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OPPORTUNITIES ABOUND
MARLENE EISNER
EDITOR
New Home + Condo Guide
EMAIL: marlene.eisner@nexthome.ca
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Spring at last, and it couldn’t be more welcome. With this season comes renewal, rebirth — and new opportunities. Although 2025 has so far been a tumultuous year more recently filled with economic and global uncertainties, one thing remains the same — we all need, and want, a home to call our own. And so, despite a tariff war that will hopefully soon be resolved, now is actually one of the best times to consider buying a new home.
If you want to know more, our mortgage expert, Alisa Aragon Lloyd on page eight outlines three main points explaining how the current uncertainties in the real estate industry make for an ideal buyer’s market. Whether you’re looking to purchase your first home or wish to upgrade to a larger one, she says with the right strategy, you can position yourself for long-term success. With a lot of products out there for sale, you’re sure to find something that fits your taste and budget.
This is also the year many homeowners are renewing their mortgages and could be the cause for some worry if you are renewing at a higher interest rate. However, financial expert Jesse Abrams offers up five tips to make your mortgage renewal a positive, stress-free experience. The key, he says, is to start early and shop around. Being proactive can make all the difference in navigating a higher rate environment.
As always, this issue is filled with other interesting and informative articles to help you on your home-finding journey, from new releases and up-coming projects to why singles are still entering the new-home buying market.
TWITTER: @MarleneEisner + Single buyers in today’s market Page 24 + get social Interact with us on social media: nexthome
Let us know what you think. We’d love to hear from you.
HOT PROPERTIES
FIND YOUR NEXT HOME
This page features a few of the latest properties to keep your eye on in the Metro Vancouver area.
PREVIEWS & REGISTRATIONS
ITALIA
Home type: Condominiums, townhomes
Developer: Solterra
On the map: South Granville Web: italiabysolterra.ca
Info: An intimate 11-storey residential community with timeless Italian design, comprised of 47 finely crafted homes with street-front townhomes, influenced by the current and future urban life of South Granville. Every detail, every touchpoint has been thoughtfully hand-picked to maximize beauty and encourage effortless functionality. From the seamless, Italian-crafted millwork to the CRISTINA Rubinetterie kitchen and bath fixtures, Italia reflects the finest of craftsmanship. Register today.
KANAKA SPRINGS
Home type: Single-family homes, townhomes
Developer: Epic Homes
On the map: Maple Ridge Web: kanakasprings.com
Info: The Falls features modern farmhouse inspired two- to four-bedroom townhomes with the perfect blend of contemporary interior finishes and a cohesive farmhouse exterior architectural theme. The “Coho Club” featuring resort-style amenities includes a pool, hot tub, health club, theatre and more.
Crest at Kanata Springs offers the perfect blend of traditional country-style architecture with minimal contemporary design, touching on more comforting, inviting and warm elements. Pragmatic, thoughtfully curated, meticulously designed single-family homes, built for people with modern lifestyles. Haven, the newest 36 homes coming soon to Kanaka Springs. Spacious 3,000-plussq.-ft. homes with three, four, five, or six bedrooms, thoughtfully designed in a Modern Scandinavian-inspired limited Signature Series. Register today.
TEMPLETON
Home type: Townhomes, condominiums
Developer: Dimex Group
On the map: Vancouver Web: templetonliving.ca
Info: An authentic neighbourhood and innovative European design awaits you at Templeton. Built with Passive House technology, these high-performance one- two- and three-bedroom condos and townhomes, will provide unparalleled energy efficiency. Templeton’s selection of home sizes and layouts have been created to reflect your lifestyle. From flex spaces that can be used as a home office, for extra storage, or even a kid’s play space, to the option of being able to live on one, two or three floors, every aspect of Templeton has been designed to match how you want to live. Register today.
THESIS
Home type: Condominiums
Builder: Alabaster Homes
On the map: Vancouver Web: liveatthesis.com
Info: Anchored in rich, warm-toned brick, the exterior of Thesis embodies welcoming
contemporary design. Natural wood soffits and dark steel offer bold textural contrast. Ground-level retailers invite you to discover what’s inside their lofty interiors. From front entries with custom bench seats to kitchens with built-in coffee bars, these are details that make a tangible impact. Amenities include a residents-only co-working space, spacious outdoor lounge with barbecue and room for eating and entertaining, and rooftop lounge with communal kitchen. Register today.
TIMBER HOUSE
Home type: Condominiums
Developer: Aragon
On the map: New Westminster Web: timberhouse.aragon.ca
Info: One- to four bedroom, move-in-ready mass-timber homes. Solid CLT panels made from spruce, pine and fir wood are used to build living spaces with wide open spans and large windows, resulting in brighter, healthier homes. Interiors celebrate the natural beauty of wood alongside intelligent design. Distinctive, exposed CLT panels combine with modern touches such as matte black hardware, premium integrated appliances and quartz countertops. Register today.
ITALIA
TEMPLETON
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
Serene, effortless living. This is the ethos of Kestrel, a thoughtfully designed community for real people. Here you will find homes that are modern, functional and quietly elevated. The architecture blends West Coast character with clean lines and natural materials. Welcoming interiors feature Smartwood, Adera’s proprietary construction system for building safe, strong, sustainable, quiet homes for people to live in. Open layouts and large windows balance stylish, sophisticated design aesthetics and superior acoustics with high-performing, sustainable and innovative Mass Timber construction technologies for unparalleled livability that matches the strength and durability of concrete.
LIVE LIFE YOUR WAY
Ideal for singles, young professionals, investors, families, downsizers and first-time homebuyers, the 118 hybrid
Smartwood homes offer meticulously designed one- to three-bedroom light-filled spaces that feel calm, fresh and connected to nature. QuietHome™ technology significantly reduces unwanted outdoor noise for quiet, serene living. It also prevents neighbours from participating in your life from inside your home. Extend your outdoor time from the privacy of a patio or rooftop deck. And when you’re feeling social but don’t want to travel too far, stay connected with your neighbours in more than 6,500 sq. ft. of amenity space. Work out in the fully equipped fitness centre, network with other work-from-home professionals in the co-working space, or experience the West Coast Club, a multi-use space complete with a kitchen, lounge seating and tables for relaxation or entertaining.
FOOD-LOVER’S DREAM
Whether you love to try out new recipes or you entertain friends every
weekend, the kitchens at Kestrel will not disappoint. Generous in size, most are equipped with full-size appliances, with ample storage space in built-in, full-height pantries or freestanding islands. The finishes are subtle and elegant, and you can choose from Classic Oak or Walnut. Cabinet doors feature slimline Shaker profiles with timeless brushed nickel hardware. Choose quality standard features, or take advantage of the many options available to upgrade and customize your home to your taste.
Kestrel is now selling. Call or come in if you are interested! Garden homes start from $479,900 and cityhomes start from $979,000. Don’t miss out on living in this unique community. For more information about Kestrel and to find out about special incentives, contact our sales team at 604.937.9688, email Kestrel@adera.com or visit kestrelhomes.ca
IT’S A BUYER’S MARKET
UNCERTAIN TIMES CREATE OPPORTUNITIES TO UPSIZE YOUR HOME
As you stroll through your neighbourhood or drive down the streets, you may have noticed an increasing number of “FOR SALE” signs and frequent open houses. With so much activity, it may be hard to believe that now could be the perfect time to make a move.
You are not alone if you have concerns about the current market, however, instead of focusing on uncertainties, let’s explore why this could be an ideal time to take the next step, whether that’s purchasing your first home or upgrading to a
bigger one. Historically, periods of uncertainty often bring opportunities, and with the right strategy, you can position yourself for long-term success.
1. CAN I REALLY AFFORD TO BUY A HOME IN TODAY’S MARKET?
This is one of the most common concerns, especially given current mortgage rates. Many buyers recall the ultra-low rates of the past, making today’s rates seem daunting. However, perspective is key. If you purchased a home in 2009, you likely secured a mortgage rate like those available now. While the landscape has evolved, these interest rates are not unprecedented, and homeownership remains attainable.
For buyers putting down less than 20 percent, insured (high-ratio)
mortgages are available, provided the home is valued under $1.5 million. These mortgages require mortgage default insurance, which is included in the mortgage payment amount. Firsttime buyers can access amortization periods of up to 30 years, while repeat buyers can opt for 25 years. The required down payment is structured as follows:
• Five percent on the portion of the purchase price up to $500,000
• 10 percent on the portion between $500,000 and $1.5 million
For a down payment, various options are available, including withdrawing from a registered retirement saving plan (RRSP), taxfree saving account (TFSA), or FirstTime Homebuyer Savings Account (FHSA), as well as receiving gifts from family members or utilizing other
investments. These resources provide flexibility and can help ease the initial financial burden of owning a home. With housing demand remaining strong and inventory limited, home prices are expected to rise over time. Buying a pre-sale home now allows you to start building equity instead of paying rent or contributing to someone else’s mortgage. This is especially important for those considering upsizing. Securing a larger home today means more living space and a long-term investment that will likely appreciate in value.
2.
HOW WILL I MANAGE HIGHER INTEREST RATES WHEN RENEWING MY MORTGAGE?
The financial choices you made five years ago may no longer be the best fit for your current situation. When approaching renewal, consider: Do you plan to stay in your home long-term, or are you thinking about moving soon?
Fortunately, mortgage renewals have become more flexible. The Office of the Superintendent of Financial Institutions (OSFI) has eased requirements, meaning lenders no longer have to apply the mortgage stress test for borrowers switching lenders during renewal. This allows homeowners to shop around for better rates without the added burden of qualifying at a higher stress-tested rate.
If affordability is a concern, extending your amortization period can lower your monthly payments, providing financial relief amid higher interest rates. Alternatively, if you previously opted for a fixed-rate mortgage, exploring a variable-rate option (or vice versa) could better align with your financial goals. Rather than simply signing a renewal letter, it’s essential to explore your options.
For those looking to upsize, while your monthly payments may increase, strategic planning — such as adjusting your mortgage structure or amortization — can help make the transition manageable.
3. WHAT IF HOME PRICES DROP AFTER I BUY?
Market fluctuations are inevitable, however historically, real estate appreciates over time. Even if the market experiences a temporary dip, long-term trends show recovery and growth.
If you are up-sizing, this concern may feel even more pressing. However, buying now, even amid potential short-term price shifts, still means investing in your future and securing long-term stability.
If you plan to stay in your home for several years, short-term market fluctuations will have a minimal impact on your investment. Over time, as your property appreciates, the value of your larger home will also increase.
MAKING YOUR MOVE
While uncertainty may cause hesitation, waiting on the sidelines could mean missing out on valuable opportunities. With increased housing inventory, we are currently in a buyer’s market, providing better negotiating power and the potential for favourable deals.
If your current home no longer meets your needs, securing a larger property now ensures both comfort and long-term financial growth.
It’s important to remember that home values fluctuate over time, but one thing remains constant: Every mortgage payment builds equity and invests in your future. Markets may change, but as long as you continue to make payments and hold onto your property, you are investing in yourself and your financial future. Being proactive, asking the right questions, and exploring your options will help you make informed decisions. Whether you are a firsttime buyer or looking to upsize, this is a time of opportunity. With the right approach, you can secure your future and make the most of today’s market conditions.
Alisa Aragon-Lloyd has been a mortgage expert for more than 13 years. She prides herself in helping her clients build wealth using many different strategies in real estate. She is licensed with Bridgestone Financing Pros and is on the board of directors for the Homebuilder Association of Vancouver (HAVAN) and is a multiple award-winning member.
THE NORTH
YOUR HOME , YOUR PLAYGROUND
Ready to live your best life? Welcome to The North, a collection of 67 exclusive condominium homes defined by bold architecture, spacious interiors and the convenience of central Port Haney living. This fivestorey residence offers heritagestyle, street-level store fronts with an aged brick exterior, and above, one-bedroom, one-bedroom-plus den, Jr.-two-bedroom and twobedroom/two-bathroom residences. New to the market? The North has a variety of flexible floorplans to suit first-time buyers, young couples and downsizers. And here’s something special: Some second-floor units on the south side of the building have direct walk-out access to the street.
CLOSE TO WHAT COUNTS
Living at The North puts you within a 10-minute walk to the West Coast Express, downtown shops and restaurants, including some wonderful farm-to-table restaurants such as Humble Roots, Sunflower Café, Big Feast and the newest hot spot, The Patch Brewery, plus the river and pier at Port Haney. Beckett Park is located just steps away. Here
you’ll discover a tranquil oasis of greenery, plus a playground, sports courts and a pump track for kids to hone their cycling skills. And your four-legged friends will love the offleash dog park.
HOMES THAT DELIGHT
The North homes are a perfect balance of efficiency and exceptional quality, just what you’d expect from Falcon Homes. Kitchens feature fullsized stainless-steel appliances, easycare Caesarstone quartz countertops, plus you can choose from modern sleek cabinetry or Shaker cabinets that provide ample space for storing your favourite chef’s supplies. It’s the perfect spot for entertaining or embarking on new culinary adventures.
Interiors feature a ductless heat pump system that includes cooling in the summer for year-round comfort; durable vinyl-plank flooring that effortlessly stands up to the demands of the busiest household; and large walk-in closets. With three colour palettes to choose from, you can be sure to find the one that matches your tastes.
LOCATION
Port Haney, Maple Ridge
BUILDER
Falcon Homes
HOME TYPE
Low rise
SALES CENTRE
120 – 22638 – 119 Avenue, Maple Ridge
CONTACT
info@falconhomes.com or 604.477.1500
When you want to be outside but don’t want to go far, enjoy time entertaining family and friends on the second-floor outdoor common patio with greenspace or socialize in the indoor amenities room, which also features convenient workspaces for residents who work from home.
IMMERSE YOURSELF IN NATURE
Maple Ridge is often referred to as the North Shore of the Fraser Valley without the large price tag and for good reason! Perfectly situated between the scenic Golden Ears Mountains and the Fraser River, it’s your destination for hiking, cycling, kayaking, paddling, camping, fishing, and horseback riding. Celebrate the moments of your life at The North. Act now and take advantage of this special incentive: TWO YEARS paid strata fees and property taxes. **
Visit The North’s presentation and sales centre and see the furnished show suite, open 12-5 p.m., Saturday to Wednesday. Now selling, units start at $499,900. To learn more, visit the showroom, email info@falconhomes.com or call 604.477.1500. (**conditions apply).
MAPLE RIDGE
SURROUNDED BY MOTHER NATURE
by MICHELLE HOPKINS
Maple Ridge is located in the northeastern section of Greater Vancouver between the Fraser River and the Golden Ears, a group of mountain summits that are the southernmost of the Garibaldi Ranges of the Coast Mountains.
LIFESTYLE
Boasting stunning views, fantastic trail networks, creeks and rivers, and its jewel, Golden Ears Park, this is a haven for equestrians and outdoor enthusiasts. It is safe to say it’s a healthy, outdoorsy lifestyle that attracts people to this enclave.
VIBE
With lots of young families living here, the vibe possesses an alluring fusion of city/country.
MEET THE NEIGHBOURS
Originally, this was a rural residential and large-lot suburban hamlet of about 600 residents. In 2024, the population of Maple Ridge was 106,489. If you’re a movie fan, you might like to know the city of Maple Ridge is a popular location for feature films and television series. The Ridge Film Studios is located downtown, and serves as a
set location for episodic television programs. In the 1970s, scenes for the feature film Rambo were shot here.
This area is also very popular with equestrians, so it is very common to see people riding horses along the trails. This is mostly a young professional family demographic, with children under the age of 12, and the bulk of the population in the 35 to 54 age range.
IN THE AREA
Maple Ridge is all about nature. However, that doesn’t mean there are no amenities. The Haney Place Mall has the trendiest retailers for clothing and apparel, home decor and appliances, health and beauty
items and more can be found. In addition, the city centre has everything you need.
PLANES, TRAINS & AUTOMOBILES
Neighbourhood residents are mainly car dependent, however, Translink provides public transit services to Maple Ridge via buses and the West Coast Express. Haney Place Exchange is the main bus exchange, with every bus line in Maple Ridge stopping there at some point along its route.
REAL ESTATE
Real estate in Maple Ridge consists of townhomes and single-family homes and low-rise condominium apartments.
HOT SPOTS
UBC MALCOLM KNAPP RESEARCH FOREST
The UBC Malcolm Knapp Research Forest is home to black bear, cougar and black-tailed deer populations. As many as 26 species of birds have also been identified and the marshland to the west is an important wintering and breeding habitat for waterfowl.
As one of the largest parks in the province, Golden Ears Park is prized for its plethora of recreational activities! Designed with both day-trippers and campers in mind, it offers swimming, windsurfing, water-skiing, canoeing, boating, fishing and features three large campgrounds.
LOON LAKE
Loon Lake stretches more than 1.6 kilometres long. This picturesque and pristine lake is perfect for canoeing, kayaking, swimming or lounging about.
GOLDEN EARS PARK
OUT OF TOWN
NANAIMO
1. GIBSONS EAGLE VIEW 875 Gibsons Way eagleviewheights.com
135 East 13th Street 604-929-3211 millenniumlonsdale.com
8. PIERWELL 2452 Marine Drive pierwell.ca
9. ONE20 120 East 14 Street 236-551-1311
SQUAMISH
10. BRITANNIA BEACH BC 99 & Copper Dr 604-980-0016 britanniabeachliving.com
11. SEA AND SKY 604-559-7918 hellosquamish.com
12. REDBRIDGE 1606 Scott Crescent redbridgesquamish.com
13. FINCH DRIVE 1050 Finch Drive 778-990-1129
SMART LIVING IN METRO VANCOUVER:
A DUPLEX THAT REDEFINES HOMEOWNERSHIP
Homeownership in Metro Vancouver is evolving. As housing prices continue to challenge buyers, innovative solutions are reshaping the market, offering attainable, well-designed spaces that don’t compromise on quality or livability. This newly built duplex by HAVAN members Lat49 Builders Inc. and Kalu Interiors Inc.is a prime example, increasing site density on a single lot
while delivering exceptional design, functionality and sustainability.
THOUGHTFUL DESIGN MEETS MODERN LIVING
This duplex isn’t just about maximizing space—it’s about enhancing the way people live. Each home features a three-level layout that optimizes every square foot, from open-concept main floors to vaulted ceilings in the primary suites, creating a sense of light and openness. Thoughtful details, such as eliminating hallways on the main and upper levels, improve efficiency and flow, making every inch count.
The design embraces multigenerational living, offering primary suites on the second and third floors. Custom millwork replaces traditional reach-in closets, freeing up valuable space in the bedrooms and living areas. Large sliding doors and Juliet balconies extend indoor spaces outward, emphasizing the connection to nature and the surrounding environment.
AESTHETIC AND SUSTAINABILITY IN HARMONY
The duplex’s exterior blends contemporary and craftsman influences and features forest green
WENDY MCNEIL
PHOTOS: PROVOKE STUDIOS
and white tones, accented by cedar soffits and doors for a warm, natural feel. The use of traditional materials— lap siding, board and batten, and an A-line roof—ensures the home integrates seamlessly into the neighbourhood, while standing out with its own refined character.
Inside, the design balances beauty with function. Custom millwork and compact quartz and porcelain surfaces prioritize durability and aesthetics. Large-plank engineered hardwood runs throughout, while bathrooms feature richly textured tiles, complemented by black and brass fixtures for a striking contrast. To enhance the smooth aesthetic, countertops extend into backsplashes, creating a clean, modern finish.
INNOVATION IN COMFORT AND EFFICIENCY
Beyond its visual appeal, this duplex is designed for long-term sustainability. A central heat pump system provides
energy-efficient heating and cooling, while heated bathroom floors add a touch of luxury. Windows—including clerestory, linear and skylights—are strategically placed to optimize natural light, while maintaining privacy. Energy-efficient fixtures, including occupancy sensors, further reduce environmental impact and long-term costs.
By combining smart design, sustainability and affordability, this duplex offers a compelling solution for homebuyers looking to enter Metro Vancouver’s market without compromise.
To explore more award-winning multi-plex housing options, check out the 2025 HAVAN Awards finalists. Winners were announced on April 12. havan.ca/awards
Representing the home building industry in Metro Vancouver since 1974, the Homebuilders’ Association Vancouver (HAVAN), a not-for-profit society is proudly affiliated with the provincial and national Canadian Home Builders’ Associations. Visit www.havan.ca Follow Wendy @HAVANofficial or email wendy@havan.ca
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 livepura.ca
6. AMAYA LIVING 106 Ave & 140 St amayaliving.ca
7. SEQUOIA 133 Street & 104 Avenue sequoiawestvillage.ca
8. THE BEVERLY 17538 100 Avenue 778-400-4773 escapetothebeverly.com
This year, Canadian homeowners renewing their mortgages may face a new reality: Higher interest rates compared to their initial mortgage terms. While this might seem daunting, it’s also an opportunity to
reassess your financial situation and make decisions that align with your current goals. A mortgage renewal is more than just signing on the dotted line – it’s a chance to shop around, negotiate and take control of your financial future.
There are some essential tips and strategies to help you navigate mortgage renewals in today’s high interest rate environment. Whether you’re a first-time renewer or an
experienced homeowner, these insights can save you money and reduce financial stress.
WHY MORTGAGE RENEWALS MATTER IN 2025
Mortgage renewals happen when your current mortgage term ends, and you need to secure a new term for the remaining balance. In the next few months, many Canadian homeowners will be renewing at
“
” A mortgage renewal is more than just signing on the dotted line – it’s a chance to shop around, negotiate and take control of your financial future.
rates significantly higher than what they locked into five years ago.
For context, mortgage rates in 2020 hit historic lows, with some fixed rates dipping below two per cent. Fast-forward to today, and fixed rates are hovering around four per cent or more, putting upward pressure on monthly payments. If your term is ending soon, it’s crucial to approach your renewal with a strategy to minimize financial impact.
TIPS FOR NAVIGATING YOUR MORTGAGE RENEWAL
1. Start early: Don’t wait until the last minute
Lenders generally send renewal letters two to four months before your renewal data, but waiting until then limits your options. Begin exploring renewal opportunities at least four to six months before your term expires. This gives you time to compare rates, shop around, and lock in the best deal.
Pro tip: Lenders allow you to secure a new mortgage up to 120 days before your renewal date that will be held until your renewal. If rates rise during this period, you’re protected. If rates drop, you can often negotiate down further.
2. Shop around for the best rate
While your current lender may offer convenience, don’t assume they’ll give you the best deal. Shopping around with other lenders or
working with a mortgage broker can reveal competitive rates and terms. Mortgage brokers have access to multiple lenders and can help you find a product tailored to your needs.
Why this matters: Higher rates mean even small differences in your mortgage rate can have a significant impact on your monthly payments and overall interest costs.
3. Consider extending your amortization period
If higher rates are stretching your budget, extending your amortization period could help lower your monthly payments. For instance, if you have 20 years left on your mortgage, you could extend it to 25 years, reducing your payment burden in the short term.
Things to keep in mind:
• While extending your amortization reduces monthly payments, it increases the total interest you’ll pay over the life of your mortgage.
• You can always shorten your amortization later or make extra payments when rates stabilize or your financial situation improves.
4. Evaluate your financial goals
Mortgage renewals are a great time to reassess your financial goals. Are you planning to stay in your current home long-term, or are you considering selling in the near future? Your plans can influence whether you choose a fixed or variable rate, the length of your term, and other features such as prepayment flexibility.
Fixed versus variable:
• Fixed rates offer stability in today’s uncertain environment.
• Variable rates might still be attractive for those expecting rate cuts later in the year but come with more risk if rates remain high.
5. Negotiate with your current lender
Don’t accept your lender’s first renewal offer without negotiation.
Many lenders are willing to match or beat competitive offers, but they won’t do so unless you ask. Use quotes from other lenders or brokers to leverage a better rate or more favourable terms.
6. Take advantage of prepayment options
If you’re in a position to do so, making a lump sum payment or increasing your monthly payments before or during renewal can help reduce your principal and save on interest over time. Many lenders allow up to 15 to 20 per cent of your original principal to be paid off each year without penalties.
WHAT TO WATCH FOR
• Rising household debt: Higher rates mean higher payments, so consider your overall debt load and budget carefully.
• Inflationary pressures: Inflation could influence rates further, so stay informed about market trends.
• Government policies: Keep an eye on government announcements or programs aimed at easing affordability challenges, such as first-time buyer incentives or stress test changes.
KEY TAKEAWAY: BE PROACTIVE
Mortgage renewals in 2025 come with unique challenges, but with the right strategies, you can minimize financial strain and secure a deal that works for you. Start early, shop around and don’t hesitate to seek professional advice from a mortgage broker or financial advisor. A proactive approach can make all the difference in navigating this higher rate environment.
Jesse Abrams is co-founder at Homewise, a mortgage advisory and brokerage firm. thinkhomewise.com
+MORE CONTENT ONLINE nexthome.ca
BURNABY – NEW WESTMINSTER
BURNABY
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
4. ALASKA 4455 Alaska St 604-299-9191 alaskabyamacon.com
28. MOODY ON THE HILL 228 6th Street 778-895-5533 moodyonthehill.com
29. THE KEARY 230 Keary Street thekearybywesgroup.ca
30. TIMBER HOUSE 310 Salter Street timberhousebyaragon.ca
RICHMOND
RICHMOND
1. GALLERIA
8555 Capstan Way 604-233-7748 concordgalleria.com
2. LUXE LANSDOWNE Lansdowne Road & Number 3 Road luxelansdowne.com
3. PARK RESIDENCES II AT MINORU PARK
6333 Mah Bing Street 604-563-8899 parkresidences.ca
4. RC RICHMOND 6331 No. 3 Road 604-788-6608
DELTA
5. BRIDGE & ELLIOTT Ladner Village bridgeandelliott.com
NORTH DELTA
TSAWWASSEN
6. SOUTHLANDS
6388 Market Ave
604-636-2220 discoversouthlands.ca 5
YES, THERE ARE SINGLE BUYERS
IN TODAY’S HOUSING MARKET
We do see a percentage of single people purchasing homes today, even in the face of high prices. In 2016, Census data show that a substantial percentage of purchasers in Canada were single. In 2019, Statistics Canada published a study that examined the prevalence and characteristics of people living alone in our country. From 1981 to 2016, the number of solo dwellers increased from 1.7 million to four million. The report also predicted that one-person households would likely increase over the next few years, especially as our population ages.
How is that still possible, and how, oh how, do they manage it? Today’s savvy buyers understand the nuances of planning for this major life step.
First and foremost, buyers have to consider the down payment, which is always a challenge. Of course, the bigger the down payment, the more affordable the mortgage payments. Nowadays, families (especially parents and grandparents) are helping with that. Even when that is not the case, we see young hopefuls saving money like never before, the way Baby Boomers did decades ago. They forego luxuries such as movies, concerts and eating out to deposit more into their savings. They are careful to keep good credit scores, which inevitably help in obtaining mortgages. There are online
mortgage qualifier tools that can help them figure out what they can afford – plus, getting pre-approved for a mortgage is a great idea.
Today’s single buyers also know how to research government programs for first-time buyers and take advantage of everything for which they qualify. This includes using some of their RRSPs toward the down payment. There is also the First Home Savings Account, which enables firsttime buyers to save toward building or buying tax free (up to certain limits). Visit cmhc-schl.gc.ca for more information.
Of course, timing plays a part – and frankly, the Bank of Canada cutting interest rates by another 25 points on March 13 is another feather in the first-time buyer’s cap. Plus, inflation remains at two per cent, which is great news for all Canadians. Imagine how we felt decades ago when interest rates shot up to double-digit numbers. Today’s homebuyers benefit greatly from this step.
Single buyers also choose locations carefully, perhaps selecting an up-and-coming neighbourhood over an already popular one where infrastructure and amenities are already in place. They may also consider smaller homes or condominiums than they would ideally
like, for affordability purposes. In fact, today’s compact homes and condo suites live larger than ever before because of efficient designs. And often these are condominiums close enough to public transit that the homeowners do not require vehicle ownership. That saves many thousands of dollars each year that can go toward paying down the mortgage.
Some single buyers have dreamed of owning a home since childhood and do everything they can to make that happen. Some even work more than one job to earn extra money. These forward-thinkers opt to pursue careers that will enable homeownership at some point, and they enter the market as soon as they can to begin earning equity. However they package their approach, singles purchasing new homes are an inspiration to us all.
Barbara Lawlor is CEO of Baker Real Estate Inc. A member of the Baker team since 1993, she oversees the marketing and sales of new home and condominium developments in the GTA, Vancouver, Calgary and Montreal, and internationally in Shanghai. baker-re.com
+MORE CONTENT ONLINE nexthome.ca
BARBARA LAWLOR
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
7. SHIFT 35th Ave & Quebec St. aragon.ca/shift
8. THE CONSERVATORY 6080 Gray Avenue 604-821-8291
9. CURV 1059 – 1075 Nelson Street thecurv.ca
10. GRACE
14. ITALIA 2323 Fir Street italiabysolterra.ca
15. MARCO POLO 6409 Cambie Street 604-620-8295 marcopolobygryphon.com
16. W16 BY OLSON KUNDIG 3220 Cambie Street 604-648-1800 W16byolsonkundig.com
NEW HOME & CONDO DEVELOPMENTS
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
Downtown Gate TH 604-357-1943 Coming Soon
Falcon Ridge SF 604-309-0540 From $789,000
High Street Village LR/TH highstreetvillage.ca Now Selling
JEM LR jemliving.ca Coming Soon
Laurel on Mill Lake LR laurelmilllake.com 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
SCOUT MR 778-548-0770 Coming Soon
The Peak at Mountainview TH mymountainview.ca Call
The Rail District TH raildistrict.ca Register Now
BURNABY
O2 Metrotown HR o2metrotown.com Now Selling
Arbour MR/TH 604-559-5795 Now Selling
Azure at Southgate HR azureatsouthgate.com Now Selling
Icon at Southgate City HR iconatsouthgate.com Now Selling
Kings Crossing by Cressey PH 604-720-5357 Now Selling
Maywood on Park HR 604-435-8866 Now Selling
Metro 21 HR metro21.ca Coming Soon
Moonlight Sonata TH moonlight-sonata.ca Register Now
Nido LR lifeatnido.com Register Now
Nuvo HR nuvobyanthem Coming Soon
Oasis at Concord Brentwood HR 604-435-1383 Call
Oslo HR osloliving.ca Call
Perla HR 604-434-2205 Now Selling
Polaris at Metrotown HR polarismetrotown.com Now Selling
Tailor HR 604-299-1001 Call
The Amazing Brentwood HR 604-298-7314 Call
The Standard HR thestandardbyanthem.com Coming Soon
Reign at Metrotown HR reginbywesgroup Coming Soon
Riviera HR rivierabyledmac.com Now Selling
Slate HR/TH slatebybeedie.com Now Selling
SOLO 4 HR 604-298-8800 Coming Soon
Sun Towers 2 HR suntowersmetrotown.com Call
CHILLIWACK
Acadia at Garrison TH 604-991-5151 Call
Base 10 TH 604-991-9951 Call
Cedarbrook TH/SF 604-490-3451 Coming Soon
Elk Creek Estates SF 604-316-4140 Now Selling
Iron Horse SF/RH Ironhorseliving.com Call
Lakeside at Cultus Lake LR 604-250-3662 Now Selling
Malloway Village SF 604-961-5160 Now Selling
Skynest LR 604-362-1505 Call
COQUITLAM
Alina HR ownalina.com Now Selling
Allison LR mosaichomes.com Coming Soon
Amber Gate TH 778-871-9532 Coming Soon
Band HR band.townline.com Coming Soon
Bastille LR bastille.porte.ca Now Selling
Baycrest West TH 604-474-2106 Call
Burke Village SF/TH/LR burkevillage.ca Coming Soon
Debut | Fraser Mills HR debut.frasermills.com Register Now
Dwell TH dwellbyanthem.com Register Now
Elmwood HR elmwood.marcon.ca Now Selling
Florin LR liveatflorin.com Coming Soon
Forester Two TH forester.townline.ca Coming Soon
Fraser Mills HR/TH frasermills.com Coming Soon
Gardena HR 604-636-8668 Now Selling
The Heights on Austin HR theheightsonaustin.com Call
The Robinsons Parkside CollectionTH 604-683-5441 Call
Komo HR ownkomo.com Now Selling
Laval LR liveatlaval.com Coming Soon
Level LR livelevel.ca. Coming Soon
Linc MR livingatlinc.com Coming Soon
Lodana MR/TH liveatlodana.com Coming Soon
The Oaks LR theoakscoquitlam.com Call
Portico LR lifeatportico.ca Register Now
Precidia HR precidiabyledmac.com Now Selling
Queenston TH queenstonliving.ca Coming Soon
Riley Park TH mosaichomes.com Coming Soon
Sheffield SF mstarhomes.com Coming Soon
Skagen TH 604-931-2283 Now Selling
Skylark LR 604-451-8518 Coming Soon
SOL HR 604-937-9688 Register Now
Sophora at the Park HR 604-942-8416 Register Now
Sydney HR 778-948-0333 Now Selling
Sydney Townhomes TH 604-961-3559 Now Selling
Terrayne at Burke Mountain TH terryane.townline.com Coming Soon
Vue HR vueliving.ca Coming Soon
West HR westbybeedie.com Call
DELTA & TSAWWASSEN
Boardwalk TH/DU/SF 604-306-2226 Call
Bridge + Elliott LR bridgeandelliott.com Coming Soon
The Madison LR madisonresidencs.ca Coming Soon
Peregrine LR 604-943-6677 Call
Southlands SF/TH/LR discoversouthlands.ca Now Selling
South Grove TH southgrovehomes.com Call
The 85 LR 85scottrdliving.com Call
Tsawwassen Heights SF 604-271-7288 Call
Tsawwassen Landing SF/LR 604-638-3500 Now Selling
Walker House HR walkerhousedelta.com Coming Soon
West Coast Estates SF 604-800-9099 Call
Westhampton TH 604-946-0477 Now Selling
LANGLEY
Ashton TH astonliving.ca Coming Soon
Azure Grove HR azuregrovelangley.ca Coming Soon
Aviva TH avivaliving.ca Coming Soon
Canvas LR canvaslangley.ca Call
Centennial Court HR 250-590-1885 Coming Soon
Crofton TH 604-710-9060 Call
Gordon Square TH gordonsquare.ca Register Now
Hayer Town Centre LR 604-800-9662 Call For Preview
Headwater TH 604-240-9148 Coming Soon
The Hive LR live@thehivewtc.com Now Selling
Jericho LR jerichobyessence.com Now Selling
Latimer Heights SF/DU/RH/TH 604-371-0698 Call
Madewell TH madebygatehouse.com Call
Mayfair TH 604-560-0272 Now Selling
Scale LR scaleliving.ca Coming Soon
The Towers at Latimer Heights TH 604-371-1669 Call
Union TH info@garchahomes.com Now Selling
Unison LR unisonlangley.ca Coming Soon
Westbrooke RH 604-385-3540 Call
FORT LANGLEY
LEAH TH leahtownhomes.com Coming Soon
MAPLE RIDGE
Bridle Ridge SF mstarhomes.com Call
Crest Kanaka Springs SF kanakasprings.com Call ERA LR 604-239-1898 Call
Everwood TH liveateverwood.com Register Now
Inspire LR 604-576-7722 Call
The Falls Kanaka Springs TH kanakasprings.com/the-falls Register Now Kennedy TH kennedytownhomes.ca Now Selling
La Riviere LR 604-359-0135 Coming Soon
The North at Port Haney LR thenorthliving.com Coming Soon
Podium LR 604-657-7653 Coming Soon
Provenance TH 604-467-2285 Register Now
Rydge TH rydge.ca Now Selling
Sequoia Living TH 604-723-5386 Call
Sierra Ridge LR sierraridge.ca Call
Windfall TH windfallbygatehouse.com Coming Soon
MISSION/HARRISON
Cedar Valley Rowhomes RH cedarvalleyrowhomes.ca Coming Soon
Harrison Highlands SF 1-888-758-0850 Call
Harrison Ridge TH 1-844-432-7444 From $690K Horizons TH 1-888-826-1177 From $319,800
Nelson & Grove SF mstarhomes.com Coming Soon
Westminster Plateau LR/TH homes@westminsterplateau.ca Now Selling
NEW WESTMINSTER
Lighthouse LR 604-364-7424
Call
Moody on the Hill LR moodyonthehill.com Selling Now
Pier West HR 604-553-4211 Call
River Queensborough TH 604-438-5050 Call
Timber House LR timberhousebyaragon.ca Register Now
NORTH VANCOUVER
1313 Ambleside Residence TH 1331ambleside.com Now Selling
1515 Rupert LR 236-869-2515 Call
Aire at North Harbour MR northharbourbyconcert.com Now Selling
Apex at Seylynn Village HR/TH/PH apexatseylynn.ca Now Selling
AVA LR 604-736-0050 Call
Baden Park LR/TH badenparkbyanthem.com Register Now
Emerald TH liveatemerald.ca Coming Soon
Evolv35 TH 604.785.7653 Call
Executive on the Park LR/TH executiveonthepark.com Coming Soon
Forest Ridge LR 778-298-2280 Coming Soon
Founder’s Block South TH 604-689-3040 Coming Soon Green on Queensbury LR/TH qualex.ca/green Register Now Innova LR liveinnova.ca Now Selling Lennox LR 604-988-3617 Now Selling
Lupine Walk Seymour Village LR seymourvillage.com Call
Millennium Central Lonsdale LR millenniumlonsdale.com Coming Soon
Neu on 3rd TH neuon3rd.ca Coming Soon
One20 HR 236-551-1311 Register Now
Park West HR 604-770-1336 Now Selling
The Trails TH liveat.thetrailslowerlonsdale.com Coming Soon
The Windsor HR 604-256-9178 Call
West Oak TH westoakliving.com Now Selling
PITT MEADOWS
Nature’s Walk TH 604-262-1850 Now Selling
PORT COQUITLAM
Hawthorne LR hawthornbyotivo.ca Coming Soon
Porthaven LR porthavenpoco Register Now
PORT MOODY
Anchor LR 604-343-7719 Call
Bayrock Terrace HR bayrockterrace.ca Now Selling
The Grande HR 604-552-0552 Now Selling
Hue HR 604-461-3445 Now Selling
RICHMOND
Atmosphere HR Atmosphereliving.ca Call
Aviary TH aviaryliving.ca Now Selling
Burgundy TH 604-242-1193 Coming Soon
Cascade City HR 604-285-7285 Now Selling
CF Richmond HR 604-788-6608 Now Selling
Concord Galleria HR 604-233-7748 Call
Diamond Steveston TH 604-242-1193 Coming Soon
Grand, The HR 604-278-3880 Call
Hollybridge At River Green HR hollybridgeliving.com Call
Luxe Lansdowne HR luxelansdowne.com Call
Luxio On the Park LR 604-780-6433 Now Selling
Minoru Square HR thind.ca/minorusuare Coming Soon
One Park HR oneparkliving.com Call
Paramount HR Paramountliving.ca Call
Park Residences II at Minoru Park HR parkresidences.ca Now Selling
