lovely home that the ‘hood really doesn’t meet your needs.
While you are doing your research and considering the area in which you want to live, you may also be thinking about a strata home, and how it differs from a non-strata home. On page 30, industry expert Brittany Reimer takes the time to explain the differences between a strata and non-strata home. On page 18, Susan M. Boyce reports back from a recent panellist discussion at the Urban Development Institute on the 2023 housing forecast, and on page 20, our mortgage expert gives sound advice on how to obtain a mortgage after a separation or divorce.
Thank you for picking up this copy of New Home + Condo Guide. Let us know what you think. We’d love to hear from you.
Life at Queenston is about family and those precious, treasured moments as you watch your children grow. You’ve been looking for a place to lay down roots, a well-crafted, spacious home you can lovingly furnish and establish as a permanent home for your family. At Queenston, our limited collection of boutique townhome is nestled in the evergreen woods of Burke Mountain, a quiet, sought-after neighbourhood featuring the perfect mix of urban life and natural beauty.
#InsideVan
by MICHELLE HOPKINS Vancouver
REACHING STEP 5: Foxridge Homes, a multi-family developer, is building its first net-zero home in an effort to test its conventional building practices. According to Nicholas Bell, the director of operations at Foxridge Homes, the company wanted to see if it could achieve the highest tier of the BC Energy Step Code (Step 5), while also achieving the standards set out by the CHBA net-zero labelling program. This kind of home is designed and built to produce as much clean energy as it consumes annually, using on-site renewable energy systems. There are two levels of the CHBA net-zero labelling program; net zero and net-zero ready. The difference between the two is that a net-zero home has an on-site renewable system already installed.
DID YOU KNOW?
According to a March 15 generational trends report released by Mustel Group and Sotheby’s International Realty Canada, 60 per cent of respondents think their property will match or exceed other financial investments in the next 10 years.
Parkside living
IMANI Development recently launched Savannah, a collection of 36 Georgian-inspired parkside three-bedroom townhomes, and one- and two-bedroom garden flats in Vancouver’s westside. Nestled directly across from Winona Park, the homes are a five-minute walk
to Marine Gateway Plaza and the Canada Line. “We love the location of this development, true parkside living, quiet tree-lined street and only one block off Cambie,” says David Zigelman, principal at Framework Real Estate Group. Register at liveatsavannah.ca.
Final phase now selling
After selling out Phase 1, Sightline Properties is releasing Dhalia, the final phase of its QE Collection — Just West, Seasons and Dahlia — a trio of Vancouver west side townhome communities. Dhalia offers 46, three- and four-bedroom luxury townhomes in the Cambie corridor. It will also be home to a spacious
outdoor amenity space with a variety of features including an open-air kitchen and dining table, and a kids’ play area on the northeast corner of the site. Located by Queen Elizabeth Park, Dhalia is within minutes of some of the city’s best shopping and dining districts, such as Main St., Cambie Village and Oakridge.
Free webinar on missing-middle housing
The Canadian Home Builders’ Association of BC (CHBA BC) on April 11 is hosting a Zoom presentation from 10 to 11 a.m. called ReHousing Neighbourhoods - Missing Middle Housing. The free webinar will discuss the ReHousing research project that explores how to convert single-family homes into multi-unit housing and support zoning reform to allow multiplexes across Toronto’s residential neighbourhoods. One of the guest speakers, Michael Piper, assistant professor at University of Toronto, said: “Our housing catalogue has over 50 plans for 13 of the most common house types in Toronto. We are currently applying this research through collaborations with nonprofit housing creators, development advisors and the City of Toronto’s planning group: Expanding Housing Options in Neighbourhoods (EHON).” The project’s jurisdictional scan includes Vancouver and Victoria’s missing-middle initiatives. For more information, visit chbabc.org.
Seasons
Michael Piper
VANCOUVER – DOWNTOWN VANCOUVER
1. CLARIDGE HOUSE 498 West 41st Avenue
604-941-8305 polyhomes.com
2. GRYPHON HOUSE
6191 West Boulevard 604.620.8295 gryphonhousevancouver.com
3. WEST WIND 2620 Acadia Road 604-260-8446
5. AMBER
604-871-8600 aragon.ca/amber
6. THESIS W 49 Ave & Cambie St liveatthesis.com
7. SHIFT 35th Ave & Quebec St. aragon.ca/shift
8. THE CONSERVATORY
10. GRACE Ash & W30th gracewestside.com
11. FORM 1558 West 6th Ave formbyanthem.com
12 PARK 1698 West Georgia Street anthemproperties.com
13. GRYPHON NOVA Oak & 67th
5656 BALACLAVA
ELEGANCE WITHOUT PRETENSE
It’s where Kerrisdale, Southlands, and Dunbar connect: A much-loved neighbourhood where people are friendly, cherry blossoms decorate the spring streetscapes, and a villagestyle vibe permeates life.
Introducing 5656 Balaclava, a fivestorey collection of 79 sophisticated, concrete condominium residences that create a perfect complement to the mature, leafy green setting. A combination of white and grey exterior, and dramatically cascading terracotta detailing give an iconic look that’s unique in the area—one that honours the past yet is distinctly 21st century.
And here’s a bonus seldom found in condominium living. Most homes include a full-sized laundry room with recycling centre enclosed in custom millwork to match cabinetry used throughout the rest of the home. COVER STORY
A CELEBRATION OF GOOD TASTE
Whether you choose a one-bedroom, two-bedroom, or family-friendly three-bedroom, these spacious homes are curated to satisfy the most discerning homebuyer.
Kitchens, always the heart of a home, feature imported Italian cabinetry by Cellini paired with the sleek, contemporary look of quartz counters and full-slab porcelain backsplashes. The full suite of premium Miele appliances, including a convection oven, five-burner gas cooktop, and under-counter wine fridge that are part of every home, is sure to bring out your inner chef.
Soothing and serene, bathrooms incorporate a plethora of thoughtful details: Elegant soaker tubs, handtiled, zero-threshold showers with linear drains and frameless glass doors, plus oversized porcelain tile flooring all tied together with Italian vanity cabinetry. It all adds up to a tranquil, resort-inspired ambience where the cares of the world simply melt away.
No more cramming your washer/ dryer into a closet. At 5656 Balaclava, you’ve got the space you deserve.
GET SOCIAL
In keeping with Kerrisdale’s outgoing, social character, 5656 Balaclava includes an expansive rooftop terrace and gathering space, the perfect place to catch up with friends and neighbours while enjoying unobstructed views over the lush green surroundings and a backdrop of the Gulf Islands. Green thumbs and their guests are sure to enjoy the community garden spaces for
bringing fresh produce and herbs directly from ground to dining table. For active living, there’s a fitness centre with dedicated yoga space, a sauna for unwinding after a workout, as well as a well-appointed bike repair room to keep your favourite two-wheeler in top shape. And for your four-footed family members who love getting out in any weather, there’s an indoor dog wash station so mud and muck get left behind.
RARE OPPORTUNITY
Need one more incentive? Be sure to ask how you can earn seven per
LOCATION
Vancouver
DEVELOPER
Hon Developments
HOME TYPE
Lowrise
SALES CENTRE 3130 Arbutus Street
CONTACT 5656balaclava.ca or 604.566.6606
The 5656 Balaclava presentation centre and furnished, two-bedroom display home at 3130 Arbutus Street in Vancouver are open noon to 5 p.m. daily except Fridays. Parking available on West 15th Avenue. Visit 5656balaclava.ca or call 604.566.6606 for more information. +
cent interest on your deposit until completion—that’s the equivalent of $57/day. But hurry, because this special offer is only available on the next three homes sold, so every day you delay means you’re losing out.
WEST END VANCOUVER
ONE OF THE CITY’S SHINING STARS
The west end of Vancouver lies downtown, bounded by Stanley Park in the west, West Georgia Street to the north, Burrard Street to the east and Pacific Avenue to the south.
It is a luminous and richly diverse kaleidoscope of hangouts for the urbanite, the socialite and the sport enthusiast. Although glass skyscrapers abound, there are tree-lined streets and lanes and garden oasis cared for by volunteer “green thumbs.” If you like walking, cycling or jogging, it’s a Mecca. For architecture lovers, there’s
by MICHELLE HOPKINS
a whole block of heritage homes dubbed Mole Hill, or art junkies will go for the funky, sometimes quirky, public art installations.
VIBE
Along with its eccentricities, the west end is the second oldest and most diverse neighbourhood in the city. It’s really one of the city’s shining stars! At one time, the west end was dominated by white wealthy elite! Today, Davie Street is famous for its gay nightclubs and the city’s best queer bars; Robson
Street has its luxurious and expensive shops and restaurants, and Denman Street its intimate and great ethnic eateries. In addition, there’s so much greenspace, it’s attracted young urban families, too. This effervescent mix is why so many people want to live here and visit.
IN THE AREA
The west end has two schools, Lord Roberts Elementary and King George Secondary, the historic St. Paul’s Hospital (which has the
distinction of being one of the first hospitals in the country to treat HIV/ AIDS patients and is a world leader in clinical research), libraries and a community centre.
DOLLARS & SENSE
Increased density and the appeal of living downtown have boosted the prices of real estate substantially over the last decade. Getting into this neighbourhood is not cheap; a condo/ apartment will cost you, on average, more than half a million and up. There aren’t many single-family homes here, and the relatively few are, by and large, heritage homes are in the multi-million dollar range.
THE GOOD, THE BAD AND THE REST
There’s not a lot of bad things to say about the west end, except
if you drive … it’s a nightmare.
Surrounded by world-class parks and beaches, bustling with shops and eateries, minutes away from the downtown core, Coal Harbour and more, can anyone come up with another negative comment? It is is home to the raucously fun Gay Pride Parade, the Honda Celebration of Light International Fireworks competition and the Polar Bear Swim!
PLANES, TRAINS & AUTOMOBILES
This is one of the most walkable communities, yet it is within easy access to the Canada Line and transit. Many residents have tossed their car keys to opt for Car2Go … when and if they ever leave this little slice of heaven.
HOT SPOTS
STANLEY PARK
Voted Best Park in the World 2014 by TripAdvisor, this beloved urban park is a 400-hectare rainforest almost completely surrounded by water. Walk, hike, cycle, eat, drink, lounge on the beach or visit the First Nations totem poles … I could go on and on!
WATER TAXI
There’s no better way to see the west end than by water. Hop on the colourful little ferry taxi and explore the area. A suggestion is to purchase a Hop On, Hop-Off day pass and really take in the spectacular scenery.
THE SYLVIA HOTEL
Built in 1913, this grand dame is a landmark heritage building standing proudly on English Bay. Covered in vines with an iconic neon sign, it boasts a fabulous cocktail lounge with live music thanks to talented local artists.
UDI’S 2023 HOUSING INDUSTRY FORECAST
PANELLISTS SHARE THEIR OUTLOOK
by SUSAN M BOYCE
The Urban Development Institute’s (UDI) January 2023 forecast, held on Jan. 26, brought together four respected industry leaders who shared their projections covering all sectors of the housing industry for the year ahead.
Panellists were Tim Grant, president of PCI Development; Beth Berry, vice-president of industrial development at Beedie: Rick Ilich, CEO of Townline; and Jennifer Podmore Russell, vice-president advisory at rennie. Avtar Bains, president of Premise Properties, and Anne McMullin, UDI’s CEO and president, shared moderating duties.
INFLATION AND INTEREST
Inflation will remain the most important metric for predicting
rate trends according to Tim Grant. While he anticipates a return to more normalized rates, he cautioned there are still forces at play that may make inflation more difficult to keep under control, including the move away from globalization toward domestic production.
However, Jennifer Podmore Russell said it’s employment that’s “the big thing we need to focus on in this region.” Her research, current as of that morning, indicated there are some 135,000 unfilled jobs in BC and only 122,000 people qualified to fill them. And with immigration—both international and from other parts of Canada—remaining net positive, the question remains how the construction industry can provide sufficient housing.
Skilled trades and medical/health were the two runaway sectors the audience said the federal government should emphasize when considering applications for immigration. In a live poll, each garnered just under 50 per cent, leaving engineering, software and technology, academia, and early education/childcare providers in the dust.
THE COST OF BUILDING
Although Anne McMullin noted she’s heard anecdotal evidence that construction prices may be softening, Tim Grant felt many projects remain unviable because labour constraints and supply chain challenges probably won’t be going away any time soon.
…continued on page 26
Left to right: Moderators Avtar Bains and McMullin. Panellists Tim Grant, Jennifer Podmore Russell, Rick Ilich and Beth Berry.
LIFE AFTER SEPARATION OR DIVORCE
WHAT ARE YOUR MORTGAGE OPTIONS ?
With well over 40 per cent of marriages ending in divorce, marriage break-ups affect a wide range of Canadians. For those dealing with the breakdown of their marriage, financial issues can be just as trying as the emotional ones. During a
separation or divorce, decisions on housing can loom large: A parent might want to keep living in the same neighbourhood to minimize disruption to the children, or former partners may wish to have two residences close together so that kids can attend one school and sleep over at different homes.
With more than 70,000 divorces in Canada every year, there is a large and growing number of Canadians looking for advice on how to pick up the financial pieces and set out
on their own. One of the more important financial issues is the need to maintain a healthy credit rating to help create financial independence and, among other things, provide a solid foundation to approach homeownership solo.
The following are some general tips on how to approach home ownership following a separation or divorce: • Know what it takes to qualify for a mortgage. Whether you are planning to buy out your spouse’s equity or search for a new home,
“
” One of the more important financial issues is the need to maintain a healthy credit rating to help create financial independence …
after any property settlement, if you are divorced or separated, you must qualify for a new or refinanced mortgage with your own income. Most lenders will require a separation agreement before proceeding with a mortgage. Also, alimony and child support payments will have an impact on your mortgage qualification, so consult a mortgage expert to determine your specific situation.
• Keep an eye on your credit rating. After a separation or divorce, it is important for you to establish credit independently of your spouse, especially if you lack a credit history. A mortgage broker can advise you on how to improve your credit score before applying for a mortgage. Debt taken out in both you and your former spouse’s names is considered to be both of your responsibility. If joint debt is not handled in a timely manner during the divorce or separation period, this will impact the credit rating of both you and your spouse.
• Get a mortgage pre-approval. If you are purchasing a home after a separation or divorce, a mortgage pre-approval is vital, as it will clearly indicate how much of a home you can afford.
• Look for smart ways to manage extra expenses and personal debt. A separation or divorce can mean numerous added expenses. Getting a new mortgage can be an opportunity to access equity in your home or consolidate high-interest credit card debt. Some borrowers opt for lower
monthly payments, which can create a larger monthly cash flow.
MAKING A FRESH START
If you find yourself having to make a fresh start because of a separation or divorce, you can be faced with many uncertainties and decisions. This is where an experienced mortgage expert can help you take advantage of home-financing opportunities. You can gain valuable insight and information on maintaining or repairing your credit rating, plus a mortgage expert will give you access to a diverse range of borrowing options to help you get back on your feet.
Alisa Aragon-Lloyd has been a mortgage expert for more than 11 years. She has her own company, Bridgestone Financing Pros, powered by DLC Origin Mortgages and is on the board of directors for the Homebuilder Association of Vancouver (HAVAN) and an award-winning member.
HOT PROPERTIES
SURREY – LANGLEY – ABBOTSFORD –
MISSION
SURREY
1. PIANO 105A & City Parkway concordpiano.ca
2. PARK GEORGE 9908 King George Blvd 604-583-9866 parkgeorge.com
3. DISTRICT NW University Drive & 105 Avenue thind.ca
4. CENTURY CITY HOLLAND PARK 13583 98 Avenue centurycitysurrey.com
5. PURA 105 Ave & 132 St mypuracondo.com
6. AMAYA LIVING 106 Ave & 140 St amayaliving.ca
7. SEQUOIA 133 Street & 104 Avenue Sequoiawestvillage.ca
LANGLEY
8. ALDERGROVE TOWN CENTRE 3100 272 Street atcliving.com
9. HAYER TOWN CENTRE 76 Avenue & 200 Street 604-800-9662 hayerbuildersgroup.com
10. THE HIVE AT WILLOUGHBY 206222 80 Avenue 778-686-8572 thehivewtc.com
11. WESTBROOKE AT WILLOUGHBY 604-385-3540 foxridgehomesbc.com
12. HEATH 80 Ave & 206 St heathliving.com
ABBOTSFORD
13. THE RAIL DISTRICT 2774 Montrose Avenue 604-850-0040 raildistrict.ca
1. WEST 505 Nelson Street westbybeedie.com
2. SYDNEY
545 Sydney Ave. 778-948-0333 sydneybyledmac.com
3. VUE Foster Ave & Whiting Way vueliving.ca
4. SOPHORA AT THE PARK #101 - 1135 Pipeline Road 604-942-8416 polyhomes.com
13. THE NORTH AT PORT HANEY 604-477-1500 thenorthliving.com
Life in Balance
Introducing The North, a limited release of 67 exclusive residences defined by bold architecture, spacious interiors and the convenience of central Port Haney living. Life at The North means mountain views, river walks, retail amenities and transit access, all steps from home.
Priced for first-time buyers, the North combines thoughtful, pragmatic design with residences on the cusp of nature.
The North. Delivering Life in Balance to Maple Ridge
…continued from page 18
Beth Berry reported that Beedie’s construction costs have gone up 20 to 30 per cent since 2021 which, combined with rising interest rates, has created an almost 300 per cent increase on the company’s pro formas. Despite cancellations and delays, Rick Ilich predicted the industry will see a noticeable pullback on construction costs by the fourth quarter of 2023, possibly earlier.
WHERE WILL PEOPLE LIVE?
“We’ve established priorities for immigration of 500,000 permanent residents per year, and we know we’re growing by 1.25 million people in terms of visa issuances,” Jennifer Podmore Russell noted, adding that of the more than 400,000 international student visas issued in Canada last year, 100,000 were for BC. While those numbers are necessary to keep Canada vital and vibrant, questions such as how to provide adequate housing, including establishing workforce housing in urban centres, were asked.
“The predicament we’re in with housing has been 30 years in the making. You didn’t need to be a rocket scientist to see it coming,” said Rick Ilich.
FIRST NATIONS COLLABORATION OPPORTUNITIES
Jennifer Podmore Russell sees collaboration between the development community and First Nations who are “willing and able to take control of the permitting processing” as a triple win. In 2022, such collaborations resulted in 9,800 rental homes starts, a 48 per cent increase over the previous year and the largest number of rental starts since the 1970s. She’s also a fan of the way such collaborations result in communities designed with a different, more holistic mindset that creates flourishing, vibrant neighbourhoods.
THE NEW OFFICE CULTURE
And finally, what of office space? The live audience poll indicated more than 80 per cent anticipated they would increase the number of
employees this year, however 37 per cent saud they would decrease their office space compared to the 44 per cent who expected their stick’n’bricks office footprint could rise.
Beth Berry said Beedie has always made the in-person office culture a priority—even during the pandemic. Her company invested heavily to create spaces that encourage people connect as friends in addition to colleagues.
Tim Grant agreed. “You don’t have to go into the office anymore to perform similar functions, but we believe there is a place for the office in good corporate cultures. People are relationship-driven and working exclusively over Zoom isn’t the same. In the future, we believe the world will demand a new flexibility. It might look and feel different, but the office has to be a place people want to come to, a place you’re proud to have clients come to.”
Visit udi.ca.ca for more information about UDI’s many programs and outreaches.
1. OASIS AT CONCORD BRENTWOOD 4863 Dawson Street concordoasis.com
2. JUNEAU 604-299-9191 juneaubyamacon.com
3. CEDAR CREEK 7166 14th Street 604-529-8868 liveatcedarcreek.com
19. MOODY ON THE HILL 228 6th Street moodyonthehill.com 778-895-5533
20. THE KEARY 230 Keary Street thekearybywesgroup.ca
CITIZEN
URBAN ENERGY MEETS HUMAN COMFORT
It’s the newest addition to Anthem’s award-winning Metrotown Collection, an iconic tower that blends the lively vibe of a cosmopolitan city with the Zen-like tranquility of a personal sanctuary, a place to step back and relax into your own slice of paradise.
Introducing Citizen, a 66-storey mixed-use tower that will be the tallest in Burnaby. Following the success and accolades of Station Square, The Standard, and NUVO, this distinctive residence is poised to become a true vertical community and a beacon of Metrotown.
Here you’ll discover street-level restaurants and cafés, outdoor
gathering places filled with natural greenery and comfortable seating, as well as two large public art installations, including one by award-winning, experiential artist, Soo Sunny Park. Plus, there’s easy access to the shopping Mecca of the Metropolis Shopping Centre, Central Park, and SkyTrain.
A HOME ABOVE IT ALL
Designed by Ste Marie Design, Citizen’s 364 SkyHome residences begin on the 32nd floor, meaning every home will have panoramic views typically found only in the penthouse suites of nearby towers. Floorplans range from studio to
three-bedroom, each bringing the luxurious esthetic today’s most discerning homeowners insist on: wide-plank laminate flooring, nine-ft. ceilings, central air cooling/heating, a convenient tech niche, and a topof-the-line Bosch integrated kitchen appliance package. Some homes also include a convenient kitchen island with integrated dining table.
And if you love outdoor entertaining, every home includes a private balcony, some as large as 454 sq. ft. Plus, there’s a limited collection of three-bedroom townhomes. So, whichever you choose, it all adds up to an enviable lifestyle.
AMENITIES FOR SOCIAL HEALTH AND WELLNESS
Citizen’s amenities—more than 20,000 sq. ft. in total—are extensive and luxurious. Inspired by the exclusive clubhouses of old Manhattan, the entire top floor, aptly named Sky Lounge, is dedicated to social engagement. Here you’ll find indoor lounges, a private formal dining hall, a fully equipped catering kitchen, even a stargazing area, because with views like these, you’re going to discover new ways of enjoying the horizons.
On levels 32 and 33, fitness and convenience take centre stage. Amenities include a well-appointed fitness centre, dedicated yoga/dance studio, infra-red sauna, indoor and outdoor lounges, family playroom, and co-working spaces for when you feel like getting out of the home office.
There is also a concierge service, a dog wash on the lower level, and a bike repair room to keep your favourite two-wheelers well-tuned because, after all, bike routes and walking trails in every direction are just steps from your front door.
DON’T MISS OUT
Citizen will be located at 4663 Kingsway in the heart of Metrotown. In addition to the market condominium homes and townhouses, Citizen will provide a collection of rental homes, 4,800 sq. ft. of double-height retail, and 150,000 sq. ft. of AAA office space.
To join the evolution of this beloved neighbourhood, visit citizenbyanthem.com or call 604.449.2198 and register today.
DEMYSTIFYING
STRATA AND NON-STRATA HOMES
BRITTANY REIMER
If you’re considering buying a property, it’s important to understand the different types of ownership. Two common types are strata and non-strata homes. In this article, I’ll explore the differences between the two and what you need to know if you’re considering buying a stratatitled property.
STRATA HOMES
A strata home is a property whereby the owner holds title to a portion of a larger property, typically a multi-unit building or a townhouse complex, and shares ownership of common areas and facilities with the other owners. As a strata owner, you’ll also pay monthly fees for the maintenance and upkeep of these shared spaces.
The strata corporation is the governing body of a shared building, living space, or community. The strata council is responsible for the strata corporation and how the strata is managed. They oversee the building,
“ ” Whether you’re considering a strata or non-strata home, it’s essential to do your research and ask the right questions before making a purchase.
its management, and all associated aspects such as maintenance and upkeep of amenities. The council is made up of owners who are elected by their fellow owners.
Strata fees are monthly payments made to the strata corporation to cover the common expenses of the development or building, including building insurance, management fees, landscaping, waste collection, utilities and administrative costs, as well as irregular expenses such as lobby upgrades, a new roof, and sidewalk fixes. The specific amount each owner pays is determined by dividing the strata corporation’s total expenses by the unit entitlement based on the livable size of the lot.
QUESTIONS TO ASK WHEN PURCHASING A STRATA HOME
For new communities, developers create an estimated overall budget
to know what homeowners’ anticipated monthly fees will be. If you’re looking for a second opinion on the overall budget, check with an experienced realtor, lawyer, accountant, or property manager. When you’re purchasing a resale home, you should confirm if your fees include utilities such as hot water, heat and gas. Also, how much money is being contributed to the reserve fund each year and is it enough to cover unanticipated expenses? When is the building warranty expiring? Have any major repairs such as a new roof been recently made or are planned? Check the minutes of the strata council meetings to ensure you have a clear understanding of what’s been completed, where money is being allocated and spent and whether the council is proactive or tends to do the bare minimum, which could lead to greater issues.
NON-STRATA HOMES
In contrast, a non-strata home refers to a property where the owner holds full title to the land and any structures on it, without any shared ownership or maintenance obligations. Essentially, owning a non-strata property means having sole ownership and control over the entire property.
Non-strata homes typically don’t have monthly fees, and the owner is responsible for all maintenance and upkeep of the property. While this type of ownership offers more control, it also means taking on more responsibility and costs.
FINAL THOUGHTS
Whether you’re considering a strata or non-strata home, it’s essential to do your research and ask the right questions before making a purchase. With a strata-titled property, make sure to review the minutes of strata council meetings to understand how the strata is managed and where your fees are going. For non-strata homes, it’s important to budget for all maintenance and upkeep costs. By understanding the differences between strata and non-strata homes, you’ll be better equipped to make an informed decision when buying a property.
Brittany Reimer is managing director of MLA Canada’s Fraser Valley branch. Brittany uses her experience, relationships and passion for the real estate marketing industry to help push MLA into a new frontier.
NEW
These listings are meant to offer a comprehensive overview of new home and condo developments currently being marketed throughout Metro Vancouver and the Fraser Valley.
ABBOTSFORD
Court MR
604-621-5888 Now Selling
Downtown Gate TH 604-357-1943 Coming Soon
Falcon Ridge SF 604-309-0540 From $789,000
High Street Village LR/TH highstreetvillage.ca Coming Soon
JEM LR jemliving.ca Coming Soon
McKenzie Mews TH mckenzie-mews.com Coming Soon
Montvue LR montvueliving.ca Coming Soon
Onyx at Mahogany LR 778-255-7099 Now Selling
The Peak at Mountainview TH mymountainview.ca Call
The Rail District TH raildistrict.ca Register Now
BURNABY
O2 Metrotown HR o2metrotown.com Now Selling
Azure at Southgate HR azureatsouthgate.com Now Selling
Times Square Richmond HR timessquarerichmond.ca Now Selling
Torino HR 604-303-0148 Call
Trillion DP 604-242-1193 Call
Viewstar HR 604-630-6668 Call
Williams Living TH 604-831-9966 Coming Soon
SQUAMISH/WHISTLER
Aegean Homes LR 778-558-5113 Call
Britannia Beach… ...TH… britanniabeachliving.com… Coming Soon
Highline TH/DP 604-757-5550 Coming Soon
Redbridge MR/TH redbridgesquamish.com Coming Soon
Sea and Sky TH 604-559-7918 Call
The Lofts LR 604-815-1737 Call
SURREY
Amaya LR/TH amayaliving.ca
Call
Bell Green Park TH 604-592-4151 Coming Soon
Central HR 604-498-3887 Call
Century City Holland Park HR centurycitysurrey.com Call
Central Living LR 778-883-7366 Call
District NW HR thind.ca/districtnw Coming Soon
Elwynn Green TH 778-889-7496 Coming Soon
The Park Landmark TH 604-786-0006 Coming Soon
Hepburn TH hepburntownhomes.com Register Now
Insignia LR experienceinsignia.com Coming Soon
Nova TH mortisegroup.com Call
Nora TH 604-603-6313 Call
One Central HR onecentral.ca Call
Onyx & Ivory TH www.onyxivory.ca Coming Soon
Park George HR 604-583-9866 Call
Piano HR concordpiano.ca Coming Soon
Sequoia LR sequoiawestvillage.ca Coming Soon
Silva HR silvasurrey.com Coming Soon
Unison LR 604-498-2505 Coming Soon
Woodward TH 604-831-0307 Call
VANCOUVER & AREA
DOWNTOWN
1335 Howe HR 604-689-8535 Call
Bailey LR liveatbailey.ca Register Now
Burrard Place two HR burrardplace.ca Call
Curv HR thecurv.ca Coming Soon
Eventide LR eventidethree.com Coming Soon
Landmark on Robson HR 604-566-2288 Call
Mirabel HR 604-681-8110 Call
The Pacific HR grosvenorpacific.com Call
The Thurlow HR downtownabovebeach.com Coming Soon
Thesis LR liveatthesis.com Register Now
Vancouver House HR 604-893-8958 Call
EAST SIDE
2250 Garden Drive LR 2250gardendrive.com. Coming Soon
Ace one the Drive LR togetheronthedrive.ca. Coming Soon
Assembly LR assemblystrathcona.com Coming Soon
Brock House TH/SF 778-388-8682 Call
Clive at Collingwood LR cliveliving.com Coming Soon
Focal LR 604-563-6777 Coming Soon
Frame HR liveatframe.com Coming Soon
Francis TH 604-330-8848 Call
Graphia LR grafia.porte.ca Coming Soon
Linx LR 604-394-2602 Coming Soon
Paragon LR 604-688-5566 Coming Soon
River District Ardea HR wesgroup.ca/ardea Coming Soon
The Saint George TH the saintgeorge.ca Now Selling Shift LR aragon.ca/shift By Appointment
Templeton TH templetonliving.ca Now Selling
Triumph TH 604-563-6200 Call
The Windsor HR thewindsorliving.com Now Selling V on E49 LR 778-751-8930. Coming Soon
WEST SIDE
2030 Barclay HR 604-534-2020 Coming Soon
5656 Balaclava LR 5656balaclava.ca Now Selling
99 West MR 604-620-8600 From $528,800
Amber LR/TH 604-871-8600 By Appointment
Arbutus LR 604-307-0607 Call
Autograph LR autographliving.ca Coming Soon
Ava LR 604-736-0050 Coming Soon
Carven LR kerrisdalebykenstone.com Coming Soon
Chelsea by Cressey MR 604-805-1804 Now Selling
Claridge House HR 604-941-8305 Call
CURV HR thecurv.ca Register Now
Dunbar at 39th LR wesgroup.ca/dunbar Call
Eila on W49 TH 604-558-5848 Call
Form HR Anthemproperties.com Coming Soon
Grace TH gracewestside.com Register Now
Gryphon House MR 604-620-8295 Call
Gryphon Nova MR 604-620-8295 Call
Heather and Seventeenth LR Liveheather17.com Call
Heritage on Cypress & Second SF 778-729-0898 Call
Italia HR italiabysolterra.ca Coming Soon
Ivy on the Park HR 604-225-0117 Call
Just West TH 604-734-8883 Call
Kitsilano Block LR kitsilanoblock.com Coming Soon
Legacy on Dunbar LR 604-990-8800 Call
Lilibet LR 604-879-0030 Coming Soon
Oak +52 TH 604-828-7352 Coming Soon
Oku 64 Oak LR okuliving.com Coming Soon
Ortus LR ortusliving.com Coming Soon
NOTE: Pricing is subject to change; please contact the specific development for more up to date
Park HR anthemproperties.com Coming Soon
Park Grand TH 778-999-2552 Coming Soon
Perron GH/TH 604-603-8889 From low $800’s
Pinnacle On the Park at False Creek HR 604-874-8368 Call
Primrose TH PrimroseVancouver.com Coming Soon
Pure LR purewest49.com Call
Rowe TH 604-299-1363 Comimg Soon
Rowen W47 TH rowen47.ca Call
Savannah HT liveatsavannah.ca Coming Soon
Savoy LR savoycambie.com Coming Soon
Sixteen & Burrard TH/DU 778-729-0898 Call
TESORO HR tesorobyconcert.com Now Selling
The Conservatory CH/HR 604-821-8291 Now Selling
The Kirkland LR 604-415-2908 Call
The Regent TH 604-273-1313 Call
Voyce LR voyce.ca Call
West 4th & Trimble SF 778-729-0898 Now Selling
W63 Mansion LR 63mansion.com Coming Soon
W68 HR w68.ca Coming Soon
West Boulevard DU 778-729-0898 Call
Westbury in Arbutus Ridge TH 604-620-8295 Call
West Oak LR/TH 778-716-6888 Now Selling
West Wind at Lelem HR 604-260-8446 Register Now
Winston South Oak LR 604-809-6233 Call
Wordsworth HR 604-882-0098 Register Now
Yukon Residences TH 604-558-5850 Call
WEST VANCOUVER
Bellevue by Cressey HR/TH 604-290-2626 From $4.4M
Evelyn TH 604-922-0330 Call
Executive on the Park LR 604-926-2398 Call
Galleries on the Bay LR 604-836-7355 From $490,000
Hawksley LR liveathawksley.com Now Selling
The Sentinel HR 604-926-9260 Call
Wildwood TH liveatwildwood.com Now Selling
WHITE ROCK/SOUTH SURREY
Altus LR 778-294-7794 Call
The Boroughs TH theboroughs.ca Now Selling
Douglas Green TH douglasgreenliving.com Coming Soon
Elisa TH elisaliving.ca Coming Soon
Horizon TH 604-441-8789 Coming Soon
Kendrick SF kendrickbymarathon.com Register Now
King & Crescent LR 604-560-0272 Call
Miramar Village HR 604-542-8882 Call
Monaco HR liveatmonaco.ca Call
The Loop TH gramercy.ca/home/the-loop Coming Soon
The Oak TH 604-360-0789 Call
Soleil HR soleilwhiterock.com Call
Southaven TH 604-377-1078 Call
South Village TH 604-910-9919 Call
OUT OF TOWN PROPERTIES
KELOWNA
Caban .LR/TH cabanbycressey.com Now Selling
ELLA HR 778-215-6788 From $679,900
Waterscapes HR 250-763-8313 Call
LANGFORD
The Scene HR livethescene.ca Register Now
or special promotions.
Live the experience at SÕL, West Coquitlam’s newest collection of ONE-bedroom to THREE-bedroom, elegant, sustainable mass timber homes. Conveniently located at Como Lake Ave and Robinson, SÕL nestles into a peaceful residential pocket, just blocks from all the action in this young, growing city.
Presentation Centre #201 – 552 Clarke Road, Coquitlam, BC Open Daily 12pm – 5pm info@SolExperience.ca | 604.937.9688
ONLYAFEW HOMES REMAIN10%DOWN
Own in Surrey’s vibrant new West Village. These 1 to 2 + den sustainable, mass timber homes feature wellness-centered amenities, and Adera’s proprietary SmartWood® — The New Mass Timber Chic. Downtown, without being right downtown, enjoy all the benefits and convenience of an urban lifestyle. Just steps from the center of it all.
Now
Visit us today before it’s too late: Presentation Centre: #102 – 13734 104th Ave., Surrey, BC Open 12pm – 5pm Daily | 604.681.4800
