NewHome+Condo Guide – Vancouver – October 28, 2023

Page 1


The first and only complete guide to pre-construction homes and condos

INSIDE :

GOVERNMENT INCENTIVES FOR FIRST-TIME HOMEBUYERS

WHAT IS LEASEHOLD STRATA LIVING?

Introducing The North, a limited release of 67 exclusive residences defined by bold architecture, spacious interiors and the convenienc e of central Port Haney living. Life at The North means mountain views, river walks, retail amenities and transit access, all steps from home.

Price d for first-time buyers, the North combines thoughtful, pragmatic design w ith residence s on the cusp of nature.

The North. Delivering Life in Balance to Maple Ridge.

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EDITOR

Marlene Eisner

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CONTRIBUTING WRITERS

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INCENTIVES TO HELP YOU FINANCE A HOME

MARLENE EISNER

EDITOR

New Home + Condo Guide

EMAIL: marlene.eisner@nexthome.ca

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If you’re looking for a new home and feel discouraged because you’re not sure how to save for a down payment, you’re not alone. In today’s market, having the five, 10 or 20 per cent needed for a deposit and down payment on a home can feel out of reach for many people. And while it may seem as if amassing enough money is an impossible dream, there are some ways to help turn that dream into a reality.

There are government programs for first-time homebuyers that are incentives specifically designed to help you save funds to finance your first home. On page 14, our industry expert, Brittany Reimer, shares six ways you can make saving for a home easier. Some programs offer tax-free benefits while others involve rebates, and you can even combine two programs to maximize your saving. While there are some restrictions and guidelines, it’s worth educating yourself to see what works best for you.

For those of you who already own your own home but will need to refinance your mortgage, you’ll benefit from an up-to-date assessment of your property in case you need an appraisal to help determine the current comparable market value of your home. Turn to page 18, where our mortgage expert, Alisa Aragon-Lloyd, offers up seven ways to maximalize your home through an appraisal.

As always, this issue has other interesting and informative articles to help you on your home-finding journey, from new releases and up-coming projects to alternative forms of homeownership such as leasehold strata living. Let us know what you think. We’d love to hear from you.

TWITTER: @MarleneEisner + Leasehold strata living Page 22 + get social Interact with us on social media: nexthome

In West Coquitlam lies The Grove, a collection of 49 townhomes where city and nature intertwine. Custom designed, each home merges West Coast modern architectural ideologies with spacious interiors that draw inspiration from single-family living. Here, underground parking creates space for lush outdoor courtyards, which harmonize with soft, natural interior textures to bring a renewed sense of clarity to everyday rituals. COMING SOON

Underground parking with multi-use flex space and direct access to your home bring a renewed sense of clarity to everyday rituals.

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

10. THE STANDARD Metrotown thestandardbyanthem.com

11. SLATE 5180 Lougheed Hwy slatebybeedie.com

12. CONCORD SKY-HOUSE 4750 Kingsway concordmetrotown.com

13. POLARIS METROTOWN 6699 Dunblane Ave 604-565-7733 polarismetrotown.com

14. NUVO 6075 Wilson Avenue nuvobyanthem.com

15. THE AMAZING BRENTWOOD 4567 Lougheed Hwy 604-298-7314 theamazingbrentwood.com

5. BORDEAUX 4488 Juneau Street bordeauxliving.ca

6. ECLIPSE BRENTWOOD 2463 Beta Avenue thind.ca/eclipse

7. MOONLIGHT SONATA 3550 Wayburne Drive 778-788-1480 moonlight-sonata.ca contact@moonlight-sonata.ca

8. O2 METROTOWN 5137 Kingsway 778-886-8280 o2metrotown.com

9. AZURE AT SOUTHGATE CITY 7662 18th Street 604-544-8800 azureatsouthgate.com

16. SOLO 4 2131 Willingdon Avenue 604-298-8800 soldistrict.com

17. CONCORD METROTOWN Nelson Ave & Kingsway concordmetrotown.com

18. HIGHLINE METROTOWN 6511 Sussex Avenue highlinemerotown.com

19. METRO 21 6540 Marlborough Avenue metro21.ca

NEW WESTMINSTER

20. MOODY ON THE HILL 228 6th Street 778-895-5533 moodyonthehill.com

21. THE KEARY 230 Keary Street thekearybywesgroup.ca

22. TIMBER HOUSE 310 Salter Street timberhousebyaragon.ca

23. CONCORD GREENHOUSE 5895 Barker Ave 604-435-1383 concordgreenhouse.com

TIMBER HOUSE

PORT ROYAL VILLAGE’S GRAND FINALE

It’s been more than 25 years in the making. Once a sawmill, today Port Royal Village in New Westminster has evolved into a friendly, diverse community where neighbours greet each other by name. It’s common to see silver-haired residents sharing gardening tips with curious teens, and spontaneous games of street hockey are a regular summertime occurrence.

If you’ve dreamed of calling this riverfront community home, here’s some news you won’t want to miss. Timber House, the final release of homes is now selling, and make no mistake, they’re like nothing you’ve seen before.

Comprised of 87 move-in-ready condominiums plus two-storey

cityhomes and lofts, these homes are situated around a courtyard that has the ambience of a lovingly cared for secret garden straight out of the pages of a fairy tale.

INTERIOR DAZZLE

From the street, Timber House’s modular, grey and white architecture introduces a distinctive, eye-catching visual and a statement of modern elegance—five- and six-storey buildings that are proud to have a character all their own. And that’s just the beginning.

Arrival is always a celebration at Timber House. Thanks to exterior walkways and a creative outlook, every home boasts its own covered entry, many with space for seating

and flowers, just like a front porch of a single-family house. It’s a feature you simply don’t find in the average multi-family community but then, there’s nothing average about Timber House.

Once inside, there’s an immediate feeling that industrial chic just joined forces with a Whistler chalet. “Come grab a hot chocolate or latté and cozy down with the latest bestseller,” it seems to say.

Giving a new twist to feature walls, Aragon chose to leave the mass timber walls, some soaring 20 ft. high, exposed wherever possible. The effect is, in a word, stunning, as the wood’s natural beauty is allowed to shine. And here’s a bonus: mass timber is a durable, renewable

building material that sequesters one tonne of carbon per cubic meter, is more stable than dimensional lumber, and arrives prefabricated, so there’s virtually no onsite waste, which is good for both you and the environment.

Kitchens, always the heart of an Aragon home, have an inviting, entertainment-forward vibe. With contemporary, matte black hardware, integrated Italian appliances, and storage cleverly tucked into every nook and cranny, these sophisticated culinary hubs are ready for the most adventurous chef. Islands are seriously long; many are over 9 ft. with waterfall edges and plenty of drawers facing the cooking space.

Continuing a long-standing Aragon tradition, private outdoor spaces are luxuriously large, many easily double what you’d typically

find in a condo. Ground floor homes not only feature a tiled area for a barbecue and lawn chair but a section of lawn as well. And if watching the sunset while savouring an après work cocktail is on your list of favourite activities, get set to be totally wowed by Timber House’s rooftop decks.

Don’t miss this final opportunity to become part of Port Royal Village and savour the best of riverside living. Home prices start at $549,900. The Timber House Presentation Centre and four Designer Display Homes are open 12 to 5 p.m. Saturday through Wednesday at 102 – 310 Salter Street in New Westminster. Contact the sales team at 604.345.4131 or visit timberhousebyaragon.ca to register for more information.

LOCATION

New Westminster

DEVELOPER Aragon

HOME TYPE

Condos, Cityhomes, and Lofts

SALES CENTRE

102-310 Salter Street

CONTACT

604.345.4131 or timberhousebyaragon.ca

NEW WESTMINSTER

OFFERING SOMETHING FOR EVERYONE

The first capital of British Columbia, New Westminster is situated on the Burrard Peninsula and comprises the area from north of the Fraser River to Tenth Avenue and the width from Marine Drive to Brunette Avenue. Known affectionately as “The Royal City” thanks to Queen Victoria naming it after Westminster, the part of London that holds the Parliament buildings.

THE VIBE

There is a broad range of microneighbourhoods in New West, and it

truly offers something for everyone: From the heritage homes of Queen’s Park to the modern condos downtown. There is a lot of pride of place here, and it’s often said that people who move here never want to leave.

LIFESTYLE

There is no shortage of things to do here: From strolling through streets in Queen’s Park to gaze at the cherry blossoms at the end of March, to the Hyack Festival in May, the Queen’s Park annual

garage sale in May or June, and the June Sapperton Day street festival. All of these events promote a strong sense of community. New Westminsterites are proud of where they live.

MEET THE NEIGHBOURS

New Westminster is home to all types – singles, couples, emptynesters – but young families are a rapidly growing group, and it’s no wonder why. From splash pads scattered throughout the neighbourhood, to the petting zoo at

Queen’s Park, New West has an abundance of amenities for tots.

IN THE AREA

Though New West only has one public high school (New Westminster Secondary School, which has close to 2,000 students in Grades 9-12), it has nine elementary schools, and two middle schools. Community centres with activities for the young and old abound in this city, and there’s never far to walk to find a park or playground.

DOLLARS & SENSE

New West is a very livable area, and while housing prices have risen, they are still within reach compared to other places. An average detached home sits at $1.4 million, townhomes run for $738,000, and condos go for $540k.

PLANES, TRAINS & AUTOMOBILES

A fairly small suburb, New West is highly walkable, and it’s easy to find what you need in each of its neighbourhouds. This city is also accessible by public transit. Adjacent to Surrey, Burnaby, and Coquitlam, commutes to these cities are fairly swift. A bridge-free commute downtown makes it predictable, if not super fast.

THE GOOD, THE BAD & THE REST

Buildings here reflect the rich history of the former capital, and areas are becoming increasingly gentrified, although some believe that it’s only a matter of time before New West is entirely revitalized. It’s best to do some research before moving here to determine whether or not you’ll be living in a ‘hood on an upward trajectory.

HOT SPOTS

QUEEN’S PARK

This sprawling park has plenty of activities for the whole family: tennis courts, an arena, a playground, and a spray park and a petting zoo from May to September.

THE QUAY

From the River Market (which is home to terrific eats, a circus school, and even hosts music and baking lessons for tots) to a walk along the pier, New Westminster Quay has something for everybody.

TRE GALLI GELATO CAFFE

Who doesn’t love gelato? And pizza, paninis and coffee? This cute caffe’s menu will satisfy your hunger pangs as you sit at a table overlooking the water. Buon appetito.

GOVERNMENT INCENTIVES FOR FIRST-TIME HOMEBUYERS

Looking to buy your first home? It’s certainly no easy feat. Luckily for new homebuyers in Canada, numerous government incentives are available to help make purchasing a first home a little bit easier.

Read on to discover the latest addition to government incentives — the First-Time Homebuyers Savings

Account (FHSA). Then, for everyone unfamiliar with the homebuying journey, we revisit a few other ways to save so you have all the information you need before you get started.

THE FIRST HOME SAVINGS ACCOUNT (FHSA)

In April of this year, the government announced its latest incentive for first-time homebuyers, the First Home Savings Account (FHSA). With this account, new homebuyers can save up to $40,000, tax-free. Contributing to the FHSA is tax deductible, and qualifying withdrawals to buy a home

are tax-free. Contributions can’t exceed $8,000 per year and if you don’t end up buying a home, any accumulated funds can be transferred to a registered retirement savings plan (RRSP) or registered retirement income fund (RRIF). To open an FHSA, you must be a Canadian citizen at least 18 years of age and have not lived in a qualifying home in the previous four calendar years.

THE HOME BUYERS’ PLAN (HBP)

The Home Buyers’ Plan (HBP) is a federal government-run program that allows first-time homebuyers to

withdraw up to $35,000 from their RRSP, tax-free, to buy or build a home for themselves or a relative with a disability. Keep in mind, while the HBP increases your home-buying budget, it reduces your RRSP, which can affect your potential tax-sheltered investment. As well, you must repay the amount withdrawn within 15 years. If you don’t end up paying it back, it will be counted as income and taxed by the Canada Revenue Agency. To qualify, you must be a resident of Canada, have an RRSP with sufficient funds, and plan to use the home as your principal residence within a year of building or buying it.

THE FIRST-TIME HOME BUYER INCENTIVE

The First-Time Home Buyer Incentive is another federal governmentsponsored program that helps first-time homebuyers reduce their monthly mortgage payments by providing a shared-equity mortgage with the government of Canada. The

program offers five per cent or 10 per cent for a first-time buyer’s purchase of a newly constructed home, five per cent for a first-time buyer’s purchase of a resale (existing) home, and five per cent for a first-time buyer’s purchase of a new or resale mobile/ manufactured home.

Because it is a shared-equity model, the government shares in both the upside and downside of the property value. This entails a potential increase or decrease of up to eight per cent per annum on the incentive amount from the advance date until repayment. The incentive must be repaid after 25 years or when the property is sold, based on the market value of the home at the time of repayment. To qualify, you must be a Canadian citizen or resident with an annual income below $120,000 ($150,000 for certain cities) and borrow no more than four times your income (or 4.5 times in specified cities). You must also be a first-time homebuyer and meet the minimum down payment requirements using traditional funds.

THE GST/HST NEW HOUSING REBATE

The GST/HST New Housing Rebate provides up to a $6,300 rebate on the Goods and Services Tax (GST) or the Harmonized Sales Tax (HST) for new homes. Homebuyers who purchase a new-build home, preconstruction, or make substantial renovations to an existing home can apply. You must complete an application form and provide supporting documents, and the rebate can be claimed within two years after the construction date.

THE FIRST-TIME HOME BUYERS’ TAX CREDIT (HBTC)

The First-Time Home Buyers’ Tax Credit (HBTC) is a government initiative that provides eligible firsttime homebuyers with a $10,000 non-refundable income tax credit, resulting in tax savings of up to $1,500. To be eligible, the home must be registered in the buyer’s name, and

they must be a first-time homebuyer who will use the property as their primary residence. The HBTC can be combined with other government programs, such as the Home Buyers’ Plan, the First-Time Home Buyer Incentive, and the GST/HST New Housing Rebate. Some provinces also offer home-buying programs.

LAND TRANSFER TAX REBATES

First-time homebuyers in Ontario, British Columbia, Prince Edward Island and the city of Toronto can apply for land transfer tax rebates. The rebates are available on the provincial and municipal levels, depending on where the property is located. The maximum rebate amount is $4,000 in Ontario and $4,475 in Toronto, while the rebate amount in British Columbia varies depending on the purchase price of the property. To qualify, the buyer must be a Canadian citizen or permanent resident and must be purchasing their first home. The amount of the rebate varies depending on the purchase price and the location of the property.

CONSULT WITH A PROFESSIONAL

With all these incentives available, it is important to note that eligibility requirements, program details, and availability may vary by province or territory. If you’re interested in one of the above options, consult with a financial advisor or mortgage professional to determine which programs you may be eligible for, and the ones that best suit your needs.

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.

– PORT

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

5. PRECIDIA 520 Cottonwood Ave 604-422-0080 precidiabyledmac.com

6. ALINA 604-259-8626 ownalina.com

7. SOL Como Lake Ave & Robinson 604-937-9688 solexperience.ca

8. DWELL Smith Ave & Clark Rd dwellbyanthem.com

9. QUEENSTON 3431 Queenston Avenue 604-259-7178 queenstonliving.ca

10. GARDENA 635 Gardena Drive gardenaliving.com

11. FRASER MILLS 2 King Edward Street frasermills.com

12. DEBUT | FRASER MILLS 2 King Edward Street debut.frasermills.com

13. LODANA 601 Rochester Avenue liveatlodana.com

MAPLE RIDGE

14. PROVENANCE 11295 Pazarena Place 604-467-2285 polyhomes.com

15. CREST KANAKA SPRINGS 25024 112 Ave 604-405-1903 kanakasprings.com

MAXIMALIZE THE VALUE OF YOUR HOME

THROUGH AN APPRAISAL

When you are purchasing a home or refinancing your mortgage, the lender will require an up-to-date assessment of your property’s value and an appraisal may be required.

Before the lender can approve the loan and the amount borrowed (with a mortgage and/or a home equity line of credit) they need to confirm the current market value of the property being financed.

The appraiser’s responsibility is to check the general condition of the home and determine the current comparable market value based on other homes like yours in the same area.

The following are some helpful steps that will allow you to enhance your home’s appraisal value and ensure you get the highest possible market value.

• Clean up: Remember that the appraiser will assess your property’s value based on its appearance. Treat the appraisal as if it is an open house. Thoroughly clean and declutter every room, vacuum, and scrub to make it as presentable and appealing as possible.

• Enhance curb appeal: First impressions matter during an appraisal. Spend some time to ensure the outside of your property, from the driveway and entrance to the front steps, is clean and inviting. A well-maintained exterior can make a world of difference.

• Ensure visibility: The appraiser must be able to see every room of the home, no exceptions. Refusal to allow an appraiser to see a room can cause issues and potentially jeopardize the mortgage approval. Address any issues in advance to grant the appraiser full access to your home.

• Highlight upgrades and features: Communicate any improvements or special features to the appraiser. Create a detailed list, covering everything from plumbing and electrical updates to new flooring and appliances. This way they have a reference as to what has been updated and how recent or professional the work was done.

• Be mindful of upgrades: While kitchen and bathroom renovations are popular, they can be costly. Consider cost-effective changes such as fresh paint, updated light fixtures, plumbing improvements, and new flooring to give your home a fresh look without overspending.

• Know your neighbourhood: You have a better understanding of your neighbourhood than the appraiser. Research similar homes in your area to determine their sales prices. This

knowledge will serve as a reference point in case your appraisal falls short, allowing you to discuss your property’s value based on local examples.

• Be courteous: Appraisers aim to complete their work efficiently. Avoid asking them too many questions or making comments. Instead, be prepared to answer their questions once they have finished their assessment. That would be the right time to address any concerns you may have.

Speak with a professional mortgage expert if you have any questions about your existing home, mortgage or if you are looking to sell or buy a new home.

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

FIND YOUR NEXT HOME

PREVIEWS & REGISTRATIONS

BURQUITLAM PARK DISTRICT

Home type: Condominiums

Developer: Intergulf

On the map: Coquitlam Web: burquitlamparkdistrict.com

Info: A defining collection of studio, one-, two- and three-bedroom residences. At the crossroads of energy and serenity, at the junction where the vibe of the city and natural peace meet, a world unlike any other awaits you. Set in Metro Vancouver’s fastestgrowing city centre, Burquitlam’s newest master-planned community will redefine the skyline and create an incredibly vibrant and connected place to call home. Register today.

RILEY PARK

Home type: Townhomes

Builder: Mosaic Homes

On the map: Coquitlam Web: mosaichomes.com/property/rileypark

Info: Three- and four-bedroom-plus-den family-friendly townhomes have a brand-new 3.5-acre park as a backyard. Homes feature fresh floorplans and a new interior look and feel featuring rich navy, oyster grey and white colour schemes. Riley Park also has a number of nearby parks and trails, including Traboulay Trail, where you can hike, bike or run along the Pitt River, and Victoria Park, with its big, open greenspace, full-sized multi-sport court, skate park and playground. Register today.

THE LOOP

Home type: Townhomes

Builder: Gramercy

On the map: South Surrey Web: gramercy.ca/home/the-loop

Info: Spanning an incredible city block, The Loop is a carefully designed communitywithin-a-community in the heart of South Surrey. Offering two-, three- and fourbedroom townhomes in a lush, tree-filled setting right in the middle of it all. When you step inside a Gramercy home, know that every element has been designed around you, with spaces that are both beautiful and functional. Register now.

THE PACIFIC

Home type: Condominiums, townhomes

Developer: Grosvenor

On the map: Vancouver Web: grosvenorpacific.com

Info: The Pacific’s architecture reflects a desire for quiet sophistication that commands attention without extravagance. On the tower’s north and south facades, a sleek curtain of floor-to-ceiling windows lends a clean, elegant finish. On the east and west facades, deep balconies in shades of white and grey create a sense of movement

and texture from afar and below. Refined materials inside each home include wideplank engineered hardwood flooring and natural stone. Register now.

WESTBROOKE

Home type: Single-family and row homes

Developer: Foxridge Homes

On the map: Langley Web: foxridgehomesbc.com/communities/ westbrooke-at-willoughby

Info: Phase 3, three- to six-bedroom single-family and non-strata row homes now available. Inspired interiors include large windows, laminate flooring on the main level and handset ceramic tile on the bathroom and laundry room floors. Primary ensuites have a frameless glass shower and a freestanding tub (plan specific), while kitchens have soft-close cabinets with under-cabinet lighting and a stainless-steel appliance package. Register now.

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

11. FORM 1558 West 6th Ave formbyanthem.com

12 PARK 1698 West Georgia Street anthemproperties.com

13. GRYPHON NOVA Oak & 67th 604-620-8295 gryphonnova.com

14. ITALIA

LEASEHOLD STRATA LIVING

A VIABLE, VIBRANT ALTERNATIVE TO FREEHOLD

Although leasehold strata is a time-honoured tradition in many areas of the world, in BC, it remains something of a rarity. It’s seldom discussed, frequently misunderstood, and often perceived as a second-best alternative to freehold or fee simple.

Today, the popularity of strata leasehold is on the rise, especially with the increasing number of First Nation properties currently under development.

There’s also one potential bonus that’s easy to overlook. Sometimes leasehold creates an opportunity to live in places you wouldn’t be able to live otherwise. For example,

at UBC, there’s virtually no freehold land and at SFU, there’s none. If you want to be part of the campus lifestyle, leasehold is a way to be able to do it.

In this issue, NextHome chats with Richard Bell, principal at Bell Alliance, about some of the myths and realities of the leasehold market.

New Home + Condo Guide: Is leasehold recognized as a valid form of homeownership under the regulations of BC’s Condominium Act?

Richard Bell: Yes, part three of the Condominium Act specifically addresses strata leasehold properties.

New Home + Condo Guide: So, a leasehold development is effectively the same as a freehold in terms of getting a mortgage or leaving the property to a beneficiary of your will?

RB: Exactly. You’ll also be subject to paying property tax the same as other types of homeownership. One difference worth noting, though, is that if your lease is with First Nations, there is a different land title registration process.

NH+CG: Are there different types of leasehold properties?

RB: Leases are either prepaid, meaning the cost is built into the

purchase price with no further payments until that lease expires, or they’re non-prepaid, meaning the owner will have a monthly lease payment in addition to strata fees and any mortgage they’re carrying. Most, but not all leases today are prepaid for a certain amount of time—usually 99 years.

NH+CG: What happens at the end of the lease term?

RB: The property title reverts to the owner. Depending on the lease,

there may be a right of renewal. However, where there is no right of renewal, there may be the ability to negotiate an extension such as what is currently taking place with the city of Vancouver on the False Creek leaseholds.

NH+CG: There is a fair amount of anecdotal information suggesting leasehold properties appreciate at roughly the same rate as freehold, especially well-located, well-designed condos from a quality builder. Is that true throughout the entire lease period?

RB: If you’re thinking about a leasehold purchase, you need to consider how close your “expiry date” is, because as you approach the end of the lease, the value of your asset will go down. If you’ve just bought a new home with a 99-year

lease, there’s obviously not going to be much impact on the value, so yes, it will appreciate. But in an area like South False Creek, where some leases are expiring in the next few years, there’s a significant impact on marketability and price.

NH+CG: Any final thoughts?

RB: In Vancouver, some of the most valuable properties are leasehold owned by the city or the school board. And now the trend of building quality homes in partnership with First Nations is going to increase the prominence of this homeownership into focus—which is a good thing.

Richard Bell is the founding partner of Bell Alliance LLP, a board member of Small Housing BC and World Housing, as well as a past board member of the Arts Club Theatre. Visit bellalliance.ca to learn more.

Richard Bell

SOUTH SURREY – WHITE ROCK

1. ALTUS WHITE ROCK 1526 Finlay Street 778-294-7794 altuswhiterock.com

2. THE BOROUGHS 2070 Oak Meadows Drive 604-531-6767 theboroughs.ca

3. DOUGLAS GREEN 358 - 175A Street 778-862-8002

4. SOUTHAVEN 3300 King George Blvd. 778-551-1856 southvaven.ca

5. THE LANDMARK AT FOSTER MARTIN 1475 Foster St 604-531-7111 fostermartin.ca

6. MONACO 1545 Johnston Road 604-531-8238 liveatmonaco.ca

TRENDING NOW

6 COMMON MISTAKES EVERY BUYER SHOULD BE AWARE OF

https://bit.ly/3HhEnoV

FIREPLACE OPTIONS FOR ANY RESIDENCE

https://bit.ly/3HwVqn5

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RICHMOND

NORTH DELTA

RICHMOND

1. MINORU SQUARE 5740 Minoru Blvd thind.ca/minorusquare

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

5. GALLERIA 8555 Capstan Way 604-233-7748 concordgalleria.com 1

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. SOUTH VILLAGE AT LATIMER VILLAGE 20018 83A Ave 604-371-0698 vestaproperties.com

ABBOTSFORD

13. THE RAIL DISTRICT 2774 Montrose Avenue 604-850-0040 raildistrict.ca

DEDICATED TO EXCELLENCE

THESE BUILDERS AND DEVELOPERS ARE PROUD OF THEIR COMMITMENT TO EXCELLENT CUSTOMER SERVICE AND CREATING GREAT COMMUNITIES

NORTH SHORE

1. PARK WEST 1633 Capilano Road parkwestliving.ca

2. EXECUTIVE ON THE PARK 660 Clyde Avenue 604-926-2398 executiveonthepark.com

3. HAWKSLEY 3963 Uplands Way liveathawksley.com

4. BADEN PARK 904 Lytton Street badenparkbyanthem.com

5. 1331 AMBLESIDE RESIDENCE 1331 Marine Drive 1331Ambleside.com

6. WESTON PLACE 2195 Gordon Avenue westonplace.ca

SQUAMISH

7. BRITANNIA BEACH

BC 99 & Copper Dr 604-980-0016 britanniabeachliving.com

8. SEA AND SKY 604-559-7918 hellosquamish.com

9. REDBRIDGE 1606 Scott Crescent redbridgesquamish.com

10. FINCH DRIVE 1050 Finch Drive 778-990-1129

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

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

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

Bordeaux HR bordeauxliving.ca Call

Byrnepark LR/TH 604-228-8530 Now Selling

Cedar Creek MR 604-529-8868 Call

Concord Brentwood HR 604-435-1383 Call

Concord Greenhouse HR 604-435-1383 Coming Soon

Concord Metrotown HR concordmetrotown.com Coming Soon

The City of Lougheed 2 HR 604-328-7128 Call

Contour Metrotwon HR contourmetrotown.com Coming Soon

Eclipse Brentwood HR thind.ca/eclipse Coming Soon

Lumina HR/TH luminabrentwood.com Coming Soon

Highline Metrotown HR highlinemetrotown.com Call

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 moonlightsonata.ca 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

Riviera HR rivierabyledmac.com Coming Soon

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

Vista Green at the Falls TH vistagreenliving.com 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 Coming Soon

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

Linc MR livingatlinc.com Coming Soon

Lodana MR/TH liveatlodana.com Coming Soon

The Oaks LR theoakscoquitlam.com Call

Precidia HR precidiabyledmac.com Coming Soon

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 Call

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

The Madison LR madisonresidencs.ca Coming Soon

Peregrine LR 604-943-6677 Call

Southlands SF/TH/LR discoversouthlands.ca Call

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

Aldergrove Town Centre LR atcliving.com Coming Soon

Ashton TH astonliving.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

Eliza at Royal Bay TH elizacondos.com Coming Soon

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 778-686-8572 Call

Latimer Heights SF/DU/RH/TH 604-371-0698 Call

Madewell TH madebygatehouse.com Call

Mayfair TH 604-560-0272 Now Selling

The Towers at Latimer Heights TH 604-371-1669 Call

Union TH 604-593-5251 Coming Soon

Unison LR unisonlangley.ca Coming Soon

Westbrooke RH 604-385-3540 Call

MAPLE RIDGE

Bridle Ridge SF mstarhomes.com Call

Crest Kanaka Springs SF kanakasprings.com Call

ERA LR 604-239-1898 Call

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 westminsterplateau.ca Coming Soon

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

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

Estella LR 604-375-7626 Call

Hawthorne LR hawthornbyotivo.ca Coming Soon

PORT MOODY

Anchor LR 604-343-7719 Call

Bayrock Terrace HR bayrockterrace.ca Now Selling

Chroma LR 604-813-2547 Call

The Grande HR 604-552-0552 Now Selling

Hue HR 604-461-3445 Now Selling

RICHMOND

Atmosphere HR Atmosphereliving.ca Call

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

Prima HR liveatprima.com Coming Soon

River Green MR 604-233-2633 Call

Spires Road Townhomes TH southstreet.ca Coming Soon

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

Finch Drive TH 778-990-1129 Register Now

Highline TH/DP 604-757-5550 Now Selling

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

Insignia LR experienceinsignia.com Coming Soon

Jasper TH liveatjasper.ca Register Now

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

PURA LR 604-681-4800 Now Selling

Sequoia HR sequoiawestvillage.ca Now Selling

Silva HR silvasurrey.com Coming Soon

Unison LR 604-498-2505 Coming Soon

Woodward TH 604-831-0307 Call

Westwood TH westwoodtynehead.ca Now Selling

VANCOUVER & AREA

DOWNTOWN

1335 Howe HR 604-689-8535 Call

Bailey LR liveatbailey.ca Register Now

Block HR 236-471-4834 Call

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

Marco Polo HR marcopolobygryphon.com Register Now

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

2550 Garden Drive LR 2550gardendrive.com. Now Selling

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

Format by Cressey TH info@formatbycressey.com Now Selling

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

Boden TH 604-369-4265 Move-In Ready

Carven LR kerrisdalebykenstone.com Coming Soon

Chelsea by Cressey MR 604-805-1804 Now Selling

Claridge House HR 604-941-8305 Register Now

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

Lilibet LR 604-879-0030

Oak +52 TH 604-828-7352

Oku 64 Oak

LR okuliving.com Coming Soon

Ortus LR ortusliving.com Coming Soon

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 Now Selling

York TH yorkvancouver.com 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

Weston Place LR westonplace.ca Register Now

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 Now Selling

King & Crescent LR 604-560-0272 Call

Landmark at Foster Martin HR fostermartin.ca Coming Soon

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

NOTE: Pricing is subject to change; please contact the specific development for more up to date details or special promotions.

5% DEPOSIT

5% GST CREDIT *

5% BUYER CREDIT *

COME & SEE BURNABY’S BEST VALUE

Steps from the SkyTrain, impressive amenities, stunning features and finishes, and now incredible savings - these homes eclipse anything else you’ll find in Brentwood.

Presentation Centre: 5549 Kingsway, Burnaby Open 12-5pm Daily (except Fridays) 604-451-3636

FROM $594,900 | Studios

| 1 Bedrooms

| 2 Bedrooms

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