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February 7 - 21, 2014 Volume 04 Issue 03

MODERN 1 & 2 BEDROOM APARTMENTS IN COQUITLAM’S HISTORIC MAILLARDVILLE INSIDE THIS ISSUE

THE BENEFITS OF BUYING EARLY

MORTGAGE 101: BE A SMART BORROWER

MOVING WITH MANNERS


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105 AVE

156 ST

154 ST

Guildford Town Centre

152 ST

104 AVE

100 AVE

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 3

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SHOW SUITES OPEN 1300 Rolston St.

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604.782.0821 theRolston.com

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FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 5

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UNIVERSITY DR

NEW CITY HALL

SURREY CENTRAL SKYTRAIN

KING GEORGE BLVD

104 AVE

SFU

6 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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SOUTHEAST FALSE CREEK’S MOST AFFORDABLE HOMES

COMING SOON CANVAS is the next bright idea coming to the False Creek Flats in the world-class Southeast False Creek community. At the crossroads of the city, CANVAS is walking distance to the seawall, transit and restaurants, while neighbouring the Great Northern Way Campus and future home of Emily Carr University of Art + Design.

Register Today 604.875.8508 ONNI.COM

TM

group

This is not an offering for sale. Any such offering can only be made by way of disclosure statement. Renderings are artists interpretation only. E.&O.E.

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TABLE OF CONTENTS

February 7 - 21, 2014 VOLUME 4 ISSUE 3

16

BLUETREE HOMES AT MACKIN PARK

Modern living: heritage neighbourhood

COLUMNS, NEWS & FEATURES

72 012 EDITOR’S NOTE COLUMNS

022 CONDO SENSE The first time buyer’s decision

BY CAMERON MCNEILL

026 FINANCES The lost art of saving BY GAIL VAZ-OXLADE

008_010 4Stephanie_TofCFINAL.indd 8

032 F UNDAMENTALLY SPEAKING Mortgage essentials —

054 I NSIDE MORTGAGES The value of Depreciation Reports

034 M  OVING ETIQUETTE Bring your good manners with you

060 C  ONDO MARKET WATCH Condominium homes to keep your eye on

BY WAYNE KARL

BY CHUCK RESNICK

046 L  EGAL ANGLE Don’t shop alone

BY KRIS GRASTY

BY SUSAN M BOYCE

BY NEIL MANGAN

2/3/2014 10:39 AM


NEW YEAR’S MANAGER SPECIAL

LIMITED SUPPLY – ONE BEDROOM $289,900 * An exclusive residential enclave of one, two & three bedroom creekside apartment homes – the newest Shangri-la south of Marine Drive on the naturally quiet side of North Vancouver.

adera.com | 604.980.0016 MA

RI

FELL

NE

This home featuring: • • • •

PRESENTATION CENTRE 238 FELL AVENUE NORTH VANCOUVER OPEN 12 – 5PM, DAILY

593 Sqft Walk through closet Balcony for entertaining Great pantry for storage

BRUNSWICK | PLAN B 1 BEDROOM, 1 BATH | 593 SQ.FT.

DECK

UNIT 229

LIVING / DINING

MASTER BEDROOM

KITCHEN

PANTRY

BATH

W/D

All areas approximate. Buyers are strongly encouraged to check the latest architectural plans before making a final choice. Variable conditions occur throughout the development. Marketing collateral such as floorplans, renderings, material specifications, and site conditions are solely for illustrative pu

*OFFER AVAILABLE UNTIL FEBRUARY 24, 2014. LIMITATIONS APPLY. CONTACT SALES FOR DETAILS. THIS IS NOT AN OFFERING FOR SALE. SALES BY DISCLOSURE STATEMENT ONLY. E&OE. SHORE PROJECTS LTD. ADERA REALTY CORP. 2200 – 1055 DUNSMUIR ST., VANCOUVER V7X 1K8 | 604.684.8277

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Vice-President, Wall2Wall Media

Jacqueline Hill Editor-In-Chief / Director of Content

Susan Legge

66

Director of Sales, National

Josh Heppner Senior Sales Manager, Western Canada

Edwin Rizarri

66

Art Director

Sarah Jang Editor

Diane Duflot Contributing Editors

Lydia McNutt Sara Duck Wayne Karl Design Editor

Yanic Simard

Media Consultants

Dave Bird 604.319.7102 Brenda Everitt 604.319.7103 Sales Coordinators

Justin Salvador Ranee Pal

26

Production Manager

Bala Gnanapandithan Graphic Designer

Caroline Wassef Production Co-ordinator

Mohammad Haidarpour CONTRIBUTING EDITORIAL WRITER

Susan M Boyce

Published By

34

066 B  UYER PROFILE Norbert moves up at Delta Rise

076 C  ONDO MARKET A seller’s market to kick off 2014

072 DESIGN Bold black as a chic interior basic

077 HOMEBUYERS’ RESOURCE SECTION

BY SUSAN M BOYCE

BY YANIC SIMARD

008_010 4Stephanie_TofCFINAL.indd 10

BY LYDIA MCNUT

080 L  ISTING DIRECTORY

MAPS

014 Tri-Cities 024 Maple Ridge/Pitt Meadows 028 Vancouver 036 North Shore 044 Burnaby/New West 050 R ichmond 056 Surrey/Langley 068 South Surrey/Whiterock

4180 Lougheed Highway Suite 102 Burnaby BC V5C 6A7 T. 604.519.6080 F. 604.519.6088

Call 604.519.6080 for a­ dvertising 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.

2/3/2014 10:39 AM


WATER VIEWS + PARKSIDE LOCATION +

2 BLOCKS TO SKYTRAIN

+ ONLY 10% DEPOSIT.

PLAN 01 Actual view from home 1001 shown below

1 BEDROOM, 1 BATHROOM 630 SQ.FT.

SO MUCH, SO CENTRAL. BALCONY

630 SQ.FT. 1 BEDROOM* HOMES

PRICED FROM $266,900

BEDROOM

MOVE IN SPRING 2014 BATH

604.523.0081 PRESENTATION CENTRE AT 18 BEGBIE

LIVING/DINING

KITCHEN

W/D

DW

P

northbank.ca

*Developer reserves the right to make changes to specifications and pricing without notice. Price not for home shown.

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Floors 5–21


EDITOR’S NOTE

BUYING MADE EASY THREE SIMPLE STEPS

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

Shopping for a home online is a great way to narrow your search, but there’s nothing like visiting the sites, sales offices and model suites to get down to the nitty-gritty. Before you venture out, here are some pointers: First, be clear on what you want and expect in a new home and in your builder. Remember, the range of prices in the new-home market generally reflects differences in location, features and home styles. If a builder’s pricing seems out of whack with others in the area, ask for an explanation. Higher prices could mean better quality materials, finishings, features and service. Make sure that the price you are paying reflects the quality you want.

Second, understand exactly what is included with the home you are buying and what is optional. Ask the sales representative to show you samples, and request a “spec” sheet that clearly lists what is included, as well as any upgrade options. Third, evaluate any promises that have been made during your visit. Is the builder prepared to put them in writing? Hearsay comments should not be included as part of your evaluation process. Sit down with your sales representative, ask questions and discuss your Agreement of Purchase and Sale in detail – then take it to a lawyer before signing on the dotted line.

RRSP DEADLINE FAST APPROACHING

DIANE DUFLOT

EDITOR

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

March 3rd, the 2014 deadline for making RRSP contributions, is just around the corner. If you have yet to make your maximum contribution for 2013, don’t delay. RRSPs can be a boon to first-time homebuyers, who can withdraw up to $25,000 tax-exempt, thanks to the Home Buyers’ Plan (HBP). Although second-time homebuyers can make use of their RRSPs, the funds they withdraw are considered part of their annual income, so they will have to withdraw money carefully to avoid being bumped up to the next income bracket, and taxed accordingly. According to the 24th Annual RBC RRSP Poll, “more

Canadians are citing saving for retirement as a top financial priority compared to those who are prioritizing paying off debt.” Contribute what you can before this year’s deadline, and consider enrolling in a Continuous Savings Plan (CSP) to keep you on target for next year. By making automatic deductions of a specified amount of money, a CSP can ensure that RRSP contributions remain a priority, helping increase overall savings. This is a win when it comes time to draw on your RRSPs, whether to invest in property or to retire. Happy new condo hunting!

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YOUR GREENER PATH. Every aspect of a Maskeen home is guided by our belief that the homes we live in should be respectful of our natural surroundings.

Studios & 1 Bedrooms starting from

$159,900 Including Net GST

604.727.5478

lingoliving.ca Now Selling Open Daily 1-5pm (Except Fridays) 5665 177B Street, Surrey, BC

2 & 3 Bedrooms starting from

$274,900 Including Net GST

604.727.5478

luminaliving.com Sales Centre Opening Soon

Over 20 Years of Sustainable Building Experience. maskeen.ca

SALES AND MARKETING BY ROYAL LEPAGE CORONATION PARK

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2013-07-30 1/31/2014 10:45 5:35 PM AM


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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

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MARI NE R WAY

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AUSTIN AVE

BLUE MOUNTAIN ST

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COMO LAKE PARK

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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

A7. UPTOWN

bosaproperties.com 604-939-2677

14 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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216TH ST

PIONEER MEMORIAL PARK

INLET PARK

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210TH ST

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203RD ST

ROCKY POINT PARK

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HARRIS RD

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1/31/2014 4:52 PM

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SOUTH BUILDING OVER 50% SOLD

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

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

SCHOOLHOUSE ST

ALDERSON AVE BOILEAU ST

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

ROCHESTER AVE

LEBLEU ST

From $202,900. Move in Fall 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 ✓ Parking included

AUSTIN AVE

Bluetree Home Store

See more at bluetreehomes.ca

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COVER STORY

BLUETREE HOMES AT MACKIN PARK MODERN LIVING: HERITAGE NEIGHBOURHOOD // BY SUSAN M BOYCE

Now that the first building is almost complete, you can really see how these apartment residences are redefining the entire corner. LORI DYCK

OKAY, IT’S TRUE. When it comes to Maillardville, I have a bit of a soft spot in my heart. There’s an engaging charm, a warm sense of welcome to this historic neighbourhood that I find totally irresistible — like I’ve somehow stepped back in time but can still enjoy all the distinctly 21st Century flair I love. Which is why I’ve been keeping close watch on the way Bluetree Homes at Mackin Park has been progressing. Clearly, I’m not the only one. “Almost everyone who comes into the presentation centre has already driven past the site and wants to learn more,” says sales manager Lori Dyck. “The architecture is so striking, so unique — and now that the first building is almost complete, you can really see how these apartment residences are redefining the entire corner.” Striking indeed. From the street, cleverly staggered balconies create the lively sense of movement and neighbourhood connection that I’ve long associated with the vibrant French Canadian villages that are Maillardville’s heritage. At street-level, retail spaces with soaring 20-something-foot ceilings and huge patios that effortlessly blend

indoor and outdoor spaces are taking shape, apparently just waiting the arrival of trendy boutiques or fun’n’fabulous eateries. I find myself already thinking ahead to spontaneous summertime get-togethers with friends — sipping cool drinks and sharing our latest bicycling or shopping adventures. Mind you, from a previous visit when the first of Mackin Park’s two buildings was still being framed, I remember that the views from those staggered, private balconies were dazzling — Mount Baker and all the way round to the Patullo Bridge from the south-facing homes and intimate garden or mountain views to the north. Could be tough to choose, but after all, choice is always good.

16 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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and transit — the Braid Street SkyTrain Station is barely a 10-minute walk — to outdoor activities, SFU and the freeway. Plus there’s always something going on here. For example, did you know Maillardville is the largest Francophone community west of Winnipeg and that for many years, the Festival du Bois has been the biggest cultural event in Metro Vancouver?” I do now. We take a few minutes to compare notes on some of our favourite hot spots for casual dining, and soon agree it would be tough to choose between the new Town Hall just down the road or the fun-loving John B Pub on Austin. “And of course, there’s Mackin Park right across the street — perfect for picnics when you’re not using the walking trails or sports fields,” Lori says.

Home Ownership Never Looked Better Best of all, Bluetree Homes at Mackin Park has just made home ownership easier. “People are thrilled when they realize they can buy a brand new, onebedroom home here for around $200,000,” Lori says. “We’ve also responded to market demand by offering a large number of one-bedroom and one-bedroom plus den plans,” Lori says. “And for downsizers, there are two-bedroom and den homes that make a fantastic transition from single-family living to the convenience of lock’n’go living.”

Vibrant and Active As the first new condominium residence in this neighbourhood for years, you can bet Bluetree Homes at Mackin Park is causing a buzz among the people who already know and love this ’hood. “Many of our early buyers already live in Maillardville and are delighted they can finally purchase a brand new home right here,” Lori says. Proximity to a diverse array of amenities, she adds, is typically one of the “oh wow” features these savvy locals say is why they simply don’t want to live anywhere else. “You’re close to everything from shopping

Bluetree Homes at Mackin Park is located at Brunette Ave. and Le Bleu St. in Coquitlam. Priced from $202,900 with move-ins anticipated to begin this fall — so you’ll be all settled in time for Christmas celebrations. The sales centre is open noon to 5 p.m. Saturday through Wednesday at 211 – 1020 Austin Ave. in Coquitlam. For more information visit bluetreehomes.ca or call 604.939.8874. FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 17

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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 18 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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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

EXCLUSIVE FINANCING PACKAGE NOW AVAILABLE VISIT TODAY FOR DETAILS.

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 North Road

Como Lake Drive

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

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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. 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

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COQUITLAM/PORT COQUITLAM/PORT MOODY

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COQUITLAM/PORT COQUITLAM/PORT MOODY

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CONDO SENSE

// BY CAMERON MCNEILL

THE FIRST TIME BUYER’S DECISION

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

A

s a Real Estate Sales and Marketing firm, we spend some of our time educating first time buyers about homes. We find that the greatest amount of hand wringing arises not about location, or interior features, or even amenities. Trying to make many micro decisions cloaks the greatest uncertainty of all: when the buyer will be mentally and emotionally ready to make the purchase decision. The mantra that buying a home is often the largest financial decision you’ll make in your life remains true. The first step tends to be the hardest — and first time buyers are the most hesitant when it comes to making a decision. We are inundated with world news and economic statistics, and it all boils down to one principle: change. Change is all

around us all the time. Amidst change and uncertainty, it can be especially hard to feel confident when placing so much of your life savings into one asset. But a home is unlike any other savings vehicle available. A home is your shelter. It’s a gathering place for your loved ones and your cherished possessions. It’s where you rest and rejuvenate. And, once you own, you begin building equity in a housing asset and become a part of the housing market. Even if housing values decline in five years, you may be able to realize greater overall savings when you trade up to a larger property that has also seen its value decline. If housing values appreciate, you’ll have realized capital gains in addition to having more savings to show for yourself. Over the long term, the economy grows, and the value of most investments increases. A home is not an investment decision that you should try to time with overall market conditions. Rather, buying a home is a deeply personal decision that needs to suit your financial abilities and your lifestyle. If you find a home in a great neighbourhood with amenities nearby, that’s a size that you can live with (it’s a bonus if you need to clean out clothes and possessions you no longer need), that has a layout that suits your everyday habits, and if you are making a financially prudent purchase within your means from a reputable developer, then you will have made an excellent financial decision. You will be a part of the housing market, and every mortgage payment you make will go towards both the roof over your head today and your savings tomorrow. METRO VANCOUVER RESIDENTIAL AVERAGE SALE PRICES JANUARY 1977 – SEPTEMBER 2013

NOTE From 1977-1984 attached home and condominum averages were tracked together. SOURCE Real Estate Board of Greater Vancouver.

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COQUITLAM/PORT COQUITLAM/PORT MOODY

BUYING AN ORCHID CONDO IS A WALK IN THE PARK Occupancy 2015

Gates Park and Traboulay PoCo Trail right on your doorstep!

Riverside Condos from

Traboulay PoCo Trail

$178,900

Orchid’s carefully crafted layouts showcase urban contemporary designs inside and out with everything you love at your doorstep. You’re only steps from the river, adjacent to the Traboulay PoCo Trail and a 5-minute walk from the West Coast Express. On-site amenities include 3 fitness rooms, a yoga studio, sauna, theatre room, pet washing room and a bicycle workshop... to name just a few. Don’t miss out! Purchase your new Orchid condo now at special pre-construction prices!

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Orchid Presentation Centre

Gates Park

ME! I T ITED LIM ,500 G $2 ATIN * R O DEC WANCE O ALL

2455 Wilson Avenue Port Coquitlam Open Daily Noon - 6 PM (except Fridays) WE ACCEPT DEPOSITS PAID BY:

Cheque • Credit Card • Bitcoin

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.

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VI

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VICTORIA DR

DOMINION AVE

224TH ST

DEWDNEY TRUNK RD

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210TH ST

DEWDNEY TRUNK RD

Hw

216TH ST

y M EADOW GARDENS

124TH AVE

232RD ST

228TH ST

DEWDNEY TRUNK RD

1 240TH ST

PITT M EADOWS

S BONSON RD

207TH ST

AIRPORT

R IVE

R RD 116TH

248TH ST

2 3

HAMMOND RD

227TH ST

4

DEWDNEY TRUNK RD

224TH ST

123RD AVE 203RD ST

FORD RD

HARRIS RD

GOLF COURSE

HARRIS RD

AVE

D E R BY R EACH R E G I O N A L PA R K

A KA KAN

WAY

110TH AVE 108TH AVE GOLDEN EARS BRIDGE

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240TH ST

OTTAWA ST

PITT MEADOWS | MAPLE RIDGE

102TH AVE

MAPLE RIDGE 1. FALCON CENTRE 11862 226th Street 604.477.1500

2. EDGE ON EDGE 12075 Edge Street 604.466.8783

3. PARC VUE

22245 Lougheed Hwy. 604.467.8884

4. 223 NORTH

#101 - 22318 Lougheed Hwy. 604.463.0588

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PITT MEADOWS/MAPLE RIDGE

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MONEY MATTERS

// BY GAIL VAZ-OXLADE

you aren’t THE LOST ART Ifsaving, you’re OF SAVING asking for trouble

D

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

So why aren’t we saving? It really doesn’t matter what reason we give – too much debt, high cost of living, taxes – the real reason we aren’t saving is because we’ve forgotten how important it is to save.

espite all media warnings, financial planners’ tut-tutting and the popularity of books such as David Chilton’s The Wealthy Barber which made its fame telling a simple story – “Save 10 per cent” – we are a spendthrift bunch. We haven’t always been. We saved ten per cent or more for twenty years, from 1973 to 1993* - more than enough time to have established the habit. Our savings rate reaching a peak of 18.5 per cent in 1982 (In our enthusiasm, did we overdo a good thing?), we bounced around the ten per cent mark for about a decade, and then in 1993 we began our great slide. By 1999 we’d hit a low of 3.6 per cent and in April of 2007, we finally made it into negative territory: our savings rate was -1.4 per cent. Yes, we were officially spending more money than we made. Negative 1.4 per cent is a long way off ten per cent, and an even longer way off the RRSP contribution limit calculation, which is based on putting aside 18 per cent of earned income. You could blame our higher taxes and you’d be somewhat justified. Taxes as a percentage of our total incomes rose from 18.43 per cent in 1973 to 23.9 per cent in 1999. But you would also have to take a close look at our spending habits. What we spend on goods and services has gone up steadily since 1982. And we’ve availed ourselves of more credit. Liabilities - what we spend on our credit cards, loans, mortgages and the like – rose from .67 per cent of our annual income in 1982 to over 4.9 per cent in 1999. Consumer credit – the money we borrow to feed our passion to consume stuff – makes up a big chunk of that as it rose from -.06 per cent in 1982 to 1.34 per cent in 1999. And according to a report entitled Canadian Economy: Personal Savings Rate put out by Industry Canada, in 1998 total accumulated debt per household in Canada was equal to 114 per cent of after tax income. Whew! How could we possibly save anything when we’re spending more than we’re making servicing our debt? These figures seem to fly in the face of most of the predictions for how the baby boomers will behave as they age. In Boom Bust and Echo, David Foot asserted: “When you are young, you are a borrower. In your 40’s and 50’s, you are trying to build a nest egg for retirement.” Financial advisors are standing by, holding their breaths, waiting for the money to come pouring in as boomers hit their peak earning years. Yet since 1993 as we watched the first of the baby boomers turn the corner to middle age, Canada savings rate has plummeted despite a healthy economy, low inflation and more being written about money than every before in history. So why aren’t we saving? It really doesn’t matter what reason we give – too much debt, high cost of living, taxes – the real reason we aren’t saving is because we’ve forgotten how important it is to save. Perhaps the gloomiest part of the savings picture is the legacy we are leaving our children. Not only are we teaching them how to be avid consumers: spending their money on everything from trading cards at $5 a pop to horrendously expensive video gaming toys; we are, by omission, teaching them not to save. And we’re willing to

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allow credit purveyors to entice our children into a world of debt with nary a lesson on how to keep a balanced financial picture. For while credit card companies wouldn’t dream of issuing a credit card without an adult meeting significant credit criteria – they’d have to have a job, for example – students in university are assaulted by easy credit, making it easy for them to dig debt ditches they must subsequently struggle out of.

WHY SAVE Saving gives us a sense of security and mastery over our finances. As our savings grow – be they in a run-of-the-mill savings account or invested in equities – we can take pride in our sense of discipline and increased ability to weather a storm. The more we’ve accumulated in savings, the harder those savings work for us. It can be truly rewarding to see substantial sums of money generated solely by our savings. Saving takes us closer to our goals. It also creates a strong sense of independence by putting us squarely in a position of control. We have the resources to cover unexpected expenses without incurring debt at high rates of interest. We have the flexibility to take advantage of investment opportunities as they arise. We can change jobs, change homes, change countries without the sense of anxiety that comes from existing paycheque to paycheque.

HOW TO SAVE This is perhaps the area in which we are the most confused. If we sock away $5,000, TEACHING CHILDREN TO SAVE $10,000 or $15,000 a year in a retirement savings plan, we’re doing a great job of One of the most effective ways of saving, right? Well, not exactly. If we had to borrow the money to make that RRSP motivating a child to get into the contribution, we won’t actually have saved a nickel until that loan is paid off. And if savings habit is with a savings-matching we stuck $2,500 away in an RESP for junior and then promptly upped our line of program. You offer to match every dollar credit balance by a similar amount, we haven’t saved a cent. your child saves within a specific period People playing games – stealing from Peter to pay Paul. But they not saving. To of time with a dollar of your own. actually save a dollar you have to take that dollar out of your cash flow. Putting it in a “Molly, here’s the deal. If you can save GIC and then spending it on a credit card doesn’t count. You must make the sixty dollars by the end of the summer, commitment that current expenditures will not exceed current income. You’ve got I’ll match that amount so you can to spend less money than you make. begin investing.” The you-don’t-have-to-think-about-it way of saving is to use an automatic debit If watching your money grow in a from your chequing account to your savings account, so the temptation to spend the money is removed. Yes, it’s a bit of a head-game to trick yourself into saving. But hey, savings or investment account doesn’t turn you on you’ll have to find some if it works! Not everyone is a born saver, after all. Some people must play the game to other motivation for saving. How about achieve their goals. this: Just for one moment be a pessimist. Back to David Chilton’s The Wealthy Barber. The advice was sound in this What if you lost your job, got sick or short-but-sweet bestseller. Basically it boiled down to pay yourself first; put savings in smashed up your car? Those are all good a separate account; and be consistent. If you wait to see what’s left over after your expenses you’ll be justified in not saving because you won’t have much left. That’s the reasons to save. So is putting aside enough so you don’t have to depend on way it is with money. Smart savers do it the other way around. The take the money anyone else – be it the government or they want to save and hide it before they can spend it. Sure it may mean cutting back your children – to take care of you when a little, but that usually doesn’t hurt as much as most people think it will. days of heading into the mines are over. This all sounds like pretty basic information, nowhere near as exciting as a discussion of the stock market, technical analysis or long-term projections for the *All figures based on Statistics Canada economy. But as simple a concept as saving appears to be, it’s the one that is being National Economic and Financial missed. And if you’re not talking about saving at home, there’s little to motivate your Accounts unless otherwise stated. child to develop this life-long habit. So start talking about it. FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 27

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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 E HASTINGS ST

MA

RIN

ED

W 6TH AVE W BROADWAY

E BROADWAY

10

QUEEN ELIZABETH PARK

3. WALL CENTRE CENTRAL PARK

Boundry Road & Kingsway 604.874.9232

4. ROLSTON

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E 12TH AVE

SW AY

E 33RD AVE

E 29TH AVE

11

W 41ST AVE

R

3

E 41ST AVE

MAIN ST

OAK ST

RI

SW

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

NG

14

W 70TH AVE

2. ONE PACIFIC

KI

E KING EDWARD AVE

W 57TH AVE

188 Keefer 604.620.2018

E BROADWAY

W 12TH AVE

W 49TH AVE

1. 188 KEEFER

E 1ST AVE

5. VIEW 388

Presentation Centre 3594 East Hastings 604-330-8838 1

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

7. SAIL

108 - 3479 Westbrook 604.221.8878

8. RADIUS

4th Ave. & Fir 604.731.5522

9. MECCANICA First & Quebec 604.876.8819

MA

NE

DR

E 49TH AVE

SE MARIN E

DR

BOUNDARY RD

SW

DUNBAR ST

L AL

W KING EDWARD AVE

PACIFIC SPIRIT PARK

AVE

VICTORIA DR

KM

7

W 16TH AVE

8

INAL

KNIGHT ST

OO 6T

W1

W BROADWAY

TE R M

13

MAIN ST

W 10TH AVE

VE HA

1 9

OAK ST

ALMA ST

W 4TH AVE

2 4

CORNWALL AVE

CAMBIE ST

REY RD

5

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

AR IN

12

MCDONALD ST

NW M

RENFREW ST

BURRARD INLET

10. THE KERRISDALE GARDENS 2128 W 40th Ave 604-559-9848

11. KENSINGTON GARDENS 2220 Kingsway 604.620.7886

12. KEEFER BLOCK Keefer St & Main St 604.682.8813

13. CANVAS

onni.com 604-875-8508

14. EMPIRE AT QE 4500 Cambie St. 604-687-8800

28 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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This is not an offering for sale. An offering for sale may only be made by way of a Disclosure Statement. E.& O.E.

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FUNDAMENTALLY SPEAKING

// BY WAYNE KARL

MORTGAGE ESSENTIALS

Wayne Karl is an award-winning writer and editor with experience in real estate and business. In Fundamentally Speaking, Wayne explores the basics you need to examine when buying property. He can be reached at wayne.karl@wall2wallmedia.com or follow him on Twitter at Twitter.com/WayneKarl

Learning as much as you can is time well spent

your home purchase. Ask yourself: in 10 years, is a home you buy today likely to be worth more or less? If you need an answer to this question, just take a look back at prices 10 years ago. Of course, there are no guarantees, but if you’re in the homebuying mode anyway, today’s low rate environment makes a pretty compelling reason to act sooner than later to take advantage of these opportunities. Low rates notwithstanding, banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing – everything from putting down a larger down payment to taking advantage of pre-payment options and even “stress-testing” your mortgage at a higher rate to ensure your finances can accommodate rate fluctuations or other unforeseen circumstances.

M

ortgage interest rates, still at historical lows, represent a window of opportunity for those looking to buy a home. The mortgage industry is ultracompetitive, lenders often introduce new products and otherwise there are plenty of options for borrowers. If you could lock in at a low rate over 10 years, for example, that gives you the comfort of knowing what your mortgage payments will be over that period, while over that time you can also take advantage of any pre-payment and lump-sum payment options to pay down your mortgage. Another appeal of this scenario is that, as we often point out, experts advise you take a long-term view of

Low rates notwithstanding, banks, financial firms, brokers and other experts still advise homebuyers to practice smart borrowing. The mortgage market is a complex beast, and as a prospective homebuyer, these are not lessons you’re going to learn overnight – nor do you likely want to. You’re focused on saving a down payment, getting your finances in order, searching potential neighbourhoods, choosing a home and, when buying new, selecting interior finishings. But just as important is to also spend as much time as necessary to find a broker or banker you trust and who knows their business. More so than in any other area of homebuying, you’re going to rely on the advice of this member of your team – now more than ever. It will prove to be time well spent.

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MAKE YOUR MOVE

Moving etiquette

// BY CHUCK RESNICK

BRING YOUR MANNERS WITH YOU

E

ven at the best of times, moving day can be stressful for everyone involved. Whether you are moving into or out of a condominium, lowrise home or a commercial property, a move involves trucks, boxes, packing materials, workers and a certain amount of organized chaos. As with any major event, preparation is key. There are certain things to do on moving day to make things go as smoothly as possible. The first is to be sure to bring your manners with you.

Chuck Resnick is vice-president of marketing and operations, Two Men and a Truck Canada. twomenandatruck.ca

Think of the following tips as moving etiquette: > Let your neighbours at both ends know when to expect the movers to pull into your place. Ensure that the movers park and unload to avoid blocking anyone else’s driveway or trespassing on other property while items are being carried into or out of your new place. It is important to respect your neighbours’ privacy and property. > If you are booking a residential move and have the choice, select 9 or 10 a.m. for your truck to arrive. This is a time when people who work the 9-to-5 shift are not at home, and you are less likely to cause them any inconvenience. > Everyone wants to move at the same time, but this can tie up the elevators and make it impossible for residents to come and go, so instead of chaos, the property management will book a block of time for you to move. Book the elevators well in advance – in both the building you are leaving and the building you will be moving into – so that you can have the benefit of arranging your time comfortably. You should also check to see if movers are restricted to using specific doors. Sometimes there are service areas to use for moving so that the rest of the tenants aren’t disturbed or inconvenienced, or to accommodate large, heavy pieces of furniture. > Make arrangements for your pets to be cared for elsewhere. The very nature of a move means that doors will be open for long periods, and having animals wandering in and out can be dangerous for them and for those carrying your belongings.

Let your neighbours at both ends know when to expect the movers to pull into your place. Ensure that the movers park and unload to avoid blocking anyone else’s driveway or trespassing on other property while items are being carried into or out of your new place. 34 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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> If the movers are playing a radio, ask them to keep the volume down to avoid bothering small children or elderly neighbours who may want peace and quiet. > The physical nature of moving means that your movers will get thirsty and hungry. Although it is not necessary, offering cool drinks and some snacks is always greatly appreciated. Cold water and pop during the summer, or coffee and hot chocolate in the winter can go a long way to keeping movers refreshed and energized. > Most people wonder about whether to tip movers. Tipping is not compulsory in our industry, so it is totally up to you. If you feel your moving crew has done an exemplary job, by all means, show your appreciation that way. Whether or not you tip, you should expect excellent service. > Most moving companies are good about removing packing materials, crates, boxes, etc. when they leave. If anything is left behind, collect it yourself and dispose of it. > As items are moved out of rooms, take advantage of the opportunity to sweep, mop and clean what you can. Think about how you would like to find the place you are moving into and act accordingly. Some people hire cleaners to come in and work their magic before turning in the keys over to the landlord or the new owners. You may even want to check your lease – some leases and tenant agreements stipulate the condition of cleanliness and you don’t want to be sent a bill from your old landlord because you didn’t fulfil your obligations at your old apartment when leaving. > Keep your cool. By moving day, you are likely to be tired and worried

Most people wonder about whether to tip movers. Tipping is not compulsory in our industry, so it is totally up to you. If you feel your moving crew has done an exemplary job, by all means, show your appreciation that way. about all your items arriving at your destination without any damage. So, it’s all about common courtesy – treating others the way you would like to be treated – and it works both ways. That’s why at Two Men and a Truck we follow “the grandma rule.” We treat everyone the way we would want our grandmothers to be treated. FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 35

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RO SS RD

NM

Sky H

wy

R VE GO TR

Sea To

EN D

NORTH SHORE | SQUAMISH | WHISTLER DEPOT RD

DR ORO

UG H

LONSDALE AVE

DR E NS

CHEAKAMUS WAY

1a MARINE DR

GA

A10

RI

BOULEVARD

BA I LD

MARINE DR

YR

E

NT

A9

GH

LA

ND

S

W AY

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HI

MAMQUAM RD

STANLEY PARK y

a

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NM

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To

Sk

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H

RD

LOGGERS LN

QU E E NS WAY

RAVEN DR

A4

LYNN CANYON PARK

MT SEYMOUR PKY A7

KEITH RD E

L LEVE LOW

R D E MAI N

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

UD TEA PLA

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VE YA WA V ST TA WE NU VE ST E KA CH OC L M DR HE RD O ILF GU

A6. CAPSTON

129 W 2 ST 604-929-8870

VAL LEY

DR

3R

2N

DA VE DA VE

DR

A8 A6

A2. REMIX

A3. T  HE PRESCOTT ROBIN DR

KE

SEABUS

A7. NORTHLANDS

#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

N LY

EY LL VA

NORTH SHORE

CENTENNIAL WAY

MAGEE ST

A2

Mountain Hwy

TH B

MATHERS AVE

DEMPSAY RD

SD AL EA VE

DR

LIGHTHOUSE PARK

DALE R D

LO N

INE

CH IPPE N

CAPILANO RIVER REGIONAL PARK

PERTH DR

MAR

RD

STE V

L OW

SOU

R CYP

B ESS

TANTALUS RD

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

36 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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NORTH SHORE/SQUAMISH/WHISTLER

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604.985.0003 HEYWOODLIVING.CA FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 37

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NORTH SHORE/SQUAMISH/WHISTLER

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38 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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Bummed out Because your mom only walks you on the sidewalk? NEW YEARS SALE! Up to $15,000 * off SELEct homES. Stop walking your dog on concrete and put him back into his instinctual element. live just steps to the trans Canada trail and minutes to the world-renowned canine playground of the Coastal Mountains. a collection of sixty apartment homes ranging from one + den to two + den atop a vibrant social hub. now that’s how you live West Coast.

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NORTH SHORE/SQUAMISH/WHISTLER ad

Buying or building your own home? Find out about your rights, obligations and information that can help you make a more informed purchasing decision. Visit the B.C. government’s Homeowner Protection Office (HPO) website for free consumer information.

Consumer Protection for Homebuyers Services • New Homes Registry – find out if any home registered with the HPO: • can be legally offered for sale • has a policy of home warranty insurance • is built by a Licensed Residential Builder or an owner builder • Registry of Licensed Residential Builders

Resources • Residential Construction Performance Guide – know when to file a home warranty insurance claim • Buying a Home in British Columbia Guide • Guide to Home Warranty Insurance in British Columbia

www.hpo.bc.ca Toll-free: 1-800-407-7757 Email: hpo@hpo.bc.ca

• Maintenance Matters bulletins and videos • Subscribe to consumer protection publications

40 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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NORTH SHORE/SQUAMISH/WHISTLER advertorial

This helpful, easy-to-use, online resource is available from the Homeowner Protection Office (HPO) website at www.hpo.bc.ca. Savvy homebuyers are using it to make more informed purchasing decisions.

New Homes Registry Keeps Homebuyers Informed The New Homes Registry provides free access to find out if a home has a policy of home warranty insurance and is built by a Licensed Residential Builder, or whether it’s built without home warranty insurance. Homebuyers can obtain valuable information such as the name and contact number of the warranty provider, the builder’s warranty number and whether an owner-built home can be legally offered for sale. Every new home built for sale by a Licensed Residential Builder in British Columbia is protected by mandatory third-party home warranty insurance. Better known as 2-5-10 home warranty insurance, this coverage includes: two years on labour and materials, five years on the building envelope (including water penetration), and 10 years on the structure. It’s the strongest system of construction defect insurance in Canada.

www.hpo.bc.ca Toll-free: 1-800-407-7757 Email: hpo@hpo.bc.ca

Visit the HPO website for free access to the New Homes Registry which is optimized for mobile devices.

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FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 41

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NORTH SHORE/SQUAMISH/WHISTLER

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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. Pictures, drawings and digital renderings are for illustrative purposes only and should not be relied upon. E. & O.E.

42 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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043-Capstone 02-07-14.indd 1

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MOVE IN LATE SPRING 2014 路 5% DOWN 路 LIVEATCAPSTONE.COM


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

BARNET MARINE PARK

ED

GA GL

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AR

SQUINT LAKE PARK

U

DI

ROYAL OAK AVE

WILLINGDON AVE

RD

AY IW

A2

LOUGHEED MALL

Belmont & 6th Street 604.522.2583

B3. DOMINION

68 Sixth Street 604.525.8980

B4. ELLIOT ST

336 Columbia Street 604.524.8080

BURNABY LAKE REGIONAL PARK

DEER LAKE

DEER LAKE PARK

RI

NELSON AVE

ROYAL OAK AVE

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B1

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BOUNDARY RD

A3. AVIARA

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RW

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5021 Kingsway 604.456.0688

EW

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A4. MODELLO

Griffiths Dr & 14th Ave 604.527.7955

E AV B4 L B3 YA RO

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A1. REFLECTIONS

107 - 7090 Edmonds St. 604.525.8496

DE

IN

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B2. VICEROY

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BOUNDARY RD

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GR

SE MARINE DR

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Lougheed Hwy

SPROTT ST

CA N

A7 CENTRAL PARK

ITY

A GL GA

BROADWAY

49TH AVE

RS

WA Y

BURNABY MOUNTAIN GOLF COURSE

BCIT

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RD

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18 Begbie Street 604.523.0081

A6

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BRENTWOOD MALL

GR

B1. NORTHBANK

W

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CLIFF AVE

A5

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SPERLING AVE

A3

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WILLINGDON AVE

HASTINGS ST

Barnet Hwy

NORTH RD CL

INL ET

DR

CONFEDERATION PARK

BURNABY MOUNTAIN PARK

theamazingbrentwood.com

A7. S  TATION SQUARE 4670 Assemble Way stationsquare.ca

A8. MET2

6550 Nelson Ave 604.899.8800

libertyhomes.ca

1710 Gilmore Avenue 604.291.9130

44 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

Aug.17 2012

7.625”x1.625”

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Now Selling For more information visit libertyhomes.ca This is not an offering for sale. Any such offering may only be made with a disclosure statement. E. & O.E.

045-Centreblock 02-07-14.indd 1

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n

LEGAL ANGLE

// BY NEIL MANGAN, JD

DON’T SHOP ALONE

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).

W

hen you buy into a new development, you are usually buying something that doesn’t exist, or if it does exist, is under construction and hasn’t had its tires kicked. Condominium development is big business. Savvy developers hire great marketers to sell a product that you can’t see or touch for hundreds of thousands if not millions of dollars. Beautiful demonstration suites, light and airy showrooms, tantalizing lifestyle marketing, modern luxury and skilled salespeople entice you to accept the additional risk that comes along with buying new construction. Since you can’t examine what you are buying before you sign on the dotted line, it is critically important

that you understand the purchase contract, the purchase process and the legal risks. You need to see through the marketing gloss, ask difficult questions, review all of the documents and negotiate like a pro. For this reason, I always recommend to friends and clients that they involve their lawyer early on and find a knowledgeable real estate licensee or Realtor to guide them through the process. You shouldn’t shop for a new condo alone or allow the salesperson working for the developer to represent you in your purchase. When purchasing directly from a developer, you will usually be asked to sign a lengthy contract drafted by the developer’s lawyer and weighted in their favour. Given the uncertainty that comes along with new construction, these contracts are often necessary, but you shouldn’t review or negotiate them alone. Consumer protection legislation requires that developers provide you with an extensive disclosure statement describing the technical and legal structure of the development. After signing your contract and receiving your disclosure statement, you have a short seven-day cooling off period in which you can cancel your contract. This is a great time to obtain independent legal advice so that you can walk away if you aren’t comfortable with the risks.

When purchasing a new condo, take the time to review the documents and work with professionals. Once your new condo is complete, you will have an opportunity to inspect the unit for deficiencies. This can be a stressful experience, especially if your new condo doesn’t meet the lofty expectations created by the developer during the sales process. New condo buyers often ask me whether they can refuse to complete their purchase or hold back funds if the developer fails to fi x any deficiencies before the completion date. Most of the time, the answer is no. New construction contracts usually give developers lots of leeway to make final repairs at their convenience and, unless there are glaring problems with your new condo, it can be very costly for a buyer to refuse to complete a purchase. Given the marketing and sales machine working against you when shopping for a new condo, an experienced real estate licensee or Realtor can help level the playing field. Engaging a lawyer early in the process can help you obtain timely legal advice in the short window available to you after signing a contract. When purchasing a new condo, take the time to review the documents and work with professionals. Buying new construction carries many risks, and you owe it to yourself to enlist the help of professionals to help you make the best decision possible.

46 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

46 NEW CONDO GUIDE NOVEMBER 16 - 30, 2013 046 Legal Angle_Mangan_DontShopAlone_DD.indd 46

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Wh new tim doc with


AVAILABLE NOW

INTRODUCING MODELLO’S PENTHOUSE RESIDENCES AND EXCLUSIVE THREE-BEDROOM HOMES

COLLECTION

Estate

ModelloByBoffo.ca 604.456.0688

CALL TO LEARN MORE

RD ST

GSW AY

MARKETING BY

BER ESF O

KIN

PRESENTATION CENTRE

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

GRAN D

Modello Presentation Centre #118 – 5021 Kingsway

DO NG WIL LI

NEW YEAR’S CELEBRATION PROMOTION

NELSON AVE

the

MARLBOROUGH AVE

THE ART OF ELEGANT LIVING

ROYAL OAK AVE

047-Modello 02-07-14.indd 1

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Published by

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048-Devices Filler 2013.indd 57

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THE BEST OF METROTOWN 48 more storeys of Metrotown’s most highly anticipated community are coming this April. 4670 Assembly Way is the next phase at Station Square – the very best of Metrotown. More shopping, more dining, more amenities, more transit options – everything at your doorstep: that’s what it means to live in Downtown Metrotown.

See it this April. Own it this May. Register now.

STATIONSQUARE.CA

The developer reserves the right to make changes and modifications to the information contained herein. This is not an offering for sale as an offering can only be made after the filing of a disclosure statement, and only in jurisdictions where qualified in accordance with applicable local laws. E. & O. E. Station Square and the Station Square logo are registered trademarks of Metro Shopping Centre Limited Partnership, and used under licence.

CHINESE NEW HOME & CONDO GUIDE Client: Anthem Properties Project: Station Square II Dimensions: 7.25” 049-Station Square 01-24-14.indd 49 x 9”

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 49

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R IVE

KNIGHT ST

99 VANCOUVER INTERNATIONAL AIRPORT (YVR)

R DR

R I C H M O N D | D E LTA | L A D N EDRR | T S A W W A S S E N

NO 3 RD

NO 6 RD

91

NO 6 RD

Westminster Hwy

RICHMOND NATURE PARK

GRANVILLE AVE

99

RICHMOND CENTRE

GRANVILLE AVE

R DR

CAMBIE RD

g

ALDERBRIDGE WAY

LANSDOWNE PARK MALL

NO 4 RD

WESTMINSTER HWY

RICHMOND NATURE PARK

Richmond Hwy NO 5 RD

R KE BA RU SS

NO 4 RD

A1

DR

CAMBIE RD

R IVE

CAMBIE RD

SHELL RD

GARDEN CITY RD

NO 3 RD

LANSDOWNE PARK MALL

A3

RICHMOND

BRIDGEPORT RD GRANT MCCONACHIE WAY ALDERBRIDGE WAY

W AY

KE BA SS RU

RICHMOND CENTRE

99 R IV ER

WESTMINSTER HWY

GRANVILLE AVE

NO 5 RD

GARDEN CITY RD

W AY R

CAMBIE RD

VANCOUVER INTERNATIONAL AIRPORT (YVR)

A4 A2

SHELL RD

BRIDGEPORT RD GRANT MCCONACHIE WAY

KNIGHT ST

R IV ER

Richmond Hwy

91

Westminster Hwy

GRANVILLE AVE

99

BLUNDELL RD

RD R VE RI

W AY

se rR Fr a 62ND B ST

B ST

RN

SD

R

RD OV E

RD

RO 47TH AD

A AVE

48TH AVE

53RD ST

GR

W

28TH AVE

Presentation Centre No 3 Rd and Bennet 604.278.3939

17

28TH AVE

ENGLISH BLUFF RD

Oval Village 5640 Hollybridge Way 604.276.8683

41ST B ST

A4. CADENCE BY CRESSEY

56TH ST

A3. HARMONY

U R DR

Sales Centre 7100 Elmbridge Way 604-282-7838

BU

ARTH

A2. RIVER PARK PLACE

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R IV

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113 ST

AC H

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RICHMOND #101-8600 Park Road 604-270.2482

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W RD

17

41ST B ST

CE M ETE RY

72 AVE

A1. SAFFRON

SD

ARTH

BE

RI VE R

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BOU N DARY BAY R EG IONAL PAR K

53RD ST

EL RD N

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NO 3 RD

N KSO

56 ST

53A ST 8A AVE SOUTH DE LTA PAR K

74 AVE

RN

48TH AVE

47TH A AVE

JAC

12 AVE

8A AVE

BU

17

55 ST

53A ST

52 ST

75A AVE

12 AVE

119A ST

75 AVE 115 ST

DR

D E LTA

CHALM E R S PAR K

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DE LTA NATU R E R E S E RVE

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DR

78B AVE

BA

IC A

MONROE DR

116 ST

N

118 ST

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112 ST

M

ST

B EACH G ROVE GOLF C OU R S E

80 AVE

SA

NT A

82 AVE

DEAS ISLAND REGIONAL PARK

G RAU E R PAR K

C OAST TSAW WAS S E N I N N

MACK I E PAR K

ENGLISH BLUFF RD

BL VD

SCOTT RD

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NORDEL WAY

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84 AVE

80 AVE

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LADNER

RI VE R62ND RD

112 ST

NO 3 RD

17

S P LAS H D OW N PAR K

DEAS ISLAND REGIONAL PARK

FINN RD

TSAW WA S S E N

56 ST

90 AVE

NORTH DE LTA PAR K

RD

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52 ST

116 ST

MONCTON ST

RD

MONCTON ST

GARRY POINT PARK

96 AVE

GARRY POINT PARK

ive r

NO 6 RD

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NO 5 RD

Steveston Hwy

Steveston Hwy Steveston Hwy

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Fr a

Steveston Hwy

SOUTH ARM PARK

NO 4 RD

WILLIAMS RD

NO 5 RD

NO 3 RD

GILBERT RD

FRANCIS RD

NO 2 RD

RAILWAY AVE

SOUTH ARM PARK

NO 4 RD

NO 1 RD

WILLIAMS RD

NO 3 RD

GILBERT RD

RD FRANCIS FRANCIS RD

NO 2 RD

NO 1 RD

RAILWAY AVE

FRANCIS RD

NO 6 RD

BLUNDELL RD

12TH AVE

050-Richmond Delta 2011_CG.indd 50

56TH ST

6TH AVE

50 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

4TH AVE

1ST AVE

1/31/2014 4:53 PM


ID

AL DE

GE

AY W

MINORU BLVD.

RD

. EL

R MB

RB RI DG

.

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RD

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LB

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RICHMOND/DELTA/LADNER/TSAWWASSEN

Sales Centre

WESTMINSTER HWY.

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 51

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RICHMOND/DELTA/LADNER/TSAWWASSEN

RG-NHG-FEB072014.indd 1 GUIDE FEBRUARY 7 - 21, 2014 52 METRO VANCOUVER NEW CONDO

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RICHMOND/DELTA/LADNER/TSAWWASSEN

B E RICH IN HEALTH

RICHMOND’S HEALTHIEST HOMES ARE HERE. CADENCE OFFERS PENTHOUSES, 1, 2 AND 3

BEDROOM CONCRETE HOMES IN THE DESIRABLE OVAL VILLAGE NEIGHBOURHOOD. WALK TO THE BEAUTIFUL RIVERFRONT; RELAX IN THE ROOFTOP GARDEN LOUNGE; AND DELIGHT IN YOUR HOME’S HEALTH-FOCUSED DETAILS THAT GIVE YOU CLEANER AIR, PURER, MORE REFRESHING DRINKING WATER, AIR CONDITIONING FOR YOUR OWN UNIQUE COMFORT, AND A QUIETER LIVING EXPERIENCE. REGISTER NOW TO RECEIVE PRIORITY INFORMATION.

CADENCEBYCRESSEY.COM

604.276.8683 HO LL YB RI DG

LANSDOWNE RD RT

RD

E W AY

N

BE

MB

RI

G IL

EL

DG

E

W

AY

This is not an offering for sale. Any such offering can only be made with a Disclosure Statement. E.&.OE.

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 53

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INSIDE MORTGAGES

// BY KRIS GRASTY

DEPRECIATION REPORTS

Kris Grasty is a mortgage broker with Dominion Lending Centre’s Canadian Mortgage Experts and an active member of the MBABC. Kris maintains a strong focus on educating clients on all options. For more information visit his website at www.krisgrasty.ca or reach him at kris@cmexp.com.

T

hough Ontario passed this legislation over 10 years ago, the deadline for Depreciation Report compliance for B.C. was December 13th, 2013. These reports determine if reserve funds are established and allocated properly, reducing the risk to lenders by making strata homeowners less likely to face large special assessments. Depreciation Reports are not meant to force people to pay higher strata fees, although they can illuminate the need for higher contingency funds. After initial preparation, the reports must be reviewed every three years. The cost to prepare the initial reports may be several thousand dollars, but follow-up reports may cost less, as much of the input may just be revisions of existing data.

Important ways they may affect your property value or mortgage approval

Now the part that everyone seems to be going crazy about… increasing condo fees! Legislation does not force strata corporations to increase condo fees or even to follow the financial recommendations. For far too long though, these fees have started artificially low to get folks in the door and to keep current owners complacent, only to have many cry foul when they have to pay cooperatively towards an “unexpected” roofing project on a 35-year-old property. Inevitably, some condo fees should go up after a report is completed.

Do your due diligence; the banks will! The ongoing proof of a property’s current state of repair will place proactive strata corporations who raise funds appropriately and focus on maintenance in a favourable light versus those who focus on a more costly repair-and-replace approach. As a current condo or townhome owner, a Depreciation Report gives you valuable insight into the financial health of your strata, as well as the scope and cost of future repairs. Conversely, Depreciation Reports grant the home purchaser more transparency and help anticipate the costs of upcoming maintenance. Depreciation Reports also protect lenders. As more and more properties use them, lenders will also rely on them to determine their risk of lending on a mismanaged property. Lending rules for qualifying for a mortgage have changed over the last few years: now, lenders may either refuse to lend on a property if there is no report provided or if recommendations have not been implemented or they may lend less money, contingent on a potential future levy or assessment. Finally, although Depreciation Reports may add a little cost and effort up front, they protect investors from future contingency shortfalls and so protect the value of their investment for the long term.

Basic functions of a properly prepared Depreciation Report 1 Document an inventory of the common property, and common assets, as well as other strata property to be maintained. 2 Provide for an on-site inspection of the properties and assets to determine the overall condition or current state of repair. 3 Establish the remaining useful life of the inventoried properties and assets. 4 Estimate a projected maintenance, repair and replacement cost over a 30-year period. 5 Prepare a forecast for how the strata corporation plans to raise the capital to fund the outlined anticipated cost of repairs and maintenance.

54 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

054 Inside Mortgages_Grasty_Depreciation Reports_DD.indd 54

1/31/2014 5:08 PM


PREVIEWING BEGINS FEBRUARY 8TH REGISTER TODAY | AMACON.COM

We are meant to be together. FAMILY-SIZED HOMES IN CENTRAL RICHMOND

Tempo is designed for family life. Contemporary homes for families who value their quality time.

Developed by:

Marketed by:

7720 Alderbridge Way, Richmond BC V1A 2P3 T 604.276.8885 E tempo@amacon.com W amacon.com This is not an offering for sale. Such an offering can only be made by way of a disclosure statement. Rendering is artist’s concept only. E.&O.E..

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SURREY | LANGLEY 116TH AVE

OR

RD

112ND AVE

108TH AVE

12

W ay

0T

H

ST

GR

N VE OS

A7

A9

104TH AVE

Hw

y

A4 A1

88TH AVE

88TH AVE

BEAR CREEK PARK

176TH ST

208TH ST

192ND ST

10 RD

B3

A3

R

A7

LO VE

A12

WATERSHED PARK

B2

72ND AVE

A10

64TH AVE

64TH AVE

A13

61A

60TH AVE

58TH AVE

A14 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

A6. LINGO

5665 177B Street 99

604.727.5478

A7. UNIVERSITY DISTRICT

104th & University Dr

A8. PARK AVE

100 Ave. & Whalley Blvd. 604.233.7748

8695 160th Street 604.825.1038

A9. G3 RESIDENCES

13913 Fraser Hwy. 604.588.3783

A10. THE RIDGE AT BOSE FARM

A5. VERVE

AD

LANGLEY

SERPENTINE FEN NATURE RESERVE

104th Ave. & 154th St. 604.453.6688

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

ER

B1. CORNERSTONE

A12. L ATITUDE

B2. KENSINGTON

14358 60th Ave. 604.596.5075

A13. LUMINA

14877 60 Ave. 604.727.5478

A14.L ATIS

5811-177B St. 604-575-0669

wy

D

A11. 3 CIVIC PLAZA

104th Ave & Citypoint Way 604.951.3331

B1 Fra s

B4

SURREY

AV E

G

A2

184TH ST

168TH ST

99a

200TH ST

80TH AVE

160TH ST

152ND ST

144TH ST

128TH ST

120TH ST

112TH ST

72ND AVE

TH

B5

1a

King George Blvd

80TH AVE

96

240TH ST

er

GOLDEN EARS BRIDGE

96TH AVE

RD

TYNEHEAD REGIONAL PARK

Fr as

GL OV ER

GREEN TIMBERS URBAN FOREST PARK

232RD ST

96TH AVE

216TH ST

S

A5 A11 A8

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

56 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

056-Surrey Langley 2011_CG.indd 56

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All 1 Bedroom Homes $

All 2 Bedroom Homes $

10,000 OFF

20,000 OFF

PLUS GST AND BC TRANSITION TAX INCLUDED. LIMITED TIME OFFER

MOVE IN TODAY

LUXURY IS STANDARD AT LUXOR

OWN FROM $ /MTH*

Condos from $224,900

OWN TODAY

731

Special Financing Packages Available

*see sales staff for promotion details

HOURS: Monday to Friday 1-6pm Weekends & Holidays 12-5pm

REGISTER NOW!

luxor-living.com 604-590-8003

To Vancouver

15 min. to YVR Airport & 15 min. to US Border

Scott Rd.

FURNISHED SHOW SUITE: 12039 - 64th Ave., Unit 104, Surrey Corner of Scott Rd & 64th Ave

64th Ave. 58th Ave.

FOLLOW US ON FACEBOOK @ Luxor Homes

LUXURY HOME COLLECTION GROUP

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To US Border

MARKETING AND SALES BY: Wolstencroft Realty

R E A L E S TAT E M A R K E T I N G

*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.

057-Luxor 02-07-14.indd 21

1/31/2014 4:43 PM


SURREY/LANGLEY

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

4

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.

58 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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SURREY/LANGLEY

BOLD NEW COUNTRY MODERN CONDOS IN A HISTORIC SETTING

1 ST Time BuyeR homeS FRom $162,900*

TheRidgeAtBoseFarms.com 604.888.5514

DownSizeR homeS FRom $234,900*

64th Avenue between 160 & 164 Street, Surrey Presentation Centre Open Daily 12–5 (except Fridays)

*Prices and availability subject to change or be withdrawn without notice and do not include taxes. E.&O.E.

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 59

059-Ridge at Bose Farm 02-07-14.indd 59

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CONDO WATCH

Prodigy UBC Wesbrook ON THE STREET 106 – 5983 Gray Ave. ON THE WEB adera.com INFO 604.221.8878

CONDO MARKET WATCH Condominium homes to keep your eye on

The Charleson Downtown Vancouver ON THE STREET 1396 Richards (at Pacific) ON THE WEB onni.com INFO 604.689.8535 HIGHLIGHTS Priority registration is now underway for this dynamic, 43-storey tower by Onni. Homes include a limited collection of customizable homes ranging from 1,000 to 3,500 square feet. Don’t miss this exciting opportunity to own a brand new Yaletown condominium home just steps from the Seawall and the best of the downtown lifestyle. Dramatic glass and steel architecture.

4670 Assembly Way Metrotown ON THE STREET 4670 Assembly Way ON THE WEB stationsquare.ca HIGHLIGHTS The newest phase of the highly acclaimed Station Square master planned community is now accepting priority registration. This 48-storey tower is expected to begin sales in May. Register today for more information and to get on the VIP viewing list.

Storybrook South Burnaby ON THE WEB ledmac.com/storybrook INFO 604.528.8906 HIGHLIGHTS Located in Burnaby’s dynamic HighGate neighbourhood, this exciting four-storey community of 71 West Coast style residences is well under construction and will be move-inready this later this spring. Tucked into a quiet corner of an existing residential neighbourhood and adjacent to a protected, extensively restored stream, Storybrook boasts an idyllic setting yet is only minutes from SkyTrain, shopping, parks, schools, and a diverse array of big-city amenities. Be sure to priority register on line to receive more information as soon as it’s available.

Riva Richmond ON THE STREET 7771 Alderbridge Way ON THE WEB onni.com/riva INFO 604.278.8825 HIGHLIGHTS Now selling in Richmond’s Oval Village, Riva introduces its second collection of riverfront homes. These premier condominiums are priced from just $282,900 and feature exceptional floorplans ranging from one to three bedrooms. Outstanding location across from Richmond’s future Middle Arm Park and with easy access to transit, schools, YVR, golf, as well as great cycling and walking along the dykes to Steveston. Contemporary, west coast modern architecture with cascading butterfly roofs, expansive outdoor spaces and outdoor water features.

HIGHLIGHTS UPDATE The presentation centre is now open at this exciting new condominium property by Adera. Fantastic location in the heart of UBC’s newest residential neighbourhood and adjacent to Mundell Park plus all the extensive landscaping and water features you’ve come to expect from this ultra green builder. Bonus: courtyard ponds extending right to the edges of some suites’ patios. Prices

Framework Chinatown ON THE STREET 231 Pender St. ON THE WEB porte.ca/framework INFO 604.620.6223 HIGHLIGHTS Spacious city flats ranging from studios to two-bedrooms are coming to the heart of Vancouver’s historic Chinatown. These midrise homes feature ultra-modern design with an emphasis on functionality and beauty. Just steps to the Seawall, Science World, Gastown and a diverse array of eateries and foodie hangouts. Easy access to downtown Vancouver too. Register now for a new perspective on commuting.

Tell Us Your News Got a new development, opening, or other news you’d like us tofeature in Condo Market Watch? Drop us a note at condomarketwatch@wall2wallmedia.com, and we’ll do our best to get it in the next edition.

60 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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SURREY/LANGLEY

YES!

Affordable + Quality + Value = Athenry Gate

home ownership can be this easy.

✔ Choose your unit with $0 DOWN ❏ ✔ Get qualified with exclusive rates from our ❏

partner lenders with as little as $7500 DOWN

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Condos from $137,500 2 Bedrooms from $235,000 2 Bed. + Den from $284,900

Exclusive gift valued at

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5000

for homes reserved by Feb. 15, 2014

athenrygate.com 8312 208th Avenue, Langley

Sales Centre Open Mon-Thurs 12-6pm, Sat-Sun 12-5pm

Sales and Marketing by Solon Bucholtz 778.995.7467 FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 61

061-Athenry Gate 02-07-14.indd 61

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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

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2 bed

$250,900

$226,900

1 bed + den

$199,900

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$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.

62 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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SURREY/LANGLEY

IN 4 E 1 OV L 2 0 M L FA

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

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 63

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SURREY/LANGLEY

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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. C LO V E R DA L E

1 BEDROOM + DEN FROM $199,900 | 2 BEDROOM FROM $269,900 SHOW SUITES OPEN DAILY 1 - 5 pm, except Sundays 5811 - 177B Street, Surrey

LatisCondos.com DEVELOPED BY

MARKETED BY

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.

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 65

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 |

065-Latis 01-10-14.indd 65

©

CW:

AD:

AE:

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

1/31/2014 4:44 PM


PURCHASER PROFILE

LOOKING UP

Norbert discovers Delta Rise // BY SUSAN M BOYCE

As a single parent, he felt quite content with his single-family home in North Delta. Well, okay, sometimes the yard maintenance was more time consuming than he’d like, but he was willing to overlook it. After all, North Delta was a great place to raise his two boys. Then one afternoon, Norbert decided to check out Delta Rise, the condominium tower he’d heard was coming to the corner of Scott Rd. and 80th Ave. Instantly, his whole concept of “home” changed.

LAST FALL, A NEW HOME WAS NOT IN NORBERT’S PLANS.

Great Style: Serendipitous Timing After living in North Delta for 15 years, Norbert admits he’d been considering a move closer to Vancouver. But when he saw the display suite at Delta Rise, he fell in love and thoughts of downtown vanished. Two weeks later, he’d purchased a two-bedroom home on the 36th floor. “I love summer and sunshine, so the floor-to-ceiling windows are great. And the size of those decks… amazing. It’s like having another whole room.” He grins and his eyes twinkle with enthusiasm. “I’m definitely going to need some new patio furniture.” Cinching the deal was Delta Rise’s efficient, yet oh-so-

livable interior design — a design that fell into perfect alignment with Norbert’s goal of downsizing and simplifying. “With all the built-ins, you really don’t need a dresser in the bedroom. I also went with the option of getting an island in the kitchen, so I won’t need a dining room table either.” And he admits he’s looking forward to being able to lock’n’go whenever he gets the urge to travel — which is frequently. “People say timing is everything,” Norbert says. “And the timing on Delta Rise is perfect for me. By the time this structure is done in a couple of years, who knows where my kids will be. Most likely I’ll live here by myself, but it could be with one of my sons or even my two sons on their own. Or I might rent it out. This gives me so many options.” Family Affair Although Delta Rise won’t break ground until June this year, there’s already an epilogue to this story. The day after he bought, Norbert suggested his sister and brother-inlaw, who also live within blocks of the presentation center, should take a look. “Initially my sister said no, but I told her to go just for the heck of it,” Norbert says. The result? Another home sporting a bright red SOLD sign, this time on the 24th floor — which makes spontaneous family get-togethers even easier. For more information about Delta Rise visit deltarise.ca or call 604.594.RISE (7473).

66 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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SURREY/LANGLEY

FLEETWOOD’S BIGGEST OPEN HOUSE

SATURDAY FEB 22 NOON - 5PM

Fleetwood Library

Fleetwood Rec Centre

Surrey Golf

FLEETWOOD TOWN CENTRE’S BEST NEW CONDOMINIUM COMMUNITY IS NOW READY FOR LIVING. Ascend’s exclusive offering of 26 designer Condos are now ready to enjoy! Best of all the developer is entertaining reasonable offers off suggested retail price on remaining homes until February 28th.

Take advantage of Ascend’s new “Let’s Make a Deal” Program. Visit today for the best selection or check us out at Fleetwood’s Biggest Open House Saturday February 22nd.

From $236,595* or $24.90* per day!

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. Daily payment of $24.90 is based on current prices, a 20% down payment, 25 year amortization at 2.50% over a 3 year variable term calculating monthly payments of $747 divided by 30 for an average daily cost. Interest rate valid as of January 24, 2014. Offered by a partnership financial institution available OAC. E&O.E. Sales and Marketing by Fifth Avenue Real Estate Marketing Ltd. www.fifthave.ca

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 67

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10

176TH ST

184TH ST

176TH ST

184TH ST

168TH ST

152ND ST

y King George Hw

SOUTH SURREY | WHITE ROCK

40TH AVE SERPENTINE FEN NATURE RESERVE

SC

E CR

CRESCENT BEACH / BLACKIE SPIT

TR

EN

99a

D

99

7

32ND AVE

SUNNYSIDE ACRES URBAN FOREST PARK

CRESCENT PARK

24TH AVE

1

Ki

24TH AVE

164TH ST

26TH AVE

24TH AVE

ng

148TH ST

168TH ST

152ND ST

INE

16TH AVE 160TH ST

140TH ST

128TH ST

3

6

MA5 R

y

2

4

Hw

16TH AVE

ge

16TH AVE

or

20TH AVE

Ge

SOUTH SURREY ATHLETIC PARK

DR

15 10TH AVE 8TH AVE

8TH AVE

SOUTH SURREY / WHITE ROCK 1.

MORGAN CROSSING

24th Ave & Hwy 99 604.582.1336

2.

3. 4.

ROYCE

Thrift & Everall 604.538.8028

GEMINI

15310-17A Ave 604.536.1663

ADAGIO

20th Ave. & 154th St. 604.531.6659

5.

NEWPORT AT WEST BEACH

14949 Marine Drive 604-536-0256

6.

7. KINGSTON HOUSE 3323 - 151st St 604-541-8092

SALTAIRE

Johnston Rd & Thrift Ave 604-662-3700

68 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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SOUTH SURREY/WHITE ROCK

SE NO LL W IN G

East Coast Style. West Coast Living. Boston’s Ivy League style has arrived in the desirable South Surrey / White Rock neighbourhood. Inspired by the iconic architecture of North America’s most respected academic institutions, Polygon introduces Kingston House, the premier apartment collection at Harvard Gardens.

152 St

34 Ave

32 Ave

99

Two Bedrooms from $259,900 3323 – 151st Street, South Surrey Open Noon to 5pm daily (except Friday) 604.541.8092 kingstonhouse@polyhomes.com

POLYGON KINGSTON HOUSE LTD. POLYGON HARVARD GARDENS LTD.

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 69

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1/31/2014 4:44 PM


d l o

s 0

2

071-Newport at Westbeach 11-29-13.indd 1

1/31/2014 4:44 PM


STYLE FILE

DESIGNING WITH

black

Forget “black & white,” it’s all or nothing! // BY YANIC SIMARD // PHOTOS BY LENI JOHNSTON

72

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1/31/2014 5:08 PM


BLACK IS ELEGANT AND TIMELESS, but can be

a little intimidating in large doses when it comes to home décor. Coming up with a room scheme consisting of all-black décor is about combining a different variety of elements so it doesn’t end up looking dull and lifeless. You want it to have punch and personality – here are some categorized ways to achieve that: WALL TREATMENT Painting all of the walls in a matte black finish might have you feeling like you’re sitting in a dark hole – so I wouldn’t advise taking that route. If you’re going to paint all the walls black, go with a semi-gloss or even high-gloss finish. A true black paint that I like to use is Benjamin Moore’s Jet Black, 2120-10. To add to the black walls, why not have one feature wall using a black tone-on-tone wallpaper. Graham & Brown offers a good variety at affordable price points. One of my personal favourites is the Black Cubix Pattern.

An all-black, modern furniture setting can sometimes seem a little cold. Warm it up by layering as much as you can. DIFFERENT FINISHES Combining a variety of different finishes helps create a more visually appealing room, in any room setting, but especially if you’re designing in a monochromatic colour scheme. Bring in a variety of different materials, such as stone, glass, leather and black painted metal. A reflective accent finish such as chrome, gold or copper is really hot right now. Designing with black isn’t so scary after all, is it? LAYERING An all-black, modern furniture setting can sometimes seem a little cold. Warm it up by layering as much as you can. Load up your sofa or bed with a tonne of black cushions, I’d say a minimum of five, and put one or two on your side chairs as well. Since all of the cushions will be black, mix up the different types of fabric you use – faux fur, cotton, silk, velvet. Again trying to steer away from the “flat” black look. Another way to layer is with your area rugs. Layer one area rug on top of another, such as a 9-in-by-12-in rectangular rug with a 5-in-by-7-in cowhide on top.

WARMING IT UP If I haven’t fully convinced you about designing a space entirely in black, then warming it up with an accent colour is completely fine. Black looks particularly elegant with navy blue and/or caramel tones. Infuse your accent colours in artwork, pillows, blankets and accessories. Most people get a little nervous when it comes to the thought of designing with black. The funny thing is, I’ve noticed that whenever it’s done in a model home, it sends the reviews skyrocketing and has people raving at how stunning it looked! And if you do it in your home, you’ll have your family, friends and guests talking about the beauty of it for years to come.

YANIC SIMARD is the principal designer of the Toronto Interior Design Group. Specializing in residential and commercial projects, Simard often applies his signature high/ low and old/new combination design techniques in developing unique designs. Simard has appeared as a regular guest expert on Citytv’s CityLine. For more information visit tidg.ca FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 73

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SOUTH SURREY/WHITE ROCK

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SOUTH SURREY/WHITE ROCK

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 75

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CONDO MARKET

// BY LYDIA MCNUTT

A SELLER’S MARKET TO KICK OFF 2014

Lydia McNutt is an award-winning writer and editor of New Condo Guide. Lydia’s love of architecture, interior design and the written word have landed her happily at home at Wall2Wall Media, where real estate rules. Email Lydia.McNutt@wall2wallmedia.com, and follow her on Twitter @LydiasTweets

I

f you’re considering making a move in 2014, then you’re probably plagued by questions of where the real estate market is heading, and concerns about whether it’ll keep climbing or come to a crashing halt. Well, according to the Royal LePage House Price Survey and Market Survey Forecast released recently, the road looks golden moving forward. The average home price in Canada

2014

What to expect, and how to go with the flow

increased between 1.2 per cent and 3.8 per cent in the fourth quarter of 2013, and real estate experts are expecting much of the same for the first half of 2014 – a projected 3.7-per-cent increase nationally from 2013, and a shift to a seller’s market. “A few short months ago, the country’s housing market emerged from a year-long correctional cycle of dramatically slowed sales volumes. Later 2013 was marked by a transition to buoyant sales volumes and above-average price growth,” says Phil Soper, president and chief executive of Royal LePage. “In the absence of some calamitous event or material increase in mortgage financing costs, we expect this positive momentum to characterize 2014. In fact, we expect a market tipped decidedly in favour of sellers for the first half of the year, after which we project a shift to a more balanced market.” Soper attributes the rising house prices to a few factors – the typically busier spring market, and in addition to normal demand, “housing prices in Canada this year will be influenced by buyers who put off purchase plans in the very soft spring of 2013,” he says. “Talk of a ‘soft landing’ for Canada’s real estate market in the new year is misguided. We expect no landing, no slowdown and no correction in the near-term. Conditions are ripe for as strong a market as we saw in the postrecessionary rebound of the last decade.” Buying in a seller’s market: In a seller’s market, demand for homes is greater, which drives prices up. If you’ve found a great home, chances are someone else has too. Whether you’re buying brand new or resale, these strategies may tip the scales in your favour: TIP #1: KEEP YOUR EMOTIONS IN CHECK. Combine a hot real estate market with a hot head, and you start to lose sight of the goal: to make a smart purchase and a sound investment. Don’t become a bidding war casualty. Set your budget and stick to it. A home is only worth so much, and it’s up to you to decide what that magic number is. TIP #2: GO WITH A PRO. Your real estate agent, financial adviser and lawyer are your Holy Trinity in the home-buying process, helping you to keep your emotions in check (see #1 above) and make a purchasing decision based on facts and figures, not feelings. Use their expertise and make a smart bid that reflects what the home is worth and what you can comfortably afford – even if (and when) interest rates rise by one, two or three per cent. TIP #3: GET PRE-APPROVED FOR A MORTGAGE. With this in your back pocket, you’ll be locked-in at today’s low rates for up to 90 days, and when you do find a great home and are ready to make an offer, it won’t be conditional on financing since you already have this in order.

You’ve undoubtedly lost some sleep over the decision as to whether now is a good time to buy a home. A final word to the wise: do it when you’re ready for the market, not when the market is ready for you. By sitting on the fence and waiting for the “perfect” market conditions to roll around tomorrow, you could miss out on some great opportunities today.

76 METRO VANCOUVER NEW CONDO GUIDE FEBRUARY 7 - 21, 2014

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1/31/2014 5:09 PM


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

FEBRUARY 7 - 21, 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 FEBRUARY 7 - 21, 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 FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 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 $383,900 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

PROJ ECT

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

HR LR LR LR LR HR HR LR HR HR LR LR HR LR

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 $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

SF/LR/TH LR

604.824.5062 1.800.830.7175

Call From $184,900

HR HR LR/TH

604.472.1123 604.931.0302 604.939.8808

Call From Low $200’s From $249,900

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

COQUITLAM

1123 Westwood Austin Bloom

PRICE

LADNER

CHILLIWACK / SARDIS

Garrison Crossing La Cason

C O N TA C T

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

ABBOTSFORD

Abacus Uptown Brooklyn Lift Mahogany at Mill Lake Waterleaf

TYPE

Penthouse (PH)

Real Estate Sales & Marketing From the ground up

Live Work (LW)

City Home (CH)

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 FEBRUARY 7 - 21, 2014

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

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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 HR 604.694.1188 Coming Soon Brewery District Carlyle at Victoria Hill HR 604.523.0733 Call Dominion HR 604.525.8980 Call Duo at Port Royal LR 604.520.9890 From $218,900 Elliot St HR 604.524.8080 From $224,900 Glass House Lofts LR 604.520.9890 Call Grove, The LR 604.523.0733 Call Lookout at Victoria Hill, The LR 605.523.0733 From $239,900 Northbank HR 604.523.0081 From $266,000 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 Viceroy LR 604.522.2583 From $321,900

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 Tempo Saffron

Penthouse (PH)

Aqua Elaho University Heights

City Home (CH)

604.552.0552

Call

LR 604.278.5809 From $324,900 LR/HR 604.276.0677 Call HR 604.276.868 Call HR 604.244.7721 Call HR/TH 604.270.8305 From $389,900 HR 604.233.7748 From $300,000’s HR/TH 604.244.8333 From $296,000 LR 604.271.3331 From $288,800 HR 604.278.3939 From $318,800 HR 604.233.7748 From $300,000’s HR 604.303.7575 From $464,900 HR 604.278.8838 Call LR 604.274.7326 Call LR 604.279.8866 From $211,900 From $229,900 HR 604.282.7838 MR/TH 604.233.2633 Call HR www.amacon Coming Soon LR 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

604.957.3331 604.596.2202 tiensher.com 778.395.1886 604.530.5399

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

SURREY

3 Civic Plaza Ascend Balance Connect Esplanade at Waterstone

Call From $134,900 Live Work (LW)

HR

SQUAMISH / WHISTLER

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 700 Marine Drive LR/LW 604.984.0700 From $299,000 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 HR 604-988-8540 Coming Soon CentreView 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 Orizon LR 604.638.6240 From $309,900 MR 604.983.9065 Call Pinnacle Residences at the Pier Prescott, The HR 604.969.3333 From Mid $200’s Queen Mary LR 604.770.1645 From $349,900 LR 604.924.4488 Call Remix Seylynn Vilage HR 604.980,5000 Coming Soon 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)

FEBRUARY 7 - 21, 2014 METRO VANCOUVER NEW CONDO GUIDE 81

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

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PROJ ECT

G3 Residences 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

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

604.453.6688 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

Call 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

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

604.620.2018 From $289,900 604.879.9996 From $327,400 604.781.4303 Call 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 604.682.8107 Call 604.876.9222 From $829,900 604.688.8927 Call 604.876.9222 From $699,900 604.568.8283 From $268,000 604-289-1888 Call

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

Brio Tsawwassen Springs

LR 604.943.8811 Call SF/LR 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 5555 Dunbar LR 604.568.7551 Call 6 & Fir HR 604.899.8858 Call 99 West MR 604-620-8600 From $528,800 Arbutus Ridge MR 604.738.0001 Call Binning Tower HR 604.646.1111 From $499,900 Cambie & 7th HR/TH 604.568.5060 Call Elizabeth LR 604.877.1722 Call Empire at QE Park MR 604.687.8800 From Low $400s Granville at 70th HR 604.687.2298 Call James MR 604.675.1000 From $424,900 Kerrisdale Gardens MR 604.559.9848 Call Kits360 LR 604.737.0360 From $379,900 Lido HR 604.872.2672 From $458,900 MC2 HR 604.638.9998 From $259,000 Meccanica HR 604.876.8819 From $394,900 Opsal HR 604.876.7332 Call Pinnacle Living Broadway MR 604.739.2080 From $429,900 Pinnacle Living False Creek MR 604.874.8368 From $369,900 Prelude MR 778.986.7860 Call Prodigy HR 604-221-8878 From High $300s Radius LR 604.731.5528 Coming Soon Riley, The LR 604.616.7008 From $347,500 Sail LR 604.221.8878 Call Shannon Wall Centre Kerrisdale LR 604.267.8882 Call Sixth and Willow sixthandwillow.com Coming Soon The Village on False Creek HR 604.733.2010 From $390,500 Westerly, The LR 604.558.3399 From $300,000’s Yu MR 604.827.3488 From $452,400 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 River’s Edge 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 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 From $259,900 604.582.1336 From $275,900 604.536.0256 From $259,000 604.318.5254 From $159,900 604.538.8028 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 FEBRUARY 7 - 21, 2014

080-081-082-CG Listings Pages 2013.indd 82

1/31/2014 4:53 PM


IN THE MARKET FOR A

NEW HOUSE

OR A CONDO?

We think finding a home is a lot more than simply finding the right property. That’s why we put you right in the middle of the search process.

Search your favorite neighbourhood

Find out about nearby services and amenities

View new construction projects and register to get the latest info

Visit the new real estate section on canpages.ca and start looking for that special place. Powered by

083-Canpages 2013.indd 67

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O w N I N G A H O M E AT BRENTwOOD IS GOING TO BE

a m a z i ng

THE AMAZING BRENTwOOD wILL TRANSfORM BuRNABy’S wILLINGDON AND LOuGHEED CORNER

INTO THE LARGEST AND MOST IMPRESSIVE NEw RESIDENTIAL COMMuNITy IN METRO VANCOuVER.

LIVE ATOP A 28-ACRE SHOPPING, DINING, ENTERTAINMENT DISTRICT AND EVENT PLAZA • EVERyTHING yOu’LL EVER NEED IS AN ELEVATOR RIDE AwAy • BRENTwOOD SkyTRAIN IS READy TO TAkE yOu ANywHERE, fROM DOwNTOwN TO yVR • INCREDIBLE HOMES OffER VIEwS THAT START wHERE EVERyONE ELSE’S LEAVE Off.

regisTer Today. own iT 2014.

T h e a m a z i n g b r e n T w o o d.com

willingdon ave.

The homes, The value, The invesTmenT, The experience will be noThing shorT of amazing.

lough eed hwy.

The developer reserves the right to make changes and modifications to the information contained herein without prior notice. This is not an offering for sale. E.&O.E.

084-Brentwood 02-07-14.indd 1

1/31/2014 4:44 PM


BC New Condo Guide - Feb 7, 2014