WEST COAST CONDO Fall 2017

Page 1

W

E

S

T

C

O

A

S

T

Showcasing the best of condo living in the Lower Mainland

Fall 2017

THE NEW

ICONS ARCHITECTURAL JAW-DROPPERS TRANSFORMING OUR SKYLINES | 18

JUST ADD PEOPLE The rise of the masterplanned community in Metro Vancouver

MID-CENTURY MAGIC Check out this gorgeous condo in a South Granville landmark

10

22

wccondo.com

IN THE MOOD Make your condo décor and accessories all about the fall

26


A NEW PERSPECTIVE FOR THE

NORTH SHORE ES M HO LE G IN LAB Z A M AVAI A 0 3 TILL S COMPASS IS NORTH SHORE’S BEST VALUE • AT THE HEART OF LYNN CREEK –NORTH VANCOUVER’S MOST EXCITING NEW MASTER PLANNED COMMUNITY • CONCRETE LUXURY HOMES WITH SWEEPING VIEWS OF DOWNTOWN VANCOUVER AND THE NORTH SHORE MOUNTAINS • AIR CONDITIONING & TRIPLE GLAZED WINDOWS • IMMEDIATE ACCESS TO UNRIVALED NATURAL BEAUTY AND RECREATION. • ALL JUST 12 MINUTES FROM DOWNTOWN VANCOUVER

FEATURING

THE DENNA CLUB A 14,000 SQ FT PRIVATE AMENITY CLUB FEATURING 25-METER INFINITY LAP POOL, FULLY EQUIPPED FITNESS CENTRE, HOT TUB, STEAM, SPA AND DEDICATED YOGA ROOM

FEATURED VIEW HOME

23RD FLOOR - SOUTH FACING VIEW 2 BEDROOM, 2 BATHROOM - $805,900

604.980.5000 SEYLYNN.CA

600 MOUNTAIN HIGHWAY, NORTH VANCOUVER. OPEN 12 – 5PM DAILY.

THIS IS NOT AN OFFERING FOR SALE. ANY SUCH OFFERING MAY ONLY BE MADE WITH A DISCLOSURE STATEMENT E.&O.E. PRICES AND PROMOTIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. SOME CONDITIONS APPLY.



M ES S AG E

F R O M

T H E

E D I T O R

Getting into those fall feels looky-loo around a condo inside a South Granville architectural icon (and what a great location to enjoy kicking up the leaves). Speaking of architectural icons, there is a host of incredible condo building designs proposed or under construction across the Lower Mainland. From the twisting tower of Vancouver House to the dripping terraces of Cascade City in Richmond, these are buildings that are set to transform our skylines. The fall season is a great time for community get-togethers –

W

ho doesn’t love this time of year, when the air clears and the leaves turn crisp and golden? Fall always makes me feel like nesting in my West End condo, cozying up with a blanket and a book and gazing out at the turning trees.

This edition of West Coast Condo embraces the change in season with a selection of gorgeously autumnal products in our “WCC Loves…” article to get you and your condo in the right mood. We also have a stunning home tour that gives you a

especially Halloween, of course. We thought it was past time we took a closer look at the rise of the masterplanned community in Metro Vancovuer, and why so many people are choosing to live in these communities rather than individual condo developments. As ever, we also analyze the condo and townhome markets in each of our region’s cities, to give you an insight into upcoming developments and resale activity. We hope you love this edition of West Coast Condo, and happy fall!!

Joannah Connolly Editor-in-Chief West Coast Condo Joannah Connolly is the editor-in-chief of West Coast Condo and Western Investor newspaper, and is the editor and content manager of Real Estate Weekly and REW.ca. She appears regularly on radio, TV and conference panels discussing the Vancouver real estate market.

OUR CONTRIBUTORS Sarah Ripplinger

Jill Lunde

Sarah Ripplinger is a writer, journalist, editor and marketing communication professional based in Vancouver. Her work spans from cover stories in community newspapers, to science writing and strategic planning and community engagement for local organizations. Contact her via www.srmar.com.

Vancouver born and bred, Jill Lunde has been writing on BC’s housing sector for many years. She’s old enough to remember when there was no rapid transit and no one lived (or wanted to live!) downtown. She lives with her husband, son and 20-year-old cat in a townhouse on the Fraser River.

Susan M Boyce

Michelle Hopkins

Susan M Boyce is a Vancouver-born journalist who’s spent over 20 years writing about the local residential real estate scene. In addition to being a regular contributor to West Coast Condo and Real Estate Weekly, she is the author of the book Old Landmark, New Life: the Story of the Historic Bose Family Farm.

Michelle Hopkins is a freelance writer based in Vancouver, BC. She has extensive newspaper, magazine, web and corporate writing experience. Michelle has always had a passion for interior design, so being able to write about renovations and home décor is the perfect fit.

The spring/summer 2017 edition of West Coast Condo erroneously attributed the article “Old charm, new life” in the byline to Stephanie MacDonald. The article was in fact written by Susan M Boyce. We apologize for the error.

W

E

S

T

C

O

A

S

T

Showcasing the best of condo living in the Lower Mainland

wccondo.com

4

WEST COAST CONDO

PUBLISHER: Janai York

ADVERTISING SALES: 604.439.2647

EDITOR-IN-CHIEF: Joannah Connolly

DISTRIBUTION: 604.435.7977

SALES REPRESENTATIVES: Tracey Aussem, Lynn Fry, Jackie Mollenhauer, Igor Pogorelo

FAX: 604.439.2630

PRODUCTION: Darko Isic, Peter Gallagher DESIGNERS: Arslan Sultan, Luz Meza

EMAIL: salessupport@rew.ca VANCOUVER HEAD OFFICE: 303 West 5th Avenue, Vancouver, B.C. V5Y 1J6

COPYRIGHT: West Coast Condo is published quarterly by Real Estate Weekly Partnership. Copyright 2017. While every effort is made to ensure the accuracy of articles and advertising that appear in each edition of West Coast Condo, the publisher may not be held responsible for any errors or omissions that may from time to time occur. No part of this publication may be quoted or reprinted in any medium without the express writtenpermission of Real Estate Weekly Partnership.

Rea l Estate W eekly

WCCONDO.COM


OV E R LOOK I N G T H E BAY CO M I N G TH I S FALL R EG I STER N OW TO B E TH E FI RST TO K N OW SEMIAHBYMARCON.CA The White Rock home you’ve been waiting for has finally arrived. Semiah by Marcon is a boutique collection of 88 spacious 2 and 3 bedroom concrete homes filled with views that are impossible to take for granted. From sunrise to sunset, gaze out at Semiahmoo Bay and contemplate what you might enjoy next. A day on the water, a stroll by the beach, a meet up with friends along the strip — the possibilities are as wide as your outlook.

This is not an offering for sale. Any such offering can only be made with a disclosure statement. E. & O.E. Marcon Thrift (GP) Ltd.


FALL 2017

I N

T H I S

W

I S S U E

E

S

T

C

08

O

A

S

18

T

10

WCC LOVES… FALL-INSPIRED CUSHIONS, CANDLES, CABINETS AND COFFEE CUPS

10

THE RISE OF THE MASTERPLAN WHY BUYERS – AND DEVELOPERS – LOVE A COMMUNITYWITHIN-A-NEIGHBOURHOOD

16

08

WCC COMMUNITY LET’S GOSSIP ABOUT THE INDUSTRY’S HOTTEST SUMMER SOCIALS

18

THE HEIGHT OF BEAUTY AN AWE-INSPIRING LOOK AT THE ARCHITECTURALLY ICONIC TOWERS SET TO TRANSFORM OUR SKYLINES

22

INSIDE AN ICON A RARE PEEK INTO A JAMIE PRYDE-DESIGNED HOME IN A MIDCENTURY MODERN LANDMARK

26

FALL FEELS OUR EASY TIPS FOR GETTING YOUR CONDO DÉCOR IN AN AUTUMNAL MOOD

22 city snapshots

6

WEST COAST CONDO

vancouver 28 / burnaby 29 / north shore 30 / new west 31 richmond & south delta 32 / surrey 33 / tri-cities 34 WCCONDO.COM



D ES IG N

I N S P I R AT I O N

WCC LOVES... C U S H IO N S , C U P S , CA BIN E TS A N D CA N D L ES – B R IN G O N FA L L ! by Noa Nichol

WHEN ONE CONSIDERS all the wonderful things about fall – coloured leaves, cosy sweaters and pumpkin spice everything – the end of summer doesn’t seem so bad. From pumpkin to pillows, here’s what we’re obsessed with at West Coast Condo right now.

Verdera Lighted Medicine Cabinet Let there be light! With days getting shorter and natural light waning, this Kohler cabinet with bright vertical LED lights, built-in electrical outlets and a pullout magnifying mirror makes early-morning grooming, well, illuminated.

$1,383 | Kohler Signature Store, 1606 West Broadway, Vancouver kohlersignaturestorevancouver.com

Turning-Leaf Pillow Covers Just like magic, new autumn-themed cushion covers can take a space from summer to fall. These offerings from Indigo – in a range of patterns like little acorn, gilded leaf or forest fauna – make a cosy addition to a sofa, bed or chair.

From $39.50 | Chapters Indigo, 2505 Granville Street, Vancouver chapters.indigo.ca

Espresso Cups With Stand Though coffee is a year-round drink (in our books, at least), there’s nothing like a hot cuppa first thing on a chilly fall morn. This set of four muted-tone espresso cups make drinking your java a pleasure, and come with a stand for space-saving stacking, to boot.

$7.99 | HomeSense, 491 West 8th Avenue, Vancouver homesense.ca

Sadie Accent Chair Small spaces, too, deserve grand ideas. Enter this Canadian-made retro-chic velour chair by Mobilia, imagined in collaboration with design guru Gillian Segal and featuring a narrow design easy to squeeze into any space and an ultra-high back perfect for relaxing with a blanket and a book.

$1,569 mobilia.ca

Pumpkin Chai-Scented Candle What would fall be without a little pumpkin spice? Nest’s pumpkin chai collection includes reed diffusers, liquid soap and this classic scented candle to create a cosy autumn ambiance with a blend of wild pumpkin, spicy masala chai, cardamom, ginger and cinnamon.

$40 | Nordstrom, 799 Robson Street, Vancouver shop.nordstrom.com

8

WEST COAST CONDO

WCCONDO.COM


NOW SELLING INSPIRED MODERN ELEGANCE An exclusive limited collection of just 18 single family homes located in South Surrey’s highly coveted Orchard Grove neighbourhood. Distinctive craftsman inspired design and premium finishes throughout. Sales centre and fully furnished showhome open daily 12-5pm (closed Fridays) DEVELOPED BY

MARKETED BY

2511 168 Street, South Surrey orchardgrovecollection.com 604-454-8654

26th Ave

24th Ave

168th Street

Sales centre and showhome

15 HWY


M A S T ER P L A N N ED C O M M U N I T I E S

RISE OF THE MASTERPLAN

T

o day, c o n d o r esid en t s ca n l i v e w i t h fa n ta s t ic a m eni t i es – b u t h ow d o d e v elo p er s m a k e m a st er pl a n s wo r k ?

Arial view of River District Vancouver.

10

WEST COAST CONDO

WCCONDO.COM


M A S T ER P L A N N ED C O M M U N I T I E S

by Sarah Ripplinger

W

andering through a city within a city presented a conundrum for Phillip Seymour-Hoffman’s character in the 2008 movie Synecdoche, New York. But for many residents in Metro Vancouver, it’s a welcome opportunity to call a new community home. “Usually when you buy into a masterplanned community, there are more facilities [than a single-building project],” says Grace Kwok, marketing agent for Pinnacle International and vicepresident of Anson Realty. “In the case of The Pier, [a Pinnacle International masterplanned community in North Vancouver], there is a hotel among all the buildings, and the city, in conjunction with private owners, are creating a skating rink, which is under construction right now.” Residents of the currently preselling Cascade at The Pier – the 80%-sold final two of 10 condo developments in this masterplan that soft launched in July 2016 – have access to a yoga studio, 25-metre pool, fitness club and executive meeting rooms, among other amenities. They are also steps away from the Lonsdale Quay market and ferry terminal, along with countless restaurants, cafes, entertainment venues, shops and a soon-to-be-built 700-foot pier.

Renderings of the Cascade at The Pier – the last two buildings at the waterfront

A BRIEF HISTORY OF MASTERPLANS The concept behind masterplanned communities date back to the 1800s when Sir Ebenezer Howard proposed limiting the size of new towns and situating them within belts of agricultural land and greenery. This concept informed some of the complete communities and smart growth initiatives that have gained popularity in recent years. They also address the problems associated with sprawl and a reliance on the personal automobile by situating residences close to shopping, transit hubs and other amenities. Masterplanned communities take these concepts one step further by integrating recreation facilities, businesses, parks, schools, car sharing and other amenities right into their design. The first masterplanned community came into being in the 1960s after Robert Simon purchased 6,750 acres of land to build the Reston, which continues to be a community within Fairfax County, Virginia, today.

WCCONDO.COM

WEST COAST CONDO

11


M A S T ER P L A N N ED C O M M U N I T I E S

The City of Lougheed (above) and The Amazing Brentwood (below)

“Masterplanned communities are about finding the right location,” notes Kwok, as well as building a community with an appealing ambiance and multiple ways for residents to break the ice and interact with one another.

Why masterplan? One of the reasons that masterplanned communities have become an increasingly popular option for developers is because of a dearth of available land in Metro Vancouver, says Brad Jones, director of development with Wesgroup Properties. When a large parcel of land becomes available, the new norm is for one developer or group to purchase the entire lot and build it into a masterplan, as opposed to individual buildings. “It’s a very different project horizon from doing just one development,” adds Jones. “Having the land as an asset to

12

WEST COAST CONDO

develop over a number of years is critical.” It often costs developers more to build masterplanned communities because of the additional amenities, but buyers and renters are willing to pay a premium for access to recreation facilities, public transit, carshare options, employment opportunities, schools, retail, grocery stores, child care facilities and a plethora of additional services within walking distance. At the same time, people who buy or rent during the early stages of a development can end up with a great deal. Wesgroup’s River District Vancouver masterplanned community – a 130-acre waterfront community at Marine Drive and Boundary Road – has received “extremely high demand,” notes Jones. “Almost all of the units under construction are sold,” and Jones expects

A MASTERPLAN IS NOT... It can be confusing to distinguish between a masterplanned community and other large developments. So, let’s be clear, it’s not: Q

A subdivision, which is an area of land divided into housing lots.

Q

An area of a city, such as a downtown core, which may be close to many useful amenities, but is likely not owned by one developer and built out as one single project.

WCCONDO.COM


M A S T ER P L A N N ED C O M M U N I T I E S

units in their third collection of residences at Avalon Park, which will be pre-selling in fall 2017, will be equally sought after. “We build them in years, and sell them in months,” he admits. In total, the development is expected to have 7,000 homes and over 500,000 square feet of commercial space.

A mix of housing options

WCCONDO.COM

An exterior shot of Fremont Living apartment building that has one-, two- and three-bedroom apartments available for rent this fall

Most masterplanned communities have diverse housing options in mind, such as a mix of one-, two- and threebedroom market condos and townhomes, and sometimes rentals. In River District Vancouver, over 40% of homes are two- and three-bedroom units, which is why you find so many young families and couples living there, says Jones. Some 20% of units will be affordable housing secured by the City of Vancouver. As well, their Fraser Flats development will be pre-leasing 269 rental homes in fall 2017. Diverse housing options strengthen the community element, according to Geoff Duyker, senior vice-president of marketing with Mosaic Homes. At Fremont – a masterplanned community at 538 Seaborne Place, Port Coquitlam – you’ll find young moms swimming with their kids in the pool, youth on summer break playing basketball in the gymnasium and retirees and young professionals chatting in the Riverclub or strolling along Pitt River near Dominion Park. “We have annual Halloween costume parties, Easter egg hunts, Christmas tree lighting ceremonies,” says Duyker. “When you’re coming to a new community, you want to see those types of things, and developers need to engineer them… and bring people together in a place where tradition can take root.” Fremont’s market townhomes and apartments are sold out, but the community is currently pre-leasing one-, two- and threebedroom rental apartments in

“We have annual Halloween costume parties, Easter egg hunts, Christmas tree lighting ceremonies” – Geoff Duyker, Mosaic Homes

its Fremont Living building, with a move-in date of fall 2017.

Community partnerships The scale of some masterplanned communities makes it no surprise that developers often work with local governments when planning their design. Take The City of Lougheed – Canada’s largest new masterplanned community with a footprint of 40 acres at Lougheed Highway and Austin Avenue in Burnaby – and its sister property, The Amazing

Brentwood at Lougheed Highway and Willingdon. “These masterplans were born over 30 years ago with the City of Burnaby’s vision for four major town centres connected by rapid transit,” explains Darren Kwiatkowski, executive vice-president, acquisitions and development with Shape Properties. “We’ve worked alongside the City of Burnaby on a plan to serve the community, support sustainable growth and create true destinations for the region.” Within close proximity to

SkyTrain lines and an on-site transit plaza, Phase One of The City of Lougheed will offer up 1,350 market homes, 230 rental homes and 1.3-million square feet of retail space. Previews for their Tower 2 begin this fall, and the complete development is slated to erect 23 residential towers with over 10,000 new homes by 2021. Tower 5 of The Amazing Brentwood is scheduled to come to market in 2018. The complete development will sit on 28 acres of land and include over 6,000 homes and more than 11 residential towers.

WEST COAST CONDO

13


REAL ESTATE PROFESSIONALS IN EVERY WAY, EVERY STEP OF THE WAY. The unrivaled professionalism you get with Dexter Associates Realty is how we work. Propelled by authentic real estate expertise in desirable and luxury properties (and everything in between), Dexter is one of the leading independent brokerages in the Lower Mainland, with a strong group of management and Realtors®. Real estate is our craft, and we know this market better than anyone else.

Buy or sell your next home with DEXTER

WE KNOW GLOBAL! TAKING YOUR LISTINGS ACROSS THE GLOBE! PROUD MEMBERS OF:


604-263-1144 Kerrisdale

604-689-8226 Yaletown

dexterrealty.com

604-263-1144 Main Street


S O C I A L

E V EN T S

WCC COMMUNITY

Lo o k i n g b ac k at a s u m m er o f s o ci a l s i n o u r lo c a l d e v elo p m en t i n d u s t ry

2

1

Urban Development Institute Summer Socials To accommodate its broad reach, the UDI held two July summer socials for its members and industry partners, one at Mahoney & Sons in downtown Vancouver on July 6 and the second for its UDI Fraser Valley members. The latter was hosted at the lovely Tanglebank Gardens nursery in Abbotsford on July 13.

1. UDI Summer Social: This event, jointly hosted by UDI U40 and Women of UDI committees, was open to all UDI Pacific Region members and saw a packed Mahoney & Sons

2. High jinks with props in the photo booth at the UDI Summer Social

3. UDI Fraser Valley Summer Social: Tanglebank Gardens nursery in Abbotsford was the venue on this warm July evening 4. Township of Langley Mayor Jack Froese enjoys the UDI Fraser Valley social with industry guests

MLA Canada Summer Events Local real estate and development marketing giant MLA Canada held two glamorous summer socials. In June the company hosted the inaugural MLA Rockets at The Permanent in downtown Vancouver to celebrate MLA’s brand launch and to reward employees, more than 100 of

16

WEST COAST CONDO

3

4

whom attended. Then in July, MLA opened its doors to clients and industry partners, hosting the annual MLA Canada Summer Social on its downtown Vancouver office patio.

5. MLA Rockets: Cameron McNeill, Executive Director of MLA Canada, introduces the event speakers 6. Senior MLA staff members Irshaad Ahmad, VP of Marketing Operations, and Joey Coupland, Director of Sales, at MLA Rockets

5

6

7

8

9

10

7. MLA Summer Social: Shayna Macquisten, COO of MLA Canada, welcomes developer Richard Wittstock of Domus Homes

8. The MLA team celebrated summer with catering from Homer St. Café: (l-r) Diane Min, Priya Trehan, Danielle Chanpong and Nav Guraya

GVHBA Summer Social August saw another successful GVHBA Summer Social at the Riverview Golf Course Clubhouse. Over 150 members enjoyed a taco bar, speed networking and the now-legendary annual ping pong tournament. Members raised more than $800 in cash for Easter Seals House in Vancouver, which provides accommodation for families of hospitalized children, and many others came forward with donated product for the home’s third-floor lounge and kitchen renovation. To donate, visit http://bit.ly/

DonateEasterSealsGVHBA.

10. Alisa Aragon, Bridgestone

9. Benji Carlson, Breakthrough

Financing Pros; Keith Lloyd, The Business Surgeon; Veronica Ray, Ames Tile & Stone

Academy, Laura Chok, CHBA-BC; Danny Kerr, Breakthrough Academy

WCCONDO.COM


20TH AVE

168TH ST

164TH ST


A R C H I T E CT U R A L D E TA I L S

THE HEIGHT OF BEAUTY Iconic residential buildings in the pipe across Metro Vancover

by Susan M Boyce

T

here’s something endlessly appealing about Metro Vancouver. Perhaps it’s the combination of our temperate climate, friendly ambiance, and the ability to ski, golf and attend world-class theatre all in a single day. But whatever the reason, as befits a

city with an enviable reputation as one of the world’s most desirable places to live, Metro Vancouver’s architecture is rising to new heights… literally. “To be truly iconic, a building must be innovative and futuristic but not trendy,” says local architect Arno Matis. “The Eiffel Tower was like that when it was built. And we’re definitely seeing

this forward looking approach being applied more and more to residential buildings – this is a new era of innovation.” Michael Geller, well-known housing expert and president of The Geller Group, adds that he believes trends to watch in iconic buildings will be the twisting or wavy exteriors seen in projects like Vancouver House and

structures with carefully crafted outdoor spaces designed to encourage social interaction in an urban environment. This issue, West Coast Condo looks at some of Metro Vancouver’s soon-to-be-iconic towers, either proposed or under construction – residences on the leading edge of design and innovation.

LOCATION:

FUN FACT: This physicsdefying tower has three sides at the bottom, but four sides at the top. Ingels describes the tower’s architectural theme as a “total work of art” – or “gesamtkunstwerk.”

Vancouver House, Vancouver Surely the most iconic under-construction tower in the city, this twisting tower is designed by Danish wünderkind starchitect Bjarke Ingels, and is described as the city’s first “super-prime” residential building. Before it began construction, it won the title Future Project of the Year 2015 at the World Architecture Festival. Vancouver House has been (controversially) marketed all over the world, at recordbreaking per-square-foot prices, and is now entirely sold out.

1460 Howe Street, Vancouver DEVELOPER: Westbank ARCHITECT: Bjarke Ingels Group HEIGHT: 49 storeys ON THE WEB: vancouverhouse.ca


One Burrard Place, Vancouver Poised to become the third-tallest tower in Vancouver, One Burrard Place is located in the emerging Beach District and will offer dazzling views over the Burrard Inlet. It will also become home to the flagship Jim Pattison Toyota dealership, and is located on that dealership’s former site.

LOCATION: 1290 Burrard Street, Vancouver DEVELOPER: Reliance Properties and Jim Pattison Group ARCHITECT: IBI Group HEIGHT: 55 storeys ON THE WEB: burrardplace.ca

FUN FACT: Residents will have access to Canada’s first Butler Concierge – staffed by an elite group of professionals trained at one of the world’s top butlering schools. Additional perks will include on-demand access to Alex Chen of Boulevard Kitchen & Oyster Bar for private events, a fashion consultant, event planner, DJ, mixologist and private wine cellars with tasting lounge and sommelier services.

Park Boulevard, Surrey Laying claim to be Canada’s first, interactive illuminated residential tower, Park Boulevard’s façade will be lit by a cascading display of lights that are synchronized to greet each SkyTrain as it arrives at the terminus station of the Expo Line.

LOCATION: 9887 Whalley Boulevard, Surrey DEVELOPER: Concord Pacific ARCHITECT: DYS Architects Inc. HEIGHT: 41 storeys

ON THE WEB: parkboulevardliving.com

FUN FACT: In addition to a stateof-the-art fitness center with yoga/pilates room, residents will have access to one of Concord Pacific’s wildly popular, onsite bowling alleys. To encourage going green, 25 per cent of all parking stalls will include electric vehicle charging station.


Cascade City, Richmond The exterior’s cascading design allows all homes to have larger decks than typically found in Metro Vancouver apartment residences.

LOCATION: Gilbert Road at Elmbridge, Richmond DEVELOPER: Landa Global Properties ARCHITECT: Arno Matis Architects and Rafii Architects

HEIGHT: Two towers, each 15 storeys

ON THE WEB: cascadecity.landaglobal.com

FUN FACT: Innovative boomerang shape creates an intriguing visual as if the entire building is morphing organically from the ground.

Burrard and Nelson project, Vancouver Just approved, this highly anticipated redevelopment will enable Vancouver’s oldest Baptist congregation to remain at the heart of downtown. The 107-year old First Baptist Church will be seismically upgraded and fully restored. New additions will include rental housing, a gymnasium, counseling centre, and a much-needed daycare.

LOCATION: 969 Burrard Street, Vancouver DEVELOPER: Westbank

ARCHITECT: Bing Thom Architects HEIGHT: 57 storeys ON THE WEB: westbankcorp.com

FUN FACT: The architecture’s cylindrical shape is inspired by the church’s organ pipes and has been carefully chamfered at the base to complement and respect the historic church.


1550 Alberni, Vancouver What could have been a simple, rectagonal tower is transformed into a sculptural addition to the Vancouver skyline by carving out two, diagonally symmetric “scoops.” Following Japanese spatial traditions, emphasis is more on creating a unique ambiance and experience than a single point of interest.

LOCATION: 1550 Alberni, Vancouver DEVELOPER: Westbank ARCHITECT: Kengo Kuma Architects and Merrick Architecture HEIGHT: 43 storeys ON THE WEB: westbank.com

FUN FACT: The front entry will include an extensive moss garden that flows into the building’s swimming pool situated above. An upscale, authentic Japanese restaurant is anticipated to be located within the building’s commercial spaces.


H O M E

T O U R

INSIDE AN ICON Gaze with us at this West Side condo in a landmark Mid-Century Modern building, with complementary interiors by Vancouver design darling Jamie Pryde

by Michelle Hopkins

F

rom the exterior, and to the untrained eye, the landmark Hycroft Towers building on Vancouver’s West Side might seem rather plain. Constructed in 1952, the concrete building sits on the coveted corner of Granville Street and 16th Avenue, where the kitchen gardens of businessman and politician Alexander Duncan McRae’s Hycroft Manor once stood. But

22

WEST COAST CONDO

this eight-storey-high, sprawling tower is a prime example of MidCentury Modern architecture – and there are stunning homes hidden between its walls. Inside this modernist icon, with banks of large windows running its length, is one particular such example. It’s a 1,700-square-foot, north-west facing condominium bathed in light and enjoying expansive views of the city, North Shore mountains and the ocean. Purchased in 2012 by a medical professional, it was important

for “Sandy” (the owner prefers to remain anonymous) to preserve many of its mid-century roots. This includes the original wall-towall windows, white oak hardwood floors, guest bathroom’s fixtures and brass hardware. “I restored the balcony, which the former owners had enclosed, to its original look,” she notes. Classic to the era, the condo had great bones but the layout needed a reconfiguration. Sandy’s first move was to flip the floorplan.

WCCONDO.COM


Time to decorate To get the mid-century look she was going for, Sandy called on Vancouver interior designer Jamie Pryde. Taking her cue from the hallway murals by Vancouver’s noted modernist artist, the late Lionel Thomas, Pryde was tasked with “honouring the architecture and structure of the building” while staying true to the tenets of mid-century design – clean, simple, honest lines – but not overly stark. “By layering textures, we created a warm and inviting palette that Sandy was looking for,” Pryde tells WCC. “Fabrics and carpets were chosen in the same tones for a timeless look.” Because Sandy works 10 to 11 hours a day, she also needed WCCONDO.COM

“I reversed the condo because I wanted the focus to be the incredible views. The sunsets are gobsmacking … there’s really no need for dessert,” she says. “Where the kitchen now stands was once the bedroom and bathroom.”

“By layering textures, we created a warm and inviting palette” – Jamie Pryde, interior designer

a home that was calming and comforting. A functional floor plan and a warm palette of grey, blue and white was the starting point in this two-bedroom-and-den residence. Pryde began with the entryway. To offer some sense of division and privacy in its open-concept footprint, he commission metal work designer, Stephanie Dueck, to create a dividing sculpture made of burnished steel. It has become one of Sandy’s treasured pieces. In the living area, a floorto-ceiling built-in shelving unit became a standout feature by

JAMIE PRYDE’S THREE KEYS TO CONDO DÉCOR

1 2 3

Edit. Modern condos typically have a smaller footprint with limited space. Adopt a less-is-more philosophy with accessories and decoration – two to three important pieces make a stronger statement than 10 average ones. Balance. A balanced room is more pleasing to the eye and will feel more harmonious. If space doesn’t allow for perfect symmetry, balance an object like a chair, which is physically large, with a smaller piece that has more visual weight, like a colourful painting. Function. Open-concept living is wonderful, and small-footprint interiors are often allowed to remain clean, expansive and airy, but most of us are busy and therefore tend to clutter. You don’t want a few days of unopened mail or that unwanted decorative gift you received ruin the vibe. Seek out pieces that do double-duty, like extra chairs that fold, tables that have storage, and decorative boxes that give you plenty of function and beauty.

WEST COAST CONDO

23


cladding the shelves with leather and bronzed finished plates. “We had Stephanie create the bronze pieces that fit at the end of each shelf,” says Pryde. Then, for cohesiveness, the showstopper faux concrete wall in the dining room, which mimics the outside of the building, is matched by a concrete console in the entryway. Adhering to his ethos, Pryde sourced out vintage pieces, like the famous American Milo Baughman 1970s dining room chairs, which he had upholstered in a deep blue fabric. Because of Sandy’s fondness for a touch of whimsy and fun, Pryde introduced 1974 cuffed, swivel leather chairs – one in the living room and the other next to the privacy sculpture.

Creating a sanctuary At the end of a busy workday, it was equally important that Sandy have a timeless sanctuary to retreat to at night. “We definitely went a little grander … the master bedroom has the look of a five-star hotel,” Sandy says. The focal point is the plush king size bed, which is anchored by two side tables purchased at Pottery Barn, each flanked by antique mirrors, and two vintage chairs reupholstered in beige. “We softened the bedroom further with a gorgeous wallpaper by New York’s Philip Jeffreys,” notes Pryde. “In the bedroom, as in all of the space, I created a canvas for personal items to

make Sandy’s home her own.” This labour of love for both owner and designer took six months to complete. “Jamie came in and immediately understood the importance of this historic building and his natural pedigree of style showed itself very quickly,” says Sandy. As she looks around her home, this busy professional goes on to say: “This is my respite, where I feel calm after a very demanding day.”

JAMIE’S INSIDE INFO The designer’s favourite places to buy similar pieces Refind on Main: My favourite place to source vintage and small accessories, the staff including the owner, Bart, are some of the most wonderful and knowledgeable people around. It’s my weekly treasure-hunt destination. refindhomefurnishings.com Kate Duncan: If you’re looking for bespoke furniture of heirloom quality, made locally using traditional techniques, ones that are chic as hell, look no further than Kate Duncan. Her studio is open by appointment only, so make sure to call before you visit. kateduncan.ca Livingspace: The best selection of modern classics in the city and you can count on fantastic service every time. The atmosphere is unpretentious and warm, I’m big on vibe. www.livingspace.com Da Vinci’s Home: I leave with something every time, great resource for decorative accessories, lighting and small luxuries. davincishome.ca

24

WEST COAST CONDO

WCCONDO.COM


Thinking of Buying or Selling? We’re ready when you are. Keepin’ it REAL estate since 1988

The Ruth & David Group | RE/MAX Select Realty | 604-782-2083 | info@ruthanddavid.com | www.ruthanddavid.com Team President’s Club Award Top 1% in Greater Vancouver 2013, 2014 & 2016

* Ruth Chuang Personal Real Estate Corporation & Corey Martin Personal Real Estate Corporation*

IN PRINT AND ONLINE Your go-to source for the latest Lower Mainland listings, news and advice

HOMES

LISTINGS • NEW HOMES • HOME SERVICES

WCCONDO.COM

WEST COAST CONDO

25


D ES IG N

I N S P I R AT I O N

FALL FEELS How to instantly transform your interior décor for that autumnal vibe

A

s summer wanes, those of us who love our interiors start thinking about making homes cozy for the fall season. But what if your home doesn’t have fall colours? Here are eight supereasy ways to give your condo that autumnal atmosphere without any radical redecoration…

2

1 1. Throw a cozy throw Many of us have trendy grey or neutral living room furniture that is super-cool in spring and summer, but may need warming up a bit in October. A snuggly blanket with warm, earthy colours is a perfect accessory to do this, and has the added bonus of keeping you cozy through the fall and winter. Go with anything from a touch of brown, like in this photo, right through to deep oranges and reds.

3. Go with texture on beds Whether you’re looking for a feminine or a masculine vibe in your bedroom, it’s so easy to add in layers of texture and colour. Check out the knitted pillows, mixed patterns, red

blanket and fluffy throw in this gorgeous image (and notice the co-ordinating candles!). Or, if you’re warming up a trendy, cool monochrome bedroom, go for full contrast with a shot of red accessories.

4

2. The power of pillows Fall is not only a season of warm colours, but also more intricate patterns. Whereas spring was all light florals and summer was palm prints, now we’re getting into East Indian-style patterns and embroidery. Have a few of these stashed away for fall and winter use, and your living room is transformed. Not into patterns? Just go with blocks of warm colours, to add to or replace your regular coolcolour pillows. If you’re smart, a collection of pillows in various colours will offer you different seasonal looks through the year, depending on the combination.

26

WEST COAST CONDO

4. Change it up

3

Another way to transform your room for a cozier vibe has nothing to do with colours and accessories – and that’s how you arrange your furniture. Even in a condo, there are often alternative layouts to the regular way you position your couch and chairs. If like most people you’re used to having your furniture backed against the walls around the room, try bringing everything inwards so that your seating is clustered around a focal point such as a fireplace. Much cozier!

WCCONDO.COM


5. Keep it natural Fall is all about natural textures, so if your home has a lot of wooden elements, it is already predisposed to look great at this time of year. A faux sheepskin rug, some glowing candles and a bowl of tangerines is all you need to theme your room for the season. Bonus tip: displaying bare branches like in this photo adds to the cooler-season vibe.

5 6. Embrace full Halloween-themed décor If you’re somebody who just adores fall and Halloween, you can easily take it a step further by sprucing up your dark couch with striped orange pillows,

along with orange and black accessories on your coffee table. What’s more, this warm look will still look great when it comes to Christmas time (unless you have some red-and-green-striped pillows for that occasion!)

7. Light up with candles There’s little that creates a cozy ambience better than candlelight, so this is the time of year to invest in some good ones. We often have holiday themed candles in December, but why not buy some in orange, red, green and brown to add that fall feeling to your home until the end of November?

6

7 8. Say it with fall flowers

8 WCCONDO.COM

If you want to do even less work, a vase of freshly cut, perfectly selected flowers in a fall colour scheme will hint at the season, subtly changing even coolcoloured rooms into a warmer space. WEST COAST CONDO

27


CI T Y

S N A P S H O T

VANCOUVER

PRESALES

2

1

3

The best of the city at your doorstep 1. 1555 WEST EIGHTH

2. 1121 Seymour + Davie

3. THE PACIFIC

Developer: Kenstone Properties Address: 1555 West 8th Avenue Housing type: Condominiums Number of units: 20 Number of bedrooms: 3 Square footage: 1,674 to 1,848 Starting price: TBA Current status: Registration Website: www.1555w8.com Info: This development’s creative starting point was imagining a building of penthouses. The result is a collection of extraordinary homes in an intimate neighbourhood on the Burrard Slopes.

Developer: Wall Financial Address: 1121 Seymour Street Housing type: Condominiums and 1 townhouse Number of units: 38 Number of bedrooms: Studios and 1 and 2 bedrooms Square footage: TBA Starting price: TBA Current status: Registration Website: 1121seymour.com Info: A rare collection of homes in a nine-storey boutique building in the heart of Yaletown. Steps to all the amenities you need.

Developer: Grosvenor Address: 1382 Hornby Street Housing type: Condominiums and townhouses Number of units: 214 Number of bedrooms: 1, 2, 3 and 4 Square footage: TBA Starting price: TBA Current status: Registration Website: grosvenorpacific.com Info: A 39-storey tower clad partly in perforated steel that will develop a patina. This development includes the restoration of the former Il Giardino restaurant.

RESALES

Warm weather meets scorching condo demand

M HOT SPOT STORM CROW TAVERN Vancouver’s original nerd bar, the Storm Crow Tavern was opened because its founders saw the need for an easygoing alternative to sports bars. The menu and décor pay homage to such nerd staples as fantasy, sci-fi, and horror. Patrons can embrace their inner nerd through role-play and games.

28

WEST COAST CONDO

assive and unabated condo demand was the big driver of Vancouver’s late-spring and early-summer real estate market. There were 2,459 condo sales between May 1 and August 31 this year (registered as of September 15), which is a significant jump from the alreadyhigh 1,889 seen in the year’s first four months. And of those sales, the median price rose to $700,000, and the median number of days on market for a Vancouver condo was a mere eight days. Townhouses in the city, although representing a smaller segment of

the market, did just as well. There were 338 townhouse sales in Vancouver during the same period, considerably higher than the 248 seen the previous four months, due to the busy spring market. The median time to sell was just 10 days, and the median sale price was just under $1.13 million. Vancouver’s priciest condo to sell during that time was an atypical example. This was a stunning, three-bedroom Yaletown penthouse with incredible views and terraces, which took a surprising 129 days and more than one price drop to eventually sell

for $6,850,000. That is far from its original price of $8.98 million but still $2,577 per square foot, and the highest sale price of all the cities in this period.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

2,459 $700,000 338 $1,127,000

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WCCONDO.COM


CI T Y

S N A P S H O T

BURNABY

PRESALES

2

1

3

An ever-evolving skyline 1. GILMORE PLACE

2. LUMINA BRENTWOOD

3. ARCOLA

Developer: Onni Address:Lougheed and Gilmore Housing type: Condominiums Number of units: 1,563 (Phase 1) Number of bedrooms: TBA Square footage: TBA Starting price: TBA Current status: Registration Website: concordbrentwood.com Info: Gilmore Place is a masterplanned community that will transform Burnaby’s western gateway into an incredible urban hub. Phase 1 includes a 65-storey residential tower — the tallest in western Canada — that will be seamlessly integrated into the local SkyTrain station.

Developer: Thind Address: 2425 Beta Avenue Housing type: Condominiums and townhouses Number of units: 900 Number of bedrooms: 1, 2 and 3 Square footage: 521 to 1,084 Starting price: TBA Current status: Registration Website: www.luminabrentwood.com Info: The Lumina development includes four towers, each with unique designs that reflect elements in the natural world. Each home features an open, plan and large-scale windows to showcase expansive views.

Developer: Kingswood Real Estate Address: 6965 Arcola Street Housing type: Townhouses Number of units: 22 Number of bedrooms: 3 Square footage: 1,449 to 1,496 Starting price: TBA Current status: Registration Website: arcolaliving.com Info: This collection of refined residences features a central location, timeless design and outstanding quality. These classically designed townhomes feature contemporary details, stylish finishes and generous outdoor spaces.

RESALES

Townhome sale growth soaring past highrises

HOT SPOT GLENBURN SODA FOUNTAIN & CONFECTIONERY An afternoon date (whether with a significant other or the kids) is a blast from the past at Glenburn Soda Fountain. This old-schoolstyle soda shop’s décor and menu— yummy, real malts and egg creams— lend it a nostalgic vibe that’s straight out of an Archie comic.

WCCONDO.COM

B

In the presale market, Burnaby may be all about those huge new developments – but in MLS® resales, it’s townhome transactions that are rocketing skywards. There were 254 townhome sales across Burnaby between May 1 and August 31 (registered as of September 15). That may not seem high compared with condo sales, but it’s more than 80% higher than in the first four months of the year. Condos certainly performed

well, too, with demand heating up over late spring and summer to bring the transaction total to 919 units over four months. Just like in Vancouver over the same period, all attached units were being snapped up extremely quickly, with condos selling after just eight median days on market, and nine days for townhomes. Nearly 52% of townhomes and more than 55% of condos sold above list. The unit that sold the most over asking was a one-bed Burnaby North starter condo that

was listed at just $220K, and sold for $308,000, 40% over asking.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

919 $545,000 254 $677,000

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WEST COAST CONDO

29


CI T Y

S N A P S H O T

NORTH SHORE

PRESALES

2

1

3

Urban amenities and outdoor recreation 1. EDGEMONT WALK

2. GREEN ON QUEENSBURY

3. BELLEVUE

Developer: Boffo Properties Address: 1133 Ridgewood Drive, North Vancouver Housing type: Townhouses Number of units: 24 Number of bedrooms: 3 Square footage: TBA Starting price: TBA Current status: Registration Website: www.boffoproperties.com/edgemont Info: Located in the highly desirable Edgemont village community, these family-sized townhomes all have three bedrooms, with the option of a den in some units. Walk to all your favourite shops and amenities and, the great outdoors is also easily accessible.

Developer: Qualex-Landmark Address: 50 Queensbury Ave, North Vancouver Housing type: Condominiums and townhouses Number of units: 161 Number of bedrooms: 1, 2 and 3 Square footage: TBA Starting price: TBA Current status: Registration Website: qualex.ca/green Info: A landmark community spanning an entire city block nestled on the historic and soon to be revitalized Moodyville Park. With the Spirit Trail at your doorstep, you’re easily connected to all the North Shore’s natural amenities as well as Lonsdale’s cultural hub.

Developer: Cressey Address: 2299 Bellevue Avenue, West Vancouver Housing type: Condominiums Number of units: 35 Number of bedrooms: 2 and 3 Square footage: 1,954 to 3,900 Starting price: $4 million Current status: Registration Website: cressey.com/bellevuebycressey Info: Located in popular Dundarave, Bellevue is poised to be one of the most exclusive developments in Metro Vancouver. With only two to three homes per level, each of the luxurious homes offers endless ocean views, and direct access to West Vancouver’s seawall.

RESALES

The newer – and further west – the pricier

HOT SPOT HONEY’S DONUTS What’s a hike to Quarry Rock without a trip to Honey’s Donuts? This Deep Cove gem was made famous by its biggest fan, Kate Winslet, who publicly confessed her love for its melt-in-your-mouth European-style donuts (honey, maple and chocolate are staples, with specialty donuts mixed in). The store also has a selection of lunch offerings.

30

WEST COAST CONDO

T

here were 521 condos and 155 condos trading on the North Shore between May 1 and August 31 this year, registered as of September 15. The median selling prices were significantly up over the previous four months, at $670K for condos and $1.013 million for townhouses. No prizes for guessing that the priciest properties in both the condo-apartment and townhome market were located in swanky

West Vancouver. The two toppriced condo sales were even in the same building, and were contract assignments for 14thand 8th-floor units in the as-yetunbuilt Bellevue by Cressey, in desirable Dundarave. The larger, higher unit went for a cool $6.6 million back in July. The most expensive townhouse, which went for $3.05 million after 33 days on May 1, is a real beauty in the Arthur Erickson-designed Cliffside 4 townhome complex in

Park Royal.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

521 $670,000 155 $1,013,000

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WCCONDO.COM


CI T Y

S N A P S H O T

NEW WESTMINSTER

PRESALES

2

1

3

Downtown sophistication or suburban charm 1. PIER WEST

2. STANLEY GREEN

Developer: Bosa Address: 750 Quayside Drive Housing type: Condominiums and townhomes Number of units: 649 Number of bedrooms: Studio, 1, 2 and 3 Square footage: TBA Starting price: TBA Current status: Registration Website: bosadev.com/waterfront Info: The first of two new towers Bosa has planned for the Royal City’s waterfront, Pier West will rise 53 storeys along the mighty Fraser. This landmark project promises refined living on the most significant waterfront property in Metro Vancouver.

Developer: Elegant Development Address: Derwent Way Housing type: Townhouses Number of units: 80 Number of bedrooms: 2 and 3 Square footage: TBA Starting price: TBA Current status: Pending Website: www.elegantdevelopment.com/ projects/queensborough.html Info: Affordable and family friendly. That’s Elegant’s promise for this townhome development in Queensborough. The spacious units feature high quality finishes giving buyers lasting value and long-term satisfaction.

3. RIVER AT QUEENSBOROUGH Developer: Northwest Development Address: 188 Wood Street Housing type: Townhouses Number of units: 65 Number of bedrooms: 2 and 3 Square footage: 1,425 to 1,531 Starting price: $390,900 Current status: Selling Website: liveatriver.com Info: Looking for exceptional waterfront value? Queensborough is a family-oriented neighbourhood that offers affordability and value and River is no exception. Furthermore, these homes are move-in ready, spacious, and feature modern quality interiors.

RESALES

Making waves on the Fraser River HOT SPOT STEEL & OAK BREWING CO. Step in to the tasting room for a flight of beer, and you’ll understand why this craft brewery is so well loved by New Westies that it sold out of beer for a week in its early days. Since then, Steel & Oak has stepped up production and expanded its line to meet demand.

WCCONDO.COM

G

eographically the smallest of our cityregions in these pages, New Westminster’s condo market is nevertheless packing a punch. With condo-apartment sales up to 510 units in the May 1-August 31 period (compared with 360 the previous four months) and townhome sales up to 78 from 48, these homes are selling like hot cakes. That demand is also pushing prices way up, now at a median

of $468,500 for condos and $668,500 for townhomes – prices New West has never seen. The buyers of New West’s most expensive attached unit will be enjoying 360-degree views from their entire-top-floor penthouse in Uptown’s 258 tower. It sold for $1.43 million, $68K under asking, after nine days listed. But the condo unit that sold for the highest percentage above list was a $200K-listed, one-bedroom unit in Moody Park, which went

for $261,900, more than 30% above list.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

510 $468,500 78 $668,500

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WEST COAST CONDO

31


CI T Y

S N A P S H O T

RICHMOND & SOUTH DELTA

PRESALES

2

1

3

Glitz, glamour and glorious 1. VIEWSTAR

2. MANDARIN WALK

3. JASMINE AT THE GARDENS

Developer: iFortune Address: 6860 Number 3 Road, Richmond Housing type: Condominiums Number of units: 73 Number of bedrooms: 1, 2 and 3 Square footage: TBA Starting price: TBA Current status: Registration Website: glitzrichmond.com Info: Glitz invites you to live brilliantly in the nine-storey residential tower of a mixed-use development right across from Richmond City Hall. Combined with the iFortune Centre, the development occupies a prestigious corner and will include office and retail space.

Developer: Elegant Development Address: 4008 Stolberg Street, Richmond Housing type: Condominiums and townhouses Number of units: 193 Number of bedrooms: 1, 2 and 3 Square footage: TBA Starting price: TBA Current status: Pending Website: www.elegantdevelopment.com/projects/mandarin.html Info: A master-planned urban village in the heart of Richmond, Mandarin Walk’s green features include geothermal heating and cooling and low-maintenance landscape design.

Developer: Townline Address: 10800 Number 5 Road, Richmond Housing type: Townhouses Number of units: 23 Number of bedrooms: 2 and 3 Square footage: 1,218 to 1,628 Starting price: $924,800 Current status: Selling Website: gardens.townline.ca Info: Jasmine is the final phase of The Gardens, a walkable urban village in sought-after South Richmond. Well-appointed, elegant, air-conditioned concrete homes offer luxury finishes and a serene natural environment.

RESALES

Condo sales and prices flying high

K HOT SPOT LING YEN MOUNTAIN TEMPLE Check out this Chinese-palatialstyle Buddhist monastery as part of the Road to Heaven, a tour of the many religious institutions on Richmond’s No. 5 Road. The temple also lights up – with 1,000 special lanterns – during celebrations such as Buddha’s birthday or Chinese New Year.

32

WEST COAST CONDO

nown for their sunny weather and great transportation, Richmond, Ladner and Tsawwassen have seen strong condo and townhome growth – and rising prices to match. There were just over a thousand condo sales in the three cities combined during May 1 to August 31 (registered by September 15), compared with 796 the previous four months. The median sale price of those condos was $520K, notably higher than the previous $469,000.

Of those 1,012 sales, exactly 500 went for over their list price, so just a smidge shy of 50%. Another 104 went for exactly asking, and the rest for less than their sticker price. It was a similar story for townhomes, which have seen a boost in these well-connected areas. Sales were up to 490 units from 355 the previous four months, and the median townhome sale price was a surprisingly high $834,400. This despite a relatively few 157 of

those 490 units selling for above asking price.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

1,012 $520,000 490 $834,400

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WCCONDO.COM


CI T Y

S N A P S H O T

SURREY

PRESALES

2

1

3

Something for everyone and every budget 1. FOSTER MARTIN

2. KINLEY

3. WYND

Developer: Landmark Premiere Properties Address: 1484 Martin Street, White Rock Housing type: Condominiums Number of units: 334 Number of bedrooms: 1, 2, 3, and 4 Square footage: 806 to 3,748 Starting price: TBA Current status: Registration Website: www.fostermartin.ca Info: Expect an exceptional blend of uncompromised sophistication, urban connectivity, and seaside living in these 25-storey towers at White Rock Commons. Enjoy elegant architecture with views of the sun setting over the water from every balcony.

Developer: Woodbridge Properties and Park Ridge Homes Address: 6230 – 120th Street Housing type: Townhouses Number of units: 38 Number of bedrooms: 2 and 3 Square footage: TBA Starting price: TBA Current status: Registration Website: www.wbhomes.ca/ #communities Info: If it’s a family-oriented neighbourhood you want, these townhomes could be for you. Located in the vibrant Boundary Park community, Kinley is close to shopping, restaurants, and parks and is a hop, skip and a jump away from highways 91 and 99.

Developer: Rize Alliance and Mason Link Development Address: 10375 133 Street Housing type: Condominiums and townhouses Number of units: 236 Number of bedrooms: 1, 2 and 3 Square footage: 474 to 1,4641 Starting price: $209,900 Current status: Selling Website: www.wyndliving.com Info: Every Wynd home has been designed around the concept of practical living, starting with a sliding wall system that allows you to open up or change your living space. Love outdoor space? This complex’s balconies are four times larger on average than standard.

RESALES

Value abounds for Surrey resale units HOT SPOT FRASER VALLEY HERITAGE RAILWAY Take a tram ride back in time on the restored BCER Interurban 1225, which leaves for round trips from a replica of the original Cloverdale Station to Sullivan Station on Saturdays and Sundays from May through September.

WCCONDO.COM

S

urrey – including North Delta, South Surrey and White Rock – offers an incredibly wide array of choice for condominium unit buyers. There were 1,271 condoapartment sales from May 1 to August 31 this year (registered as of September 15) as well as more than 1,000 townhome sales to boot. Of those 1,271 condo sales, 1,165 sold for under $500K – nearly 92% – and 464 of them were sold under $300K.

Yet there are plenty of luxury homes to be had, too. The most-expensive strata unit sale of those four months was a contract assignment for a twobedroom, 14th-floor penthouse in the under-construction Miramar Village in White Rock, which took just two days to sell for its list price of $1.99 million. It was also the only condo in the region during that period to sell for more than $1,000 per square foot – which at $1,355 per square

foot, it did easily.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

1,271 $335,000 1,030 $553,000

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WEST COAST CONDO

33


CI T Y

S N A P S H O T

TRI-CITIES

PRESALES

2

1

3

Moving up, up, up in the Tri-Cities 1. THE GRANDE

2. SIMON 2

3. EDGESTONE

Developer: Onni Address: Capilano Road, Port Moody Housing type: Condominiums Number of units: 220 Number of bedrooms: 1, 2 and 3 Square footage: 595 to 2,115 Starting price: TBA Current status: Registration Website: www.onni.com/thegrande Info: The Grande completes the award-winning Suter Brook Village master-planned community; it’s a sophisticated 26-storey tower with unparalleled amenities, designer interiors, and breathtaking mountain and ocean views.

Developer: Otivo Address: Regan Avenue, Coquitlam Housing type: Condominiums Number of units: 82 Number of bedrooms: 1, 2 and 3 Starting footage: TBA Starting price: TBA Current status: Registration Website: simonbyotivo.com Info: The highly anticipated second phase of this development is now taking registrations. It offers the perfect mix of tranquility and urban convenience with parks, walking trails, schools, shops and daily amenities all located within minutes.

Developer: Bold Properties Address: Douglas Street, Port Moody Housing type: Townhouses Number of units: 38 Number of bedrooms: 2, 3 and 4 Starting footage: TBA Starting price: TBA Current status: Registration Website: bold.ca/edgestone Info: Edgestone blends smart design and liveability with technologically innovative touches. Located in the heart of Port Moody, the development promises to be an elegant addition to this charming historic community.

RESALES

A great bet for value despite transit advances

HOT SPOT MEAT CRAFT URBAN BUTCHERY Rediscover the value of a good butcher at Port Moody’s Meat Craft Urban Butchery, purveyor of locally sourced, free-range, and ethically raised meat. Sausages are made in-house, without fillers or preservatives, and Meat Craft takes custom orders, does custom cutting, and offers whole animal purchases, too.

34

WEST COAST CONDO

N

otably lower than most other areas in terms of median selling price, the Tri-Cities of Coquitlam, Port Coquitlam and Port Moody offer great value despite the region’s recent new transit connection, the Evergreen Line. Of the 912 condo-apartment sales in the region from May 1 to August 31 (as of September 15), the median selling price point was $468,400, which is actually lower than the previous four months. However, townhouse median

selling prices went up by $70K to $695,000. Port Moody was home to the priciest attached unit sale of the period. In July, three-bedroom penthouse unit in Port Moody centre, with nearly 700 square feet of terraces and amazing views, sold for $1.66 million after four days. Of the 1,283 total attached Tri-Cities home sales during those four months, just 17 went for over $1 million, whereas 598 went for under $500,000.

[

A T

A

G L A N C E

CONDO SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE TOWNHOUSE SALES MAY 1-AUGUST 31* MEDIAN SALES PRICE

]

912 $468,400 371 $695,000

*REGISTERED ON MLS® BY SEPTEMBER 15, 2017

WCCONDO.COM


A L A N D M A R K CO M M U N I T Y O N T H E PA R K · F I R S T R E L E A S E S O L D O U T

Rendering is artist illustration only.

Discover one of the North Shore’s hidden treasures. Nest led among t he trees and hi l lside of histor ic Moody v i l le Park, Green on Queensbur y residents w i l l have d irect access to t h is legacy locat ion and it's newly desig ned g reen gat her ing spaces, play areas, preser ved park pat hways, bi ke pat hs and l inkage bet ween t he Nor t h Shore Spir it Tra i l.

QUEENSBURY AVE

MOODY AVE

DISCOVERY CENTRE COMING SOON 3RD ST EAST

NEXT RELEASE NOW SELLING BY APPOINTMENT ONLY Contact Us Today I green @ qualex.ca I 604 990 8800 1 , 2 & 3 B e d ro o m R e s i d e n ce s o n t h e P a r k

R EG I S TE R N OW Q UALE X .C A /G R E E N MOODYVILLE PARK

Re n d e r in g is a r t ist ' s in t e r p r e t a t i o n o n l y. T h i s i s n o t a n o f f e r i n g f o r s a l e . A ny s u c h o ff e r ca n o n ly b e m a d e by way o f d isclo sur e st a t e m e n t . E. & O. E. ™ d e n o t e s o n e o r m o r e t r a d e m a r ks o f Qu a lex - L a n d m a r k M a n a g e m e n t I n c . u s e d u n d e r l i c e n s e by Q u a l ex - L a n d m a r k N o r t h er n Lim it e d Pa r t n e r sh ip .


AS YOUR LIFE EVOLVES, SO DO YOUR REAL ESTATE NEEDS

HOMES | TOWNHOMES | CONDOMINIUMS A STORY OF SERVICE AND RESULTS BUILT ON REFERRALS AND REPEAT CLIENTELE WESTSIDEREALTY.CA | 4381 West 10th Avenue, Vancouver | 604.222.3750


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.