BC New Condo Guide - Jan 10, 2014

January 10 - 24, 2014 Volume 04 Issue 01

37 STORIES OF WOW!

DELTA’S “MUST SEE” BEST DEAL IN TOWN Over 100 Homes Already Sold!

1 bedroom starting from $189,000 2 bedroom starting from $234,900

DELTARISE.CA 11941 - 80th Avenue Delta 604.594.7473

INSIDE THIS ISSUE

WHY DEPRECIATION REPORTS MATTER

NCG VAN Cover-01-10-2014-3.indd 1

CHOOSING BETWEEN FIXED AND VARIABLE RATE MORTGAGES

HOT COMMUNITIES FOR 2014

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NEW YEAR. NEW HOME. ONE ONLY!

YOUR OWN ROOF DECK HOME FROM 320’S! GU

Offer available until January 20 , 2014.

TH

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 3

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MOVE IN

FEB

A great selection of view homes are still available.

2014

Future Home of

final opportunity. over

90% sold.

Sales Centre now closed.

For sale by appointment only.

Signature north Shore Living at LonSdaLe + 13th

tHepresCott.Ca | 604.969.3333

This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&O.E. The developer reserves the right to make changes and modifications to the information contained herein. Renderings, plans, photos and sketches are representational only and may not be accurate. The Prescott, a Wesgroup Properties project, developed by 1250 Lonsdale Developments LP.

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R LD VE O O S % 70

FITNESS GYM

TENNIS COURT

GRAND LOBBY

SKY GARDEN

SWIMMING POOL

Largest Urban Community Planned.

Resort Lifestyle Included.

Timeless elegance and high energy define Park Avenue, Concord Pacific's hottest new high-rise development. Located in the heart of Surrey City Centre, the strongest growing metropolis and employment centre in the Province, Park Avenue is a stone’s throw away from Skytrain station, Central City Mall, Holland Park, Target, new City Hall, Surrey Memorial Hospital & SFU. Park Avenue features 1 to 3 bedroom suites. Each home comes with a large sized balcony, high-end finishes and underground parking. Topped with Club PA, a full collection of the best resort style amenities never seen before in the city, Park Avenue is a smart investment and a rare find.

250 Homes under $250,000

PRESENTATION CENTRE : 9908 KING GEORGE BLVD. (NEXT TO KING GEORGE SKYTRAIN STATION) OPEN DAILY, 12PM - 6PM

G re a te r Va n couve r ’s Fa s te s t G rowi ng Ci t y - S U R R E Y w w w.parkavenueliving.ca | 604.583.9866

Actual suite interiors, exteriors and views may be noticeably different than what is depicted in photographs and renderings. The developer reserves the right to make modifications, substitutions, change brands, sizes, colours, layouts, materials, ceiling heights, features, finishes and other specifications without prior notification. Such details are governed by the applicable offer to purchase and agreement of sale, and disclosure statement. This is not an offering for sale. Any such offering can only be made with the applicable offer to purchase and agreement of sale, and disclosure statement. Some conditions apply to Cash Prize Draw and Skytrain ticket redemption. E&OE. Concord Park Avenue Project Limited Partnership

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 5

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13 Y 0 eDr 2A b mO T e c eN I D E in V e v MMoO

THE ROLSTON IS...

DOWNTOWN’S REMARKABLE, AFFORDABLE BEST VALUE

AND MOVE-IN-ABLE! Purchase with 5% down.

2-bedroom homes from $529,900

YOU CAN OWN A TWO BEDROOM HOME IN DOWNTOWN VANCOUVER FOR LESS THAN IT COSTS TO RENT A ONE BEDROOM. For a limited time, purchase with 5% down and receive $1,000 off your mortgage every month for the next three years.

The ROLSTON IS AFFORDABLE!

8 SALES THIS MONTH! Marketing/Sales by:

PRESENTATION CENTRE

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES AND MODIFICATIONS TO Street #140 – 1265 Granville RENDERINGS, PLANS, PHOTOS, AND OpenARESat.-Wed. 12-5pm, closed Thur. & Fri. SKETCHES REPRESENTATIONAL ONLY AND SHOULD NOT BE RELIED UPON. PRICES CORRECT AT PRESS TIME. E.&OE.

604.688.8927

006-Rolston 11-15-13.indd 1

Marketing/Sales by:

THE DEVELOPER RESERVES THE RIGHT TO MAKE CHANGES AND MODIFICATIONS TO RENDERINGS, PLANS, PHOTOS, AND SKETCHES ARE REPRESENTATIONAL ONLY AND SHOULD NOT BE RELIED UPON. PRICES CORRECT AT PRESS TIME. E.&OE.

COME VISIT US AT THE ROLSTON PRESENTATION CENTRE FOR FULL DETAILS. TWO BEDROOM

By Appointment 604.782.0821 DOWNTOWN HOMES STARTING AT $484,900.

THEROLSTON.COM

THEROLSTON.COM

2014-01-03 1:29 PM

Find your Centre Find your centre at the top of Burnaby Mountain.

Offering spacious apartments and townhomes next to vibrant shops and services, CentreBlock is your home in the heart of Simon Fraser’s thriving UniverCity community.

1 Bedroom

546 sq. ft. from $239,900

2 Bedroom

893 sq. ft. from $339,900

3 Bedroom Townhomes 1,510 sq. ft. from $499,900

Opening February 1st Register for advance viewing at libertyhomes.ca This is not an offering for sale. Any such offering may only be made with a disclosure statement. E. & O.E.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 7

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table of contents

January 10 to 24, 2014 volume 4 issue 1

16

Delta Rise

The sky’s the limit

58

columns, news & features 012 Editor’s note Columns

038 Condo Sense Smart solutions for your small space

024 B uyer Profile Josephine and Ashish at University District — Transformational living

058 Designer advice Paint by number

by Yanic Simard

by Susan M Boyce

028 m oney matters January is “make do month” — The time to stretch each dollar by gail vaz-oxlade

034 m ortgage Fitness Doing the math — Choosing between fixed and variable rate mortgages

by Calum ross

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by Cameron McNeill

068 Legal Angle Don’t let a Depreciation Report derail your financing

by Neil Mangan news

066 B MO ECONOMICS Housing report — Vancouver housing market springs back to life

Homebuyers’ Help

MAPS

044 H omeBuers’ Help Real estate resolutions for 2014

by KARa kuryllowicz

014 Surrey/Langley

074 homebuying Year ahead — Poised for growth in 2014 by susan m boyce

077 H omebuyers’ resource section

040 South Surrey/ White Rock 046 Burnaby/ New West 052 North Shore 062 Tri-Cities 070 Vancouver

080 l isting directory

1/3/14 12:30:17 PM

GST INCLUDED* BUY TODAY! LIMITED TIME ONLY

Luxury 1–3 bedroom condos, bordering on 39.5 acres of protected parkland with no direct neighbours, in North Vancouver

(EXCEPT FRIDAYS)

HEYWOODLIVING.CA 604.985.0003

AV E

HEYWOOD PARK

MARINE DR

N TO IL M A H

HA MIL TO N

MACK AY

W 17TH ST

W 15TH ST

1621 HAMILTON AVENUE NORTH VANCOUVER OPEN HOURS 12–5PM Daily

AV E

VISIT OUR SALES CENTRE

N

TOBRUCK ST

16TH ST W E AV

MA RIN E

DR

1 BEDROOMS STARTING FROM

$288,900

Prices and offering subject to change without notice. Offering includes Net GST and transitions taxes to a maximum of 3.2%.

Purchasers responsible for all other taxes and fees. Qualified purchasers only. See sales person for details. E.&. O.E.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 9

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Vice-President, Wall2Wall Media

18

Jacqueline Hill Editor-In-Chief / Director of Content

Susan Legge Director of Sales, National

Josh Heppner Senior Sales Manager, Western Canada

special feature

Edwin Rizarri

Hot Communities for 2014 by susan m boyce

Art Director

Sarah Jang Editor

Diane Duflot

32

18

Contributing Editors

Lydia McNutt Sara Duck Wayne Karl Design Editor

Yanic Simard

SurreY/ White rock

Expanding horizons

Media Consultants

32

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103

Langley

The new Fraser Valley

48

Sales Coordinators

48

Richmond/ burnaby/ Delta

Production Manager

Bala Gnanapandithan

54

Graphic Designer

Caroline Wassef

North Vancouver

Active lifestyle

Production Co-ordinator

Mohammad Haidarpour

64

Tri-cities

New outlook on connectivity

Justin Salvador Ranee Pal

CONTRIBUTING EDITORIAL WRITER

Susan M Boyce

54

72

Published By

Vancouver

World class, sustainable, innovative 4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T. 604.519.6080 F. 604.519.6088

62 72

Call 604.519.6080 for 足advertising rates Copyright covers the contents of this publication and prevents reproduction in whole or in part: offenders will be prosecuted. We reserve the right to refuse any advertising, to make changes or edit advertising as necessary. Care will be taken to ensure copy accuracy but no warranty is implied or given by the publisher.

Advertising

The views and data expressed by columnists do not necessarily represent those of the publication.

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1/3/14 12:30:57 PM

WHITE ROCK’S MOST COVETED ADDRESS A PERFECT BLEND OF CONVENIENCE & CONTEMPORARY STYLE. The luxurious residences at Royce provide a lifestyle that few can rival.

1 Bed & Dens

from $332,300

2 Bed

from $447,300

2 Bed & Den

from $528,300

3 Bedrooms

from $806,300

Penthouse & Terrace Homes

Response from the community of White Rock has been amazing, and these homes are selling fast!

®

011-Royce 01-10-13.indd 1

Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

THRIFT

152ND ST.

OXFORD

ROYCELIVING.COM

from $1,229,300

N. BLUFF/16TH AVE. EVERALL

With no home maintenance to worry about, you’re able to enjoy life to the fullest in the heart of the beautiful beachside village of White Rock.

Whether you’re sipping a coffee along the beach promenade, taking a long leisurely bike ride through Sunnyside Park trails or shopping to your heart’s content, Royce offers an exceptional lifestyle within a short stroll from your front door.

PRESENTATION GALLERY AT THRIFT & EVERALL OPEN NOON - 5PM DAILY Call 604.538.8028

Prices quoted are subject to change without notice and exclude applicable sales tax. E&OE.

2014-01-03 1:29 PM

EDITOR’S NOTE

A NEW YEAR, A NEW CONDO

SUSAN LEGGE

EDITOR-IN-CHIEF

Wall2Wall Media Susan.Legge@wall2wallmedia.com Follow me on Twitter at Twitter.com/SusanLegge Like us on facebook search: Condo Guide

The New Year is upon us, and it’s shaping up to be a busy one in the real estate market. Before you head out to shop, there’s some initial groundwork you’ll want to do.

Take the time before you begin your search to get pre-approved for a mortgage and find a real estate lawyer that you like and can afford. Shopping with a pre-approved mortgage not only helps define what you can afford, but it also locks you into today’s low rates for up to 90 days. Every little bit helps!

Since the price of a home affects location and so many other factors, the more educated you are on what you can afford, the more peace of mind you will have. Once you have

an idea of what your budget will be, compare what you’ll get in different locations. Consider up-and-coming communities, which are a great way to get your foot in the door, and in a few years when the property appreciates in value — especially if you buy a pre-construction condo — you can make your move to your dream location.

Once you’ve found the perfect home, ensure that a real estate lawyer reviews the Agreement of Purchase and Sale within the allotted timeframe. It can be a costly step to skip otherwise!

Happy New Year, and best of luck in the home hunt.

2014: THE YEAR OF THE CONDO

DIANE DUFLOT

EDITOR

Wall2Wall Media Diane.Duflot@wall2wallmedia.com Follow me on Twitter at Twitter.com/DianeDuflotW2W

So, you’ve decided to purchase real estate in 2014. Well, all signs point to this being a great year to invest in the Vancouver real estate market: interest rates remain low and the new condo market remains competitive, keeping developers on their toes and eager to please the savvy home shopper. This is reflected in better amenities and use of space, so that you get the most out of your investment dollars.

New Condo Guide will be here throughout the year to help you feel confident as you contemplate and finalize your new condo purchase, and I think you’ll find we’re off to a good start with our first issue of 2014.

Unsure about whether to go with a

fixed or variable rate mortgage?

Calum Ross’s “Doing the Math: Choosing between fixed and variable rate mortgages” helps you navigate which of these options is best for you.

Neil Mangan’s new column, Legal Angle, answers the question, “Why do Depreciation Reports matter?” and is worth reading before you make an offer on your dream home. Saving for your down payment? Gail VazOxlade helps you get a jump start in “January is ‘Make Do’ Month.”

Hopefully, her tips will have you making your home purchase sooner than you ever thought possible.

Happy New Year, and happy condo hunting!

12 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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SURREY | LANGLEY 116TH AVE

OR

RD

112ND AVE

108TH AVE

W ay

12

0T

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ST

GR

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A16

A9

104TH AVE

TYNEHEAD REGIONAL PARK

er

Hw

y

GOLDEN EARS BRIDGE

96TH AVE

A4 A1

88TH AVE

88TH AVE

BEAR CREEK PARK

208TH ST

200TH ST

192ND ST

10 RD

B3

A3

R

A7 64TH AVE

61A

G

A12

WATERSHED PARK

B2

72ND AVE

A10

64TH AVE

A13

60TH AVE

58TH AVE

A17 A6

56TH AVE

LANGLEY BYPASS

56TH AVE

er H

10

GR

A1. ASCEND

15956 86A Ave. 604.596.2202

A2. LUXOR

12039 64th Ave., Unit #104 604.590.8003

A3. SALIX

6477 - 196th Street 604.530.0054

A4. MANAROLA

8695 160th Street 604.825.1038

A5. VERVE

13913 Fraser Hwy. 604.588.3783

A6. LINGO

5665 177B Street 604.727.5478

A7. ESPLANADE AT WATERSTONE 99 64th & 19th 604.530.5399

A8. PARK AVE

100 Ave. & Whalley Blvd.

604.233.7748

A9. G3 RESIDENCES 104th Ave. & 154th St. 604.453.6688

A10. THE RIDGE AT BOSE FARM

64th and between 160th and 164th St 604-888-5514

A11. 3 CIVIC PLAZA

104th Ave & Citypoint Way 604.951.3331

AD

LANGLEY

SERPENTINE FEN NATURE RESERVE

ER

B1. CORNERSTONE

A13. LUMINA

B2. KENSINGTON

14877 60 Ave. 604.727.5478

A14. WAVE

104 Ave & 133 St 604.951.9283

A15. DELTA RISE

80th & Scott Road 604.594.7473

A16. UNIVERSITY DISTRICT

104th & University Dr

A17. L ATIS

5811-177B St. 604-575-0669

wy

D

A12. L ATITUDE

14358 60th Ave. 604.596.5075

B1 Fra s

B4

SURREY

AV E

LO VE

99a

A2

184TH ST

168TH ST

160TH ST

152ND ST

80TH AVE

176TH ST

72ND AVE

TH

B5

1a 144TH ST

128TH ST

120TH ST

112TH ST

80TH AVE

King George Blvd

A15

96

240TH ST

Fr as

RD

GREEN TIMBERS URBAN FOREST PARK

GL OV ER

96TH AVE

232RD ST

A5 A11 A8

216TH ST

S

A14

216TH ST

Fr a

se r

104TH AVE

48TH AVE

40TH AVE

5655 210A Street 604.534.6000

20678 willoughby Town Centre Drive 604.427.3311

B3. ELEMENTS

20211 66th Ave. 604.533.7718

B4. VARSITY

200th Street & Fraser Highway 604.539.2200

B5. ATHENRY GATE 8312 Street 604.882.8857

14 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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2014-01-03 12:40 PM

SURREY/LANGLEY

THE ONLY HIGH-RISE OPPORTUNITY IN DELTA

Over 100 Homes Sold!

See it and Believe it!

Best deals in Metro Vancouver CALL NOW 604.594.7473 to book a personal appointment to receive: BEST SELECTION | BEST PRICING

1 Bedrooms from

37 STORIES OF WOW!

189

$

000

Over 100 people agree Delta Rise is the place to call their new home.

SCOTT ROAD 80 AVENUE

PRESENTATION CENTRE Corner of 80th & Scott Rd Open Monday – Fridays: 1pm – 6pm Weekends: 12pm – 5pm

604.594.RISE (7473)

DELTARISE.CA

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 15

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COver Story

Delta Rise The Sky’s the Limit // By Susan M Boyce

This is it. The one you’ve been waiting for. Short version:

have an outdoor kitchen, a place for al fresco dining, and still be able to put in patio furniture.” Sweet.

Open Living Spaces When it comes to the interior of your home, seeing really is believing — or perhaps more appropriately, experiencing is believing. There’s a sleek modernity to the display homes’ ambiance, a sense of spaciousness and contemporary élan. Individual spaces flow together effortlessly: the kitchen morphs into a dining area before opening into an inviting living room.

The master bedroom easily accommodates a queensized bed and cleverly designed, built-ins expand the already generous amounts of storage.

37 storeys of pure Wow Factor, great location at 80th Ave. and Scott Rd. on the Delta side, finishings to dazzle your friends, prices to delight your pocketbook.

Introducing Delta Rise, the first highrise residence to be built in North Delta in over 20 years and the tallest tower anywhere in Delta — meaning you can expect spectacular views to be part of the lifestyle. Not only that, Delta Rise homes are thoughtfully designed with big, sunny balconies so you can enjoy those views every day of the year. How big?

Does five to six times the size of an average deck in Vancouver sound okay to you? I thought so.

Now just in case you have trouble visualizing what that might look like, the two display suites have the outline of a regular deck marked right on the surface when you step through the sliding doors. And trust me on this… that outline looks very small compared to deck Delta Rise you’re standing on. “An outdoor space needs at least two zones — one for cooking and another for entertaining and relaxing,” explains Bill Szeto, Otezs Project Marketing. “At Delta Rise balconies are so large you can 16 metro vancouver new Condo Guide January 10 - 24, 2014

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Your Neighbourhood for Life

Noticing there’s no square footage shown on the floorplan outside the display suite, I find myself making a few mental calculations as I walk through.

But when I tell Bill my estimation, he just smiles.

Turns out I’ve underestimated by about 10 per cent.

Mind you, when he tells me most people think this home is between 25 and 30 per cent larger than its actual footprint, I feel vindicated.

“People get stuck on an idea of what they think 600 sq. ft. or 750 sq. ft. or even 1,000 sq. ft. will look like and how much space they think need,” Bill says.

“When they experience a super-efficient design like Delta Rise, they start to realize they really can live in a smaller space without feeling any kind of compromise.”

Delta Rise’s prices, Bill says, have definitely been turning heads among first time buyers who recognize an outstanding opportunity to take their first step into homeownership. But downsizers too are enamoured with this long awaited alternative to single-family living. “There’s an amazing loyalty to North Delta. We see so many people who’ve lived in the neighbourhood for years, raised their families here, and want to stay.

They just don’t want to have to maintain the big house and the big yard.

Finally, they have an option that lets them do both.”

And when it comes to amenities, Delta Rise has got them: stateof-the-art fitness centre, library, craft workroom, pet wash station, business/study centre, and third-floor lounge with big screen TV. Plus there’s the community’s podium-level outdoor park with over half an acre of private, outdoor spaces including barbeque area, fire pit, putting green, and my favourite, a life-sized chessboard. Checkmate.

Don’t Miss Out Delta Rise offers a total of 317 homes priced from $189,000 for a one bedroom, $234,900 for a two bedroom, $394,900 for a three bedroom and $338,900 for the exclusive penthouse. Better hurry though because over 100 homes were snapped up within the first month of sales alone.

Presentation centre and display homes are open 1-6 p.m. Monday through Friday and noon to 5 p.m. weekends at 11941 – 80th Ave. in North Delta. For more information visit deltarise.ca or call 604.594.RISE (7473).

“At Delta Rise balconies are so large you can have an outdoor kitchen, a place for al fresco dining, and still be able to put in patio furniture.”

Hari Sharma,

Maple Leaf 1st Realty LTD.

17

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hot communities for 2014

Surrey/White Rock Expanding horizons // by susan m boyce

pictured top

Now firmly established as BC’s fastest growing

City Centre lowrise

community, Surrey continues to wow a new generation of savvy homebuyers. Proud to be a leader in innovation, Surrey offers solid value and some of the most creative new designs anywhere in the Lower Mainland.

There’s a welcoming diversity here. From the visionary City Centre neighbourhood to Cloverdale’s upscale twist on traditional charm to Fleetwood’s family-oriented friendly outlook, there’s a neighbourhood to meet everyone’s philosophy and budget.

Farther south in White Rock, be sure to check out the trend toward sophisticated, lock’n’go residences designed with savvy downsizers in mind. Plus there’s proximity to the much-loved waterfront promenade and pier, Semiahmoo Trail, as well as diverse restaurants, arts, culture and entertainment.

18 metro vancouver new Condo Guide January 10 - 24, 2014

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Adagio South Surrey On the Street 20th Ave. and 154th St. On the Web AdigioByBoffo.ca Info 604.531.6659 WalkScore 83 Bottom Line One- to three-bedrooms from $314,900. Lowrise.

Perks&Quirks Large floorplans, communal gardens and courtyard, plus a location minutes to White Rock’s beachside promenade. Lock’n’go living at its best.

Ascend Fleetwood On the Street 8625 – 160th St. On the Web liveatascend.com Info 604.596.2202 WalkScore 82 Bottom Line From $200,900. Lowrise.

Perks&Quirks Über modern styling designed with the tranquility the Dr. Emoto theory of positive energy flow.

Gemini South Surrey On the Street 15336 – 17A Ave. On the Web LiveAtGemini.com Info 604.536.1663 WalkScore 97 Bottom Line One- and two-bedrooms from $298,500. Lowrise.

Perks&Quirks Move-in ready. Two fourstorey buildings connected by a common patio and garden area for outdoor relaxation.

Latis Cloverdale 5811 – 177B St. On the Web latiscondos.com Info 604.575.0669 WalkScore 85 Bottom Line One- and two-bedroom from $199,900. Lowrise.

Perks&Quirks Fun’n’funky condo homes showcasing the new, dynamic Cloverdale.

Move in ready and near the best of downtown Cloverdale.

On the Street

Latitude West Panorama 14358 – 60th Ave On the Web porte.ca/latitude Info 604.596.5075 Bottom Line Two- to three-bedrooms from $269,900. Lowrise.

Perks&Quirks Spacious floorplans plus community garden, billiards room and inviting central courtyard. Just minutes to the state-of-the-art YMCA rec centre.

On the Street

pictured top

Panorama lowrise. pictured left

City Centre highrise

Where possible, we’ve included WalkScore ratings from walkscore. com, which rates communities in terms of walkability and proximity to amenities, such as shops, eateries and other desirable urban features. It’s important to note such ratings are only one criteria buyers should use to assess prospective properties.

19

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Luxor Sunshine Hills – 120th St. On the Web luxor-living.com Info 604.590.8003 WalkScore 73 Bottom Line One- and two-bedrooms from $224,900. Lowrise.

Perks&Quirks Mortgage subside program available. Multi-height kitchen counters creates easy access for people of all sizes.

Move in ready.

On the Street 6398

Park Ave City Centre 9908 King George Blvd.

(Presentation Centre) On the Web parkavenueliving.ca Info 604.583.9866 WalkScore 85 Bottom Line From the $180,000s with many homes under $250,000. Highrise.

Perks&Quirks: Less than 50 steps from the final stop on the SkyTrain Expo Line and adjacent to Quibble Creek natural preserve. Features include marble backsplashes, concierge services and exceptional onsite amenities.

On the Street

Manarola Fleetwood – 160th St. On the Web manarolahomes.com Info 604.825.1038 WalkScore 82 Bottom Line From $179,900. Lowrise.

Perks&Quirks Easy access to transit, parks and shopping. Many homes with views to Mount Baker.

On the Street 8695

Newport at West Beach White Rock On the Street Marine Dr. at Oxford St. Presentation Centre 14949 Marine Dr. On the Web newportliving.ca Info 604.536.0256 WalkScore 80 Bottom Line Studios to 2-level, townhome-style suites from $325,900.

Perks&Quirks Directly opposite White Rock’s famous beach and promenade.

Distinctively cosmopolitan styling includes wide-plank flooring, marble backsplashes and enviable views. Homes up to more than 1,300 sq. ft. with private rooftop decks.

University District City Centre – 104th Ave. On the Web bosaproperties.com Info 604.588.5795 WalkScore 88 Bottom Line One- and two-bedroom from $192,000. Highrise.

Perks&Quirks Introducing BosaSPACE, an “un-real estate” design concept so revolutionary, you need to experience it to believe. Spaces that transform a cozy onebedroom for two into a grand entertaining space for a dozen or more. Early purchasers also receive a free TV/furnishing package.

On the Street 13409

Verve City Centre On the Street King George Blvd. and Fraser Hwy. Presentation Centre 10119 Whalley Blvd.

On the Web porte.ca/verve Info 604.588.3783 WalkScore 83 Bottom Line City-style condos from the $169,900. Lowrise.

Perks&Quirks: Move-in ready. Larger than average bathrooms, generous kitchens, exceptional access to city amenities and transit.

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pictured top

White Rock lowrise. pictured bottom

White Rock lowrise pictured opposite

City Centre highrise.

Salix Clayton Heights 6477 – 196 St. On the Web salixliving.com Info 604.530.0054 WalkScore 78 Bottom Line One- to three-bedroom from $222,500. Lowrise.

Perks&Quirks Two new display homes open. Many homes with views to Mount Baker. Exception finishings.

On the Street

The Ridge at Bose Farms Panorama On the Street 16390 – 64th Ave. On the Web theridgeatbosefarms.com Info 604.888.5514 Bottom Line One- and two-bedroom from $162,900. Lowrise.

Perks&Quirks Unique, master planned community on the historic Bose Farm.

Bonus: the site’s original barn will restored and will become the heart and soul of community gatherings like summer dances or weddings.

One92 East Clayton On the Street 19201 – 66A Ave. On the Web one92homes.ca Info 604.576.1772 WalkScore 55 Bottom Line One- and two-bedroom from $199,900. Lowrise.

Perks&Quirks Diverse selection of floor plans — many with flex room, some with 11-ft. ceilings and views of Mount Baker.

Phase Two just launched.

Royce White Rock On the Street 14855

Thrift Ave.

On the Web royceliving.com Info

604.538.8028

WalkScore 80

Bottom Line One and den to threebedroom from $332,300. Lowrise.

Perks&Quirks Spacious homes with larger than average, covered balconies for year-round outdoor living. Rare opportunity to own a new condominium residence in White Rock. continued on page 32…

21

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All 1 Bedroom Homes $

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MARKETING AND SALES BY: R E A L E S TAT E M A R K E T I N G

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*Selected Homes subject to change without notice. Limited time offer, see sales staff for details. This is not an offering for sale. Any such offering can only be made with a disclosure statement. E.&O.E.

022-Luxor 08-09-13.indd 21

2014-01-03 1:35 PM

SURREY/LANGLEY

GOT THE HOME OWNERSHIP RESOLUTION? WE MAKE IT EASY! SAVE $10,000* on all Condo’s SAVE $15,000* on all City Homes Now it’s even easier to get into your new home with Ascend’s New Year Bonus program.

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Kiss your landlord goodbye this year from just $676* per month. Be sure to visit the brand new designer display home.

From $211,347* all in. liveatascend.com 604.596.2202 Suite 108 - 15965 86A Avenue, Surrey BC Open Daily Noon–5pm (Closed Fridays) *Prices and incentives are subject to change or be withdrawn without notice. Prices quoted include net sales tax for owner/occupier only and after New Year bonus deducted. Payment of $676 is based on current prices and incentives being deducted, a 20% down payment, 30 year amortization at 2.60% over a 3 year variable term. Interest rate valid as of November 29, 2013. Offered by a partnership financial institution available OAC. The New Year Bonus program is $10,000 incentive on all remaining condos or $15,000 on remaining City Homes until January 31, 2014. Don’t miss out! E&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 23

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buyer profile

PICTURED

Ashish and Josephine can’t wait to have a large gathering of friends over for dinner.

Josephine & Ashish at University District Transformational living // by Susan M Boyce

w

hen Josephine and Ashish first met, and later fell in love, they never envisioned purchasing their first home in Surrey’s City Centre neighbourhood. But the two SFU students always believed in the area’s potential. “There was just something very up-and-coming about it,” Josephine says.

Two years ago, when signage went up for Bosa Properties’ new University District, potential got personal. “We knew the Bosa name,” Josephine says. “Plus, this isn’t just one tower like we originally thought. It’s going to be a whole district, an entire community — which very much speaks to our story and the way we met. The quality of the project speaks for itself.”

“ W hen we saw how the display suite could transform from a one-bedroom into a big entertaining space, we couldn’t believe it.”

Josephine

Taking the Step

On opening day at nine o’clock, the couple were among the first five people to go through the presentation centre. Less than two hours later at 10:45, all the paperwork was signed for their purchase of a two-bedroom home at University District.

“When we saw how the display suite could transform from a one-bedroom into a big entertaining space, we couldn’t believe it,” Josephine says, referring to University District’s just unveiled BosaSPACE concept. “We went back and forth between the two units trying to figure out how they did it.” She laughs. “We even tried pulling the dining table out of the island and opening up the day bed to see if they were just

gimmicks. It’s all real and turned out to be so easy.”

A bonus, she adds, was having the television and stackable dining room chairs included in the price. “For first time buyers like us, it’s a great cost saving — it’s like getting half our furniture included.

Basically, we can just bring a couch, move in and we’ll have everything we need.”

Buying a presale also gave the couple more time to save toward their purchase — which, along with proximity to transit, was a major consideration. “We were only eyeing presales because the payment structure tends to be more lenient,” Josephine explains. “We’re getting married in June and we’re still saving up, so having staggered payments until completion really helps us. And because Ashish works in Yaletown, being right near the SkyTrain is important.”

Looking Ahead

“The BosaSPACE concept is a first of it’s kind here,” Josephine says with a smile of sheer enthusiasm.

“We like being part of that. When we move in, the first thing we’re going to do is invite a whole bunch of people over so we can boast about it and see how many people we can fit into our space.”

The University District presentation center is located at 13409 – 104th Ave. in Surrey or visit bosaproperties.com.

24 metro vancouver new Condo Guide January 10 - 24, 2014

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SURREY/LANGLEY

w w w. m a n a r o l a h o m e s .c o m

NEW YEAR BONUS!! Next 6 Sold Receive FREE

• Net GST • FIRST YEAR STRATA FEES • Laminate flooring in Bedrooms • Washer, Dryer and Fridge Upgrades • $5,000 Decorating Allowance A dazzling collection of 51 condominium homes designed by award winning Creekside Architects. Lcoated in the delightful Fleetwood “Village” neighborhood… a vibrant, pedestrian friendly community with everything at your doorstep, excellent schools, proximity to great shopping, restaurants, major transportation routes and recreational facilities galore.

ONE BEDROOM STARTING

FROM

$179,900

(INCLUDE NET GST)

For more information:

DEVELOPED BY:

FR AS ER

162 ST

or Visit our Website at www.manarolahomes.com Presentation Centre Address: #101, 8695 160th Street, Surrey Open daily from 12 to 5pm (closed Fridays)

160 ST

88 AVE

604.825.1038

HW Y

The builder reserve the right to change floorplans, elevations, specifications and prices without notice. Square footage as noted are approximations of each individual unit. The purchaser is responsible for verification of the unit layout and square footages. All renderings, floorplans, models and maps are artist's conceptions and not intended to be an actual depiction of promotion details.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 25

025-Manarola 09-20-13.indd 25

2014-01-03 1:29 PM

SURREY/LANGLEY

MOVE-IN READY

OVER 50% SOLD

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PORTE.CA/LATITUDE

|

604.596.5075

Pricing and promotion subject to change. Sales by disclosure statement only, E&OE. Latitude Homes are developed, marketed and sold by Porte Development.

26 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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2014-01-03 1:29 PM

SURREY/LANGLEY

sarah

BORN: New Westminster AGE: 31 OCCUPATION: Nurse

FAVOURITE FEATURE @ VERVE: I love my patio & everything about the kitchen!

WHY SURREY? I believe it will soon be the next heart of Metro Vancouver.

WHY VERVE? I really like Verve’s style, it’s chic & suits me. The people at Porte were amazing, they made my home-buying experience unforgettable.

LOVE WHERE YOU LIVE

13

14

MINS CENTRAL SURREY MALL

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35

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PORTE.CA/VERVE 604.588.3783 Information was correct at time of printing. Pricing and promotion subject to change without notice.

Sales by disclosure statement only, E&OE. Verve Homes are developed, marketed and sold by Porte Development.

Proudly developed by

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 27

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MONEY MATTERS

January is

// BY GAIL VAZ-OXLADE

“MAKE DO” MONTH

I Gail Vaz-Oxlade is the host of Til Debt Do Us Part, author of Debt Free Forever and blogs daily at gailvazoxlade.com. Follow Gail on Twitter at twitter.com/GailVazOxlade

f there’s any month when you’re most likely to wonder if all the bills will get paid, it’s January. After the feverish rush of the holidays and all the unexpected expenses that popped up, no doubt things will be a little tight. Add the extra cost of heating and the jump in “fresh” food prices and you’ll be looking for ways to trim back.

Enter Make Do Month. This is the month when you stretch everything a little farther so you spend a lot less. If you get invited to a party, you don’t rush out and buy something new, you get creative and shop from your closet. And if you need a little something different, you shop from a friend’s closet. Or hold a clothing exchange. What you don’t do is spend money!

January is a good month to experiment with a new routine as you make do.

If you’re used to buying coffee every day, brew your own at home or work and save big-time.

28

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1/3/14 12:32:18 PM

them a meal or a bunch of meals for the freezer for those extra busy workdays, or create a coupon for three nights of free babysitting. Maybe you’re a computer genius and can offer to do maintenance or repairs. Perhaps you’re a mechanic and can offer a tune-up. Substitute your energy for spending money.

After the buzz of the holidays you’ll no doubt be happy to stay home for the first couple of weeks.

Then you may start feeling itchy. You’ve got to get out. You can feel the walls closing in. Time to hit that great new restaurant that just opened up, or head out to the clubs. Wait a minute. This is Make Do Month.

When the weather is warm, it’s easy to do lots of free things. When it’s cold, entertainment gets more expensive. Sure there’s that great movie you’d love to take the family to for a night out of the house. For a family of four, you’re probably looking at $100 or more with popcorn and drinks. Recycle a movie you already own or do a movie swap with friends, add some home-made popcorn and a 12-pack of pop and you can probably do it for $10. Now that’s making do!

January is also a good month to experiment with a new routine as you make do. If you’re used to buying coffee every day, brew your own at home or work and save big-time. If you regularly go out for lunch, pack one from home for four out of every five days and not only will you drop those holiday pounds, you’ll be able to pay off that holiday debt.

But what if you have family or friends whose birthday falls in January.

You’ll have to buy something. No you don’t. You can give something of yourself instead of something purchased.

Make their favorite cookies, offer to cook

Start a tradition of once-a-month games or poker nights and rotate from one friend’s home to another. No one says you can’t have fun in Make Do Month.

You just can’t spend gobs of money.

Call up a couple of friend and throw a pot-luck game night instead. See if you can do it at their house this time. Start a tradition of once-a-month games or poker nights and rotate from one friend’s home to another. No one says you can’t have fun in Make Do Month. You just can’t spend gobs of money.

Make Do Month is a conscious decision to stretch every dollar as far as it will go. Try it and see if just becoming conscious save you money. I’ll bet you’re pleasantly surprised.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 29

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SURREY/LANGLEY

RETHINK CLOVERDALE

What it was, and what it will become will make you rethink Cloverdale. With even more shopping, entertainment, recreation and educational centres being added, it will become the epicenter of the valley - and Latis is in the middle of it all.

With every home complete and ready to move in, Latis allows you to take advantage of Cloverdale's future with pre-growth prices today.

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LatisCondos.com DEVELOPED BY

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C LO V E R D A L E

604.575.0669

info@LatisCondos.com

Prices, rates and features are subject to change without notice. E. & O. E.

30 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

B3 COMMUNICATIONS DATE: FILE:

12/20/13 B3 CLIENTS:LATIS:21370 LATIS AD CREATIvE:PROD:21370 LATIS AD CREATIvE_7.25x9 PROD.INDD

1.866.711.2333 | INFO@B3COM.COM | B3COM.COM |

030-Latis 01-10-14.indd 30

©

CW:

AD:

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B3 COMMUNICATIONS INC. REPRODUCTION AND/OR DISTRIBUTION OF THIS MATERIAL IS PROHIBITED WITHOUT PRIOR AUTHORIZATION.

2014-01-03 1:29 PM

SURREY/LANGLEY

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 31

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2014-01-03 1:30 PM

hot communities for 2014

continued…

Langley

The new Fraser Valley // by susan m boyce

Things are heating up in this Fraser Valley

Ever-expanding retail and restaurants now rival the urban amenities of downtown Vancouver, outdoor recreation opportunities abound for families and outdoor enthusiasts of all ages, plus there’s pricing sure to delight first time buyers or savvy downsizers. municipality.

Athenry Gate Yorkson South On the Street 8312 – 208th St. On the Web athenrygate.com | Info 604.882.8857 Bottom Line Two-bedroom and den from $284,900. Lowrise.

Perks&Quirks European village architecture, just two blocks to Willoughby Town Centre and easy access to transit routes, parks and schools at all levels.

Where possible, we’ve included WalkScore ratings from walkscore. com, which rates communities in terms of walkability and proximity to amenities, such as shops, eateries and other desirable urban features. It’s important to note such ratings are only one criteria buyers should use to assess prospective properties.

Cornerstone North Downtown Langley On the Street 120 – 21009 – 56th Ave. On the Web cornerstoneliving.ca Info 604.534.6000 | WalkScore 68 Bottom Line One- and two-bedroom from $199,900. Lowrise.

Perks&Quirks Floating fireplaces, gourmet kitchens, plus big decks and yards. For limited time, buyers get a Fiat 500 for free — beep, beep!

Elements Langley 20211 – 66th Ave. On the Web elementsinlangley.com Info 604.533.7718 | WalkScore 87 Bottom Line From $185,900. Lowrise.

Perks&Quirks Opulence inspired by sacred geometry and the beauty of precious metals.

Automatic membership in the 7,000-sq.-ft.

Trilogy Club. New showhomes open.

On the Street

Kensington Willoughby C110 – 20678 Willoughby Town Centre Dr. On the Web liveatkensington.ca Info 604.427.3311 Bottom Line One bedroom to two and den from $199,900. Lowrise.

Perks&Quirks Extra large suites available: up to 1360 sq. ft. Dynamic, walkable urban community where everything you need is right outside your front door. Move in summer of 2014.

On the Street

pictured top

Yorkson master planned community pictured left

East Langley lowrise continued on page 48…

32 metro vancouver new Condo Guide January 10 - 24, 2014

032 Hot Communities Langley_CW.indd 32

1/3/14 12:32:36 PM

SURREY/LANGLEY

THE ONLY LANGLEY CONDO COMMUNITY THAT HAS IT ALL!

Trilogy Club

BE A PART OF LANGLEY’S BEST MASTER PLANNED COMMUNITY! • Most walkable community - close to both shopping, nature park and walking trails • Spacious and thoughtfully designed interiors • 9,369 sq.ft. Trilogy Club - Langley’s largest private amenity centre • Invite a chef and host a cooking party in the chef kitchen • Invite your friends and let loose for an evening in the New York Inspired Lounge

• Kick back and enjoy the latest blockbuster on the big screen in the media room • Work up a sweat in the fitness room or meditate in the yoga studio • Hold your next business meeting in the impressive boardroom

• 5 opportunities to move-in today!

20 Homes under $220,000 Greenbelt homes from $339,900

elementsinlangley. com VIEW THE TRILOGY CLUB & NEW DESIGNER DISPLAY SUITE TODAY OPEN DAILY NOON - 5PM (CLOSED FRIDAYS)

20211 66th Avenue, Langley BC | 604-533-7718 Media Room

*Prices and incentives are subject to change and may be withdrawn without prior notice. Prices quoted exclude net HST or GST, whichever is applicable 20 homes under $220,000 are in phases 1, 2 and 3. E.&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 33

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2014-01-03 1:30 PM

MORTGAGE FITNESS

// BY CALUM ROSS

DOING Choosing between fixed and THE MATH variable rate mortgages

Y Calum Ross is senior vice-president and practicing mortgage agent with The Mortgage Centre. He has appeared on Canada AM, Investment Television, BNN and Citytv. He holds an MBA in finance and is an Accredited Mortgage Professional. .

ear over year, perhaps the most contested issue in the mortgage market is the age-old decision of choosing between a fixed and variable rate mortgage.

Hundreds of thousands of dollars of personal financial research dollars has been poured into making the case and giving the final decisive pearl of wisdom to consumers. Here is some wisdom that will work in any set of market conditions, and perhaps most importantly, will certainly help you determine the best choice for your own personal risk tolerance and financial circumstances.

Anyone who suggests you should go with either a fixed or variable rate mortgage without first taking the time to understand your own long term goals, the longer term picture of your cash flow and your own individual risk tolerance is a financial professional you should be very wary of. I have more than seven years of postsecondary education, I have worked directly in the global treasury operations of one of Canada’s big five banks, and the first thing I have to tell you is that anyone who pretends to know what is going to happen with long term interest rates is either delusional or has a grossly exaggerated opinion of themselves.

Anyone who pretends to know what is going to happen with long term interest rates is either delusional or has a grossly exaggerated opinion of themselves.

At any given time, Canada’s capital markets represent about three per cent or less of global capital markets and our economy is heavily reliant on exports to our key trading partners. What this means for Canadians and Canadian mortgage consumers is that no matter how closely we watch our own economy, we will always be subject to changes in our capital markets (debt and equity markets) as a result of shocks to the global system and particularly shocks to our key trading partner – the United States of America.

What this means to the fixed versus variable decision is this: At any given time there is a set spread between the difference in the discounted five-year fixed rate (the most popular long-term mortgage product) and the discounted variable rate product. Depending on what is happening, this spread increases and decreases in response to movements in the overnight lending rate set by the Bank of Canada and the Government of Canada bond market. This difference in rate represents the premium that mortgage consumers have to pay for the peace of mind that longer term fixed mortgage offers. Conversely, the difference in savings for going variable represents the reward for taking on the extra risk of not locking in your rate and protecting you against future potentially unfavourable risk movements.

34 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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2014-01-03 1:43 PM

In reality, the only thing a longerterm fixed mortgage does give you is a guarantee against your rate and subsequently your payment moving for a longer period. In fact, it is essentially an insurance premium that insures you against interest rate risk, and like all insurance premiums, they change and are more or less valuable to different market participants.

The difference between this longer term fixed rate and the variable rates, rise and fall in different market conditions. Traditionally, the difference between short and long-term rates is highest when inflation is high – at some of these points in time, the difference was more than two per cent. When inflation is extraordinarily low, the difference in these two rates has been as low as less than 0.5 per cent. Regardless of what the difference in the two rates is, the thing we know for certain is the relative cost-benefit analysis really comes down to your own tolerance for risk and the math of how much you ultimately pay (cost) for that piece of mind, or stand to gain (save) from taking the extra risk.

Only you can ultimately gauge that decision, but if you want to do the math, then it is fairly simple. All you need to do is multiply the mortgage balance you have or were considering taking between the difference in the fixed versus variable.

As an example – if you have a $100,000 mortgage and the difference between a competitive fixed rate mortgage and a variable rate mortgage

Regardless of what the difference in the two rates is, the thing we know for certain is the relative cost-benefit analysis really comes down to your own tolerance for risk and the math of how much you ultimately pay (cost) for that piece of mind, or stand to gain (save) from taking the extra risk. is one per cent then the additional premium per year for that peace of mind is $1,000 or $100,0000 x (the difference in interest rates). If you take a look at the math based on this equation and the cost seems reasonable, you are likely psychologically suited for a longer term fixed mortgage. If it seems expensive to you, then you are likely a good candidate for a variable rate mortgage.

One final caveat: there is no amount of financial gain that ever warrants putting yourself under financial duress. When it comes to mortgage or financial decisions, the wise consumer does not take on more risk than they can financially handle.

The implication – if you can’t afford an upswing in rates then going variable is not a sound decision in any economy.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 35

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2014-01-03 1:43 PM

SURREY/LANGLEY

CHa-CHing yOur NEW hOmE just gOt a LOt mOrE affOrdabLE

original price

new PriCe

SavingS

2 bed + study

$327,900

$264,900

2 bed + den

$329,900

$279,900

2 bed

$250,900

$226,900

1 bed + den

$199,900

$184,900

$63,000 $50,000 $24,000 $15,000

Home Type

Huge Savings on every home. Limited time only – Don’t miss your best opportunity to buy in 2014. Move in Today.

604.534.6000 cornerstoneliving.ca sales Centre and three fully-furnished display homes

56th & 210a st, Langley | Open daily (closed friday) from 12 to 5 pm.

Limited time offer. Prices subject to change without notice. Please see our sales representative for further details and exact terms of this offer. E. & O.E. marcon homes (Cornerstone) Ltd.

36 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

036-Cornerstone 01-10-14.indd 36

2014-01-03 1:30 PM

SURREY/LANGLEY

IN 014 E 2 OV E R M M M SU

Come together in the heart of Willoughby Visit our fully furnished 2 Bed, 2 Bath + Den display suite.

1 Bedroom, 1+Den, 2 Bedroom, 2+Den 660 - 1360 sq.ft. Condominiums Priced from $199,900 This beautiful collection of condominium homes places you at the centre of the walkable, urban community of Willoughby Town Centre at 208th St./80th Ave. Visit our website to see all the retail shops and services now open.

KENSINGTON PRESENTATION CENTRE Open Daily Noon to 5pm C-110, 20678 Willoughby Town Centre Drive Langley, BC | Phone: 604.427.3311 Email: kensingtonsales@mylasso.com

@WilloughbyLife | Willoughby Town Centre

liveatkensington.ca

80th Ave. 208th St.

Willoughby Town Centre

DEVELOPED BY

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 37

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condo sense

// by cameron mcneill

Smart solutions

Cameron McNeill is the owner of MAC Marketing Solutions, one of B.C.’s and Alberta’s leading real estate sales and marketing firms. Cameron also co-founded TAC Real Estate, a resale firm, and MPC Intelligence, a real estate market-research firm. Together with his experienced and dedicated team of sales, marketing and administration professionals, he has transacted more than 14,000 new homes and $5 billion in sales. Email him at cm@macmarketingsolutions.com or follow him on Twitter @mac_marketing

T

here has been a lot of discussion recently surrounding small spaces — from micro lofts to laneway housing, many of us are choosing to live in smaller homes. When MAC works with our developer-clients to design floorplans and furnish display suites, we’re always looking at ways to make the spaces as functional as possible. From custom built-in furniture with hidden compartments to easy decorating ideas, here are a few easy tips to help you make the most of your space in 2014: ›› Choose neutral colours. From paint to furnishings, you can make a room appear larger while giving it a warm and modern feeling. Use accent colours sparingly to add just a punch of colour. There are a lot

for your small space of great furnishings stores in Vancouver to inspire you — and at a cost that won’t break the bank. (A few of my favourites are in the South Granville area!) ›› Mirrors can be a great way to make a space feel larger. Not only do mirrors reflect light, making a space feel brighter, but a great mirror can also add a classy touch to your home. ›› Extend the height of your cabinetry as high as (esthetically) possible. Not only will this give you extra storage space, but it will give the illusion of extra height. Custom wardrobes and shelving are the best bang for your buck in a small home. There are do-it-yourself options at stores like IKEA, but many other companies, such as California Closets — or one of my favourites, Resource Furniture in Vancouver — will build and install it for you. ›› A consistent floor material throughout your home will create a more seamless flow. We prefer a laminate or engineered hardwood that you can carry right through your kitchen and bedroom/sleeping spaces. ›› Look for furniture that has multiple functions or can be easily stowed. Bosa Properties recently introduced “BosaSpace” at their Surrey development. Here, beds transform into sofas and kitchen islands transform into dining tables for eight! Whether your home comes included with these features or you invest in them after the fact, such innovations are amazing ways to make your home adaptable to any occasion.

Small spaces can be practical, functional and comfortable. With the right décor, choice in furniture and use of space, we hope your new years resolution will make you feel organized and clutter-free in your home for 2014.

pictured above This dual-function Murphy Bed at Keefer

Block gives residents more flexibility with their space.

38 metro vancouver new Condo Guide January 10 - 24, 2014

038 Condo Sense_Cameron_Resolutions2014_HY.indd 38

1/3/14 12:32:53 PM

SURREY/LANGLEY

0 500 HOME WELCOME $

PACKAGE!

included but limited time offer.

Call Today!

8

units only

D3

2 Bedroom + Den

932 SQ. FT.

Never been advertised at this price!

Savings up to 35k 2 Bedroom + Den

UNBEATABLE QUALITY

284,900 Promotion ends November 15, 2013 no exceptions

8312 - 208th St., Langley

D3 plan 2 PARKING STALL 1 STORAGE

The developer reserves the right to substitute any material, fixture, appliance or finishing with an equivalent material, fixture, appliance or finishing at the developer’s sole discretion. In our continuing effort to meet the challenge of product improvement, we reserve the right to modify or change plans, specifications, or prices without notice. Renderings are an artist’s conception only and are intended as a general reference. All dimensions and sizes are approximate. As reverse plans occur throughout the project, please check architectural plans. Refer to disclosure statement for specific offer details.

604.882.8857

AthenryGate.com

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 39

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176TH ST

184TH ST

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24th Ave & Hwy 99 604.582.1336

2.

3.

4.

ROYCE

Thrift & Everall 604.538.8028

GEMINI

5.

ADAGIO

6.

15310-17A Ave 604.536.1663 20th Ave. & 154th St. 604.531.6659

EDGEWATER

152nd & 36 Ave. 604.818.5603

SALTAIRE

7.

NEWPORT AT WEST BEACH

14949 Marine Drive 604-536-0256

Johnston Rd & Thrift Ave 604-662-3700

40 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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SOUTH SURREY/WHITE ROCK

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SOUTH SURREY/WHITE ROCK

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HomeBuYers’ Help

real estate resolutions for 2014 // Kara KurYllowicZ

Have You made Your new Year’s resolutions? If you’re planning to buy or sell a home in 2014, here are a few key resolutions that will help with a smooth transaction.

To preempt the likelihood of unpleasant surprises, astute homebuyers should begin the financial education, preparation and assessment process the moment they start contemplating a purchase. tips for BuYers

| Have Equifax, TransUnion or another credit reporting agency pull your credit report. If necessary, you

| Crunch the numbers! Can you afford it? Is this the right decision for you?

Canada Mortgage and Housing Corp. (CMHC) offers tools at cmhc.ca to help you calculate your net worth, current household budget, monthly debt payments, and how much you can afford to spend on a home purchase.

Plan on a down payment of at least five per cent. However, your affordability assessment may indicate you need a larger down payment or need to reduce the price range you were considering for your purchase.

2

| Get your mortgage and financing documentation in order. At the very least, lenders and mortgage brokers will require documentation that proves your personal information, your net worth, income, employment, the amount/ source of your down payment and your ability to pay the closing costs.

Closing costs generally range from 1.5 to four per cent of the purchase price and your lender may provide a loan to cover those.

3

1

can commit to improving a poor credit rating by paying off creditors and loans before applying for your mortgage.

| Get pre-approved for a mortgage to determine the amount you can afford based on the lender’s review of your finances. This will also provide written confirmation of the interest rate that will hold for around 90 days.

4

5 | Search ads for homes in your desired location and price range with your preferred features. (You’ve already got a copy of New Condo Guide, so consider yourself a step ahead!) Visit presentation centres, and explore new communities in person to get a feel for what living there will be like.

| Find a reputable home builder. Ask friends and family for referrals, visit presentation centres, do some research online and check with your local home builders’ association for a list of builders and reviews.

6

Astute homebuyers should begin the financial education, preparation and assessment process the moment they start contemplating a purchase.

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As if buying a new home wasn’t complicated enough, if you already own a home, you’ll need to add a sale to your to-do list

As if buying a new home wasn’t complicated enough, if you already own a home, you’ll need to add a sale to your to-do list. tips for sellers

The more you give away, sell and donate to charity, the less you’ll have to pack, ship and unpack.

Recycle or re-purpose anything that hasn’t been used in the last 12 months. If necessary, hire an organizational expert to keep you focused and ruthless.

5 | Identify items that are worn, outdated or don’t work, then repair or replace them. Ask friends or family to help you identify what needs to be done, but be aware that they may be uncomfortable with the level of honesty required. In this case, a professional home stager, organizer or even your real estate agent would be better suited to the task. Some common fixes include replacing stained switch plates, repairing old caulking and dingy grout in the bathrooms, and applying a fresh coat of paint. If things such as leaky roofs and basements aren’t repaired, buyers will expect a reduction in price.

6 | Assess comparable homes in your neighbourhood no more than

1

| Review your mortgage agreement with your financial institution and/or a mortgage professional. If you’re in the first year of a five-year term, the payout penalty might be so high that you decide to wait until at least the mid-point, if not the end of that term, to make your move.

three months prior to putting your home on the market because the conditions can change relatively quickly.

| Assess the selling costs, which may include repairs, home appraisals and inspections, legal and Realtors’ fees so that you can budget and save for them.

7

2

| Crunch the numbers and look ahead. Will your home’s proceeds cover your next home purchase? Do you plan to invest part of the proceeds?

3

| Purge and de-clutter six or more months in advance, because when staging your home for the sale, over-stuffed storage areas suggest a lack of space rather than reflecting on the homeowners’ organizational skills and hoarding tendencies. In addition, if you’re moving from a larger house into a smaller condo, you’ll likely need to edit down your movables anyway, so consider this resolution two-for-one.

4

| Source and interview selling agents at any time, but ask them to evaluate

your home no more than six to eight weeks before you plan to put it on the market.

Making and sticking to these real estate resolutions can reduce the stress associated with buying and selling a home and expedite matters once you officially launch the process.

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BU R NABY | N E W WE S TM I N S TE R NEW WESTMINSTER

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68 Sixth Street 604.525.8980

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336 Columbia Street 604.524.8080

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5021 Kingsway 604.456.0688

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107 - 7090 Edmonds St. 604.525.8496

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Belmont & 6th Street 604.522.2583

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7377 14th Ave 604-9606

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18 Begbie Street 604.523.0081

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A5. B RENTWOOD

theamazingbrentwood.com

A6. C ENTREBLOCK AT UNIVERCITY libertyhomes.ca

46 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

Aug.17 2012

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CMYK

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8X10 - NEW CONDO GUIDE

THE ART OF ELEGANT LIVING

NOW SELLING

C O M I N G F E B R U A RY 1 ST

the

GRAN D Estate

COLLECTION INTRODUCING MODELLO’S PENTHOUSE ESTATES , AND E XCLUSIVE THREE-BEDROOM HOMES .

ModelloByBoffo.ca 604.456.0688 Modello Presentation Centre #118 – 5021 Kingsway

KIN

GSW AY

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PRESENTATION CENTRE

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ROYAL OAK AVE

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Located on Marlborough, one block West of Royal Oak – across from London Drugs on Kingsway

MARKETING BY

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hot communities for 2014

continued…

Brio Tsawwassen 5454 – 12th Ave. On the Web brioliving.com Info 604.943.8811 | WalkScore 88 Bottom Line One- to three-bedroom from $269,900. Lowrise.

Perks&Quirks In the heart of Tsawwassen Village. Just steps from Thrifty Foods and other urban amenities. Excellent access to walking/cycling trails plus Boundary Bay Beach.

On the Street

Burnaby, Richmond, Delta // by susan m boyce

It’s been a year on the go in these three Metro

From Delta’s first new highrise in two decades to a dazzling, hotel-inspired tower residence in Metrotown to life on a world-class university campus, there’s something for everyone.

Best of all, there are some terrific values to be had. And remember, some of the Lower Mainland’s best dim sum is found in these communities. So why not plan a day (or two or three) of exploration soon.

Vancouver municipalities.

bottom left

Metrotown highrise opposite top

Richmond masterplanned community opposite bottom

North Delta

CentreBlock at UniverCity Burnaby SFU On the Street 9055 UniverCity High St. WalkScore 80 Bottom Line One- and two-bedrooms from $239,900. Highrise plus limited townhomes available from $499,900.

Perks&Quirks Liberty Homes’ newest addition to SFU’s spectacular UniverCity community. Steps to Nesters and the dynamic village centre. Priority register now. Sales begin this February.

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Where possible, we’ve included WalkScore ratings from walkscore. com, which rates communities in terms of walkability and proximity to amenities, such as shops, eateries and other desirable urban features. It’s important to note such ratings are only one criteria buyers should use to assess prospective properties.

Delta Rise North Delta 11941 – 80th Ave. On the Web deltarise.ca Info 604.594.RISE (7473) WalkScore 77 Bottom Line one- to three-bedroom from $189,000. Highrise.

Perks&Quirks Delta’s first new residential highrise in more than 20 years: 37 storeys.

Balconies average almost six times larger than typical Vancouver suites. Cool amenity: a life-sized outdoor chessboard.

On the Street

Modello Burnaby Metrotown 118 – 5021 Kingsway On the Web modellobyboffo.ca Info 604.456.0688 WalkScore 93 Bottom Line One- to three-bedroom from $389,900. Highrise.

Perks&Quirks Spacious residences up to 1,700 sq. ft. all with massive balconies.

Exquisite finishings plus concierge and hotel-inspired amenities. At the entrance to Burnaby’s new Beresford Art Walk.

On the Street

River Park Place Richmond 7100 Elmbridge Way On the Web riverparkplaceliving.ca Info 604.282.7838 WalkScore 83 Bottom Line Riverfront apartments from $229,900. Midrise.

Perks&Quirks Located on the river at the entrance to Richmond’s dynamic Oval Village neighbourhood. Construction starts next year.

On the Street

continued on page 54…

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RO SS RD

NM

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1a MARINE DR

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KEITH RD E

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A8. T HE ANCHOR

13th & Lonsdale 604.969.3333

99

A4. O RIZON ON THIRD Sale Centre 21 Lonsdale Ave

A5. 1 5 WEST

ST

rton

Dolla

Hwy

300 Mt Seymour Parkway 3 604.800.2120 131 THIRD ST 604-988-8800

A9. T HE SHORE

Presentation Centre 238 Fell Ave 604-980-0016

A10. HEYWOOD ON THE PARK 1621 Hamilton Ave 604-985-0003

5th just off 1 CH E Lonsdale RR 604.980.9949 Y DR

B UC

SQUAMISH

KLEY AVE

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129 W 2 ST 604-929-8870

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SEABUS

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#103 - 735 West 15th St 604.924.4488

FINCH DR

AR

N

RD

KEITH RD W A3

A1. LOCAL ON LONSDALE W 17th Street and Lonsdale 604.998.0219

BRENNAN PA R K

CL

A5

A1

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NORTH SHORE

CENTENNIAL WAY

MAGEE ST

A2

Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

SD AL EA VE

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LIGHTHOUSE PARK

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CAPILANO RIVER REGIONAL PARK

PERTH DR

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RD

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CYPRESS FALLS PARK

15TH ST

NELSON CANYON PARK

LYNN HEADWATERS REGIONAL PARK

21ST ST

DR

CYPRESS

25TH ST

RUN

CYPRESS BOWL RD

EAG LE

NORTH SHORE

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NORTH SHORE VIEW RESIDENCES 2 BEDROOM VIEW HOMES FROM $469,900

IN JUST 6 MONTHS, INTRACORP’S SENSATIONAL ADDITION TO LOWER LONSDALE WILL BE MOVE-IN READY This summer, the North Shore’s most desirable neighbourhood will include Orizon on Third.

VISIT OUR SALES CENTRE 21 LONSDALE AVE (at Esplanade) NORTH VANCOUVER Open noon-5pm daily except Fridays

With smartly-designed and spacious homes, perfectly located minutes to the SeaBus, Lonsdale Quay Market, cafes and restaurants, Orizon on Third is the best new home value in Lower Lonsdale. Visit today and get ready to call Orizon on Third home this summer.

604.638.6240 ORIZONonTHIRD.com

Intracorp Third Street Limited Partnership Sales and Marketing by Intracorp Realty Ltd.

Contact sales team for details. Price ranges, completion date and strata fees are subject to change without notice. All Living areas quoted are in square feet. All square footage and dimensions shown are approximate and should not be relied upon.

The developer reserves the right to make changes and modifications. E.&O.E. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. E. & O.E.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 53

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hot communities for 2014

continued…

North Vancouver Active lifestyle // by susan m boyce

Capstone Lower Lonsdale On the Street 135 West 1st On the Web liveatcapstone.com Info 604.929.8870 WalkScore 95 Bottom Line One-and-den and twobedroom from $379,900. Midrise.

Perks&Quirks Less than five-minute walk to SeaBus and Lonsdale Quay. Own for just five per cent down. Cool extra: Nebula Garden, a 60-foot glass wall with colour and dancing lights. Move in this spring.

Heywood on the Park North Vancouver On the Street 1621 Hamilton Ave. On the Web heywoodliving.ca Info 604.985.0003 WalkScore 83 Bottom Line One- to three-bedroom from $288,900. Lowrise.

Perks&Quirks Adjacent to the 40-acre Heywood Park, North Vancouver’s largest park. Step outside your front door and you’re connected to trails, natural forest and the creek.

The North Shore has come a long, long way from the days when it was a summer getaway for city-weary Vancouverites. Today, North Vancouver boasts a thriving cultural scene, fashion forward retail, as well as restaurants sure to get your taste buds tingling, no matter what your preferred style of cooking.

And if you’re looking for a home with stunning views of the Vancouver skyline plus a lifestyle that’s focused on active, outdoor living, there’s a good chance you’ll find the perfect one here. PS: if you do need to commute to downtown Vancouver, it’s just a short ride away via SeaBus.

Orizon Lower Lonsdale On the Street St. George and East 3rd Presentation Centre: 21 Lonsdale On the Web orizononthird.com Info 604.638.6240 WalkScore 93 Bottom Line Two-bedroom from $469,900. Midrise.

Perks&Quirks Stone accents, open plans, spectacular views. Walk to SeaBus and Lonsdale Quay. Move in this summer.

54 metro vancouver new Condo Guide January 10 - 24, 2014

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pictured right

North of Marine Capilano lowrise pictured bottom

Lower Lonsdale highrise pictured opposite

South of Marine Capilano lowrise

Remix North Vancouver On the Street 220 – 733 West 14th St. On the Web adera.com Info 604.924.4488 WalkScore 83 Bottom Line One- to two bedroom from $299,990. Lowrise.

Perks&Quirks Adjacent to Mosquito Creek just north of Marine. For a limited time only, remaining penthouse-level homes also include a free hot tub.

The Prescott Central Lonsdale On the Street Lonsdale and 13th St Presentation centre: 101 – 1133 Lonsdale On the Web theprescott.ca Info 604.969.3333 WalkScore: 93 Bottom Line Highrise.

Perks&Quirks Final homes now selling.

Spectacular views and a great location near the shops of mid-Lonsdale. Move in this February.

The Shore North Vancouver On the Street 238 Fell On the Web adera.com Info 604.980.0016 WalkScore 83 Bottom Line One- to three-bedroom from $239,900. Lowrise.

Perks&Quirks Adjacent to Mosquito Creek and with direct access to the Trans Canada Trail via an internal breezeway.

Spacious floorplans, central piazza and courtyard.

Where possible, we’ve included WalkScore ratings from walkscore. com, which rates communities in terms of walkability and proximity to amenities, such as shops, eateries and other desirable urban features. It’s important to note such ratings are only one criteria buyers should use to assess prospective properties.

continued on page 64…

55

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Published by

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Designer Advice

Paint by

number // by Yanic Simard

Those Colourful potions that we now call “paint” have

been popular for thousands of years – after all, cave drawings in simple red and yellow concoctions have been dressing up nature’s interiors for about 400 centuries! Early artists used mixtures of natural dyes and egg yolks to create colourful (if a little crude) liquids that would harden in place to dress buildings, canvases, faces and, yes, even homes.

Although the recipe has changed with the times, paint is still an essential part of any interior – and an element that has long outlasted trends and technology to remain one of the easiest and most powerful ways to set the stage for a beautiful interior design.

pictured

A TIDG client’s office painted in Benjamin Moore’s AFF-555 Montpelier in matte, and AF-565 Mysterious in satin

58 metro vancouver new Condo Guide January 10 - 24, 2014

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pictured

A condo bedroom is dressed in Benjamin Moore’s HC-168 Chelsea Gray for a luxe look

TIP: Light colours naturally reflect more light, while darker ones absorb light and will appear more flat. Keep this in mind when choosing a finish: white paint in a glossy finish becomes highly shiny and will reveal the smallest flaws, so you may want to stick to satin or matte.

To help you create your own condo palette with confidence, here’s my guide to choosing the best paint, from start to finish. It’s easy as 1-2-3!

1. Start with the finish Matte or “flat” paint has the least sheen.

It reflects very little light, and thus hides imperfections on a wall surface. It’s the traditional finish for rustic looks, but has also become trendy for modern schemes. Also common for ceilings.

Matte finish paints are more difficult to maintain.

Satin is partially glossy with a slight sheen. It’s great for adding slight depth while still minimizing imperfections, like matte. (I often use matte for the main surfaces and satin for trim and doors.)

Eggshell is halfway between matte and glossy. It’s a popular go-to for homeowners, as it balances the pros and cons of each.

Semi-gloss carries a definite, noticeable sheen. It can withstand repeated cleanings and is great for moist areas such as bathrooms or for trim in high-traffic areas like children’s rooms.

Visible changes in the way light bounces off dents or bumps will make imperfections more obvious. It’s great for giving ceilings extra light reflectiveness, brightening a room.

Gloss is highly reflective with lots of sheen, and generally harder to apply due to the slow drying times (which can cause dripping and unevenness when applied without professional equipment). It’s easy to clean, but the high degree of sheen will make any dents or bumps stand out dramatically. Use it sparingly (such as on trim, or on brand new, flawless ceilings) and only on surfaces which have been carefully sanded and prepped.

2. Composition The main difference between water-based paint and oil-based paint is the substance used to carry the pretty pigments in liquid for application. In both cases, these liquids evaporate while drying to leave a solid coat of colour on your walls and surfaces.

Water-based paint Latex and acrylic paints use water to dissolve the mixture of pigments and binders (that is, the glues that hold the pigments together), which creates less of an odour during application. These paints are usually easy to touch up, hold colour well over time and are less flammable.

Oil-based paint Alkyd paints use pigment and resin dissolved in a thinner, which dries to a harder coating but creates far more fumes during application than water-based paint does.

These paints generally create a smoother and more level finish, with fewer brush and roller marks.

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3. Top Tips Knowing what type of paint to select is of course only half the battle. Once you’ve found a beautiful finish, you have to select an equally striking colour. There are infinite hues from which to choose, and every space calls out for a unique scheme. Here are my top tips for how to go about choosing the best for you.

Look at the big picture

Although every room in your home is unique, the happiest homes see each space living in harmony. Consider the view down a hallway to get a sense of how rooms relate. When you look down a corridor, notice what connected areas you can see through the doorways. These spaces don’t have to match, but they should coordinate. Look at paint chips for different rooms next to each other to see if they add up to one beautiful picture.

The bigger, the better

Professionals will have a painter apply large “colour strikes” (wide test stripes) in a room to see a few options in person before making a final selection. If this sounds like too drastic of an experiment for you, you should still go bigger than a tiny paint chip to get a real feel for the hue at room scale. Purchase a plywood plank and some small cans of a few options, and paint yourself a tester you can move around, or look for paint companies that offer large-format paint chips (such as Benjamin Moore’s Big Chips from bigchips.ca).

Start small

One of the safest ways to take a risk with colour is by starting out small. If you love a colour you aren’t sure you can live with, make your first leap into colour in a smaller room that you don’t spend as much time in, such as a foyer, a walk-in closet or powder room. These in-an-out spaces suit a strong colour, and if you really love the hue you can carry it out to the main areas later (or go a shade lighter).

You may already know that paint will change its appearance under natural versus artificial light. Don’t forget, however, that different light bulbs, lamps and combinations will create a unique lighting environment for every space. unique lighting environment for every space. You should look at your paint sample under the real conditions of the room.

Hold or tape the chip against the wall it will dress, rather than in your hands in front of a window or directly under a lamp, and don’t forget to consider different times of day.

When in doubt...

There are certain colours I return to time and time again, because they work in almost any space without fail. If you find a favourite colour, don’t be ashamed of using it in every room.

Each space can be made unique by applying different accents for contrast in your furnishings, fabrics and art – the noncommittal accessories that add interest. I frequently recommend Benjamin Moore’s OC-23 Classic Gray as a neutral with depth that makes any space sing. Pair this with their 2121-70 Chantilly Lace (a very clean and pure white) and HC-168 Chelsea Gray (a sumptuous essential grey) for crisp ceilings and rich accents, and you’ll have a foolproof scheme that’s stress-free.

Light it right

You may already know that paint will change its appearance under natural versus artificial light. Don’t forget, however, that different light bulbs, lamps and combinations will create a

Yanic Simard is the Design Editor of New Condo Guide and principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Yanic often applies his signature high/low and old/new combination design techniques in developing unique interiors. Simard has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca

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%

Capstone is developed by Fairborne Capstone Homes Ltd. E.&O.E.

604.929.8870 LIVEATCAPSTONE.COM · 135 WEST 1ST ST. OPEN 12 – 5PM DAILY (EXCEPT FRIDAYS)

· Prime Lower Lonsdale location · West facing 700 sq. ft. plans · Concrete Construction · 9' ceilings · Full-sized appliances

The Best 1 Bedroom & Den Homes on the North Shore from only $384,900

Down

5

MOVE IN THIS SPRING WITH ONLY

WEST 2ND ST

2 BLOCKS TO SEABUS

SALES CENTRE

WEST 1ST ST

CAPSTONE

061-Capstone 01-10-14.indd 1

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LONSDALE AVE

CHESTERFIELD AVE

LV D KW AY B

UB T EA PLA

COAST MERIDIAN RD

RIDGE PARK

ET R

EE

WA Y

PA R

LVD

COQUITLAM | PORT COQUITLAM | PORT MOODY | PITT MEADOWS

NE

V

VICTORIA DR

DR

A4

Barnet Hwy

ST JOHNS ST

LINCOLN AVE

COQUITLAM CENTRE

DEWDNEY TRUN K RD PRAIRIE AVE R

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A1. COMO

A4. CELADON

A2. BLOOM

A5. REGAN'S WALK

A3. BLUETREE HOMES AT MACKIN PARK

A6. CHARLAND

Sales Centre #101 - 618 Langside Ave. 604.939.8808

Brunette & Lebleu Presentation Centre located at 1020 Austin Ave. 604.939.8874

DEWDNEY TRUNK RD

1128 Kensal Place 604.871.4189

B1. ORCHID

2455 Wilson Ave. 604.866.4206

HARRIS RD

HAMMOND RD PITT MEADOWS AIRPORT

404 - 552 Clarke Ave. 604.936.0336

123RD AVE

207TH ST

VE TE A

Lou

Hwy

AU G

A3 T UNE

ug

Loug

AUSTIN AVE

A6

BR

MARI NE R WAY

MUNDY PARK

MUNDY ST

AUSTIN AVE

Lo

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B1

LINTON ST

SMITH AVE

COMO LAKE PARK

GATENSBURY ST

NORTH RD

ER

COMO LAKE AVE

CL

AR

A5 A1 A2

BLUE MOUNTAIN ST

KE

RD

TH

DR

216TH ST

PIONEER MEMORIAL PARK

INLET PARK

LA NS BL VD DOW

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210TH ST

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203RD ST

ROCKY POINT PARK

UN

AVE

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COAST MERIDIAN RD

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JOHNSON ST

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DAVID AVE IOC

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GOLDEN EARS BRIDGE

Sales Centre #408 - 552 Clark Rd. Burquitlam Plaza 604.492.0222

102 - 1020 Austin Ave. 604.492.3388

62 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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R RD

PHASE ONE 50% SOLD OUT

at mackin park

1 & 2 BED APARTMENTS

MARMONT ST

Mackin Park

NELSON ST

EDGAR AVE

VE TE A NET MACKIN PARK

KING EDWARD ST

BRU

LOU Sales Centre open daily 12 – 5 GHE ED H WY (Closed Thursday & Friday) 211 –TR1020 Austin Ave, Coquitlam A N S- C A N A DA HWY 604-939-8874

SCHOOLHOUSE ST

ALDERSON AVE BOILEAU ST

Prices are subject to change without notice. GST not included. E.&O.E.

ROCHESTER AVE

LEBLEU ST

From $199,900. Move in 2014.

BLUE MTN. ST

✓ Walkable neighbourhood ✓ Easy access to Hwy 1 ✓ Minutes from Lougheed and Braid SkyTrain ✓ Spacious floorplans ✓ Modern finishes ✓ Outdoor space with every home ✓ 1 or 2 parking included

AUSTIN AVE

Bluetree Home Store

See more at bluetreehomes.ca

063-Bluetre Mackin 01-10-14.indd 1

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2014-01-03 1:30 PM

hot communities for 2014

continued…

Tri-Cities

New outlook on connectivity // by susan m boyce

Bluetree Homes Mackin Park Maillardville On the Street 210 Le Bleu St. On the Web bluetreehomes.ca Info 604.939.8874 WalkScore 83 Bottom Line From $209,900. Lowrise Perks&Quirks Rare opportunity to own a brand new apartment home in historic Maillardville. Ask about the Customize Your Space Program.

Como: Burquitlam On the Street 630 Como Lake Ave. Presentation Centre 404 – 552 Clark Rd (Burquitlam Mall) On the Web comoliving.com Info 604.936.0336 WalkScore 72 Bottom Line Studios to two-bedroom and dens from $189,900. Lowrise.

Perks&Quirks Steps from West Coquitlam’s new Evergreen Line. Onsite amenities include fitness and yoga studios plus an entertainment lounge.

pictured top

Rapid transit remains a prime topic

West Coquitlam lowrise

of conversation in the Tri-Cities.

Poised to forever change the commute to downtown Vancouver, the much-anticipated Evergreen Line is underway, and new communities are springing into vibrant life around and near these new stations. Welcome to the new, connected life of the 21st Century — where your commute is measured in minutes, not miles.

Where possible, we’ve included WalkScore ratings from walkscore. com, which rates communities in terms of walkability and proximity to amenities, such as shops, eateries and other desirable urban features. It’s important to note such ratings are only one criteria buyers should use to assess prospective properties.

Orchid Port Coquitlam On the Street 2455 Wilson Ave. On the Web orchidcondos.com Info 604.866.4206 WalkScore 78 Bottom Line One- to two-bedroom with flex-space from $189,900. Lowrise.

Perks&Quirks 13 individual floorplans.

Backs directly onto the Traboulay Trail and Coquitlam River. Take advantage of pre-construction pricing.

Regan’s Walk West Coquitlam 611 Regan Ave. On the Web reganswalk.ca Info 604.492.0222 WalkScore: 77 Bottom Line One- to three-bedrooms from $229,900. Lowrise.

Perks&Quirks A short stroll to shopping, parks, schools and the new Evergreen Line.

Thoughtful features include kitchen pantry walls and built-in USB charging stations in most plans.

On the Street

continued on page 72…

64 metro vancouver new Condo Guide January 10 - 24, 2014

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COQUITLAM/PORT COQUITLAM/PORT MOODY

SMART FEATURE

Brilliantly-designed and wired tech nook for easy and secure WiFi connectivity and Internet access for those favourite tunes and online recipes!

DECK

N0.1 THE TECH NOOK

LIVING

MASTER BEDROOM

DW

KITCHEN

PANTRY + TECH NOOK

LINEN

PANTRY + M/W

W/D

+

DEN

Full-height, in-wall pantry provides abundant storage with built-in stainless steel microwave for added convenience.

ENTRY

Plan C

SMART PEOPLE DEMAND SMART FEATURES

629 sq ft

Regan July 29, 2013

Live a more connected life at Regan’s Walk in West Coquitlam.

COMO

And with SkyTrain access minutes away, you’re connected to every corner of our West Coast.

Construction has started, don’t miss your chance to step up to better living.

1-3 BDRM HOMES NOW SELLING

REGAN AVE

BURQUITLAM STATION

RD

NORTH RD

the smart features at Regan’s Walk. Outside, you’re connected to a thriving, walkable community.

CL A RK E

Inside, a brilliantly-designed and wired tech nook connects you to your digital life; Just one of

E LAKE AV

SALES CENTRE

SMITH AVE

COTTONWOOD AVE

SALES CENTRE + DISPLAY HOME Burquitlam Plaza, 408 – 552 Clarke Rd., Coquitlam. Open Daily Noon – 5pm (except Fridays) Marcon Regan Homes Ltd.

604.492.0222 REGANSWALK.CA January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 65

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In The News space permitting

BMO Economics Housing Report

Vancouver housing market springs back to life the Vancouver housing market has swung from “buyers” status to “balanced”, according to a new report from BMO Economics on Canada’s major housing markets.

The report titled “Canadian Housing Update: Tale of Four Cities” examines the state of the housing markets in Canada’s four largest cities: Vancouver, Calgary, Montreal and Toronto.

“At the lowest point, sales were down 33 per cent year over year, but have since pole-vaulted 50 per cent to near-normal levels,” said Sal Guatieri, Senior Economist, BMO Capital Markets. “Buyers held the upper hand last year, but the pendulum has swung toward balanced today. New home inventories, normalized for population growth, are only moderately above long-term norms.”

Mr. Guatieri noted that last year’s price drop of 6 per cent pales in comparison with the average 22 per cent correction that Vancouver has suffered on four other occasions since 1980. “The worst was a 35 per cent slide in the early 1980s, while the other three corrections clocked in at 22 per cent in the late 1990s, 17 per cent in the early 1990s and 15 per cent in 2008. Whatever you want to say about Vancouver’s market, boring it’s not.”

The report showed that affordability continues to be a challenge for the Vancouver market, with benchmark prices still topping eight-times family income.

“Detached house prices are likely to fall moderately when interest rates normalize and the opportunity cost of owning an expensive house goes up, while Vancouver’s detached house prices should decline moderately in the medium term,” stated Mr. Guatieri.

After a prolonged slide in sales and prices,

BMO Housing Market Scorecard for Four Major Cities and CanadA

Market Balance Existing Sales (y/y % change)

Sales vs. 10-year Mean (% change from average)

Prices (y/y % change)

Prices vs. Family Income (ratio of annual family income)

Mortgage Service Costs (% of family income)

Median Family Income

Calgary

Toronto

Vancouver

Montreal

Canada

Sellers

Balanced

Balanced

Buyers

Balanced

23.0

19.7

19.7

2.0

12.3

19.8

8.9

8.9

-9.1

3.0

7.6

4.1

4.1

2.4

8.5

4.1

6.6

6.6

4.1

5.0

23.1

39.3

39.3

23.1

29.0

100,500

72,400

72,400

73,200

76,700

The full report featuring the complete and sourced version of the scorecard above, can be downloaded at bmocm.com/economics.

BMO Economics Report “Tale of Four Cities” examines the state of Canada’s four largest housing markets ›› Vancouver home sales vaulted 50 per cent from earlier lows to near normal levels ›› H ousing prices sitting at eight times the median income — the highest among the four largest cities ›› Vancouver swings from “buyers” market to “balanced” according to BMO Housing Market Scorecard

Meanwhile, condos will remain an affordable option for young buyers as prices have fallen slightly in the past year and are little changed from six years ago.

“Mortgage service costs on a Vancouver condo consume 29 per cent of median family income, still within reach of most buyers,” said Mr. Guatieri. “We expect condo prices to remain flat in 2014, as healthy demographic demand from echo boomers and immigrants counters the downward pull of a moderately high number of vacant unsold units.”

Henry Donkers, Regional Vice President, Vancouver Westside and Richmond, BMO Bank of Montreal, reinforced the importance of ensuring long-term affordability when making a home financing decision.

“It’s prudent that prospective buyers work with their financial institution to stress test their mortgage against a higher interest rate to ensure long term affordability in the event that interest rates rise in the coming year as many expect is likely,” said Mr. Donkers.

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COQUITLAM/PORT COQUITLAM/PORT MOODY

N E-I V MO

IS TH

R! E MM U S

BE A PART OF THE TRANSFORMATION! ACTUAL VIEW SHOT TAKEN AT COMO

WE PAY THE GST. DON’T MISS OUT, ONLY 5 LUCKY BUYERS HAVE THE CHANCE TO TAKE ADVANTAGE OF THIS LIMITED TIME PROMOTION!* Studio, one and two bedroom boutique style condominiums in the up-and-coming West Coquitlam district.

COMO gives you the space you asked for, in a neighbourhood you already love at a price you can afford. Live within walking distance of everything and kiss your landlord goodbye from just $199,900!*

comoliving.com 604.936.0336 Sales Centre Clarke Road & Como Lake Avenue 404-552 Clarke Road, Coquitlam Open Daily Noon–5pm (Closed Fridays)

North Road

Como Lake Drive

Lo u

gh

ee

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Hw

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*Prices and incentives are subject to change or be withdrawn without notice. Prices quoted include net sales tax for owner/occupier only. Offering includes net GST and transition taxes to a maximum of 3.2%. Purchaser’s responsible for all other taxes and fees. Don’t miss out! See a sales representative for details.

E&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 67

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LEGAL ANGLE

Don’t let a Depreciation Report

Neil Mangan, JD, was born and raised in Vancouver, BC, where he leads the strata property practice group at Bell Alliance, Lawyers & Notaries Public (www.bellalliance. ca). Neil publishes the free online Strata Law Guide (www.stratalaw.ca) and is editor of The Condominium Manual: A Comprehensive Guide to Strata Law in British Columbia (www.condomanual.ca).

I

magine the following scenario. You search the city looking for your dream home. You find it. You fall in love. It is a beautiful condo in your favourite neighbourhood. You were pre-approved for a mortgage and, just your luck, your dream home is just

// BY NEIL MANGAN, JD

DERAIL YOUR FINANCING within your budget. Your offer to purchase is accepted, you send the details to your lender and start planning your move.

A few weeks later, you receive a surprise call from your lender. Your mortgage application has been denied because the owners in the strata corporation haven’t obtained a Depreciation Report. Your lender is concerned that you won’t have enough equity in the property to pay for unexpected repairs.

This is already happening and it is about to become a lot more common, especially for first-time homebuyers without large down payments. In 2009, BC’s government passed legislation making it mandatory for all strata corporations with five or more strata lots to obtain a Depreciation Report, subject to a few exceptions.

Why do Depreciation Reports matter?

All too often, unfortunate owners purchase dream homes only to have them turn into nightmares. I have heard many stories of new owners learning about long-standing building defects and desperately needed repairs only after moving into a strata property. Often, there is no official record of these problems until just before the money is raised to fi x them.

Depreciation Reports are a special kind of disclosure document that must be prepared by a qualified person. They contain a detailed inventory of a strata corporation’s assets and property, as well as its long-term financial liabilities, thus making it difficult for owners to cover up building and maintenance deficiencies and allowing current and prospective owners to plan for future investments.

Depreciation Reports are a special kind of disclosure document that must be prepared by a qualified person. They must contain a detailed inventory of a strata corporation’s assets and property as well as its long-term financial liabilities.

The hope is that Depreciation Reports will help reward those owners who invest in their buildings by increasing property values and that, conversely, strata corporations that choose not to make prudent investments or repairs will find this reflected in the market price of strata lots.

If you find your dream condo, try not to fall in love until after you read the Depreciation Report. In fact, read as many Depreciation Reports as you can. This will help you get a sense of what to expect. If there is no Depreciation Report or you have trouble obtaining a copy, odds are that the strata corporation is afraid that the Depreciation Report will uncover problems. As the old saying goes, it is what’s inside that counts.

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COQUITLAM/PORT COQUITLAM/PORT MOODY

Occupancy 2015

Riverside Condos from

$177,900

Winter Bonus! $2,500

Decorating Allowance!* D

2455 Wilson Avenue, Port Coquitlam Open Daily Noon - 6 PM (except Fridays)

Quantum Properties, a British Columbia company, has been developing properties and constructing multi-family residential and commercial buildings since 2000. The Quantum Properties Group of Companies includes Quantum Realty and Quantum Properties Construction.

Marketed by Quantum Realty Inc. and Trevor Street PREC, Keller Williams Elite Realty. 778.846.9096. Managed by the Quantum Properties Group of Companies. This is not an offering for sale. Any such offering may only be made by disclosure statement. E. & O. E.

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 69

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VA N C O U V E R | D O W N T O W N VA N C O U V E R SEABUS

RIN

R

E BROADWAY

E BROADWAY

W 12TH AVE KI

10

NG

RENFREW ST

W BROADWAY

E 1ST AVE

E 12TH AVE

SW AY

E KING EDWARD AVE

13

6 ED

W 6TH AVE

QUEEN ELIZABETH PARK

E 33RD AVE

E 29TH AVE

13 11

W 41ST AVE

3

E 41ST AVE

OAK ST

W 57TH AVE

MAIN ST

W 49TH AVE

RI

W 70TH AVE

SW

MA

NE

E 49TH AVE

DR

SE MARIN E

BOUNDARY RD

MA

AVE

VICTORIA DR

SW

8

INAL

KNIGHT ST

W KING EDWARD AVE

PACIFIC SPIRIT PARK

DUNBAR ST

L AL

7

W 16TH AVE

TE R M

MAIN ST

KM

6T

W1

1 9

CAMBIE ST

OO

VE HA

2 W BROADWAY

15 14

CORNWALL AVE

OAK ST

ALMA ST

W 4TH AVE W 10TH AVE

REY RD

5

16 VENABLES ST

COMMERCIAL DR

6 POINT G

JERICHO BEACH PARK

LVD

BR ST WE

UBC

E DR

LLOR B

BURRARD ST

NCE

GRANVILLE ST

CHA

ARBUTUS ST

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12

MCDONALD ST

NW M

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4

BURRARD INLET

DR

1. 188 KEEFER

7. SAIL

13. THE KERRISDALE GARDENS

2. KITS360

8. RADIUS

14. ROLSTON

3. WALL CENTRE CENTRAL PARK

9. MECCANICA

188 Keefer 604.620.2018

1777 West 7th Ave 604.737.0360 Boundry Road & Kingsway 604.874.9232

4. FRAMEWORK

231 Pender Street www.porte.ca/framework

5. VIEW 388

Presentation Centre 3594 East Hastings 604-330-8838 1

6. TATE ON HOWE 1265 Howe St 604-568-8283

108 - 3479 Westbrook 604.221.8878 4th Ave. & Fir 604.731.5522

First & Quebec 604.876.8819

10. BLUETREE HOMES ON MAIN STREET King Edward & Main 604.877.1116

11. KENSINGTON GARDENS 2220 Kingsway 604.620.7886

2128 W 40th Ave 604-559-9848

Presentation Centre: 140 - 1265 Granville Street 604.688.8927

15. ONE PACIFIC

33 & 66 Smithe Mews Vancouver Presentation Centre 88 Pacific Boulevard (on Pacific at Carrall) 604-899-8800

16. 900 HASTINGS

900 East Hastings Street 604-683-0900

12. KEEFER BLOCK Keefer St & Main St 604.682.8813

70 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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VANCOUVER

$347,900

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hot communities for 2014

continued…

Vancouver

World class, sustainable, innovative // by susan m boyce

Collingwood highrise

Framework Chinatown 231 Pender St. On the Web porte.ca/framework Info 604.620.6223 WalkScore 100 Bottom Line City flats ranging from studios to two-bedrooms. Midrise.

Perks&Quirks: Great location in the heart of Chinatown. Ultra-modern design with emphasis on functionality and beauty.

Register now for a new perspective on commuting.

On the Street

Opsal Southeast False Creek On the Street 29 East Second On the Web opsalliving.com Info 604.876.7332 WalkScore 92 Bottom Line From $347,000. Highrise.

Perks&Quirks Will be the tallest residential building in Southeast False Creek. Just steps to the newly opened Craft Beer Market (140 craft beers on tap) in the historic Salt Building.

Where possible, we’ve included WalkScore ratings from walkscore. com, which rates communities in terms of walkability and proximity to amenities, such as shops, eateries and other desirable urban features. It’s important to note such ratings are only one criteria buyers should use to assess prospective properties.

From UBC to Collingwood and Chinatown to Marpole,

Downtown highrise

the Lower Mainland’s largest city continues to attract worldwide attention as a place where creativity and sustainability are ingrained into the collective mindset.

Here two wheels are often more important than four, car co-ops and electric vehicle charging stations are commonplace and dog-wash stations have become practically de rigueur in the most tony condominium developments.

With recreational features including Stanley Park, the Seawall, plus a plethora of sports facilities, entertainment venues and restaurants, Vancouver has lots to offer the savvy new condo buyer.

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Prodigy UBC Wesbrook 106 – 5983 Gray Ave. On the Web adera.com Info 604.221.8878 WalkScore 62 Bottom Line Pricing coming soon. Midrise.

Perks&Quirks Adjacent to Mundell Park, extensive landscaping and water features including courtyard ponds extending right to the edges of some suites’ patios. Sales launch mid-to-late January, in time for Chinese New Year.

On the Street

Radius Kitsilano 4th Ave. and Fir St. On the Web ledmac.com Info 604.731.5522 WalkScore 97 Bottom Line One-bedroom and up from $429,900. Lowrise.

Perks&Quirks In the heart of Kitsilano just steps to Granville Island, Kits Beach and the shops of South Granville.

Construction underway.

East Vancouver lowrise

On the Street

Tate on Howe Downtown Vancouver On the Street 1265 Howe St. On the Web tateonhowe.com Info 604.568.TATE (8283) WalkScore 98 Bottom Line One- and two-bedrooms from $268,900. Highrise.

Perks&Quirks A 40-storey tower featuring unique, curvilinear glassand-steel architecture and spectacular amenities including fifth floor terrace gardens, gym, yoga studio and meeting/ conference rooms.

The Rolston Downtown Vancouver On the Street Drake and Granville Presentation Centre 1265 Granville On the Web therolston.com Info 604.782.0821 WalkScore 98 Bottom Line Two-bedrooms from $479,000. Highrise.

Perks&Quirks Last chance to own in this iconic building at the new gateway to downtown Vancouver. Private balconies plus two communal rooftop decks. Limited offer: developer pays $1,000/month toward your mortgage for three years.

Southeast False Creek highrise

View 388 East Vancouver On the Street 388 Kootenay St. Presentation Centre

3594 East Hastings St On the Web thind.ca/view388 Info 604.330.8838 WalkScore 75 Bottom Line One- to three-bedroom from $298,900. Lowrise.

Perks&Quirks Halfway between downtown Vancouver and SFU. Private outdoor terraces, great views and proximity to New Brighton Park, the PNE and transit.

Wall Centre Central Park The Gardens Collingwood On the Street Boundary and Vanness On the Web wallcentrecentralpark.com Info 604.874.9232 WalkScore 72 Bottom Line From $229,900. Highrise.

Perks&Quirks Own a Vancouver address in one of three, 30-storey towers. Steps to SkyTrain, Metrotown and the delights of Central Park.

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homebuying

1

Year Ahead

Poised for Growth in 2014

// by susan m boyce 1 3 Civic Plaza is tallest building south of the Fraser River and the third anchor in Surrey’s new downtown city centre.

Trendy, sophisticated and flexible, Glasshouse Lofts is the newest addition to the Port Royal masterplanned community in New Westminster.

2

3 River Green in Richmond features a riverside location, five-star amenities and a skybridge with art glass walls.

The Prescott in North Vancouver offers spectacular views and ideal location in Central Lonsdale.

4

It’s the New Year, a time when it’s tradition to plan, dream and predict. This year, as industry watchers and insiders throughout the Lower Mainland spend some time gazing into the proverbial crystal ball, an underlying theme of gentle but solid stability and growth for our local real estate market is emerging — more of the same but a little bit better.

“The term that comes to mind when I look ahead to 2014 is déjà vu,” says Mark Belling, CEO of Fifth Ave Real Estate Marketing. “However, I think it’s important to look at the coming year in context of the cycle we are in. So we’re really looking ahead to the next three years with the pattern of prosperity that started in 2013 to continue through 2014, which will be a set up year for modest growth in 2015 and 2016.”

Steady As She Goes

Speaking at two independent conferences near the end of 2013, two prominent experts — Michael Ferreira, managing principal of Urban Analytics, and Neil Chrystal, president and CEO of Polygon Homes — both made five predictions for 2014 and, perhaps not surprisingly, three of them were the same.

Continued low interest rates was top of the list for both men — and that’s good news for consumers. “There’s been a lot

of talk about how these low rates can’t be the norm,” Ferreira acknowledged. “But I do not see rates going anywhere anytime soon — certainly not over the next two years, possibly three.”

Ferreira and Chrystal both also ranked consistent international immigration, especially from Asia, and ongoing land supply constraints as two of their predicted top drivers for the coming year.

Ferreira stressed, however, that contrary to widespread belief, not all investor class immigrants are high net worth individuals.

“A lot are middle income: people like ships’ captains, bus drivers, technicians.

They’re buying in places like North Delta, Coquitlam and Burnaby, and they’re buying their homes to live in — not as a place to park money.”

Riding the Master Planned Wave

Another of Ferreira’s predictions for 2014 was to expect “urban masterplan mania” to continue ramping up, and he noted the upcoming Oakridge redevelopment by Wesbank and Shape Properties’ ambitious plans for Brentwood Mall are two he’ll be watching closely. “Surrey City Centre will also surprise people,” he added. “If you haven’t been there for a while you should go.”

Yosh Kasahara, Wesgroup Properties’ director of sales and marketing, also believes the movement toward thoughtfully conceptualized, masterplanned communities with a mixed-use component will gain momentum in 2014. “It’s no longer just an apartment or a townhouse, it’s about everything else around you — where you walk your dog, day care for your kids, proximity to your favourite restaurants.”

He points to River District in southeast Vancouver as one ongoing, successful example. “River District looks very organic but is actually carefully and purposefully planned to feel authentic.”

“More and more, people want neighbourhood amenities that become like an extension of their living/dining room,” adds Bill Szeto, president of Otezs Marketing. “I expect lifestyle considerations to become even more of a focal point in the home buying process in 2014.”

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2

2 Speaking to Buyer’s Dreams

As completion for homebuyer’s dollars heats up in 2014, many experts are stressing the need for more targeted product that speaks directly to consumer’s desires, needs and pocketbooks. “We must begin to concentrate on different offerings for different consumers — especially when we are considering the affordability factor,” Kasahara says. “For example, there are some people who absolutely need three bedrooms — a family with three kids who need to be in a specific location for work.

How do we make homeownership possible for them? It could be having smaller appliances and laminate flooring instead of hardwood. But what’s important is finding ways we can tailor our offerings to specific target demographics.”

And while affordability factors heavily into the home buying equation, it’s not the only consideration. Larger, more luxurious condos are making a comeback that’s expected to gain strength in 2014 — especially among the many wellheeled Baby Boomers who would likely find downsizing from a house to a twobedroom condo too severe a change.

“There is a whole mentality shift coming,” says William Lin, CEO of Rize Alliance. “For the last 20 years, we thought the only way to increase affordability was to decrease size. But it can become too much of a compromise. If an apartment, or even a townhouse, is so small it’s

3

unusable, it becomes more like an excuse for homeownership. Homes must feel comfortable and inviting — no matter what the size.”

The Bottom Line

For consumers planning a home purchase during the upcoming 12 months — no matter what that purchase looks like — 2014 is shaping up to be an exciting year. Low interest rates, less pressure to ‘hurry up and buy,’ plus ever more creative and enticing incentives offered by developers are expected to keep the market lively and diverse.

“Now is such a unique opportunity to get into the market,” Kasahara says. And being able to lock in your mortgage rate for five years is such a strong incentive to buy.”

“The biggest message buyers need to hear is that this is a great time for buyers to get into market,” Ferreira says. “So get out there and take the leap of faith.”

4

January 10 - 24, 2014 metro vancouver new Condo Guide 75

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homebuyers’ help

condo buyers’

resource section

You love the condo, see what you can afford!

Calculate your mortgage payments using the mortgage payment calculation chart

January 10 - 24, 2014 metro vancouver new Condo Guide 77

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homebuyers’ help

Calculate your mortgage payments interest rate

amortization period

chart figure

mortgage amount ÷ 1,000

monthly payment

example: 5%

25 years

5.82

125 (mortgage amount $125,000)

$

Follow these steps to see if you’ll qualify for a mortgage on your dream condo 01 Calculate the combined monthly before-tax income of you and your spouse.

02 Divide by three. This figure is the monthly payment you can afford to make on your condo.

03 Take the total price of the condo and subtract the amount of money you expect to make as a down payment.

This is the money you will have to borrow.

04 Refer to the chart on the opposite page. Look down the left column and locate the interest rate you expect to pay. Line this up with the amortization period of your choice. (Most first-time buyers take the 25-year amortization.)

05 Multiply this figure by the amount you need to borrow.

Divide by 1,000.

06 Add to this your estimated monthly heating costs and monthly property taxes.

07 If this figure is equal to or less than one-third of your gross monthly income (calculated in Step 2), you’ll qualify for a mortgage on your dream condo.

Bear in mind that this is a rough estimate.

If you have several other large loans already, you may qualify for less. Also, banks and trust companies vary in their policies. The best way to know what you can afford is to go to the lending institution of your choice and get pre-qualified.

78 metro vancouver new Condo Guide January 10 - 24, 2014

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Mortgage payment calculation chart

%

Amortization Periods

Interest Rates

10 years

15 years

20 years

25 years

30 Years

3.00%

9.65

6.90

5.54

4.73

4.21

3.25%

9.76

7.02

5.66

4.86

4.34

3.50%

9.88

7.14

5.79

4.99

4.48

3.75%

9.99

7.26

5.91

5.13

4.61

4.00%

7.38

6.04

5.26

4.76

10.11

4.25%

10.23

7.50

6.17

5.40

4.90

4.50%

10.34

7.63

6.30

5.53

5.04

4.75%

10.46

7.75

6.44

5.67

5.19

5.00%

10.58

7.88

6.57

5.82

5.34

5.25%

10.70

8.01

6.74

5.96

5.49

5.50%

10.82

8.14

6.85

6.10

5.64

5.75%

10.94

8.27

6.98

6.25

5.79

6.00%

11.07

8.40

7.12

6.40

5.95

6.25%

11.19

8.53

7.26

6.55

6.11

6.50%

11.31

8.66

7.41

6.70

6.26

6.75%

11.43

8.80

7.55

6.85

6.42

7.00%

11.56

8.93

7.69

7.00

6.59

7.25%

11.68

9.07

7.84

7.16

6.75

7.50%

11.81

9.21

7.99

7.32

6.91

7.75%

11.94

9.34

8.14

7.47

7.08

8.00%

12.06

9.48

8.28

7.63

7.25

8.25%

12.19

9.62

8.44

7.79

7.42

8.50%

12.32

9.76

8.59

7.95

7.59

8.75%

12.45

9.90

8.74

8.12

7.76

9.00%

12.58

10.05

8.86

8.28

7.93

9.25%

12.71

10.19

9.05

8.45

8.10

9.50%

12.84

10.33

9.20

8.62

8.28

9.75%

12.97

10.48

9.36

8.78

8.45

10.00%

13.10

10.63

9.52

8.95

8.63

10.25%

13.24

10.77

9.68

9.12

8.80

10.50%

13.37

10.92

9.84

9.29

8.98

10.75%

13.50

11.06

10.00

9.46

9.16

11.00%

13.64

11.22

10.16

9.63

9.34

11.25%

13.77

11.36

10.32

9.80

9.52

11.50%

13.91

11.52

10.49

9.97

9.70

11.75%

14.04

11.66

10.65

10.15

9.88

12.00%

14.18

11.82

10.81

10.32

10.06

12.25%

14.32

11.97

10.98

10.49

10.25

12.50%

14.46

12.13

11.15

10.67

10.43

12.75%

14.59

12.28

11.31

10.85

10.61

This table shows the monthly payment of principal and interest for each $1,000 of mortgage. Example: The monthly principal and interest payment for a $125,000 mortgage with a 25-year amortization period at 5% is as follows: ($125,000 รท 1,000) X 5.82 = $727.50 January 10 - 24, 2014 metro vancouver new Condo Guide 79

077-079 HomebuyersResource_CW.indd 79

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BRITISH COLUMBIA’S

NEW CONDO DEVELOPMENTS PROJ ECT

TYPE

C O N TA C T

PRICE

LR LR LR HR LR

604.854.1201 604.746.3496 604.557.1047 604.746.1551 604.850.3694

Call From $169,900 Call Call From $179,900

604.456.8883 604.291.9130 theamazingbrentwood.com libertyhomes.ca 778.331.0348 604.288.7394 604.320.3386 liveatburnabyheights.com 604.899.8800 604.899.8800 604.435.9477 604.435.9477 604.435.8866 604.439.9580 604.456.0688 604.431.6033 604.754.7338 604.437.0100 604.294.4995 604.527.7955 604.525.8496 604.435.8866 604.298.8800 604.438.1113 604.218.3338 veniceliving.ca 604.970.9606 604.874.9232

From Mid $200’s Call Coming Soon Coming Soon From $209,900 Coming Soon Call Coming Soon From $349,800 Coming Soon Call From $439,900 From $495,900 From $377,900 From $389,900 Call From $274,900 From $239,900 Call Call Call From Low $300’s From Low $300’s Call From $249,900 Coming Soon From $259,900 From $299,000

ABBOTSFORD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf BURNABY

Altitude Aviara Brentwood CentreBlock at Univercity Highland House Kabana Lift Madison Met 1, The Met 2, The Metro One Metro Two Metroplace Moda Modello OakTerra Oro Panacasa Perspectives Red Bricks Reflections Silver Solo District Station Square Trio Venice Vibe Wall Centre Central Park

HR HR HR HR MR LR LR/TH LR HR HR LR LR HR HR HR LR LR LR/TH HR LR HR HR HR HR LR LR LR HR SF/LR/TH LR

604.824.5062 1.800.830.7175

Call From $184,900

HR HR

604.472.1123 604.931.0302

Call From Low $200’s

Penthouse (PH)

Live Work (LW)

Real Estate Sales & Marketing From the ground up

City Home (CH)

C O N TA C T

PRICE

Bloom Celadon Charland Como Easton Emerson Evergreen Grand Central 2 Hazel MTwo MThree Maya Mackin Park Oasis Regan’s Walk

LR/TH HR LR LR LR LR HR HR LR HR HR LR LR HR LR

604.939.8808 604.942.8416 604.492.3388 604.939.0018 604.936.2012 604.936.9300 604.942.2672 604.936.1888 778.829.1500 604.472.9555 604.472.9555 604.288.9888 604.939.8874 604.464.2701 604.492.0222

From $249,900 From $369,900 Call From $189,900 From $339,900 incl. all tax Call From $267,900 From $309,900 From $220,500 From $599,900 From $291,900 Call From $199,900 Call From $199,900

LR

604.940.5533

From $324,900

LR HR

604.590.8003 604.594.7473

From $199,900 From $189,000

LR LR HR LR LR LR LR LR LR LR LR

604.882.8857 604.530.7011 604.534.7974 604.534.6000 604.533.7718 604.377.7000 604.427.3311 604.635.0643 604.514.1530 604.539.2200 yorksoncreek.com

From $137,500 From $194,900 Coming Soon From $199,900 From $159,900 Coming Soon From $199,900 Call From $224,900 From $139,900 From $179,900

LR LR LR LR LR LR LR

604.463.0588 604.318.5254 604.466.8783 604.477.1500 604.467.8884 604.467.9300 604.380.0300

From $139,900 Call From $149,900 Call Call Coming Soon From $189,900

Canu NORTH DELTA

Luxor Delta Rise LANGLEY

Athenry Gate Bearing Pointe Charleston Place Cornerstone Elements Focal Pointe Kensington Serenade Suede Varsity Yorkson Creek MAPLE RIDGE

223 North Cascada Edge on Edge Falcon Centre Parc Vue Station One Wellington Station

COQUITLAM

1123 Westwood Austin

TYPE

LADNER

CHILLIWACK / SARDIS

Garrison Crossing La Cason

PROJ ECT

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

Representing the best in New Home Sales across the Lower Mainland from Townhomes to Condos.

Homes starting in the $150’s

FIFTHAVE.CA 80 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

080-081-082-CG Listings Pages 2013.indd 80

2014-01-03 12:40 PM

all tax

The listings included on the following pages are meant to offer a comprehensive overview of those new home developments currently being marketed throughout Greater Vancouver and the Fraser Valley. Pricing is subject to change; you should contact the specific development for current details or special promotions. To report any changes or corrections to this information, please contact our office at 604.519.6080, fax 604.519.6088, or email homes@wall2wallmedia.com PROJ ECT

T Y P E C O N TA C T P R I C E

PROJ ECT

T Y P E C O N TA C T P R I C E

NEW WESTMINSTER

PORT COQUITLAM

258 on Sixth HR 604.377.9630 Call Brewery District HR 604.694.1188 Coming Soon Carlyle at Victoria Hill HR 604.523.0733 Call 604.525.8980 Call Dominion HR From $218,900 Duo at Port Royal LR 604.520.9890 Elliot St HR 604.524.8080 From $224,900 Glass House Lofts LR 604.520.9890 Call LR 604.523.0733 Call Grove, The Lookout at Victoria Hill, The LR 605.523.0733 From $239,900 HR 604.523.0081 From $266,000 Northbank Parksie HR 604.523.0733 Call HR 604.523.0733 From $239,900 Parkside at Victoria Hill HR 604.525.0223 From $299,900 Trapp & Holbrook LR 604.522.2583 From $321,900 Viceroy

Altura Avanti Burleigh Walk Carmandy La Via Orchid Shaughnessy, The South Verde Valorie on the Park Residences, The Alexandra Court Camber Cadence Carrera Centro Concord Gardens Emerald Gardens, The Harmony Monet Opal at Richmond Centre Ora Pier, The Remy River Park Place River Inlet Saffron

Penthouse (PH)

City Home (CH)

604.552.0552

Call

LR LR/HR HR HR HR/TH HR HR/TH LR HR HR HR HR LR LR HR MR/TH LR

604.278.5809 From $314,900 604.276.0677 Call 604.276.868 Call 604.244.7721 Call 604.270.8305 From $389,900 604.233.7748 From $300,000’s 604.244.8333 From $296,000 604.271.3331 From $254,900 604.278.3939 From $288,800 604.233.7748 From $300,000’s 604.303.7575 From $464,900 604.278.8838 Call 604.274.7326 Call 604.279.8866 From $211,900 From $229,900 604.282.7838 604.233.2633 Call 604.270.2482 Call

TH/LR TH LR

1.877.344.5566 604.898.2232 1.888.852.7575

From $239,000 Coming Soon Call

HR LR LR LR LR HR

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399 604.453.6688

Call From $170’s Coming Soon From $118,800 From $219,900 Call

SURREY

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone G3 Residences

Call From $134,900

Live Work (LW)

HR

SQUAMISH / WHISTLER

Aqua Elaho University Heights

PITT MEADOWS

778.846.3200 604.460.6601

From $219,900 Call From low $199,900 From $209,900 From $169,900 From $149,900 Call Call From $246,900

RICHMOND

15 West HR 604.980.9949 From $340,000 LR Coming Soon 221 East 3rd LR/LW 604.984.0700 From $299,000 700 Marine Drive Anchor, The HR 604.988.8800 From Mid $200’s MR/TH 604.983.9065 Call Atrium at the Pier Canyon Springs LR 604.973.0298 Coming Soon MR 604.929.8870 Call Capstone Destiny 2 at Raven Woods LR 604.929.1915 From $288,900 Drive, The LR 604.986.8138 Call Heywood on the Park LR 604.985.0003 From $288,900 Landing, The MR 604.983.9065 Call Local on Lonsdale HR/LR/TH 604.998.0219 From $309,900 Maplewood North LR 604.727.1594 From $378,900 Northlands LR 604.800.2120 From $244,900 LR 604.638.6240 From $309,900 Orizon Pinnacle Residences at the Pier MR 604.983.9065 Call Prescott, The HR 604.969.3333 From Mid $200’s Queen Mary LR 604.770.1645 From $349,900 Remix LR 604.924.4488 Call HR 604.980,5000 Coming Soon Seylynn Vilage Shore, The LR 604.980.0016 Call

LR LR

604.552.5887 604.468.2707 604.464.5856 604.435.9477 604.475.5100 604.866.4206 604.468.8252 604.468.8252 604.464.4764

PORT MOODY

NORTH VANCOUVER

Cedar Downs Liv42

LR LR LR LR LR LR HR LR LR

High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

Loft (LO)

Townhouse (TH)

January 10 - 24, 2014 METRO VANCOUVER NEW CONDO GUIDE 81

080-081-082-CG Listings Pages 2013.indd 81

2014-01-03 12:40 PM

PROJ ECT

Latitude Lingo Lumina Manarola Park Avenue Park Central Quattro Ultra at West Village Verve Wave

T Y P E C O N TA C T P R I C E

LR LR LR LR HR LR LR TH/HR LR HR

604.596.5075 604.727.5478 604.727.5478 604.825.1038 604.583.9866 604.817.5852 604.581.8000 604.588.6999 604.588.3783 604.951.9283

PROJ ECT

From $264,900 From $159,900 From $274,900 From $179,900 Incl. GST From $250,000 From $289,900 From $159,900 From $186,900 From $160’s From $279,900

CLOVERDALE

Latis One92 Salix

LR LR LR

604.575.0669 604.576.1772 604.530.0054

From $194,900 From $199,900 From $229,900

VANCOUVER & AREA DOWNTOWN

999 Seymour HR Fairmont Pacific Rim Estates HR Keefer 188 LR Keefer Block LR Maddox HR Mark, The HR Modern HR One Pacific HR Pacific Pt. HR Private Residences at Hotel Georgia, The HR Ritz, The HR Rolston, The HR Sapphire, The HR Tate on Howe HR

604.879.9996 From $327,400 604.781.4303 Call 604.620.2018 From $239,900 604.682.8813 From $269,900 604.669.8200 $389,900 604.687.4353 Call amacon.com From $300’s 604.899.8800 From Low $300’s 604.685.0855 From $349,900 604.682.8107 Call 604.876.9222 From $829,900 604.688.8927 Call 604.876.9222 From $699,900 604.568.8283 From $268,000

LR LR HR LR HR LR LR MR LR LR LR MR LR HR LR MR HR

5555 Dunbar LR 6 & Fir HR Academy HR Arbutus Ridge MR Binning Tower HR Cambie & 7th HR/TH Elizabeth LR Empire at QE Park LR Granville at 70th HR James MR Kerrisdale Gardens MR Kits360 LR Lido HR MC2 HR Meccanica HR Opsal HR Pinnacle Living Broadway MR Pinnacle Living False Creek MR Prelude MR Radius LR Riley, The LR Sail LR Shannon Wall Centre Kerrisdale LR Sixth and Willow The Village on False Creek HR Westerly, The LR Yu MR Brio Tsawwassen Springs

604.568.7551 Call 604.899.8858 From $449,900 604.228.8895 Call 604.738.0001 Call 604.646.1111 From $499,900 604.568.5060 Call 604.877.1722 Call 604.687.8800 Coming Soon 604.687.2298 Call 604.675.1000 From $424,900 604.559.9848 Call 604.737.0360 From $379,900 604.872.2672 From $458,900 604.638.9998 From $259,000 604.876.8819 From $394,900 604.876.7332 Call 604.739.2080 From $429,900 604.874.8368 From $369,900 778.986.7860 Call 604.731.5528 Coming Soon 604.616.7008 From $347,500 604.221.8878 Call 604.267.8882 Call sixthandwillow.com Coming Soon 604.733.2010 From $390,500 604.558.3399 From $300,000’s 604.827.3488 From $452,400

LR SF/LR

604.943.8811 Call 604.948.HOME Call

WEST VANCOUVER

Evelyn Galleries on the Bay

238westbroadway.ca Call 604.800.8862 From $269,900 604.682.8801 Call 604.569.3388 From $227,900 604.687.4353 Call 604.330.8838 From $266,900 604.569.1555 Call 604.872.0331 From $269,900 604.620.7886 Call 604.688.5527 From $349,900 604.877.1116 From $339,900 604.261.3936 Coming Soon 604.434.2205 Coming Soon 604.436.1100 Call 604.303.8838 From $219,900 604.683.0900 From $249,900 604.874.9232 From $299,900 Penthouse (PH)

WEST SIDE

TSAWWASSEN

EAST SIDE

238 W Broadway 2nd & Commercial Block One Bohème Central Charm Collection 45 Evan Kensington Gardens Local Main Street Shine Shoreline Skyway View338 Wall Centre 900 Hastings Wall Centre Central Park

T Y P E C O N TA C T P R I C E

Live Work (LW)

City Home (CH)

LR LR

604.922.0330 Call 604.836.7355 From $490,000

WHITE ROCK / SOUTH SURREY

Adagio Avra Edgewater Gemini Headwaters Heights, The Kingston House Morgan Crossing Newport at West Beach Royce Saltaire Sausalito Winter Street High Rise (HR)

Mid Rise (MR)

Low Rise (LR)

LR HR LR LR LR LR LR LR LR LR LR LR LR Loft (LO)

604.531.6659 From $288,900 604.531.9030 From $319,900 604.535.9655 From $229,900 604.536.1663 Call 604.535.1451 From $259,000 778.545.8737 Call 604.541.8092 Coming Soon 604.582.1336 From $275,900 604.536.0256 From $259,000 604.538.8028 From $332,900 604.560.1656 Call 604.538.3237 Call 604.364.7455 From $299,900

Townhouse (TH)

New homes available throughout

www.macmarketingsolutions.com Metro Vancouver & Calgary We sell the homes you want to buy. /MacMarketingSolutions

@MAC_Marketing

/MACMSTube

82 METRO VANCOUVER NEW CONDO GUIDE January 10 - 24, 2014

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